Waters-Pierce Oil Company v. State

103 S.W. 836, 47 Tex. Civ. App. 162, 1907 Tex. App. LEXIS 463
CourtCourt of Appeals of Texas
DecidedJune 28, 1907
StatusPublished
Cited by19 cases

This text of 103 S.W. 836 (Waters-Pierce Oil Company v. State) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Waters-Pierce Oil Company v. State, 103 S.W. 836, 47 Tex. Civ. App. 162, 1907 Tex. App. LEXIS 463 (Tex. Ct. App. 1907).

Opinions

FISHER, Chief Justice.

—On June 21, 1907, the State of Texas, a party to the above styled cause, through and by its attorney-general and the county attorney of Travis County, and Robert J. Eckhardt, receiver of the property of the Waters-Pierce Oil Company, presented to this court an application on behalf of the State and the receiver, stating substantially that on the 22d day of September, 1906, the State instituted in the District Court of Travis County, Texas, a suit against the Waters-Pierce Oil Company, a corporation organized under the laws of Missouri, and exercising and carrying on its business in this State under a permit so to do. The purpose and' object of the suit was to recover of the oil company penalties and to cancel its permit to do business in the State on account of violation of certain provisions of the anti-trust laws of this State. That the case, upon issues joined, came on for trial on the 20th day of May, 1907, and terminated on June 1, 1907, with a verdict and judgment in favor of the State against the defendant for the sum of $1,623,900, and canceling, the permit of' *164 the defendant to carry on and conduct its business within this State. That on the first day of June, 1907, after the return of the verdict and the entry of the judgment, the State presented to the judge of the court where the case was pending an application for the appointment of a receiver of the property and assets and . business of the defendant corporation within the State of Texas, which application was set down for hearing on the 8th day of June, 1907. In that application the State also requested an injunction restraining the defendant from removing any of its property from the limits of the State of Texas; and also stating in the application that the State, by virtue of a recent Act of the Legislature, had a lien upon all of the properties and assets of the defendant company for the satisfaction of the judgment that the court had rendered.

At the same time the court, upon application therefor, issued a temporary restraining order to that effect, prohibiting the defendant, its agents, officers and attorneys, from removing beyond the State any of the assets of the defendant corporation, which order, by subsequent decree, was kept alive and was not superseded by the appeal. Upon this application for receiver and injunction, etc., notice was issued and served on the defendant on the first day of June, 1907. The matter coming on for hearing on the 8th day of June, the court passed the same until the 10th day of June, when upon that day he announced that he would appoint a receiver, as requested, but would for forty-eight hours defer naming the person to be so appointed, in order to give the parties through their respective counsel opportunity to make any objections they desired to Eobert J. Eclchardt, otherwise, at the end of that time, Eclchardt would be appointed. Thereafter, on the 13th day of June, 1907, no objections being made, the court entered an order confirming the order of June 10th, providing for the appointment of a receiver, and named and appointed Eckhardt receiver of all of the property and assets of the defendant Waters-Pierce Oil Company within this State, or that may thereafter come within the State; and further provided that the temporary injunction previously granted should continue in force. On June 15th, the court, by amended order, specifically and more largely defined the duties of the receiver, but in no wise affected his power and authority to take possession of the property of the defendant company. The amended order is as follows:

“In District Court, Travis County, Texas,
June 15, 1907.
-000--
24,551. The State of Texas v. Waters-Pierce Oil Company.
“And now on this 15th day of June, A. D. 1907, at a regular term of this court,
“It is considered, ordered, adjudged and decreed by the court that the orders of this court made and entered in said cause on the 10th day of June, A. D. 1907, and the 13tli day of June, A. D. 1907, be so amended as to hereafter read as follows:
*165 “And now on this 10th lay of June, 1907, at a regular term of this court there came on to be heard the application of the State of Texas for the appointment of a receiver of the property and assets of the Waters-Pierce Oil Company, a corporation, pending the further disposition of this cause, and the court, after duly considering said application, is of the opinion that the prayer should be granted and a receiver appointed to take charge of all the property and assets of the defendant, the Waters-Pierce Oil Company, situated within the State of Texas, or that may hereafter come within the State of Texas, and that such receiver shall immediately take charge of all of said property and assets and hold the same subject to the further orders of this court, and said receiver is hereby directed and instructed to continue and carry on the business of the defendant until such future time as the court may direct, keeping and preserving the property coming into his custody and carrying on the business of marketing and supplying oil to the public in the State of Texas, with the right, power and authority to continue the various clerks, servants and agents of every class and grade now in the employ of the defendant or to discharge them and employ others at his discretion and to require such bonds and security to himself as receiver from any of the present employes, or those hereafter engaged by, him, as he may think expedient and proper, and to sell the present stock of oil and other products and personal property in the hands of the defendant and which may come into his hands as receiver, and to purchase and sell other oil, products and personal property in the regular course of business of the defendant to the same effect a„ the uefendant could or might have done in the continuation of said business, so that said business may be kept up to its present condition as near as may he; and the said receiver .shalF have power, under control of the court, to bring and defend actions in his own name as receiver, to take charge and keep possession of the property, to insure the same against loss and destruction by fire or otherwise, as he may deem proper, to receive rents, collect, compound for, compromise demands, employ one or more attorneys at law, make transfers and generally to do such acts respecting the property as the court may 'authorize and all the expenses of said receivership, including taxes, insurance premiums, attorney’s fees, his own compensation and all expenses of said receivership to he paid as a part of the court costs of the suit.
“That the temporary injunction heretofore granted, prohibiting the defendant from moving any of its property and assets beyond the limits of the State of Texas, he, and the same is, hereby continued in force until the further orders of this court.
“To all of which the defendant in open court excepts, and in open court .gives notice of appeal to the Court of Civil Appeals of the Third Supreme Judicial District of Texas;
“And on this the 13th day of June, A. D. 1907, the court confirming said order and in pursuance thereof names and appoints as receiver herein of the property in said order described, Bobert J.

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Bluebook (online)
103 S.W. 836, 47 Tex. Civ. App. 162, 1907 Tex. App. LEXIS 463, Counsel Stack Legal Research, https://law.counselstack.com/opinion/waters-pierce-oil-company-v-state-texapp-1907.