need to create text on a specific X,Y. I am reading and trying but not able to do it.

private void MapInfo_Geometry_LegacyText(double X1,double Y1, string MyText)
{
    try
    {
        Feature ftr;
        // Create a CoordSys for the Geometry to use.
        MapInfo.Geometry.CoordSysFactory factory = Session.Current.CoordSysFactory;
        MapInfo.Geometry.CoordSys csysWGS84 = factory.CreateCoordSys("EPSG:4326");

        double X2 = X1 + 0.01555;
        double Y2 = Y1 - 0.00173;
        DPoint pt = new MapInfo.Geometry.DPoint(X1, Y1);
        // Create LegacyText            
        MapInfo.Geometry.DRect rect = new MapInfo.Geometry.DRect(X1, Y1, X2, Y2);
        MapInfo.Geometry.LegacyText ltxt = new MapInfo.Geometry.LegacyText(csysWGS84, rect, MyText);

        double X = double.Parse(label_X.Text);
        double Y = double.Parse(label_Y.Text);

        TextFactory.CreateLegacyText(mapControl_Fs.Map.GetDisplayCoordSys(), pt, Alignment.TopCenter, label_INCIDENT_ID_1.Text, mapControl_Fs.Map, new MapInfo.Styles.Font("Microsoft Sans Serif", 20));
       
        MapInfo.Geometry.FeatureGeometry g = new MapInfo.Geometry.Ellipse(csysWGS84, pt, 0.003, 0.003, DistanceUnit.Kilometer, DistanceType.Spherical);

        MapInfo.Styles.SimpleInterior sis = new MapInfo.Styles.SimpleInterior(2, Color.Red);
        MapInfo.Styles.LineWidth lw = new MapInfo.Styles.LineWidth(1, MapInfo.Styles.LineWidthUnit.Point);
        MapInfo.Styles.SimpleLineStyle sl = new MapInfo.Styles.SimpleLineStyle(lw, 3, Color.Empty);
        MapInfo.Styles.AreaStyle ar = new MapInfo.Styles.AreaStyle(sl, sis);

        MapInfo.Styles.CompositeStyle cs = new MapInfo.Styles.CompositeStyle(ar, null, null, null);
        MapInfo.Mapping.FeatureOverrideStyleModifier fsm = new MapInfo.Mapping.FeatureOverrideStyleModifier("a", cs);
        MapInfo.Data.MIConnection conn = new MapInfo.Data.MIConnection();
        MapInfo.Data.Table tbl;
        conn.Open();

        //Here I need to Make sure that the temporary table does not exist before creating.

        tbl = conn.Catalog.GetTable("tbl_PointAdd");
        if (tbl != null)
            conn.Catalog.CloseTable("tbl_PointAdd");

        MapInfo.Data.TableInfoMemTable ti = new MapInfo.Data.TableInfoMemTable("tbl_PointAdd");
        ti.Columns.Add(MapInfo.Data.ColumnFactory.CreateFeatureGeometryColumn(mapControl_Fs.Map.GetDisplayCoordSys()));
        ti.Columns.Add(MapInfo.Data.ColumnFactory.CreateStyleColumn());
        ti.Temporary = true;
        tbl = conn.Catalog.CreateTable(ti);
        MapInfo.Mapping.FeatureLayer lyr = new MapInfo.Mapping.FeatureLayer(tbl, "tbl_PointAnimation");
        mapControl_Fs.Map.Layers.Add(lyr);
        MapInfo.Data.MICommand cmd = conn.CreateCommand();
        ftr = new MapInfo.Data.Feature(g, cs);
        tbl.InsertFeature(ftr);
        lyr.VolatilityHint = MapInfo.Mapping.LayerVolatilityHint.Animate;
        lyr.Modifiers.Append(fsm);
        conn.Close();
    }
    catch (Exception ex) 
    {
        MessageBox.Show(ex.StackTrace.ToString());
    }
}