Untitled Texas Attorney General Opinion ( 1944 )

OFFICE OF THE ATTORNEY GENERAL OFTEXAS
AUSTIN
GROVERSELLERS
*~TaRNLY OENLRAL
Honorable S. C. Xaailton
county kuaitor
pitor county
OdaaCIa,Tsxaa
Dear sirs
1 of tfe Bonds aad in-
thereon ham been paid.
11 or thr Pond8 and ln- '
t thereon havs not been
But tha.tot.alobliga-
(total Bonds and in-.
8tlu 0uwanaidg
i8 n8ea8a in tta5 .orri08aon-
litp or the use or oertain publio
or dseorlbeb. It will bs appre-
ciatea ir you will inrorm me co5oclmin,jmy rlshts
and~auties aa county Auaitor under the r0il0ting
clfcumtanoe6.
"This oounty has certain tunds on d8posft
and 0tber runa8 hve8t8a in ainking rund ror th8
paywmt or prinaipal and lntersat or psrtlaular
bond lesuer.
"In the first inetanoe, the bonds and all
interest thereon hove bean .mia in ruu,
::
360
xonorAbl8 I. C. Uaailton, County kudltor - pagO EI
wln the 8roond instan08, th8 8ua or ttiAsuf-
titandingbonds ~1~8 All lntarast which will beauma
aus and payable thereon to the date8 0r their m8tur.
itioa are 1088 thmn the 8um8 evrilabl8, 1.8. OA
depoalt and invested, in the slnlriq fund.
*It ia propored to tmn8r8r the 8x08~888 oi
the available ~lnno8s cm funb8 OA aepo~ltAA~
0r proo88dr 0r Inrostm8ota in the two iA8taaou
aboro cla#oriB8d,ruoh AxoeW118 te Bcm68 lnil-
able for current uaa or the sbmd and Frid#gePus&
-AS COUtJ AUtIitW, do I ha``.authOrit~ UAW
Ii.B. S96, 46th Le(illaturA, a8 oAaAtO& Of~ondor
any other aot, to approve vamvA$A &ri~g .oiieot.
to thras tranMer8, dwpitr Beation OS9 RCC?
*Do08 the Ctmeisrion~rs*~'Co@rSlmra Mthorlty
to authorize these hsAn8fe$N:
Froa the inrorntion @iVOA in YOU11*tter,.w under-
EtaAd th. #itllati@At0 Be AA iDmJUA$ A8 t0 OAO 8iAkiA& iuod
all or the Bond8 and the int8rrrt thereon hAM BMA I'uLlypaid
aod a oa8B,8usplor rem&~A in raid 818kb& ilupd) .u to thr
reoond lnatanoe, w8 undentmd that All.ot thO.bondA a~&.
lntore8t h8va a b8.n paid ln~ful.l, but'tho ,A%Ak&s~fppd,:.
o wnscertain leourlties a sisrve8tmratr ‘aad Pa* o*rkin- *.
on d8p0rit, and.tbat tti0 tow 0r th4 0~8hwsd ~tnvortmnta
eseeode the cuPmAt r8@irAd to my ofi AU of thm,~ ~
bond8 and lntrre8t whloh 8re OutAtAAdin(l.arObUgAtLem
against 8ald slaking run& Ala@, we~aa8uao that in oaoh
lrutaaoo the kind of BOA~A orl&lAA&2~