Untitled Texas Attorney General Opinion ( 1944 )

OFFICE OF THE ATTORNEY GENERAL OF TEXAS AUSTIN Honorable Ch8s. A. Touch Reoords Bulldiag Dallas, 2, Teua Dear Sir: tiona whlc@,lrnture the cuqrent year? rqad district highway ftinduntl.1 the requiremeatsof the Sate Board with respect to refunding absll be oomplled with. “But it ia aleo provided by Subsection (g) of srid Article: “‘In this ooanection it ia declrred to be the intent of the Leglsleture~thatall contractual Honorable Chfbs.A. Tosch, psge 2 duties aridobll tloas which lpsyexlst between _ Any county aad7or defined road dlstriat and the owner or holder of the prese t outstanding in- debtedness of any county aml7or deiln ed road district, shsll not be in any smsner disturbed or impsiredand &ill remsin lnvlolate.~ "ti!do not question,the powerand ruthorltp of thi State Bomd to require ths refund eligible 'obli#tiousrturlng, we do,qqeatioro the authority of the Btite Board to de- tbit the county attempt to redeem by refuadlgg bonds PIILturing In future. years. "As you know, the redemption statute (Arti- cle 720) provides thSt such bonds,msy bs redeqst- &ble )rt the pleasure of the county' 8nd that such r,edemjMon %sy be fixed by the Cosm~W~ion- ersl Coq+.t* Ye thl& it is o,&& d8t the Beard OS 6ouMy and plstriat Rord,Indebtedness&s the ruthotiitip to require coun- complied tiith. $h lgwth Court ia ‘both the Goabrra. Co&y case and the B&r COpaty *se labaeorstru~d &tia3n 7?9in such a msnaer &a to &b cl&r th*t beads Wy be op!lorUl under the &s regkrdlesk of the iact that the CWUUi.SSi~ik~l’S’ COUrt IgaoFed the slbtute iud attempted to i88uO then to *ture seri*lly lradwithout optioq of prier redemption. Zhe Attor- ney &ge&l's D@srtmtmt has held otherwise for the last Honorable Oh%. A. Bosch, page 3 taenty-fiveyetbra,but alme the 8. epleCourt has spoken in 'Y *ccept its Opinion and such-usmlstakrbleUngrBrge,we ah&L follow it. Pou are thereforeadvised that in our opinion the State Bdrd of Oounty and ~lst+iat aoad I&debtedsess0m3 the authority to requlTe,+oo~t~es~to re?m$ Uy bondswhlchrre optionU either ay re%gon of.,h0+?greserved suoh .optionIn thtrprOceeding8rutboriciag t,hqlriss1P~ce, or by reMion of the pr0~i81~8 of Article 720, &a sonh Article has been coimtrued by the Supreme Cotirt. Yours very truly ATTORXtY(kRRRjUOF TEXAS