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