OFFICE OF TNE ATl’ORNEY GENERAL. OF TEXAS
AUSTIN
Xonorable Sidney Latham
Secretary 0r State
huetin, Text18
Your lottar 41 booewh. 2oy 1049L r8queatfng tha opinion
ot thiod.mrtzxmhwh hh. .kkti& at:t.d therein read8 aa
I&&& photoatatio oopy o?
0 ,rbove naaed pri3posed oorpofa-
lo oopy ol our letter of Deem-
l,soed to the attorney for the
Cod end a photoatatio aopy 0r
ired to our lettar.
i the ch,ster io aatirfactory
to this office, the neaoaoary filing foes have
been paid snd satiofactaryovfdenoo heo been
furnished relstive to the pey.3entof the copltel -
etook. Tho only question thi$ dopertnont is in
doubt about lo whether Sub-Dlrielon 80 of hrtl-
ale 1302 authorizeTexno oorporetionoto bo formed
for the tranoaotionof bu#inasa in this rtute.
“80 are therefore reepeotfully raqus8tin&
I
the opinion of your departzmaatin anewer to the
r0ii0wfeg qu44ti0a8;
"1. 3s tht8 offloe ruthorimed to
hpprovo ana it10 a charter under
the provialonoor Sub-Divimlon
80 or Art lo14 1302 when 1t I#
the igtorrtof the oorporrrtlon
to trahsaot fts butilnem ln
thla ~@ate?
- *t. ShoWI thfm dopartmnt approve
and tile tha snolosed aharter?*
The parposo olauaa of the ohartor of the proposed aorpora-
tion road* am r0imOt
Sabdlrision 80 of Aa'UolaltfJt, ~maoa'8 .Annotot& Civil
Stetuto8,~rudm, fn pert, a8 followrt
"To 40 bu8ino.a ia any State dt, forala
aountiyr
"(a) Tha .stabiimUeat of 1~14 ooapaalaa
to buy, own, ~11 and oonroy real l8ta tom4
&nor&is, and eqay U mining, agticultulro and
stock rnlsing.
"(0) + * * anyorparatloa erganlme4 hero-
uador ahall only own 8uoh,rool letete ia thle
Stat0 88~ may 44 nooosuary rot It*, ofrl44. * * *n
...?
/-
793
Aoguhr ~oeaton, U3897,waa 8n a4t to aand iuticlaa 841 and
642, 2, Tltlo 21 0s ma Sovised Clrll at~tutaa 0r
Chapter
!kXaa, rolattag to tha oreutlon 0r oorporationp.
Liubeeotion39 0s raid AOt reads aa r0110~8:
"l'hoontobllahmcmt 0s land aimkm148
to buy, own; 0011 an4 4onvoy xoal oatata la
MJ stat4 or fom%i(gi couatry; but mob ooa-
9any rho11 on&y own luoh raal aatat4 In thlr
Stat4 eO.may b4 noarsaary for it0 0rri00.* .
SubdlriaionSo.,SPQM. ‘wasmm.404 by tha lkaaty-aovonth
Logialaturr, Regular 3488fon, 1901, by mu84 Biu 110.43s. sala
Rowe Bill lo. 4SS, lup x a p,r o vidw, Inp ut,a sio llo wa ;
‘SO. for the ptwp004 0s doing boainesr
ln cny stat0 or ror4Lga oountky,r
“(a) The eetabllehwat of load eOmpao1oa
to buy, owns,8@ll an4 oonvey raal artata an4
- aine~ala end ~rgag4 in m&I-, agrIOultti0an4
atook rriaIng.
‘(0) * + * prorIQod, that 4ziy &rporation
organlaad wdor the 9rorI010~ Of tbl~ lubdltlalon
ahrll only own lu6h real oatate IP t&la Stow aa
my b4 n*ooarary r4r itB 0rrie4. * * *
-340. 3. Whoroaa, 0wy oit:ioonr 4r tb
state or, Twmo am daalmw 0r roraag oorporw
tfona for tho purpoaa 0s lnwgin(1 In buolaoaa
In ;ICltIoo, Cube, 9uortO Web an4 the Philipplnm
Islands an4 rartow othar for4iga aagntrliag 4aQ
ahoreaa, auf 9rascurtoorporat1on laws 4~4 Inab-
quete to worer such Borwrata powur a8 u4
n40488~p t0 the r0r3ttbtion 0s luoh oo?np4d14a for
th4 &Wlr~OO,sr an4 upan th4 torma provldod la this
Aot, and are oow 84ering inaorporatloain other
Ytatos or the ilnionwhich ellorroorpontiona for
auoh purpo448,tha8 4aprIrin6 tha state of Tore8
Of the la(;ItIiurte rovoauoa that would be duivod
rrofa tha buainosa 4ntorprise 0s her cit%tsna~ end
Werena, the grosmt a4eato~ of the kglalaturo
18 wariq ‘It8 ol.004,end the oalonduo 01 the
3onato and HOUU~ 4~4 IB a orow4a4 mmdltfoa,
,i
794
Therefore, an bmorgen67bxlot8, and impratl~o
pub114 n4o488ity domrn&8 th4t the COnBtitUtiOnal
Rule requlrlng bllla to k road on thr80 88woral
daya finoach Hour4 ha suapendod, and that thb
-at tari 4ff4ot end b4 in Pcmco from an& after
its pae*ago. and it ia 80 onaotod.'
Roforrlng to Yubdlrlmlon80, iirtl4181308, VWIIO~S’BAm+
tat44 Cltil Otatut48, it I4 statd 1~ VO~UM 10, 20~48 J~l8gr~d0~8,
Pago BD@s
*+ + * A dome8tlo corporationsay bo or&anit-
o dfo r tha lxpn88 purpose of oonduoting ioni@
bUelnor8; &at without the 4ZQr488 authorimatfon
of its chartor, it may oonduot ioroiga bu8iarr8
80 rat am it la parfaItto by th4 low of the ior-
4le 4tat4.*
u th. BPBb Of 04IiOF41 -tOPI AIHDtaQ44 ~rDW4tiODT.
YoCellor. Smrutary of &ate. 10 8. W’. (a) 6W, it la 44ib:
a* * * x plvatb eoworatloa ho8 no right
to tran8aat it8 bu8lncl88 in the Stat. witbout the
authority ltiQon04B in 4u4h a mar a8 the Stat8
may dinot. A Oofporatibn, Being an anlrlalal
- porooa, ham only push powor a8 oonlorrodby its
quirtrr, and *aa adlJ tramart ita buaSnsr8 in
$h$ ynsr and ia the tbrrltory pwaitbod bf law,
By rxprerrr ltatutooy prorl8lon8, the aequl6ltlonor lund by
4 oorporatton I8 roetrlctrb to the Mpulram%t8 of the oorporatlon
to saablo lt to de buolaoss r1thl.nthe Stute or to that puroharrd
by the Qorporationto 84a~r4 a bebt. (EW ati. 13SV, Vornon*r
rinnotatodGlril Stetuto*).
Arti 136P, Vomon~r Anaotatod civil Statut.44, prohlbito
a OOrpOrotiOaW&o*4 lauin purparo i8 th@ aoquiriticnof lmd by pur-
shoreo,loam, or otherwlob, from aequirlng say land in !hxa8. Said
rtatuto r4ad,8am follow:
*Ho privhto aorporation h4r4tofar4or hero-
uftsr 4h;rrterod or orontod w&or4 nmln purpon4 of
bu8in448 18 tbo aaquieft;on or ownerohlp of land
795
by guroh484, loisso or otherwl44, rhall heroalter
b4 psralttadto require 4ny land wIthin this :it*t4
by puroh~ae, 14444 or otbmwlw.l
hpparoctly,the main qUO8tiOA InvoLrcd in your roquaat
18 wh4thor OOrpOratiOAB or@fIis4d UIldOrsubdlvlelonSO, S4otIon
(4). Artlolo lSOS& oaa legally traurnot burInoe4 ln thlo Stat,.
or nðer euoh protl~ioo8 Of the etatUt authorirta a doaratio
oorporatIon to 0rgkoi.a~ ior th4 4xpreaa purpoim or ~onduotln6
burla~~a IA-45s Ytato Othsr th4n Toxar or fOroig4 oountrlr8.
We kr4 fall46 to find 4ny Toxae 0884 dlnotlf paulrig
epoa tho qeratlon unbar oon8ld4ratIoa. Bnmv*r, fn vlou of the
iorufgoing BtatUt48 and tb8 em4rgonay claun O? Ibun Blll.Ho.
43S, lup r a it, Ia oar oplnlon that oorporetfonrorgadised and
inoorporated endor Bubdirlaloo 80, Sootion (a), Artialo 13C2,
are not authoriz.rd to tranmot kui#LOaB ln tbfr Btat8. Stated
anothof war, it lo ouz opinion that oorporatloaa organiad undsr
81~bbU~i810n SO, Sootlon (41.. &loAa 13018,or4 4uthorlr4d t4
tra484OtbU8in.88 In BOW othar stat8 Or ?OrclI~ OQWltr~ Olllr
and -8 not authorlsodto tWW46t~bU4iUiBB in tbla State.
In oonotruin6 8 *tateta, a oourt 18 66t r48trIot4d to it8
bw. *'ftmay refer to othox gortIOnU OS the Ad, that 18, tbo
eajation or title, aid the pre8mbl.a aad 8Iwrgrnoy 014~40.
It la atatrd lo Faxa Jurirprtadonm, Voluam SO, Paw elr7:
*a4 $U~j1480 Of UI BRWr&4nOf 4m84 18 AOt
to olarify OT d8oW4 the Antontion of the L46Ia-
latch, nor to brplrin th 4xpr488 laq~m of the
sot, but merely to luatif~ 4urp4nrionof tbo Gem-
ltItutionaI&lo roqufrla$ ths bill to b4 rood QB
- thrn 84parat4 day8 or to m4k4 the not im4diately
4ftrotiT4. It
may not bo lntokad for tbr pur90z4
or raldng 4n ambf6ultr in 4 8tatut4 or to oontrol
ite PlaiB 34aalng Or pUrp44a. BUt an omergauey
~Olau44 may bo fJOABidOr4d if, it 8h8dB li@kt UpOn
the fnqulry anll'wlllaid tb4 oourt la lroortalala(a
the la~i8lati+o iAtOAt, 8V’M thOUgh it 18 not Of-
frotivo to surpend the Con8tltutlonall&114.*
Ln VioW Or what Ii&Sboon BclidhcrOtOfOr4, it i8 oUC
opiz&m that both of your pueIrtion8, a8 quoted above, ahould
be anmered in tha nagatlvo, and are IO an8wemd.
Youra very truly
Ardell Wllliin8
Assicltant