.
Honorablomrm8terE8noook
arlmlml M8hiotAttomry
1Ecnhbohle ) Tuarn
opinion IO* O-sllT
Dear sir: uo, whothor dord of trurt .x0-
i .OUta d’&l jo intlto mk la
nd
b ulk
to 808ur
b oo dii80uo d
inr o fundlzlg
funlo en b o nd8
ir rabjaot to tha 8t8mp tu
lavlrd by m.9oM v#n-
an'8 Aanotatod oirii at&-
atom.
In your.1rtt.r
of Tobruary 1, 1041, you request 0~
.opinionid rrspon8r to th? foxlowfng-qwrtionr
=Ulura a taint 8twk Land Bank, with a ohar-
tar frorr the ?ua Ondlt Adiaiai8tratianin Wa8hfng-
ton, la reWn6lng all Or ut Of its bond8
i8r~04 pursuant to titr0. P 8, 0. a6 aodo
Annotated, Motfo5 ul, iTa8 8 no&gag. aa it*. .
nrlem$atr (e809ueU todoftmd ameaoh
Wet to 804ura the now nortgagr or bond 188~0
used 10 rriundthe old bond; am the new dead8
of trwt mubjoot to tho doowontuy or rtamp
tg rovldad for ln mtlola TOM-t ltevlred
ip 8t8tak8 for 1988 of ar8 the mm. oxapt
anau thr tobra 6td.8 lompthg Joint st00k
Lrnd Bank8 fra oort8la taxation by F'rdaral,
stcrto,or xua101981 luthorlt~rrt=
The fir8t paragraph in Sootion 1, Artlole 1047r, Vsr-
non*8 Annotated Civil Statotar, reeds as iollower
"(a) Exoept 81 herein otherwise provided
there la hereby levied and asaeseed a tax of
Ten (13$)