OFFICE OF THE AlTORNEY GENERAL OF TEXAS
AUSTIN
Hollorablb n%Id a. Branaon
Banking Oommiealoner
Austin, Texas
Dear Sir:
O&raioaer shall
‘Few eaah oharter, mmantlaentor snp-
plement thersto, af a bank or bank and trust
oo~~eny a rsi OP iiity dollers shall be pnid
when said aharber is ill&l, md it the author-
ized eapitrl etoak d suoh eorporatloa emtoeeas
Honorable Fred U. &an#on, Page 8
ten thowaha aollar8, it #hall be roqulrea
to pay en aaaltlonal fee of ten dollar8
for rush additional ten thousand dollare of
ltrr authorlrcrd aapltal hook or fraotlonal
part thereof.after the flrut, prorlaea 8ubh
foe &all not emeed twenty-five hundred
dollar8 .*
The PreOlae quemtlon precienfed by you ha4 not
been deolded but a reri~ aimllar fee statute has been eon-
atrued by the Bupreme Oourt, and the holUng in that ease
le det6nninaflve of the qu4stlon presented by you.
In St. Lou18 9. tff.
Ry. Co. of Tmas, P. Tot%,
Seorstary 64 8. W. 718, Ohlef Jwtlae Oainee
of Stats,
0onstrued Artlole a439 of the statute whloh provldedr
*The reoretarp 0r atate, beside8 other
fees that map be presoribed by law, la author-
lesd and required to oharge for the use of the
8tete the following fee@:
For each and every aharter, amendmentor
supplement thereto of a private oorporatlo
oreatea for the purpose of operating or
oon#Wuotl..ng a railroad, magnet18 telegraph
line, or rtrert railway, Or espre88 oompany,
authorlnea or required by law to be reoord-
ea In raid aepartment, a far of one hundred
aollara, to be paid when eald charter is
fii0aa provlaea, that if the authorlke~
aapltal stoak of sala aorporatlon shall
exceed one handred thousand dollars, it
shall be re uired to pay an addltlOmd fee
OS twenty-flvo a0Uar.e for aaah one hundred
thowand dollars authorized oapltal’&oek
or fraetlanal part thereof, after the first.”
The Bhisf Justdoe mentioned the possible oon-
struatlon of the Artiale but oonoluded aa followa:
“We oonolude that the only reason-
able ooxmtruotlon of the rtatuts In question
1s that when an amendmentto a ahartsr le
filed, if there be an lnoreaae of tha oapltal
stook by an amOuntwer $lOO,OOO, then the ad-
tlltlonal fare la ohargeable upon the.exeess of
sueh lnoreare over the amount named, but that,
if the nmen&aentd,oea not authorize an ln-
Honorable fred 0. Bramon, Page 3
oreaae of #took, then the fixed fee of $100
only shoulb be aharged for it.8 filing.'
Applylug the aeolslon to your bane, it would
follow, that in all offs08 of amendment8of a bank’s
charter, which doer not inrolre an inoreasc of the oapltal
fzto$the fixed fee of ,$SOO rhould be oharged and ool-
ff, however, the amendmentinvolves an inoreaae
of the*oapltal atook, then in addition to the fixed fee
of $50.00 there should be ohareed and oolleoted a further
fro for the lnoreaae, upon the bad8 of $10.00 for eaoh
aaaltional $lO,OOO.OOor fraotional part thereof of suoh
lnorea80.
You will aooept thla opinion in lieu of the one
sent you earlier lti the we6k, whloh 1s hereby withdrawn.
Very truly yours
ATTORNEY GELEXhLOF TEXAS
BY
Oole Speer
Aesl etant
Approved fan. 30, 1940
(slgnea) Gerald C. Uun
AT!RBRBY QEL9p.RAL
of ‘l’EXk9
AIT’ROVED:
Opinion Commltteo
Bdaftgi B.