791
OFFICE OF THE ATTORNEY GENERAL OF TEXAS
AUSTIN
@ALLIc MA””
#.lmm”.-
fionorable kilterPetreh
couzity Jatolney
-~errvlJ.b,
hm08
Eoa. %lter Peteoh, Pago Is
The Conat:tutIon c:znta'lnsnc other provi4lons relating
to the exemption of publio property from taxation thar. the pro-
vlaloas sentioned above. ~urthez!&or4, the atatut44 h&v4 uot at-
tempted to cxtend axaptlon iron taxat?on to bonds 01 the kind
wblch you rantion. krtlale 7145, hevlsod Civil Statutes, provides
that 'all propsrty, coal, personal or m&red, exoept such a4 mey be
hanlnaftar oxpmesly exelopted, I4 sub&at to Caxatlon,cd the
sauceshall be mndered and llat4d a6 her4In presor?bed.*
hrtiOl4 7147, *.vIeed tit11 Statutes,doolarae that "per-
40~1 property for the purposss ot taxation oh41 be conetrued to
Include all . . . bonds and other av1denaes of debt. . .*
fn rwtheranoe or the Constitution, kwoie vlso, E4vIm1d
Cl611 Ftatutso, dosorlbos property wkloh ahall be exempt fron taxa-
tion. Ceatione 4 and S of mid Artlole ‘II50 Tehte to the WimptlOn
extended to publia property and to oounty bulldin(rs. Ev4n it *he
Coastltutloa authorlaqd, then la no la-go in maid ArtloloOl80
which would withdrawbonds of the OhbCtOr under dlsoussion tros
tht!.p0ti8iOna Or hTtiOi0 714?, heV%SSd Civil st&Ut4& Our answer
to your cu48tIon foll.o~s thst such bond4 am eubj4ot to personaL
property tax.
Your8 vary truly
ORLrl COMM”TEE
APPROVEDAWG 11, 1939
ATTORNEYG?ZNERAL
OF TEXAS