Untitled Texas Attorney General Opinion

OFFICE OF THE ATTORNEY GENERAL OF TEXAS AUSl-IN . !331 Road dlatrlot baada are autb0eir.d by Articlr 3, s*otlon 82, Conctltutlon of ToxA8, axl eenoml L-r, 39th ~&a&two, lirrt Celled 5ouion, l@IM, p~go Q8 (hrtiolor TSRA, et aoq.# Ymaoll'r hmotAted Clvll MAtutu 1. iload di8- lMx&sod ta t8 a ~0 to ~SBW bond8 r0r we purpot00r %b o~wOtiOa, mai-8 rad 0jt0aia 0r ~0a6wd, +~TOI- 1.d OP plYed roAda And tl3Pnp~8, or la Aid twOor.* It 18 8 funda5fJntalprlnolpl* of lm tat t-.0pro- owdc dorlvmd &cm tb ula ot bonds suet be devoted ta tM pll'gow ror whioh tbr boadr wwo lrawd, m not ot~i~nlu. BgAtwmt T. RAtt&w artrrf~t Land CO*, 824 2. 'i;. 539 (6rroP ~fu8.d); 6iPrproa v. city ot Ii~~@oobor, 152 Z. r;, 3591 Arm- maa County Y* Cols~ur-R&tan F'naturm Campany, 191 t. .:.334. IA Y~OW Of the A~fih0dtiO# dkd &OYO it 18 OUF oplnlon thnt the Caalaf1lon4rr~Court or my indlvldualoaw nny purpaur other tbn r6r the purgxm rc.82eloh tu bcmdt ww i$BU#d, uX! rOr tbOP8 8 Autbxd.8.d by AHlale TIUIq, Vmnon’.r btwtatad Civ%?&uto.. 8&? th0 TW m & prOO00d8 Of bond& O.CEW&y kmwaaa the Construatlon~, mustbo phoedinn fund to bo uaod mol.4 ror the pwpou r0P whloh t!xo bond. *era voted. Tlw Caml88lonor8~ Cwrt, belag 8 oourt of 1M'aci JwlsdLotlon, AUthOPiXAtiO& 60 hAV0bW UaablO tO il~d u?y h8 tb Cowlssloa+a~r* Court to lnvut ~11s xd in urj tm 0r 800titr. The Legld,ctureiau provided ior the invertwentof mlrglu8 mozmy In the rink& fuwh of bond 18ml48 in ooctaln emmer uta lo d o urtiu l . If thorn la uly surplur in tiie8lnklng rund or ea. 188u8 in quutlon, thie 8urplu.slccybe inrastmd $Il United sktu SAP 801~4~In oanpllraoe witn tiirprovlrioria or Artlole 779, Vernon'r Annoktod civil st&tutar* Fe r,drot ttut.m oumot agree rltb your o?lnion, but be- Our anmor M thr authoritl.~oltod Above, te belier. wt both Fuatiolu dlaa188.d ln SOUP o&dnlon &cult ba $MwPod in tb, noggtl?..