.
OFhCE.OF THE AITORNEY GENERAL dF TEXAS
AUS’I’IN
Honorable J. L. Fitts, Frosldent
San Jacinto 3iver Conservationand Reolaration.Diotrlct
Conroo, Texas
Dear Sir:
of Direot-
purchase defense bonds of the
surplus funds bo1ongin.gto th ch are not ime-
diately needed for ezpenditur 0988 for which
the District is created.
nds in their cua-
tody has been oxpr ain public or"ficers
by the I..e.c$slature p the Constitution
In othors. In eat
oharaoter of the s such moneys my be in-
In every 0880 where t5e
i of $ublic funds, it has
nd no provision of law adthorizing
the Foard 0 s of tho San Saointo Eiver Conservation
and Eeclanstio rict to invest the rurpluu funds of the
District. Such an authority ia not to be l:~iplle~from the
power to nmcge t.!maffairs of the District. City of Bonham
vs. Taylor, 81 TeX. 59, 16 S. H. 555.
Tours very truly