Honorable Bet E-Sadler, P%;e #a
of aaid County after thet doto eud,.within
throo yoaro thawafter, to-wit, Intho ye-
1931, t&oro had aaoumutted enothar group or
outatandIllgsorlp warrants In tho total auloont
of 966,M5.66. On the lSth day of -oh, 1931,
the CaPPaiaaIonera~ Court of IirdRiver Count7
issued mother rorles of warrants called ~Oenorel
Fund- mndlng karranta, 3arIoa lQSl,* payable out
of tho Qarural E'undof said County tn thb amouut
of $SS,S4S.86, luah rarmnts being dated Marei+15,
lQS1, payable to boaror, In donaalrutlonaof +l,OOC
oroh, oxcopt Warrant Ho. 1 In tha amount oS W45.66,
bearing lnkrert at the rote of 6 per oont, payabla
aed-annually, math ru-rants bao~ due iru?eh15,
lQJQ, md annual17 thm’uftor on Maroh,lSth6-h
pear to and Imludlng the you 1947, at that tlmm
6 oont8 of th~.Oaner8lF\ud T8% lorj ma r8t &sIde
to pa ~'tb~lnkr*at and o r edie l dnltlng fwwl to
Pwt is ptpcrlpal Or.raid warrant8 at m8turItJI.
C
%uriag 8llthLa tip, mkd Sor man7 yeas-8prior
"Aftu the Iasuutou of tha Wermral ku% -
&WAdi~ hX'FW&8, &F?ieO lQSl', th4 rOVO~U88 Of
tho 6onere1 Puad IO11 far rhort at t&o uroullt neo88-
oar7 to pay thegeneral opardang expana+a or tha
Count7; and, by the-year 1938, there had aocumulated
a total aaeunt e& eutatandlag sorip werrata, In addi-
tion to the formgoIng funding warranta, Bf *ppox.i-
JMto1y ~197,COo.w. !Rmni aerlp warranta ware Issued
dUring thO ye&~&‘8 1939, 1933, 1894,.1986ORd 19wa
Bi.ncathe 7eer 1936, by mmaa of using the Permauant
Xmpr6rem8nth+d to pay general oporrtlngoxpenaoa of
th# GOUllty, & 8StMll pop?tiOll Of th#OO 8arip WrrzlOlltO
have bun peld. mat of those xttichwerepaid were
warrants $Iven for intorcat on the other warrentoe
In 1988, tlm CoJWIa6lotlarc * Court of Had.fUver County
Iasuod some warrants, ahIoh they called *Gonorali%nd -
Funding Wnrranta, Serlea 1@$8,* la the totel emount
of ~10,088.31,in denoainatlonaof ~l,WO.OO each,
Honorable Pat beadle, page f3
swept IUrrant No. 1 in ths mount of $l,OsS.Jl,
all of which were dated +-IL l,,193Q, payable
89 yQIV.rS fPO8I d&t&, or et eX2y i.Zit8rOOt ~pyb.Ig
&te and boarIng interest et the rata @f 8 pr
oant per annum, payable annually. At the tip,
o ftb iOOU& EUW Of 88id llT8nt8, On0 OOI% Otf
tha Qmaral jmuXlovy was set eaide,to pay the
lnteromt and orerib 8 sinking fund to pw auob
wnrrnntn. This ration, together with the pay-
ment o f lo u o f th a c r lp rnrruata, reduosd tin
sorip tamant indobtrdnaaa to the sum of
$U?,esO~.@6,~whlah lo still out~tandlnglnaddl-
tlen te all~of the above doscribed SupdIng war-
rants.
l%e omtwued vnlwtio n o fth et&x p r ep & i
in Ued WIyer Couutp, +l9ua8, alnee the 7*u 1
I8 &mum la the follorrlagtable:
$w,01v,470.00
ls*mm,m?O.oo
U#Bl1,4&@.00
u2,17$,47@.00
ll,OlM,64o.W
io,ma,oio.oo
10,J1qt8o.00
10,819*s10.00
10,ltM,410.00
10,sW7,300.00
10,087,200.00
9,994,QOO.OO
yeara,baar inotlndthatthe
•Durlng~lltlx+an
tot&l 86 oents 3'und levy ~4x8 being aade,
Oenor&
USm8OOd ud aollcwkd$ and tho tot81 OparrtIng ox-
p nxuu loah you wore far in axeeaa of th amount
oollmated far the Goneralhand Srom all aoureea.
I do not hnve the figures -ovail&bleshowing the
oellaotfona prior to 19X5: but I do have the Pig-
UPas showing the oollaotloca alma that date, which
are shown In the following tablcl:
P
roX'&hle
Pot i?eadle,page #4
%n moordo 8how the gamril OpWPting expendI-
tiara8ror currentoperating eqwafna alme tha per
19Sl a8 followor
*It can rudlly bo soon fron tb forogoIn6
raota that the genornl Operating lxpcuuo* of Red
Klvor County r*qtira all of thm ilrrurrlFund of
lnld Gormty~ aud, Chore 18 new in tb Oemr&lFWkd
of 8Pld aounty the sup or $7,17V,l8,whloh ha8
been set oaldm by th0 court to pq tha intOre8t
mad prlnclp~l on eom of the rbmdlng warrants Ia-
sued in lQQ8, 19Sl nnd lQS8f amd tharo Is no other
money in 8eid (fonarnlYund to p&7 any opernting
exponsss of thq County md, In 8dditIon to,sroaent
oparotlona,the OensraIfk'uudnaeda to pay warrants
iionornble Yet &Mdh, pae;e #6
%SWa for ourrent opersti.ng axpenaea iaourred
tbiSp@W, 8nd uagaId, in the emOUUtef about
feur thownnd dollrra.
*wed upon the foregoing fmta, x rhould
we $u- your department to ndvise me whether Or
ut t& Courtauz
CQllglj.8aioaera~ lewEul1 uee
tua rapuy rhleh is nom in the %netel l7uadm
Set 882de ko B8y the intorest And princI* OS
m&oh funding WUTU%tO, tOX' thO p'='&'OOOOf'Rw-8
thr 8atljpl sad Woesaarg operatingexambane of
tk0 c~l;J f@P t&&S YOPC.”
2t.w 8UO8 6$ ted irr 7OW brief ti NRWrt ef JO=
0ontentIonthOt the~C0PL1Bi8alonara*Cowth88 t& right 0nd
authopit~ tie we the Berkerril Fund In the pa7-nt 0r retax
ud ZU@O8#8P7 Omr8t of ,tka oounty t0 tke e%-
rrlua%oPot urj,priez thorafw, represent *mm of
Mea In lops,, usI1 ma Ls58. & 8 mnttaw OS set, thin
mJxd #@am8 to po88e88 the aherasterI8tIoa Of 8 8inLing
fund UUt, &S S#b, it8 WO WOtid be gOV8PMa by &?tiOti
039 of Vernon~r *naatnted Civil Statwtea.
HOW qUO8tbEi ~OWAp~O808 the le&ity of!SU6h 8
fund, but thlr department ha8 aonalatentl~ held that tbo
Qenex%l Ru&d levy owanot be pledged to the pqme& of debt8
amturing in Suture years, pnd hna ~rpeatedkydeo3.Inedto
approve tka iO8UaINO af bends requiring ouch 8 pledge.
Therefore, we advise thut in view of our well latebli8hed
~01icy In this rogad WI) @annot reaogriso btm v&lid OxIstO-
#Xi@@Of 8 tund 08tWi8IblyON&ted Out of 8 &XWtiCUlOf the
fbneralht& levy for fhe payment of obli&stIon8 iaaueQ
ngninat rueh Sund. 800 Attorney General*a oplnlona numbare
U-lVO& ~onieroneeOpInIon Ro. SO98, 04669,'C0nSerenee
Opinion wo, 6096,,
WO do not pop088 t0 pass UpOn the pO8OibIlity of
the eco~ of my rights to tiremant balder to the U8e
of 8Ueh l brad, but uawam that If eny ouch rIghta do, fn
l&v or Snot, exirt, 8uaa must be solely oontrt&tue1,mnd,
ia OUP opialon, if enforoeable,must b8 a matter for tb
parties thereto to eettle fInally in a court of oompetqxt
jurladictlen.
.
Honorable Pat Beadle, gage #6
Puratlantto the ferogolng di*uua*ion,we advise
that the payaent of the aotual and neceaaary operatfng ax-
penaaa of th6 bounty from thin fund will be 1Lmlted ORQ
by lucrh eontrnotualright6aa mny h&v*ooorued to the ob-
ligatlan holder md by auuh aonatltutlonal odl atatutery
raatrietiona @a are mm lapoaed.
Ye must add, however, that in our opialon a aarloua
q-ubatt~~bxiata aa to the 8vailabllltg of thla fund at all
for use lg th efor
r paysent nP the obligationaabove deaarlbed
er hr kneral%md sxpenaes in vleu of the reSUoted ml*-
u&oS~blQgrmanent 3bprovemeatFund in the year8 1997,
mah a use I6 alearu prohibited by lau.
YraLEsatly, t&ore ia a oonalderable aup due tb Pmaanbnt
IApWvOAont Yuud by th@ oemr*l rqilul,end auah baluwo a6
purportedly bxlata in the ~eneralFux?daaj le slly and
perly bJoq te tha PuUnent b&WOVWAt’ 8 ml, whlob,
pr"tFAb ~'
UbAld pF~O6iUdO the US4 Of the f'IAld8
&A Upr A6An.l'
other t&m i* lmh 3srtQl purposes as are delogatod te
thbObrmmont Uprovbm~t ihand. Seotisn 9, Article 8 .ef
tha ~ebMt%tuttoA~ Carroll v8r-R%llimla,Icm3S.S. 504,
ehir &A&A &a net to bb oasutrued u pa*aimg
AJw: ihe vAl&, of the 8BoVe rwnti0ta.dwarraaatm~,XL&P
the valid uibtonao OS the fsm4 oreated for the prryant
Of 8aAe.
h trwt that the Sorbgobg In mm mume r anav4ra
your fweiltlos,but in vim oS the poouliu fret lltuatiag
underlying 86~0, re Gael that’ it osuld not be anirered
otherwlae.
Vary tixul~5’0uT6,
APPHOVED Jmi 22, 1940 ATTORNEY Em= OF TSAS
/8/ Qorald 0. asma
ATTOIUIIEP Q- OF TEXAS 4‘ /a/ Clam~@Q k. -wO
Clarence X. Crews
Aaala tant
Cl%-arlg