OFFICE OF THE ATTORNEY GENERAL OF TEXAS
AUSTIN
Hoparable UoyQ 0. Bouldin
Oounty irOtorney
Palo Pinto County
Palo Pinto, TBxaI)
with no fniomatlrm ooa-
ration lnquir6d iaboutox-
roa the above qwation. vi8
d Civil Statut6rr,
whioh eubdivislons
aoIxLcdlathe
ail6loll6money with-
or Cieaountingprivilegea,
“49. For any one or more of the iollew-
ing prpoaeo: To aoouinulats and lend aon*p,
purohaes, sell and deal in notes, bonda and
securities, but without Wine: and dioaoW.it-
fng privllegae; to sot as trusts6 un&w any
266
lama errpresstzxst comiitto~ to thaz by oon-
traot an& a3 agent for ttr0 periorkumoe of any
l.w~ral sch."
Artlclo 71454evioed Civil Statutes, pmvidss
that 'all property,ma1 , prsCnal or tired, axospt 3uah
as nay be hereinart~3rexp,ress1yl3XdE;jL%d
:s subjeot to
taxatgcn, and the sum shall & renbar~d and listed as
herein deswibad."
Article 7152, Bevisod Civil Statutes, prasoribes
the mnmr in wIiichproperty shall be listdO or rendered,
iZkOlUdin& t.Ont Of 00r~~~t~0llS. UtiOle 7170, &WiStd
Civil Statutes, tea43 a5 followar
'All property of private aorparations,ax-
aapt in aas88 wiiaresorm other provision is made
by law, &all be aasossed in the nam IP tha aor-
poration; and in ccUeotin& the tares on the cane
all the personal property of suoh corporatisn
shall be liable to be seizad whgnsverthe aaae
may be tomi in the anunty, and so16 in the same
saner as the property of fndivi&ualsmy be sold
for taxes. All otatewmto and lists rmde by oor-
poratisns tLa;nt are required to 5e sworn to shall
be verified by tha affidavit a&M .uignattws of the
secristarp of said sorporation,and, IS thay have
no seoretary,the offfoer aho dlsoimrges the O.zties
of sacratal-l of said oorporation.*
Sinae our statutes provide,no exoaption SOP aar-
porations areated unitersubdivisions48 and 49 of Artiole
1302 frcm the >roViSionS of kX%iii ;irttQlS 7170, that Statute
governs the oasa whhiohyou inquira about. Such corpora-
tions should be rquired to pay taxes upon the real, per-
bionalan6 mixed property belongingto it.
Yours very truly
Al'TOWXY GEBZRAL OF TEUS
APPROVED MAY 3,
1940 ,
. _
C
APPROVED
6PINION
coMMn-rE~
42-s