OFFICE OF THE ATTORNEY GENERAL OF TEXAS
- AUSTIN
&ly 4, 1939
Em. Tom L. Yeauchaaip
33cretary of State
~wdi.n, Texas
Dear Sir:
Em. To12L. Deachmp, Lay 4, 1939, Page 2
"?~
the ;I~OV~S~O~Sof OUT'iens statute, Article
152Sb relating to cor:mrations of a similar na-
ture . ';ie
have corqared those statutes with the
Arkansas Statutes relating to the same kind of
aorporation, and we are of the opinion that this
oorporation is not organized ror pecuniary profit
within the intendment or the provisions or Arti-
Qle 1529. The users of'the eleotrioity or other
services rendered .bysuoh a corporationare all
member8 of the eorporatlon. There Is no capital
ala&k aud its pnrpose‘lsto serve the people of
therura10 olQwnit$eeulth elBotria1tyor twal-
.abl.e
them to obtain the neeessarp qpplioa md
squt~tto onjoythe we 0r aleoftieity,
Tow rreeond quastiw as tc whethe tidB
IImtitladto be &rented a perpit .
his Stat0 under.th@ praripiecG~of
Wothtithat the X.&&turki
~dedthatstlshacrorporatixan sbmiX&
be allowed to.operatsln T-s andwe base our '.
op2Jileli
upm seotion 7 of oarA&,'krti01~ l!i,gab~
whioh reads a8 foUw8:
hOi &araawloetrlo *oopora3g.~o*
-aballdot be wad -in tIltI
oorperaw aim0
ofaeorporationorgani.mdumderthb~ .~
liar60r this stats, or authodsed tic.
do'businesshoreirr,othartbenthoae
_ tir~lzedp~nttotbe pnr)isim
0r this Aot.*.
le thlnktha~‘thl~ dlsolasesan %ntSa-~.
tiw 0r the Isgislaturolo permU a roraien&or-
porationtoaom in++Ter;asanBrendertbe eer-,
viesa provided ror in our Aot, lf the @rewtanoes
merit an entranae.
Your third queqtion as to the fll*g
fee to be'charged,by the~Ss~r#&ary of state'6 or-
rice for the pen&t to &ah ti'borporstioa,thts
department held In a ttimer oplnicm that we tho*t
Hon. Tom I+ Beaahanp, Kay 4, 1939, Page 3
the Legislature intended that our State should
exeroise some sort of oontrol over such a for-
eign corporation, and for that reason we held
that they should secure a permit to do business
in Texae. Slnos thia is a foreign oorporaticm
asking perrnlssion to oome into Texas, in our
opinion, your department should oharge a fiity
dollar riling fee lor,thls corporation. Under
Article 3914 or our Rewised Civil Statutes rifty
dollars Is-the minimum fee prescribed ror a for-
eign oorporatlon.
Your rcmbh questloh 1s what r2.33diee
ttu or lioewe tax ie to be i?.nnu~u9assessed~
thin corporaticm. 13aotiuuSO or Artiole 1528b
providea that suoh oorporaticoshall annually
pajfa ten dollar lloowo fee on or before May Igt
of eaoh yeax?and ahall be &Wpt from all other
oxolse texa.a. They are, therefare, exempt frqm
cuxy2'tmuohloetax,butnust payonlytheten
.aollw annual llosnrrefaa.
u oul?OpiniOn~tho8Outhne.Bt~k;snWB
Eleetrlo QooperativeOorparatioa,nheuldbe issued
.-: a pexmlt to do bmlnew in Tgxaa+~ We believe the
psr0Q r1fllng~r00 r0r wh t to be fftty
dcdarsandtbat Cheyahoul PBcppf
watt QlJ.ar
annual Uosnee ie8w or before&Say 1st each
yaare