Case Information
*1 OFFICE OF THE ATTORNEY GENERAL OF TEXAS
AUSTIN
IIonorablo John I?. Shook
Crfmfnal Matriot Attorney
Dear Sfrr
anted, vrhiab 18 be- part 0r the grip ‘l’he the and ot trust aeourlng a note for xeauted axad filed for reoord be- ax usat into offsot. P. new in- been exsoated for the sole pur- the intereat. rate, the princl- and time of zaturlty raseinlng Is srroh an lastruuient rubjeat to the *S. A deed ot trust seat&ring a note for Q~b,ooo.00 wa e emouted and film? for reaord Prior to the rtfectlre date or the note tax law.
Eonorablo Jokn R. sbaok, Page I
The a&o is pyablr la semi-annual lnstallaanta until Daoember 1046, at vrhiah tire the balEmOe tbr ham of $88,000.00 ~111 boom due. An has been aooutod and proaonted for lnstmnnnt reoordlng extending tha of the of pay-at ,OW.OO that w1J.l beooaa dna in 1948. Tharo I naw duo on tha aoto SUM of $48,000.00.
P to the sum oi 18 the lnstroaont kublo $4S,OOO.W aow duo, only SM of @8,000.00, papaant of whfqh alono is extondod?
-4. Ii l8 prooedlng iaot l*tloa,
the rata ot lataroat prwidod in tho orlglml
note being radoood by th8 BOW lnStr\tplsnt, woald the question bo aaatarod.tho aama or dlt- ferohtly?
6. "14 th4 oontraot 0r a aeohanlo, son- traotor or aatarlal man nubfaot to tha tai Wan tiled in aaoordanoo with Art1010 5453 of tha It. 0. S., to soouro a lien upon property enum- orated In Artiola 56681
6. *Is tho affidavit of a ~ohanlo, aon- traotor material man tmbjoot tha tat wluta fllod for rooord la oaordanoo with Art1010 to l eour o maohanio~a lion n&an labor haa
boon parrormed or natarlal iusnlahed by rlrtuo of aa oral 00nttraotF
Artlola 70470 Vornoa'a Annotated Clrll Statutoa, tha aens balng Sanato Bill No. t4, Aota 1939, 46th La&- latulY, reads part as followa : -(a) Exaapt horeln othazwiae provldod levied and aaneaaad a tax of
there la hereby Tao (1OQ) Cants on oaah one Hundred (.$lOO.QO) Dollars or rraotlon themor, ovar tha Sioat Twu Hundred (&200.00) DOllara, on all notoa and ob- Ugationa aeoured br ohattolkwtgago, doad oi tNSt, ma~hanl~*a.li~n OontMot, vandor'a lien, Oonditlonal aalaa oontnot and all lnatrumenta Or slmllar nature which aro illad or rao~rd- ad in tha ortloa or tho County Clark under tha Eaglatretlon Laws of this State; provided
Ia0 tax shall be letlod OE inatru&enta aeotArin6 ($200.00) DollarS, Or U amoant of ‘fwo Hundred
360 Honorable John B. Shook, Page
lass. hftor tha l fr 40tf74 date thla Aot, ox- orpt as harolnaftor provldod, no l uoh 1natraMnt &all bo fllad or rooordod any Count7 Olark this State until thora has been affixad to auuh lnatrumaat atmpa aaoordauoe with tho prorl- l lona of. this sootion; prowldIng fnrthsr lrhonld tha lnatrumant fllod in the oftlaa of tha County Clark bs l aonrlty of an obligation that has proparty plodgod as aeourlty ln @ate or States othor than Texas, tho tar ahall bo baaad upon the maonablo oaah valub Of all ptopertt plodgti la Texas in tha proportion that said proparty Texas boars to’tho total raluo of th@ propartr mourlng obllgatlona~ and, prorldlng further ox- oopt ranawuIa or rttonaloaa of aooruid in-.
taroat, tha prorlaIona oi thla l ootIon ahall not apply to laatmmanta given ln ranawal xtanalona of ~lnatrumbnts ‘th$ratofon dampad under the provl- @ions ot this Aot or the oua amended heroby, aud ahall not apply to laatrtmanta glron in the rofund- lng of exIating bonds obligations where pra’ Oedlng instnmant Of aeourlty was stamped VIA aooord- ame with this dot or the ona amended hanbfl proi rldad iurthor that tax lovled in this Aot shall apply to o&y on8 lnatrua8nt, the one of tha pat- oat danominatton, wham aeraral ‘inatrwhanta are oon- terpotaneoual~ xaoutt6 to’aeeoure on0 obllgdtlon; and prorldod further that when on06 stamped pro- rldod horoln, M Inatnmant 8ay be rooorded in any n&a&or of oountloa In this Stats wIthout again bolng so stamped . . .*
You will notioa that after levying the tax the Stat- ute than prorldaa that waftor the ffootlre dato of this Aot, @xubpt as horalnaftar tiled provided, no auoh Inatrumant ahhall be tharo has bean nrtixad
until to auah Lrstrpaa4nt @t~pa’I~ ;ooordanca with tha provisiona ot this aaotion.w There then rolls rcrloua axoaptionr, mong rhlch is an oxoap- tIoa Ia favor or xtanalona and ranowala of inatrumanta whioh atcmpad. Thars is no exoaption In tha bra been theratorora atatuta under rhioh alther of the lnatrumsata mcmtlonod In r”‘oa first two quentlona may fall. Under tho expraaaad tSn88 Ot the statute, therefore, both of suoh instrumenta arr aub- J*ot to the tar larlsd by Art1014 70470 and your ri.m two atfiraatit8~ t~~iona are anmterod. in
Ifanorablo tobn 8. Shook, P-a 4
If the laatnuent 8b8titi0-a ia your thhd f3mstloa 18 a deea of trust seourlng tlu wholo lndebtodwsa of than ouoh lastrumnt ia taublo aa to the who18 #$;Tb.O&
On the oontrary. ii it 1s merely aa l sta a alon agrwmnt p&talalng only to tha sun ot $ftS,OOO.OO, th ea, of o ourae, th e lnstrutsant should be atamped only aa to that Yo a~.~wec rour thM quartion SE maaner 82noe st’aot ,mke it slaaz 88 to the xaot nature ot lnatru- mnt qliretloa. It ia that pur tlfth qurstloa baa reCeroao0 thought oontraot illad uad* Sootion 1 of Artlok MSS;
W written Ravlaed Civil statutea. Artlole 90470~expra884 provides ror atemplng of maohanloQa lien oontraotr aad the writton oon- trrot of oontreotor uou&d be an lanrtruaraclt of or materlalmn almf3.m ~ture. Our aaawer to four tlfth question, there- tom, la in the aftlra@tlta~ our op:nlon MO. O-494, dated Yaroh 29, lOJo, ad- bnaaad to the Stat0 Treaa~r, we helb affidavit8 rado Mder hrtlolr S463, MS5 and S466, Ravlaed 0ivl.f fttatutea, mar0 not l ubJrot to atsap tat ~~106 by Artiole brnoa*a Annotated Clvll Statutea, o the oasa ufoted prior to the amndamnt fort Said 8eaato -six?& UgblstUre. Bill ho. M, Forty-sixth Leg alature, I eootslna m amadment thr old a&i018 rhioh ia our opinfon would affeot our to holding la this regsml. our iJnmfer your *oooraiagly, hth is a nogatlve one, quaatlon
Your8 wry truly ivm-%NW OBxB& OF TEXAS