Case Information
*1 791 OFFICE OF THE ATTORNEY GENERAL OF TEXAS AUSTIN
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fionorable kilter Petreh couzity Jatolney
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Eoa. %lter Peteoh, Pago Is
The Conat:tutIon c:znta'lns nc other provi4lons relating to the exemption of publio property from taxation thar. the pro- vlaloas sentioned above. ~urthez!&or4, the atatut44 h&v4 uot at- tempted to cxtend axaptlon iron taxat?on to bonds 01 the kind wblch you rantion. krtlale 7145, hevlsod Civil Statutes, provides that 'all propsrty, coal, personal or m&red, exoept such a4 mey be hanlnaftar oxpmesly exelopted, I4 sub&at to Caxatlon, cd the sauce shall be mndered and llat4d a6 her4In presor?bed.* *.vIeed tit11 Statutes, doolarae that "per- hrtiOl4 7147, 40~1 property for the purposss ot taxation oh41 be conetrued to Include all . . . bonds and other av1denaes of debt. . .*
fn rwtheranoe or the Constitution, kwoie vlso, E4vIm1d Cl611 Ftatutso, dosorlbos property wkloh ahall be exempt fron taxa- tion. Ceatione 4 and S of mid Artlole ‘II50 Tehte to the WimptlOn extended to publia property and to oounty bulldin(rs. Ev4n it *he Coastltutloa authorlaqd, then la no la-go in maid Artlolo Ol80 which would withdraw bonds of the OhbCtOr under dlsoussion tros Our answer tht!.p0ti8iOna Or hTtiOi0 714?, heV%SSd Civil st&Ut4& personaL to your cu48tIon foll.o~s thst such bond4 am eubj4ot to property tax.
Your8 vary truly ORLrl COMM”TEE
APPROVEDAWG 11, 1939
ATTORNEY G?ZNERAL OF TEXAS