Case Information
*1 OFFICE OF THE ATTORNEY GENERAL OF TEXAS
AUSTIN
loaorablo Ooorm 1. Ibrppard
Compt~ollar of mbllo Aaoouuta
Alutlo, Texar
Dwr 8lr1
firn, or corpora-
BankM or the 8tats of T0x88, rho purrws ths of tinding moaoy, puro&rlw ux.arl,s au
burlarm taklo(l for seaurlt$ ihi pnynnt Of swh loans and intarert thereon an l rslq runt 0r uagos o r as- signmat of rqgor vlth ?ovrr oi Attorney ool-
leot the maam or other order for unpaid ohattol mortgage or bill of sala upou household or kitchen ’ ~Emph8sis added) fui’olture.
“OCn”“~~” .-.-,- I . _^ __ -^I --_..__ ._ --_._-.._..-.. --...._. .._ .-__- ..-_ -.. -..- _..
iionorabls Oaorge 1. Slnppard, pago 2 Thm l mphao1o.d portion of tb forogol~ itatute
voo lnoortod by aa wnduat the 49th &glaIature, 1945, Choptor 195, Seotlon 1, Aots 49th La(;lolaturo, Pam boio( 266, l rfoatlTo not 11, 1915, thuo Ohrrglo(( the r0rvr doflnl- tion of a haa broker bt the l ulurioa thorofra of ‘a louI- oubjut leg Iaotltutloa to ouporrlolofi o? zruiaatloa b the -putmoat of &a&l- Itats of TOUS. Arttiolo i to ltr emoadmoat hod boon oonrtruod prior 48, Artlole lJO2, Ravlood Civil bubdlrloloa IStat- utoo, IO 00 f0110~0$
'To l o omulote l ad lmd money without bmk- 11lg or dlooouatl~ prirllrgeo.@’
8abdivIoloa 19, Artlola 1308, lo o lollmor vor ear oao CP wro of the r0110v1ag glp- poooor To uotmmulote and leql WWJ, pwohoeo, uotoo, boado end rouritioo wll aad deal but without boaklw oad dlooountl& privll~~eo~ ia act 00 truotso under any lawful srpross trust ouri- to them by aoatrut rml am agent the mlttod porfomanoe of l ny lawful sot." bubd1r1010n 50, Artiole 10 00 f011or81 @To ouboorlbo for, purohooe, lnrort la, hold, own, ostgn, pledge aad othervim deal 1~ and dls- pose of shares of oapltal l twk, bonds, mortgogos, dobontureo, notoo and seourltlos,olllgo-
tlons, oontracts and srldenccs of indebtedness sot competing of foreign or dosestic with oath other in the same line OS business; pro- vided the potters and authority herein coafsrred shall in no vay affect q provlsloa of the antl- trust laws of this State. Article 1gojb, v.fi.c.a., Aotr (Chapter
40th bgislaturr, lYii'7, pago 414) is OS fOllOWSr
*A prlvatc oorporation ma7 be formed iOr aa7 one or 8orO of tho f011091llg purpomeo, v1thout rlrilops: banking or msurowo to couulato od lore motmp; SO P 1 end deal notes, bonds seourltirsl act as Trustre under 8og lsv- ful express trust committed tf, it by cmtrsct or *3 c 708
Sonoroblo Ooorgo H. 8hoppard, wgo 3
~111, or under ppolnt8oat OS say moue horing of the oubjoot mottor, and so l gant
jurlrdlotloa for tho porfomonoo my lovful mot 1 to oub-
oorlbo for, purohoe, lavoot In, hold, 010, oo-
alga, pledgo aad othervlw deli oad dlopooo
of ohoroo oi oapiul tooko, boodo, wrtgagmo,
dobmtroo, notoo oad uourltlro or obllw-
tloao, oontruto aad l rldoao o o of Iadobtodmooo aot empet-
of forolgn or dmootlo oaporotlono lng with uh othor la tho ouo 111~ of buoInooo~ borrow BO~UJ or loouo doboatwoo for oarryla# out onf or 011 purposes &ova nworotod. Pro- vided thbt povrr ad authority horalu oon- 10~ no r*r a??eot ur~~o? tho porl-
iorrrd -11
010R0 of anti-trust laro of this toto.”
Artiolo 152ha, V.A.OA., 1925, IO 1u port 00 fol- love I 1. This Aot -11 ubruo
so. oorporo- tlono horotofore oroot~d horlag for tholr pur-
pore or purposes any OF all of the povoro nov uthorloed lo bubdl~lolono 48, 49 or of Artlola of %x80, Revised Clvll Statutes lY25, and
herrtoforo or horoaftar croatod harlag la rho18
or port any purpooo or purpoooo nov outhor- Sonata El11 gukr
lood Choptrr 232 of Oonorol Spoolal Uro of Uw Rogulor SOS-
olon of the 40th tiglslaturo. . . .
“sea. 2. The Buiklq Coamloslonor of Texas
shall examins or cause to be examined such cor- oonuall~ or ofteuer porations lf hs dsrms it nec- osoary. . . .
“sec. 10. Ths provlsloas of this Act shall apply to forclga vho have hsretofors
been granted permlsslon to do businsss Ln Texas
and rho ma7 hrrraftsr be granted psrmisslon do buolnoss ln Tour and having am tholr purposr or purposes soy part OS the provlolons sst out In
sootion On8 or this Act. ltvor~ forolgn oorpora- tion ha+lng such a permit to do buslnsss Ln thls *4 Eonarable Oaorge II. Shopped, page 4
Stat. ohall be oubJ.ot to tha rulaatloo of the Ronking Ca8.loolonor of Tons lo tho oam wnner l ad under tho oou terms old OODdltlOOO am ox- ulnotloa of dawotlo ooqmrotIono. . . . ’
By tho tons of the forogolag laglolotlro oruot- &tlola unto 8nd portloulorl~ anndwnt mupro, both draeotlo mad forolga oorporatlooo lnooroporotod uador oubdlrloIono 58, 49 mad 50, Artlolo 1302, R.C,b., l925, arm sub rot oxamino- and Arttolo 1303, V.A.C.ll., tlon by thr Doportwnt Bmuklag of the i 8 8to of Toxoo, 8nd loma broker am honoo do not oome vlthln the deflnltlon dofined lo Art1010 6165a, V.&.C.b., 1925.
buoh oorporotlono ora therefora not ubJoot to oar of tha lava o?toxao govornlng looa brokers md pmtloulmly Artiolo 6169, (aootieao 2 to 8, ma.) V.A.C.~., aad o&b- 1925, mad tho oaouor to dIrloIon 14, Artlole 7047, ItAb., your qu00t1on 10, “SO.”
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