Case Information
*1 615 OFFICE OF THE ATTORNEY GENERAL OF TEXAS AUSTIN
tionorable Chas. A. Toaoh
County Auditor
Reoords Build-
Dallas, Teres
uthority of t&8 DDE- Of the. i%&C4UB8 COtWt r County v. sellers? And relat8d.mattera.T Hoad and~Bri&w .Uofundiog.Bonds, ed July 1, 1934;
uoty aoad and Bridge HefundIng Bonde, Series 1934-3, dated July 1, 1934; and
Dallae County Vieduot mad and Bridge ?,oiuM- m BOMB, 1935, dated Rovfmber 21, 1935.
Raorable Chas. A. Torch - Pago~ 2
The original bonds issued for road and bridge pur- porea wore vote4 and issued under authority of tho Dallas county Speoiel Road Law, passed by the Logislatum in 1905; The original bonds vo;bd for viaduct road and bridge purposes wor0 voted and im3ued authority kct 0r 1909, authorlz,lng oountiee hovlnF a population of mor8 than to vote Ismae bonds ror tho oonstruotion oau88- p,ooo wys and vladuota;
Neither the Dallas County c3peoial Road Law nor the viaduot law .oontalna any provIsion with r8rOIWOe to the right or the county to redeem any suoh bonds prior to maturity nor are~L$&a provisions of the GensraL Law, relative to oounty bond& adopted by rsrerenoo to tha @aturitias ix options payment of any bonds voted and issued under them statutes;
The orfglnal bonds issued by Da1148 County oontalned $.a the raos themof an option ot rodmiptlon art8r ten years, and-In 1934 ,and 1935 Comm18slonersb Oourt raitided a part or the bonds, and iseued tho Reiundlng Bond8 herelnabovo mn- tioned .
The aald Dallas Oounty Road and Bridge Refunding Bonds, serlos 193&A* dated July 1, 1934 were Issued to refund ~ti@O rouowlng bonds th8xi outstandlngr Brfdg8 Bondb, Series 3, dated Septekber
10, 19ll, whloh were iseiucrd &ndof authority of the Dallas County Speoisl.$Ioad Law (Ghapter /&, gpeoial &ttWS, Twsntp-ninth L8giSltitUr0, 1905); Yladuat Bridge Bonds, Saris8 3, dated Feb-
ruary 10, 19l.4, whioh w@ru issued undor'auth6rity of chapter 16; General Laws, Thirty-first Logisle- .turo, and Road and Bridge Bonds, seriss 6,
.&ate4 August 20, 1918, which wor8 also lsrued under authority ths eaid Dallas county Ypaoial Road Law.
The aaid r)ellas County Road and Bridge RelU&d- ing Bonde, 1934-B dated July 1, 1934, wore issued to retund an equai amount of Road and Bridge Bonda, Series 5, doted January 10, 1917, whioh were also laauad under authority of the Dallas County Gpeolal noad Law;
‘. 61'7 pmorabla Ohm. Tosoh - Page 3 ClOWty YladUOt Brldga ROfUndiWi
The mUa Bondme dated Rovaabar 21, 1935, ware lrsuad to refund the rollawing bonds thaq outstandingr
Visduot and Bridge bonda, Sari48 1, dated Sa$- tambar 10, 1909, wIrioh were issued andor authorfty 0r Chsptor 16, Goners1 Laws, Thlrty4lmt kgld.stura 19.909; Bribe Ban&r, Sarier 2, dalmd $a tom
bar 10, 1909, which WOM also lmuad at L rity the raib Dallas oounty Road law; a&
Yladuot snd Bridge Bands, SbJriar 2, dated 19019 slro +r8uad bander autJkor Lime, Thi?tY-r&M% Allor uidRepAtUmgB6nds aonlmia the &llti* neital:
"¶'hla Band.ir is&d unbar aad in e~ttiat eon- r0xmrLty with the gonrtitutlon lawa 0r the stata 0r r4xa8, partiouutrly Qhaptor 163 0r tbt3aneral law8 parsod. by ‘t&o tortydaoond at tta I Lo&slatPrs, Rogubr aoml@n'in 1931,. ula la tuIPUI0~ of @n or&or bily p8rrad:b# the @amire f onam* Bourt ot Mid tJounty*~ OJmpt@ 163 &2na Xagirliture is knowni~~~$ho "Bond Warrant.&w 19j&,* and the pertinent portion 0r cmld
lay wltbrespeot ts ~rewnoa or retunding bon&r 1~ cs r0uw6: ~sueh~aoipllpisrtonar~~.Court8 &all have right ball time5 to iwuo r4ruWng bonds for the rerunding bond* li&&lAp lsaued~ and o+trrtandirq ,aatu.red any outstandhg etgart on any 18aa4 ~iseuad outstanding bonds, aDDliasbl0 ,tO the.iSa?MInOu Of &!8imding ba%% without the naoessitg.or any not104 right to rarerandlrtaa vote. *
Wow, the ~uastion. arises aa t8 what laws are apple- aabla to the irsuanoa ratuwU.ng bOnQ8. ZI ~rtiolos 720 and 725 dare inoludad in tho~ra~enaa in the,quotation abet6 oitad, w5 WOUU have to hol,d~thst the ,Rarundin$ Beads under oonoidara- tiOn WOUU be zabeatafibJ.e et ,this tima, but We al.4 rali8Ved
‘..I .: 618 gongrablc Chas. Tosoh - Pago 1,
from so-holdti for the reason that in 1937, subsequant to the data. thoae Refunding Bonda, tha ~Lagielatura passed ‘e valid- ating Act, mma being fwnd in Chsptar Aots Forty-rlfth Lagislatura, the pertinent portion of 88988 reading a8 rollowe:
uhll aotlons heretofore takan by Commisslon8rs* courts and by, governing bodlos or Cities and Towns in the authorization, axaoutlon, lasuanoe, and dallvary or euoh funding and refunding bonds’ suoh fmding and refunding urarrants, in attampted ,oamplfanoa with the prorlelons,qf Chapter.163, Aote’of JWgular Sao- sion of the Forty-saoond Laglslatura ara ‘horaby val- ldatad and alL.suah funding snd raftmdlng 8eouritias Issued pursuant to suoh ,aotions are hereby validated . . . . *
In Road Dietriot MO. 2~ vI .Gtagbry, 120 5. W1 ,(2nd) ‘829 (writ refused); chit .ras. ha5d tiiet where the ~OOqIiLb*iQ+rg; Wurt iaa,uad bonds oontalnlng a .dJ$forant .option proli&M ,than that ;set out. in the ala&ion. prOposit,ion‘ and tha...4agko- Zaturo tharbartar validated the- bond? .~a, +a q?doa authoriz- ing their issuanoa, the' validating~ aat had ,tha arreiit OOA- rirmlng tha bonds as thay wera isrqed not as thoy ware Voted.
It is our opl&n that the izim&lAg Bondr, or,Dai- las county issued w&th s&i61 matur%tlds and without option or prior redemption and issued under th? Bond and Warrant hw of 1931, have been' ealldated:aa lamed .a@ are not re- daaautble at-thie tlm without the’ a+i$Uant oi’ tha.holdara.of auah bonda.
. . C. P.~ Gibson Assistant