l. Does the paymat OS the 1.H out OS 6hbr first JIII’O aooruoO interest on the indl- *3 any ruoh mrohur, ~1. or loan, HothIng oent*laM In thlr rrtlolo ahall pnvea# a iif0 ln8urnnoo oorporatloa rrm mnklng a lmn upon a polior hold therein, bl the bar- ill WOOa Of thr 108rPT. V&M r0m.P Dot 4 perron riolatl 8ny pra*i8lon thoroos. of this artI 8Jmll be flno not &err than “% hun6W nor mom than one thouauid

thre, rollan.” Thr above quote4 artisle of thr Penal Co& war to mMwriw tam Inoovpoxat Ion ‘An A.6 o? lit*, rooidoat ME heelth lamraaao own- ps~A~8 8ad cl*flainu 8uso; and to authoris* ruoh rcqanie8 to traa8a.t bualaoro la tha State 8S kurt to autherin* other lib oom- pander inoorpowted uadot the lmm of other $0 traaa- atit-, Tb r rito rlar l l ooPntolo8 #et budnear in thir (Skta)l to rsgulatr tho buslne,sr of 8uoh ooapanir8~ to dofIn@ the &otlor uih paror of the Ooamiedcimr of ~BU~TMO~ ~6 Bunkfng ata girr to him au- tborlt~ irsur, ru6Jwn4 end rrrcrho perElt8 to 8uoh 00mpmle8 to tmumt bu8iao88 in aad to apply for the appointslent tldr Bkta of l rooeltor for ruoh osspanio8 when they beoom0 I&~re&~ 6OfiBily the mot&d Of (LCI rlltbg at the valor of parsoaal property of aueh oo5ganio8 for purpoer or State, oouaty and rmunioipal taxatloa, W erenptina ruoh 0om~108 SPW an ocoupatlon or gPoom rsoelptr tax; to fix the ritu8 of perroiml propeTtY 0f rttch oamp~a.ion for purpose or taxation; to pepwilt the depoalt of aeourIWr8 in the ofrior or the St&o Tmasumr~ flxin$ vonua *4 krgoP4blO tUUo8 It, r**t8,, -8 b

OS 84tS Md PrOTiding tha luck04 Ud VI Of SOiOS Of ~I%OO88~ Pt'OVidiu ~O~lti.8 for tlOlatiOn OS rho pr~vI~iOn# of thl8 Aot x'e~tiln& all 1aUS la oonfliot hordth# d doolarlw ui emergoaoy.~

Ml610 4823, 70ra0n'S AaYiOtatod ?eXtl# airi &at- UtOS, Z'UdS a# fO11mSI muoh 8OOiOtiO8 ‘mOOpt 88 hOldI rOtld8d, br th P 8 law, Mad #ha11 k

shall bo ~0vorn.d ouapt from all provlsio~ of tho Iaauranoe lEW# of this StatO, not O&f &II ~Ov.rarPOntti roletionr rith ths f&at*, but for rv 0th~ pUX~0s.r HO tiW heroaftrr l M0t.d SW1 l p 4 ~tOt-Ot~;3l3"8 they bo ex~2’esr~ dosigoati 8 rolatln~ to Smtomal boaoflt The enal rtatutes 1 moiotio8 (LIY rtiOlO8 581 t0 58 , ti010~i~8, fOl%On'S k- notate& TO=@ p8Ml m@. Vii. 8tUttUt.S F%@S b# aooiotlor era found in Ohapta 6, itlo smtomal boaotit 78, Vuaoals Anmtatod Tom8 Old1 Btatutu~

It ha8 buti broadly u$d by the Buprem@ dourt that tk0 Tight8 pOWOn spd Oblations Of beEIOf$t WO~Ot~O8 MO &oterriU~ ty rUks# Of hW ~OtiiUil~, if Wt UtiWiTO- If, applioablo to them and the laplltr of their l otioa8 I6 not be tested by ruler whloh apply to or~uL~m~tion8 la purposor girt* v* tloToroI@l camp W.O.W., oomBsroial aa 8. w* 4%

w0 qUOt0 srOM 6 TO%a# ~~~8pNiOn8O~ pUO@ 390 0a.t 391, l fO11OWSl

-10 a rratornal knoflt moiety Is wma- what in the nature OS an lwuraaoo ow Is organlrod and oxlrt8 Upon a basi# tk0 ferent from that of the ordinary 1If0 inr~~~o

‘Ho benarolant as8ooIetlon 18 an In- i~~*aonganf In the ordlnuy aooeptatlon of that term* The rohtlon of orrtifloato hold- r8 - n8 dlrtIa@Iahed from apolIOy kO1darSw - Ir ossontlally mutual and reolprooal~ ltash ~oldrr 18 an laauror of the other oortifleato and of all Others who am nemborh' *5 d ia-

00~~81408 i8 th0 m - 280 wit* IOFOBOO* Th. OAR in rlow 1A l ttalaoa b tho porooutloA or (lirrrront ra, matw, sobJoot io tho l g~r~val ot the home oi’iioo, ror ecltnblirhd prahm reta8, vaw'lry *o- soding to th hams4 Ol tho rlrk, Tho pollor or thr olarr with whloh n l ra awl,- iry $0 to Or&aaiU uid rtablirh inferlo? OOAdUOt+,.kAa pmAiQO& 0~03 by Orfl- iOdi308 OOtOd rPOa It8 AOAbOrOh& tIbD80 00X% 0 i ir 8Olieit ammborr, ma rhow duty it 010OtiOA Nltit8 fA tho ~OSUMOO Or iiuuzC aAo0 ~230108 ror tho ai¶onAt rosorlbod by tho h-8 0r tho odor, apoA t 0 t p5t3At Or daeer, OOrtdA re08 and npro~oat mg the praalum ahargo&@

BPothorhooU of Railway 'bibm0A Ve WOWi, 79

s. W. (26)

mblo t@808 t, that A.d.1.

ft 18 OW OpfAiOtl rn, fWlNXi’8 oOd0, dOO8 Dot l &&WtatOa TOXU POti P&Y lo IrdNMa 8OOiOtiS8 Or their OffiOW8. 4 0 thoraforo a8wor boAOrft APPROVEDJUL 7, 1942 ATTORNEX GliXERAL 06: TEXAS