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Untitled Texas Attorney General Opinion
O-4017
| Tex. Att'y Gen. | Jul 2, 1941
|
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*1 OFFICE OFTHE All-ORNEY GENERALOFTEXAG AUSTIN

Ronorablo Charlay Look&r6 State Treaauwr

AUOilt. Texa8

Attentiont ur.zmllsttrk

De& sir: Oplnlm.Ro. o-i017

Rot whothor mpplmotttal iben- or tntlBt 18 subjoat to tuu tax rtug We In *oh yap

Haaorabls Charloy Loolchart, Pago 2

+d8 or trust8 ft2-0 8poiriiail4 00~0mtd by th0 ir the 8upplmimntal indanturo upder

8tatute. Thu030r0, I8 8eouritr for an obligation - that I8 lr l ooneldiratlon I8 omatod by the Instrumnt - then It 18 8ub- lion Intorut jeotto tax.

The mpplemntal lnduituro reoltefi that the orI&ml lnA.nture of trust use l eouts(l In 1927 to 8ooure bond8 oi tho GItl.8 %rvIO8 01% Oompuy. 10 al-0 not ranlllu with the tom of the erl&al lndontura, but wo gather that oontalnd pm~I8Ion8 oorerlng after-aoqulnd property ad ru+81618r7 prop- utloe of the Oltlor Servioo Oil Oompany. .' '

The 8upplarntal 1udantux-a molterr -that tha Cltlu _ 3oknioo Oil Company propoar to aoquln 8ubbrtant&lLy all or the ospltal 8took ottho Indian Territory Illualuatlng 011 Oompeny, uaaWmreaft8rto ~ooqulre allooithe propertyand u- 8otr of the ;qw, nubjqot to it8 llabllItle8.

& lltomt oontaln8 proTl8lon8 to the &met that u@It. the noto o~'t~'b&lur l oapeq k, the -ty Fnuo Oam- puty OS Rcrr York 18 pal&, .tho Iadlan Oohpaay 18 not to bo dna- e&a Sub8idla# wmpuy a0 that term I8 u88& ln the orlglnel o r any l up plomntal lntlenturm~ that nono of the pro- ln@ntw TIel&ne inthe or%&ul ormx~lanntml lndutturo shall bo if tho Mtior Sorvioo 0 % plloablo to the Indian oompauy~ thet Wmpaiky l o qulre8 8ub8tuxthlXy all the propmty~aud u8ot8 of $#LO fiidlan oompntay, then tit11 the notm 1s pa& nono or 8uoh property or a88ote or lmprovmmt8 8hall bo subjoot to the lieu lnbnturworany 8u,$plomuktfhorato andthatno et~tho’arlginal holdor okbona8 188uea under 8uoh inrtrumont8 8h8ll have 8ny x*18 8J.80 proTlumathatth0 Truetao *hall 01aimt0m. mr 8tamp on aUibondl outrrfg&Ung ho16 unI88wb that they ar8 l ubj00t pzwI8lom8 this 8uppl~mental lnaentuu.

k i&to tror the inrtruaont a8 ioilou8t *3 Honorable Oharloy Lookbart, page 3

qupplomontil chord&, all pmrielonr thereof nlating to a Bub~IbIuy a0npw 8hdl apply Indian, urdtho Oom:.~ shall forthwIth IW&O or omso to bo m&o the pled&o &wquIred br Soo- 20 of Art1010 1x1 or the original Inden- tl0n fur... OM be 844.4 tht this itutr-t 18 SOOUl’itt iOr

an obligation or that a 1100 intOm@t 18 herobf OrUt@d? WO thlah not. It18 am-0 In the nature4 0r a nlearr. 3’hl@ plup- thetarPl of the origInal In- ertyroulildp?obnb~oomewlthln uattur0 but for thi8 lnmwmtt. Thu~roro, 8upplemaaW the orIgInal Indanturo, but,oqtho inbOnturo6oa8nOtaddta other hark&, taku from It. 3.u via r020gh8 yap ICO nepeotfu4 ab vi004 that the 8qpl-ntal MUW?&botWOon tha Citia8~88~ TiO~-o~ &31Sw tithe a&SO 8t&tiOMl &Uk, a 80 rhi8h mu SUbkittOd t0 1u, im Pot SU@jOOt t0 th0 tu 10 Od by 3 ArMolo 70470. WoherowIthntOntthe lrwtrumnttoywa.

. I

Your0 nry t* our80 R. spar&

Case Details

Case Name: Untitled Texas Attorney General Opinion
Court Name: Texas Attorney General Reports
Date Published: Jul 2, 1941
Docket Number: O-4017
Court Abbreviation: Tex. Att'y Gen.
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