opiliion upon tlia iollwln& qu*

reatsd: in. Natf'o

mold br the Uni

tad Civil ‘Statute8 l duty or investing ouund Dollarr bond8 l 8 u e 8utho rlrad fo r invrmtmont of th e Pamnont School JUIM.~

?i!ho olaam of meourltiea autborlroa for intmmtmont of perrrmnent public irea school fund8 16 ioUnd i?~ Artiola 9669 Or Vunoa*r Annotated Civil Statutes which reads as follows: *2 .

Eonoabla Gharloy bokhart, Pago 8

‘Tbm State Board Cc Bducation la 6utborlred end &owarod to lovaat~ the parmanont pub110

.frao 6obool fund6 of tba Stats in bonds or the Unltad States tha Bt6tm of Texea, or any ooun’ty ~haraor , and ha indapandsnt or oomon school road precincts, .dralnage, lrrIgatIon, dlatrlota,

nevl ation and laraa diatrlot6 in this state, ho bonds of inoorpordted oltlea and f and towns, tiona and pledges ga;bll oC the University ot

.* f&deraoorlng ours) The National Defense Bondo a5 to which you inquire oi thm United Statma Oovarnment, and, are l dlraot oblig6tlon lq our oplnlon l uoh.bonda undar the authority therefore, of Art&o10 9669 legally bo pmroheaed em ti intrartment for ',. ;. 1, ; . . *a9 .+=Jw*, "ir .aJompwry ?Qilaed : . . -.

Talimtlug that 'ho ip~olug r8tlar4otorlly amwar your iuqulr7, %a l o

Youra vary truly ," Cl!Nl%AL OF T&AS. "- ' APPlfOVlt~ JVLY‘lB'; 'l?il '.' ATTd&Fi . . . /a/ Orormr Sallua

FIRST ASSISTABT ATTO8mlY fxmnut

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6, rod

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