Article 152Sb relating to cor:mrations of a similar na- ture . ';ie have corqared those statutes with the Arkansas Statutes relating to the same kind of aorporation, and we are of the opinion that this oorporation is not organized ror pecuniary profit within the intendment or the provisions or Arti- Qle 1529. The users of' the eleotrioity or other services rendered .by suoh a corporation are all member8 of the eorporatlon. There Is no capital ala&k aud its pnrpose‘ls to serve the people of therura10 olQwnit$ee ulth elBotria1ty or twal- .abl.e them to obtain the neeessarp qpplioa md we 0r aleoftieity, squt~tto onjoythe

Tow rreeond quastiw as tc whethe tidB II mtitladto be &rented a perpit . his Stat0 under.th@ praripiecG~of Wothtithat the X.&&turki ~dedthatstlshacrorporatixan sbmiX& be allowed to.operats ln T-s andwe base our '. op2Jileli upm seotion 7 of oarA&,'krti01~ l!i,gab~ whioh reads a8 foUw8:

hOi &araa wloetrlo *oopora3g.~o* -aball dot be wad -in tIltI oorperaw aim0 ofaeorporationorgani.mdumderthb~ .~ liar6 0r this stats, or authodsed tic.

do'business horeirr, othartbenthoae _ tir~lzedp~nttotbe pnr)isim

0r this Aot.*. le thlnktha~‘thl~ dlsolases an %ntSa-~. tiw 0r the Isgislaturo lo permU a roraien &or- porationtoaom in++Ter;asanBrendertbe eer-, viesa provided ror in our Aot, lf the @rewtanoes merit an entranae.

Your third queqtion as to the fll*g fee to be'charged, by the~Ss~r#&ary of state'6 or- rice for the pen&t to &ah ti'borporstioa, thts department held In a ttimer oplnicm that we tho*t

Hon. Tom I+ Beaahanp, Kay 4, 1939, Page 3 the Legislature intended that our State should exeroise some sort of oontrol over such a for- eign corporation, and for that reason we held that they should secure a permit to do business in Texae. Slnos thia is a foreign oorporaticm to oome into Texas, in our asking perrnlssion opinion, your department should oharge a fiity dollar riling fee lor,thls corporation. Under Article 3914 or our Rewised Civil Statutes rifty dollars Is-the minimum fee prescribed ror a for- eign oorporatlon.

Your rcmbh questloh 1s what r2.33diee ttu or lioewe tax ie to be i?.nnu~u9 assessed~ thin corporaticm. 13aotiuu SO or Artiole 1528b providea that suoh oorporatico shall annually pajf a ten dollar lloowo fee on or before May Igt of eaoh yeax? and ahall be &Wpt from all other oxolse texa.a. They are, therefare, exempt frqm cuxy2'tmuohloetax, butnust payonlytheten .aollw annual llosnrre faa.

u oul? OpiniOn~tho 8Outhne.Bt ~k;snWB Eleetrlo Qooperative Oorparatioa,nheuld be issued .-: a pexmlt to do bmlnew in Tgxaa+~ We believe the

psr0 Q r1fllng~r00 r0r wh t to be fftty dcdarsandtbat Cheyahoul PBcppf watt QlJ.ar annual Uosnee ie8w or before&Say 1st each yaare