**OFFICE OF**  **THE ATTORNEY**  **GENERAL OF**  **TEXAS AUSTIN** 

**‘ i** 

Attmtlom Mr. 1. J. **(Bob)** Loa
Dwr’Slr;

x month8 period granted by the rqv-ioalof the oharter of caid 00rpotiti0n rUrpirh06 8di8r80t0rr ;:::, o? **paymont**of It8 .orpitalrtook to thlr ofrioe namely on Earoh 31, 1944. Tbe oorporatloa a180 tiled 8n ill8tTUR~t, E OOpJ Of whloh i8 at**taohed to**  thi8 **btter,** QrOpO8iU8 t0 **revive .a&** **extend** the **Ohrttrr** ua0r **th8 proririon8**  **or** Arti018



### i318@ud h'tiOl0 

### tilbb **8d &dd**  **th8 r8Quirrd**  **flli~& t80**  ?OE tiliki6 8UOh ill8trUWBt in the 8U8 O? 

### $90.00.

"8. **x8 thi8**  dOQmWt **and** 

### ill0 ***in In8tmmmt**  vita rab rrtend 

### tin. oorporatr 

### 0t **MU** 

### 80rpontioiw

ArtI 1330, V. A. 0, d., OrtablIrher 8 method whereby the oa **8fl4** prorider, i!Ital 8tOOk of 8 oorpontlon uay be Inoreased

nter 81h, **for** the illlag of l orrtltloato of iaorearrr with tb 8eontarg 0f State. ?ollowIag thI8, ArtIO1e 1331 

### pr0r1d.8;

'fXb 0180d thick. b7 tb 

### 8tOOkhOl68r8to Bay the unpalb portion o? an Inorearr oi **rtook** within two par8 ?rrm the dbtr 0r tha tll* or 

### the OM'tifiO8tO Oi'irIOre880 

### ill tbr Ofti O? the Sooretarf of 8trt0, the **obrrtor** 0r ruoh ooapany **8haii b0**  **fOrfOitb6,** 8ad tb 1339 t0 1aa iIlO1U8iV~, 8hal PrOVi8iOn8 Oi ArtiOle8 &OTWlt th8.8aQ8 I8 iB Oa88 Ot t&e o rmtlon or l oorporatlon.~
It will b8 notloed that **under** thlr **Artlola,** talluro to pay the wqaI4 portion oi thr 

### Inoreare18ad8to l tort*Iture of tbs oorporatr ohartor rather tlmanto a 

### m8rofortelturo?f the right to b0 buIfJI888. Ia tbI8 OOmwdI~ ArtiOleC 1339 an6 1340 re8peotlvelr provide:

aIn oase8 ot the tallure to 

### pay the 

### unprld. portion ot orpltal 

### l took, and to make proof thereof to the Secretary of State within two year8 

### tram the data 0t tb tiii ot'the ohartsr, tin obrrter ot euoh oomp&ny 8he1 beoome tortelted. Suoh forfeit-



### 2 ,uro 8hall bo ooarummated wit&cut judlolal asaertainment by the Seoretary ot Eltrtrentering upon,the 

### ',margin Of theele4Qer kept 

### la hi8 orrio rela+s to 8uoh oorporation8 the **worb,** *torteltsd,~ giving the date **snd** rOraon thoretor.*. ~. v,‘.”

: .~,.

... JiOi.

born $jXdney.&tbm, Page 3 :

"The Seorotar7 of State 8hrll notify 8uah aorpor8.tlon

br nmlllng to the po8tottIor n8med a8 it8 **Oth8r p** Prlnolpal 

### plaoe otbtulne88, **or to**  **any**

l**O@** Of bU8irr888



### Ofuoh OOX!$KW8tiOn, **86dnrre6** In It8 **oorpomto** IUY, 8 w'rlttraor
P**rinted 8htOmbUt**  **Of** tk dat. **ad** trot **of** 8u8h ortolturo. A noora of 

### th0 48te and trot 

### of 

### 8uohnot%08 8hhrsl bo **kept** by 8UOh oftIo8r.W
.Wlthn8pOt to th8 revIv81 a? Obarter8 whloh hrw forfeited **ia thi8**  manner, A&i0148 1341 **and** 134s **rerrpeot** IV81~ provrao; -

who88"The rtdokholderr o? 8ny swh oorpaatlon Oh8rter h88 been 80 forfeited, rho ah811 wIthIn **rir InOnth8**  tromthn date of suoh torteltur8 and not thrreattor, pay la full the unpaid OaQital Of 8uOh OOmpany 8nd turnirh to tb **Seorbtary** of 8tate 

### proof of ruoh fiat a8 required horein, 8&l in 8ddItlon rhall pay the Seoretary of 8tato a8 tear belong& to hi8 ottioe, the 8~5 **of** five dollar8 **por** month for 88oh month and traotlooal part t&reef betwren ths date of tortelture and settlement, eh8ll be rellsved from wah tortelture ; **and** aaid ottioer 8h8llwrits on the **margin** 

### of eald ledgar tbrword 'revived,* giving th8 date th8r8Ot." (Xmphaele **added)**
-It the rtookholdora tail to Oau8e the oharter power8 o? 8&U oorpontion to be revived, the atfair8 

### of euoh oorapauyshall be admlnl8terad and 

### wOUh6 up a8 On di8801Ut1011.g
Likewire, Artiolo 1387 provide8 in part **a8** tOllOW8:
"A oorporatibn 18 direolved:
"

. . . . '3. Br tortslture of it@ ohartar wlthout judlolal aaoertilrsent under any rpeoial **provi8ion** of law

. . .*BOB, aianey **Latham, Page**  **4 ‘** 

The ?allUrr to 8ak@ 

### a timely payaent of the un portion of tk oapltal rtook of th8 oorpontlon in 8utomtIoal1y forfeited tlteoorporrte ohartor. qu88t t%O8ktUtO8 QSovida but On. IOU&I oi rotiti~ l ohrrtrr 86 torfoited--br maklu the Q8 **8Olrth8** trO8 t c **eat** 8rd 

### tund8hin& prqqt Ot 8llDIdthin 81~

date of tori*lturo. i&TOOVOr, th. 8titUtO8 **prorid.** that uah myment md pl'OOi M8t bo mad. within 8UOh period 'and not thoroattor.* root 3% iartant oorpontlon 

### tii0a

s8ibd of pay8ent 

### aftor thb 

### l xglration Of thi8 plS'Iod, **end** thu8 to avrik it8Olt. of tho OBO mthod **for n+iViBjJ**  it8 ohartrr. OOB8OqUOBtly, we 

### are oamp43llad.tooti00iua0

### that tbr oorporntlon ha8 **born ?iB~lf**  di88OlT8d ud thrt it8 OhrrtW OalinOt**bo** FIrived **by** your 

### l

oorptw ad ill iag th8 proof of tine1 'payment, Your tirrt quertlon 18 

### 8n8woreain the nrgatIv8.

fr om reOOr&e

in your

O??iOe

110 baVS l**8OertRiBOd** that the OOlFQOZ'8tiOB

in qU@8tiOB -8 OtmrtOr@a OB AU&U& 17, 1937, for 8 pri0a or fifty ynar8. The 8tookholdbrr of tho oorpontlon have now parred 

### a rrrolution 

### l 8klBg tlmt thr olmrter be mr8iB8tated” iOr 

### a QOriOd Of twenty-fir0 yeRr8. They **are 8abk**  

### Ing to 

### Bar0 fou approvemd tile thlr rerolutlon on&or the prol181OM Of fitiOlb8 1318(a) and lTilS(b).. Theo@ Arti re8peotiteiy prPvia0t

WSUbjeOf t0 (Lfin&in by,the SeOWX~ Of atate 88~horalnarter provt dOa, my prlvata **oor** poratlon organized or **inUOTQOT?It8&** 

### for any purpose or purpose8 

### l

uthorired under third Title, at 8ny **the** withIB ten (10) year8 prior t0 tho 

### l Xpir8tiOn of It8 

### otnrtor, or any ertenelon thereof, may extend 8uoh oharter and the oorporate sxlstenoe of rruoh oorporatlon for an addltIonal period of not to ezorea fifty (so) ye*ra tru the 

### l rpIntIon **date** oi the original ohartbr, or any erteorrloathereof, with all th8 piViiOgO8, power*, Immunities, right **of** 8uooaO8ion by it8 ootporate OW, end right8 Of property, real and per8ona1, bxerolsed and hrld by it et nuoh 

### l

xpiretioo date to the 8UEe intent8 IMd purpo8er a8 upon original InoorporrtIoo. Thr manner of extending any euoh ohartor &all bo by 

### a resOlUtlon in writing, 

### l aoptOa at any annual or spsolal moetlng of rtookholder8 oslled ior that pWQo8e by stockholder8 holdlug a majority of the share8 o?..,” ;.

.: ,

. .

,, ‘i .,

y, I

,,.~. .,.

H&n. gldney Lathan, Fag8 8 :

I~

.~

oeplkl rtook of ruoh oorporatloB tlnn out-. rktiding, 8uoh rO8OhltiOB to 8pOOity the period or tIs8 **for** whloh the olmrter I8 

### l xtonaea,

8Bd a OOpr d 8uOh rO8OlUtiOB, duly OOrtitkd by the reoretary of the oorporatlfm, **under** the oorporetr 8e81, 8br11 be ?ihd U& 

### rooorded in th8 OttlO. of the Seoret8ry of Bkto. Upon t&e baoptioa ot 8uOh z8rolutIOn **and** thr filing of .8oortltled oopy themof with thb Brorrtary **of** State, to ether with payment of tlm SIlIng fee berein pnror hod, f the 

### ohrrtor rnd 8orpomto exIrteno8 of 8laohoorporatlon may be extended for th8 additional prrlod of time teOited iB 8IMh XX48OiUtlOn; ThO

### filing tOa t0 b8 mid tee any ruoh srtonslon of 8 .oh8rterrb.11 bo ruoh Se8 a8 raid oorpor8tion would be required under 

### thn statute8 of To~ar to pay in the event It w88 then applying ior a new charter ln8tead of extsndlng It8 th8n exlrtlng oh8rter;
"Suoh 8Xt~UliOll8, how8vbr, my bo made OBlJ in iB8t8BO.8 where the Seorota1 of meta mhall here tamd, after 

### prosa lave8t gation, that l uoh 

### oor.porrtIoB

18 8OlV8Bt

l ul it8 oapltel un%mp8Ired.= 

### nTheprovl8lon8 of

### Artlolr 1318(a) shall l mna to l

Bd lnoluae all private oorporatlonr inoorporrted under th8 gsnonl law8 of Texa8. Th8 prloa of ten (10) year8 prior to tb 

### l xplratlon of th8 oherter or an to IB Art10k l516(a T extmrlon thereof **referred** 8hall lnoludr th8 p8rioa of time during *ioh 8uoh OOrQOl73tiOB lu haV0 OODtinuea it8 existsooe und8r the provirion8 of Art1010 1589 of the Revised Oivll Statute8 of 1935." Artlair 1389, referred to 

### In ArtIolr~l31S(b), provider In part a8 tollow8:

"The existence of every corporation my be oontinuea toz ttirreys8rs after It8 dI88olutIon from whatever oauee,~ ?or the purpose of enabling **those chfirgea**  **with** the **duty, to**  nettle up it8 ettalr8

. . . *. “--



### 849 ”

**PI008** 

### Riwr 

### 8. 1sa8.1. **5OF!, Im**  

### flower,,**et 81.**  **9.** 

### rarerred

**on 0th.r**  **~OUd8, 154**  **8. R.**  **(II&)** 

### co., (sill) **340,** tha **AUntin** Court 

### ofCivilAppeal8ox ArtIolr@tslfJ(a)

8Bd&15 b)

**P**

### ldn8d thepargoroofthe l 

### 8otmnt of **a8** tO~OW8: **r$O8.** tOr



### tbb l **OrOtwSt**


### Wm 

### r8aml 

### or l



### xtrnrloaof ohbrtrrr 

### of prI+rt* oorgmrtIon8 

### organlredllader 

### Tit10 62orMar (rOBOMl **18W8, bOOrU8.**  

### JWiOr t0 th.mOt808t Of Hid l 

### rtiOle8ID 1939a0 Itatut,**by 8plOifiO**  

### 18ngwr)o rorldod ta tin ream81 

### or l xten8Ion 

### of 8 crha

r?or of l 

### prlrrtroorporationInoorperoted una0r Tit10 38 or under gemral law8. 

### Thobaorg4noy **018~888 8pooli1o811~**  reoitea tht the purpo80 oi the **1937** 8Ot8 (Artr. **1318(a)** 

### sodX+15(b) **We8** to 

### provIa **for** the 

### rwmf.alor 

### rrtenrlonof oinrtbra of *pr$vatr oorporatloa8~ **Ord8BiZ4d under**  

### Tit10 38 or under 

### the8en8ml law8) ma 

### tb 

### protirlan for 

### thapayale&of 

### t111ngto88 

### tarthe

### rmonl or l 

### xtenrlon

of thr l**8** pSOVidO4 **by** hta. 

### aerrly**iBOidm61** 

### to renewor 

### oxtrodthek oharter8, ruin 

### purporeof the **8tid 4Ot8.** 

**. .**  **.a ,** 

It I8 ~181~ 

### wo feel,thatthorr Art10lw only provide 

### a method wherrby th8 

### &th 

### of a obrrterm8y **bo** 

### rxt8ded 

### or wherrb 

### it8 tLb O&Ark? Uy **be** r8BeWbd 

### UQOB tb 

### l XQirrtiOn 

### Of tb pri0d ct **0 8tmId**  **in** 

### tk8 **ohartbr,** ***Db** 

### tht thry a0 **eat purport**  

### to protiao l **man8** 

### whereb **ha8** been **tOI-? I**  

### a oharter m **bo** 

### revlred

### ormr81n8t~todm afterIt **tOd.** stated **i**

### irfrrrntly, there**ArtiOh8** potid **8 ImKl8**  **Of** 

### extrndi~ the Iif@ Of 

### 8 .OorpOZ'RtiOn beyond 

### the tiru 8ktad 

### in it8 

### Oblrter, &At 

### thw in no 

### rat rttord **8M** rxtenrion

### wham the **oorpont8** 

### 1Ur **h8 born**  **Out 8hOrt**  by tb@ **di88OiUtiOa O?**  

### the OOF- 

### :&?;a~ priorto th8

### l xplratlon 

### or

the tlmo**8QOOified** 

### la It8



### . The **oOrpOntiOB iB**  

### QU@8tiOB**b8 boon**  di88OiVOd. 

### By **virtue** of Artiole 1389, it 

### retrinr 8 

### limIted oorponte 

### l xi8tenO0, 

### ;;iruoh exl8tenae 18 only 

### for th8 Furpoee 

### of Winding up it8 at**Tha dl88olutlon**  **18 thm**  **rmult** or th8 rtatutory foHeItur8 OS tb; OOrpOmtiOB’8 charter xnthsr thn **thr reaUlt**  **Of th@** Hoa, sian0r Latham, Pago 7

expiration of tbs abarter. In cluoba rituatioa, Article8 1315(a) and 1315(b) oaa arrora a0 da. C0nrrquently, your **mood quertion**  **is** rho ansrared in tba negative.

**Trusting that**  **the roregoing**  **fully** 

### answer8 **your lnqulrles,**  **we are** 
**Youra very**  **truly**
ATTORXEY GZNERAL OF TXAIAS

Ry 32 (i-L&IR. Dean gCoorhead

**Assistant**