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

Attentioar Xr. R. J. (Bob) Long
Dew 8lr:

upon the 08pt10aaa rolloue I

nt , 

### lnterprote

the opln.iolt

l e b o - a h iene

or p El sm% un eer ilt*tutee w h 5 lt e IeBv o

**PO** 

### lo amndmnte to 

### ahartere one, meok- 

### to abe- no p **;aLu+gktook** to par ~81~ etoak. 

### The rtternwm 

### of

**ation** rir80tee 

### are contended tht 

### Oplatmr loll II er o-5792 

### doe8

not 8pply

to aorpowtione **0rgbnit0a** 

### under

thegewrrrl uorpor8tion 

### Iltatutee. “we, tamreforo, **roqueet 8[L**  **oplnio?a rrar**  **your depertmeut**  **rdvielmg w**  **ii a**  oorperatlon organieed uncler

### thagonor aorporatioa lere 

### withl 

### toekof ao par 

### value

cw oonvert

its l teak 

### ai no p 

### value alto**etoak** 0r par v8sua. ’

### Oplnlai lo. 0-57pa 

### did

l peelileelly

holdt h8t l 

### liie inew& eorpcy uhoee ebme OS l took we without 

### nomlael er pervelue ouuaot 

### le6ellr

eoavht rueh etoak late etoek 01th 

### nminelor pervelee. Siowvw, 

### in rewhiag thie8onalueion, the 

### l8ue

govornimg

aorpomtiene

ln gene-1 uere aowlbro4 bnd 

### l ppllod, vlth raIuwno* thereto. Sm l tatute rettully 

### roferrod to belm#Artlola 

### lS#!h, Veraen'Armoteted

Civil

&at

### utoe, rhleh made:



### ‘A4 prlwto 

### oar ration far 

### profit, 08hor t;~m8;e tr w.re4 to aoadwt a balIking

%uw l u t h o r l e o d

a he r e u lt h p m orw e 0 vd, or l 

### tithmtW1 or parvelue,o both,wr, byvoto oithoholdo~e 

### ef 6 wjorlt~ 

### ef it8 outetardlag *to& 

### entitled tovotert~uraulYotirrqo~t~go~l meeting 

### wllod uelbaldior the 

### purpoer, amud it8 ohertor 80 a8 to dmafw it8 e&roe OS l twk 

### 81th 

### par oriaer velue,op~eWee oc sUeroe there of, late the came amber or -toa Urger or trllor amber oielmree~rlthou.aamlm~orgnr 

### velol, proWlo thetellWee Jauyau elee* allbe ehmgod oa the em8 brie, or 80 a8 to q it8 ehuweulthout 

### nm&nelo~pIvelw, er~sleee or olaeeoe

therotor 

### (thorwf),

isto a larger

w am8llernumber0reb8roe~lthaataamuwlegu? value provided that all l herqe )a rpf otu elaee **ehllbe** 

### aheagd **orrtho** 

### umebaelas uUrpovlde& further that the pr*ter*ao*e, rQht8, 

### llmitetlaae, 

### plvlleg*e

uwI r**trlatlone F tedorapoeod ulth 

### reepmt to 

### uy ehrre 0 outetmUag l 

### took ebll not 

### k impair.& dlmlaWw6 or abtm@ rlth

### outthe o-eat of the holdor 

### tbwmoi. Uhouovmr a n r l 

### wh aaeadment 

### eWl1 be m4e efieetlvo, l

### ll the eharee withper or iroe 

### mlue oftb cleee er olaene l

peoiilod

lauldundaeate&llbedeeml 

### d for all urpowe to 

### ha*0 ken aoavertod, ea the bee18 in w 

### Ip

d amndmat etated, elwoe 

### vlthout aeminelor

prvelue of the oleee roleeeee epeaiiled 

### end 

### all of the ekeroe wltheut 

### a-1 or p a rv & e o h a n ged

into l l a r ge r or er ll er amber 

### of eharoe

**without** 

### neminel

OR pervelw ebellbe ded r0r l

### ll urpoeoe to bevebeoaaonyorted 

### on thebee18la ea 4

r nmaumnt etato4 into each 

### larger or 

### emller aumber

of l 

### Wo8 ulthd lwmlatl Or 

### pe2,

### velue,,md the **ccrpcratiou** 

### ehell, ln urltlug, notify all holder8 ci eberae of etoek of the oleee w etietae effected (Ufoatad) and l 

### lpqll theroaftec, uhatwvor 

### any certiflacrte for 

### aw l



### wh l

### !nrae

ie preeented

Sor trmufer or uabcsp, 6@ace2 the nmi, 

### md in it8plaao, 

### ieeue, on the 

### baeleln eeld

arandebat 

### etatd, a wu urrtiil8Me, vhloh -11 eoafom to the provleione of Article 

### 1538bhoroot." 

### Thlel 

### rtlole.doee

petlit uotworelon

of par 

### v&u@ l

teak i&o stook OS no pr value. Tho r 0 18 n o l u a h l uthoriutlon to t,hm t o a t r a r y;

that l e,

f or t h a coavoreloa o letook o f m per ~81~8 isto l

teak of per velue. It 18 elemsnte4-y 

### that all thepmbri of l sorpo mtfo a 

### we derlvod 

### rxeluelvel~ from .the Coartltutlan.* l **tatutre.**

sl ma o ther6 18 n o pouor glvi o g l asrposcrtlon th6 right to ooaver t l 

### twk of no pervUuo latel **toek** 

### of pu vaLr#,

ue l 

### gr6e with pDup **dopertmat** ‘ 8~l.ntmpretUl.olz a? our OptgLon Ilo. O-579a.

Weed on tha foregolag, we ukvuor pnr queetlan in th6 neg8tiv*. Vry truly .foure ATTORXRY

oxlmL0?mKA9 ~/gigcdor Robert 0. 

### Kooh

Aeeletmt RoKrdb