**OFFICE**

**GROVER SELLERS**  **ITTORNLI QLNLRAL**  **OF THE**  **ATTORNEY GENERAL**  **OF TEXAS**  **AUSTIN**

**,-.--.. i**  iiononblo If.A. tutlron, Comlrrlonor, ‘ -‘ -;-., 

## ..tota ~partlmL.t ot Ballkln4 L --. _ AuCtlC, T8xa8 dear Hr. **Jamirons** 38 I Authori 8nd **loan** a08

**Your reguo8t**  **for an**  **o-$nix** 

### a5ovia subJoot-mttar i8 a8 f

G. I. aila 0 

### vhrthw or o out 

### in the A our state la

~8 tt,erurorc l 

### purt thet both the .ret

arid
8 &i tdWYJ&AiA~ 8R to 

### rhothor Or ($8 **aud.lort aeaoalbtlon8**  raag law

### rstersns under 

### the plan outl.inad

that aa an8urjj

### to our inquiry all1 in VOlT l **OOn8id6ntiOA** Of .WtiOh8 

### 4, 7 md prhaye **xtlolu** 

### 11 ot Chapter **V** 

### ot tau %rs8 !.%nki~ COda and 

### rill lnvolre ieotlon 38 of 

### the **3uildIce** 8nd **:.oan LaW8r**  

### -%e em onolosi~ 

### her~vlth a oo:g of 

### tho bar- ?OOOILWl'8 **iioedjurtwnt** AOt Ot 

### 19w( **tO&@thSr Ritti**  **6** 6op.v of the **SOgillStiXi8** ~rmul@itib under tba ..Ot, 88 

### laede l 

### ~all~blo thtou~.h

t&c **orrfoa** of **tha** 'imturen8 .A%- 

### alclatratix..**!**eontum 

### per annui 

### an6 Sk811b0 i&i oblr in tull hi not



### more then twenty 

### yeare T&r A **rtrator 18**  **authpr** ixed ana diroctcrd **tO@Wanton** 1O8ll8t0 T6kZWl8 8Uby J00t by ttu :a-~ririonnr or tail8

tit& 00 wp0r06 appll

## cat&M M66 b to jWr8O M, tiri, l 8sOObliOti8, 8nd OOPI 

### porntim an&to ~orbrnanta~ 

### rgenoler aa& 

### oarpvratlm8, l 1th.r utate or Yedord.

39Jxcwa ox cot~t;~TIu8 GY HSf% Y&o. 501. (a) Aay rpgI.laatlon **tatabe by**  

### a **ratomn** URdU thin5titi.@ tOr thb &M?@Av Of l GUI tp bU M b6 ta &UilWh88l45

I’b8idbJitial

i&'O~rty O? iJ3

OOMtl-UOt~ a duttulng OA unlaprorbd property omod by 

### him to bc Obou&ud 88 tJ8 

### hoan 8I.y

### be 8JQWOV04.by the A&dd8treWrotVokruu'/;tt8ir8 itho flIla8-



## l (~)thtth8~rO80~Ot8adh~M8r~bo a8bdtO? Wi!witfO? ruohpro&m'ty t0 :~ajW'Oha804 Or OOR8tI'UOkd by bhr ?OkW#’ 

### “(2)that 

### the aoa -qullrd in 8W mMt or t&48 @O,tbara $WOper m tiOIl to th0 VhWUl'8 gFb6- aat end mtiolp8hd Lnoucw rnb 

### l xpu18er; and thet thb Adtut. 

### aad OaxaditioA @t thbs progltty 18 8U0h 88 t0 k rtitabh for hubI6 -8; 

### M4 “(3) that 

### the purohaas prloe 

### pld or t0 b6 paid b-~ thb votuaa t0r ru0h yr0 a?ty 

### or tie con8tNCt OR bOoSt,iJLOhd&. thb va W Or 8hb IA&ii P prOrs& 

### tit, do.8 

### not bleed th. roaaoasbh liOXi2d 

### rrlur thorooi 88 dotoraiao6by propor 

### rpp&liul.
w(b) ay 'a~piioatbn tor the guerantJ ai 

### u loan UCdar thti 

### scotlon t0F the purposcr 

### ot niakla6 ~wepairr 

### alterntlxia, or baprovom2nts in 

### ,orp3yl.ng6e2L?+en& Lo-

### “(2) that0uahproportywlllboWulln **and rewoaebly**  **moomary for**  **tho** 

### l ffloiont end auoo*rerul plrrult of otmh oeoupatioa; ‘(3) that the 

### rblllty aad 

### oxporbao~ of the roter~, and the eoadltlaar m&r rhloh ho pz: aos to pumue weh 

### ooaupotlon a~ 

### moh 

### are l,r reoaoMblolikald~t& all6 Jr ba 

### ruoaoutul b tha jurmlt 

### of ruah oodhpetion~

### “ART. b., H ol t a t m m a1 r rt a ti 

### or b y F eel t a t o



### “Ho otato bank a&f1 pomtlan to beoom lndot)rr r IpIpIt 

### any 

### porooa or 

### mooror in 4 

### otarr vaf I bk t o it ln a n ammnt In l 

### XQ*AO of t#ntpflr* par mat I ) 255 or 

### it4 orglt4 end wrtliUd rurph8. Tho gtmme indebted 

### or ln l

### 4 other rap liable’ ohdl be 00mm0a 

### to lziolude

liability 

### rher or 

### othwslror The l 

### boro llmit&iOA 

### S&Ill IIOt 

### t0 the ~O~CJV&U CdUIWO Of 

### lnd6btsdnooror llab

### “1. LieblllW 08 oaWroor or tar of m

nrohlorbuo&eopoporuBaouo to the beak by $ho @oUta& m Wad %t?!f?i

### qqldltlnt4a~wuraoof&". .2. 

### Xadmb~dm.8 l vl 6oooed



### by bIlla

of axoh 

## or &ref ta 4mm e &fi at l otully oxlrtlng re luor 83 . roeun4 by l 

### Lionupan wdo in tmnoll ri%h ahip p$dzdor bill8 

## of tcl t4 

## ar

ooapereblo lnrtmaontr



### .

boadod 

### wamhouoer & l lrratom ulth rrllmhow or 

### llo

### v8b-e moai tf 

### rttaohod, uhoa the ~eluo al the aoourlty la 

### not P

888 then one 

### hundnd tuaa -fir0 

## par oont &~~.l~of the irdabkdsumm end ‘a b&m hburoat 

### la 8dbqurm.y

b8pna 

### kgakrrt

10011, rlth ia- •U~MOI p~~i0i08 or 00rtifi08t00 

### 0r iru~p08 8tt8~.b od.

6. Bond8 aad M&w b&aLLy 

### l rsakd ewual 

### obll- ~tloae of tho 3tete or Tatro or or My oauety, dty, 

### awlolpmUty er 

### polftla8l mub4Svlefon UurreU 

### l a6 ia

### brbtadm8r Or t&a Wtod 

### Z-tot.8 OS &wrio~ the 

### Z@or~- 

## 8tnwtlan

llaanoo corpemtloa or oblur 

### trul~n~llfj or 

### l 

### geaay of thelirrltiod

~teit.0~ Govexem8xht. 

## "7. my portian

of an indrbt&noar clhiah t&w wtba steter Cotomaeat, tie Reooaotrwtloa PlaaEee 

### corporatl3n or 8~ ot&r lT or 

### inrWnt& or 6h0 unitba 

### ft8t00 

### aotow her rm8mdltlo~ XY ewobto purohaw 

### or ha* uneondltioa8~4Paraatm4 88 60 

### p8y8loot

or both 

### prirmlprl an.4 latorort."

## vw%wnt **vhleh suoh**  **but sowl4** 

**lllJu nn**  **10 0**  **rrt** l4rrsaauoMlhl¶k urbtM'ultkyof8 olp"loM or larrsbsnt shall a04 wwma8a 8 tittloa OS any $anrl pwisiea OS 

## th4 Mmlt*s of us SIta**.



### Tlwro i, also inoorporrtad in this seationa prorlslori as follws:

“d? wt sdrln6 whetha the rdanl savingaand fRon ass&la uas &mist&d la this strk &VO bw2103.0ma WMih ponr w a?& tU80 luws.



### thea 

### tlrlos, 

## l *thorlr~ lar~staeats u .a Le&s !i rovFo$?Z%k E cuwlwlo rnr, 8w l aaae b y th 0 48t h 

### turn l t 

### ltcngtilar

waolea~ .olo

are unwluing haeru, to holdthbt 

### thisla 8 mAid pM&l3nnr xc is In vi&tiion or 

### lirtib II 

### 0r th Cofditution, La the it SOW~~~U~W UI 0rf0rt ix= 

### tha puP0 or 

### the k v slmtureto debgak to the 

### BaclnJqcolw srluMr--e mAher OS ho s%eootln d8l%utmat 

### of the Oorornam--a kBgbl.st11. tun0t1on.~onerablo Ii. A. Juleon 0 pago 11

Wha t l wuntm to 8n **unwarranted** delegatiaa of legl~~lag~wmwym ham been the cubjsot ai f reque nt aonsider8tion by

. Panama Refining Co. v . **Ily8n (U-8.)**  **79 L8w**  Ed. **446,** 16 a leading osme upon the question. It III tbero uldr

g60r also, from the begInnIng of tbe Qovern**memt,** the Congresm b8s aonierred **upon** ueoutlre ottiaer8 the pousr to uke regulatioam, -- 'not **tar the**  **QOTerltment Of**  **their dOp8rtWUtm,**  **but for**  8dm~nimtering tbe laws **whlah** did goram~' **United State**  **T.** 

## Qrhaud, **220 0.**  **S. 606,**  **5171** 66 L8W 

### Ed. **sea, 557;**  81 8. c. 4309 **&ah regU**  **’ l8tiODlS**  **bboen,** 

## indeed, **binding rulem**  **of aOnduat,**  **but they**  **8re** valid only am oubordin8to rulea 8nd rhea found to **be** within the tramwor& of the

Aa to the tr8ammrtrtion **ot** oil **produatlon in**  **em 008s**  **Ot** State **pi~rI!dmsibn, the**  **~Oi~~x ’** **e#~ &&**  dOal8red no polla~, m iiikirno111

e. jatablfsbed no #ud8rd, -aid

-- -i**Tbore** lo **no reaii&memt,**  **no GXiTZoa**  of airauu 8noe~ unctions in rhfah3& tnmjZrtatloa fi & & 8llowM z pr3iiSTGZ. -



## Ohlei **JUstiaO AlOX8nder**  **h88 s8idl** 
**=It** is 8 We~l-O~t8b~iShed @nOiple Of aOllStitutlon81 18T th8t 8ny at8tute or ordiinmae regul8t**ing the**  **aonduot of**  8 **18rful businemm**  **or industry**  8nd **oathorislngr the**  **ma!Itlng or**  **ritbholdlng of**  **liaenrea** or **aerinlts** 80 **the** 

## desianatsd **OffiOi811B** rrbitrarily ahoose, **without met&r**  **forth a** 
,%??lliaenses 8nd **those not**  so entitled, unoonstitution81 and Void." - nailrord Commissioa **T. 8hOll**  **Oil** CO., **161 6.**  **w. (2)**  **1022. (ibRph8sffJ**  **OUre) Chief**  Juetiae Phillips h8s uld:
"A further rlae in **the** erdinanae ie that even with the neaeuary aonwmt of the property owners.

**.**

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