OFFICE OF THE ATTORNEY GENERAL OF TEXAS 

AUSTIN 

loaorablo Ooorm 1. Ibrppard 

Compt~ollar of mbllo Aaoouuta 

Alutlo, Texar 

Dwr 8lr1 

firn, or corporaBankM or the 8tats of T0x88, rho purrws ths 

burlarm of tinding moaoy, puro&rlw ux.arl,s au 

taklo(l for seaurlt$ for ihi pnynnt Of swh loans 

a nd inta r er t thereon a n l r slq r unt 0r ua g o s or a ssignmat of rqgor vlth ?ovrr oi Attorney to oolleot the maam or other order for unpaid ohattol 

mortgage or bill of sala upou household or kitchen 

fui’olture. ’ ~Emph8sis added) 

“OCn”“~~” .-.-,- I . _^ __ -^I --_..__ ._ --_._-.._..-.. --...._. .._ .-__- ..-_ -.. -..- _.. 
iionorabls Oaorge 1. Slnppard, pago 2 

Thm l mphao1o.d portion of tb forogol~ itatute 

voo lnoortod by aa wnduat of the 49th &glaIature, 1945, 

boio( Choptor 195, Seotlon 1, Aots 49th La(;lolaturo, Pam 

266, l rfoatlTo not 11, 1915, thuo Ohrrglo(( the r0rvr doflnltion of a haa broker bt the l ulurioa thorofra of ‘a louIleg Iaotltutloa oubjut to ouporrlolofi o? l zruiaatloa b 

-putmoat of &a&l- of the Itats of TOUS. Arttiolo i 

the 

169, 

hod boon oonrtruod prior to ltr emoadmoat la tho 

bubdlrloloa 48, Artlole lJO2, Ravlood Civil IStatutoo, IO 00 f0110~0$ 

'To l o o mulo tl e ad lmd money without bmk11lg or dlooouatl~ prirllrgeo.@’ 

8abdivIoloa 19, Artlola 1308, lo l o lollmor 

vor ear oao CP wro of the r0110v1ag glppoooor To uotmmulote and leql WWJ, pwohoeo, 

wll aad deal in uotoo, boado end rouritioo but 

without boaklw oad dlooountl& privll~~eo~ ia 

act 00 truotso under any lawful srpross trust ourimlttod to them by aoatrut rml am agent for the 

porfomanoe o f l ny lawful sot." 

bubd1r1010n 50, Artiole 1302, 10 00 f011or81 

@To ouboorlbo for, purohooe, lnrort la, hold, 

own, l ostgn, pledge aad othervim deal 1~ and dlspose of shares of oapltal l twk , bonds, mortgogos, 

dobontureo, notoo and other seourltlos,olllgotlons, oontracts and srldenccs of indebtedness 

of foreign or dosestic corporations sot competing 

with oath other in the same line OS business; provided the potters and authority herein coafsrred 

shall in no vay affect l q provlsloa of the antltrust laws of this State. 

Article 1gojb, v.fi.c.a., 1325, (Chapter 275, Aotr 

40th bgislaturr, lYii'7, pago 414) is OS fOllOWSr 

*A prlvatc oorporation ma7 be formed iOr aa7 

one or 8orO of tho f011091llg purpomeo, v1thout 

b a nk inor g msurowo rlrilops: to l couulato 

l od lore motmp; to SO P 1 end deal in notes, bonds 

and seourltirsl to act as Trustre under 8og lsvful express trust committed tf, it by cmtrsct or 
c 708 

Sonoroblo Ooorgo H. 8hoppard, wgo 3 

~111, or under l ppolnt8oat OS say moue horing 

jurlrdlotloa of the oubjoot mottor, and so l g a nt 

for tho porfomonoo of my lovful mot 1 to ouboorlbo for, purohoe, lavoot In, hold, 010, ooalga, pledgo aad othervlw deli la oad dlopooo 

of ohoroo oi oapiul l tooko, boodo, wrtgagmo, 

dobmtroo, notoo oad other uourltlro or obllwtloao, oontruto aad l r ldo a ooo of Iadobtodmooo 

of forolgn or dmootlo oaporotlono aot empetlng with l uh othor la tho ouo 111~ of buoInooo~ 

to borrow BO~UJ or loouo doboatwoo for oarryla# 

out onf or 011 purposes &ova l nworotod. Provided thbt tho povrr ad authority horalu ooniorrrd -11 

010R0 of tho 

Artiolo 

love I 

10~ no r*r a??eot ur~~o? tho porlanti-trust laro of this l toto.” 

152ha, V.A.OA., 1925, IO 1u port 00 folso. 1. This Aot -11 ubruo oorporotlono horotofore oroot~d horlag for tholr purpore or purposes any OF all of the povoro nov 

l uthorloed lo bubdl~lolono 48, 49 or 50 of Artlola 

1502, Revised Clvll Statutes of %x80, lY25, and 

herrtoforo or horoaftar croatod harlag la rho18 

or in port any purpooo or purpoooo nov outhorlood in Choptrr 275, Sonata El11 gukr 232 of 

the Oonorol and Spoolal Uro of Uw Rogulor SOSolon of the 40th tiglslaturo. . . . 

“sea. 2. The Buiklq Coamloslonor of Texas 

shall examins or cause to be examined such corporations oonuall~ or ofteuer lf hs dsrms it necosoary. . . . 

“sec. 10. Ths provlsloas of this Act shall 

apply to forclga corporations vho have hsretofors 

been granted permlsslon to do businsss Ln Texas 

and rho ma7 hrrraftsr be granted psrmisslon to do 

buolnoss ln Tour and having am tholr purposr or 

purposes soy part OS the provlolons sst out In 

sootion On8 or this Act. ltvor~ forolgn oorporation ha+lng such a permit to do buslnsss Ln thls 
Eonarable Oaorge II. Shopped, page 4 

Stat. ohall be oubJ.ot to tha l rulaatloo of the 

Ronking Ca8.loolonor of Tons lo tho oam wnner 

l a d under tho oou terms old OODdltlOOO am oxulnotloa of dawotlo ooqmrotIono. . . . ’ 

By tho tons of the forogolag laglolotlro oruotunto 8nd portloulorl~ tho 1945 anndwnt to &tlola 61654, 

mupro, both draeotlo mad forolga oorporatlooo lnooroporotod 

uador oubdlrloIono 58, 49 mad 50, Artlolo 1302, R.C,b., 1925, 

and Arttolo 1303, V.A.C.ll., l925, arm sub rot to oxaminotlon by thr Doportwnt of Bmuklag of the 8 i 8to of Toxoo, 8nd 

honoo do not oome vlthln the deflnltlon of loma broker am 

dofined lo Art1010 6165a, V.&.C.b., 1925. 

buoh oorporotlono ora therefora not l ubJoot to oar 

of tha lava o?toxao govornlng looa brokers md pmtloulmly 

Artiolo 6169, (aootieao 2 to 8, ma.) V.A.C.~., aad o&bdIrloIon 14, Artlole 7047, ItAb., 1925, mad tho oaouor to 

your qu00t1on 10, “SO.” 

““~hOZ

.oolstont 

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