## 6.59

OFFICE OF **THE** 

### ATTORNEY GENERAL OF TEXAS AUBTtN

Eon. Charleg Iaakhart State 

### Treasurer Jwtln, T8xar

Dear f3lta

Your questlana read a&i

rusym8t ao

r to question 1 ir in the 

### State ‘treasurer taulta OS the &ate Treato Seation 6 of Denote Pill fra.X55, glslature, whlaln&&set out in Vernon’s 

### Statute8

mtlerArtdole5088-l and Eeotlon artiole reads a8 tollowot

Vaoh 

### aseoeietion,

not already requirad by trl8tlng **law8 to**  

### do **80, rhafl**  **plaoe** with 

### the Sate T’reasurar through the &ml of Incurante Comlrsioners a deposit equal to the largest rfek aerwetd on any 

### onellts or pmvson, whloh

## 660

Hen. Charlay 'Uolchart, Page I!



### mjrbt in oarh or 

### Intcm+trfIblt 8eOUritit8 

### aubjtot tol ppmval by the Board. Suth de-. po8it 8htll 

### be liable 

### forthe payment of all 

### judpientr

against the a8800IetlOn,

### ana rub**jtat to**  

### gornlnhaent efttr tlnal~



### ju4mmnta 

### agalnttthe 

### a88ooirticn.WJtea ruoh deposit beoote8 lmpouadwl or dtpletrd it 8hallat 

### once bo repltaIaht4 by 

### thec88aaIbtioa, and If aot repltaIshed lmmdIately on denmU br 

### theBomb, the asroolatlaa z?ay bt rtt;arded a6 Insolvent and dealt nith am hsrtlaafter 

### provI0sd.

Vhekn any asaoolatlon rhf~ll desire to state la advsrtlsemnta, letters, literatuw
or othtmI8e, that it hae made a dtposlt kith the Rae-a a8 rtgulrad by Ian, It must alao 8tett 

### In full the pu~.oso OS the deposit, the aondltloas 

### under

nhioh it *8 mde, and the txaot amount and oharaotsr thereot.w

Artlolt 4388, Vernon’8 CItIl Gtatutss, 

### read8 a8 tollanst

Vht Stett Trtasurbr rhall rtooirt daily frm the 

### headof eaoh 

### Dtpartawt, l aoh of whoso .I8 speatfloally abarged with the duty **of** amUng smb dally, a dbtalled llrt of all pmnaam renlttine money the ntatur of rhtoh Is **uudtttmlntd** 

### oruhlohI8 

### araltbgthe 

### tfar when 

### It oaa flaally be takoa lnta 

### thb?reasurr, 

### together

riththe l



### otml rtmlttanobr

### uhiah **the Treasurer**  shalloaoh and plaoo in hi.6 vaults 

### or in 

### legally authorlsed

dtpoaltoxy banks, If the motsrlty 

### l rIao8. Tk6 report fraatht General land Cfflot'8halli5aludo all 

### mentp

tor lnttre8t. prlaoipal an4 lea868 of school, univbrsity arylua and othbr laad8. & deposit Ceaelpt rhail be Isrutd by the Camptroller for the 

### dally totalof euohremittaaoes f&Trcgt,p
c rtnmnt# and the oashlor of the

partmeat 8hall kerp a bash book, to bb oallrd ~8uapenre aarh book,* la 

### rhiohto eater thsrr'dsposit reotipt8, and any othtrt

## 6

**Hon.** Charlop Lbakhart, hgt 8

ISSUCd for oash ZWOsIvtd forwhloh no 

### dOpOSIt warrants oaa be 108utd, or when their Istutnat 18 delayed. As 8001168 the status of aonoy so plaotd nlth the tieasurer on a dtpoalt rt**a8iSt** 

### la **aetrnlnod it**  Sk11 bt trasmfbrrbd irOn the sucptn8o **aooount by**  plaoiag the **Ror** 

### tloaof 

### It **btloaglng to**  the State in tho 

### Areaau- by the Inau8noe of a **depotit warrant,**  **and** the pert found not to b:!loneto the State shall be refuadod. Khan deposit warrants are Iaaued, they shall 

### be tBtert4 in this sash book, as well (18.

any rtfuada, and the **bslantt** Shell rtpreaeat 

### thea-gate of *he .ittRS8til.lin smptnat. l;eruid8 **shell** 

### beroadt

ina manor 

### aiallar

to that In present **use,** oxotpt that stoaratt 

### series

of warrtats shall bo 

### wbd for making 8u0h rtfWd8, t0 be Otlled 'rbfwd wtrrat&B, and **SUOh W8lTantS**  Sba11 be written md slgamd by the Ccmptrellor and **oountor8ignbd** by tbr??'reasurer

and ohargod e@aimt thb **su8pomb funds**  to whlah they applE* Buth wavaats shdll then bo returned to the a&qtroller and de-. 1lvertd.

by 

### hlnto the person 

### o.ntItlbd to rewire thtn.*

&Ids 

### thatsro plaatd In the "8uepen81on l ooonnt* of the 

### StRtbl'roasury by steto offIoIala aotiag 

### waler Artlolo 4388, rupra, oaa only be **drag** 

## oator 

### maldaoaount when ma In the manner pmeorlbtd by said artlalo. Thfzt18, as soon as the status of 

### oont **so** plaaed **18** dctsmlaod, when It l hnll **be f~nSf~I?Od,**  

### Ifbe **I State**  Masurf 

### onslagtothe

### State, by dopOSit **lathe** and If rouad not to belong **to** the &ate to **be** rtiundod. fn 

### titheroaae th8 method **18 by**  warrant Signed **by** the Cozptroller rnd oounttrslsmd by the State **lltarurpr.** The artlolo IS 

## l

%pliOlt In **rbqUiriag** the **tmnsfer to**  **be** 

### mad0
**as SOOn**  **a8** the 

## status **of** the ueaty **is detonainod**  and not **be tom.**  Clearly the word w8tttu8a Inolud88 rvery osaontIal ?aot to its pmpor dlspo8ItIOn, fra3 the rltwpoint oi 

### the State tieaeuror, Its 

### thtaOuatOdiaa. ff it Should belong to 

### theState 

### It must be deposited 

### Intho Tressury by mOen8 of a dopoalt **warrant.** If It does not btloqq to the &&to It oust be rafuaded by mmns of a 

### refund WsrTant. AlSo ate the easta of Daniel, at al ~8. !3Iohareok, 

## et al, 118 t3W2nd. 9S61 Ex ?nrtt Stephens, 94 SWS87.

## 66:

Hoa. Charley Xookhart, Page 4

mt dOpOSit **I!3tdb Udtz**  **%OtiOn 6**  **Of ktiOi0**  8068-1, **N9r#l, $8**  **iOr** the 

### prOttOth of the pub110 @xiorally, and swh dtpOSit8 ara lIablo for the payment of all the judf5rentr against the aasoolatlona,and sujsot to gamlahuont'after final judgment agaiast the asaoola

### t1oA. 'Iht

dtpo8ili8

or no pert of thou ba10~g to the State but are plaoed 

### IntheState Treasury **by** virtue 

### of ktiolo 

### sOa%-1latruet as a apboial fund for the pur9OWS Met **Out** b lMI6 Statute.

Artlolt 4374, VorAoa*s 

### CItIlStatutes, roads **a8** fOlbW8:


### 'AllrtOAty8

### reotIvod by the Treasurer ahall be 

### keptIn 

### t!lo SaibS aAd laultr of the 

### Treasury~ and the Treasurer ahall not keep
or rooslvo into the 

### bull&IA& safer or lau1tr 

### of theTreasury 

### tnyaonty,or 

### there of Bcaey, bolongIAg to aAy indi~id~ r 

### osontttlrt oxoept in 06808 4X9MI81y 9rOVIdtd for **by hU)**  **nOr** Shall aald Trcamrer appropriate to his Own usa, or lend, sell or oxoha~do any r"oAey,

### or the rbprbSOAtetiVt of monry, In 

### hi8**ousto4y oz**  

### control an **auoh**

### l’maaurbr.*

Yau art reaptotfully advioed that your first 

### qUMt:OA 

### shotid**be** 

### answerediatheM@itiro and it it **SO amwerbd.** 

IOU lrb further adrtbtd 

### thattuth fUnd8 Shtu bt dtp08ittd in the &ate Troaaury 

### In a spoolal fund **ior** the **9ur90808** ptatidtd in Eeoti0.n6 oi Artlola 806tW, aad that suoh f-8 shall be~kapt or 

### roZMiIn la the vault of the State Treasury.

TrustlAg that 

### thefortgOing fully En8wora ycur 

### lnquly,

we 

### teamlo

**fOUl ’** **8** Ytw tr\lly