C HonorableBet **E-Sadler,** P%;e **#a**

of aaid County after thet doto eud,.within throo yoaro thawafter, to-wit, Intho ye1931, t&orohad aaoumutted enothar group or outatandIllg

sorlpwarrants In tho total auloont of 966,M5.66. On the lSth day of -oh, 1931, the CaPPaiaaIonera~ **Court** of Iird

River Count7 issued mother rorles of warrants called ~Oenorel Fund- mndlng karranta, 3arIoa lQSl,*payable out of tho QaruralE'und of said County tn thb amouut of $SS,S4S.86,l

uah 

### rarmnts being dated Marei+ 15, lQS1,payable to boaror, In donaalrutlona of +l,OOC oroh, oxcopt Warrant Ho. 1 In tha amount oS W45.66, bearing lnkrert 

### at the rote of 6 per oont, **payabla** aed-annually, math ru-rantsbao~ due iru?eh 15, lQJQ, md annual17thm’uftor on Maroh,lSth6-h pear to and Imludlng the you 1947, at that tlmm 6 

### oont8 of th~.Oaner8lF\ud T8% lorj ma r8t &sIde to pa ~'tb~lnkr*at and o redie l dnltlng fwwl to Pwt is 

## ptpcrlpal Or.

raid warrant8

at 

## m8turItJI. %uriag 8llthLa tip, mkd Sor man7 yeas-8 prior

"Aftu the Iasuutou of tha Wermral ku% - &WAdi~ hX'FW&8, &F?ieO lQSl', th4 **rOVO~U88 Of**  tho 6onere1Puad IO11 far rhort at t&o uroullt **neo88-** oar7 

### to pay thegeneral opardang expana+a **or** 

### tha Count7;and, 

## by the-year 1938, there had aocumulated a total aaeunt e& eutatandlagsoripwerrata, In addition to the formgoIng funding warranta,Bf *ppox.iJMto1y ~197,COo.w. !Rmni aerlp warrantaware Issued **dUring thO**  **ye&~& ‘** **8** 1939, 1933, 1894,.1986ORd 19wa Bi.nca the 7eer 1936, by mmaa of using the Permauant Xmpr6rem8nt

h+d to pay general oporrtlngoxpenaoa of th# **GOUllty, &**  **8StMll pop?tiOll**  **Of th#OO**  **8arip WrrzlOlltO**  have bun peld. mat of those xttich 

### were paid were warrants $Iven for intorcat on the other warrentoe In 1988, tlm CoJWIa6lotlarc * Court of Had.fUverCounty Iasuod some warrants, ahIoh they called *Gonorali%nd - FundingWnrranta, Serlea 1@$8,* la the totel emount of ~10,088.31,in denoainatlonaof ~l,WO.OO each,Honorable Pat beadle, page f3

swept IUrrant No. 1 in ths mount of $l,OsS.Jl, all of which were dated +-IL l,, 193Q,payable **89 yQIV.rS**  **fPO8I d&t&,**  **or et**  **eX2y i.Zit8rOOt**  **~pyb.Ig** &te and boarIng interest et the rata @f 8 pr oant per annum, payable annually. At the tip, of tb iOO U&EUW **Of 88id**  l

lT8nt8,

On0 OOI%t Of tha Qmaral jmuXlovy was set eaide,to pay the lnteromt **and orerib**  **8** sinking **fund to**  pw auob wnrrnntn. This ration, togetherwith the payment of l

ou of th a

c rlprnrruata,reduosd

### tin sorip **tamant indobtrdnaaa**  to the sum of $U?,esO~.@6,~

whlah lo still out~tandlnglnaddltlen te all~of the above doscribed SupdIngwarrants. l %e **omtwued** vnl wtion of the t&x p rep&i **in Ued**  **WIyer** Couutp, **+l9ua8,** alnee the 7*u 1 I8 &mum la the follorrlag table:

$w,01v,470.00 ls*mm,m?O.oo U#Bl1,4&@.00 u2,17$,47@.00 ll,OlM,64o.W **io,ma,oio.oo 10,J1qt8o.00**  10,819*s10.00 10,ltM,410.00 10,sW7,300.00 10,087,200.00 9,994,QOO.OO •Durlng~lltlx+an yeara,baar inotlndthatthe **tot&l 86**  **oents Oenor&**  **3'und** levy **~4x8** 

## beingaade, USm8OOd ud aollcwkd$ and tho tot81 OparrtIng oxpnxuu loah you wore far in axeeaa of th amount oollmated**far** the Goneralhand Srom all aoureea. I do not hnve the figures -ovail&ble showing the oellaotfonaprior to 19X5: **but I**  **do have**  the **Pig** UPas showing the oollaotlocaalma that date, which are shown In the following tablcl:P roX'&hle Pot i?eadle,

page #4

**%n moordo**  8how the gamril OpWPting expendItiara8

ror 

### current

operatingeqwafna alme tha per 19Sl **a8 followor** 

*It can rudlly bo soon fron tb forogoIn6 raota that the genornl Operatingl xpcuuo* of Red Klvor County r*qtira all of thm ilrrurrl Fund of l nld Gormty~ 

## aud, Chore 18 new in tb Oemr&lFWkd of 8Pld aounty the sup or $7,17V,l8, whloh ha8 been set oaldm by th0 court to pq tha intOre8t mad prlnclp~l on eom of the rbmdlng warrants Iasued in lQQ8, 19Sl 

## nndlQS8f amd tharo Is no other money in **8eid** (fonarnl Yund to p&7 any opernting exponsss of thq County md, In 8dditIon to,sroaent oparotlona,the Oensra If k'uud **naeda** to pay warrants**iionornble Yet**  **&Mdh, pae;e**  **#6**



### %SWa for**ourrent** opersti.ng axpenaea 

### iaourred tbiSp@W, 8nd uagaId, in the emOUUtef about feur thownnd dollrra. *wed upon the foregoingfmta, x rhould we $u- your **department to**  ndvise me whether Or **ut t&**  CQllglj.8aioaera~ **Courtauz** lewEul1 uee tua rapuy rhleh is nom in the %netel l7uadm Set 882de ko B8y the intorestAnd princI* OS m&oh funding WUTU%tO, tOX'thO p'='&'OOO Of'Rw-8 thr 8atljpl **sad** Woesaarg operatingexambane of **tk0 c~l;J**  **f@P t&&S**  **YOPC. ”** 

**2t.w 8UO8**  **6$ ted**  **irr 7OW**  **brief ti**  **NRWrt ef**  **JO=** 0ontentIonthOt the~C0PL1Bi8alonara* Cowth88 **t& right**  **0nd** authopit~ **tie we**  **the Berkerril** **Fund In**  the **pa7-nt 0r**  **retax ud**  **ZU@O8#8P7 Omr8t**  **of ,tka**  **oounty t0**  **tke e%-**  rrlua%oPot urj,priez thorafw, **represent** ***mm of** 

Mea In lops,, usI1 ma Ls58. & 8 mnttaw OS **set,** thin mJxd #@am8 to po88e88 the aherasterI8tIoa Of 8 8inLing fund **UUt, &S**  **S#b, it8**  **WO WOtid**  be gOV8PMa **by** &?tiOti 039 of **Vernon~r** *naatnted Civil **Statwtea.**

**HOW qUO8tbEi**  **~OWAp~O808** the le&ity of! **SU6h 8**  fund, but thlr **department** ha8 aonalatentl~ held that tbo Qenex%l Ru&d levy owanot **be** pledged **to** the pqme& of debt8 amturing in Suture years, pnd hna ~rpeatedkydeo3.Ined to approve tka iO8UaINO af bends requiring ouch 8 pledge. **Therefore,** we advise thut in view of our well l atebli8hed ~01icy In this rogad WI) @annot reaogriso btm v&lid OxIstO- #Xi@@ Of 8 tund 08tWi8IblyON&ted Out of 8 &XWtiCUl Of the fbneralht& levy for fhe payment of obli&stIon8iaaueQ ngninat rueh Sund. 800 AttorneyGeneral*a oplnlona **numbare** U-lVO& ~onieroneeOpInIon Ro. SO98, 04669,'C0nSerenee Opinionwo, 6096,,

**WO** do **not** pop088 **t0** pass **UpOn the**  pO8OibIlity of the eco~ of my rights to ti remant balder to the **U8e** of 8Ueh l brad, but uawam that If eny ouch rIghta do, fn l&v or Snot, exirt, 8uaa must **be** solely oontrt&tue1,**mnd,** ia OUP opialon, if enforoeable, must b8 a matter for tb parties thereto to eettle fInally in a court of oompetqxt jurladictlen..

Honorable Pat Beadle, gage #6

Puratlant

to the ferogolngdi*uua*ion, we advise that the payaent of the aotual and neceaaary operatfng axpenaaa of th6 bounty **from** thin fund will be 1Lmlted ORQ by l ucrheontrnotual



### right6 aamnyh&v*

ooorued to the obligatlan holder **md** by auuh aonatltutlonal odl atatutery raatrietiona @a are mm lapoaed.

Ye must add, however, that in our opialon a aarloua q-ubatt~~

bxiata aa to the 8vailabllltg of thla fund at all for use l

gthe r for paysent nP the obligationa above deaarlbed er hr kneral%md sxpenaes in vleu of the reSUoted ml*- u&oS~blQgrmanent 3bprovemeat Fund in the year8 1997, mah a use I6 alearu prohibited by lau. YraLEsatly, t&ore ia a oonalderable 

### aupdue 

### tb **Pmaanbnt** IApWvOAont Yuud by th@ oemr*l rqilul, end auah baluwo a6 purportedly bxlata in the ~eneralFux?d aaj le slly and pr" ~' **perly** bJoq te tha PuUnent **b&WOVWAt ’**  8ml, whlob, tFAb UbAld **pF~O6iUdO** the US4 **Of** the f'IAld8 &A Upr A6An.l' other t&m i* l

mh 3srtQl purposes as are delogatod te thbObrmmont Uprovbm~t ihand. Seotisn 9, Article 8 .ef tha~ebMt%tuttoA~Carroll v8r-R%llimla, Icm3 S.S. 504, ehir AJw: ihe vAl&, of **the** Bo

&A&A &a net to bb oasutruedu pa*aimg 

## 8 **Ve** 

## rwnti0ta.d

warraaatm~,

XL&P the valid uibtonao OS the fsm4 oreated for the prryant Of 8aAe.
h **trwt** that the Sorbgobg In mm mume 

### r anav4ra 

### yourfweiltlos,

but 

### in vim oS thepoouliufret l

### ltuatiag underlying 86~0, re Gael that’ it osuld not be **anirered** otherwlae. Vary tixul~ **5 ’** **0uT6,** APPHOVEDJmi 22, 1940 ATTORNEY Em= OF TSAS /8/ Qorald 0. asma ATTOIUIIEP Q- OF TEXAS 4‘ /a/ Clam~@Q k. -wO Clarence X. Crews

Aaala tant Cl%-arlg