C 

Honorable Bet E-Sadler, P%;e #a 

of aaid County after thet doto eud,.within 

throo yoaro thawafter, to-wit, Intho ye1931, t&oro had aaoumutted enothar group or 

outatandIllg sorlp warrants 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 Qarural E'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-rants bao~ due iru?eh 15, 

lQJQ, md annual17 thm’uftor on Maroh,lSth 6-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 r edie 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 6onere1 Puad IO11 far rhort at t&o uroullt neo88- 

oar7 to pay the general opardang expana+a or tha 

Count7; and, by the-year 1938, there had aocumulated 

a total aaeunt e& eutatandlag sorip werrata, In addition to the formgoIng funding warranta, Bf *ppox.iJMto1y ~197,COo.w. !Rmni aerlp warranta ware Issued 

dUring thO ye&~&‘8 1939, 1933, 1894,.1986 ORd 19wa 

Bi.nca the 7eer 1936, by mmaa of using the Permauant 

Xmpr6rem8nt h+d to pay general oporrtlng oxpenaoa 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.fUver County 

Iasuod some warrants, ahIoh they called *Gonorali%nd - 

Funding Wnrranta, Serlea 1@$8,* la the totel emount 

of ~10,088.31, in denoainatlona of ~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, 

o f tb iOOU& EUW Of 88id l lT8nt8, On0 OOI%Ot f 

tha Qmaral jmuXlovy was set eaide,to pay the 

lnteromt and orerib 8 sinking fund to pw auob 

wnrrnntn. This ration, together with the payment o f l o u o f th a c r lp rnrruata, reduosd tin 

sorip tamant indobtrdnaaa to the sum of 

$U?,esO~.@6,~ whlah lo still out~tandlng lnaddltlen te all~of the above doscribed SupdIng warrants. 

l %e omtwued vnlwtio n o f the t&x p r ep & 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 being aade, 

USm8OOd ud aollcwkd$ and tho tot81 OparrtIng oxp nxuu l oah you wore far in axeeaa of th amount 

oollmated far the Goneral hand Srom all aoureea. 

I do not hnve the figures -ovail&ble showing the 

oellaotfona prior to 19X5: but I do have the PigUPas showing the oollaotloca alma 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 operating eqwafna alme tha per 

19Sl a8 followor 

*It can rudlly bo soon fron tb forogoIn6 

raota that the genornl Operating l 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 nnd lQS8f 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 foregoing fmta, 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 intorest And princI* OS 

m&oh funding WUTU%tO, tOX' thO p'='&'OOO Of' Rw-8 

thr 8atljpl sad Woesaarg operating exambane 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 ~rpeatedky deo3.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 08tWi8Ibly ON&ted Out of 8 &XWtiCUl Of the 

fbneralht& levy for fhe payment of obli&stIon8 iaaueQ 

ngninat rueh Sund. 800 Attorney General*a oplnlona numbare 

U-lVO& ~onieronee OpInIon Ro. SO98, 04669,'C0nSerenee 

Opinion wo, 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 ferogolng di*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 ucrh eontrnotual right6 aa mny h&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 g thefor r 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 aup due 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’ 8 ml, 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 oasutrued u 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 

your fweiltlos, but in vim oS the poouliu fret l ltuatiag 

underlying 86~0, re Gael that’ it osuld not be anirered 

otherwlae. 

Vary tixul~ 5’0uT6, 

APPHOVED Jmi 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