### Houorabls L. R. CountyAudItor **Abileas** , Texan

Deaz? SlPS Tho5gcron 

### Opluioo Ho. O-3&2 Bet Exeaptbu mom t8xetion of land bee&d to 8 ool140 **for the**  **purpose of**  **erolA*** **rar*1o*ure** **or** ***** 

### no-40 tlmi?aoathe note **and aort@ea**  **h8v& been**  **8 pabt**  **of** 

### tha endowment **ruud** 

### of rushao11age.

Xn ~QUE latter of **April** 9, 1941, JW. subPit the rollovillg

fl%ctBa

A 0ertai.n

aoLlagehdlmllIowmceatnmd8loatasdoa l8ud ma **the** mortgagor to avoId fOxws&X~ U~eded the &ad 

### to tha 

### crollqp.

You reQu.at

our optulon

ali to whetherrue&oollega is atitled to bV8 the l6nd thU8 8UQalirdl OXCrmPt fW tUCUtloo for a period **of** tua year8 4fter ml0h ~ofpiaitfoo.



### Artme vu[I 800tiooa, 0r the 

### aaoetitution **or** 

### !Paxaraeadoptadiol~f&#awridea %Bprtu r0collou8:

“‘She L&alature mmy by ~amral le.wtl rxa# 

### from taxUiloa

. . .rllbulldiagsuee6 0xelu01Vely U&d 0UWd **by** ~WSSUS O&FWSO0t*tfW8 Of XStWWW f08 

### 'rohoo1lparpos.8.

. .t 81~ th0 

### d0-w mm 0r 

### 8~~0th lustitutlona

of **taarniogl mad**  **rali@m** 

### mot omd with e V~OP t0 mrzt; uzd U~O the we am fmdbd Lo **boeda** OP a0we8 OF la **Iand o?**  other m&mt~ uhiah. tms beemmd ~l~llhwwft~rbebought lr~ by 6uah kr8tltlAti0laa

UJdeJs r0~xorurs sale8 luds to ecrMrQ QP ~proteat

atwhbonds ormor&qer, that rnwb sxanp

### tioa of such lmd and property 8hall 

### continua oaly 

### for two yaw8 aftarthe pulchasa of t&b sume 8t such ruleby amh LnatiZutloao aail no longer,

end laatltutions of plrelppublLa aberity;sand all lawa **exaptlng** wqnwty rnis8

tarattou**other** then the propertyabove **mutloaed** ~h8.U **be** null sad void."

**Artf.ale** 7150, ReV:md **Civil Statute8**  oi'2'PeX8S, **deaariber** the pxwpert~vhiob shall **be exempt**  **from** tMatlw and saotion 1 tbm0r, as ameadsd Ln 1931, OWtain~ m dmariptkuw 

### or **t&a** 

### follovln& **pmpsrty** 

### ea being 80 sxawtr‘,I

,- 1 

### Uooom3bls

L. 8. Thowson, irge 2

*All 

### -lb aollqes, 6.n ard0m0tit **fad8 0r**  

### 268titutioo8 **or i0am~4**  

### lad rell&lou

not 

### uwd vltha rlw to pIWrit rod when the nma are invested in bond8of aOrt64w end **all** 

### swh buildings Med ex01uuriVelJ 

### Uad OVasd by ~~0848 

### 0~ **8BSIOOf&iOM** 

### Or X?EPrBOO8 rOr l d3OOi paipposes;

**provided that**  **mhw the**  **Wad 01~** 

### othsr pmperty bar;

beao or 8ha11ham~Ste~ **be** 

### bm&ht la **by** maoh l.nstltutloM

uader formlorure sales lade4 to 

### ntlafyor proteetboadsormortg~e8 in&Ash said **andoumettt**



### SssstdnMa

intwted,tht such aa?ttiw of nrabm$ **Md** 

### pcOW#FtJ 8hRIlcKlm&Ue'fOF tU0 **Y-W** 

### tit* th4 **plrahu0 0r**  tw **.e** at **8w.h -10**  **by** 

### suoh bstitutiolrs aad QO longor.'

. A readlag

**0r** 

### the quotadaoastZtutloe8l ml sktutorJ pmvlBltulB **shows** 

### s osry derlnlte 

### latsOt100 to Mait 8nd .aurtaIlthe exaagtionoS suahaddaassotfUad~Oncettw smm 

### tmve **bada** 

### owvsrtsd into lund. .Blidsntly the 

### thoudht

mr to hap **8t** 

### 8 mlnm tk* amountof **lunar** 

### rwlarmln fraa tu8tlas by **XWMOSI 0s**  

### dOOi **OUUSPS&~P.** 

### It **If88** 

### ~~4Of~9d that &f ouch ehdmmant Smdo should**be** 

### lnvwted irr bondsor aortsams, vlth lmd ss the ssourlty, the ultttorte

resultwouldbo thst oa &aae owaoions the~oolle&s wouldba fomsd to sm&re the swurlty in 

### prpper41~akl4us~~ OS sod jmatecrt%n8thew**mat** funds. **Tbns** it 

### oas mount to 

### pecwsot the oodovment**fund rrar**  **tuatloa so**  **.long es**  **it sdm0.d**  **bo lnvostad**  **lrs bonda**  **or morQpge8**  

### and in the evsut lt **should be**  **owem~ry for**  **the potaotloo**  **or the**  Simd **to OonPert**  it into **land tkan**  it **lI8a latadbd**  to plrplt the 

### lniltltutlon to bava ansrsooclblo

### but oapsrstlvely**shorC** pru'kid of time idthip-



### ubtah ti~dlspose
**0r** 

### tb landberow the 

### uiw •0~3d am agala 8ubj00t to kxa+ ~: the CoPstltutLorr

snd ststute~liplted land or ottm sawarty tw@rd lurdor **r0mi08w url08.**  **“ ~**  

### Vlelfed **irolt,tha** 

### etanapolat 0rtho s?ke. md **oountriod Ot$Wt** **’ tU~**  **bodti** tl+ 

### voluntary deed- or " ~'

"L tha land 

### to, the mo~ee %S I 

### QffYemt pm%eedZag ina a **r0mi0t3ur0** 

### tbd.4~~~

mia*r the row lavhoasbaad~ tko'pwo w--aw tkid &=rtles- 

### \ rty wuld be tuablo -am aot~glvoo

& opportunity

**to** 

### WfJL ,;_,, ~.~, H?ilbto swb property, vhilo tr 8 io~losure presm they uould **be.** 

### In **both** 

### the Coastitu-~ .tloa

**ma** 

### ststute

the iatentioa

rppsan tttst

the exat@tloe **shall** 

### *@pipon4 la tha went it ia boudht la 8t a **r0mi0wn** 

### sale. **6xc~ptlons ams**  **to be**  **strlatly oonstnml.** 

**Our adsver**  **to your**  **pwatloa is**  **a** ne6atIva **one. l&s**  pmmu~e that the promrty thus **acqulmd** 

### is not **usad** 

### erolusiveL for ~abool**purposes so**  

### as to brIag It 

### vithioMother esawprovldod

in the **above** 

### oon&titutloa8& sad ststutory

proVlBtoe8.
**Yours** verJtruly **A ’** **l ’** **YORRRY**

O?B?RRAL

OF TRXA8 **APPROVED APB**  

### 18,194l By (Eilgnad) 4LuIm If.

LEWIS a/ oRavE6 SRLLRRS **Asslstunt**
**FIIIST** A8818TAXT**ATTORRBX** QExmAL APPElOVSD 

### OpiDlonCmlttre By B.W.B. Ohatmaa