Houorabls L. R. 

County AudItor 

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?aoa the note 

and aort@ea h8v& been 8 

pabt of tha endowment ruud 

of rush ao11age. 

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 whether rue& oollega 

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

Artme vu[I 800tioo a, 0r the aaoetitution or 

!Paxaraeadoptad iol~f&#awridea %Bprtu r0collou8: 

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

from taxUiloa . . .rllbulldiagsuee6 0xelu01Vely 

U&d 0UWd by ~WSSUS O&F WSO0t*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 sxanptioa of such lmd and property 8hall continua oaly 

for two yaw8 aftar the pulchasa of t&b sume 8t such 

rule by amh LnatiZutloao aail no longer, end laatltutions of plrelp publLa aberity; sand all lawa exaptlng 

wqnwty rnis8 tarattou other then the property above 

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 vlth a rlw to pIWrit rod 

when the nma are invested in bond8 of aOrt64w 

end all swh buildings Med ex01uuriVelJ Uad OVasd 

by ~~0848 0~ 8BSIOOf&iOM Or X?EPrBOO8 rOr l d3OOi 

p a ippo seprovided s; 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 proteetboads ormortg~e8 in&Ash said 

andoumettt SssstdnMa intwted,tht such aa?ttiw 

of nrab m$ Md pcOW#FtJ 8hRIl cKlm&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 quotad aoastZtutloe8l 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* amount of lunar rwlarmln fraa tu8tlas 

by XWMOSI 0s dOOi OUUSPS&~P. It If88 ~~4Of~9d that &f 

ouch ehdmmant Smdo should be lnvwted irr bonds or aortsams, 

vlth lmd ss the ssourlty, the ultttorte result would bo thst 

oa &aae owaoions the~oolle&s would ba fomsd to sm&re the 

swurlty in prpper41~akl4us~~ OS sod jmatecrt%n8the wmat 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 land berow 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 

la vhoas baad~ tko'pwo 

w--aw tkid &=rtles- 

\ rty wuld be tuablo -am aot ~glvoo 

& opportunity to WfJL 

,;

~

H?ilb to 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 

*@pip on4 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 vithio Mother 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 OpiDlon Cmlttre 

By B.W.B. Ohatmaa