OFFICE OF THE ATTORNEY GENERAL OF TEXAS AUSTIN

17, 1940, yes SubIt tc u% the

s iiled for rsnord ir t Cxeci~ttad

br '%msns ITOll 1..:TCT?PS, ;tustes

ruling, t?m iwrtfgkg~eaolleotad thf8 aaolintin e80rEa 8Ubd%Ct b%$.?ig pr%§%ntCd tb it for payM3t :‘tCQdn8]Iari: ?+part;aelita is now being liquidated &kit 16 the &sire cf tha partfea inYOlYfitd to dlr;?nsvGI the $405.i)O~hVl<i In CIaorow.*

Yeu raquaet cur cpinitu ~6 to vðer or oat Cu%!idcsd oi tract rshouldba %x%.mptfmromt.hvtsx le~lvd by ~irt~ole7541B,

### IlOll. Charley Lockhart, 2air.e 2

Vernon's Civil Statutes, in view 

### or the fact that siad fnatmment waa in security of an tiebtedneae insured by the Federal Housing AddaifitratiOn.

At the the of the nbove transaotlot, said mtlole 7047e, Vernon*8 Civil Statutes, read in part as f0llows:

;(a) Except as hereio othcrwlse provided, thare is hereby levied enb ass%ssed a tax of t-i;oents (lO#) 

### onrashCne 'l'ucdred Dol.lar%

($300)or fractionthereof, over the first two hundred 

### Dollara (YyZOO), 4x1 all nctes and ob&Igations scoured by ohattal mcrtgage, dead of trust, mvohanio'a lien oontraat, vsndor's lien, oonditional aales oontraet and 211 Instruzienta

### or a similar nature whloh are filed or recorded in the 

### Orrio at the County Clerk 

### underthe Regi@tration Laws of this Stats; providing that no tax &aLl'b% levled on lnstruments for an amoUnt or TWG Eundrad Dollars ($200) or lass. After the 

### efre0tlv0aateof thla 

### kct,exoeptas hereinafter provided, Ro lastunrent orcatlng a lien of any oharaoter to aeoura the pay+%Rt 

### of monay, 

### or reaervl~g title 

### tc anypropertyuntilthe purahase prioe thereof shall 

### havebeen paid, 

### ahallbe filed 

### or reoorded 

### ~bj,any

CountyClerk in this State until.there haa 

### bean afftiad

## to suoh lnat~ruaeatstamps 

### in aooordanae withthe provisions of this Seotion; and providing further that th% provlaions of this Saotion ahall not apply 

## to renewals or elctehs:ona

### 0r %~y notes or 5bliSatioRu. and specifically shall not apply to refunding Or exieti~g bonds or ~obligatione. 

### Andprovidingfurtherthis

. Seotlon shall not apply to notea 

### and obligations Or fnetmnenta aeourjng same taken by or on behalf cf the United States or any oorpcrats agency or ioetrumentallty of the Unitad States GovermeRt in carrying,out e iwverra**msntd** purpose as espreesad in any **hct of**  the Congress of the United States.*

It will be firat noted that this note and dead Of trust were not taken by sny **cgenay** or lnstrumantallty of the Unit%6 States Cloverament. The tax in queetlon la levfed upon the reoording of an Instrument of aeourlty and falls upon the benefioi

### aryof the mortgage 

### or deedof trust, in this fnstanoe the Yrudentlal Insuranoe 

### Conpenyof Amvrloa. If thereiaangburden cast upon the Federal Faosing~Admioistration through it6 in%uran~e of this loan and others of the aaz~eoliaraoterthe 8%~ is r%~OtC 

### and indiraat and cannot have the influenoe oi eraaptlng theaaHoc. Chcrley Lookhart, page 3

instruments iron the tex. See Zamea v. 2revc 3onutruotion CO.. 302 C.S. 134, ce L. Xd. 155. Va heve read the ciplnionof Xx-. rillfrord to which ycu reter and the same is entirely 8USoeptible of the construction t-hateuoh instruements would bblexempt from the tax. I!ovover,eutsequent letter opinions written ty &r. Willfiord declare that h8 did not inten to so hold, Z. I.. Krillirord,Aeeletant Attorney General, to Prank R. Newton, Jr., August 6, 1638; K. 1..::'lllirord, Rs818tant Attorney General, to Albert C. Trawalter, %eptember 10, 1938.

Cur 

### answer to your question is thet the deed of trust mentioned in your letter wea subject to the tax.

Tours vary truly
ATTC"n.YX3

GE?JXRALOF TEXAS

+proved Opinion Commltteo Br B.W.B., Chairman