28 

OFFICE OF THE AITORNEY GENERAL OF TEXAB 

AUSTIN 

Tour nqlw!it Tot op 

fully ooaaidsred by thle 00 

quest Sb a.lorar1 - 

“X U roqUr8tln 

rrvrral rtatute 

rmteriuI1 IA:. 

papem prepared, tho rttorney doer 

not reooitr aw reiauasmttoa for hlc eervfoear 

l l. Does the paymat OS the 1.H out OS 

6hbr first JIII’O aooruoO interest on the indl- 

any ruoh mrohur, ~1. or loan, HothIng 

oent*laM In thlr rrtlolo ahall pnvea# a 

iif0 ln8urnnoo oorporatloa rrm mnklng a 

lmn upon a polior hold therein, bl the barr0m.P Dot ill WOOa Of thr 108rPT. V&M 

thoroos. 4 perron riolatl 8ny pra*i8lon 

of this artI 8Jmll be flno “% not &err than 

thre, hun6W nor mom than one thouauid 

rollan.” 

Thr above quote4 artisle of thr Penal Co& war 

‘An A.6 to mMwriw tam Inoovpoxat Ion 

o? lit*, rooidoat ME heelth lamraaao ownps~A~8 8ad cl*flainu 8uso; and to authoris* 

ruoh rcqanie8 to traa8a.t bualaoro la tha 

State 8S kurt to autherin* other lib oompander inoorpowted uadot the lmm of other 

atit-, Tbrr ito r ll al r ooPntolo8 $0 traaa- 

#et budnear in thir (Skta)l to rsgulatr 

tho buslne,sr of 8uoh ooapanir8~ to dofIn@ 

the &otlor uih paror of the Ooamiedcimr of 

~BU~TMO~ ~6 Bunkfng ata girr to him autborlt~ to irsur, ru6Jwn4 end rrrcrho perElt8 

to 8uoh 00mpmle8 to tmumt bu8iao88 in 

tldr Bkta aad to apply for the appointslent 

o f l rooeltor for ruoh osspanio8 when they 

beoom0 I&~re&~ 6OfiBily the mot&d Of (LCI 

rlltbg at the valor of parsoaal property of 

aueh oo5ganio8 for purpoer or State, oouaty 

and rmunioipal taxatloa, W erenptina ruoh 

0om~108 SPW an ocoupatlon or gPoom rsoelptr 

tax; to fix the ritu8 of perroiml propeTtY 

0f rttch oamp~a.ion for purpose or taxation; 

to pepwilt the depoalt of aeourIWr8 in the 

ofrior or the St&o Tmasumr~ flxin$ vonua 

282 
krgoP4blO tUUo8 It, r**t8,, -8 b 

OS 84tS Md PrOTiding tha luck04 Ud VI 

Of SOiOS Of ~I%OO88~ Pt'OVidiu ~O~lti.8 

for tlOlatiOn OS rho pr~vI~iOn# of thl8 Aot 

x'e~tiln& all 1aUS la oonfliot hordth# d 

doolarlw ui emergoaoy.~ 

Ml610 4823, 70ra0n'S AaYiOtatod ?eXtl# airi &atUtOS, Z'UdS a# fO11mSI 

‘mOOpt 88 hOldI rOtld8d, muoh 8OOiOtiO8 

shall bo ~0vorn.d br th P 8 law, Mad #ha11 k 

ouapt from all provlsio~ of tho Iaauranoe 

lEW# of this StatO, not O&f &II ~Ov.rarPOntti 

roletionr rith ths f&at*, but for rv 0th~ 

pUX~0s.r HO tiW heroaftrr l M0t.d SW1 l p 4 

~tOt-Ot~;3l3"8 they bo ex~2’esr~ dosigoati 8 

The enal rtatutes rolatln~ to Smtomal boaoflt 

moiotio8 (LIY 1 rtiOlO8 581 t0 58 , ti010~i~8, fOl%On'S knotate& TO=@ p8Ml m@. Vii. 8tUttUt.S F%@S b# 

smtomal boaotit aooiotlor era found in Ohapta 6, itlo 1 

78, Vuaoals Anmtatod Tom8 Old1 Btatutu~ 

It ha8 buti broadly u$d by the Buprem@ dourt 

that tk0 Tight8 pOWOn spd Oblations Of beEIOf$t WO~Ot~O8 

MO &oterriU~ ty rUks# Of hW ~OtiiUil~, if Wt UtiWiTOIf, applioablo to them and the laplltr of their l o tio a 8 

I6 not to be tested by ruler whloh apply to or~uL~m~tion8 

oomBsroial la purposor girt* v* tloToroI@l camp W.O.W., 

aa 8. w* 4% 

w0 qUOt0 srOM 6 TO%a# ~~~8pNiOn8O~ pUO@ 390 

0a.t 391, l fO11OWSl 

-10 a rratornal knoflt moiety Is wmawhat in the nature OS an lwuraaoo ow 

Is organlrod and oxlrt8 Upon a basi# tk0 

ferent from that of the ordinary 1If0 inr~~~o 

‘Ho benarolant as8ooIetlon 18 an Ini~~*aonganf In the ordlnuy aooeptatlon of 

that term* The rohtlon of orrtifloato holdl r8 - n8 dlrtIa@Iahed from apolIOy kO1darSw - 

Ir ossontlally mutual and reolprooal~ ltash 

oortifleato ~oldrr 18 an laauror of the other 

and of all Others who am nemborh' 
00~~81408 i8 th0 m - 280 wit* d iaIOFOBOO* Th. OAR in rlow 1A l tta la ob a 

tho porooutloA or (lirrrront matw, ra, 

sobJoot io tho l g~r~val ot the home oi’iioo, 

ror ecltnblirhd prahm reta8, vaw'lry *osoding to th hams4 Ol tho rlrk, Tho 

pollor or thr olarr with whloh n l ra awl,- 

iry $0 to Or&aaiU uid l rtablirh inferlo? 

iOdi308 

00X% 0 i 

OOAdUOt+,.kAa pmAiQO& 0~03 by OrflOOtOd rPOa It8 AOAbOrOh& tIbD80 

duty it ir to 8Olieit ammborr, ma rhow 

010OtiOA Nltit8 fA tho ~OSUMOO Or iiuuzC 

aAo0 ~230108 ror tho ai¶onAt rosorlbod by 

tho h-8 0r tho odor, apoA t 0 

OOrtdA re08 and 

praalum ahargo&@ 

daeer, 

t p5t3At Or 

npro~oat mg the 

BPothorhooU of Railway 'bibm0A Ve WOWi, 79 

s. W. (26) 886 
mblo t@808 t, 

285 

ft 18 OW OpfAiOtl that A.d.1. rn, fWlNXi’8 

&&WtatOa TOXU POti oOd0, dOO8 Do t l 

boAOrft 8OOiOtiS8 Or their OffiOW8. 4 

P & Y lo Ir dNM a 

0 thoraforo a8wor 

APPROVEDJUL 7, 1942 

ATTORNEX GliXERAL 06: TEXAS