<html xmlns="http://www.w3.org/1999/xhtml">
<head>
<meta name="pdf:PDFVersion" content="1.2">
<meta name="xmp:CreatorTool" content="Acrobat Capture Server 2.0">
<meta name="pdf:hasXFA" content="false">
<meta name="access_permission:modify_annotations" content="true">
<meta name="dc:creator" content="sjh">
<meta name="dcterms:created" content="1998-04-15T23:13:52Z">
<meta name="dcterms:modified" content="1998-04-15T23:13:58Z">
<meta name="dc:format" content="application/pdf; version=1.2">
<meta name="pdf:docinfo:creator_tool" content="Acrobat Capture Server 2.0">
<meta name="access_permission:fill_in_form" content="true">
<meta name="pdf:docinfo:modified" content="1998-04-15T23:13:58Z">
<meta name="pdf:hasCollection" content="false">
<meta name="pdf:encrypted" content="false">
<meta name="Content-Length" content="135202">
<meta name="pdf:hasMarkedContent" content="false">
<meta name="Content-Type" content="application/pdf">
<meta name="access_permission:can_print_faithful" content="true">
<meta name="pdf:docinfo:creator" content="sjh">
<meta name="pdf:producer" content="Acrobat PDFWriter 3.02 for Windows NT">
<meta name="access_permission:extract_for_accessibility" content="true">
<meta name="access_permission:assemble_document" content="true">
<meta name="xmpTPg:NPages" content="3">
<meta name="pdf:hasXMP" content="false">
<meta name="access_permission:extract_content" content="true">
<meta name="access_permission:can_print" content="true">
<meta name="X-TIKA:Parsed-By" content="org.apache.tika.parser.DefaultParser">
<meta name="X-TIKA:Parsed-By" content="org.apache.tika.parser.pdf.PDFParser">
<meta name="access_permission:can_modify" content="true">
<meta name="pdf:docinfo:producer" content="Acrobat PDFWriter 3.02 for Windows NT">
<meta name="pdf:docinfo:created" content="1998-04-15T23:13:52Z">
<title></title>
</head>
<body><div class="page"><p></p>
<p>, </p>
<p></p>
<div class="ocr">Gororable sarold uccracken
d4aciatant District Attorney
Dallas, Tasos

Doar 4rs

Opinion Nos 0-273

Hog Whether & Be NOe 3, Doing

; on anonisent to Article
ening of stampa upon lie
acing of stamps upon lions
taken hy budiding cond loan —
oso ations

Go are in roocipt of your lotter of junc 2m PO,
whorain you diroot cur attention to Seotion 7 of the tnild-
ing aad Loan tode, an asondal by Samste BLlI No, 1 of the
 *Porty-sizth Locialsane watch provides ang other thinrs

as follows:

Tne Gonidng Commissioner of Texas shall
bove supervision cyor and control of all
Building ond Loan Associations businoss
in this state ee « shall bo with the
emocution of the lava of this stato rolating
to auch Associations. 411 auch Doilding and
Loon Associations ahall be Gdeaned ani aro
howeby Gcclarad to bo instrmontalitios ond
agencies of the etato goverment ami shell bo
chavo vith tho duty and rosponsibility to
act as Migcal agonte for the state vhon roe
quested to do so @ @ o*,

You t our opinion ag to whether or not nertcaros
tahun by builuing and loan asevodations are required to be
stamped in accordance citi the provicions of Conate D112 to. 34
enacted by tho fortyaoixth Lepiokature before the gaze ara on-
titiod to be rocordad.

f

fo Gadd Sonate 6422 tic. oa, which fo on anondoont to Artfe
fo
</div>

</div>
<div class="page"><p></p>
<p>c </p>
<p></p>
<div class="ocr">,  ¢ C

Honorable Harelid tielracken - Pase 2

Glo W47ay Ne Ce Se Of Toxag, in

icevy of a tax of tom conts on cach 6100.00, or fraction thore=
of, over the first 25.00 on ;
by cortain lian inst te vhich are filod or rocordad in the
orfice of the Gounty Clork andor tho registration lays of this
state. it is Surthcor previdad that no such inotraumant oball be
filod or rcecordod ty any Comty Clort: in this state mtil thoroe
bas been affixed to such instronant stampa in acconioeco vith

the provisions cf snch Act. Anonz other exceptions such Act
contains the foliogings

SThis Section shall not apply to instru-
nonts, notes of othor oblirations talon by or
on behalf of tho Unitad States, or of tho
Stato of Toxas, or any comorate arency or in=-
atrmontality of the United Statos, or of the
State of Texas in carryinre out o govermecntal
purpese on Capressod in ony Act cf the Conrrcas
of the United States, or of the Lorislature of
the Stato of Tomas « a o@

bras a carpoQul reading of Scnate L421] Noe °4,0m] in
articular the cxocpticn vith uhich ve are hore concemead, it
becanes apparent that an instrucont taken by a corporate arency
or instrumentality of tio Utate of temas 1s net ozoopt fron the
t of being stamped, onicos the sane is tale by or on
behalf of such an acency or inetrmmentality in carryzine ont a
gevermmontcl purpose Gas czpressed in an act of the Lorialatare
of the Stete of iczas. Tho nore fact that Senate D411 Joa, 19
provides that such Duildinc and loon associations shall be
deened instruncntalitics ami arcencios of the State -overmont,
and oball be char;od vith tho dnty and rospensibility to act
as fiscal agente for the State when requested to co ao, docs
not moon that ovory trancaction in which such o teailding ond
loan association shall cagage is a tronsaction carrying out
Q governmental purpose, ss cmressed in on Act of tho Lertola-
taro. In liciting the csamtion oxtcanded to aronctos of the
State of Foxus to theso instruments talzen in carryine out onch
& sovormmicntal purpose, it vas clcariy intendod by tho Lorialae
tare that all other instruments takon by auch aronefos shonid
bo subject to tho tas.

Gur ansvor to yout cuestion, therefore, is that instru
neate, uotos oni other oblisations tazon by boiidins and ican
asaciations oro met csamt fron tho stamp tos, anlogas tho sane

om
f

4

r
</div>

</div>
<div class="page"><p></p>
<p>ATTORNEY GENERAL 02 TEXAS> 
</p>
<p>. </p>
<p></p>
</div>
</body></html>