OFFICE OF THE AYTORNEY GENERAL **OF** TEXAS
**AUSTIN**

Honorable 01 1. oounty Auditor mleoor oounty oorpw ohri8t1,

we a43knouledge

reoe r8que6ting our opion 86’to of the bank a6 reserve for o .’quest 

### read6 a6 r0li0v68

w0ren00 to the bank oapttalt

wwi-y bank, vhethar Of lraue or do orit,..baaakor, broker, daalor In arohango,

### or rtoekjob 8% 

### .rhll at fl 

### thatin4flxod

by thlr

chapter 

### forUrtimg.pommal property,make out aml itulnirh the 

### armor of taxes 

### a 6vorn 6tatsPrent 6hovlng~Roaoreble 0. j. Wilde, Pa&e 2

'1. I? **a** national bunk, the presideat

### or some other 

### offioer of 8uoh bank shall furnish to the as

### sessor of the oounty in vhioh ruoh bank Is looateda list of the aams of all the shareholdersot th8 stook, togethervith the number and amount of the 

### shares of saoh stookholderof rtook In said bank1 and the shareholders of 

### the rtook In national banks shall 

### reader to the tax assessor of the oouut in vhioh 

### raid bank is looatsd the 

### nuder of 

### their Jla r.8 aad the true and tFil1 value thereof. All sharer of rtook in national baakr not 

### rendered to the assessor pf taxes in the oounty vhero ruoh bank Is looetadvithln the the 

### presorib06 **by** lav for listingprsporty 

### ter taxes shall **bo** 

### aaawod by tha

l

### s#osser agaInat

theovaor or ovners thonoi

as unmadered property IS 

### l ssessed~but the tax roll shall shov the asm of ths ovnor or 

### ovners thsrrofas per rtstamentfumishod by the president or other offleers 

### or **said bank.** 

'2. Xatlcmal bank8 shall render all other bonds and rtook of every kind, exoept Waited Btate8 beads, 

### and all share8 oS.oapital **rtooks** 

### or ,Jolnt **#took** 

### or rtosks or 

### other oompanlo8

### or oorporatloas hsld as an investueat
or in q~vaf representingassots, togetherpith all other persoaalproperty beloqing or 

### pertaining to said baak, 4xo4pgt

suoh personal exempted favm taxationby



### “3, .,Natioaai 

### baaks &all ~.requirod to 

### rend00all of thslr ma1 estate as othss 

### nal ertato 18 rendawd~ **and** all tha 

### la taxed shb

Psr8onal

### property sf 

### raid natioaalbaaks~bore1 valued. 

### k valued ati othsr~personalpropert is

'4.: .All**OtheP**badiS;. b8nk~+# .brokers;'or **dmlO~8** OP rtoolc

jo~bsss,6li&iwnds~ t&sir 

### lwt in

., 

### or in transit 

### or

l amunt et billi reoelmble, dleoouuted or due, laoluding aooount8 rooelvable,lntersst 

### aoorued but not due, aad interestdue and unpaid.Honorable 0. S. **Wilde,** Page 3

the flrst and ssooad riSiOll8 Sbi11 bS doduoted the dSpo8it.

"(4) - ProMt Of bad8 and StOOkS Of OYS

bonds,~Ud 811 ShSW8 of asp 1 kind, e%oopt United 8kt.8 tal **stooks** Or joint StOOkS Of OthSl’ Oonppnil?8 Ol’ OOrpOl’Sticbaa hold 88 an inVsStrSl%t Or in urj vS~ nprSsSnting assots. a%lOlltItOf thS itSIS **of** thS last tvo subdlamount of money on

OP b~lnos~~~ lnoludlng **.both** 

### personal

prop

## l rtyí and

real @St&S, 8hSll bs 1iStsd 88 other pOP80~1 propert and real estate.”

Tao first three subd~r1~1oa~of sala ha& 7165 

### apply only to national banks. Subdlvi8loa4 appllss to “all mother b~nks~*
Art;olS 7166, mxas, Revised Olvll Statutes~, 1925, 

### provides for the MnditiOa Of Ma1 OUtstO ovned by thS biWk8, and for thS 

### aaauor of 88808~Ollt O? rt3al estate or the bank and o? the ShSZ'OS Of **stoak** ovaed by it8 StOOkhOldSl’S in thS ?O~OVing hlg~S~0:

*xvorybmkiqg aorperetloa,atatS 0~ aatianal, do* ?W~.88 in thi8 8t8tO ShsU, ill th8 Oitr OF town *.*bLob it ls looated,mndo* fts anal Sstato to.tbA t&g assessor

### at the 

### tire an&in ths **manor** r~- qrriwa af.

indi~m8ii. At the time. of aaw ruoh rendition tit0

pnsidoat or some othm 0fri04r of **said** bank shall ?llS with 

### said assessor a sv~m statcrPsnt 8aop* th~11~bS~and~80~0f w 8har~8 S? 88ia **baa, th+aamo**  **aria W8168aOO**  etl aoh 8hbmh0i&dr, aa the aumboa aad aaount of sharrs ovasd by him, XYOFy 

### sharoho~der

of said bank aball, in 

### th.Oltr 1ovtama 

### vhoro rata bankie.looaf~ed,

roadoa'at tlwlp aetiqal rSluo,to the ta* 

### assas~or all SbmSs owaml by h3m.l.a suoh .baaklaad la 

### ease of hi8 failure so to 60 j, thb as8ebsor ~b~l~Ss8e8s **moh** -naSmd sh~n8 88 othSr **UXkPSnd~~d ’** **pMpO~t~,** .%4h 8hsrO ilk8UOh ksk Sb= b0 taxed ealyfoP.th4 di?fOl'OBOS bOtYOOn it8 8otMl Ocrsh value and thy 

### ppaportionato amouut 

### per shre at uhioh it8 PO81 l StatO i8 S8SO884d; ‘m t8XOS duo UpOl!l th* shares of bank- ooz-porationa shall be a lien themon, and no banking oorporatlonshall pay say U&l&end to

--~. -,----
. . ..---L_~_ h-_,,Bonorablo 0. 3. Wide, Pa@ 4

say shanholdervha i8 lade?aultlntho paymentor kxO8 dU0 dll

hi8 ShSPSSJ XtOF ShSll q bSIi* OOI’- pontion ponait the transfer

### upoa its books of any shah, the ovnor of vhioh Is in default in the paymat of his kx68 upon tho 86I66.Not- herein oh811 be so oonstruodas to+ax national or Statr~baakr,

### or ths shareholdersthsreof, **at** a greator rate than is l880880d against 0th~ moaeyod oapital in the hmU Of iadiYidU818.

'

The phi-88~

%osor~~ for oontiageaalesa**lndfaatos &at**  thebaalthas sat rpartrodse@ogatod& 

### part ef Its oamod surThat ibnd, by 

### vhatovor name it may bs oallsd, la a **part of**  the 'bank'8 arsonslpr0p.r~. AS suoh it 18 neither 888o86- able **aor** P

taxa? o to the bank. Art1010 n66, supra; **city of**  Marshall 10~ State Beak of warsball, 60 0. A, 508,~127 s..Y. 1083. On the other band, as personal **property,** It Is a papt of the as8ot8 of the beaL and is me 

### of the faotors to be talcea into ooa**slderat~on** by **the** board of egualix8tlonln SIxLag the value 

### of the 8tOok SOP t6X putpo668.

Trusting thathhe above fully 6~8vefr8 your laqulry,vo
are

FolmP N0b4rts ~SSi8ts46

,._--. ATTORiEYGliRAL OS ZECtiS



### COMMITTEL