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 fl 8% .rhll at 

tha tin4 flxod by thlr chapter for Urtimg.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 assessor of the oounty in vhioh ruoh bank Is looated a 

list of the aams of all the shareholders ot th8 stook, 

together vith the number and amount of the shares of 

saoh stookholder of 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 looetad vithln the the presorib06 by lav for listing prsporty ter taxes shall bo aaawo d b y th a l s#osser agaInat the ovaor or ovners thonoi 

as unmadered property IS l ssessed~ but the tax roll 

shall shov the asm of ths ovnor or ovners thsrrof as 

per rtstament fumishod 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 representing assots, together pith all 

other persoaal property beloqing or pertaining to said 

baak, 4xo4pgt suoh personal 

exempted favm taxation by 

“3, .,Natioaai baaks &all ~.requirod to rend00 all 

of thslr ma1 estate as othss nal ertato 18 rendawd~ 

and all tha 

la taxed shb P 

sr8onal property sf raid natioaal baaks~ bore1 

valued. 

k valued ati othsr~ personal propert 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 interest due 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 propl r tyíreal a nd @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. Subdlvi8loa 4 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: 

*xvory bmkiqg 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 et l aoh 8hbmh0i&dr, aa 

the aumboa aad aaount of sharrs ovasd by him, XYOFy 

sharoho~der of said bank aball, in th. Oltr 1ov tama 

vhoro rata bank ie.looaf~ed, roadoa'at tlwlp aetiqal 

rSluo,to the ta* assas~or all SbmSs owaml by h3m.l.a 

suoh .baakl aad 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 ilk 8UOh ksk Sb= b0 

taxed ealyfoP.th4 di?fOl'OBOS bOtYOOn it8 8otMl Ocrsh 

value and thy ppaportionato amouut per shre at uhioh 

it8 P O81 l StatO i8 S8SO884d; ‘m t8XOS duo UpOl!l th* 

shares of bank- ooz-porationa shall be a lien themon, 

and no banking oorporatlon shall 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 oonstruod as to+ax national or Statr~baakr, or 

ths shareholders thsreof, at a greator rate than is 

l 880880d 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 arsonsl pr0p.r~. AS suoh it 18 neither 888o86- 

able aor taxa? P 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 ooaslderat~on by the board of egualix8tlon ln SIxLag the value of 

the 8tOok SOP t6X putpo668. 

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

are 

FolmP N0b4rts 

~SSi8ts46 

,._--. 

ATTORiEY GliRAL OS ZECtiS 

COMMITTE