Texas Attorney General Opinion: O-2271 Page: 1 of 4
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OFFICE OF THE ATTORNEY GENERAL OF TEXAS
*6 D C, C. MANN
: AVONY GENERAL
Honorable T. 0C. ChObadiok
Dear Sir: - \
Opinion 0bet0227l >
Re: Aoozted , *loted intetst
on boPds bytthe Permanent
Sohool o a untyis the
propely rada t of the Porn-
neat Soool F until collected,
/nd not par of and the property
of the Ava 4blScohool. ru until
/ o hollectin.
This mledgeste\*pt of your opinion request of
recent date, an \we>'quote froa your letter as follows
b Pine Qoam"n p6hool Distriet issued bonds
of 4,00oo0.0o ae now owned by the Wood
unty Peaent S'ehool Fund; suoh bonds contain-
ng prosnis that they might be recalled at the
option of\th*\giver; since the time of issuanee
PiA/ n.Co on School Distriot has been absorb-
b~ neola Independent School District,
t tedent school district assuming the pay-
men o bonds; the Mineola district defaulted
paying the annual interest to the extent of $600.00;
the Mineola district has called the bonds for pay-
meat of the principal.
"The Wood County Board of Education used the funds
in the Available Sohool Fund for administrative ex-
pense beneficial to all the conon school districts
NO COMMUNICATION 16 TO E CONSTRUED AS A DEPARTMENTAL OPIN1iON UNLESS APPROVED IY THE ATTORNEY GENERAL OR FIRST ASSISTANT
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Texas. Attorney-General's Office. Texas Attorney General Opinion: O-2271, text, 1940; (https://texashistory.unt.edu/ark:/67531/metapth259476/m1/1/: accessed April 18, 2019), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.