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Honorable George B. Butler - Page 4 V-153 Investment may be made under Section 3 of Article 4725, V.C.8., in a class or type of stock having the required dividend paying record, though investment may not be made in another class or type of stock of the same corporation upon which such corporation has failed to pay dividends during any one or more of the past five years Opinion No. 0- 4295a. Yours very truly ATTORNEY GENERAL OF TEXAS By Ned Mc Daniel NMc/JMc /me Assistant APPEVEDA 23 1947 A NE ENERAL