Texas Attorney General Opinion: WW-1048 Page: 1 of 4
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THE A-ioRNCEY GENERAL
OF TEXAS
AUSTIN 11, TExAs
WVILL WILSON
A'EflORNEY GENERAL
May 9, 1961
Honorable Ben Ramsey Opinion No. WW-1048
Lieutenant Governor
Capitol Station Re: Whether the Legislature
Austin 11, Texas may retire outstanding
bonds issued by Texas
Southern University, and
Dear Sir: related questions.
You have requested an opinion on the following ques-
tions:
"1. Would an appropriation by the Legislature
from the General Revenue Fund for the retire-
ment of outstanding bonds issued by Texas
Southern University pursuant to Article 2643g,
be a valid and effective means of liquidating
such indebtedness? One aspect of this question
is whether such outstanding bonds are callable
without the consent of the bond-holders.
"2. If the method indicated in the question
above is a valid and effective means, would it
result in freeing up Texas Southern University's
share of the College Building Fund for the con-
struction of additional buildings now needed at
that institution?
"On both questions, the last clause in Section 17,
Article 7 of the Constitution appears to be perti-
nent.
"3. If, in your consideration of questions 1 and
2, you find the method to be of doubtful validity
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Texas. Attorney-General's Office. Texas Attorney General Opinion: WW-1048, text, May 9, 1961; (https://texashistory.unt.edu/ark:/67531/metapth267660/m1/1/?q=Lamar+University: accessed June 7, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.