Texas Attorney General Opinion: V-466 Page: 2 of 4
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342 Honorable Paul H. Brown, Page 2 (V-466)
"(a) To buy livestock, poultry, and products of
ranch, farm, dairy and creamery, and the by-products
thereof, and manufacture, process, and sell such pro-
ducts and by-products.
."(b) To buy, manufacture, and sell feeds, ferti-
lizers, insecticides and fungicides.
"Sec. 2. Any corporation which includes in its
charter or any amendment thereto both of the powers
named in Section 1(a) and (b) hereby shall pay the
franchise tax provided by law for each of said powers
or purposes. No corporation authorized under the
provisions of this Act shall be permitted to own or
operate more than one establishment or business
under the same charter without paying the chain store
tax provided in Chapter 400, Acts of the First Called
Session of the Forty-fourth Legislature, as amended,
on each such establishment or place of business from
which it makes sales of any such products or by-pro-
ducts. This Section shall not apply to associations
organized under Chapter 8, Title 93, of the Revised
Civil Statutes of Texas of 1925, controlling Marketing
Associations."
Section 1 of Chapter 252, Acts of the Forty-ninth Legis-
lature, was amended by Chapter 237, Acts of the Fiftieth Legislature,
1947, as follows:
"Section 1. That Section 1 of House Bill No. 375,
Chapter 252, Acts of-the 49th Legislature of the State
of Texas, Regular Session, 1945, page 390, be and the
same is hereby amended so as hereafter to read and
provide as follows:
"'Section 1. Corporations may be formed in
the manner provided by General Law, to exercise
either or both of the following powers:
"'(a) To buy livestock, poultry, and products
of ranch, farm, dairy and creamery, and the by-pro-
ducts thereof, and manufacture, process and sell such
products and by-products;
"'(b) To buy, manufacture, and sell feeds, ferti-
lizers, insecticides, fungicides, soaps and cleansers.'
(Emphasis added)
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Texas. Attorney-General's Office. Texas Attorney General Opinion: V-466, text, December 30, 1947; (https://texashistory.unt.edu/ark:/67531/metapth265285/m1/2/?rotate=90: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.