Untitled Texas Attorney General Opinion

Honorable Robert S. Calvert Opinion No. M-1289 Comptroller of Public Accounts Finance Bulldln Re: Whether certain oil refinery Austin, Texas 7Qr711 units on 011 company land when severed by sale and leased by oil company from owner, are personal property, and whether the contract Involved is lease or flnanc- Dear Hr. Calvert: ing agreement. We are in receipt of your request for an official opinion, quoted as follows: “Signal Oil & Gas Company has entered into con- tracts with contractors to build on ite propei‘ty at Its Houston refinery four refinery units Iso- Slv’ Unit, Ethyl Benzene Unit,…