Untitled Texas Attorney General Opinion

Haroh 16, 1949 Hon. Robert S. Calvert Comptroller OS Public Aooounts Austin, Texas Opinion No. V-787. Re: The legality OS accepting drainage and navigation district bonds as soouri- ty to be pledged by a bank to act as a oounty depository. Dear Sir: Reference is made to your recent request rhioh reads in part as follows: “Please advise this department whether or not Drainage and Navigation District Bonds may be classed as municipal bonds, and, there- fore, be acceptable as security to be pledged by a bank selected as a County Depository, as provided for in Article 2547 Vernon’s Annota- tea…