Untitled Texas Attorney General Opinion

.. .. THEA ~EZNJ~Y GENERAL OF %-EXAS Honorable J. W. Edgar Opinion No. WW-1094 Commissioner of Education Austin, Texas Re: Validity of a provision in a deed to a school district that if the prop- erty is sold the proceeds above the purchase price paid by the school district shall be divided between the school and its grantor under the facts stated and Dear Dr. Edgar: related question. Your letter of March 14, 1961, asking for an opin- ion from this office reads as follows: "For long prior to July, 1946, the Waco Independent School District existed and operated as a municipally controlled…