Untitled Texas Attorney General Opinion

PRICE DANIEL ATTORNEY GENF.RAL April 0, 1947 Hon. George H. Sheppard Opinion No. V-123 Comptroller of Public Accounts Austin, Texas Re: Possible exemptions from ad valorem taxes of prop- erties belonging to The ‘. Fair Foundation. Dear Sir: You have requested an opinion from this department as to whether or not the properties belonging to The Fair Foundatiotf are exempt from ad valorem taxes. The copy of the trust indenture which you enclosed with your request discloses the following facts. In November, 1937, Robert Walter Fair and wife, Mattie Fair, settlers, desiring to create a charitable…