Untitled Texas Attorney General Opinion

Honorable 0. P. Lockhart, Chairman Opinion No. O-6036 Board of Insurance Commiesionere Re: Whether debentures created by Austin, Texas the authority of indentures or trust agreements which contain any of the several provisions for additional indebtedness, mentioned herein, are eligible for investment under Art. 4725, Vernon's Annotated Civil Stat- Dear Sir: utes. Your letter of May 17, 1944, requesting the opinion of this department regarding the matters stated therein, is in part, as follows: "Please see the amendment by the Forty-eight Legislature to Article 4725 as follows: " . . . I find…