Untitled Texas Attorney General Opinion ( 1947 )

PRICE DANIEL
ATTORNEYGENew
April 19, 197
Hon. Paul R.~Bmnm Opiaion R0. V-156
secretary of stpt@J
Austin;.Texas ! Re: The euthorlty of the Sk-
re$ary of State to a0eept,
sis.psyaent.
for~cepltsl
stock, legal aervlces ren-
dered before the filillgof
Deer Sir: obai-tta~~spplicrtfoa.
th6 foxi&ag w&a ior
AiR. xy xy. co. v. Grar&w, .Texas350;'
4cAllster v. ‘&Clipse Oil Co., 92 S.W. (26)
545; end 8 T.L’;& 20&. . .::
‘%~a tbe'rttoraey~s Sees ~aadeti theSe o.b-
cumstewe.bbe.scoepted by thla.ditoe a8 pep-
meritfor oopital stwk?"
The NLQ bf XuW #Qlioeble'to the fact8 abWe
met forth La Meted la the lnirshin the case of Heok-
neg V. York, la s.u. (28)92
"?;.
"rt was cle&~Qg held inW@therford,
M. W. % N. W. BaLlwey Co..v. Qmnger, 86
Tex. 350, 24 8.~. 795, W&n. St. Rep, 837,
that theofeieo.fsa attorney IIn advising 8s
to thexwtid%es of iuco~aratloa aad in cor-
rectitqj end preparine:tb&e~*peF' aoulB "t
:.
Hon. Paul H. Brown - Psge 2,~V-l56
be charged egainst the oox-poetloneiter
the flllag of Its charter, id the absence
of e provlalon In the statutes or in the
articles of lnoorporeflqkorotlngthis
burden upon It."
..
!Cheattorney'sfeesfor such leg81 services.,
08MO$ be aooepted in pert pa-& or theol+taZ st*lr;...
of sold corporatiou.'
SUMMARY
Legel eemlces rendered prior to ln-
oorporatlomdo-not oomitltute labor done
a0 as to oonstltutepeyment of nepltal
stook subaor%bed sWi~~ttm:p*~~visione sot .
Article XII, Section 6, 4?otm$itutOn~ot").
-.
Texab or,Artiole1308, .RevlsedCivil Stat-
tltea1pi wyv,, 1925,; ..~ Ai
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