The weekly democratic statesman. [volume] (Austin, Tex.) 1871-1883, 1883-02-22
Thirty-SecOnd Days Proceedings.
SENATE.


Thirty-SecOnd Days Proceedings.
SENATE.
AUSTIN, Feb. 16, 1888.
The senate met pursuant TO adj
iournment, Hon. A. W. Houston pre-
siding. and quorum present.
Prayer was offered by the chaplain,
Rev. DR.. Smoot.
On motion of Mr.. Chesley, reading
the journal was dispensed with.
On motion of Mr.. TraylOr, Messrs.
King, Buchanan and Shannon were
excused indefinitely.
PETITIONS.
Mr.. Evans: From the citizens of
Fannin county, asking amendment to
the local option law. Referred.
Mr.. Gibbs: From the citizens OF
the city of Dallas, protesting against
any amendment to the ehsrter of said
city. Referred.
Mr.. Gooch: From the citizens OF
Palestine, asking amendment to local
option law; and from the citizens OF
Corsicana, on the same subject. Re
ferred.
Mr.. Kleberg: From the citizens OF
Jackson county, asking to be released
from the payment of state tax for the
year 1882. Referred.
REPORTS OF STANDING COMMITTEES
Claims and Accountable. Tray
Tor, for committee, reported favor
ably upon the memorial of Louis
Eyles, praying for an appropriation
for the payment of certain school
vouchers.
REPORTS OF SPECIAL COMMITTEES
Mr.. Gooch, for committee of the
whole, presented report of its action
upon the resolution of instructions to
the committee on public lands, to as
sist them in framing bill for the sale
and lease of public school lands.
On motion of Mr.. Davis, action on
the report was deferred until the con-
clusion of the morning call.
BILLS AND RESOLUTIONS.
Mr.. Fowler: a bill to make certain
amendments to the school law. Re
ferred.
Mr.. Terrell: A bill providing for
the further regulation of railroad
companies in the state, and creating a
railroad commission and state engin-
eer; and prescribing their powers and
duties. Referred.
On motion of Mr.. Peacock, one
hundred copies of the bill were Or
dered printed.
Mr.. Matlock: A bill creating the
Wheeler, Oldham and Donelly county
land districts.
Also, bill to attach certain coun-
ties to the counties of Wheeler, Old
ham and Donelly for judicial pur-
poses. Referred.
Mr.. Gooch: A bill to authorize
and permit cities to pay their
bonds in less time than ten years; and
limiting the rate of taxation to pay
the same.
Also, bill directing officers of the
state how to compute the annual
available fund arising from the bonds
purchased for the school fund etc.:
An act directing the officers of the
state how to compute the annual
available fund arising from bonds
purchased for the school fnnd, and
other trust funds at a premium,
and providing against diminution
OF principal of the permanent
1ulluS, ucEtLOlOIe VI ucIcd1J6I III
vested.
Whereas, The state, by its officers,
has purchased for the special fund
and other trust or special funds, in
terest-bearing bonds at premium;
and
Whereas, The constitution provides
that the principal of such funds shall
remain permanently; and
Whereas, By establishing a sinking
fund QUITO the income of the bonds
purchased, to be paid in annual in
stallments, so that by the time the
bonds mature, the principal would be
equal to the amount actually invest
ed; and by computing the annual sur
plus above the sinking fund, as inter
est, Gas in fact it is the net income or
profit upon the original investment);
and
Whereas, By this mode of treating
the said accounts, the permanent fund
will never be diminished, and all the
actual profit of the investment will be
used; therefore
Section L. Be it enacted by the leg
islature of the state of Texas, That in
computing the available fund arising
from bonds purchased at a premium,
there shall be deducted from the an
nual income a pro rata amount annu-
ally, rs sinking fund, or principal,
so that by the maturity Of the bonds,
the principal will be restored to the
amount 1t was before the investment,
and the annual income over and above
said sinking fund shall be the availa-
bic fund; and the officers of the state
shall observe the requirements of this
act, in keeping the accounts relating
to said bonds and funds.
Mr.. Pope, a joint resolution, amend
ing the section of the constitution ex-
cepting wages for personal service to
punishment. Referred
Mr.. Perry: A bill providing for the
laying out and opening of public
roads. Referred.
Mr.. Farrar: Joint resolution amend
ing the constitutional provision for
taxation.
MIR. Davis: A bill authorizing the
attorney general to procure an official
seal for the use of his department.
Mr.. Pope: A bill to regulate tele-
graph companies in the state.
Mr.. Cooper, for the committee on
state affairs, recommended that 100
copies of senate bill granting certain
rights to the Gulf harbor company.
Ordered.
Mr.. Getzendaner: A resolution in
qRiring as to the expediency of Great
ing a superintendent of the free
schools of the state. Referred.
UNFINISHED BUSINESS.
The report of the committee of the
whole in reference to its action upon
the resolution of instruction to the
committee on public lands, for franz
ing bill for the sale and lease OF the
public school lands, was presented by
Mr.. Gooch, chairman, and was
adopted. Mr.. Pfeuffer voting in the
negative, under call of the previous
question
Mr.. Davis called for the ayes and
nays.
The chair ruled the call out of or
der.
Mr. Gooch. in order to give the