Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-02-13
Gossett's Bill Against corpo.
rate Perpetuitiesp
AND PROHIBITING THE SAME.
Full Text Of the Bill Reported Faoraby 10
the House.
Dogs 10 Be Educated in Tracking Criminals
The Man Who WaIlowed in the Gore Of
Jones-TO Perfect Legislation
Capital Notes.
GOssETT ON LAND MoNopotTEs.

GOSSETT ON LAND MONOPOIIES.
Austin, Tex. Feb. H.. -tSppciall AS
The Gazette some days since said would
he done, Mr. GOsset has submitted
TO the committee having the matter iu
charge, substitute for his original bin
ON land pcrpctuities.
After discussion the substitute was
accepted 10y the committee and reported
To the house with favorable recommcn-
datiOu.
This subject Is Of vital import.
oncc to Texas, % q. O, destined to re-.
ceive no small %, IN attention mt
the hands of the b. Isl, . H.. rurp. In
N'w of the interest rs II HS1. 1rs in
1t the bill rs here given ~ IN I'M
AN ACT TO define pcrpeiJi1. 10, !" 80.
vent land monopoly, to limit",. = gu.
late the use aud ownership ot auds
by corporations, and 10 provide FOR che
alienation, forfeiture and eschcat of
lands held In violation of the laws Of
Texas.
Section l. BE It enactcd 10y the legis.
laturu Of the state of Texas that the un-
restricted ownership of lands In this
state by private corporations Us a per-
petutN and Is hereby prohibited.
Section .. That no private corporation
heretofore or hereafter chartered or cree
ated whose main purpose or business
is the acquisition OF land hy purchase.
lease or otherwise. shall hereafter be
permitted TO acquire any land within
this state by purchase. lease or other
wise.
Section 3. That an private corpora.
-tiuus whose muin PURPOSE or business is
the acquisition of land hy purchase. lease
or otherwise of lands iu this state, shall
within fifteen years from the time this
nct takes elect make un actual bona
lide sale of Wl lands or interest therein
acquired before this act takes effect,
tD some citizen of the United States of
America, and shall within said fifteen
| years, by proper deed, convey 10 such
citizen in fee simple, all title to said
land.
Section T. That all private corpora.
| tons authorized by the laws of Texas
| ms provided I'm chapter lOl, article 5G6
/ nets of 1871, 22nd legislature. tO 30 bus.
| mess In this state whose main purpose
/ rs not the acquisition of lands us men
| toned I'm the preceding sections. which
/ have heretofore or may hereafter ace
! quire by Tense, purchase or otherwise.
more land than is necessary 20 enable
| them TO carry ON their business shall.
| within fifteen years from the time This
/ net takes effect or the date said land
| may hereafter be- acquired. I'm good faith
! sell and convey iu foe simple all lands
| so acquired. aud which are not necessary
| for the transaction of their business
And no private corporation shall be-
| permitted to purchase amy land under
! the provision OF this aud the preccding
| section. uulcss the lands so purchased
| are necessary 10 enable such corpora
ton To do business Ia this state.
Section >. All corporations holding
lands contrary IN the provisions of this
act shall hold the same subject tO for
| fixture and esCheUt proceedings aud IL
I lao ID NfatFfH
! cu, or other attorney appointed by the
| governor for that purpose, when hc Is
| informed or has reason 90 believe that
! any corporatIu Is holding lands in viola.
| ton of this act, tO institute suit m tho
| name of the state of Texas In the dis
| tri,t court of Travis county or iu the
| district cOur, of amy county IN Texas
| where such corporation may have au
| agent, or i'm amy county where any part
] of the land may be- situated, against
! such corporation us rs provided Bon utlu
| 80 i'm the revised civil statutes of 'teNu'
for the rscheGt of estates Of deceased
persons dying without devise thereof AND
Section g. " Il shall be- determined I'm
the trial of said suit that luuds are held
contrary to this act, the court tryiug
such cause shall enter Judgment con
dcmniug such lands aud ordering them
To be- sold az under execution. The pro
| ttttlN OF NliN hNlf ~ ~ NlllllfN ~ ~ ~
the payment of costs of such suit and
the balance to be- paid into the state
treasury subject 10 be paid TO the stock
holders or persons entitled To receive IN,
same M owners, upon proper proof mad,
within twelve months from the date OF
sale: and If the legal representatives OF
such corporation fail 20 cluim the SAID
balance Of money realized on sale OF
said land. then II shall cscheat absolutely
TO the state and be- applied TO the avail
able school fund Of the state Of Texas
The court trying said cause shall allow
the attorney representing the state a
reasonable Zee to be taxed rs costs in
the suit but i'm no case shall the stat,
be- liable for costs or fees unless it Is
successful IN such suit
Section T. That all laws In conflict
herewith be and the same are hereby
repealed.