Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-01-14
lRPORATE OWNERSHIP or
LAND.


nain, Texas. Jan. 13-(Special.) y
bl Introduced into the house by
Ge4u 10 prohibit the further ne
|iiN Of lands by corporations IL the
as va introduced 10y him nc the
lar session Of the Twenty-second
ainn and was reported fnvornhly
lndeary commute No !, Brown
chairman. AA similar measure was
alei IN the senate and II was on
. account not pr'ssed 20 passage by
.uihcr llm foil text of the measure,
NJ will probohly be adopted ms re-
81 10 the demand Of the Democratic
IIorm on the subject Is az follows:
aei 70 limit aud regulate the owner
fp Of lands 10y private corporations,
\ 70 provide for the escheat Of lands
n contrary To law.
Whereas, the right TO create perpetuir
ava monopOlles Is by the constitution
Ilally excepted ont OF the powers OF
mment, and whereas, the unlimited
nhip Of lands by corporations In
s'ale OF Texas Is a perpetuity. and
PEI 70 the spirit of our hin OF rights
sound public policy; therefore.
svuol l. he Il enacted by the legis-
m Of ihe state Of Texas. That II
hereafter be unlawful for any cor
luou' whether domestic, foreign or
20 own lands by fee simple title.
y sueh an amount only as Is neces-
~ manufacturing, transportation.
Anlch and other purposes for which
sv'porauon Is created; provided,
~ corporation can own land for
PURPOSE except such as are nuthor-
y 10 business In this state by the
oI 1he state Of Texas
l1uYh All private corporationA
usliIIlng ownership of land Ia the
M texas IN excess Of the amount
'ng required for the pufposes for
Nnhln the next ten years n fter this
la 800 alternate the same by
fsa e corporation was created,
~ Aue conveyance 10 natural pei-
" PERSONS citizens Of United States
sggs,wSa' aud failing to do 80. such
,'4ll DC subject to fofeiture and
/" proceedings as herein after pro
cion 3. Corporations. domestic
so.oO ~ anep' may take hold, assign,
4 N ,. s.h or buy under mortgage,
4 a !sl' or In due course of Justice
Y, 'ue state Of Texas, 40 secure the
E q uebt heretofore, ,r hereafter
49,, subject TO the Provisions n.
is,ssefulng section in reference 10
ker,,os OF said lands in ten wears
.gl T. Any corporation o,vning
lsiops ~ ms state contrary to the
10 agea this act, and which shall
Al Ieua,e same within the time
AZ nstelnbefore provided sbon for
s ,,suts and title TO such lnnd ami
tiet shau escheat as Hereinafter
rs IVY ., Il shall be the dutv of tho
m General Of the state az TevaS
} tbat 'niorhled or has reason 10 be-
8 con,raSpy corporation is holding
name wv WV 10 this act, TO institute I'm
4 Go ~ the state of Texas aeainst
4 rlpDplahqn in Ike manner ms a.
M drrn luedhy chapter 3G NJ y,
bersor STATUTES for escheat Of eltotes
ks,;ns pying with demise tbereos
-a,ing no heirs ''Af lhefeot
Ky y u Il shal be d,,or,,,,,,,
coetss.sl q said suit that lands ars
snch ,ah % THIS act, the court trv-
|ning sno oee snail enter Judgment con.
N , ,eSh land and orderine Il ~ IN ~
uch ssi@ execution. Tho proceeds
sncnt ~ % be applied FIRST 10 lie
nee u q sosts Of such suit ap9 t tI,e
s,t ~ p0ll into ina ~. t'N
\ M such persons entitled y s,oI y.
u msa sape as own era ' nnon ,, 80 re-
y 4 sale, and II legal I renresd 6gp =
"a sa gn eolporatioas fail - c,aim
tlr " siia iheo Il shan esebeet nv v,
ifailst KY state and be- onnlied "
gtsx school fund Of tie state
slss. i asn la lSpeciol TN, ~ tr,,,,,
3, e Ne a,tentioSa ra as border are en-.
his asFal and an n e os,i,,atio, ep 4
'sioe course % " q win determin,
sQusse s ', Il : reported tba, g 4 tr,, r.
Heuelo is the military y 'r svs