Bryan daily eagle and pilot. [volume] (Bryan, Tex.) 1909-1918, 1913-04-29

suance of Bonds for the Purpose
of the Construction of the Neces-
sary Buildings for the University
of Texas and Also for Buildings of
Various institutions, and Authoriz-
Ing Improvement Bonds for the
Purpose of Navigation, Irrigation,
Construction of Bridges, ana the
Maintenance and Operation Of
Public Warehouses.
Is. J. r. No. 1877
SENATE JOINT RESOLUTION
To be entitled A Joint Resolution pro
posing and submitting to a vote
of the people of Texas an amend
ment to Sections 40 and So of Ar
ticle of the Constitution, author
izing the issuance of bonds and
the levying of tax to pay the
interest and sinking fund on same
for public improvements.
Be it resolved by the Legislature of
the State of Texas:
Section /. That Sections 40 and 81
OF Article 3 of the Constitution of
Texas be amended so as to hereafter
read as follows, to wit:
Section 40. No debt shall be created
by or on behalf of the State except
to supply casual deficiencies of rev.
enue, repel invasion, suppress insur-
rection and defend the State in war or
pay existing debts, and no debt Gre
ated to supply deficiencies in current
revenues shall ever exceed in the az
gregate at any one time five hundred
thousand dollars. The Legislature.
however, shall have power to author
lie the issuance of bonds, to be ap-
proved by the Governor, for the pur-
pose of purchasing additional ground
and erect necessary buildings for the
University OF Texas, including a med
ical department, an Agricultural and
Mechanical College and all depart
ments and activities of a complete
university of the first class. The rev.
enue received from the permanent
University fund shall be available for
the payment of interest on these bonds
and for the creation of sinking fund
for their redemption at maturity, and
the Legislature shall also have power
to issue bonds for the construction of
necessary buildings for State institu.
tons. The Legislature shall also have
the power to authorize the issuance
of bonds secured by lien on the real
property of the penitentiary system,
to be approved by the Governor, for
the purpose of constructing buildings
and making permanent improvements,
Section So. The Legislature shall
have no power to authorize any coun-
ty, city, town or other political cor
poration or subdivision of the State
to lend its credit or to grant public
money or thing of value in aid OF or
to any individual, association or cor
poration whatsoever, or to become a
stakeholder in such corporation, asso-
citation or company; provided, how
ever, that under Legislature pro-
visions any county, any political sub
division Of county, any number of
adjoining counties or any political sub
division of the State or any defined
district now or hereafter to be de-
scribed and defined within the State
of Texas, and which may or may not
include towns, villages or municipal
corporations, upon a vote of a major
ity of the resident property taxpayers
voting thereon who are qualified cleo
tors Of such district or territory to be
affected thereby, in addition to all
other debts may issue bonds or other
wise lend its credit in any amount not
to exceed one-fourth of the assessed
valuation of the real property of such
district or territory, except in case of
improvement of rivers, creeks, and
streams, in building of levees to pre-
vent overflows, in which case the
bonded Indebtedness may be for an
amount not to exceed one-half of the
assessed valuation of the lands of the
district to be reclaimed; and, except,
further, that the total bonded indebt-
edness of any city or town shall never
exceed the limits imposed by other
provisions of this Constitution, and
levy and collect such taxes to pay the
interest hereon and provide a sinking
fund for the redemption thereof as
the Legislature may authorize and in
such manner as it may authorize the
same for the following purposes, to
wit:
(a) The Improvement of rivers,
creeks and streams to prevent over
flows, and to permit of navigation
thereof or irrigation therefrom or in
aid of such purposes.
(b) The construction and mainten-
ance of pools, lakes, reservoirs, dams,
canals and waterways for the pur.
poses of irrigation, drainage or navi-
cation or in aid thereof.
(c) The construction, maintenance
and operation of bridges and macad-
amized, graveled, sandy clay, or
clayed sand or paved roads and turn
pixies or in aid thereof.
I'd The construction, maintenance
and operation of public warehouses or
in aid thereof.
Sec 2. The foregoing amendment to
Sections 40 and 81 of Article Of the
Constitution of Texas shall be sub
mitted to the qualified electors Of this
State for adoption or rejection at a
special election hereby ordered for the
third Saturday in July, 1913, the same
being the nineteenth day Of said
month. All voters on this proposed
amendment at said election who favor
it's adoption shall have printed or
written on their ballots the following:
For amendment to Sections 40 and
So of Article 3, of the Constitution,
authorizing the issuance Of bonds for
A. Troivoreitp ~ TaYac Apripu1tura |