Texas Almanac, 1947-1948 Page: 57
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STATE CONSTITUTION
Article Ill.-(Continued.)
($25,000,000) dollars in bonds or obligations
of the State of Texas for the purpose of
creating a fund to be known as the veterans'
land fund Such bonds shall be executed
by said board as an obligation of the State
of Texas in such form, denominations, and
upon such terms as shall be prescribed by
law, provided, however, that said bonds shall
bear a rate of interest not to exceed three
per cent (3%) per annum.
In the sale of any such bonds a preferen-
tial right of purchase shall be glen to the
administrators of the various teacher retire-
ment funds, the permanent university funds
and the permanent free school funds, such
bonds to be Issued only as needed, in the
opinion of the Veterans' Land Board under
legislative author zation
The veterans' land fund shall be used by
the board for the sole purpose of purchasing
lands suitable for the purposes hereinafter
stated, situated in this state (a) owned by
the United States, or any governmental
agency thereof, (b) owned by the Texas
piison system, or any other governmental
agency of the State of Texas, or (c) owned
by any person, film or corporation
All lands thus purchased shall be acquired
at the lowest price obtainable, be paid for in
('ash, and shall be a part of the veterans'
land fund.
The lands of the veterans' land fund shall
be sold by the State to Texas veterans of the
piesent war or wars, commonly known as
WVorld War II, in such quantities, and on
such terms, and at such prices and such l ates
of interest, and under such rules and i egu-
lations as may be piescilibed by law, pro-
%ided, however, that any such lands iemain-
ing unsold at the expiration of eight (8)
years after the effective date of this amend-
ment may be sold to anyone as shall be
prescribed by law.
All moneys received and which have been
received and which have not been used for
repurchase of land as provided heiein by the
Veterans' Land Board from the sale of lands
and for interest on deferred payments shall
be credited to the veterans' land fund for
use in purchasing additional lands to be sold
to Texas veterans of World War II, in like
manner as shall be provided for the sale of
lands purchased with the proceeds from the
sales of the bonds, provided for herein. for a
period of eight (8) years from the effecti e
date of this amendment, provided, however,
that so much of such moneys as may be
necessary to pay interest on the bonds herein
provided foi shall be set aside for that pui-
pose. After eight (8) years from the effective
date of this amendment, all moneys received
by the Veterans' Land Board from the sale
of the lands and interest on deferred pay-
ments, or so much thereof as may be neces-
sary, shall be set aside for the retirement
of said bonds and to pay interest thereon,
and any of such moneys not so needed shall
be deposited to the credit of the general
revenue fund to be appropriated to such
purposes as may be prescribed by law.
[Note -The foregoing Sec. 49-b of Art III is
an amendment added for the stated purpose of
aiding war veterans in land purchases Submitted
by Forty-Ninth Legislature (1945), and ratified
in a special election Nov 7, 1946 It was by error
that the date was set as Nov 7 instead of Nov 5,
which was the general election date ]
Sec. 50. Credit of State Not to Be Pledged.
-The Legislature shall have no power to
give or to lend or to authorize the giving or
lending of the credit of the State in aid of,
or to any person, association or corporation,
whether municipal or other, or to pledge the
credit of the State in any manner whatsoever,
for the payment of the liabilities, present or
prospective, of any individual, association of
individuals municipal or other corporation
whatsoeverSec 51 The Legislatur e shall hate no
pow er to make any giant or authorize the
making of any grant of public moneys to any
individual, association of individuals. munici-
pal or other corporations whatsoever , pro-
ldted however, the Legislature may giant
aid to indigent and disabled Confederate
soldiers and sailors under such regulations
and limitations as may be deemed by the
Legislature as expedient and to their widows
in indigent circumstance, under such regula-
tions and limitations as may be deemed by
the Legislatut e as expedient to indigent and
disabled soldiers, who under special laws of
the State of Texas during the WVar Bet een
the States, served in organizations for the
protection of the frontlet against Indian raids
or Mexican mai aude, and to indigent and
disabled soldiers of the militia who were in
active service duimng the War Between the
States and to the widows of such soldie s,
who are in indigent circumstances, and who
are or may be eligible to receive aid under
such regulations and limitations as may be
deemed by the Legislatu e as expedient and
also grant for the establishment and main
tenance of a home fri said soldiers and
sailoi s, their wvves and v dli).s and women
who aided in the Contedei acy under such
regulations and limitations as may be pro-
vided for by law , p oided the Legislature
may pr ov ide for husband and wife to remain
together in the home There is hereby levied
in addition to all other taxes heretofore per-
mitted by the Constitution of Texas, a State
ad valorem tax on property of seven (SO 07)
cents on the one hundred i$100) dollars valu-
ation for the purpose of ci eating a special
fund for the payment of pensions for services
in the Confederate Army and Navy, frontier
organizations and the nuilitia of the State of
Texas, and for the n idow s of such soldiers
serving in said armies navies, organizations
or militia, piov ided that the Legislature may
reduce the tax late her ein levied, and pro-
vided, further, that the provisions of this
section shall not be construed so as to pre-
vent the grant of aid in cases of public
calamity
[Note -The foregoing See 51 of Art III, in
its present form, is the result of much amend-
ment The orii nal Sec 51, which proibited all
grants of public money to indr idual. ,assrcia-
tions, ete , with the single exception of cases of
"public calamity," has been amended seven times,
as follows (1) Establishing Contederate ttHome
Submitted by Ti enty-Third Legislature (1893
and ratified at ele trm No4 b 1894. and pro-
claimed adopted Dec 21, 1')4 (2) Providing for
pensions for Confederate veterans from appro-
piiatirns not to exceed 5250.,000 annually Sub-
mitted by Twenty-Frith Legislature (1'7) and
adopted at electron. Nov 1 1818, and proclaimed
Dec 22, 1898 (3) Raising amount that might be
appropriated for Confederate pensions from $250 -
000 to $500.000 annually Submitted by Twenty-
Eighth Legislature (1903), adopted in election,
Nov 8, 1904, and proclaimed Dec 29. 1904
(4) Increasing authorized maximum appropria-
tions for Confederate Home from $100,000 to
$150,000 annually Submitted by Thirty-First Leg-
islature (1909), adopted min election, Nov 8, 1910,
and declared adopted Dec 31, 1910 (5) Author-
izing 5c ad valorem tax for Confederate pension
fund-also omitting "public calamity'" clause
Submitted by Thirty-Second Legislature (1911),
adopted Nov 5, 1912. and proclaimed Dec 30,
1912. (6) Authorizming 7e ad talorem tax for Con-
federate pension fund-also reinstating 'public
calamity" clause Submitted by Thirty-Eighth
Legislature (1923) and adopted Nov 4, 1q24
(7) Eliminating specific restrictions upon grants
of aid to Confederate soldiers, sailors and others
with respect to date of removal to Texas. etc ,
and conferring such authority upon the Legisla-
ture Submitted by Fortieth Legislature (19r27
ratified Nov 6, 1928, proclaimed Feb 6. 1929 I
Sec. 51-a. The Legislature shall have the
power, by general laws to pro,ide subject
to limitations and resti actions herein con-
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Texas Almanac, 1947-1948, book, 1947; Dallas, Texas. (https://texashistory.unt.edu/ark:/67531/metapth117136/m1/59/?rotate=270: accessed April 25, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Texas State Historical Association.