The Laws of Texas, 1934-1935 [Volume 29] Page: 105 of 2,086
1 volume (multiple pagings 2,086 pages total); 25 cm.View a full description of this book.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
FORTY-THIRD LEGISLATURE-SECOND CALLED SESSION. 95
time to time, in accordance with the terms of such agreements,
and all of the provisions thereof shall be enforcible by appropriate
proceedings at law or in equity, or otherwise.
SEC. 3. That the Board of Regents may use a part of the
proceeds of the sale of any notes or bonds issued hereunder for
the purpose of furnishing and equipping, in whole or in part,
the building herein authorized to be constructed.
SEC. 4. That all revenues pledged hereunder for the payment
of notes or bonds issued under the terms of this Act shall
as collected be paid directly to the Comptroller of the University.
The Board of Regents is authorized to select a depositary
bank as a place of deposit of such revenues and shall require
adequate surety bonds or securities to be posted to secure the
deposit of such revenues. Any depositary bank or banks so
selected are hereby authorized to pledge their securities to protect
such funds. Separate accounts shall be kept on the books
of the University showing the sources of all revenues so collected
and the disposition made thereof.
SEC. 5. That all contracts or agreements heretofore entered
into by the Board of Regents in furtherance of the purposes of
this Act be and the same are hereby ratified, confirmed and
validated in all respects as though this Act had been in effect
at the time of the making of such contracts or agreements.
SEC. 6. That if any clause, section or part of this law shall
be held to be invalid such invalidity shall have no effect on the
remainder of the law, and that said remainder shall continue
to be in full force and effect.
SEC. 7. That all laws or parts of laws, in conflict herewith,
be and the same are hereby repealed.
SEC. 8. That the fact that the University of Texas is in
urgent need of the building authorized to be acquired hereunder,
and the fact that the Board of Regents of said University
will be able to borrow money under the provisions
hereof only if arrangements for such loan can be promptly
completed, creates an emergency and an imperative public
necessity that the Constitutional Rule requiring laws to be read
on three several days in each house be suspended, and that this
Act shall take effect and be in force from and after its passage,
and said Rule is hereby suspended and this Act shall take effect
and be in force from and after its passage, and it is so enacted.
[NOTE.-S. B. No. 25 passed the Senate, February 15, 1934,
by a vote of 30 yeas, 0 nays; passed the House, February 21,
1934, by a vote of 115 yeas, 7 nays.]
Approved March 7, 1934.
Effective March 7, 1934.
Upcoming Pages
Here’s what’s next.
Search Inside
This book can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Book.
Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1934-1935 [Volume 29], book, 1935; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth17292/m1/105/: accessed April 24, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .