The Laws of Texas, 1931-1933 [Volume 28] Page: 93 of 2,111

FORTY-SECOND LEGISLATURE-FIRST CALLED SESSION. 85
VALIDATING NOTE, BOND AND WARRANT ISSUES
BY CERTAIN CITIES.
S. B. No. 49.] CHAPTER 40.
An Act validating all issues of funding and refunding notes, bonds, warrants,
time warrants, and treasury warrants hertofore issued or authorized
to be issued and attempted to be issued by any and all cities
in the State whether incorporated under General or Special Laws, and
all cities operating under charters adopted under the provisions of
Article 11. Section 5 of the Constitution of Texas, having a population
in excess of One Hundred Seventy Five Thousand according to
the last preceding United States Census, issued and attempted to be
issued under authority of H. B. No. 312 of the Forty-second Legisla_
ture; and validating all orders of the governing bodies of such cities
pertaining to suich issues of such funding or refunding notes, bonds,
warrants, time warrants and treasury warrants, and all orders by said
governing bodies of said cities levying and assessing taxes to provide
for the payment of interest and principal of such notes, bonds, warrants
time warrants, and treasury warrants as they respectively matlre:
and declaring an emergency.
Be it enacted by the Legislatere of the State of Texas:
SECTION 1. All findings and funding and refunding notes,
bonds, warrants, time warrants and treasury warrants heretofore
issued or authorized to be issued and attempted to be issued
by any and all cities in the State, whether or not incorporated
under General or Special Laws, and any and all cities operating
under charters adopted under the provisions of Article 11, Section
5, of the Constitution of Texas, having a population in excess
of One Hundred Seventy Five Thousand (175,000) according
to the last preceding United States census, and which
were heretofore issued, authorized to be issued, or attempted to
be issued under authority of H. B. No. 312 of the Forty-second
Legislature, are in all respects validated.
SECTION 2. All orders of the governing bodies of such cities
authorizing such issues of funding and refunding notes, bonds,
warrants, time warrants and treasury warrants, or attempting
to authorize the same, or any of the same, are in all respects
validated.
SECTION 3. All orders of said governing bodies of said cities
directing the levying and assessing of taxes to provide for the
payment of interest and principal of such funding and refunding
notes, bonds, warrants, time warrants and treasury warrants,
as they respectively mature, are in all respects validated.
SECTION 4. The fact that a number of cities of this State of
the designated class, operating under general and special charters,
and operating under charters adopted under provisions of
Article 11, Section 5 of the Constitution of Texas, have issued
and authorized to be issued and attempted to issue such funding
and refunding notes, bonds, warrants, time warrants and treasury
warrants, and the fact that some question has arisen as to
the validity thereof, which has resulted in confusion and uncertainty
as to validity thereof and has prevented such issues