The Laws of Texas, 1937-1939 [Volume 31] Page: 463 of 1,313
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TITLE: CARRIERS.
CHAPTER 1.
PERMITTING SALE AND TRANSFER OF CONTRACT
CARRIER PERMITS.
H. B. No. 224.]
An Act amending Section 6 of Article 911b, Title 25 of the Revised Civil
Statutes of the State of Texas, 1925, as amended, by adding a new
section to Section 6 to be known as Section 6 (f); by providing for
the sale and transfer of contract carrier permits issued under the provisions
of this section of the Act; by providing the method and manner
of transferring said contract carrier permit; and declaring an emergency.
Be it enacted by the Legislature of the State of Texas:
SECTION 1. That Section 6 of Article 911b of Title 25 of the
Revised Civil Statutes of the State of Texas, 1925, as amended,
be amended so as to add paragraph (f), which shall read as follows:
"(f) Any contract carrier permit held, owned, or obtained by
any motor carrier operating under the provisions of Section 6
may be sold, assigned, leased, transferred, or inherited; provided,
however, that any proposed sale, lease, assignment, or
transfer shall be first presented in writing to the Commission
for its approval or disapproval and the Commission may disapprove
such proposed sale, assignment, lease, or transfer if it
be found and determined by the Commission that such proposed
sale, assignment, lease, or transfer is not in good faith or that
the proposed purchaser, assignee, lessee, or transferee is not
capable of continuing the operation of the equipment proposed
to be sold, assigned, leased, or transferred in such a manner
as to render the services demanded in the best interest of the
public; the Commission in approving or disapproving any sale,
assignment, lease, or transfer of any permit may take into consideration
all of the requirements and qualifications of a regular
applicant required in this Section, and apply same as
necessary qualifications of any proposed purchaser, assignee,
lessee, or transferee; provided, however, that in case a permit
is transferred that the transferee shall pay to the Commission a
sum of money equal to ten (10) per cent of the amount paid as
a consideration for the transfer of the permit which sum of ten
(10) per cent shall be deposited in the State Treasury to the
credit of the Highway Fund of the State; provided further, that
any permit obtained by any motor carrier or by any assignee or
transferee shall be taken and held subject to the right of the
State at any time to limit, restrict, or forbid the use of the
streets and highways of this State to any holder or owner of such
permit. Every application filed with the Commission for an or-
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1937-1939 [Volume 31], book, 1939; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth18824/m1/463/: accessed April 25, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .