Journal of the Senate of Texas being the Third Called Session of the Forty-Second Legislature Page: 61
This legislative document is part of the collection entitled: Texas Senate Journals and was provided to The Portal to Texas History by the UNT Libraries Government Documents Department.
- Highlighting
- Highlighting On/Off
- Color:
- Adjust Image
- Rotate Left
- Rotate Right
- Brightness, Contrast, etc. (Experimental)
- Cropping Tool
- Download Sizes
- Preview all sizes/dimensions or...
- Download Thumbnail
- Download Small
- Download Medium
- Download Large
- High Resolution Files
- IIIF Image JSON
- IIIF Image URL
- Accessibility
- View Extracted Text
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
SENATE JOURNAL. 61
the ownership of the oil and gas
and other minerals therein; and
providing that oil and gas leases
heretofore or hereafter executed by
the repurchasing land owners on
any lands repurchased under said
Acts with a one-sixteenth reserva-
tion of oil and gas in favor of the
State shall be validated and that
the lessees under such leases shall
pay to the State a free royalty equal
to one-sixteenth of the value of the
oil and gas that may be produced
and saved from said lands and that
no further liability, obligation or
payment shall be due to the State
from the repurchasing land owners
or their lessees or assignees on ac-
count of the State's one-sixteenth
interest in the oil and gas; and
providing how such royalty pay-
ments shall be made; and further
providing that where the prior for-
feited sales were made without
mineral reservation, the repurchase
contracts made under said Repur-
chase Acts shall be deemed to have
been made without mineral reserva-
tion in favor of the State; and de-
claring an emergency.
4. An Act amending Article 5326
Revised Civil Statutes, providing
that the failure to pay any portion
of the interest of the unpaid pur-
chase money of lands sold by the
State shall subject the sale of said
land to forfeiture; providing where
such sale is forfeited for the resale
of said land, the terms and condi-
tions of such resale, and giving a
preference right to the person own-
ing the land at the time the sale
was forfeited to repurchase the
same within one year after the date
of forfeiture, for an amount equal
to the sale price that was forfeited
plus all accrued interest; providing
that where the forfeited sale was
on a mineral classification that the
resale shall reserve to the State and
to the fund to which the land be-
longs, a one-sixteenth free royalty
interest in all minerals in the land,
and declaring an emergency.
5. An Act for the relief of
Water Improvement Districts and
Water Control and Improvement
Districts and declaring and provid-
ing for such districts the power to
make contracts with, sell securities
to, and borrow money from, the
Reconstruction Finance Corporation,
and defining the terms and condi-tions upon which and the manner
in which said powers may be exer-
cised, and providing the purpose for
which the money so borrowed may
be expended, and providing how and
in what manner the repayment of
such borrowed money may be se-
cured out of certain income and
revenues of such districts, and pro-
viding certain rights and remedies
for the enforcement of such secur-
ity, and for said purposes created
the "Loan Fund Charge," and pro-
viding for the proceeds of said Loan
Fund Charge to be kept in a sep-
arate fund to be known as the
"Loan Fund" to be used and dis-
bursed for no other purpose than
to pay the principal and interest
of the money borrowed, and provid-
ing that the action of the Board of
Directors of the district in fixing
the Loan Fund Charge and in fixing
the total annual charges or assess-
ments for maintenance and opera-
tion purposes shall not be review-
able by the State Board of Water
Engineers, and providing that such
borrowed money may be secured by
pledging all or any part of certain
present and future income of such
districts and by pledging upon cer-
tain terms and conditions unsold
bonds of such districts theretofore
authorized by such districts for the
purpose for which said monies are
borrowed, and providing that any
such district may secure the pay-
ment of any such borrowed money
by all or any of the means provided
in this Act, and providing that all
powers conferred in this Act are
in addition to and cumulative of
existing powers possessed by such
districts, and providing the manner
in which such powers may be ex-
ercised by the Board of Directors of
such districts and declaring an
emergency.
6. An Act for the relief of
Water Improvement Districts and
Water Control and Improvement
Districts, and empowering such dis-
tricts without an election to refund
outstanding bonded indebtedness in-
cluding matured and unpaid interest
coupons and accrued interest, and
prescribing the manner in which and
the terms and conditions upon which
same may be refunded, and pre-
scribing the duties and functions of
the Attorney General and Comp-
troller of the State in connection61
SENATE JOURNAL.
Upcoming Pages
Here’s what’s next.
Search Inside
This document 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 Legislative Document.
Texas. Legislature. Senate. Journal of the Senate of Texas being the Third Called Session of the Forty-Second Legislature, legislative document, 1932; (https://texashistory.unt.edu/ark:/67531/metapth142181/m1/67/?q=%22%22~1: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.