Journal of the Senate of Texas being the First Called Session of the Forty-Third Legislature Page: 13
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.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
SENATE JOURNAL. 13
States of America of the purchase
price, and the money derived from
the sale thereof shall be immediately
deposited by the Commission with
the State Treasurer of Texas to be
safely kept by him in a fund separate
and apart from any and all other
funds of the State of Texas, to be
known as "State Relief Bond Ac-
count," said fund or account to be
kept in the name of the Texas Re-
habilitation and Relief Commission,
and subject only to lawful warrants
drawn at the order of said Rehabili-
tation and Relief Commission.
Sec. 10. In order to avoid con-
flict with and to secure uniformity
of administration, the money derived
from the sale of the bonds herein
authorized shall be distributed for
the purposes as enumerated in Sec-
tion 51-a of Article 3 of the Consti-
tution of Texas by the Texas Re-
habilitation and Relief Commission
in the same manner and under the
same regulations as the said Texas
Rehabilitation and Relief Commis-
sion has been empowered to dispense
the funds of the Federal Government
placed in Texas for the relief of the
destitute and/or the unemployed as
provided in Chapter 141 of the Acts
of the 43rd Legislature at its Regular
Session and on page 365 of the Gen-
eral Laws thereof. The said Re-
habilitation and Relief Commission
shall also be subjected to such rules
and regulations as the Federal Gov-
ernment has or may from time to
time enact or pass regarding or con-
cerning the distribution of Federal
funds in Texas to be used for like
purpose by said Rehabilitation and
Relief Commission in and of said
State bond funds. It is the purpose
of this Act to authorize, empower and
require the Texas Rehabilitation and
Relief Commission to adopt the same
rules and regulations as may now
exist or may hereafter be adopted
by the Federal Government when the
said Rehabilitation and Relief Com-
mission expends any of the moneys
derived from the sale of said bonds
as it is subjected to in the disburse-
ment of like bonds of the Federal
Government, and the said Relief
Commission shall account for said
bond funds expended by it or under
its direction to the State Bond Com-
mission monthly in the same manner
that it now accounts to the Federal
Government for Federal relief funds,expended by it or under its direction.
Sec. 11. Any and all bonds, as
well as all interest thereon issued
and sold under authority and direc-
tion of this Act, shall be redeemed
in the following manner:
From and after the effective date
hereof the State Treasurer of Texas
as he received any and all moneys
obtained for the use and benefit of
the General Revenue Fund of the
State of Texas, other than any tax
on real property, shall set up a spe-
cial and separate fund from one-
twelfth of said sums of money so
received until September 1st, 1935;
the remaining eleven-twelfths to be
placed by said State Treasurer in
the General Revenue Funds of the
State of Texas as' now provided by
law, and beginning September 1st,
1935, and until said bonds and all
interest thereon are finally paid, one-
fourth of all of any sums of money
other than any tax on real property
received by the State Treasurer of
Texas, for the use and benefit of the
General Revenue Funds of the State
of Texas, shall be placed in said
special and separate fund and the
remaining three-fourths shall be
placed to the credit of the General
Revenue Funds of the State of Texas,
as provided by law. Said special and
separate fund shall be kept by said
State Treasurer as a special interest
and sinking fund out of which the
interest of said bonds shall be paid,
and out of which the said bonds shall
be redeemed, to be known as "Spe-
cial Interest and Sinking Fund of
State Relief Bonds."
And there is hereby appropriated
for the years ending August 31st,
1934 and August 31st, 1935, an
amount for each of said years out of
said Special Interest and Sinking
Fund of State Relief Bonds equiva-
lent to the amount of interest on any
outstanding bond maturing during
each of said years, and the State
Treasurer is hereby directed to make
payment of said interest as it ma-
tures out of any funds in the State
Treasury to the credit of said "Spe-
cial Interest and Sinking Fund of
State Relief Bonds."
Sec. 12. If on the 15th day of
September, A. D., 1935, all of the
bonds which have been issued by di-
rection of law and as provided for
under the provisions of Section 51-a
of Article 3 of the Constitution of13
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 First Called Session of the Forty-Third Legislature, legislative document, 1933; (https://texashistory.unt.edu/ark:/67531/metapth142183/m1/19/: accessed May 4, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.