The Laws of Texas, 1921 [Volume 21] Page: 45 of 1,670
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GENERAL LAWS. 37
AMENDING ACT' PROVIDING HOW BOND ISSUES SHALL
BE SUBMITTED TO AN ELECTION.
S. B. No. 56.] CHAPTER 23.
An Act to amend Article 606 of the Revised Civil Statutes of the State of
Texas, 1911, providing how bond issues shall be submitted to an election;
validating certain bond elections; and declaring an emergency.
Be it enacted by the Legislatuire of the State of Texas:
SECTION 1. That Article 606 of the Revised Civil Statutes of the
State of Texas, 1911, be amended so that the same shall be and read
Article 606. The proposition to be submitted for the issuance
of bonds shall distinctly specify the purpose for which the bonds
are to be issued, the amount thereof and the rate of interest, and
shall further state the maturity of the bonds to be issued, or that the
bonds may be issued to mature serially within any given number of
years, not to exceed forty years, within the discretion of the governing
body issuing the same. All elections heretofore held wherein
the proposition or propositions submitted provide that the bonds
should be issued to mature serially within any given number of
years within the discretion of such governing body, or to mature in
a certain number of years, are hereby validated, and such bonds
may be issued to mature serially, the maturity thereof not to extend
beyond the time stated in the proposition submitted and to otherwise
conform to the proposition voted on at such election. Provided
that this Act shall not apply to any city where the authority
to issue its bonds under Chapter 9 Acts Thirty-seventh Legislature
is at this time in litigation
SEC. 2. All laws and parts of laws in conflict herewith are hereby
SEC. 3. The importance of the foregoing Act, in that certain
counties, cities and towns desire to avail themselves of its provisions,
creates an emergency and imperative public necessity that
the constitutional rule requiring that bills be read on three several
days be suspended, 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.-The enrolled bill shows that the foregoing Act passed the
Senate, yeas 29, yeas 0; and passed the House, yeas 98, nays 3.]
Approved August 21, 1921.
Effective August 21, 1921.
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1921 [Volume 21], book, 1921; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth14933/m1/45/: accessed September 21, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .