The Laws of Texas, 1934-1935 [Volume 29] Page: 41 of 2,086
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FORTY-THIRD LEGISLATURE-SECOND CALLED SESSION. 31
PROVIDING FOR CANCELING OF UNSOLD TEXAS RELIEF
BONDS AND ISSUANCE OF SECOND SERIES
OF STATE RELIEF BONDS.
H. B. No. 13.] CHAPTER 15.
An Act providing for the canceling of unsold Texas Relief Bonds; declaring
Texas Relief Bonds, First Series already sold valid and binding
obligations of the State; providing for the issuance of State Relief Bonds
to be designated as Texas Relief Bonds, Second Series in the sum of
Seven Million, Seven Hundred Fifty Thousand Dollars ($7,750,000.00)
under Section 51-a, Article 3 of the Constitution of the State of Texas;
providing for the sources of revenue from which said bonds shall be paid
and their denominations, date, maturities, interest rate, and date of payment
of interest, place of payment, exempting same from taxation; providing
that Texas Relief Bonds, First and Second Series shall be eligible
to secure deposits of the State of Texas, counties, cities or political subdivisions
thereof and public corporations thereof; providing for their
approval by the Attorney General, signing by the Governor, attesting by
the Secretary of State and registering by the Comptroller and Treasurer;
providing for the procedure for the sale of the bonds and the disposition
of the proceeds thereof; prohibiting borrowing in anticipation of future
issuance of bonds; providing any officer or member of any Board or Commission
of the State of Texas participating in any loan or advance shall
be guilty of high misdemeanor; providing a method of retirement of
Texas Relief Bonds, First Series and the interest thereon, and making an
appropriation therefor, providing for the method of retirement of Texas
Relief Bonds, Second Series and the interest thereon, and making an
appropriation therefor; directing payment thereof; providing for the
destruction of issued and unsold bonds and of redeemed bonds; providing
for the transfer of any unused moneys derived from the sale of said
bonds to the Texas Relief Bond Sinking Fund, Second Series; authorizing
filing of suit in case of default in payment; providing for the appropriation
of the proceeds from the sale of said bonds to the Texas Relief
Commission; providing that funds derived from the sale of said bonds
and other moneys otherwise provided by this Act be administered by the
same agencies and in the same manner and for the same purposes as
provided in Chapter 37, Acts of the 1st Called Session of the 43rd Legislature
specifying the manner said money shall be expended; providing for
certain appropriations out of the General Fund; providing for the method
of calling the Texas Relief Commission; providing members of said
Commission shall serve without compensation except for certain transportation
and per diem expenses; prohibiting members of the Commission
and County Relief Boards and employees of both from becoming candidates;
providing for employing an executive secretary; providing for
rules and regulations for handling certain funds for county or municipal
projects; providing for the expenditure of certain sums for hospital
services; providing for the expenditure of certain funds for tuberculosis
patients; providing for rules for competitive bids; providing for rules
that none of the funds shall be paid to relatives of certain State officials;
providing for penalties for misappropriation of funds and/or for making
false statements or misrepresentations in order to secure money for
relief; providing that if any section, clause or sentence is held unconstitutional,
such holding shall not affect the remaining portion of the Act,
and declaring an emergency.
Be it enacted by the Legislature of the State of Texas:
SECTION 1. The Legislature of the State of Texas hereby
cancels any unsold Texas Relief Bonds, First Series, issued un-
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1934-1935 [Volume 29], book, 1935; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth17292/m1/41/: accessed March 21, 2018), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .