The Laws of Texas, 1934-1935 [Volume 29] Page: 56 of 2,086
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46 GENERAL AND SPECIAL LAWS.
fusing to grant any such relief as herein authorized shall not be
final and shall be assigned as error on appeal.
SEC. 8. No guarantor of an indebtedness, nor indorser nor
surety for the payment thereof, nor any person primarily liable
thereon, the collection of which has been enjoined or postponed
by reason of the provisions of this Act, shall be required to
pay such indebtedness during the injunction or postponement
of the suit, nor shall the obligations of such guarantor, indorser,
or surety in any way be impaired or lessened by reason thereof,
nor shall the creditor be obligated to pursue any remedy against
such guarantor, indorser or surety during the continuance of
such injunction and/or postponement of suit.
SEC. 9. The period from February 15, 1934 to February 1,
1935, shall not be included in computing any period of limitation
under the laws of this State with reference to liens on real
property and the debts secured thereby, provided the provisions
of this Act have been invoked by the record owner of such real
SEC. 10. Nothing herein shall be held to prevent or limit
the right of any Court to enter any judgment by agreement
of the parties.
SEC. 11. The provisions of this Act are hereby declared to
be distinct and separable. If any section, paragraph, sentence
or clause hereof shall be found by a Court of competent jurisdiction
to be invalid the decision of such Court shall not affect
the validity of any other section, paragraph, sentence or clause.
SEC. 12. All laws and part of laws in conflict with any of
the provisions of this Act are hereby suspended during the
effective period of this Act, but not repealed and this Act shall
terminate and be of no further force and effect on and after
February 1, 1935.
SEC. 13. The fact that under existing laws forced sales are
had under deeds of trust and vendor's liens at which tracts of
real estate are sold at prices greatly below their real and equitable
value, and the fact that such sales work inequities and
undue hardships upon the owners of such real estate, and the
further fact that an extraordinary financial emergency and depression
exists within this State and elsewhere, and that many
citizens are threatened with the foreclosure of liens upon property,
and by reason thereof imminent danger exists whereby
citizens may be subjected to distressing losses, and the fact
that great and irreparable wrong and injury will be done unless
immediate relief as provided herein be granted, create an emergency
and an imperative public necessity that the Constitutional
Rule requiring bills to be read on three several days be suspended,
and the same is hereby suspended and this Act shall
take effect from and after its passage, and it is so enacted.
[NOTE.-S. B. No. 3 passed the Senate, February 15, 1934,
by a vote of 21 yeas, 9 nays; Senate refused to concur in House
amendments and Conference Committee was appointed, February
20, 1934; Senate adopted Conference Committee Report
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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/m1/56/: accessed August 20, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .