The Laws of Texas, 1934-1935 [Volume 29] Page: 58 of 2,086
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48 GENERAL AND SPECIAL LAWS.
CERTAIN CITIES AUTHORIZED TO ISSUE BONDS,
NOTES OR WARRANTS FOR CONSTRUCTION
AND OPERATION OF TOLL BRIDGES
AND SANITATION PROJECTS.
S. B. No. 43.] CHAPTER 17.
An Act to authorize certain cities in this state to issue bonds, notes or
warrants, payable from revenues other than taxation, for construction,
maintenance and operation of a toll bridge or toll bridges over and across
any stream, inlet or arm of the Gulf of Mexico, or entrance channel to a
port in any such city; the construction, maintenance and operation of a
sewage disposal plant; construction of sanitary and/or storm sewer lines;
construction of water mains or lines from sources of water supply; acquisition,
reclamation, reconstruction and filling in of any submerged lands
along the water front of said city and construction of sidewalks, streets
and gas lines within territory so acquired or reclaimed; construction of
seawalls, breakwaters and other shore protections; construction, reconstruction,
maintenance, operation and dredging out of any channel in
connection with such port; providing certain improvements may be constructed
within or without limits of any such city; providing that no
such bonds, notes or warrants shall ever evidence any debt or obligation
of such city, but shall be solely a charge upon revenues and properties
pledged to secure their payment; providing for the payment of such
bonds, notes or warrants out of income and revenues of either one or all
of the improvement projects authorized thereby; requiring that the issuance
of all such bonds, notes or warrants shall be authorized by a vote
of the qualified property taxpaying voters of any such city, voting at an
election to be held for that purpose; prescribing time of maturity and
rate of interest on such bonds, notes or warrants; providing that the
General Laws relating to city bonds, not in conflict with this Act, shall
apply to the issuance, approval, certification, registration and sale of
such bonds, notes or warrants; providing that each bond, note or warrant
issued under this Act shall stipulate that the holder thereof shall never
have the right to demand payment out of any funds raised or to be raised
by taxation; requiring that all such bonds, notes or warrants be approved
by the Attorney General and registered by the State Comptroller; authorizing
any such city to borrow money from the United States Government,
Federal Emergency Administration of Public Works, or other agency of
said Government; authorizing the governing body of any such city to
remove or demolish any existing bridge or other structure owned and
operated by said city if deemed necessary in carrying out the works of
improvement; conferring on any such city the right of eminent domain;
authorizing the collection of tolls from existing bridge or bridges in
event no toll bridge or bridges are constructed and providing for the
pledge of such tolls to payment of indebtedness evidenced by bonds, notes
or warrants authorized by this Act; requiring an election to authorize
the assessment and collection of tolls from existing bridges and their
application to the payment of such bonds, notes or warrants; providing
for the execution of an indenture or mortgage making effective the
mortgage lien on all properties that may be pledged or mortgaged to
secure payment of such bonds, notes or warrants, and providing for the
grant of a franchise to the purchaser under sale or foreclosure under such
indenture or mortgage, with option to repurchase by such city; providing
that reasonable costs of administration and operation of improvement
projects and maintenance thereof shall be first lien and charge against
income and revenues;, providing for the setting aside of the gross income
and revenues of all such project or projects for operation and maintenance
purposes and payment of bonds, notes or warrants, and providing that
no part of such income and revenues shall be devoted to any other purpose
and prescribing penalty therefor; providing that no such bridge shall be
constructed, maintained or operated over any entrance channel to any
such port operated by a navigation district without permit from commissioners
of such district and authorizing commissioners of such naviga-
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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/m1/58/: accessed July 26, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .