The Laws of Texas, 1931-1933 [Volume 28] Page: 65 of 2,111
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FORTY-SECOND LEGISLATURE--FIRST CALLED SESSION. 57
a Surety Company or is a bond other than a personal bond, such
bond shall be in an amount equal to the highest estimated daily
balance for the current biennium, to be determined by the governing
body of such School District; provided further, that such
governing body may, in lieu of the bond herein authorize, accept
a deposit of approved securities in an amount sufficient to adequately
protect the funds of such school district in the hands of
the selected treasurer. Provided, however, that no premium on
any bonds shall be paid out of the funds of any said District or
corporation. Said bond shall be made payable to the President
of the Board and his successors in office, conditioned for the
faithful discharge of the treasurer's duties and the payment of
the funds received by him upon the draft of the President of
the School Board drawn upon order, duly entered, of the Board
of Trustees. Said Bond shall be further conditioned that the
treasurer shall safely keep and faithfully disburse all funds
coming into his hands as treasurer, and shall faithfully pay over
to his successor all balances remaining in his hands. It shall be
approved by the School Board and the State Department of
Education shall be notified of the treasurer by the President of
the School Board filing a copy of said bond in said department.
If the custodian of the funds of any Independent School District
to which this article applies has heretofore been designated as
a depository, instead of a treasurer, the governing body of any
such district may continue to use the name depository and this
article shall govern to the same extent as if the name treasurer
SEC. 2. That all laws and parts of laws, whether general or
special, in conflict herewith be, and they are hereby, repealed.
SEC. 3. The crowded condition of the Calendar and the importance
of this Act create an emergency and an imperative
public necessity that the Constitutional Rule requiring that all
bills be read on three several days in each House 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.
Approved August 12, 1931.
Effective August 12, 1931.
[NOTE: S. B. No. 47 passed the Senate by a vote of 29 yeas,
0 nays; passed the House by a vote of 104 yeas, 2 nays.]
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1931-1933 [Volume 28], book, 1933; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth17293/m1/65/: accessed January 21, 2018), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .