General and Special Laws of The State of Texas Passed By The Third Called Session of the Fifty-Seventh Legislature and the Regular Session of the Fifty-Eighth Legislature Page: 465
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FIREMEN'S RETIREMENT FUND
in Federal, State, county, or municipal bonds, and in shares or share ac-
counts of savings and loan associations, where such shares or share ac-
counts are insured under and by virtue of the Federal Savings and Loan
Insurance Corporation, and in such securities in which the State Perma-
nent School Fund of Texas or the Permanent University Fund of The Uni-
versity of Texas may be invested under present laws, and may also invest
in notes and other evidence of debt secured by mortgages insured and/or
guaranteed by the Federal Housing Administration under the provisions
of the National Housing Act, and the interest or dividends therefrom and
thereon shall be deposited into said Fund as a part thereof."
Sec. 3. Chapter 125 of the Forty-fifth Legislature, 1937, as last amend-
ed by Chapter 53, Acts of the Fifty-seventh Legislature, First Called Ses-
sion, 1961 (compiled as Article 6243e, Vernon's Texas Civil Statutes), is'
amended by adding a new Section, Section 23C,86 to read as follows:
"Section 23C. In cities having a population of eight hundred thousand
(800,000) or more according to the last preceding Federal Census, and only
in such cities, the Board of Trustees of a Firemen's Relief and Retirement
Fund coming under the provisions of this Act may employ an actuary no
more than once every three (3) years and pay his compensation out of
the pension fund."
Sec. 4. If any provision of this Act or the application thereof to any
person or circumstance is held invalid, such invalidity shall not affect
other provisions or applications of the Act which can be given effect with-
out the invalid provision or application, and to this end the provisions of
this Act are declared to be severable.
Sec. 5. The importance of this legislation and the crowded condi-
tion of the Calendars in both Houses create an emergency and an imper-
ative public necessity that the Constitutional Rule requiring bills to be
read on three several days in each House be suspended, and this Rule is
hereby suspended, and that this Act take effect and be in force from and
after its passage, and it is so enacted.
Passed the House, April 4, 1963, by a non-record vote; passed the
Senate, April 10, 1963, by a viva-voce vote. H.C.R. No. 66 authorizing
certain corrections was adopted on April 25, 1963. Senate adopted
H.C.R. No. 66, April 29, 1963.
Approved May 14, 1963.
Effective 90 days after May 24, 1963, date of adjournment.
86. Vernon's Ann.Civ.St. art. 6243e, 230.465
Ch. 164
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Texas. Legislature. General and Special Laws of The State of Texas Passed By The Third Called Session of the Fifty-Seventh Legislature and the Regular Session of the Fifty-Eighth Legislature, legislative document, 1963; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth221759/m1/801/?q=+date%3A1945-1972&rotate=90: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.