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: 473
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SECURITIES ACT
Dollars ($16,500) per annum, which shall be paid in twelve (12) equal
monthly installments out of the County Treasury of Jefferson County as
fixed and ordered by the Commissioners Court of said county. The judge
of the County Court of Jefferson County at Law shall assess the same fees
as are now prescribed by law relating to county judges fees, all of which
shall be collected by the clerk of the court and paid into the county treas-
ury on collection and no part of which shall be paid to said judge, who shall
instead draw a salary as herein provided."
Sec. 3. 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. 4. All laws or parts of laws in conflict with the provisions of
this Act are repealed to the extent of such conflict only.
Sec. 5. The importance of this legislation and the crowded condition
of the calendar in both Houses create an emergency and an imperative
public necessity that the Constitutional Rule requiring bills to be read
on three several days in each House be suspended, and said Rule is hereby
suspended; and that this Act shall take effect and be in force from and
after its passage, and it is so enacted.
Passed the Senate, April 18, 1963: Yeas 31, Nays 0; May 2, 1963,
Senate concurred in House amendments by a viva voce vote; passed
the House, April 30, 1963, with amendments: Yeas 147, Nays 0.
Approved May 17, 1963.
Effective 90 days after May 24, 1963, date of adjournment.
SECURITIES ACT
CHAPTER 170
H. B. No. 42
An Act amending certain Sections of the Securities Act, Senate Bill No. 294,
Chapter 269, Fifty-fifth Legislature, as amended, and codified as Articles
581-1 to 581-39, Vernon's Texas Civil Statutes, by amending Subsections E,
G, H, I and O of Section 5; by adding a new Subsection R to Section 5; by
adding a new Subsection D to Section 7; by amending Subsection B of Sec-
tion 9; by amending Section 13; by adding a new Subsection G to Section
14; by repealing Subsection G of Section 29; and by amending Section 33;
and by amending Subsection A of Section 7; providing for severability;
saving pending proceedings; and declaring an emergency.
Be it enacted by the Legislature of the State of Texas:
Section 1. Subsection E of Section 5 of the Securities Act, Acts, 1957,
Fifty-fifth Legislature, Chapter 269,94 is hereby amended so as to read as
follows:
"E. Any offer and any transaction pursuant to any offer by the issuer
of its securities to its existing security holders (including persons who at
the time of the transaction are holders of convertible securities or non-
transferable warrants) if no commission or other remuneration (other
than a stand-by commission) is paid or given directly or indirectly for
soliciting any security holder in this State."
94. Vernon's Ann.Civ.St. art. 581-5, sub-
sc. E.
473Ch. 170)
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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/m1/809/?q=+date%3A1945-1972: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.