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: 480
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58TH LEGISLATURE--REGULAR SESSION
"b. The location of its principal office and of all branch offices in this
State, if any;
"c. A copy of its articles of incorporation or partnership or associa-
tion, as the case may be, and of any amendments thereto, if any; if a cor-
poration, a copy of all minutes of any proceedings of its directors, stock-
holders or members relating to or affecting the issue of said security; if
a corporation, a copy of its bylaws and of any amendments thereto; if
a trustee, a copy of all instruments by which the trust is created and in
which it is accepted, acknowledged or declared;
"d. A statement showing the amount of capital stock, if any, and if
no capital stock, the amount of capital of the issuer that is contemplated
to be employed; the number of shares into which such stock is divided,
or if not divided into shares of stock, what division is to be made or is
contemplated; the par value of each share, or if no par stock, the price
at which such security is proposed to be sold; the promotional fees or
commissions to be paid for the sale of same, including any and all com-
pensations of every nature that are in any way to be allowed the pro-
moters or allowed for the sale of same; and how such compensation is
to be paid, whether in cash, securities, service or otherwise, or partly of
either or both; also, the amount of cash to be paid, or securities to be
issued, given, transferred or sold to promoters for promotion or organiza-
tion services and expenses, and the amount of promotion or organization
services and expenses which will be assumed or in any way paid by the is-
suer;
"e. Copies of certificates of the stock and all other securities to be
sold, or offered for sale, together with application blanks therefor; a copy
of any contract it proposes to make concerning such security; a copy of
any prospectus or advertisement or other description of security prepared
by or for it for distribution or publication;
"f. A detailed statement prepared in accordance with generally ac-
cepted auditing standards and procedures and generally accepted account-
ing principles, showing all the assets and all the liabilities of the issuer,
said statement to reflect the financial condition of the issuer on a day not
more than ninety (90) days prior to the date such statement is filed. Such
statement shall list all assets in detail and shall show how the value of
such assets was determined, that is, whether the value set forth in said
statement represents the actual cost in money of such assets, or whether
such value represents their present market value, or some other value
than the actual cost in money, and shall show the present actual value of
said assets; also, whether the value set forth in the statement is greater
or less than the actual cost value in money and greater or less than the
present market value of such assets. If any of the assets consist of real
estate, then said statement shall show the amount for which said real
estate is rendered for State and county taxes, or assessed for taxes. If
any such assets listed shall consist of anything other than cash and real
estate, same shall be set out in detail so as to give the Commissioner the
fullest possible information concerning same, and the Commissioner shall
have the power to require the filing of such additional information as he
may deem necessary to determine whether or not the true value of said
assets are reflected in the statement filed. Should any of the assets listed
in said statement be subject to any repurchase agreement, or any other
agreement of like character, by the terms of which the absolute ownership
of, or title to said assets is qualified or limited in any way, then the terms
and conditions of said agreement by which the absolute ownership of, or
title to said assets is qualified or limited, as well as the amount and char-
acter of the assets subject thereto shall be fully stated. Said statement
480Ch. 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/m1/816/?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.