Bastrop Advertiser and Bastrop County News (Bastrop, Tex.), Vol. 115, No. 33, Ed. 1 Thursday, October 17, 1968 Page: 5 of 14
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&V9TR0P (TEXAS) ADVERTISER, OCTOBER 17, 1901
'"■■■ .■ ' ■ ' * vim ■"
Summary of 14 Amendments on November 5th Ballot
Voters will find 14 amendments
Usled on tlu* (j neral election bal-
lot to be voted on November 5
Explanatory summaries of these
amendments are being used here-
with, find you are urged to study
them carefully so you will know
exactly what you are voting for
or against, and l>e able to cast your
vote wisely and effectively.
BROADENING TIIE INVEST
MENT AUTHORITY OF TRIS i
TEES OF THE STATE EM
PLOYEES RETIREMENT SYS
TEM
Proposition 1
Ttiis proposal would establish the !
Employees Retirement System of
Texas as a constitutional agency
and provide for its operation by a
State board of trustee*. The agen-
cy ami its trustee* already exist
by statute.
The amendment would confirm'
ami broaden the investment author-1
ity of the trustees, allowing them
to invest in bonds, notes and other
evidences of indebtedness of the
United States, The State of Texas,
their agencies, political subdivi-
sion of the State, or business cor
porations They r uld also invest
in corporation common and pre- j
ferred stocks, provided the corpora- j
tion was created under the laws of
the federal government.
Under the amendment, not more
than 1 per cent of the book value
of the total assets of the agency i
could be Invested in the stock of
any of one corporation nor could j
more than 5 per cent of the voting!
stock of any corporation Ik1 owned I
Kligible corporations would be j
those incorporated wtihin the Uni-
ted States which have paid cash
dividends for ten consecutive years
or longer immediately prior to the
date of purchase. At leant 35 per
cent of the investments would be
restricted to investment in govern-
ment and municipal securties.
RAISING THE LIMIT ON THE
AMOUNT OK STATE FUNDS FOR
PI Bl.lt' ASSISTANCE PAYMENTS
TO $75,000,000 I'Elt YEAR
Pi\>position 2
This proposal would increase the
amount of State funds which may
be used in a fiscal year for Public
Assistance Payments from the pros
ent SGO.UQO.OOO to $75,0p0,000.
A Constitutional Amendment in
1965 brought together three sec-
tions of the Constitution covering
assistance for needy aged persons,
needy blind persons, needy chil-
dren, and permanent and totally
disabled people. II also provided
medical cqre for all these cate-
gories Prior to that time, medical
assistance payments went only to
lltoso people who were receiving
Old Age Assistance Hie limit of
assistance remained al $tt().0(¥),00(>.
the amount already authorized in
the Constitution for all of the pro-
grams involved.
The new amendment is proposed
to cope with the rising cost ol
living and an increasing populu-
tion.
ALLOWING INVESTMENT I N
NEW TYPES OF SECI HITIES
FOR THE PERMANENT I NIX E|{
8ITV FI ND
Proposition '!
Tliis proposed constitutional n-
mendrnent \yould increase the
types of securities available for in-
vestment to the Permanent Uiu
versity Fund. It is proposed that
investment be allowed in securi-
ties, Uxids. or othei obligations is
sued, insured or guaianleed in mt>
manner by the federal government
and its agencies
A present provision providing
that no more than "><> per cent of
the funds he invested In corporate
stis ks and bonds woulil be elimi-
nated by the new amendment
As Is the case now. investment
of the funds would be decided upon
by the Board of Rcgentu of the
University of Texas, based upon
regard for the permanent disposi-
tion of the funds rather than specu-
lation.
(JIX'ING DAI.I.AS COUNTY POW
ER TO ISSUE BOND: FOR
ROADS AND TURNPIKES Willi
OUT LIMIT
Proposition 4
This amendment would allow Dal-
las County to issue bonds for roads
and turnpikes without u limit on
the indebtedness of the county. It
would also provide that such I win Is
may be issued on a simple majori-
ty vote of the resident property
taxpayers who are qualified elec-
tors of Dallas County rather than
by a two-thirds majority as is now
required by law.
Tills amendment, while restricted
In application to Dallas County, is
a move in the direction of remov-
ing road bonds from the strict debt
limitation and vote requirements
which have Iwn in the Constitu-
tion since 190-1.
INCREASING THE SALARY OF
MEMBERS OF THE LEGISLA-
TURE TO $8,400 PER YEAR AND
INC REASING THEIR I'l l! DIEM
AND TRAVEL EXPENSES
Proposition 5
This proposal would increase the
salary of members of the legisla-
ture to $8 -100 per year. Tliey are
now paid SU800.
They are also presently paid a
per diem of S12 per day for the
first 120 duys of any regular ses-
sion and for the full 30-day term of
any special session which may lie
called. The pro|M>Kcd amendment
would extend the por diem pay-
ment to 140 days, the maximum
duration of a regular session.
The proposal would also provide
for payment, at the old rate of S-'.50
for every 25 miles, for one round
trip a month going to and relum-
ing from Austin. At the present
time Members of the Legislature
are untitled to mileage payments
for one round trip during the ses-
sion.
AUTHORIZING EXEMPTION OF
SPECIAL Et|l I I'M ENT TO El l
Ml NATE AIR OR WATER POL-
LUTION FROM Al) VALOREM
TAXATION
Proposition fi
This proposition would give the
Legislature authority to, by general
law. exempt from ad valorem luxa-
tion by Ihe Stole and its political
subdivisions any equipment, device,
or improvement installed on real
properly which is designed to eli-
minate or abate pollution of the
air or water of Ihe Stale.
Under the new amendment, the
legislature could provide for ex-
emption of all or a part of any
such equipment or improvement
Tile exemption would be given to
the extent that the capital invest-
ment in such property was made
to comply with or to exceed air
or water quality standards estab-
lished by law
I'HOX IDING FOR OR \l)l XL III
MINATION III THE STATE AD
\ XMIREM I'KOI'EHTX TAX
Proposition 7
Tills proposed aim ndment would
gradually eliminate State ad val-
orem taxes on property, except
the lux which supports building
funds for institutions of higher
learning.
The tolal Slate ad valorem tax
on real and personal property Is
now 47 cents on each $100 valua-
tion The amendment would elimi-
nate taxes totalling 37 cents and
allow the State to continue collect-
ing a 10 cent tax for buildings of
certain State colleges and univer-
sities.
The gradual elimination of ad
valorem proper!) taxes will be
completed by 1978 by a "cover-all"
provision that after 1978 no Slate
ad valorem taxes should be levied
upun property in the Slate purposes
except for the 10 cent tax levied
for building programs al certain
colleges and universitias.
ELIMINATING APPROVAL RY
THE GOVERNOR, SECRETARY
OF STATE AND COMPTROLLER
OF CERTAIN STATE CONTRACTS
FOR MATERIALS AND SERVICES
Propostion 8
The Constitution now provides
that Ihe Governor. Secretary ol
Slate and Comptroller must all
approve contracts concerning State
stationery and printing, fuel used
by the Legislature and other gov-
ernmental departments, the repair
ol furniture and furnishings of halls
und rooms used for meetings of
Ihe Legislature.
This proposal amendment would
eliminate the ceremonial require-
ment that these three officials ap-
prove such contracts. The award
and administration of Stale con-
tracts is generally handled by the
Board of Control.
Under this amendment, contracts
for fuel, und for repairing and
furnishing Ihe legislative halls
would be eliminated from this sec-
tion of the Constitution, and the
section would apply only to the
Stale's purchasing of stationary,
printing und paper.
PROVIDING FOR TEACHER RE-
TIREMENT SYSTEM CONTRIBU-
TIONS BASED ON THE FULL
SALARY OF MEMBERS
Proposition 9
This proposed amendment would
allow contributions by school teach-
ers and other persons employed in
the public scIhmiIs, colleges and
universities supported wholly or in
part by the State al the rule of
6 per cent of their totul compen-
sation paid them by the State or
J their school district The Constitu-
j lion now limits contributions lo
j $50-1 maximum, regardless of the
i individual's salary. These contri-
l bullous are matched by the State.
, It is estimated that on the basis
| of presnt salaries Ihe cost lo the
| State in the next biennium would
lie an additional $5,000,000 per year.
It is expected that this Increase
in possible contributions would be
helpful in attracting and retaining
high quality teachers and operat-
ing personnel.
XI I'llORIZING REFI NO III TX\
O.N CIGARS AND TOBACCO SOLD
XT RETAIL IN TEXAKKANA
Proposition 10
| This amendment would allow the
! Legislature lo provide for a refund
I of Ihe tax paid on Ihe first sale of
i cigars and tobacco products in Ihe
i Slate which are subsequently sold
al retail within the corporate limits
i of Tcxarkana, Texas, or any ineor-
I |K>ralced town in Texas which is
I contiguous to Tcxarkana
j The proposed amendment arose
from Ihe problem which many bor-
der towns have where lux situa-
tions arise when a particular tax
is levied by one state and not by
| another Merchants lose the sales
of the specific I axed products and
also products which customers
would normally purchase while in
the store.
While this proposed amendment
I would only directly affect Tcxar-
kana. Texas, its passage or re-
fusal might be taken as a prece-
dent for other such rases In the
future.
CONSOLIDATING ROME FUNC-
TIONS OF GOVERNMENT
Proposition 11
This proposal would authorize the
Legislature to unact a statue pro-
viding (or consolidation of govern-
mental offices and functions of
governmental offices aud functions
of government within El Paso aud
Tarrant Counties. Hie statue could
provide for such consolidation by
any one or more political subdi
visions within those counties.
An election would be required
within the subdivision affected with
scpartc approval by a majority of
the voters in each of these subdi-
visions.
The second paragraph of the pro-
loosed amendment would also au-
thorize the county's sub-dls'isions
lo contract with one another for
ilrv performance of governmental
functions authorized by tlie Con-
stitution.
The impact of this amendment,
if adopted, would be iu a large
pari depend on the extent lo which
the Legislature implemented ll
with legislation Board implemen-
tation might produce economies
that would set a statewide pattern
for the combining ol many pl
the functions at local government
either by contract or by actual
consolidations.
ALLOW CITIES AND COUNTIES
TO I88UE REVENUE BONDS
FOR INDUSTRIAL DEVELOP-
MENT
Proposition 12
This proposal would give the
Legislature power to autliorlze
counties, cities and towns to Issue
revenue bonds (or Industrial de-
velopment purposes or In aid there-
of Property acquired from the
proceeds of such bonds would be
subject lo ad valorem taxes A
county or community issuing such
bonds would not be allowed to use
any other revenues to supplement
the proceeds from the bonds.
The amendment would not set a
limit on the total amount of bonds
which could be issued, or would it
limit the interest rate on these
bonds.
The Legislature has passed a
law, Ihe "Texus Industrial Develop-
ment Act," which will go into ef-
fect if ihe amendment Is udopted
ft includes a number of restriction^
which are not In the amendment,
Among these are: the bond* must
be approved by the Attorney Gen-
eral: they must be registered with
the Comptroller of Public Accounts;
a violation of the motrgage on the
property might cause foreclosure;
the lease on the project must be
approved by the Texas Industrial
Commission.
Other provision? Include the fol-
lowing: No city o.- county could
use this program to relocate a
business from an existing facility
In the state of Texas. Ronds is-
sued under the provisions of the
Act would be legal investments for
savings and loans associations,
banks and Insurance companies
authorized under the laws of Ihe
State.
PROVIDING AD VALOREM TAX
EXEMPTION FOR PROPERTY
IN TFMPORARV CUSTODY OP
A PUBLIC WAREHOUSEMAN
Proposition 13
Tliis proposal would exempt prop-
erty from ud valorem tax if it
is in the custody of a public ware-
houseman not longer than six
months and bus a pro-determined
out-of-state destination al the point
Card of Thanks
We wish to express our sincere
thanks to our many friends who
sent telegrams, flowers, cards,
food, memorials and called at the
death of my mother, Mrs. Ina Simp-
son. Your concern and thoughtful-
Dean la deeply appreciated and will
long be remembered
Mr. and Mr*. N. R "Sully
Simpson
William. Vickie. Ricky and
Carl
of origin.
Tliis exemption would apply at
both the State and local levels,
awl it would recognize that prop-
' erty which moves In interstate
commerce is not taxable by the
j Slate or local government.
FIXING THE TIME WHEN LEGI-
SLATORS BECOME ELIGIBLE
TO HOLD OTHER OFFICES
Proposition 14
This amendment would allow Leg-
I islators to assume other political
offices [Kjsslhly beginning earlier
than the term of the Legislator
ends. This was brought about by
the fuct that the terms for Mem-
bers of the Legislature end on the
second Tuesday In January of odd
numbered years, while u number
of offices lo which Legislators may
aspire begin their terms on Jan-
uary 1.
Domestic Work May
Be Subject To SS
Did you pay a houseliold em-
ployee 150 or more In cash wages
during July. August and Septem-
ber? If you did. you must file a
report of the earnings by October
31, according to James B. Marley.
District Manager of the Austin so-
cial security office.
Many p'ople hire Individuals to
care for their lawm during the
summer and may not realize this
work must be reported if S-V) or
more In ensti wages Is paid to the
employee in a calendar quarter.
Domestic work also includes house-
keepers, maids, babysitters, and
other iHxisehold help.
The employer should deduct 4 4
tier cent of the employee's earn-
ings. The employee pays the same
from his own hinds. The wages
are reported on Form 9-12 which
Is available at the Internal Re-
venue office. This report is due
by the last day of the month fol-
lowing the end of a calendar quar-
ter.
If there is any question as to
whether or not this kind of work
is covered under social security,
contact the Austin office at 531
Barton Springs Roud.
Eftffierifet-SmMneJ
WE RESERVE THE RIGHT
TO LIMIT
Golden Harvest
FLOUR
STAKI.ITE
M I L K
5 lb. bag
tall cans 5 for 7()c
Jewel
Shortening
KOUNTY KIST — NO MIS CAN
S W E E T P E A S
3 lb. can
39
5 for SI.00
Maryland Club
COFFEE Instant - 6 oz. 89*
LAKE REGION — NO. :t0:i CAN
CREAM STYLE CORN
5 for $1.00
Wolf
CHILI
Plain No. 2 Can
59'
Double Texas Gold Stamps
Every Wednesday on
$2.50 purchase or more
Argo - |n Heavy Syrup
Peaches No. 2-1/2 2 for 49*
LILY
P A P E It P L A T E S
Detergent
FAB Giant Size
80 count 69c
69
SILVER BELL
MARGARINE
2 Ihs. 37c
A-l
Tissues
roll
5*
ALL FLAVORS — II OZ.
JELLO GELATIN
r for 57c
Halloween
CANDY 39'to99'
C wmm ■■ ■
Superior Mellorine 39' 3
For
Come to us for
%ctdin<J
cemen
A
BASTROP ADVERTISER
MARKET
GRADE A
I R Y E R S
1I . 2ttc
ALL MEAT
II XMIUJKGEK
ll . 40i'
U. S. GOOD
SEVEN STEAK III. 7'),-
U. S. GOOD
LOIN STEAK
lit. «<><•
t III CK XX XI.ON
It A CO N
cm i K
R < > A S T
I i . 69c
ll . 59c
PRODUCE
GREEN BUNCH
ONIONS & RADISHES 10c
TOKAY
GRAPES lb. 19c
KRESII GREEN
CABBAGE lb. 8C
HOME CENTER
ALUMINUM — ARMOR COATED
FRY PANS $1.79
MESH WEAVE
WASH CLOTH 10c
CANNON
WASH € LOTHS 7 tor $1.
FROZEN FOODS
FROSTY ACRES — « OZ.
Orange Juice
.
for
SI.00
FROSTY ACRES — M OZ,
(lut (lorn
for
81.00
FROSTY ACRES — .11 OZ.
Sliced ("arrots
•
.
for
SI.00
FROSTY ACRES — NEW XX HOLE
— 44 OZ.
P o t a t o e h
•
.
for
SI.00
FROSTY ACRES — 114 OZ.
Tasty Taters
o
.
for
#1.00
Thursday, Friday & Saturday, Oct. 17* 18 B 19
SMITH'S
TELEPHONE CA
Its Easy To Shop and Save — We Give Texas Gold Stamps
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Standifer, Amy S. Bastrop Advertiser and Bastrop County News (Bastrop, Tex.), Vol. 115, No. 33, Ed. 1 Thursday, October 17, 1968, newspaper, October 17, 1968; Bastrop, Texas. (https://texashistory.unt.edu/ark:/67531/metapth238174/m1/5/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Bastrop Public Library.