The Panhandle Herald (Panhandle, Tex.), Vol. 70, No. 2, Ed. 1 Friday, August 3, 1956 Page: 2 of 8
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PAGE 2 — THE PANHANDLE HERALD
IPacnhandle, Carson Conuty, Texas—Friday, Aug. 3, 1956
Springer Thanks
Carson Voters
Ted B. Springer, who is op-
jposed by Porter Oakes in the race
r representative of the 94-flo-
/torial district made the follow-
ing statement Wednesday:
‘Tfc was a nice, clean campaign
,all the way, and I enjoyed every
/minute of it. The thousands of
/people .that my wife, Lillie, and
J. met and talked to were so nice,
/and. friendly toward us.
^‘Gur only regret was that it
■was physically impossible for us
/to see everyone.”
*T believe we have established
fthe fact that Ted B. Springer has
i-a burning desire to be your next
/representative and we believe
the people of this district
a man that is aggressive
tami willing to work for an office.
““As your representative I will
ssrcark just as hard and diligently
±'or the best interests of all the
jpeuple of this district.”
True Schedules
Rotary Club Talk
Dan True, weather prophet for
Amarillo’s KGNC-TV, will be the
featured speaker at Rotary club
Friday, August 10, according to
Herman Powell, president. ■
True has gained fame for his
unusually accurate forecasts, and
his explanatory expressions, such
as: “now this little dude” have
added to his viewing audience.
Powell said that many Rotar-
ians would have guests for the
meting and sugested that those
who anticipated guests should let
him know Wednesday in order
that enough food could be pre-
pared.
Mr. and Mrs. Albert Smith and
daughter, Amarillo, were Pan-
handle visitors Monday afternoon.
Smith is a Panhandle high grad-
uate of some 20 years back and
is now an attorney in Amarillo.
ANAEROBKUL
FOR
SEPTIC TANKS CESS POOLS
GREASE TRAPS
Sold Under Money-Back Guarantee
STARTS Septic Tank and Grease Trap
Action.
CLEANS Grease Trap and Septic Tank
Odors.
CLEANS Clogged Drain Field Lines.
;STOPS Clogged Garbage Grinders.
FOR HOME USE
‘HOUSE DRAIN STOPPAGES — Apply two tablespoons to
clogged drain, follow with 2 quarts of water, allow to
stand over night.
CrAHBAGE GRINDERS — Same as house drains.
GREASE TRAPS — Apply two to four tablespoons to drain
leading to grease trap or open trap, cover and sprinkle
this amount on top of grease. Follow with 2 quarts of
water, repeat every week.
SEPTIC TANKS — Apply one half pound through commode,
repeat every three months, or as odors and conditions
call for the need*
CESSPOOLS — Same as for septic tanks.
The Most Valuable Part of Your Tank Is
Gone When You Have It Pumped!
l^snhandle Lumber Co. Plains Distributing Co.
Phone 2311 Phone 2251
IN APPRECIATION
TO CARSON VOTERS
% Sincerely appreciate the generous support of Carson
county voters in my first race for an elective office - that
Tax Assessor and Collector. Your vote of confidence
'svas most encouraging and I promise you that I will work
fa? make this new office a real asset to Carson county.
6. L. STERLING
Democratic Nominee fofir Carson County
Tax Assessor - Collector
EVERYBODY SAYS
THANKS
«* « • and Andy joins them. Thanks for your business and
/friendship. We’re doing about everything we know to
rosatke your shopping easy.
An Outstanding MARKET, and Panhandle’s OWN
iHDME BAKED BREAD, COOKIES, PIES and Man
WHAT HOT ROLLS!
Growing With Your Confidence \
Schulze's Bakery & Grocery
Andy Schulze
ARE WOMEN TOP
BRIDGE PLAYERS?
Not college women, if the results
Just in from the 1956 National In-
tercollegiate Bridge Tournament
can be believed. Winners of this
year's contest have just been an-
nounced and for the eleventh
straight ^
year, or as ~
long as the
tourna-
ment has
been held,
women
have failed
to capture
the top
prizes.
More
than 2,000
men- and
women un-
dergradu-
ates at 102
colleges
and universities throughout the
United States competed in the
tourney by iplaying sixteen spe-
cially prepared hands on their in-
dividual campuses. This year’s
champions were all in the Ivy
League with Boyd N. Everett, Jr.
and Franklin Bunn of Harvard
University winning out on the
North-South Boards and Frank E.
Barteaux, Jr. and John Strong, Jr.
ot Dartmouth College triumphing
on the East-West Boards. In sec-
ond place on the North-South
Boards were Kent McCullough and
Don Lytle of the University of
Kansas and John L. Howell and
Donald J. Seldeen of the California
Institute of Technology.
You have to go all the way down
the list of winners to fifth place
before you find two coeds from
Bryn Mawr College—Katie Wester-
velt and Anne Wake—among the
ranking Bridge players of the na-
tion’s colleges.
The continued failure of women
Bridge players to rank high in the
national college tourney is puzzling
in the face of all surveys which
show that more women than men
play Bridge. The American Con-
tract Bridge League maintains that
the reason women don’t fare as
well as men in'college Bridge com-
petition is because the young ladies
don’t possess the physical prowess
that men do. The Bridge League
adds that women are just as intel-
ligent as men when it comes to ex-
ecuting an end play or understand-
ing the proper response to an
opening three bid but men are
stronger and stand up 'better under
the strain of competition.
Whatever the reason, Betty Coed
will have to “wait till next year”
in her patient attempt, to triumph
over Joe College for nation-' **ridg»
honors.
Antelope Hunters
Need Special Game
Department Permit
Formal applications for the fall
antelope hunts are ready, announ-
ced the Texas Game and Fish
commission.
Persons interested in the hunts
should write him at Commission
headquarters in Austin. Blanks
and instructions for formally ap-
plying wil be forwarded prompt-
ly. Deadline for mailing requests
for the applications is midnight,
Aug. 31.
Estimates of 1000 head of
prong-horned antelope have been
made for the open season. Only
300 head will be available in the
Panhandle.
Should more persons apply for
the hunt than there are antelope
available, the customary public
drawing will be held in Austin.
The Panhandle shoot will be
in three periods, comprising Oct.
11-13; Oct. 14-16; and Oct. 17-19.
Applicants must indicate whe-
ther they prefer to hunt West
of the Pecos or in the Pan-
handle.
Guests of Mr. and Mrs. M. L.
Bender and family over the week
end were her brother, Mr. and
Mrs. Johnnie Welsh and family,
Stratford, Okla. Guests this week
are her sister, Mrs. Clyde Hask-
ins, Mr. Haskins and sons, Cush-
ing, Okla.
12nr7rir5'"irir5"irir5"7S"7r?ro'*i5"75"7r7nj'7r"5""^
Dr. P. I. Crum
i
OPTOMETRIST
Offices:
217 Main Street
Phone 3321
D) 0 0 0 0 0 0 0 0 0 0 0_°-° OOOOQQQQg*
Hunting Licenses
On Sale Aug. 22
The new hunting and fishing
licenses for the state’s fiscal year
beginning Sept. 1 will be mailed
to agents from Austin, Aug. 21,
according to the Game and Fish
Commission.
Old licenses will be void after
midnight Aug. 31.
Resident hunting licenses cost
$2.15 and include two tags for
deer hunting. Resident fishing
licenses cost $1.65.
Dove Season From
Sept. 1 Thru Nov. 28
Texas will have 95 half days
of mourning dove hunting this
fall, an increase of five over last
year, divided between north and
south zones.
The north zone season will run
from September 1 through Oct.
17, and the south zone will begin
October 12 and continue through
Nov. 28.
Shooting periods will be from
12 noon to sunset. Limits will be
10 per day and 10 in possession.
Joanne Lawson is visiting this
week in the home of her grand-
parents, Mr. and Mrs. R. W.
Lane, Pampa.
Vic Vet jays
W KOREA VETS HAVE UNTIL '
JANUARY 31,1965 to use
THEIR Gl LOAN BENEFITS FOR.
HOME, FARM, OR. BUSINESS
PURPOSES •••• ENOUGH TIME TO
MAKE SURE THEY ARE USING
IT WISELY.
m
muuwwuvuvuunvuH
*>
Frank P. Dove j
(
<
Attorney At Law -
<
Phone 4211
Panhandle
<
^ V
H. H. SMITH
LAWYER
Specializes in Probate, Admin-
istration of Estates, Titles and
Taxation — Federal and State
—Phoney-
Office 4181 Residence 3911
CARSON COUNTY’S
Only Complete
PUiiSING
o—Heating
o—Fixtures
o——Air Conditioning
We’re ready to
Help you, just call
3 9 8 1
Panhandle
Services
^mS3S;.
For full information contact your nearest
VETERANS ADMINISTRATION offic
"Proposed Constitutional
Amendments to be Voted on at
an Election to be Held on Nov.
6, 1956"
HOUSE JOINT RESOLUTION NO. 46
proposing: an amendment to Article XVI.
Section 1, of the Constitution of the State
of Texas, changing the form of the Oath
of Office to include appointive officers of
the State.
BE IT RESOLVED BY THE LEGISLA-
TURE OF THE STATE OF TEXAS:
Section 1: That Section 1 of Article
XVI of the Constitution of the State of
Texas be amended to hereafter read as
follows:
“Section 1. -Members of the Legislature,
and all -'■*— ---- —
enter
take
“I.
swear (or
execute the
_____________________*_____ do' solemnly
affirm), that I will faithfully
duties of the office of ..........
........................ of the State of Texas, and
will to the best of my ability preserve,
protect, and defend the Constitution and
laws of the United States and of this
mted states and ■
State; and I furthermore solemnly swear
for affirm), that I have not directly nor
indirectly paid, offered, or promised to
nor
pay, contributed, nor promised to contrib-
aluable thing, or prom-
ay,
te any money, or vail
iblic office
ised any public
reward for thi
iffice or employment, a
giving ‘or withholding a
vote at the election at which I was elect-
ed. So help me God.”
The Secretary of State, and all other
appointed officers, before they enter upon
the duties of their offices, shall take the
following Oath or Affirmation:
“I......................... _ , do • solemnly
swear (or affirm), that I will faithfully
execute the duties of the office of _______
_________:...................... of the State of Texas,
and will to the best of my ability preserve,
protect, and defend the Constitution and
laws of the United States and of this
State; and I furthermore solemnly
(or affirm), that I have not df
indirectly paid, offered, or proi
pay, contributed, nor promised to contrib-
ute any money, or valuable thing,
emnly swear
directly nor
promised to
ute any money, or va
ised any public offic.
ploymer
emplc
.ward to secure my appointment
mfirmation thereof.
prom-
as a
or the
help me God.”
Constitutional
vote
e at
Tues-
ie thing, or i
ent,
it
Sec. 2. The foregoing Const!
Amendment shall be submitted to
of the qualified electors of this £
an election to be held on the firs
day after the first Monday in November,
1956, at which election all ballots shall
have printed thereon the following:
“FOR the Constitutional Amendment
providing the form of the Oaths of Office
for elective and appointive officers of the
State."
“AGAINST the - Constitutional Amend-
ment providing the form of the Oaths of
Office for elective and appointive officers
Of the State."
Sec. 3. The Governor of Texas shall
Issue the necessary proclamation for the
election and this Amendment shall be pub-
lished as required by the Constitution and
laws of this State.
Amarillo TV Outlet
Seeks Entertainers
Amateur entertainers in this
area are being offered an oppor-
tunity to compete for a trip to
New York on a new television
program every Saturday night.
John E. Sisson will handle the
try-outs for Amarillo’s KFDA-
TV.
Entertainers from Carson coun-
ty should write Sisson in care
of KFDA-TV for an audition.
Jack Campbell, Canyon was
named to receive an educational
award-, sponsored by the Santa
Fe railway.
/ "Proposed Constitutional
Amendments to be Voted on at
an Election to be Held on Nov.
6, 1956"
HOUSE JOINT RESOLUTION NO. 9
proposing an Amendment to Section 11 of
Article I of the Constitution of the State
of Texas by adding a new subsection to be
ctior
less than capital who has been theretofore
twice convicted of a felony; providing for
the submission of the proposed-Amendment
he people
cation the
ussion of the propose
to a vote of the people and for proclama-
tion and publication thereof.
BE IT RESOLVED BY THE LEGISLA-
TURE OF THE STATE OF TEXAS:
Section 1. That Section 11 of Article I
of the Constitution of the State of Texas
be amended by adding a subsection there-
to to be known as Section 11a and to read
as follows:
“Section 11a. Any person accused of a
felony less than capital in this State, who
has been theretofore twice convicted of a
felony, the second conviction being subse-
quent to the first, both in point of time
Tells of Hunting,
Fishing In Alaska
Ellis Harvey of Fairbanks,
Alaska, nephew of Mr. and Mrs.
J. C. Alexander of Borger, told
the Rotary Club last Friday noon
something of hunting and fish-
ing in Alaska.
The club had 13 visiting Ro-
tarians and seven guests of
Rotarians.
Visiting Rotarians included F.
P. Hill, J. C. Alexander, Stewart
Dunaway, Bill Gibbs, Ed Lee, A.
C. Walker, Rev. Winfred Moore,
J. E. Bullock, Paul- Guthrie, R.
A. Gunn, A. M. Minton and T. E.
Ward of Borger, and J. G. Glen-
ney of Pampa.
Classified?—Phone 3401!
Mitchell Will Open ] j
St Francis Store
Bill Mitchel, veteran Panhandle
resident for 31 years, will open a
liquor store at St. Francis in the
W. E. Raef building this week.
Mitchel said that he was hap-
py to get a location near this area
since he had so many friends
here.
_
Legionnaire delegates and Auxi-
liary members from the 781 Am-
erican Legion Posts of Texas will
assemble in Dallas on August 3,
4 and 5 for their 38th annual con-
vention of The American Legion,
Department of Texas, Department
Commander C. L Downey has an-
nounced.
"Proposed Constitutional Amendments to be Voted on at an Election t
to be Held on November 13, 1956
upon evidence substantially showing the
guilt of the accused, be denied bail pending
trial, by any judge of a court of record or
magistrate in this State: provided, how-
bail
less a
motion
itinuance is obtained upon the motion
request of the accused; provided, fur-
ther, that the right of appeal to the Court
of Criminal Appeals of this State is ex-
pressly accorded the accused for a review
of any judgment or order made hereunder."
Sec. 2. The foregoing Constitutional
Amendment shall be submitted to a vote of
the qualified electors of this State at an
election to be held on the first Tuesday
after the first Monday in November, 1966,
at which election all ballots shall have
printed thereon the following:
“FOR the amendment to the Constitution
of the State of Texas providing that a
court, judge or magistrate may deny bail
to a person who has been convicted of two
(2) previous felonies.”
“AGAINST the amendment to the Con-
Stel
3ge 01
erson who has been
two (2) previous felonies.”
Sec. 3. The Governor of Texas shall issue
the necessary proclamation for said election
and have the same published as required by
the Constitution and laws of this State.
' HOUSE JOINT RESOLUTION NO. 30
proposing an amendment to Article III of
the Constitution of the State of Texas, by
adopting a new Section to be known as
Section 51-b, giving the Legislature the
power to provide, under such limitations
and restrictions as may be deemed by the
Legislature expedient, for assistance to
needy individuals who are citizens of the
United States, who are more than eighteen
(18) years of age and less than sixty-five
(65) years of age. who are permanently
and totally disabled by reason of a men-
tal or physical handicap and not feasible
for vocational rehabilitation, who are resi-
dents of the State of Texas, except that
the individuals who are receiving aid for
the permanently and totally disabled may
not, during the same period of time, re-
ceive Old Age Assistance, Aid to the
Needy Blind, or Aid to Dependent Chil-
dren, or be resident in any completely
State supported institution; providing that
the Legislature shall have the authority to
accept from the Government of the United
States financial aid for the permanently
and totally disabled individuals; providing
that the amount paid to any individual
may not exceed Twenty Dollars ($20) a
month out of State funds and may never
exceed the amount paid to that individual
from Federal funds; providing that the
amount paid out of State funds for as-
'One
amount paid out
sietance payments
Million, Five Huuu.
($1,500,000) per yeai
ayments shall not exceed One
red Thousand
. «•;
necessary proclama
election.
ndred Thousand Dollars
ar; providing _ for the
ition, publication and
C1CVVIVU*
BE IT RESOLVED BY THE LEGISLA-
TURE OF THE STATE OF TEXAS:
“Section 1. That Article III of the Con-
stitution of the State of Texas be amend-
ed by adding thereto a new Section to be
known as Section 51-b which shall read as
follows: . „ .
Section 51-b. The Legislature shall have
the power to provide by general laws,
under such limitations and restrictions as
may be deemed by the Legislature expe-
dient, for assistance to needy individuals,
who are citizens of the United States, who
have passed their eighteenth (18th)
day but have l
fifth (65th) hirthda:
permanently disabl
shall have passed their eighteentl
birthday but have not passed their sixty-
65th) birthday, who are totally ai
nently disabled by reason of a me
physical handicap or a combinati.
tal or physical handicap or a combination
of physical and mental handicaps and not
feasible for vocational rehabilitation, and
who are residents of the State of Texas,
who have resided in this State for at
least one (1) year continuously immedi-
the application and who
tate for at least an
nine
ately preceding the ap:
have resided in the Sta
additional five (5) years during the nil
(9) years immediately preceding the a;
plication for assistance; and providir
plication for assistance; and providing
rther that no individual shall receive
i for the per-
further that no
assistance under this program lor
anently and totally disabled during any
riod when he is receiving old age as-
nce. aid to the needy blind, or aid to
ndent children, nor while he is resid-
any completely State
supported institution; and provided fur-
ther that not more than Twenty Dollars
($20) a month out of State funds may
depei
ing pei
th out
paid to any individual recipient: and pro-
vided further that the amount paid out of
State funds to any individual may never
exceed the amount paid to that individual
out of Federal funds; and provided further
that the amount paid out of State funds
' —---------ents shall not exceed
undred Thousand Dol-
for assistance payments shall not exceed
Million. Five Hu
lars ($1,500,000.) per year.
“The Legislature shall have the am
rity to accept from the Government of
United States such financial aid for i:
tho-
the
indi-
onsistent
provided."
Sec. 2. The foregoing Constitutional
Amendment shall be submitted to the elec-
tors of the State of Texas on the second
Tuesday in November, 1956, at which elec-
tion the
the secon
which ele.
ere shall be printed on the ballot
the following clause:
“FOR the Amendment giving the Legis-
lature the power to provide for assistance'
not to exceed Twenty Dollars ($20) a
permanently and totally
of his mental or physical
older, who is a l
Texas and who is
disabled by reason
handicap.”
“AGAINST the Amendment giving the
Legislature the power to provide for as-
sistance not to exceed Twenty Dollars ($20) i
a month out of State funds for each needy
individual, eighteen (18) years of age or
older, who is a resident of the State of
Texas and who is permanently and totally
disabled by reason of his mental or physical;
handicap.”
Sec. 3. PROCLAMATION. The Gov-
ernor of the State of Texas shall issue
necessary proclamation for an election
the same published
the •________ ,-----
and have the same published as required;
by the Constitution and Laws of the State. |
'Proposed Constitutional Amendments to be Voted on at an Section to be Held on November 6, 1956'
manent improvements at State^ institutions
of higher learning and repealing Chapter
330, Acts, Regular Session, Fifty-third
Legislature; and proposing an amendment
to Article VII of the Constitution of the
State of Texas by adding a new section
after Section 11 thereof to be designated
as Section 11a, providing for the improved
support of The University of^ Texas and
the Agricultural and Mechanical College
of Texas from a source other than tax
revenue by providing for the broader in-
vestment of the Permanent University
Fund in corporate bonds and stocks under
certain conditions and limitations; pro-
viding for an election and the issuance of
a proclamation therefor.
BE IT RESOLVED BY THE LEGISLA-
TURE OF THE STATE OF TEXAS:
Section X. That Sections 17 and 18 of
Article VII of the Constitution of the
State of Texas be amended so as to here-
after read as follows: ,
“Section 17. In lieu of the State ad
valorem tax on property of Seven Cents
(7(i) on the One Hundred Dollar QP-00)
valuation heretofore permitted to be levied
bv Section 51 of Article 3, as amended,
s hereby levied, in additi.
axes permitted by the Co
is. a State ad valorem tax
i on the One
uation for the pur-
valuation heretofore permitted to be levied
. Sec
iere i
her 1
of Tex
ty of a »»v --------- ---
•ed Dollars ($100) valuation for
>se of creating a special fund for the
mtinuing payment of Confeder
there is hereby levied, in addition to all
other taxes permitted by the Constitution
of Texas, a State ad valorem tax on pro
erty of Two Cents (2tf) on the One Hu
itate ad valorem tax on prop-
continuing payment of Confederate pen-
sions as provided under Section 51. Article
3,
ma
as pri------ — -
the Constitution.
under Section 51, A:-_.
3, and for the establishment and continued
naintenance of the State Building Fund
ided in Section 51b, Article 3, of
as provi
for the
“Also, there is hereby levied, in addition
all other taxes permitted by the Con-
f Texas, a State ad valorem tax
on property of Five Cents (5<f) on the One
Hundred Dollars ($100) valuation for the
purpose of creating a special fund for the
mirpose of- acquiring, constructing and
itially equipping buildings, or other per-
anent improvements at the designated
...stitutions of higher learning: and the
governing board of each of such institu-
tions of higher learning is fully autnor-
ized to pledge all or any part of said
funds allotted to such institution as here-
______ __________ on
inaTter** provided, to secure bonds or notes
11
ipping
nt improve-'
r provided, to secure Donas or
issued for the purpose of acquiring, con-
structing and initially equipping such
buildings or other permanent improve-
ments at said respective institutions. Such
bonds or notes shall be issued in such
.y be determined by the gov
of said respective institr
amounts as ma;--------------. -
erning boards of said respective institu-
tions, shall bear interest not to exceed
three per cent (3%) per annum and shall
mature serially or otherwise not later than
1968, and September 1,
provided, the poi
oonds or notes hereunder is e>_
ited to a period of twenty(20) years from
the effective date of this amendment; and
provided further, that the Five Cent (5<?)
tax hereby levied shall expire finally upon
payment of all bonds or notes hereby auth-
orized; provided, further, that the State
tax on property as heretofore permitted to
be levied by Section 9 of Article VIII,
amended, exclusive of the tax necessary
pay t
vided
exclusive of the tax neces
the public debt, and of the taxes pro-
' ‘ " ■* public free
for the benefit of the p.
' " lever exceed Thirty -----
ne Hundred Dollars ($100)
i shall be examined and
approved by the Attorney General of the
State of Texas, and when so approved
__________________jblic Account
State of Texas. Said bonds shall be sold
only throug'
never be sol.
and accrued interest.
“Funds raised
tax levy for th
_______^_______ _____ ____ds shall be sold
only through competitive bids and shall
old for less than their par value
;he
>58,
January 1, 1958. shall be aiiocatea by
Comptroller of Public Accounts of the
State of Texas on June first of that year,
based on the average long session full-
time student equivalent enrollment (fif-
teen (15) semester credit hours shall con-
stitute one full-time student) for the pre-
ceding five-year period of time, to the fol-
lowing State institutions of high,
ing then in existence, to wit:
her learn-
____.ngsville; Texas ______ _
at Lubbock; East Texas State Teachers
College at Commerce; North Texas
College at Denton; Sam Houston
Teachers College at Huntsville: Southwest
Texas
;rs College at Huntsville: Southwest
State Teachers College at San Mar-
cos; Stephen F. Austin State College at
Nacogdoches: Sul Ross State College at
Alpine; West Texas State College at Can-
yon ; Texas Southern University at Hous-
ton : Lamar State College of Technology
at Beaumont.
“Not later than June first of the be-
ginning year of each succeeding ten-year
period, the Comptroller of Public Accounts
of the State of Texas, based on the aver-
age long session full-time student equiv-
alent enrollment (fifteen (15) semester
credit hours shall constitute one full-time
student) for the preceding five-year period
of time, shall re-allocate, to the aboVe-
designated institutions of higher learning
then in existence, all funds to be derived
from said Five Cent (5(*) ad valorem tax
for said ten-year period: and all such des-
ignated institutions of higher^ learning
which participate in the allocation or re-
allocation of such funds shall not there-
after receive any General Revenue funds
for the acquiring or constructing of build-
ings or
.e acquiring or constructing
other permanent improvements for
which said Five Cent (5<t) ad valerom^tax
is herein provided, ' ~ ~c 1
flood, storm,
any such ii .
appropriation in an amount sufficient to
replace the uninsured loss so incurred may
replace the uninsured loss
be made by the Legislature out of any
General Revenue funds. The State Comp-
troller of Public Accounts shall draw all
purpose of this amendment; and the State
Treasurer shall pay warrants so issued out
of the special fund hereby created for said
purpose. This amendment shall be self-
enacting: provided, however, it shall not
become operative or effective upon its
adoption
as to supersede or repeal the
isions of this Section, hut shall
become so operative and effective on Jan-
uary 1, 1958; provided, further, that noth-
ing herein shail be construed as impairing
former prov
become so
the obligation incurred by any outs:
notes or bonds heretofore issued by any
State institution of higher learning under
this Section prior to the adoption of this
but
. ____l as
he fund as
any such institution under this Section,
nor shall the provisions of this amend-
ment affect in any way the prior alloca-
tion of the revenue for the ten-year period
beginning January 1, 1948, as heretofore
authorized by the provisions of Section 17
of Article VII of this Constitution as
adopted August 23, 1947. Chapter 330,
Acts, Regular Session, Fifty-third Legis-
lature is repealed upon the effective date
of this Amendment; but the principal and
•interest due on any obligations incurred
by the governing boards of Lamar State
College of Technology at Beaumont and of
Texas Southern University at Houston un-
der the provisions of said Chapter 330
—.-— its repeai shall be paid from the
ns of said Chapter 330
prior to its repeal shall be paid from the
allocations to Lamar State College of
Technology and Texas Southern University
from the funds raised by the Five Cent
(5<?) ad valorem tax levy as provided in
this Section, and the annual allocations to
these institutions under this Section shall
be first devoted to current requirements
for meeting such obligations in accordance
with their terms.
“Section 18. For the purpose of con-
structing, equipping, or acquiring buildings
or other permanent improvements for l...
Texas Agricultural and Mechanical Collf 'e
System, including the Agricultural and
Mechanical College oi Texas at Collei
Static
lingto
Mechanical College
View, Tarleton State College at Stepricn-
ville, Texas Agricultural Experiment Sta-
tions, Texas Agricultural Extension Serv-
ice, Texas Engineering Experiment Sta-
tion, at College Station, Texas Engineer-
ing Extension Service, at College Station,
constructing of buildings or other perma-
nent improvements, except in case of fire,
flood, storm, or earthquake occurring at
any such institution, in which case . an
appropriation in an amount sufficient to,
place the uninsured loss so incurred may
the Legislature out of General
replace
be made by. the Legislature out
Revenue funds.
“Said Boards are severally authorized to
pledge the whole or any part of the re-
spective interests of the Agricultural and
Mechanical College of Texas and of The
University of Texas in the income from the
Permanent University Fund, as such in-
ts are now apportioned by Chapter 42
the Regular Se
sgislature of ti
as, for the purpose of securing the
ment of the principal and interest of
bonds or notes. The Permanent University
apportioned Dy unapte:
e Acts of the Regular Session of th
-second Legislature
i, for the purpose of
ter
ar Session of the
of the State of
the pay-
ch
Fund may be invested in such bonds or
notes.
“All bonds or notes issued pursuant here-
to shall be approved by the Attorney Gen-
eral of Texas and when so approved shall
be incontestable. This amendment shall ba
self-enacting and shall become effective
January 1. 1958: provided, however, that
nothing herein shall be construed as im-
pairing any obligation heretofore created
by the issuance of any outstanding notea
or bonds under this section by the respec-
tive Boards prior to the adoption of this
amendment but any such outstanding notes
or bonds shall be paid in full, both Drin-
cipal and interest, in accordance
terms of such contracts ”
That
with
pnn-
the
ti-
tution of the State of Texas shall be
pal and interest,
jeh
Sec. 2. That Article VII of the Consti-
shall
after Section 11 there-
ion to be designa
11a. which shall read as follows:
amended by adding
of a new Section t.
sn 1
sited
Section
chanical College of Texa:
orized to issue negotiable bonds or
not to exceed a total amount of one-thirct
(%) of twenty per cent (20%) of the
‘Section 11a. In addition to the bonds
now enumerated in Section 11 of Article
VII of the Constitution of the State of
Texas, the Permanent University Fund may
be invfwted in first lien real estate mort-
gage securities guaranteed in any manner
in whole by the United States Government
I or any agency thereof and in such cor-
| iteration bonds, preferred stocks and com-
r-.nn stocks ns the Board of Regents of
The University of Texas may deem to be
proper investments for said fund ; and the
InL.-est and dividends accruing from tho
securities listed in Section 11 and Section
11a, except, the portion thereof which is
sppropri.. ed by the operation of Section
13 c. Article VII for the payment of prin-
cipal and interest on bonds or notes issued
thereunder, shall he subject to appropria-
tion by the Legislature to accomplish the
purposes declared in Section 10 of Article
»Ii of this Cor. .h ‘ion. In making each
and all of such investments said Board of
Regents shall exer-ise the judgment and
ea-o under the cir--instances then prevail-
ing which mer. of ordinary prudence, dis-
cretion. and in‘ 'iranee -exercise in the
management of their own affairs not in
tIn regard
fu
notes
>-third
value of the Permanent University Fund
exclusive of real estate at the time of any
issuance thereof: provided, however, no
building or other permanent improvement
shall be acquired or constructed hereunder
for use by any part of The Texas Agricul-
il and Mechanical College System, ex-
lege of Texas. Arlington State College,
Tarleton State College, and Prairie View
and M. College, without the prior ap-
A. and M. College, without the pr
proval of the Legislature or of such agency
as may be authorized by the Legislature
to grant such approval; and for the pur-
pose of constructing, equipping, or acquir-
ing buildings or other permanent im-
provements for The University. of Texas
System, including the Main University of
Texas at Austin, The University of Texas
Medical Branch at Galveston, The Uni-
lity of Texas Southwestern Medical
oo! at Dallas. The University of Texas
Dentai Branch at Houston. Texas Western
versity
School
at Dallas, The
versi
, Te:
ity of Texas
College of The University of Texas at E
Paso, The University of Texas M. D. An-
derson .Hospital and Tumor Institute at
uston, The University of Texas Post-
aduate School of Medicine, The Um-
dersoi
Ho
gra
versity ot .lexas ocnooi oi rum.c
McDonald Observatory at Mount Locke,
i j i if. — — O_1_— a — at A V* f
of Medicine. The Um-
ersity of Texas School of Public Health,
Ic~ ‘ '
an.
Aransas,
versity of Texas is nereDy aninonzea to
issue negotiable bonds and notes not to
exceed a total amount of two-thirds (%)
of twenty per cent (20%) of the value of
the Permanent University Fund exclusive
of real estate at the time of any issuance
thereof; provided, however, no building or
other permanent improvement shall be ac-
quired or constructed hereunder for use by
any institution of The University of Texas
System, except at and for the use of the
general academic institutions of said Sys-
tem, namely, the Main University and
Texas Western College, without the prior
approval of the Legislature or of such
agency as may be authorized by the Legis-
lature to grant such approval. Any bonds
or notes issued hereunder shall be payable
years from
issued shall mature serially
not mor^ than thirty (30)
their respective dates.
“The Texas Agrienltnral and Mechanical
College System and all of the institutions
constituting such System as hereinabove
enumerated, and The University of Texes
System, and all of the institutions
ituting such S'ystem as hereinabove
lerated, shall not, after the effective
of this Amendment, receive any Gen-
funds for the acquirinp
era! Revenue
“-ar.
urd
regard to speculation but in regard to the
permanent disposition of tbeir funds, con-
sidering the probable income therefrom as
well as the probable safety of their capital:
provided, however, that not more than fifty
per cent (50%) of said fund shall be in-
*|— corporate
tha;
vested
stocks and
given time
any
bonds, nor shall more
per cent (1%) of
: s:
ed by
.11 more than five per
voting stock of any one
e owned: and provided,
r, that stocks eligible for purchase shall
restricted to stocks of companies i
any one (1)
securities issued by any one (1) corpora-
than fiv
ny or
jvided
rchase
be restricted to stocks of companies incor-
isuec
tion, nor shall
(5%) of
corporation be owned :
ther, that stocks eligibl
ve per cent
one
and provided, fur-
ks of companies mcor-
United States which
i one
aid fund be invested in
J by
me
otins
owr
:s eli
sto.
porated within the
have paid dividends for ten (10) consecu-
tive years or longer immediately prior to
the date of purchase and which, except for
bank stocks and insurance stocks, are listed
upon an exchange registered with the Se-
curities and Exchange Commission or its
successors. This amendment shall be self-
enacting, and shall become effective upon
its adoption, provided, however, that the
Legislature shall provide by law for full
disclosure of aU details concerning the in-
cks and bonds
of
in
tier invest
Sec. 3. The
vestments in corporate stocks and bond
and other investments authorized herein."
foregoing Constitutional
bmitted to a vote
af this State at the
■ral Election to be held on the first
Tuesday after the first Monday in Novem-
ber, A.D. 1956, at which election all ballots
shall have printed thereon:
“FOR the Amendment to Article VII of
thd Constitution of the State of Texas by
amending Sections 17 and 18 thereof, pro-
viding a method of payment for the con-
struction and equipment of buildings and
jther permanent improvements • at State
institutions of higher learning: and by
adding a new section thereto to be desig-
nated as Section lit, providing for the
improved support of The University of
niversi _
Texas System and the Texas Agricultural*
and Mechanical College System by author-
izing the investment of the Permanent .Uni-
ing the investment of the Permanent Um-
rsity Fund in corporate bonds and stocks
ider certain conditions and limitations.”
under certain conditions an
“AGAINST the Amendment to Article
the
amei
providing:
ictio
endmen
VII of the Constitution of the State of Tex-
by amending Sections 17 and 18 thereof,
oviding a- method of payment for the
adding a new section thereto to be desig-
nated as Section 11a, providing for the
improved support of The University of
Texas System and the Texas Agricultural
and Mechanical College System by author-
izing the investment of the Permanent
University Fund in corporate bonds and
itocks under certain conditions and Iwu-
1,1 Sec.%. The Governor shall Issue the nec-
essary proclamation for said election and
have the same published as required by the
Constitution and laws of this State.
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Loftin, Paul A. The Panhandle Herald (Panhandle, Tex.), Vol. 70, No. 2, Ed. 1 Friday, August 3, 1956, newspaper, August 3, 1956; Panhandle, Texas. (https://texashistory.unt.edu/ark:/67531/metapth881141/m1/2/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Carson County Library.