The Brady Standard and Heart O' Texas News (Brady, Tex.), Vol. 56, No. 42, Ed. 1 Friday, July 30, 1965 Page: 6 of 8
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LOHN. 1W . Jaljr JT- TMi Dnilae Tb. IIm«< eero r.-|
weather ronrntm dry .in<l Ml'rent yisftnr* ..f Mr ..od Mr. I
ImiI oho redeeming firlur la l'jrrrtfi ||ik|«i«i ami Kathy al
tilt) root nlihu Mall* harvest- Adatnsvllto. They tern a<
Inn has gotten underway but JeaiiipaiM b|f Mwrrl llimli<r ami
It will be another »wl balurx 1 l.iida Phillip*. i
crop la ready to
Sheriff and Vlra I lt*rnmn
Kit hirr of Del Itm> m|in«| the j
Mimi) of the
f«.
Mr* Robi'rl Owdnar
•on. Ky!<• and Mra. Harry Hock. f ^ with Mr* ff. I. Huhitr aw 1
Brad and Jan of Han Diego. Sunday Celling In »»•••
Calif , nr* enjoying a tan day ari„rn,MlB *„r,. Mr* <1 A !<u
Ttelt with Mr. and Mra. L. O. dolph, Mr and Mr*. Ilwta Hu-
®*r,u*' | dolph and children.
Rperdlng the week-cud with : A. \V l.udwiik and iuii,
Mr. and Mm. Ira Heater wrr* Johnny iirrtted Moudiiy fur n
Mr. and M-* John llox and j vacation visit with Ihr former's
Mr and Mra. Itouglaa llox of parents, Mr. and Mra. W. W.
PUBLIC NOTICE
Proponed CONSTITUTIONAL AMENDMENT
NUMHEK TEN ON THE BAIXOT
PKOPOtU) C O S S T I T 1'-I w hich hr waa riveted haa less
T I (> N A I, AMENDMENT than one year remaining.”
TO HK VOTED ON AT AS Sec. 2. The foregoing Con-
KLE4TION TO BK II KI D atitutional Amendment shall
OS' NOYKAIHKK 2. IMj. lie submitted to a vote of the
SENATE JOINT RESO|,tT-I qualified voter* of the etate
TION NO. 47 proponing an ' at an election to be held on
Amendment to Section 4. Art- the find Tuesday after the
icle III. Constitution of the find Monday in November,
State of Texas, to provide 1965. at which election nil
four-year terms of officii for ballots .shall have printed on
State Representatives. them the following:
BK IT RESOLVED BY THE “FOR the Constitutional
LKGISL.ATl RE OF TDK
STATE OF TEXAS:
Section 1. That Section 4,
Article III, Constitution of the
State of Texas be amended to
read ax follows:
"Section 4. The members of
the House of Representatives
ahall he chosen by the quali-
fier! electors for the teim of
LONG CLIMB
tarn
Amendment to provide for
a four-year term of office
for State Representatives."
“AGAINST the Constitu-
tional Amendment to pro-
vide for a four-year term
of office for St.de Repre-
sentatives.”
Sec. 3. The Coventor of the
State of Texas shall issue the
four yeara; but a new House j necessary proclamation for
for the election and this
l.udwirk Previous lo coming: checkup with hi* doctor,
hero the l.udwirk* visited at j Mix* Hetty Smith of Austin
Sweetwuter with relative* and wax a week-end guesl of her
•Mr*. l.udwirk remained there, mother, Mr*. Jewell Smith,
to help eare for her ailing par-1 Mr nnd Mra. Fred Harvey
and Linda of Midlund were
we<k-end kuchIx of Mr. and
; elll*.
of Kepresentativea shall to
chosen after every apportion-
ment. ami the members
elected after each apportion-
ment shall lie divided by lot
into two clnases. The seat* of
the memliers of Cluss A ahall
be vacated at the expiration
of the first two years, and
those of Class B at the ex-
piration of four year*, so that
one-half of the memliers of
the House of Representative*
Amendment shall he published
in the manner ami for the
length of time required by
the ronatitution and laws of
this state.
Sec. 4. In the event the
Constitutional Amendment
profaised in this Resolution is
adopted by the people of Tex-
as in the election in Novem-
ber, 1965, the Governor of
Texas it directed not to issue
shall he chosen biennially j a proclamation /or the elect-
thereafter. Representatives j bin ami not to publish notice
office^ following i thereof for the Constitutional
ahall take
their election, on the day set Amendment proposed by
by law for the convening of , House Joint Resolution No. 1
the Regular Session of the of the 59th Texas Legislature,
legislature, and shall serve since the provisions of said
thereafter for the full term of House Joint Resolution No. 1
years to which elected and are included in this Uesolu-
until their successors shall j lion. Hut, should this proponed
have been elected and quali- Amendment lie rejected by the
people of Texas in the election
in November, 1906, then the
terms and provision* of House
Joint Resolution No. 1 shall he
and remain in full force and
effect and shall he proclaimed
published and submitted to the
electorate in November, 1 966,
as provided in said House
Joint Resolution No. 1.
I qu
fied Except in case of an
election to fill a vacancy, ami
except in the first aUctioa
following each re-apponion-
ment, a person who has been
elected to the House of Rep-
resentatives shall not lie eli-
gible to be a caiuinlale again
for membership in the legis-
lature until the term for
Mra. Josle Corolla returned
home last Wednesday from a
several day's visit with her
brother. Walter Vogvl at Lum-
ps *n*.
Mrs, f!. A. Rudol.ih was
in Han Angelo Monday for an
eye « heckup.
Overnight guest* of the Fred
l.ohnx Siiii<Inv were Mr. and
Mr* Cecil Lolin. Cindy. Leslie
Kay and Cecil. Jr., of New
Orb-mi*, La., when they were
reroute to Willcox. Arix., to
vi*it Mr. and Mrs Karl Lohn
Olliers railing Sunday evening
were Mr. and .Mrs. Floyd Mar-
shall of Melvin, Mr*. Carl
Mr R A. lutwxon. Grover
Lawson of I'ulneiouK Is spend-
ing ii few days witli the Law-
HOUH.
Mr. and Mrx. Charles Ynr-
hoi im *'.i went to Cisco recently
to visit Mr nml Mr*. K*te*
Yarborough and they brought
their children, Linda uml
Charles T. home following an
extended visit with their grand-
pa rents.
Five percent of the total
number of degrees of doctor
of medicine granted III this
Lobn nod Mrx. Ilnllie Hevlnex j country each year are given to I
of Gonldbnsk, Mr. and Mrs. women.
Curtis Collins of Hsnts Anna j — — ------------——— I
Mr and Mrx. Wnrren .lonex
and George, and W. E. Lohn.
Jr., of Ilrady, Mrs. Donald
Hesnom and Tracy of tMabop.
L. O. Marshall, Mr and Mrx
Jack ll'lle, Mr. and Mrs. Lin-
coln Lohn. Mr and Mrs. Ed-
ward Jg)bn, Hilly and Greg.
PUBLIC NOTICE
CONSTITUTIONAL AMENDMENT
Nl MRKK FIVE ON THK BALLOT
smart.
and office build I enabling legislation. Tb
PROPOSED l' O N K T I T l!- | administration ami reaponai
■ TI O N .l I, AMENDMENT bility for the proper open*
i ration
! IhhmIs. Rotes, other evidences
1 of indebtedness, and corpora-
! lion stocks, including common
and prefeirod stocks, of any
' ixirjeiration created or exist-
' mg under the lawa of the
tion shall not alter,
tal the first pa»
4fta of
rsn
i»h of
II of
the t'iinatitutavn of Texaa as
amended November 6, 1954.
or any legislation passed pur-
Muant the reto. Taia Section
tion of the Stole of Teona, shall Is- constituted and shall exeinse the judgment [ ant th. ieto, except iriaotar as
amending Article III of tin- serve as may now or here-
t'nnsritution of the State of after to provided by the tog-
'IVxufc by adding a new Sec-1 isluture. Said Ibiuni shall ex-
tion thereto to be designated | err iso such power* sa ace
Section 1Kb, so as to create. herein provided together with
as an agency of the State of I such other powers and duties
Texas the Teacher Retirement j not inconsistent herewith aa
System of Texas, vesting the l may he prescrilied by the Reg-
ain! care under the efreum-1 the provisions of the second
stances then prevailing which paragraph of Section 4Ka and
men of ordinary prudence, dis any legislation passed pursu-
eretion, and intelligence exer- | silt thereto, inuy limit orj-e-
general administration and re-
sponsibility of the proper op-
eration of uaid system
state board
in a
of trustee* to be
isluture. All moneys from
whatever source coming into
the Fund to provide retire-
ment, disability, and death
known aa the State Board of ; benefit* for person* employed
Trustees of the Teacher Re- in the public schools, colleges.
i-ise in the management of
their own affairs, not in re-
gal'd to speculation hut in re-
gard to the permanent disposi-
tion of their fund*, considering
the probable income therefrom
as well as probable safety of
their capital; and further pro-
vided, that a sufficient sura
ahall be kept on hand to meet
tirement System of Texas, au- a n d universities supported payments as they become due
......... ‘ wholly or partly by the state eBch y«*r un,ler *uch rrtl,'e-
thorizing said Hoard to invest
assets of said system in vari-
ous obligations and subjects
of investment, subject to cer-
tain restrictions stated therein
and such other restrictions as
may hereafter lie provided bv
law; providing that such
Amendment shall be self-en-
acting and shall not alter,
amend or repeal Section 48a
of Article 111 of the Constitu-
tion of Texaa or any legisla-
tion passed pursuant thereto
except insofar as such legisla-
tion may limit or restrict the
provisions of this Amend-
ment; providing for the nec-
essary election, form of bal-
lot, proclamation, and publi-
cation.
HE IT RESOLVED BY THE
LEGISLATURE OF THE
STATE OF TEXAS:
Section 1. That Article III
of the Constitution of the
State of Texas be amended
by adding Section 48b there-
to which shall read as follows:
“Section 48b. There is here-
by created as an agency of the
State of Texas the Teacher
Retirement System of Texas,
the rights of membership
in which, the retirement privi-
leges ami benefits thereunder,
and the management and op-
erations of which shall he
governed by the provisions
herein contained and by pres-
ent or hereafter enacted Acts
of the legislature not incon-
sistent herewith. The general
and all other securities,
moneys, and assets of the
Teacher Retirement System
of Texas shall be adminis-
tered by said Board and said
Board shall be the trustees
thereof. The Treasurer of the
State of Texas shall be cus-
todian of said moneys and se-
curities. Said Hoard is hereby
suthorized and empowered to
acquire, hold, manage, pur-
chase, sell, assign, trade,
transfer, and dispose of any
securities, evidences of debt,
and other investments in
which said securities, moneys,
and assets have been or may
hmvafter invested bv said ale<1 wllmn xn« unreea ,-uaies
SKS.'fcId Boanlte hentby which have paid cash dividends
authorized and empowered to
invest and reinvest any of
said money*, seeurities, and
assets, as well as the pro-
ceeds of any of such invest-
ments, in bonds, notes, or
other evidences of indebted-
ness issued, or assumed or
guaranteed in whole or In
part, by the United States or
any agency of the United
States, or by the State of
Texas, or by any county, city,
school district, municipal corp-
oration, or other political sub-
division of the State of Texas,
both general and special obli-
gations; or in home office fa-
cilities to be used in admin-
istering the Teacher Retire-
ment System including land,
ment plan, as may now or
hereafter he provided by law.
Unless investments authorized
herein are hereafter further
restricted by an Act of the
Legislature, no more than one
per cent (1%) of the book
value of the total assets of the
Teacher Retirement System
shall be invested in the stock
of any one (1) corporation, nor
shall more than five per cent
(5',l) of the voting stock of
any one (1) corporation be
owned; and provided farther,
that stocks eligible for pur-
chase .shall be restricted to
stocks of companies incorpor-
ated within the United States
which have paid cash dividends
for ten (10) consecutive years
or longer immediately prior to
the date of purchase ami which,
except for hank stocks and in-
surance stocks, arc listed upon
an exchange registered with
the Securities and Exchange
Commission or its successors;
and provided further, that so
long as less than $500,000^(8)
of said Fund is invested in the
government and municipal se-
curities enumerated above, not
more than thirty-three and
one-third per cent (3314%)
of the Fund shall be invested
at any given time in common
stocks. This Amendment shall
he self-enacting and shall be-
come effective immediately up-
on its adoption without any
strict the provision# hereof
and only to the extent of such
limitation or restriction.”
Sec. 2. The foregoing Con-
stitutional Amendment shall
lie submitted to a vote of the
qualified electors of this state
at an election to be held on
November 2. 1965, at which
election all ballots shall have
printed thereon the following:
“FOR the Constitutional
Amendment amending Arti-
cle III of the Constitution
of the State of Texas by
adding Section 48b relating
to the Teacher Retirement
Fund and the Teacher Re-
. tirement System of Texas,
revising provisions for in-
vestment of money* ^ and
other assets of the Fund,
and changing other existing
provisions and making other
new provisions with respect
to the administration of the
Teacher Retirement Sys-
tem.”
“AGAINST the Constitu-
tional Amendment amending
Article III of the Constitu-
tion of the State of Texas
by adding Section 48b relat-
ing to the Teacher Retire-
ment Fund and the Teacher
Retirement System of Texas,
revising provisions for in-
vestment of moneys and
other assets of the Fund
nml changing other existing
provisions and making other
new provisions with respect
to the administration of the
Teacher Retirement. Sys-
tem.”
Sec. 3. The Governor of
Texas shall issue the neces-
sary Proclamation for the
election and this Amendment
shall be published in the man-
ner and for the length of time
required by the Constitution
and laws of this state.
PUBLIC NOTICE
prosed CONSTITUTIONAL AMENDMENT
NUMBER TWO ON THE BALLOT
property of certain charitable
organ izu tion a, provided such
organizations meet certain
conditions and requirements
and ex|>end at least One and
On* half Million Dollar* ($1,
500,000 oil) iiiiicj:,!'. on fie*
* medical and hospital care for
the indigent with i the StaU
of Texus; providing for the
necessary election, form of lial-
lot, proclamation and publica-
tions.
PREAMBLE
WHEREAS, The Is gialature
finds and declares that there
PUBLIC NOTICE
Proposed CONSTITUTIONAL AMENDMENT
NUMBER SEVEN ON THE BALLOT
PROPOSED C O N S T I T U-1 One ami One half Million IM-
TION \ L \ME\DME\T Inis ($1,500,(8)0.00); and, fur-
TO BE VOTED ON AT AN ther provided,
ELECTION TO BE HELD
ON NOVEMBER 2, 1965.
SENATE JOINT RESOLU
TION NO. 7 proposing nn
Amendment to the Constitu-
tion of the State of Texas pro-
viding for the exemption from
(2) after such exemption
has been in force and effect
for one full calendar year, the
amount expended for five hos-
pital nnd/or medical care,
within the State of Texas,
amounts to not less than One
local ad valorem taxea of the \ Million Eight Hundred Thous-
and Dollars ($1,81)0,006.00) for
the calendar year next pre-
ceding; and, further provided,
(3) such trust or organiza-
tion is exempt from United
States income taxes;
"(4) such charitable trust or
organization maintains its do-
micile and operate* a hospital
or hospitals in a county hav-
ing a population of more than
on# million two hundred forty
thousand (1,240,000) accord-
ing to the last preceding Fed-
eral Census, and such exemp-
tion shall apply only to the
is a need for the operation of uivpartiaa or such charitable
hospitals by pinate charitable trust or organization located
enterprise* uhuh will furnish within the county of its domi-
free medical and/or hospital cil*.
care for the indigent in Texas, I “Proof of compliance with
and | all applicable conditions staled
WHEREAS, The operation | above, shall constitute a com
of such hospitals and the furn plete defense to any suit for
iahing of sueh free medical valorem taxes leried or at-
rare ami hospitalization for tempted to be leried by any
the indigent in Texas will a>l>l j taxing entity other than the
to the welfare and well-being | State of Texas itself.
“This Amendment shall tie
self-enacting”
Ha*-. 2- Tne foregoing Con-
stitutional Amendment shall
lie submitted to a vote of the
qualified electors of this state
at an elect ton to be held on
the first Tuesday after the
in November,
of the State of Texas and it*
resident* and citizen*: and
WHEREAS, The need for
the operation of such hospital-)
and the furnishing of such |
free medical cate and hospital
itation for the indigent is e*
pei tally great In counties hav- |
tng a population in exrem of , fust Monday
one million two hundred forty at which election all bal
thousand (1.24t).(HHi i; and |„u ahall have printed thereon
WHEREAS, It is found and o*. following-
declared to he the I'uhlic Poll
ey of the Stole to foster andl
eiM-oUi **ge such operation of
haapdala aa aforesaid, now,
therefore.
BK IT KKM>I.VKI> BY THE
LEGISLATURE OK THE
gTATK oK TEXAS:
Section I The Constitution
*f the St ate of Texaa In
amended hereby, ky the aatdl
um of n new Section to At
lu-ta VIIf thereef. to he i»wm
be red Section g-A, and rand
fag an follow*
"g-A. The proper! in* of anv
dnrttsMe Intel or organian
Man. It anrh trust or ugatn-
tin la dadmled to. and »p
era to* a tmepMal furnishing j
BMP henpttol and "f mod Ira I
care tm the ladqrai wrthm
the Stole of Than-. *haR be
mm top* f--“» aft «d vatorem
*-— *—* By any taxing an <
Mr the stale of I
BC
FOR the Amendment ex-
empt mg the property of cer-
tain charitable organizations
from torsi ad valorem taxea
provided any such organi-
zation meets certain condi-
tions. and expeml* at >ast
tine and One liglf MiHmn
Doha'* (fl.5U".W‘tH an-
nually for free hoapital and
neediest care fur the indigent
a,thm the .State of Texas.
AGAINST the Amendment
exempting the property of
ceitotn <Viatliable organiaa-
ttoils from local ad valorem
taxes provided any sorb <ir-
ga'oaat’on meets ceitom
condition*, and expends at
least One and <*ee naif Mil-
ium Dollar* itlAMO.INMiM)
an mail) for free hospital
end medical rate far the ia
dtgeat withia the Mato of
Texaa.
Dm. 1 The Governor of
Texas ahall issue the wares
STdihr
■er and ht the length of t ate
Mr. nrd Mr*. John Huh- and
| Karen, and Debbie Porter of
Hfiiri Angelo arrived Monday
j evening to Spend this woek with
| Mr. and Mrs Jm-k Hnie. The
l Kan A lie do folk went to
| Arlington Tnenday to visit Htx
Fine* Over Texn*.
Overnight yaeci* of Mr. nnd !
Mrs. Marlon Fowler Saturday
• and attending church with I
I ihem wer« Mrs. K. J. Hellow
I nnd daughter. Deena of Neder-
! lnnd and Mr* Ora Harleti of
j Gatnsvllle,
Spending the day with Mr.
| mid Mrs. Krpmett Damron
i Tuesday nnd enjoying fishing
| at one of their tank* were
i Ronnie Moore, ftnndy Slaugh-
ter and Hrad Ruck.
♦ * •
\ Mr. Hnd Mr*. Bill Tedder,
rindv and Charles were supper
guest* of Mr. nnd Mrs Lincoln
l/ohn Siindny ns they wore on-
route home to Abilene follow-
ing a vacation trip to Houston.
Mr*. H T. Marshall of Mid-
west City. Okla., arrived by
hu* Monday night to visit Mr.
and Mr*. Jack Mule nnd til her
rein fives In this vicinity The
Hole* nml Mrs Mnrshnll drove
to Gouldbusk Tnosdny after-
noon to visit Mra. Carl Lohn
who I* home on vacution from
the Methodist Home In Waco.
Sherri Master enjoved n
week-end visit with her grand-
parent*, Mr nnd Mr*. Alfred
Hall in Itrudy.
» • •
Mr*. Ray Hirie. Roy. Ray-
mond and Patricia Ann of
I Chlearo. Ill . ment from Tlmr*-
I day t■ II Sunday with Mr. and
' Mr* (». O. Ilule
Spending the week-end with
I Mr aud Mr*. Grady Moore and
I Dh-kye were Mr ntid Mr*
! Jerry Simpson. Rat lata Tye and
fTelay of Hrownwood Joining
; (he n-oup Sunday were Mr and
i Mr*. Klbert noswett, Joanna.
I Ginger and Mark of Hrady
Mr nnd Mr* R It Smith,
j Jr., attended a family reunion
at ihe Adams Street Community
i renter III Hrownwood Sunday,
Mr*. Hnilv Deck In having
her house remodeled
H, It Smith. Jr.. I* euloylur
S n< W Chevrolet pickup
Al Carroll and hi* cousin,
! II indy l*awsoB of Hruwnwood
««e-ai ii week with Mr. aud V •*
1 • 1V I lottd VV lev and pen
nte Naf.-re going tv? W >tdo*a,
t V. Meg . last Thursday where
they'll vl*|» Mr and Mr* t*r ,
I den Carrofl and ether rclatlywi j
Thev plaa to vl*lt Truth or |
Il'iinwiqiiPRrM l»ef)cn returning I
! home
Rot l.udwirk of Italia* *|ient I
the itav Sunday with hi* uncle j
and annt Mr and Mr* Sam I
Full agar and hi* rcointn, l.vnn >
I Arty Lohn arrived home |
from RMTRC, Ran Marcos la*t
areh in wi«ad ihe remainder
uf the aammar with bta par-
mm*. Mr. ■ ad Mra. Liarota
l-*dto. I
The crwd I a>w g«aiunpaged
Mr and Mr* Jack Hale to
IB Angelo Monday affevnopn
bar* Mr Mala bad a routine
PROPOSED CONSTITU-
TIONAL AMENDMENT
TO HE VOTED ON AT AN
ELECTION TO HE HELD
ON NOVEMBER 2, 1965.
HOUSE JOINT RESOLU-
TION NO. ii proposing an
Amendment to Section 49-b,
Article III of the Constitution
of Texas so as to authorize an
increase in the total amount of
bonds or obligations that may
lie issued by the Veterans’
Land Heard to Four Hundred
Million 1'..liars ($100,1)00,000);
I*roviding for the issuance of
said bonds or obligations and
the conditions relating thereto
and the u.-e of the Veterans’
Land Fund; ami providing for
an election and the issuance of
a proclamation therefor.
HE IT RESOLVED BY THE
I.EGISLATI RE OF THE
STATE OF TEXAS:
Section 1. That Section 49-
h, Article III of the Constitu-
tion of Texas, be amended so
that the same will hereafter
rend as follows:
“Section 49-b. By virtue of
prior Amendments to this
Constitution, there has been
created a governmental agen-
cy of the Stute of Texas per-
forming governmental duties
which has been designated
the Veterans’ Lnnd Board.
Saul Board shall continue to
function for the purposes spe-
cified in all of the prior Con-
stitutional Amendments ex-
cept as modified herein. Said
Hoard shall be composed of
the Commissioner of the Gen-
eral iAnd Hoard and two (2)
citizens of the State of Tex-
as, one (1) of whom shall be
well versed in veterans’ af-
fairs and one (1) of whom
shall be well versed in finan-
ces. One (1) such citizen
member shall, with the advice
and consent of the Senate, be
appointed biennially by the
Guvi-rnor to serve for a term
of four (4) years; but the
memliers serving on said
Board on the date of adoption
hereof shall complete the
terms to which they were ap-
point-'.J. In the event of the
resignation or death of any
..uch citi.cn i .ember, the Gov-
ernor rhall appoint a replace-
ment to serve for the unex-
pired portion of the term to
which the deceased or reaign-
ing member had been ap-
pointed. The compensation for
said citizen members shall be
aa ia now or may hereafter be
fixed by the Legislature; and
each shall make bond in such
amount as ia now or may
hen-after be pneacribod by the
Legislature.
“The ('ommUalonep of the
Gancral Land Office shall act
aa Chairmav of said Hoard
and shall he the administra-
tor of the Veterans’ Lnnd Uro-
gram under such terma and re-
striction* aa are now or may
hervaftor lie provided by law.
In the ah*<-i.ee or llnra of
said Commissioner, the Chief
(Jerk of the General Land Of-
fice ahall be the Acting < hair-
man of mnI Board with the
same duties and powers that
*aid Comimaaioner would have
if present.
"The Veterans' Ioutd Board | hi* bid and trev
may provide for issue ard aell such bonds or
not to exceed Four Hundred , of any holder for the purchase
not less than par value and
accrued interest; shall be is-
sued in such forms, denomi-
nations, and upon such terms
as are now or may hereafter
be provided by law; shall Ire
issued and sold at such times,
at such places, and in such
installments as may be de-
termined by said Board; and
shall hear a rate or rates of
interest as may be fixed by
said Hoard but the weighted
average annual interest rate,
ns that phrase is commonly
and ordinarily used and under-
stood in the municipal bond
market, of all the bonds issued
and sold in any installment of
any bonds may not exceed
four and one-half per cent
(4Vw%). All bonds or obliga-
tions issued and sold hereun-
der shall, after execution by
the Hoard, approval by the
Attorney General of Texas,
registration by the Comptrol-
ler of Public Accounts of the
State of Texas, and delivery
to the purchaser or purchas-
ers, be incontestable nml shall
constitute general obligations
of the Htute of Texas under
the Constitution of Texas;
and all bonds heretofore is-
sued and sold by said Board
are hereby in ail respects vali-
date*! uml declared to be gen-
eral obligations of the State
of Texas. In order to prevent
default in the payment of
principal or interest on any
such bonds, the Legislature
shall appropriate a sufficient
amount to pay the same.
“In the sale of any such
bonds or obligations, a prefer-
ential right of purchase shall
be given to the administrators
of the various Teacher Re-
tirement Funds, the Perma-
nent University Funds, and
the Permanent School Funds.
“Said Veterans’ Land Fund
*hall consist of any lands
heretofore or hereafter pur-
chased by said Hoard, until the
sale price therefor, together
with any interest and penal-
ties due, have been received
by said Hoard (although noth-1 ami direction of said Hoard;
moneys of said Fund in con-
formance with the Constitu-
tional provisions authorizing
such bonds; but the money*
of said Fund which are not
immediately committed to the
payment of principal and in-
terest on such bonds, the pur-
chase of lands as herein pro-
vided, or the payment of ex-
penses as herein provided may
be invested in bonds or obli-
gations of the United States
until such funds are needed
for such purposes.
“All moneys comprising a
part of said Fund and not ex-
pended for the purposes here-
in provided shall be a part of
said Fund until there are suf-
ficient moneys therein to re-
tire fully all of the bonds
heretofore or hereafter issued
and sold by said Hoard, at
which time nil such moneys
remaining in said Fund, ex-
cept such portion thereof as
may lie necessary to retire all
such bonds which portion shall
be set aside and retained in
said Fund for the purpose of
retiring all such bonds, shall
be deposited to the credit of
the General Revenue Fund to
he appropriated to such pur-
poses as may be prescribed
by law. All moneys becoming
a part of said Fund thereafter
shall likewise lie deposited to
the credit of the General Rev-
enue Fund.
“When a Division of said
Fund (each Division consist-
ing of the moneys attribut-
able to the bonds issued and
sold pursuant to a single Con-
stitutional authorization and
the lands purchased there-
with) contains sufficient mon-
eys to retire all of the bonds
secured by such Division, the
moneys thereof, except such
portion as may be needed to
retire all of the bonds secured
by such Division which portion
shall lie set aside and remain
a part of such Division for
the purpose of retiring all
such bonds, may be used for
the purpose of paying the
principal and the interest
thereon, together with the ex-
penses herein authorized, of
any other Ik.lids heretofore or
hereafter issued and sold by
said Hoard. Such use shall Ire
a matter for the discretion
Texas veterans who nerved not
less than ninety (99) continu-
ous days, unless sooner dis-
charged by reason of a serv-
ice - connected disability, on
active duty in the Army, Navy,
Air Force, Coast Guard or
Marine Corjw of the United
States between September
16, 1940, and March 31, 1955,
and who u|w>n the date of fil-
ing his or her application to
puix-ha.se any such land is a
citizen of the United States,
is a bona fide resident of the
State of Texas, and has not
been dishonorably discharged
from any branch of the Armed
Force* above-named and who
at the time of his or her en-
listment, induction, commis-
sioning, or drafting was a
shall be set aside for that pur-
pose in accordance with the
resolution adopted by said
Hoard authorizing the issu-
ance and sale of such series
of bonds. After such eight (8)
year pel iod, all of such mon-
eys shall be set aside for the
retirement of any bonds here-
after issued and sold and to
pay interest thereon, together
with any expenses as provided
herein, m accordance with the
resolution or resolutions au-
thorizing the issuance and sale
<>f such additional bonds, until
there are sufficient moneys
to retire all of the bonds here-
after issued and sold, at which
time all such moneys then re-
maining a part of said Vet-
erans’ Land Fund and tliere-
bona fide resident of the State 1 after becoming a part of said
of Texas. The foregoing not-
withstanding, any lands in the
Veterans’ Land Fund which
have been first offered for
sale to veterans and which
have not been sold may be
sold or resold to such pur-
chasers, in such quantities,
and on such terms, and at
such prices and rates of in-
terest, and under such rules
and regulation* as are now or
may hereafter be provided by
law.
“Said Veterans’ T.and Fund,
to the extent of the moneys
attributable to any bonds
hereafter issued and sold by
said Board may be used by
said Hoard, as is now or may
hereafter lie provided by law,
for the purpose of paying the
expenses of surveying, monu-
menting, road construction, le-
gal fees, recordation fees, ad-
vertising and other like costs
necessary or incidental to the
purchase and sale, or resale,
of any lands purchased with
any of the moneys attribut-
able to such additional Ixinds,
such expenses to be added to
Fund shall lie governed as
elsewhere provided herein.
“This Amendment being in-
tended only to establish a haa-
ic framework and not to be a
comprehensive treatment of
the Veterans’ Land Program,
there is hereby repeat'd in the
Legislature full power to im-
plement and effectuate the de-
sign and objects of this
A rn e n d m e n t, including the
power to delegate sueh duties,
responsibilities, functions, and
authority to the Veterans’
Lnnd Board as it believes nec-
essary.
“Should the legislature en-
act any enabling laws in anti-
cipation of this Amendment,
no sueh law shall be void by
reason of its anticipatory na-
ture.
“This Amendment shall be-
come effective upon its adop-
tion.”
Section 2. The foregoing
Constitutional Amendment
shall tie submitted to a vote
of the qualified electors of
this state at un election to be
held
the price of such land* when | VI,* * ''first' Monlluv-'in
sold or resold, by said .B,,a^ i Nov.-m's-r, 19(15, at which elec-
tor the purpose of paying the tj(,n B„ ball(),R „hu|, have
expense* of issuing, selling. i)|t,.(| th,th(. r.>ll.>winK:
and delivering any such addl-
ing herein shall be construed
to prevent said Board from ac-
cepting full payment for a
portion of any tract), and of
the moneys attributable to
any bonds heretofore or here-
after issued and sold by said
Hoard which moneys so attri-
butable shall include but shall
not be limited to the proceeds
from the issuance and sale of
such bonds; the moneys re-
ceived from the sale or re-
sala of any lands, or rights
therein, purchased with sueh
proceed*; the moneys received
from the sale or resale of any
lands, or tights therein, pur-
chased with other moneys at-
tributable to such bond*; the
interest and penalties received
from the sab- or reunle of such
land*, or rights therein; the
bonuM-a. income, rent*, royal-
ties, and any other pecuniary
benefit received by said Board
from any anrh lands; sums re-
ceived hy way ef indemnity or
forfeiture tor the failure of
any Nek ter for the purchase of
any sueh bonds la comply with
J ~ >nt and pay for
for the failure
Million Dollar* (14(81,000ROC)
in bond* or nNigalwuw of Ihe
Slab of Texaa for the puiynae
.f creating a faod to to
known aa Ito Veterans' land
Fund, Twe Hundred MU Boa
Duller* (fciMOMlJM*) of
WMrh have heretofore brew te-
•eel Sue* tonrfc or
•hall to sold for
of any lands comprising a
port of said Fund to com pi
with hia Nd and accept
any an< h land*;
of any
later
"PR
and
for any an< h lands; ami
ntereat received from Inveet
money*.
The principal and interest on
•ode tor el of ore nnd tore
hut there may be no such use
of any such money* contrary
to the right* of any holder of
any of the bond* issued and
sold by said Board or viola-
tive of any contract to which
said Hoard is a party.
“The Veterans' Iomd Fund
shall to used by said Hoard
tor the purpose of purchas-
ing lands situated in the Htnte
of Texas owned by the United
States or any governmental
agency thereof, owned by the
Texas Prison System or any
other governmental agency of
the State of Texaa, or owned
by any person, firm, or corp-
oration. All land* thus pur-
chased xhnll to acquired al the
lowest price obtainable, to to
paid tor in ra*h. and shall
to a part of said Fund. Sueh
land* toietofnrw or hereafter
purchased uml com pi ming a
part of said Fund are here-
by declared to to held for *
governmental purpose. al-
though th« individual puirhax-
er* thereof shall to subject to
taxation to the same extent
ami in the same manner as
are lamhaser* of land* <led!-
< ate,i to the Permanent I'm
Pilldie School Fund.
“The lands of the Veterano'
Land Fund shall to sold by
said Board in sarh •piantitiaa,
om h terms, at swrh priraa.
at such rotes of mteraat sad
under »uch rules and r•‘■na-
tional bonds; nnd for the pur-
pose of meeting the expense*
of paying the interest or
principal due or to toenme
due on any such additional
bonds.
“Al! money* attrilaitable to
the bond* issued and sold
pursuant to the Constitution-
al Amendment adopted on No-
vember 6, 1956. shall to cred-
ited to said Veterans’ Land
Fund and may to used for
the purpose of purchasing
additional lands, to to .-odd as
provided herein, until Decem-
ber 1, 1965; provided, how-
ever, that so much of such
moneys a* may to necessary
to pay interest on such bonds '
shall to set azide for that put I
l*»se. After December I, 1965.
all moneys attributable to such
bonds shall to set a*ide for
the retirement of such bond*
and to pay interest thereon;
and when there are sufficient !
moneys to retire nil of nucIi <
bonds, nil of such money* then j
remaining or thereafter to
isttning a purl of said Vet- |
••roes’ Land
governed as
vided herein.
Fund shall he
elsewhere pro
printed thereon the following;
“FOR the Amendment to
Bet i i.ni 49 b of \ 11 ids 111
of the Constitution of Texas
to increase the Veteran#’
Land Fund hy $200,000,000.-
1)0; said Fuml to to used for
tin- puipose of purchasing
land in Texas lo to Hold to
Texas veteran* who served
in the Armed Services of
the United State* between
Scptemtor 16, 1940, and
March ,Tl, 1955; such funds
to to expended in accord-
ance with instructions and
requirements that may to
provided by law”; and
“AGAINST the Amendment
to Section 49-b of Article
III of the Constitution of
Texas to increase the Vet-
emna’ Land Fund by $204),-
000.000.00; mi id Fund to to
used for the pu- |s>sc of pur-
chasing land in Texaa to to
Hold In Texas veteran* who
served in the Armed Serv-
ice* of the United States
tot ween Septeintor 14,
1910, and M m h 31, 1965;
such fund* to to expemled
hi accordance with instruc-
tions and requirement* that
may to provided by law."
if it appear* from the re-
leaned by mM Hoard j Irons as are now or may hero-
be poM eot ot Iks > after be pros sled by low ta
“AR of the moneys attrib ; ’urn* of said election that •
utable In any *ei je* of tond* I >naj>>rity of the vote* cast
hereafter issued and *oM hy j were m favor of same Amend-
•aid li’ianl (a ‘series of bond*' ment, the same shall toco mo a
tiring all of the tomda isnted I ivart of the State Conatitu-
and sold in a single traniartion tion end to effective from the
aa a single installment of «-late rot forth in said Amend
bonds) may to o*ed f..r th. i ment, ami the Governor ahall
purr hero of leads as herein iaouo a proclamation in keop-
proxnled, to to sold aa herein I iag therewith,
provided, for a |k*nod ending I Rretloa 3 The Governor of
eight <•) years aft. r the .late ■ the State of Texas shall isaoa
of a^ddfinrh sariMof WanUi.ihe necessary prorlamatten
I mildMb however, tkot ro i for said •tortiod and ahull
much ef »orh moneys as mav have the same p-iUudMd M
b* rwcc.uary lo pay ir.i»r. e» <-w required by the (OOetltUtNn
">d« herrait. r itmjr.l sod ».dd a d LMM «f ’b,« .'.ate
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Smith, L. B. The Brady Standard and Heart O' Texas News (Brady, Tex.), Vol. 56, No. 42, Ed. 1 Friday, July 30, 1965, newspaper, July 30, 1965; Brady, Texas. (https://texashistory.unt.edu/ark:/67531/metapth990375/m1/6/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting FM Buck Richards Library.