The Paducah Post (Paducah, Tex.), Vol. 50, No. 21, Ed. 1 Thursday, August 22, 1957 Page: 5 of 8
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THE PADUCAH POST, PADUCAH, TEXAS, THURSDAY AUGUST 22, 1957
WEST TEXAS UTILITIES COMPANY
69,000-volt and 138,000-volt
TRANSMISSION SYSTEM
CONSTRUCTION PLANNED
\
SHAMROCK
New Generating Units —
Fort Stockton . . .
Rio Pecos . . .
Paint Creek.....
New Power Plants —
5,000 KW Unit (1956-1958)
36,500 KW Unit (1957-1959)
53,000 KW Unit (1957-1959)
ij 0>-^ ^ a
HSMPMISH
MATAC
O K L A H O iVi A
PSCO
TcSCO
cm
i.AK£ PAOCitHE
power? PLANT
75,000 KW Unit (1958-1961)
(proposed ) ( ? ? )
Oak Creek . . .
San Angelo .
New Transmission Lines —
138.000- volt Line, Paint Creek to Oklahoma (1958)
138.000- volt Line, Paint Creek to Abilene (1959)
138.000- volt Line, Rio Pecos to C P & L (1959)
-Tesco
gwr ■
ROBY
leaky
power? plant
osco
— TESCO
TUSCOLA, pLK,«S
,ff 6** <-n°l%SlN6 STAN
TESCO
M^AN
O ECO
LCRA
LCRh
MARFA
i PRESIDIO
0=33 138,000-volt Lines
fiHHHii New 138,000-volt Lines
jiBO 69,000-volt Lines to Be Converted to
138,000 Volts
New Generating Units
New-Generating Stations
© Present Generating Stations
Present 69,000-volt Lines
MEXICO
POST WANT ADS GET RESULTS
NUMBER ONE ON THE BALLOT
PROPOSED CONSTITUTIONAL
AMENDMENT TO BE VOTED
ON AT AN ELECTION TO BE
HELD ON NOVEMBER 5. 1957.
HOUSE JOINT RESOLUTION NO.
37 proposing: an amendment to Sub-
section (a) of Section 62, Article XVI
of the Constitution of Texas, relating
•to establishment of a retirement, dis-
ability and death compensation fund
for officers and employees of the State.
BE IT RESOLVED BY THE LEGIS-
LATURE OF THE STATE OF
TEXAS:
Section 1. That Subsection (a) of
Section 62, Article XVI of the Con-
stitution of the State of. Texas be
amended so as to read hereafter as
follows:.
“Section 62. (a) The Legislature
shall have the authority to levy taxes
to provide a State Retirement, Dis-
ability and Death Compensation Fund
for the officers and employees of the
State, and may make such reasonable
inclusions, exclusions, or classifications
of officers and employees of this State
as it deems advisable. The Legislature
may also include officers and employ-
ees of judicial districts of the State
who are or have been compensated in
whole or in part directly or indirectly
by the State, and may make such other
reasonable inclusions, exclusions, or
classification of officers and employees
of judicial districts of this State as it
deems advisable. Persons participating
in a retirement system created pursuant
to Section 1-a of Article V of this
Constitution shaii not be eligible to
participate in the Fund authorized in
this Subsection; and persons partici-
pating in a retirement system created
pursuant to Section 48-a of Article III
of this Constitution shall not be eligible
to participate in the Fund authorized
in this Subsection except as permitted
by Section 63 of Article XVI of this
Constitution. Provided, however. :
officer or employee of a county as pro-
vided for in Article XVI, Section 62.
Subsection (b) of this Constitution,
shall not be eligible to participate in
the Fund authorized in this Subsection,
except as otherwise provided herein
The amount contributed by the State
to such Fund shall equal the amount
paid for the same purpose from the
income of'each such person, and shall
not exceed at any time five per centum
(5%) of the compensation paid to each
such person by the State
“All funds provided from the com-
pensation of such person or by the
State of Texas for such Retirement,
Disability. and Death Compensation
Fund, as are received by the Treasury
of the State of Texas, shall be invested
in bonds of the United States, or in-
bonds issued by any agency of the
United States Government, the payment
of the principal of and interest on
which is guaranteed by the United
States; or in such other securities as
are now or hereafter may be permitted
by law as investments for the Per-
manent University Fund or for tha
Permanent School Fund of this State,
under the same limitations and re-
strictions imposed by the Constitution
for investment of those funds and sub-
ject to such regulations as the Legisla-
ture may provide. However, a sufficient
amount of said Fund shall be kept on
hand to meet the immediate payment
of the amount likely to become due
each year out of said Fund, such
amount of funds to be kept on hand
to be determined by the agency which
may be provided by law to administer
said Fund.
"Should the Legislature enact enab-
ling laws in anticipation of the adop-
tion of this Amendment, such legisla-
tion shall not be invalid by reason of
its anticipatory character.”
Sec. 2. The foregoing Constitutional
Amendment shall be submitted to a
vote of the qualified electors of this
State at a special election to be held
throughout the State on the first Tues-
day after the first Monday in Novem-
ber, 1957, at which election all ballots
shall have printed thereon the follow-
ing:
“FOR the Constitutional Amendment
amending Subsection (a) of Section 62,
Article XVI of the State Constitution,
relating to establishment of a retire-
ment, disability and death compensa-
tion fund for officers and employees
of the State.”
“AGAINST the Constitutional Amend-
ment amending Subsection (a) of Sec-
tion 62, Article XVI of the State Con-
stitution, relating to establishment of a
retirement, disability and death com-
pensation fund for officers and em-
ployees of the State.”
Sec. 3. The Governor of the State of
Texas is hereby directed to issue the
necessary proclamation for said i !_1
election and this Amendment si
nd the election held as re-
necessary proclamation for said special
shall
and the election held
quired by the Constitution and laws of
this State.
published
Mrs. Lucy Phelps
Is Candidate for
BS Degree at ACC
Lucy Nelirita Phelps of Pa-
ducah is one of 91 students who
are candidates to receive de-
grees from Abilene Christian
College on Aug. 23.
Mrs. Phelps is the daughter
of Mr. and Mrs. S. E. Boothe of
Paducah and is a 1951 graduate
of Paducah High School. She
is scheduled to receive the
Bachelor of Science degree in
elementary education.
ATTENDS PIANO SESSIONS
Mrs. Clifford Graves has re-
turned from Amarillo where she
attended the piano course at the
Musical Arts Conservatory con-
ducted by Dr. Leo Podolsky of
Chicago.
Training of the teacher and
teaching materials for all grades
including modern composition
and studies was by Mr. Podol-
sky. Teachers attending were
awarded certificates for their
special work.
Heatly Attending
SREB Legislative
Work Conference
W. S. (Bill) Heatly, State
Representative for Cottle, Harde-
man, Foard and Wilbarger coun-
ties, left Wednesday, Aug. 21,
for Williamsburg, Va„ where he
will attend the Legislative Work
Conference of the Southern Reg-
ional Education Board.
Representative Heatly is
Chairman of the Legislative Ad-
visory Committee which is com-
posed of 16 Southern states, and
a member from each House of
each state constitutes the mem-
bership.
The work conference is to
work out common problems
which confront the states rela-
tive to higher education. It also
recommends to Southern Gov-
ernors Conference other matters
for them to give their atten-
tion.
Representative Heatly passed
a resolution in the Legislative
Work Conference held a year
ago in New Orleans, requesting
the Southern Governors Confer-
ence to study the problem of
setting up a large research lab
to endeavor to find more uses
for cotton.
As Chairman of the Legisla-
tive Advisory Counsel, Heatly is
to reach Williamsburg on the
27th and their meeting is to
adjourn “Sine Die” the after-
noon of the 31st.
. Speaker Waggoner Carr, of
the House of Representatives, is
also expected to attend -the
meeting.
Eight-hour-law, passed by
Congress in 1868, provided that
all government employment
eight hours should constitute a
day’s work.
A coulometer is an instru-
ment for measuring the amount
of electricity passing through a
circuit.
Little League Playoff Briefs
If feed crop prospects con-
tinue favorable, feed grain prices
will probably average some-
what lower the rest of 1957 than
for the same period in 1956,
adds McHaney.
Red Sox 12, Yankees 10
In the opening game of the
playoff series, the Red Sox took
a slim 12-10 win from the Yanks
Thursday night.
The Red Sox scored their 12
runs off only two hits, as
Yankee errors heavily dominat-
ed the contest. Pedro Trevino
was the winning pitcher, Billy
Roy Compton the loser.
The Yankees got three hits,
all of them singles. For the
Red Sox, Roger Gregory smash-
ed out a triple in the second
inning, and Jim Chaney singled
for the other hit.
Braves 13, Giants 8
Jumping off to a, 6-0 lead in
the initial inning, the Braves
held their advantage for a. 13-8
win from the Giants Thursday
night.
Larry Alley went the distance
for the Braves and was the
winning pitcher. He gave up
only three hits. Jerry McCreary
singled twice and Herman Fox
tripled in the final frame.
McCreary started on the
mound for the Giants and gave
up one hit when he was re-
lieved by Fox with no outs in
the opening frame. Fox gave
up six hits, all were singles.
Braves 16, Giants 6
The Braves won the Major
League Championship Friday
night in the bottom of the fifth
inning when the game was call-
ed on the ten-run rule. They
defeated the Giants 16-6.
Repeating their performance
of the previous night, the
Braves took a big first inning
lead and would not relinquish
their margin to the Giants.
Warren Townley was the win-
ning hurler, after pitching a
four-hit ball game to the Giants.
Again McCreary started on
the mound for the Giants, but
was relieved by Fox after one
out in the first inning. Fox
gave up six hits and McCreary
three.
There were no extra base
hits in the entire game.
Yankees 20, Red Sox IB
The Yankees threw the Minor
League into the third game Fri-
day night by winning the sec-
ond contest from the Red Sox
20-10.
They took a first-inning lead
that they would not give up
Canadian River Authority Sets Pace
For Greenbelt Confirmation Election
WEEK-END GUESTS
Mr. and Mrs. Ray Gillit and
Tracey Lyn, Lubbock, and Mrs.
F. C. Smith and children, Fort
Worth, were week-end visitors
in the home of Mr. and Mrs.
Ralph Hardin and Mr. and Mrs.
Bill Cartwright.
The New England states are
Maine, New Hampshire, Ver-
mont, Massachusetts, Rhode Is-
I land and Connecticut.
L
......
m
i CARS
1
Sx-V..
pi*
1956 Chevrolet Bel-Air 4 Door Sedan, 8 Cylinder
Powerglide, 2 Tone, Radio & Heater.
1956 Chevrolet 2 Door Sedan, 2 Tone Paint,
Radio & Heater.
1953 Chevrolet 2 Door Sedan, Radio & Heater.
1956 Chevrolet 1/2 Ton Pickup, Radio, Hitch &
Heater.
1951 GMC 1/2 Ton Pickup.
MANY OTHER CHEAPER CARS & PICKUPS
MAT EUBANKS CHEVROLET CO.
The Canadian River Authori-
ty is now back at full strength
with the confirmation of Am-
arillo, Pampa and Plainview in-
to the project. These towns join
with other panhandle and plains
cities in their joint efforts to
provide a long range plan for
providing adequate water for
all foreseeable needs.
The Greenbelt Municipal and
Industrial Water Authority will
be in a position to take the
first steps towards providing
water reserves for its area if
the confirmation election to be
held August 31 carries. The
election has been called in each
of the seven towns authorized
under the state legislation and
includes Childress, Memphis,
Clarendon, Hedley, Quanah, Pa-
ducah and Wellington.
“The election on August 31
will merely create a legal rep-
resentative body,” Dr. S. H.
Townsend of Childress stated
today. “The law is very specific
in limiting the power of the Au-
thority, once it is created, to
levy taxes or issue bonds,” he
continued. “Only the qualified
tax payers of each community
can authorize a tax for the au-
thority or give permission to
issue bonds; the authority's real
purpose will be to study the
feasibility of building a dam
for water storage, • to authorize
studies of water quality which
will be obtained from such a
dam, and to make any studies
of cost of delivering the water
to the seven cities which may
vote themselves into the au-~
thority,” Townsend concluded.
The Salt Fork of the Red
River has been proclaimed the
last available source of water
available to this area and prOg-
Former Resident On
A&M’s Honor Roll
Robert Neil Allison of Den-
tori has been named a distin-
guished student for the spring
semester at Texas A&M College,
as a result of academic grades.
A graduate of Paducah High
School he was enrolled in at
least fifteen semester hours and
established a grade point of
2.25 with no grade lower than C.
Dr. Allison is the son of Mrs.
Marvin Allison, Denton, former-
ly of Paducah and is presently
employed as a veterinary by the
Federal Government in the Ani-
mal Disease Eradication Branch
with headquarters in Amarillo.
ress must be made towards
using the water available from
this source if the area is not to
and went on to the victory. The
Red Sox began to climb in the
fourth frame, too late to over-
come the Yankee lead.
The Red Sox used four pitch-
ers trying to control the Yankee
onslaught — Trevino, Gregory,
Stan Heatly and Chaney. They
gave up a total of eight hits.
John Richards was on the
mound for the Yanks, giving up
four hits.
Fred Davis hit a home run
for the Red Sox, while Yankees
Jerry Phelan and Robert Grant
clipped home runs back-to-back
in the fourth inning.
Yankees 10, Red Sox 8
Saturday night the Yankees
won the Minor League Champ-
ionship by taking the third and
final game from the Red Sox
10-8.
The Yanks took a 3-0 lead
in the opening frame and did
not score again until the fourth.
In the third frame the Red Sox
went into the lead, 4-3. In the
fourth the Yankees knotted the
score at 4-4.
It was in the fifth and final
inning the Yanks did their dam-
age. They scored six runs ora
only one hit. Trying to over-
come the lead, the Red Sox
scored four times in the fiftfe,
before the final out came.
Phelan was the winning
pitcher, giving up four bingles.
Ricki Handley, who made Ms
first appearance in the series
Saturday night, accounted for
the initial three Yankee runs
when he sent a four-bagger into
deep left field with two men on.
Standings
SEASON STANDING
Braves
11
7
.611
.—
Cardinals
9
9
.500
2
Dodgers
9
9
.500
2
Giants
7
11
.383
&
Yankees
10
8
.55S
. -
Red Sox
10
8
.5555
—-
Indians
10
8
356'
—
White Sox 6
12
.33S
These
standings
do?
not
in
elude tie playoffs or the pJ$y
off series, but only regula
scheduled games.
NUMBER TWO ON THE BALLOT
PROPOSED CONSTITUTIONAL
AMENDMENT TO BE VOTED ,
, ON AT AN ELECTION TO BE 1
HELD ON NOVEMBER 5, 1957.
lose its water rights to
cities downstream who
other j
have j
been already studying means of,
capturing this water for their
own use.
Election judges and the place
of voting in each community
has been set. Absentee ballot-
ing started on Monday, August
12, and will continue through
midnight, August 27. Absentee
ballots can be obtained from
Mrs. Bertie Campbell, election
clerk, at the school tax office in
the City Hall.
HOUSE JOINT RESOLUTION NO.
2 proposing an amendment to Article
III, Section 51a of the Constitution of
Texas, so as to increase the limit on
the maximum monthly payment to
needy aged persons from state funds
and on the total yearly expenditure
out of state funds for assistance to
needy aged, needy blind, and needy
children: and allocating and appro-
priating additional sums, supplementing
current legislative appropriations, for
payment of assistance grants.
BE IT RESOLVED BY THE LEG-
ISLATURE OF THE STATE OF
TEXAS:
Section 1. That Section 51a of Ar-
ticle III of the Constitution of the State
of Texas be amended to read as fol-
lows :
“Section 51a. The Legislature shall
have the power, by General Laws, to
provide, subject to limitations and re-
strictions herein contained, and such
other limitations, restrictions and reg-
ulations as may by the Legislature be
deemed expedient for assistance to, and
for the payment of assistance to :
“(1) Needy aged persons who are
actual bona fide citizens of Texas and
who are over the age of sixty-five (65)
years: provided that no such assistance
shall be paid to any inmate of any
state-supported institution, while such
inmate, or to any person who shall not
have actually resided in Texas for at
least five (5) years during the nine (9)
years immediately preceding the appli-
cation for such assistance and contin-
uously for one (1) year immediately
preceding such application: provided
that the maximum payment per month
from state funds shall not be more
than Twenty-five Dollars ($25) per per-
son ; and provided further that no pay-
ment in excess of Twenty-one Dollars
($21) shall be paid out of state funds
to an individual until and unless such
additional amounts are matched by the
Federal Government.
“(2) Needy blind persons who are
actual bona fide citizens of Texas and
are over the age of twenty-one (21)
years; provided that no such assistance
shall be paid to any inmate of any state
supported institution, while such in-
mate, or to any person who shall not
have actually resided in Texas at least
five (5) years during the nine (9)
years immediately preceding the ap-
plication for such assistance and con-
tinuously for one (1) year immediately
preceding such application.
“(3) Needy children who are actual
bona fide citizens of Texas and are
under the age of sixteen (16) years,
provided tha' ^ such assistance shall
be paid on account of any child over
one (1) yec- old who has not con-
tinuously res'L.d in Texas for one (1)
year immediately preceding the applica-
tion for such assistance, or on account
of any child under the age of dne (1)
year whose mother has not continuously
resided in Texas for one (1) year im-
mediately preceding such application.
“The Legislature shall have the au-
thority to accept from the Federal Gov-
ernment of the United States such
financial aid for the assistance of the
needy aged, needy blind, and needy
children as such Government may offer
not inconsistent with restrictions- Here-
in set forth; provided however, that the-
amount of such assistance out of state-
funds to each person assisted shall
never exceed the, amount so expended
out of federal funds; and provided
further, that the total- amount of money
to be expended out of state funds for-
such assistance to the needy aged,
needy blind, and needy children ; shall
never exceed the sum of Forty-sevett
Million Dollars ($47,000,000) per year.
"The Legislature shall enact appro-
priate laws to make lists of the recip-
ients of aid hereunder available for
inspection.
“Supplementing legislative appropri-
ations for assistance payments au-
thorized by this section, the folio win jr
sums are allocated out of the Omnibus
Tax Clearance Fund and are appro-
priated to the State Department of
Public Welfare for the period begin-
ning December 1, 1957 and ending:
August 31, 1959: Four Million, Nine-
Hundred Thousand Dollars ($4,900,G00>-
for Old Age Assistance,. One. Hundred.
Seventy-Five Thousand Dollars ($175,-
000) for Aid to the Blind,, and Five
Hundred, Twenty-five-Thousand Dollars
($525,000) for Aid to* Dependent Chil-
dren. Such allocations and appropria-
tions shall be made available on the
basis of equal monthly installments
and other wise shall be subject to the
provisions of currently existing laws
making allocations- and; appropriations
for these purposes.”'
Sec. 2. The foregoing- Constitutional
Amendment shall be submitted to the
qualified electors of Texas; at an elec-
tion to be held throughout the State
of Texas on the 5th day of November,
1957, at which election there shall be
printed on such ballot the followinB
clauses:
“FOR the Constitutional Amendment
increasing. Jthe limit on the maximum
monthly payment to needy aged) pesaisns
from state funds from Twenty Dollar*
($20) per month to Twenty-five Dol-
lars ($25) per month subject to certain
conditions for payment in excess of
Twenty-one Dollars ($21) per month)
and on the total yearly expenditure- ouc
of state funds for assistance to- needy
aged, needy blind, and needy children
from Forty-two Million Dollars ($42w-
000.000) per year to Forty-seven. Mil-
lion Dollars ($47,000,000) per year; and
allocating and appropriating additional
sums, supplementing current legisla-
tive appropriations, for payment of
assistance grants.”
“AGAINST the Constitutional Amend-
ment increasing the limit on the max-
imum monthly payment to needy aged
persons from state funds from Twenty
Dollars ($20) per month to Twenty-five
Dollars ($25) per month subject lt>
certain conditions for payment in ex-
cess of Twenty-one Dollars ($21) per
month and on the total yearly ex-
penditure out of state funds for as-
sistance to needy aged; needy blindt.
and needy children from Forty-two
Million Dollars ($42,000,000) per year
to Forty-seven Million Dollars
000,000) per year; and allocating: and
appropriating additional sums,, supple-
menting current legislative- appropria-
tions, for payment of assistance-grants."
Sec. 3. The Governor of Texas, shall
issue the necessary proclamation for
the election and this Amendment phall
be published as required by the Con-
stitution and laws of this State.
NUMBER THREE ON THE BALLOT
PROPOSED CONSTITUTIONAL
AMENDMENT TO BE VOTED
ON AT AN ELECTION TO BE
HELD ON NOVEMBER 5, 1957.
Earrings date back to
historic times.
HOUSE JOINT RESOLUTION NO.
3 proposing an amendment to the Con-
stitution of Texas adding a section to
be known as Section 49-c of Article
III, providing for the issuance and sale
of bonds of the State of Texas to
create the Texas Water Development
Fund to provide financial assistance to
certain political subdivisions or bodies
politic and corporate of the State of
Texas in the conservation and develop-
ment of the water resources of the
State; providing for the payment of
such -bonds; creating an agency to
administer said Fund and to perform
other duties prescribed by law ; limiting
the period during which financial as-
sistance may be granted: and providing
for the calling of an election and the
publication and issuance of the pYo-
clamation therefor.
BE IT RESOLVED BY THE LEG-
ISLATURE OF THE STATE OF
TEXAS:
Section 1. That Article III of the
Constitution of Texas be amended by
adding a new section thereto to he
known as Section 49-c, as follows:
“Section 49-c. There is hereby cre-
ated as an agency of the State of
Texas the Texas Water Development
Board to exercise such powers as nec-
essary under this provision together
with such other duties and restrictions
as may be prescribed by law. The
qualifications, compensation, and num-
ber of members of said Board shall
be determined by law. They shall be
appointed by the Governor with the
advice and consent of the Senate in
the manner and for such terms as
may be prescribed by law.
“The Texas Water Development Board
shall have the authority to provide for,
issue and sell general obligation bonds
of the State of Texas in an amount not
to exceed One Hundred Million Dol-
lars ($100,000,000). The Legislature of
Texas, upon two-thirds (2/3) vote of
the elected Members of each House,
may authorize the Board to issue ad-
ditional bonds in an amount not ex-
ceeding One Hundred Million Dollars
($100,000,000). The bonds authorized
herein or permitted to be authorized
by the Legislature shall be called 'Tex-
as Water Development Bonds,’ shall
be executed in such form, denomina-
tions and upon such terms as may be
prescribed by law, provided, however,
that the bonds shall not bear more
than four per cent (4%) interest per
annum; they may be issued in such
installments as the Board finds feasi-
ble and practical in accomplishing the
purpose set forth herein.
“All moneys received from the sale
of State bonds shall be deposited in a
fund hereby created in the State Trea-
sury to be known as the Texas Water
Development Fund to be administered
(without further appropriation) by the
Texas Water Development Board in
such manner as prescribed by law.
"Such fund shall, be used only for
the purpose of aiding or making funds
available upon such terms and con-
ditions as the Legislature may pre-
scribe, to the various political subdi-
visions or bodies politic and corporate
of the State of Texas including river
authorities, conservation and reclama-
tion districts and districts created or
organized or authorized to be created
or organized under Article XVI, Sec-
tion 59 or Article III, Section 52, of
this Constitution, interstate compact
commissions to which the State of
Texas is a party and municipal cor-
porations, in the conservation and de-
velopment of the water resources of
this State, including the control, stor-
ing and preservation of its~storm and
flood waters and the waters of its
rivers and streams, for all useful and
lawful purposes by the acquisition, im-
provement, extension, or construction
of dams, reservoirs and other water
storage projects, including any system
necessary for the transportation Of*
water from storage to points of treat-
ment and/or distribution, including fa-
cilities for transporting water there-
from to wholesale purchasers, or for
any one or more of such purposes or
methods.
“Any or all financial assistance as
provided herein shall be repaid with
interest upon such terms, conditions
and manner of repayment as may be
provided by law.
“While any of the bonds authorized
by this provision or while any of the
bonds that may be authorized by the
Legislature under this provision, or
any interest on any of such bonds, is
outstanding and unpaid, there is here-
by appropriated out of the first moneys
-coming into the Treasury in each fis-
cal year, not otherwise appropriated by
this Constitution, an amount which
is sufficient to pay the principal and
interest on such bonds that mature or
become due during such fiscal year, less
the amount in the sinking fund at the
close of the prior fiscal year
“The Legislature may provide for the
investment of moneys available in the
Texas Water Development Fund, and
the interest and sinking funds estab-
lished for the payment of bonds issued
by the Texas Water Development
Board. Income from such investment
shall be used for the purposes pre-
scribed by the Legislature. The Legis-
lature may also make appropriations
from the General Revenue Fund for
paying administrative expenses of the
Board.
“From the moneys received by the
Texas Water Development Beard as
repayment of principal for financial
assistance or as interest thereon, there
shall be deposited in the interest and.
sinking fund for the bonds authorized
by this Section sufficient moneys to
pay the interest and principal to be-
come due during the ensuing year and
sufficient to establish and maintain a
reserve in said fund equal to the
average annual principal and interest
requirements on all outstanding bonds
issued under this Section. If any year
prior to December 31, 1982 moneys are
received in excess of the foregoing
requirements then such excess shall
be deposited to the Texas Water De-
Revenue F
3 issued hereunder shall af-
velopment Fund, and may be used for"
administrative expenses of the Board'
and for the same purposes and upon--
the same terms and conditions? ure--
scribed for the proceeds derived frovr.'
the sale of such State bonds. No grant
of financial assistance shall be made
under the provisions of this Section
after December 31. 1982, and all moneys-
thereafter received as repayment a£
principal for financial assistance er-
as interest thereon shall be deposited?
in the interest and sinking fund foT
the State bonds; except that such1
mount as may be required to. meel
the administrative, expenses* erf? tfie:
Board may be annually set’asidec and1
provided, that after all State4- bonds-
have been fully paid with interest- sr.-
after there are on deposit in this bit-
terest and sinking fund sufficient mon-
eys to pay all'- future maturities «t
principal and interest, additional mum-
eys so received shall be deposited to
the General Revenue Fund.
"All bonds
ter approval by the Attorney General,
registration by the Comptroller of Pub-
lic Accounts of the State of Texasy
and delivery to the purchasers, be
incontestable and^ shall constitute gen-
eral obligations of the State- of Texas,
under the Constitution of Texas.
“Should the Legislature enact enab-
ling laws in anticipation of the adop-
tion of this amendment, such acts shall
not be void by reason of their antici-
patory nature.”
Sec. 2. The foregoing amendment to
the Constitution shall be submitted to
a vote of the qualified electors of this
State at an election.to be held an- th^-
5th day of November, 1957, same beine-
the 1st Tuesday after the 1st Monday
in said November, 1957, at which elec-
tion each ballot shall have printed-
thereon, the following words:-
“FOR the amendment to the- Const?-
tution of .Texas adding a new section-
to be known as Section 49-c of Article-
111, authorizing the issuance- and sale
of Two Hundred Million Dollars ■;-$200>-
000.000) in bonds by the State of
Texas to create the Texas Water De-
velopment Fund to provide financial'
assistance to certain political subdi-
visions or bodies politic and corporate
of the State of Texas in the conserva-
tion and development of the water
resources of the State.”
"AGAINST the amendment to the-
Constitution of Texas adding a new
section to be known as Section 49-c of
Article III, authorizing the issuance
and sale of Two Hundred Million?
Dollars ($200,000,000) in bonds by the
State of Texas to create the Texas
Water Development Fund to provide
financial assistance to certain- political
subdivisions or bodies politic and cor-
porate of the State of Texas in the-
conservation and development of the-
water resources of the State.”
Sec. 3. The Governor of the State-
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.
The expense of publication and election
for such amendment shall be paid out
of the proper, appropriation made by.-,
law.
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Tooley, Kenneth. The Paducah Post (Paducah, Tex.), Vol. 50, No. 21, Ed. 1 Thursday, August 22, 1957, newspaper, August 22, 1957; Paducah, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1021771/m1/5/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Bicentennial City County Library.