The Aspermont Star (Aspermont, Tex.), Vol. 59, No. 49, Ed. 1 Thursday, August 16, 1956 Page: 3 of 6
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(a*
just 16, 1956
nded, as a special
covery; said plain-
iding and relying
fnty-five year Sta-
tation as provided,
19 of the Reviseut
of Texas, 1025,
a special ground of
said plaintiff also
relying upon thr
ear Statute of Lin.
rovided by Articl
Revised Civil Sta
s. 1925, as amend-
cial ground of re-
the 14th day of
r my hand and
jourt; at office in
exas, this the 14th
t, A.D., 1956.
tis m. pittcock,
■ict Court, Stone-
Texas. 8-16 4c
ga rotar1
— !►
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■Rlffl
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Thursday, August 16, 1956
I V eterans
w\
The Aspermont Star, Aspormont, Texas
News
'questions and answers
Q.—1 am a veteran with a td-
jMfTal and permanent nonservice-
connected disability. I waited
several months fecfore applying
for disability pension payments.
Is it possible for the payments
incurred my disability?
A.—Under VA's regulations,
the effective date that payments
may begin is the date VA re-
ceived the claim or the date the
disability arose—whichever is
later. In your case, the date of
VA's receipt of the claim would
be later.
Q —Premiums on my World
War II GI term insurance policy
are under waiver because I've
•been totally disabled for more
than six months. May I convert
my term policy to a permanent
to be back-dated to the date 1 plan, even though I am totally
Proposed Constitutional Amendment to Be Voted on at an
Election to Be Held on November 6, 1956
Page Three
M
o
3
O
e's Stamford
HOUSE JOINT RESOLUTION NO. J3
propMinc an amindmtnl to Section u uf
Article VIII of the Conntltutlon of Text!
•o m to provide that the Commluionen
Court ill etch county may levy whatever
turn. may be neceianry for ventral fund
purfioaea, permanent improvement fund
Jiurpoaea, road and brlilite purpoaea and
ury 'purpoeo* ao lone a tlie total of theee
tax ratea iloea r.ot exceed Eighty Ccnta
(HOC) on the One Hundred Doliara ($100)
valuation in any one (1) year, and pro-
vidlnc further (hat the Commiaaionera
Court ihall not impair any outalanding
lionda or other obligations; providing for
the neceeaary election and form of bal-
lot; and providing for the neceeaary proc-
lamation and publlcatlona.
BE IT RESOLVED BY THE LEGISLA-
TURE OK THE STATE OK TEXAS i
Section 1. That Section V, Article VIH
of the Conititution of the State of Texaa
be amended ao at to hereafter read as fol-
lows :
"Section . The State tax on property,
•xclualve of the tax neceeaary to pay the
public debt, and of the taxee provided for
the benefit of the public free echoola, ahall
never exceed Thirty-five Cenla (3(c) on
the One Hundred Doliara (1100) valua-
tion. and no county, city or town ahall
levy a tax rate in exceea of Eighty Centa
180c) on the One Hundred Doliara (11001
valuation in any one (1) year for general
fund, permanent improvement fund, road
and bridge fund and jury fund purpoaea.
provided further that at tho time the
Commiaaionera Court meeta to levy the an-
nual tax rat* for each county it shall levy
whatever tax rat* may be needed for the
four (4) constitutional purpoaea: namely,
general fund, permanent improvement
fund, road and bridge fund and jury fund
eo long aa the Court does not impair any
outstanding bonds or other obligations and
ao long aa th* total of the foregoing tax
levies does not exceed Eighty Cents (MOc)
on the On* Hundred Doliara (S100) valua-
tion in any one (1) year. Once the Court
has levied the annual, tax rate, the same
shall remain in force and effect during
that taxable year; and the Legislature
may also authorise an additional annual
ad valorem tax to be levied and collected
for the further maintenance of the public
roads: provided, that a majority of the
qualified property tax paying voters of the
county Voting at an election to be held
for that purpose shall vote uuch tax, not
to exceed Fifteen Centa 115c) on the On I'
Hundred Doliara (SI00) valuation of the
property subject to taxation in such
county. And the Legislature may puss
local laws for the maintenance of the
lic roads and highways, without the local
notice required for special or local ln
This Section ahall not be construed u> a
limitation of powers delegated to counties,
cities or towns by any other Section or
Sections of this Constitution."
8ec. 1. The foregoing Constitutional
Amendment shall J* submitted to a vote
of the qualified OMetors of thia State at
an election to be hald on the first Tuesday
after the first Monday In November, 11)56,
at which election all ballots shall have
printed thereon the following.
"FOR the Constitutional Amendment
authorising tb* Commissioners Court in
each county to levy whatever sums may
be necessary for general fund, permsnent
improvement fund, road and bridge fund
and jury fund purposes so long as the
total of these funds does not exceed a
maximum tax rate of Eiiihty Cents (80ci
on the One Hundred Dollars ($100) valu-
ation in any one (I) year and ao long aa
the Court does not impair any outatanillni:
bonds or other obligations
"AGAINST the Constitutional Amend-
ment authorising the Commissioners Court
in each county to levy whatever sums may
be necessary for general fund, permanent
Improvement fund, road and bridge fund
nnd jury fund purposes so long as the
total of these. funds docs not exceed a
maximum tax rate of Eiwhty Cents (800
on the One Hundred Dollars C$100) valu*
• tion in any one (1) year and ao long aa
the Court doea not impair any outstanding-
bonds or other obligations."
8ec. 1. The Governor of Texas shall
issue the necessary proclamation for the
election and thia Amendment ahall be pub-
lished in the manner and for the length
of time as required by the Constitution
and laws of this State.
Proposed Constitutional Amendment to Be Voted on at an
Election to Be Held on November 6, 1956
|
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mum
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;a8o-
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the
i
SENATE JOINT RESOLUTION NO. S
ropoaing an amendment to ths Constitu-
tion of ths State of Texas, amending Sec-
tion 48a, Articl* III of the Constitution of
the State of Texaa, ao a a to authorize
needed chsnge? in and revision of the
T«acher Retirement System of Texas; pro-
vjdlng that this section shall not amend,
alter, or repeal Section 65 of Article lt of
the Constitution of Texaa as adopted No-
vember, 1V54, or any enabling legislation
paused pursuant thereto; providing for the
necenssry election, /orm of ballot, procla-
mation, and publication.
BK IT RESOLVED BY THE LEGISLA-
TURE OF THE STATE OF TEXAS:
Section I. That Section 48a of Article
III of the Constitution of the State of
IVxaa be amended ao as to read aa follows:
"Section 48a. In addition to the powera
given the Legislature under Section 48,
Article 111, It ahall have the right to levy
to establish a fund to provide re-
tirement, disability an<L death benefits f®r
persona employed in the putyflc school#
colleges and universities supported wholly
or partly by the State; provided that the
amount contributed by the State to such
■ fund oach year ahall be equal to the aggre-
L Kite amount required by law to be paid
Into the fund by auch employees, and ahall
not exceed at any time six per centum
(6%) of the compensation paid each auch
person by the State and/or school districts,
and shall in no one (1) year exceed the
sum of Five Hundred Four Doliara
(1504.00) for any such parson; and pro*
vided that no person ahall be eligible for
retirement who haa not rendered ten years
of creditable service in such employment,
and in no case ahall any peraon retire
before either attaining the age fifty-
five (65) or completing thirty (SO) yeara
of creditable service, but shall be entitled
to refund of moneya paid Into the fund.
"The Legislature may authorise all
moneys coming Into auch fund to be in-
vested in bonds or other evidences of in-
debtedness of the United States, or of this
State, or any county, city* school district,
or other municipal corporation or district
of thia State: or in auch other securities
as are now or hereafter may be permitted
by law as investments for the Permanent
University Fund or for the Permanent
School Fund of this State; provided a
sufficient sum shall be kept on hand to
a meet payments as they become due each
year under such retirement plan, as may
be provided by law; and provided that the
recipients of auch retirement fund ahall
not be eligible for any other State pension
retirement funds or direct aid from the
State of Texas, unless such other State
pension or retirement fundt contributed by
the State, is released to the State of Texas
ss a condition to receiving such other pet,
slop aid; providing, however, that thin sec*
tion shall not amend, alter, or repeal Sec.
tion 63 of Article 16 of the Constitution of
Texas aa adop d November, 1054, or aviv
enabling legislation passed pursuant there-
to."
Sec. 2. The foregoing conititutijua!
amendment ahall be aubmitted to a vol*
of the qualified electors of thi.1 State at an
election to be held on the first Y tie* day
after the first Monday In November, 1050.
at which election each ballot shall have
printed thereon the following wordti:
"FOR the constitutional amendment em-
powering the Legislature to revise the
existing Teacher Retirement System and to
broaden the benefita to employee* of Tlublic
achools. colleges, and universities supported
wholly or partly by the State, authorising
that the State'a contributiona for auch pur*
posea ahall equal contributions by such em*
ployees and providing that they do not e\*
ceedjllx per «catum (67<). of the competi-
satidn paid *«fc8rrafcch ompfeyc* by the *
State or achool district or tho sum of Five
Hundred Four Dollars ($504.00) for each
•year for anjLauch employee, regulating the
eligibility of*auch employees for retirement
benefits and prescribing the manner of in-
vesting money accruing to the retirement
fund."
"AGAINST the constitutional amend-
ment empowering the Legialature to re-
vise the existing Teacher Retirement Sys-
tem and to broaden the benefita to em-
ployees of public achoola, colleges, and uni*
veraities supported wholly or partly by the
State, aut^oriting that the State'a contri-
butions for auch purposes ahall equal con-
tributiona by auch employees and providing
that they do not exceed alx per centum
(6%) of the compensation paid each such
employee by the State or achool district
or the sum of Five Hundred Four Doliara
($504.00) for each year for any such em*
ployee, regulating the eligibility of such
employees for retirement benefita and pre-
scribing the manner of Investing money
accruing to the retirement fund."
Each voter shall mark out one of said
clauses on the ballot leaving the one ex-
pressing his vote on the proposed amend-
ment. If it appears from the returns of
said election 4hat a majority of the votes
cast were In favor of said amendment, the
same shall become a part of the State Con-
stitution and be effective from the dut*
of determination of such result nnd the
Governor's proclamation'hereof.
Sec, 3. The Governor of the State of
Texas Is hereby directed to Issue the nec-
essary proclamation for said special elec-
tion and shall have the same published aa
required by the Constitution and laws of
this State.
disabled?
A.—You may convert your
term policy to any permanent
plan other than an endowment.
Also, you will not be required
to take a physical examination.
Q.—I want to take a course
under the Korean GI Bill that's
commonly considered recreational
in nature. In my case, 1 need
it in connection with the busi-
ness I plan to enter. Will I be
allowed to take it?
A.—Yes—it If you submit jus-
tification to VA that the course
will b.e of bona fide use in your
present or contemplated busi-
ness or occupation, and VA ap-
proves the case in advance. The
only courses absolutely pro- may not be willing to lend
Proposed Constitutional Amend-
ment to Be Voted on at an Elec-
tion to Be Held on November 6,
1956.
1.1'} I r. JOINT KjOMITIOJI NO. 9
Tip .ng nn Amendment to Section 21 of
vr iclo J of the Constitution of the
f Tc\al l y adding a new subsection to be
r..tid ns Section I la, relating In denial
bull to a p.Triott charged with a felony
leu thru capital who has been theretofore
vi.?i convicted of a felony; providing for
the submission of the proposal Amendment
• a vote of the people and for proclama*
'ion and publication thereof.
:i:: it kesolvkd iiy the legisla-
tive OF tiie state OF texas:
Seetion 1. That Section 11 of Article i
' f the Constitution of the State of Texas
U amended by addim* a Mibsectlon there*
to to be hnown a.< Section 11a and to read
a-* follows:
"Section 11a. Any person aecused of s
felony less than capital in thi.i State, whi
! is been theretofore twice convicted of a
felony, the second conviction being subae*
•pient tj the first, both in point of time
of commission of the offense and convic-
tion therefor may, after a hearing, and
upon evidence substantially showing th -
k-lilt of the accused, be denied bail pending
trial, by any judge of a court of record or
mayijtrute In this State: provided, how-
• ver, that if the aceuaed is not accorded a
trial upon the accusation within sixty (60)
day* from the time of his inearceratlon
upon such charge, the order denying bail
hall be automatically set aside, unless a
continuance Is obtained upon the motion
or request of the accused; provided, f ir-
thcr. that the right of appeal to the Court
• t Criminal Appeals of this State is ex-
pressly accorded the accused flar a review
of any judgment or order made hereunder."
Sec. 2. The foregoing Constitutional
Amendment ahall 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, 1056,
nt which election all ballots shall hsve
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 perion who haa been convicted of two
12) previous felonies."
"AGAINST the amendment to the Con-
stitution of the State of Texas providing
that a court, judge or magistrate may deny
ball to a person who has been convicted of
two (2) previous felonies."
Sec. 3. Tho Governor of Texss shsll iaaue
the necessary proclamation for said election
nnd have the name published as required by
the Constitution and laws of this State.
Proposed Constitutional Amend-
ment to Be Voted on at an Elec-
tion to Be Held on November 6,
1956.
IIOi SK JOINT KKNOUITION NO. II
propming an amendment to Article III of
• he f'oriHtitulion °f th* State of Texas by
addin>: thereto n new Station to be known
hs Section f l*c. providing that the Legit*
hture may grant aid and compensation ' «>
persons who have been fined or in pri«-
$ oneiPiinden-The lawn nf. thia** State if or of-
fense* of which they are not guilty.
HE IT KKSOLVEI) BY THE LEGISLA-
TURE OF THE STATE OF TEXAS
Seetion I. That Article til of the fori*
ttitufiop of the State of Texas be nnw'ed
by adding ♦ hereto another Section, ♦ be
designated nn Section 51*c, which shall
• end na follows ?
"Section 5l-c. The Legislator** mi/
grant aid and compensation ♦.•> any person
•vhi has heretofore paid a fine or served
«• sentence in prison, or who may hereafter
pay a fine or serve a sentence in prlton.
under the lawn of this State for an of*
fenne for which he or she Is not guilty,
under such regulations and limitations ss
•he Legislature may deem expedient "
Sec. 2 The foregoing constitutional
amendment shall be submitted to a vote of
'be qualified electors of this State at an
-•lection to be held on the flrat Tuesday
tffer the first Monday in November, 10.16,
it which election all of the ballots shall
wve printed hereon the following:
"FOR the Constitutional Amendment
granting power to the Legislature to grant
•ild and compensation to persons who have
• mM fines or hive served prison sentencei
inder he laws <«f this State for offeni«M
>f which they were not guilty" and
"\(iAI\'ST the rnn«t|tn {nnn1 Amend*
• serif {•••anting power to th. Legislature
<► grant aid and compennatlon to persons
ybo hn ■•• paid fines or have served pri m
••ntet'O'H under the lawn of this State for
•ff/ n«eu of which they were not guilty."
Ser. t. The Governor dtrtll issue the
o*eo.,atv proclamation for said election
nd have the same published as required
iv the Constitution and laws^of this State
Proposed Constitutional Amendment to Be Voted on at an Election to Be Held on
November 6, 1956
SENATE JOINT RESOLUTION NO. :
proponlnf an ■mtniim.nl lo Section 4 -h,
Articl. Ill nf thi> Constitution of Texaa, no
aa to chanife the membership of the Vet-
aram' La nil Hoard; so that the total
amount of bonds or obligations that may
be Issued by the Veterans' l.and Hoard
ahall be increased to Two Hundred Million
Dollars (t200.0il0.000); providing for the
Issuance of said bonds or obligations nnd
the condition, relating therein and thr
use of the Veterans' Land Fund; prut id*
inff for an election and the issuance of
a proclamation therefor.
BB IT RESOI.VKO BY THE I.KCISLA-
TUKE OF THE STATE OK TEXAS:
Swllon I. That Section 4U-b. Article 111
of .tht Conatitutlon of T.su, be amended
ao that the same will hereafter read as
follows:
-SmIImi 49'b. There Is hereby created a
Board to b. known as the Veterans' Land
Board, which shall be composed of the
Commissioner of tht Central Land Office,
and two eltisens of tht State who ahall be
appointed by the Governor with the ad*
viee and consent .of the Senate. The Gov.
ernor ahall biennially appoint one such
meoriwr to serv. for a term of four years,
with the Initial appointments to the Board
under thia aectlon to be for terms of two
•nd four yeara. respectively, and all subae*
quest appointments to be according to pro-
visions of this section. One such appointive
mswbsr ahall be well v.rsed in veterans'
affairs and the other such appointive mem-
ber (hall be well versed in finaneea. The
Coasmlsslontr of tht General Land Office
ahall aet as Chairman of the Hoard and
ahall be tht administrator of the Veterans'
Land Program under such terms and r .
atrletiona as may be no* or hereafter pro-
vided by law The eumponsaOon for said
appointive members .hall be as flaed by
the Legialature, and each shall make bond
In such amount aa may be pnwerlbed by
tlw Legislature. The Veterans Land
Board mar Issue not to eseeed Two Hun.
dred Million Dollars <>*00,000.000. in
tends or obligations of the Stat# of Tevns
for the purpose of creating a fond t" ie
known aa the Veterans' Land fund. M.-h
bonds shall be eseruted by said Board ns
Ml obligation, of tho SUM of Teaaa, In
•ueh form, /"denominations, and upon
terms aa art now provided b* law or ss
■nor tfNaflor. be provided by law ■ rr-
•IdeA however, that said bonds shali-Wsr
f rate of IMertel not to esceed three per
eeot H ) per antrum, and that the same
ahall bo aaid foe not Itas than par \ ,u*
•Ml seemed Inlereot.
"la the sale of anr such bonds, • prefer-
.aW eight of purchase shall be Mvan to
Ike administrators of the various Teacher
Retirement Fonda, the Permanent Univer
ally funds, and the Permanent Hehonl
Funda; auch bonds to be Issued at needed.
In tho opinion of the Veterans' Land
Board.
"The Veterans' l.and Fund shall be use4
tar the Board for the sole purpose of r r.
abasing landa ••■'table for the purtwe
hereinafter dated, sltusted In this Ktate.
fa) owned by the United State*, or any
governmental agency thereof, lb) owned
if the Teaaa Prieon System, or any other
suiseanaaaital a goaty af the Mate of Teaaa
or (e| a wood by iay psrooa, firm, or aor-
%owM^o«avw——.—■—
Iioration. Provided, however, the portion of
the Veterans' Laml Fund nut immediately
committed fur the purchase of lands may
be invested ill short term United States
bonds or obliitntions until such funds art
needed for the purchase of land*. The In-
terest accruing thereon shall becume a
part of thr Veterans' l.and Fund
"All lands thus purchased shall be ac-
quired at the lowest price obtainable, tu
In* paid for in ra«h, and shall be a part of
the Veterans' Land Fund.
"The lands of the Veterans' Land Fund
shall be cold by the Stale to Texas vet-
erans of the present war or wars, com*
monly known as World War II. and to
Teaaa veterans of service in the armed
forces of the United States of America
subsequent to 1945. as may be included
within this program by legislative Act, In
such quantities, and on auch terms, and
at such prices and rate* of interest, and
under such rules and regulation* as are
now provided by law, or as may here*
after be provided by law.
"All monies received and which have
been received under the Constitutional
Amendment aa adopted by th* people of
Texas at the election held on November It.
1981. and which have not been uaed for
repurchase of land as provided herein by
the Veterans' Land Hoard from the sale of
lands and for int.reat on deferred pay*
ments, shall be credited to the Veterans'
Land Fund for use in purchasing addition*
al lands to be sold to Teaas veterans *f
World War II, and to Tesaa veterans of
service In the armed forces of tbe United
Statta of Amtrlca subsequent to IMS. aa
may ba Included within thia program by
legldatlvoaAct, In llkt manntr aa pro-
vided for the tale of lands purchased with
the proceeds from the sales of the bonds,
provided far herein, for a period ending
December 1. l Sa. provided, however, that
so much nf surh monies as may he neces-
sary during the period ending December
1, ItM, to pay the principal of and Inter-
est nn the bonds heretofore Issued and on
bonds hereafter Issued by the Veterans'
Land Hoard, shall be set aside for that
purpose. After December I, MM. all
monies received by the Veterans' Land
Hoard from the sal* of the lands and Inter,
eat on deferred payments, or so mueh there-
of u may be necessary, shall be act aside
for the retirement of bor.de heretofore
Issued and to pay Interest tharcM, and
any of such monies not ao needed ahall not
later than the maturity data af the last
maturing bond or bonds be depoelted to
the credit of the fieneral Revenue Fund
to be appropriated to such names aa aa
may be prescribed be law All bonds Issued
hereunder shall, after approval by th* At-
torney .General of T.aas, registration by
the Comptroller of thr Mate of Teaas. snd
delivery to th-. nurrhaaer*. be Incontestable
and shall constitute .ihlire'lona af the State
under th* Constitution of Tevss Of the
total Two Hundred Million Dollars IttOO,-
Of0.000) ef bond* herein authorised, the
sum nf One Hundred Million IVillafti
iliooooa.oooi has heretofore been latuad,
*ald bond* heretofore laaued are heeebv
In *11 res pert* validated and declared to be
oblliratkHis of the Rut* of Tesaa
"The additional tmnds herein authorised
may be aold In swek Installments aa dismsd
mrmsary and advisable be the Vet arena'
Land Hoard All monie, received from the
aale of land and fur interest on deferred
payments un Isnd purrhaxed with the
proceed* of such additional bonds, shall be
credited to the Veterans' Land Fund for
use in purrhssini; additionsl lands to In*
sold to Texas veteranx, ax herein provided.
In like mariner sx provided for the aale of
Inndx purchased with the prnreoila from th*
sale* of the bonds provided for herein, for
a period ending l)eceml>er 1, 106ft; pro-
vided, however, that o much of such
monies as may be necessary to pay inter*,
est on the additional bonds herein pro-
vided for sUhll be set aside for that pur-
liosr After December 1. I'J fir., all monies
received by the Veterans' Land Hoard from
the sale of the landa and Interest on pay-
ments, er to much thereof aa may be nec-
essary, .hall be aet aaide for the retire-
ment of aaid additional bonda and to pay
interest thereon, and any of auch monies
not so needed shall not later than the
maturity date of th* laat maturing bond
be depoalted to the credit of the Cleneral
Revenue Fund to b* appropriated to auch
purpoeet as may be prescribed by law.
"Thia am*ndm*nt ahall b* effective on
and after January I. 1MT."
Sec. t. Th* foregoing Constitutional
Amendment aball be submitted la a vote
of the qualified rleetora of thia Stat* at
th* general election to b* hold throughout
th* Stat* of Texas on the flrat Tueeday
aft*r th* flrat Monday In November. MM,
which election all ballots ahall, h*vt
printed th*r*on th* followlnt:
"FOR th* Amendment to Section 41-b
of Article III of the Constitution of Texas
to chant* th* arwrnbcraklp of tho Veterans'
I .and Boards Increasing the Veterans'
Land Fund by 1100,000,000; aaid fund to
be used for the purpose of purchasing land
In Teaaa to be eald to Teaaa veterans of
World War II and to Teaaa vetetant of
service In the Armed Feroee of tho United
fltatet of America auheequent to M4I. Such
funds shall b* expended In accordance with
Instructions and requirements that may b*
provided by law"; and
"AGAINST tb* Amendment to Section
49-b ef Art It I* III of th* Constitatlon of
Tesaa lo change tbe membership of the
Veteran*' Land Board: Increasing the Vet-
erans' Land Fand by 1100.000.000 aaid
fund ta be used for the paranoe of purrhaa.
Ing land In Teaas lo be told to Tesas vet.
erana af World War II and to Teaaa vet.
erana af trevleetln th* Armed Fares* nf
th* Unlt*d State* of America aukoequent to
IMlt Such 'funds shall be expended ln>
accordance with Instruction! and requlflr-
ments that may be provided by law."
If M appear* from the roturna af aaid
election thot a majority of. th* vote* east
were In favor of said ainindmiat. the came
ahall bonom* a part of th* Rteto CamtKtt.
tion and be effective from the date set
forth In aaid amendment, and the Governor
shall Issue a proclsmstlen 4a kmplng there-
with
Sec. t. Should the l«gl«l*turo pas* leg-
islation with regard to this amendment
prior u> Its adoption. It shall not be In
valid because af Its antirlpstory nature
S*r. 4. The Governor of th* State nf
Tesas ahall lee DC th* nttsatary proclama.
Hon for said elect ten. and ahall have the
tame publMwd aa required by th* Const!
latfcm and Law* of this State
hibited by law are in bartend
ing, dancing, or personality de-
velopment.
Q.—My son Is eligible for
schooling under the new educa-
tional program for children of
deceased war veterans. His
college begins early in Septem-
ber. Will he be able to receive
his payments from his first day
in school?
A.—The law specifies that
monthly payments may not be-
gin before October 1, 1956.
Q.—What is considered full-
time on-the-job training under
the Korean OI~Bi!l?
A.—Full-time training means
the standard work-week of the
firm where the veteran is train-
ing, but not less than 36 hours
a week. Training of less than
36 hours a week may be author-
ized if the firm's standard work-
week, arrived at through col-
lective bargaining, is less than
36 hours.
Q.—My application for dis-
ability compensation has been
turned down. I plan to appeal.
Do I file my appeal directly
with VA's Board of Veterans
Appeals in Washington. D.C.?
A—No. The appeal should be
filed with the VA regional of-
Sce having your records. The
appeals procedure starts there.
Q.—Is it possible for a vet-
eran living in one State to get a
GI loan to buy property in an-
other State?
A.—It is possible. However,
vou will find that generally
lenders confine their lending op-
erations to certain areas, and
Proposed Constitutional Amend-
ment to Be Voted on at an Elec-
tion to Be Held on November 6,
1956-
IIOUSE JOINT RESOLUTION' SO. 41
propoainc an amendment to Article XVI.
Sectiun 1, of tht? Conatitutiun of the Slat*
of Textm. rhrtnjrintf the form of th- Oath
Office* to include appointive ufficeri of
the State*.
BK IT KKSOLVED BY THE LKGISI.X-
TURFe OF THE STATE OK TEXAS
Section 1: That Section ! of \r?. !c
XVI of the ConHtihition of th- State of
Texan lie amended to hereafter r«*tl
follow*:
"Section 1. Member* of the LoirUlatur*.
nnd all other fleeted officers, beforn h */
*nter upon the dutieti of their office*, thai!
take the following Oath or Affirmation:
"I. , do solemnly
"•wear (or affirm), that 1 wi!| faithfully
execute the ilutiei of the office of
of the State of Texaa. an i
will to the beat of my ability j re*prv«a,
protect, and defend the Constitution in l
law* of the United Static and of tin,
State; and I furthermore solemnly iweer
'or affirm), that t have not directly nor
indirectly paid, offered, or promned fj
pay, contributed, nor promised to contrib*
ute any mon4*y, or valuable thini;. or prom-
toed any public office or employment, m '
reward for the giving or withholding r%
cote at th * «l4H*tion at which 1 wat el**ct-
ed So help me God."
The Secretary of State, nnd all o'W
appointed officers, before they enter upon
the trotiex of their offl&i^Nnall take th*
following Oath or Affirmation :
"I. . do solemnly
swear (or affirm), that I will faithfully
execute the dutlea of the office of
of the State of Texat,
and will to the beat of my ability prenerve.
protect, and defend the Conititution and
l.iw* nt the United State* nnd of th *
State; and I furthermore solemnly *w*ar
tor affirmi. that I have not directly nor
indirectly paid, offered, or promised 'o
pay, contributed, nor promised to contrib-
ute any money, or valuable thing, or prom.
i ed any public office or employment, a* a
reward to secure my appointment or 'he
confirmation thereof. So help me flod "
See. 2. The foregoing Constitutional
Amendment shall be submitted to a vote
of the qualified electors of this State
an election to be held on the fir*t Toim.
day after the first Monday in November.
15V, at which election all ballot* nhiil
havi* printed thereon the following.
•TOK the Constitutional Amendment
prowling the form of the Oath* of Dffte*
for elective and appointive officer* ot rhe„
State." *
"AGAINST the Constitutional Amen>1*
mrnt providing the form of th4 On'h> i?
Office for elective and appointive off n
of the State."
Sec. 3. The Governor of Texa ■ v«!l
isvtie the necessary proclamation for •
4 lection and this Amendment *h; !l «.•
lished as required by the Cor titv • nil
laws of thia State.
Proposed Constitutional Amend
ment to Be Voted on at an Elec
tion to Be Held on November t>.
1956.
HOl/SK JOINT RESOLUTION NO 11
proposing en amendment lo Artlrle I of th.-
eonslltutlon of the State of Texts by sit.lin^
iheretu Another section, to he t1e*iicrinl*-<l n
Section !!>•«. requiring medical or iMy.-hut-
rlc testimony for commitment of perfiri\
of onsouni! mind, and authoritlnic the l.<n
i-tluture to provide for trial and commit-
ment of such persona and for waiver .if
trial by jury where the iierson uml.-r in-
quiry has not been churned w.tli c.mmi.
-ion of it criminal offense.
IIP IT RESOI.VKO BY THE I.EtilMI.A-
TUKK OP THE STATE OF TVY.AS:
Section I. Thst Article I of the Corn.lt-
tiition of the State of Tesaa be and the
inme is hereby amended by eddinil another
.ection thereto following Section Ifi. to tw
desinnsted Section 15-a. to read as follow t
"Seetion IS-a. No iierson shall be com-
mitted as a person of unsound mind etceix
on competent medical or psychiatric testi-
mony The Legislature tpay enact all lawi
necessary to provide for the trial, adjudica-
tion of inaanlty and commitment of t'"'
nons of unsound mind and to provide for i
method of appeal from judgments rendered
in such cases. Such Isws majr*provide for .1
waiver of trial by jury. In ease* where the
Iierson under Inquiry has Hot been rhargeit
with tho commission of a criminal offense,
by tb* concurrence of tb* person under
inquiry, or his nest of kin, and an attorney
afl litem ap|>olnted by a lodge of either
the County or Probate .Court of the count r
where the trial la being hold, and ahall
provide for a method of service of notice
of auch trial upon the peraon under in-
quiry and of his right to demand a trial by
Jury."
Sac. t. Tb* foregoing Constitutional
Amendment shall ba aubmitted in a vote of
the qualified electors of thia State at an
election ta be bald throughout the State on
the flrat Tuesday after the flrat Monday in
November, 1044. at which alert Ion all bal-
lots shall bam printed thereon s
"FOR tbe CenatltatMM}-Amendment re-
quiring medical testimony for commitment
nf persons of unsound mind, and author-
ising the Legislature to provide for trial
and commitment of such poisons and for
waiver of tbe right of trial by jury by
a peraon alleged to be of unsound mind
or bit neat of kin. snd his attorney ad
litem.
"AOAINRT the CenatKaltaMl Amend-
igsnt requiring medical teallmony for com
mitment of peraona of unennnd mind, and
authorising the l^gtalaturn to provide for
trial and commitment of such persons and
for waiver a* the right af trial by Jury
by a peraon alleged lo he nf unaoand mind
or hia neat of kin, and bin attorney ad
litem."
Baafc voter ahall arruteh ant ana of aaid
rlaoaea an tbe ballet. Iiaiiw the ana an-
pressing bla vote aa the aiatasiil amend-
ment. In count lea or etber eubdlvtstons
using voting machines the above provision
for voting for and against title Constitu-
tional Amendment shall ba placed on snld
marhinea In ettcb manner that each voter
shsll vote an the machine far er against
lli< Constitutions! Amendment.
Rat. I. The Governor of the State af
Tesas aball ban* the neceeaary prorlsmn-
tioa far said slastlea and have the earn*
and law* at tb4s Stela.
money for out-of-State property.
Q.—I recently started in col-
lege under the Korean GI Bill,
to study agronomy. I have come
to the conclusion that I would
be better off reeiving an AB de-
gree in liberal arts. Would
such a switch at this time be
considered my one - and - only
change of course?
A.—It would not be consider-
ed a change of course, if there
is no extension of time involved
over the timr originally re-
quired to complete vour pro-
gram.
Q.—I have been informed that
I will rieed a physical examina-
tion in order to reinstate my
lapsed GI insurance policy. My
brother is a doctor Could I
get my examination from him?
A.—No. A veteran's physical
examination may not be* given by
a doctor who is related to him.
associated with him in business,
or who has a financial interest
in his insurance.
Q.—I am a "peacetime vet-
eran," inasmuch as I entered
military service after January
31, 1955. Would I be eligible for
VA hospitalization?
A.—You would be eligible only
if you were discharged for a
disability incurred in line of
duty or if you are receiving VA
compensation for a service-con-
nected or service-aggravated dis-
ability.
Q.—Is it possible to train part-
time under Public Law 16. the
law that provides training for
disabled veterans?
A.—-You may train part-time
only if your disability prevents
you from training on a full-time
basis.
Q.—Can a veteran receive
GI training under the Korean
GI Bill while he is in uniform?
A.—Under the law, he may
not receive Korean GI Bill
training while in uniform, even
though he might meet all the
qualifications as to discharge
and length and time of service.
Q.—Does the Public Law 16
training program for disabled
World War II veterans end
all veterans on July 28,
Or are, there exceptions?
A.—There £re certains a-
ceptions. Veterans will be at
lowed up to an additional fcntr
years to complete their train-
ing, if they we re unable to atut
in time because of. their disa-
bility; if they were late ta es-
tablishing service-connection, or
if they were late in obtain^
a corrected discharge that wottld
make them eliigible.
Capt. Matthew Webb was
first person tb swim the
lish Channel from Dover to Cfr
lais in August, .1875.
o
''St Jhe classifieds.
Proposed Constitutional Amendment To Be Voted on
at an Election to be Held on November 13, 1956
Subscribe to
THE
ASPERMONT STAR
$2.50
IN
stonewai.i. and AD-
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$3.00
elsewhere in the
united states
IIOIISK JOINT KnsOI.IJTION K'U. 30
(troponin*; an amend mint ti Article J11 of
the ('o)mtilulion of the fcJtatc of Tcxu*, by
tdop'ini; a now St*c\if-n lo In- known an
Section 61-b, tfivinjc the i«*irMature the
power to provide, urefcr such limitations
• nd r«Miirietionu an may he dermcd by tho
I ' irislature ei|ie «ien\ tor a^iKtance to
needy individual who are citizens of the
United State*,, who *r « more than eighteen
tJH.i yearn of air* and le;i<< than xixty-five
iG&) years of «ir \ who are permanently
nnd totally dinabled by rea < n of a men-
tal or phyairal handicap and not feaaible
for vocational rehabilitation, who are reai-
dent* of the State of Texas, except that
the individualii who are receivinj; aid for
the permanently and totally diiiabled may
not, durinjr the name period of time, re-
ceive Old Age Asiiiitance, Aid to the
Needy Hlind. or Aid to Dependent Chil-
dren, or be resident in any completely
V*** supported institution : providing that
the Legislature ahall have the authority to
Acept 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 Doliara (f20| a
month out of State fundM and may never
exceed the amount paid to that individual
from Federal funds . providing that the
amount paid out of State funds for as-
sistance payments shall not exceed One
Million, Five Hundred Thousand Dollars
<11.600,600) per year, providing for the
necessary proclamation, publication and
election.
BR IT REROLVKD BY THE LEGISLA-
TURE OF THE STATE OF TEXAS:
"Section I. That Article III of tbe Con-
stitution of 4he State of Texss be amend*
ed by adding thereto a new Seetion to be
known as Section 61 -b which shall read as
follows :
Section 51-b. The l^egialature ahsll have
tbe power to provide by general lawa,
under auch limitations and restrictions as
may be deemed by the Legislature expe-
dient. for assistance to needy individual,
who are eltisens of the United States, who
•hall have passed their eighteenth (18th)
birthday but have not passed their sixty-
fifth (65th) birthday, who are totally and
permanently diiabled by reason of a men-
tal or physical handicap or a combination
of phvslcal and mental handicapa and not
feasible for vocational rehabilitation, and
who are residents of the State of Texaa,
who hsve resided in this State for at
least one (1) year continuously immedi-
ately preceding the application and arte -
have resided In ihe State far at-Aft i
additional five (ft# years during th« Ala* 1
' 9) years immediately preceding the ap*
plication for assistance; and providfag
further thn . no individual shall ra
assistance under this program for the
manently and totally disabled during
l-t-riod when he ia receiving old age aft"
distance, aiif to the needy blind, or aM
dependent children, nor while he la
ing permanently in any comptetely
supported institution; and provided
ther that not more than Twenty Dt
(f!i0) a month out of State funds may la
paid to any individual recipient; and pva-
vided further that the amount paid aot at
State funds to any individual aiay MMV
exceed Che amount paid to (hat IndivMM*
out of Federal funds; and provided fttrCfca*
that the amount paid out of State fMada
for asitiHtance pay men ta ahall not esaaaA
One Million, Five Hundred Thousand Dot*
lars (Sl.DOU.OOO.) per year.
"The Legialature ahall have the aatft*
rity U> accept from the Government of Aha
United Statca auch financial aid for iadl
v idua Is who are permanently and tutaBy
disabled as that Government may offer aat
Inconsistent with the restrictions
provided "
Sec. 2. The foregoing Constitutl
Amendment shall be submitted to the
tors of the State of Texas on the a
Tuesday in November. 1V56. at which
tion there shall be printed on the
the following clauie:
"FOR the Amendment giving the Log**
Jature the power to provide for asaiataaotf
not to exceed Twenty Dollars ($10)
month out of State funda for each aaodV
individual, eighteen (18) yeara of aa* at
older, who is a resident of tbe State a#
Texas and who is permanently and totalis
disabled by reason of bis mental or pbyaM
handicap."
"AGAINST the Amendment giving tha
legislature the power to provide for aa*
aiatance not to exceed Twenty Dollars (IN)
a month out of State funda for each naody
Individual, eighteen (18) years of at* aa
older, who Is a resident of the State at
Texaa and who ia permanently and totally
disabled by reaaon of hia mental or phystoa!
handicap."
Ser. S, PROCLAMATION. The
ernor of the State of Texaa shall iaaam
the neeesaary proclamation for an electia*
and have the same publiabed as requiraA
by the Constitution and Laws of tbe Stala
Proposed Constitutional Amendment to Br Voted on .it an Election to Be Held on
November 6. :1956
HOUSE JOINT RESOLUTION NO. 15
proposing an amendment to the Constitu-
tion of the State of Teaaa by amending
Article VII. Sections 17 and 18, providing
a method of payment for the count ruction
snd equipment of buildings and other per-
manent improvements at State institutions
of higher learning and repealing Chapter
:t:t0. Acts, Kegulsr Session, Fifty-third
l.«i(idature: snd proposing an amendment
to Article VII of the Constitution of the
State of Texaa by adding a new section
after Section 11 thereof to be designated
«s Section 11a, providing for the improved
support of The University of Texas and
the Agricultural atid Mechanical College
of Teaas from a source other thsn tax
revenue by providing for the broader In-
vestment of the Permanent University
Fund in corporate bonds and stocks under
certain condltiona and limitations; pro-
viding for an election and the issuance of
s proclamation therefor.
BK IT RESOLVED HV THE I.ET.ISLA-
TIIRE Ol TIIE STATE OF TEXAS:
Swtion I. That Swtlom 17 nd 1* of
,\ flirt* VII of th* Constitution of th*
Slate ut Texan b* m*nd«l k> •• lo h re-
after read an follows:
"Section 17, In lieu of the State ad
vslorem tax on property of Seven Cents
<7n on the One Hundred Dollar ($100
valuation heretofore i>ermitted to be levied
by Section 61 of Article 3, aa amended,
there is hereby levied, in addition to all
other tsxes permitted by the Constitution
of Texas, n State ad valorem ta* on prun-
ed . of Two Cents (2^1 on ihr One Hun-
dred Dollars (1100) valuation for the pur-
pose of creating a special fun<|^ for the
continuing payment of Confederate pen*
sions aa provided under Section 61, Article
;t. snd for the establishment nnd continued
msintensnce of the State Huildinst Fund
ss provided in Section 61b, Article fl, of
the Constitution.
"Also, there is hereby levied, in addition
to all other taxes permitted by the Con-
stitution of Texas, s State ad valorem ta*
• n property of Five Cents (5<) on the One
Hundred Dollars (1100) valuation for the
purpyae of creating a special fund for the
purpose of ncijuirlnii, constructing nnd
initially equipping buildings, or other per
manent improvements at the designated
institutions of higher learning nnd th*
governing l*>ard of each of such institu-
tions of hiithe>- learning is fully author-
i/.ed to pledge all or any part of said
funds allotted to such institution as here-
inafter provided, to secure bonda or notes
ivoted for the purpose of acipiirinu. con-
structing and Initially equipping auch
buildings or other permanent Improve-
ments at said respective Institution;.. Such
hoods or note* ..hall be issued iti sunh
:itn iunts as tnay lie determined hy the gov-
erning hoards of aaid res| ective institu-
tions, shall bear interest not to exceed
three per cent (.V.< l per annum and shall
mature aerially or otherwise not later thsn
September 1, 1VG8, and September 1. 1! 78,
respectively; provided, the power to is*ue
bonds or notes hereunder Is expressly lim-
ited to s period of twenty (20) yesrs from
the effective date of this amendment; and
provided further, that the Five Cent (&<)
tax hereby levied shsll expire finslly upon
payment of all bunds or notes hereby auth-
orised; provided, further, that the State
tax on property as heretofore permitted Ut
be levied by Section t of Article VIII. aa
amended, exclusive of the tax necessary to
pay the publle debt, and of the taxes pro-
voted for the benefit of the public free
schools, shall never exceed Thirty Cents
tSOt*) on the One Hundred Dollars (|100)
valuation. All bonda ahall bo examined and
approved by the Attorney General of the
State at Texas, and when so approved
ahall bo Insoatsatable; and all approved
bonds shall bo registered In the offioe of
the Comptroller of Public Accounts of the
Mute of Texaa. Said bonda ahall he aold
only through competitive bids and ahall
never be sold far less thsn their par value
and srented interest.
"Panda raised from said Five Cent. (6tf)
tat levy for the ten-year period beginning
Jsnaary 1. It68. shall be allocated by the
Comptroller of Public Accounts of tbe
State of Texas on June first of that yoar.
baaod on the average long ssaaion full-
time student equivalent enrollment (fif-
teen (IS) semester credit hours shall eon-
stltute one full-time student) lor the pre-
ceding five-year period of time, to the fol-
lowing 8la|e Institutions af higher learn-
ing theei In existence, to wit:
Texas Rtate College for Women at Den-
ton ; Tesas College of Arte snd Industries
st VCIngsvltle; Texas Technologies 1 College
al Lubboek; la«t Texaa Slate Teachers
College at Commerce; Nrtrth Texss State
College at Deaton; gam Houston State
Teachers College st Hnntsvllle; Southwest
Texas fltate Teachers College at Ssn Msr-
eoa. Stephen P. Austin State College at
Nseogdochss: Sul Ross State College at
Alpine, West Texas fttste College st Can-
yna, Tesas Southern University st Hous-
ton • V.smor State College of Technology
at Beaumont.
"Net later than June first of the he-
ginnin#*rear of each sucoeeding ten-year
period, the Comptroller of Public Arcounts
of the'Htate of Tesaa. baaed on the auar-
ago kmg stesisn full-time student equie-
elent enrollment (fifteen (18) wmmfim
credit hours shall constitute one full-time
student I for the preceding five-year period
of time, shsll re-allocate, to the above-
deaignsted Institutions of higher learning
then In existence, all funds to he derived
from said Five Cent (6C) ad valorem tas
for said ten-ycar period, and oil such de*
ipnated institutions af higher lesrnlntr
which participate In the allocation or re-
allocation «ff iueh funda shall not then*
after receive any General Revenue funda
fir the ocqulrlng or constructing af tulM-
^ or other'permanent Improvements fvr
which ssid Five Cent (Sf) sd valerorn tax
ia herein provided, except in ease of fire,
flood, storm, or esrtbquake occurring at
any aurh institution, in which case an
appropriation in an amount sufficient to
replace the uninsured loss ao incurred may
be made by the legislature out of any
General Revenue funds The State Comp-
troller of Public Accounts shall draw all
necessary and proper warrants upon the
State Treasury In order to carry out the
purpose of this amendment: and the State
Treasurer shall pay warrants ao issued otff
of the special fund hereby crented for aaid
purpose. This amendment, shall lie self-
enacting; provided, however, it whall not
become operative or effective upon it*
adoption ho as to supersede or repeal the
former provisions of this Section, but shall
become ao operative anrl effective on Jan-
uary 1, 1068; provided, further, that noth-
ing herein shall be construed aa impairing
the obligation incurred by any outstanding
notes or !>onda heretofore issued by'any
State institution of higher learning under
this Section prior to the adoption * f this
amendment, but such notea or bonds shall
l e paid, both aa to principal and intercut,
from the fund as heretofore allocated to
any such institution under this Section,
nor shall the provision** of this amend-
ment affect, in any way the prior alloca-
tion of the revenue for the ten-year period
beginning January 1. J'MK. as heretofore
nuthorlted bv the provisions of Section 17
of Article VI1 of this Conatitutlon aa
adopted August tft. 1017. Chapter ?t,10,
Acts. Kegulsr Session, Fifty-third I.egis-
latureMs repealed upon the effective date
of thl". Amendment; but the principal and
■interest due on any obligations incurred
bv the governing Iniards of l.smar State
College of Technology at lleaumont and of
Texas Southern University t Houston un-
der the provisions of *nid Chapter 310
j prior to it"4 repeal shall paid front the
! allocations to Lamar Stf'c College of
J Technology and Texas Southern University
from ihe fundit raided bv the Five Cent
i ml valorem t:«\ levy a« provided in
' this Section, and the annual n lineal ions to
■ th "-c institutions under this Section shall
it be fir t devoted t< current requirement
. | for meeting such ohliirailotis in accordance
with their term*.
, ,, . . .. , . 18 of Article VII for the payment of prin-
Including the Agricultural and j r,|mJ jnU,ri.al llfl llomllI or r
al ' ollege of 'ev«h rit ( ollege thereunder, shall In- auhji
'•Section 1**. F'-r ?h^ p-'irpo .e of eon-
strut ling, equipping, or acnuiring building*
or other permanent improvements for the
Texas Agricultural and Mechanical College
System
Mechanlca
Station. Arlington State College al Ar
linglou. 1'rairie View Agricultural and
Merhfiniral College of Te\as at 1'rairie
Vie a . Tarlcton St*t<* College al Stephen-
vllle, Texas Agricultural Kxperiment Sta-
tlon* Tc ns Agricultural K« tension Serv-
ice, Texan Engineering Experiment Sta-
tion. st College Station. Texs«; Engineer-
ing Extension Service, at College Station,
and the Texaa Forest Service, the Hoard
of Directors of the Agricultural and Me-
chanical College of Te*as is hereby su?h-
orized to issue negotiable bonda or notes
not to exceed a total amount of one-third
t1 t) of twenty per cent' (20*$) of the
value of the Permanent University Fund
exclusive of real estate at the time of anv
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-
tural and Mechanical College Syatem. ex
r*pt at and for tnr use <pt the general
academic institutions of aaid System,
namely, the Agricultural and Mechanical
College of Te*a«. Arlington Stale College.
Tarleton State Ollege, and Prslrle View
A. and M. College, wlthoi*. the prior ap
proval of the Legialature or of auch agency
as may he authorised by the !<egialature
to grant auch approval; and for the pur-
pose of constructing, equipping, or acquir-
ing buildings or other permsnent Im
provementa for The University of Tessa
System, including the Main University of
Texss st Auatln, The University of TOsss
Medical Branch at Galveston. The Unl«
veraity of t>ses Southwestern ffadlosl
School at Dallas. Ifce University ef Teaas
Dental Branch at Houston, Texas Western
College of The Univeralty of Teaaa at K
Paso, The University ef Tesaa M D. An
deraon Hospital and Tumor Institute at
Houston, The University of Texss Post-
graduste School of Medicine, The Uni-
versity of Texaa School of Public Health
McDonald Observatory st Mount Locke,
snd the Marine Science Institute st Port
Arsnaas, the Board of Regents of The Ual-
veraity of Teaos is hereby suthorlaed to
Issue negotiable bonds snd notes not to
exceed s total amount of two-thirds (ft)
of twenty per cent (20%) of the value of
the Permsnent University Fund exclualve
of real estate at the time of any isauanee
thereof. provided, however, no building or
other permanent Improvement ahall he sc-
quired or constructed hereunder for use by
any Inatitutlon of The UnfveAty of Texsa
System, except at nnd for tlir use af the
genesal academic Institutions ef sold Bga-
tem, nsmety. the Main University snd
Texss Western ^College, without-the prlar
approvsl ef the Legislature or of stlth
agency as msy he outWlred bv the I«*«ta-
Isture to grunt auch approval Any bonds
or notes issued hereunder shsll He psyaMe
•olelv out of Ute Income from the Perms-
nent University Fund. Bonds or notes so
issued ahall msture aerially or otherwise
not more thsn thirty (80) years from
•heir respective datss.
"The Tctas Agricultural snd Mrchsnlrat
College Hyatem nnd all of the Institutions
constituting auch System as hereinabove
enumerated, and Tim University of Texaa
System, and all of the institutions
constituting atieh Ffystem aa hereinabove
enumerated, shall not. after the effective
dete of thia Ami udtneni. rcceiea any Clen-
eral Korea no fmulg far Hm acquiring ct
constructing of buildings or other
uoot lmproveni<nta. except in case of fta%,
flood, storm, or earthquake oceurrlttflt
any such institution, in which case am .
appropriation in mii amount aufficicnt tm
replace the uninsured loss ao incurred may
be made by the Legislature out of (ioneral
Itevenue funds
"Said Boards av# severally authorise*! ia>
pledge the whole or any part uf thv re-
spective interesits of the Agricultural ami
Mechanical Colleue of 'IVxaa snd uf The
University of Texaa in tlie ncome from the I
Permanent dJniv«ji*Uy KuitU. sa yuch «
terest#1 a re now apportioned oy Chapter *
of the Attn of the Ketrular Session of tlae i
Forty■-second Lrtgislature of the State b€
Texss. for the purpose " f securing the pay-
ment of the principal snd interest of sadS
bonds or notes. The Permanent Univernifcg
Fund may be invested in such bonds <ar
notes.
"All bonds or notes issued pursuant here-
to shall be approved by the Attorney Gen-
eral of Texss and when so approved ahalft
be incontestable. This amendment shall ha
aelf-enacting and shall become effective
January I. 1068; provided, however, that
nothing herein shall be construed as lae-
pairlng any obllgution heretofore created
by the Issuance of sny outstsnding notea
or bonds under this seetion by the respoe^
tive Hoard* prior to the adoption of thia
amendment but any auch outstanding notea
or bonds shall be paid in full, both prin
ctpal and interest, in accordance with the
terms of such contract*."
Sec. 2. That Article VII of ihe Consti-
tution of the State of Texas shsll he
amended by adding after Section 11 there-
of a new Section to Im- designated Section
Jin, which shall read as follow*:
"Section I la. In addition to the hon-da
now enumerated in Section II of Article
VII of the Constitution of the State uf
Texas, the Permanent Univcrnity Fund may
Ik? invested in fir*t lien real eutate im>rtr
gage aOcurltles guaranteed in any manner
in whole by the United Slates Covernment
or any agency lh«-.-of and in such cor-
poration Immk, preferred toekn and c« a*-
mon stocks as the Hoard of Kegetita of
The University of 'l exah' may deem to bo
proper investments for said fund; and the
interest anil dividend) accruing from the
securities listed in Stn-tim 11 tuid Section
Ha. except the portion thereof which ia
appropriated by the operation of Section
bject to appropria-
tion by the Legislature to aceompliah the.
purposes declared in Section 10 of Article
VII of thi-% Constitution. In making each
and all of such investments said Hoard uf
Regents ahall exercise the judgment and
care under the cir< umstanees then prevail-
ing which men of ordinary prudence, dis-
cretion, and intelligence exercise in tha
management of their own affalra not la
regard to speculation but in regard to tha
permanent disposition of their funds, eoa-
xldering the probable. Income therefrom aa
well as the probable aafet.y of their caftltel;
provided, however, that not more than fitly
ptr cent r50*%) of aaid fund ahall bo la-
vested at any given time in corporate
•toeks and bonds, nor ahall more than oaa
per cent (1%) of said fund Ite Invested la
securitiea lasued by any one 11 corpora*
tion. nor ahall more than five per eeal
(6%) of the voting atoc|i any one (tfc
corporatAm be ofcncd;' snd provided, fur-
ther. thst stocks eligible for purehsse shoJft
be restricted to sttx'ks of companies incur-
porsted within the United States whMb
hsve paid dividends for ten (10) consecu-
tive yesrs or longer immediately prior ha
the date of purchase and which, except Ite
bank stocka and insurance stock*, are lleted
upon an exchange registered with the 8m
curitles and Exchange Commission er M*
successors- This smendment shsll be srff*
•meeting, snd shsll become effective MM
its adoption, provided, however, that tfe
Legislature ahall provide hy law for Ml
dlseloeure of sll details concerning tha la
In corporate atocks snd
and other Investment« guthoriied ha
See. S. The foregoing Constitutional
Amendment shell be submitted to a vale
of the qualified deotora of this State at tha
General Hectien to he Iwld on the flMft
Tudadsy after the flrat Meilday In V
her. A.D. IMi. at which eleotlun si.
ahsll hsve printed thereon i
"FOR the Amendment to Article Vfl af
the Constitution of the State of Texas hp
emending Sections 17 end tl thereof. pgg
vidlng e method of peyment for the ag|h
■truetion snd equipment of buildings gMft
it her permsnent Improvements at Stale
Institution* of higher learnlnt: Mi 11
adding a aew section
nstsd as Sectioa 1 la. providing
improved support of The Unlv
Teres System and the Togas A
and Mechankal OoDote SMMi'u
Ising the Investment of the Vkormanent 1
versky rand in corporate hands and i
under aeftala eoadMteae and llmHoth
"ACAINST the Amondmsat to A
VII of the <Oonstlfcitio* af the State of *
es hy amending SsHlsas If aad W thai
providing a- method af payment lag la
construction and equipment of hiiflitgagi
and other permanent Impiuismsiito at IMi
Institutions of hla<ior loaaalaa; aad If
sddlng a new sec wen therate to t
noted as Seetion lis. pwildlai
improved support of The Unlvi
Texss System aad tlw Teaaa /
snd Mechanical College Syatem
Icing the Invastepeat af "
Univeralty Pond In ear*
docks under certain earn
tatioas/*
Bsr. 4. The Clever ear obeli lame the
assay? pfuelsemJoa
have |Na '
BB
. I
iitesivjiiiUd
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Welch, Lowell C. The Aspermont Star (Aspermont, Tex.), Vol. 59, No. 49, Ed. 1 Thursday, August 16, 1956, newspaper, August 16, 1956; Aspermont, Texas. (https://texashistory.unt.edu/ark:/67531/metapth136255/m1/3/: accessed July 8, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Stonewall County Library.