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Texas Constitution:Article III, Section 52: Difference between revisions
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Texas Constitution:Article III, Section 52 (view source)
Revision as of 10:36, August 16, 2023
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'''(d) Any defined district created under this section that is authorized to issue bonds or otherwise lend its credit for the purposes stated in Subdivisions (1) and (2) of Subsection (b) of this section may engage in fire-fighting activities and may issue bonds or otherwise lend its credit for fire-fighting purposes as provided by law and this constitution.''' | '''(d) Any defined district created under this section that is authorized to issue bonds or otherwise lend its credit for the purposes stated in Subdivisions (1) and (2) of Subsection (b) of this section may engage in fire-fighting activities and may issue bonds or otherwise lend its credit for fire-fighting purposes as provided by law and this constitution.''' | ||
'''(e) A county, city, town, or other political corporation or subdivision of the | '''(e) A county, city, town, or other political corporation or subdivision of the State may invest its funds as authorized by law.''' | ||
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This section first appeared in the Texas Constitution of 1876. Neither the Republic of Texas constitution (1836) nor any of the state's first four constitutions (1845, 1861, 1866, 1869) contained a provision with similar substantive language. | |||
As adopted, it read: "The Legislature shall have no power to authorize any county, city, town, or other political corporation, or subdivision of the State, to lend its credit or to grant public money or thing of value, in aid of any individual, association, or corporation whatsoever; or to become a stockholder in such corporation, association or company." It has been amended seven times. Amendments were approved in 1904, 1970, 1978, 1986, 1989, and 1999 (two). | As adopted, it read: "The Legislature shall have no power to authorize any county, city, town, or other political corporation, or subdivision of the State, to lend its credit or to grant public money or thing of value, in aid of any individual, association, or corporation whatsoever; or to become a stockholder in such corporation, association or company." It has been amended seven times. Amendments were approved in 1904, 1970, 1978, 1986, 1989, and 1999 (two). | ||