The Laws of Texas, 1929-1931 [Volume 27] Page: 190 of 1,943
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178 GENERAL LAWS.
purchase, or lease, additional real estate for such purpose, or
to exchange or sell real estate now or hereafter owned for such
purpose.
SEC. 3. In payment for the erection, completion and equipping
of such dormitories and/or other improvements, the Board
of Regents of such college is further authorized and empowered
to issue its obligations in such sum or sums and upon such
terms and/or conditions as to said Board may seem advisable,
and as security for the payment thereof to pledge the rents,
revenues and income of and from the improvements to be
erected hereunder, and/or the rents, revenues and income from
such other dormitories erected and owned by said college at
the time of the making of such contract, as well as all other
revenues derived by said college from any and all other sources,
save and except the revenues derived by means of appropriations
made for any particular or specific purpose by the legislature of
the State of Texas.
SEC. 4. Said Board of Regents is further authorized and
empowered to sell and/or encumber any part of the campus or
real estate owned by said college as may be deemed advisable
by said Board of Rgents, for the purpose of obtaining funds
with which to erect and/or equip such improvements, or for the
purpose of further securing the payment of its obligations
issued to any person, firm or corporation, for the erection and/or
equipping of such improvements; and said Board of Regents
shall have and is hereby given full and complete power to adopt
such rules and regulations as to said Board of Regents may be
deemed reasonable, requiring any class or classes of students
to reside in such dormitories, and/or other buildings, and absolute
and sole management and control of such dormitories and
other improvements is vested in said Board of Regents.
SEC. 5. On the completion, and acceptance by the Board of
Regents, of any of such improvements, the Board of Regents
is hereby authorized and empowered, if it so desires, to make
requisition to the Board of Control of the State of Texas, for
any and all furniture, furnishings, equipment and appointments
that may be required for the proper use and enjoyment of such
improvements; and the Board of Control of the State of Texas
is hereby authorized upon requisition to purchase and pay for
such furnishings, equipment and appointments.
SEC. 6. In the erection of such improvements, or in contracting
therefore, the Board of Regents shall not in any manner nor
to any extent incur any indebtedness against the College of
Industrial Arts or the State of Texas, except as herein otherwise
provided; that is to say, the obligation or obligations authorized
by this act shall never be a personal obligation of the College
of Industrial Arts or the State of Texas; but such obligation
shall be discharged solely from the revenues and/or the property
herein authorized to be pledged for that purpose.
SEC. 7. Tha Board of -Regents :s hereby empowered to do
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1929-1931 [Volume 27], book, 1931; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth16362/m1/190/: accessed May 20, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .