The Laws of Texas, 1929-1931 [Volume 27] Page: 489 of 1,943
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FORTY-SECOND LEGISLATURE-REGULAR SESSION. 43
REGULATING BONDING OF COUNTY DEPOSITORY FOR
SCHOOL FUNDS.
S. B. No. 233.] CHAPTER 34.
An Act to amend Article 2829, Revised Civil Statutes of Texas, providing
for giving of bond by County Depository, for School Funds, by providing
for giving security in lieu of bond, in same manner as provided for
qualification of County Depository; and declaring an emergency.
Be it enacted by the Legislature of the State of Texas:
SECTION 1. That Article 2829 of the Revised Civil Statutes
of 1925, be amended so as to hereafter read as follows:
"Article 2829. Bond. Within twenty days after the receipt
of a certificate of its selection, the County Depository shall execute
a good and sufficient bond, payable to the County Judge,
in amount equal to the probable amount of available School
Fund, which may be on deposit at any one time, and of the permanent
County Fund, to be estimated by the County Superintendent,
or Commissioners' Court in a county having no Superintendent,
and shall be conditioned that the depository will
faithfully perform its duties under this title, and safely keep
and faithfully disburse the School Fund according to Law, and
pay such warrants as may be drawn on said fund by competent
authority; provided, in lieu of said bond, such depository may
secure said School Funds in the same manner as is now provided
by Law for qualification as County Depository."
SEC. 1-A. In the event depositories have been selected at the
time of adoption of the above provision, such depositories may,
at option, secure said School Fund by approved securities other
than by personal bond.
SEC. 2. The fact that there are not now adequate laws on the
Statute books of this State to protect school funds creates an
emergency and an imperative public necessity that the Constitutional
Rule requiring bills be read on three several days in
each House, be suspended, and the same is hereby suspended,
and that this Act shall take effect and be in force from and after
its passage, and it is so enacted.
Approved March 24, 1931.
Effective March 24, 1931.
[NOTE: S. B. No. 233 passed the Senate by a vote of 27 yeas,
0 nays; passed the House by a vote of 105 yeas, 2 nays.]
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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/m1/489/: accessed April 30, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .