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HB 52, 43rd 4th C.S.
Relating to providing that the governing body of any city or town in this State, in making up the annual appropriation for the income and revenue of any waterworks system, electric light plant or system, sewer system, or other public utility system, service or enterprise, now or hereafter owned and operated by any such city or town, shall first provide for maintenance and operating expenses of such system, service or enterprise, shall then provide for payment of principal and interest of any indebtedness outstanding against such system, service or enterprise.
Author: Harlee Morrison
Session Law Chapter:
Acts 1934, 43rd 4th C.S.,ch. 18, General and Special Laws of Texas
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