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HJR 15, 54th R.S.
Proposing an amendment to the Constitution of the State of Texas by amending Article VII, Sections 17 and 18, providing a method of payment for the construction and equipment of buildings and other permanent improvements at state institutions of higher learning and repealing Section 4 of Chapter 330, Acts, Regular Session, Fifty-Third Legislature; and proposing an amendment to Article VII of the Constitution of the State of Texas by adding a new section after Section 11 thereof to be designated as Section 11a, providing for the improved support of The University of Texas and The Agricultural and Mechanical College of Texas from a source other than tax revenue by providing for the broader investment of the Permanent University Fund in corporate bonds and stocks under certain conditions and limitations; providing for an election and the issuance of a proclamation therefor.

Proposition Prop. 3 - For the Amendment to Article VII of the Constitution of the State of Texas by amending Sections 17 and 18 thereof, providing a method of payment for the construction and equipment of buildings and other permanent improvements at state institutions of higher learning; and by adding a new section thereto to be designated as Section 11a, providing for the improved support of the University of Texas System and the Texas Agricultural and Mechanical System by authorizing the investment of the Permanent University Fund in corporate bonds and stocks under certain conditions and limitations.

Outcome: Adopted

Election date: 11/06/1956

Votes for: 983,764
Votes against: 289,629

Articles affected Article 7 : Adds §11a    Amends §17    Amends §18   


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