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HB 40, 52nd Regular Session
Relating to amending certain acts so as to authorize cities and towns, including Home Rule Cities, which heretofore have issued or hereafter may issue original bonds or refunding bonds payable from revenues of electric light and power systems, gas systems, water systems, sewer systems, or any combination of such systems, to issue additional bonds payable from such revenues for purposes of improving and extending such systems, such additional bonds to constitute a lien upon said revenues in order of their issuance inferior to the lien securing the payment of the bonds previously issued.

Author: Clinton Stanley Banks, Jr.
Coauthor: Oswald E. "Ozzie" Latimer | Marshall O. Bell | W. Albert "Cap" Williamson

Session Law Chapter:
Acts 1951, 52nd R.S.,ch. 23, General and Special Laws of Texas

City Government--Finance
City Government--Utilities

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