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(6) Whenever a corporation upon proper judicial ascertainment is found to be insolvent.

(7) Upon the dissolution of any corporation, unless a receiver is appointed by some Court of competent jurisdiction the President and Directors or Managers of the affairs of the corporation at the time of its dissolution, by whatever name they may be known in law, shall be Trustees of the creditors and stockholders of such corporation with full power to settle the affairs, collect the outstanding debts, and divide the moneys and other property among the stockholders, after paying the debts due and owing by such corporation at the time of its dissolution, as far as such money and property will enable them, after paying all just and reasonable expenses, and to this end, and for this purpose they may in the name of such corporation, sell, convey and transfer all real and personal property belonging to such company, collect all debts, compromise controversies, maintain or defend judicial proceedings and to exercise the full power and authority of said company over such assets and properties; and the existence of every corporation may be continued for three years, after its dissolution from whatever cause for the purpose of enabling those charged with the duty to settle up its affairs, and in case a receiver is appointed by a Court for this purpose, the existence of such corporation may be continued by the Court so long as in its discretion it is necessary to suitably settle up the affairs of such corporation.

SEC. 5. No corporation, domestic or foreign, doing business in the State, shall employ or use its stock, means, assets or other property, directly or indirectly, for any other purpose whatever than to accomplish the legitimate objects of its creation or that permitted by law, nor shall it issue any stock or create any indebtedness whatever except for money paid, labor done, which is reasonably worth at least the sum at which it was taken by the corporation; or property actually received reasonably worth at least the sum at which it was taken by the Company; nor shall it directly or indirectly contribute or pay any part of its assets, property or funds to any political party, or to any officer or campaign manager of any political party, or to any person whatsoever, for or on account of such party, nor to any candidate for any office before or after nominations are made, or to aid in defraying the expenses of any candidate for office, or to any person for or on account of aid in defraying the expenses of a candidate for office, or to any person whatsoever for, or on account of aid in maintaining or defraying the expenses of any campaign or political headquarters, or to any person whatsoever for, or on account of the success or defeat of any question to be voted upon by the qualified voters of this State, or any subdivision thereof. Any corporation which violates the provisions of this Section shall on proof thereof in any Court of com- · petent jurisdiction, forfeit its permit, license, or charter, as the case may be, and all rights, and franchises which it holds under, from or by virtue of the laws of this State.

Whenever it appears that the money, assets, property or funds of a corporation has been issued, paid out or used in violation of any provisions of this Section by any agent, attorney, director or officer of said company it shall be held and considered the act of the cor

poration, unless within one year from the date of said violation it has caused to be entered through its Board of Directors on its records in this State, an order repudiating the wrong and permanently dismissing from its service all persons directly or indirectly connected with such violation.

Approved April 23, 1907.

Takes effect ninety days after adjournment.

BUREAU OF COTTON STATISTICS CREATING SAME.

S. B. No. 183.]

CHAPTER CLXVII.

An Act to create in the Department of Agriculture of Texas, a Bureau of Cotton Statistics; prescribing the duties of the Commissioner of Agriculture, the county clerks, public ginners, and prescribing penalties for the violation of this act, and declaring an emergency.

Be it enacted by the Legislature of the State of Texas:

SECTION 1. All custom ginners of seed cotton in this State are hereby declared to be public ginners. Any person or persons, firm or corporation in this State, before engaging in the business of public ginners, shall obtain from the county clerk of the county in which gin is located a certificate after the following form:

Number

This is to certify that

County, Texas, has this day filed

of ..

affidavit required by law, of all public ginners in this State.

(Seal.)

County Clerk of

County, Texas.

SEC. 2. The form of affidavit to be made to and filed with the county clerk, shall be as follows:

I,

of

County, Texas, do solemnly swear that I will, so long as I may operate a public gin, make and forward a true and correct report of the number of bales of cotton ginned by me to the Commissioner of Agriculture at Austin, as required by law.

SEC. 3. The county clerk shall number each certificate issued by him consecutively, beginning at number one; and shall immediately forward to the Commissioner of Agriculture the name and postoffice address to whom certificate was issued. The clerk shall issue certificates to all ginners and shall take the affidavits as herein required without cost to ginners.

SEC. 4. The Commissioner of Agriculture upon receipt of information of the issuance of a ginner's certificate from any county clerk in this State, shall immediately forward all necessary blanks to the

public ginner for making official cotton report, which shall consist of the following:

Envelopes addressed to the Commissioner of Agriculture, Austin, Texas; and there shall be printed upon the upper left hand corner the words "Official Cotton Report of

County," also blanks, to-wit:

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SEC. 5. All public ginners shall make and forward reports to the Commissioner of Agriculture, on the blanks furnished them, by the third of each month, stating the exact number of bales ginned by them the preceding calendar month. This report must be made by all ginners, unless they have ceased to operate, the notice of which must be forwarded to the Commissioner of Agriculture. These reports must be securely sealed by ginners.

SEC. 6. The Commissioner of Agriculture shall open on the eighth of each month and tabulate the official cotton reports of the various counties, in the presence of three creditable witnesses, who shall be appointed by the Governor. The complete report, showing total number of bales of cotton ginned, shall be given out to the public, including the press, at eleven o'clock a. m., on the ninth of each month. SEC. 7. If the Commissioner of Agriculture, his assistants, or any one else connected with the opening and tabulating of these official cotton reports, or any other person shall give out any information as to the number of bales of cotton ginned before the time specified by this act, shall, upon conviction, be confined in the penitentiary not less than one year nor more than three years.

SEC. 8. All county clerks and public ginners who violate any of the provisions of this act are guilty of a misdemeanor, and upon conviction shall be fined not less than twenty-five nor more than two hundred dollars.

SEC. 9. All laws and parts of laws in conflict with this act are hereby repealed.

SEC. 10. The fact that there is no law regulating and prescribing the method of securing cotton reports, and the fact that the calendar is crowded and the near approach of the close of the session, create an emergency and an imperative public necessity that the constitutional rule requiring bills to be read on three several days be

suspended, and said rule is hereby suspended, and that this act take effect and be in force from and after its passage, and it is so enacted.

Approved April 23, 1907.

Takes effect ninety days after adjournment.

H. B. No. 489.]

AUDITORS-FOR COUNTIES.

CHAPTER CLXVIII.

An Act to amend Section 1, Chapter 161, Acts of the 29th Legislature entitled "An Act to provide for the appointment and qualification of a county Auditor in any county having therein a city with a population of twenty-five thousand and over; providing for the manner of appointment; the duties of said officer; the compensation allowed; making this Act cumulative of other provisions in the present laws; and repealing all laws and parts of laws in conflict herewith, and adding the emergency clause.

Be it enacted by the Legislature of the State of Texas:

SECTION 1. That Section 1, of Chapter 161, Acts of the 29th Legislature be amended so as to hereafter read as follows:

Section 1. That in any county of this State having a population of 40,000 inhabitants or over, or having therein a city with a population of 25,000 or over according to the last United States census, there shall be appointed an auditor of accounts and finances, the title of said office to be County Auditor, who shall hold his office for a term of two years and until his successor is appointed and qualified; and who shall receive an annual salary of $2400.00 to be paid out of the general fund of the County upon the order of the Commissioners' Court. Provided that any competent accountant may be appointed auditor, even though he may not have had two years actual experience in practical book-keeping as provided by Sec. 3 of this Act.

SEC. 2. The near approach of the end of this session and the crowded. condition of the calendar, creates an emergency and an imperative public necessity requiring the suspension of the Constitutional rule requiring bills to be read on three several days, and the rule is suspended and this bill is put on its final passage.

Approved April 24, 1907.

Takes effect ninety days after adjournment.

SCHOOLS-NAMING SUBJECTS REQUIRED TO BE TAUGHT IN PUBLIC SCHOOLS.

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An Act to so amend Section 100, Chapter 124, Acts of the Twenty-ninth Legislature, as to hereafter require the teaching of elementary agriculture in all public schools of this State, except independent school districts containing a scholastic population of three hundred or more.

SECTION 1. Be it enacted by the Legislature of the State of Texas: That Section 100, Chapter 124, Acts of the Twenty-ninth Legislature, be so amended as to hereafter read as follows:

Sec. 100. All public schools in this State shall be required to have taught in them crthography, reading in English, penmanship, arithmetic, English grammar, modern geography, composition, physiology and hygiene, including the effects of alcoholic stimulants and narcotics on the human system, mental arithmetic, Texas history, United States history, civil government, elementary agriculture, and other branches as may be agreed upon by the trustees or directed by the State Superintendent of Public Education; provided, that the subject of elementary agriculture shall not be required to be taught in independent school districts having a scholastic population of three hundred or more, unless so ordered by the school boards; provided further, that suitable instruction shall be given in the primary grades once each week regarding kindness to animals of the brute creation and the protection of birds and their nests and eggs.

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An Act to require all incorporated stock or mutual companies doing a life insurance business within the State of Texas, to invest a part of the reserve set apart on account and for the final payment of policies of insurance written on the lives of citizens of Texas, in Texas and other securities and Texas property, or in the bonds of the United States or any State of the United States, and to define Texas securities and the property in which such investments may be made, and to require that a part of the securities in which such reserve is invested be kept on deposit in the vaults of the Treasury of this State, or in National Banks or State Banks or Trust Companies in Texas, designated as depositories for the security of policy holders, and declaring an emergency.

Be it enacted by the Legislature of the State of Texas:

SECTION 1. That all stock or mutual companies incorporated under the laws of this State, or any other State of the United States or any foreign country, for the purpose of doing a life insurance business and engaged in doing a life insurance business in the State of Texas, shall, as a condition of their right to do business in this State, invest and

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