HOUSE BILL NO. 26 ON THIRD On motion of Mr. Horton the regular order of business was suspended to take up and have placed on its third reading and final passage, H. B. No. 26, A bill to be entitled "An Act to regulate and supervise the sale and purchase in the State of Texas of stocks, stock certificates, bonds, debentures or other securities, and the transaction of business in this State of persons, joint stock companies, common law trusts, co-partnerships, companies or other persons or organizations offering for sale in this State such securities, excepting companies incorporated under the laws of the State of Texas, and declaring an emergency." The Speaker laid the bill before the House and it was read third time. Mr. Johnson of Wichita offered the following amendment to the bill: Amend House bill No. 26 by changing the words "Chief Clerk" where they occur in Section 2, page 2, to "Supervisor." The amendment was adopted. Mr. Horton offered the following amendment to the bill: Morris 2 Motley Nacogdoches 13 Navarro 36 Newton 6 Nolan 20 Nueces в Ochiltree Palo Pinto 5 Panola Parmer 0 Amend House bill No. 26, page 2, line 27, by changing the period after the word "permit" to a comma, and add the following: "and shall have authority to cancel' such permit at any time it finds the provisions of this law not being complied with after such permit has been granted, or for any other good and lawful cause." The amendment was adopted. Question-Shall the bill be passed? The Clerk was directed to call the roll, and the bill was passed by the following vote: Yeas-110. Branch. Bryant. Barrett of Bell. Barrett of Fannin. of Hopkins. Beasley of McCulloch. Beavens. Binkley. of Bexar. of Bexar. Bonham. Burkett. Burmeister. Burns. Carpenter. Childers. Coffee. Cummins. of Dallas. HOUSE BILL NO. 227 ON SECOND READING. Mr. Stevenson moved to suspend the regular order of business to take up and have placed on its second reading and passage to engrossment, H. B. No. 227, A bill to be entitled "An Act to provide for the organization of purely co-operative marketing associations, defining their rights, duties and policies; prescribing who may organize such marketing associations, and providing for investigation prior to such organization; prescribing the powers that may be exercised by such marketing associations under this act; prescribing who may become members of such marketing associations; prescribing what shall be contained in the articles of incorporation; providing for amendments to the articles of incorporation; providing for by-laws and the powers under such by-laws; providing for the meetings of members of any association organized under this act, and prescribing the way and manner in which officers and directors of such corporations may be elected; prescribing for membership certificates and their issuance, and also the liability of members under the articles of incorporation and limiting the transferring of membership certificates; providing for the removal of officers and directors of any co-operative marketing association organized under this act; providing for referendum to the stockholders and entire membership of any organization on any question that may be referred to such stockholders or members; providing for marketing contracts of co-operative marketing associations; providing powers, giving the right of purchasing business of other associations. persons, firms and corporations in dealing with an organization incorporated under the terms and provisions of this act; providing for annual reports; limiting the use of the term 'co-operative' as applied to this act; providing for interest in other corporations or associations, and providing contracts and agreements with other associations; providing that any association heretofore organized under the present existing statutes may by majority vote come under the provisions of this act; providing for penalties for the breach of a marketing contract of a co-operative marketing Amend House bill No. 227, line 17. page 13, by inserting the word "where" between the words "except" and "such." The amendments were severally adopted. Mr. W. A. Black of Bexar offered the following amendment to the bill: Amend House bill No. 227 by striking out Section 21, page 11. On motion of Mr. John Davis of Dallas, the amendment was tabled. Mr. Burton offered the following amendment to the bill: Amend House bill No. 227 by striking out Subdivision (d) of Section 6, on page 3 of the bill, and renumber the remaining subdivisions accordingly. On motion of Mr. John Davis of Dallas, the amendment was tabled. Mr. Quaid offered the following amendment to the bill: Amend House bill No. 227, Section 21, lines 20 to 26, inclusive, to read as follows: "The name of 'co-operation' shall not be used hereafter except when incorporated under this act." Question recurring on the amendment, it was lost. Mr. Hendricks offered the following amendment to the bill: Amend House bill No. 227, page 11, line 20, by striking out all words beginning with "any person," on line 20, down to word "title" in line 26. The amendment was lost. Mr. Westbrook moved the previous question on the engrossment of the bill, and the main question was ordered. House bill No. 227 was then passed to engrossment. HOUSE BILL NO. 227 ON THIRD Mr. John Davis of Dallas moved that the constitutional rule requiring bills to be read on three several days be suspended and that House bill No. 227 be placed on its third reading and final passage. The motion prevailed by the following vote: Mr. John Davis of Dallas moved to table the amendment, and the motion to table was lost. Edwards. Faubion. |