Texas Vernon's Texas Civil Statutes - Article 165-4. Cotton Research Award Fund

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Art. 165-4. COTTON RESEARCH AWARD FUND.  Sec. 1. By this Act 
it is expressly declared to be a State policy that the encouragement 
and stimulation of new uses for cotton shall be a matter of 
State-wide importance and concern and that the various agencies of 
the State Government, and more particularly the various State 
agricultural departments, agencies, schools, colleges, etc., are 
hereby directed to take full and sufficient notice and 
consideration of the policy herein established and set forth, and 
the activities of all agencies of the State Government, and more 
particularly those especially mentioned above are hereby directed 
to be revamped and reorganized so as to conform with the provisions 
of this Act.
	Sec. 2. The Governor of this State is hereby directed as the 
Chief Executive and Administrative Officer of this State to use his 
efforts to carry out the policy set forth above.
	Sec. 3. In order to assist in carrying out the policy set 
forth in this Act, there is hereby created the "Cotton Research 
Award Fund", and there is hereby appropriated to this fund out of 
any money in the State Treasury not otherwise appropriated the sum 
of Ten Thousand ($10,000.00) Dollars.  The President of the 
University of Texas, the President of the A. & M. College, and the 
President of Texas Technological College are hereby designated as a 
Board of Trustees of said fund.  Said Board of Trustees are hereby 
appointed and empowered to dispense said fund in keeping with rules 
and regulations which a majority of said Board may adopt, provided 
that the same are not in conflict with the provisions of this Act.  
Said rules and regulations shall be drawn up and published within 
ninety days from the effective date of this Act, and among other 
things, they shall provide for:
	(a)  An award of not less than Five Thousand ($5,000.00) 
Dollars, nor more than Ten Thousand ($10,000.00) Dollars to any 
resident Texas citizen, who, by chemical research or other 
invention or device, discovers any process or method which 
hereafter brings about an increase in the consumption of cotton 
annually in an amount equal to or greater than three hundred 
thousand (300,000) bales of five hundred (500) pounds net weight;
	(b)  The persons mentioned above are to be the sole judges as 
to whether the required increase in consumption of cotton above 
mentioned has actually taken place, and the Comptroller of Public 
Accounts is hereby authorized to pay warrants drawn on the "Cotton 
Research Award Fund" when said warrants are signed by a majority of 
the three persons above mentioned.

Acts 1939, 46th Leg., p. 1.                                                   

Last modified: August 10, 2007