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Texas Vernon's Texas Civil Statutes - Article 6429. Law Not To Apply To State Loans, Etc

Legal Research Home > Texas Lawyer > Vernon's Texas Civil Statutes > Texas Vernon's Texas Civil Statutes - Article 6429. Law Not To Apply To State Loans, Etc

Art. 6429. [6632] [4557] [4266] LAW NOT TO APPLY TO STATE 
LOANS, ETC.  The provisions of this law shall not apply to any debt, 
execution or deed of trust held by the State against any railroad 
company because of any loan made by the State to any company under 
the provisions of the Act to provide for the investment of the 
special school fund, or any other law which authorizes the loan of 
money to railroad companies, nor shall any creditor of any railroad 
company be allowed to make the State a party to any suit brought for 
the enforcement of any debt, mortgage or deed of trust or lien on 
any railroad, or permitted to require the State to foreclose any 
lien which it may have had upon any road, but the lien of the State 
and its right to enforce the same shall continue as if this law had 
never been passed, and as if no sale had been made under the 
provisions of the same.

P.D. 4917.                                                                    

Last modified: August 10, 2007