HJR 51, 49th R.S. history

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Proposing an Amendment providing that the Legislature shall appropriate the Available University Fund in the proportion of one-third (1/3) to the Agricultural and Mechanical College of Texas and the balance to The University of Texas for the support, maintenance, and operation of and the acquiring of permanent improvements at said institutions, and empowering the Legislature to authorize the governing boards of said institutions to pledge the Available University Fund as hereby apportioned on any part thereof to secure bonds or notes issued for the purpose, or to refund bonds or notes issued for the purpose, of constructing buildings or other permanent improvements on the campuses of said institutions.