By:  Luna                                             S.B. No. 1496
                                 A BILL TO BE ENTITLED
                                        AN ACT
    1-1  relating to the period of duration and operation of certain
    1-2  nonprofit corporations.
    1-3        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-4        SECTION 1.  This Act applies to a corporation that:
    1-5              (1)  is a church;
    1-6              (2)  was incorporated as a nonprofit corporation before
    1-7  January 1, 1920;
    1-8              (3)  has articles of incorporation providing for a
    1-9  period of duration that expired before August 10, 1959; and
   1-10              (4)  has continually operated under the articles of
   1-11  incorporation up to the effective date of this Act as if the
   1-12  corporation's period of duration had not expired, including payment
   1-13  of all fees and franchise taxes as provided by law.
   1-14        SECTION 2.  (a)  Notwithstanding the articles of
   1-15  incorporation of a corporation to which this Act applies, the
   1-16  period of duration of the corporation is perpetual, and all acts of
   1-17  the corporation occurring before the effective date of this Act are
   1-18  validated as if at the time of incorporation the period of duration
   1-19  of the corporation were perpetual.
   1-20        (b)  This section does not apply to any matter that on the
   1-21  effective date of this Act:
   1-22              (1)  is involved in litigation if the litigation
   1-23  ultimately results in the matter being held invalid by a final
   1-24  judgment in a court of competent jurisdiction; or
    2-1              (2)  has been held invalid by a final judgment of a
    2-2  court of competent jurisdiction.
    2-3        SECTION 3.  The importance of this legislation and the
    2-4  crowded condition of the calendars in both houses create an
    2-5  emergency and an imperative public necessity that the
    2-6  constitutional rule requiring bills to be read on three several
    2-7  days in each house be suspended, and this rule is hereby suspended,
    2-8  and that this Act take effect and be in force from and after its
    2-9  passage, and it is so enacted.