H.B. No. 320 1-1 AN ACT 1-2 relating to excluding land from the New Caney Municipal Utility 1-3 District. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. DEFINITION. In this Act, "district" means the 1-6 New Caney Municipal Utility District. 1-7 SECTION 2. EXCLUSION OF TERRITORY. The boundaries of the 1-8 district are adjusted to exclude the following plot of land: Being 1-9 66.740 acres of land in MH short survey, abstract #509; being the 1-10 same land called 66 acres by deed recorded in Volume 505, page 383, 1-11 of the Montgomery County Deed Records. 1-12 SECTION 3. RIGHTS OF BONDHOLDERS. The exclusion of land 1-13 under this Act does not diminish or impair the rights of the 1-14 holders of any outstanding and unpaid bonds, warrants, or other 1-15 certificates of indebtedness of the district. 1-16 SECTION 4. APPORTIONMENT OF DISTRICT INDEBTEDNESS. (a) The 1-17 excluded land is not released from the payment of its pro rata 1-18 share of the district's indebtedness. 1-19 (b) The district shall continue to levy taxes each year on 1-20 the property excluded from the district at the same rate levied on 1-21 other property of the district, until the taxes collected from the 1-22 excluded land equal its pro rata share of the indebtedness of the 1-23 district at the time of the exclusion of the land. The taxes 1-24 collected shall be applied exclusively to the payment of the 2-1 excluded land's pro rata share of the indebtedness. 2-2 (c) The owner of all or part of the excluded land at any 2-3 time may pay in full the owner's share of the pro rata share of the 2-4 indebtedness of the district. 2-5 SECTION 5. EMERGENCY. The importance of this legislation 2-6 and the crowded condition of the calendars in both houses create an 2-7 emergency and an imperative public necessity that the 2-8 constitutional rule requiring bills to be read on three several 2-9 days in each house be suspended, and this rule is hereby suspended, 2-10 and that this Act take effect and be in force from and after its 2-11 passage, and it is so enacted.