By Counts H.B. No. 338 74R118 CLG-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the authority of the Stamford Hospital District to 1-3 borrow money. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Chapter 108, Acts of the 59th Legislature, 1-6 Regular Session, 1965, is amended by adding Section 17a to read as 1-7 follows: 1-8 Sec. 17a. The Board of Directors may, on behalf of the 1-9 Hospital District, borrow money from a federally insured lending 1-10 institution and make other financial arrangements to pay the 1-11 operating expenses and to meet the other lawfully authorized 1-12 obligations of the District. The Board of Directors may borrow 1-13 money in the amount it considers advisable subject to a rate of 1-14 interest and other terms and conditions it considers advisable. To 1-15 secure a loan, the Board of Directors may pledge revenues of the 1-16 District or property acquired with the borrowed money that are not 1-17 pledged to pay a bonded indebtedness of the District. If revenues 1-18 of the District are pledged to pay the loan, the loan shall mature 1-19 not later than the fifth anniversary of the date on which the loan 1-20 is made. 1-21 SECTION 2. The importance of this legislation and the 1-22 crowded condition of the calendars in both houses create an 1-23 emergency and an imperative public necessity that the 1-24 constitutional rule requiring bills to be read on three several 2-1 days in each house be suspended, and this rule is hereby suspended, 2-2 and that this Act take effect and be in force from and after its 2-3 passage, and it is so enacted.