1-1        By:  West                                       S.B. No. 1347
    1-2        (In the Senate - Filed March 10, 1995; March 20, 1995, read
    1-3  first time and referred to Committee on Natural Resources;
    1-4  April 12, 1995, reported favorably by the following vote:  Yeas 10,
    1-5  Nays 0; April 12, 1995, sent to printer.)
    1-6                         A BILL TO BE ENTITLED
    1-7                                AN ACT
    1-8  relating to securing or guaranteeing payment on in-kind sales
    1-9  through insurance contracts or other agreements.
   1-10        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
   1-11        SECTION 1.  Subsection (c), Section 52.133, Natural Resources
   1-12  Code, is amended to read as follows:
   1-13        (c)  The commissioner, the owner of the soil under Subchapter
   1-14  F of this chapter, or the commissioner, acting on the behalf of and
   1-15  at the direction of an owner of the soil under Subchapter F of this
   1-16  chapter, the board, or a board for lease may negotiate and execute
   1-17  contracts or any other instruments or agreements necessary to
   1-18  dispose of their portion of the royalty taken in kind, including
   1-19  contracts for sale, transportation, and <or> storage and including
   1-20  insurance contracts or other agreements, to secure or guarantee
   1-21  payment.
   1-22        SECTION 2.  The importance of this legislation and the
   1-23  crowded condition of the calendars in both houses create an
   1-24  emergency and an imperative public necessity that the
   1-25  constitutional rule requiring bills to be read on three several
   1-26  days in each house be suspended, and this rule is hereby suspended.
   1-27                               * * * * *