By:  Haywood                                          S.B. No. 1355
                                 A BILL TO BE ENTITLED
                                        AN ACT
    1-1  relating to the authority of cities, to create corporations, to
    1-2  levy sales and use taxes, and to utilize all functions and
    1-3  procedures of the Development Corporation Act of 1979 (Article
    1-4  5190.6, Vernon's Texas Civil Statutes).
    1-5        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-6        SECTION 1.  Article 5190.6, Vernon's Texas Civil Statutes, is
    1-7  amended by adding Section 4C to read as follows:
    1-8        SECTION 4C.  (a)  Notwithstanding the requirements for an
    1-9  "Eligible City" contained in Section 4B of this Act, a city
   1-10  authorized to exercise the powers and authorizations provided in
   1-11  Section 4A of this Act shall be considered an "Eligible City" under
   1-12  Section 4B and may exercise all powers and authorizations provided
   1-13  in Section 4B, if the governing body of the city:
   1-14              (1)  authorizes such change in status by a vote of the
   1-15  council after public notice and hearing on three separate
   1-16  occasions, or;
   1-17              (2)  amends its by-laws to authorize such change in
   1-18  status after public notice and hearing on three separate occasions.
   1-19        (b)  If a city elects to become an "Eligible City" under
   1-20  Subsection (a) and the city has created a corporation under Section
   1-21  4A(b)(1) of this Act, the corporation may exercise the powers and
   1-22  authorizations provided in Section 4B after the corporation has
   1-23  amended its articles of incorporation and by-laws to make them
    2-1  consistent with the requirements for corporations created under
    2-2  Section 4B.
    2-3        SECTION 2.  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.