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.