By Averitt H.J.R. No. 9
77R5411 CAS-F
A JOINT RESOLUTION
1-1 proposing a constitutional amendment to remove the prohibition
1-2 against perpetual trusts.
1-3 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Section 26, Article I, Texas Constitution, is
1-5 amended to read as follows:
1-6 Sec. 26. Perpetuities and monopolies are contrary to the
1-7 genius of a free government, and shall never be allowed, nor shall
1-8 the law of primogeniture or entailments ever be in force in this
1-9 State. This section does not apply to perpetual trusts.
1-10 SECTION 2. This proposed constitutional amendment shall be
1-11 submitted to the voters at an election to be held November 6, 2001.
1-12 The ballot shall be printed to permit voting for or against the
1-13 proposition: "The constitutional amendment removing the
1-14 prohibition against perpetual trusts."