By:  Carona                                           S.J.R. No. 26
 1-1                           SENATE JOINT RESOLUTION
 1-2     proposing a constitutional amendment to remove the prohibition
 1-3     against perpetual trusts.
 1-4           BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1.  Section 26, Article I, Texas Constitution, is
 1-6     amended to read as follows:
 1-7           Sec. 26.  Perpetuities and monopolies are contrary to the
 1-8     genius of a free government, and shall never be allowed, nor shall
 1-9     the law of primogeniture or entailments ever be in force in this
1-10     State.  This section does not apply to trusts.
1-11           SECTION 2.  This proposed constitutional amendment shall be
1-12     submitted to the voters at an election to be held November 6, 2001.
1-13     The ballot shall be printed to permit voting for or against the
1-14     proposition:  "The constitutional amendment removing the
1-15     prohibition against perpetual trusts."