1-1 By: Carona S.J.R. No. 26 1-2 (In the Senate - Filed February 14, 2001; February 15, 2001, 1-3 read first time and referred to Committee on Jurisprudence; 1-4 April 3, 2001, reported favorably, as amended, by the following 1-5 vote: Yeas 5, Nays 0; April 3, 2001, sent to printer.) 1-6 COMMITTEE AMENDMENT NO. 1 By: Jackson 1-7 Amend S.J.R. No. 26, on page 1, line 18, by striking the word 1-8 "perpetual". 1-9 SENATE JOINT RESOLUTION 1-10 proposing a constitutional amendment to remove the prohibition 1-11 against perpetual trusts. 1-12 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-13 SECTION 1. Section 26, Article I, Texas Constitution, is 1-14 amended to read as follows: 1-15 Sec. 26. Perpetuities and monopolies are contrary to the 1-16 genius of a free government, and shall never be allowed, nor shall 1-17 the law of primogeniture or entailments ever be in force in this 1-18 State. This section does not apply to perpetual trusts. 1-19 SECTION 2. This proposed constitutional amendment shall be 1-20 submitted to the voters at an election to be held November 6, 2001. 1-21 The ballot shall be printed to permit voting for or against the 1-22 proposition: "The constitutional amendment removing the 1-23 prohibition against perpetual trusts." 1-24 * * * * *