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78R4447 KCR-D

By:  Paxton                                                     H.J.R. No. 77 



A JOINT RESOLUTION

proposing a constitutional amendment to remove the prohibition 
against perpetual trusts.
	BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:                       
	SECTION 1.  Section 26, Article I, Texas Constitution, is 
amended to read as follows:
	Sec. 26.  Perpetuities and monopolies are contrary to the 
genius of a free government, and shall never be allowed, nor shall 
the law of primogeniture or entailments ever be in force in this 
State.  This section does not apply to perpetual trusts.
	SECTION 2.  This proposed constitutional amendment shall be 
submitted to the voters at an election to be held November 4, 2003.  
The ballot shall be printed to permit voting for or against the 
proposition:  "The constitutional amendment removing the 
prohibition against perpetual trusts."