Land for Texas Veterans.

The article reports that in November 1946 the voters of Texas approved an amendment to the state constitution providing for the extension of credit to veterans of World War II for the purpose of buying farm land. To become operative this amendment requires subsequent action of the legislature. The substance of the constitutional amendment and the legislation thus far introduced are the subject of this paper. Following the last two wars, World War I and II, most programs for civil readjustment of the military man have included some form of land scheme. Constitutional authorization for the veterans' land program was adopted in a statewide election in November 1946. Actually the exact provisions of the constitutional amendment were included in House joint Resolution No. 62 of the 49th legislative session which provided for the holding of an election. Land acquired might be subdivided for sale into tracts of such size as deemed advisable by the board. Amortization of the loan could cover a period to be fixed by the board, but not exceeding 40 years. Interest was specified at four percent.