The governing body fixing the rate of return for a corporation organized under the provisions of Section 1 of this Act shall not fix such rates of return to yield a net amount in excess of eight (8%) per cent upon the invested capital of such corporation.
Tex. Rev. Civ. Stat. art. 1524f
RATE OF RETURN RESTRICTED
Acts 1932, 42nd Leg., 3rd C.S., p. 107, ch. 42, Sec. 5.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.