(a) The continuous extension of the Interstate Compact to Conserve Oil and Gas until September 1, 1951, by an agreement executed by the governor in the name of the State of Texas with other states currently members of the Interstate Oil Compact Commission was authorized by the legislature, subject to the approval of Congress, in:
(1) Chapter 217, Acts of the 45th Legislature, Regular Session, 1937;
(2) Chapter 2, Special Laws, page 527, Acts of the 46th Legislature, Regular Session, 1939;
(3) Chapter 63, Acts of the 47th Legislature, Regular Session, 1941;
(4) Chapter 15, Acts of the 48th Legislature, Regular Session, 1943; and
(5) Chapter 52, Acts of the 50th Legislature, Regular Session, 1947.
(b) The governor may execute agreements in the name of the State of Texas for the further extension of the expiration date of the Interstate Compact to Conserve Oil and Gas.