Constitutional amendment allowed the Board to issue PUF bonds in an amount not to exceed 20% of the book value of the PUF, exclusive of real estate. Investment in corporate stocks and bonds was also made possible under this amendment. The constitution was also amended to include Southwestern Medical School at Dallas, the Health Science Center at Houston, and M.D. Anderson Cancer Center on the list of institutions eligible for a share of U. T.'s PUF bond proceeds.
The Santa Rita No. 1 original rig was formally dedicated as part of the
U. T. at Austin campus on November
27, 1958 prior to the