in acres?
A&M gets oil land royalty; value uncertain
THE BATTALION
THURSDAY, APRIL 5, 1979
Page 7
isleFi
le Bra**
usic, Foi
By RUSTY McDONALD
Battalion Reporter
Texas A&M University may have
received a very valuable gift. On the
Op.nJ other hand, it may have gotten no
thing.
jp se , J Clayton W. Williams Jr., an in-
OA dependent oilman from Midland,
d haslgiven the school an overriding
royalty interest in approximately
86,000 acres. The land is located in
" ei lii various parts of Brazos, Burleson
and Robertson counties in Central
Texas and is just north of Kurten
Field, one of the state’s newest oil
fields. The royalty interest has a
market value of $2.37 million.
An overriding royalty interest
means that when and if oil or gas is
found on this land and is produced,
Texas A&M will receive a percent
age of the gross value.
For Texas A&M to profit on the
royalty, though, oil or gas must be
found while Williams still has a lease
on the land. If the lease runs out
leaving
rape law same
cr.on |
| United Press Internationa]
AUSTIN — The Senate has re-
Tower. fused to consider rewriting a Texas
, Rudds law that protects from prosecution
husbands who rape their wives.
Sen. Gene Jones, D-Houston,
; T ' ptopoM’d a change in the law Tues
day bto allow prosecution in cases
when the couple is separated,
in Room But critics blocked consideration
'ty of the bill on a 16-14 vote. Under
lationalii Senate procedure a two-thirds
majority is needed to debate a mea-
„ , sure.
abouiiH
ipleinhis «‘Right now there is no way that a
human! 1 man can be prosecuted for assault-
andlO:| ing or raping his wife,” Sen. H. Tati
nts. Sintiesteban, D-El Paso, told his
j colleagues. “This bill makes it illegal
for an individual to rape someone he
has|)een living with.”
“If it’s the wife or somebody he
tute books, to drop the provisions
for prosecuting husbands for raping
their wives.
Under Jones’ measure the term
“rape” would be replaced with “as
sault” and “aggravated assault.” He
said the terminology change would
help eliminate the degradation and
sexual connotation of the word rape.
The legislation also would elimi
nate gender references in the law
and thereby allow capital murder
charges to be pressed against a male
convicted of raping and murdering
another male.
with no discovery of minerals, the
school will lose its interest and no
money will be received by the Uni
versity. Some of the leases start
running out in 1981.
Robert M. Rutledge III, director
of the Texas A&M University De
velopment Foundation, which will
handle this gift, said the foundation
has another option — it can sell the
interest.
“The trustees of our foundation
are at this time reviewing the asset
and the possibility of production of
oil and gas in this area to determine
whether or not it would be better
for us to hold it, sell it, or hold part
of it and sell part of it,” Rutledge
said.
“An asset such as this could be
worth nothing if we didn’t sell it, or
it could be worth a fraction of the
value, or 20 times the value, de
pending on if there is any oil or gas
produced,” he added.
Williams, a 1954 graduate of
Texas A&M, gave $100,000 to the
University a year ago to be used by
the Free Enterprise Center, the
Modesta and Clayton Williams Pres
ident’s Endowed Scholarship and
the foundation.
He has directed that the income
from this latest gift be distributed to
academic programs, athletics and
student aid.
Rutledge said that when an in
come from the gift is realized, the
following distributions will be im
plemented: 50 percent to the Cen
ter for Education and Research in
Free Enterprise; 15 percent unre
stricted to the foundation; 10 per
cent for the NCCA-sanctioned ath
letic programs; 10 percent to benefit
women students; 5 percent for the
Texas Aggie Band; 5 percent for
general student financial aid, and 5
percent to The Texas A&M Univer
sity System Press.
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/ailablei
cohabits with it’s not the same pen-
altyjas if he rapes some stranger?”
asked Sen. Raul Longoria,
D-Edinburg.
M Jones said he will revise his bill,
'ieh also included provisions to
_|nate the term “rape” from sta-
meetatl^”
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