Bill Text: TX HR149 | 2013-2014 | 83rd Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Honoring Stewart Title Company of Houston as a recipient of the Texas Treasure Business Award from the Texas Historical Commission.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2013-01-23 - Reported enrolled [HR149 Detail]
Download: Texas-2013-HR149-Introduced.html
Bill Title: Honoring Stewart Title Company of Houston as a recipient of the Texas Treasure Business Award from the Texas Historical Commission.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2013-01-23 - Reported enrolled [HR149 Detail]
Download: Texas-2013-HR149-Introduced.html
83R5560 LB-D | ||
By: Menendez | H.R. No. 149 |
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WHEREAS, Stewart Title Company of Houston, which is | ||
celebrating its 120th anniversary in 2013, has achieved distinction | ||
for its myriad contributions to the economic growth and prosperity | ||
of Texas; and | ||
WHEREAS, Originally known as Stewart Law and Land Title | ||
Office, the company traces its beginnings to 1893, when attorney | ||
Maco Stewart purchased Gulf City Abstract Company in Galveston; in | ||
1905, Mr. Stewart and his brother, Minor, offered the first title | ||
insurance to be sold in Texas; as the state grew, so did the need for | ||
accurate land documentation, and the company played a major role in | ||
the development of the title industry; Stewart Title Guaranty | ||
Company was the first firm authorized to write title insurance in | ||
Texas, and it soon opened offices in many major cities around the | ||
state; and | ||
WHEREAS, In 1956, Stewart Title began its expansion across | ||
the nation; the holding company Stewart Information Services | ||
Corporation was formed in 1970, and two years later it began trading | ||
publicly on the New York Stock Exchange; by the 1990s, the company | ||
had more than 2,700 branches and a presence in all 50 states; the | ||
firm has repeatedly appeared in Forbes magazine's list of top | ||
performing big companies, and in 2012 it was the only title company | ||
to be named by Forbes as "One of America's Most Trustworthy | ||
Companies"; and | ||
WHEREAS, Stewart Title has long been a leading corporate | ||
citizen in its home state; the business supports myriad community | ||
initiatives, charitable organizations, educational programs, and | ||
first-time homebuyer assistance efforts across Texas; and | ||
WHEREAS, The Texas Historical Commission recognized Stewart | ||
Title Company in 2007 with its Texas Treasure Business Award, an | ||
accolade that pays tribute to those enterprises that have been in | ||
continuous existence for at least half a century; and | ||
WHEREAS, Stewart Title Company has built an outstanding | ||
record over the course of its 120-year history, and it continues to | ||
play a vital role in the Lone Star State by stimulating economic | ||
growth, providing employment, and contributing to civic endeavors; | ||
now, therefore, be it | ||
RESOLVED, That the House of Representatives of the 83rd Texas | ||
Legislature hereby honor Stewart Title Company as a Texas Treasure | ||
Business Award recipient and commend the company for the notable | ||
part it has played in advancing the development of the Lone Star | ||
State; and, be it further | ||
RESOLVED, That an official copy of this resolution be | ||
prepared for Stewart Title Company as an expression of high regard | ||
by the Texas House of Representatives. |