Tex. Rev. Civ. Stat. Ann. art. 1524f
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.
Acts 1932, 42nd Leg., 3rd C.S., p. 107, ch. 42, Sec. 5.