The Laws of Texas, 1925 [Volume 23] Page: 473 of 822
1 volume (multiple pagings 822 pages total); 25 cm.View a full description of this book.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
SPECIAL LAWS. 461
SEC. 8. The trustees of said Bledsoe Independent School
District shall have power to levy and collect an annual ad
valorem tax of and not exceeding the limit as is now or may
hereafter be adopted for the maintenance of public free schools
therein, and a tax of and not exceeding fifty cents on the one
hundred dollars of taxable property within said district for the
purpose of erecting, constructing, repairing and equiping, or
either of public free school buildings within the limits of said
Bledsoe Independent School District, or for the purpose of paying
the current interest and creating a sinking fund to pay the
principal of schoolhouse bonds already in existence; provided,
however, that the amount of maintenance tax together with the
bond tax of said district, shall never exceed the limit as is now
or may hereafter be adopted. Said trustees shall have power
to issue coupon bonds, of said district for building purposes, and
to equip such buildings, which bonds shall be payable not exceeding
forty years from their date, in such sums as they shall
deem expedient, to bear interest not to exceed six per cent per
annum; provided, however, that when such buildings are to be
constructed of wooden materials, the bonds herein provided for
shall not run for a longer period than twenty years; provided
that the aggregate amount of bonds for the above named purposes
shall never reach such amount that the tax of fifty cents
on the one hundred dollars valuation of taxable property within
said district shall not be sufficient to pay the current interest
and create a sinking fund sufficient to pay the principal as the
same becomes due; and provided further that no such tax shall
be levied and no such bonds shall be issued until after an election
shall have been held within said district wherein a majority
of the property taxpaying voters voting at an election to be held
for that purpose shall have voted in favor of the issuance of
such bonds or the levying of such tax, or both, as the case may
be, provided that the specific rate of tax need not be determined
at said election.
SEC. 9. The election provided for in the preceding section
hereof shall be ordered by the trustees on the petition of at least
ten property taxpaying voters of said Bledsoe Independent
School District at any time not less than thirty days from the
time of ordering the election; or said election may be ordered
by the board of trustees on their own motion and initiative
which order shall give the date when and the place where the
election shall be held, the amount of tax to be levied or the
amount of bonds to be issued, as the case may be, and the trustees
shall also name and appoint a manager of said election who
shall have authority and shall be directed to select two judges
and two clerks to assist the manager in holding the same, which
election shall be held as nearly as possible in conformity with
the General Election Laws of the State; provided that when a
proposition to levy such tax or to issue such bonds may be defeated;
no election for that purpose shall again be ordered until
after the expiration of one year. The trustees shall give public
notice of such election herein provided for by placing three no-
Upcoming Pages
Here’s what’s next.
Search Inside
This book can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Book.
Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1925 [Volume 23], book, 1925; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth15499/m1/473/: accessed April 27, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .