The Laws of Texas, 1927 [Volume 25] Page: 182 of 1,111
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166 GENERAL AND SPECIAL LAWS.
tors of said road District, at an election, to be held in said road
district on the 19th day of November, 1912, the proposition of
issuing bonds of said road district in the amount of one hundred
thousand dollars ($100,000.00) and that the order adopted by the
County Commissioners' Court of said County on the 22nd day of
May, 1925, submitting to the resident property taxpayers, who
were qualified electors of said Road District, at an election, to be
held in said Road District on the 27th day of June, 1925, the
proposition of issuing bonds of said Road District in the amount
of fifty thousand dollars ($50,000.00) and the levy of a tax upon
the taxable property therein, authorized by the constitution and
laws of Texas, to be taxed for road district purposes, to pay
interest on said bonds and provide a sinking fund for the redemption
thereof, for the purpose of constructing, maintaining
and operating macadamized, graveled or paved roads or turnpikes,
or in aid thereof, and the notice published and posted at
said election, the form of ballot used thereat, and the canvass of
the vote cast at said election as recorded in the Minutes of said
County Commissioners' Court, revealing that a two-thirds majority
of such resident qualified property taxpayers, who were
qualified electors, voting on the propositions voted in favor of
the issuance of such bonds and levy of such tax, are hereby
legalized, approved and validated.
SEC. 4. That the order or orders thereafter adopted by the
County Commissioners' Court of said County authorizing the
issuance of said bonds of said Road District, prescribing the date
and maturity thereof, rate of interest borne by the bonds and
place of payment of principal and interest, and fixing form of
bond and coupon, and providing for the levy of an ad valorem
tax upon the taxable property in said Road District, now or hereafter
authorized by the constitution and laws of Texas to be taxed
for road district purposes, sufficient to pay the interest on such
bonds and to produce a sinking fund for the redemption of the
principal thereof at maturity, are hereby legalized, approved and
validated.
SEC. 5. The sale of said bonds by the County Commissioners'
Court of said County be and is hereby legalized and validated and
such bonds so sold and delivered, and to be sold and delivered,
are hereby legalized and validated, and shall constitute the legal
obligations of said Road District, and taxes sufficient to pay the
principal of and interest upon said bonds heretofore levied upon
the valuation of taxable property in said Road District now or
hereafter authorized by the constitution and laws of Texas to be
taxed for road district purposes, according to the value of taxable
property as determined for State and County purposes, are
hereby legalized and validated; and that taxes in amount sufficient
to pay the principal of and interest upon said bonds. levied
upon the valuation of taxable property in said Road District
according to the value of taxable property therein as determined
for State and County purposes. are hereby found and fixed as
the amount to be raised in said Road District and constituted the
ba'is of such taxation. and the assessment and levy of such taxer
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1927 [Volume 25], book, 1927; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth16125/m1/182/: accessed May 2, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .