The Laws of Texas, 1934-1935 [Volume 29] Page: 21 of 2,086
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FORTY-THIRD LEGISLATURE-SECOND CALLED SESSION. 11
been issued and sold to the Government of the United States,
or any lending agency thereof, or when such bonds are pledged
as collateral to secure payment of any loan made by said Government
or agency thereof to any such district, shall levy taxes
in the time, method and manner now prescribed by statute on
all taxable property within the territorial limits of the water
control and improvement district, sufficient to pay the principal
*of and the interest on such bonds as the same shall become
due, and which taxes, when collected, shall be paid into the
interest and sinking fund account created for the sole purpose
of paying the principal of and the interest on such bonds, as
provided in Section 113 of Chapter 25 of the General Laws
passed by the Thirty-Ninth Legislature of the State of Texas
at its regular session in 1925; provided, however, that such
proceeds shall be paid into the maintenance fund of the said
district under the conditions and to the extent specified in Section
3 of this Act.
SEC. 3. In addition to the bond tax specified in the preceding
section of this Act, the board of directors of any such water
,control and improvement district may assess and collect charges
at the maximum amount permitted by law for the maintenance
and operation of the irrigation works and facilities of any such
district, as provided in Sections 106 and 109, of Chapter 25 of
the General Laws passed by the Thirty-Ninth Legislature at
its regular session in 1925, or as may be provided in any similar
or equivalent statutory authorization; and the board of directors
of any such district may provide also for the levy and collection
of a tax in the maximum amount permitted by law, for
the maintenance and operation of such district as provided in
Section 107 of Chapter 25 of the General Laws passed by the
Thirty-Ninth Legislature at its regular session in 1925, or as
may be provided in any similar or equivalent statutory authorization.
All the proceeds of such charges, assessments or
levies, made pursuant to said Section 106, 109 and 107 of Chapter
25 of the General Laws passed by the Thirty-Ninth Legislature
at its regular session in 1925, or under any similar or
equivalent statutory authorization, shall be paid into the maintenance
fund as required by Section 103 of Chapter 25 of the
General Laws passed by the Thirty-Ninth Legislature at its
regular session in 1925. All or part of said maintenance fund
may be irrevocably pledged as additional security for the payment
of the principal of any interest on all bonds of any such
district so issued and sold to the Government of the United
States, or to any lending agency mentioned in Section 1 of this
Act, or on all bonds of such district pledged as collateral to
secure payment of any loan made by said Government or
agency thereof to any such district, as such bonds become due
and payable, and moneys of said maintenance fund so pledged
shall accordingly be used for maintenance and operation when
and only when the principal of and interest on the bonds due
on all preceding semi-annual interest payment dates shall have
been paid in full and when the collection of taxes for the in-
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1934-1935 [Volume 29], book, 1935; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth17292/m1/21/: accessed April 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .