The Laws of Texas, 1925 [Volume 23] Page: 323 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. 311
tear. The court may accept either personal surety bonds or
may accept corporate surety bonds. In event corporate surety
bonds are required, the court may pay the premiums on such
bonds out of any funds available for the purpose.
SEC. 2. The commissioners' court of Cottle County, Texas,
is authorized and empowered to fund into the bonds of Cottle
County, Texas, such indebtedness of the county, chargeable
against the road and bridge fund, as existed February 15th,
1925. Items of indebtedness as of said date, in the form of
script or time warrants, either or both, may be included in such
funding bond issue. Such funding bonds may be issued by the
court, payable serially or otherwise, within a period of time not
exceeding forty years, as the court may direct, and shall bear
interest at a rate of not more than six per cent per annum,
payable annually or semi-annually, the rate and interest payment
dates to be determined by the court, in such denominations
as may be prescribed by the court. At such time as said
bonds shall be issued, it shall be the duty of the commissioners'
court to levy an annual ad valorem tax on all taxable property
within the county, sufficient to provide for the payment of interest
on such bonds and to create a sinking fund for the payment
of the principal thereof, as the same matures; and in such
cases, it shall not be necessary to submit the question of the
issuance of said funding bonds to a vote of the people. The
commissioners' court is authorized to issue said bonds in exchange
for like amounts of the outstanding script or warrants
of said county as existed on February 15th, 1925. Said bonds
when executed shall be approved by the Attorney General and
shall be registered by the Comptroller.
SEC. 3. The General Laws of the State of Texas pertaining
to roads and bridges shall be applicable in Cottle County, Texas,
wherein not in conflict with the provisions hereof. In case of
conflict the provisions of this Act shall be effective.
SEC. 4. The fact that Cottle County, Texas, does not have
an adequate special road law to effect the purpose of this bill,
creates an emergency and an imperative public necessity to the
end that the constitutional rule requiring bills to be read on
three several days in each House be, and the same is hereby
suspended, and that this Act take effect and be in force from
and after its passage, and it is so enacted.
[NOTE.-The enrolled bill shows that the foregoing Act passed
the Senate, 27 yeas, 0 nays; passed the House, 105 yeas, 0 nays.]
Approved March 16, 1925.
Effective, March 16, 1925.
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/m1/323/: accessed March 28, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .