The Laws of Texas, 1925 [Volume 23] Page: 459 of 822
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SPECIAL LAWS. 447
shall operate to reduce the maintenance tax to the difference between
the rate of the bond tax and one dollar.
Said board of trustes shall have the power to issue coupon
bonds of the district for building purposes, and for furnishing
and equipping public free school buildings, and purchasing sites
therefor, to be made payable in 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 that
when such buildings are to be wooden, the bonds herein provided
for shall not run for a period longer than twenty years;
provided that the aggregate amount of bonds issued for the
above named purpose shall never reach an amount that the tax
of fifty cents on the one hundred dollars valuation of taxable
property within the district will not pay current interest and
provide a sinking fund sufficient to pay the principal at maturity.
And provided, further that no such tax shall be levied and
no bonds issued until after an election shall have been held,
wherein a majority of the tax paying voters voting at such an
election shall have voted in favor of the levying of such tax, or
the issuance of said bonds, or both, as the case may be. Provided
that the specific rate of tax need not be determined in the
election.
SEC. 21. All tax elections held under the provisions of this
Act either for maintenance or bonds shall be ordered by the
board of trustees of the district, and shall be held on some secular
day not a legal holiday, within forty days after the date of
ordering such election of which thirty days prior notice shall
be given by the board of trustees by written notice duly posted
.at three public places within said district, or by publishing in
some newspaper published within said district.
SEC. 22. Where a sufficient sum of money is available for
the purposes as herein provided, arising from the sale of said
bonds as herein provided, the board of trustees shall proceed
forthwith to purchase therewith such building sites, and erect
thereon, furnish and equip all such needed school buildings in
said district as the accumulated funds thus obtained' will be sufficient
to pay for, and the board of trustees may adopt such
methods in the premises as they may deem best calculated to
secure the best value for the money to be invested for the purposes
aforesaid.
SEC. 23. All taxes levied and assessed under this Act, shall
be due and payable on or before the last day of January of each
year next after the date of such levy and assessment.
SEC. 24. To facilitate the prompt collection of taxes and to
effectually avail itself of the lien therefor upon any property
delinquent, the board of trustees may, in its discretion, waive
the regular proceedings prescribed by General Law for the enforced
collection of taxes and adopt the extraordinary remedy
of a direct suit therefor against the owner or owners of the
property delinquent and for the foreclosure of the lien, in the
form of suit for debt and foreclosure according to the statutory
form and rules of procedure in such cases, obtaining services
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1925 [Volume 23], book, 1925; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth15499/m1/459/: accessed April 19, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .