The Laws of Texas, 1923-1925 [Volume 22] Page: 95 of 1,648
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SPECIAL LAWS. 85
except levying taxes and ordering bond elections, when two-thirds
of the trustees shall constitute a quorum; and they shall choose
from their number a president; and they shall choose a secretary,
a treasurer, and an assessor and collector of taxes and other necessary
officers and committees.
SEC. 8. The trustees of said district shall have power to levy
and collect an annual ad valorem tax of and not exceeding the limit
as now provided by law or as may hereafter be adopted, for the
maintenance of the public free schools therein, and a tax of and
not exceeding the limit as now fixed by law or as may hereafter be
adopted on all the taxable property in said district for the purpose
of erecting, constructing, repairing and equipping, or either, of
public free school buildings within the limits of said district and
of purchasing sites therefor; provided, however, that the amount
of maintenance tax, together with the bond tax of said district,
shall never exceed the constitutional limit as now fixed or as may
hereafter be adopted. Said trustees shall have power to issue
coupon bonds of said district for building purposes. and equip
such buildings, which bonds shall be payable not exceeding forty
years from their date, in such sums as they shall deem expedient,
and to bear interest not to exceed five per cent per annum: provided:
however, that when such buildings are to be constructed of
wooden materials, the londs 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 permitted by law to he voted for such
purposes on the taxable property within said independent school
district shall not be sufficient to pay the current interest and create
a sinking fund sufficient to pay the principal at maturity, 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 tax paying voters
voting at an election to be held for that purpose shall have voted
in favor of the levying of the tax or the issuance of such bonds,
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 twenty
property tax paying voters of said independent school district at
any time not less than thirty days from the order of election: or
said election may be ordered by the board of trustees on their own
motion and initiative, which order shall state the date when and
the place where the election shall be held; and the amount of tax
to be levied, or the amount of bonds to be issued, or both, as the
case may be, and the trustees shall also name and appoint therein
a manager or managers of election, which election shall be held
as nearly as may be 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
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1923-1925 [Volume 22], book, 1925; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth15500/m1/95/?rotate=270: accessed April 23, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .