The Laws of Texas, 1926 [Volume 24] Page: 309 of 1,784
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SPECIAL LAWS. 277
therein 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 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. That sale of said bonds by the county commissioners'
court of said county is hereby legalized and validated and such
bonds so sold and delivered are hereby legalized and validated,
and constituted 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 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 basis of
such taxation, and the assessment and levy of such taxes is hereby
legalized and said taxes in an amount sufficient to pay the
principal of and interest upon said bonds, now outstanding, shall
be annually levied and assessed by the county commissioners'
court of said county upon the value of taxable property in said
road district as fixed for State and county taxes, and the power
to levy such annual general ad valorem taxes is hereby expressly
delegated to said commissioners' court.
SEC. 6. That said orders, and all other orders adopted by
said county commissioners' court in respect of said road
district, bonds and taxes, as the same appears upon the
records of said court, or copies thereof duly certified, are
hereby constituted legal evidence of such orders, and shall be
authority for said court to annually levy, assess and collect taxes
in an amount sufficient to pay the principal of and interest
upon said bonds as the same mature and become due, such taxes
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1926 [Volume 24], book, 1926; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth16124/m1/309/: accessed April 19, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .