The Laws of Texas, 1926 [Volume 24] Page: 414 of 1,784
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382 SPECIAL LAWS.
of issuing bonds of said road district in the amount of
five thousand dollars ($5,000.00), and the levy of
a tax upon the taxable property 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 for 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 consti-
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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/m1/414/: accessed April 25, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .