The Laws of Texas, 1926 [Volume 24] Page: 482 of 1,784
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450 SPECIAL LAWS,
enty-five thousand dollars ($575,000.00), 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 contituted 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 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
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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/m1/482/: accessed April 23, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .