The Laws of Texas, 1926 [Volume 24] Page: 498 of 1,784
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466 SPECIAL LAWS,
on 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 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
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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/m1/498/: accessed April 19, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .