The Laws of Texas, 1929-1931 [Volume 27] Page: 395 of 1,943
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FORTY-FIRST LEGISLATURE-FOURTH CALLED SESSION. 81
279 of the General and Special Laws of the 41st Legislature at
its Regular Session in 1929, be and the same are hereby amended,
and shall read as follows:
"Section 2a. The Commissioners' Court of Childress County
is authorized and empowered to fund any and all indebtedness
lawfully incurred for Road and Bridge purposes prior to July 1,
1930, not to exceed the amount of $15,000.00, whether the same
be current, funding or simple contract debts, and whether issued
in the form of warrants or otherwise, into bonds of Childress
County, redeemable and payable in not more than forty (40)
years from date, and the same may mature serially or otherwise
as may be determined by the Commissioners' Court, and
may bear interest at the rate of not exceeding 5n% per annum,
interest payable annually or semi-annually as may be determined
by said Court. All such funding or refunding bonds shall be in
such denomination as may seem expedient and the Court shall
provide for the levy of an annual tax upon all property within
the County to provide for interest and sinking fund; provided
that the aggregate amount of bonds herein authorized shall not
exceed the limitations provided by the Constitution of Texas;
and provided, further, that it shall not be necessary to submit
the issuance of said funding or refunding bonds to a vote of the
property taxpayers of said County.
"Section 2b. From and after the taking effect of this Act, it
shall be unlawful for the Commissioners' Court of Childress
County to issue or cause to be issued any warrant, scrip, or
other evidence of indebtedness, or to create any debt against the
Road and Bridge Fund of said County, except as authorized by
this Act, in excess of the current revenues of said County for
Road and Bridge purposes; provided that in case of great calamity,
said Court may issue warrants against the Road and Bridge
Fund in excess of the current revenues, for the purposes of repairing
roads and building bridges occasioned by such calamity,
but in no instance shall such warrants exceed the limitations
provided by the Constitution and Laws of this State; and provided
further that no warrant shall be issued for such purposes
until first authorized by order passed by said Court, and provided
further that said order shall recite fully the necessity
therefor and particularly specify the several purposes for which
said warrants are to be issued, which said order shall be spread
upon the Minutes of said Court, and shall be published at least
one time in some newspaper published in Childress County before
said warrants are issued. If no newspaper is being published
in said County, then in some newspaper in an adjoining
County nearest the County Seat of said Childress County."
SEC. 2. The fact that Childress County has a large amount
of valid Road and Bridge Warrants outstanding which can probably
be refunded by the issuance of bonds at a lower rate of interest
with a more convenient schedule of maturity, constitutes
an emergency and an imperative public necessity that the Constitutional
Rule.requiring Bills to be read on three several days
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1929-1931 [Volume 27], book, 1931; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth16362/m1/395/: accessed April 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .