The Laws of Texas, 1913-1914 [Volume 16] Page: 406 of 1,574
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396 GENERAL LAWS.
nated or directed by said court, and when so corrected, the judgment
of the district court shall he rendered showing that said corrections had
been made, and that the bonds issued thereunder are binding obligations
upon said district. And thereafter the judgment, when so finally made
and entered, shall be received as res adjudicata in all cases arising in
connection with the collection of said boards or any interest due thereon,
and as to all matters pertaining to the organization and validity of said
district.
SEC. 64. After the making and entry of the judgment of the district
court, as hereinbefore provided, the clerk of said court shall make a
certified copy of such decree, which shall be a part of the orders and
decrees connected with such election, and said court decree shall be filed
with the Comptroller of Public Accounts, and to be by him recorded in
a book kept for that purpose, and said certified copy, or a duly certified
copy of said record made by the Comptroller shall be received in evidence
in all litigation thereafter arising which may affect the validity of such
bonds, and shall be absolute evidence of such validity.
SEC. 65. Upon the presentation of said bonds, together with a certified
copy of the decree of the district court, as provided for in the preceding
Article, the Comptroller shall register said bonds, together with a. certified
copy of the judgment, as herein provided for, in a book to be provided
for that purpose, and shall attach to each of said bonds a certificate
of the fact that the decree of the district court as required by this Act
has been filed with him in his office; such certificate to be signed by him
officially, and the seal of his office attached thereto.
SEC. 66. Before the issuance of any bonds under the provisions of
this Act, the county commissioners court in which said district is situated,
in whole or in part, shall provide a well bound book in which a
record shall be kept by the county clerk of all bonds issued, with their
numbers, amount, rate of interest, date of issue, when due, where payable,
and the annual rate per cent of tax levy made each year to pay the
interest on said bonds, and to provide a sinking fund for their payment,
and said book shall at all times be open to the inspection of all parties
interested in said district, either as taxpayers or bond holders. and upon
the payment of any bond an entry shall be made in said book, showing
such payment, and the secretary of such irrigation district shall furnish
to the county clerk certified copies of all orders made in connection with
the issuance and levy and assessment of taxes for the payment of interest
and creating a sinking fund for the final payment of such bonds. The
county clerk shall receive for his service in recording all instruments of
the irrigation district required to he recorded the same fees as are provided
by law for other like service.
SEC. 67. After the issuance of said bonds, and after the registration
by the Comptroller of Public Accounts for the State of Texas, as provided
by this Act, the Board of Directors for such district shall offer
for sale and sell said bonds on the best terms and for the best possible
price, but none of said bonds shall be sold for less than the face value
thereof and the accrued interest thereon, and as fast as said bonds are
sold, all moneys received therefrom shall he immediately paid over by
the Board of Directors to the depository for said district. Provided,
however, that the Board of Directors may exchange bonds for property
to be acquired by purchase under contract, or in payment of the contract
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1913-1914 [Volume 16], book, 1914; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth10838/m1/406/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .