The Laws of Texas, 1925 [Volume 23] Page: 73 of 822
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SPECIAL LAWS. 61
two-thirds of the trustees shall constitute a quorum; and they
shall choose from their number a president; and they shall also
choose a secretary, a treasurer, and assessor and collector of
taxes and other necessary officers and committees.
SEC. 8. The trustees of said Coble Independent School District
shall have power to levy and collect an annual ad valorem
tax as is or may be provided by law for the maintenance of the
public free schools therein and a tax of not exceeding the constitutional
limit as now fixed or may hereafter be adopted, on
the one hundred ($100.00) dollars of taxable property within
said district for the purpose of erecting, constructing, repairing,
and equipping or either of public free school buildings
within the limits of said Coble Independent School District,
and of purchasing sites therefor said trustees shall have power
to issue coupon bonds of said district for building purposes, and
to equip such buildings which bonds shall be payable not exceeding
forty years from their date, in such sums as they shall
deem expedient, to bear interest not to exceed five per centum
per annum; provided, however that when such buildings are to
be constructed of wooden materials, the bonds herein provided
for shall not run for a longer period than twenty years; provided
that the aggregate amount of bonds for the above named
purposes shall never reach such amount that the tax as now
fixed by law or as may hereafter be adopted on the one hundred
dollars valuation of taxable property within said district, shall
not be sufficient to pay the current interest and create a sinking
fund sufficient to pay the principal at maturity; and provided
further that no such tax shall be levied and no such bonds shall
be issued until after an election shall have been held within said
district wherein a majority of the property tax paying voters
voting for an election held for that purpose shall have voted in
favor of the levying of the tax or the issuance of such bonds,
or both, as the case may be; provided that the specific rate of
tax need not be determined at said election.
SEC. 9. The election provided for in the preceding section
hereof shall be ordered by the trustees on the petition of at least
ten property tax paying voters of said Coble Independent School
District, at any time not less than thirty days from the order
of election; or said election may be ordered by the board of trustees
on their motion and initiative, such order shall state the
date when and the place where the election shall be held, the
amount of tax to be levied, or the amount of bonds to be issued,
as the case may be, and the trustees shall also name and appoint
therein a manager or managers of such election which shall be
held as nearly as may be possible in conformity with the General
Election Laws of this State; provided, that when a proposition
to levy such tax or to issue bonds may be defeated, no
election for that purpose shall be ordered until after the expiration
of one year. The trustees shall give public notice of the
election herein provided for by placing notices of the same in
three public places in said incorporated district at least twenty
days before the election, which notices shall state the time and
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1925 [Volume 23], book, 1925; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth15499/m1/73/: accessed October 23, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .