The Laws of Texas, 1925 [Volume 23] Page: 95 of 822
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SPECIAL LAWS. 83
and three trustees shall be elected for a term of two years, to
succeed the trustees whose terms shall at that time expire.
SEC. 6. Before any trustee enters upon the discharge of the
duties of his office, he shall qualify by taking and subscribing
the oath of office provided by the Constitution of this State,
which oath after the first election shall be filed with the county
judge of Lynn County, Texas, and after all subsequent elections
with the president or chairman of the board of trustees of said
New Home Independent School District.
SEC. 7. The trustees chosen under this Act shall meet within
ten days after election, or as soon thereafter as may be practicable,
for the purpose of organizing. A majority of said board
of trustees shall constitute a quorum for the transaction of any
business, except levying taxes and ordering bond elections, when
two-thirds of the trustees shall constitute a quorum; and they
shall choose from their number a president; and they shall
choose a secretary, a treasurer, and an assessor and collector
of taxes and other necessary officers and committees.
SEC. 8. The trustees of said district shall have power to levy,
assess and collect an annual ad valorem tax of and not exceeding
the constitutional limit as now fixed or as may hereafter be
adopted, for the maintenance of the public free schools therein,
and a tax of and not exceeding fifty cents on the one hundred
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 district,
and of purchasing sites therefor; provided, however, that the
amount of maintenance tax, together with the bond tax of said
district, shall never exceed the constitutional limit as now fixed
or as may hereinafter be adopted. 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, and to bear interest not to exceed six 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 of twenty-five cents 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 residing in said
district, voting at an election to be held for that purpose shall
have voted in favor of the levying of the said 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
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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/m1/95/: accessed January 22, 2018), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .