The Laws of Texas, 1923-1925 [Volume 22] Page: 18 of 1,648
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8 SPECIAL LAWS.
resoluticn, for the taxes of said district to be assessed and collected
by the city assessor and collector, or to have the school taxes of said
district assessed and collected by an assessor and collector appointed
by the board of trustees.
SEC. 6. The trustees of said district shall have po\ler to levy and
collect an annual ad valorem tax of not exceeding thi' limit as now
provided by law or as may hereafter be adopted, for the maintenance
of the public free schools therein, and a tax of not exceeding the
limit as now fixed by law or as may hereafter be adopted, on all the
taxable property in 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 plrrchasing 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 hereafter 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
cent per annum; provided, however, that when such buildings are
to be constructed of wcoden materials, the bonds herein provided
for shall not run for a longer period than twenty years; provided,
the aggregate amount of bonds for the above named purposes shall
never reach such amount that the tax permitted by law to be voted
for such purposes on the taxable property within said independent
school 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 at an election to be 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 tax
rate need not be determined at said election.
SEC. 7. The election provided for in the preceding Section hereof
shall be ordered by the trustees on the petition of at least twenty
property tax paying voters of said independent school district at
any time on a secular day not a legal holiday, not less than thirty
days from the order of election; or said election may be ordered by
the board of trustees on their own motion. and initiative, which order
shall state the date when and the place where the election shall be
held: and the amount of tax to be levied, or the amount of bonds to
be issued, or both, as the case may be, and the trustees shall also
name and appoint therein a manager or managers of election, which
election shall be held and returns made thereof as nearly as mat
possible in conformity with the general election laws of th iState:
provided, that when a proposition to levy such tax or to issue spich
bonds may be defeated, no election for that purpose shall again be
ordered until after the expiration of one year. The trustees shall
give public notice of the elections herein provided for in the manner
now prescribed by law, and the general election laws of the State of
Texas applicable to voting of taxes and bonds in independent school
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1923-1925 [Volume 22], book, 1925; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth15500/m1/18/: accessed April 26, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .