The Laws of Texas, 1923-1925 [Volume 22] Page: 43 of 1,648
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SPECIAL LAWS. 33
Rich]and Springs Indepenldent School District shall be authorized to
appoint a board of equalization. consisting of three resident taxpayers
of the independent school district. A part of all of the members
of the said board of equalization may be members of the board of
trustees, or they may be chosen from citizens who are not members of
the board of trustees. The said school board shall fix the time for
the meeting of the said board of equalization.
,SE. 16 Such members so sitting shall take and subscribe to an
oath kept on file by the secretary of the school board, that they will
faithfully and impartially discharge all duties incumbent upon them
by laws as such board. The said board of equalization shall be authorized
to equalize and fix the valualtlon of all real and personal
property assessed for said school district, exclusive! of any and all
other authority. It is expressly provided that said board of equalization
shall not be governed by the valuations fixed for State and
county purposes, but the county valuations may be adopted by said
board if desirable.
SEC. 17. After said board of equalization has completed its work
of equalization and fixing the valuation of property within said district.
it shall cause notices to be issued by the secretary of the school
board to all persons or corporations, whose property valuations have
been changed. citing said persons or corporations, or their representatives,
to appear before said board of equalization to show cause
why such chances should not be made. For the purpose of hearing
the objections of those so cited said board of equalization shall designate
a, time, not less than ten (10) nor more than fifteen (15) days
after adjournment of the first meeting. At such meeting after
having heard such objections such board of equalization shall make
its final decisions as to such valuations, which shall be conclusive, and
from them the assessor shall make up his annual tax rolls.
SEC. 18. The board of trustees of the said Richland Springs Independent
School District shall have the power to, levy and collect an
annual ad valorem tax not to exceed the amount prescribed by general
laws of the one hundred dollars valuation of taxable property
within the district, for' the maintenance of schools therein, and a
tax not to exceed the amount prescribed b
General Laws of one
hundred dollars valuation for the purchase of sites. and for purchase
ins. constructing. and equipping public free school buildings within
the limits of said district, provided that the amount of maintenance
tax, together with the amount of bond tax shall never exceed the
amount prescribed by law as the limit on the one hundred dollar
valuation of taxable property, such bond tax shall operate to reduce
the maintenance tax to the difference between the rate of the bond
tax and the limit prescribed by law. Said board of trustees shall
have the power to issue coupon bonds of the district for building
purposes, and for furnishing and equipping public free school buildings,
and purchasing sites therefor, to be made payable in not exceeding
forty years from their date, in such sums as they shall deem
expedient, to bear interest not to exceed six (6) per cent per annum,
provided that when such buildings are to be wooden buildings, the
bonds shall not run longer than twenty years; providing that the
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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/m1/43/: accessed October 20, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .