The Laws of Texas, 1923-1925 [Volume 22] Page: 92 of 1,648
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'82 SPECIAL LAWS.
SEC. 3. The trustees of said Higgins Independent School District
shall have power to levy and collect an annual ad valorem tax not
to exceed 25 cents on the $100 valuation of taxable property, for
the purpose of purchasing or constructing public free school buildings
and sites therefor, within the limits of said district. And,
said trustees shall have power to issue coupon bonds of said Higgins
Independent School District to be made payable at a date not exceeding
forty years from date, in such sum as they shall deem expedient,
to bear interest not to exceed 6 per cent per annum, provided
that when such buildings are erected of wood material, the
bonds herein provided, shall not run for a longer period than twenty
years. Provided, that the aggregate amount of the bonds issued for
the above named purpose shall never reach an amount, when a, tax
of 25 cents on the $100 valuation will not pay current interest and
provide a sinking fund. sufficient to pay the principal at maturity,
and provided further, that no such tax shall be levied and' no such
bonds issued, until an election shall have been held for the purpose
(of determining said question, whereat, a majority of the taxpaying
voters at sa'd election shall have voted in favor of the levying of
'said tax and the issuance of said bonds.
SEC. 4. The trustees of the Higgins Independent School District
shall have power to levy and collect an annual ad valorem tax, not
to exceed 50 cents on the $100 valuation of taxable property situated
in said district, less the amount levied for bonds and sinking fund
to pay bonds, that hereafter may be issued, for the maintenance of
schools, each current year. Said tax to be authorized by a vote of the
majority of the taxpayers of said school district.
SEC. 5. The trustees of said Higgins Independent School District
shall upon the passage of this Act be authorized and are hereby
authorized to call an election to determine whether or not said, tax
shall be levied and bonds issued for the purpose of purchasing or
constructing public free school buildings and sites therefor, within
the limits of said district, and for maintenance of schools in said
SEC 6. The taxes herein provided for, for bonds and for maintenance
of said schools, may be levied for the year 1909 and each
year thereafter, upon all property in said district, on the first day
of January of 1909 and first day of January each year thereafter.
SEC. 7. The trustees of said Higgins Independent School District
may invest the sinking fund raised for the purpose of paying off
bonds, in the bonds of the United States, of the State of Texas, of
counties of this State or in bonds of cities and towns and independent
school districts ef this State that have been approved by the
SEC. 8. The deficiency in the public revenues in said Higgins
Independent School District, for the support of said schools and
for the purpose of building school houses, resulting from an inadequate
tax law, creates an imperative public necessity, requiring that
the constitutional rule which provides that bills be read on three
several days be suspended, and the same is hereby suspended, and
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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/m1/92/: accessed May 29, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .