The Laws of Texas, 1926 [Volume 24] Page: 37 of 1,784
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SPECIAL LAWS. 5
quent to the consolidation election held in said districts on the'
12th day of September, 1925, and pertaining to the consolidation
of said common school districts and said independent school district
and the formation of said Tabasco Consolidated Independerlt
School District, are hereby in all things validated.
SEC. 7. That said Tabasco Consolidated Independent School
District shall have and exercise, and is hereby vested with all
the rights, powers and privileges of a town or village incorporated
under the General Laws of the State of Texas for free
school purposes only, and the board of trustees of said consolidated
district shall have and exercise and is hereby vested with
all the rights, powers and privileges conferred and imposed by
the General Laws of this State upon the trustees of independent
school districts, including the right and power to levy taxes
and to issue bonds for said district for the purposes for which
bonds are authorized under the General Laws, but said district
shall not be subject to the limitation provided by the General
Laws upon the rate of maintenance and bond taxes, but said
Tabasco Consolidated Independent School District shall have the
right and power to levy taxes at the rate of not exceeding, for
any one year, one and one-half (11/2) per cent of the total assessed
valuation of all taxable property within said consolidated
district for the purpose of the maintenance of the public free
schools within said district, and for the purpose of the payment
of all necessary expenses, salaries, contracts and insurance premiums,
of whatsoever character, as are and may be deemed advisable
and expedient by the board of trustees of said district
for the benefit and best interests of said district and the public
free schools therein; and, said Tabasco Consolidated Independent
School District shall have the right and power to levy
taxes at the rate of not exceeding, for any one year, one and
one-half (1/2) per cent of the total assessed valuation of all
taxable property within said consolidated district for the purpose
of paying the current interest on and to provide a sinking
fund or funds sufficient to pay the principal of any and all
bonds issued and to be issued by said consolidated district for
the purpose of purchasing, constructing, repairing and equipping
public free school buildings within said district and purchasing
sites therefor; provided, however, that the aggregate
amount of maintenance tax together with the bond tax of said
district shall never exceed, for any one year, one and one-half
(112) per cent of the total assessed valuation of all taxable property
within said consolidated district; and provided further,
that before any maintenance taxes or bond taxes may be levied,
such maintenance and bond taxes shall be or shall have been
previously authorized by a vote of a majority of the qualified
resident property taxpaying voters of said district, voting at an
election to be held or having been held for the purpose within
said district; and it is further provided that whenever the total
rate of bond tax necessary to pay the current interest on and
provide a sinking fund or funds to redeem all bonds authorized
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1926 [Volume 24], book, 1926; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth16124/m1/37/: accessed April 20, 2018), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .