General and Special Laws of The State of Texas Passed By The Third Called Session of the Fifty-Seventh Legislature and the Regular Session of the Fifty-Eighth Legislature Page: 17
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LAKESIDE WATER SUPPLY DISTRICT
of Chapter 25, Acts of the 39th Legislature, passed in 1925, and amend-
ments thereto, as incorporated in Title 126, Chapter 3A of Vernon's Civil
Statutes of the State of Texas, and amendments thereto. Upon the effective
date of this Act, the following named persons shall be and constitute the
Board of Directors of said District: P. A. VINES, VERNON E. EVANS, C.
B. NEWMAN, PERCY CARPENTER, and J. B. NELSON, and each of said
Directors shall subscribe to the constitutional oath of office and give
bond for the faithful performance of his duties in the amount of Five
Thousand Dollars ($5,000), within sixty (60) days after the effective
date of this Act, the cost of which shall be paid by the District; and shall
hold office until his successor has been elected and qualified. Should
any of the named Directors refuse to act or for any reason shall fail to
qualify as herein required, the County Judge of Bosque County shall fill
such vacancy. The terms of the first two (2) named Directors shall expire
on the first Tuesday in May 1964 and the terms of the last three (3) named
Directors shall expire on the first Tuesday in May 1965. A regular elec-
tion for the election of Directors shall be held on the first Tuesday in
May of each year beginning in 1964. Two (2) Directors shall be elected
in even-numbered years and three (3) in each odd-numbered year. The
regular elections for Directors shall be ordered by the Board and such
order shall state the time, place, and purpose of the election and the Board
shall appoint the presiding judge who shall appoint an assistant judge
and two (2) clerks, if needed, and such election shall be ordered at least
fifteen (15) days prior to the date of said election and notice of said
election shall be published in a newspaper of general circulation in Bosque
County one (1) time at least ten (10) days before the election. All vacan-
cies in office (other than for the failure of an original Director to qualify
as hereinabove provided) shall be filled by majority vote of the remaining
Directors and such appointees shall hold office for the unexpired term for
which they were appointed. No Director shall be entitled to receive any
fees of office as a Director but shall be entitled to receive his actual ex-
penses incurred in attending to District's business, provided such fees and
expenses are approved by the Board. Any person who is an owner of real
property in the District shall be eligible to hold the office of Director of the
District. The Board of Directors shall elect from its number a president
and vice-president of the District, and such other officers as in the judg-
ment of the Board are necessary. The president shall be the chief execu-
tive officer of the District and the presiding officer of the Board, and shall
have the same right to vote as any other Director. The vice-president shall
perform all duties and exercise all power conferred by this Act upon the
president when the president is absent or fails or declines to act.
Sec. 6. May Issue Bonds. For the purpose of purchasing, acquiring,
constructing or improving a surface or underground water supply and
water distribution system or for the purpose of constructing or improving
a sanitary sewer system including collecting and disposal facilities or for
the purpose of carrying out any other power or authority, conferred upon
the District by this Act or by the General Laws incorporated herein, or
for any combination of such purposes, the District is specifically authorized
to issue its negotiable bonds. Such bonds shall be secured by and payable
from net operating revenues of the District or by the net revenues of
any one or more contracts hereafter made or other revenues as specified
in the resolution authorizing their issuance. No election shall be required
to authorize the issuance of such bonds. In the resolution authorizing
the issuance of bonds the Board of Directors may reserve the right under
the conditions therein specified, to issue additional bonds on a parity
with or subordinate to the bonds being issued. The term "net operating
revenues" or "net revenues" as used herein shall be understood to include
17Ch. 13
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Texas. Legislature. General and Special Laws of The State of Texas Passed By The Third Called Session of the Fifty-Seventh Legislature and the Regular Session of the Fifty-Eighth Legislature, legislative document, 1963; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth221759/m1/353/?q=+date%3A1945-1972: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.