The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1876-08-16

own name for all money due, or TO be-
come due, TO the Board or the school
fund, and for any trespass upon, injury
to, or concession Of any Of the school
property of the city Of Dallas for the
benefit of the school fund Of the city.
No school property OF any Kind shall
be sold or conveyed by the Board ex-
cept Mt n regular meeting OF the same,
and then not without an Affirmative
vote Of Mt least twO-thirds of all the
members Of the Board.
MEETINGS.
The regular meetings Of the Board
of Public Schools will he upon the first
Monday in each month, but special
meetings may be held from Time to
time, IA circumstances may demand.
ANNUAL REPORT,
The Board, ut the close OF each
school year, will make an annual re-
port Of the progress, prosperity and
condition, financial rs well rs educa-
tiOnnl, of all tue schools under their
charge, and such portions Of said re-
port M may he considered Of adv0n-
tage to the public will be published,
either IN newspaper or in pamphlet
form.
All expenditures over one hundred
dollars must be made in accordance
with the provisions Of written com
tract.
NON,SECrARIAN.
No seCtarlan or religious doctrine
will he taught or inCulcated In any OF
the public schools Of the city.
SCHOOL PROPERTY EXEMPT FROM TAN
- ALTON.
All property held by the Board for
the use Of public schools will he eX-
empt from taxation, and shall not be
taken in any manner for amy debt due
from the city.
FINANCIAL.
Whenever it shall be necessary to
Iaisc funds TO purchase school site
| or sites, or to erect and furnish u suit
able building or buildings thereon, il
will be made lawful for the Board o.
Public Schools of the city of Dallas II
borrow money, upon which they vii
by legislation bG authorized and EN-
powered to issue, bearing II rate Of i'll
terest not exceeding ten per cent pei
annum, payable semi-annually, a
such place ~ may be mentioned upon
the face OF each bond, which LOAF
shall be paid in twenty years from tn,
time the same IL negotiated, and th'
Board Of Public Schools viii he EN-
powered by the net under which Dial
Las may he made q separate school dis
trict to sell the said bonds, hut at I
price not less than eighty-iive cent
upon the dollar. But when the who'll
number OF such 10 d5 shall reach lh'
sum OF fifty thousand dollars (S5hOOO)
no more shall Oe issued without TIT
consent of two'thrds OF the taxpayer
Of the city, this consent to be ascer
tanned by an election held for tina
purpose.
School Bonds--The bonds above
mentioned shall be signed by the pres
ldenL and clerk of the Board OF Public
Schools and countersigned by thu
treasurer, and said bonds shall specify
the rate of interest and the time whet
= the principal and interest shall b,
= paid, and each hond 50 issued shall no
be for less sum than fifty dollars.
Sinking fund--The Board Of Public
Schools in its annual estimate shal
> include o sufficient amount to pay the
intrust as it accrues on all bonds is
sued by the Board, and also, to create {
sinking fund for the redemption o
said bonds; and the City Council will
be authorized and required by the ac
under which Dallas may be make 1
separate school district to levy anC
collect the same in addition to tn,
t amounts required tor purchase of site