The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1893-05-24
>XNOPTiCAL SUMMARY or ACTS
PASSED ny the IMMORTAl
TWENTN.THIRD
Many Measures OF Moment and
Lesser Local Laws Fresh From the
Fingers OF the Faithful

as the municipal bond bill. 1t is an
act to regulate and restrict the ex.
ecution of bonds by counties, cities
and towns, presenting a method by
which all questions of irregularity
in their issuance may be determin
ed, giving a rule of evidence in
such cases, defining and provid ing
punishment for offences in connec-
ton with the issuance of such
bonds.
Section DEGREES that whenever
hereafter any city or county govern
ment authorizes the execution of
any lawful bonds, it shall at the
same time levy and provide for the
collection of tax sutfi cient to pay
the annual interest, and a sinking
fund with which to pay the iniebs
edness at maturity.
Section prohibits the sale of
any county or city bond hereafter
issued for less than its par values
with accumulated interest, exclusive
Of commissions, and places the max
imum rate of interest on such bonds
at per cent.
Section prohibits the execution
of such bonds to ma lure later than
forty years from the date Of execu-
ton.
Section makes. it necessary in
the event counties or cities shall
hereafter issue bonds, before such
bonds are offered for gale they shalt
be forwarded to the attorney gem
eral, together with certified copy of
the order or ordinance levying the
tax to pay interest and sinking,
fund.- statement of the total bond
ed indebtedness of the county, city
or town, including the proposed
series of bonds, the assessed taxable
values as shown in the last assess
ment, together with such other in
formation as the attorney general
may desire. Whereupon it shall
be the duty of the attorney general
to carefully examine said bonds in
connection with the facts and the
law, and if they are properly issued
he shall officially certify that they
are valid and binding obligations.
Section provides for the registry
IN the comptrollers department of
all such bonds, and of the attached
certificate of the attorney general.
Section declares that thereafter
in every suit in which the validity
of these bonds may be brought into
question, or in which their election
is sought, they shall, with the GER
tifcate of approval by the attorney
general and registry by the comp
troller, be held to be prina facie
valid. The only defense which
can be offered against the validity
of such bonds shall be forgery or
fraud. In case the bonds are issued
in excess of the constitutional liml-
tation they shall only be held void
to the extent of such excess.
Section 7 makes it felony pun
ishable by imprisonment for not
less than one or more than five years
if any county or municipal officer
shall forward to the attorney gen
eral any false document in order to
obtain the official certificate of this
officer.
Nothing in this act is intended to
apply to the issuance of bonds
where provisions for their issuance
have been made in whole or in part
before its passage.
This act was approved by the
governor April 80.
No. 65 restores to and confers
upon San I'atricio county the civil
and criminal arisdiction heretofore
enjoyed, and conforms the jurisdic-
ton of the district court to the
change. Approved April 2S'
No. 66. This act amends the
law which requires the bell rung
and the whistle blown on railroad
locomotives before crossing any
road or street and a full stop bs-
fore crossing an lntersecting line of
railroad. The new law provides
for the discontinuauce Of the full
stop where the intersecting roads
provide and put in operation an
interlocking switch and signal ap-
! paratus, and keep flag man IN