Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1899-07-29
Road and Bridge Bonds and
Special Tax Levy.

inquiry having Dtth ulhue Vi
the EAGLE regarding the bridge
bond issue recently ordered by the
county commissioners court, and
also regarding the special tax levy
for road and bridge improvement,
we give below the order of the
court relating 10 the bonds aud
also an explanation Of the special
tax proposition as We understand il:
Under date of July Z, 1899, the
county commissioners made the
following order:
II is os1ered by the county COM
missioner court Of Brazos county,
that for Re purpose Of construct
ing bridges for public purposes
within said county, and across
streams constituting boundary
lines Of said county, there be issued
thirty bonds If said county OF the
denomination Of $500 each, to be
signed = the county judge Of said
countyIaud countersigned by the
county clerk and registered by the
county treasurer, said bonds to be
dated April 10, 1899, and to run
twenty years from date, redeema-
BILE at pleasure Of said county at
any time after ten years from date
and u bear interest from date at
the rate Of per cent per annum
payable annually on the 10th day
day Of April OF each year during
the time they are outstanding, for
which interest coupons are to be
attached TO said bonds; said bonds
70 be designated Brazos comfy
bridge bonds, class "A, and TO be
numbered from one to thirty in
elusive, and both principal and in
terest payable at the Office Of the
county treasurer of said county Of
Brazos in lawful money Of the
| United States Of America; and,
whereas, at the regular term Of
said county commissioners, on the
second Monday in February, 1899,
/ by an order then made there was
levied tag for road and bridge
purposes Of IS cents on the 500
Of taxable values of said. county,
it is hereby and now ordered that
the sum Of 4 cents on the 500 Of
taxable values be. and the same Is
hereby set aside and appropriated
out Of said levy OF 10 cents aiore-
|, said, 60 pay interest on ant create
a sinking fund for the redemption
OF said boHds hereby ordered issued
and that the same be 80 appropri-
| ated and set aside during the time
said bonds remain outstanding.
From the above it will be seen
! that provision is made for the bond
4 issue independently of the special
3 tax levy, which j. another consid-
Grafton altogether. II the people
, should vote for an additionay II
= cents levy it would 20 to the ragu.
lar road and bridge fund Of the
county and be used for the gen.
eral improvement Of the roads and
bridges. The EAGLE learns that
: this fund il now $1,000 or more in
debt with only cents Of the regu.
> lar l5-cent road and bridge levy t.
keep it up and pay this floating
: debt. Four cents Of the regular
= levy is set aside 10 pay interest and
provide a sinking fund for S200W
i forty year bonds issued by Ia,
. previous administration, and four
cents more Of the fund il SET asid,
:, for the new bonds, leaving 7 cents,
3 as above stated. To replenish thii
q fund, which is inadequate, anC
provide for further road and bridg,
p improvement, it has been sug
gesteI that the special levy Of Il
cents be made, but before this car
be done it will have to be submit
e ted TO a vote Of the people.