Bryan daily eagle and pilot. [volume] (Bryan, Tex.) 1909-1918, 1911-05-25

and place or places of holding such
election; provided no such election
shall be held at any time less than
thirty days from the time OF making of
the order ordering the election. The
manner Of holding said election shall
be governed by the general laws of
the state when not in conflict with the
provisions OF this act, and the returns
of said election shall be made as now
provided by law for making returns Of
elections held for the purpose of de-
termining whether or not such bonds
shall be issued.
Sec. 5. If, after the result of SAID
election Is known, 1t shall appear to
the commissioners court of the county
in which said election was held that
two-thlrds majority of the votes cast
at such election were in favor OF the
issuance of bonds, it shall be the duty
of said commissioners court, as soon
thereafter as practicable, to issue said
bonds on the faith and credit of said
county, or of said political subdivision
or defined district, now or hereafter
to be described and defined within the
state Of Texas, and which may or may
not include towns, villages or NUM-
cipal corporations Of the county, as
the case may be, which said bonds
shall run not less than twenty nor
more than forty years, with such OPP
ton of redemption as may be fixed by
the commissioners court, and said
bonds shall not bear more than 51a
per cent interest per annum, and
which bonds shall be examined by the
attorney general of Texas and regis.
tered by the comptroller of public ac.
counts Of Texas. Such bonds, when so
issued. shall continue in the custody
Of ana under the control of the COM
missioners' court of the county in
which they were issued, and shall be
by said court sold to the highest and
best bidder for cash, either in whole
or in parcels, at not less than their
par value. and the purchase money
therefor shall be placed in the county
treasury of such county to the credit
of the available road fund of such
county, or of such political subdivision
or defined district of such county, as
the case may be. Such funds shall be
paid out by the county treasurer upon
warrants drawn on such funds issued
by the county clerk of the county,
countersiged by the county judge,
upon certihc accounts approved by the
commissio court Of the county
when such funds belong TO the entire
county, and when such funds belong
to a political subdivision or defined
district of a county, such funds shall
be paid out by the county treasurer
upon warrants issued by the county
clerk upon certified accounts of the
road superintendent of such road dis,
trict and approved by the commission
ers' court of the county. The general
laws of Texas relative to county bonds
not in conflict herewith shall apply to
the issuance. approval, registration
sale and payment of the bonds herein
provided for.
Sec. 6. Before said road bonds shall
be put on the market the county com
mis- sioners court of the county in
which such election was held shall
levy a tax sufficient to pay the inter.
est on such bonds, and to produce a
sinking fund sufficient to pay the
bonds at maturity, and providing fur
Their that said tax herein authorized
shall be assessed and collected in the
same manner as now provided by law
for the assessment and collection OF
other road taxes, if for a whole coun-
ty, and If for a political subdivision
or other defined district of county
then it shall be assessed and collected
as is now provided by law for the as.
sessment and collection Of common