Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-03-29

LEGAL ADVERTISEMENT
maturing March Is, 1858: bonds
! number 81 to SO, inc, maturing
March Is, 1854; bonds number 40 to
AZ, inc, maturing March Is, 1855;
bonds number 43 to as, inc, matur-
ing March Is, 1856; bonds number
AZ to so, inc, maturing March ID,
1857; bonds number 81 to 81, inc,
maturing March Is, 1858; bonds
number SIS to So, inc, maturing
March Is, 1859; bonds number SO to
So, inc, maturing March ID, 1860;
bonds number ga to So. inc, ma
turing March Is, 1861: bonds num-
Der SO to Is, inc, maturing March
Is, 1862; bonds number IA to rs, inc,
maturing March Is, 1868; bonds
number 70 to 81, inc, maturing
March Is, 1864; bonds number IS to
80, inc, maturing March Is, 1865,
bonds number 81 to 81, inc, matur-
ing March Is, 1866: bonds number
SO to 104, inc, maturing March Is,
1867. bonds number los to 112. inc,
maturing March Is, 1868; and bonds
number 113 to 40, inc, maturing
March is. 1869; the said order so
entered setting forth fully and in
detail the number, the date of ma
turity, denomination, and the total
amount of bonds due each year;
and also setting fort ha copy of said
bonds, and the coupons attached
thereto. And it was further pro-
vided in said order that said bonds
should bear interest from their dates
| ar the rafo nf civ nor nnnf nor
annum, payable Semi-annually lex
cept that the first interest coupons
shall be for IL months intereSt) on
the 18th day of March and Septem-
Der of each year, after date. And
that the principal and interest On
said bonds should be payable on
presentation and surrender of bonds
and the proper coupons. at the Sea-
board National bank Of New York
City, New York; and further that
said bonds should be signed by the
president and attested by the secre-
tary of the board of directors of
said district, and the seal of said
district should be affixed thereto;
provided, however, that the sigma
lures of said president and Secre-
tary may be printed or autographed
on said coupons, and that said bonds
shall be registered by the comp
troller of public accounts of the
State of Texas, as required by law
and that a record of said bonds is
sued should be kept by the county
clerk Of Cameron County. Texas, as
required by law; and it was further
ordered that to pay the interest on
I coId hOnGc ond IN rranf4 n esx,1r5~~
fund for the redemption of said
bonds at their maturity, there
should be annually levied, assessed
and collected an ad yalorem tax up
on all of the taxable property sit
uated within said district, real, per-
scnal and mixed, sufficient to pro-
duce amounts necessary to pay the
interest and principal on the bonds
maturing each year, the said order
so entered showing in detail the
amounts necessary to be raised to
pay interest and the principal of
said bonds maturing each year; and
Tor the purposes mentionedSaid
board levied for each of the years
1879 to 1868, both inclusive, an adj
valorem tax of $2.11 on each 500
valuation of all taxable property in
said district, or so much thereof as
might be necessary to provide the
amounts specified in said order, and
provisions to meet the requirements
thereof, should be in due time, man.
ner and season, annually thereafter
MADE; and 1t was further provided
by said order, that the proceeds of
taxes thereinbefore levied, as set
out, should be preserved in a separ-
ate fund, to be designated as an
Interest and Sinking Fund" and
that no part of the proceeds of said
tax should be applied or used for
any other purpose than the paw
ment of principal and interest of
the bonds authorized to be issued. or
until all of the said bonds and cou-
ponS have been paid and cancelled:
and further provided that there
should be annually levied, assessed
ana collected an advalorem tax up-
on all OF the taxable property sit
uat7d within said district. suffici-
ent TO pay the expenses Of assessing
and collecting said tax for principal
and interest, and said board levied
and assessed for the year 1929 an
advalorem tax of five cents on each
S1UO valuation of all of the tax
able property within said district.
the same to be applied to the pur-
poses named, as the law directs. i. e..
Tor the purpose of paying the ex-
penSeS OF assessing and collecting
said taxes for the payment of prin-
clpal and interest on said bonds
and being in addition to the tax of
SILL per 500 avluation, previous
ly levied for that purpose; which
said board of directors. herewith
filed and here referred to and made
10 and made part hereof.
Your petitioner alleges that all
OF the acts, conditions and things
requisite and necessary to be done
IN the creation Of your petitioner
a Water improvement District. and
connection with the issuance or
said Bonds and levy Of taxes in
payment therefor, and the levy of
an additional tax to defray the ex-
penses Of collecting the taxes lev
LED Tor The payment of interest and
principal OF said bonds have been
done, happened and performed in
regular and due form. and in the
manner required by the Constitu-
ton and laws of the State of
Texas; and that the total amount
OF said Series of Bonds, together
with all other Indebtedness of said
district, and the taxes levied, do
not exceed the Constitutional and
Statutory limitation.
Your petitioner represents that
the Statutes and Laws hereinbe-
fore referred to, authorizing tbs
creation and establishing of water
improvement districts, the man.
| o0ornonf ond no,froI kL1~1- -