Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-11-02

board National Bank OF New York
City, New York; and further THAI
said bonds should be signed by the
President and attested BY the Sec
rotary on Cine Board of Directors uf
said district, and the seal uf said
district should be affixed thereto.
provided, however, that the sigma
lures OK said President and Secre-
tary may be printed o. ~hthograDned
ON said coupons. and that said
bonds shall be registered by Tile
Comptroller OF Public ACCOUNTS on
the State Of Texas O. required hy
law, and THAT IN record Of said bonds
issued 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
said bonds and TO create a sinking
fund for the redemption Of said
bonds at their maturity. there should
be annually levied assessed and
collected ann ad vnlnrem tax upon
all on the taxable property situated
within said district. real. personal
and mixed. sufficient tD produce
amounts necessary I'd pay the in
terest 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 mentioned said
Board levied for each OF the wears
1929 To 1868. both inclusive, an ad
valorem tax OF Sf.56 on each $4,000
valuation RI all taxable property in
said district, or Su much thereof nS
might be necessary 70 provide the
amounts specified in said order,
and provisions t0 meet the require
ments thereof. should be III due
time, manner and season, annually
thereafter made. and ID was fur
Their provided by said order. that the
proceeds Of taxes thereinhef0re lev
led. as set out. should be preserved
In q separate fund, to be DESIGNATED
as an Interest and Sinking Fund"
and that no part 0f the proceeds 0f
said tax should be applied or used
Tor any other purpose than the pay
ment on principal and interest of
the Bonds authorized To be issued.
or until all OF the said bonds and
coupons have been paid and an
celled. and further provided that
there should be annually levied. as
SesSed and collected am INCL valnrem
tax upon nll Of the taxable property
situated within said district. sufff-
Gent 90 paw the expenses OF ASSESS
ING and collecting said tax for prin-
cipal and interest, and said Board
levied and assessed for the year
1929. an INCL val0rem tax on five cents
on each $4,000 valuation or all az
the taxable property within said dis
trict- the same 40 he applied to the
purposes named. as the law directs.
l. e., for the purpose Of paying the
expenses of assessing and collecting
said taxes for the payment or prln-
cipal and interest on said bonds. and
being In addition t0 the tax Of Si.56
per $4,000 valuation, previously lev
led for that purpose: which said
Order is shown I'm the transcript
OF the Minutes Of said Board Of Di-
rectorS, herewith filed and here re-
ferrd to and made IA part hereof.
Your petitioner alleges that all on
the acts. conditions and things re-
quisite and necessary to he done in
the creation of your petitioner a
Water improvement District, and IN
connection with the issuance OF said
Bonds and levy oE taxes in payment
therefor, and the levy OF an addi-
tional tax TO defray the expenses of
collecting the taxes levied for THE
payment of interest and principal
of said bonds have been done. hap
pened and performed in regular and
due form. and in the manner Y
quired by the Constitution and Laws
OF the State Of Texas: and that the
total amount OF said Series OF Bonds,
together with all other indebted
ness or said district. and the taxes
levied. do not exceed the Consti-
tutional and Statutory limitation.
Your petitioner represents that the
Statutes ard Laws hercinbefore re-
ferred to. authorizing the creation
and establishing Oh water improve
ment districts. the management and
control thereof, and the issuance OF
bonds therefor. provide that before
such bonds are offered for sale, such
Water Improvement District shall
bring an action I'm the District Court
In any County on the Judicial Dis
trict in which said Water Improve
ment District may be situated or I'm
the District Court of Travis COun-
ty. Texas, TO determine the validity
OF such bonds; and that such ac-
ton shall be I'M the nature of VA pro-
ceeding IN rem. and that jurisdic-
ton Of all parties interested may be
had by publication of "a general
notice thereof once each week for
at least two consecutive weeks IN
some newspaper of general circula-
ton published in the County in
which said district Is situated: and
notice shall also be served upon the
Attorney General Of the State on
Texas, Of the tendency OF said c
ton In the same manner aS in civil
suits: your petitioner brings this
action under and IN accordance
with the provisions of said Law for
the purpose or determining the va-
lidity or said district. and Of said
bonds.
WHEREFORE, your petitioner
prays that this petition and the
copy of the proceedings accompany
ing same h. filed, and that notice
thereof be given 20 the Attorney
General OF the State of Texas. as
provided by law. and that further
notice be given by publication. as
provided BY law: and that upon fin
al hearing hereof your petitioner
may have the order. judgment and
DEGREES of this Court. Gdiudging
and decreeing said district tO be a
valid and legally laid out. created.
defined and established Water I'm
provement district within this state.
and that each and all on said bonds
aforesaid. are in all things legal and
valid, and are just and binding debts
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