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

= 49, - -
graphed on said coupons, and that
said bonds shall be registered by
the Comptroller Of Public Accounts
OF the State Of Texas, as required
by law, and that a record OF said
bonds issued should be kept by the
County Clerk of Cameron County,
Texas, as required by law; and IL
was further ordered that TO pay
the interest on said bonds and to
create a sinking fund for the re-
demption of said bonds at their
maturity. there should be az .ual-
ly levied assessed and collec ed an
ad valorem tax upon all or the
taxable property situated within
said district. real. personal and
mixed, sufficient to produce am
cunts necessary TO pay the inter-
est 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 } ar; and
for the purposes mentioned said
Board levied for each or the years
1929 TO 1867, both inclusive, an ad
yalorem tax of $40 on each $4,000
valuation of all taxable property in
said district, or so much thereof
as might be necessary TO provide
the amounts specified In scaid Or
der. and provisions to meet the re-
quirements thereof, should be in
due time. manner and season, an
nually thereafter made: and IL
was further provided by said Order,
that the proceeds OF taxes therein
before levied. as set out, should be
preserved In a separate 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 payment Of prin-
cipal and interest of the Bonds
authorized 70 be issued, or until
all OF the said bonds and coupons
have been paid and cancelled: and
further provided that there should
be annually levied, assessed and
collected an ad valorem tax upon
al ! Of the taxable property situated
within said district, sufficient 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
ad valorem tax Of five cents on each
$4,000 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.
lie. for the purpose OF paying the
expenses OF assessing and collecting
said taxes for the payment OF prin-
cipal and interest on said bonds,
and being in addition to the tax
OF Sl.40 per $4,000 valuation, pre-
viously levied for that purpose;
which said Order Is shown in the
transcript of the Minutes OF said
Board Of Directors. herewith filed
and here referred TO and made
part hereof.
Your petitioner alleges that all
OF the acts. conditions and things
requisite and necessary 10 be done
IN the creation Of ycI petitioner a
Water Improvement District, and
in connection with the issuance
Of said bonds and levy Of taxes
in payment therefor. and the lew
of an additional TX to defray the
expenses Of collecting the taxes
levied for the payment Of interest
and principal Of said bonds have
been done. happened and perform
ed in regular and due form. and
IN the manner required by the
Constitution and Laws Of the State
Of Texas: and that the total amolnt
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 Statues and Laws hereinbefore
referred 70. authorizing the crea-
ton and establishing OF water i'm
proving districts, the MANAGEMENT
and control thereof, and the is
suance OF bonds therefor. provide
that before such bonds are offered
for sale. such Water improvement
District shall bring an action IN
the District Court in any County
Of the Judicial District in which
said Water Improvement District
may be situated or in the District
Court Of Travis County, Texas. 70
determine the validity Of such
bonds: and that such action shall
be In the nature of a proceeding
In rem. and that jurisdiction 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 circulation
published in the County i'm which
said district is situated: and notice
shall also be served upon the At
torneys General of the State OF
Texas. OF the pende.scy OF said
action In the same manner as ~
civil suits; your petitioner brings
this action under and in accord.
ance with the provisions or sale
Law for the purpose OF determin-
ing the validity Of said district
and Of said Bonds.
WHEREFORE. your petitione
prays that this petition and the copy
of the proceedings accompanying
same be filed. and that notice there
of be given to the Attorney Genera
Of the State Of Texas. as providet
by law. and that further notice be
given by publication, as provided
by law: and that upon final hear.
ing hereof your petitioner may
have the order. judgment and de.
crees Of this Court. a~djudging anC
d~ecreeing said district to be a valic
and legally laid out. created, defined
and established water improvement
district within this State, and that
each and all Of said bonds afore,
said. are IN all things legal anc
valid, and are just and binding
debts and obligations OF said district
and are authorized to be issued, reg.
istered and sold. as provided by law.
and your Petitioner further prays fol
all such further and other relief
both general and special. at law anc
in enuitv. tn which IL may mr. mich,