Bond Election Proposition and Ballot
On June 12, the Glasscock County Commissioners’ Court passed the following proposition:
“An election…shall be held for and within the County on August 12, 2000… at which Election the following proposition shall be submitted in accordance with law:
‘Shall the Commissioners Court of the County of Glasscock, Texas, be authorized to issue bonds of the County under the authority of Article VIII, Section 9, of the Texas Constitution, in one or more series or issues, in the aggregate principal amount of $825,000 for the purpose of providing funds for construction of a county community center to house offices for county and other governmental employees, meeting rooms, and the county’s livestock show; said bonds of each series or issues, respectively, to mature over a period of not to exceed thirty (30) years from their date, to be issued in such installments and sold at such price or prices and to bear interest at such rate or rates as shall be determined within the discretion of the Commissioners Court at the time of issuance; and to provide for the payment of the principal of and interest on said bonds by levying and collecting a tax sufficient to pay the annual interest on said bonds and to provide a sinking fund sufficient to pay said bonds as they become due?’ “
The official ballots for the bond election will permit voters to vote FOR or AGAINST the proposition, which will be stated on the ballots in the following form: “THE ISSUANCE OF $825,000 IN BONDS FOR THE CONSTRUCTION OF A COUNTY COMMUNITY CENTER IN THE COUNTY AND THE LEVY OF A TAX IN PAYMENT THEREOF.”