Attorney General Holds City Lacks Authority On Bond Assessments
Texas Attorney General informs Giles L Arriett that the city cannot count property owner assessments to cover bond deficits and that bond approvals hinge on the tax rate. Moody replies that refunding bonds cannot be issued if only the indicated tax rate is available. Readers are urged to review Mr Arriett's letter and the AG’s opinion.
MENTIONED IN THIS ARTICLE
Attorney General of
Texas
Giles L Arriett
Moody
Mr. Arriett
Brown
Arriett
City bond debate centers on tax latitude and deficits
The attorney general rules that bond legality in Cameron hinges on tax rate, not property-owner revenue. If the $75,000 refunding bonds lack sufficient tax latitude, they should be defeated. Floating debt and high interest raise questions about paying warrants, warrants prioritization, and reducing rates to relieve taxpayers.
MENTIONED IN THIS ARTICLE
Cameron
Brown
Attorney General
Faithful business man plans new Cameron oil mill
R L Batte outlines construction of a modern oil mill in Cameron to replace the one destroyed by a Tuesday afternoon fire. The project cost is estimated at 250000. Fire damaged a large portion of the mill area, with significant losses and partial insurance coverage.
MENTIONED IN THIS ARTICLE
R. L. Batte
Cameron
Butte
Fort Worth
Hillsboro
Texas
Batte
Jeter Lumber Company
Santa Fe
Jeter
Cameron City bond issue debated by Giles Avriett to Dan Moody
Giles L Avriett of Cameron asks if $3,000 yearly property owner assessments can fund a sinking fund for proposed bonds, or if only the tax levy should be used. Moody's reply says assessments are speculative and tax levy should carry the issue with no reliance on the $3,000 annual payments.
MENTIONED IN THIS ARTICLE
Dan Moody
Austin
Texas
Dez. Sitg
City of
Cameron
Giles L. Avriett
Geo. E. Christian
Frank Hefley Visits Cameron After Long Absence
Frank Hefley chief of police at Okla is in Cameron this week to visit his brother Hubert Hefley and Sam Hefley. He left Cameron about 27 years ago but has returned for visits and will depart later this week for his Oklahoma home.
MENTIONED IN THIS ARTICLE
Frank Hefley
Ate Okla
Cameron
Hubert
Sam Hefley
Mr. Hefley
Oklahoma
Bank Admitted to Texas Guaranty Fund
The Texas State Bank and Trust Company was admitted to the Texas guaranty fund by the banking commission this morning. Members including Attorney General Dan Moody, state treasurer Gregory Hatcher, and Banking Commissioner Chas. O Austin voted to extend fund privileges to the new bank amid protests from Cameron State Bank and Citizens National Bank of Cameron. J. K. Freeman led the charter effort for over a year as supporters congratulated the bank’s stockholders.
MENTIONED IN THIS ARTICLE
Texas State Bank and Trust Company
Guaranty Fund of Texas
Banking Commission
Dan Moody
Gregory Hatcher
Chas
Austin
Guaranty Fund
Cameron State Bank
Citizens National Bank of Cameron
First National Bank
J. K. Freeman
Perfection Ice Scoring Machine Installed at Plant
The Cameron Water Power and Light Company announces the installation of a Perfection Ice Scoring machine that creates accurately weighed and perfectly sized cakes. The device, visible from the sidewalk, attracts attention as blocks of ice in any size are now sold in precise shapes and weights.
MENTIONED IN THIS ARTICLE
Cameron Water, Power & Light Company
The
Herald
Christian Church Plans Rebuild After Fire Loss
The Christian church congregation will discuss rebuilding after a fire destroyed their church. They may use the Episcopal church building temporarily under Rev. J. T. Love's offer, as they cope with the loss and aim to rebuild soon.
MENTIONED IN THIS ARTICLE
The
Christian Church
Episcopal Church
Tueday
J. T. Love
Christian Congregation
Election Ticket Lays Out Bonds and Paving Measure
The ballot on Tuesday April 28 lists a $75,000 Refunding Bonds question and a $50,000 Paving Bonds question. Voters can choose For or Against Issuance. The General Paving Law adoption under Chapter 11 Title 22 of the Revised Civil Statutes of Texas is included.
MENTIONED IN THIS ARTICLE
Texas
Landa Exits Pipeline Gil Deal Shifts to Owens Refining
The Rozhkdate pipeline project known as the Southern Earn Corporation led by Harry Landa has been assigned to Owens Refining Company of Cameron with all interests and contracts. The Rockdale pipeline failed to materialize and Landa withdrew. The deal keeps crude oil in Milam county to be refined at Minerva, benefiting local oil interests and Cameron remains the county hub.
MENTIONED IN THIS ARTICLE
Rozhkdate
Southern Earn Corporation
Harry Landa
Braunfels
Owens Refining Company of
Cameron
Rockdale
Landa
Somerset
Southern
Cameron Band Wins First at Corsicana Contest
The Cameron Municipal Band directed by Geo. Fairleigh won first place in the Corsicana five year band division and earned 400 dollars and a 160 dollar gold cornet. Thirty four bands with about 600 musicians competed. Local business men funded the trip and will support the band further. Four rivals were Midlothian Commerce Elks Bend of Temple.
MENTIONED IN THIS ARTICLE
Cameron Municipal Band
Geo. Fairleigh
Corsicana
Cameron
Midlothian, Commerce and
Elks Bend of Temple
City agrees to purchase new American LaFrance fire truck
The city buys a new American LaFrance fire truck for 12750 dollars. The mayor and city secretary signed the construction agreement this morning. Delivery is planned for August 1 this year. The old truck remains in service, and a building will be provided for the new vehicle. The purchase will enhance Cameron's fire protection.
MENTIONED IN THIS ARTICLE
Cameron
Miss Earl Bragg to Close Lexington School This Week
Miss Earl Bragg will close her Lexington school this week and return to stay with her parents Mr and Mrs J S Brage until summer.
Also Mentioned on This Page
ATTY
General Holds
Iindauur
Puckdnle
PLN
Owens Refining
CONAN
TAK
Our Town
MR. Batte
Giles L. Arriett
R. D. Brown
the Herald
Giles L.avriett
Frank Heffey
CE Scor
Hck
Gil
Owens Refining Company
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