BISD planning $21m bond election
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By James McAfee/The Knox County News-Courier—
BENJAMIN—The Benjamin Independent School District has ordered a $21 million bond election to take advantage of the increased tax revenues from the wind farms in its district.
Voters can cast their ballots from 8:30 a.m. until 4 p.m., Monday through Friday, from Oct. 13 through Oct. 30 at the Benjamin Ex-Students Building or on Election Day, Nov. 3, at the Wichita Brazos Valley Museum.
The trustees are asking for approval to issue and sell bonds in the amount of $21 million for the construction, acquisition, renovation and equipment of school buildings in the district, including new classrooms, a storm shelter, a new kitchen, a new auditorium for schools and administrative purposes, a new gymnasium and a new football field with a capacity of less than 1,000; and the renovation, improvements and equipment of the existing school building.
The bonds may be issued in various issues or series, shall mature serially or otherwise not more than 40 years from their date and shall bear interest at such a rate or rates not to exceed the maximum rate now or hereafter authorized by law as determined by the trustees.
The trustees will be authorized to levy and pledge and cause to be assessed and collected annual ad valorem taxes on all taxable properties in the district to pay the principal and interest of bonds and the costs of any credit agreements executed in association with the bonds.
The bonds will be issued, and the taxes levied, pledged, assessed and collected under the constitution and laws of the State of Texas, including the Texas Education Code.
