Lovelace v. . Pratt

The Consolidated Public School Law (chapter 136, Laws-1923, article 23) provides, in effect, that when the outstanding indebtedness created prior to the year 1923 for the necessary expenses of conducting a six-months school in the respective counties, shall exceed the sum of $10,000, the boards of county commissioners are authorized, empowered and directed to fund the same by issuing the serial notes of the county, or serial bonds thereof, for the amount of such indebtedness, and to levy annually a special ad valorem tax on all the tangible property of the county sufficient to pay said…