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Board authorizes order to issue unlimited tax school building bonds
Summary
Trustees approved an order authorizing the issuance of unlimited tax school building bonds, appointed a pricing officer and delegated authority to set sale parameters; the minutes do not specify bond amount, pricing officer name, or sale date.
The Sulphur Springs ISD Board on May 11 approved an order authorizing issuance of unlimited tax school building bonds, appointed a pricing officer, and delegated to that officer the authority to approve the sale and establish parameters including an annual ad valorem tax for payment. John Campbell moved the measure and Adam Teer seconded; the board voted 5-0 to approve the order.
The minutes record the board's approval but do not list the principal amount of bonds, the pricing officer's identity, or a timeline for sale. Those particulars will be set by the delegated pricing officer and reported back to the board in later documentation and bond sale notices.
