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Magnolia ISD board adopts order authorizing Unlimited Tax School Building Bonds, Series 2026; dollar amount not recorded in minutes
Summary
Trustees adopted an order delegating authority to proceed with the sale of 'Unlimited Tax School Building Bonds, Series 2026.' The minutes record adoption and a Certificate of Secretary but do not specify a principal amount in the public minutes.
The Magnolia ISD Board of Trustees adopted an order on July 13 authorizing the issuance and a delegated sale of 'Magnolia Independent School District Unlimited Tax School Building Bonds, Series 2026.' The motion was moved by Dacia Owens, seconded by David McCarty, and carried 4–0.
The meeting packet includes the full bond order and a Certificate of Secretary documenting the meeting and the board's action; the order delegates authority to district officers to execute a purchase contract, paying agent/registrar agreement, and an official statement. The minutes do not record a principal amount for the bonds in the public meeting text. The Certificate of Secretary is included as part of the packet and reflects the board vote and attestation.
Administrative staff are authorized to complete sale documents consistent with the delegations in the order; any final sale terms will be reflected in closing documents and subsequent board filings as required.
