To be voted on by Chambers County Commissioners Court on Tuesday, February 14, 2023:
Chambers County Proposition A “SHALL the Commissioners Court of Chambers County, Texas be authorized to issue general obligation bonds of said County in an amount not to exceed $135,000,000 to pay costs for: (1) designing, constructing, acquiring, purchasing, renovating, improving, and equipping of a new Justice Center and County Jail; and (2) the demolition of the Anahuac Library to provide a site for such new Justice Center and County Jail ; and (3) to pay the costs of issuing those bonds , which bonds may be issued in various series or issues, may be sold at any price or prices, shall mature serially or otherwise not more than thirty (30) years from their date or dates and bear interest at such rate or rates (fixed, variable, floating, adjustable or otherwise) as shall be determined by the Commissioners Court within its discretion at the time of issuance, but not to exceed the maximum rate then authorized by law; and whether ad valorem taxes shall be levied upon all taxable property in the County sufficient to pay the annual interest and provide a sinking fund to pay the bonds at maturity, all as authorized by the Constitution and laws of the State of Texas, and of the United States of America?” Chambers County Proposition B “SHALL the Commissioners Court of Chambers County, Texas be authorized to issue general obligation bonds of said County in an amount not to exceed $5,000,000 to pay costs for (1) designing, constructing, acquiring, purchasing, renovating, improving, and equipping of a new County Library, and the purchase of a site therefore; and (2) to pay the costs of issuing those bonds, which bonds may be issued in various series or issues, may be sold at any price or prices, shall mature serially or otherwise not more than thirty (30) years from their date or dates and bear interest at such rate or rates (fixed, variable, floating, adjustable or otherwise) as shall be determined by the Commissioners Court within its discretion at the time of issuance, but not to exceed the maximum rate then authorized by law; and whether ad valorem taxes shall be levied upon all taxable property in the County sufficient to pay the annual interest and provide a sinking fund to pay the bonds at maturity, all as authorized by the Constitution and laws of the State of Texas, and of the United States of America?”
