1973 - Sale of County’s Public School Lands Recommended
The La Grange Independent School District Board of Trustees went on record as favoring the sale of Fayette County’s public school lands and permanent school fund bonds and prorating the revenue to the county’s six school districts. Involved were 4,187 acres in Baylor County and $374,625 in bonds derived from oil and grazing leases over the years. Superintendent C.A. Lemmons said since the land was valued at $125 an acre, a total sale would mean a financial windfall of $897,726 for Fayette County schools. The La Grange district’s pro rata share of 45.88% would amount to $420,982. Other school districts’ share of the proposed payout, based on the estimated sales figure, would include: Fayetteville, $73,007; Cistern, $11,553; Flatonia, $147,990; Schulenburg, $190,195; and Round Top-Carmine, $53,699.