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Relating to creating a conservation and reclamation district to be known as "Reagan County Water Supply District"; conferring upon the district the powers of the general laws governing water control and improvement districts where not in conflict with this Act; providing for the governing body of the district; providing for the issuance of bonds and fixing a limitation thereon; providing for refunding bonds; adopting the ad valorem plan of taxation for said District; making bonds of the District eligible for investments, and exempting the property and the bonds of the District from taxation; finding a benefit; providing a severability clause.