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Home My WebLink About1974.11.29 - General Obligation Bond Series 1974Bolen No �,..°' 1°i°i it 0i'tt t ilii ii ¢i w4i4f it �f�'f ii, l4ic aliii i, t'� i iiH dOiie� - �y %//////� /q. � � ym �` � + � imp S' �"' �� a " \ f r 0) 0 In 0 l0 �- r 3111 I .ex 11{wroxlSG r.¢arr WS sA is,ratvPy.. .,__ ..tii+t .ea �i fu $5,000 \� STATE OF TEXAS COUNTY OF WILLIAMSON Cit �r (6rorgdown, rxas y - lq�Frirs 1074 KNOW ALL MEN BY THESE PRESENTS That the City of Georgetown, in the County of William ~� son, State of Texas, a municipal corporation duly incorporated under the laws of the State of Texas, s t o t FOR VALUE RECEIVED, hereby promises to pay to the bearer hereof on the 15th day of January, 1983, ® 1 a the sunt of o FIVE THOUSAND DOLLARS o G� ($5,000), in lawful money of the United States of America, with interest thereon from date hereof at the �> tc � ` ® rate of five and twenty five hundredths per cent (5 25 %) per annum, interest payable January 15, 1976, and a r 4y semi annually thereafter on July 15 and January 15 in each year, principal and interest payable upon pre v ti t O sensation and surrender of bond or proper coupon at the Citizens State Bank, Georgetown., Texas, or, at _ l r the option of the, holder, at The First National Bank, Georgetown, Texas, or at Mercantile National Bank at Dallas, Dallas, Texas (hereinafter called banks of payment), without exchange or collection charges to the owner or holder hereof, and the City of Georgetown, Texas, is hereby held and firmly bound, and its _ s faith and credit and all real and personal property in said City are hereby pledged for the prompt pay>l i rN y ` meiu of the principal of this bond and the interest thereon at maturity 1 L 1 v y THIS BOND is one of a series of 35 bonds, numbered consecutively from I to 35, inclusive, of the Y Oy denomination of Five Thousand Dollars ($5,000) each, aggregating One Hundred Seventy Five Thousand �•i ' ar' Dollars ($175,000), of which the sum of $100,000 is for the purpose of constructing a public building to 1 � ® be used as a Sub Fire Station, $25,000 is for the purpose of constructing street improvements (within ® v l s Urban Renewal Area), $25,000 is for purpose of constructing extensions and improvements to the City's +\ \ - =�v waterworks system (within Urban Renewal Area), and $25,000 is for the purpose of constructing exten- sions " and improvements to the City's sewer system (within Urban Renewal Area), issued by the City of .r M Georgetown, Texas, under and by virtue of the Constitution and laws of the State of Texas, the Charter of m said City, and in pursuance of an ordinance passed by the City Council of said City, which ordinance is 4, of record in the Minutes of said City Council THE DATE of this bond, in conformity with the ordinance above mentioned, is October 15, 1974 Q QtiL rr IT IS HEREBY CERTIFIED E AND RECITED that the issuance of this bond, and the series of which - r d it is a part, is duly authorized by law and by a vote of the legally qualified voters of the City of George•t µ l ® town, rooting at an election held for that purpose within said City on June 1, 1974, that all acts, conditions I®°f( and things required to be done precedent to and in the issuance of this series of bonds, and of this bond, Fl! 0 have been properly done and performed and have happened in regular and due time, form and manner r as required by law, that sufficient and proper provision for the levy and collection of taxes has been made which when collected shall be appropriated exclusively to the payment of this bond, and of the series of which it is a part, and to the payment of the interest coupons hereto annexed as the same shall become ui due, and that the total indebtedness of said City of Georgetown, including the entire series of bonds of ' \ which this is one, does not exceed any constitutional or statutory limitation IN WITNESS WHEREOF, the City of Georgetown, Texas, has caused its corporate seal to be am xy�� -' pressed, or a facsimile thereof printed, on this bond, and this bond and its appurtenant coupons to be exe t a/ 3�SRw m cured with the imprinted facsimile signatures of the Mayor and City Secretary of said City, in accordance o eta 1\\ with the provisions of Article 71711, Vernon's Civil Statutes of Texas, 1925, as amended 3 s • cam\ Vt = COUNTERSIGNED ,.i. ®�0 ll) p a i k ll) ., 4 .>• :.'�� 4 ll) t `: 4 �'i e " : � k "'Y • ill/9liiiii ill ip 11111 S i�ii.EiE f, iii b it°�/i111 �� ' 1E°Aio i 1f r••ry i�'.1f i4 " ''A Mayor, City of Georgetown, Texas `Cay Secretary, City of Georgetown, Texas kn" :-n 0 j r .ri 4 iy 3 y�(�4U1,1 iiiEA ! 9 idifi �, 9Ci1pd ° iii sill 0i4f1° {i ! 10 1 al r 11 �� srx St Y. ♦ ti I� ,.i. ®�0 ll) p a i k ll) ., 4 .>• :.'�� 4 ll) t `: 4 �'i e " : � k "'Y • ill/9liiiii ill ip 11111 S i�ii.EiE f, iii b it°�/i111 �� ' 1E°Aio i 1f r••ry i�'.1f i4 " ''A Mayor, City of Georgetown, Texas `Cay Secretary, City of Georgetown, Texas kn" :-n 0 j r .ri 4 iy 3 y�(�4U1,1 iiiEA ! 9 idifi �, 9Ci1pd ° iii sill 0i4f1° {i ! 10 1 al ,, _ STATE OF COUNTYOF • pp 1 J i H4 (ObligationEI 1 f 1 z lYtt I � 1 1 I I I Il � �I I � I ti . LEGAL OPINION ,o E a•3+,r � I � � LAW OFFICES � g FIt q,z GIBSON SPENCE & GIBSON a �� 1 I IV Illllh �nVl 1 CAPITAL NATIONAL BANK BUILDING AUSTIN TEXAS 78701 I F WE HEREBY CERTIFY that we have examined a certified copy of the proceedings of ; the City Council of the City of Georgetown Williamson County Texas authorizing the issu once of CITY OF GEORGETOWN TEXAS GENERAL OBLIGATION BONDS SERIES 1974 § dated October 15 1974 numbered 1 to 35 inclusive of the denomination of $5 000 each, aggregating $175000 bearing Interest as follows Bonds maturing 1977 to 1979 inclusive Tu at the rate of 750% per annum. Bonds maturing 1980 at the rate of 625% per annum, R< Bonds maturing 1981 to 1983 Inclusive at the rate of 525% per annum Bonds maturingu. 19846 at the rate of 5 40 % per annum, Bonds maturing 1985 at the rate of 5 50 % per annum r Bonds maturing 1986 at the rate of 5 60% per annum, Bonds maturing 1987 at the rate of k 5 75% per annum, Bonds maturing 1988 at the rate of 5 90% per annum. Bonds maturing 1989 at the rate of 6 00% per annum, Bonds maturing 1990 at the rate of 6.20% per anaum h interest payable January 15 1976 and sena-annually thereafter on July 15 and January 15 111 4 ' In each year and maturing January 15 $5 000 in 1977 $10 000 in 1978 to 1984 inclusive , r $15 000 In 1965 to 1988 mclusive and $20 000 in 1989 and 1990 and we are of the opinion M that such proceedings show lawful authority for the issuance of said Bonds under the Con shtution and laws of the State of Texas now in force 1 I I I I I I I WE FURTHER CERTIFY that we have examined one of the executed Bonds of said issue �aY9 and find same in due form of law and properly executed, and we are of the opinion that „ said Issue to the amount aforesaid, constitutes a valid and legally binding obligation upon} _- scud City, and that ail of the taxable property in scud City Is subject to the levy of a tax to 1' pay the same within the limitations prescribed by law Y ./ IN OUR OPINION the Interest on said Bonds I. exempt from Federal income taxes under I existing statutes regulations rulings and court decisions. Respectfully GIBSON SPENCE & GIBSON I HEREBY CERTIFY that the above and foregoing is a true and correct copy of the 93 _ legal opinion upon the Bonds therein described which was manually signed by Gibson Spence d Gibson Austin Texas and was dated as of the date of delivery of and payment ` for scud Bonds J I � ,s>vx CITY SECRETARY i a CITY OF GEORGETOWN, TEXAS ti s ° ~ R `s. Z�� irw.f �i �t � � ic r� a�r e hi+•�rit�F of 4S ,t / -9 rAv y c. � „"ti:e i s�Y•t, ~ � �r11 ,zr li4 FP LV V �e�tin�,�i'LE�ai4h�hll � iv�'B`�"w�.l�! •r!ro .: , i Ygnxy. r -,v M rlldlh u.- ti`s ,lt.y,wa�w•l,�,.r♦.Y v`e STATE OF COUNTYOF • 1 J k H4 (ObligationEI 1 1974 CUSIP 373028 BD I . h Y (E(4 - - Dx - DATED OCTOBER 15, 1974 PRINCIPAL DUE JANUARY 15, 1983 F I r - INTEREST PAYABLE F On January 15, 1976, and thereafter v semi annually on July 15 and January 15 in each year q�ya PRINCIPAL AND INTEREST PAYABLE AT THE ,,phI�71 CITIZENS STATE BANK - ° GEORGETOWN, TEXAS, oR AT ray»u2 THE FIRST NATIONAL BANK GEORGETOWN, TEXAS, oR AT MERCANTILE NATIONAL BANK AT DALLAS DALLAS, TEXAS S A A 64 q jY J H4 Kigt � g FIt q,z Ar 3 �h 2 A 64 q jY H4 0 alYr.