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ORDER
BY TIIE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS,
CALLING AN ELECTION FOR THE AUTHORIZATION OF BONDS OF
THE CITY OF GEORGETOWN IN THE FOLLOYvING AMOUNTS AND
FOR THE KIADVOING PURPOSES: (1) $89,000
REVENUE FONDS FOR THE PURPOSE OF CONS UC' EN ONS
AND IMPROVEMENTS TO THE CITY'S WATERivORKS SYSTEM; AND
(2) $196,000 REVENUE BONDS FOR THE PURPOSE OF
CONSTRUCTING MIMS ONS AND IMPROVEolENTS TO THE CITY'S
SERER SYSTEM.
ItHEREAS, the City Council of the City of Georgetown, Texas,
deems it necessary and advisable to issue the bonds of the City of
Georgetown in the amounts and for the purposes hereinafter stated;
THEREFORE, BE IT ORDF,RED BY THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXASs
Section 1. That an election is hereby ordered to be held
in the Ctty of Georgetown, Texas, on the 14th day of SeEtember ,
1963, such date being not less than fifteen (15) nor more than thirty
(30) days from the date of the adoption of this order, at which
election the following propositions shall be submitted to the resident
qualified property taxpaying voters of said City, who earn taxabli
property in the City and who have duly rendered the same for taxation,
for their action thereupons
PROPOSITION NO. 1
Shall the City Council of the City of Georgetown, Texas,
be authorised to issue # 89,000 of revenue
bonds of said City, maturing serially over a period of years
not to exceed thirty (30) years from their date , bearing
interest at a rate not to exceed five per cent (5% ) per annum,
for the purpose of constructing extensions and improvements to
the City's waterworks system; said revenue bonds to be special
obligations of the City of Georgetown, payable as to both principal
and interest from and secured by a first lien on and pledge of the
revenues of the combined waterworks, sewer and electric light system,
after deduction of reasonable operation and maintenance expenses?
PROPOSITION No. 2
Shall the City Council of the City of Georgetown, Texas,
be authorized to issue $ 196,000 of revenue
bonds of said City, maturing serially over a period of years not
to exceed thirty (30) years from their'date, bearing interest'a
rate not to exceed five per cent(%.) per annum, for the purpose of
constructing extensions and improvements to the City's sewer system;
said revenue bonds to be special oblications of the City of Georgetown,
payable as to both principal and interest from and secured by a first
lien on and pledge of the revenues of the combined waterworks, sewer
and electric light system, after deduction of reasonable operation
and maintenance expenses?