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ItHEPrAS, the City Council of the City of GeorUetown, Texas,
deems it necessary and advi.sable to issue the ponds of the Cita* of
Georgetown in the amounts and for the purposes hereinafter stated;
THYPEB'ORF, BE IT ORDRF ..rD IiY TPR CITY COTT-11CIL OF TiiF CITv OF
GEORGT`TOV, , TBMAS:
Section 1. That an election is hereby ordered to be held in
the City of ('reorgetown, Texas, on April 7, 1U64, such date being
not less than fifteen (15) nor more than thirty (20) days from the
date of the cdoAion of this order, at which election the following
propositions shall 'L)e submitted to tt:e resident qualified property
taxpaying voters of said City, who NJon taxable property in the Gity
and who have duly rendered the same for ta.xution, for their action
thereupon:
PPOPOSITION 1110. 1
Shall the City Council of the City of Georgetown, Texes
be authorized to issue #2p0,000 of revenue bonds of said Cite,
maturing serially over a period of ye-trs not to exceed thirty (30)
years from their date, bearing interest at a rate not to exceed five
per cent (5u!) per annum, for the purpose of constructing; a Sewage
Pisposal Plant and other extensions and improvements to the City's
sewer system; said revenue bonds to be special obliEati.ons of the City
of Georgetown, payable as to both principal and interest solely from
and secured by a first lier. on and pledE,e of the revenues of the City's
combined waterworks, sewer and electric light system, after deduction
of reasonable operation and maintenance expenses?
I'KOPOST TCN 1,11). 2.
3
Shall the City Council of the City of Georgetown, Texas,
be authorized to issue x.89,000 of revenue bonds of said City,
maturin,: serially over a period of years not to exceed thirty (30)
years from their date, bearing interest at a ra-;e not to exceed five
per cent (50') per annum, for the purpose of constructing extensions
and improvements to the City(s wat-erworks systems said revenue bonds
to be special obligations of the City of Geortretown, payable as to both
principal and interest solely from and secured by a first lien on anii
pledgd of the revenues of the City's combined waterworks, sewer and
electric light syste-., after deduction of reasonable operation and
maintenance expenses?
Section 2. That the revenue bonds hereinabove mentioned in
said Propositions Nos, 1 and 2 are to be ratably secured;.ln such
manner that no one bond shall have priority of lien over any other
bond, it beim, the intent hereof to provide for the creation of an
indebtedness against the City's com-A ned waterworks, sewer and
electric light system for the purposes stated in said Propositions
?os. 1 and 2, and such bonds submitted under such propositions as
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