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RESOLUTION DECLARING RESULT OF ELECTION
STATE OF TEXAS
CITY OF GEORGETOWN
On this the 30th day of April, 1974, the City Council of the City of Georgetown,
Texas, convened in special session at the regular designated meeting place in the City with
the following members present, to wit:
JOE E. CRAWFORD MAYOR
HARRY GOLD
HUBERT BROCK COUNCILMEN
DEE W. SCOTT
J. D. WININGER
W. L. WALDEN CITY SECRETARY
and the following absent: William Eanes.
A quorum being present and after the following resolution was read, Councilman
Brock moved its adoption. The motion was seconded by Councilman Wininger. The motion,
carrying with it the adoption oflthis resolution, prevailed by the following vote:
AYES: Councilmen Gold, Brock, Scott, Wininger;
NOES: None.
0 The Resoltuion is as follows:
C5
WHEREAS, each and all of the members of the City Council of said City was duly
V and sufficiently notified, officially and personally, in advance, of the time, place and
purpose of this meeting; and
WHEREAS, proper notice has been duly and timely posted as provided by law; and
WHEREAS, there came on to be considered the returns of two separate but simult-
aneous elections held in the City on April 30, 1974, for the purpose of submitting the follow-
ing propositions to the voters of said City for their reaction thereupon:
PROPOSITION NO.1
SHALL the City Council of the City of Georgetown, Texas, be authorized to issue the bonds
of said City in the amount of $250,000 maturing serially over a period of years not to exceed
30 years from their date, bearing interest at such rate or rates as shall be determined within
the discretion of said City Council, for the purpose of constructing extensions and improve-
ments to the City's electric light system; to be issued in accordance with and secured in the
manner provided by Article 1111, et seq., V. A. T. C. S., as amended, each bond to be
conditioned that,the holder thereof shall never have the right to demand payment of said
obligation out of funds raised or to be raised by taxation; and secured by a lien on and
pledge of the net revenues from the operation of the City's combined waterworks, sewer
and electric light system?
PROPOSITION NO.2
SHALL the City Counci I of the City of Georgetown, Texas, be authorized to issue, the bonds
of said City in the amount of $50,000 maturing serially over a period of years not to exceed
30 years from their date, bearing interest at such rate or rates as shall be determined within
the discretion of said City Council, for the purpose of constructing extensions and improve-
ments to the City's water works system; to be issued in accordance with and secured in the
manner provided by Article 1111, et seq., V. A. T. C. S., as amended, each bond to be
conditioned that the holder thereof shall never have the right to demand payment of said
obligation out of funds raised or to be raised by taxation, and secured by a lien on and
pledge of the net revenues from the operation of the City's combined waterworks, sewer
and electric light system?
PROPOSITION NO.3
SHALL the City Council of the City of Georgetown, Texas, be authorized to issue the bonds
of said City in the amount of $400,000 maturing serially over a period of years not to exceed
30 years from their date, bearing interest at such rate or rates as shall be determined within
the discretion of said City Council, for the purpose of constructing extensions and improve-
ments to the City's sewer system; to be issued in accordance with and secured in the manner
provided by Article 1111, et seq., V. A. T. C. S., as amended, each bond to be conditioned