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HomeMy WebLinkAbout0399_394394 and electric light system? PROPOSITION NO. 2 SHALL the City Council of the City of Georgetown, Texas, be authorized to issue the bonds of said City in the amountof $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 improvements to the City's waterwords sytem; 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 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 bonds of said City in the amount of $100,000 maturing serially over a period of years not to exceed 30 years from their date, bearing interest at such rate or rates as shall b3 determined within the discretion of said City Council, for the purpose of constructing a public building to be used as a Sub Fire Station, and to levy a tax sufficient to pay the interest on said bonds and create a sinking fund sufficient to redeem them at maturity? PROPOSITION NO. 4 SHALL the City Council of the City of Georgetown, Texas, be authorized to issue bonds of said City in the amount of $25,000 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 street improvements, (within Urban Renewal Area), and to levy a tax sufficient to pay the interest on said bonds and create a sinking fund sufficient to redeemthem at maturity? PROPOSITION NO.5 SHALL the City Council of the City of Georgetown, Texas, be authorized to issue bonds of said City in the amount of $25,000 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 Improvements to the City's waterworks system (within Urban Renewal Area), and to levy a tax sufficient to pay the interest on said bonds and create a sinking fund sufficient to redeem them at maturity? PROPOSITION NO.6 SHALL the City Council of the City of Georgetown, Texas, be authorized to issue bonds of said City in the amount of $25,000 maturing serially over a period of years not to ex- ceed 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 improvements to the City's sewer system (within the Urban Renewal Area), and to levy a tax sufficient to pay the interest on said bonds and create a sinking fund sufficient to re- deem them at maturity? That the official ballots for said election shall be prepared in accordance with the Texas Election Code, as amended, so as to permit the voters to vote "FOR" or "AGAINST" the aforesaid propositions, which ballots shall be set forth in substantially the following form: