HomeMy WebLinkAbout0403_398398
REGISTERED AS of the 15th day of May, A. D. 1974.
CITY TREASURER, CITY OF GEORGETOWN,
TEXAS
The form of interest coupons attached to each of said Warrants shall be substantially as
follows:
Warrant, No.
Coupon No.
On this the ' _day of 19 , the City Treasurer
of the City oGeorgetown, in Wi I liamson County, Texas, wiT`pay to bearer at the
Citizens State dank at Georgetown, Texas, the sum of $ ,
being months interest due that date on the "San Gabriel Neig or -
hood Facility or ity o Georgetown Warrants, Series 1974", dated , 1974.
Of
Q_Ag�a. - - _,,O�/
City Secretary or
BE IT FURTHER ORDAINED BY THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, That to pay the interest and to create a sinking fund to retire said
Warrants at their maturity and to provide ten (10%) attorney's fees in the event of default,
a tax at the rate of twenty-eight cents ($0.28) on the One Hundred Dollars ($100.00)
valuation of all taxable property in the said City, out of the taxing funds of said City
is hereby levied,' For the years 1974; that during the year 1975 and each year thereafter
while any of said Warrants are outstanding and unpaid and at the time other City Taxes
are levied in each of the said years there shall be computed and ascertained what rate
of tax base on the latest approved tax roles of said City will be necessary, requisite and
sufficient to fully make, raise and produce in each of said years the amount of principal
necessary to be raised for that year, plus the interest maturing in said year upon the
amount of this series of Warrants outstanding and unpaid and provide for a ten (10%)
attorney's fee in case of default, and for each of said years there is hereby ordered to be
and there is hereby levied and ordered to be assessed and collected in due time, form
and manner, a tax at the rate of which shall be found necessary as aforesaid, and all
of the proceeds of such taxes shall be placed in a separate fund for this series of Warrants,
and the City Treasurer shall not honor any draft upon said fund or pay out any of the same
except in the payment of interest on said Warrants or for retiring the same, or for attorney's
fees as provided above.
The Mayor and City Secretary are hereby directed to execute said Warrants, and
the Treasurer is hereby directed to register them. Said Warrants shall be held by the
City Treasurer subject to the Order of the City Council and shall be used to pay for labor,
materials and supplies used in said community building improvements.
The fact that the City of Georgetown is greatly in need of the improvements herein
creates an emergency and an imperative necessity that the rule requiring ordinances to be
read and passed at more than one meeting be suspended and said rule is hereby suspended,
and that this ordinance shall take effect and be enforced from and after its passage, and
it is so ordained.
PASSED AND APPROVED this the 16th day of May, A. D. 1974.
ATTEST:
1_
City Secretary
oe . Crawford, Mayor