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HomeMy WebLinkAbout0404_399THE STATE OF TEXAS COUNTY OF WILLIAMSON CITY OF GEORGETOWN I, the undersigned City Secretary of the City of Georgetown, Texas, hereby certify that the foregoing is a true and correct copy of an ordinance passed by the City Council of the City of Georgetown, Texas, held at City Hall in said City on the 16th day of May, 1974, which ordinance is of record in Book 6, Page 247., et seq., of the Minutes of said City Council. GIVEN UNDER MY HAND AND May, 1974. SEAL OF SAID CITY, this 16th day of 3 9 9 RESOLUTION DECLARING RESULT OF ELECTICN M STATE OF TEXAS V CITY OF GEORGETOWN V On this the 3rd day of June, Texas, convened in Special session with the following members present, JOE E. CRAWFORD, HARRY GOLD HUBERT BROCK DEE W. SCOTT J. D. WININGER WILLIAM EANES W. L. WALDEN, 1974, the City Council of the City of Georgetown, at the regular designated meeting place in the City to wit: Mayor Councilmen City Secretary and the following absent: None. A quorum being present and after the following resolution was read, Councilman Gold moved its adoption. The motion was seconded by Councilman Wininger. The motion, carrying with it the adoption of this resolution, prevailed by the following vote: AYES: Councilmen Gold, Brock, Scott, Wininger, Eanes; NOES: None. The Resolution is as follows: WHEREAS, each and all of the members of the City Council of said City was duly 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 seperate but simultaneous elections held in the City on June 1, 1974, for the purpose of submitting the following propositions to the voters of said City for their action thereupon: PROPOSITION NO.1 SHALL, the City Council of the City of Georgetown, Texas, be authorized to isue the bond 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 for 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?