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HomeMy WebLinkAbout0405_400400 PROPOSITION NO.2 SHALL the City Council 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 improvements to the City's waterworks 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 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 be 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 consturcting street improve- ments (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. 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 improve- ments 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 Ciiyin 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 improve- ments to the City's sewer 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? WHEREAS, it appearing from the returns, duly and lawfully made, that there were cast at the election, where only the resident qualified voters who own taxable property in the City and who have duly rendered the some for taxation voted, valid and legal votes as follows: PROPOSITION NO. 1 FOR 352 AGAINST 216 PROPOSITION NO. 2 FOR 375 AGAINST 194 PROPOSITION NO. 3 FOR 341 AGAINST 225 PROPOSITION NO. 4 FOR 325 AGAINST 242 PROPOSITION NO. 5 FOR 331 AGAINST 235 PROPOSITION NO. 6 FOR 332 AGAINST 233 AND, WHEREAS, it appearing from the returns, duly and lawfully made, that there were cast, at the other election, where all other resident qualified voters of the