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ORDINANCE
AUTHORIZING THE ISSUANCE OF REVENUE BONDS
THE STATE OF TEXAS
COUNTY OF WILLIAMSON
CITY OF GEORGETOWN
WHEREAS, the City Council of said City has heretofore
on August 11, 1981, passed an ordinance directing notice of
intention to issue revenue bonds in the amount of $550,000;
and
WHEREAS, said notice has been duly published in the
Williamson County Sun, which is a newspaper of general
circulation in said City, on August 14,, 1981 and Augustf-3,
1981; and
WHEREAS, the City received no petition from the qualified
electors of said City protesting the issuance of such revenue
bonds; and
WHEREAS, the bonds hereinafter authorized and designated
are to be issued and delivered pursuant to Art. 1111 through
1118, V.A.T.C.S.
THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF GEORGETOWN, TEXAS:
Section 1. That said City's bonds are hereby authorized
to be issued in the aggregate principal amount of $550,000,
for the purpose of improving and extending the City's
Utility System.
Section 2. That said bonds shall be designated as the
CITY OF GEORGETOWN, TEXAS, UTILITY SYSTEM REVENUE BONDS,
SERIES 1981.
Section 3..That said bonds shall be dated August 15,
1981, shall be in the denomination of $5,000 each, shall be
numbered consecutively from one upward, and shall mature
serially on the maturity date, in each of the years, and in
the amounts, respectively, as set forth in the following
schedule:
MATURITY DATE; APRIL 15
YEARS AMOUNTS
1982
$25,000
1983
25,000
1984
50,000
1985
50,000
1986
75,000
1987
75,000
1988
75,000
1989
75,000
1990
100,000
Section 4. That the bonds shall bear interest at the
rate of 5.60°%, per annum. Said interest shall be evidenced
by interest coupons which shall appertain to said bonds, and
which shall be payable in the manner provided and on the
dates stated in the FORM OF BOND set forth in the Ordinance.
Section 5. That said bonds and interest coupons shall
be issued, shall be payable, shall have the characteristics,
and shall be signed and executed (and said bonds shall be
sealed), all as provided, and in the manner indicated, in
the FORM OF BOND set forth in this Ordinance.
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