HomeMy WebLinkAbout0019_0017AN OADINANvu.
t&Uli-iO)hILING THE ISSUANOZ OF TW_'NTY-ON'4' ONS THOi 5AND DOLLAR DONDS. FOR THS:
PURPOSE OF PUROIIASING BUILDING, SITES hND COIISTRUOTING, PUBLIC F,AZZI LJOHOOL
BUILDINGS# AND PROVI-RING FOR,THE EVY;AND COLLECTION DFA TAX TO M PAY
TIME, 1NTZ4?o.ST TH: ��EOit, AND TO CREATE A 49IN41NG FUND SUFFICIENT TO PAY SAID
BONDS AT MATURITY.
Whereas, the City of,Georgetown#.Texas,.having a population of over
one thousand inhabitants, and duly incorporated under the generallawsof
the State of Texas, has after an election held for that purpose# assumed
control of all the
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publicpola within the corporate limits of the said
City; and whereas, said city,ia without public school,grounds and buildings'
and has no funds with which to purchase or construct same,# therefore.,.
Be it ordained by the city 4ouncil, of the pity of Georgetown, Texas.
SECTION(l) That the bonds of the pity of Georgetown,,,Texas, shall be
issued by said oity,sto,,the amount of,Twenty-one-Thousand ($21,000.00) dol-
lars for the purpose of purchasing building sites and for constructing
thereon public Free school buildings,_within the corporate limits of the
pity of Georgetown, Texas. Said bonds shalll be signed by the Mayor and Sec-
retary of said city with the Seal of said city impressed thereon -shall, be
dated the sixteenth day,of July, A. D. 18P4# and shall. be due and payable
forty years after date and re-deemable at the pleasure of the city of Geo-
rgetown, at any time after ten years from date -provided said city shall
give notice in writing at the place of -payment of said bonds of its,inten-
tion to redeem any or all of said bonds, which notice shall, baso given_
for at least six Months prior to the redemption of any 'bond the city may
desire to redeem, and provided further# that If said bonder etre not duly
presented at the place of payment for payment and cancellation after notice
is given by the city each of said bonds of which notice to redeem is giv-
en shall cease to bear interest from and after the day on which the notice
so given requests presentation for payment. Said bonds shall be denominated:
Public School Building Bonds# and numbered from One to Twenty-one inclusive.,
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