HomeMy WebLinkAbout0020_0018and shall be payable in Gold 0 )14 of the united States of Amerloa, of the
present standard and value and shall bear interest at the rate of six
per dent per annum, interest payable semi-annually in like Gold coin on
the Fifteenth day of January and July, upon presentation and surrender of
properU coupon, and their shall be Eighty Coupons attached to each of
said bonds -representing the several interest payments, and said coupon&
shall be executed by the kayor and City Secretary of the pity of George-
town, Texa:s, by having a Copy of their signatures lithographed or printed
on each of said Coupons. Both principal and interest of said bonds shall
be payable at the National Park Bank„ in the Laity# County and State of
New Yorke, United States of America*'
$LOTION (21, ,For the purpose of paying the semi -annum, interest on
said bonds, and creating a sinking fund sufficient to redeem the bonds at
maturity, there is hereby levied ars annual tax of nineteen Cents on each
One Hundred dollars valuation of all property situated in the city of
Georgetown„ Texaaas# and subject to taxation, which said tax shall be assess-
ed and collected as other city taaxas and said tax is hereXX now levied for
the currant year, and shall be annually levied assessed and collected un-
til said bonds are fully paid of'f ,and discharged.
$LOTION (3)0 All money arising from the tau in this ordinance levied
for the payment of the bands hereby ordered to be issued -is hereby declared
to be a special fund and shall not be diverted or draw upon for any other
purpose# and shall be uaed only for the puymeant of interest on a redemption
of said bonds.
S"OTION (4)s That all ordinances and parts'of ordinances in conflict
herewith be and the same are hereby repealed« and this ordinance shall
take effect from and after its passage.
Passed 13th day of July 1 n '4.
Approved 13th day or Jcaly ISS4.
Attest Fo W. Carothers
1ayor.
Po Q& Farty
City Secretary.
IS