HomeMy WebLinkAbout0081_0013AN ORDINANCE AUTHORIZING THE ISSUANCE OF REFUNDING SCHOOL BONDS OF
THE CITY OF GEORGETOWN, TEXAS, FOR THE PURPOSE OF RAISING $14,000 TO BE
USED IN REDEEMING THE DEBT NOW DUE BY THE CITY OF GEORGETOWN TO THE
HOLDERS OF CERTAIN BONDS KNOWN AS SCHOOL BUILDING BONDS OF SAID CITY,
DATED JULY 16, 1894, AND PROVIDING A FUND TO PAY THE INTEREST AND CREAT-
ING A SINKING FUND TO REDEEM SAID BONDS, AND LEVYING A TAX THEREFOR.
BE IT ORDAINED by the City Council of the City of Georgetown, Texas:
Section 1.
That whereas the City of Georgetown, Texas, has outstanding
$14,000 Public School Building Bonds numbers eight (8) to twenty-one
(21) inclusive, of $1,000 each, all dated July 16, 1894, due July 16,
1934, and redeemable after July 16, 1904, at the option of this city,
now, therefore, further
BE IT ORDAINED by the City Council of the City of Georgetown, Texas:
Sea. 2.
That to provide means for the purpose of refunding the said pub-
lia school building bonds, there shall be prepared and issued the bonds
of the said city in the amount of -$14,000; said bonds shall be of the
denomination of $1,000 and shall be numbered consecutively from number
1 to number 14 inclusive, and shall bear the date of August 16, 1905,
become due in forty years from their date, but redeemable on any inter-
est payment date on or after August 16, 1910, provided the said city
shall give notice in writing at their place of payment of its purpose
to redeem said bonds at least six months prior to such redemption.
Such bonds shall bear interest at the rate of 5X per annum, payable
semi-annually on February 16th and August 16th of each year; shall have
coupons attached evidencing the several installments of interest, and
shall be payable, both principal and interest, at the banking house of
N. W. Harris & Company in the City of Chicago and State of Illinois.
Sea• 3.
Said bonds shall be executed in the form and shall contain re-
citals, substantially as follows: .
UNITED STATES OF AMERICA
STATE OF TEXAS
CITY OF GEORGETOWN
REFUNDING SCHOOL BONDS
No. $1,000
Know all men by these presents that the Jity of Georgetown in the
County of Williamson, in the State of Texas, for full value received is
indebted to and promises to pay the bearer the sum of $1,000 lawful
money of the United States of America on the sixteenth day of August,
A.D.1945 with interest thereon at the rate of 5,9 per annum,payable semi-
annually as it accrues, on the sixteenth day of February and the six-
teenth day of August in each year, upon the presentation and surrender
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