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vided the said City shall give notice in writing at their place of pay-
ment of its purpose to redeem said bonds at least six months prior to
such redemption.
5. They shall bear interest at the rate of five per cent per annum,
payable semi-annually on the 16th day of February and the 16th day of
August of each year.
6. Principal and interest shall be payable on presentation and sur-
render of bonds or proper coupon at the office of the Treasurer of the
State of Texas, if sold to the State, otherwise at the banking house of
N. W. Harris and Company in the City of Chicago and State of Illinois,
7. Said bonds shall be signed by the Ua.yor and countersigned by the
ffity Secretary and the seal of the City shall be impressed on each of
themO. The fac simile signatures of the Mayor and City Secretary may be
lithographed on the coupons.
9. It is further ordained by said City Council that to pay the in-
terest on said bonds and create a sinking fund sufficient to discharge
them at maturity, a tax of nine (9) cents on each one hundred dollars
valuation of all taxable property in said City of Georgetown shall be
annually levied on said property and annually assessed and collected un-
til said bonds and interest are paid, and the tax of nine cents on the
one hundred dollars levied by this Council for the year 1905, by ordi-
nance passed on the 12th day of December, 1904, to pay the interest and
create a sinking fund on x'15,000 bonds issued under ordinance of July
132 1894, since which levy $1,000 of said bonds has been paid, leaving
outstanding $14,000 being the bonds to be refunded by this series of
bonds, is hereby appropriated and set aside to pay the interest and cre-
ate the necessary sinking fund for these refimding bonds for the current
year, and the same having been assessed, shall be collected and so ap-
plied; and said tax is hereby levied for each year hereafter while said
bonds are outstanding, and the same shall be annually assessed and col-
lected and applied to the purposes named.
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