HomeMy WebLinkAbout0316_0010AN ORDINANCE AUTHORIZING THE ISSUANCE of BONDS OF THE
CITY OF GEORGETOWN, .TEXAS, .FOR THE PURPOSE OF 0014PLETING
THE CONSTRUCTION OF THE 'EATER WORKS PLANT OF SAID CITY, AND
PROVIDING FOR THE LEVY AND COLLECTION OF A TAX TO PAY THE
INTEREST AND CREATE A SINKING FUND FOR THE REDEMPTION OF
SAID BONDS.
Whereas, at an election held on the 15th day of
November, A. D. 1913, the majority of the gtalified voters,
who are property tax payers of the City of Georgetown, Texas,
voting at said 4leotion, sustained the proposition to issue
the Bonds hereinafter described, by a vote of 124 "for the
Issuance of Bonds" to a vote of 82 "Against the issuance of
Bonds". Therefore,
late Be it ordained by the City Council of the City
of Georgetown, Texas, that the Bonds of said City, to be
called "City of Georgetown Water Forks Bonds, Second Series",
be issued under and by virtue of the provisions of Chapter
Ones Title 18, of the Revised Civil Statute• of Texas, 1911,
for the purpose of completing the construction of the Mater
Works Plant in said City.
2nds Said Bonds shall be numbered consecutively from
One (1) to -Twenty-seven (27) inclusive, and shall be of the
denomination of FIVE HUNDRED ($600.00) DOLLARS each, aggrega-
ting the sum of THIRTEEN THOUSAND FIVE HUNDRED ($130800.00)
DOLLARS.
3rd,- They shall be dated the =day of
- 191& shall beo4me due and payable forty (40) years from
their date, but may be redeemed at the pleasure of the City
at any time after ten years from their date.
4ths They shall bear interest atsthe rate of 8% per
annum, payable semi annually on the day of
and the day of of each year.
8th,- Principal',/
and interest shall be payable on
presentation and surrender of Bond or proper coupon at the
Office of the State Treasurers Austin, Texas, if said Bonds