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HomeMy WebLinkAbout0108_0002City Ordinance Calling for Bond El'eotion to Purchase Sewer System for Georgetown, and kaking improvements and extensions of Same& An Ordinance of the City of Georgetown, Texas, calling and ordering an election to be held in the said City on the 23rd, day of December A. D. 19290 by the voters of the said City qualified to vote at such an election to determine whether or not the said City shall is. sue its bonds in the aggregate sum of $6000000000 to be in denominations of $300.00, eaoh# and to bear interest from date thereof at the rate of Five per cent per annum, payable Semi-annually, and bearing from maturi- ty at the same rate of interest; and to authorise the levy and collect- ing of taxes sufficient to pay ;aid bonds and interest, when due, as it accrues. The sail bonds to be due and payable# serially# four each year# for from one to thirty years from date thereof; said bonds when so issued, to be used in the purchase of a Sewer system for said City, and to extend same throughout said City. BE IT ORDAINED BY THS CITY COUNCIL OP TH$ CITY OF G30RGFTO1Z* TW.AS: Seo, 1. That an election is hereby called ani ordered to be held in and for the said City on the 23rd, day of December A. D. 1929, by the voters of the said City qualified to vote at such election to determine whether or not the sail City shall issue its bonds in the aggregate sum of $60.000.00# to be in denominations of 11500.00,eaoh, and to be due and payable# serially# four each year, from one to thirty years after date thereof, and until all have been paid; said bonds to bear interest from date at Five per cent per annum,payable annually#interest to be evidenced by coupone,which shall bear interest from maturity thereof at Five per cent per annum; and to authorize the levy and collecting of a tax by said City, sufficient to pay the said bonds and the said interest,when due, as it accrues; the sail bonds,when so issued, are to be used in the purchase of the present Georgetown Sewer system and making extensions thereof. 800. 20 That the Said election shall be held at the City Hall building 3n said City, and shall be hell in the manner and form required by law for the holding of such elections. That only qualified taxpayers of said City shall be allowed to vote All voters who favor the proposition to issue the bonds shall have written or printed upon their ballots the words: "For the issuance of Bonds." Ami those opposed shall have written or printed upon their ballots the words: "Against the Issuanee of bonds." Seo. 3. That W. I. Stump and D. TO Whitworth are hereby named, app pointed and constituted as judges and officers of the said eleotion,and are hereby empowered to appoint such clerks and assistants as they may deem neoessary,and are hereby empowered to do all things necessary and proper in the holding of the said election. Seo. 4o That the Mayor, of said City, M. F. Smith# is hereby dim reated to cause this ordinance to be published once each week for four consecutive weeks in the Williamson County Sun, a newspaper published in said City# the first publication to be not lees than thirty days prior to the date of the said election; and the said Mayor is hereby directed to cause a copy of this ordinance to be posted at three public places in said City, at least thirty days prior to the date of the hold- ing of the election; that when so published and posted,this ordinance shall be and constitute notice of the said election. PASSED AND APPROVED THIS TIM 18th,Z DAY OF NOVINiB:I A. D. 1929. Attest: me F0 Smith M0 L0 Cates City Clerk, City of Georgetown, Texas, layor, c; ty o eorgetovrn,Texas.