HomeMy WebLinkAbout0119_0005est thereon from date hereof at the rate of FIYE(5A)percwent per-
annun, interest payable semi-annually on the lets day of August
and the let day of February of each year, principal and inter-
est payable upon presentation tit and surrender of bond or
coupon at he office of the otate Treasurer, Austin, Texas, or
at theme A at conal `Bank, in the City of mew
York, 6tate of ,yew lark, at the option of the holder, and the
Uity of meorgetown, jexas, is hereby held and firmly bound, and
its faith and credit, and all real and personal property in said
City, are hereby pledged for the prompt payment of the prinai-
pal of this bond and the interest thereon at "turity.
�,ihis bond is one of a series of aerial bonds, njumbered
from one to one hundred and twenty, inclusive, of the denomins-
tion of FIVE HUNDRED(4500,00)DOLLAR9 each, aggregating SIZTY
THOUSA 160.000.00)DozzARs, issued for the purpose of purchasing
the present Georgetown sewer system and making extensions thereof,
under and by virtue title 22, Chapter 7, Arts. 823 to 825 of the
Revised istatutes of 1925 and the Constitution of the ut ate of
Texas, and in pursuance of an ordinance passed by the City
Council of the City of Georgetown, fiexas, on the 13tho day of
aanuary A. D. 1930.
IT I3 Hi'REBY MiTI]'IED AND RECITED That the issuance of
the
this bond, and/series of which it is a part, is duly authorised
by law and by a vote of the qualified taxpaying voters of the
city of Georgetown, Texas, voting at an election held for that
purpose within said city on the 23rde day of December A. D. 1929;
that all sots, conditions and things required to be done presedent
to and in the issuance of this series of bonds, and of this bond,
have been properly done and performed and have happened in reg -
alar and due time, form and manner as required by law; that suf-
fioient and proper provision for the levy and collection of
taxes has been made which when collected shall be appropriated
exclusively to the payment of this bond, and of the series of
which it is a part, and to the payment of the interest coupons
hereto annexed as the same shall become due; and that the total
indebtedness of the said city of Georgetown, Texas, including
the entire series of bonds of whic=h this is one, does not ex-
oeed any constitutional or statutory limitation.