HomeMy WebLinkAbout0152_0004AA ORD114A dCS
AUTHORIZI-IG THE ISSUANCE OF 466,000.00 CI'"Y OF GEORGETOWN,
TkLUS SMELT R}::YUNDIWG BONDS, -%-'t0:Fd"*-3, FOR TH9 PURPOSE
OF "YMIDING A LIKE A IOUNT OF CITY OF GEUHGETOWNs TIOCAS,,
ST iET BONDS, DATt0 JUNE 16T, 1922: LEVYING A TAX, TO PAY
THi: FRINCIP" JVD INTEHLS'2 UP SxID Rz'VULt17IAG 3Uid1)S, AND
D.dCLARING All ELERGENCY.
WhEHEAS, there are now outstanding certain legally
issued Street Bonds of the City of Georgetown, Texas, dated
June lst, 1922 which were authorized and issued in all
respects in accordance with an in confor,Aty to the Constitution
and laws of the State of Texas; and
1+HEREAS, the City of Georgetown has exercised its option
to call in said bonds for redemption, and has given notice
as required in the face of said bonds, of its intention to redeem
said bonds on the First day of July, 1935 and:
WHhhSA3, there is on hand and to the credit of the
Sinking Fund of said bond issue a sum sufficient to pay the
interest on said bonds and redoem $8,000.00 of the
principal tliereof; and
WHERLAS, the City Council of the Uity of Georgetown
finds that it is desirable aid to tho best financial interest
of said City bo issue new bonds in the aggregate amount of
$66,000.00 for the purpose of refunding, canceling and
in lieu of the remainder of said bonds; THEKLFUK&
BE IT ORDAINEJ 3Y TILa CITY COLLNIL OF TIIE CI'4'Z OF GEURG.dTOWNg
Section 1 T=iat bonds of said City, to be called "C17Y
OF GEORGETO1d'd, T�1S STHE,�T REF1TWDI,TG BONDS, be
issued under and by virtue of the Constitution And laws of the
State of Texas, to the amount of Sl -TY SIX THOUS.LaiD DOL:'ARS,
($66,000.00), for the purpose of refunding, canceling, and
in lieu of a like a-nount of legally issued and outstanding bonds,
w_ich are valid obligations of the City of Georgetown, Texas,
and particularly described as follows; Is