HomeMy WebLinkAbout0158_0010the rate of 20 or so much thereof,, or such greater rate as
may be necessary, on each One Hundred Dollars valuation of all taxable property
in the City of aijorgAto�..iwn , and said tax shah, be assessed and collected
for the current year; and there shall be calculated each year thereafter while
any of said bonds are outstanding and unpaid %hat rate of tax is necessary to
provide current interest and the regaired amount of principal for such year,
and a tax at such rate, within the lawfully permitted rate, shall be assessed
and collected during each of said years, and said tax is hereby ordered to be
levied, assessed and collected and applied to said parpose, The interest due
on said Refunding Bonds on the JZL day of January 19 .14 shall be paid
out of the Rinds hereinafter appropriated and set aside out of the special
fund created for the original bonds herein refunded,
SootJoll 14,,E IT 13 bMILHIM QRD.U12D that a sum sufficient to pay
all interest due Tu -i*, 1at,, 19 ., on said Citvof Georretownp Texas
strAet Bonds , together with 8,000.00 of the principal there-
of, be and the same is hereby set aside and held in the Special ",,f orgetown
.&+-a, 9 flanA w for said purpose; all remaining funds
op rHC QoNOs H eliv /3y R epu N o ro
in said special sinking fundAare hereby appropriated and set aside to the
special " jng 301z4s, •9-erfea-1" fund
created for this issue; and all taxes in process of collection for the benefit
of said special fund for said original bonds are likewise appropriated to the
special fund for this Refunding bond issue, The officers of said City are
hereby directed to take such steps as are necessary to transfer said funds to
the special Bund for this Refunding Boni issue; provided, however, that said
transfer shall be made proportionately from time to time as and ihen said
original bowls have been actually surrendered in exchange for said Refunding
Bonds in such manner that said original bonds not exchanged, 1f any, will &I -
ways be protected by proper interest and sinking fund heretofore provided for
that purpose,
Section 15. IT IS WRIMM (HDAI:'RD that .�.2 tr..r .:_.... Mayor,
Is hereby authorized and directed to take and have charge of all necessary
records pending investigation by the Attorney General, and shall take and have
charge and control of the Refunding Bonds hereby authorized, pending their