HomeMy WebLinkAbout0160_0012AN ORDINANCM
AtITHORIZING 'THI I SMANOR OF $669000.00 CITY OF MORMI OWN# TEXAS, STIMW
REAMING 30HD34 FOR THE PURPOSB OF BEMTNDIAG A LIBS AIVUN'1' OF CITY OF
GECRGHTOWN# TERAS# STRq,ET DOND39 DATIM JURE 13Ts 19221 LZMNG A TAA TO
PLY THE PRINCIPAL AND I W V1. ST OF &AID REFUNDING BONDS # AND DHCIA RI NG AS
MMGERCY#
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1RHP MB* Mare are now outstanding certain legally issued Street
Bonds of the City of Georgetowng Texas# dated ,bras Ist# 1922 uhlah were
authorised and i sued in all respsoto in accordance vi th and in conformity to
the Constitution and taws of the State of Texasl and
WHRMPAS„ the City of Georgetown has exeraised its option to call,
In said bonds for redemptions and has given notice as required in the face
of said bonds, of its intention to redeem sMd borAs on the First dry of
July# 1939 and=
WfiMMS9 there is on hand and to the credit of the Sinking Furan
of said bond issue a sun sufficient to psy the interest on said bonds and
redeem $89000,00 of the pri.noipal thereoft aid
Wf3 i%S# the City Connell of the City of Georgetown finds that it
is desirable and to the best financial Interest of said City to issue now
bonds in the aggregate anount of $66,000.00 for the purpose of refundings can•
oelling and in lien of the reminder of said bonus; TMZEMRB
BE iT ORDAINED BY THS CITY COUNCIL OF THE CITY OF GHORGIVOWNs
Seojion 1. That bonds of said City# to be called "CITY OF
GMRG?,TOWV# TEXAS STREW REFUNDING DOIW89 be issued ander aid by virtue of
the constitution and laws of the State of Texas# to the amount of SIXTY
SIX WOU&M DOILM'# ($66,000.00), for the purpose of refunding, cancelling#
and in lieu of a like amount of legally leaned anti outstanding bonds, ahioh
are valid obligations of the City of Georgetown, Teras# and particularly
desoribed as follower
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