HomeMy WebLinkAbout0191_0006rinasnsea by the isewane of securities supported w334 by a
jeo,rt plaoed on the existing systea,, the ireprvvementssss to bs
oonstrueted, and by a pledge of ne t revenues from the operation
Of suaI► soyst*Mw to the extent of SIX RMRED ($600*04) DOLLARS
out of each month's ,gross income frost the operation of sed. d
light plant anti pover system, axut in no wise supported by an
a& valorem tax on property in the Cit? j and#
R, the City Council of the City of 4eorge.
town,, Texas, deans It a dvi saable to Jaime Rs va sates Bond* of the
said City for the purposes bareinaf ter sra ntione d
Tf ii ME30 BE IT RESOLVED AND ORDEMD BY TEM CITY
COUNCIL OF THE CITY CF GEORGI:TOWNS, TEXASt
1• That an election be held on the 23r4L shay of
June a, la D. 19 , at which eltotiosst the following prop0013.110ss
Shall Us submi tte is
*SHALL the City Council of the City of
George town, Texas* be authorize & to issue Rete mw bonds
of ea3si City in the amount of SIXTY THOUSAND 060000 000)
DOLLARS* Maturing over a period not to exceed Esq years*
bearing Interest at the rate of not exceeding per eento
payable &ami-sar%a31y„ ibr the purpose of Improving Its
existing light plant and power system* and to protide
for the payment of principal and Interest on said bonds
V pledging the not revenues from the operation of
such light plant and, power system to the extent of SIX
]MIDRED DOLLARS ( 6W•t?a) out Of each monthta groes
income # aril further supporting sai& ti cants by placing a
ssac>rt,, acs on the present systan and imprcn ments thereto
In aeocs'rdax>oe with law, to the extent of *aid amount
apseifiedi provident the holders of sait bonds shall never
have the right to demand payment out of any f'ands wa iaee d
and to be raised by taxations 0
Ler That sait elections shall be helm at the follow -
ling place in the &aid City, and, the fallowing named, person to
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