HomeMy WebLinkAbout0200_0015existing light plant and power system, and to provide for
the payment of principal and interest on said bonds by
pledging the net revenues from the operation of such light
plant and power system to the extent of SIX FIMRED,
($dt O*00) out of each sonth*s gross income, and further
supporting said bonds by placing a mortgage on the present
system and Improvements thereto in accordance with law,
to the extent of said amount specified) provided the
holders of said . bands shall never have the right to demand
payment out of any funds raised and to be raised by
taxations."
g. That ,said election shall be held at the
following place in the said City„ and the following named
person is hereby appointed manager thereof, to -wits
At the City Fire Station within said City* with
the following election official:
/? .
„JJ Presiding Judges
a. That said ele:c t ion shall be under the provi s ions
of and in accordance with the laws governing the issuance of
municipal bands in cities and towns, as provided in the general
laws of Texas, and only qualified electors who own taxable
property, in the State, County and City, and who have duly
rendered the same for taxation,, shall be qualified to vote, and
all such electors shall vote in the election precinct of said
City*
ALL VOTRRS who favor the proposition to issue the
said bonds shall have written or printed on their ballots, the
following wordet
"FOR VR I',SUA14CR OF LIGBT PLANT A M
POWER MYrIM REVEIME BONDS*"