HomeMy WebLinkAbout0216_0031for the said purpoae, area at the sat& eleetion it was hateraineQ
that said bands ghculd be Issued; but tbat in giving the 32OUSe
of the saidt election a adst,ake was meAso in that the said
election was bold at a date war* than thirty days after the
date of the resolution orderIng the same, and that by reason
thereof a question way be raise& as to the validity of the
salt election; AID
M's1RU3* the City Council of the said, City
is now Of the olaWon that it is to the best interest of the
said C11W that the said Improvements should be mate and, the
said revues bonds sboult lee issued for the purpose of
iaeproving the &at& electric light system of tbA said City;
aaad is of the opinion that the gaate stion incident to the
TalUity of the a le ca tion above co ntione d should be s limina to d:
and that anothe r sic otion abould t►e be It for the purpose
of determining wbether or net tae said, City shall Issue
rer►enue bonds in the sum of sixty thousand ($60,00040)
dollars supported on]g by a mortoAged placed on the existing
systes and tbo iapro omtnts to be oonstructed and by a
pledge of six hund2t& 0#600000) dollars out of each month*s
dross 1ntaoue of the said electric light system of the said
City for tho purpose of f i vane ing the said Improvease nts ; and
that the said bo s be in no wise supported by an ad-valores
tax on property of the said City= TEMIEFOR19
lid IT RI o -LM by the City Cavnail of the City of
04argetovag Toxass
1$t# ThAt an ele soon shall be belt on ahs Elst
day of July A* D• 1%A6 at wbich election the following
question sbhla be submitted$
*hall the City Council of true City of 0corg°etovm,
Texas r be aa►uthorizeA to tsous revenue bonds of t,:e
said City in tie amount of sixty thousand Q60 000*00)
dollars, maturing aver a period not to exceed 10
years, bearing interest at a sats not to exceed (41-A
four axed one -waif per cent, payable semi-annually s
for the puroae of i-Trovi4g Its eaistiiag electric
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