HomeMy WebLinkAbout0217_0032light plant and power system, an& provide for the
payment of principal and interest on the said bonds
by pledging the net revenues from tier operation of
such plant ane system to the extent of six hw2drad
($600*00) dollars per month# out of each month's
gross income , an& further supporting and securing
the payment of sail bands and Interest by placing
a mortgage on the said present electric light a
power system aiA improvements thereto, In accordance
with law, to the extent of the said amount speeifielj
provided, that the holders , of said bonds shall never
have the right to demand payment out of any funds
raised cull to be raised by tasations 9v
Rads That the said election shall be bald at the
City Fire 8tstion withLA the said City) with the following
s le otion of fi ci ale to�wit t H. Rw Cri tzberg, Presiding Judge •
Zrlt That the said election shall be under the
provisions of and in accordance with the ]awe of the Mate of
Texas governing the issmance of municipal bands in cities and
toams, and only q»alified electors who own taxable property
in the State and County and this City and vho have duly
Tendered the sane for Um tion shall to qualifie l to vote at
sait election,, and all such eleotars shall tote in the
election precinct of this elt o in which they reside.
All voters who favor the propostion to inane
the said bonds sell have written or printed on their ballots
the following wordst
*1OR TU ISSUA;tCE CF L112ITT PUNT A."D PG
SYSTZX RE VE= B0N?S e s
AU of those opposed to the issuance of the sant
bonds shall have written or printed on their ballots the wordst
'RAGLLIRST 512 ISSUASCE CY LITUT FLAI;T AND POWER
SYSTEM REVEMB BOB.D3.4
The Itayor of the said city is authorizodi anis is
hereby direotell to eauee this a copy of resolationt, an notice of
said elsetion, to be posted U three public places in the said
City, one of which shall to the City Hall, for at least fifteen
full flays prior to the date of the said elect ion; the said pub•
lioation to be ccmple tel within, lass than thirty days from the
data of this resolution*
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