HomeMy WebLinkAbout0299_0114to = 4y,_
"RESOLUTION OF TTTR CITY OF GEORGETOWB TEKAS,
CALLING AND ORDERING AN ELECTION TO DE+TERMINS
WHETHER CR NOT THE CITY COUNCIL SHALL BE AUTH-
ORIZED TO ISSUE 125,000.00 IN BONDS FOR THE
PURPOSE OF IATROVING THE WATER -.WORKS SYSTEM AND
TO LEVY A TAX SUFFICIENT TO PAY INTEREST AND
PRINCIPAL THEREOF."
WHEREAS, the City Council of the City of George-
town, Texas, has determined that it is necessary to improve
the Water -Works System of the said City by installing a softener
Ing plant and by making oert&iu other additions and improvements
thereto, and has determined that it will be wise to Finance the
said improvements by the issuance of bands in a sure not to ex-
oeed -426,000.00, bearing interest at a rate not exceeding five
per sent per annum, said bonds to be payable serially in a
,period not to exceed twenty -Five (26) years and the said bonds
to be paid from revenue raised by taxation;
TEMIZVEYDRE0 33 IT RESOLVED, by the City Council of the
City of Georgetovm, Texas,, that an election shall be held on the
1l th day of December, 1)Z6, at which election, the following
quo $tion shall be submitted=
lots Shall the City Council of the City of George-
town, Texas, be authorised to issue bonds of the said City in
ars amount not to exceed $25,000.00, maturing over a period not to
exased twenty-five (26) years and bearing interest at a rate not
to exoeed five (5%) per cent per annum payable annually for the
purpose of improving it existing Water -storks System and Plant and
providing for the payment of the principal and interest of the
said bonds by levying a tax upon all property subject to taxation
IA the said City in an amount suffioient to pay the interest ail,
principal of the said bonds, as same becomes due.
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