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HomeMy WebLinkAbout0074_0024Sootion Af AUTHO.RXZ331a THE ISSUANQ3 Off' $666000,600 tib" 07' GV011*` OETO NTEAS, STRE2T REFMMINGti SO= FOR T8E �' MOS2 OF R"Mi A x= A2dt tWT Or OXTY OF c�EORGWOW1 # A8* 5TM' �3ONDS# DATZD SUS` it lom '(4) lit Ronda of said City# to bo called VQXTY OF GRORGMriN , TEU3# STIMT,RMMING DOM" be issued under and by virtuo of the Qono otitution and 1.aVM of do State at Taxes to the amount of Steck SIX TxOM%ND DOLL AR9t (066,&000'x00) t for te© ptac pone of refunding staohnodi rondo - in lieu of a liken amount at le 1'iy ioou0d� and out ding � and which aro valid ohlt�t oaa�t o the city at Goo7rsetowu Texasg and particularly described ae follows: City of docargmtownl. Toxaat street Ronda„ datod Fuss 2st# 19228. duo forty ye arra after data optional ton years after date* bow aixty-a x bonds of tho done Ina►tion of $1 jO00r40 each, of an original issue of a ghtp-five bondat authorized by an ordinance panned by tho City Council of the city of Georgotow on the 10th day of Apri10 1932 which isr000rdod in the, minutes of said Council* The number$ of the City of Seorgoto , Stroot bonds described above which are to by refundod aro an f ollowa f Bonds Nose, 11 to 37 inclunive; 43 to 44 indlusivol 47 to 64 inolusivat 50 to 70 inclusive and 72 to 85 1nolusiv4 being a total of 0660000#00 bonda of the donom nation of 1 000sQ0 oaoir (b) said Street Rotundins Bonds shall be nuxmbored oongooutivoly from ane (1) to oixty«nix (661 inoluoivoo shah, be at the den=1nattion: of Ono Thouna nd (01 OOOoOO) dollars oaoh, aggregating said sum of Slzty~eiz Thousand D66#, 000 00) dollarof (e) Said. Herunding Bonds shall be dated the lot day Of -Tiny 193.5# and shall. boocmo due and payablo aerially as follopas BOlm 1 Em DATZ OF mATtif�.TTr AIIOURT 1 yuty Ist $ 1938 1#1000 *00 2-3 inclusive Tuly let, 1937 2jO0O#Q0 4-6 inclusive My Into 1030 #000!#OO 7 -*8 inoluaivo may Into .1939 Sj000400 0-1.0 Inolusive My lata. 1,040 2*000*00 114112 inclusive July let; 1.041. 4000401 13"14 inclusive July iatt 1942 #000600 16-18 inolueive auly lot# 1943 2$000,600 17-.v10 inclusive MY lots 1.9 0*000, 00 19.420 Inclusive ruzy .s tt 1048 20000600 '21,422 Inclusive July Ist1 1.940 *0006' 00 XZ.034 inclusive July late, 1947 81000x40 254-26 inclu3lve Ju17V is 1 2.948 2S000,000 27«29 -inclusive, My latq 3.049 2*000#00 80.630 inclusive auiy lots, 1950 20000#00 33.--34 inoiusivo duly loti 1.051. SiO00400 37«638 09.440 Inclusive inclusive :Uly let 1952 July lot$ ,1.953/ 2*000,400 M00000 41-42 Inclusive 'Taly lot# 1956 2#00040 43444 inclusive 3,01 y fats 1065 2, 000.00 45»40 lncluoivo July l t$ 3fldd 2;Oa0„O0 4749 inolusive July int# 1967 *000;00 SO 52 inclusive July late loss 31000000 53-55 1 nolunive July .lot„ 1989 000400 88»58 inclusive July let; 1.960 :000400 59-68 ,inol.usive duly Sot# 1.061. ,aflQ4*QO 63-.66 inclusive July let* 3.988 $00016-00 tri) The City Council aiTi=ativel.y ad judges that tho fin atnoial gond ition of the City of Goorsetown wall not permit the 1►a3mont of said Rorunding Bonds in suoh installments as 'dill make the burdon Qf tax- ation to support the same approxizatdy unifo=# thrc h+but the term � of said issue nlass it aball be found that the maturritios above not out do malm th burden of taxation approximately uniform, (9) said Refunding .Donna shall boar interest as followat Bonds numbers one to thirty 1-30) ianoluolvo shall boar interest at the gate of four poxoont (4%) dram date until paid and Brands numberod thirty -ono to sixth- six (31-00) Indlu►si,aa f oball hoar interest at -the rata of four and one half percent ( } per annum until paido -0 2g0015 4S