HomeMy WebLinkAboutORD 10.18.1910 - Waterworks BondAN ORDTNAVCR ATT'►'HORTZIN3 TRF 1SST1A1kTC,R OF PONDS FOR THE PURPCiBR
0P' CONSTRUCTI110 A WATERWO}98 PLANT IN THE CITY OF GRORGRTOW_"T j
T_+MAS, AND PROVIDING FOR THR LEVY AND COLTZCTION OF A TAR TO PAT
THE INTRRXST AND CREATE A SINKIITC; FUND FOR THE RF.D191PTION OF SAD
BONDS AT MATURITY.
Wkereas, at an election bell for the purpose on the l?tk
day of Ostober,A.D., 1910,a majority of tke qualified voters,
wke are property tax payers of tke City of Georgetown, Texas,
voting at said election, sustained tie proposition to issue
bonds keroinafter described by a vote of 216 for the issuance of
bonds to a veto of 24 against the issuance of bonds, therefore,
1. Be it ordained by the City Council of the City of
Georgetown,Tezaa, tkat tke bands of said City to be called *City
of Georgetown Waterworks Boards, "be issued under and by virtxe of
Article 488, Revised Statutes of Texas, 1895, for the purpose
of constructing a waterworks plant in said City.
2. Said bands shall be numbered consecutively from One to
Tkirty-two, inclasive,shall be of toe denomination of One Tkous-
and 01,000AO) Dollars Back, aggregating the sum of Tkirty-two
($32,000.00) Dollars.
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#. Tkey shall be dated tke lot day of Deeember,1910, Rskall
be due and payable Forty years from their date, but nay be re-
deemed at the pleasure of tAe City at any time after Tea years
from their date.
4. They shall bear interest at tke rate of Fine per cent
per annum payable semi-annually on the lot day of December and
tke lot day of June of eack year.
5. Principal and interest shall be payable on presentation
and surrender of bcnJ, or proper ooupon,at the office of tke Statt
Treasurer,Austin.Texas, or at the Fourth National Bank,New York,
N.Y., or the Harris Trust and Savings Bank, Ckicago, 111.
6. Said bonds shall be signed by tke Mayor, countersigned
by tits City Secretary and registered by tke City Treasurer, and
tke seal of the City nkall be impressed upon each of tkem.
7. Tkes fac-simile signatures of the Mayor and City Secret°-
tary may be litkograpked on the coupons.
8. It is f'urtker ordained by the City Couneil,tkat to par
tke interest on said bonds and create a sinking fund sufficient
to disckarge tiem at maturity, a tax of Twelve cents on tke One
Hundred Dollars valuation of all taxable property in said City
of Georgetown,Texas,skall be annually levied on said property
and annually assessed and collected until said bonds and later*
eat are paid, and said tax is kere now levied for the currentz m
year,and for sack succeeding year while said bonds are outstand-
Ing, and tie sarte shall be annesse:d and collected for tke current
year and annually kerb after and applied to the purposes na-med.
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i"i,' CONSTRUCTING AN FLrCTRIC LIGHT PLANT IN TH'-' CITY OF GFORGVTOTN,TFXAS,
• ♦ 1't! t( 'a *; C` H + ♦ rr # a !� t + ra.. n-. T i1 P'� rr I r � ,t^t T g.1
':�,� ' Vaty - i J �;. , Iw sie1 C3 � a1. a.,� _ J4 J� C'� A i,s`t _ Ply � a':1 ' a i
da `•'i i' .'1' i A �
7horeaa,a t an oi"ntion held for tnr� nurnone on the 17th day
of na j ori.ty of tho o*al i f t od voter», "h1 n.rn
nrorerty tnx payers of the ('ft,y of ►eorarsto n,''s3xtts3,votin at said
nloction,nustainod the prop^sition to lsnue+ Vie bonds hereinafter
described by a vote of 214 .._.,�. for the isiva.nce of
finnds3 to a vote of 25 _ _ , w;ainat the is -
nuance of bands, thoretor*+,
1.- Wr-' IT DRt..il;+"�tD by the t,iir Cocricil of the City o
town, `i pxas3, that the bones of Aftid city to bo c €al l,!d " city of
� o3 orsAto-~n tstsxxxs �'lectria Light ',ands ; be is ciund un der
=an4 by virtue of Irt'iein 4^te,Pevlped rta•tutn s of 'IRct�ss,l? F,fi.�r the
r#eerronA of constructing an electric light plant in said city.
P.- `"raid bon In shall ►vmimbnred enns3emitivnI7 f-we one to
Thirmt Thirteen . inclusive, shall ba of *he denoraination
of ^ne hounand Dollars oaoh, a,� ro-at in , the ssia
of Siataat Thirteen Thousand f 13� OnO. fl0� Dollars.
'�. - '�'hoy saha.l l be dn.tad t'ae 1st c'av of December
_....x. ....r _._ __.....r .. _ __.
1910 ,shall boon►s:e dues and payable, Forty years fr,),a *At*
teI- date,but ma-, be redpm-ned at the rl.oaqu--i of th;!# City at
anii tine after "e*a yo nary fr13-i thitr late,
4.- 'they shall bear intmrAest at th^ rats of five P-r cent Der
annun r.•ayable swai-annually rn the 1st day of December
And the let day of June of e9uo'a yesar.
Prt+.oiral and intefrent shall be payable on pre nentation
and! surreneer of bond,or rroror eonron0 €!t the office of the state
Treasurer at Austinjaxas', or at the Fourth f�ta"iona2'" anTc; Ni��v Yor ;R.
Y.Lor at the uarris Trust and Savings Hank, Chicago,T11,
O.aid bonf's shall be eiTned by the ;.;wror,co►tntesrsi *Tied by
tho i tty Fr ,#creta;ry and registered by they City Trea,s'arer,and the
seal of th^) City srlall be imrresned upon each of theme
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7. �- '-'ho fac-Pitile "i_�r1at1riAea Ofthe "r:yor and City c.Pereta.ry
may be litho 1r€.phed. on th<- courone.
P.- It ii furt'apr ortlairiml by Vie City 0O"'1cil,t",ha.t to ra"r t,ane
interest on :said ,arrrtj8 ,:qjd c_e,,jto ra slwin t fund suffictent to
di.sebar,;e t'jem at .anti-irity,a tag of five ._..f _ cortm
on i,nc., sine ii-nr'roO "�ollir_3 valuation of all taxable nronerty in
eatd l'ity of be annually levied on eaaid
r,rorerty and annually assossed ai1rd collected until said bon-ls
and interest are rae;.lc, f-inA call tax is h-re noir leyi.ad t - r tie our -
rant ;dear, rsnd for each succeedin;; year rhile cairl t rar, ,;- ar- out-
Pta.ndinn;, onC tier ripme shall be arspesmsd P.nd colt "ctAd for the cur-
rent year and annually' hrr rafter and arplieed to the rure^see
Tt 1,a a.l.rc hr, r: ira�� 'hrit R.7.�1nard M.yor of said Ci f_
be niitlr rorl7oed to taIrm aa.nd have chrar.;re of oa.id
bon,ia rean(iin7 their invo"tirfttion by the Attornev Gmneral,and upon
their approval and re;istration shall have authority to ne otlate3
tl,roir sale an-1 recr i.ve for the City the proceeds thereof.
passe(i aritd a.r)pr,)v€rd an the 11;th day of October
m
A*Ltnot:
ieX�O2 of Una (`iof`r!?f7'"itf)'i1,'�?�S2ti3.
Geo..KiaaJ ny, _ .
City ^ecretary or the City of ,norp-etorm,`:.'exas.
The State of Texas,
County of rilliamson. ae
1,Geo.Keahey0City Secretary of the City of Georgetown,Texas,
hereby certify that the foregoing is a true and correct copy of an
ordinance passed by the City Council of the City of Georgetown,
Texas,on the 1Sth clay of October,1910,a quorum being present,ap-
proved by the Mayor on the lAth day of Cctobe3r,1910, and of re-
cord on page '75 Book `' , of the minutes of said
City Council..
Witness my hand and the seal of said city,this they dt h
day of November,1910. "g' �`
C
City Seere3tary,City of Georgeto i' exae.
Al