HomeMy WebLinkAboutORD 71-05 - Authorizing the Issuance of $275,000 Bonds229
ORDINANCE AUTHORIZING THE ISSUANCE OF BONDS
THE STATE OF TEXAS
COUNTY OF WILLIAMSON
CITY OF GEORGETOWN
On this the 15th day of March, 1971, the City Council of the City of George-
town, Texas, convened in special session at the regular meeting place thereof
in the City with the following members present, to -wit:
JAY C. SLOAN,
HUBERT BROCK
WILLIAM EANES
J. D. WININGER
HARRY GOLD
JOE CRAWFORD
CLAUD EARS,
MAYOR
Councilmen
City Secretary
and the following absent: None, constituting a quorum, when the following, among
other proceedings were had, to -wit:
Councilman Gold introduced a proposed ordinance which was read in full.
Councilman Wininger moved that the rule requiring ordinances to be read at more
than one meeting be suspended. The motion was seconded by Councilman Eanes.
The motion carried by the following vote:
AYES: Councilmen Brock, Eanes, Wininger, Gold and Crawford:
NOES: NONE
Councilman Brock moved that the ordinance be passed finally. The motion was
seconded by Councilman Crawford. The motion carried by the following vote:
AYES: Councilmen Brock, Eanes, Wininger, Gold and Crawford:
NOES: NONE.
The Mayor announded that the ordinance had been passed finally.
The Ordinance is as follows:
AN ORDINANCE 7
BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, AUTHORIZING THE
ISSUANCE OF REVENUE BONDS OF SAID CITY IN THE TOTAL PRINCIPAL AMOUNT
OF $275,000 (BEING THE SECOND AND FINAL INSTALLMENT OF A TOTAL VOTED
AUTHORIZATION OF $675,000), OF WHICH $175,000 OF BONDS ARE AUTHORIZED
FOR THE PURPOSE OF CONSTRUCTING EXTENSIONS AND IMPROVEMENTS TO THE CITY'S
230
WATERWORKS SYSTEM; AND $100,000 OF BONDS ARE. AUTHORIZED FOR THE PURPOSE
OF CONSTRUCTING EXTENSIONS AND IMPROVEMENTS TO THE CITY'S ELECTRIC
LIGHT SYSTEM: PRESCRIBING THE FORM, TERMS AND CONDITIONS OF THE BONDS
-AND THE FORM OF THE INTEREST COUPONS: PLEDGING THE REVENUES OF THE
CITY'S COMBINED WATERWORKS, SEWED AND ELCTRIC LIGHT SYSTEM TO THE
PAY MT OF PRINCIPAL OF THE INTEREST ON SAID BONDS AFTER DEDUCTION OF
REASONABLE EXPENSES OF OPERATING AND MAINTAINING SAID COMBINED SYSTEM:
MAKING CERTAIN COVENANTS OF SAID CITY WITH REFERENCE TO THE BOND FUND
FROM WHICH SAID PRINCIPAL AND INTEREST ARE TO BE PAID': ENACTING
PROVISIONS INCIDENT AND RELATING TO THE SUBJECT AND PURPOSE OF THIS
ORDINANCE: CONFIRMING THE SALE OF THE BONDS: AND DECLARING AN EMERGENCY.
PASSED AND APPROVED at a meeting open to the public, this the
15th day of March, 1971, after public notice of the time, place and .
purpose of said meeting was given and posted as required by law.
ATTEST:
Mayor, City of Georgetown, Texas
CITY SECRETARY
APPROVED:
City Attorney