HomeMy WebLinkAboutORD 10.31.1974 - Bond Issuance for Sewer System Improvementsi'Ik
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BY THE CITY COUNCIL OF THE CITY OF GEORCETOWN, TEXAS, AUTHORIZING
THE ISSUANCE OF REVENUE BONDS OF SAID CITY IN THE TOTAL PRINCIPAL
AMOUNT OF $700,000, OF WHICH $400,000 OF BONDS ARE AUTHORIZED FOR
THE PURPOSE OF CONSTRUCTING EXTENSIONS AND IMPROVEMENTS TO THE
CITY'S SEWER SYSTEM; AND $250,000 OF BONDS ARE AUTHORIZED FOR THE PURPOSE
OF CONSTRUCTING EXTENSIONS AND IMPROVEMENTS TO THE CITY'S ELECTRIC
LIGHT SYSTEM; AND $50,000 OF BONDS ARE AUTHORIZED FOR THE PURPOSE OF
CONSTRUCTING EXTENSIONS AND IMPROVEMENTS TO THE CITY'S WATERWORKS
SYSTEM; PRESCRIBING THE FORM, TERMS AND CONDITIONS OF THE DONDS AND
THE FORM OF THE INTEREST COUPONS; PLEDGING THE REVENUES OF THE CITY'S
COMBINED WATERWORKS, SEWER AND ELECTRIC LIGHT SYSTEM TO THE PAYMENT
OF PRINCIPAL OF AND INTEREST ON SAID BONDS AFTER DEDUCTION OF REASON-
ABLE EXPENSES OF OPERATING AND MAINTAINING SAID COMBINED SYSTEM;
MAKING CERTAIN COVENANTS; ENACTING PROVISIONS INCIDENT AND RELATING
TO THE SUBJECT AND PURPOSE OF THIS ORDINANCE; CONFIRMING THE SALE
OF THE BONDS; AND DECLARING AN EMERGENCY.
(Reference Bond File Series 1974)
ATTEST:
i
ity Secretary - (Acting) Joe E. rawford, M�