HomeMy WebLinkAboutORD 1974 Bond Issuance for Fire Station=I LA 7
AN ORDINANCE
BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, AUTHORIZING
THE ISSUANCE OF BONDS IN THE TOTAL PRINCIPAL AMOUNT OF ONE HUNDRED
SEVENTYFIVE THOUSAND DOLLARS ($175,000), OF WHICH $100,000 OF BONDS ARE
AUTHORIZED FOR THE PURPOSE OF CONSTRUCTING A PUBLIC BUILDING TO BE
USED AS A SUB FIRE STATION; $25,000 OF BONDS ARE AUTHORIZED FOR THE
PURPOSE OF CONSTRUCTING STREET IMPROVEMENTS (WITHIN URBAN RENEWAL AREA);
$25,000 OF BONDS ARE AUTHORIZED FOR THE PURPOSE OF CONSTRUCTING
EXTENSIONS AND IMPROVEMENTS TO THE CITY'S WATERWORKS SYSTEM (WITHIN
URBAN RENEWAL AREA); AND $25,000 OF BONDS ARE AUTHORIZED FOR THE
PURPOSE OF CONSTRUCTION EXTENSIONS AND IMPROVEMENTS TO THE CITY'S
SEWER SYSTEM (WITHIN URBAN RENEWAL AREA); PROVIDING FOR THE LEVY, ASSESS-
MENT AND COLLECTION OF A TAX ON ALL THE TAXABLE PROPERTY WITHIN THE
LIMITS OF SAID CITY TO PAY THE INTEREST AND CREATE A SINKING FUND FOR
THE REDEMPTION THEREOF; ENACTING PROVISIONS INCIDENT AND RELATING TO
THE SUBJECT AND PURPOSE OF THIS ORDINANCE; AND DECLARING AN EMERGENCY.
(Reference Bond File Series 1974)
ATTEST:
City Secr ry - (Acting)
L.3
AN ORDINANCE
Joe E. Crawford,-, Mayavzz:::�_4
BY THE CITY COUNCIL OF THE CITY OF GEORCITOWN, 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 BONDS 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:
Ct-ity Secretary - (Acting) Joe E. rawford, M %