HomeMy WebLinkAboutORD 12.08.1913 - BondsAN ORDINANCE AUTHORIZING THE ISSUANCE of BONDS OF THE
CITY OF GEORGETOWN, .TEXAS, .FOR THE PURPOSE OF 0014PLETING
THE CONSTRUCTION OF THE 'EATER WORKS PLANT OF SAID CITY, AND
PROVIDING FOR THE LEVY AND COLLECTION OF A TAX TO PAY THE
INTEREST AND CREATE A SINKING FUND FOR THE REDEMPTION OF
SAID BONDS.
Whereas, at an election held on the 15th day of
November, A. D. 1913, the majority of the gtalified voters,
who are property tax payers of the City of Georgetown, Texas,
voting at said 4leotion, sustained the proposition to issue
the Bonds hereinafter described, by a vote of 124 "for the
Issuance of Bonds" to a vote of 82 "Against the issuance of
Bonds". Therefore,
late Be it ordained by the City Council of the City
of Georgetown, Texas, that the Bonds of said City, to be
called "City of Georgetown Water Forks Bonds, Second Series",
be issued under and by virtue of the provisions of Chapter
Ones Title 18, of the Revised Civil Statute• of Texas, 1911,
for the purpose of completing the construction of the Mater
Works Plant in said City.
2nds Said Bonds shall be numbered consecutively from
One (1) to -Twenty-seven (27) inclusive, and shall be of the
denomination of FIVE HUNDRED ($600.00) DOLLARS each, aggrega-
ting the sum of THIRTEEN THOUSAND FIVE HUNDRED ($130800.00)
DOLLARS.
3rd,- They shall be dated the =day of
- 191& shall beo4me due and payable forty (40) years from
their date, but may be redeemed at the pleasure of the City
at any time after ten years from their date.
4ths They shall bear interest atsthe rate of 8% per
annum, payable semi annually on the day of
and the day of of each year.
8th,- Principal',/
and interest shall be payable on
presentation and surrender of Bond or proper coupon at the
Office of the State Treasurers Austin, Texas, if said Bonds
are sold to the State School Fund# but if not sold to the
State School. Fund then the Rare shall ba navabla &
Otht- Said Bonds shall be signed by the Mayor,, counter-
signed by the City Secretary and registered by the City
Treasurer, and the Seal of the City shall, be impressed upon
each of them..
7tht« The fac simile signature of the Mayor and the
City Secretary may be lithographed on the oouponp,
Sthtw It is further ordained by the City Council,, that
to pay the interest on said Bonds and create a sinking fund
sufficient to discharge them at maturity,, a tax or i'-dZ —
cents on each ONE HUNDRED 0100,00) DOLLARS valuation of
all taxable property in the said City of Georgetown, Texas,
shall be annually levied on said property and annually
assessed and collected until said Bonds and interest are
paid and sai4 tax is hero now levied for the current year
and for eaoh'`suoossding, year while said Bonds are outstand-
ing, and the ,same shall be assessed and collected for the
current year'and annually hereafter and applied to the
purposes named,
F`
9tht- It is also ordained that R, F, Ward be authorized
to take and have charge of said Bonds pending their investi.
gation by the Attorney general and upon their approval and
registration shall have authori)y to negotiate their sale
and recolved for the City, the procee s thereof.
Passed ed and approved on the e'qday of December,, A. ]7w
1913,
�Xf' 9, ,0� 21
�1
kayor Of 70 ClEy of Ueo;gatown,Texas,
Attests
City +caret , City of VorgetoW. Texas.
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The State of Texas, �►�
ww
County of Williamson.**
I, Goo* Keahey, City Seoretary of the City of
Govogetowns Texas, hereby oertify that the foregoing is
a true and oorreot dopy of the Ordinanoe passed by the
CityCo�unoil of the City of Georgetown, Texas, on the
LVday of Deoemberf A, D. 1913, a quorum being present,
approved by the Mayor of said City on the e4day of
Deoembe--r7, A. D. 1913, and of reoord on Fage'42g,' — Ig s
Book of the Minutes of said City Counoil*
WNESS, my hand and the seal of said City , this
the day of Deoember, A. D, 1913,
,.
_ City Seoretary, CI y or Georgetrn,, Texas,
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