HomeMy WebLinkAboutRES 03.11.1940 - Waterworks and Paving Bond7/4
RESOLUTION OF THE C MTY OF GEORGEORGETOWN TEXAS,
ADJUSTING THE FUNDS TO THE ACCOUNTS OF THE CITY
OF GEORGETOWN WATERWORKS IITROYMENT BONDS AND
THE CITY OF GEORGETOWN PAYING BONDS.
Whereas, in making the tax leavy for the year 1939,
an error was made, whereby 100ts. on each $100,00 valuation, in excess
of the amount necessary, was levied to pay interest and sinking fund
on the series of bonds of the, City known as WATERWORKS IMPROVMENT
BONDS,thus creating a surplus in the said account; and whereby an in-
sufficient leavy of lOcts on each $100.00 valuation was made to pay
interest and sinking fund on the serini es of bonds of the City, known
as PAVING BONDS, thus creating a deficiency in this said account, and
that by reason of the said mistake, them is now in the first mentioned
account an amount more than sufficient to pay interest and care for the
the sinking fund for the year 1940, and that there is not enough in
the second mentioned account to pay principal and interest for the year
19409 THEREFORE:
BE IT RESOLVED BY THE CITY COUNCIL OF' THE CITY OF GEORGETOWN
TEXAS:
That, The Manager ct City Utilities, R. E. Word, for and
during the year 1940, and for that year alone, is hereby directed to
pay and deliver to the City Treasurer the funds set apart for the
payment of principal and interest on the the series of bonds known
as WATERWORKS WROVN= BONDS. and tom. the said City Treasurer shall
deposit the said fun sue' o .•the eredl of the account of the series of
bonds of the said. City know as PAVING BONDS, thus adjusting the ac-
counts of the said two series of bonds of the said City.
Passed and approved this the llth, day o M reh ,A. D. 1940.
Mayo , City of Georgetown Texas.
Attest:
/�L2ZL_'V_
City Secretary, City of Georgetown, Texas.
RESOLUTION OF CITY COUNCIL.
ADJUSTING BOND ACCOUNTS.