HomeMy WebLinkAboutORD 02.21.1922 - Ordering Election01-1d)INANCI,' OF TI-51 CITY OF GEORG} T01'dN, TEXAS, ORDERING AN ELEC-
TION TO 13E UIi,,LD BY TIM f'UALIFIED TAX PAYING VOTERS OF THE ISAID CITY,
TO BE I1ELD IN TIE SAID CITY, TO DINTERL ITZ V-da1TM1,'R OR NOT Tim SAID
CITY SHALL ISSUE 130XDS IN THE, �_UIVI OF w10,000.00, DUE FORTY YEARS AF-
TER DATE AND 1 iDEE1diABLE AFTER TEN YEARS FROM I)ATE 11ND BEARING INTER-
EST AT HE RATE OF FIVE 'IAR CENT P ;R ANNUI'ii, PAYABLE Sl,I',iI-ANNUALLY FOR
THE PURPOSE OF PURCEASING l'0-U) 11v1PROVING PARKS OF TEE, SAID CITY, AND TO
AUTHORIZE THE, LEVY OF Tl , 1:,i1,,C1J,S.1ARY TiOU.�"S TO PAY INTI_;l +'ST AND y� LNI�ING
FUND ON SAID BONDS.
Be it ordained by the City Council of the City of Georgetown,
Texas: That an alection be and is hereby ordered to be held in and
for the said City, 'by the qualified tax paying voters of the raid
City, on the 25th day of hilarch, A. D. 1.922, after the giving of clue
and proper notices in the manner and form rescribedby lave, I tpr-
m.ine vibether or not there shall be issued pay the said City, bon s in
the sum of Ten Thousand(010,000.00)DOLLARS, for the purpose of pur-
chasing and improving parks in the said City; the said bonds to be due
forty years from the date of the issuance thereof, and be redeemable
on and after ten years from the elate of the issuance thereof, and to
bear intere-A from the issuance thereof a,t the rate of five per centLun
per anrium payable semi-annually, as it accrues, as represented by cou-
pons, the said coupons to bear interest after maturity thereof, at the
same rate of interest; and to authorize the levy and collection of the
necessary taxes to pay interest and sinking fund on said bonds; the
said bonds are to be known as the "City of Georgetown Park Bonds."
That persons voting at the said election for the issue of the said
bonds shall have viritten or printed on their ballots : "FOR `l''iIE I 'SUI{a OF
BOTZDS", and that all persons voting at the said election against the
issue of the said bonds shall have writter, or printed on their ballots:
"AGAINST TIM, ISSUE OF BONDS."
That W. I. :'stump and Via. G. 1JLcDonald are hereby named, constituted
and appointed judges to hold the said election, and are directed to ap-
point and name all of the necessary clerks and assistants.
That the said election shall, be held at the City mall Building,
and shall be held in the manner and form prescribed by law, for the
holding of such elections.
Passed and approved this 21st day of I'ebruary, A. D. 1922.
JNO . Ili. SHARPE . _.
MAYOR OF THE CITY OF GEORGI1�TOWN, TEXAS.
ATTEST:
GEO. KEAHEY.
SECRETARY OF THE CITY OF GEOIDENOWN, TEXAS.
tva Tx
ol d�riancG. s F92° �
3-25'- 1922