Ord 104 9/19/1908 ORD1141paics 1,10 104
An Ordinance authorizing the ISOUaUOO Of bonds for the purpose of
constructing severe in the .Jty of Achite Fallop Texas* end providing for
the levy and collection of a tax to pay the Interest and ezroato a sinki-,W_ fund
for the redemption of said bonds,
inereas at an election hold for the purpose on tlA 14thday of
,,eptanbsr, 1908, a majority of the qualified voters who are property tax payers
of t; -.City of �Iiohita 'zAllsp Tozaal, voting at said election sustained the
proposition to issue the bonds hereinafter described by a vote of 61 for the
isu,uanoe of boj-.,ds to a vote of 11 against the is.,_Uamae of bonds# thorefore#
l* Be it ordained by the City Council of the city ce .':i&,it& palls,
Texas, tty-A the bopda of said City to be called *City of Wichita Palls ;'WAOr
bonds, second series" be issued under end by virtue of artide 486 Revised
StatUt" Of Texas 1895 for the purpose of constructing o
ificlAta Valls, Texas, s ,�%,ers In the (�ity of
2, -,'aid bonds shall be nutaborod consecutively fm 1 to 240 lncluvivoo
v all be of the denomination of five Hundred ($W*00) rollwo each,, arr�7rer Lira
the the sum of T a
housnd Dollars. g
3& 11"ey alhall be dated the 15th day Ct jetober (written in pericil)
19080 shall became due and payable for-t-V740) years fron" their date, but r.Ay
be redser,*d at the pleasure of the City at any tire after ton (10) years from
their date*
4# They shall bear interest at the rnto of five per cent per annum,
payable an:really, on the 10th day of April of each year.
5. Frincipal and interest slt,,all be pay0le on pre taxation ane,
surrender of bond or proper coupon at the offioo of the tats Treasurer at
,',ustin, Texas,
60 ',,aid bonds ra,,all be sir,nod by the k Aypr, countersitrxed by tbe
City , ecretary, and registere � by the ity T2vaisursr, and the -,,eal of the
City shall be impressed upon each of tbomo
7* Fao-vimile signatures of the kayor and City -*oratory may be
lithographed on the coupons,
So It is furtLer ordained 'by tlt-,e City �;ouncil that to pay the interest
on said bonds and create a sinking fund sufficient to discharge then, at rwaturity
a tax of Conte on each one hundred dollars valuation of all taxable
property In said 03ty of iebita Falls,, shall be annually levied on said
property aid annually assessed and collected until said borA& and interest are
paid, and said tax of three and one half (T.;rlttsn In pencil) eazitzi on the hun-
dred dollars out of the tax of 25 cents levied fear redsoming and paying interest
On the outstandl" bonds of the il'Jty of -1�ichita Fe llas 7e-xas, by VAS council on
the 2nd day of 17,ecareber 19CI (The ordinance said levy heir: of record on
P490 lo Book 318 of the ' 'inutes of this ouncil) is hereby appropriated and set
aside to POLY the interest and create the necessary sinking fund 1br the surrent
year, and shall be assessed and collected and so applied; sud vaid tax is hereby
levied for each year horeattor while said bonds are outistwAing, Wid the mra
shall be annually azaessed ene OOU$OtSd and applie4 to the purposes named,
9* It is also ordained that T. Bo Noble, 1�zyor of said City, be
authorized to to and have charge, of said bonds pending, their investigation
by the �kttorwy General and upon their approval and registration shall have
authority to negotiate their sale and receive for the City the proceeds thereof.
Pasood on the 19 day of 5-eptember, 1908* !approved on the 19 day of
Beptw,-,ber, 1908*
(Agreed) To B, Noble$ layor
ATV0,1 A 6
(Signed) tdg.ar aye, City --scretary