San Marcos free press. [volume] (San Marcos, Tex.) 1877-1892, 1890-03-13
The Amended Stree. Improvement and
School House Ordinance.

School House Ordnance.
An ordinance authorizing the issuance OF
bonds for the improvement OF the streets
and alleys of the city Of San Marcos, and
for tho purpose OF purchasing ground and
building q school house for the common
free schools OF the city, and for such re'
pairs aud additions 90 may DO hereafter
ordered by tho Council for the colored
school house Of the city, and 10 repeal all
former bond ordinances
SECTION I. Be IL ordained by the City
Council OF tho city OF Ban Marcos, that for
the purpose OF improving tho streets. alleys
aud the public or court house square OF tho
city. and for tho purchase OF ground. u the
same should DO necessary, and the building
OF school house for the common free
schools OF tho city, for the use OF the white
pupils within the scholastic age, and for
such repairs or additions rs may hereafter
be ordered to DO made 10 the colored free
school house In the city, that tho bonds Of
the city are hereby issued TO the amount OF
twenty three thousand dollars. Bald bonds
TO be payable TO bearer, 70 be OF the denom-
ination OF one thousand dollars each, TO DO
numbered consecutively from one TO TWEEN.
y. three, inclusive. Said bonds TO run and
be payable in fifty years from the tenth
day OF February, A. ID. 1890. Said bonds
to bear interest from the said tenth day Of
February till paid, at the rate OF six per
cent. per annum. Said interest due and
payable semi-annually. to wit; On the tenth
day Of August and February Of each year.
the interest and principal Of said bonds are
payable at the Office Of the Treasurer Of the
State Of Texas. IN the city of Austin. and
said bonds shall be printed with interest
coupons attached. The proceeds OF Haid
bonds, from one to fifteen inclusive, shall
be for the purpose Of improving the streets,
alleys and public or court house square OF
this city. rs provided In this ordinance, and
said proceeds shall not be appropriated for
any other purpose. The proceeds Of said
bonds from sixteen TO twenty-three, inclus-
i've, shall be used alone for the purchase Of
ground. il need be. and the building OF .
school house for the white pupils Of the
city as aforesaid, and for such repairs and
additions M the council may order for the
colored school house Of the city, If any, and
shall not be used for any other purpose, ex-
cept that such portions Of the proceeds OF
said eight bonds, a. the Council may order
may be used for furnishing said school
house with desks, seats, blackboards, and
such stoves or chimneys as NAV be neces-
sary for warming said houses, In order to
raise the means to pay the interest on said
twenty three bonds, aud to create sinking
fund to pay the principal Of the same, a tax
of twenty five cents on each one hundred
dollars of the value Of all property taxable
within the corporate limits of the city, IL
hereby levied for the present year. A. d.
1890. and for each year thereafter. till the
principal and interest Of said bonds are
paid. Said tax shall be collected for the
present yenr, rs by law other taxes are re-
auired to be collected. The City reserves
the privilege Of paying of any or all of said
bonds at any time after the tenth day OF
February, A. d. 1900.
SECTION 2. Alderman 8. B. Mcbride il
hereby charged with the duty Of preparing
s,id bonds and interest coupons. and hav-
ing the same printed in good style, on good
bond paper, at the expense Of the city.
SECTION 3. So coon as said bonds are
signed by the Mayor, aud countersigned by
the City Secretary, and authenticated by
the seal of the city, the Mayor shall, as re-
quired by law. with the statements required
by law, forward same to the Comptroller of
public accounts for registration; and 30
soon as said bonds are registered, he shall
deliver same to the City Treasurer, and take
his receipt for same. and file said receipt
with the City Secretary. So soon a. said
bonds are received by the Treasurer, he
shall proceed to sell the same at price not
less than their UNCONVENTIONAL value. and,
if no thinks best, he may advertise for bids
for said bonds on such conditions as he may
deem to the interest Of the city. As fast az
he may sell said bonds he shall turn the
proceeds into the city treasury. and report
same to the Council. For the services Of
selling said bonds. and the expense Of ad-
vertising, the Treasurer shall receive such
compensation as the Council may deter
mine.
SECTION 4. All ordinances heretofore
passed by the City Council on the subject
of the issuance of city bonds. are hereby
repealed; and this ordinance shall be in
force from and after its passage.
Approved February 10. 1890.
HAMMETT HARDY, Mayor.
Attest:
G. G.. GRooMs. Sec. s, M, G. C.