San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1895-03-23
NOTICE OF SPECIAL LAW.

Notice is hereby given, in accordar CT
with Chapter 3, Title LIN, of the Revised
Civil Statutes of Texas, that the under
signed, after this notice shall have beer
published for the period of 30 days, will
apply to the Legislature of the State o
Texas for the passage Of a special law
amending the existing Charter of the City
of San Antonio, as follows:
O. Amending Section 43 OF said Char
ter so as to read as follows:
SECTION 43. To borrow money on the
credit Of the City and issue bonds there
for, to an amount not to exceed Fifty
Thousand Dollars during any one year
for permanent public improvements. To
make loan exceeding the aforesaid sum.
the question must be submitted to the
property tax-payipg voters of the City,
and II sustained by majority Of the
votes polled, such loan shall be lawful.
All bonds shall specify for what purpose
they were issued and when sold, shall net
the City not less than their par value,
with accrued interest to date OF payment
of proceeds into the City Treasury: and
the bonds shall be negotiated in lots as
the City Council may determine and d.
rect Provided, That no debt shall be
contracted for the payment whereof such
bonds, or lot thereof, are issued until
such bonds. or lot OF bonds, shall have
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paid into the City Treasury; and no debt
shall ever be created by said City, unless
ut the same time provision be made to
assess aud collect annually a sufficient
sum to pay the interest thereon and create
a sinking fund of at least two per cent.
thereon: which fund shall not be
diverted or drawn for any other
purpose. and the City Treasurer
shall honor no draft drawn on said
fund. except to pay the interest or to re-
deem the bonds for which it was pro.
vided: provided the rate of tax shall not
exceed one half OF one per cent. and the
rate of interest paid shall not exceed six
per cent: provided also, no loan shall be
made for any other purpose or purpose
than those connected with the corporation
Of said City, and no loan shall be made to
aid any private enterprise, railroad or
undertaking, not under the management
or control of the City Council: provided
further, that the sinking fund for the re-
demptiOn Of any loan or debt shall be in
vested. aS fast as the same aCCumUlateS,
in United States interest bearing bonds.
bonds Of the State of Texas, or in bonds
of said City. and the interest Of such
bonds shall be rc-inveStcd; and such
bonds shall be sold when necessary to
pay the interest or principal of the bonds
issued under the provision Of this section.
e. Amending Section 2O3 Of said Char
ter so as to read as follows:
Section 9O3. Whenever, in the opinion
of the City Council, it shall become necGS-
sary or proper to appropriate private
property for the use of the City for
streets, alleys, avenues, boulevardS,
parks, public squares, plazaS, sewers, gas
works, water works, market houses,
school houses, or other public purposes
authorized by law, such property may be
condemned for such use in!the following
manner: the City Council shall by Ordi-
nance declare the necessity or propriety
of such appropriation, describing the
property sought to be appropriated. and
stating the name and residence of the
owner if known, and if unknown stating
that fact. The damages to accrue TO the
owner Of such property by reason of such
condemnation shall be assessed by three
who shall be diSinterested
free holders Of the City, one to be selected
by the owner OF the property, one to be
selected by the Mayor, and the third to
be selected by the two thus appointed.
The City Clerk shall issue 10 such own
Cr a notice calling upon him to appoint
the Commissioner to be selected by him,
and such notice shall be accompanied by
a copy Of such ordinance and copy Of this
Section Of the Charter, which notice and
copies shall be delivered to such-owner by
the City Marshal. II such owner shall
fail to appoint the Commissioner to be
selected by him, giving the name OF such
appointee to the City Clerl1al
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