El Paso daily herald. (El Paso, Tex.) 1881-1901, 1898-06-21
FINANCIAL Statement
OF the Civ of EIPaso.

ing bonds, tO-w1t:
SERIES 1st-El Paso city hall bonds,
amount of issue $50, 100000.
Denomination of above bonds are ST.
600, 90 each.
Issued for the purpose of erecting a
city hall and fire department..
Said bonds above bear date July LIST.
A. d. 1898.
Said bonds above bear per cent. in
terest per annum, payable seminar
nually at the city treasurer's office in
Ell Paso, or at the Chemical National
bank OF New York, at the option of the
holder, on the LIST day of January and
are absolutely payable in 40 years from
date of Issue with an option to redeem
any or all of said bonds after the ex-
piration of Is years from date of issue.
Series 2nd-El Paso city sewer ex-
tension bonds, amount of issue 3d.
900. 90. Denominations of said bonds
are 81, 10000 each, and corresponds in
date of issue, date of maturity, option.
rate of interest and payment of in
terest with the Ell Paso city hall bonds
above recited, and are issued for the
purpose of extending the sewerage sys
tenn of the city of Ell PasO.
The above two issues of bonds were
issued under and by authority of an or
dinance of the city of Ell Paso, passed
and adopted by an unanimous vote of
the city council thereof at a regular
meeting held in the council cham Der of
the city of Ell Paso on the 18th day of
March, A. D. 1898, and which said or
dinance was afterwards adopted and
majority of the qualified taxpayers
voting at an election ordered and held
in the city of Ell Paso on the Goth day
of April, A. D. 1898, for the purpose
of determining whether said bonds as
aforesaid should be issued in accord
ance with said ordinance as afOre-
said.
Series 3rd-The Ell Paso City Water
Works Bonds.
Original amount of issue s25, 900. 90.
Amount of this issue offered for sale
514. wv 90.
Denomina lions of 81 ,OOO. 90 each.
T 1, se last named bonds bear date
October LIST A. D. 1889, and are alb
soluteTy payable in 20 years from date,
with an option of redemption after 10
years and bear interest ats per cent
per annum, payable semi-annually pay
able on the 1st day OF April and
the 1st day of October of each year
until paid, at the city treasurer's Of
Chemical National bank in the city of
New York, at the option of the hold
err. These last named bonds were is
sued by the city of FL Paso for the pur-
pose of boring an artesian we'll and are
now held in trust by the sinking
funds of the various bonds of the city
of Ell Paso. The aforesaid Ell Paso
city water works bonds we're regular
ly issued under and by authority of
passed and adopted on the 24th
dow Of ,,0 1890 and
which said ordinance was afterwards
adopted and confirmed by majority OF
the qualified. taxpayers voting at an
election ordered and held in the city of
Ell Paso on the 9th day Of Septem Der,
| A. D. 1889, for the purpose of deter
mining whether said bonds as afore-
said should be'issued in accordance with
| said ordinance IS aforesaid.
All of the above and foregoing bonds
will be offered for sale on the LIST day
of July, A. D. 1898, and sealed bids for
the same will be received by the city
clerk of the city of Ell Paso up to 10
o'clock on the morning of said day,
and all bids must be accompanied by q
certificate check of deposit of 81 900 90
as guarantee of the good faith of the
bidder.
The assessed value of the property of
the city of Ell Paso for taxation as
shown by the last assessment rolls now
on file in the city clerks Office for the
year A. D. 1897, is 81, 744 10000. The
actual estimated value is Sc, 1926, 133. co.
The population as per census taken
last year by John F. Worley s. Co.,
publisher of directories at Dallas, is
1922.
The total bonded Indebtedness of the
city of Ell Paso, including the issues
mentioned herein. ia as follows:
Sewer Bonds dated first day of July, A. d.
1887, payable in 20 years.....-........-S 1900
Funded indebtedness bond dated April l,
1890, payable in 30 ysarS-..........--...- 10000
Public School Bonds dated April LIST, 1890.
payable in 80 years. &c, 900
Ell Paso Water Works Bond Included in
FL Faso City Hall Bonds included in this
FL Paso Sewer Ext included in this Is
Sue.... l5,OOO
sl2s, 200
Less Sewer Bonds called in but not yet re
: The above constitutes the entire
bonded debt of the city of Ell Paso.
There is floating debt in nature of
outstanding city warrants against the
city treasury amounting on the 9Th day
of June to S38,650O5. This amount,
however, is offset by S7S, O86 due on de-
linquent taxes which will no doubt be