El Paso herald. (El Paso, Tex.) 1901-1931, 1916-10-28

L.aHU.uV que MdEtA l. 49,
said warrants shall consist OF eleven
I1l warrants of 100000 each, eN-
/ ceDt warrant Number IL. which SHAH
/ be in the sum Of S1,540.0O. due and pay !
able as aforesaid. All of said war
rants shall bear interest at the rate
of six percent 600 per annum- pay
4 able emi-annually. on the first DAY
| Of March and the first day OF Septeil-
Der of each year. said interest 10 ne
J evidenced by coupons TO be altachtG
! to said warrants, and both prlnclpai
and interest shall be payable IN Lawful
money Of the United states at the
office of the treasurer OF SAID II faSo
county. in Fl PasO. Texas or AT the
banking house OF the Fit Dearborn
Narional bank. in the city OF Chicago.
Ill T. :. A. at the holders option,
upon presentation OF the warrants IN
coupons. respectively
That the purpose Of providing Iunus
for the payment OF the cost Of furn-
ishing all the concrete necessary
proper and required to be used IN
the construction and completion OF said
concrete road and pavement IN Fl Paso
county. from the Texas state line AT
, la Luna, Texas, to the Montana bridge
Z IN said county, a distance OF approx
matelv eight 80 miles, and for the
purpose OF paying said warrants ana
/ hereby levied upon all taXaple prop
erty, both real ana persona, v INN nm
FL PasO county. Texas, direct taA
Of s.006 on each 10000 valuation OF
said taxable property in the year lSlos
a direct tax of S.005 on each SlOu.OO
-
the year 1917; a direct tax OF S-uV1
on each $4,000 valuation OF said tax
able property for the year 1918: IL
rect tax Of S.005 on each Sl0V-p0 val
uation Of said taxable property for the
{ year 1919. and A direct tax OF SoO5
on each $4,000 valuation OF sald tax
able property for the year 1870. ana
a direct tax of 5000 on each $4,000
I valuation Of said taxable property Ior
: the year 1921, or so much tnereoI IN
any respective year as may be neceS-
. 81 NJ sufficient fully
make. constitute. raise and prouuct
the said amounts of money required
/ for the payment Of the said warrants
/ and said interest coupons as they ma
/ should the same he insufficient. then
I the proper assessing and collecting OF
ficers of Il Paso county. Texas, snail
and IL is hereby made their duty an
nually. in due time. form and manner,
and al the same time other county
: taxes are assessed and levied, 70 com
nIIfe. estimate. ascertain and declared
the sum of money required 10 ne lev
led taxed and collected, and Talseu
; upon. OF and from said taxable prop
, erty in FL PasO county IeNas- 10 Iu4-
" and completely raise and constitute
said warrants sinking Iund ana inter-
Z est and il shall be their duty 10 e&-
I pedftiOusly assess. levy and collect the
D sum Of money required to be raised
when so ascertained. annually. pro rata
P according TO the value upon or out or
and for said taxable property IN que
The above mentioned amounts and
SAG. taxes hereby levied shall also De
Included in the annual tax levies and
. appropriation bills Of the Commission
D ers- court and other proper tax as
& sessing and tax collecting officers OF
( saf5 Fl Paso county. until the said in
3 debtedness created by the contract
/ hereinafter set forth. has been IuLls
paid off and discharged and until the
principal and interest on SAID war
J rants have been fully TalQ I0E-
/ And il shall be the duty Of the said
' Commissioners Court and the proper
. tax assessing and tax collectlns Of
+ -i--rs in the year 1916. and in each
YEAR thereafter. until said indebtedness
and said warrants evidencing said in
+ deb-edness and the interest thereon are
fully paid. at the time and IN the man
3 ner provided by law for levying otner
\ county taxes II such action snaA DC
+ necessary to effecJuate the provisions
4 OF this Resolution. To ratify and carry
{ out the provisions hereof with refer
: ence TO the levying and collecting 81
g. the taxes necessary for the pay menl
{ of said Indebtedness and OF the prlu-
/ cIpal Of and the interest upon the
/ warrants and evidencins said indebted
ness and herelnnefOre described. aAu
8 TO require the proper ottlcers OF san, SaLe
F county TO levy, extend ana correct
{ such tax in the manner provided by
law. for the purpose OF creatlhS q
i fund 10 be known and designated a.
? Special FL Paso County Road arranl
( Fund" for the payment of the lndeot-
] edness created 10y the Aforesaid con-
/ tract and for the payment or the prlh-
cipal and interest OF SAID warrants ee
I fdencing said Indebtedness and sara
/ taxes when collected. snail be kept IoL
: and applied only TO the payment OF
{ said Indebtedness and the prlncfp-4
! and interest OF the said warrants cyl
, deucfug said Indebtedness as herein
before specified; provided, however,
that should there be at any time an
J insufficient amount Of money IN sald
+ Southwestern Portland Cement Co
Special Fl PasO County Road " ar-ant
Fund for the payment OF sela l ~ .,'.
/ edness and for the payment OF me
: principal Of or the interest upon said
/ warrants. eVideuclug said Indebtedness,
OF any Of them. when the same snall
become due. then and IN such event
the said warrants. or the said inter-
EST thereon shall be payable out OF
any other moneys in the treasury OF
said county not otherwise appropriated
and available for such purpose
! The said warrants shaH oe slshel
by the Judge Of the County Court OF
II Paso county. Texas, countersiGned
by the Clerk Of said Court ana the
/ Auditor Of said county be sealed with
! the seal Of said court and snail De
| registered by the county treasure, OF
| said county and the coupons attached
4 to said warrants shall bear the orig
| inal or fac-simile signature OF SAID
I Judge Of said County Court and the
said Clerk and Auditor
The SAID warrants and coupons shall
be substantially IN the following
Form II Warrant
United States OF America,
! Southwestern Portland Cement Co.
! Special FL Paso County Road