El Paso herald. (El Paso, Tex.) 1901-1931, 1916-01-08

Legislature, 1903. and further amanda
BY the tnlI ty-second Legislature Of fbe
State Of Texas, 1911. said bonds 70 ~ ne
, issued for the purpose of consfr,,c - os
maintaining or operating nscs a 8
mized, graveled or paved roads g
turnpikes in said county, or in al
thereof.
Said bonds shall be numbared -
secutively from one to three bnn,S-ol5s
inclusive; shall be Of the denornins+fea--
OF one thousand dollars (S1.O0O.OO) eacb
aggregating three hundred thouss1d
dollars $500 000.00) Thev sboTi u u
dated the goth DAY of October IoIs
and shall become due ana nsvsb;t'
forty years from date, but NAV ~ -
deemed at the pleasure of the county
at any tlIne sIter ten years from date.
They shall bear interest at the rafe
Of 5 per cent per annum. navabIs
semi-annually on the 10th dav ~ All
and the 10th day of October, of each
year
Principal and interest shall bs ns,-
able on presentation of and surre5Iisy
of bonds or proper coupons in Iau-fS,i
money of the United States at the 81
flee OF the State Treasurer of me So
of Texas, at Austin, Texas, or at the
office of the County Treasurer Of he
County Of Ell Paso, Texas. at the citv
of Fl Paso. Texas, or at the Fort
Dearborn National Bank of the City
of Chicago, Illinois, or at the Cheuf-
cal National Bank Of the CITY Of Ns1r
York, state of New York. al the o.,
ton of the holder
Said bonds shall be signed by the
County Judge, countersigned bv the
County Clerk, registered by the Counfv
Treasurer and the seal of the Commits
sioners' Court shall be impressed Ilpon
each Of them The fac-simile signature
of the County Judge and the County
Clerk may be Autographed on the
coupons.
1t is further ordered by the Court
that to pay the interest on said bonds
81 Ii
to discharge them at maturity, a tax
sufficient TO create a sinking fund
and pay the interest thereon shall he
levied for the year 1916. in each one
hundred dollars of taxable property
in said FL Paso County. Texas. and for
each succeeding year thereafter as
long as said bonds are outstanding
there shall be levied a tax sufficient
to pay the current interest on said
bonds and to create a sinking fund
sufficient to redeem them al maturity,
said amount to be collected for said
sinking fund annually to be not less
than one-fortieth (1-40th) part Il the
amount Of the bonds outstanding.
Form Of Bonds.
The United States of America. the
State of Texas, County of Fl Paso.
Ell Pase County Road Bonds. Series
1915.
The County of Ell Paso, in the State
promises to pay TO bearer forty years
from the date hereof, the sum OF one
thousand (S1,0O0.00) dollars in law
ful money of the United States OF
America together with interest thereon
from the date hereof at the rate OF
per cent per annum, payable on the
goth day Of April and the 10th day Of
October Of each year. principal and
interest payable upon presentation and
surrender Of bond or proper coupon
at the office Of the Treasurer of FL
Paso County, Texas. at FL Paso, Texas.
or at the office Of the Treasurer of
the State of Texas. at Austin. Texas,
Dr. at the Fort Dearborn National
Bank at Chicago. Illinois, or at the
Chemical National Bank OF New York
City. at the option Of the holder. This /
bond is one Of series OF three hun
ired bonds numbered cOnsecutively
from one to three hundred inclusive
II the denomination Of one thousand
81, 100000 dollars each, issued by the
Commissioners Court Of Ell Paso
County. Texas, for the purpose Of con-
;tructing, maintaining or operating
nacadamized. graveled or paved roads,
n turnpikes in said county or in aid /
hereof: under and by virtues OF ar I
icles S77 ct seq, Revised Statutes Of d
Texas, 1895, article 81 being amended /
" First Called Session Of the twenty /
Eighth Legislature. 1903, and further 1
meuded bV the tfirrV-secOnd IseZisla-