El Paso herald. (El Paso, Tex.) 1901-1931, 1916-12-02
PRocLAMArIoN oF NO

WHEREAS. on the 18th day Of November.
a ID. 1915. the City Council OF the City Of
By the unanimous vote OF the Aldermen pres
ent. there being four Aldermen present. fin
ally passed and adopted four certaIn Ordin-
ances. ordering and authorizing the Issuance
OF coupon bonds OF said city for the purpose
OF borrowing money upon the crecit OF SAID
city. to be used for the following purposes.
viz:
First; To provide. ONE HUNDRED
the purpose OF installing septic tanks at the
City's disposal plant IN the City Of e Paso.
Texas
second To provide SEVENTY FIVE
THOUSAND CS75.o e0e0) DOLLARS for the
purpose Of installing drainage system for
flood waters in the City or f PasO. Texas
Third To provide FORTY THOUSAND
CS4o.O00.00) DOLLARS. for the purpose OF
permanently improving and extending the
sewer system in the CITY OF e Paso. Texas
Fourth To provide FORTY THOUSAND
ts4o;e0o-ool DOLLARS; Tor the purpose Of
providing for thb grading and Improvement
OF the streets and alleys Of the City Of e
Paso. Texas
Which said ordinances sdopted as afOre-
said, and entitled respectively;
First. An Ordinance authorizing the Is
suance OF bonds for the purpose OF installing
septic tanks at the Citys disposal plant
Second An Ordinance authorizing the is
suance OF bonds for the purpose Of installing
City Of IL PssO. Texas
Third An Ordinance authorizing the IS
suance Of bonds for the purpose OF per
manentiy improving and EXTENDING the sewer
system in the City OF Fl Paso. Texas
Fourth An ordinance authorizing l1t IS
suance OF bonds for the purpose OF providing
for the gr-ding and Enforcement OF the
streets and alleys OF the City Of e Paso.
Texas
sad series or issues OF bonds so proposed
to Be issued are TO bear date on the day OF
delivery 10 purchaser. or as near thereto as
practicable. ana are to bear interest from
date at the rate Of four and one half az 60
per cent per annum. payable semi ann "a liY
and are 70 become absolutely due and pay
able in forty (40) years. subject to redemp-
ton. however. NJ the option OF said city.
after the expiration Of twenty f3Ol years
from date said bonds are To be known e
sDeetiyeiy as, Ell PASO SEPTIC TANKS
BONDS" Ell PASO DRAINAGE SYSTEM
BONDS" FL PASO SEWER EXTENSION
BONDS SERIES Z. Ell PASO STREET
AND ALLEY IMPROVEMENT AND GRAD
ING BONDS. SERIES s.. and they are to
specify the purpose for which they are issued
respectively The said ordinances. respective
~. make provisions for levyfus and collect
terest on said bonds as IL accrues and to
provide at least two (2c1l per cent as a
sinking fund for their redemption.
The said ordinances also provide that they
shall. seVerally take effect and be in force
when they have Seeu ratified by majority
are ad valorem tax payers OF said city. vOt-
inE at an election held 20 determine whether
not such bonds shall be issued. and that
unless majority OF said qualified tax pay
tnE voters voting at said election. shall vote
Ia favor OF the proposition for their issuance.
then the said bonds shall rot be issued. but
on the contrary. n the proposition for the
Issuance Of said bonds respectively. shall be
sustained by majority Of the said qualified
tax paying voters voting at said election.
then the said bonds shall be issued.
NOW. THEREFORE,. notice IS hereby