Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1922-01-11
nRnINNNCT No. 2sl.

An ordinance amending and In lieu OF
Ordinance No 365 finally passed and
adopted on Feb s. a j., 1921. and
authorizing the issuance ~ bonds oi
the city Of Amarillo 20 obtain rev
onuo Tor the purpose Of purchasing
building and constructing in the city
~ Amarillo n Fire Alarm System
and providing for the levy and col
lection OF tax 10 pay the interest
and create sinking fund for the re-
domption of said bonds 40 maturity.
Whereas. az an election hold for IN,
purpose on the ith day of September
s. y 1920. a majority OF the qualified
voters who are property tax payers OF
the city NJ Amarillo Texas voting nj
said election sustained the proposition
to issue bonds hereinafter described hy
q vote of four hundred nineteen FOR thu
issuance ~ said bonds 20 n vote OF
cighy-,irht against the issuance %:
said bonds and.
whereas. said bonds have not been
issued under said former ordinance
and tho titt ~ Amarillo now desires
20 issue such bonds upon the terms
conditions and in the manner herein
provided and stipulated Now, there
fore.
Do 10 Ordained by tho city Of Amarillo
Section T. That the bonds OF IN
.tN co. Amarillo 90 be- called Fire
,urm system Bonds ~ the city OF
Ilrillu' b. issued under and boy
r,u' 81 Article ". Section OF tho
.rartcr OF the city OF Amarillo 10 oh
tain revenue Tor the purpose Of pur.
chasing building and constructing In
thu City OF Amarillo a fire alarm sys
.em.
Sec 9. Tha, slid bonds shall be
issued and numbered cousecutivcly
from one to thirty, inclusive. and shall
b. ~ the denomination Of one Thou.
sand Nl OO0l Dollars each. aggrcgating
me sum % Thirty Thousand $50 600
Dollars.
Sec. ,: That said bonds shall be
serial. and shall be- dated December /,
1891 and shall b. redeemable al the
option Of the City Of Amarillo. al any
cme after ten u0l years after the date
aforesaid OF said bonds, and said bonds
shall be due and payable consecutively
from twenty one 20 forty years. In
elusive. as follows:
Nos 10 3. inclusive. twenty one
years after date; Nos } to s. inclusive.
twenty-five years after date: Nos. : 10
2. inclusive, twentythrce years after
date. Nos. 10 TO ~. inclusive. twenty
four years after date: Nos. 10 10 rs.
inclusive, twenty five years after date.
Nos, i6 10 30 inclusive. consccutivcly
one each year twcuty.siN to forty
years. Inclusive. after date.
Sec I Al 81 said bonds shall bear
intcrcs; nj the rate OF five per cent 6l
pcr anuum. payable semi. annually or
the first days % June and December q,
each year after the date aforesaid q,
said bonds, such interest 10 be- eyi.
dcnced by proper coupons attached 10
each bond, numbered consecutlvely.
Sec. s, Tho principal and interest on
said bonds shall b. payable on presenta.
ton and surrender ~ bonds or proper
coupons NJ tho National City Bank o,
New York. New York.
Sec s: Each Of said bonds shall no
signed hy tho Mayor countcrslgned and
registered by tho City Secretary. and
tho seal ~ the City Of Amarillo shall
be impressed upon each OF said bonds
Soc. . The fac similo signature n,
The Mayor and City Secretary may no
autographed on the coupons.
Soc. s. r Is further ordained hy tho
cry Of Amarillo that Ia pay the in
tercst on said bonds as II accrlcs. ana
create a sinking fund sufficient IN dls
charge said bonds AZ their respcctive
maturity dates. a tax ~ one cent m
each ono Hundred glOM Dollars valua.
tion n an taxable property in said CITY
N Amarillo r. now and hereby levied
Tor tho year 1922 and said tax levied
FOR the year 1921 under said former
ordinance Is hereby ratified and con.
firmcd. and said tax. or 80 much tbere.
~ rs may be necessary. shall be An.
nually taxed. levied. assessed and col.
lcctcd until said bonds and lr,orcs.
thereon arc pald or until enough has
been collected 20 nay same. md spch
portion ~ tho annual tax levied ho,o
after shall d. set apart and applied
to the purposes named.
Sec. ?; II Is also ordaluci that the
city Manager DO authorized % tare
anf have charge ~ said bonds pendlnv
their Inspection and approval by tho
Attorney General and that said bonds
Do then sold in accordance with ,ow
and the proceeds used Tor the purpo..,
,vr which said bonds were voted
introduced az a regular meeting OF
the city Commission on the aist aay
OF December. A. ID. 1881. ana finally
PASSED al regular meeting OF said