Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1922-01-18
ORDINANCE No $50.

ORDINANCE No $50.
An ordinance amending and in lieu OF
Ordinance No. 3G2. finally passed ana
adopted on February Nth \. H.. 1927.
ana authorizing the issuance O. bonds
~ the city ~ Amarillo Goo obtain rev.
enue for The purpose ~ extending the
sanitary Sewer system Of the CITY ~
Amarillo. and providing for the levy
and collection uf tax tu pay the In
torest and create q sinking fund for
the redemption Of said bonds "a ma.
turitN.
Whereas. az an election held for the
/ purpose ON September I. 1920 "A ma.
/ luritv ~ the qualified voters who are
property tax payers Of the City OF Anna
rillo, TcXasl voting al said election.
sustained the proposition tU issue bonds
hereinafter described. los "a vote OF -four
hundred sevcn,y-two Tor the issuance ~
said bonds, To vote uf thirtysix
against the issuance of bonds. aud,
Whereas. said bonds have not been
issued under said former ordinance. and
the city of Amarillo now desires 10
issue such bonds upon the terms. con
dition and in the manner herein pro
vided and stipulated. Now therefore.
BE 1t Ordained hy the CITY of Anna.
rillo.
Section !. That said bonds Of In,
city % Amarillo 90 be called Sanitary
Sewer Bonds OF the city ~ Amarillo II"
hc issued under and hy virtue ~ Article
" Section l, ~ the Charter ~ the CITY
81 Amarillo. 10 obtain revenue for the
nurpose 81 extending the Sanitary
Sewer System % the CITY ~ Amarillo
Soc. 2. Said bonds shall boz issued
nd numbered consccuiivcly from one
g. sixty, inclusive. and shall De- OF
the denomination at one Thousand
81 o.0ol Dollars each. aggrcgatine the
~rm of Sixty Thousand $3.50 GOO 00l Dol.
lars.
Sec. .. That said bonds shall DE Sc.
r.tl. and shall b, dated December LIST
1921 and shall be- rcdo,mabl, at the
option ~ the CITY at Amarillo ut any
Time after t. MOO years after the date
aforesaid If said b,"ls. aud said bonds
shall De- due and payable consccutiyelv
each year for fifteen to forty years. In.
elusive. "a follows:
Nos. Geo =. inclusive. fifteen years
SITTER date.
Nos o. 10. inclusive sixteen ycara
after date.
Nos 10 20 b. inclusive. seventeen
years after date:
Nos. - To 30, inclusive. eighteen
years after date.
Sos. % 10 80 Inclusive. nineteen
Years after date.
Nos. 80 o. 90. inclusive. oonsecutiycly
ono each wear twenty Co forty years.
inclusive. after date
Sec. :. All of said bonds shall bear
interest az the rate ~ ny, p.. cent
90 20 per anuum. PAYABLE samiuruuauy
on the first days az Jun, and Deccm.
Der at each year after the date aforc.
said Of said bonds such interest to bc
evidenced boy proper coupons attached
&, each bond numbered Dousccu'lgely
Sec o. The principal aud interest
uu said bonds shall be- payable ON pre-.
scutaiiun and surrender ul bonds OF
proper coupons 80 the National city
Bank ~ New York New York
See y. Each uf said bonds shall be-
signed hy the Mayor cuuuterslgned and
registered los the City Secretary. and
thu seal ~ tho CIV Of Amarillo shall
bc impressed upon each ct said bonds.
See g. The "a. smilo signature ~
th" Mayor and city Secretary may Doe
autographed Du th, coupons.
Sec. s. % Is further ordained bv the
CITY W AmullH that iu psy Oh, m.
terrst uu said bonds as 30 argucs and
create l sinking fund sufficient o. dis.
charge said bonds az their respective
maturity dates nA ~ Two cents on
r1ch Ouy Hundred 800 un Dollars val
walton 90. an uNn., property in slid
Cny 81 AmuI. s nov and hereby
levied iur tl, EH3T 1899 and said tax
levied e.. 'br rHHI 1929 under said Tor.
NU. Ur4lutU.. hereby ratified aud
ruuUimrd tHI -ud uN. u. s. much
thereof ag mt. n' necessary. shall Dee
annually taxed levied. assr-scI and
collected UlI .llI bonds and interest
Thereon Hy mII .. until enough has
Been collected to ist same and such
pnr'iuu of thc annual TAX levied here.
after shall Do, seq apart and applied io
the purpose named
ST., o. o. - a.H. ordained that the
CiN Nautg. OBJ. authorized o. take
and hrt, charge 20 slI bonds pending
their inspection and approval hy the
Auorne, Genera. lrI that said bonds
be- then so1 r accordance with law
and the proceeds us,l '.r the purposes
for which SAID bond. vrrr voted
introduced Hf regular meeting oi
the C.N Commission ~ the 3lsi day
90 December. a. o. 1927 and finally
passed 600 o. r,gsl1- meeting ~ said
commission .u tls 'h d1v az January.
4 -. 1929
iSelu
tSigu,n LoN o. NAERS.
Attest Mayor
tSienc,n W SHOPPER
C.rE secretary