Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1922-01-11
ORDINANCE NJ $50

ORDINANCE NJ $50.
Az ordnance amending and BOO lles of
Ordinance SO s62. finally passed ana
adopted on February sth A u. 1921
and authorizing the issuance 0i bonds
~ the CITY ~ Amarillo. tH obtain rev.
cuuo fur the purpose ~ extending the
sanitary Sewer System ui the city Df
Amarillo. and providing tUr the levy
and collection uf o. tax g. u1y 90" boo.
tcrest and create e sinking fund iuI
the redemption 90 said bonds 40 iut
urty
Whereas a. an election held fUI the
purpose ou September 1920 ma
.Hrity ~ the qualified voters who are
property tax payers of th, cts of Anna
.llu. TcNta voting 40 said election
sustained the proposition Q. .sgI, bonds
hereinafter described hy vote NJ four
hundred seventy two Tor OBJ, issuance ~
aid bonds. 20 vote q thirty siA
lgainst the ISSUANCE ~ bonds. and
Whereas said bonds have not been
Issu,d under said former ordinance and
ho CITY ui Amarillo uuW desires O.
issue such bonds upon the terms. CON
htiuu and iu "a, manner herein pro
,idcd and stipulated Now, therefore.
ic 10 Ordained hy thu civ uf Anna.
rillu
section That said bonds of 90,
city 81 Amarillo Go Doe called Sanitary
Sewer Bonds Uf tho CITY uf Amarillo.
issued under ana ly trtu, ~ Article
~. Section /. of the Charter " tbr Cit,
q Amlijllu TO obtain rcN,uu, for th,
purposo of extending tho Suinr,
sewer system of the civ uf NmNiilo
See. .. Said bonds n.u Do. issued
nj numbered cuus,cuutt.E fw Ouo
sixty inclusive ml -H.u no ~
fu, denomination of tn. Thousand
600 OW Dollars each .r,gauug Oh.
um ut Sixty Thousand $3.50 600 uUl Dol
1rs
See That said bonds shall bc 50.
0l and shall o., dated December Ist
I'2l and shall Dee rrir,ulhl, go th,
I.un off th' cts OF Amarillo lf ans
1000, after o.. ulW years after th. dat,
fur,sa.d OF eIid hnnds and said ruud-
mll o., du, and pfylhl, .unscruuEelv
Igh SOAR zoe fifteen tu forty years. u
msUo. 1s follows
\,s Goo q. inclusive. fifteen Years
ftur date.
Sos , Goo d. inclusive sixteen y1n
otter date.
Sos lr tu 80 Inclusive. seventeen
Years after date.
Sos % n 81. Inclusive. eighteen
,ar- after date
Sos %. iu $50 n.u. .r. nineteen
.ls Ir,. date.
Sos 90 Goo $50. inclusive. pouscgu'ilcly
90. 1.u year twenty @. forty years.
Inclusive after date
S", \H u, said bonds shall bear
interest Jt lhr 3tr uf five per cen,
t..I p'r Uuuu. payable ~cmi.auuually
Do 90. FIRST days OF Jun, aud Dcccm.
.u Uf each Nrtr after the date at1re.
said uI said bonds. such interest Co. bc
,iGcnDci los proper coupons attached
. rtrn bond numbered ,uuspcutiyyly.
Sec. o The principal ana intcros,
% said bonds shall boz paytul, on pre-.
euttunu and surrender az bonds of
roper coupons 40 the National Clty
Bank ~ New YorS, New York
See o. Each ut said bonds shall bc
igu"d by mo Mayor countcrsign,d and
registered hy the cit, Secretary. and
h, seal OF .h, city of Amarillo shall
l" mpu upon each OF said bonds.
See. TI' a. smile signature oi
he N nr ANA CITY Secretary may bc
thugaI E.d ur The coupons.
See. a. % is further ordained hy the
u.s. uf Amarillo that 60 pay the IN.
crest IN said bonds as 10 accrucs and
rc1tc sinking fund sufficient co. dis
barge said bonds az their respective
rltWuty duios. % tax 81 Two cents ON
sch one Hundred RlopoN Dollars val
alton of 80 taxable property in s1id
'tN uf Amarillo is now and hereby
r,icI Ton the year 1929 and said tax
.ticd ION the year 1927 under said Tor
nor ordinance is hereby ratified and
Ynuumcd. and said TAX. or so much
hereof as may Boz necessary shall hc
annually taxed levied assessed and
objected until said bonds and interest
hcrron are paid or until enough has
cen collected % pay same, and such
..rton ~ tho annual Tx levied here.
ftcr shall b., sot apart and applied to
h. purposes named
Soc g. % ls alsu ordained that tho
Ify Manager bo authorized To take
md have charge Of said bonds pending
heir inspection and approval boy the
attorney General and that said bonds
f., thcr solid iu accordance with law
and tho proceeds used Tor the purposes
.1r which said bonds were voted
Introduced az a regular meeting Of
Do. City Commission on the 3lst day
20 December. 4 H. 1927 and finally
.,secd 20 o. regular meeting of said
commission un the an day 90 January,
y IT, 1929.
tStsI
GIer,n LON u. MARGS,
Attest. Mayor
tS.gncN ". 4 SCHOPpEB.
city Secretary.