Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1922-01-25


vote 81 ffty.nyc l55l against the Is
suancc of saId bonds: ana.
Whereas. said bonds have not been IN.
sued under said former ordinance. and
the CITY ~ Amarillo now desires To- -
she such bonds upon the terms. con-
diiions and w the manner herein pro-
vidcd and stipulated. Now. Therefore
H. It Ordained by the city Of Anna
rillo.
section !. That the bonds ~ the
CITY Of Amarillo 10 be- called sanitary
sewer Disposal Plant Bonds ~ the City
nf Amarillo" be- issued under aud by
virtue of Article ~. Section I, of tho
Charter NJ the CITY Of Amarillo. TO OBJ
tain revenue Tor the purpose ~ build
NJ and erecting q sanitary Sewer pls
losal Plant fur the City ~ Amarillo.
Soc . Said ,onds shall bc issued
and numbered consccutiycly from one
e. Twenty inclusive aud shall be- of
tho denomination of one Thousand
q 600 an Dollars each. aggregatlng the
sum 81 twenty Thousand H2O.oOo.VUl
Dollars
See. ? That sad bonds shah be- Sc
rial. and shalt be- dated December lst,
1921. and shall be- rcdccnnble NJ the
puun ~ the city 81 Amarillo. at any
time after ten um years after the date
aforesaid Of said bonds. and said bonds
'hall hr due and payable cunsccutively
De each year from twontv-Onc 90 forty
years. inclusive. after date
So. g. Al 90 said bonds shall bear
interest at the rate OF five 90 per
'gut l,.r annuin. payable scini-annually
the first days Of June and December
. each year after th" date aforesaid
{ said bonds. such interest Ia be evil
fenced hy proper coupons attached TO
Zach bond numbered cOnsccutYcly.
Sec. .. The principal and intcrcs,
lu said bonds shall nc payable on pre-
scutat.un and surrender OF bonds 0f
proper coupons at tina National City
Bank uf New York, New York
Sec. o. Each Of said bonds shall he
signed by the Mayor. csrntclSisncd aud
registered by the city Secretary. and
,ho seal ~ the CITY ur Amarillo shall he
impressed upon each of said bonds.
Soc =, Tho fac simiIc signature ~
.hr Mnyor and CIV secretary may lie
autographed ON the cbrpom.
Soc. s.. II ls further ordained hy the
civ m Amarillo that. ." pay the IN
crest on said bonds as y a'Urucs, and
create a sinking fund staficicnt 90 dis
charge said bonds at tlnlr respective
maturity dates. tnN of one cent on
..,h one Hundred til0o.0m Dollars val
iation Of III taxable property iu said
CIV uf Amarillo. IL nuw aud hereby
levied FOR the year 1922. and said tax
.c,lcd fur the scar 1927 uiti'r said for.
r,r ordnance, h hereby ratified ana
.onfirmcd and said tax. ~ 20 much
thereof as may he necessary. shall be
arnualy taNcd levied. assessed ana
objected until said bonds and interest
thereon are pnid. or un,il enough has
b,,u collected &C. pay SnS ana snch
purtion ui thu annual tax hviod here
tftor shall De- sc' aINrt and applied To
th, purposes named
So, o. u Is also ordained that the
ti'v Manager be- authorized 10 take
and have charge uf said bonds pending
their inspection and approval by the
Attorney General. and that said bonds
d, then sold m accordance with law,
nnd ihc proceeds used ior tho purposes
for which said bonds wcr" voted.
introduced al a regular meeting OF
tho CITY Comm ssiun. on the alst dsv
81 December. \. a.. 1921. ana finally
passcd 40 regular meeting 90 sUd
commission ou the an de, ut january,
\ u. 1920.
tS,ah
tSisnch Lon n. MNI;IS
Attest. Nttur.
tSign,n ". y. SCHnpPEN.
city Secretary.