Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1922-01-18

Ing AZ said election sustained the prop.
osliion 10 issue bonds hereinafter de-.
scribcd by n vote OF four hundred ~.
teen for the issuance OF said bonds 10
vote OF lightweight against the IL.
suance OF said bonds; and,
Whereas. said bonds have not been
issued under said former ordnance. and
Tho city Of Amarillo now desires 10 is.
sue Thirteen Thousand $4,000 Dol
lars only Of the Eighteen Thousand
NlS.000l Dollars authorized amount OF
said bonds the difference OF Five
Thousand $4,000 Dollars, not being
needed for the purpose for which said
bond issue was AUTHORIZE. said total Of
Thirteen Thousand 0l3.OOOl Dollars Of
such bonds to be upon the terms and
conditions and In the manner herein
provided and stipulated. Now. there.
fore
BE b. Ordained by the City OF Anna.
rillo
Section !. That the bonds OF the
CITY Of Amarillo 10 be called "Inein-
orator Bonds Of the city Of Amarillo"
10 the extent OF Thirteen Thousand
$4,000 Dollars he issued under ana
bv virtue ~ Article ". Section !. of the
Charter OF the City Of Amarillo. 90 oh
tain revenue for the purpose OF paying
Tor a site. and erecting and construct
ing an incinerator for the City OF ANA
rillo
Sec .. Said bonds shall be ISSUED
and numbered consecutively from one
TO thirteen. inclusive. and shall be OF
90 denomination OF One Thousand 81
o00l Dollars each, aggregating the sum
o. Thirteen Thousand Hi3. 0O0l Dollars
Sec. 3: That said bonds shall b.
serial. and shall be- dated December I
1927 and shall be- redeemable az the
option OF the city ~ Amarillo NJ any
time after ten dOl y,1rs after the date
aforesaid OF said bonds and said bonds
shall he due and payable consecutiveiy
one each year from twenty eight n
forty years. inclusive. after date.
Sec. 4: Al of said bonds shall bear
interest at the rate Of five 60 per cent
per annum. payable semiannually on
the first DAYS OF June and December OF
each year after the date aforesaid of
snid bonds such interest 10 be evidenced
hy proper coupons attached to each
bond numbered consecutlvely.
Soc. 3. The principal and interest on
sad bonds shall be payable on presenta.
ton and surrender OF bonds or proper
coupons at the National City Bank OF
New York New York
g. Of a a
signed hy the Mayor. countcrsigned and
registered by the city Secretary. and
he seal OF the city OF Amarillo shall be
impressed upon each 81 said bonds.
Sec :. The fac smile signature OF
the Mayor and City Secretary may be
hjhographd on the coupons.
Sec. s. II Is further ordained hy the
CITY of Amarillo that 10 pay the In.
terost on said bonds AZ II accrues. and
create a sinking fund sufficient 20 dis.
charge said bonds az their respective
maturity dates. tax of one cent on
each One Hundred 5000 Dollars val.
uation OF all taxable property In said
CITY 81 Amarillo Is now and hereby
levied for the year 1929. and said tax
levied for the year 1921 under said
former ordnance Is hereby ratified and
GO affirmed. and said tax. or so much
thereof as may be- necessary shall be
annually taxed. levied. assessed and
collected until said bonds and interes,
thereon ARE paid. or until enough has
been collected 10 pay same. and such
portion Of the annual tax levied here
after shall he set apart and applied
Ia the purposes named
500 .. 10 is further ordained by the
cts Of Amarillo that the Five Thou
SIND 81 0OW Dollars. not covered by
me foregoing issue OF Thirteen Thou.
sind Gl3.OOM Dollars OF bonds. ~ the
authorized issue ~ Eighteen Thousand
NlN.uool Dollars In bonds FOR the pur
poses mentioned. IL hereby cancelled.
sruulled and shall not be- issued by the
city ~ Amarillo.
Sec 10. II IL also ordained that the
city Manager be authorized to take
ana have charge OF said bonds pending
their inspection and approval by the
Attorney General, and that said bonds
bc then sold In accordance with law.
ard the proceeds used FOR the purpose.
for which said bonds were voted.
Introduced az q regular meeting of
ne city Commission on the 3lst day OF
December. 4 d.. 1921, and finally
lnssed al regular meeting Of said
Commission on the i,h day OF January
a d. 1929
'signedl LON d. MARRs.
Mayor
Attest:
Signed W =. SCHOPPER.
iSehl1 Civ Soeratarv