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

sinking fund for the redemption OF
said bonds az maturity
Whereas. at an election held for the
purpose on Sept 4. 1920. a majority Of
tie qualified voters who are property
tax PAYERS Of the City OF Amarillo vO,.
.pr al said election sustained the prom.
osition "a issue bonds hereinafter de.
scribed hy n vote OF four hundred ~.
teen for the issuance OF said bonds 10
vote OF eighty.eight against the Is.
-uance Of snid bonds; and
Whereas. said bonds have not been
issued under said former ordinance. and
tho CITY 81 Amarillo now desirea 20 f..
sue Thirteen Thousand $4,000 Dol
lars only OF tho Eighteen thousand
NtS .OOM Dollars authorized amount Of
said bonds. the difference OF Five
thousand as 0OO) Dollars. not being
o., edcd for the purpose for which said
Lond issue was AUTHORIZED, said total OF
Thirteen Thousand $4,000 Dollars OF
such bonds 10 be upon the terms and
conditions aud in the manner herein
provided and stipulated Now, there.
fore,
H. II Ordained by the City OF Anna.
rlllo;
Section I: That the bonds Of the
city Of Amarillo to be- called "Incin.
crs, Bonds " the City OF Amarillo"
to the extent OF Thirteen Thousand
si3,0OM Dollars. he issued under anc
by virtue OF Article " Section |. ~ the
Charter OF the CITY Of Amarillo 20 oh.
tain revenue for the purpose OF paying
TO- site. and erecting and construct
ing an inclnerator for the City Of ANA
ri,lo.
Sc .: Said bonds shall be ISSUED
md numbered consecutivcly from one
20 thirteen, inclusive and shall bc 81
m denomination OF One Thousand 81.
O0ol Dollars each, aggrcgating the sum
o. Thirteen Thousand cl3. 0oo) Dollars
Sec. 3: That said bonds shall he
sctial. and shall be dated December
1897. and shall he redcemable ~ the
option of the City 81 Amarillo NJ any
time after ten nOl years after the date
aforesaid Of said bonds and said bonds
shall hc due and payable consccutively
ono each year from twenty.cight n
forty years inclusive, after date.
See. I: An ~ said bonds shall bear
interest az the rate Of five @ per cent
ycr anuum. PAYABLE scmi.annually or
tho first DAYS OF June and December OF
oich year after the date aforesaid of
slid bonds. such interest TO bc evidenced
uv proper coupons attached to each
hond numbered consccutlvely.
Soc. 3: Tho principal and interest on
sand bonds shall he payable on prescnta'
ton and surrender of bonds or proper
coupons al the National City Bank OF
Nrw York. New York.
Sec. 6 Each Of said bonds shall be
encd by the Mayor countcrsigucd and
registered by the City Secretary, and
;Eo seal Of the city of Amarillo shall be
impressed upon each - said bonds
Soc. :: The FAC simile signature Of
tnc Mayor and city Secretary may be
"a hographd on the coupons.
Soc. s; II is further ordained by the
city OF Amarillo that 90 pay the in
t,rcst on said bonds as u accruos and
create = sinking fund sufficient 10 dis
,uargc said bonds az their respective
maturity dates 4 tax 81 ono cent on
each one Hundred tsiOW Dollars val.
uation 81 all taxable property IN said
CITY OF Amarillo is now and hereby
l.yici FOR the year 1922. and said tax
i.yicd for the year 1921 under said
former ordnance 81 hereby ratified and
confirmed. and said tax. or go much
thereof rs may br necessary shall bc
annually taxed levied. assessed and
collected until said bonds and interest
thereon are paid on uutl enough has
been collected To pay same. and such
PORTION ~ the annual tax lowed here.
after shall bc SGT apart and applied
go tnc purposes named.
Sec. o. n Is further ordained by the
city 81 Amarillo that the Five Thou
nd R5 OOm Dollars. not covered By
10, foregoing issue 81 Thirteen Thou.
SIND Gi3 .OoM Dollars of bonds. az the
authorized issue ~ Eighteen Thousand
ClX. oOM Dollars n bonds Tor the pur.
poses mentioned. b. hereby cancelled,
~ nullcd and shall not De issued by the
,.y ~ Amarillo
Sec 30: u il also ordained that the
city Manager be authorized 10 take
and have charge % said bonds pending
their inspection and approval 10y the
Attorney General and that said bonds
O., thcn sold in accordance with law.
ard tho proceeds used Tor tho purpose
Tor which said bonds were voted.
introduced az regular meeting -
tie city Commission on the 3ist day o.
December. \ ~, 1921. and finally
pissed az a regular meeting ~ said
Commission on the tth dsy OF January
\ n. 1892
tSlgueD LON u. MARRS.
Mayor.
Attest
,Sigacdl ". 4 SCHOPPER,
tsean City Secretary
ORDINANCE M. So: