Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1922-01-18
oRnINANcE No ssa.

Ordinance No. 36e. finally passed and
adopted on February sth, A. d.. 1921.
and authorizing the issuance of bonds
81 the City OF Amarillo. 90 obtain
revenue Tor the purpose Of dcfraying
Tho said ciiys share II the cost of
extending the paved street area OF
said city. and providing for the levy
md collection Of taxes TO pay the
interest and create sinking fund
Tor the redemption Of said bonds at
maturity
Whereas. at an election held for the
purpose on September 6. 1919. ma.
jority Of the qualified voters who are
property tax payers of the city Of ANA
clio. Texas, voting az said election
sustained the proposition to issue bonds
b enafter described by a vote Of two
hundred and forty-eight for the lssu-
an,c Of said bonds 10 a vote Of nine
g inst the issuance of said bonds: and.
Whereas. said bonds have not been
issued under said former ordinance,
on the city u Amarillo now desires
Ca issue bonds upon the terms. con-
az .ons. and in the manner herein pro-
v "a and stipulated Now. therefore.
Bo Il Ordained by the city OF ANA
rillo.
section I That the bonds Of the
CITY Of Amarillo. 10 be called Paving
a. IDS OF the city of Amarillo" be IL.
ruod under and by virtue Of Article
H. Section ] 81 the Charter OF the
Ci.y Of Amarillo, 10 obtain revenue for
a., purpose 81 dcfrnying the share or
the city of Amarillo of the cost Of
o,tCnding the paved street area Of said
cts.
Soc. . said bonds shall be issued
600 numbered. cOnsecultvely. from one
fo one hundred and fifty. inclusive. and
Shall be OF the denomination of one
Thousand Ri .OO0.OW Dollars each. ar.
Erogating the sum u one Hundred and
FIFTY Thousand Ni50, OO0O0l Dollars.
Sec That said bonds shall be Sc
Ii.l and shall be dated December list.
le.l and shall he rcdcemable az the
ot ION 81 IN. civ Of Amarillo az any
tire after five 81 years after the date
aforesaid of said bonds. and said bonds
shall be- due and payable consccutivcly
c..l year from six TO forty years. In.
elusive. as follows:
Nos 90 o. Inclusive. six years after
da,o.
Nos 10 10. inclusive. seven years
after date;
nos ~ 90 IS. inclusive. eight years
uH.r date,
Sos o. 10 20. inclusive. nine years
otter date:
Nos q to 80. inclusive. ten years
after date.
Sos 81 to Is, inclusive. eleven years
after date:
Nos 80 to IS. inclusive. twelve years
after date.
Nos Sc to 60. inclusive. thirteen years
alter date.
Sos SO to -. inclusive. fourteen
years after date;
Sos. 20 10 IS, inclusive fifteen
I wears after date.
/ Sos. 80 Co -. inclusive sixteen years
after date.
! Nos % 20 1893. inclusive. seventeen
! years after date.
Sos. lOl 20 49, inclusive. eighteen
] years after date.
Sos il3 to 1871 inclusive. nineteen
} yrfrs after date.
Sos D.. Co $780, inclusive. twenty
/ years after date and.
/ Nos lsl Co $50. inclusive. consecu.
u'eb one each year % 90 80 years,
abusive after date.
s,D 3 Nll 81 said bonds shall bear
Interest go the rate ~ pcr cent q 60
r Hurum PAYABLE scmiannuallv on
OIL, fir-i diys ot June and December %
'th y,1r after the date aforesaid OF
.i bonds such interest 90 hc evl.
% iced hy proper coupons attached o.
'b bond numbered cousccutlvo!y
-e, The prinripsl and interest
Oh. said bonds shall be- payable on pre-.
N.u1tiun 1ud surrender 90 bonds or
81. prr coupons 40 the National City
huk ut New York. New York
.er q. Each % said bonds shall be
-.ar"d hg "a, Mayor. countcrsigncd
t.I registered hy the CITY Secretary.
lHl tHe seal of th, city ~ Amarillo
shall Hc impressed upon each Of slid
I..d-
The Hg sInil, signature O!
'.. Mayor and C.N Secretary may loo
l.IurrIphrd 0u the coupons.
Sci, 20 s further ordained by
%. C., U Amarillo that 20 pay the
Interest 600 said bonds a. Il accrurs.
H.i create sinking fund sufficicr:
:. discharge xid bonds az their r..
srHctiNy maturity dates e tax 81 five
cauts. on each one Hundred (siOO0m
Dollars valuation ~ an taxable prom.
.., u said CiN OF Amarillo IL now
a.l hereby levied tor the year laee
ava said TAX levied Tor the year 1921
u'I'r sud former ordinance Is hereby
ratified and confirmed. and said tar
n. much thereof ~ may be ncccs.
~IE shan la annually taxed. levied
distressed and collected. until said bonds
1r5 'utcras, thereon are paid. or until
CROUCH has been collected o. nay same
ard such portion ID the annual tax
...lcd hereafter snail bg sct apart and
.H.Hi tU fht purposes named
SEQ. 60. Do is also ordained that the
C.E Manager be authorized To take
ana have ,h1rg, ~ said bonds pending
UoI inspection and approval by the
attorney General and that said bondss
D.. then SOLID Joe accordance with law.
4uI fh, proceeds used for the purposes
Oh. which said bonds were voted.
introduced az a regular meeting ~
OH. Cty Commission on the 3ist day %
u..emb,. a. ID. 1921. and finally
p.ssrd 20 rrGuhr meeting % said
commission on the ith day Of January,
a. u. 1929
IS,su
isigucU Lon ID. MARRS.
Attest Mayor.
tSirneh W. z SCHOPPER.