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O-1965-719
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O-1965-719
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Last modified
11/2/2016 3:38:26 PM
Creation date
10/24/2006 11:23:08 AM
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Legislative Records
Legislative Type
Ordinance
Date
7/1/1965
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<br />~ <br />...~I .~ <br /> <br />.. ; <br /> <br />-.,... <br /> <br />, ' <br /> <br />.- <br /> <br />. <br /> <br />- <br /> <br />. <br /> <br />e <br /> <br />the benefit of said Outstanding Bonds and all Additional Bonds, <br /> <br />on or before the 10th day of each mon~h hereafter, the sum of at <br /> <br />least $200.00 until the aggregate amount of $50,000 shall have <br /> <br />been accumulated in said Contingency Fund. ,Thereafter, said <br /> <br />aggregate amount shall'be maintained therein, for the benefit of <br /> <br />the Outstanding Bonds, the Series 1965, and all Additional Bonds, <br /> <br />in accordance with the procedures, as herein modified and supple- <br /> <br />mented, set forth in the ordinance authorizing the Outstanding <br /> <br />Bonds. <br /> <br />Section 11. That said bonds are and shall be special <br /> <br />obligations of said City, 'and the holder or holders thereof <br /> <br />shall never have the right to demand payment of said obligations <br /> <br />out of any funds raised or to be raised by taxation. <br /> <br />Section 12. That the Mayor of said City is hereby 'auth- <br /> <br />orized to have control of said bonds and all necessary records <br /> <br />and proceedings pertaining to said bonds pending their delivery <br /> <br />and their investigation, examination, and approval by the Attorney <br /> <br />General of the State of Texas, and their registration by the <br /> <br />Comptroller of Public Accounts of the State of Texas. Upon <br /> <br />registration of said bonds, said Comptroller of Public'Accounts <br /> <br />(or a'deputy designated in writing to act for said Comptroller) <br />ahall manually sign the Comptroller's Registration Certificate <br /> <br />prescribed herein to be printed and endorsed on each bond, and the <br /> <br />seal of said Comptroller shall be impressed, or printed, or <br /> <br />lithographed on each of said bonds. <br /> <br />Section l3. That said bonds are hereby sold and shall <br />be delivered to, RIP U/ LG~ fr/1v,~ f'tJ A./ <ZL--~ . No b'S~' IV, 1,>)( ..s <br />, " <br /> <br />being the highest and best bidder, for the principal amount <br /> <br />thereof and accrued interest to the date of delivery, plus a <br /> <br />premium of $ 'r- (b <br /> <br />o <br />
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