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<br /> 95 <br />i s ~I <br />'0 <j¡;J to ORDINANCE 1986-56 <br />-" ço <br />w..§ \J) ã= <br />.~ !.I,J~ <br /> en <br /> ~'8 <br /> a8 AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF SAN <br />I. ,: <br /> MARCOS, TEXAS, CALLING A BOND ELECTION TO BE HELD <br />í WITHIN SAID CITY; MAKING PROVISION FOR THE CONDUCT OF <br /> cD THE ELECTION; CONTAINING OTHER PROVISIONS INCIDENT <br /> 9' <br />111, 0 AND RELATED TO THE PURPOSE OF THIS ORDINANCE; AND <br />~! ...... DECLARING AN EMERGENCY <br /> <br /> § <br /> COUNTY OF HAYS § <br /> CITY OF SAN MARCOS § <br /> WHEREAS, this City Council finds and determines that it is necessary and <br /> advisable to call and hold an election within said City on the proposition hereinafter <br /> set forth; Now, Therefore <br /> BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS: <br /> Section 1. ELECTION ORDERED; DATE; PROPOSITION. An election shall <br /> be held in the City of San Marcos, Texas, on July 26, 1986, at which election the <br /> following proposition shall be submitted in accordance with law: <br /> PROPOSITION <br /> SHALL THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS, BE AUTHORIZED TO ISSUE AND SELL THE BONDS OF <br /> SAID CITY IN THE AGGREGATE PRINCIPAL AMOUNT OF <br /> $ \1., \00, oeo, FOR THE PURPOSE OF PURCHASING, <br /> IMPROVING, EXTENDING AND EQUIPPING AN ELECTRIC <br /> LIGHT AND POWER SYSTEM FOR SAID CITY; WITH SAID <br /> BONDS TO BE ISSUED IN ONE OR MORE SERIES OR ISSUES, TO <br /> MATURE SERIALLY OR OTHERWISE AND BEAR INTEREST AT <br /> SUCH RATE OR RATES, NOT TO EXCEED THE RESPECTIVE <br /> LIMITS PRESCRIBED BY LAW AT THE TIME OF ISSUANCE, <br /> AND TO BE SOLD AT SUCH PRICE OR PRICES, AS THE CITY <br /> COUNCIL IN ITS DISCRETION SHALL DETERMINE; AND WITH <br /> SAID BONDS TO BE SECURED BY AND PAYABLE FROM A <br /> LIEN ON AND PLEDGE OF THE NET REVENUES FROM THE <br /> OPERATION OF THE CITY'S ELECTRIC LIGHT AND POWER <br /> SYSTEM? <br />