09151954 Regular Meeting - Laserfiche WebLink

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t 'I ~ I .;i,3 Section 1. That there shall be issued under and by virtue of the Constitution and Laws of the state of Texas, and DIOre particularly Chapter 163. Acts of the Regular Session of the 42nd Legislature, 1931, as amerided, Interestbearing time warrants of said City, .to be known as CITY OF SAN MARCOS WA~WORKSANDSEWER IMf'ROVEMENTWARRANTS,SERIESOF 1954, to evidence the indebtednesil of the City of San Marcos,. Texas, to be incUrred inconlltruct.1ng extenl3ionsand improvements to the waterworks system and the sewer system of said City. Sectlon2. That said warrants shall be delivered to and accepted by cla:\.mants or their assignees. in full settlement of the indebtedne.s.s dUetbembythe City of San Marcos, Texas, after cla1msha~ebeen duly approved, audited and allowed by the City Council. of said City. Section 3. That said warrants shall be payable to bearer and shall. be nwnbered from.! to 35, inclusive; shall be in the denomination 01' One Thousand ($1,000.00) Dollars each, aggregating $35,000.00; prOVided, however, that only such amoUnt of said warrants shall be executed and delivered as shall be necessary to evldencethe Indebtednessactuallyincurred in constructing such extel18ions and imprOvel!l~ntstothe waterworks system and the sewer system, the remaln:\.ng warrants, if any, shall be cancelled and destroyed,. Section 4. That said warrants shall be dated September I, lSl54, and shall mature as follows: WARRANT. NUMBERS MA'l'URITYDATES AMOUNTS lInc1usive} 1 - 2. September I, 196~ $2,000' 3 - 4 September I, 196 2,000 I 5 .,.- 6 September Ii 1969 2,000 7 - 8 September I, 1970 2,000 9 - 11 september I, 1971 3,000 12 - 16 September I, 1972 5,000 17 - 21 September I, 1973 5,000 22 - 35 September 1, 1974 14,000 /J