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<br />J!g
<br />
<br />.,
<br />
<br />RESOLUTION AUTHORIZING THE MAYOR TO
<br />PUBLISH NOTICE OF INTENTION TO ISSUE
<br />REFUNDING BONDS
<br />
<br />I I
<br />
<br />THE STATE OF TEXAS
<br />COUNTY OF HAYS
<br />CITY OF SAN MARCOS
<br />
<br />the
<br />
<br />On this the /C)$ day of March, 1955, . the City Council of
<br />City of San ':"0', Toxa, , oonvenad in ,02ak""ion at
<br />regular meeting place, with the fOllowing embers present,
<br />
<br />the
<br />
<br />to-wit:
<br />
<br />Frank E. Dietterich,
<br />
<br />Mayor,
<br />
<br />Coy DeViney
<br />S. R. Beecroft
<br />
<br />I
<br />
<br />Frank D. Hill, Jr.
<br />Calvin M. Allen
<br />
<br />Aldermen,
<br />
<br />Harold G. Smith
<br />
<br />Ann Ziemke
<br />
<br />City Secretary,
<br />
<br />and the following absent:
<br />
<br />71t1Af L-
<br />
<br />constituting a quorum, and, among other business transacted, the
<br />
<br />following resolution was adopted:
<br />
<br />
<br />WHEREAS, the City Council of the City of San Marcos, Texas,
<br />
<br />
<br />has heretofore passed an ordinance authorizing the issuance of
<br />
<br />J
<br />
<br />CITY OF SAN MARCOS WATERWORKS AND SEWER IMPROVEMENT WARRANTS,
<br />SERIES OF 1954, dated September 1, 1954, Numbered 1 to 35, in-
<br />clusive, in the denomination of $1,000 each, aggregating $35,000,
<br />bearing 3-1/2% interest per annum, and maturing on September 1st,
<br />$2,000 in each of the years 1967 to 1970, inclusive, $3,000 in
<br />1971, $5,000 in each of the years 1972 and 1973, and $14,000 in
<br />
<br />1974, of which issue there are now outstanding and unpaid
<br />warrants aggregating $31,000.00; and,
<br />WHEREAS, the City Council of said City deems it advisable
<br />
<br />and to the best interest of said City to cancel the above
<br />
<br />
<br />described warrants by the issuance of refunding bonds in lieu
<br />
<br />thereof, being Warrants Nos. 1 to 31, inclusive, of said issue;
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<br />~
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