09071955 Regular Meeting - Laserfiche WebLink

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passed. The ORDINANCE is as follows: IAN ORDINANCE AUTHORIZING THE ISSUANCE OF WARRANTS IN THE PRINCIPAL SUM OF EIGHTY -FIVE THOUSAND ($85,000.00) DOLLARS FOR THE PUR- POSE OF EVIDENCING THE INDEBTEDNESS OF THE CITY OF SAN MARCOS TO BE INCURRED IN CONSTRUCTING FIRE STATIONS AND PURCHASING SITES THEREFOR IN SAID CITY, INCLUDING ARCHITECTS FEE IN CONNECTION THEREWITH, AND PURCHASING FIRE EQUIPMENT FOR SAID CITY; LEVYING A TAX TO PAY THE INTEREST ON SAID WARRANTS AND THE PRINCIPAL THEREOF AT MATURITY; REPEALING ALL ORDINANCES HERETOFORE PASSED AND IN CONFLICT HEREWITH; AND DECLARING AN EMERGENCY. WHEREAS; the City Council of the City of San.Marcos, Texas, has heretofore determined the advisability and necessity of con- structing fire stations in said City and purchasing fire equip- ment for the City; and, WHEREAS, the City Council has heretofore determined the advisability and necessity of issuing interest bearing time warrants for the purpose of evidencing the indebtedness of the City of San Marcos to be incurred in constructing such fire stations and purchasing sites therefor in said City, including architect's fee in connection therewith, and purchasing fire equipment for the City; and,. WHEREAS, in compliance with the provisions of Chapter 163, Acts of the Regular Session of the Forty - second Legislature, 1931, as amended, notice has been given of the intention of the City Council to issue said warrants, which notice was published in a newspaper of general circulation published in the City of San Marcos for the time and in the manner prescribed by law; and, WHEREAS, the City Council hereby affirmatively finds and declares that no petition of any kind has been filed asking for a referendum election on the question of the issuance of bonds for such purpose; and, WHEREAS, the City Council deems it advisable and to the best interest of said City to proceed with the issuance of said warrants in accordance with the Constitution and Laws of the State of Texas, and the notice above mentioned;