|
<br />
<br />-;/
<br />
<br />.,
<br />
<br />AN ORDINANCE PROVIDING FOR BORROWING MONEY AND
<br />ISSUING CITY OF SAN MARCOS GENERAL FUND CURRENT
<br />EXPENSE WARRANTS TO THE AMOUNT OF $60,000.00 FOR THE
<br />PURPOSE OF PAYING CURRENT OPERATING EXPENSES DURING
<br />THE FISCAL YEAR 1963-64; PROVIDING FOR THE PAYMENT OF
<br />PRINCIPAL AND INTEREST OF SAID WARRANTS.
<br />
<br />I
<br />
<br />Whereas, it is necessary in carrying on the business of the City
<br />during the fiscal year 1963-64, to borrow money for the purpose of paying
<br />current operating expenses; and,
<br />
<br />Whereas, it has been ascertained and determined by the Governing
<br />Body that the most practicable and satisfactory method of borrowing money for
<br />the said purpose is to issue current expense time warrants;
<br />
<br />NOW, THEREFORE, BE IT ORDAINED BY THE GOVERNING BODY
<br />OF THE CITY OF SAN MARCOS, TEXAS:
<br />
<br />1. That there be borrowed by, for, and on behalf of the City of
<br />San Marcos, funds to the maximum extent of $60,000.00 and that to evidence
<br />such indebtedness, current expense warrants of the City be issued.
<br />
<br />I
<br />
<br />2. That such warrants be designated "CITY OF SAN MARCOS GENERAL
<br />FUND CURRENT EXPENSE WARRANTS, 1963-64", be dated May 14,1963,
<br />be sixty (60) in number, numbered consecutively, from one (1) to sixty (60)
<br />inclusive,be of the denomination of $1,000.00 each, all of said warrants to
<br />mature on or before January 31, 1964, bearing interest at the rate not to
<br />exceed three per cent (3%) per annum from the date of delivery until paid,
<br />both principal and interest payable on or before January 31, 1964. The seal
<br />of the City shall be affixed to each of said bonds and shall be signed by the
<br />Mayor, be attested by the City Secretary, and registered by the City Treasurer.
<br />Said warrants shall be payable to the bearer.
<br />
<br />3. That each of said warrants shall be in the following form:
<br />
<br />"No.
<br />
<br />UNITED STATES OF AMERICA
<br />THE STATE OF TEXAS
<br />COUNTY OF HAYS
<br />
<br />$1,000.00
<br />
<br />CITY OF SAN MARCOS GENERAL FUND CURRENT EXPENSE WARRANTS, 1963-64.
<br />
<br />I
<br />
<br />This is to certify that the City of San Marcos, in, the State of Texas, is
<br />iustly indebted to, and for value received, hereby promises to pay to bearer,
<br />the sum of ONE THOUSAND DOLLARS ($1,000.00) in lawful money of the
<br />United States of America, on or before the 31st day of January, 1964, with
<br />interest thereon from the date of delivery hereaf at a rate not to exceed three
<br />percent (3%) per annum, such interest payable at the maturity of this warrant
<br />both principal and interest of Warrants Nos. 1 through 30, inclusive, payable
<br />at the offices of the First NaRona!: Bank in San Marcos, in Hays County,T exas,
<br />on presentation and surrenderof warrant, and both principal and interest of
<br />Warrants Nos. 31 through 60, inclusive, payable at the offices of the State
<br />Bank and Trust Company in San Marcos, Hays County, on presentation and
<br />surrender of warran t .
<br />
<br />This warrant is one of a series of sixty (60) warrants, numbered, consecutively
<br />from one (1) to sixty (60), both inclusive of the demonination of ONE THOUSAND
<br />DOLLARS ($1,000.00) each, aggregating Sixty Thousand Dollars ($60,000.00)
<br />issued for the purpose of providing funds of current expenses incurred during the
<br />current fiscal year of said City of San Marcos, said fiscal year beginning on
<br />April 1, 1963, and ending on March 31, 1964.
<br />
<br />Of:~
<br />
|