|
<br />V'
<br />I';
<br />
<br />id
<br />.."{ I
<br />
<br />3g
<br />
<br />AN ORDINANCE PRQVIDING rOR BORROWING MONEY
<br />AND ISSUING OF GENERAL FUND CURRENT EXPENSE
<br />W~TS TO THE AMOUNT OF $60,000,00 FOR THE
<br />PURPOSE OF PAYING CURRENT OPERATING EXPENSES
<br />DURING THE FISCAL YEAR 1964-65, PROVIDING FOR THE
<br />PAYMENT OF THE PRINCIPAL AND INTEREST OF SAID WAR.::
<br />RANTS.
<br />
<br />I
<br />
<br />WHEREAS, it is necessary in carrying on the business of the City
<br />during the fiscal year 1964-65 ,to borrow money for tqe purpose of paying
<br />current operating expenses; and,
<br />
<br />WHEREAS, it has been ascertained and determined by this City
<br />Council that the most practicable anc~ satisfactory method of borrowing
<br />money for the said purpose is to issue current expense, time warrants;
<br />
<br />NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
<br />CITY OF SAN MARCOS, TEXAS:
<br />
<br />1. That there be borrowed by, for and on behalf of the City of San
<br />Marcos, funds to the maximum extent of $ 60,000.00 and that to evidence such
<br />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, 1964-65", be dated May 1, A. D. 1964, be
<br />sixty (60) in number, numbered consecutively from one (1) to sixty (60), inclusive,
<br />be of the denomination of $1,000.00 each, all of said warrants to mature on or
<br />before January 31, 1965, bearing interest at the rate not to exceed four percent
<br />(4%) per annum from the date of delivery until paid, both principal and interest
<br />payable on or before January 31, 1965. The seal of the City sahll be affixed to
<br />each of said bonds and shall be signed by the Mayor, be attested by the City
<br />Secretary and registered by the City Treasurer. Said warrants shall be payable
<br />to bearer.
<br />
<br />3. That each of said warrants shall be in the following form:
<br />
<br />UNo.
<br />
<br />UNITED STATES OF AMERICA
<br />
<br />$1,000.00
<br />
<br />THE STATE OF TEXAS
<br />
<br />COUNTY OF HAYS
<br />
<br />CITY OF SAN MARCOS GENERAL FUND CURRENT EXPENSE WARRANTS,1964-65
<br />
<br />I
<br />
<br />This is to certify that the City of San Marcos, in \he State of Texas.
<br />is justly 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 United
<br />Stqtes of America, on or before the 31st day of January, 1965, with interest
<br />thereon from the date of delivery hereof at the rate 'of four per centum (4%) per
<br />annum, such interest payable at maturity of this warrant, both principal and
<br />interest and Warrants Nos. 1 through 30, inclusive, payable at the offices of
<br />the F,irst National Bank in.San Marcos, Hays County, Texas, on presentation
<br />and surrender of warrant, and both principal and interest of Warrants No, 31
<br />through 60, inclusive, payable at the offices of the State Bank & Trust Company
<br />in San Marcos, inHays County, Texas, on presentation and surrender of warrant.
<br />
<br />This warrant is one of a series of sixty (60) warrants, numbered,
<br />consecutively, from one (1) to sixty (60), both inclusive, of the denomination
<br />of ONE THOUSAND DOLLARS ($1,000.00) each ,aggregating Sixty Thousand
<br />Dollars ($60,000.00), issued for the purpose of providing funds for current
<br />expenses incurred during the current fiscal year of said City of San Marcos,
<br />said fiscal year beginning on July 1, 1964, and ending on June 30, 1965.
<br />
<br />::t:::
<br />:c
<br />;;...
<br />=s
<br /><;'\f
<br />
<br />09
<br />
|