01231967 Special Meeting - Laserfiche WebLink

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time warrants, Ramsay land p.3 I is evidenced by coupon or coupons attached hereto. Principal and interest are payable to Mason A. Ramsay and David T. Ramsay, Independent Executors of the Estate of Armistead Mason Ramsay, Deceased, in San Marc6s, Texas, upon presentation and surrend- er of warrants and proper c~upons,and the City Treas- ure~ is authorized, ordered and directed to pay to the bearer of said warrants the said principal sum and interest as the. same respect i ve I ymature. I nthe event that the sum or sums of money evidenced by this warrant and/or the annexed coupon or coupons shal I not be paid at maturity,the same shal I thereafter bear interest at the rate of 5% per annum unti I paid. This warrant is one of a series of five warrants of like date and tenor, except serial numbers and maturities, numbered consecutively from I t05 inclusively, each in the denomination of $2,000.00 and each due, respectively, one, two, three,four and five years after date, aggre- gat i ng $10,000.00, issued for the purpose of ev i denc i ng th~ indebtedness of said City of San Marcos for the pur- chase price of 3.22 acres of land to be added to the City Cemetery pursuant to an ordinance passed by the City Council of said City, which ordinance is of record in the Minutes of said Council. Provided further that anyone or more of said wa~rants may be redeemed by the said City of Sa~ Marcos at any time or times with interest to cease to rUn on the re- deemed warrant or ~arrants from the date or dates of such redemption or redemptions. The date of this wa~rant in conformity with the above- menti6ned ordinance is the 1st day of February, 1967. fT IS HEREBY CERTIFIED AND RECITED that all acts, con- ditions and things required to be done precedent to, ~nd in the issuance of this warrant, and this series of warrants, has b.e.en proper I y done, has happened and been performed inregul~r and due time, form and manner required bylaw; and.thatthe total indebtedness of said City, including this warrant and the entire series of wh i ch it is a part, does not exceed any canst i tut i ana I statut~ry limitation: and that a sufficient tax to pay the principal of and the interest on this warrant, and the seri~s of which it is a part, has been levied for said pUrpose and wil I continue t6 be annually levied, assessed and col 'ected whi Ie said warrants, or any of them, are outstanding. IN TESTIMONY WHEREOF, the City Counci I of the City of San Marcos has caused the seal of said City to be affix- ed hereto and this warrant to be signed by the Mayor and countersigned by the City Secretary, and the interest coupons heret6 attached to be executed by the signatures of said officials, as of the 1st day of February, 1967, and registered by the City Treasurer. I I Mayor Countersigned: City Secretary Registered this the 1st day of February, 1967. City Treasurer That the interest coupons to be attached to each of said warrants shall be in the fol lowing form: