02271967 Regular Meeting - Laserfiche WebLink

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garbage collection units warrants ordinance The date of this warrant conformity with the above- mentioned ordinance is the 15th day of March, 1967, I IT IS HEREBY CERTIFIED AND RECITED that all acts, con- ditions and things required to be done precedent to, and in the issuance of this warrant and this series of warrants, has been properly done, has ahppened and been performed in regular and due time, form and manner as required by law; and that the total indebtedness of said City, including this warrant and the entire series of which it is a part, does not exceed any constitutional statutory limitations; that a sufficient tax to pay the principal of and the interest on this warrant, and the series of which it is a part, has been levied for said purposes and will be annually levied, assessed and collected while said warrants, or any of them, are outstanding. IN TESTIMONY WHEREOF, the City Council of the City of San Marcos, has caused the seal of said city to be affixed hereto and this warrant to be signed by the Mayor and counter- signed by the City Secretary, and the interest coupons hereto attached to be executed by the signatures of said officials, as of the 15th day of March, 1967, and registered by the City Treasurer. Mayor COUNTERSIGNED: City Secretary Registered this the l5th day of March, 1967. I City Treasurer That the interest coupons to be attached to each of said warrants shall be in the following form: NO. 1 $146.93 On the l5th day of March, 1968, the City of San Marcos, Texas, will pay to bearer, at The State Bank & Trust Company of San Marcos, in San Marcos, Texas, the sum of $146.93, being twleve months interest due upon that date by City of San Marcos Warrant No.1, dated the 15th day of March, 1968. Mayor City Secretary I BE IT FURTHER ORDAINED that to pay the interest on said warrants and create a sinking fund with which to pay the principal thereof as it matures, a tax at a rate sufficient for such purpose is hereby levied against all taxable property in said City for the year 1967, and for each succeeding year in which said warrants, or any of them, are outstanding. BE IT FURTHER ORDAINED that there shall be calculated each year while any of said warrants is outstanding and unpaid, that rate of tax which is necessary to provide current interest and the required amount of principal to be paid from the taxes of that year, and a tax at such rate on each $100.00 valuation of taxable property in said City, within the limits permitted f7~~