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ORDTNANCE NO. 1742 . <br />ORD:tNANCE CALLZNG AN ELECTIQN <br />THE STATE OF TEKAS <br />COUNTY OF LAM_AR <br />CITY OF PARIS <br />W1-IEREAS, the City Council of said City deem> it advisable to <br />issue the bonds of said City for the purposes hereinafter stated, <br />BE IT ORDAINED BY THE CITY COTJNCIL OF THE CITY OF PARIS: <br />1, That an election shall be held in said City on the 21st day of <br />September, 1965, at the following places within said City, and the Presiding <br />Judge and an Alternate Presiding Judge shall be appointed, and the ma.ximum <br />iiumber of Clerks which may be selected to serve at said election shall be <br />fixed by the Mayor as provided by law: <br />In Ward No. 1 at the Central Fire Station; <br />In W ard No. 2 at the Grand Hotel Lobby; <br />In Ward No. 3 at the Lamar County Courthouse, Basement <br />Assembly Room; <br />In Wa,rd No. 4 at the Paris High School Gymnasium. <br />2. That at said election the following Propositions shall be <br />submitted in accordance wi.th law: <br />PROPOSITION NO. 1 <br />Shall the City Council of said City be authorized to issue the <br />bonds of said City, in one or more series or issues, in the aggre- <br />gate principal amount of $Z, 300, 000, with the bonds of each such <br />series or issue, respectively, to mature serially wi.thin not to <br />exceed 35 years from their date, and to bear interest at rates not <br />to exceed 4-1/2°jo per annum, for the purpose of improving and <br />extending said City's Waterworks System, with said bonds to be <br />secured by and payable from a lien on and pledge of the net revenues <br />of said City's Waterworks and Sewer System? The probable period <br />of usefulness of the improvements for wnich the bond funds are to be <br />expended is 50 years. " <br />PROPOSITION NO. Z <br />Shall the City Council of said City be authorized to issue the bonds <br />of said City, in one or more series or issues, in the aggregate prin- <br />cipal amount of $200, 000, with the bonds of each such series or issue, <br />respectively, to ma.ture serially within not to exceed 35 years from <br />their date, and to bear interest at rates not to exceed 4-1/2°o ner <br />an um, for the parpose of improving and extending said City's Sewer <br />System, with said bonds to be secured by and payable from a lien on <br />and pledge of the net revenues of said City's Waterworks and Sewzr <br />System? The probable period of usefulness of the improvements for <br />wliich the bond funds are to be expended is 50 years. 11 <br />