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i <br />- _ <br />of the Revis+ed Civil Ststutes of Texas, 1925: a-s at►ended., each <br />bond tar be cnn8itianeci that the hcider thereof eha1.1 nevor have <br />the right to demand payment of ssid dbligatians aut of funds <br />xsise+d or tcr be reia.d by tazatiQn., secvrea by spledge of the <br />net rerrenwrts from t,hee aperation aP the Owrtr Syaten, aad iP <br />the Watorworlsa Incovemut aasd lxt,eaa3on Revenu+r Hon.ds sre <br />voted ss Pravided in Propositian No. I, tcr be seeuxed additianally <br />by a pledge of the not revenue• from t.he aperatiQa of said Water- <br />ncarlts Syetem. The prabable perimd of usefulnars traing 50 yeurs." <br />p aT1d <br />WAMM~ st the electican he1.d in ssid C3ty on the 34th <br />day of Oetober, 1951, & majoe3.ty crt the resi8*nt, qwa3.3f'3.ed electors rnrni.ng <br />taxable pzoperty in eaid C 3ty and vho had du3,V readerred t2e ssme fcr twmticm <br />vating at maid eleetion suatet3.red t~e propositicns tq isrue the bonds heaxein- <br />after desrribed by the 2'cllwing vote: <br />PRcaPOSITzex 90. 1 <br />"PM TEa ISSUANcI ca~ ~ATMcRKs DUROVEMENT <br />AND XCE 1111 ~R8"VJM B4OS" 435 Yoteg; <br />"AGAIMT TI38 ISOMCE OP" WA'TMOM IMt3U- <br />~ ~M Donsa 107 qd'te8 . <br />~~~~N NO. 2 <br />"PM TIJ~'i ISSUNCE 4W Z3WU DMQVMNi' AND <br />IMT111~SZCIN BEVIM BEOB" 44 voteisj <br />"AGAIMT 'I.'IN IBSUkNCE QF 8UM IbMC1VMNT <br />ADD RIVIM BAM" 98 Vates; <br />and <br />W .v it is ronaidered t,e> be tca the best interest ai° <br />the Cifiy that aaid bonds be autherizsd in cane issue secured by a Piret litn <br />oxa and pledge 4f the net revemue: f`raffi tb.e aperstian of the City'a Waterworks <br />and Smmr 8y'atemf snd <br />WHZRM, the City has autharity generallyi to pass this <br />eardin,ance autharizing the iseuar3ct of revenua baads Yor the purpaae of im- <br />proviag and axt,ending the City's Watervnrks and S+evex' System, undar the <br />Ccnstii:ution anrl St.atutes of the State of Toms, ineZuding particu].ar].y <br />Artieles 1111-111$., both inclueive, of the 1925 Revised Civil Statute• QP <br />Teura.s, ss amer;ded arr8 Chspter 163., Acts of the Regulmr Session ezt' the Forty <br />Secnnd Legistlature; tu3d <br />i1EMUM, it in nov neceasary and proger that the City <br />Counc3l proceed with the issuance of sneh re-venue bonds; <br />s$ ie mmnm By m mt couNeu orm crMr cF PAars: <br />