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~ 2o 14~aterworks ~3onds. CHAPTER SEVENTY. AN ORDINANCE authorizing- the issuance of bonds for the purpose of building a system of Waterworks in the city of Paris, and levying a tax to meet the same. *~ The city has t He it ordained by thc city council of the city of ~'aris: ~ sho~vn by the ordinar SEc. ~. There shall be issued by the city of Paris, for the City debt, 6 per purpose of building a system of ~vaterworks in said city of Paris, after ~9o2, page 54- coupon bonds of said city of Paris, to the amount of sixty thous- and in denominations of thousand dollars each, bear- YVaterworks 6 p dollars, oue lng interest at the rate of six per cent. per anuum, payable semi- after 19~2, page annually on the ~oth day of July and ~oth day of Jaunary of each Waterworks 6 p year, at the Fourth National Bank iu the city of New York, the after I912, page ~2o principal of said bonds payable at said Fourth National Batik fifty years after date, and said city hereby reserves the right to pay off Fire depart~nem said bonds at any time after the expiration of tweuty-five years ooo, due x93$, paya' from date. Street improvex~ S~c. 2. Said bonds shall be signed by the mayor and coun- ~ } payable after I9O9, ' tersigned by the city secretary of said city of Paris, and shall be ~ City note 8 per registered in the office of the comptroller of the state of Texas, and shall bear date the ~4th day of April, A. D. ~887. tenth annually, pag~ SEc. 3 For the purpose of paying the interest upon said The interest on bonds and to provide an annual sinking fund sufficient to discharge nually on the loth d the principal at maturity, an annual advalorem tax of fifteen cents on the one hundred dollars ~vorth of both real and personal prop- The total assess erty subject to taxation iu said city of Paris is hereby levied and year I889, :ts shown ordered to be collected, levy for all purpos( SEc. 4' This ordinance is passed by virtue of Articles 4~9, cent. See page 96. 42o, 4z~, 422,423 aud 424 of chapter 4, title seventeen of the Re- vised Statutes of the State of Texas. S~c. 5' This ordinauce to take effect and be in force from and after its passage. Adopted April ~4, ~887, approved April ~4, x887' W. H. SI~UDm~, Mayor. Clar[