Title | Charter for the City of Houston |
Publisher | Texas World Publishing Company |
Date | 1897 |
Description | A bill entitled An act to provide a charter for the City of Houston, Harris County, Texas. |
Donor | Fuermann, George |
Subject.Topical (LCSH) |
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Subject.Geographic (TGN) |
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Genre (AAT) |
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Language | English |
Type (DCMI) |
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Original Item Location | ID 1970-001, Box 6, Folder 12 |
ArchivesSpace URI | /repositories/2/archival_objects/2673 |
Original Collection | George Fuermann "Texas & Houston" Collection |
Digital Collection | City of Houston, Its Development and Evolution |
Digital Collection URL | http://digital.lib.uh.edu/collection/1970_001 |
Repository | Special Collections, University of Houston Libraries |
Repository URL | http://info.lib.uh.edu/about/campus-libraries-collections/special-collections |
Use and Reproduction | No Copyright - United States |
File Name | index.cpd |
Title | Page 43 |
Format (IMT) |
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File Name | uhlib_1970_001_b006_f012_001_047.jpg |
Transcript | w 43 tiou to the City Council. The members of said board shall receive such compensation for their services while engaged upon said rolls as the Council may determine, and all matters pertaining to taxation shall be referred to such board, from whose final decision there shall be no appeal. Sec. 41. The City Council shall have the power and authority to issue during the year 1897 bonds to the amount of two hundred and fifty thousand dollars, which shall be sold for not less than par, the proceeds of the sale of which shall be devoted to the paving of streets, consi i-m-i ing sidewalks and sewers, building bridges and erecting school buildings and fire houses, and for the year 1898 shall have authority to issue a like amount of bends, the proceeds of the stile of which shall be devoted to the same purposes, and the City Council shall also have the.power and authority to issue bonds for the purpose of funding bonds of the city of a previous issue, and may also, by a vote of two^thirds of all the aldermen elected, borrow money on the credit of the city for other purposes to an amount not to exceed cue hundred thousand dollars in any one year, tend may issue bonds of the city therefor. To create a debt during any one year exceeding one hundred thousand dedlars exclusive of refunding bonds and of bonds for the purpose of paving streets, constructing sewers, building bridges and constructing school buildings and fire houses provided to be issued for the years 1897 and 1898, as above authorized, the question must be submitted to the taxpaying voters of the city, and if two-thirds of the votes polled shall be in favor of creating such debt, it shall be lawful for the City- Council to authorize the issuance of bonds for the amount named in the resolution named in the ordinance or resolution submitting the question to the voters. No bonds shall be issued drawing more than six per cent, per annum interest, and they shall be invalid if sold for less than par; and all bonds shall express upon their face the purpose for which they are issued. The ordinance authorizing any bonds to be issued shall provide a fund lo pay the interest and create a sinking fund sufficient to pay the bonds ai maturity, and said sinking fund shall H |