O60-11KENNEDALE ORDINANCE NO. 60-11
AN ORDINANCE APPROPRIATING AND TRANSiitRRING TO
THE CITY OF KENNEDALE GENERAL OBLIGATION BONDS,
1960, INTEREST AND SINKING FUND ALL SUMS HERE-
TOFORE COLLECTED OR TO BE HEREAFTER COLLECTED
PURSUANT TO THE 1959 TAX LEVY FOR THE THEN
CONTEMPLATED SEWER SYSTEM BONDS.
WHEREAS, by the terms of Kennedale Ordinance No. 59-4,
being the 1959 tax levy, there was a tax of Thirty Eight Cents
(3891) on each One Hundred Dollars ($100.00) valuation of pro-
perty levied for the proposed City of Kennedale Sewer System
Bonds, Series 1959, Interest and Sinking Fund; and
WHEREAS, the contemplated bonds were not actually
issued until 1960, and were issued by the terms of Kennedale
Ordinance No. 60-1 under the name of City. of Kennedale General
Obligation Bonds, 1960, which ordinance set up a fund to be
known as NCity of Kennedale General Obligation Bonds, Series
1960, Interest and Sinking Fund"; now, therefore:
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF KENNEDALE, TEXAS:
SECTION 1. That all moneys heretofore collected and
that may be hereafter collected by virtue of the aforesaid 1959
tax levy for the then contemplated City of Kennedale Sewer
System Bonds, Series 1959, Interest and Sinking Fund, are
hereby appropriated and transferred to the City of Kennedale
General Obligation Bonds, Series 1960, Interest and Sinking
Fund.
SECTION 2. The City Secretary, Treasurer, and any other
persons collecting such moneys on behalf of the City of. K.enne-
dale, are hereby authorized and instructed to transfer such
portion of the 1959 taxes as are attributable to the aforesaid
contemplated bond levy to the said General Obligation Bonds,
1960, Interest and Sinking Fund.
SECTION 3. The City of Kennedale General Obligation
Bonds, Series 1960, issued by virtue of Kennedale Ordinance
No. 60-1, adopted by the Kennedale City Council on February
11, 1960, are the Kennedale Sewer System Bonds mentioned as
being contetplated in the 1959 tax levy made under designation
of Kennedale Ordinance No. 59-4.
ADOPTED AND APPROVED this 6th day of October, 1960.
ATTEST:
Cit Secretary
(CITY SEAL)
APPROVED:
,iff6tir
gayor, City of Kennedale, Texas