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Wjja:L,ea�J tY:e City Coimcil of the City of i'e;au',lont
ed a fcsolution=�utI!()rizing the oureh o-- of all the land
con.tainod in H-Lr'oor Island fror,,, the East 23caumont Tuwn-isite
Cortuany for the sura of Twenty --five Thousand Doii-,rs (825,000),
payabl'c T:; enty-f iv( Hundred Dollars (f,;2500) cash and ^the'
balanco in nine (9) annuw,l ir_Ut_.l nunts of T.',enty--five Hunflfe-3
Doliwr (::)x;500) cao7i, be, �r_ irlg ir_t s ray 3t wt the, rat:; of s if_
per cent (6`'�), alp. interest payable wL nu_Llly on all sLid
—d_ef err; d pc.,,ym :nts, and -whereas in o.cd-r_ to _p_r. ol>er_1_y_arcvi1ec
for the ,Dwyrner_t of the sz-.id pl),rch�Lse money it is necc:8s'ary
th .t provision be, for their payment by a tax 1uvy,
Be it Ordained by the City Council of the City of Pe+murnon! :
Section 1, That is herr,by levied -znd shall �
collected on all t=axable property situ;, tern ,-iithin the linitis
Of tLie City of for the year 1920 an wdvalorem tax
of d, cell \ on he One Hu.ndre3 Dollars �
aLse.sE ped va,lu:iticn of all. property for the purpose of
crcwtin� �a oin1_ir,o, fund c.rld providing for the lwarnent of
inters Ut on nine (9) oblig"tions of the City of i:jeam,1ont,
.-I. ;cu.ted mLah a -port of the I;urch.-se priceof HarbGc, _w10.
for te nine (9) obl3gaticn bei -rig n ;-fiv
Hundred Doll ars (� �350O) :c:,ch, pwy_,,'ole in nin;s (9) :mlinual
iI t:3-1 rents on t,ld Y pril of nifle (9)
with t ,:r i-iterest due, on each
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:Ctit)17 �. That ti1].� levy of / C':r1tJ�Ori ti7E',
Onc: Klund red _]Doll: rs (,IOC) v it:ati.oil of ,,o,,E)rty, or. such.
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J. D. CAMPBELL
CITY ATTORNEY
BEAUMONT, TEXAS
t Dr it 12.$ 1920.
TO the, Hon. :,iayor and City Council:
I'le, your Ordinance Comimittee, to ,,,Tho)n
3�-ferred the Ordinance levyino, a tax to -,,-)rcvid--
for a sinking fiand, and the -)�,ymeant of inte--,,est
'01 ig,
on o !:-Ltions of tile City issued for the pi)r'
chase of Harbor 1,qLland, i:)p-v 1Favp to r
that we have, exa-,:iined said Ordinanco and re -
comment its passa-c.r� , A .
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