Order No. 11724
Order Calling Kerr County Flood Control Bonds
Series 1956, for Redemption as of January 15, 1973
On this the 11th day of December, 1972, came on to be heard and con-
sidered by the Court the matter of calling for redemption certain Kerr County
Flood Control Bonds, Series of 1956; and it appearing to the Court that funds
_~ ~~~urrently available and budgeted for expenditure in the year 1973 out of the
'.; _,~ ;#~err County Flood Control Maintenance Fund in the amount of $20, 000. 00
'~
u~ should properly be applied to redeem, prior to maturity dates, certain bonds
:~
"t `pf this series end thereby effect a saving of interest costs to the taxpayers of
:~ . ~ .,.
ti
- Derr County, rat is hereby ordered on motion by Commissioner $torie
~i a
:~ -seconded by Commissioner 5811e@ and unanimously approved
L ~
=, ~-i <_~
=y'~~y the Court that Kerr County hereby declares that it will exercise its option
~'o y
'cto redeem as of January 15, 1973, and prior to maturity Bonds Number 135
00 Y
'g4hrough 154, inclusive, of the Kerr County Flood Control Bonds, Series 1956,
which bonds in the .principal amount of $20, 000, 00 would mature serially from
January 15, 1981 through January 15, 1983; and it is further ordered that the
Treasurer of Kerr County give notice hereof by a certified copy of this order
to the Chas. Schreiner Bank of Kerrville, Texas, and to the State Treasurer,
Austin, Texas, and that the aforesaid Bonds Nos. 135 - 154 shall cease to
bear interest from and after January 15, 1973, but that all interest due and
accrued as of that date shall be paid in the usual manner; and it is further
ordered that the proper officers of Kerr County be authorized to draw vouchers
on the Kerr County Flood Control Maintenance Fund in the aggregate amount of
$20, 000. 00 for the purpose of redeeming the said Bonds Nos, 135-154, in-
elusive, as they are presented for redemption.
H
4i
~'^
.^ ~