ORDER NO. 12040
ORDER DIRECTING FUNDING OF PAYMENT FOR KERR COUNTY FLOOD
CONTROL BONDS CALLED FOR RETIREMENT JANUARY 15, 1974
On this the 14th day of January, 1974 came on to be heard and
considered by the Court the matter of directing the funding of payments for
Kerr County Flood Control Bonds Nos. 90-134 inclusive called for redemption
as of January 15, 1974 pursuant to Order No. 12001 entered on the 10th
day of December, 1973; and it appearing to the Court that the sum of $45, 000. 00
will be required to comply with the provisions of the aforesaid order, it is
ordered on motion by Commissioner Bartel seconded by
Commissioner Sallee and unanimously approved by the Court
that the Clerk and the Treasurer be authorized to draw vouchers in the
aggregate sums of $45, 000. 00 for the purpose of redeeming said Bonds Nos.
90-134 as follows:
1. After the payment of principal on regularly maturing bonds in
the amount of $6, 000. 00 out of the present Flood Control Sinking
Fund and after the payment of interest due on all outstanding bonds as
of January 15, 1974 in the estimated amount of $777.75, vouchers
shall be drawn towards the redemption of bonds Nos. 90-134 inclusive
so as to reduce said Sinking Fund to a zero balance.
2. After reducing said Sinking Fund to a zero balance, vouchers to
redeem the remainder of said bonds Nos. 90-134 in the principal
amount of $45, 000. 00 shall be drawn on the Flood Control Maintenance
Fund; and it is further ordered that the sum of $ 6, 30,0. 00 is hereby
from the General Fund
ordered temporarily transferred/to the Flood Control Maintenance
Fund to cover any deficiencies of funds as might be required to accomplish
the foregoing as of January 15, 1974, it being the intention of the Court
that the General Fund of Kerr County shall subsequently be reimbursed
from ad valorem tax collections hereafter deposited in the Flood Control
Maintenance Fund.

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ORDER DIRECTING FUNDING OF
PAYMENT FOR KERR COUNTY FLOOD
CONTROL BONDS CALLED FOR
RETIREMENT JANUARY 15, 1974
1-14-74
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