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HomeMy WebLinkAboutMinutes - City Council - Regular - 7/24/1922July 24th, 1922. The City Commission met at a Special netting with the following present; Mayor Percy Spencer, Commissioners H.G.Love, J.O.Jones, Geo.C. -/ VVolffarth and W.S.Posey, R.A.Sowder City Attorney and J.R.Germany, Secty. The mayor stated that the object of the meeting was to canvass the returns of the election held July 18th, 1922. RETURN OF ELECTION. Held at City Mall, City of "ubbock, Texas on the 18th of July 1922 for and against the Issuance of Water and Sewer Bonds. Total number of votes polled at this election 340 votes Number of votes polled for Sewer Bonds 298 votes it tt It it it Water " 297 tt Number of votes polled against Sewer Bonds 39 votes it ,t it , to tt WOer to 39 " THE STATE OF TEXAS COUNTY OF LUBBOUK. We., the undersigned managers of the election held by us at City Hall in the City of Lubbock County of Lubbock, Texas on the 18th day of July 1922 hereby certify that the above and foregoing return as required by law of the votes polled at asaid Election. Witness our hands this 18th day of July, 1922. R.T.Penney, Presiding OURg@ER Lon A. Mullican Clerk L.H.V.Terry Judge J.B.Nearrell to A.A.Bratcher Judge J.D.Johnson it T. C .Micheal It P. C .l!Iccoy it This day came on to be heard the report of the officers of the special election held within the City of Lubbock, Texas, July 18th, 1922, whereat the property tax paying voters of the City might determine if bonds of the City should be issued for the following purposes, towit; In the sum of $100,000.00 to be known as the 1922 City of Lubbock, Texas, Sanitary Sewer Bonds,ordered by Ordinance No. 206 and in the sum of $50,000. to be known as the 1922 City of Lubbock, Texas, V''fater System Bonds, ordered by Ordinance No. 205 and it appearing from a canvass of the result of. such election as certified by the officers thereof and vrhich certification has been ordered recorded in the Minutes, that a majority of the qualified voters of this City voted in favor of the issuance of such bonds, towit; "For the Issuance of Bonds in the sum of $100,000.00 for the purpose of rebuilding, extending and improving the Sanitary Sewer System, and levying a tax to pay the interest and create a sinking funds to redeem such. 298 voiB ''Against the issuance of bonds in the sum of $100,000.00 of bonds in the sum of $100,000.00 for the purpose of rebuilding, extending and improving the Sanitary Sewer System and levy of a tax to pay the interest and create a sinking fund to redeem such. 39 votes . "For the issuance of "ater Works bonds in the sum of $50,000.00 and levying a tax sufficient to pay the interest and create a sinking dund to pay and retire same" 297 votes. "Against the issuance of Water Works Bonds in the sum of $50,000.00 and levying a tax sufficient to pay the interest and create a sinking fund to pay and retire same" 39 votes . 39 votes. that both said propositions to issue bonds of this City have carried, as well as the levy of the taxes necessary to pay interest on same and create the sinking fund to retire them. Upon motion made by Mr. Posey seconded by Mr.Love the report was received and accepted by a unanimous vote. ,TiS-O:Srs& PACOlTRACT FAinBACOT" For 200 H. P. Engine Dallas, Texas. For and in consideration of the suns hereinafter specified, we, Fairbanys- Morse u Co., of Dallas, Texas (hereinafter designated as the CompanD.)propose to furnish and deliver to the City of Lubbock, of Lubbock, Texas, (hereinafter designated as the Purchaser), macninery and materials in accordance with the specifications and guarantees attached hereto and made a part of t,-Iis proposal as follows: Specification No. 1, July 27th., 1922............ Specification No. 2, July 27th., 1922. DELIVE=: The Company will deliver the machhinery and _aterials f.o.b. cars at factory, Beloit, Wisconsin, about sixty days from date of approval of this contract by the Dallas Office with full frli ht. allowance to Lu'-:'::ock, Texas. ERECTION: Purchaser agrees to have preparations for erection of the mac' -finery complete on its a- i,ival at destination, and .,Till then notify the Company at its office in Dallas. If requested, the Company will then send a. competent erecting engineer (at $10.00 per day and expenses,) at the Company's expense, who will superintend the erection and test of the machinery and do all wori. requiring skilled labor, Purchaser to furnish deeded co.r� :on labor, hauling, build fou_.idati.ons and necessarybuildings." GUARAITTEE OF W1^TEI;IAL Ai,';'; 767-KTA:�i�JI?: The mac in=ry herein specified a is guar- anteed by us to be well made, of mood material, and in workmanlike manner. If any parts of said machinery fail, through defect of wor'.,m-,anship or material, within one year from date of shipment thereof, this Company will replace such defective parts, free of charge, f.o.b. cars our Factory; but this Company will not be liable for repairs or al- terations unless the same are made with. Our written consent and approval. This Com- pany will riot be liable for damages or delays caused by such defective material or work- manship, and it is agreed that its liability under all guarantees, either expressed or implied, is expressly limited to tl.,e replacing; of parts failing; througl defect in �iork- manship or material, free of charge, f.o.b. its factory, within the time and in the manner aforesaid. Parts claini,ed to be defective are to be returned to us at our option, trans- portation. prepaid. GUARANTEE OF DUTY: Ohen the machino-ry is properly installed, if requested, the engineer of Fairbanks -Morse & Co., will at Purchaser's expense operate it (three, 12 hour) flays, demonstrating that it will operate successfully, as follot:s: Engine covered by attached specification No. 1 will run ,on a fuel consumption of 0.5 pounds of approved fuel oil for brake horsepower at full rated load on the -engine. 0.52 pounds at three-quarter load, and 0.6 pounds at one-half load. As soon as machinery is ready to test, and until accepted and settled for, the Purchaser agrees to furnish the load neede_j_ for a test, a careful and competent engineer, and other help, if nc;eded, also fuel, water, oil, waste, lights and other incidentals needed to operate the sane, and at all tines to render friendly and needed assistance to facilitate the erection and testing, of the macl-inery. Said engineer and other help to be under the direction of the Company's engineer, who is to hove entire; charge during erection and test, and w,:­o is 'o instruct Purchaser's engineer in regard to the proper management and operation of the mac} -:in ry. The limit of time wl.lich. the Company's engineer is required to ramain after J erection of niachir_ery is throe days, and if the mach i nery then performs according to contract, the Purchaser agrees to give the said engineer a,written acknowledgement that a successful test has been made; but if said engineer -A.s detained longer through any fault of the Purchaser, or b T Purchaser's refusing to g. re such acknowledgement w- when the mac��,inery so performs, the Purchaser agrees to pa!; for the extra ti.mce for such an engi.Ieer at the rate of 5710. C-0 per day and all expenses. If, at the end of test or such time as the Company claims to have fulfilled the contract, the Purchaser fails or refuses to give such acknowledgment, he will imme- diately notify the Compa—ny at its office in Dallas, by registered letter, in what par- r titulars he clail,s the machinery is defective or deficient, and the Company shall then have a. reasonable timie to re-..;edy such defects or deficiencies as may exist. But in case it shall appear to be be;rond the pok,-,er of the Company to male machinery perform ac- cording to contract within a reasonable time, then the Company shall renove the machinery within a reasonable time, after giv-ing thirty day's notice, at no expense to the Purchase it having refunded all money paid on sa-me. And all obligation and liability of either of the parties hereto to the other shall thereupon cease and determine and t'-iis agree- ment thereb,,T cancelled. And, it is further agreed that the use of said mac-incry for ten days after the time specified for said notice of defects, as above provided, without giving notice, shall constitute an ackno.^fledglaent that the machinery has performed according to con- tract. The Company hereby proposes to furnish the machinery and material in strict 67 accordance with the above specifications and guarantees for the sum of($15,745.00) Fifteen Thousand Seven Hundred and Fo-oty-Five Dollars, to be paid as follows: T E R T,1 Freight upon arrival of shipment at Lubbock, Texas. Draft B/L attached; Six City Vjarrants (300.00 Dollars each) payable in Six consecutive Avionths, be`;inning January loth., 1922, and ending June loth., 1923; also Twelve City .V'arrants (5�600.00 each) payable in Twelve consecutive months begiis_ ing July lOt"n., 1923, and end- ing June loth., 1924. One 100 H. P. type Y. Electric Engine; One Excitor Ameter; 3 Exeito:; snit; One 75 K.V. A. Alternator; One D. C. Aineter; 2 Cu,-rent transformers; One 7-1/2 K. W. Excitor; One triple pole oil switch for the consideration of $5,000.00 (Five Thousand Dollars) F. 0. B. cars, Lu.bboc]r, Texas. Above ea,uipmeitt covered by specifications, No. 1 & 2, dated now on file in Fairbanks -I orse & Co. Office, Dallas, Texas, To be delivered in first class running condition (less Air Starting Outfit, foundation bolts and switchboard) equipment, on erection and test of Machinery covered by attached speci- fications No. 1 & 21 Remainder: One City '�uarrant, payable July lOth., 1924. Purchaser agrees to not delay erection beyond thirty days from date of ship- ment, otherwise payments contingent upon erection become due. All indebtedness arising out of this contract, whether evidenced by notes or not, shell be payable at Dallas, Texas; and notes covering deferred payments shall be executed upon arrival of shipment, and deferred pa -menu shall bear interest at Six per cent per annum from date of shipment and ten per cent fror_, maturity; interest payable semi-annually, and said indebtedness shall be a first lien or, said property, (�-ihich shall remain chattels) until said notes or other indebtedness or renel.-Tals of same are fully paid. It is agreed that any claim for damages for breach of this contract shall be and is hereb., made payable at Dallas, Texas. This Proposal is made upon the follov.ring conditions Th.at the title and ownership of the propert herein specified shall remain in this Company until final payment therefor has been made in full, as above provided, and in the event that notes are taken at and, ti;ir:, representing deferred payments, or any balance that may be due, or in the event that any I_udonent is taken on account of all or any part of the purchase price, the title to such property shall not pass until such notes, so given, or extensions thereof, or suclA iudgcic:nt taken, are fully paid in money and satisfied.. This Company shall have the right to discount or transf-.:r any of said notes, and the title or right of possession in and to said. property shia11 pass thereby to .the legal holder of said notes. You shall take all such legal steps as may be required by t7he 1,iws of Texas for the preservation of this Companyls title as herein provided, and in the event of default by you in making any of said payments when due, as above provided or default by you in any of the terms of this agreeZient, the full amount of the purchase price shall, at the election of this Company, become imriedia.tel,i due and payyble; in which event this Com- pany, or its agents or representatives, shall ha?-e the right to take possession of said property, whereever found, without process of law, and shall not be held liable for such seizure, an,,'i this Company may, at its election upon �'vri tten notice to you, deposited in. the mails ten (10) days prior thereto, addressed to you at your last known address, sell said. property, or any part thereof, at public or private sale, and at which tale it shall be optional with. this Company to bid for and purchase their property, or any part there- of. This Company shall retain so much of thc proceeds of such sale necessary to satisfy the balance remaining due, together with the cost of sucl, removal and sale, and any ex" cess shall be paid to you. Should the proceeds of such. sale not cover the bal_ince re- maining due this Company, together with the cost of removal and sale, you shall pay tb.e deficiency to this Company forthwith after such sale. The said property shall be and remain strictly personal property and retain its character as such, no matter whether on permanent foundation or in what manner affixed or attached to bui.lding or structure, or what may be the consequences of its being disturbed on such foundatlion, building or struc- ture, or for what purpose the property may be used. If said Fairbanks-TaIlorse & Co. find it necessary to place the contract in the hands of an attorney for collection, I, or -.ire, agree to pay ten per cent (10%) for col- lecting same. The Purchaser agrees to receive machinery promptly and to pay all fribight charges thereon. The purc?-aser further agrees that promptly on arrival h.e, or they, will insure said machinery against loss or damage by fire for <,mount of indebtedness to Fairbanks -Morse & Co., in an insurance company or companies satisfactory to Fairbanks - Morse & Co., and will continue said insurance until th-e amount of aforesaid indebtedness is fully paid; loss, if any, payable to Fairbanks -Morse & Co., as its interest may appear, and delivcry the policy of policies to Fairbanks-1.'orse & Co., at Dallas, Texas. Or in case Purchaser fails to do so, Fairba:-,ks-T+io-rse & Co. may take out such insurance at Purchasc.r's expense. In case of loss or damage by fire, sr -id loss or damage shall have tie effect to imzi)ediately assign said. policies to it, Fairbanks-Mlorse & Co., whether taken out for their benefit or not. This proposal is binding v,`.cn signed by the Purchaser and approved by the Manager of Fairbaa;k s-Piorse & Co., at Dallas, Texas. This contract is made in duplicate and it is expressly u-nderstood t';at it is tho only one in existence between said parties concerning matters herein stated, and there is no verbal understanding whatever changing or r:_odifyir_g it. The u.�dersigned also hereby agrees to pay said. Fairbanks -Morse & Co. twenty per cent. of the net amount stated in this contract as liquidated damages, provided this order is countermanded. It is a further condition of this contract tht-it Fairbanks -Morse & Co., shall not be held responsible for delay of shipment caused by Factories, Strikes, Fires, Floods, Carriage,..Accidents or other delays, unavoida le or beyond their control; and receipt of these goods by the Purchaser from the railroad company shall constitute a waiver of an, claim for damages due to delay in- sbipments, and in case of non -acceptance from the railroad company the damages for delay in filling or Shipping the mac'_ -finery ShaI11 in no case exceed in ariount the rental value of similar> mac'.,inery for th-e period of such. delay, uhicl, is hereby agreed to be the sole element of such damage. It is a further condition of tllh.is contract that Fairbanks -Morse & Co. shall not be held responsible for damages in the use of this machinery, either original or consequential, and Purchaser shall make good any loss to them on same caused by F're, Carelessness or Malicious Injury until sa,-_Le is fully paid for. Respectfully submitted, C . T)i . Thompson Salesman, F AIRBAI:?KS-MORSE & CO. The above proposal is hereby accepted this the 27th. day of July, 1922. With the definite u-.derstandir g that there are no verbal a, ;r.:erients changing or modifying it. Witness.C..M..Thompzom......... '�`vitne s s ... Gec:.. C .. vGlffarth .... City of Lubbock, Texas, Lubbock, Texas: Gentlemen: Signed City of Lubbock (President Percy Spencer (Secretary J. R. Germany Lubbock, Texas. 7/23-1922. Proposed terms of payment on $5,000.00 note iihich became due Aly first, 1922, on last 200 H. P. Electrical Urit purchased from Fairbanks -Morse & Co. It is understood that the back interest is to be paid now, which amounts to `,451.70 and pays interest in full up to July first, 1922. In addition to this,one pay- ment of $600.0C' for the July payment and is to be paid at once. It is also understood between the City �,f Lubbock, Texas., and Fairba--iks3Tiorse & Co., that instead of making the interest rate of 8o per annuni on this old account, that said interest rate shall be 6 0, but that the difference of this 20lower rate in. money shall be added on th,- last note. I figure this difference amounts to approximately 1p35.20. The City agrees to ive Fairbaril-s-Trior-Fe & Co., City �;arrants made out for the following amounts, and to becom( due and payable as follo,�-7s:- Interest to be paid each month: Warrents 0600.00 due July first, 1922. 600.00 It Aug. tenth, 1922 600.00 " Sept. " , 1922 600.00 " Oct. t1 1922 600.00 " Nov. " 1922 300.00 " Dec. " 1922 300.00 " Jan. " 1923 300.00 " Feb. " 1923 300.00 " Merch " 1923 $300.00 due April,,ter.th, 1923 500.00 " May " 1923. Approx.--- 35.35-2% May " 1923, J 69 '.1171 2j,;REAS, at an election held in the City of Lubbock, Texas, on the 18th day of July, 1922, a majority of the qualified voters, who are property taxpayers of `- the City of Lubbock, Texas, voting at said election, sustained t'r:e proposition to issue the bonds hereinafter described for the principal sum of ONE HU''DRLD THOUS- AI.D DC1LL \RS( 1. )100,000.00), by a vote of 298 in favor of the issuance of such bonds, and 39 against the issuance of such bonds: TNEREFORE, B1.1 IT ORDAIId�D _FY TIi' CITY CO'"i.-I�',2IOId OF THE CITY OF LUBEOCIi, TEXAS : Section 1. That the bonds of said city, to be called "CI'Y OF LUBTOCK SAi I`1.'ANY S-,'VIFR SYST',.;I,' ONDS" Series of 1922 bo issued under and by virtue of the Constitution and Laws of the State of Texas, including the Charter of the City of Lubbock, for the purpose of rebuilding, extending and improving the Sanitary Sewer System of said City, in the principal sum of ONE HUNDRED THOUSAANL DOLLARS($100,000) Section 2. That said bonds shall be numbered consecutively from one (1) to one hundred (100), inclusive, shall be of the denomination of ONE. THOUSAND DOLLARS ($1,000.00) each,aggregating the sum of ON-E' HUNDRED ^1HOUSAND DO.i=.LARS (��100,000.00). Section 3. That staid bonds shall be dated the FIRST DAY OF AUGUST, 1922, and shall become due and payable, serially, as follows, tov;rit: BOI`ID 1JUMBERS I,1L TI_TRI T'Y DATA ATIOUI'TT 1-2-3- February 1,.1925 :,"n'3,000.00 4-5-6 „ 1, 1926 - 3,000.00 7-8-9 " 1, 1927 3,000.00 10-11-12 " 1, 1928 3,000.00 13=1,�-15 " 1, 1929 3,000.00 16-17-18 " 1, 1930 3,000.00 19-20-21 " 1, 1931 3,000.00 22-23-24 " 1, 1932 3,000.00 25-26-27 " 1, 1933 3,000.00 28-29-30 " 1, 1934 3.000.00 31-132-33 " 1, 1935 3,000.00 34-35-36 " 1, 1936 3,000.00 37-38-39 " 11 1937 3,000.00 40-41-42 " 1, 1938 3,000.00 u 43-44-45 " 1, 19:;9 :�, 000.00 46-47-48 " 12 1940 3,000.00 Continued from Page 68. u°Jar.rents end date when pay>..ble on new 200 H. P. Unit. $100.00 due Jan. 10, 1923 300.00 " Feb. " 1923 300.00 " Mch. " 1923 300.00 " Apr. " 1923 300.00 " Ialay " 1C23 300.00 " June " 1923 600.00 " July " 1923 600.00 " Aug. " 1923 600 .:i0 " Sept. " 1923 600.00 " Oct. " 1923 600.00 " Nov. " 1923 600.00 " Dec. " 192.3 600.00 " Jan. " 1924 600.00 " Feb. " 1924 600.00 " Mch. " 1924 Total �plO745.00..... 600.00 " Apr. " 1924 5000.00...Allowa.nce on Old Unit F.P.B.Cars, Lubbock. 600.00 " May " 1924 15745. ..Contract price of 200 H. P. Unit. 600.00 " June " 1924 1745.00 " July " 1924. This amount will be less the freight paid on arrival of shipment. Very truly yours, Salesman ---- C. M. Thompson, Fairbanks-Ylorse & Co. 71 THE STATE OF TEXAS,: O.ttDINANCL, AUTI.IORIZII\]G ISSUANCE OF WA`I'ER ..ORKS BONDS, 'ITY OF LUBPOCK, Series of 1922, �P50,000.00. COITNTY OF LUBEOCK On this the 24th day of July, 1922, the City- Commission of the City of Lubbock, Texas, convened in regilrr session at its regular meeting place in the City Hall, all members thereof being present, and among other business tran- sacted, the following ordinance was adopted: Ordinance _'IL e_ 210. "AN ORDINANCE by the City Commission of the City of Lubbock, Texas, author-. izing the issuance of bonds for the principal sum of FIFTY TFOUSA,TD DOLL�n-S (p50,000.00), for the purpose of building, extending and improving the water works system of the City of Lubbock;nroviding for the levy, assessment and col- lection of a sufficient tax on the one hundred dollars' valuation of all taxable property within the limits of said city to pay the intrest and create a sink- in�7 fund for the redemption thereof; prescribing t"heform of bond snd intrest coupons; and declaring -n emergencl." Coimiiissioner J.O.Jones moved that V-e. ordinance be placed on first reading by caption; seconded by Comrlissioner H.r.Love, and carried unanimously. �__' COERTlissioer G.C. Wolffarth moved that the rule of the City Charter re- quiring an ordinance to be read at two several meetings be suspended, and that the ordinance be finally passed and adopted; seconded by Comrissioer. J.O.Jones and unanimously carried. The Mayor then declared the ordinance finally adopted. The ordinance follows: Ordinance Number 210. "AN ORDINANCE by the City Co,,u_iission of the City of Lubbock, Texas, authorizing the issuance of bonds for the principal sum of FIFTY THOUQAND DOLLAIB (850,000.00), for the purpose of building , extending -�,nd improving the water works system of the City of Lubbock; providing for the levy, assessment and col- lection of a sufficient tax on the one hundred dollars' valuation of all tax- able property within the limits of said city to pay the intrest and create . sinking fund for the redemption thereof; prescribing the form of bond and est coupons; and declaring an emergency." WHEREAS, at an election held in the City of Lubbock, Texas, on the of July, 1922, a majority of the qualified voters, who are property taxpayers of the City of Lubbock, voting at s^id election, sustained the proposition to issue t )e bonds hereinafter described for the principal surn of FIF`i'Y THOUSAND T)OI-TZARS ( %0,000.00), by a vote of 297 in favor of the issuance of such bonds, and 39 against issuance of such bonds; THEREFOR , Bh IT ORDAINr;D BY TH _, CITY COT.,T17ISSIO'T OF THr� CITY OFT LUBROCK, T "'XA Section 1. That the bonds of said city, to be called "CITY OF LUFiEOCK tiVAT],,R '�iORKS BONDS, Series of 1922, be issued under and by virtue of the Consti- tution and Laws of the State of Texas, including the Charter of the City of Lubbock, for the purpose of building, extending and improving the water works system of the City of Lubbock, Texas, in the principal sum of FIFTY THOUSAND DOT:LA RS (`�50,000.00). Section 2. That said bonds shall be numbered consecutively from one(1) to fifty (50) inclusive, shall be of the denomination of 01\1F THOUSA 1) DO�L/xRS ($1000,00.) each, aggregating the sum of FIFTY THOUSAND DO_LL•ARS ($501000.00). Section 3. That said bonds shall be dated the FIRST DAY OF AUGUST., 1922 and shall become due and payable, serially, as follows, towit: BOND NUMBERS MATURITY DAT-E AYOUNT i-Q, 1-2 Februrary i -'D25 $2,000.00 2,000.00 3-4 1, 1926 5-P 1, 1927 2,000.00 7-8 1, 1928 2,000.00 9-10 " 1, 1929 2,000.00 11-12 " 1, 1930 2,000.00 13-14 " 1, 1931 2,000.00 15-16 " 1, 1932 2,000.00 17-18 " 1, 1933 2,000.00 19-20 " 1, 1934 2,000.00 21-22 " 1, 1935 2,000.00 23-24 " 1, 1936 2,000.00 25-26 " 1, 1937 2,000.00 27 " 1, 1938 1,000.00 28 " 1, 1939 1,000.00 29 " 1, 1940 1,000.00 30 " 1, 1941 1,000.00 31 " 1, 1942 1,000.00 32 " 1, 1943 1,000.00 33 " 10 1944 10000.00 34 " 1, 1945 1,000.00 35 " 1, 1946 1,000.00 36 " 11 1947 1,000.00 t 37 " 1, 1948 12000.00 19 " 1, 1949 1,000.00 40 " 10 1950 1,000.00 41 " 10 1951 1,000.00 42 " 10 1952 1,000.00 43 " 1, 1953 1,000.00 44 " 1, 1954 1,000.00 45 "' 11 1955 10000.00 46 " 1, 1956 10000.00 47 " 1, 1957 10000.00 48 " 10 1958 10000.00 49 " 1, 1959 1,000.00 50 " 1, 1960 15000.00 11 1100 1, 06)0-00 Section 4. That they shall bear interest at the rate of FIVE AND ONE HALF PER CENT(5-1/2') per annum, payable semiannually -on the FIRST DAY OF and t',e FIRST DAY OF AUGUST, in each year. :action 5. That principal and interest of said series of bonds shall be payable in lawful money of the United States of America on presentation and surrender of bond or proper coupon at the HANOVER NATIONAL BANK, New York, N.Y. Section 6. That each of said bonds shall be signed by the mayor, c ountersigned by the city secretary, and registered by the city treasurer, end t he corporate seal of the "City of Lubbock" shall be impressed upon each of J them. Section 7. That the facsimile signatures of the mayor and city secre- tary may be lithographed on the interest coupons attached to said bonds, and shall have the same effect as if such coupons had been signed by them. Section 8. That the form of said bonds shall be substantially as follows: No. - UNITED STAT S OF AI.":ERICA, STATE OF TYMS 501, 000.00 COUNTY OF LUBBOCK CITY OF LUBFOCK WATER 4ORK FONT Series of 1922. KN05PJ ALL MIETT BY THESE PRESENT: That the City of Lubbock, in the county of Lubbock, State of Texas, a municipal corporation_ duly incorporated under the laves of the State of Texas, for value received, hereby promises to pay the bear- J er hereof ONE TIIOUSAND DOLLARS (;5V.1,000.00), in lawful money of the United States of America, on the FIRST DAY OF FEBUIiARY, 19 , with interest thereon from t,,e date hereof at the rate of FIVE AND ONE H!LF PER CLNT (5-1/2 ) per annun, pabable on the FIRST DAY OF FEB- URARY and the FIRST DAY OF AUGUST, in each gear, on presentation and surrender of the annexed interest coupons as they severally mature. BOTH PRINCIPAL AND INTEREST of this bond are hereby made payable at the HANOVER NATIONAL BANK, New York, N.Y., and for the prompt payment of this bond and the interest thereon at maturiry, the full faith, credit and resources of the City of Lubbock, Texas, are hereby irrevocably pledged. THIS BOND is one of a series of fifty (50) bonds, numbered consecutively from one (1) to fifty (50), inclusive of the denomination of ONE THOUSAND DOL- LARS .;) ,000.00) each,aggregating the sum of FIFTY THOUSAND DOLLARS($501000 X?"O issued for the purpose of building, extending and improving the water works system of said city, under and in strict conformity with the Constitutior 1,1 Zaws of the State of Texas, and t'he City Charter of said City, and pursuant to an ordinance Number 210, adopted by the City Commissinn of the City of Lubbock,, Texas, on the 24th day of July, 1922, which ordinance is of record in Book 3, page 71PO54�5 et seq., of the Minutes of the City Commission. IT IS HEREBY CERTIFIED AND RECITED that the issuance of this bond, and the series of which it is a part, is duly authorized by law and by vote of the qualified property tax -paying voters of the City of Lubbock, Texas, voting at an election held for that purpose within said city on the 18th day of July 1922; that all acts, conditions and things required to be done precedent to and in the issuance of this series of bonds, and of this bond, have been grope--ly done and preformed and have happened in regular and due time, form and manner as required by law;that sufficient and proper provision for trie levy and collection of taxes has been made which when collected shall be appropriate.' exclusively..to tl-'k.e pay- ment of this bond, and of the series of wl,i_ch it is a part, and to the payment of the interest coupons there to annexed as.the same shall become due; and that the total indebtedness of said City of Lubbock, Texas, including tl,,e entire series of bonds of which this is one, does not exceed any constitutional or sta- tutory limitation. IN T STIT-IONY V!II-',REOF, the City of Lubbock, Texas, by its "ity Commission, has caused its corporate seal tobe affixed hereto, and this bond to be signed by its Yayor, countersigned by its city secretary, and .registered by its city treasurer, and t'�te interest coupons hereto attached to be executed by the litho- graphed signatures of t'qe mayou and the city secretary; the date of this bond, in conformity with ordinance above referred to, being the FIRST DAY OF AUGUST, 1922. Mayor, City of Lubbock, Texas. Countersigned: _ City Secretary, City of Lubbock,Tex- 74 Registered: City Treasurer, City of Lubbock, Texas. Section 9. That the form of interest coupon shall be substantially s follows: F?o . ON THE FIRST DAY OF Fr;BURARY (or August) 19 , 4'27.50 the City of Lubbock, Texas, hereby promises to pay to bearer at the HANOVFR NATIONAL B ^,NK, New York,N.Y. , the sure of TVJ] 9TY SEVEN AND 50/100 DOLLARS (627.50 ), in lawful money of The United States of America, being six months' interest on the City of Lubbock.,?d`ater ?;orks Bond, Series- of 1922, No.�, dated August 1, 1922. Mayor City of Luboc , Texas. Section 10. That the following; certificate shall be printed on the lack of each bond; OFFICE OF COT. P` ROJ_,LER STATE OF TErLAS . I HEARBY CEhl^IFY that there is on file and of record in my office a cer- tificate of the Attorney General of the State of Texas to the effect that t!lis bond has been exanined by him as required by law and that he finds that it has been'issued in conformity with the Constitution &nd Laws of the State of Texas, and the City Charter of the City of Lubbock, Texas, and that it is valid and binding obligation upon said City of .Lubbock, Texas, and said bond has this day been registered by me. ?-11ITNESS -r HAND and seal of office, at Austin, Texas, this the day if , 1922. Comptroller of Public Accounts of t?;e State of Texas. Section 11. BE IT FUTNER ORDAINED BY THE CITY COI.-:YI`'ZIO'_`T OF THE CITY OF LUBBOCK.,TEXAS: That to pay the interest on said bonds and create a sinking fund sufficient to redeern them at maturity a tax of LIGHT ATD FOUR-TE'iTTIJS CENTS (.O84;.) on each hundred dollars' valuation of taxable property in the said Gity of Lubbock, Texas, shall be annually levied on said grope;.ty and annually assess- ed and collected, or so much thereof as may be necessary, until said bonds with interest thereon have been fully paid, and the said tax of EIGHT AND FOUR TEN UIS ChTJ1*T1':(O84c) is here nov levied for the current ,year, and so much thereof as may be necessary for each succeeding year while said bonds are outstanding, and the snrre shall assessed and collected for the coming ,year, and so much thereof as may be necessary annually thereafter, and applied to the purpose named. Section 12. IT IS FU`1'?TLR ORDAINED THAT Percy Spencer the Mayor, or R.A. Sowder, City Attorney of said City, shall be authorized to take and have charge of all necessary records pending investigation by the Attorney Gene. -al and shall take and have charge and control of the bonds herein authorized pend- ing their approval by the Attorney General and registration by ttile Comptroller of Public Accounts. I 75 THE STATL,; OF TEXAS: ORDINANCE AUTHORIII `�r' ISSUANCE OF SANITARY SEWERSYSTEP -ANDS �1 CITY OF LUBBOCI{, Series of 1922, $100,000.00. COU'I TY OF LUEBOCI< , : On this the 24th day of July, 1922, the City Cormiission of tree City of Lubbock, Texas, convened in regular session at its regular rreetin place in the City Hall, all members thereof being present, and, among other business trensacted, the following ordinance was adopted: Ordinance T 211. "AN ORDINANCE by the City Commission of the City of Lubbock, Texas, authorizing the issuance of bonds for the principal sur.- of ONE HUNDRED THOUSAND DOLLARS (0100,000.00), for the purpose of rebuilding, extending and improving the Sanitary Sewer System ; providing for the levy, assessment, and collection a sufficient tax on the one hundred dollars' valuation of all taxable prop- erty within the limits of said city to pay the interest and create a sinking fund for the redemption thereof; prescribing t?,eforn of bond and interest coupons; and declaring an emergency." Comrnissioner• Geo. C. VVolffarth moved that the ordinance be placed on first read- ing by caption; seconded by Commissioner J.O.Jones, and carried unanimously. Commissioner H.G.Love moved that the rule of the City Charter requiring an ordin- ance to be read at two several meetings 1_e suspended, and thet the ordinance be finally passed and adopted; seconded by Commissioner '4'i.S.Posey and carried unanimously. The Mayor then declared t',e ordinance finally adopted. The ordinance follows: Ordinance NO. 211. "AY,, ORT)I*,'l YCE by the City Commission of the City of Lubbock, Texas, authorizing the issuance of bonds for the principal suss of ONE IJUiIDRES THOUSAT•iD DOLLARS ( u100, 000.00) , for the purpose of rebuilding, extending and improving t', e Sanitary Sewer System; providing for the.levy, assess_ent and collection of - a sufficient tax on the one hundred dollarsvaluation of all taxable prop- erty within the limits of said city to pay tTle interest and create a sinking fund for the redemption thereof; prescribing tl�e form of bond and intei•est- coupons; and declaring an emergency." BONIWBUS PTATTE ITY DATE APrOUNT 49-50-51 52-53-54 55-56-57 58-59-60 61-62-63 64-65-66 67-68-69 70-71-72 73-74-75 76-77-78 79-80-81 82-83-84 85-86-87 88-89-90- 91-92-93 94-95 96-97 48-99 100 Section 4. Februrary 1, 1941 it 1, 1942 " 1, 1943 It 1, 1944 if 1, 1945 " 1, 1946 " 1, 1947 " 1, 1948 " 1, 1949 " 1, 1950 " 1, 1951 " 1, 1952 " 1, 1953 " 1, 1954 " 1, 1955 " 1, 1956 " 1, 1957 " 1, 1958 " 1, 1959 $3,000.00 000.00 3,000.00 3.9000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.90 3,000.00 3,000.00 3,000.00 2,000.00 2,000.00 2,000.00 1,000.00 That they shall bear intere,­t at tl- e rate of FIVE AND ONtF,"-HALF PER CMMIT(5-1%2') per annu.m, payable semiannually on the FIRST DAY OF FEBRURARY and the FIRST D1Y OF AUGUST, in each year. Section 5. That t"�e principal and interest of said series of bonds shall be payable in lawful money of the United States of America on presentation and surrender - of bond or propercoupon at the HA-•IOV!'R NATIOlTAL BAflK, New York, N.Y. Section 6. That each of said bonds shall be signed by the mayor, counter- signed by the city secretary, and registe ed by the city treasurer, and the corporate seal of the "City of Lubbock" shall be impressed upon each of them. Section 8. That the form of said bonds shall be substantially as follows: No. UINITED STATES OF AVERICA pi, 000.00 STAT-L'-�* OF TEXAS COUNTY OF TZ7BOCK. CITY OF LUBBOCK SATTITANY SYSTEr" BOND Series of 1922. KIOV-j ALL T-,:IETT BY T.�TESE PRESENT: That the City of Lubbock, in t',e County of Lubbock, State of Texas, a municipal corporation duly incorporated under tI_e laws of the State, of Texas, for value received, hereby promises to pay to the bearer hereof UTJE T'NOtJSA_I DU i.Li ( �!p 000.00) , in lawful money of the United States of America, on the FIRST DAY OF SEPT IEBr;R, 19 , with interest thereon from the date hereof at the rate of FIVE AND ONE-HALF PER CENT (5-1/20) per annilm, payable on the FIRST DAY OF FEBRURARY and the FIRST DAY OF AUGUST,in each year, on presentation and surrender of the annexed interest coupons as they several- ly mature. BOTH, PRITTCIPAL AND INTERE"T of this bond are hereby made payable at the HANOVER NATIOTTAL BATIK, New York, N.Y., and for the prompt payment of this bond and the interest thereon at maturity, the full faith, credit and resources of the City of Lubbock, Texas are hereby irrevocable pledged. TFIS BOND is one of a series of one hundred (100) bonds, numbered consecutively from one (1) to one hundred (100), inclusive, of the denomination of ONE THOUSAND DOLLARS (�1,000.00) each, aggregating the sum of ONE HUNDRED THOUSATT D DOLLARS (,$100,000, issued for the purpose of rebuilding, extending and improving tTie Sanitary Sewer System of .-said city, under and in strict conformity with. the Constitution and laves of t!,e State of Texas and the Cit7T Charter of said City, and pursuant to an ordinance number 211 adopted by the City Commission of the City of L�xbbock, Texas, on the 24th day of July, 1922, which ordinance is of record Book 3, page 76-78-0-80-1 et secs., of the Yinutes of t'_ e City Commission. IT IS H.'�RIBY CERTIFIED A TD ITECITED tliat the issuance of this bond, and tI e series of !which it is a part, is duly authorized by law and by vote of t �.e pualified property tax -paying voters of the City of Lubbock. texas, voting at an election held for that purpose within said city on the l8th day of July, 1922; that all acts, conditions and things required to be done precedent to and in the issuance of this series of bonds, and of this bond, have been properly done and performed and have happened in regular and due time , form and manner as required by _ln that sufficient and proper provisicn for the levy a -id collection of taxes has been made which when collected shall be appropl- ated ey>clusively to t,-.e payment of this bond, and of t-ie se -ies of which it is r part, and to the payrr_ent of t'�-le interest coupo-s tr;e. eto annexed as the same shall become due, and that the total indebtress of s:id City of Lubbock, Texas, including the entire s series of bonds of whic' t'"is !.s one, does not exceed any constitutional or statutory limitation. II`T `I; STII OTTY ii,�REOF, tI e City of Lubbock, Texas, by its City Commission, has caused its corporate seal to be affixed hereto, and this bond to be signed by its i Yayor, countersigned by its secretary, and registered by its city treasurer, and the I 7 Section 13. The fact that the City of Lubbock, Texas, is badly in need of the im- provement authorized by the bonds herein described, and the fact that such improvement is necessary and will be to the best interests and general welfare of the said city, create an emergency and an imperative public necessity that the rule of the City Charter requir- ing an ordinance to be read at two several meetings before final passage, be suspended, and - IT IS ORDAINED that this ordinance shall tare effect and be in force immediately upon pass- age and approval. Passed and approved th�s the 24th d.!�y of J-uly, 1 2. PL"ay o , ty of Lubbock, Texas ,A A'TTi ST: TITE STATE' OF T. CITY OF LUBBOCK, ) COUNT' OF LUBD'OCK, ) I J.R.Germany, City Secretary of V :; City of Lubbock, Texas, DO HL'REBY CERTIFY that the above and foregoing is a true and correct copy of an ordinance adopted by the City Commission of said City at its regular meeting held on July 24th, 1922, c;11 members thereof being present, and which is now of record in Book 3 , Page 76 to 81 et seq., of the 1,�inutes of ';he City Coriission. WITNESS T;°Y HA?4D and the Seal of the City of Lubbock, Texas, this the 31 dey of July, 1922. City Secretary, City of Lubbock, Texas. THE STATE OF TEXAS O LDI1,11\ �,rCE AUT_ ORIZING ISSUA1vCE OF CITjl OF LUBTEOCK S=\:'IT.AI Y S 11i ;', SYSTETLi- BO.iIDS Series of 19P2. COUNTY OF LUBDOCK 0100,000.00 On this the 24th. day of July, 1922, the City Commission of the City of Lubbock, Texas, convened in regular session at its regular meeting place in the City Hall, all me:ii.bers thereof being present, and among other business transacted, the followinLT ordinance was adopted: Ordinance No. 212. 'tA:,f ORDINAINCE by the City Commission of the City of Lubbock, Texas, authorizing the issuance of bonds for the princi- pal sum of 011 HUI`,DRED THOUS A TID DOLLARS (p100, 000. 00 ) for the purpose of rebuilding, extending and improving the Sanitary Sewer System; providing for the levy, assess- ment, ancJ collection of a sufficient tax on the one hun- dred dollarst valuation of all taxable property within the limits of said city to pay the interest and create a sinking fund for the redemption thereof; prescribing; the form of bond and interest -coupons; and declaring an emergency." Coi-nnissioner Geo. C. .' olffarth moved that the ordinance be placed on first reading by caption; seconded by Corr: iissiover J. 0. Jones, an__ carried unanimously. Co­-issioner H. G. Love :moved that the rule of the City Charter requiring an ordinance to be read at two snve.ral meetings be suspended, and that the ordinance be finally passed and adopted; seconded by Conur.�issioner W. S. Posey, and carried unanimously. The Mayor then declared the ordinance finally adopted. The ordinance follows: Ordinance No. 212. "AN ORDINANCE by the City Commission of the City of Lubbock, Texas, authorizing the issuance of bonds for the princi- pal sum of ONE HUNDRED THOUSAND DOLLARS Q100,000.00), for the purpose of rebuilding, extending and improving the Sanitary Server System; providing for the levy, assess- ment and collection of a sufficient tax on the One hun- dred Dol'ars' valuation of all taxable property within the limits of said City to pay the interest and create a sinking fund for the redemption thereof; prescrib'.ng the form of bond and interest -coupons; and declaring an emergency." WHEREAS, at an election held in the City of Lubbock, Texas, on the 18th., day of July, 1922, a majority of the qualified voters, who are property tax- payers of the City of Lubbock, voting at said election, sustained the propo- sition to issue the bonds hereinafter described for the principal sum of ONE HUNDRED TH:OUSAYD DOLLARS ($100,000.00) by a vote of 298, in favor of the issuance of such bonds, and 39 against the issuance of such bonds: THEREFORE, BE IT ORDAINED BY TnU CITY CO?, nISSI;:N OF TIC; CITY OF LU POCK, TEXAS: Section 1. That the bonds of said city, to be called "CITY OF LUBEOCK SANITARY SEWER SYSTEI4f BONDS Series of 1922" be issued under and by virtue of the Constitution and Laws of the State of Texas, including the Charter of the City of Lubbock, for the purpose of rebuilding, extending and improving the Sanitary Sewer System of Said City, in the principal sum of ONE HUNDRED THOUSAND DOLLARS ($100,000.00.) Section 2. That said bonds shall be numbered consecutively from one (1) to one hundred (100) inclusive, shall be of the denomination of ONE THOUSAND DOLLARS ($1,000.00) each, a0gregating the sum of ONE HUNDRED THOUSAND DOLLARS, ($100,000.00) Section 3. That said bonds shall be dated the FIRST DAY OF AUGUST. 192?. and shall become due and payable serially, as follows, towit: BOYD NUMBERS MA^lURITY DATE AMOUNT 1-2-3 February 1, 1925 $ 30000.00 4-5-6 " 1, 1926 3,000.00 i 7-6-9 " 1, 1927 30000.00 10-11-12 " 1, 1028 3,000.00 13-14-15 " 1, 1P29 3,000.00 1G-17-18 " 1, 1030 3,000.00 19-20-21 " 119 1931 3,000.00 22-23-24 " 111 1932 3,000.00 25-26-27 " 1, 1933 3,000.00 28-29-30 " 1, 1934 3,000.00 31-32-33 " 13, 1935 3,000.00 34-35-59 " 1, 1936 3,000.00 37-38-39 " 1, 1937 3,000.00 40-41-42 " 1, 1938 3,000.00 43-44-45 " 1, 1939 3,000.00 46-47-48 " 1, 1940 3,000.00 49-5051 " 1, 1941 3,000.00 52-53-54 " 11q 1942 3,000.00 55-56-57 " 1, 1943 3,000.00 58-59-60 " 1, 1944 3,000.00 61-62-63 " 1, 1945 3,000.00 64-65-66 " 1, 1946 3,000.00 67-SO-69 " 1, 1947 3,000.00 70-71-72 " 1, 1948 3,000.00 73-74-75 " 10 1949 3,000.00 76-77-78 " 1, 1050 3,000.00 79-80-81 " 1, 1951 3,000.00 82-83-84 " 1, 1952 3,000.00 85-86-87 " 1, 1953 3,000.00 88-89-90 " 1, 1054 3,000.00 91-92-03 " 1, 1955 32000.00 interest coupons hereto attached to be executed by the lithographed signatures of ( t::e mayor and the city secretary; the date of tl;e bond, in conformity with the or- dinance above referred to, being th.eFIRST DAY OF AUGUST, 1922. Countersigned: Mayor, City of Lubbock, oc , Texas. Refistered: City Secretary, City of Lubbock, Texas. City treasurer, City of Lubbock, Texas. Section 9. That the form of interest coupon shall be substantially as follows: No. ON THE FIRST DAY OF FEBRUARY(or AUGUST) 19 , $27.50 the City of Lubbock, Texas. hereby �)romises to pay tp bearer at the HANOVER NATION A BANK, New York. N.Y., the stun of TGuEITTY Sh,Vj7',T%T AND 50/100DOL•L.ARS($27.50), in lawfu 1 money of the United States of America, being six months' interest on the City of Lubbock Sanitary Sewer Bond, No. ., Dated_ August 1, 1922. Mayor, City of Lubbock, Texas. City Secretary, City of Lubboc., Texas. Section 10. That the following certificate shall be printed on the back of each bond: OFFICE OF COMPTROLLER STATE OF TE-C-'S I HEREBY Ch_'RTIFY that there is on file and of record in my office a certificate of the Attorney General of the State of Texas to t- effect that this bond has been. examined by him as required by law and the he found that this has been issued in conformity with the Constitution and laws of the State of Texas, and the City Charter of the City of Lubbock, Texas, and that it is a valid and binding obligatio upon. said City of Lubbock, Texas, and said bond has this day been registered by me . WITNESS P,'t HAND and seal of office, at Austin, Texas, this the day of , 1922. Comptroller of PUbTTC Accounts of the State of Texas. Section' ll. BE IT FUTHER ORDAINED BY THE CITY COMI;?ISSION of ,j CITY OF LUBBOCK, TEXAS: That to pay the interest on said bonds and create a sinking fund sufficient to redeem them at maturity a tax of SI-<.T,sE'I AND SIX-Ti1TTHS CENTS (.166) on each one hundred dollars' valuation of -taxable property in the said City of Lubbock, Texas, shall be annually levid onsaid property and annually assessed and collected, or so much thereof as may be necessary, until said bonds with interest thereon have .been fully paid, and said tax of SI::TEEIST AND SIX-TLTdTES CLNTS (.166�, ) is here now levied for t-:ie current year, and so much thereof as may be necessary for each succeeding year while said bonds are outstanding, and the same shall be assessed and collected for the current year, and so much thereof as may be neces- sary annually thereafter, and applied to the purpose nar.cd. Section 12. IT I,") FUT;TER ORDAINED that Percy Spencer, the T,Iayor or R.A.Sowder, City Attorney of said City, shall be authorized to take and have charge of all necessary r cords pending investigation by the Attorney Gene --al and shall take and have charge and control of the bonds herein authorized pending their approval by tr-_e Attorney General and registration by the Comptroller of Public Accounts. Section 13. The fact that the City of Lubbock, Texas, is badly in need of the improvement authorized by the bonds herein described, and the fact that such improv- ment is necessary and sill be to the best interests and general welfare of t!.e said City, creare an emergency and an impe--ative public necessity that the rule of the City Charter requiring an ordinance to be read at two aeveral meetings before final passage, be suspended, and such rule is hereby suspended, and IT IS ORDAINED that this ordinance shall take effect and be in force i'i-snediately upon its passage and approval. PASSED AND APPROV..D that this 24th day of July, 1922. Mayor, City of Lubbock, Texas ATTEST City Secretary. THE STATE OF TEXAS, ) CITY OF .LUBBOCK, ) COUII^1Y OF L?7PBOCIi, ) I J.R.Germ njr, City Secretary fo the City of-ubbock, Texas, DO HEREBY C'"RTIFY that t'e above and foregoing is a true and correct copy of an ordinance adopted by the City Commission of said City, at its regular meeting held on July 24th, 1922, all members thereof being present, and which is now of record in Book 3 , page 71to75 et sea., of the Minutes of the City Cor.lnission. V`JITNESS I,!' HAND and Seal of the City of Lubbock, Texas. this tre 31 day of July, 1922. City Secretary, City oT lubbocc,Texas . J BOTTD 1,1U1iB'iiS I;iATUPI TY DAT� AMOUNT1 94-95 February 1, 1956 2,000.00 96-97 " 1, 1957 2,000.00 98-99 it 1, 1958 2,000.00 100 11 1, 1959 1,000.00 Section 4. That they shall bear interest at the rate of FIVL AID OTTE-HALF PT�R C NT (5-1/2%) per arnuir, payable semi-annually on the FIRST DAY 0FEBRU- ARY and the FIRST DAY OF AUGUST, in each. year. Section 5. That the principal and interest of said series of bonds shell be pay- --fie in lawful money of the United States of America on presenta- tion and surrender of bond or proper coupon at the HANOVEK TTATIC!TTAL Bp,.YjK New York, 1-T. Y . Section 6. Th•t each of said bonds shall be signed by the Mayor., countersigned by the City Secretary, and registered by th.e City Treasurer, and the corporate seal of the "City of Lubbock" shall be impressed upon each of them. Section 7. That the facsimile signatures of the Mlayor and City Secre- tary be lithographed on the interest coupons attached to said bonds, and sha•11 have the same effect as if' such coupons had been signed 'by them. Section 8. That the form of said bonds shall be substantially as follol�.,s: No. UIIITED STATES OF AI ERICA $1,000.00. S T A TE OF TEXAS COUNTY OF LUBBOCK CITY OF LUBBOCK SAIvITARY SEuuER SjLSTEM BOND Series of 1922. KNO14 ALL P"EN BY THESE PRES_TI_TTS: That the City of Lubbock, in the County of Lubbock, State of Texas, a municipal corporation duly incorporated under the laws of the St, to of Texas, for value received, hereb77 promises to pay to the bearer hereof. 0I1TE THOUS ^AITD DOLLARS ($10,)0.00 ) in lawful money of the.United States.of America, on the FIRST DAY OF FEBRUARY, 19 , ti-:rith interest thereon from the date hereof at the rate of FIVE AND ONE-HALF PER CENT (5-1/2%) per annum, payable on the FIRST DAY OF rEBRUARY and the FIRST DAY OF AUGUST, in each year, on. presentation and surrender of the annexed interest coupons as they severally mature. BOTH PRINCIPAL AND INTEIAEST of this bond are lnereby ma,ae paTyTabl.e at the HANOV "R NATIONAL BANK, New York, N. Y., and for the prompt payment of this bond and the interest thereon at maturity, the full faith, credit and resources of the City of Lubbock, Texas, are hereb7; irrevocable pledged. TI'.IS R.)IID is one of a series of One Ewndred (100) bonds, numbered con- secutively from one (1) to one hundred (100) inclusive, of the denomination of ONE THOUS.,V71D DOLLARS ($1,000.00) each, aggregating the sum of ONE HUNDRED THOUS- AND DOLLARS ($100,000.00) issued for the purpose of rebuilding, extending and improving the Sanitary Sower System, of said City, under and in strict conform- ity with the Constitution and Laws of the State of Texas, and the City Charter of said City, and pursuant to an ordinance number 212, adopted by the City Com- mission of the City of Lubbock, Texas, on the the 2,1th.. day, of J"!ly, 1922, which ordinance is of record Book 3, pD e 76,77, 78, 79, 80 and 81, et seq., of the Minutes of the City Com;riission. IT IS HEREBY CERTIFIED .ATTD RECITED that the isal, ance of this bond, and the series of which it is a part, is duly authorized by law and by a vote of the qualified property tax -paying; voters of the City of Lubbock, Texas, voting at an election held for that purpose within said City on the 18th. day of Jilly, 1922; that all acts, conditions and things required to be done precedent to and in the issuance of this series of bonds, and of this bond, have been properly done and performed and have happened in regular and due time, form and manner as required by law; that sufficient and proper provision for the levy and collection of taxes has been. made which. when collected shall be appropriated exclusively to the pay- ment of this bond, and of the series of which it is a part, and to the payment of the interest coupons thereto annexed as the same shall become due, and that the total indebtedness of said City of Lubbock, Texas, incl-_ading the entire series of bonds of which this is one, does not exceed any constitutional or statutory limitation. r IN TEST II'.iOI Y 'v41HEREOF, the City of Lubbock, Texas, by its City Commission, has caused its corporate seal to be affixed hereto, and this bond to be signed i b its Mayor, coca. y y , ntersigned by its City secretary, and registered by its City Treasurer, and the interest coupons hereto attached to be executed by the lithographed signatures of the Mayor and the City Secretary; the date of this bond, in conformity with the ordinance above referred to, being the FIRST DAY OF AUGUST, 1922. Mayor, ity of Lubbock, Texas. City Secretary, Uity of ub',ock, Texas. City Treasurer, City of Lubbock, Texas. Section 9. That the form of interc.;st coupon shall be substantially as follows: No. ON THE FIRST DAY OF FEB- $27.50 RU.'IRY (or AUGUST) 19 the City of Lubbock, Texas, hereby promises to pay to bearer at the HANOVER NAT- IONAL BANK, New York, N . Y. , the stun of T11- EIS TY S -VEII A TD 50/100 DOLLARS ($27.50 ) in lawful money of the United States of America, be-1.nb six mo;-iths t interest on the City of Lubbock Sanitary Sewer Bond, No. dated August 1, 1922. Mayor, City of Lub oct, Texas. City Secretary, City of Lubbock, Texas Section 10. That the following certificate shall be printed on the back of each bond: OFFICE OF COi,IFTROLLER STATE OF TEXAS I HEREBY CERTIFY that there is on file and of record in my office a cer- tificate of the Attorney General of the Stag of Texas, to the effect that this bond has bee- examined by him as required by lava, and that he finds that it has been issued inconformity with the Cons-citution and lai°is of the State of Texas and the City of Lubbock, Texas, and that it is a valid and binding obligation upon said City of Lubbock, Texas, and said bond has this day been registered by me. 1,JITNESS MY HAND and seal of office, at Austin, Texas, this the � day of 1922. Comptroller of Public Accounts of the State of Texas. Section 11. BE IT FURTHER ORDAINED RY THI,; CITY COMI,:I'_•`:IOIl OF THE, CITY OF LUBT0C , TEXAS: That to pay the interest on said bonds and create a sinking fund sufficient to redeem them at maturity a tax of SIXTEEN AND SIX-TE-NTHS CENTS (.166�) on each one hundred dollars' valuation of taxable property in the said City of Lubbock_, Texas, shall be annually levied on said property and annually assessed and collected, or so much thereof as may be necessary, until said bonds with interest thereon have been fully paid, and the said tax of SIXTrEN AND SIX - TENTHS C=TITS (.166C,) is hc,re now levied for the current year, and so "much there- of as may be necessary for each succeeding year while said bonds are outstanding, and the same shall be assessed and collected for the current year, and so much thereof as may be necessary annually thereafter, and applied to the purpose named. Section 12. ITIS FURTHER ORDAIAI7D that Percy Spencer, the Mayor, or R. A. Sow erg`, City Attorney of said City, shall be autl-iorized to take and have charge of all necessary records pending investigation by the Attorney General aryl shall take and have charge and control of the bonds herein authorized pending their approval. by the Attorney Gonoral and registration by the Comptroller of Public Accounts. 83 Section 13. The fact that the City of Lubbock, Texas, is badly in need of the iiriprovernent authorized by the bonds herein described, and the fact that such iinprovernent is necessary and will be to the best interests and general wel- fare of the said City, crevte an emergency and an imperative public necessity that the rule of the City Charter requiring an ordinance to be read at two sev- eral meetings before final passage, be suspended, and such rule is hereby sus- pended, and IT IS ORDAIITED that this ordinance shall take effect and be in force immediately upon its passage and approval. PASSED AND APPROVLD triis the 24th. day of July, 1922. Perc7;r Spencer Mayor, City of Lubbock, Texas. ATTEST: J . R . Gerrlany City Secretary. 1THEI STATE OF TEXAS ) CITY OF LUBBOCK ) COI' TY OF LUBBOCK ) I, J. R. G�:R:,A- Y, City Secretary of the City of Lubbock, Texas, DO HEREBY CER1TIF'Y that the above and foregoing in a true and correct copy of an ordinance adopted by the City Corrr_nission of said City at its regu- lar meeting held on JIL11711 , 24, 1922, all r_eribers thereof being present, and ,.-;rich is now of record in Book 3, page 76 to 81 inclusive, et scq., of the Min- utes of the City Comir_ission. � ITNESS MY HAI,TD and the Seal of the City of Lubbock, Texas, this the 31 s t . day of J-,.1 ly, 1922. �� City ecretfry, City of Lubbock, Texas.