HomeMy WebLinkAboutMinutes - City Council - Regular - 4/11/1924190
9 O'clock, lril 1-1th. , 1924.
City Commissioners met in continuation of rezular meetin:, oi' April loth. with
the following present
V.R..2riend, l ayor, Commissioners, ed. 30 2o6ey, 3-Teo. C. tdolffarth, J. 0. Jones
andll. G. Love, and .,iajor Har:rley and H.Roberts.
Bids being tabulated by engineers for the propesed storm seders and paving, it
was moved by unanimous vote that all bids be rejected --.nd thL!t bids be received
until 9 o'clock .aril 12th.
The following Ordinance If 252 was read and ordered passed by unanimous vote.
There was presented for passage an ordinance entitled, -
A1d 0 `DINA1�T AME1TDIN'� ORDI1,Tk •TC 1 -NO. 249 AUTHORIZING THE PURCHASE BY 'i`-11-! CITY Or
7:1'1"E _ 11D 3E 1`, s� 3 0�'d r:TED BY ''d � iii� � � ` T,
LUBBOCK 0 d" R LI �, , . ' . 1,1Y_.ICK D LOC.t� E1 IN _H:� i:_YRICK
ADDITION TO THE CITY OF LUBBOCK TEXAS: PRO JIDILTG P 0? `2HB Ia3UA11C OP SIX PER
Cu?dl 6%0 )' II.1ir:_.Eal B�, <iIP�G ��dA�.r,AlJl'a I11 Pr_xlc:�:�<1 Tr.:;.,..,� 0��. L::VYIITG 1H% :;�CIiJ�tiITY
T 5X 1'0 ,`. Y 0HE INTEi iaST A=vTD PRIIICIP .L 0-' S ^.I: rV ,;:R 1; i'S riT ': M I TY . _,ND DECL iRING
_,rT E,"H.1L11CY'.
T,ioved by Commissioner Jones, seconded by "ommissioner Love, _h t the or-
dinL.n:se be read in full. I►dotion cl.rri�d, .nd -the ordinance ;TiLLs read in full by
the Gity aecret��ry.
Moved by Commissioner Posey, seconded by Com:rissioner Jones, that the ord-
inance pass its first re:...ding;
Yr:iI.S: Commissioners ' olffarth, Jones, nosey <;u-id Love
NAYS: None
Motion Carried.
=loved by Commissioner dolffarth, seconded, by Com ,i;:sioner nosey the
rules be suspended and the ordinance be placed on its second reading by caption:
YEAS: Com.m::-ssioners Joii.;N, Posey, Wolffarth and Love.
NiffS : None.
Lotion Carried.
Loved by Commissioner Love, sec -lnd-,:d by Coma?issioner Jones, thwt the ordin—
ance be placed on its third and final reL.din^r by caption:
YEAS: Commissioners Posey, Love, Jon.::s and kiolffarth.
NAYS: I1�ne .
.,otion Ca_•ried.
iioved by Commissioner Wolffarth, seconded by Commissioner Posey, thE,t the
ordinance by finally passed:
YEAS: Commissioners, JOIT , Love , nosey aiid 4olffarth
NAYS; gone
The 11L or tne.: declared the ord finance, fiiially adopted.
The ordinance follolri•s :
0 CITY >,`4Cr; 252.
' ORD1'NkNC_; 12 ENDINI"T ORDI112_ITC1, 1M. 249
authorizing the PUl—IC.H. ,33 BY CITY OF
LUBBOCK 0 _ 1 ,_ ., L - INES 0: 11 D BY
a`_Y:.I V1+ .tL,:: j L:;CILTEI) IN`OHR �;l`�ICK
ADDITION TO TH-E CITY 0.-+' LiTBBOCK TE 23:
t30Vlijlid:x i'C1�. _� 1SSU_?'T,;� OF SIX '1dT
( 6,a ITT'::?i;aT Brt, RING d;iTLRAii1,:i Ill sYIt::,. T
1T.1E1E1;.FOR. LEVING TZI—P-1 TIXX 20 __!Y
.1=� I��fTER.::,.T ._i.D PRLINCIEA1 01i31kID 'dA`;�'S
AT _....TURITY: r.'JD Ds1CL_:?i1;x A , Eh1:�RGE1dCY:
6d'riER:a ia, heretofore, on t'ne Sth. day of 11arch, 1924, the Cit.;- Commission
of the Uity of Lubiioc _, Texas, adopted an ordinance authorizing the purchase of
ail—er and sewer lines owned by 4. ... Myrick and located in the Myrick :Iddition to
tne City of Luabock, L-nd providing for the issuance of six per cent. Uity of
Lu.bsock dater and Sewer ,'ilarraits in payment the "efor, the same being Ordinance
No. 2491, recorded in Book 3, page 178 et seq. of the I.1inutes of said City Commission;
and
I 'PRE 3, therebeing a vacancy in the office of IMayor on su.id date, said o-rd-
inancse prpvided that said warrants be signed by the Alayor ProTempore of said City; and
,7Iiu1:Li:�, some question h�'.s arisen as to the rebularity of said proceedings,
and in order to meeti the objedtions which have been raised the City Commiii ,lion deems
it advisable to amend said ordinance, and the same
191.
is there- o -re. hereby amended so that is shall hereafter be and -read as follows:
.-i°T,I�rrMyrick, of Lu.`bork he owner of acreage here-
,
tofore known as the Priest Acreage in -the City ..of Igbboak; and, whereas, said
4. .. Myrick has had said acreage plotted in lots and blocks, to be known as
the Myrick Addition to the City of Lubbock, and has had constructed in said
addition, with the consent and approval of the City, an 8" sewer main and a
6" water main including hydrants, manholes, etc., at; a cost of $3,520.74; and,
dd E EAS, said 'd. z-. Myrick is desirous of selling said sewer and water
lines to the City of Lubbock and offers. to sell sU.me for the sum of $3, 520, 74
and agrees to accept in payment therefor '�20.74 in cash and the balance,
.,39500.00 in legally issued warrants of said City, bearing interest at the rate
of 6 o payable semi-annually, and maturin:_• serially as follows: $1,000 in 5 years
from their date. :000 in 6 years and ';1,500 in 7 years from their date; and,
whereas, this City Commission deems it advisable and to the best interest of
the Cit7- to accept said offer:
!TOVV `l'IEREFOR1H] BE I'_' ORDAINED BY '23E CITY 05' LUBBOCK TEXAS, that
said offer �: and the safe i-s hereb- acce-oted and she said water and sewer lines
purchased as the property of the City of Lu:,bock, Texas.
That said s= of '$3, 520. 74 io hereby -nu.-.de and declared to be the lawfu 1
debt of saic_ City of Lubbock, Texas, �20.74 to be paid to said dl. .�.. Myrick in
cash and the bo.lance .�'3,500.00, in legally issued tivar-rwnis o:f said City.
That warrants o.k_ said City, to be called "CITY OP LUBBOCK _-ND 54,u R
:1r:RYiTS SI;:IS 1924", shall be issued in the sum of i'y-ree Thousand rive 1'undred
Dollars ($3,500.00)
Said warrants shall be doted the 15th da,r of April, 1924 shall be numbered
from one (1) to thr:e(3) inclusive, wad shall be in denomination and shall mature
a follows :
1
2
3
Z FTOI IiItI11 I ON S
'�11000. 00
1000.00
1500.00
January 10, 1929
January 10, 1930
January 10, 1931
Said warrants shall bear interest from date until paid, at the rate of
six per centum (6%) per annum, payable January loth, 1925, and semiannually
thereafter on the loth day of July and the loth day of January of each year
whic , interest shall be evidenced by cou.ponj attached to eac!'- of said. arrants.
least due interest shall bees inte;:,est at the rate of six p: r centum (6/`0) per
annum from maturity until -raid.
Principal and interest oi° said warr�:_nts shall be payable in lawful money
oJ_ th, Unitel, d St-,-te: of upon preser! Lation surrender o-' proper
warrant or coupon at the Contine:1t,:1 & Comme-rcic,:.l National Bank, Chicago, Illinois
Said luarr -.5zt:s shall provide thL:t in the event of default in the payment of prin-
copal or interest, �..nd Ghe same is placed in the h _nds of •an a. to-rne;;- .for arol-
lectioxl, or if collected by suit,or by legal proceedings of any kind, a21 ad=
ditional amount of ten per centum (100) on the -erincipal E-did interest then due
shall be added as attorney's fees.
Said warrants shall be signed by the l":iayor, countersigned by the- City
Secretz:.ry end re�•istered by the City Treasuror, the seal of the City shall
be i xore:�sed u-r)on each of said warrants. Fac Simile signatures of the I,Fgyor and
City Secret,ry�may be lithographed upon the interest coupnns.
The form o-OL said warrants shall be su1::stan, tially as follos,,s:
No.
UI,11T E11) S i
ST"TE 02 TEXA13
COUNTY 0_�' LUDO" OCK
`g t 000.00
3 - �19500.00 )
CITY :) ' LU-IbBOCK CIA_ �:. "'AD 'i_._,� r,'T'!' SF,`=_IJS
1924.
This is to certify that the City .of Lubbock, a municipal corporation in
the County of Lubbock, State of Texas, is justly indebted to vi. _�.. 1Iy-rick, his
assigns or bearer, in the principal sum of
(419000.00) in lawful mone„ of the United States of smeric��, �ziith interest
t!'-ereon, from date hereof until paid, &t the rate of six per centum (6 0) p :r
annum, interest payable January loth, 1925, and semi-annually thereafter on
t ie lOtn day of July end the loth day of January of such year: piL U due in-
jze-rest shall bey: r interest at the rage of six per centum (6;b) per annum from
maturity until paid; both principal .nd interest payable at the continental �
Commercial 1iation:_.1 Bang., Chicago, Illinois, upon p-re;�ent€;.tion 71d sur-
render of warrant or proper coupon; a.nd the City: Treasurer o_' sai.�'. City is
hereby authorized, ordered and directed to pay to said :1. __. Myrick, his
a.�sip'ns or bearer, at the said bank, the said sum of One Th.:,usand Dollars
(19000.00) on the loth. day of JI.nuary, 19 the date of maturity of
this ,i rrant, in full settlement of the indebtedness hereby ev idel'-ced, from
t.e "Special dater and Sewer darrG1it 24'und, Series 1924" of sul d City Levi. d,
assessed and created for that -purpose.
Ili _1:.. -EI;- especially agreed teat it t1iiwa_rwnt, or an-- interest
coupon hereto attached, i.3. not paid at maturity, and Vc-L same is rlaced in
the h_,.nds of an attorney for collection after maturity thereof, or suit is
filed tnereoii, or collection made by legal p-roceedir_:�'s of any kind, an ad-
ditional amount of ten -oe-r centum (10/"0) on the principal interest then
due, shall -ne added as attorney's fee.
THiC is one of a serie'3 of three Warrants, of like date and
tenor, except as to denomination and maturity, aggreg._ting the sum of Three
Thousand Five Hundred Dollars ($3,500.00) issued for the pureose of evidenc-
ing the indebtedness of the City of Lubbock to said +. _L. 11y-rick, his assigns
or ue-re-r, for viate_- and se4;:,r lines located in the Idyricl.- "ddition to the
City of Lubbock and purchased by the Cit - of Lub.,oc__ fray_ said Wq A. L11yrick,
under and by virtue of the Constitution �.,nd laws of the State of Texas, and
the City Charter of the City of Lubbock, Texas, and in pursuance of an ord-
inance adopted by the City Commission of the City of Lubbock, Texas, on the
11 day of ==pril 19211, and recorded in Book 3, page 188 et seq, of the iuiinutes
of said City Commission.
T OF this warr_,,nt, in conformity with the ordinance above men-
tioned, is -.pril l:th., 1924; and it is hereby certified and recited that all
acts, conditions and thing-3 required to be done precedent to and in the ijs-
uance of this warrant, have been properly done and p. rformed and ha,.ve, haTpened
inre,_.ular and due time, form and maruner as required by law, __nd that the total
indebtedness of said City, includin.,.z this warrant, does not exceed any con-
stitutional or statutory limitation.
IN TB 'iI.'.tUIT� :V=L 029 th:: Cit: Commission of the City of Lubbock, Texas
has caused the sez:.l of said City to be hereto affixed Ind, this warrant to be
si-ned b-; the 1.iayor z.ind countersigned oy the City Secretary, as of the date
last above written.
C0UITT'E aIG.1ED:
City secretary, Cit-;- of Lubbock,
1l ex;'s .
Layor, City of Lubboc�_, Tex as.
RE 'ISTi RED? this da,-. of , 1924.
The for.,: of interest coupon shall be substantiall,.,- as follows: ( Coupon
No. 1 shall be for eight months' and twenty five days interest)
No. v
011 H 10TH 'D.L F 19
The City of Lubbock, Texas, will pay to :�. lyrick, his assi ~ns or
bearer, �_t the Continental :? Commercial National Bank, Chicago, Illinois, the
sum of Dollars (4 ) being six months' interest due day
on CITY OF LUBBOCK W11TI;R AED SEWER WARRANT . _�=1a 192 1-, o dated .-ipril 15th.
1924, to which this coupon is attached and is a -;: tirt thereof.
City secretary
_Jayor.
The following assiziinont shall be printed on the back of eL..ch o.1- said
warrants:
Aa I .:: I;:?T 0
I hereby certify tnat i have received the ��itnin princ6pal warrant ind
tl�e interest coupons thereto annexed, from the City of Lubbock, Texas, -nd for
value rec,.:ived, hereby transfer, assi.~n, sell _",nd deliver, without recourse, to
193
bearer, ull -ri��h.t, title niad interest i hrr,ve in and to the smile, and also
the proportionate port of the debt due me, ;-pith intere.::t thereon, by said
City which is represented by the amount callod for by this principal war-
rant and the annexed coupons; and said bearer is hereby s-Ub-rogated to all
claims, liens, right or title, whether in lair or in equity, which are or
may be secured to me, zand I hereby authorize bearer to collect the saa:e and
give full receipt �-_nd acquittance thereof in Lily name.
Said warrnats shall be executed and delive-,ed to said J. a. Myrick upon
delivery by him to the City of proper tr:.nsier oi: said stater and sewer lines
to tY, City of Lubbock.
IT 1.3 2U=:1,111E R ORDAINED that a fund be and the same is hereby made a.nd
crested and shall be set aside and designated as "Sr;aCI AL :V_'TJR _:1u SL;gRR
iiA2-RNi T _+ Lj'D? 3P,RI 13 1924" , which fund when collected shall be used to pay the
interest and provide the necessary sinking fug d to pay said ���ar_�nts at mat-
urity, L,.1:13 for no other purpose; that to create s&id fund for the pur; ose
of paying the interest on said warrants and r_,rovidin,z sufficient sinking
fund to pw,,- t em at maturity, a tax of an- at the rate of one cent (1�) on
the '�100 v&lnation of all taxable property in said City shall be annually
levied, assessed and collected, and said tax is here now levied for the current
year and so m�Tch thereof as shall be necessary for eac=1 succeedingg year while
said t,:rar-ra.ntU, or an: of them, ��-e outst :�zding and u�?paid, said the same shell
be annually; assessed and collected and applied to the purpose named.
IT i _ .'U11121 that in addition to the ad vU.lorem tax levied to
pa. the interest and principal of said warra.ntU , a sufficient amount of the
-revenue derived f :. o::z the operation of the t,.u.terworks and sewer systems shall
be and the sw-i .ie s hereby irrevocably pledged to create a fuxld to pay the in-
terest and principal of said warra.lits at their respective .naturity dates.
The fact thvt +. Y. .11yrick is desirous of opening the Myrick -addition, de-
dica,ti?ir the streets and alleys to the City of Lubbock, and the City dee;: ,- it
wdvioable and to the best interest of the City ti;a.t same be do.l , and the treater
aiid sewer lines be taken over immediately, creates «,n emergency and an imperative
public necessity that the rules requiring ordinances to 'pie read at more than one
meeting of the City Commission be suspended, and it is so ordained and this ord
dinE,.nce shall take effect and be in force from and after its p ssa-e and approval.
P LSDSE1), this the 11 day of tipril l�? ;4.
APcROVLD, tniti the 11 da, of !ipril 1924.
_'. Pri end
liayor, Cit, of Lubbock, Texas.
1l' T 3 T :
J. German
ity Secretary, City of
Lubbock, Texas.
The following Ordinance of 2U ras read slid ordered pL:ssed by unanimous vote.
There was presented i'or pa.ssa=-•e a.,, ordiii :.nce entitled, -
if 0 LIiv�t�;'� tillli; fDIi'dW O ;LI-tiis=' C , NO 251, PASSED 0 ,1 T, ",. 2�• Uh � CH
1924, r 0VIDING POR THE, 13r3U 11CR 02 SIX PER CE.INT'? ;l a ;?kH1S 2OR THE:: PURPOSE
t o T•-r it -�';.�T'� r:: Z l T -� T T-': 1
Or 111J 1 111G' PERT .!_IN V=LI11 0 'i iTA vTD1 ti 11; ��BTi:D_q_.)� _- Hz' l`_' O LJ� ;O TEXAS
Vy.IIdG :21�X TO 2 14 i x?dZ rK011 E 3r�,i41C1 � °r ;'- N
rT tri ,- , r-, , T -,Tfl r n i. �n ,:, fr rI
2 J: L � "t. _:E I,,E S.i ID ' 1��R_:ii�;T' _Li :,;�a_ u_ 11Y 1�rL L� CL�� ?1 , a.; �a;yR ��,TTCY
i:,oved b;•- Commissioner iVolf.farth, seconded by Co,.imissione-r Jones, tilt the
ordinannce be -read in full. I-:otion carried, and the ordiz"a.nce read in full by
the City SecretL-_ry.
I'loved . by Commissioner J ones , seconded by Commis;Ai Dner Love, tllat the of"d-
inance pws�_ it:; first reading:
YES-13: Commissioners Posey, Love, Jones dolifa,rth.
T;rAYS : None.
Motion Carried.
11-oved by Co iA, sioner Posey, seconded by CoiWAssioner Jones, that the rules
be suspended and �-he ordinance be placed on its second readin;_,- by caption.
YL >S : Cor.4issioners dolffa2th, Love, o s , Lind Posey,
NAYS: iTone
Motion Carried.
roved by Commissioner Love, seconded by Commissioner Jones, t,_.:_t the ord-
4t
finance be plac d on its third and final reading by caption:
YE S: COmmissioners Posey, Jones, Love and "olffarth.
NAYS: None.
Motion Carried,
Mloved by Commissioner Jone-, seconded. by Commissioner rosey, that
the Ordinance be finally passed:
YEAS: Commissioners Solffa-rth, Jones, mosey and Love
N111YS : alone
The Mayor then declared the ordinance fina.-y adopted.
The o-rdinU.nce follows:
ORDIN NCE TTO(-253
ST --i l It^', -. 1.� "j.'l - T.-1 f, �--i
AN O__DIlT1�-11 nl' �_vDl � .T 0_.D1'i i .: iT0 • 2 1 Pr.a�L' 1�
01, "7HE 24tr_ DkY 01+' i0`�.:CH 1924 P 1OVIDING FOR THE
ISSUh_TCE OF SIX PER CE7' T 7ARRJUTTS 201-: THE
PUS LOS : OL iPli,11— -3 C ER T` I 1 V .LIT) OUT: ` .: "DING
CITY 0_' LU: BOCK TEXriS LEVi1TG
EE -L_,; F,SSM `TAX TO PAY THE, INTEREST _11D PROVIT)E
SUFFICIE-11T 3317 ING FUND TC _:FTI__i; S ` IL
A`i' hIATURIT"Y DJCLA I?1s
VHER�3S, heretofore, on the 24th. da, of Larch 1924, t e City Commission of
t<<e Oit- of Lubbock, Texas, passed a.. ordinance providing for the issuance
of .; 18,000.00 six per cvnt CITY O LU _'OCK FU''1LIN � J1i Rx11'la ar: � 1924,
for the purpose of funding certain valid. outstandin- indebtedness of said City,
t1,.e sa<<e being Ordinance No. 251, recorded in Book 3 pages 182 et seq., of
the Linates of said Uom:a scion; and
+dHi,,:_ :3 , t -ere being a vacancy in the o fice o1' 1;iayor oii s: id date, said
ordinance provided ti2ut said warrants be signed by the laa„-or Pro Tempore of
said City; and
1H.L3 9 so-na question has ariseAi as to the regularity of said pro-
ceedings, and in order to meet the objections wL-ich have'been raised the City
Commission deem6 it advisable to amend said ordinance, u,nd the same is there-
fore hereby amended so that is shall hereafter be and read as follows:
BE IT O .Dl1I ,.ED BY 'T z� CITY Or' LUBBOCK TEXAS.
1. 1hat warrai is of said City, to be called "CITY OF LUB-OCK �'U 1_iii1G
llZRRI1.11Ta, 3ERIES 1924" be issued under and by virtue of the Uonstitution and
lati;s of the SUL.te of Texas, for the purpose of funding: an equal amount of in-
debtedness of sai ; City, dul;- and legall;,7 issued, �.aZd which are Valid, sub-
sistinl' and noii outstandin , oblig_cLtioi C-11 t said �'lty, the clai_r!s for z7�!"lich
were duly audited and, allowed by the 1it7Y ComzniUsion prior to the issuance
thereof, said origin-1 evidence-, of indebtedness being as folloT,rs:
DATE
ITUi, R
TO :SHOTA ISSUED
rTl+�IOSE
y:OUT;T
4-13-23
2632
S. W. Gen21 Elect.Co.
Electric Supplies
`,982.42
4-14-23
2634
Clo-::e ww Cowan
daterworks :'
195.72
4-25-23
2637
American La Fra:ice
Fire Apt ratus
1250.00
5-16-23
2642
S. d. Meter Box Co.
meter Box
112.50
6-7-23
2643
3. J. Gen'1 Elect. Co.
Electric Supplies
2826.04
6-11-23
2644
Lubbock Mch. Co.
" "
128.00
6-19-23
2648
Clo,�,e s Cowan
iaterworks
97.92
7-21-23
2654
Ferguson Eng. Co.
Bork on Switchboard
114.10
8-16-23
2656
Cloc;,e & Cowan
daterworks au�-plies
498.10
9-16-23
2658
Briggs 'vieaver Ivieh. Co.
Water Pump
137.97
10-17-23
2659
Clowe & Cowan
daterworkti Supplies
229.01
10-17-23
2662
Cullum Bros.
Electric Suu-olies
300,00
12-4-23
2662
Clowe & Cowan
viaterworks "
356,70
12 -10-23
2655
Simpson ylec. Co.
Electric Light "
118.88
12-11-23
2666
;Jestinghouse Elect.
Electric Light
1172r00
12-12-23
2667
riustin Bridge inch.
Repair 2ts. Grader
240.00
12-12-23
2669
i'+`esterii Elect. Co.
Electric Lt. Supcli1041.29
12-15-23
2672
,merict-.n vVell auks.
Waterworks
489.50
12-15-23
2673
S-m. Tubbs. Blk 6 OT
" ReL;.lest_te
3600.00
12-15-23
2674
E. Gilliland9.85 h Land
Sewer inept.
985.00
2-8-24
2715
S.W. Gen'l Elec. Co.
Electric ,upclies
3124.85
189000.00
2. Said•�'u_nding warrants shall be numbered from one (1) to eighteen (18)
inclusive, shall be of the denomination of One Thousand Dollars t•`;19000.00)
each, aggregating the sum of Eighteen °Thoust..nd Lollars (�. 189000.00)
3. 'ihe_y shall 'be dated -,j -ril 15, 1924, ai1d shall mature and become due and
payable as follows;
f1 a - -•
vdr.�.. MITI TdIJT,lBisi;a
t ' � l' n T
I; yi tJ3I _Y D��! �
* !" '
� �� U:�,!
1
January
10,
1929
$1,000.00
2
January
10,
1930
19000.00
3
January
10,
1931
19000.00
4
January
10,
1932
19000.00
5
January
10,
1933
19000.00
6
January
10,
1934
1,000•.00
7 and 8
January
10,
1935
29000.66
9 and 10
January
10,
1936
2,000.00
11 and 12
January
10,
1937
29000.00
lip and 14
January
10,
1�'38
2,000.00
15 and 16
January
10,
1939
29000.00
17 and 18
J anu ary
10,
1940
2, 00 0.0"O
4. Said warrants shall
bear
interest
at the
-La',e of six per centum
(6%) per
annum fro; date until plid,
sayable
January 10,
1925 and semi-annually
there-
after on the loth day of
January
and
loth da7.7 of
July of ea.c:: year, which
in-
tere6t shall be evidenced
by coupons
attached to
ea.c1_ o- said 1,rarrUrits.
Past
du-e interest shall. bear
interest at
the rate of
six per cent Wlo) per
annum
from maturity until paid.
5. Principal and interest of said warrants shall be payable in lawful money
of the United St-,.tes of 4merica upon present_ -Rion and surrender of warrants or
proper coupons at the `;ontinental & Commercial National Bank, Chicago, Illinois
Said warrants shall provide that in the event or default in the payment of grin
cipal or interes 1;, -nd satae is placed in the hands of an attorney fo-r col2e ction
or is collected by suit, or b legal proceedings of any kind, an additional
amount of ten per centum (10o� on the 'principal and interest then due shall be
added as attorney's fees.
6. said T,.a-rrants shall be signed by the I, ayor, cou:atersi geed by the "ity
secretary €.nd registered b�- the "ity Treasurer, and the Neal of the Ci tea shall
be impressed upo-n ea cil of said warrants. PL--c simile si;=:'Matures )L she 1,51a;aor and
and City Secretary may be lithographed upon the interest 'cou_Oons.
7. The f orn of saia warrants shall be aubstantially as follo7.as :
No. .d19000.00
UNITED
ICis
G_ LlJ�r a
CGU=-,_T.' OP LUBBOCK
CITY OF LUBBOCK 3'UI,LI=1F .3 +;1Ii,a 1924.
th_..t the 0it; of Lubbock, in the Uounty of Lub -ock,
and State o.� Texas, acknowledges itself indebted to, aid i'or value received
hereby promises to pay to be�:.-rer, at the Oolitinental and Commercial IJational
Banff,-, 0hicago, Illinois, on the loth. day of January, 19 the principal sum
of
/ON-.], TH," US_i dD DOL.:_ zl S ($11,000.00 )
in lawful more, of the United St�.tes of 'imerica, with interest thereon from
date hereof until -r;aid, at the rate of six per centum (6yo) p r arLium interest
payable Janu:. y 10, 1925, and semi-aiu wally thereafter oii the loth. da ; of
January c�,.nd the loth. day of July of e_.c year; and the Treasurer of said
City is hereby ant!lorized, ordered and directed to pay to bearer said principal
su?'11, to:"e the'o v.,ith interest thereon, evidenced by coupons attached hereto,
at the bank abc;ve named, upon presentation and surrender of warrant or pro
per coupon; eL nd he i.: further directed to remit to said .man__ the sum or sums
of Loney evidenced by this warrant and annexed coupons at least ten (10) days
_ Lri.or to the date of maturity thereof, and if the sum or suIns of mone`, re-
presented by thi ; t,arrant _'.nd the annexed coui= ojas m:ha.11 not ue pald at ,ia tu-rity
the sa-lie s .all thereafter' Near interest at the rate of six per uentum (6 6) per
annum until fully pLAd.
IT l3' H : EABY SPi:CInLLY li 1aE:Z that if this :-;arrant, or any interest cou.y0on
i hereto attached, i:_ not paid at maturity, €;.rid the sa!,Ie is i laced in the hands
o._ ar, atto-rne.T for collection after maturity thereof, or suit is filed thereon,
or collection made by legal proceedings of wn- kind an additional amo
unt of
ten per centurri (107b) on the principal and interest ther:i, dire shall be s.dded as
au-torney's fees.
THIS ;gin=:�;t�i�T is one of a series of eir,hteen (18) warrants, numbered
cofisecu.tively from one (1) to eighteen (18) inclusive, of the de-
nomination of One Thousand Dollars, ($1,000.00) efw�c'r�, aZg-rerating
Eighteen Thousand Dollars ($18,000.00) issued for the purpose of fund-
ing an equal amount of indebtedness of said City of Lubbock heretofore
duly and legally issued, the claims for which were duly audited and
allowed by the City Commission prior to the issuance thereof, and for
which said Cit-.', has received full value �:.!,d consideration and hereby
ackl.,owledges :receipt o-• same, and- which indebtedness was authorised by
ordinances duly and legally adopted prior to its issu,-Mce, made and
entered upon the is:inutes of the pity Commission of said City; it being
known and understood that this warra-.t , as well as all others of t - is
series, is issued for the sole purpose and intent of fundin.• said out-
standing indebtedness into warrants authorized and is,_,aed and which are
to be paid out of �r!e ''pecial iPunding darrant 2u!!d, ''cries 1924 of said
�;ity; and the holder hereof shall and will be subrogated to all the riPhts
and -c-rivileges a- -inst said Uity had and possessed by the holders of said
original indebtedness, in accorda!ic_- i,rith the Constitution and laws of she
St:..te of Texas, and the Ch�_-rter of said "ity of Lubbock, Gnii._ in pursuance
of an Ordi!!an°:;e adopted by the 4ity Commission of *the �'ity of Lubbock on
the llth daffy of 11pril 1924, which is recorded in Look 3 pages 190 et seq.,
of the I;:inutes of said "ity Commission.
The date oa: t .is; warrant, in confor;nity with the ord inr_ nce above mentioned
is Z-p-ril 159 1924.
ZND IT IS HEREBY CE'3*TIFIL k,� B�CI��;D tr!�:.t all acts, conditions and
things -required to be done precedent to and in'the issuance of this ,,-Jarrant
have bee:.-_ properly d_,nt. and performed wild have happened in regular and due
time, form and ma3.1!c• !e, as required by law, and t'za.t th.e total i.ndebted._ers
of said City, including this -warrant, does not- exceed an-;, constitutional
or st_.tutory limitation; t:_at a sufficient tax to pay the pri.nc ].pal of and
interest on t,-is waLrant at their -respective maturities, has been levied and
will be continued to be levied, collected and applied in ti-ie-reof.
IN TESTI4 OrdY '41E1REOF the City of Lubbock has caused t o coporate seal of
the City to be hereto affixed and this; warr,,.nt to be si-Tined by the .'lwyor,
countersigned b- tle City- 'secretary and registered b _ the Cit. Treasurer, as
of ti-le date last above mentioned.
yor,itof Lbboc, .. .l+.
Cit-,T Secretary, C] t:, Oi Lubbocr:, Texas.
Registered:
City Treasurer, City of Lubboc_:, Texa.
The form of interest coupon shall be substantially as follows: ( Except
coupon number one which shall be for ei?.ht months' and t.renty five day-' inter-
est)
No
ON ri' 10:= v D � I OF
T._. CIr!"Y Cl-,' LU113OCK I_�
tine!ntal and. Commercial
Dollars (�°30.00) being
attached and is a past
City Secreta.-ryl
';4T-30.00
10,
Lubbock, County, Texas, will 'c;aLT to bearer, at the Con -
National Junk, C;li.cago, Illinoi_- the surri of Thirty
six :.,:onths t interest due tr)a.t date o!! CIT ` P LT3BOCY
1924, dated 11pril 15, 1924 to which tI'."iScoupon is
thereof.
,ayor.
8. IT IS �� J_.i.i:l i O'EINUNED by si a City, ti_�.a t s - ;
.�'T_ -'r `' J d �. '- said ori•_•ina�l indebtedness
hereinbefore mentioned and described be and the sane is hereby in a l—I things
Validated and held and declared to be valid, subsisting, binding and unsatis-
fied obligations against said. City, and the acts of the city officials in the
i-.-;:.;uance of the evidences thereof are hereby in all things ratified and confirmed
9. IT IS I`U= T_` y2 ORDkINED that a fund be and the same is hereby m,�.de and
created !"!d s,1 all be set aside and designated as 'TSPE"CIAL 2U1'1TD1i1 rt.i'TJi�D
1924" which fund when collected shall be used to pay the interest o;:.
an:i. crovide the necessar-� sinkinc fund to poy the principal of s—uid warrants at'
maturity, and for no other purpose. that to create said .Fund to pa.y the interest
on said warrants and the principal thereof at maturity, a tax of n:. et the rate
of six cents (6�) on the �100.00 valuation of all taxable prop-rty in said City
small be aiuivall-; levied, asse,:>sed and collected; and said tax is here no,,,, levied
for the current year, ancd so much thereof as shall be necessary for each suc-
ce :ding year while said warrainQs, or an o-1 them are outstanding mild unpaid
IJ
197
and 6he same shall be annually assessed end collected and aprlied to the
purpose named.
10. iT 13 I: 0`:TJriI ED that in ad_.ition to the tax herein levied to
pw- the interest on ani.). principal of said warrants, &- su:L'ficient amoU.nt of
the revenues derived from the operation of the electric light plant and
wateri,,orks ._.nd sewer systems oL said Cit shall be az d the saz,le is hereby
irrevocably pledged to create a fund to pz�.y the interes L and principa., of
said warrants' at their respective maturity; dates.
11. the fact th::.t the �;ity Oemmission deems it advisable to the best
interest of the City to inr-ri:diately fund thi; outstay din,:r indebtedness h.:re-
iiz --fore mentioned, as soon as practicable, creates aiz emer�rency and a__ im-
perative public necessity t.-iE-t the rule 0equiring ordin,,Hnces to be read at
more thin one meeting of the City Commission be suspended, and it is so or-
dained to-ke effect and be in force from Und after
dwixl.ed, �.�i_d t .i.� ordin�,.nce shall .
its passage and aT.-croval.
Passed th._u the llth. &1.7; of Lpril, 1924.
z.! .roved this the llth du o7" 19 ,4.
F. Friend.
I'ayor, City of Lub-z)ock, Texas.
1'" E `T .
Li'1'1L' �1 .
S..i J. R. Germany,
City Secretary.
City of Lubboc':, 'texas.
COU'_':'i"',` OL,' LUB OCK
I, J. Gerrmany, Cit�r secretary ti.e Cite; of L-Li.bbock,
Texas, do h-ereby certify t iwt the above avid foregoin?g is a true and correct
copy of the-inktes of the `'ity Commission of the `'it : of Lubbocl�- �eaas, and
of the ordinance passed by said Commission on the llth d&y of April, 1924,
recorded in B--.ok 3, pages 190 et seq. of the ainutes of said Com:'nis :ion.
I. farther certif., that sai _;. ordina._ c!:; wz-�s adopted by the
following vote;
dolffarth, Jones, roso.; a:,.d Love i�yes
No ):Nays
rI. 12th. daV -TIDE n`D 1) �OF 0'Iy
of 11pril, 1924.
J. ::. a e rmany ,
Ci --.- -�ecret:.x , Cit_'- of L-cbluoc -, Pie '•ras
Ti'he Secretary reported that 2..&. Holland would take the position of lax Collector
There bein- L-o furtrier bu--;iness the mooting adjourned to meet Apr. 12th. ,
9 o'clock. 'f,k
Reed and a pp -roved ts_is jiv da:; jf 1924.
' or - -
J_
J' I
C - -
0