HomeMy WebLinkAboutMinutes - City Council - Regular - 4/24/1924.Lpril 24t1a., 1924.
City Commission met in regular session with the fol owing present:
Mayor, P. Friend, Commissioners, 'W ,--osey, Geo. C. ,llolff4.rth, J. 0.
Jones wnd H. G. Love, "nd =•. �'• So�tIder, City Attorney, Ruby, City IIgr.
` Uoon motion made by Mr. ,dolffarth and seconded by lAr. Jones the fIllowina
ordinances were read blr City 6ecretar y.
ORDINs14CE N 254
" OI=IJIN."11CB NO. 254 AN ORDIN-"�NCE BY THE CITY COIQ�I3:3IO_ OF `TH'l CITY
OP, LUBBOCK Y EXs..3 "" U` HORIZING THE I.)'U_iTCB Or' BONDS POR T-HE PRINCIP iL SUI,,: OF
$159000.00 POF. THE PURPOSE OF EXTENDING .11'rD Ili ROVING `1'H.� �ilri'TER 'JORKS SYi1'BI.1
OF TH13' CITY, PROVIDING 2 `ii ' LEVY, 1.SS aSIrlii;IrT . idD COLI.u,CTIO_T " ' a :3UPFI -
CI. IYT T .X TO Pz'-,Y TIC INTEP:"p-iiS`l'' A11D CRiAT':i __ SINXIlT37 'U11111 -OR THE 'REDETAPTION
OF 3.,ID BONDS 1-T 1!L T'JRITY: r_ 1:SCBIBLTG iri.: � 01d,: 0.0' BOJD: --ND DECL.:?,INCT lili EJ,`-
BRxLIJCY," account of contract for im-provement being let and necessity for
distribution of water.
Comm-missioner Jones moved thL,t the ordinance be placed on its first
reading; seconded by Commissioner Posey and carried by the fol owing vote:
YF,,�.S: Commissioners Love, Jones, "olffarth & Posey.
NnYS: None.
Carried; placed on first re.ding.
Com:;-Assioners Posey :roved that the ordinance palls first reading; se-
conded by Commissioner Love, and carried by tho followiiiT vote:
Yi!;!.S: Commis sioners Love, Jones, 44olffarth & Posey.
NnYS: None.
Carried ordinance passed first reeding..
Commissioner cones moved that the rules be suspended and that the ord-
int:-.nce be placed on second reading; seconded by Commissioner dolffarth, end
carried by the following vote;
YE.-S: Commissioners Love, Jones, "olffarth & Posey
Nays; None
Carried; ordinance placed on second .reading.
Commissioner �Iolffarth ,.moved that the ordiil�-.nce pass second reading;
seconded by CorrL issio ;;-r Jones, and carried bythe folloviin�- vote:
Y.z�--S: Commissioners Love, Joiie,., 4ol_'farth �; Posey.
N21 Yz:: None.
Carried; ordinance passed second re ---ding.
Commm:r.issioner Love moved that the ordinance pass third and final reading
seconded by Commissioner Posey, and carried b�7the following vote:
Yr;xlS: Commis: oln. rs Love, Jones, dol.-Zfw-rth &- Posey
Layor Frielid then declared the ordinancq finally adopted.
The ordin_nc - follotsrs :
01--DI1: z.: CE ITO 254
�.IT 0-'-.DI2L,!TCE, BY THE CITY COI: %1!S:3i0`r3 Ole' !7 H, CITY
J
O.t' %UB 0 C K T E X I i S U`:'_ 07LIZIi_i G `1Q.i, I..;SU.i_1 3 OF B01113
1. �TTCIy ,� - 000.00 FOR THE,' rURIPc'IJE
01,1 E:iTE-', 1TG -INN II,i"_ OVI ?G '-'HE d,_TJ'- dO,-RKS ;:'YU'2EM
TIDL=G OR LEVY L37 �. S.`,_ ;,._IJi COL CT IOIJ
I:
O UI�.'ICI .TTT TAX `l'0 r.iTi ''iL IiT'1' .,_:�d'1' C=,-1'i
I; 1'?T - 1Js i'UiJJ J.OF ` -HE, :_PTIC O ' S<.Iy BONDS -iT
T,Zr TU ITY: _I uaC_ IBI_JG H '0`�' . 0-+' BG ;rD: rD D :CL__ .Ii�G
, .rmoTxl,SL, J `'T :i1!_.T2_._Cl ! ZA VEX;-
n
I:i:;T ___,_ ?E'Ci; 1.3I .'Y 1'0 DIti ' *-1iLIBU i'IOId 0z
at an election held in the "ity of Lubbock, texas, on the 21st.
day of November, 1923, a majority of the qualified voters, wbo are property tax_-
payers of the `pity of Lubbock, votinP7 at said election sustµined the pro_cosition
to issue the bonds hereinaft.r described for the prii-cipa,l sum of :P`15,000.0!.
by a vote of 420 votes, and whici; cL.rried by a majority vote of 402 in favor
thereof, being "2o-r the is.:;ua.iice of ;�15,000 iste-rworks Bonds,"
BE IT BY _'rE CITY 0:L, UTBBOCK TBXaS
Section 1. 1het the bonds of said City, to be'called "C`Ii'r" 0_' L: iiBOCK
BO iBS SLICI�S 1924" be issued u-nder L,,,nd by virtue of the Constitution
and laws of the ''t4.te of Texas and the. Charter of th., -ity of Lub ioch., Texas, for
the purpose of extending a; -id iizp)rovin# the -Juter iaorks system of thisCity, in
the principal sum of 'ifteen 'lhousand Dollars (.-�'15,000.00)
Section 2. T-1la.t said bonds shall be numbered consecutively fro:im one (1) to.
fifteen (15) , inclusive, and shall bje In the denomination cf one Thousand "ollars
( 1,000.00) e cll, a�gregating the sum. of Pifteeii 'thous; nd J)ollars ( 15,uU0.00 )
Section 3. That then shall be dated lay lst. , 1924, and steal, become due
and payable se-rial.:y �-s follows:
IdTJ1-
1z�Y
n .i0Ui'i SB0"D .
1 april loth., 1950
A 000.00
2 Lpril 10th., 1951
1,000.00
3 ;1pri 1 loth. 1952
19000.00
4 i-,ri1 loth., 1953
19000.00
5 «p-ri1 loth., 1954
19000.00
6 p-ril loth. , 1955
19000.00
7 "pril loth., 1956
19000.0.
8 April lOth., 195V
1#000.00
9 i-ori.l loth.. 1958
19,000.00
10 .4ril 10th., 1959
19,000.00
li np-ri1 loth., 1960
1*000.00
12 kp-ri1 loth. 1961
1900;:%.00
13 ypri1 10th. 1962
19000.00
14 hpril 10th., 1963
19000.00
15 April 10th;, 1gh4
19000.00
Section 4. That they shall bear interest at the
rate o�.� five and one
half per century (5-]) per annum, payable 1lpril loth.
1925, and semiannually
thereafter on the loth day of October and_ the loth
day of �,pril of ec_c1i. year.
Section 5. That the pri_cipal and interest of
said series of bonds shall be
payable in lavful money of the United States of-merica
upo_i presentation and
s-orrend er o i' bond or proper coupon at the Hanover _lational
Banik, New York City,
Nevr York.
Section 6. That e-ch of said bonds shall be si
Tned by the T._ayor, countep-
si ~ned by the City 'ecret ..-ry, a_id registered by the
City; lre-.sure-r, and the
corpor,�_.te seal of tiie `'ity of Lub .ock shall be i;,rpressed
upon each of said bonds
Section 7. That the facsimile si�-natures of the
i,ayor and City Secret�..-ry
may be lithographed on the coupons attached to said
bonds,.lid shall have the
sarze effect as if their had been signed by them.
Section 8. The form of said bonds shall be substantially
as follows:
U-NI'1'-Z"AL 01' RICE
A9000.00
r
COUNTY O.L' LUBBOCK
CITY 01' LULBOC1. BC_`iD Si:ItII:S 1924.
? 0 d ILL1, TT 111T 'TH.: i)D.: I3 . lh .t the `'ity of Lub :ock, i tz the
Cou__t-,- of Lub Nock, State of Texas, a municipal corporation duly incorporated
u._,d°er the lags of the 't;_ to of Texas, for value received, hereby pro_yises to pay
to the bearer hereof or, the loth days of xpril, 19 the sum of
Oi1i'i TH-DUS=i_'wJi DOL!lci_.7
($19000.00) in lawful money of the United States of America, with intere:3 t thereon
fror:l date he-reof at the rate of fi-.-e and one half per centum (5z) per annum in-
terest payable --, ril loth. , 1925, -_nd semi-annually the :.eaft .;r on the loth day of
October and the loth day of=Lp-ril of each year, principal end interest payable
upon prese_ztf tion and surrender o]' bond or groper coupon at the Hanover ITational
Ba;1 i, New York City, New York, and the Oi.ty of Lubbock is hereby held and firmly
bound, sand its faith and eredi t,i1d all -re.l aild personal property in said Oft`,,
are. hereby irrevocably pledged for the prompt iayment of the principal of t'is
bond and the interest th.e-r_,on at maturity.
"IT" BO_�:u is one of a series of fifteen bonds, numbered from 1 to 15,
inclusive, in the dehominatio_1 of One T;.ou.sand Dollars kp"1,000.00) e _ch, ag-
gre, wting 2ifteen Thousand Dollars (� 15,000.00) issued for the purpose of ex-
tending and improving the water works :system. under and by virtue o_f the Con-
s•titution and laws of the .St_ - to of Texas and the Charter of the City of Lubriock
Texas, L.nd in pursuance of Ordinance _io. 254 adopted by the City Commission of
t _e City of Lubbock, Texas, on the 24 day of 21.pril, 1924, and -recorded ill Boo .
3 rage 199 et seq., of the inutes of said City Commis ion.
IT IS H-PLBY CE-=IP+I%B RECITED t:.at the issuance of this Bond, and
the series of which tt is a part, is duly authorized b_.,. lava aiid by a vote of the
aualified property taxp.:, inM voters of the Cit : of Lub�Jocr., Texas, voting at ail
election held for that purpose within sand City ol_ the 21st. d_y of idovember 1923
t'rlE.t all acts, conditions and things required to be d_n:_� orecede__t to and in the
issua_ice of thits series of bonds, �..nd of this bond, have been pror):rly done and
performed and have hap clened in regulG.r and due time, f or-ii and manlier as re-iuired
by law; that sufficient and proper provision for the levy and collection of taxes
has been ;ad.e which wheln collected shall be ap-f_-rop-riated exclusive to the payment
of this bond, and of the series of which it is a part, mad to the ppyiaient of the
interest coupons hereto annexed as the same shall become due; �;.nd tt_LLt the total
indebtedness of said City of Lubbock, inc lud i n; the entire series of bonds of
which this is oae, does not e--ceed any constitutional or statutory li.:iitation.
Ill vVI-ii - SS "�7 .RR01 , the City of Lubbock, by its City Commission, has
caused its cor-porate se'Ll to be affixed hereto, ;:.nd this bond to be signed by its
11,1ayo-r, countersigned by its City Secretary, and registered by its City Treasurer
and the interest coupohs hereto attached to be executed by the lithographed
si?-natures of the and the City Secretl_ry; the date of this bond, in con-
formityr with the ordinance above referred to,being tiie 1st d-yr of Ilia.y, 1924.
C0U-",iTER3I r ,'D:
City uecretary City of
Lub bocl_, Texas
I:'ia.yor, City of Lubbock, Texas.
3L�Ial.�T�:
City 'Tre. surer, City of Lubbock
Texas.
Section 9. The for.-i of coupon shall be substaiitiallyas follows:
(except Coupon 1 shall be for 11 mos. and 10 days interest)
No. 01i '2HE 10th. DLY OF 19
.;p27.50
the City of Lubbock, Texas, pro, rises ,to pay to bearer at the Hanover -National
Bank, New York City, New York, the suJn of we ity Seven & 50/100 Dollars ($27. 50 )
being six months' interest on CiTY 02 LUBBOCK iZ'2ER'idORZS BO-'TD, S��-I IE3 1924, No.
dated I,.ay lst. , 1924.
Iylayo r .
City 5ec-retary.
Section 10. The following certificate small be printed on the beck
o2 e�-:ch bond:
021-PICI 0-' 1-1H COI,IP zOL� �:
3"_'..-L" 0.1:' TL-3.
I H:,]REBY C.uRTIFY That there is on file and of record in my office a
vrertificute o"' the 1 ttorney General of the St:_:.te of Texas to %he effect that
this bond has been examined by him as required by law and that he finds that
it has been issued inc,.�n.formity with the Constitution and lar;s of the St .te
of Texas aiid the Charter of the City of Lubbock, 'Texas, and that it is a v-�lid and
binding obligation upon said City of Lubbock, Te-•�as, and said bond has this
day been re-istered by me.
IuY Hu- D A!�'D 31]11L 0,'.-'10E, at 2-ustin, Texas, this day
of 1224.
Comptroller of public recounts of
the State of Texas.
Section 11. IT I3 iT::T_�,�'_. 01:'DrI!%TED BY TF3 CITY 0�' LJ33OCK TEXAS
that while said bonds, or any of them are outstanding and unp�.id, in order
to __ rovide for the payment of principal of and interest on said bonds, there
shall be, and these is hereby levied a tax on all the taxable �jroperty in said
City of Lubbock, Texas, sufficient to produce the following amounts in the
following amounts in the following' years, making due allowance for delinquencies
and costs of collection:
YEr�.R IN12E'IL�,3T FRIrTCIPrL 10T1.L
1924 due 4/10 25 - 779.10 $300.00
" 10/10/25 - 412.50 $1110491.60
1925
it
4/10/26 -
412.50
300.00
"
10/10/26 -
412.50
19125.00
1926
"
4/10/27 -
412.50
300.00
"
10/10/27 -
412.50
19125.00
1927
"
4/10/28 -
412.50
300.00
"
10/10/28 -
412.50
19125.00
1928
"
4/10/29 -
412.50
300.00
19125.00
10/10/29 -
412.50
1929
"
4/10/30 -
412.50
300.00
"
10/10.30 -
412.50
19125.00
1939
"
4/10/31 -
412.50
300.00
"
1m/10/31 -
412.50
19125.00
1931
"
4/10/32 9
412.50
300.00
"
10/10/32 -
412.50
19125.00
1932
'
4/10/33 -
412.50
300.00
IT
10/10/33-
412.50
19125.00
1933
"
4/10/34 -
412.50
300.00
"
10/10/34 -
412.50
19125.01
1934
4/10/35 -
412.50
300.00
IT
10/10/35 -
412.50
1#125.00
1935
It
4/10/36 -
412.50
300.00
due
10/10/36 -
-:�412.50
,19125.00
1936
rT
300.00
10/10/37 -
412.50 .50
10125.00
1937
if
4/10/38 -
412.50
300.00
11,125.00
IT
10/10/38 -
412.50
1938
If
4/10/39 -
412.50
300.00
It
10/10/39 -
412.50
19125.00
1939
if
4/10/40 -
412.50
300.00
IT
10/10/40 -
412.50
19125900
1940
"
4/10/41 -
412.50
300,00
10/10/41 -
412.50
19125.00
1941
"
4/10/42 -
412.50
300.00
"
10/10/42 -
412.50
19125.00
1942
"
4J10/43 -
412.50
300.00
10710/43 -
412.50
19125.00
1943
"
4/10/44 -
412.50
300.00
10/10/44 -
412.50
19125.00
1944
4/10/45 -
412.50
300.00
°T
10/10/45 -
412.50
19125.00
1945
''
4/10/46 -
412.50
300.00
:'
10/10/46 -
412.50
19125.00
1946
"
4/10/47 -
412.50
300.00
'
10/10/47 -
412.50
19125.00
1947
"
4/10/48 -
412.50
300.00
10/10/48 -
412.50
19125.00
1948
"
4/10/49 -
412.50
300.00
'
10/10/49 -
412.50
1,125.OJ
1949
'
4/10/50 -
412.50
19000.00
10/10/50 -
385.00
19797.50
1950
IT
4/10/51 -
385.00
19000.00
it
10/10/51 -
357.60
19742.50
1951
IT
4/10/52 -
357.60
1*000.00
t'
10/10/52 -
330.00
19687.50
1952
4/10.50 -
330.00
1,000.00
10/10/53
302.50
19632,50
1253
"
4/10/54
302.50
19000.00
10/10/54 -
275.00
1,577.50
1954
"
4/10/55 -
275.00
19000.00
10/10/55 -
274.50
1*04QzQfl
19522.50
1955
"
4/10/56 -
247.50
11000.00
10/10/56 -
220.00
19467.50
1956
"
4/10/57 -
220.00
19000.00
'
10/10;57 -
192.50
1,412.50
1957
IT
4/10/58 -
192.50
19000.00
"
10/10/56 -
165.00
1*357.50
1958
4/10/59 -
165.00
111,000.00
It
1q/10/59 -
137.50
19302.50
1959
IT
4/10/60 -
137.00
19000.00
"
10/10/60 -
110.00
19
19247.50
1960
"
4/10/61 -
110.00
19000,00
Tf
10/10/61 -
82.50
10192.50
1961
it
4/10/62 -
82.50
10-000.00
"
10/10/62 -
55.00
3:9137.50
1962
"
4/10/63 -
55.00
19000.00
"
10/10/63 -
27.50
19082.50
1963
"
4/.10/64 -
27.50
19000.00
19027.50
In order to produce the necessary amount for the payment of
pri.nci.Pa.l and interest on said. bonds, there is hereby levied for the current
year upon all taxable property in said City a tax of three cents (3�) on the
One Hundred Dollars' valuation, and annually thereafter the amount of tax
shall be computed which will be sufJ`icient to produ.ce the amount n,_�med above
in each of the years respectively, L..nd such taxes shall be assessed and col-
lected acid when collected sh,,:ll be applied to the -purpose nt:.med tuid. no other.
Section 12. IT Ia rURTH"E' ORI�_:.L��D thtt: ��. i'. friend, Mayor of
said City, shall be authorized to take and have charge of all necessary re-
cords pending investigation by the _;ittorney General and shall take and have
charze and control of the bonds herein authorized pending their approval by
the Attorney General and registration by the Comptroller of public �iccouiits.
Section 13. the fact that the City of Lubbock is in urzeiit need of
the waterworks extension herein contemplated creates an ernerzency &nd an im-
perative public necessity that the rule -requiring ordinances to be -read on two
separate day:: before final pa6,sage be suspended, and such rule is h,:r.eby sus-
pended, and it is ordained that this ordinance sh�:.11 take effect and be in
force immediately upon its passaFe and approval.
PASSED , this the 24 day of iipril, 1924.
AI' -ROVE), this the 24 da. of slp-ril, 1924.
J. Germany,
City Sec-retary, Ci ;,y of
Lubbock, Texas.
(CITY ;3LL )
F. R. Priend.
Layor, City of Lubbock,
Texas.
ORVIIA11TCi; _;0 25
_ "ORMINANCE O 255 A n' D1 ?��ItCE BY T.L CITY C I,',' - 'r T ' CITY OF
Y Q �ihIIN�IVi �l —
LU3:. O CZ TrJX_- ' Z-UT `' GI:I3IId'r r� ! � ' I :, 30 ..T `, -� I T OF
1 i„ N, Ii1YVL Gip LO�T1�7 !Q�t z��, i_.1I:CI4=��.T. ,jTj_i j
360,000.00 10 . x{:: P'iT:�l'OSE OF _'�iVil'G L�I:�:.I=�L'd' riiii� � = .ir-i1�.7T LY Iitit::0-LrI''oG THE
aT?:Z':;iS -vLti 0J^I;TE �3 OpCInY OF 3JBi0CK, PIGVIiING FG.� 1'HE LEVY
--I?l' COI LLCTIGIT 1`2 _. ,�U_'�'ICI i?i T1iX '1'0 i<�Y fY_ ITI'I'_ :�5'i x,IVD _C=:i__T j �_ SII' IiT T
+.ITT ' 1-`0 1H." ✓'r �1 1 T Y O.� 310i�- n t1 r - G � i i j('' rr •-1 l'\� 1
- 1.1'r1 . _t 1`i1 J _uZ l:�'lIGl� C'_ ,,_II _ v��.JN i_1 1'i_i_�_'UT' ITY: k � 30F'I.:i .x _ ice. .! ODR1._ Qr
OI D:_Ni) :II%TG L� _; I.'_j:"i:G T' CY" account of serious need of --man -.I' surfa
cing of the City highway and danger and iiaconvei�iit; ce of flood -waters
Comriiissioner Jones moved th;.t the ordinance be -claced on its first
reading; seconded by Commissioner Posey and carried by the fol_LoG`din2' vote:
Y I'i.' : Commissioners Love, Jones , 44olf f�,.rth s Posey.
.Ways: None.
Carried; placed on first reading.
Com:iiissioner Jones moved belt the ordii-mzice pass first readinm; se-
conded by Commiissioner �4olffa-rth, cam ;d by the f-ollowin;z vote:
YE.�a: oomrnissioners Dove, Jones, "olffarth & roses;.
-L.LYS : T'Ione.
Carried; ordin-,nc:> pa sed first rec_di;il-.
Conriissione-r Love moved th.:t the rules be suspended and that the or-
dinance be nlace'd on second reading; seconded by Commissi.o_ier Jones, -nd carried
by the follo,,iing vote;
YyAuj" : Commissioners Love, Jones, 'col: firth Posey.
NAYS : idone .
Carried; ordinance placed on second reading.
Com,ai s._:ion.er rose,% moved t;-I.vt the o-rdin�:ce pass second read_in,r; seconded
by Conuni.:sicner dolffarth, and carried by the fo-'.lowin- vote:
YZ."'S: Commissioners Love, Jo}ieU, "olif�:.rth 3E, Posey
NAYS : None. �r
Carried; ordinance p�;.s fed second reading'.
Coma issioner "Nolffr:rth moved tuna.t the ordinance pass third aiid "final
reading; seconded by Com:riissioner Love and carried by the following vote:
Yl.'.:.7: Ci'ommission-:rs Love, Jones, volff .rth c,i d Potier.
NrYS: No1i.e.
Mayor -Friend then declared the ordinance finally adopted.
r'�
5
rdinance follows:
03�1JIiV=iI`v"L T'd0. 255
klT ORDIIT`�_TTCE BY THE CITY C012-ISSIOT; Olf _Hlz CITY
0� LUB:.00IL TE.U,a ;;U HORIZ17JIi] � OFBO TDa
�'0 =TE P'.IIZCIP-�L Z) :.- 01' $360,000.00 FOR T iI� IURPOSL
ram_.:. �TTI;TTELY Ii.'. {0`Ti:TC i_`1E
,� 7' _ .. T _ .. T.^. ,. E` , l . � i7' } t 7 -1 "J T 'U r � T 1 ry
<�Ei,1S ���,� �. ��..TU�a cl L1_� cIl � ..� LJ�'oc��, r� 0 dliJl��.:�
LVY COLLECTION 0-''
.<T'TOC THE
2 ;
S it iJ BONDSriT '1URI'TY . rR aCl�Ii .IIT"T
C -, �( Lfr V {' � n T ,
L 1✓1_.a.l l' VT : i iT1 1J=.� L,. �1T� account of s _,,rious
need of :--rmanent surfacin- of the City highways and dancer
L.:iid inconvenience of flood water
WHERE.], at an election held in the City of Lubbock, Texas, on the
21st. du.y of November, 1923, majority of the qualified voters, who are
property taxpayers of the Citv of Lubbock, votinz at said electioni sustained the
proposition to issue the bonds hereinafter described for the principal suxn of
-;p3609000.00 by a vote of 423 votes, and which carried by a majority vote of
409 in favor thereof, beinT "For the issu€-,ic-a of '.;360,000 of itreet Imnrov:;rient
Bonds'
Section 1. That the bonds of said "ity, to be culled "CITY 0�' L'JB' OCY
13017,'DS', 1924", be" issued under and by virtue or the Con-
stitution ai1a law.: of the State of i.,xus ci1d 11.e Ch.a-rtur of the i✓it7; of Lab�:ock,
Tex..-s, for the .,rpose of pavin-�, draininz, and perrL�:Iiently improvinlz tl,e streets
and avenues ii_ the Cit,.- of Lub 'ock. in the principt;.l au-n of `Ihr.;e Hu-,dred Sixty
Thous nd Lollars ( 360,000.00)
Section 2. That said bonds sh-.11 be numbered consecutively from one (1)
to t__ree hundred sixty (3600, inclusive, alld shall be in the denomi_i.ation of One
Thousand Dolla_-s k; l 000.0o) each, aggreaating the suri of Three Hundred Sixty
Thousand Lollars (� 360 , oo0. o0 )
Section 3. ` 't,,at they shall be dated iSc.y 1st, 1924, -.nd shall become due
aiid payable serial _y as fol-Los.rs.
BCi;i7
TTOS.
I-L`J--ITY TJATE,S
blsi".U=`TS
1
to
10
Iipril
loth,
1929
$10,00o.o0
11
t0
20
rpril
10th,
1930
109000.00
21
to
30
ripril
loth,
1931
109000.00
31
to
40
Lpril
loth,
1932
109000.100
41
to
50
2-pril
10th ,
1933
10,000.0-1
51
to
60
:�-pril
loth,
1934
10,000.0.
61
to
70
tipri1
loth,
1935
10,0i:-,i0. �=)
71
t �
80
jl� ri1
loth,
1936
10,060.00
81
to
90
-kipril
loth,
1937
10,000.00
91
to
100
-pril
loth,
1938
10900o.0:)
101
to
-110
ripril
10th,
1939
10 , 000. -'
111
to
120
•ipri1
loth,
1940
10,000.0."
121
to
130
"pri1
loth,
1941
10,0 ).
131
to
140
,pril
loth,
1942
109000.00
141
to
150
-pril
loth,
1943
10,000.0C
151
to
160
1Ip-ril
loth,
1944
109000.00
161
to
170
-pril
loth,
1245
109000.00
171
to
180
.pril
loth,
1946
10,00,-.v0
181
to
190
-i-p-ri1
loth,
1947
10 9000. ii!:
191
to
200
�-pri1
loth,
948
10,000.00.
201
to
210
��pril
loth,
1949
lo,0OO.00
211
to
220
i-ril
loth,
1950
10,000.0!
221
to
230
=,pril
loth,
1951
10,000.
231
to
240
1-;ri1
loth,
1?5:
109000.00
241
to
250
i_ri1
loth,
19.53
109000.00
251
to
260
==pril
loth ,
1954
109000.00
261
to
270
1
10th,
19,55
10,000.0
271
to
280
--1..
lath,
1956
10,000.00
281
to
290
--:.ril
loth,
1957
10900...00
291
to
300
t,nri_l
loth,
1958
10,000.00
301
to
310
:.rilr
loth,
1?59
1090,30.00
311
to
320
r 11
lot
1960
10,0(0,00
awl
to
330
-1; ril
loth,
1961
109000.01
631
to
340
-=pril
loth,
1962
109000.00
341
to
350
pri1
loth,
11?63
10,000.00
3�1
to
3G0
==p-ril
lOt,L,
1964
109000.00
Section 4. That they shall bear interest at the rate of five and one
half per centum. (51 per annum, payable 4pril loth, 1925, and semi-annually
t'_hereafter on the loth day of October and the loth day of i prir 1 oif eacri year.
section 5. is at the principal and interest of said series of bond~ shall
be p-dyable in laj.ful money of the United 'Mates of rimericE� upon presentation mind
sul'render of bond or --roper coupon at the Hanover 14ational Ban'_-, I?evJ Yor'-. City,
i1e�;r York,
Section 6. That eac l of said bonds s_ als be si 'rued by the I. ayor,
countersi,glied by the City secret ry, and registered by the Citzr Tre .surer, and
the corporate seal of the amity of Lub'lock shall be irnl:.ressed upon each of said bonds
oection. 7. That the facsibmile siccnatures of the = ayor and Cite secretary
may be lithogra-ohed on the coupons attached to said bonds, and s'-.al' have the same
effect as if their had been signed by them.
Section 8. The form of said bonds small be substantially as folll s :
No.U,?1�1'.�77 .���-.':ti 0Y ��:,:�=:1C� ; 1,000.00
�rl t y rl T�iYirA�
i
CITY Ow' LU ,!�OCK .:1'T ;;:�,T
1924.
T T f 1 t'T T ill : �'� '- :: a' -1 T T e 5
XI'.O�rJ .zLA. I; I- BY �, �, Z_I Zt l lI1Gt the Cit-; of Lubbock, in the County
of Lubbock at&te of Texas, .L municipal corporation duly incorrorated under ,he
laws of th:: 6t-I'Ae of Texas, for value -received, hereby promises to y,a�T to the bearer
hereof on the l0th dw1,: of =1_ ril 19 the sum of
G11T_ , ?S 1 1 F, 1
�JJ �' L'� V �%211Y� LOI. Y21i./.�
(19000.00) ill lawful money- of the U�iit�:d jt�:Aed of -america, with interest thereon
from date hereof at the rate of flue and one half per cesltuin (5-?)o) per annum,
interest rayable A71ril loth, 1925, and se,2i-aih1ua. ly Mereafter on the loth days
of October and the 1®th da- of 1'lp-ril of eacl'. year, principal . i.ntere;.;t payable
upon -preson'Gation t.:.nd Surrender or bond or C•r0i= :r coupon at the Hanover Nati o-n l
Bank, Ilea York City, New York, and the Uity of Lubbock is ;hereby held and firmly
bou.,d, and its 'Lath and c-:.'edit, and all real a -id :'ersonal in said Uity, are hereby
irrevocabley _,ledged for the prompt payment of the principal' of this bond and the
interest thereon at maturity.
I!IJ 3O`?J is one of a ,,stories of three hundred sixty bonds, slumbered from
1 to 360, inclusive, in the deno..sination of One Thousand Dollars ( 1,000.00) each,
a-gregwtinz Three Hundred ixty Thousand Dollars ("360,000.00) issued for the
rur_,ose of paving, draining and permanently im roving the street,, and avenues of
the City of Lu: locck under and by vittue of the Co nstitution `.11d l :rs of the "'ate
of Texas c..-.nd the Charter of the it�yr of Lubbock, Texas, and in pursuance of
O-rdin..11ce ito. 255 adopted by the City rCom:ii- lion of tie Oity of Luu;Jock, Texas, on
the 24 day of ��:>>-ril, 19249 v.nd recorded in Book 3 ._gage 202 et .seq. , of the ;::mutes
of said City Commis:,ion.
IT - � "T=,�: tht�t the issuance of this bond, <_nd
the series of cvhicll it is EL part, is duly authorized by lacy and b;� a vote of the
qualified -rop 'rty taxp<;._.:-;...ye_ voters of the City of Lu.bboc z, `1'e:�l-_., 9 voting at an
election,held for pur .ose within said City on the 21st day of Noveriber, 1923,
that all acts, conditions End tr_in.:s -required to be done prec ;dent to shad in the
is'sua_ice of this:, series o'. bou.ds, .1-id. ol this bond, have been 'oroperl, dc+ri: c.nd per-
formed wrid hate h&-c.p. ned iyi regular and due time, fc:r_n and rr,t:.nner as required by
law; that sufficient and i7rol,er provis° on for the levy and collecteo., ..: F taxes has
bee -I made ,,thich vrirhen collected shall be appropriated ettclusively to the raym,�,,n.t of
this bond, :_.did of the series of which it is a part, a_n5 to the payment o:i the in-
terest coupons hereto aniexed as the shall become due; and ti,:,t the total in-
debtedno2s of said City of Lubbock, including the entire series of bonds of which
Chia is o:ie, doez not exceed any constitutional or statutory l.i�nit;.ti.on.
Ii 1IT �,3� 'J`E;_.E0 , the City of Lubbock, by its City Com.iiission, h�-s caused
-r
its corpot:te se'..l to be affixed hereto, and this bond to be signed by its i:l�yor,
countersigned by its City Secret :.ry, and registered by its City Treasurer, L:nd the
interest coupons hereto attac'r ed to be executed by the litho_r a hed signatures of
" -s . `ST L
the i:ic:Lt%Or and file v1 teC e �c:.--_ the �he date 0-f this bCild, 17:h eC11_Crmity 4dit.11 the
ordin:_:ilc'< above referred to, bein the lst da of Lay, 1924.
COUNT 31 CI?_� D :
City S_.cret..ry, Uity of
i.ub ock Texas.
ha-, or, City of Lubbock Texas
City Treasurer, Git. of Lubbock,
Texa:,, .
Section 9. The for_.i o2 c�npon sha1". be substantially --s follo vs :
(. ce-pt Coupon -,To. 1 s all be fo-r 11 mop�2I . .i 10 days' interest)
NO.
A27.50
O.-. � TI 10'�'�� �_- 0-'
1 the �'it�y o,' l.b
ocir, Texas,
pro-
: iUes to p�vJt to
be .re at th na o er ITationwl Bahr:, idea' Yore_
City, 'd. Y.
the sum
of `Twenty aeve.i
. & 50/100 Zoll,_:rs
(' 27. 50) , bein z six ::i :nths'
:merest o
CI �' _ C
LJIIEOBOCK S'T%:._`1'
I_:�:,OV i:1;?.- 1.) �TL,
Series 19?4, Td0 d_�ted
La T 1::t. 1
4.
,
,
Layor.
City Dec-. e t&ry.
Section 10. the follovvino- certificate shall be printed _n the b�_ck of
each bond:
0
, D1J 3 , ,; ., ram,;,1- 2 R0 --
S T. • ice, 0_' 1'�?i_;..j •
IH 3BY C J'_-.TI2Y t1--t there i o.n file �zid oL record in my of: -`ice c cer-
tificate of the x'1,-6Orney General of the Dt°,.te of Texu: to the effect treat this
bond has beeii examined by him as required b�: law an,5. th�_.t he finds th :,t it has
beeil issued in co_,for.lity with the Constitution �.nd laws of the 'mot to of Texas
and t-=e ''hurter of i,iae City OIL- Lubboc , Texas, an,,-i that it is, a v.._ lid L�.nd binding
obligation upon 0;_lti C1tJ of Lubboch, rTex: :.;, �_:11:i said bond t16.3 this dc.:,- bee-l. re-'
f:nistered by me.
of
,IT 1LaS i;'Y .H:id7) 02� jIC.::1, at .=ustin, Texas, this day
, 1924.
Comptroller of Public =ccou. its
of the 6t . to of Tex---,,
Section 11. I'i IS 2 J .T u! O'_`3DIiINED BY = is CITY Or LUBBOC�_, TEXAS that
while said bolds, or an-, Of there are outst- nding �Lii aura; d, in order to -pro-
vide for the is meat o_�-orinci-oal of and interest ol, daid bolds, there shall be
and thiare is h�_,eby levied, w tax on all the taxable prop rty iii s :id `'it of
Lubbock, Texas, suffici,:,.t to produce tale following amounts izj. the follo��.ring
years, rl kind due allowance for delinquencies acid. costs oi' collection:
YELR
I Td`1 E;? ;L T
rR I1 C I P..L
T 0 T:LL
1924
due
4/10/25 -
$18,698.40
$7,200.00
"
10/10/25 -
9,900.00
.359798.40
1925
'
4/10/26 -
9,900.00
79200.00
'
10/10/26 -
9,900.00
279000.00
1926
"
4/10/27 -
9,900.00.
79200.00
"
10/10/27 -
9,900.00
279000.00
1927
4/10/28 -
9,900.00
79200.00
11
10/10/28 -
9,900.00
27,000.00
1928
'
4/10129 -
910900.00
100000.00
29,525.00
"
10/10/29
99625.00
1929
4/10/30 -
9,625.00
109000.00
"
10/10/30 -
9,350.00
289975.00
1930
"
4/10/31 -
9,350.00
10,000.00
"
10/10/31 -
9,075.00
280425.00
1931
4/10/32 -
9,075.00
109000.00
"
10/10/32 -
8,800.00
279875.00
1932
"
4/10/33 -
89800.00
109000.00
1
10/10/33 -
8,525.00
-979325.00
1936
"
4/10/34 -
89525.00
109000.00
"
10/10/34 -
8,250.00
269775.00
1934
"
4/10/35 -
89250.00
101000.00
"
10/10/35 -
79975.00
269225.00
1935
"
4/10/06 -
7,975.00
109000.00
"
10/10/36 -
7,700.00
259675.00
1936
4/10/37 -
79700.00
109000.00
"
10/10/37 -
7,425.00
259125.00
1937
"
4/10/38 -
7,425.00
109000.00
f..
due
10/10/38
- Q"79150.00249575.00
1938
"
"
'4/10/39
4/10/39
- 7,150.00
- 6,675.00
$109000.00
24,025.00
1989
►
10/10/40
- 6,600.00 .00
109000.00
239475.00
1940
"
"
4/10/41
10/10/41
- 6,600.00
9 6,325.00
10,000,00
229925.00
1941
"
"
4/10/42
10/10/42
- 6,325.00
- 6,050.00
101000.00
229375.00
1942
"
"
4/10/43
10/10/43
- 6,050.00
- 5,775.00
109000.00
219825.00
1943
"
"
4/10/44
10/10/44
- 5,775.00
- 5,500.00
10,000.00
21,275.00
1944
'
"
4/10/45
10/10/45
- 5,500.00
- 5,225.00
10,000.00
20V725.00
1945
"
"
4/10/46
10/10/46
- 5,225.00
- 4,950.00
10,000.00
209175.00
1946
"
"
4/10/47
10/10/47
- 4,950.00
- 4,675.00
109000.00
19962v.00
1947
"
"
4/10/48
10/10/48
- 4,675.00
- 4,400.00
109000.00
199075.00
1948
"
"
4/10/49
10/10/49
- 4,400.00
- 4,125,00
109000.00
189525.00
1949
"
'
4/10/50
10/10/60
- 4,125.00
- 3,850.00
10,000.00
17,975.00
1950
"
"
4/10/51
10/10/51
- 3,850.00
- 39575.00
10,000.00
179425.00
1951
"
"
4/10/52
10/10/52
- 3,575.00
- 3,300.00
10,000,00
169876.00
1952
"
"
4/10/53
10/10/53
- 3,300.00
- 3,025.00
1011000.00
16,325.00
1953
"
4/10/54
- 3,025.00
109000.00
"
10/10/64
- 2,750.00
159755.00
1954
"
4/10/55
- 2,750.00
10,000.00
"
10/10/45
- 2.475.00
159225.00
1955
'
4/10/56
- 2,475.00
109000.00
'r
10/10/56
- 2,200.00
149675.00
1956
"
4/10/57
- 2,200.00
10,000.00
"
10/10/57
- 1,925.00
140125.00
1957
"
4/10/58
- 1,925.00
109000.00
"
10/10/58
- 1,650.00
13,575.00
1958
"
"
4/10/59
10/10/59
- 1,650.00
- 1,375.00
109000.00
139025.0''
1959
"
"
4/10/60
10/10/60
- 1,37.5.00
- 1,100.00
10,000.00
120475.00
1960
"
4/10/61
10/10.61
- 1,100.00
- 825.00
10,000.00
119925.0
1961
"
4/10/62
- 825.00
101000.00
119375.0-:)
'
10/10/62
- 550.00
1962
"
4/10/63
- 550.00
10,000.00
"
10/10/63
- 275.00
109825.00
1963
'
4/10/64
- 275.00
109000.00
109-275.00
20(P
In order to produce the necessary amount for the payment of principal
and interest on said bonds, there is hereby levied for the current ye:.-r upon
all taxable property I.n said City a tax of 6ixty cents (60�) on the One
Hundred Lolla-rs' valuation and annually thereafter the amount of tax shall be
computed which will be sufficient to p_•oduce the amount n&med above in each
of the years respectively, and such taxes shall be assessed wnd collected
and when collected shall be applied to the urpose nu.med nd no other.
section 12. I1' IC 0 D-11TEl, that 2. A,. r'riend Ma—,vor of said City
shall be authorized to take and have charge of all necessary -records pending
investigation by the r-ttorney 'Jeneral and shall t�.r;e and have change &nd con-
trol of the bonds herein authorized pezidin their a _.proval by the `'ttorney
�ene_.:•al and req�•iUtration by the `'omptroller of _Public slccounts.
)ection 13. the fact th,..t th. City of Lubbock is in urgent need of the
street improvements herein contemplated c-reLtes an emergency nd an im-
pe -Utive public nece--sity that the -rule requiring ordinances to be -read on
iwo separate days before final passage, be suspended, nd such rule is hereby
suspended, A,id it is ordained that this ordinance tL e effect ziid be in
force immediately upon its passage and approval.
k"- SSE'1), this the 24 day -:f t.-Dril, 1924.
:�rr'.�. FAD, this the 24 da of -Pril, 19 4.
_ i'• L'rien(]
hla.yor, , Ui ty of Lubbock, Texas.
J.
�it,.T aec _ e , ..r� , Lubboc ., 'el,hi.s.
Upon motion ade by !Ar. Jones G.nd sec onded by I:ir. dol.i:'�Lrth, -•-r. yLuby was
instructed to buy two 6 in. meters. 3U:ne was p�'_used Ib,.7 unanim_us -vote.
There
b iii- no furt-,_er
buUine;,_�
the
rneetinP1• adjourned.
Re�,.d
and approved this
� d:-
Y of
19w4-
I,idU it; o_' Lub o --, Texas.