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HomeMy WebLinkAboutMinutes - City Council - Regular - 7/6/19253 4 July 6th, 1925. City Commission met in a special session with the following present: F.R. Friend, Mayor, Commissioners Messrs. R.W. Blair, Geo. C. Wolffarth J.O. Jones and W.S. Posey. Upon motion made by Mr. Blair and seconded by Mr. Wolffarth, the Mayor's action in signing the following contract was approved by unanimous vote; rr CONTRACT OF PURCHASE _111D RIGHT OF WAY THE STATE OF TEXAS TOL & SID CARAWAY TO LUBBOCK COUNTY [ CITY OF LUBBOCK Tol and Sid Caraway, herein called grantors, and the City of Lubbock, herein called grantee, witnesseth: That the grantors bind themselves to grant, sell and convey by good and sufficient warranty deed to the City of Lubbock, Texas, 100 acres of land, being part survey Three (3) Block B in Lubbock County, Texas, being part of Caraway s Subdivision as s'i.own by blue print there- of, morel particularly described as follows: Beginning at the southeast corner of Bleok 13 of said subdivision, and extending west far enough to include 100 acres of land, the south line of which shall be the north line of said 100 acres being the field fence lines now standing oh said land, said tract of land herein contracted for being the south 100 acres between the boundaries designated. It being contemplated that said 100 acres of land shall be surveyed out and staked off at the City's expense on or before July 5th, or thereabout, or within a reasonable time thereafter. The consideration for said land is the sum of $125.00 per acre, which the grantee promises to parr to the grantors at Lubbock, Texas in cash on delivery of said deed and abstract of title herein called for. It is understood that the 100 acres mentioned is being purchased by the city as a place for taking care of the sewage from its disposal plant located about three quarters of a mile up the canyon; and it is expressly agreed, as a part consideration for this contract; which shall be recited in the deed of conveyance, that the city of Lubbock shall have the right to own, maintain and operate a sewage ditch or pipe line from said d.esposal plant across said Surveys 3 and 5 in Block B to said 100 acres of land, at the city's own expense, with the right of ingress and egrees on the part of the city to relocate, remove, remodel and repair same or any part thereof at any time; it being expressly agreed that said sewage line shall be laid deep enou _i so as not to interfere with the cultivation of said land or other domestic use. The grantors obligate themselves to furnish to the city at once a complete abstract of title to date to said land showing title thereto vested in said grantors in good and merchantable condition; and the city shall immediately have said abstract passed on and the de- fects therein, if any, pointed out in a written opinion and a copy of such opinion furnished to one of said grantors so that the grantors shall have reasonable time thereafter in which to correct or remove such objections, if any; whereupon this contract shall be closed within a reasonable time. It is agreed.that the city may set a centrifugal pump along said line or lii^_es in correction with a small reservoir for the purpose of lifting said sewage and pumping same to said 100 acres; it be- ing understood that for this purpose the city shall have the right to use not exceeding one half acre. This June 2 7t h, 1925. ✓ Toll Caraway TEE CITY OF LTTr3BOCK, TEXAS Grantor By F. R. Friend Mayor Sid Carawa,y Grantee. Graltor. By Toll Caraway A j THE STATE OF TEXAS j LUBBOCK COUNTY 1 Before me, the undersigned authority, on this day personally appeared Tol Caraway individually, and fay Sid Caraway, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the pur- poses and consideration therein expressed. Given under my hand and seal of office, this the 27th day of June, 1925. Rosen Wilson Rotary Public, u oc ounty, Texas. SUPPLEMENTAL TO THE FOREGOING CONTRACT It is agreed that the said grantors shall have the right to demand that the City stop using the open ditch upon reasonable notice after a reasonable time. The City is to be liable for all damages that it may do to growing crops on any of said land. The City shall keep the said sewage out of the canyon, and if it fails to do so, it shall be liable for all damages so done* This June 27th, 1925. THE CITY OF TUBBOCK By-F.R. Friend Mayor Grantee. Toll Caraway Sid Caraway Grantors. By - Toll Caraway. On a motion made by 11r. Vlolffarth and seconded by Mr. Blair, the following Election Returns were approved by unanimous vote: rr ELECTION RETURNS TO THE CITY COhV1,1I7SIO1T OF TIM CITY OF ?:UBBCCK, TEXAS: We, the undersigned officers holding an election on the 2nd day of July, 1925, at the City Hall in the City of Lubbock, Texas, to determine if said City shall issue $150,000.00 of bonds for the purpose cf extending and improving the sanitary sewer system of this City, hereby certify that at said election there were cast votes, of vi , ich number there were cast - "FOR THE I_SSUAITCE OF $150,000.00 SANIT_RY SEV',MR BONDS - etc." - - - - - - - -283 votes. "AGAINST THE ISSUANCE OF $150,000.00 SANITARY SE`fM BONDS - etc." - 9 votes. Majority "FOR TILE ISSUAITCE OF $150,000.00 SANITARY SE17ER BONDS - etc." - - 274 votes. Vie herewith, enclose poll list and tally sheet of said election. t'FITiTESS OUR H,' TDS, t is the 2nd day of July, 1925. W.S. Clark H.D. Woods Judges. The following resolution was passed by unanimous vote: Number of votes polled for the issuance of $150,000.00 Sanitary Sewer Bonds and the levy of a tax to pay the interest thereon and create a sink- ing found to retire such bonds as they mature - 283 votes. Number of votes polled against the issuance of $150,000.00 Sanitary Sewer Bonds and the levy of a tax to pay the interest thereon and create a sinking fund to retire such bonds as they mat --,-re - 9 votes. Number of votes polled against the issuance of $150,000.00 ,17aterv�orks Bonds and the levy�of a tax to pay the interest thereon and create a sink- ing fund. to retire such bonds as they mature - 280 votes. NumVe-r of votes polled ag�,Anst the issuance of $150,000.00 Waterworks Bonds and the levy of a tax to pay the interest thereon and create a sink- ing fund to retire such bonds as they mature - 12 votes. Number of votes polled for the issuance of $50,000.00 Street Improve- ment bonds and the , levy of a tax to pay the interest thereon and create a sinking fund to retire such bonds as they mature - 269 votes. Number of votes polled against the issuance of $50,000.00 Street Improve- ment Bonds and the.levy of a tax to pay the interest thereon and create a sinking fern to retire sucl, bonds as they mature - 19 votes. It is, therefore, found that such election resulted in favor of the issu- ance of $150,000.00 Waterworks Bonds, and $50,000.00 Street Improvement Bonds, and the levy of taxes to pay the interest as it accrues and cre-te a sinking fund to retire the bonds as they mature, each fund to be separate, and that the i suance thereof was aut�-_orized by a majority of the property taxpaying .voters on each proposition at such election. Read and a':proved this 6th day of July, 1925. F.R. Friend Mayor. ATTEST: J.R. Germany City Secretary, Lubbock, Texas. Upon a motion made by Mr. Blair and seconded by 11r. Wolffarth, the following Ordinance was read and ordered passed by an unanimous vote: ORDINAICE_.5O 3 AN ORDINANCE BY THE CITY COIsZISSION OF TIEm CITY OF LUBBOCK, TEXAS, AUT=IORIZIliG THE ISSUM'CE OF BO H?S FOR TITE PRINCIPILL SUK OF $150,000.00 FOR THE PURPOSE OF EXTEITDING A77D ITT. ROVII G THE ,ATER- WORKS SYSTEI1 OF SAID CITY: PROVIDING FOR T7MY, ASSE 1,, 7ITT :1I:D COLLECTION OF A SUFFICIEIIT TAX TO PAY THE INTEREST A77D CREATE A SINKIITG FUND FOR THE REDMTTION OF SAID BOI:DS 'LT 1,,V TURITY: PRE- SCRIBING THE FORM OF BOITD: AND DEM:.RING AN EMER- GENCY ON ACCOUNT OF TH7 NECESSITY OF I-PROVETMITS IN SUCH SYSTEM BECAUSE OF THE INCRE,'�'7E OF PEOPLE TO BE ST,RVED THEREBY. WHEREAS, at an election held in the City of Lubbock, Texas, on the 2nd day of July, 19259 a majority of the qualified voters, who are property taxpayers of the City of Lubbock, Texas, voting at said election sustained the proposi- tion to issue the bonds hereinafter described for the principal sum of 0150,000. by a vote of votes, and which carried by a mo jority vote of in favor thereo , eing "For the issuance of V150,000.00 of Waterwor s onds." THEREFORE, BE IT ORDAINED BY THE CITY OF LUBBOCK, TEXAS: Section 1. That the bonds of said City, to be called; "CITY OF.LUBBOCK WATERWORKS BOIIDS, SERIES 2 of 19259" be issued under and by virtue of the Constitution and laws of the State of Texas and the Charter of the City of Lub- bock, Texas, for the purpose of exte_�ding and improving the waterworks system of this City, in the principal sum of One Hundred Fifty Thousand Dollars ($150,000.00 . Section 2. That said bonds shall be numbered consecutively from one (1) to ne hundred fifty (150) inclusive, and shall be in the donomination of One Thousand Dollars ($1,000.00 each, aggregating the sum of One hundred Fifty V� 6 1 4 A (, 3 Thousand Dollars ($150,000.00). Section 3r That they shall be dated July 15th, 1925, and shall become due and payable serially as follows: BOND NOS. MATURITY DATES AI.ZOUNTS. 1 & 29 July 15th, 1936', 2,000.00 3 & 49 July 15th, 1937 20000.00 5 & 69 July 15th, 1938 29000.00 7 & 89 July 15th, 1939 2,000.00 9 & 109 July 15th, 1940 ?1r,000.00 11 to 1311 inc. July 15th, 1941 39000.00 14 to 16, " July 15th, 1942 39000.00 \17 "`O to 199 n " July 15th, 1943 39000.00 to 22, July 15th, 1944 �3*000.00 23 to 25, It July 15th, 1945 39000.00 26 to 30, n July 15th, 1946 59000.00 31 to 359 't July 15th, 1947 510000.00 36 to 40, It July 15th, '194$ 51P000.00 41 to 459 't July 15th, Z.949 $50000.00 46 to 509 It July 15th, 1950 5 9 000.00 51 to 56, " July 15th, 1951 69000.00 57 to 62, " July 15th, 1952 6,000.00 63 to 68, n July 15th, 19f3 6,000.00 69 to 74, " July 15th, 1954 69000,00 75 to 809 't July 15th, 1985 610010.00 81 to 87, t' July 15th, 1956 79000.00 88 to 949 n July 15th, 1957 7,0'00.00 95 to 101, t' July 15th, 1968 1 7,000.00 102 to 1089tt July 15th, 1959 7,000.00 109 to 1159't ,July 15th, 1960 7,000.00 116 to 122 't July 15th, 1961 7,000.00 123 to 129'911 July 15th, 1962 71000.00 130 to 136,'t July 15th, 1963 7000.00 137 to 143 t' July 15th, 1964 )7:000.00 144 to 150," July 15th, 1965 ,p7,000.00 Section 4. That they shall bear interest at the rate of five per centum (5%) per annum, payable semi-aiinuall<y on the 15th day of January and the 15th day of July of each ye,,.r. Section 5. That the principal and interest of said series of bonds shall be payable in lawful money of t'_e United States of America upon pre- sentation and surrender of bond or proper coupon at the Hanover National Bank`; New York City, New York. Section 6. That each of said bonds shall be signed by the Mayor, counter- signed by the City Secretary, and registered by the City Treasurer, and the.. corporate seal of the City of Lubbock shall be i:.,pressed upon each of said bonds. Section 7. That the facsimile signatures of the Mayor and City Secre- tary may be lighographed on the coupons attahhecl to said bonds, and shall have the same effect as if they had been signed by them. Section 8. The form of said bonds shall be substantially as follows: No. 019000.00 UNITED STAnES OF PITERICA STATE OF TEXAS COUNTY OF LUBBOCK - CITY OF LUBBOCK WATIMWORKS BOTH, SERIES 2 OF 1925. KITOW ALL MET, BY THESE PRESEITTS: That the City of Lubbock, in the County of Lubbock, State of Texas, a numieipal corporation duly incorporated under the laws of the Sta e of Texas, for value received, hereby promises to pay to the bearer hereof on the 15th day of July 1925 the sum of ONE THOUSAND DOLLARS ($19000.00), in lawful money of the United States of America, with interest thereon from date hereof at the rate of five per centum (5o) per annum, in- terest payable semi-annually on the 15th day of January and the 15th day of July of each year, principal and interest payable upon presentation and surer render of bond or proper coupon at the Hanover National Bank, New York City, New York, and the City of,Lubbock is hereby held and firmly bound, and its faith and credit, and all real and personal property in said City, are here- by i-rr+evocablr pledged for the promj;t payment of the principal of this bond and t:le interest thereon at maturity. THIS BOND is one of a series of one hundred fifty bonds, numbered con- secutively from one (1) to one Hundred fifty (150), inclusive, in the denomina- tion of One Thousand Dollars ($19000.00) each, aggregating One Hundred Fifty Thousand Dollars ($150,000.00), issued for the purpose of extending and improv- ing the watervirorks system of this City, under and by virtue of the Constitution and laws of the State of Texas and the Charter of the City of Lubbock, Texas, and in pursuance of Ordinance No._-, adopted by the City Commission of the City of Lubbock, Texas on th,e_t,�day of July, 1925, and recorded in Book_, pageiet seq., of the Minutes of s-,Ad 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 a vote of the qualified property taxpaying voters of the City of Lubbock, Texas, voting at an election held for that purpose within said City on the 2nd day of July, 1925; that all acts, conclitipns and thi7-gs required to be done precedent to and in the issuance of this eries of bonds, and of this bond, have been proper- ly done and performed and have happened in regular and d,-e time, form and manner as required by law, that sufficient and proper provision for the levy and collect- ion of taxes has been made w'�-,,ieh when collected $ha. 1 be appropriated exclusive- ly to the payment of this bond, and of the series of which it s a part, and to payment of the interest coupons hereto annexed ae the same s'gall become due; and that t'-.e total indebtedness of said City of Lubbock, including the entire series of bonds of which t is is one, does not exceed any constitutional or statutory limitation. IN .hiITNESS MEREOF, the City of Zubbock, 'by its City Commission, has c�­.used its corporate seal, to be affixed hereto, and this bond to be signed by its Mayor, countersigned 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 ordinance above reforrecl to, being the 15th day of July, 1925. C OTJNTER `3 IOPTED : J.R. Germaai City Secretary, City of Lubbock, Te:cas. Mayor, City of Lutrbock,_Texas. .City Treasurer, My of Lubbock', Texas. Section 9. ' The form of coupon shall be substantiall as follows; �25. 00 No. ON THE 15th DAY OF $19 the . City of Lubbock, Texas, promises to -Pay to bearer at the HanoTe_rNatYon_a_.1 Bank, New York City, New York, the sum of Twenty Five Dollars ($25.00), being six months" interest on CITY OF W_"LTEM, ORKS BOIID, S";RIES 2 OF 1925, N0. , dated July 15th, 1925. J.R. Germany City 3ecretqry Mayor Section. 10. The following certificate shall be printed on the back }f each bond: OFFICE QF THE C011PTROLLER, S^lATE OF TEXAS. I HEP­EBY CT1RTIFY that there is on file and of record in my office a cer- tificate, of the Attorney.General of the State of Texas �o the effect that this bond has been examined by him as required by law ad that he finds that it has been issued in conformity witlo..the Constitution and laws of the State of Texas and the Charter of 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. WITNESS 11Y I-L,'.ND 2--ND SMIL OF OFFICE, at Austin, Texas, this the day of ,1925. Comp rol er of Public Accounts of the State of Texas. Section 11. IT IS FURTI ORDAINED BY tTHE CITY OF LUBBOCK, TEYUtS, that while said bonds, or any.of them, are outstanding and unpaid, in order to provide, for the payment of princiral of and interest on said bonds, there shall be, and there is here now levied a tax on all the taxable ,property in said' City of Lubbock, Texas, sufficient to produce the following amounts in the following years, mak- ing due allowance for delinquencies and costs of collection: o YEAR INTEREST PRINCIPAL TOTAL 1925 due 1/15/26 - 13,750.00 'T 7/15/26 - 3,750.00 039000.00 $10,500.00 1926 " 1/15/27 - 13,750.00 f1 7 /15 /2 7 - Z, 750.00 $3,000.00 $10,500.00 1927 IT 1/15/28 - 439750.00 " 7/15/28 - .3,759.00 $3,000.00 010,500.00 1928 If 1/15/29 - 3,750.00 IT 7/15/29 - 3,750.00 $39000.00 10,500.00 1929 it 1/15/30 - 31750.00 it 7/15 /30 - 3,750.00 $3,000.00 O10S500.00 1930 tt 1/15/31 - 3,750.00 11 7 /15 /31 - 3 s v50.00 03, 000.00 $p10 9 500.00 1931 it 1/15/32 - 3,750.00 IT 7/15 /32 - 39750.00 $30000.00 $101500.00 1932 IT 1/15 /33 - 3,750.00 IT 7/15/33 - a,750.00 $3,000.00 $10,500.00 1933 it 1/15/34 - 30750.00 it 7/15/34 - 39750.003,000.00109500.00 1934 it 1 /15 /3$ - 3t750.00 It 7/15/35 - 39750.00 $39000.00 010,500.00 1935 it 1/15/36 - 3,750.00 it 7/15/36 - 39750.00 $3,000.00 $109500.00 1936 IT 1/15/37 - 3, 700.00 IT 7/15/37 - 39700.00 039000.00 $109400.00 1937 1T 1/15/38 - 3';650.00 rr 7/15 /38 - 39650.00 $39000.00 010,300.00 1938 TT 1/15/39 - 39600.00 " 7/15/39 - 3,600.00 $3,000.00 $109200.00 1939 " 1/15/44 - 3,550.00 " 7/15/40 - 39550.00 $3,000.00 $10*100.00 1940 IT 1/15/41 - 31500.00 IT 7/1.5/41 - 3',500.00 $3,000.00 010,000.00 1941 IT 1/15 /42 - 39425.00 IT 7/15/42 - 3,425.00 $39000.00 99850.00 1942 It 1/15/43 - 3,350.00 1t 7/15/43 - 3*350.00 $30000.00 99700.00 1943 IT 1/15/44 - 39275.99 11 7/15/44 31275.00 $3,000.00 9,550.00 1944 IT 1/15/45 - 3,200.00 It 7/15/45 - 3',200.00 3,000.00 91400.00 8110250.00 1945 it 1/15 /46 - 3,125.00 �59000.00 t1 7 /15 /46 - 31125.00 1946 n 1/15 /47 - 3,000.00 it 7/15/47 - 3,000.00 $59000.00 0119000.00 1947 1t 1/15/48 - 29875.00 It 7/15/48 - 29875.00 $5,000.00 $109750.00 1948 " 1115Z49 - 2,750.00 tt 7 /15 /49 - 20750.00 $59000.00 $10,500.00 1949 t1 IT 1/15 /50 - 7/15/50 - 2,625.00 2,625.00 $59000.00 $109250.00 1950 " 1/15/51 - 20500.00 tt 7/15/51 - 2,500.00 $69000.00 $11*000.00 1951 1T 1/15/52 - 2,350.00 11 7/15/52 - -2,350.00 $60000.00 $10,700.00 1952 1f 1/15/53 - 29200.00 'T 7/15/53 - 2,200.00 $6,000.00 $10,400.00 1953 n 1/15/54 - 2,050.00 rt 7 /15 /54 - 91050.00 $6 , 000 . 00 $10 ,100. 00 1954 f1 1/15/55 - 1:900.00 IT 7/15 /55 - 1,900.00 $�6,000.00 $ 90800.00 1956 it 1/15/56 - 1,750.00 If 1/15/56 - 19750.00 $7,000.00 $10,500.00 1956 T1 1/15/57 # S1,57,5.00 It 7/15 /57 - 111,575.00 $7,000.00 $10.150.00 1957 rT 1/15/58 - < 1,400.00 7/15 /58 - 11400.00 $7,000.00 99800.00 1958 IT 1/15 /59 - 1,225.00 1i 7/15 /59 - 1225.00 $7,000.00 $ 9,450 00 1959 1T 1/15/60 - 1:050.00 IT 7/15 /60 - 19050.00 $79000.00 9,100.00 1960 it 1/15/61 - 875.00 TT 7/15/61 - 875.00 $7,000.00 $ 8,750.00 1961 It 1/15 /62 - 700.00 it 7/15 /62 - 700.00 $79000.00 $ 8,400.00 1962 1! 1/15/63 - 525.00 It 7/15/63 - 525.00 $7,000.00 $ 80050.00 1963 It IT 1/15/64 - 7/15 /84 - 350.00 350.00 $7,000.00 $ 70700.00 1964 It 1/15 /65 - 175.00 It 7 /15 /65 - 175. ;: 0 $p7 , 000.00 $ 71350.00 eG V x+A�- V 7 In order to produce the necessary amount for the payment of principal -- and interest on said bonds, there is here now levied for the current year upon all taxable property in said City a tax of and at the rate of eleven cents (11�) on the One Hundred Dollars' valuation, and annua ly thereafter the amount of tax shall be computed which will be sufficeint to produce the amount named in each of t!l.e years respectively, and such taxes shall be as- sessed -,and collected and when collected shall be applied to the purpose named and no other. Section 12. IT IS FURTHER ORDAINED that F.R. Friend, Mayor of said City, shall be authorized t, take and have charge of all necessary records Deriding investi.fzt ion by the Attorney General and shall take and have charge and control of the bonds herein aut'lorized pending their approval by the Att-rney General and registration by the Comptroller of Public Accounts. Section 13. The fact that the City of Lubbock is in urgent need of improvemeits in the waterworks system of said City because of the increase of people to be served, creates an emergency and an imperative public necessity that the rule requiring ordinances to be read on tvio separate days 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 immediately upon its passage and approval. PASSED, this the6th day of J„_ly, 1925. APPROVED, this the 6th day of July, 1925. or, , Citj of 1,Ut)0oCJC,Texas. ATTEST: �\\ J.R. Germany, c� City Secretary, City of Lubbock, Texas. (CITY SEAL) Upon a motion made b,'" Mr. Wolffarth and seconded by Mx. Blair Ordinance No. 308 was read and ordered passed by unanimous vote: ORDITTAITCE NO • 08 AN ORDINATTCE BY T'?r CITY CO?q�ISSION OF T_ E, CITY OF LUBBOCK, TEXAS, AUTTIORI ZING THE I -ISTJ"�XCE OF BOT•TDS FOR THE PRIG CIP - SUM OF $150 000.00 FOR THE 1TJRPOOE OF EYTET_MING :JM ITE'ROVITIG THE SA NI- TARY SEWER SYSTE!T OF SAID CITY: PROVIDING FOR THE L''VY, ASSESSN2T•TT AT'D COTLECTIOT' OF A SUFFICIElm TAX TO PAY THE I 2_71R7"ST `.T;D CRE_`.TE A SINKING FU D FOR THE REDEI,12TION OF SAID BOTTDS 11T IILTURITY: PRE- SCRI- ITTG THE FORTI OF BOT'D : AND DECTDIRING AN MIER- GETTCY OTT ACCOUNT OT THT NECE SITY "F ITrTROVF4 ,TS ITi SUCH SYS TM11 BEC: ME OF THE IITCRE_�SE OF PEOPLE TO BE 3-RVED TTTMEBY. 'HEREAS, at an election held in the City of Lubbock, Texas, on the 2nd day of July, .1925, a majority of the qualified voters, vrh.o are property tax- payers of the City of Lubbock, Texas, voting t said election sustained the pro osition to issue the bonds hereinafter described for the principal slim of K50,000.00 by a vote of 263 votes, and w]:Lich carried by a majority vote of 274 ir. favor thereof, being "For the issuance of $150,000.00 of Sanitary Sewer Bonds." THIMEFORE, BE IT ORDAINED BY THE CITY OF IUBBOCK, TEXAS: Section 1. That the bonds of said City, to be called \'1CITY OF LUBBOCK SATTITARY SE7,-R BONDS, SERIES 2 OF 192511, be issued under and by virtue of the Constitution and laws of the State of Texas and the Charter of t._e City of Lubbock Texas, for the purpose of extending and improving the sanitary sewer system of this City in the principal sum of One Hundred Fifty Thousand Dollars ($150,000.) Section 2. Th-.t said bonds shall be numbered consecutively from one (1) to one hundred fifty (150) inclusive and shall be in the denomination of One thousand Dollars (01,000.00) each, aggregating the sum of One TIundred Fifty Thousand Dollars ( 150,000.00) Section 3. That they saall be dated July 15th, 1925, and shall be come due and payable serially as fol -ows' BOTTD NOS. TUTURITY DATES. AIVTCUNTS. 1 & 20 July 15th, 1936 29000.00 929000.00 3 & 4', July 15th, 1937 5 & 69 July 15th, 1938 29000.00 7 & 8, July 15th, 1939 29000,00 9 & 10, July 15th, 1940 2000.00 11 to 13, inc. July 15th, 1941 3:000.00 14 to 169 inc July 15th, 1942 3000.00 17 to 199 inc July 15th, 1943 3:000.00 20 to 229 inc July 15th, 1944 39000.00 23 to 259 inc July 15th, 1945 39000.00 26 to 309 inc July 15th, 1946 5000.00 31 to 359 inc July 15th, 1947 :5:000.00 36 to 409 inc July 15th, 1948 5,000.00 41 to 45, inc July 15th, 1949 50000.00 46 to 501 inc July 15th, 1950 59000.00 51 to 56, inc July 15th, 1951 69000.00 57 to 621 inc July 15th, 1952 6,000.00 63 to 68, inc July 15th, 1953 6,000,00 69 to 74, inc July 15th, 1954 60000.00 75 to 809 inc July 15th, 1955 6,000.00 81 to 879 inc July 15th, 1956 7,000.00 88 to 940 inc July 15th, 1957 79000.00 95 to 101, inc July 15th, 1958 79000.00 102 to 1089 inc July 15th, 1959 79000.00 109 to 1159 inc July 15th, 1960 79000.00 116 to 1221 inc July 15th, 1961 79000,00 123 to 1291 inc July 15th, 1962 7,000.00 130 to 1361 inc July 15th, 1963 79000.00 137 to 1439 ine July 15th, 1964 79000.00 144 to 150, inc July 15th, 1965_ 70000.00 Section 4. That they shall be r interest Rt the rate of five per cen tum (5%) per anntun, payable semi-annually on the 15th day of January and the 15th day of July of eac'- year, Section 5. That the principal and interest of said series of bonds shall be payable in lawful money of the United States of America upon presentation and surrender of bond or proper coupon at the Hanover National Bank-, New York City, New. York. Section 6. That each of said bonds shag -1 be signed by the Mayor, count- ersigned by the City Secretary, and registered by the City Treasurer, and the corporate seal of the City of Lubbock shall be impressed upon each of said bonds. Section 7. That the facsimile signatures of the 11ayor and City :secretary may, be lithographed on the cou{uons attached to said bonds, and shall have the same effect as if they had been signed by them. No._ Section 8. That form of said bonds shall be substantially as follows: g,000.00 UNITED STATES OF AMER I CA STATE OF TEX".S COUT;TY OF LUBBOCK CITY OF LUBBOCK SANIT.&RY SEr'ER BOM, SERIES 2 OF 1925. KPdOVJ AIL P.TD1T BY THESE PRESE'ITTS: That the City of Lubbock, in the County of Lubbock, State of Texas, a municipal corporation duly incorporated under the laws of the State bf Texas, for value received, hereby promises to pay to the bearer hereof on the 15th day of July, 1925, the sum of ONE THOUSAND D OL IL--LR S ($1000.00), in lavrful money of the United States of America, with interest there- on from ante hereof at the rate of five per centum (5%) per annum, interest pay- able semi-annually on the 15th day of January and the 15th day of July of each year, principal and interest payable upon presentation and surrender of bond or proper coupon at the Hanover National Bank, New York City, New Yor1:, and the City of Lubbock is hereby held ana firmly both, and its faith and credit, and all real and personal property in said City, are hereby irrevocably pledged for the prompt payment of the principal of this bond and the interest thereon at maturity. THIS BOND is one of a series of one hundred fifty bonds, numbered conse- cutively from one (1) to one hundred fifty (150), inclusive, in"the denomination of One Thonsa-_d Dollars ($1.000.00) each, aggregating One Hundred Fifty Thousand Dollars ($150,000.00) , issued for the purpose of extending and improving the sanitary sewer system of this City, under and b- vittue of the Constitution and laws of -the State of Texas and the Charter of the City of Lubbock, Texas, and in pursuance of Ordinance I -To. 308, adopted by the City Commission of the City of 99 Lubbock, Texas, on the 6th day of July, 1925, and recorded in Book 3, page 390 et seq., of the rdinutes of said 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 bar a vote of the qualified property taxpaying voters of the city of Lubbock, Texas, voting at an election held for that purpose .,-:ithin said City o n the 2nd day of July 1925; that a-11 acts, conditions and things required to be done precedent ta, and in the issuance of this series of bonds, and of this bond, have been properly done and performed and have happened in r e f;ul=s and due time, form manner as required by law; that sufficient and proper provision for the levy and collection of taxes has been made W ich when cc. llected shall be appro- priated exclusively to the payment of this bond, and of the series of which it is a part, ai,d to the payment of the interest coupons hereto annexed as the same shall become due; and that the total indebtedness of said City of Lubbock, including the entire series of bonds of which this is one, does not exceed any constitutional or statutory limitation. IN WITITESS 1F=EOF, the City of Lubbock, by its City Commission,has caused its corporate seal to be affixed hereto, and t'is bond to be signed by its Idayor countersigned by its City Secretary, and registered by its City Treasurer, and the interest coupons hereto attached to be executed by the lithographed signa- tures of the Mayor and the City Secretary; the date of this bond, in conformi- ty with the ordinance above referred to, being the 15th day of July 1925. COUNT�.�IGIIED: J.R. German Ci y Secretary,, City of Lubbock, Texas. , CiW of Labboek, TF7as. REGISTERED: CITY Treasurer, City of Lubbock, Texas. Section 9. The form of couuon shall be substantially as follows: No.l� $25.00 ON THE 15TH D_i.Y OF 19 , the City of Lubbock, Texas, promises to ray to bearer at theme �zEnover etional Bank, New York City, New York, the sum of Twenty Five Dollars ($25,00), being six months' interest on CITY OF LUBBOCK SANITARY SEV,'ER BOT]D, SERIES 2 OF 1925, NO. dated July 15th, 1925. Mayor J. R . German i y ecre-ary. Section 10. The following certificn.te shall be printed on the back of each bond: OFFIC r OF TH?+ C OMPTRO TLER , STATE OF TEXAS. I HEREBY C =IEY that there is on file and of record in my office a certi- ficate of the Attorney General of the State of Texas to the effect that this bond has been exmamined. by him as re uired by law and that he finds that it has been issued in conformity with the Constitution and laves of the State of Texas arlci the Charter of the City of Lubbock, Texas, and thr.t it is a valid and binding obligation upon said City of Lubbock, Texas, and s'ai d bond has this day been registered by' me. WITNESS 1,1Y H _ITD UTD SEnL 0T' OFFICE, at Austin, Texas, this the day of 91925. CompTroller of Public cco -n s of the State of Texas . Section 11. IT IS FURTHER- ORDAINED BY THE CITY OF LUBBOCK, TEXAS, that while said bonds, or any of them, ire outstanding and unpaid, in'or *r to pro- vide for the payment of principal of and interest on said bonds, tIyere shall be, and there is here now levied a tax on all the taxable property in said City of Lubbock, Texas, sufficient to produce the following amounts in the following years, making due a'lowanee for delinquencies and costs of collection: YEAR INT7REST PRINCIP11 TOTAL 1925 due t1 1/15/26 - 7/15/26 - 63750.00 3:750.00 $3,000.00 $10,500.00 1926 " " 1/15/27 - 7/15/27 - 3,750.00 30750.00 $3,000.00 $10,500.00 1927 " " 1/15/28 - 7/15/28 - 3,750.00 3,750.00 $39000.00 $10,500.00 1928 " 'T 1/15 /29 - 7/15/29 - 3,750.00 339750.00 029000.00 010,500.00 1929 " " 1/15/30 - 7/15/30 - 3,750.00 3?750.00 $39000.00 $109500.00 1930 " 11 1/15/31 - 7/15/31 - 3,750.00 3,750.00 $3,000.00 $109500.00 1931 'T " 1/15/32 - 7/15 /32 - 3,750.00 39750,00 $3,000.00 $100500.00 1932 " tt 1/15 /33 - 7/15 /33 - 39750.00 39750,00 $39000.00 $10,500.00 1933 " 1T 1/15/34 - 7/15 /34 - 3`,750.00 39750.00 $3,000.00 10 500.00 , 1934 " tt 1/15 /35 - 1/15/35 - 3,750.00 1109750.00 $3,000.00 $10,590.00 1935 'T " 1/15/36 - 7/15 /36 - 3,31750.00 3,750.00 $3,000.00 $10,500.00 1936 " It 1/15 /37 - 7/15/37 - S39700.00 39700.00 $3,000.00 $102400.00 1937 if " 1/15 /38 - 1/15 /38 - 3,650.00 3;650.00 $39000.00 $100300.00 1938 " 1/15/39 - 7/15 /39 - 3,600.00 3,600.00 $39000.00 10,200.00 1939 'T If 1/15/40 - 7/15/40 - 3,550.00 3,550.00 $3,000.00 $10,100.00 1940 IT " 1/15 /41 - 7/15/41 - 3,500.00 3',500.00 $3,000.00 $10,000.00 1941 " If 1/15/42 - 7/15/42 - 39425.00 39425.00 $30000.00 $ 99850.00 1942 IT it 1/15/43 - 7/15/43 - 31350,00 3,350.00 $3,000.00 $ 99700.00 1943 " It 1/15Z44 - 7/15/44 - 39275.00 3,275.00 p,000.00 $ 99550.00 1944 11 " 1/15 /45 - 7/15 /45 - 311200.00 3,200.00 $3,000.00 $ 99400.00 1945 DT it 1/15/46 - 7 /15 /46 3,125.00 - 30125.00 $39000.00 1119250.00 1946 " 1t 1/15 /47 7 /15 /47 - 3000.00 - 3" 000. 00 $3"9000.00 $119000.00 1947 IT " 1/15 /48 7/15 /48 - 2,875.90 - 2;875.00 $30000.00 C10,750.00 1948 It " 1/15/49 7/15/49 - 2,750.00 - 29750.00 $3,000.00 $109500.00 1949 " n 1/15/50 7 /15 /50 - 29625.00 - 2" 625.00 03, 000.00 $109250.00 1950 " " I/15/51 7/15 /51 - 2 500.00 - ;5001,00 $3,000.00 119000.00 1951 it 1t 1/15/52 7/15 /52 - 2350.00 - 2" 350.00 $3,000.00 $10, 700.00 1952 " If 1/15/53 7/15 /53 - 2;200.00 - 2,200.00 $3,000.00 $10,400.00 1953 " n 1/15/54 7 /15 /54 - 29050.00 - 22050.00 $3,000.00 $100100.00 1954 'T IT 1/15/55 7/15/55 - 1, 900.00 - 1:900.00 $3,000.00 $ 9*800.00 1956 " IT 1/15/56 7 /15 /56 - 1,750.00 - 1, 7 50.00 $39000.00 010 , 500.-00 1956 " it 1/15/57 7/15/57 - 1 575.00 - 1;575.00 $3,000.00 $109160.,00 1957 It IT 1/15/58 7 /15/58 - 1,400.00 - 1400.00 $3,000.00 9'; 800.00 1958 'T if 1/15/59 7/15/59 - 1:225.00 - 19225.00 $3,000.00 91450.00 1959 'T ITT/15 1/15 /60 /60 - 1,050.00 - 1#050.00 $3,000.00 $ 9'0100.00 1960 'T IT 1/15/61 7/15/61 - 875,00 - 875.00 $3,000.00 $ 8,750.00 1961 " it 1/15/62 7/15/62 - 700.00 - 700.00 $3,000.00 $ 8;400.00 1962 Tr 1' 1/15/63 7/15/63 - 525.00 - 525.00 $Z,000.00 80050.00 1963 IT 't 1/15/64 7 /15 /64 - 350.00 - 350.00 3,000.00 $ 7,700.00 1964 TT n 1/15 /65 7/15/65 - 175.00 - 175,00 3 000.00 , 7,350.00 101 `1� In order to produce the necessary amount for the payment of principal and interest on said bonds, there is here now levied for the current year upon all taxable property in said City a tax of and at the rate of eleven cents (11V) on the One Hundred Dollars' valuation, and annually thereafter the amount of tax shall be computed which will be sufficient to produce the amount named in each of the yef?ss respectively, and such taxes shall be assessed and col- lected and when collected shall be applied to the ;,,urpose named and no other. Section 12. IT IS FURTHER ORDAINED that F.R. Friend, Mayor of said City shall be authorized to take and have charge of all necessary records pending investig tion by the Attorney General and shall take and have charge and con- trol of the bonds herein authorized pending their approval by the Attorney General and registration by the Comptroller of Public Accounts, Section 13. The fact that the City of lubbock is in urgent need of improvements in the sanitary sever system of said emergency and imperative public necessity that the rule requiring ordinances to be read on two separate days before final passage be suspended, and such rule is hereby zuspended, and it is ordained that this ordinance shall take effect and be in force immed- iately upon its passage and approval. PASSED, this the day of July, 1925. APPROVED this the day of July, 1925. 4 � ?,-, � �/, Z; z �* yo , City of u oc , Texas. ATTEST: J.R. German City Secretary, City off` Lubbock, Texas. (CITY SEAL) Upon a motion made by Mr. Wolffarth and seconded by Mr. Blair, Ordinance No. 309 was read and ordered passed by unanimous vote: ORDINANCE DF 309 APT ORDINANCE BY THE CITY C012.IISSIOT' OF TIT" CITY OF LUBBOCK, TEXAS, AUTHORIZING THE ISSUAITCE OF BOITDS FOR THE PRIT?CIP-II, ."?JT,I OF $50,000.00 FOR THE PURPOSE OF PAVING, DRNINIITG _LITD PEFJ.2. ,NENTLY II-TROVING THE STREETS AND AVEITES OF THIS CITY: PROVIDING FOR TIDE LEVY, ASSESSITENT 1ND COLLECTION OF A SUFFICIENT TAX TO PAY THE INT7REST 1I.?D CREATE A SIITIiITTG FUTTD FOR THE REDrITTION OF SAID BONDS AT IRTURITY: PRESCRIBING THE FORM OF BOND: ATID DECIAi.R* ING AN ET,M GETTCY C C OUNT OF SERIOUS NEED OF PER- P,UL ENT SURF_'.0 ITS G OF THE CITY HI GH?n YS AND D.LNG_M. AND I'7COTWENIEITCE FROT5 FLOOD ?'7ATERS. =EAS, at an election held in the City of Lubbock, Texas, on the 2nd; day of July, 1925, a majority of the qualified voters, who are property tax- payers of -the City of Lubbock, Texas, voting at said election sustained the pro osition to issue the bonds hereinafter descirbed for the principal sum of 950,000.00 by a vote votes, and Which carried by a majority vote of in favor thereof` , Being "For the issuance of $50,000.00 of Street mpro7e_ment Bonds." - Section 1. That the bonds of said City, to be called "CITY OF LUBBOCF STR-ET IMPROVEMENT BONDS, SERIES 2 OF 1925", be issued under and by virtue of the Constitution and lays of the State of Texas and the Charter of the City of Lubbock, Texas, for the _ ur2ose of paving, draining and permanently im- proving the streets and avenues of this City, in the principal sum of Fifty Thousand Dollars (t50_,._00.0.00 � . Section 2. That said bonds shall be numbered consecutively from one(1) to fifty (50) inclusive, and shall be in the denomination of the One Thousand Dollars ($1,000.00) each,.aggregating the sum of Fifty Thousand Dollars ($50,000.) (See Page No. 393 - For "Election Returns"..) Section 3. That they shall be dated July 15th, 1925, and shall become due and payable serially as follows: BOTTD NOS. MATURITY DILTES. AMOUNTS 1 & 2 July 15th, 1941 29000.00 3 & 4 July 1.5th, 1942 20000.00 5 & 6 July 15th, 1943 29000.00 7 & 8 July 15th, 1944 2,000.00 9 & 10 July 15th, 1945 2,000.00 11 & 12 July 15th, 1946 2,000.00 13 & 14 July 15th, 1947 29000.00 15 & 16 July 15th, 1946 29000.00 17 & 18 July 15th, 1949 129000.00 19 & 20 July 15th,*1950 2 000.00 21 & 22 July 15th, 1951 2:000.00 23 & 24 July 15th, 1952 219000.00 25 & 26 July 15th, 1953 29000.00 27 & 28 July 15 th, 1954 29000.00 29 30 July 15th, 1955, 21000.00 31 & 32 July 15th, 1956 2,000.00 X2 33 & 34 July .15 th, 1957 , 000.00 35 & 36 July 15th, 1958 2000.00 37 & 38 July 15th, 1959 2:000.00 39 & 40 Jnly 15th, 1960 29000.00 41 & 42 July 15th, 1961 29000.00 43 & 44 July 15th, 1962 2,000.00 45 & 46 July 15th, 1963 2,000.00 47 & 48 July 15th, 1964 S29000.00 49 & 50 July 15th, 1965 '9000.00 Section 4. That they shall bear interest at the rate of five per cer_tum (5�) per annum, payable se!-i-annually on the 15th, day of January and the 15th day of July of en.ch ye,-.r. Section 5. That the rrincipal and interest of said series of bonds shall be payable in lawful money of the United States of America upon presentation and surrender of bond or prcper coupon at the Hanover Nati. nal Bank, New York City, New York. Section 6. That each of said bonds shall be signed by the Mayor, count- ersigned by the City Secretary, and registered by the City Treasurer, and the corporate seal of the City of Lubbock shall be impressed upon each of said bonds. Section 7. That the facsimile signatures of the Mayor and City Secretary may be lithographed on the coupons attached to said bonds, and shall have the same effect as if they had been signed by them. No. Section 8. The form of said bonds shall be substantially as follows: UNITED STATES OF Alt' MICA S T_I E OF TEXAS COUNTY OF LUBBOCK - CITY OF 17JBBOCK STREET ILTROVEIMT BOND, SERIES 2 OF 1925. $1,000.00 KITOW ALL MEN BY TI?ESE PRE SE"7TS: That the City of Lubbock, in the County of Lubbock, State of Texas, a municipal corporation duly incorporated under the laws of the,State of Texas, for value received, hereby promises to pay to the be--rer hereof on the 15,th day of July, 19 , the sum of ONE THOUSAND DOLIA.R`� ($1,000.00) in lawful money of the United States of America with interest thereon from date hereof at the rate of five per centum (5%1 per annum, in- terest payable semi-annually on the 15th day of January and the 15th day of July of each ye-r, principal and interest payable upon presentation and sur- render of bond or proper coupon at the Hanover National Bank, New York City, New York, and the City of Lubbock is hereb heold and firmly bound, and its faith and credit, and all real and personal property in said City, are hereby irrevocably pledged for the prompt payment of the principal of.t his bond and the interest thereon at maturity. THIS BOITD is one of a series of fifty bonds, numbered consecutively from one (1) to fifty (50), inclusive, in the denomination of One 'housald Dollars ($1,000.00) each, aggregating Fifty Thousand Dollars ($50,000.00), issued for the purpose of paving, draining and permanently improving the streets and ave- nues of this City, under and by virtue of the Constitution and lays of the State of Texas and the Ch-irter of the City of Lubbock, Texas, and in pursuance of Ordinance No, 30-__ 9 , adopted by the City Commission of the City of Lubbock Texas, on the 6th day of July, 1925, and recorded in Book 3_, pa#e 393 et seq., of the Minutes of s^id 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 a vote of the qualified property taxpaying voters of the City -of Lubbock, Texas, voting at an election held for that purpose within said City on the 2nd day of July, 1925; 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 re- quired by lav; that sufficient and proper provision for the levy and collection of taxes has been made which when collected shall be appropriated exclusively to the payment of this bond, and of the series of which it is a part, and to the payment of the interest coupons hereto annexed as the same shall become due; and that the total indebtedness of said City of.Lubbock; including the entire series ,of bonds of w,,ich t1h.1s is one, does not exceed any consitutional or statutory limitation. IN "rITNESS i,IIEREOF, the City of Lubbock, by its City Commission, has caused its corporate seal to be affixed hereto, ,a.nd .this bond to be signed by its Mayor, countersigned bpi its City Secretary, and registered by its City Treasurer, and the interest, coupons hereto attached .to b-e executed by the lithographed signatures of the Mayor and City Secretary; -the date of this bond, in conformity with the ordinance above re:Cerre.d to, being the 15th d?.y of July, 1925. Mayor, City of Lubbock., Texas-. ` C OUNTER '17 I GNED : J.R. Germa 71'y Secretary, City REGISTERED: of Lubbock, Texas. City Treasurer--, City of b ock Texas.. Section 9. The form of coupon shall be substantially as;follows: No $25.00 ON THE 15TH DAY OF 1119 , the City of Lubbock, Texas promises to pay to bearer at teHanover National Bank, New York City, New York the sum of Twenty Five Dollars ($25.00) being six months-1 interest on CITY OF LUBBOCK STREET IPIE ROVET.'T;NT BOND, S71ZIES 2 OF 1925, NO. -- .. dated July 15th, 1925. WEN AM 0, EIs11'. J.R. German City ecre ary. Section 10. The following certific?.te shall be printed on the back of each bond: OFFICE OF THE C OMPTROLLZR , STATE OF TEXAS. I H7,REBY CERTIFY that there is on file and of record in my office a certi- ficate of the Attorney General of the State of Texas to the effect that this bond -.-as been examined by him as required by law.and that he finds that it has been iseued ,in conformity with the Constitution and laws -of the State of Texas and the Charter of 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. WITNESS MI' IIAND AND SEAL OF OFFICE, at Austin, Texas this the day of 19 25 . Comptroller of Public c c oun s Of theState of Texas. Section 11. IT IS FURTHER ORD-.',INED BY THE CITY OF LUBBOCK, TEXAS, that while said bonds, or any of them, are outstanding and unpaid, in ordek to pro- vide for the payment of principal of and interest on said bonds, there shall be, and there is here now levied a tax on all the taxable property in said City of Lubbock, Texas, sufficient to produce the'following amounts in the following years, making, due allowance for delinquencies and costs of collec- tion: YEAR INTEREST PRINCIPAL TOTAL 1925 due 1/15/26 - 1,250.00 $1,000.00 $3t5OO.00 If 7/15/26 - 1,250.00 1926 " 1/15/27 - 1,250.001,000.003,500.00 rr 7/15/27 - 10250.00 1927 " 1/15/28 - 1,250.00 $1,000.00 $3,500.00 it 7 /15 /28 - Sl, 250.00 1928 IT 1/15 /29 - 1,250.00 $19000.00 $3,500.00 if 7/15/29 - 1,250.00 1929 It 1/15 /Z0 - 1,250.00 111250.00 $19000.00 03,500.00 rr 7/15/30 - 10250.00 1930 it 1/15 /31 - $10000.00 $3,500.00 tt 7/15/31 - 19250.00 1931 tt 1/15/32 - 19250,00 01,000.00- $3,500.00 " 7/15/32 - 1,250.00 1932 n 1/15/33 - 12250.00 $1,000.00 $3,500.00 It 7/15/33 - 1,250.00 1933 " 1/15 /34 - 19250.00 $19000.00 $30500.00 TM 7 /15 /34 - 1, 2 5 0.00 1934 " 1/15 /35 - 1,250.00 $1,000.00 $3,500.00 " 7 /15 /35 - 10250.00 1935 " 1/15 /36 - 1,250.00 $1,000.00 03,500,00 n 7 /15 /36 - 19250.00 1936 IT 1/15/37 - 10250.00 $1,000.00 $3,500.00 n 7/15 /37 - 19250.00 1937 If 1/15/38 - 1,250.00 $10000.00 $3,500.00 if 7 /15 /38 - 19 250.00 1938 rr 1/15/39 - 19250.00 $1,000.00 �,500.00 it 7/15/39 - 19250.00 1939 It 1/15/40 - 19250.00 $1,000.00 $3,500.00 If 7 /15 /40 - 1,250.00 1940 If 1/15/41 - 1,250.00 $2,000.00 $4,500.00 IT 7 /15 /41 - 1, 250.00 1941 n 1/15 /42 - 1,200.00 $2,000.00 $4,400.00 It 7/15/42 - Sl,200.00 1942 it 1/15 /43 - 19150.00 $29000.00 049300.00 it 7/15/43 - Sl,150.00 1943 IT 1/15 /44 - 19100.00 $2 , 000.00 $4, 200.00 it 7/15/44 - 19100.00 1944 r' 1/15/45 - 19050.00 $2,000.00 $491':-',0.00 it 7/15/45 - 19,050.00 1945 IT 1/15 /46 - 1,000.00 $2,000.00 $4,000.00 it 7/15/46 - 1,.000.00 1946 It 1/15/47 - 950.00 $29000.00 3",900.00 " 7/15/47 - 950.00 1947 it 1/15/48 - 900.00 $29000.00 039800.00 IT 7/15748 - 900.00 1946 " 1/15 /49 - 850.00 $2,000.00 $3,700.00 it 7 /15 /49 - 850.00 1949 n 1/15/50 - 800.00 $2,000.00 $3,600.00 if 7/15/50 - 800.00 1950 " 1/15/51 - 750.00 $20000.00 03,500.00 IT 7 /15 /51 - 750.00 1951 r' 1/15/52 700.00 $2,000.00 V632400.00 It _ 7/15/52 700.00 1952 " 1/15 /53 - 650.00 $2,000.00 $3,300.00 rr 7/15/53 - 650.00 1953 IT 1/15/54 - 600.00 $29000.00 $39200.00 " 7/15 /54 - 600.00 1954 IT 1/15 /55 - S 550.00 02,000.00 $3,100.00 rr 7/15/55 - S, 550.00 1955 It 1/15 /56 - 500.00 $2,000.00 $39000.00 n 7/15/56 - 500.00 1956 " 1/15/57 - 450.00 $2'9000.00 $2,900.00 " 7/15 /57 - 450.00 1957 " 1/15/58 - 400.00 $2,000.00 $2,800.00 It 7/15/58 - 400.00 1958 If 1/15/59 - 350.00 $2,000.00 $2,700.00 it 7/15 /59 - 350.00 1 19%5 r' 1/15/60 - 300.00 $21000.0® $20600.00 It 7 /15 /60 - 300.00 1960 1r 1/15/61 - 250.00 $2,000.00 $2'9500.00 it 7 /15 /61 - 250.00 1961 IT 1/15/62 - 200.00 $29000.00 $2,400.00 IT 7/15/62 - 200.00 1962 It 1/15 /63 - $ 150.00 $2,000.00 $29300.00 1963 if IT 7/15/63 - 1/15 /64 - 150.00 100,00 $2,000.00 $2`0200.00 1964 If It 7/15/64 - 1/15/65 - 100.00 50.00 $20000.00 $20100.00 IT 7/15 /65 - 50.00 In order to produce the necessary amount for the payment of principal and interest on said bonds, there is here now levied for the current year upon j all taxable property in said City a tax of and at the rate of four cents (4V) on the One Hundred Dollars' valuation, and annually thereafter the amount of tax shall be computed vehich will be sufficient to produce the amount named in each cf the years respectively, and such taxes shall be assessed and collected and when collected shall be applied to the purpose named and no other. Section 12, IT IS FURTIH;R ORDAINED that F.R. Friend; May of said City, shall be authorized to take and have charge of all necess�,.ry records pending investig tion by the Attorney General and shall take and have chhrge and con- trol of the bonds here in authorized pending their approval by the Attorney General and registration by the Comptroller of Public Accounts. _J Section 13. -The fact that the City of Lubbock is in urgent need of permanent'surfac ing of the city highways, cre-.tes an emergency and an imper- ative public necessity that the rule requiring ordinances to be read on two separate days before final passage be suspended, and such rule is hereby sus- pended, and it is ordained that t is ordinance shall take effect and be in force immediately upon its passage and approval. PASSED, thi s the day of July, 1925. APPROVED, this the day of July, 1925. Mayor, City of Lubbock, Texas. An-T7ST: J.R. German City Secretary, City of Lub'ticc2c, Te:ms. ( CITY SEAL. ) Upon 'a motion made by Mr. Wolffarth and seconded by i1r. Blair, Ordinance No. 310 eras read and ordered passed by unanimous vote: ORDIIWTC E N . 310 AN ORDINANCE R_°.TIFYING AND CONFIR ZING CONTRACT F2T=ED I11TT0 BY ITD BETIUEEIT THE C TTY OF LUBBuCK TEXAS, AITD FAIRB;J,1,S, MORSE & CO.', CONTRACTOR, FOR THE FURI;ISIIIITG OF AIT ADDITIONAL UITiT FOR THE LIGHPI AI ELECTRRC T IT IN .1ITD FOR SAID CITY: AU- THORIZIITG T7E I1SUAI;'CE OF WARRAITTS IN PAYMEITT TT- REOF: LEVYIITG THE NECESSARY TAX TO PAY THE I1TTEf??EST A ITD PROVIDE A SIT:IKING FUND TO RETIRE SAID 11' RRANTS AT 1IATURITY: AND DECLLRING AN E= GENCY./ WHEREAS, the City commission of the City of Lubbock, Texas, has therefore determined the nece:-:sity for the installation of an additional unit for the des- tric light plant in and for said City, arid, in accordance with the provisions of Section 27, Article IX, of the Special Charter of said City, caused to be published in The Lubbock Avalanche an advertisement calling for bids for the furn- ishing of said unit.; and, i';IIEREAS, the City Commission received and canvassed bids and found that the bid of Fairbanks, Morse &: Co. was the best bid received, and in consequence there- of entered into a contract vith said Fairbanks, Morse &a Co. on the 4th day of June, 1925, which contract is hereto attached and made a part hereof; and, uwIiEREAS, said contract has been by this Commission duly considered and understood: NOW, THEREFORE, BE IT ORDA IITED BY THE CITY OF LTUBBOC K, TEXAS: 1. That said contract be ar_d the same is hereby ratified, approved, confirm- ed and adopted as the act and contract of said City, and the same shall be record- ed upon the T.Tinutes of this Commission, and said sum of $29,880.00 is hereby made and declared to be the lawful debt of said City of Lubbock, Texas, J 2. That, in accordance with said contract, warrants of the City of Lubbock to be called 'T CITY OF I.U'BB.` CK ELECTRIC LIGIrT PLANT WARRANTS, SERIES 1925", be issued in the sum of Twenty Nine Thousand Eight Hundred Eighty Dollars ($29,880.00) evidencing the contract price to be paid Fairbanks, Morse & Co., Contractor by said City for the furnishing of said unit in accordance with said contract. 3. That said w�?.rrants shall be numbered from one (1) to thirty (30) inclusive y 4 5 f U U and shall be in denomination of One Thousand Do7..lars ($1 000.00) each, except Warrant No. 1 shall be for Eight Hundred Eighty Dollars 1$880.00) , aggregating the sum of Twenty Nine Thousand Eight Hundred Eighty Dollars ( $29, 880.00 ). 4. That they shall be dated July 15th, 1925, and shall becore due and payable serially as follows: WARRANT NOS. MATURITY DATES. AMOUNTS. 1 July 15th, 1930 880.00 2 July 15th, 1931 1,000.00 3 & 4 July 15th, 1932 2:000.00 5 & 6 July 15th, 1933 2,000.00 7 & 8 July 15th, 1934 29000.00 9 & 10 July 15th, 1935 29000.00 11 & 12 July 15th, 1936 2,000.00 13 & 14 July 15-th, 1937 29000.00 15 & 16 July 15th, 1938 29000.00 17 & 18 July 15th, 1939 21,000.00 19 & 20 July 15th, 1940 29,000.00 21 & 22 July 15th, 1941 25000.00 23 & 24 July 15th, 1942 2,000.00 25 & 26 'July 15th, 1943 2,000.00 27 & 28 July 15th, 1944 2,000.00 29 & 30 July 15th, 1945 29000.00 5. That said warrants shall bear interest from date until paid at the rate of six per centum (6%) per annum, payable semi-annually on the 15th day of January and the 15th day of July of each yeir, which interest is a part of the contract price agreed to and shall be evidenced by coupons attached to each of said warrants. Past due interest shall bear interest at the rate of six per centum (6%) per annum from maturity until paid. 6. Principal and interest of said warrants shall be payable in lawful money of the United States of :Lmerica upon presentation and surrender of warrants or proper coupons at the Continental & Commercial National Bank, Chicago, Illinois. Said warrants shall provide that in the event of default in the payment of princi- pal or interest, and the same is placed in the hands of an attorney for collection or if collected by suit, or by legal proceedings of any kind, and additional amount of ten per centum (10i) on the -!)rincipa.l and interest t' en due shall be added as attorney's fees. 7. Said warrants may be redeemed by the City on the 15th day of July', 19260 by payment of principal and accrued interest, or they may be redear:ed by the City on the 15th day of July, 1930, by payment of principal and accrued.in- terest and in addition thereto one per centum (1%) of the principal sum, and in case they are not called for redemption on either of the above d�.tes, the options shall not be effective except as above stated. In the evert said warrants are called for redemption on either of said dates, notice thereof shall be given_ by the City Secretary of said City to the hiders either in writing or by publication in a well knovm financial chronicle published in the United States, at least thirty days prior to the date fixed for redemption, and if same are not presented for redemption, they shall cease to bear interest from and after the d'I to so fix- ed for redemption. 8. Said 1,7arra.nts shall be signed by the 'llayor, coutersigned by the City Secretary and registered by the City Treasurer, and the seal of the City s':lall be impressed upon each of said warrants. Facsimile signatures of the Mayor and City Secretary may be lithographed upon the interest coupons. No. 9. The form of warrant shall be substantially as follows: UNITED STATES OF _'L1TIERICA S TALTE OF TEXAS COUNTY OF LUBBOCK CITY OF LUBBOCK ELECTRIC LIGHT PLANT WILRRANT SERIES 1925, $1,000.00 THIS IS TO CERTIFY that the City of Lubbock, a municipal corporation in the County of Lubbock, and State of Texas, under and by virtue of a valid and subsisting contract, is justly indebted to Fairbanks, Morse & Co., Contractor, its assigns or bearer, in the principal sum of ($1,000.00) in lawful money of the United - States of America, idth interest thereon from date hereof until paid, at the rate of six per centum (6%) per annum, interest payable semi-annually on the 15th day of January and'the 15th day of July of each year; past due interest shall bear inter- est at the rate of six per centum (6%) per annum from maturity until paid; both principal and interest payable at the Continental & Commercial National Bank`, Chicago, Illinois, upon presentation a;:d surrender of vra.rrant or proper coupon; u 407 and the City Treasurer of said City is hereby authorized, ordered and directed to pay to the said Fairbanks, Morse & Co., Contractor its assigns or bearer, at the said bank, the said sum of One Thousand Dollars (j1,000.00) on the 15th day of July, 19 - , the date of maturity of this warrant, in full settlement of the indebtedness �ie'reby evidenced, from the "Special Electric light Plant Warrand Fund, Series 192511, of said City, levied, assessed and created f.or that p»rpose. THE CITY OF LUBBOCK reserves the option of redeeming this warrant on the 15th day of July, 19260 by paying principal and accrued interest, and if not redeemed on that d-2.te then it reserves the further option of redemption on the 15th day of July, 1930, by paying rincipal and accrued interest and in addition thereto a premium of one per cent lo) of the principal sum, and if not redeemed on either of said dates the options shall not be effective except as above stated, and in case same shall be called for redemption on either of said dates notice thereof shall be given the holder either in writing or by publication in a well- knovm financial chronicle published in the United States at least thirty days prior to the date fixed for redemption, and same shall ceise to bear interest from and after the date so fixed for redemption. IT IS HEREBY especially agreed that if this warrant, or any interest coupon hereto attached, is not paid at maturity, and the same is placed in the hands of an attorney for collection after maturity thereof, or suit is filed thereon, or collection made by legal proceedings of any kind, an additional amount of ten per centum (10%) on the principal and interest then due shall be added as attorney's fees. THIS WARRANT is one of a series of thirty warrants, numbered. consecutive- 1 from one (1) to thirty (30), inclusive, in denomination of One Tho,z and Dollars (i1,000.00) each, except Warrant No. 1 is for Eight Hundred Eighty Dollars ($880.00) issued for the purpose of evidencing the indebtedness of the City of Lubbock to the said Fairbanks, Morse & Co., its assigns or bearer, for the furnishing of an additional unit for the electric light plant in and for said City, in accordance with contract between said City and said Contractor, under and by virtue of the Constitution and laws of the State of Texas, and in pursuance of an ordinance duly and legally adopted by the City Commission of said City and recorded in the Minutes of said Commission. THE DATE of this warrant, in conformity with the ordinance above mentioned, is July 15th, 1925; and it is hereby certified and recited that all acts, conditions and t'_�iings re uired to be done precedent to and in the issuance of this warrant have been properly done and performed and have happened In regular and due time, form and mmmer as required by law, and that the total indebtedness of said City, including this warrant and the series of which it is apart, does not exceed any constitutional or statutory limitation. IN TESTIMOTTTY WHEREOF, the City Commission of the City of Lubbock, Texas has caused the se,.!- of said City to be hereto affixed and this warrant to be signed by the Mayor and countersigned by the City SecretaW, as of the date last above written. Mayor, City of Lu-Ibbock, Texas. COUNTERSIGITD: J.R. Germany, REGISTERED, this the day of 1925 City Secretary, City of Lubbock, Texas« City Treasurer, City o Lubbock, Texas. The form of interest coupon s'iall be substantia_ly as follows: No. $30.00 ON THE 15TH DAY OF ,19 , the City of Lubbock, Texas, vrill pay to Fairbanks, T,Torse & o., on rac or, i s assigns or bearer, at the Continental & Commercial National Bank, Chicago, Ill., the sum of Thirty Dollars ($30.00) being six months' interest on CITY OF LUBBOCK {,LECTRIC LIGHT P7ANT 01ARRANT, SERIES 1925, NO, , dated July 15th, 1925, to ,,diich t-pis coupon is attached and is a part thereof, Mayor J.R. Ge rma y�_:__ City Secretary The following assignments shall be printed on the back of each of said warrants: ASSIGNMENT. THIS IS TO CERTIFY that Fairbanks, Morse & Co. has received the within principal Electric Light Plant Warrant, and the interest coupons thereto annexed, from the City of Lubbock, Texas, and, for value received, hereby transfers, assigns sells and delivers without recourse, to 7%2L. Myrick, all right, title and interest it has in and to the same, and also the proportionate part of said contract price and the debt due it, with interest thereon, by said City, which is represented by the amount called for by this principal vrarrant and the annexed coupons; and said My rick is hereby subrog:, ted to all claims, liens, right or title whether in law or in equity, which are or may be secured to sq.id Fairbanks, Morse �',, Co., in said contract, and it hereby authorizes him to collect the same and give full re- ceipt and acquittance thereof in its name. F_,.IRB,LIIrIS, MORSE & CO., Contractor By I hereby assign, sell and deliver, without recourse, to bearer all right title and interest I have in and to the above mentioned warrant and annexed coupons 10. Said warrants shall'be executed and delivered to said Contractor on estimate to be allowed by the City Commission when said machinery has been delivered in said City of Lubbock and accepted by the City Commission. 11. IT IS FURTHER ORD._IITED that a fund be and the same is hereby ma.d.e and created and shall be set aside and designated as "SPECL,�L ELECTRIC LIGHT PIANT WARRR111T FUND, SERIES 192511, which fund w1hen collected shall be used to pay the in- terest and provide the necessary sinking fund to pay said warrants at maturity, and for no other purpose; that to create s,� id fund for the purpose of paying the interest on said warrants and providing sufficient sinking fund to pay them at maturity, a tax of and at the rate of three cents (3¢) on the �160.00 valuation of all taxable pxpperty in said City shall be annually levied., assessed and collect- ed, and said tax is here now levied for the current year, and so much thereof as shall be necessq.ryT for each succeeding ye<�.r vflii7_e said v,►arra.nts, or any of them, are outstanding and unpaid, and the same shall be annually assessed and collected and applied to the - urpc,se named. . 12. IT IS FTJRTHER ORDAIITED that in addition to the ad valorem tax levied to pay the interest on said warrants and to provide a sir.I_ing itiind to redeem them at maturity, the revenue derived from t'te operation of the lectric light plant of the City of Lubbock, Texas, or so much thereof as shall be necessary, is hereby irrevocably pledged to pay the interest and principal of said warrants at their repective maturities. 13. The fact that the City of Lubbock is in urgent need of electric light e.:tensions on account of the rapid growth of the City, cre -tes an emergency and an imperative public necessity that the rule requiring ordinances to be read at more than one meeting of the City Commission be suspended, and it is so ordained, and this ordinance shall take effect and be in force from and of ter its passage and approval. PASSED", this the 6th, day of July, 1925. APPROVIID,this the 6th, day of July, 1925. ATTEST: J.R. GERI TANY 'My Secretary, City of Lubbock, Texas. ( CITY SEIL ) F.R. FRIEND Mayor, City o Lubbock, Texas. Upon a moticn made by Mr. Wolffarth and seconded by Mr. Blair, Ordinance No. 311 was read and ordered passed by unanimous vote: ORDINATTCE ITO. Ill AN ORDIIY'.ITCE AUDI TING _,;.ND =AI,LO';TING FIITAL ESTITjMTE FILED BY THE IT :TIOT-TAL INCII +RATOR COMPANY, COITTRAC- TOR, COV77,RII'TG M=ZIAL FU'RNISI-iED AIM LkBOR PERFOR14- ED �N THE CCITSTRUCTICI" OF AN IITCITTERATOR PLANT IN AND FOR SAID CITY OF LUBBOCK, TEY2LS, A-�CORDIITG TO COITTRACT 17ITH SAID CITY: AUTHORIZING THE DELIVERY TO SAID CON- TRiC TOR OF " CITY OF =, BOCK INC INTIRA TOR PLANT S'J'ARRANTS , SERIES, 192511, ITT PAY TEITT THEREFOR: _.'SITD DECTARING AN 711ERGEITCY. WHEREAS, The City of Lubbock, Texas, heretofore, namely, on the 3rd day of 409 March 1925 entered into a contract with the National Incinerator Company, Contrac- tor for furnishing of material and labor in the construction of an incinerator p,.ant in and for said City, in accordance with specifications heretofore adopted by said City and on file in the office of the City Secretary, and in accordance with said contract, which contract is of record in the 11inutes of the City Commssion of said City; and ZTEREAS, said Contractor has heretofore presented a written account or estimate, covering material furnished and labor performed in the amount of �11,551.00 which estimate was audited and allowed and warrants in the amount of $9,818.00 exec- uted and delivered to said Contractor in payment of said estimate to that amount; and, WHEREAS, said Contractor has completed the construction of said incinerator plant and has presented Final Estimate, which is in words and figures as follows: AND, =EAS, said material and labor have been inspected by the City Com- mission of said City a:-:d found to be in accordance with the specific :.tions adopted by said City, and to be well worth the sum of 0, , the amount pro- vided in said estimate, and in behalf of said City of 1Abbock, Texas; and', VMREAS, said estimate has been duly audited by said City Commission and found to be correct; and, v7HEREAS, this Commission has been fully satisfied that the said Contractor has apid all claims for labor and material accruing agar--in.st it under said contract with the City of Lubbock, Texas, and upon investig-.tion this Commission has found that there are no accounts due against said Contractor for m_,°.terial furnished.or labor performed in the construction of said incinerator plant; THEREFORE, BE IT ORDAINED BY T1TT CITY OF LUBBOCK, TEX'-S : That said estimate covering said material and labor, aggregating the sum of 0 , which has been presented by the National Incinerator Company, Contractor, e and the same is hereby alloyed and ordered paid. That, in accordance with said contract between the City of Lubbock and said Contractor, there shall be executed and delivered to said Contractor "CITY OF LUBBOCK INCINERATOR KANT WARRATTS, SERIES 1925", evidencing the indebtedness of srid City to said Contrator in the sum of $21,000.00, being warrants numbers twenty one (21) to forty four (44), inclusive, in denomination of $590.00 each, dated Nay lst, 1925, and bearing intere t at the rate of six per centum (611ZI) per annum, authorized to be issued by Ordinance No. 294 of this City Commission, adc.pted on the 29th day of April, 1925, and recorded in Book 3, page 2� et seq., of the Minutes of this Commission. ' That said City of Lubbock, Texas, has received full value and considera- tion for said w�,.xrants. The fact that the material 'as been furnished and the laT,or performed and payment is due the Cortrator, ere tes an emergency and an imperative public necessity that the rule requiring ordinance., to be read at more than one meeting of the City Commission be suspended, and it is so ordained, and tris ordinance shall take effect and be in force from and after its pa sage and approiral. PASSED AND APPROVED, this the 14th, day of July. (Si gned) F.R. Friend Mayor, City of Lubbock, Texas. ATTEST: (Signed) J.R. Germ City -Secretary, City of Lubbock, Texas. ( CITY SEAL ) Upon a motion made by Mr. Wolffarth, seconded by Mr. Blair the follmiing Notice was ordered advertised by unanimous vote: - NOTICE TO COITTRACTORS. Sealed proposals addressed to the Honorable Mayor and City Commission of the City of Lubbock, Texas, will be received at the office of the City Secretary, City Hall, Lubbock, Texas until 3:30 p.m. of July 6th, 1925, and thereupon publicly opened, read, and considered by the Mayor and City Commis- sion for the construction of certain street improvement work, which, among other items will consist of the following approximate quantities: I 5,300 Cu. yds. excavation 11 Storm water Inlets 1,010 lin. Ft. Concrete Headers 71028 Lin. Ft. Concrete Curb & Gutter 99300 Sq. yds. 311 V.F.-Brick Pavement on Natural Base, 8,230 It IT 2LTT IT IT IT tt 411 Concrete Base. 716 Lin Ft. 24" D.S. V.T. Storm Sewer 4-6 ft. cut. 728 It Tr 181r IT IT 4-6 IT 347 TT IT 15 IT S.S. TT it 4_ 6 TT 4 Brick Manholes Complete. The Storm sewer work, consisting of the last four items, above, Will be paid for on monthly estimates in cash by the City of Lubbock, and the Xaving Work will be paid for on monthly estimates partly in cash, and in Paving Certificates and Cash on completion and acceptance of any paving unit, and according to the proportions being in use on the present paving work in the City. A certified check in the sum of $3,000.00 must be enclosed with each pro- posal as a guaranty that in case contract is awarded to him the bidder will file satisfactory surety bond on the sum of $30,000.00 and enter into contract .-ith tl-e City of Lubbock within 10 days of date of acceptance of his bid, otherwise to become forfeit to the City of Lubbock as liquidated damages. All checks must be mall payable to F.R. Friend, Mayor of the City of Lubbock. The City reserves the right to reject any or all bids, and to waive formalities. The above de- scribed work must be completed within 75 days from date of contract. The Com- m4ssion will especially consider the experience, reliability, integrety, financial standing, and mechanical equipment of the bider in making award of contract. Plans and specific �.tions may be seen at the office of the City Secretary, City Hall, Lubbock, Texas, or at the offices of Hawley & Roberts, Consulting Engineers, City Hall, Lubbock, Texas, and may be taken out on de -post of 010.00, which deposit will not be refunded. J.R. Germany, City Sec'y. F.R. Friend, Maycr Hawley & Roberts, Consulting Engrs. M.S. Ruby, City Manager. Upon motion made by Mr. 71olffarth and seconded by M . Blair, the following contract was aviarded to tl,e Panhandle Construction Company by unanimous vote: NOTE: - Contract of the above mentioned filed. Sylvan Sanders application for City Engincer was ordehed.filed. Upon a motion made by Mr. Wolffarth and seconded by T.-Tr. Blair, M.S. Ruby, -:r City P2anager's, salary was raised to Four Hundred Dollars (0400.00) per month. ksj.R. Germany, City Secretary's salary was raised to Two Hundred Fifty Dollar ($250.00) per month. There being no further business, the meeting adjourned. Read and approved this tl2e day of _ 19 ATTE6T: Mayor, City of bock. J.R. German rity ecretary, My of Lubbock. Mr. Klett was instructed to get Bond from Mr. Novrlin insuring, the removal of the compress from Foiuth Street.