HomeMy WebLinkAboutMinutes - City Council - Regular - 5/14/1927Lubbock, Texas, May 14th, 1927
REGULAR MEETING :
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The City Commission met at 3:30 PM in re.ular session recessed from May
12th, 1927 with the following ptesent :
Mayor Pink L. Parrish, Commissioners S. S. Posey, J. 0. Jones, J. H.
Hankins, and A. V. Weaver, City Attorney E. L. K1ett, Supt. of Util-
32
Ordinance
No. 376
authorizir
issuance c
5650,000,
Funding
Bonds.
ities dd. H. Perkinson, and City Secretary G. `N. McCleary.
Y
Per. W. A. Myrick, Sr. was present and stated that he had prepared proper
ordinance authorizing the issuance of the $650,000.00 funding bonds, as.
authorized by election May 3rd, 1927, said ordinance being Ordinance No.
376, entitled "AN ORDINANCE; BY THE CITY COTaIISSION OF THE CITY OF LUBBOCK,
TEXAS, AUTHORIZING THE ISSUANCE OF,1, ONDS FOR THE PRINCIPAL SU12 OE' $650,000.00
FOR THE PURPOSE OF FUNDING CERTAITd� �[iTSTAFdI?ING INDEBTEDNESS OF SAID CITY;
PROVIDING FOR THE LEVY, ASSESSMENT AND COLLECTION OF A SUFFICIENT TAX TO
PAY THE INTER33T ON SAID BONDS AND TO CRATE A SINKING FU`TD TO REDEEM THMI
ATMA`rURITY; PRESCRIBING THE FORM OF BOND; AND DECLARINX AN EMER NENCY."
Commissioner Posey moved that the ordinance be placed on its first read-
ing; seconded by Commissioner Jones, and carried by the following vote:
Yeas: Commissioners nosey, Jones, Weaver and Hankins.
Nays: None.
Carried; placed on first reading.
Commissioner Jones moved that the ordinance pass first reading; second-
ed by Commissioner Weaver, and carried by the following vote:
Yeas: Commissioners Posey, Jones, adeaver and Hankins.
Nays: None.
Carried; ordinance passed first reading.
Commissioner deaver moved that the rules be suspended and that the or-
dinance be placed on second reading; seconded by Commissioner Hankins,
and carried by the following vote:
Yeas: Commissioners Posey, Jones, rdeuxer and Hankins.
Nays: None.
Carried; ordinance placed on second reading.
Commissioner Hankins moved that the ordinance pass second reading; second-
ed by Commissioner Weaver, and carried by the following vote:
Yeas: Commissioners Posey, Jones, Weaver and Hankins. '
Nays: None.
Carried; ordinance passed second reading.
Commissioner rosey moved that the ordinance be placed on third and final
reading; seconded by Commissioner Seaver, and carried by the following
vote:
Yeas: Commissioners Posey, Jones, ydeLxer and Hankins.
Nays: None.
Carried; Ordinance placed on third reading.
Commissioner Hankins moved that the ordinance pass third and final reading;
second by Commissioner Jones, and carried by the following vote:
Yeas: Commissioner Posey, Jones, vdeaver and Hankins.
Nays: None.
4a,V.or,,Parrish then..:deelared the ordinance finally passed, paid,opdinanee
being recorded in Ordinance`"600`TTo. `i, Pale " 26;- et` "eq. , of the Minutes
of the City Commission.
Upon motion by Tyr. Weaver, seconde-T`Wf-j"pnes;" tie City Uomm ssl'on re-
cessed until 9 AM, Monday, May 16th, 1927.
READ AND APPROVED On the day of A.D. 1927.
Mayor
ATTEST:
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Ate/ U
City a cretary
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