The URL can be used to link to this page

Home My WebLink AboutMinutes - City Council - Regular - 3/14/1935RrGUi.AR hidEETING. Lubbock, Texas, March 14, 1935. The City Commission of the City of "Lubbock, 'Texas, met at 1:30 P.M. in Regular Session at the Regular Meeting Place in the City Hall, the following members thereof being present, to --Tit: Mayor Ross Edwards, Commissioners J C Royalty, A J Richardson, Geo L. Benson, `." B Price, City Attorney E L Klett, City I.`M- ager `J H Rodgers and City Secretary "1 0 Stevens. Absant: None. The Idlinutes of Regul=a.r Meeting of February 28th, 1935, were read and upon motion by Commissioner Price, seconded by Commissioner Royalty, they -sere unanimously approved. ` b-*e Minutes of Accounts allmred from 7iarrant No. 11887 to '."arrant No. 1213R, both inclusive, were reed and upon motion by Commissioner Royalty, seconded by Commissioner Price, they vraere unanimously approved and ordered signed. City Man-ger W H Rodgers was instructed to get prices on new engines for the Electric Light Plant and submit same to the City Commission as soon as possible. Motion b-T Co-^-missiorer Price, seconded by Co:-missior er Royalty, carried unanimously, that the automobile policy of 7!.A. Izard for oper-ticn of 'Taxicabs is hereb-T approved. DeMitt electric Company presented account to the City for damage caused b ,T the overflowing of the stand pipe on 19th Street, in the amount of ')62.75, and upon motion by Commissioner Henson, seconded by Commissioner Richardson, that the City pay claim ith the under- standing that D0,litt Electric Company fix roof of their buiidin.-. ✓Resolution Ordering Election to Vote -Bonds to build Natural G-1s System i Moved by Commissioner Rich:a.rdson, seconded by Commissioner -Benson, unanirmoi:sly carried, that City Election be held on 'Thursday, April 1R, 1935, in City Hall, of `-,ity of Lubbock, 'Texas, for the pror_ositioi- of the issuance of serial bonds in the amount of One Million. 'Three Hundred Thousand ($l,3009000.00) Dollars, payable not exceeding 30 years at rate of not to exceed 57o per annum and to provide .for levy sufficient taxes to create required sinking fund and pay interess�io pay, said bonds. This Resolution shall take effect and be in force from and after its passage. Passed a-nd approved this the 14th day of luarch, 1935. Ross Edwards ATTEOST : 17 0 Stevens _ City Secretary. Upon motion by CoYlmissicner Price, seconded by Uommissioner Ro ralty, carried unanimously, the follot;ring Resolution was adopted. R E S O L U T I O N ":`HRREAS, by Ordinance No. 528, passed and approved on the 24th day of Janu=iry, 19359 The Citizens National Bank of Lubbock, // Texas, teas selected as the Depository of the funds -of the City 7' of Lubbock, Texas, to be secured by deposit of permissible se- curities under the Statutes of this State, and "'HEREAS, the said The Citizens National Bank has placed with the First National 'I'ank of r'ort ''orth, Fort s;gorth, texas, securities for the purpose of covering deposits of this City vrith such depository in compliance irrith such. selection and said Ordinance No. 5289 which said securities are described as follows: -- 8 - 1000.00 City of Lubbock '7aterworks Extension -bonds 57o dated 2/11 29 #14 due 2/11/43, 415, due 2/11/44 - ##16 due 2/11 45illi, t17 due 2/11/46 - ##18 due 2/11/47, ##21 due 0?/11/50, ##27 due 2/11/56, #29 due 2/11/58 �8,000.00 Interest due Feb. c,nd AUg. 11 "'ith. Ata�Tust ll, 1935 and subsequent coupons att-ched. 12 - 1000.00 City of Lubbock Street Improvement Bonds, dated 9/11/29 57, #91, due 9/11/58, ##28 due 2/11/439 r'32 dated 2/11/44, ;.37-38-39 due 2/11/45, ##40,41-42-43 due 2/11/469 ##44-45 due 2/11/47 Interest due Feb. and Aug. llth �12,000.00 '..7ith August 11, 1935 m d subsequent coupons attached. 24 - 1000.00 City of Lubbock runding Bonds Ser. 1927 - 5% D-ited 5/20/27 with 5/20/35 and subsequent coupons attached. Yos. 32-35 incl. 41-44 incl. - due 5/20/40 .;os. 46-49 incl. due 5/20/41 No. 107-112 Incl. due 5/20/45 No. 121-126 Incl. due 5/20/46 �24,000.00 Int. due May 8- Nov. 20 3 - 1000.00 f#7 - 8 - 9 U ity of Lubbock Sewer Extension Sewer Bonds Ser. A of 1929 i� 39000.00 Dated 2/11 /29, Due: Nos. 7-2/11/ - 1943 Nos. 8 - 2/11/45 - No. 9-12/11/47 'Zith 8/11/35 and subsequent coupons attached. Int. due Feb. and Aug. 11 3 - 1000.00 Nos. 18-19-20 City of Lubbock Sewer Extension. -bond Sr. B of 1929 5% - Dated 8/l/29 - due 2/l/48 - 49 § 39000.00 "ith R/15/35 and subsequent coupons attached. Int. due Feb. and = vg. 1st 1 - 500.00 ##26 City of LUY-ock, Incinerator Plant Warrant Ser. 19-25 6% 500.00 Dated 5/1/19259 due 2/1/19419 =rith 8/1/35 and subsequent coupons att^ched. Int. due Feb. and Aug.lst. 1 - 1000.00 ##103 City of Lubbock 6% Street Imp. .Bond D1000.00 Dated 7/5/1920, due 7/1/1942 "ith Interest coupons 7/1/35 and subsequent coupons attached Int. due Jan & July 1st 3 - 1000.00 ##s 31-33 incl. City of Lubbock Street imp. Bonds Ser. 1912-15 5% - Dated 2/20/259, due 2/20/36 - with 8/20/35 and subsequent coup- ns attached $3;000.00 Int. due Feb. and Aug. 20. 7 - 1000.00 #s 66 - 70 Incl. 113 - 114 City of Lubbock Street Im.p. Bonds Ser. 1924 - 51% 37,000.00 Dated 5/1/1924 No. 66 - 70 Incl - due 4/10/35 h.o. 113-114 due 4/10/40 - "ith 4/10/35 and subsequent coupons att-..cred. int. due Arril and Oct. 10. ~ 99 0 ' 1 - 1000.00 City of Lubbock 57c Sewer "ond y#40 - dated 2/15/1911, due 2/15/1951 �1,000.00 '`'ith 8/15/35 and subsequent coupons attached Interest due Feb. and Al;g. 15. f 2 - 1000.00 ##s 16-17 City of Lubbock '�:ater'4,rorlcs Bonds Ser. 1925-57o Dated 2/20/259 due 2/20/36 "'ith 8/20/35 and subsequent coupons attached ;52,000.00 Int due Feb. and lsug. 20 1 - 1000.00 ##25 City of Lub'oock ilaterworks 3ond Ser. 1922 52% dated 8/l/2?9 due 2/l/37 5;ith P/1/35 and } subsequent coupons attached. $10000.00 [ Int. due F9b. and ;Lug. lst 12 - 1000.00 City of Lubbock atreet Imp• fonds Ser. 1929 576 #19 due 2 - 11 - 1940 - ##46-47 due 2/11/47 #82 - 83 due 2/11/1956 - ##88-89-90 due 2/11/58 $12,000.00 #96-97-98 - 99 due 2/11/60 Int due Feb and �-Lug llth Aug. 119 1.935 and subsequent coupons attached. 2 - 1000.00 City of Lubbock City hall Bonds 52TO # 17-18 dated 12/20/239 due 6/20/44 - with 6/20/35 and subsequent coupons attached -;� 20000.00 Int due June and Dec. 20 2 - 1000.00 ## 7 - 8 City of Lubbock Elec. Light and POIlTer System 3onds Ser. 19239, dated 12/20/23 - due 6/20/42 �^Tith 6 / 20/35 and subsequent coupons attached ; 2,000.00 Int. due June and Dec. 20 1 - 1000.00 {#19 City of Lubbock Viaterworks Extension -bond { Ser. of 1929 Dated 2/11/299 due ?/11/48 with 8/11/35 and subsequent coupons attached 5% } 1,000.00 i Int. due Feb. and -u;. 11 1 - 500.00 #88 City of Lubbock 6% Street Improvement Bond dated 7/5/209, due 7/l/39 - with 7/1/35 and subsequent coupons attached 500.00 Interest due: Jan and July lst 4 - 1000.00 City of Lubbock, jtreet Improvement -13on,)s Series A of 19?9, dated 2/11/29 with 8/11/35 and subsequent coupons attached ? 4,000.00 #s 33-34-35 due 2/11/44 #s 36 due 2/11/45 Int due Feb. and Aug. llth 8 - 500.00) 3% Federal Farm T-iIortgage Corp. ponds of 1944-49 21 - 1000.00) �259,000.00 Dated 5/15/349 due 5/15/49 with 5/15/35 and subsequent coup-)ns attached Int. due hlay and November, 15 40 - 100.00 20 - 500.00 3, Federal F, rm T"i ortgage Corp. .fonds of 1944-49 61 - 1000.00 dated 5/15/34 due 5/15/49 �759000.00 "With May 15, 1935 and subsequent coupons attached. Int. due Tfay and Yov• 15 �1 which are held to the joint account of the Depository and this City for indemnity to the City; 1vowq therefore, RPE IT RESOLVED by the City Uo-mmission of the City of Lubbock, Texas, that the City of Lubbock, 'i'exas,do- es here ratify and confirm such deposit and the terms thereof, and the individual securities as being acceptable and in com- pliance --ith the ordinance selecting; the depository, insofar as 100 the face of such securities do not exceed the suns of the city on Deposit --ith. said The Citizens National 13a,nk of Lubbock, Texas. Passed and approved by unanimous vote of the City �orlmissi,-n, tYi the 14th day of March, 1935. _ Ross Edwards mayor. ATTEST: W 0 Stevens City Secretary. I\o further business coming up for consider-:tion, upon motion by Commissioner Price, seconded by Commissioner Royalty, the Gity Commission recessed to meet March 169, 19.35, at 9 A.M. Rend and arrrover. this day ofLl�� 1935. ttest: 0 A� ,.j -f 2, City `� c et.ar C f e y J