HomeMy WebLinkAboutMinutes - City Council - Regular - 3/16/1935RECESSED RTGULA.R MEETING.
Lubbock, 'Texas, Idarch 16, 1935.
The City Co -emission of the City of Lubbock, '&exas, met at 9 11.h1.
in Recessed Regular cession, Recessed from Regulgr Meeting of
March 1''19 19'35, it the Regul^r Meeting; Flac_� in the City Hall,
the folio,^ping members thereof being r-resent, to -exit:
Mgyor Ross Edingrds, Commissioners J C Royalty, A.J. hichardson,
Geo. E. Benson, "oB. Price, City Attorney E.L. Klett, �%ity Manager
'!-,'.H. Rodgers and City Secretary`111.0. Stevens.
Assent: None.
RESOLUTION CALLING FOR ELECTI-DN
NATURAL GAS SY�;TEU: BOEDS
Be it remembered that at a regular meeting of
the City Corgmission of the City of Lubbock, 'Texas, all members
being -present, held in the City of Lubbock, 'Texas, on TiLarch
169 19359 it was duly moved by A.J. Richardson, seconded by
'seo. E. Benson, unanimousl�r cRr.ried, that an e ection be held
in the City of Lubbock, 'Texas, at �.lrhich electi n the following
br.o,:osition shall be submitted and voted on:
"Shall the City,.Commission of the City of Lubbock,
Texas, be Puthorized to issue bonds of the City of Lubbock
in the sum of �1,300,000.00, maturing serially over a period
of years not to exceed 40 -years frozw6heir date, bearing in-
terest at a rate not to exceed five per cent per annum, pay-
-1ble annually, maturities and rate of interest to be fixed
b;% the City Commission, and to levy a tax sufficient to pay
the interest on soid bonds and create a sinking fund suffi-
cient to redeem them at maturity, for the purpose of acquir-
ing, purchasing, constructing, establishing, maintaining,
and operatin- a public utility, towit, a natural gas system,
1-ithin or without the City, or both, including a111and,
richt of wny, easements, contracts, leases, privileges,
-ells, reservoirs, materials, supplies, and other facilities
necessary for the production, transportation, distribution,
,and delivery of natural gas within or fithout the City of
Lub^ock for rurpose cf rrovidin�J said City of Lubbock Yrith
the wnrnership and operation of a natural gas system to sup-
101
ply itself and its inhabitants �Tith natural gas, under the
provisions of the Constitution and laps of the State of 'Texas
,nd the Charter of the City r-)f Lub )ock".
Said election shall be held in the City Hall in/he
City of Lubbock, Texas, on 'Thursday, April 18, 1935, in ac-
cordance •:,ith the election laws of said State and City, and
Geo 'Y Foster, W.E. Ballew -md R.B. amith are hereby appointed
managers and judges of said election.
All voters 1r,ho favor the proposition to issue said
bonds shall have --ritten or printed on their ballots the words:
"FOP. THE ISSU.kYCF OF NATTIRAL GAS SYSTEM BONDS I1�1' THC'
SUIi OF U,300,000.00 AND THE LEVY OF TAX IN PAYICENT THJPTuOR" .
and those opposed to the proposition to issue said bonds shall
have written or printed on th5ir ballots the words:
'rAGAIY ST THE I SSL W. CE :)F N kTUR1L GAS SYSTF,11 FONDS IZ, THE
SUIS OF $1, ;300, 000.00 ^I.ND THE IE VY OF TAX I.F PAY1.'FNT TH REFOR".
Copy of this resolution, signed by the Mayor of the City of
Lubbock, and attested by the City Secretary of said City, shall
serve as r ;.goner notice of said election. The Mayor is hereby
quthoriz. ed and directed to cause such notice of election,, that is.,
co,.y of tl-is resolution so signed and attested, to be posted at the
City Hall in the City of Lubbock, texas, for thirty days prior to
the d--te of such election, and also cause such notice of election
to be rublished in some newspaper of general circulation, con-
tinuously and rer*ulgrly published in Lubbock for at least one year
before date of first publication, once each "peek for four consecuti-ve
reeks preceding; said election, the first publication to be made at
least thirty days before the date of said election.
Mayor Ross Edwards, and Commissioners A.J. Richardson, Geo. r'.
Benson, '-,!.B. Price and J.C. Royalty voted IrYea" upon the adoption
of the foregoing resolution, no one voting "Nay".
Passed and approved. this 16th day of March, 1935.
Ross Ed',U-irds
Ida yo r
City of Lubbock, Texas
ATTEST:
0 Stevens
City Secretary, Cit., of Lubbock,
fex-is.
(Sea.l )
Igo further business corning up for consideration, upon motion by
Cor-missioner Denson, seconded by Commissi ner Royalty, carried
unanim usly, the City Co -mission Recessed to meet March P29
19359 at 9:30 A.M.
Read and ap-nroved this 24__— day of 1935.
gyor
TT T
City Secr ary. --