HomeMy WebLinkAboutMinutes - City Council - Regular - 10/24/19350
o�
REGULAR MEETING.
Lubbock, Texas, October 24, 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 Uity Hall,
j the followingmembers thereof being
g present, to -jai t:
Mayor Ross Edwards, Commissioners J.C.Royalty, W.B.Price, A.J.
Richardson, City Attorney E.L.Klett, City Manager W.H.Rodgers and
City secretary-,:.O.Stevens.
Absent: Commissioner J.C.Royalty and Uity Secretary W.O.Stevens.
The Minutes of Regular Meeting of October 10, 1935, were read and
upon motion by Commissioner Richardson, seconded by Commissioner
Price, they were unanimously approved.
RESOLUTION
RESOLUTION AUTHORIZING THE CITY TAX COLLECTOR TO EXECUTE
AND DELIVWR RECEIPTS AND RELEASES OF PAVING LISNS CREATED
FOR STREET IMPROW�,MENTS
Be it remembered that at a regular meeting of the City Commissiol
of the City of Lubbock, October 249 1935, a quorum being present,
it was duly moved by Commissioner W.B. Price, seconded by
Commissiorer A.J. Richardson, unanimously carried, that the City
Tax Collector be and be is hereby authorized and directed to
execute, acknojiiiledge and deliver proper receipts and releases
covering the payment of all paving liens that may have been or may
be created by contract or ordinance against any property for street
improvements in said City. All such receipts or releases hereto-
fore executed b,.- said City Tax Collector are hereby ratified and
confirmed.
ATTEST:
;fir H Rodge rs
Acting City Secretary.
(Seal)
Ross Edwards
Mayor
City of Lubbock Resolution
Requesting that Division No. 3 of the Plans and Specifications
Lubbock Light and Power Plant Additions Docket No. 8367 Engineers
Reference No. 7310 be done by rorce Account.
BE IT REMEMBERED that on this the 24th day of October, 19350
at a R-gular meeting of the Uity Commission of the 'City of Lubbock,
Texas, it eras moved by Commissioner �;'.B. Price, seconded by
Commissioner A.J. Richardson, unanimously carried, that the City
of Lubbock, Texas, desires to do that part of the work as outlined
by Division No. 3 of the Plans and Specifications of the Lubbock
Light and Power Plant Additions Docket No. 8367 Engineers Reference
No. 731C be done b-- Force Account.
Passed and approved this the 24th day of October, 1935.
ATTEST:
Iff H Rod ers
Acting Uity Secretary.
(Seal)
Ross Edwards
Mayor
RESOLUTION
City of Lubbock
Concerning Certain Securities Deposited by
Citizens National Bank of Lubbock, Texas.
BE IT R IMTBE'RED: 'That on this 24th day of October, 1935, at a
Regular Meeting of the City Commission of the city of Lubbock, Texas,
a quorum being present, it was duly moved by Commissioner W.B. Price,
and seconded by Commissioner A.J. Richardson, and unanimously agreed
1,4
that the Citizens National Bank of Lubbock, be, and it is hereby
authorized to withdraw from the rfirst National Bank of Fort `d orth,
Texas, the following described securities deposited by the Citizens
National Bank of Lubbock, Texas, with the Yirst National Bank of
Fort '-.7orth, Texas, for the purpose of covering deposits of the
said City, as more fully shown by ordinance No. 528, passed and
approved on the 24th day of January, 1935.
1 - 5,000 - #18944D
3 - 109000 - #s 69141A - 42B - 43C
2 - 7/8% Treasury Bonds of 1955/609, dated 3/15/35, interest due
March and September 15th. September 159 1935, s.c.a.-�35,000.00
Together -=rith all coupons attached to the foregoing bonds.
This resolution is passed for the purpose of releasing the fore-
going securities for the reason that the total amount of deposits
have decreased more than the face amount of the securities
herein released, and for the reason that the amount of securities
retained exceed the total amount of the city's deposit in the
said bank, the securities remaining pledged being ample to meet
the requirements of law and of the city commission.
Passed and approved this 24th day of October, 1935.
ATTEST: W H Rodgers
Acting City Secretary.
(Seal)
RE S OLUT I O N
Ross Edwards
Mayor
BE IT RIXEIBERED: That the Citizens National Bank o'f Lubbock
placed with the First National Bank of Fort North additional
securities to cover the guarantee of the City's funds, and upon
motion by Commissioner Price, seconded by Commissioner -Richardson,
carried unanimously, that the Uity accept the additional securities.
'YHEREAS, by Ordinance No. 528, passed and approved on the 24th
day of January, 1935, The Citizens National Bank of Lubbock, Texas,
was selected as the Depository of the funds of the City of Lubbock,
Texas, to be secured by Deposit of permissible securities under
the Statutes of this State, and
"'HERPAS, the said 'he Citizens National Bank has placed with the
First National Bank of Fort Worth, Fort Worth, 'Texas, securities
for the purpose of covering deposits of this City with such
depository in compliance with such selection and said Ordinance
No. 528, -which said securities are described as follows:
3 - �10,000 #1733C-34D-35E 2 3/47. Federal Farm Mtg.
1 - 59000 #1307H Corp. Bonds, dated 3/l/35 335,000.00
due 3/l/42
Interest due March & September 1st.,
March 1, 1935 and 9-c.a.
which are held to the joint account of the Depository and
this City for indemnity to the amity;
Now, therefore, BE IT RESOLVED by the City Commission of the
City of. Lubbock, Texas, that the City of Lubbock, Texas, does here
ratify and confirm such deposit and the terms thereof, and the
individual securities as being acceptable and in compliance with the
ordinance selecting the depository, insofar as the face of such
securities do not exceed the sums of the City on Deposit with said
The Citizens National wank of Lubbock, Texas.
Passed and approved by unanimous vote of the City Commission, this
the 24th day of October, 1935.
A T 72,1 S T :
Ross Edwards
Mayor
'.A' H Rodgers
Acting pity Secretary.
(Seal).
Motion by Commissioner Price, seconded by Commissioner Richardson,
carried unanimously, the rent on office space for Debts Adjustment
Resettlement Administration,_ab.s°egst of $15.00•per.Itontk, the
County paying 310.00 and the City -5.00, through the County -pity
"elfare Association, was approved.
This being the day set to receive bids for building additional
offices in the Police Department, whereupon bids werVopened,the
following bids received:
'fir. G.Mc-Mi11an
J. B. Maxey
�133.95
194.00
After due consideration, upon motion by Commissioner Price,
seconded by Commissioner Richardson, carried unanimously, contract
was awarded to G. McMillan.
Estimate was submitted for engineering expense in preparing plans
and specifications for the new gas system, and upon motion by
Commissioner tlichardsons seconded- by Commissioner Price, carried
unanimously, Uity Manager W H Rodgers was instructed to
proceed with plans and specifications for the -uistribution System
at an estimated cost of approximately 31200.00. This work to be
done as soon as possible.
Mr. C.E. Maedgen, President of the Lubbock National Company, came
before the City Commission, and submitted the following proposal
for purchase of the '�192009,000.00 Revenue Bonds for Natural Gas
Pipe Line oystem.
Lubbock, 'Texas,
October 249 1935.
A PROPOSAL BY LUBBOCK NATIONAL COhIPANY FOR �1,2009000.00 REVENUE BONDS
To the Honorable Mayor
and City Uommissioners
City of Lubbock, Texas
For your legally issued revenue bonds in the sum of .'1,200,000.00
voted on October 39 19359 bearing a rate of interest not less
than q per cent payable semi-annually in New York and Lubbock, we
offer par plus accrued interest, on these conditions:
There must be no litigation pending questioning the legality of the
issue, nor the power of the City to construct the line, or system.
The contracts of the city, in all matters, must be subject to our
approval in form and personnel; and the '-ity shall furnish before
seeking to deliver, in sufficient time for our verification,
estimates and contracts to indicate such line, system, revenue and
bonds are sufficient for the purpose indicated and to liquidate the
same within the life of the bonds before their several maturities,
with their interest. All moneys paid for such bonds shall be
earmarked and used only for the contract.
Until the foregoing is furnished, and free of litigation, we will
not be obligated to pay over any moneys; when the approved contract
is let; we will pay the bonds on estimates furnished by the
engineer, subject to verification; if litigation is begun at any
time during; the work, which would affect the legality of the
bonds or their lien, or any basis of issue by the Iity, we reserve
the right tocease and to withhold payments until such deterrent is
removed. All bonds to be placed in escrow, when we approve the issue
and contracts, and it is understood that the par and interest we
agree to pay means such sum calculated up to the day of escrow
and no further.
Should you accept this proposal, you are to evidence such by
legally signed instrument, duly authorized by ordinance.
Yours very truly
LUBBOCK NATIONAL COIDTP ANY
By d E Maedgen__,
President.
No further business coming up for consideration, the "ity
Commission Recessed to meet November 129 1935, at 1 P.M.
35 .
Read and approved this ��_ day of ___ _,�•
Mayo r
kTTEST:
n-MnMOV'Wr 'DMf'_TTT AV VV TTTT(1