Loading...
HomeMy WebLinkAboutMinutes - City Council - Regular - 1/18/1941RECESSED REGULAR MEETING. Lubbock, Texas, January 18, 1941. The City Commission of the City of Lubbock, 11exas, met at 11 A.I,i. in Recessed Regular Session, Recessed from Regular 1,eeting of January 9, 1941, at the Regular Meeting Place in the City Hall, the following members thereof being present, to -wit: Mayor C E Slaton, Cornmissionerq W.G.PYicT:i.11an, W.B. Price, Hub Jones, City manager v+ H Rodgers and city Secretary Lavenia Williams. Absent: Commissioner ioner Garland Newsom. RESOLUTIOIN CAWASSING RETURNS AND DECLARING RESULT OF ELECTION THE STATE OF TEAS Q I CITY OF LUBBOCK 0 COUNTY OF LUBBOCK ON THIS the 18th day of Januar , 1941, the City Commission of the City of Lubbock, Texas, convened in ecessed Re--ular session, at the regular meeting place thereof in the City Hall, the following members, to -wit: C.E. Slaton, W.B. Price, ;d. G. McI_-illan, Garland Nei SOL, Hub Jones, 1/lay or Commissioner No. 1; Commissioner No. 2; Co. missioner No. 3; Commissioner No. 4; being present, and the following absent: Commissioner Newsom#_and among other proceedings had, were the following: Commissioner McMillan offered the following resolution to the City Commission and moved its adoption: TJ'1HuREAS, under and by virtue of a resolution and order duly passed b.- the City Commission of the Oity of Lubbock, Texas, on the 26th day of 1aecember, 1940, an election was held in said City on the 14th day of Janua , 1941, on two propositions for the issuance of the bonds of saidr�ity of Lubbock, Texas, as follows: PROPOSITION NUI.-MER 1 "SHALL the City Commission of the City of Lubbock, Texas., be authorized to issue bonds of said City in the principal sum of SEVENTY-FIVE THOU I(AND DOLIARS (475,000.00), maturing serially within five (5) years from their date bearing interest at a rate not exceeding THREE PER CENTUi,i (3%) Per annum, payable semi-annually, and to levy a tax on all taxable property in said City sufficient to pay interest on said bonds and provide a sinking fund with which to pay the principal at maturity, for the purpose of constructing improvements and extensions to the viaterworks System of said City, as authorized by the constitution and laws of the State of Texas?" PROPOSITION NUPJIBER 2 "SHALL the City Commission of V,e City of Lubbock, Texas, be authorized to issue bonds of said City, in the principal sum of One Hundred seventy -Five Thousand Dollars ($175,000.00), maturing serially within five (5) years from their date, bearing interest at a rate not exceeding THREEPER CENTM.1 (3%) per annum, payable semi- annually, and to levy a tax on all taxable property in said City sufficient to pay interest on said bonds and provide a sinking fund with which to pay the principal at maturity, for the purpose of constructin improvements and extensions to the Electric Light Plant of said 1,ity, as authorized by the Constitution and laws of the State of Texas?" AND&MREAS, on this the 18th day of January, 1941, same being a Recessed Regular session of the City commission, there came on to be considered the returns of said election; and, r'F�EREAS,upon consideration of the returns of the said election , it appears that the same was in all respects legal- ly held, after due notice had been given, and that the said returns were duly and legally made; and, WHEREAS, it further appears from said returns that in respect of Proposition Number 1 there were cast at said election 211 votes, of which number 159 votes were cast *FOR THE ISSUANCE OF IXWER 1ORKS MIPRO VIM:ENT BONDS AND THE LEVYING OF A TAX IN PAYfiENT THEREOF, "and 52 votes were cast "AGAINST TIME ISSUANCE OF WATERWORKS IIiPROVMMU BONDS AND THE LEVYING OF A TAX IN PAYIkIIVT TM-E RE OF" ; and, r,HEREAS, it further appears frog said returns that in respect of Proposition Number 2 there were cast at said election 210 votes, of which number 146 votes were cast "FOR THE ISSUANCE OF ELECTRIC LIGHT PLAT IMPROVEi+IENT BOND'S AND THE LEVYING OF A TAX IN PAYMENT THERE OF," N and 64 votes were cast "AGAINST THE ISSUANCE OF ELECTRIC LIGHT PLANT IMPRO VEi:ENT BONDS AND THE LEVYING OF A TAX IN PAIMENT THEREOF"; 'THERE FORE, BE IT RESOLVED BY THE CITY COT.21ISSION OF THE CITY OF LUBBOCK, TEXAS: I. That the proposition to issue the Waterworks Improvement Bonds, in the sum of 475,000.00, and levy an annual tax sufficient to pay the interest on said bonds and to provide the required sinki-ig fund to redeem them at maturity, was sustained b a majority of the qualified property taxpaying voters of the ity of Lubbock, `texas, who own taxable property in said City and who had duly rendered the same for taxation, voting at said election, and that the Oity Commission of the said City is authorized to issue said bonds and to levy and have assessed and collected said tax, for the payment of the principal and interest of said bonds at maturity t:iereof. II. That the proposition to issue the Electric Light Plant Improvement Bonds, in the sum of $175,000.00, and levy an annual tax sufficient to pay the interest on said bonds and to provide the required sinking fund to redeem them at maturity, was sustained by a majority of the qualified property taxpaying voters of the City of Lubbock, Texas, who own taxable property in said City and who had duly rendered the same for taxation, voting at said election, and that the City Commission of the said City is authorized to issue said bonds and to levy and have assessed and collected said tax, for the payment of the principal and interest -of _said bonds at maturity thereof. The above resolution having been read in full, the motion of Commissioner McI.1illan was duly seconded by Commissioner Jones. `thereupon, the Mayor put the motion to a vote of the members of the City Commission of the ity of Lubbock, with the request that as many as favored the resolution to vote *AYE", and all t:ose opposed to vote "NO"; the followi-ig members of the Commission, to -wit: Mayor Slaton and Commissioners Price, McMillan, and Jones voted "AYE"; and none voted "NO". The Mayor declared the motion carried and the resolution adopted. PASSED AND APPROVED, this the 18th day of January, 1941. C E Slaton _ Mayor, Uity of Lubbock, Texas. Attest: Lavenia 'Ij l liams Doty Secretary, City of Lubbock, Texas. (City Seal) No further business coming up for consideration, the City Commission adjourned. Read and approved this the 27th day of _January N, 1941. MAYOR. Aut9wtX, hffilf City -Secretary.