HomeMy WebLinkAboutMinutes - City Council - Special - 2/28/1975I
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SPECIAL CITY COUNCIL MEETING
FEBRUARY 28, 1975
The City Council of the City of Lubbock, Texas, met at 12:00 Noon in the
regular meeting place at City Hall, the following members thereof being
present, to -wit:
Mayor Roy Bass, Councilman Dirk West, Councilwoman Carolyn Jordan, Council-
man Alan Henry, Councilman Bryce Campbell, City Manager N. B. McCullough,
City Attorney Fred O. Senter, Jr., and City Secretary -Treasurer Treva Phillips.
Absent: None
75-34-115-252 Motion was made by Councilwoman Jordan, seconded by Councilman Campbell,
(1) motion carried, Mayor Bass, Councilmen West, Jordan, Henry and Campbell
voting Yea, none voting Nay to pass Ordinance No. 7042 on second and final
reading.
ORDINANCE NO. 7042
AN ORDINANCE by the City Council of the City of Lubbock, Texas, authoriz-
ing the issuance of $1,370,000 'CITY OF LUBBOCK, TEXAS, GENERAL OBLIGA-
TION BONDS, SERIES 1975,' dated March 15, 1975, for the purpose of making
permanent public improvements, to -wit: $389,000 for constructing im-
provements and extensions to the City's Waterworks System; $651,000 to
constructing street improvements in and .for said City, including the
acquisition of necessary right-of-way for expressways and other streets;
and $330,000 to acquire, improve, or both, land for park purposes for
said City; prescribing the form of the bonds and the form of the interest
coupons; levying a continuing direct annual ad valorem tax on all
taxable property within the limits of said City to pay the interest on
said bonds and to create a sinking fund for the redemption thereof and
providing for the assessment and collection of such taxes; enacting pro-
visions incident and relating to the subject and purpose of this ordi-
nance; and providing an effective date."
75-34-115-253 Motion was made by Councilwoman Jordan, seconded by Councilman West, motion
(2) carried,' Mayor Bass, Councilmen West, Jordan, Henry and Campbell voting
Yea, none voting Nay to pass Ordinance No. 7043 on second and final reading.
ORDINANCE NO. 7043
"AN ORDINANCE by the City Council of the City of Lubbock, Texas, authoriz-
ing the issuance of $6,400,000 'CITY OF LUBBOCK, TEXAS, ELECTRIC LIGHT
AND POWER SYSTEM REVENUE BONDS, SERIES 1975,' dated March 15, 1975, for
the purpose of extending or improving, or both, the City's Electric
Light and Power System, as authorized by the General Laws of the State
of Texas, particularly Article 1111 et seq., V.A.T.C.S.; prescribing the
form of the bonds and the form of the interest coupons; pledging the net
revenues of the City"s Electric Light and Power System to the payment of
the principal of and interest on said bonds; and enacting provisions
incident and relating to the subject and purpose of this ordinance; and
providing an effective date."
NO FURHTER BUSINESS COMING UP FOR CON DERATION, THE CITY COUNCIL ADJOURNI
FROM SPECIAL MEETING, February 28, 1975.
ROY BAS , MAYOR
ATTEST:
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Treva Phillips, Cty secretary -Treasurer
READ AND APPROVED THIS THE 27th day of March 75.
ROY -t , MAYOR
ATTEST:
L
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ips, Cifi Secretary -Treasurer