HomeMy WebLinkAboutResolution - 031635B - Election For Natural Gas System Bonds - 03/16/1935 Best Available Scan
RESOLUTION 2ALIAW FOR SL" CTI:JN
IFATURAL GJk5 51MM BONN
Be it rememberdd that at a regular meeting, of the City Commission of the
City of Lubbock, Texas, all members being present,, held in the City of
Lubljock, TeyaD,, on kfarch 16, 1935, it was duly moved by -k.J* lAichardsont
held
by Geo. .L:J* Bensonp unanimously carried, that an election be
neld iiAhe amity of luboock, Texas, at which election the follmring
-,roposition shall 'he submitted and voted on:
"L;h'ID/the City Commission of the City of Lubbock, Texas, be authoriz-
ed to issue 'bonds of the City of kv bock in the sum of '319300j,000.00,
mnturing serially over a reriod of years not to exceed 40 years f z m their
datet beiring Interest 'it n rate not to exceed five per cent per annum,
payable annu'allyq maturities and rite of intersst to be fixed by the City
Colydnissi,,)nq�and. to levy ,.i tax sufficient to pay the interest on said bonds
�.nd create a sinking fund :sufficient to redder.,i them at maturitys for the
purpose of acquiring, rurchasing, constructin,�,, esta-biishindq maintaininge
and operating a rlublic uti, ity,, to,, ,it,, a natural. G,�aB viystemq within or
.rithout the City, or bothp including all landq right of tray, eauenuento,
contracts, lurassest privileges, i-Tellsj reservuirs, Laaterii-lsq swppiieu,,
and other facilities necess"�r
I , 7 for the y,roducti,,nt transrortlitionodis-
tribvtiong *nd delivery of natural gas within or without the City of
Lubbo-ek for -vur case of -r,rovidin::--,, said City of Lubbock with tYe ownership
over-4.ti:)n of a natural gas syfAem to supply itself and its inhabi-
tants °-,ith natural gas, under the provisions of the Conztitutiu,,, and
1pws of the otate of Texas and the Charter of the City of Lubbock".
Said election shall be hold in the City Hall in the City of Lubbock,
Texasj, on Thurs,-'ayq April 18, 19359 in accordance ith the election
larTs of said ';-),tate and City, and Geo, ',o Foster, ,'. - ; . "r) a ; 1 e w a n d 11 .B
-
Smith re ;Hereby appointed managers _tind Judges of said election.
All voters who favor the proposition to isave said. bands shall Inve
1".1fritten or printed on their ballots the words. -
"'WOR T11i; ISSU,`4.NCE JF )1ATTJRVL GAS 61Y,0371ijj BURS 11; Th-�:, UF
3
,%tnot000.00 THE IZVY UY TAX IN PAUENT THT, .1.5AFOR"o
And thoi3e opposed do the prorositi,�n to issue said bonds shall have
�vritter. or printed on their 1L)ajlot:-;, the !7_)rds-.
"AGAI.h"O'T TH& IU,,; A1~ OF hATURAL GAS SY`3T'W,14 13!,,KDS 11' TTB
30090eO,00 AND THE '_:R VY )F TAX IN FAIPIVIT.NT TnTU1,
'FOR".
Copy of this resoluti�nj si-,ned b,.r the Mayor of the City of .1'_ubbockp
and, ttested by the City -Jecretary of said City,, shill serve as a proper
n
notice of s=,id electi,-,n. The Mayor is hereb-7 auth-orized and directed to
cause such notice of election, that is, copy of thd-s resolution so
signed .nd atte!-Ited,, to be posted at the City ftall in the City of J41bbockt
Texas# for tl_irt,
,/ days prior to the date of ,vch electi-.)n,, and also
causse ouch notice of el�ectiun to be-,ublished in some newspaper of general
circulationg continuously :kn.d regularly rub fished in -Tub,:ock for at least
one yetir before d,ate of first publicn.tion,, ince each week 1"or f�:�ur
consecutive weeks preceding, said election, the fir -.it -publication to be
ma0e -it least tbirt,. Anvs before the date of said. election.
Ma -.-or r4-1'oas dwar4sv and Conmissi ,ners ..Je - ichards on, Geo. 3enson,
-1 rice -,}md J*C, '.Royalty,, voted "Yea" upon the adoption of' the
foregoing res,,,lution, no one voting "Kay".
Passed and approved thlis 16th day of March# 1935,
!lose fldw-irds
MaY079 i f ,,ub ockv
ATTBSTs Texas*
W 03tevens
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i -t- 9eeret-.r, 'j,ty of 1.ubbockp
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