HomeMy WebLinkAboutResolution - 090535A - Notice To Issue Time Warrants- Payment For Land Owned By M.G. Abernathy - 09/05/19350q05
5
RESOLUTION
DIRECTING THE MAYOR TO GIVE NOTICE OF
INTENTION TO ISSUE INTERLST BEARING
TIT,•IE WARRANTS Ill THE AT.,IOUNT OF
$24.9945.00 IN PAY11 NIT OF 332.6 ACRES
OF LAND TO BE PURCHASED FROII 1,1R. AND
MRS. M. G. ABERNATHY
INHEREAS, it is considered to the best intorest of
the City of Lubbock to purchase 332.6 acres of land out of Sec-
tions One (1) and Seventy-seven (77), in Block A, Lubbock
County, Texas, from MI. G. Abernathy and va'.fe IeIrs. 1.1ollie D.
Abernathy for purpose of public parks, and issue interest bear-
ing time viarrants; and,
WI-EREAa, it is necessary that notice be published
of such intention as required by the Bond and Warrant Law of
1931, and Acts of the Legislature of the State of Texas:
BE IT RESOLVED BY THE CITY COT 'diISSI GIi OF TIE CITY
OF LUBBOCK, TEXAS:
(1) That the Payor be,, and he is hereby, instruct-
ed
nstruct-
ed and directed to have published in a newspaper of general cir-
culation, regularly published within the City of Lubbock, Teras,
notice of intention, substantially in words and figures as fol-
lows, towit:
NOTICE OF INTENTION TO ISSUE INTEREST
BEARING "CITY OF LUBBOCK ABERNATHY PARK
WARRANTS, SERIES 1 OF 1935" IN THE AMOUNT
OF $24..945sOO IN PAYI11ENT FOR 332.6 ACRES
OF LAND OUT OF SECTIO1v OT" (1) AND SEV-
ENTY-SEVEN (77), IN BLOCK A, LUBBOCK
COUNTY, TEXAS, TO BE PURCHASED FROI!I T.I.G.
ABERI'rATHY AIvD WIFE IrIRS. IIIOLLIE D. ABR-
NATHY.
Notice is given treat on the Z day of September,
1935, the City Commission of the City of Lubbock, Texas, will
pass an ordinance authorizing the issuance of "City of Lubbock
Abernathy Park Warrants, Series 1 of 1935" in the amount of
24,945.00, bearing five (5%) per centum per annum, interest
payable annually on the 20th da;• of August, w�Lich interest
shall be evidenced by coupons attached to said warrants.
Option to pay all or any of said warrants on any interest
paying date shall be reserved. The serial maturities shall
be as follows;
WARRANT NUMBERS
MATURITY
DATES
AMOUNTS
1
Aug.
202
1936
01000,00
2
A.ug.
20,
1936
01000.00
3
Aug.
20,
1936
1000.00
4
Aug.
20,
1936
1000.00
5
Aug.
20,
1936
1000.00
11000,100
6
Aug.
20,
1937
7
Aug .
20,
19371.000
.00
6
Aug.
20,
1937
1000.00
9
Aug.
200
193710
11000.00
Aug.
20,
1937
11
Aug.
20,
1938I"1,500.00
12
Aug.
20,
1936
31000.00
13
Aug.
20,
1938
1000.00
InO00.00
14
Aug.
20,
1938
^1000.00
15
Aug.
20,
1938
1000.00
16
17
Aug.
Aug.
20,
200
1939
1939
5"1000.00
18
Aug.
20,
1939
1000.00
19
Aug.
20,
1939
1000.00
20
Aug.
20,
1939
1000.00
21Aug.
20,
1940
Y1000.30
22
Aug.
20,
1940
11000.00
23
Aug.
20,
1940
1000.00
24
Aug.
20,
1940
1000.00
25
Aug.
20,
1940
945.00
Said warrants are to be executed by the City- of Lub-
bock and delivered to M. G. AbernathS7 and wife Mrs. Mollie D.
Abernathy in payment of 332.6 acres of land in Sections One
(1) and Seventy-seven (77), Block A, in Lubbock County, Texas,
for purpose of acquiring said lands for use as public parks.
Said 332.6 acres is described as follows;
BEGIN IING at the southwest corner of Section 1, Block
A, Certificate 26, Patent 336, Lubbock Counts-, Te. -las,, for the
southwest corner of this tract; Thence north along the west line
of said Sec. 1, Blk. A, a distance of 4468.3 ft.; Thence F1. 39 deg.
16t E. 1182.6 ft.; Thence N. 46 deg. 541 E. 175.0 ft.; Thence N.
52 deg. 291 E. 166.0 ft.; Thence S. 22 deg. 28t E. 785.0 ft.;
Thence Td. 36 deg. 191 E. 123.0 ft:.; Thence N. 27 deg. 2.4t E. 554.4
ft.; Thence S. 83 deg. 181 E. 477.0 f t.; Thence S. 1 deg. 571 W.
1538.0 ft.; Thence S. 7 deg. 10t E. 440.0 ft.; Thence No 45 deg.
49t E. 520.2 ft.; Thence S. 25 deg. 111 E. 275.7 f t.; Thence S.
40 deg. 421 Id. 589.0 ft.; Thence S. 13 deg. 10t E. 540.0 ft.;
Thence S. 23 deg. 161 E. 571.0 ft.; Thence S. 29 deg. 41t E. 450.0
ft.; Thence S. 52 deg. 041 17,o 324.0 ft.; Thence S. 29 deg. 341 E.
212.0 f t.; Thence S. 65 deg. 471 E. 700.0 ft.; Thence N. 48 deg.
461 E. 520.0 ft.; Thence S. 60 deg. 161 E. 364.3 ft.; Thence a.
34 deg. 131 1:1. 1159.6 ft.; Thence S. 130.0 ft* to the south line
of Sec. 1, Blk. A; Thence west 3695.0 ft. along the south line
of Sec. 1, Blk. A, to the place of beginning, containing 332.6
acres.
If at any time, before the 21st day of September,
1935, being the fixed date for the issuance of said Nvarrants
as aforesaid, as many as ten per centum (10;) in number of the
qualified property taxpaying voters of the City, whose names
appear on the last approved ta.� rolls as property tax payers,
petition the governing body to submit to a referendum vote the
question as to the issuance of bonds for such purpose, then
such governing body of the City shall not be authorized to make
said expenditure, and shall not purchase said land, or finally
award said contract unless the proposition to issue bonds for
such purpose is sustained by a majority of the votes cast at
such election; upon the filing of such petition, the Board of
Commissioners shall, at the next meeting thereof, order an
election to be held in said City to determine whether or not
said proposed bonds shall be issued; but, in the event no
such petition is filed, the Board of Commissioners shall pass
and adopt all necessary orders and resolutions authorizing the
issuance of the proposed warrants and providing for their pay-
ment, and will execute all contracts or other instruments ne-
cessary to the purchase of said land for use as public parks.
Published by order of the City Commission of the City
of Lubbock, Texas, this 5th day of September, 1935.
ATTEST:
r
Mayo Pr Te :, (i ty of Lubbock,
Texas
City ecretary
(2) That said notice shall be published in the news-
paper designated once each meek for at least two weeks, the
date of the first publication to be made not less than fourteen
(14) days prior to the date fixed for the passage of said ordi-
nance and the letting of said contract.
(3) Said notice shall provide for the acceptance of
bids, the purchase of said land, the passage of said ordinance
and the execution of said .,varrants on the 2/-74 day of aeptem-
ber, 1935.
(4) The Mayor and City Secretary are instructed and
directed to do any and all things necessary and/or convenient
to carry out the purpose of this resolution.
Passed, adopted and approved this $- day of Sep-
tember, 1935,
ATT:�ST
City Secretary
Mayor City of Lubbock, Texas