HomeMy WebLinkAboutResolution - 090832 - Regarding Fire Insurance Rates - 09/08/1932sol
REGULAR MEETING.
Lubbock, Texas, September 8, 1932.
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 City Hall, the following members thereof being
prearnt, to -wits
Mayor J.J.Clements, Commissioners Geo. E. Benson, Jno. E.
Roach, and J.C. Royalty, City Attorney E.L. Klett, City
Mnn,ger W.H.Rodrers and City Secretary J.L. Holt.
Absent: Commissioner J.F.Bacon.
Minutes of Regular Meeting of August 25th were read end
upon motion b•- Mr. Roach, seconded by Mr.Royalty, they
were unanimously approved.
the Minutes of Accounts allowed from Tarrant 7963 to �:arrgnt
No. 7993, both inclusive, were read and upon motion by —r.
Roach, seconded by Mr. Royalty, they were unanimously
approved and ordered signed by the Mayor and City Secretary.
II
RESOLUTION REGARDING
FIRE INSURANCT, RATES
Motion by Mr. Benson, seconded by Mr. Roach, duly carried,
the City Commission endorses the petition of complaint by
Policy Holders' Rating Bureau to the Board of Insurance
Coi.anissioners of Texas, dated July 6, 1932, requesting a
revision in its rules, as sponsored by the League of texas
Municipalities.
J.J. Clements
Mayor .
J.L. Holt
City Secretary.
( SEAL)
Motion by Mr. Benson, seconded by Lr. Roach, c-rried
unanimously, Mayor J.J.Clements, City Attorney E.L. Klett,
and City Mana Ter ':+.H. Rodgers were appointed as a committee
to work out a satisfactory arrangement with Lir. Ross Edwards
end the Contractor on the Kress Building, pertaining to
blocking the sidewalk.
"Motion by Lir. Roach, seponded by Mr. Royalty, carried unani-
mously, the Depository Bond with the Citizens National Bank
was approved. Mr. Benson being present, but not voting.
The State of Texas
County of Lubbock
VIHEREAS, the City Commission of the city of
Lubbock, Texac,, accepted the bid of The Citizens National
Bank of Lubbock, Texas, on July 28, 1932, as Depository
of City Funds for the ensuing two years, agreeing to
Pay One and one-half per centum annual intere::t, computed
and credited monthly, on daily balance, to the several
funds, agreeing to give bond as provided in Art. 2560 of
the Civil Statutes of Texas:
Therefore, the Citizens National Bank, of Lubbock,
Texas, the above depository, with the other subscribers
as sureties, are held and firmly bound unto the Uity of
Lubbock, Texas, a municipal corporation, in the full and
penal sum of 'Three hundred thousand Dollars, CONDITIONED
that such depository will faithfully perform all the duties
and obligations devolved by law or ordinance upon said
depository, and for the payment upon presentation of all
checks drawn upon said depository by the City Treasurer,
or other proper officer, whenever any funds shall be in
said depository applicable to the payment of said check,
and that all funds of the city shall be faithfully kept
b-- said depository, and with the interest thereon accounted
for according to law; and for any breach hereof action may
be maintained at Lubbock, Texas.