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HomeMy WebLinkAboutOrdinance - 205-1922 - Calling For Election. Determine Iuf Bonds Shall Be Issued. - 06/08/1922W Ordin e, No.'2 0 b- An ordinowe calling for an election whereby the duly gnelified voters of the City of Lubbock, Tom" , et ermine if bonds of thisCi in the ma of,D00.00 shall be issued by t for the pqTose of building, extendi im rovin t satyr works �tyst+em ofWe City of �ucbb ao am fixing, the rate of interest each bonds shall 6e said bonds to be able serially begiaaing are from their date and to mature all boxes zrty years from their date, levying a tasty pay the interest aid sinking fond tgereou to cpiscberge same at their several maturities fixi a date for such ebctio4 appoinng officere to hold some, providinngg for notices thereof and firs a polls pZsme and deddsrig an emergency account of insufficnent water supply. Be it Ordained by the City Council of the City of Lubbock, Teees; election One. That an election shallm.be held at the office of the City Secretary of tHY-Vahall iRed of Lubbock. Texas, wherebythe properl property-taxti r ppayirng voters ONAIM determine if boadi .. this Gitz to the amount of $50-OOD.00 shall be issued or the purpose of building, exrtendiu iM wing twater mores tam of the Qi o f boo . Texas, on theaof July, 19, at the ns�xal h®nrs for 001'dii-ag elections and r t e general of this State, and W. S, l 5c., a IT i -f4 . w� hereby anointed as. jndgas o hold enoh election, comornaable to the laws regulating same. Section Tyro. If a xqjWly of such voters voting therm# shall vote in favor of the issuance of Bonds there shall be issued and sold by t�i City eud amount f�bonft.all to be datL tm6the " day of3922* andoov.m. lear interes a a ra a cot greater e ix pa�r o e nttxm er ennum, oD"- 1 som.i- annually an the first days and of each year there er 1 e o e are severalV retired; such bonds shall mature as f o a : Not 1 ' 2 an the irst,�f 19 cad the two in nmY c order stall ,tnre on the first day of &A 19269 and continuing twv bonds nee �n rder a IMon tfie first day said montlL,un it , whenBonds No. shall mature thereafter one ond each year in eorsecutive order until all have matured. Section Three. In the event said p�oppi ti on ar shall ory, as mentioned in $ectron Q# 1. Page 2 of W. W. Bond or4".a for El.action, a tax will be levied on all iroperti in t1ie City.subject to taxation, sufieiento pay the interest and create a sinking fund to retire each bond, as the saw shall mature. Section Four. The MMor of this City axed the City Secretary ereo , ehal duly authenticate a sopy of this Vraname and cause the sme to be pablsh ed as provided by law for notices of bond eleatiow in come R aper published within thin Oil , and. the�1 cation shall continue until�ae notice nc been perfected, and at the election those during to rats in *aver of the isswaos of quob Bonds a� shall have wr t ten or printed on their a-everal ballets "Yor the issuance of 'dater Forks Bonds in the sm of 00,000.00 and leVID39 a tear sufficient to pa the iniereat an create, a sinks f o sad retire same" those 0 osedo as being issued ahali have written or printed on their several ballots !Against the Issuance of Water Works Bonds in the suns of $54 ;000. oo and loving a tax aufficie t to ppay the interest and create a sin>£ing fug to pair and retire sane", Section. live. The fact that the City in not adegaate7y sup lied �►ith water for domestic oomswpptJLC*. or fire prevention arestes an enme nc and public necessity that 4a rule of the UnWer requiring an Crdiapance to be read at two several meets before e�atmont shall be suspended and that Me Trdinande shall be passed effective at the meeting of its Introduction and first reading, wA it is so ordered. 1 0 ab t to t $� 1922. day©x, `i of Lubbock, 'Tests City o cLubbbooU. Teout. The state f Tam" C p of bboek, 'fie Pe ray ape er as � as City as etary of he City i6ipel oration do here I a true correct' opt► of ved the Ci 04mi l of e, 1922 t its appe from t e Minute of so ---�..; and tha same was ilea ,i wituesa o hands the this .icne, 1� City creAaaky "ty, of L b ok a!` a No ion o exi gnlar meet Ci ter Val j 0� sat yor GqzVAq .at the foregoing pawed CiOF CA _U91an P" Tote .0 city ty of *k