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HomeMy WebLinkAboutOrdinance - 247-1924 - Affirming And Ratifying Two Certain Ordinances Concerning Bonds. Ord 243, 244 - 02/20/1924Feb.~., 19----..,.---J City Co~ssion met in continuation of meeting o£llnd. of Feb. With the follo'Wing present: Tf-- , H. G. Love, Ma yor pro-tem, Commissioners, J. 0. Jones a.nd W. S. Posey Geo. c. Wo1:t"farth·. ~ '~.A. So?;der,C1 ty"A tt• y; .:M. · s. Rub'y Ci·ty Mgr. The following business with others were had to-wit: The following vote of City Corr.mission. Ordinanc / An Ordindnce affirming and ratif certain Ordinances of this City enacted December 20, 1923, concern ~ng the form of bonds and tax levies, and other particulars connect~d therewith, being Ordina.nces No. 243 and 244; and Ordinances amendatory thereto enacted January 30, 1924, affect- ing the rate of taxation, and declaring an emergency account of the need of funds from said bond issues; Be it Ordained by the City Commission of the City of Lubbock, Texas. WHEREAS, on 12th of .Bteh..ruar.:'l.f924, the Ma y or of tt.is City, Percy Spencer died, ana the office of Mayor became vested in Commissioner No. 1, H. G. Love as Mayor Pro Tempore, and a question has been raised because the 11 aye" and" Uay" vote was not shown as to the aooption of said Ordinances and amendatory Ordinances thereto. and Whereas, one Commissioner was absent from each of said meetings of December 20, 1923, and January 30, 1924, there~ore. Be it Enacted - Section 1. That the entire Commission now living of this City, hereby ratifies, confirms and adopts the actions of the City Commission of this City of December 20, 1923, in rassing, and the Mayor in approving, Ordinances Nos. 243 and 244 wherein it was ordere<l that $50,000.00 in Electric Light and Power Bonds be issued, pres~ribing their form and requisites, and levying of tax to discharge same, and of $75,000.00 in City Hall Bonds, to be issued, prescribing their form and requisites ana laving of tax to discharge same, and the Ordinances of January 30, 1924, wherein the above Ordinances were amended by levying for 1924 a tax rate of ten cents on each one hundred dollars for interest and sinking fund on the Light and Power Bonds, an d of fifteen cents on t he one hundred dollars, Vdluation to pay interest and sinking funds on the City Hall Bonds, and declaring said Ordinances to be binding and pledge ~he credit of this City. · Section 2. That fact that the attorneys for the purchaser of such Bonds is not willing to approve the same, thus the City is unable to get the proveeds of the sale thereof ~nd the urgent need for such montes creates and emergency and public necessity that the rule of the Charter requiring an Ordinance to be read at two several meeting s before passa e, be, and the same is hereby s u spended, and this Ordinance adopted at the meeting of its introduction, an d it is so ordered. Passed and approved by 4 vote "aye" and no votes "nay'' this 20 day of February, 1924. --- H. G. Love Mayor Protempore and Commissioner No 1, City of Lub bock, Texas. I 0 -- ., Feb.~h., 1924. Cit/ Comndssion met in continuation. of meeting o~ FebJ~. with the fo~lowing present: H. G. ~ve. Mayor Pro-tem, Comm1.ss1.oners, J. o. Jones lllld tJ . s • .Posey Geo. c.· .. ·wo~f;farth,R.l.~ Sowdpr.City A.t t 1 y ; 1<\. 1f. Ruby , Cit~ Mgr . The following business with others ~h~-to-wit: The following Ordin3nce w~s pass®d imous vote of City Commission. -:'<'17 Ordin·1nce ~. An Ordinance affirmjng an~ ratifying two certain Ord1n3nces of this City enacted Decem ber 20, 1923, concerning the form of bonds ann tax levies, ~nd other particula rs connected therewith, being Ordinances No 243 'md 244; and Ordin!lnces amend a:tory thereto enaeted January 30, 1924, affecting t he rate o f taxa tion, ~nd ~eclar1n an emergency account of tbe need of fU n ds from said bond issues: Be it Ordained by t he Citv co~esion of the City of Lubbock, Tex a s. \lREHEAS , on 12th of Febru~r:r 1924, the Mayor of this City, Peroey Spencer, died, and the o~f1ce of Mayor became vested in Commissioner llo. 1, H. o. Love as :Mayor Pre Tempore. and a. question ha.s been raised because the "aye" and "na~ vote was not shown as to the adoption of saiCI Orilinances and amendatory Ordinances thereto, and Whereas, one Commissioner was absent from each of said meetings of December 20, 1923, and J~uary 30, 1924, therefore. Be it Enacted - Section 1. That the entire Commission now living of tihs City. hereby ratifies, confiros and adopt s the actions of the City Commission of this Citv of December 20, 1923, in passing, and the Mayor in ap- :p roving, Ordin..mces llos. 243 and 244 wherein it \"las ordered th.lt $50,000.00 in Electric Light & Power Bonds be is s ued, prescribing their form and requ1ei tea, :..1 n d levying of tax to d1 sch!ir$e same, and of $75,000.00 in City Hall Bonds, to be issued, prescribing their form und requisite ~ and laving of tax to discharge same, ~nd the Ordinances of January 30, 1 9 24, wherein the above Ordinance were amended by leving for 1924 a tax r a te of· ten cents on each one hundred dollars for interest and sinking fUnd on the Light and Power Bonds, Jno of fifteen cents on the on e hundred doll.a.rs, v J.lU-..ltion to J6Y interest md sinking funds o n t h e Cit" Hal·l Bonds, and declaring s a io Ordin!lncea to be binning !lnd p ledg e the credit of this Citv. Section 2. That f~ct the attorneys for ·the purchaser of such Bonds is n ot willin ~ to approve the same. thus the City is unable to get the p roceeds o f the s ale thereof and the urg ent need for such monies, crea tes ~na emergency anc public necessity that the rule of the Charter requiring ~n Ordinance to be read at two several meetings before p~ss­ age. be, .ncl the sa.me iS herebv su~pend.ed, ood this Ordinance aaopted at the oeeting of its introduction. and it is eo ordered. Passed and approved this 20thday of February, 1924. 4 vote "aye" and no votes "I!ay" H. G L ov e . ua.vor Protempo e and Commissioner No 1, Cit v of Lubbock, Texas.