HomeMy WebLinkAboutOrdinance - 376-1927 - Authorizing The Issuance Of Bonds For Principle Sum $650,000 - 05/14/1927..... -!::-: 17
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ORDINANCE AUTHORIZING ISSUANCE OF THE BONDS.
THE STATE OF TEXAS)
l
Ciff OF LUEBOCK)
l
CO'O'Bff OF LUlIBOCK}
On thb the I,~ of Ma3', A. D. 1927,
ot Lubbock, !«ms, convened in ~
Cit:, of Lubbock, ~exa.s., a.11 memb ~its
Pink L. Parrish., Ma.yor,
w. s. Posey, )
J. o • .rones, )
A. v. Weaver, )
the City Commission of the City
session in the City Hall, in the
J. H. Ha.Zlkins,
and G. W JiicCleary,
I Commissioners,
City Secretary-,
being present, and, among other business transacted, the follOlfing ordinance was pass~,
-<-.,.AN ORDINANCE :BY THE CIT! COMMISSION OF THE CITY OF llIBBOCK, TEXAS, AUTHOR-
IZING THE ISSUANCE OF BONDS FOR THE ?RINCIPAL still OF $650,000.00, FOR THE Pt:mPOSE OF
EUN:DING CERTAIN VALID OUTSTANDING INDEBTEDNEOO OF SAID CITY'.s Ill PROVIDING FOR THE LEVY,
.ASSESSMENT AND COLLmTION OF A SUFFIOIEiT TAX TO PJ.Y THE IliTEREST ON SAID ]()Nl>S AND TO
CREA.TE A SINKING 11UND TO REDEEM THEM AT MAroR!TY: FRESCIUBING THE OOD4 OF BOND: AED
DECLARING AN :EMERGENCY." '-..,,_
Comnission~r ~ IO<)~ that the ordinance be placed 011. its first
reading; seconded by Commissioner ..:._-c:~..:;;.-~=;...x.--• and carried by the following vote: '
YEA.Ss Cormnissionere Posey, Jones, Weaver and Hankins.
NAYS: None.
Carried; placed on first reading.
Commissione~ .:::-moved that the ordill&ll.ce pass tiffl readiJlg;
seconded by Commissione./ , and carried by the following votes
YEAS: Commissioners Posey-, Jones, Weaver and Hankins.
NAYSs None.
Carried; ordinance passed first reading.
Commiasionerd~ moved that the rules be ~~ended, fi\Dd. _;hat the
ordinance be placed on second re&ding; seconded by Commissioner -~~=11::111::,:;e:.~irz-•• &l1d
carried bJ" the following votes
YEAS1 Commissioners Posey, Jones, Weaver and H&Dk:ina.
liAYSs None.
Carried; ordinance placed on second reading.
Commissioner~oved that the ordinance pass second reading;
seconded by Commissioner d~/2 and carried by-the following vote:
YEASs Commissioners Posey• Jones, Weaver and Hankins.
NAYS: 9qne.
Carried; ordinance passed second reading.
Commie siOll~~ moved that the ,Prdinanee be placed on third BIid
final reading; seconded by bommsioner «/~L. and carried by the following vote:
I
( C
Ca.rried;
ll!Ss Commissioners Posey, .Tones, WeaTer and lfa!lkins.
NAYSs l'ion.e. )
ordinance pla~l.Jlg.
Commissioner oved tba.. the ordinance pa.H third and final
seconded by c~CL , and carried~ the following vote:
Y.EllS: Commissioners Poae,-, Jones, Wee.ver and HaDkins.
BAYS: Hone.
Jrqor Parrish then declared. the ordinance :tinall.3 passed.
<:..
The ordinance tollowsa
mID:mANOE NO. ~
AN ORDINANCE BY THE CITY COMMISSION OF THE CITY OF
WBBOCK, TEXAS, AUTHORIZDIG THE ISSUANCE OF :BONDS
FOR THE PRINCU>AL SUM OF $650,000.00, FOR THE PUR-
POSE OF mNDING CEm!AIN VALID OUTSTANDING INJ)E.'BTED-
NESS OF SAID CITY: PROVIDING FOR THE LEVY, ASSESS-
MENT AND COLLEO.rION OF A SUFFICIPBT TAX TO PAY THE
IBTER&ST ON SAID BONDS AND CRF.4.ll A SINKING EUND TO
REDEEM THEM AT MATURI~: PRESCRIBING THE FORM OF
BOND$:AND DECLARING AN Dl:ERGENCY.
WHERF!AS,. at an election held in the City of Lubbock, Texas, on the 3rd dq
ot Ma.y, l 927, a maJ ori t3" of the qual i.£ied voters, who are propert3" ta.xpq ers of' the
City of Lubbock, voting at said election 1111.Stailled the proposi. tion to issue the bonds
hereilla.fter described for the principal B1lill of Six Hund.re~ Fifty Thou.sand Dollars
($650,000.00), by a vote of 190 affirma.tive votes, and which carried~ a majority
vote of 148 in favor thereof, being "FOR THE ISSUANCE OF THE BONDS AND THE LEVY OF A
T.AX IN P AnlENT THEREOF"; and,
WHEREAS~ it appears affirmatively to the City Commission that said election
\,__., was regularly ordered, that notice thereof' was regularly g1 ven for the time aild in the
manner a.a provided by' law, and that said election was regu.larq held and that on.13 property
taxpaying voters voted e.t said election and that returns thereof were regularly made to
this Commission and that said returns have been d'lll3" canvassed and the resa.lt of said
election regularly declared in all respects ae provided.~ law and that it has been foum
and declared that the proposition for the issuance of said bonds was carried and au.staimd
by a majority vote of the property-ta.xp&¥i.Ilg voters voting thereon, and that, therefore,
this Commission is authorized to issue said bondS and to lev;y a tax in p&3IDent thereof
and cause the same to be assessed and collecteda
THEREFORE, BE IT ORDAINEP :SY THE CITY OF LUBBOCK, 'l!EXA.Ss
I
I
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Section l. That the bonds of ea.id City, to be ca.lled "CITY OF llJBBOCK
FONDING BONDS, SERIES 1927", be issued under and by virtue o·r the Speci&l Charter of
the said City, adopted. ~ecember 27th. 1917, by vote of the qualified voters of said
Cit~, and amendments thereof, and the Constitution and laws of the State of Texas, for
the purpose of funding certain valid 011;tstanding indebtedness of said City, in the
principal sum of Six Hundred Fifty Thousand Dollars ($650,000.00), said outstanding
bat••rixx:xflr&tuatatxJa•wh
indebtedness being described as follows, to-witr
Copy list from Election Order.
u
\.._,,
Seciion 2. 1!hat said bond.a shall be munbered conaecutivel.Y f'rom one (1) to
~
six hundred fifty (650), inclusive, and sh&ll be in the d.enomi.D&tion of One Thousand.
Dollars (j1,ooo.oo) each, aggregating the sum of Si.% Hundred Fit"tr Thousand Dollars
{$660,000.00).
Section. 3. That they shall be dated ~ 2oth, 1927, and shall become due
and pqable serially as follows:
BOBD UUMBEBS. lU.TOBITY DA.TES. AKOUNTS.
' l to 15, Ma.v" 20th, 1938, $15,000.00
16 to 30, It " 1939, 15,000.00
31 to 45, " " 1940, 15,000.00
46 to 60, " " 194-1, 15,000.00
61 to '15, n " 1942, 15,000.00
16 to 90, " " 1943, 15,000.00
91 to 105, " tt 1944, 15,000.00
106 to 120, " " 1945, 15~000.00
121 to 135, " " 1946, 15,000.00
136 to 150, " " 194.7, 15,000.00
151 to 170, " " 1948, 20,000.00
171 to 190, " " 1949, 20,000.00
191 to 210, n " 1950, 20,000.00
211 to 230, " " 1951, 20,000.00
231 to 250, " " 1952, 20,000.00
251 to 275, " " 1953, 2s,ooo.oo
276 to 300, " " 1954, 25,000.00
301 to 325, " ti 1955, 25,000.00
l26 to 550, " tt 1956, 2s,ooo.oo
351 to 375, " " 1957, 25,000.00
376 to 400, " " 1958, 25;000.00
401 to 425, " ti 1959, 2s,ooo.oo
426 to 4'50, " " 1960, 25,000.00
451 to 475, " " 1961, 25,000.00.
476 to 500, " " 1962, 25,000.00
501 to 530, II " 1963, 30,000.00
531 to 560, " " 1964, 30,000.00
561 to 590, " tt 1965, 30,000.00
591 to 620, " 11 1966, 30,000.00
621 to 650, " " 1967, 30,000.00
Section 4. 'l'ha.t they shall bear interest at the rate of the per centum (5%)
per annum, p&y&ble MA7 20th, 1928, and semi-a.nnually thereafter on the 20th ~ of November
and the 2oth day of May of each :,ear.
Section 5. That the principal e.n.d. interest of said series of bonds shall be
~
payable on presentation and surrender of bond or proper coupon at the National .Bank ot
Commerce, Newr York City, New York.
Section 6. That each of sa.id bonds sha.11 be signed by-the ~or, countersigned
by the City Secretacy, and registered by the C1t.r T-reasurer, and the corporate seal of
the City of Lubbock shall be impreesed upon each of said bonds.
Section 7. That the facsimile signatures of the ~or and City Secretary~
be lithographed on the coupons attached to said bond.II, and shall have the smie effect
as if they had been signed by them.
Section a. 'rhe fonn of said bonds shall be substantially as follows:
No. $1,000i00
UNITED STATES OF AMERICA
STATE OF TEXAS
COUNTY OF LUB:BOCK
CITY OF LUBBOCK FUNDING BO~, SERIES 1927.
KNCN/ ALL MEN" BY THESE PRESENTS: That the City of Lubbock, a municipal corpora-
tion duly incorporated under the laws of the State of Texas, for value received, acknow-
ledges itself indebted to and hereby promises to pay to bearer on the 20th day of~~,
19 , the principal sum of ----
ONE THOUSAND DOLLARS
($1,000.00), in lawful money of the United States of America, with interest thereon from
date hereof at the rate of five per centum (5%) per annum, interest payable May 20th, 1928,
a.nd semi-annually thereafter on the 20th day of November and the 20th day of May of each
y~ari principal and interest payable upon presentation and surrender of bond or proper
coupon at the National Bank of Commerce, New-York Oity, New York; and the Cit~ of Lubbock
is hereby held and firmly bound,and its faith and creciit,a.nd all real and personal property
in said City, are hereby irrevocably pledged for the prompt payment of the principal of
this bond and the interest thereon at maturity.
THIS BOND is one of a series of six hundred fifty (650) bonds, numbered con-
secutively from one (1) to six hundred fifty {G5t), inclusive, of the denomination of
One Thousand Dollars ($1,000.00) each. aggregating Six Hund.red Fifty Thousand Dolls.rs
($650,000.00), issued for the purpose of f'unding certain valid outstanding indebtedness
of said City, by canceling the evidences thereof and issuing such bonds to the holders
in excha.nge therefor, under a.nd by virtue of the Constitution and laws of the State of
Texas, and the City Charter of the City of Lubbock, Texas, and in pursuance of a.n ordi-
nance duly and legally adopted by the City Commission of said City and. of record in the
Minutes of said City Commission.
THE DATE of this bond, in conformity with the ordinance above mentioned, is
May 20th, 1927.
AND IT IS HEREBY CERl'IFIED AND RECITED that the issuance of this bond, a.ad the
series of' which it is a part, is duly authorized by law and by a vote of the qualified
property taxpa.ying voters of the C1ty of Lubbock, Tens~ voting at an election held for
~ that purpose in said City on the 3rd day of Ma¥, 19Z7itha.t all acts, conditions and
things required to be done precedent to and in the issuance of this series of boms,a.nd
of this bond, have been properly done and performed and have happened in regular and due
time, form and manner as required by law; that sufficient a.nd proper provision for the
levy and collection of taxes has been ms.de,which, when collected, shall be appropriated
excl~sivelJ' to the pa310ent of this bond and of 'the series of which it is a part, and to
the payment of the interest cou.pons hereto annexed as the same shall become d.ue; and that
the total indebt•dness of the said City of Lubbock~ including the entire series of bonds
of which this is one. does not exceed an:, constitution.a.l or statutory limitation.
\
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IN WITNESS WH:EREOF, the City of Lubbock, by its City Conmission, has ca.used its
corporate seal to be hereto affixed, and this bond to be signed by its Mayor, counter-
signed. by its City Secretary, and registered by its Cit,r Treanrer, and the interest
coupons hereto attached to be executed by the lithographed facsimile signatures of the
Mayor a.nd Cit~ Secretar,y, as of the 20th day of May, 1927'.
C OUNTEBS IGNED:
City Secretary, Cit~ of
Lubbock:• Texas.
Ma..ror, City of Lubbock, Texas.
Bm I STEBED:
City Treasurer, City of Lubbock•
Texas.
Ne• ---
The form of coupon attached to said bonds shall be substantially as follows:
$25.00
ON THE 20TH DAY OF , 19 , --------
the City of Lubbock, Texas, will pay to bearer at the Natione.l ~ank of Commerce, New
York City, New York, the sum of 'Pwenty Five Dollars ($25.00}, in lawtul money of the
United States of America, being six months' interest du.e that day on CITY OF LUBBOCK
FUNDING :BOND, SERIES 1927 , NO. , dated. May 20th• 192 7. ---
Mayor.
City Seeretaiy.
The following certificate shall be printed on the back of each of said
bonds:
OFFICE OF COMPTROLLER}
)
STATE OF TEXAS }
I HEREBY OERrIFY that there ia on file and of record in rrv office a certifi-
cate of the Attorney General of the State of ~exas , to the effect that this bond has
been examined by him as required. b.r la•• and. that he finds that it has been issued in
conformity Wlith the Constitution and laws of the State of Texas and the City Charter
of the City of Lubbock• Texas, and that it is a valid and binding.obligation upon said
City of Lubbock, Texas, and said bond has this day been registered by me.
WITNESS MY HAND AND SEAL OF OFFICE, at Austin, Texas, this the ___ d2'Y' of
--------I 1927 •
Comptroller of Public Accounts
of the State of ~exaa.
Section 10. IT IS FORTHlR ORDAINED 13Y THE CITY OF UIBBOCK, TEXAS, that to
pay the inteJ"est on said bonds a.nd create a sinking fund with which to pay the principal.
as it matures, there shall be and it is hereby ordained that there be levied, assessed
a.nd collected in due time, form and manner and at the same time other taxes are levied,
assessed and collected in each year in said City, a sufficient tax upon all the taxable
property in said City of Lubbock to pay the current interest on said bonds and to pay
the principal thereof as the same matures; and to pay the interest on said bonds a.nd
one year's pro rata of the principal thereof, there is hereby levied a tax of thirty
six and one b&lf cents {36½¢) on the $100.00 valuation of all taxable property in said
City for the year 1927 and for each 8\lCCeeding year while said bonds or aey of them a.re
outstanding, and same shall be assessed and collected, or so mu.ch thereof as may be
necessary for said purpose, and applied to the purpose named.
Taxes heretofore levied for the payment of' the warrants being funded by this
ordinance are hereb,y ratified and brought forward., and when and as said warrants are
surrendered and canceled said taxes shall be appropriated for the payment of the interest
and provision of sinking tunds of the Funding Bonds taking the place of said n.rrants,
e.nd particularly 1926 taxes heretofore levied for the purpose of pa.,ying sa.id warrants,
and interest thereon, are herebr appropriated and set aside, as said warrants are
"
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surrendered and canceled., for the payment of interest on said Funding Bonds maturing
during the year 1928 a.nd for the proportionate part of the sinking fund with which to pq
the principal as it ma.tu.res.
Section ll. IT IS FURTH:ER ORDAINED that the Mayor of said Ci't3' of Lubbock be
and he is hereby authorized to take and have che.rge of all necessary records pending
investigation by the Attorney-General a.nd shall take and have charge and control of the
bonds herein authorized. pending their approval by the Attorney General and registration
by the Comptroller of Public .Accounts, and. the Comptroller of Public Accounts shall take
and hold said bonds unregistered pending the delive17 to him for cancellation of the war-
rants to be funded by this issue and. he shall, upon presentation of 8.D3' or all of said
warrants, register an equal amount of said bonds and. deliver same to the holders of said
warrants.
Section 12. The tact that the City Commission of the City of Lubbock deems it
advisable and to the best interest of the City to fu.Dd the outstanding warrant indebtedness
herein set out and described, thereby redu.cine; the rate of interest and. extending the dates
of maturity, creates an emergency e.n.d an imperative public necessiv that the rule requir-
ing ordinances to be rea.d at more than one meeting of the City Commission be suspended, md
it is so ordained, and this ordinance shall take effect and. be in force from m:d after its
passage and approval.
PASSED,
lJ APPROVED,
this the /£~
this the/#,-
day of May, A. D. 1927.
day of May, A. D. 1927.
~of
•.
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ORDINANCE NO. 376.
AllT ORDINANCE BY THE OITY C mmISSION OF THE CITY OP LU •BOCK, TEXAS,.
AU'l'HORIZmG THE ISSUAEUE OF BONDS FOR THE PRINCIPAL SUM OF tsso.000.00
FOR THE PURPOSE OF FUNDING CERTAIN VALID OUTSTANDING Il!IDEBTE.D?E SS OF
SAID OITY:· PROVIDING FOJlh THE LEVY• ASSESSMENT ABD COLIECTI ON OF A
SUfli'IClENT TAX 'fO PAY THE Im'ERES'l' ON SAID BOEDS AND CREATE A SINKING
FUND 'l'O REDEEM-TH:lm .AT MATURITYI PRESCRIBING THE FORP! OF BONDS: AND
DECLARING AN EtmRGENCY.
WHEREAS, at an election 1 held in the City or LUbbock• Texas, on the 3rd
day of Kay, 192?, a IP,Jody of the qualified voters• who are property1BE
payers of the City of Lubbock, voting a.t aaid election sustained the
proposi~ion to issue the bonds hereinafter described for the principal
.sum of Six Hundred Fifty Thousand Dollars f ~650•000.00), by a vote of
190 atfinnative votes, and which carrled by a ,-ma.jority vote of 148 in
favor thereof", being •FOR THE ISSUANCE OF THE BOND S AND THE LEVY OF A
TAX IE' PA11mli'l' THEREOF•; and•
WHEREAS• it appears affirmatively to the City Commission tha t said
election was regularly ordered• that notice thereof was regularJ y
given for the time and in the manner as provided by law, and that said
election was regularlt held and that only propert~ tax paying voters
· voted a\ said election and that returns thereo~ were regularly made
to this Commission and that said returns have been duly e a n"taseed and
the result of said election regularly declared in all reepe cts as
provided by law and that 1 t has been found and d eelared that the pro•
position for the issuance of said bond.a was carried and suetai ned by
a majority vote of the property tax paying voters voting thereon, and
that, therefore, this ~ommiseion is authorized to issue said bonds and
to levy a tax in payment thereof and cause the same to b6 assessed and
collectedt · ·
THEREFORE, BE I'? ORDAINED BY THE CI'l'Y OF LUBBOCK, TEXASt ' .
section 1. That the bonds of said City. to be called •cxTY rJF LlJnBOCK
Jrom>ING BONDS_. SERIES 192?•, be issued under and by virtue of the Spe-
cial Charter of the said City9 a .dopted December 27th, 1917, by vote
··of the qualified voters of said City, and amendments thereof• and the
Constitution and laws of the State of Texas, for the purpose of
funding certain valid outstan~ing indebtedness of said City. in the
principal sum of Six Kunared 1 1fty 'thousand Dollars ($650,000.00),
s aid outstanding indebtedness being described a s follows, to-wits
llo. l. -$50,000.00 WATERWORKS & SEWER EXTENSION WARRAN TS t SERIES 1923•
d a te~; Janua ry l 0th, 1923.t . 1 n denomina-ti-on of $1-, 000 •. 00 each., bearing
interest a t the r a te of six per centum (6%) per annum, payable January
a nd July 1 0 th of e a.ch year• principal and 1ntere·s t payable at the Con-
tinel2ta l & Commercia l National Bank, Chio a go• Illinois, warrants
maturing serially as follows,
WARRAJr.1' liOS• :MATURITY DATES AMOUNTS
1 & 2 3anua ry 10. 1928 3 2.000.00
3, 4 & 5 • 10, 1929 3,000.00
6&:? ,..,. 1 0 . 1930 2,.000.qo
8,9 & 10 • 10• l9Zl 3,,.000.00
11 & 12 • 10. 1932 2.0 00.00
13. 14 & 15 11 1 0 .. 1933 3.000.00
16 & 1'1 " 10, 1934 2.000.00
18, 19 &: 20 Q 10, 1935 3.,0 00.00
21 & 22 0 10. 1936 2.000.00
23t 24 & 25 " 10. 193'1 3,000.00
26 & 2'1 fl 10, 1938 2,,.000.00
2e, 20 & 30 • 10, 1939 3,000.00
31 & 32 " 10. 1940 2.000.00
33. 34· & 35 If 10, 1941 3,_000.00_
36 & 3V • 10, 1942 2.000.00
38,. 39 & 40 It 10. 1943 3,000.00
41 & 42 II 10, 1944 2.000.00
....
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Ord. II 376 t. Page 2.
43, 44 & 45 -...
46 &· 47
48, 49 & 50
January 10, 1945
• 10. 1946 "
" 10. 19411
t '-. ea1d warrants. having been authorized by Ordinance No .. 11'7, adopted by the
City Commission on the 11th day or December• 1922, and recorded in
Book 3 1 Page 110, et seq .• , o( the Minutes of' the City Commission.
Bo. 2 • $18,000.00 FUNDING W~S, dated April 15th, 1924, incfenominatlon
ot $1.000 •. 00 each, bearing interest at the rate of' six per centum (6%) .
per annum• !Jaya.ble aemi•annually.Zanuary and July 10th of' each year,
principal and interest payable at the Continental & Commercial National
Bank, Chicago~ Illinois, warr:ants maturing serially as follows:
WARRANT NOS. MATURITY DATES MOUNTS
1 · January 10. 1929 ,1.000.00
2 . • 10. 1930 1.000.00
3 ( • 10. 1951 l.000.00
4 i • 10. 1932 1.000.00
5 • 10. 1933 1.000.00
6 CJ 10~ 1934 1.000.00
., & e .. 10. 1935 2.000.00
9 & 10 • 10. 1936 2.000.00
11 & 12 • 10, 193? 2.000.00,
13 & 14 .. 10. 1939 2.000.00
15 &.l& • 10. 1939· 2.000.00,
17 & 18 • 10. 1'940 2,000 .. 00
said warrants having been authorized by Ordl.nanee No. 253-adopted
by the City Commission on the 11th day ot ·April, 1924• and recorded
in Book 3, ;page,. 19O~ et seq., of the l!inutes of the. City C ommissiai.
. .
No .. 5. $24,600.00 EIECTRIC _LIGHT PLANT WABRAm'S, SERIES 19241 dated
October 20th9 1924• in denomination of J1.ooo.oo· e a ch, except
warrant lVo. 1 .1s in .denomination ot $6OO.OO,. bea ring interest at the
rate of si.X per centum (65') per annum, payable eemi•annually February
a nd August 1st of e a ch yea r, principal a nd interest payable at the
Continental & Commercial National Bank, Chicago, Illinois, warrants
maturing serially as .follows!,
WARRANT NOS. MATURITY DATESl . , '
...
'"" 1 Februaey 1. 1929. $600.00
2 & 3 • 1, 1930 2.000.00 .~, I \
4 l, 5 • 1. 1931 2.000.00
6 S.7 • 1. 1932 2.000.00
8 ~ 9 • 1. 1933 · 2.000.00
19 & 11 • 1. 1934 2.000.0 0
12 & 13 • 1, 19~5 2.000.00
14 & 15 " 1. 1936 2-,000.00
16, 17 & 18 • 1. 193? 3,000.00
19 & 20 & 21 • 1, ·193S s,ooo~oo
22. 23. 2~ & 2s. 11 · J., 1939 4.eoo.00
said wari-ants having been aUUlDrized by-Ordinance :No. 26'7, adopted b :,
th~it:, Commission on the l?'th day of October, 1924,. and. re.corded in :Book
3, Page ~57• et seq., or the Minutes o'f the City Commission.
• • • 4. .
Wo. 4 -$21.-818.00 IlJCINERATOR PLABT WARRANTS, SERLES 19!·5, dated
may 1st, 1925• in denomination of $500.00 each, en41't"Wa.rra.nt No. l
is in denomination . of" $318.00, bearing interest at the rate 0£· six
per eentum {6%) per annum,. payable aemi-annua.lly on February-and
August let of each year• principal and interest payable at the ,
Continental & Commercial National E9.nk, Chicago• Illino!.s., WB.rrants
maturing aerially as f'ollowst
Warra nts Nos. Jlatu.rity Dates Amounts
1 & 2 February 1, 1930, -t 818.00
3&4 ft 1. 1931, .,:i. .. 000.00
5 &: 6 " 1, 19:52. 1..,000.00
.., & 8 .. 1 • 1933, 1.000.00
9 & 10 • 1, 1934, 1.000.00
11 & 12 • 1, 1935. 1~000.00
.I d ' .,.,, :,;·
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,'
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• . ..,
I 1-
I'
-,,
Ord•-~ 3V'1 -Pg. 3. ..
--~ -;f-1 J,
13 & 14 Feb'ruary 1• 1936 ' $1_. ooo. 00
15 & 16 . . • 1.. 1.000.00
1'7 & 18 ... 1. ·1.000.00
19 & 20 •. lt 1.000.00
21, 22 .. 23 & 24 • 1, 2.000.00
:25_, 26. 2'1 &: 28 " 1. 2.000.00
29, 30. _31 & 32 a 1.. 2-000.-00
33. ·24. 35~& 36 II 1, ~.000.00
3'7, 38., 39 & 40 " 1. 2,000.00
41, 42. 43 & 44 • 1 • 2,000.-00
. .
said w a.rrants h 'aving bee n authorized by ordinance No• 294, adopted by
the City Commission on;the ~9th day of April, 1925• and recorded in Book
3, Page 36 5.. et seq., of the Minutes of the C i ty C ommissi ~n1 . .. . .. .
Bo-~ 5 ,,. $291 880.00 ELECTRIC LIGHT PLABT WARRANTS,. 'SERI.ES 1?25, ~ dated
July l5t'h~ 19259 in denomina tion o~ $1•000•00 each, except Wa.r;ant Bo.
1, is in d~nomination o~ i aeo.oo, bea ring interest a t the rate of siX
per e-entum (6%) per annum, paya bl~ 9.e.mi"'annually .January and J'~ly 15th
of each yeari principal a nd interest payab le a\t \be Contin~nta ~ &
Cmpmercial Ra tional ~ank, Chica go• Illinois, warrants ma.turing ,seriall7
as f"ollowst .!.
\tABRAllT Nos. MATURITY D ATES · ABO~
1 ,,July 15, 1930 , $ eeo.oo
2 • 15-. 1931 1.,000.po
3 & 4. • , 15_.. 1932 2.000.00
5 & 6 .. _'15. 1933 2--000.00
., & 8 • 15. 1934 2.,000.00
9 & 10 • 15, 1935 2,-000.00
11 & 12 • ,, .. is. 1936 2,000.00
1:3 & 14 • 15, 193'7 2,000.00
15 & 16 • 15, 1938 . 2,000.00
17 & 18 • 15, 1939 2.000.00
19 & 20 ,ff • 15, 1940 2.000.00
21 & 22 •· 1s. 1941. · 2,000.00
23 a 24 • ,15• 1942 2,000.00 ,
25 & 2'6 .. is •. 1945 2,000.00
27 & 28 • 15:, 1944 2. 000.00
29 ~ 30 . ' • 15. 1945 2,000.00
said warrants having been authori~ed by Ordinan~e1 Ho. 310, adopted~by
the City Commission on the 6th day of .Tuly, 1925-, and recorded , in Book
3, ·Page ~.95-, et seq., of" t ·he llinutes of" the City Commission. . .
'
No. 6, ~' $60.000.00 ELECTRIC LIGHT PLANT WARRAETS;
1
S'ERIES ½ CP ',192~.
dated .January 1, 1926, in denomination ot ti.000.00 each beari.r,.g .
intere st at the rate or six per centum (6%} per B1DWlll,-payable _ .
semi•annually on July and J"anua ry let.•~ e a ch ·year~ principal and ,
interest payable at the liat1onal Bank of Comm~rCe-i JJew York C!~Y,
Bew York, warrants uµituring serially as tollmvs1 ·
•
Warrant No.
1,
2.,
3,
4.
5-,
6-, -. ·7 ·-&.a.
9 & 10.
11 & 12,
13 & 14t
15-, 16-, & 17,
18, 19 & 20,.
21:, 22 ,& 23-,
24, 25 & 26_.
27-, 28, 29· & 30,
31, s2 •. ~3· & 34,
35-, 36, 3'7 & 38 & 39,
40, ~,_42,.43, & 44,
45,. 46·, --4.-'{1, 48 • 49 ' --~:>
lta turl ty Dat-es
.J'anuary 1. 1931 • 1. 1932
11 1. 1933 • 1, 19:34 • l; 1935 • 1, ,1936 .. 1. 1-93'1 • 1. 1938 • 1. 1939 • 1, 1940 • 1, 1941 • 1, 1942 • 1, 1943 • .1. 1944 • 1. 194.5 .. 1. 1946 , ,. 1. 1947 .. 1, 1948
It 1, 1949
.. -
\
• J •
Amount •
$1,000.00
1,000.00
1,000.00 · ·
1.000.00
1.000.00
1,000.00
2.,,000.00
i.000.00
2,000.00
2.000.00
2,000.00 h-ooc,.oo _
i.,00-0.00
i ._000100
,,000,-.00
~t,OCC.00
5 ,000.0Q
q .000 .00
, 5 .000.00
, .
, .
I
L....
Ord. # 3'7f> • Page '-• ,.,,,,,
J'anuaey lj 1950
• 1,-. 1951
s s.000.00
6,000 •. 00
. said warrants having been _authorized by Ordinance lifo. 326, adopted bf
the c1·ty Commission on the 11th day of December• 1925, ·and r ecord.ed
bi .Boak 3, Page 461, et seq., of the Minutes of thd Cit:, Commission.
1 • '
No • ., ,_ $150:vOOO.OO FUNDI!TG WARRANTS, SERIES 1 of ' 1926, d a ted May 20t)J
19261 in denomination o~t 1.ooo.oo e a ch• bea ring interest a t the rate
of six per centum (6%) per annum, paya ble semi-annually o·n May and
November 20th of e a ch yea r, p rincipal and intereet payable at the
National Bank of vomm erce, New York City• New York,warr a nta maturing
serially as follows, ·
W'Amt4lrl\ wos. MATURITY DATES AllOtmTS
1-to '• Jla.7 20, 1'93a. .,,000,.00
8 to 14, n 20thl9331 ,,000.00
15 to 21, It 20thl934, 7,000.00
22 to 28, ff 20thl935,, '1,000.00
29 to 359 • 20thl936• 11,000.00
36 to 42• fl 20thl93'7• '7,000.00
43 to 49, ff 20thl9389 ,.000.00
50 to 56, " 20thl939, ,.000.00
517 to 63, • aoa.1940, ,,000.00
64 to 70, ft 20tl).l 941. ,.000.00
'71 to ,a. " 20tl,1942., e,000.00
'79 to 86, • 20thl943• s.000.00
8'7 to 94, •· . 2ot'11t44, a.000.00
95 to 102, • 20tfil9451 e,000,00
103 to 1109 11 20thl946t e.000-00
111 to 11e, • 2otbl94'1, e ·,000.00
119 to 126, n 20tltl948, a-,oo&.oo
12'7 to 134• • 20~1949, , e,000.00
134. to 142~ • 20thl950, s.00.0 ... 00
143 to 150, • 20'\hl9519 • · s.,000.00
151 to .. 20tbl952, ,.. " -c.a . ..., 0 -, ...
J ,. ' said warrant#! having been a utho~zed by Ordi.. nance J!o.; 338, adopted by
the City Commission on t'bvl 20th .4ay of lla7, 1926,,,.,and recorded in :Book
3,, Page 512, e~· seq • ., o'f the llinutes ot the C 1 ty Commission. •,-,$;•"'¼
I • .i I ;.•t : r '"ii
JJo. e -$45,ooo.oo vmmnm WARRAB'l'S, SERIES 2 op 1926, dated. August , ..
16th, 1926• in-denom1natj.on of ti.ooo~oo e ach; bea ring interest, at . ),"'~
the rate of silt per centum (6~) per annum.. payable lfa;y ~0th, 1927., and --t.,i•;~,~~,,
' semi---annua.lly thereafter on BoYember and :May 20th of e ra:ch YJ-'a r,. · .... ·
principal and interea-t payable at· the ·l'fatimal Bank o~ CODmerce9 ,
Bew York City, Bew York• warrants ma turing serially as follows•
WARRANTS NOS. llATURITY DAT.ESt ftJI.OUNTS r
l to. 3 llay-20th• 1934, $3)900.00
4 to 6 I 11.ay 20th1 1935, 3.000.00
7 to 9 Kay 20th, 1936, 3.000.00
10 to 12 Jfay 20th, 193'1, 3,000.00
13 to 15 Kay 20th, 1938, 3,000.00
16 to 1·a )[ay ·2oth, 1959. 3.000.00
19 to 21 U:ay '20tb, 1940, 3,000.00
22 to 24 ¥a,y ·2oth, 1941. 3,000.00
25 to 2? Kay 20th, 1942~ 3.000.00·
28 to 30 Jlay· 20th, 1943, 3,000.00
31 to 33 Kay'20th, 1944, 3,000.00
54 to 36 Ua7· 20th• 1945, , 3.000.00
3., 'to 39 Jlay: 20th, 1946, :s.000.00
40 to 42, Kay 20th, 1947, ' 3,000.00
43 to 4,5 J!a.J 20th, 1948, 3,000.00
said warrants having been authorized b y Ordinance Ho. 350, adopted
by the City Commisdon• on the ·16th day of August, 1926, and
recorded 1 n Book 3, Page 539 _. · et. seq. , of the MiwJ te s o:f the City
Commission. ·
?Jo. 9 -$40,ooo.oo FtmDIBG W.ARRAllTS SERIES 3 of 1926, dated Bov-
ember 1st, 1926, in denomination 0£ 11.000.00 each, bearing inter-
est at the rate of six per centum (-6i) per annum, p a y a ble lla.y 20th
'{
::,;-'f;_>•
. .,__ .ff: l
Ord~-# 311 • Page 5.
,92'• and sem.l•a.rmually thereafter o~ November and Ka7 20th, or e a ch
year,. principal and inteJ:>eht payable at the Bat1011,µ.Bank of Commerce-,
New Yori Ci ty:11 '.Rew York• warrants mat'\ll"ing seriallv a 's follo•a1
f .. • # \
WK8RANT NOS• llATURITY DATESt ~OtµiTS1 . /. -~n..,..,, :-r,
~ I: 2,-. ~ Jla.y .TG V i,h l9~J ', $::?t000.00
., & . 4, Jlay 20th 1933• . -2.00·0. 00
5 & 6 Kay 20th 19M• 2.opo.00
. ., • & 11: )lay 2omi, 1935 •. · 2-0~0~00
9 &' ll>; Kay 2Gth f 193&-. a.,ooo., o
11 & 12-)(ay, 20th 19397, 2,.0;,
13 &. 14. Kay 20th 1938, '2 •. 00 •
10 & 1s. · · Kay 20th 1939• 2.00 .o
l? a 1s. /-U&y .20\h 1940-. ~.ooo.o \
19 &20, Jlay 20\b 1941• 2 •. 000.00 ~
·21 & 22• Jlay 20th 1942~ 2-000.00
23 & 2~• May 20th t l943, 2,000.00
• 25 & 26• May 20th l, 944 • --..:_. ~ ooo. 00
1 2? & 28~ Ray 20th 1945, ~ 2,000.00
29 & 30~ Kay 20th 1946• 2,000.00
31 & 32, : Kay 20th 194?, 2.000. 00
:53,& 34., Bay 20th 1948, 2,, 000 .. 00
35 & 36, ltay 20th 1949t 2.000.0 0 ,
37 a: 3s, Jlay 20th 1950• 2,000.00
39 & 401 Kay mth 1951• 2 •. 000.00
~~~~~ said
warrants having been authorized bt Ordinance No. 359• ado1ited by t he
City Commlesi.on. .on the 28th day o1 October, 1926• and .recorded in Book
3 9 Page sp2, et seq., of the Jlinutes of the City Commission.
No. 10 • $6•560.00 WATERWomrB WARRABTS 1 SERIES 1 OF 1926, dated
December 10th, 1926, in denomination o~ t i.000.00 each, except
Warrant Bo• 1 is in denomination of $560•00• bearing interest at the
rate of s~ per centum taJ) per annum, pays.bl, Jlay 20tl\• 192?• and.
semi•annually thereafter on November an:11lay 20th of each year,
principal and interest payable at the National Ba nk of Commerce. Xew
York City:, Bew Yof'lc 1 warrants maturing aerially as 'f'ollows1
WARRANT BOS1 JlATURlTY DATESt AKOUNTSJ·
$ 560.00 · 1, Jlay 20th-. 1932,
2. Kay 20th, 1933, 1.poo.00
3. Kay 20th• 1934. 1.000 • .00
'·
,.
r.
4 •. t J(ay 20th, 19315. 1~000.00 w .;s.-s. ltay 20th• 1936, 4000.00 '
6. Jlay 20th• 193'1. 1.000.00 .,. 11ay 20th• 1938, . 1,000.00
said warrants having been authorized by Ordinance No. 361 •. adopted by the
City CornmiesioJl on the 9th day of December. 1926, and recorded in Book
3, Page 559., et seq •• of the Minutes of the Ct ty-C-ommiasion.
I
No. 11 • 144,650.00 ELEDTRIC LIGHT PI.ABT W.AlrnANTS. SERI ~S 1 o-r 1927,
dated Karch 25th, 1927t in denomination of t1,ooo~oo each, except Warrant
Jio. l is ln the denomination ot $650.00, bearing interest at the rate of
six per centum (6%) per annum• payable November 20th, 192?, a~d
semi~annually thereafter on ?lay and November 20th ot each year, principal
a nd interes t payable at the Hational Bank of Commerce, New Yor~ City~
New York, warrants maturing serially as follcnrs1
WARRANT NOS. JIATURITY DATES I .AKotm1'St
1 •. lla7 20th, 1932t ' 650.00
2, llay 20th, 1933, 1,000~00
3~ ltay 20th, 1934. 1,000.00
4. K,y 20th, 1935, 1.00-0.00
5, Uay 20th, 1936. 1.000.00
6, Kay 20th, 19317, 1.000.00 ., . Ha y 20th, 1938, .1,000.00
8 & 9, Jla.7 20th, l939t 2.000.00
10 & 11, Kay 20th, 1940, 2,000.00
12 & 13., May 20th, 1941. 2,000.00
14 & 15, llay 20th, 1942, 2,000.00
16 & 17, May 20th, 1943, 2,000.00
18 & 19, May 20th., 1944, 2 ,000.00
J.
I ~
' ✓ •
ORD ;),,...8'76. Page 6.
2,0'~& 21,
. ·-· ..:·22 t 23., ,.... 24 & 25,
Jlay 20th, l, 945,
Kay 20th9 l 9469
Kay 20th, 194"1,
Kay 20th, 1948,
Jlay 20th, 1949,
Bay 20th, 1950,
Ma y 20th, 1951,
May 20th, 19521
May 20th, 1953,
U.ay 20th, 1954,
May 20th, 1955,
Kay 20th, 1956,
may 2ot1i. 195?,
$2,000.00
2,000.00
2,000.00
2-,000.00
2,000.00
2,000.00
2,..000.00
2.000.00
2.000.00
2,000.00
2,000.00
2.000.00
2.,000.00
L
26 & 2,,
28 & 29.
50 & 31.
32 & 3:5.
34 & ·:35.
36 & 3"1,
38 &: 39,
40 &: 41,
42 & 45,
44 & 45,
said warrants having been authorized by Ordinance No. 364., adopted by
the City Commission on the 22nd day of March, 192?", and recorded in
Book 1, Page 263, et seq.• of the llUzrutes of the City C ommissl on.
Bo., 12 • $75.ooo.oo FUND.I"°· WARRANTS., SERIES l OF 192'1, dated .March
25th, 1927, in denomin1:1~ipn _ of $1,000.00 e?~h, bearing interest at
the rqte of six per centum (6%) per annum. payable November 20th, 1927,
and semi-annually therafter on Ha.y ~nd November 20th of e a ch year,
principal and tnterest payable at the Nati9nal Bank of Commerce,
New York City, New York,.warrant~ maturing ~erially as followss
WARRAN'r NOS. MATURITY DATES AUOtmTS
l to 5, May 20th, 1938• J5.ooo.oo
6 to 10, May 20th, 1939, s.000.00
11 to 15• • 2 0 th• 1940, s,000.,00
16 to 209 " 20th• 1941, 5.0.00.00
21" to 25, n 20611, 1942. s,000.00
26 to 30, " 20th, 1943, 5,000.00
31 to 35, n ?.0th, 194·4, 5,000.00
36 to 40, It 20th, 1945, s,000.00
41 to 45, 1f 20th, 1946, 5,000.00
46 to so, • 2ot} 1947, 5,000.00
51 to 55, " 20t, 1948, s.000.00
56 to 60,. 1t 20th, 1949, s,.00-0.00
61 to 65, • ,20th, 1950, 5,000.00
66 to '10• .. 20th, 1951,. s,000.00
71 to '75• • 20th, 1952,• s.000.00
said warrants having been authorized by Ordinance No. 365, adopted by
the City Commission on the 22nd day of March, .192'7., and mcorded in ~ook
1, Page 267, et seq •• of the Minutes of the City Commission.
Bo. 139 •$57,000.00 WATERWORKS WARRANTS, SERIES 1 OF 1927, dated
March 31st~ 192'7, in denomination of i 1.ooo.oo each, bearing interest
at the r a t-a of six per centum (6J) per annum, payable November 20th, 1921
a nd semi-annua lly thereafter on Jlay and November 20th of e ~ch yea r, prin-
~ cipal and interest payable at the National Bank of ~ommerce, New York
·-~
>;
City, Bew York, warrants maturing serially as follows I
WA.~ANT :Nos. MATURITY DATESI AMOUNTSI
-1 t·o 3, Jlay 20th, 1942, $3,000.00
4 x 4'o 6, Kay_ 20th, 1943, 3,000.00
1 to 9, Jla.y 20th, 1944,, 3,000.00
10 to 12, Kay 20th, 1945, :s,000.00
13 to· 15• May 20th, 1946, 3,000.00
16 to 1s. Kay 20th, 194'7, 3,000.00
19 to 211 Ua.y 20th, 1948, 3,000.00 22 to 251 l!.ay 20th, 1949, ,.000.00
-~6 to 29, May 20th, 1950, 1,000.00
30 to 33, Jl[a.y 20th, 1951. 4,000.00
M to 3?• May 20th, 1952, 4.000.00
38 to 41, Kay 20th, 1953, 4,000.00
42 to 45, Kay 20th, 1954, 4,000.00
46 to-49, May 20th, 1955, 4,000.00
50 to 53, May 20th, 1956. 4,000.00
54 to 57, May 20th, 195'7, 4,000.00
said warrants having been authorized by Ordinance Bo. 368• adopted b y the
City Commission on the 31st day of Barch, 192?, and recorded in Book 1,
~,,,._ .. •.
, .;
\
\
i. .
'
Oi:~ II ' ?'5 -Page 7. ,:' ...., ~. <
Page 280, et seq<t, of the U~~-p.tes ot the Ci ~l' Commission, -
lioe 14• -$28,000.00·~ FUJIDING WARRABTS, SERIES 2 OF 192'7, da'ted,
Karch 31• 192'7-. in denomination of &1,000.00 eaeb, bearing .,...r,
interest a t the :rate or six per centum (6~ per annum, payable
November 20th, 192 7, a n d semi•annually thereafter on Kay and Novembeii>
20th o'f e a ch yen r~ principa l a nd interest payable at the National \
13a nk osf Commerce, New York City, lfew York, warrants mturing ,._ serially aa follows, \
WARRABT Nos. I
MATURI1: DArsa AMOUBTSI
l & 2, Uay 20th, 1 -944, •• s2.ooo.oo
2 & 4 Jlay 20th, 1945, 2,000.00
5 & 6: Jlay 20°'h, 1946. 2,000.00
'1 & 8_. lfay 20th, 194'7, 2,000.00 kl
9 . & 10,:, Jlay 20th, 1948, 2.000.00
11 & 12 -llay 20th, 1949, 2, ooo. 00
12 !: :i~· Hay 28th, 1950. 2,000.00
15 & 18, Kay 29th, 1951 ~ 000.00
17 & 18, :U:ay 2oth, 1952, 2,000.00
19 & 20, Kay-20th, 1953. 2,000.00 ·
21 & ~z, Jlay 20th, 1954, 2,000.00
23 & 24, Hay 20th, 195'5, 2-, 000\.00 ~ 25 & 26, May 20th, 1956, 2,000.00
2'7 & 28, ?lay 20th• 195'7, ..a,000.00
29 & 30J. Uay 20th, 1958,-,
said warrants having been authorized by Ordinance :Bo. 519, adopted
h y the City Commission on the 31st ~Y of Jlarch, 1927, and recorded
in :Book 1 ., page 284, et seq., o.f the ll1?1'1tes of' the Cit~ Commission.
Section 2e ibat said bonds shall be numbered consecutively fr~
one (1) to siX hundred f'i!ty (~50), inclusive, and shall be in the
denomination of One Thousand »ollars {9 1.000.00) each, aggregating the
sum of Six Hundred Fifty Thousand Dollars ($650,ooo.oo).
Section 3• That they shall be dated lls.y 20th,
become due and payable aerially a. s followsi
1927, and shall
'
BOND lifUMBERS1 !IATURITY DATRSt AMOUNTS:
1 t to !l,, I Jlay 20th• 1938., i 1s,ooo.oo
16 to 39, • 20th• 1939, 15"000.00
31. to -4~", ' • 20th• 1940, _l:i • ooo. 00
46 to 60. a 20th, 1941, ~Q00.00
I 61 to "15. • 20th, 1942, 1s,ooo.oo
76 to 90t • 2omi, 1943, 15,000.00
91 to 105., • 20th, J.~44, 15.-000.00
106 to 120, • 20th, 1945• 1s,ooo.oo
121 to 135, • 20th, 1946, 15.000.00·
l.36,to 150t • 20th, 1947, 15-,.000.«JO
15d to l?O, • 2 0ih, 19481 20,000.00
171 to 190• • 20th• 19491 20,000.00
191 to 210, • 20th, 1950• 20,000.00
211 to 230, • 2oth, 1~51, 20,eoo.oo
231 to 250, .. 20th, 1952• 20.;000.00
"251 to 275.,. ·.•· 20th, 1~53, 2s,poo.oo
2'16 to 3001 • 20th, 1~54, 25,000 .• 00
301 to 325, • 20th, 1~55, 2s,-000.oo
326 to 350.-• 20th, 1~56• 2s •. ooo.oo
351 to .3'75• • 29th, 1~57, 25,.-000.00
3'76 to 400, • 20th, 19581 2 5~000.00
401 to 425, .. 20th, 1~59, 2.5,ooo.oo
426 to 450, • 2()th, 1960t 25.,000_.oo
451 to 475, • 20th• 1961• 25,..0oo.oo
476 to 500, • 20th• 1962• 25,000.00
501 to 530, • 20t)l, 1963, 30,,. ooo. ·oo
5:51 to 5601, • 20th, 1~64• 30_,000.00
561 to 590t ti 20th. 1~ss. 3~,000.00
591 to 620, • 2oth• 1966• 30,000.00
621 to 650,. ft 20th, 196'7• 30,000.00
651 to
· section 4. Tha t they shall be~r interes t 4t the r ~te of' five
per centum (5%) per a.ncum, payable Jla.y 20th, 1928, a nd semi-a nnua l 1'.9
' l
. ... ~ ' .
' 0
Or4-ii 3'16 -Page s. .
~ ..
thereafter on the ~oth da7 of' November and the 20th day of' May 61'
ea.ch year.
Section 5~ 1'hat the principal and i nterest or said series of'
bonds shall be payable on preeentation'S.Dd surrender of bond or
proper coupon at the National Bank or Commerce, Bew York City, New
York.
Section 6. That eaoh of s ~id bonds shall be signed by the Mayor,
countersigned by the City Secretary, and registered by .the City
Treasurer, and the corporate seal of the City of Lubbock shall be
impressed upnn each of aaid bonds. ·
Section~~ That the facsimile signatures of the Jlayor and City
Secretary maybe lithographed on the coupons attached to said bonds,
and shall have the same effect as if they had been signed by them.
Section a.
Bo. __ _
The form of said bonds shall be substantially as f'ollowsa
$1,000.00
UNITED STATES OF AUERICA
STATE OF TEXAS
COUNTY OF LUBBOCK
CITY OF LUCBOCK i'UJIDING BOlID• SERIES 1927
KNOW ALL MEN BY THESE PRESENTSs That the City of Lubbock, a municipal
corporation duly incorporated under the laws of the State of Texas, for
value received, acknowledges itself indelte4ito and hereby promises to
P•Y to bearer on the 20th day or 11&7. 19_, the principal sum of
ONE THOUSti~.DOLLARS
ft1.ooo.oo), in lawful money o~ the United·States of America, with
interest thereon from date hereof'at the· rate of five per centum
(5%) per annum, interest payable Ya.y 20th, 1928 anci semi•annm lly
thereaftex on the 20th day of November and the 20th day of Kay ot each
year; principal and interest payable upon pre8entat1on and surrender--
of bond or proper coupon at the National Bank of Comnerce, New York ·
City, New York; and-the City of Lubbock is hereby held and firmly bound9
q nd its fait~ and credit• and all real and personal property in said
City, are hereby irrevocably pledged tor the prompt payment of the
principal of this bond and the interest thereon at maturity.
' THIS BOBD is one o'f a series ot six bpdred fifty (650) bonds, numbered
consecutively from one (1) to six hundred fifty (650), inclusive, ot
the denomination of One tbouaand Dollars {ti.000.00) each~ aggregating
six hundred 7itty thousand Dollars {8 650•000.00)-. issued fort he purpose
ot funding certain valid outstanding indebtedness of said city, by
canceling the evidence and issuing such bonds to the holders in ex-
change therefor, «nder ·and by virtue o'f the Constitution and laws ot
the State o'f Texas-. and the City Charter o'E the Uity of Lubbock, Texas,
and in pursuance ot an ordinance duly and legally ad-0pted b-y the;c City
Commission o~ va id City and ot record in ~he Minutes of City Commission.
THE DATE ot this bond9 .in conformity wi-th the ordinance above mentioned•
ls Uay 20th• 192'1. ·
Alm IT IS HEREBY CERTIFIED ABD RECITED that the issuance of this bond
a nd the series ot which it is a part. is duly authorized b7 law a nd by
a vote of the qualified property taxpaying voters of the City of
Lubbock. Tex~s. voting at an election held fo~hat purpose in said
City on the 3rd day of ·1(ay. 192V; that all acts. conditions and thi ngs
required to be d one precedent tG and in the issuance of this series of
bonds• and of this bond, have been properly done a nd performed a nd
h a v e happ ened in regular and due time, form and manne r as required
by law; that sufficient and proper provision for the levy and collection.
of taxes• has been made, which, when collected, ·shall be appropriated
exclusive ly to the payment of th i s bond and of the series ·of which
it is a p a rt. a nd to the payment or the interest coupons hereto annex-
ed as the same sha ll become due; and tha t the total indebtedness of
the 8aic City of Lubbock , including the entire series of .bonds of
which t h is is one, does not exceed aey c onstitutional or statutory
l imi t a ti on.
. ' .. __ .....
Qlid.· II 37'6 • Page 9.
IN WITDSS WHEREOF THE C!ity '6f' Lubbock• by ita City C omm.issiona has
caused its corporate seal to be-hereto att1xe4. and this bond to be
signed by its Mayor• countersigned bT its City Secretary• a nd
registered by its City Treasurer.and the interest coupons here to a t-
tached to be executed by lithographed 'tacsimile signa tures of the
Jlayor a nd City Secreta ey-, as ot the 20th d a y o't Hay• 192?·.
COu:NTE~SIGNEDs
city s ec-retary. atty
Of Lubbock, TeXQS.
itay or,
Oity of Lubbock, Texas.
REGISTEREDI
city Treasurer• City of
Lubbock, Texas.
The form o~ coupon attached to said bonds shall be substantially as
follows,
llfo. __ _
ON THE 20th DAY OF -----~-19 ___ ,
the Ctty ot Lubbock• Texas, will pay to bearer at the National Bank
o't C-onmierce• New York City• New York, the sum o't Twenty J'ive
Dollars ($25.00), 1-n lawful money of the United States of America,
being six months• interest due that day on CITY OF LUBBOCK '.FUNDING
l30KDt SERIES 192'7, BO. __ , 4a ted Jlay 20th• l 92? •
A -.
HAYOR. ~
I ~... CITY SECRETARY
The following certificate shall be printed on the back~~ each o't
said bonds1
OFFICE OF COJlP!'ROLLER
STATE O'Jr TEXAS l
I HERE1n' CERTIPY that there is on file . and {)f, rec.ord in my
office a certificate ot the Attorney Genesal., of the State of Texas.
to tbe effect that this bond bas been examined by him as required by
law, and that he finds · that it has been .issued in conformity with ~
the Constitution and laws of the State of Texas and the City Charter of
the City of Lubbock, Texas, and that it is a valid and binding /
obligation upon said City of Lubbock, Texas, and said bond has this
day been re$ifltered byme.
WITHESS :MY HA.ED AND SEAL OF OFFICE, at Austin• Texas, this the__ ~
day or------· 1927.
Z!oitPTROLLER OF PUBLiC ACCOUNTS
OJ' THE STATE OF TEXAS.
Section 10. IT IS FURTHER ORDAINED EY THE CITY OF LUBBOCK, TEXAS•
that to pay the interest on sald bonds a nd create a sinking fund with
which to pay the principal as it matures. there shall be and it ia
hereby ordained tha t t h ere be levied, assessed and collected
in due timet form and manner and a t the same time other taxes are levied.
assessed and collected in each year in aaid City• a sufficient tax
upon all the taxable property in said Ctty of" tubbock to pay the
current interes t on said bonds and to pay the principal tbereo~ as
the same matures; and to pay the interest on said bonds md one
yea r•apro ra~a of the principal thereoft there is hereby levied a tax
thirty six and one halt cents(~) on the $100.00 valuation of
all taxable property 1n said City for the ye~r 192'1 and for each
succeeding yea r while a~id ~onda or any of them are outstanding,
a nd same s hall be assessed and collected• or so much thereof aa
may be necessary tor said purpose• and applied to the purpose named,.
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Ta.x~s heretofore levied for the ·payment of themarrants being funded by
this ordinance are hereby ratified and brought forward, and when and
as said warrants are surrendered and cancelled said taxes shali be
appropriated for the payment of the interest and provision of sinking
funds of the Funding »onds taking the place of said w a.rrants, and
particularly 1926 taxes heretofore levied f'or the purpose of paying
said warrants. and interest thereon, are henby appropriated and ·eet
aside, as said warrants are surrendered and cancelled, for the payment
of interest on said Funding .Don_ds maturing during ~he year l m 8 and for
the proportionate part of the sinking fund w1th. wli.ich to pay the
principal as it matures.
Section 11. IT 1S FURTHER ORDAil!lED that the ~yor of said City of'
labbock be and he is hereby a uth orized to take and 'ha:ve charge ot .all
necess~ry records ~ending 1nvest1ga t1on by the Attorney General and
sball take and have charge and control of the bonds herein authorized
pending their approva l by the Attorney General Rnd ~egistration by the
Comptroller of Public Accounts. and the Comptroller of Public Accounts
shall take and hold said bonds unregistered pe~ding the deli very to h1m
for eaneella. tion of the warrants to. be funded by this issue and he shalt
upon ·presentation of any or all of said warrants. register an equal
amount of ~aid bonda and deliver the same to the holders of said warrants.
Section 12. The 'fact that the Uit•y Commission of the City of LUbbodt
deems it advisable and to the best interest of the ~ity to fund the
outstanding warrant indebtednees herein set out and described• thereby
reducing the rate ot interest and extending the dates of maturity, creates
an emergency and an imperative public necessity that the rule requiring
ordinances to be read at more than one me ~ting of the CityConmission
be suspended, and it is so ordained, a:r;.d this ordinance shall take effect
and be in force from and after its passzge and approval.
PASSED, this the 14th day o't llay A.D. 1927.
APPROVRD, this the 14th day ot May AeD• 192?.
ATTEST: G.w. McCleary.
City Secreta ry, City o~
Lubbock, 1'exa s.
(CITY SEAL)
Pink Ls Parrish
layor, City of Lubbock.
Texas.
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