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HomeMy WebLinkAboutOrdinance - 434-1929 - Calling Bond Election - 03/19/1929ORDINANCE NO .. 4 .34 CALLING BOND ELECTION TEE STATE OF TEXAS ) CITY OF LUBBOCK ) COUNTY OF LUBBOCK) The City Commission of the City of Lubbock, Texaa, met in regular session on the 18th day of llarch, A. D. 1929, in its ~egular meeting place in the City Hall, all mem~era thereof being present, to-wita H. D. \foods, Jlayor, A. v. Weaver, l ;r. H. Hankins, .r. F • :Bacon, D. N. Leaverton, ) crommissionera, and W.H.. Rodgers, City ~ecretary, when the following proceedings, among others, were had, to- wit t Upon motion made by Commissioner J. H. Hankins, seconded by Commissioner D. N. Leaverton, the following or- dinance waa passed by vote of the Commission as f ollowa: The Mayor, H. D. Woods, and Commissioners ;r. H. Hankins,. .r.~·. Bacon and D. N. Leaverton voted "Yea•, and Commissioner A.V. Weaver voted "Nay". ORD.Il~NCE NO. 434 AN ORDINANCE BY THE CITY OF LUBBOCK, TEXAS t CALLING AN ELECTION FOR THE PURPOSE OF VOT- ING OJJ THE PROPOSITIOU FOR THE ISSUANCE OF BOlIDB OF THE CITY OF LUBBOCK, TEXAS, IN THE PRINCIPAL Sill! OF $75,000.00 FOR THE PURPOSE OF ERECTING, MAINTAINING AND OPERATING A PUBLIC UTILI'l'Yt TO-WIT, BY ACQ,UffiING LAND WITHIN OR WITHOUT THE CITY AND ERECTING, ES- TABLISHING, MAINTAINING AND OPERATING THERE- ON A WNICIPAL AIRPORT AND LANDING FIELD IN COWNECTION WITH THE OPERATION OF EXPRESS• FREIGHT, AIRMAIL SERVICE AND OTHER .AERIAL TRA.l-fSPORTATION; SAID :BONDS TO BEAR INTEREST AT A RATE NOT TO EXCEED 5% PER AliTNUM AND TO MATURE SERIALLY OVER A PERIOD OF YEARS NOT TO EXCEED FORTY YEARS FROM THEIR DATE; FOR THE LEVY OF A 3UFFICIENT ?AX TO PAY THE IN- TEREST ON SAID BONDS AND THE PRiliCIPAL THERE- OF AT MATURITY; FIXING THE DATE AND PLACE OF SUCH ELECTION; PRDVIDING FOR NOTICE THEREOF; APPOINTING TKE OFFICERS TO HOLD SAD; AED DECLARING Alt ElmRGE1!CY. _ __J WHEREAS, the 0.ity Commission of the City of Lubbock, Texas, deems it advisable to issue bonds of the said a1ty for the purposes hereinafter mentioned; and WHERE.AS, the transportation by air craft h a s become so important in the life and business of the citizens of all modern cities, including the City of J.iUbbock, am WHEREAS, no safe and adequate facilities are avail- able to the City and its citizens for the landing and dispatch- ing of such craft without undue hazard to citizens and tooth- e:ne empl.oying such facilities;. and WHEREAS, it is considered to be to the beat interest of the City of Lubbock, Lexas, and its citizena that said City acquire l.ands within or without the City for the municipal and public purpose of providing the facilities which will expedite the handling o! express, freight, mail and passenger traffic destined to and from the City of J.,ubbockt '.L'HEREFORE, BE IT ORDAINED BY THE CITY OF LUBBOCK, That an election be held on the 2Srd day of April, A. D. 1929, at which election the foliowing proposition shall be submittedt •Shall the City Commission of the City of Lubbock, Texas., be authoriz.ed to issue the bonds of the di ty of Lubbock, in the sum of Seventy-five Thousand {f75s000.00) Dollars, ma- turing serially over a period of yeare not to exceed forty (40) years from their da te, beartng interest at a rate not to exceed five per centum {5%) per annum, p a yable semi-annually, maturities and rate of inte~est to be fixed by the City Commission, and to levy a tax s .ufficient to pay the interest on said bonds and c:re- ate a ainking fund sufficient to redeem them at maturity, for the purpose of acquiring, erecting, establishing, maintaining and operating a public utility, to-wit, by acquiring land within or without the City and erecting, esta.blishing, maintaining and operating theTeon a municipal air port and landing field in con- nection with the operation ot express, freight, air mail ser- vice and other aerial transportation, under the provisions and laws of the State of texaa, the Charter of the uity of Lubbock, Texas, and the Constitution of the State of 'J.'e:xas.• Xhat said election shall be held in the City Hall in the City of Lubbock, '.rexas, and the following named pe:rsons are hereby appointed managers of said election, to-wit, W. E. Ballew, P. C. Mccroy and S. T. 'higg. 1 hat said election shall be held under the provis- ions of the Special Charterof the City of Lubbock, ~exas, adopt~ ed on the 27th day of December, 191.7, and amendments thereto, and the C'onat it ut ion and laws of the St ate of '.l'exaa,_ and only qualified votera, who are property taxpayers of said City, shall be allowed to vote. All voters \'lho favor the propasi ti on to issue the said bonds shall have written or printed upon their ballots the wordst aFOR THE ISSUANCE OF AIR PORT BONDS IN THE s ·uM OF $75,000.00 AND THE liBNY OF TAX IM PAYMENT THEREFOR" And those o.pposed to the proposition to issue the said bonds shall hawe written or printed upon their ballots the words z ~AGAINST THE ISSUANCE OF AIR l?ORT -BONDS IN THE SUM OF $75.ooo.oo AND THE LEVY OF TAX IN PAY-.!IIIENT THEREFOR 1t The manner of holding said ele~tion shall be gov- erned by the laws of the State regulating general elections. A copy of t :his ordinance, signed by the Mayor of the aity of L~bbock, and attested by the City Secretary of said City, shall serve as a proper notice of said election. The 11layor is authorized and directed to cause said notice of the election to be posted up at the City Hall and tw:o other ~ublic :places in said City for at least thirty (30) ful1 days prior to the date of said election. The Mayor is further authorized and directed to have said notice of election published in the Lubbock Morning Xvalanche, a newspaper of general circulation publiehed iD said City, and which notice shall be published once each week for five weeks, the date of the first publication being not less than thirty (30) full days prior to the date of said election. PASSED Alm APPROVED first reading this the 18th day of :March:, A. D, 1929. ATTEST: THE STATE OF TEXASI CITY OF LUBBOCK COUNTY OF LUBBOCK Mayor, 0-i ty o! Lubbock, Texas.· '.l'he City Commission of the cJity o,f Lubbock, Texas, on March i9, 1929, met in regular session, same being a re- ceased meeting from meeting of March 18, 1929, in its regular meeting place in the Gity Rall, the following members being present, to-wit t H. D. Woods, Mayor, A. v. Weaver, l .r. H • Hankins, .:r. F. Bacon, D. N. Leaverton, C"ommisaioners, and W.H.Roclgera, City Secretary, when the following proceedings, among othexs 1 were had, to- wit I Ul:)on motion made by Commissioner }, £/3 ('.1L-e..-(1l.~ ___________ , seconded by Connnisadner the foregoing ordinance waa passed by of the Commission as follows1 The Mayor, H.. D. Woods, and Commissioners J. H.. Hankins, Y. Ji'. Bacon and D. N. Leaverton voted "Yeatt, and Commissioner A. V. Weaver voted 8 Nay 11 .. PASSED AND APPROVED second reading this the 19th day of March, A. D. 1929. Mayor, City of Lubbock, '.L'exas.· ATTESTt .. AFFIDAVIT OF l?.OSTING ELECTION NOTICE THE STATE OF TEXAS) COUNTY OF LUBBOCK) CITY OF LUBBOCK) Befol'e me, the undersigned authority, a.n this day personally appeared W.R. Rodgers, who, after being b.e me first duly aworn, saye upon his ·oatht (1) 'l'hat he posted a true and correct copy of the notice of election hereto attached at the following three public places in the aity of Lubbock, Texas: One at the Uity Hall, One at the Courthouse, and One at the Super aer~ice Station. (2) That each of said places was a public place in said City; that each of the notices posted at said places was posted in a conspicuous position; that each of said places was accessible to the public; and that each of said notices so posted at each of eaid places was posted so as to be easily visible to the public. (3) That all of said notices were posted by him an the 19th day of March, A. D. 1929, which was not lees than thir- ty days before the date of the election. Notary J:lublic, Lubbock County, Texaa.