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HomeMy WebLinkAboutOrdinance - 754-1946 - Authorizing Issuance Of $60,000 Bond, Fire Station Building - 03/19/1946- 1 I 2 5 'lUB arA'l!B ar ~w 6 Ootlll'l'l' fR LUBDOCE ' o.tft' 011 umnoat 8 .. I . 03-1..9-J.9tf(,o , S:t:f- au mxs ~ 19t.b llQ' o'f JW;'Oh, 1946, the city CJmm4aalan 9 . • , • lot the City ot Lubbook, 'l'excD, OGilY8D8d in oallad GGB8lon, at the 10 1.1 reCQla.r-•etlDG .t>180e thonof 1n the Oity HQU, tdth tbo ttoUovi1bs 12 1 members tbaftGt, to-td.~s . 13 0 • u. R]"fJR't.3, •. n. (lt]:U)R&SS, J. BAY DICKErt 15 1 ~I 16 ! w. n. mcm, I I LAV'liRL\ VIIIJ.IM1S, . £JBCJ1U.'TAHI', 17 11 . . . 18 ii »J."'88Dt,-tbt ~ abSelltt ...... n.a ... lb, .... i ... o ... e .. l----~~--· li # 19 !l oonoti~ a quonm. cc, among otbel' p~ bad• wore 20 I the fOll.oldnBI . 21 ComaSaatoDor l 1. B. Prloo pr.a.ted tor the oonaJ.demtlon 22 ! of ~ ~1tJ. ocmnS•aiOD. u ozdSJUuioo authoriz1D6 tho 1oDWlDOO at _ 23 1 $60 ,ooo .oo "~ CJ1 LllllDOClt! TEKAS t Film ST.AnOU DUILDilTO Bmms , 24 ammm ~9~~ • aatea uarcm 1, 1946 (b«dnc pa1'081 ot a total 1asuo ot $101 ,000.00 boD4.D cutthor!EOA at tbe oleotlon held 1n sa14 City 25 1 J 6 [ on Deoeber 11, 1945). :,I ~ ol"'tn~noe mao ~ in N1 by tho Olty seoretuy. 28 , ~upoA, occa~eolonor z. nn.v DlokeT moved that tho I ' I 29 1 ~ roq~ *' no OJidiDanoe a~ bo »aoaod on the day on ~ I whiCh 1 t 1e intJ.toclUoGA be IJW\Ip(lb4act, Obd tbil• in v1ow of the JV I • . · eJDerBODOJ ae' forth and dotJ.nod 1n the preamble to the ~poae4 31 • . l ! Qr4tMnoe, tbllt the aeao be daolared an~ aeasure. 'l'h18 32 • tj motion was 4ul)' IJ800D4od by OQD?d ealoner \7. n. Pl'ioe. 'l'be motion 33 oame4 b7 tbe tollt.Mlae votea . 34 1 . ADS& ~or Ribble and Ccanlealonora Ch114roa8, ~~,. DiCkey aD4 Moe. 36 11 ncms a Nou. 37 1 I 1 . Pace No.-··--····-····· I I fi 1 4 ~aro\lpO!l, com«sat.Oiler' \1 . D. PJd.n moved tba1l the ordlruanoo ao J:Ca4 1a tu11 by the 01ty soorotur bo f1M11Y passoe\ 5 u4 a4Qt04 br: tho-Camm1aa1cm. 'l'h1u mo.S.on was sooon4ed by 6 oormns aalonu J.. na, D1otcoy 1 fW4 the motion, OtlJ'l'yina with it tb8 7 ' 8 ftU1 paQ~ f.U.i4 ad~OJl at the o~e, ,_, unantmoualr O&ft1G4 by the toU~ votes 9 10 11 1 12 :I Theft~t tbo ua,or cumouaoot\ that tho Oldlaalloo bad 13 1 bean t1nalllt passed 8D4 .aop~4 b1 •mnnSJDOua vote ~ t.bO Oammisst • 14 j 1n aooo~t -w1\h. tho r.eq~ ot aoot1oAO 1;: 16 8D4 17 ~ I • 15 , ut1ole· lX• of the LUbbCok O~J tmt1 tho Uqor thorwpo.o. s1Sn04 16 · tm4 app;Gf04 ·the ~o 1n tm:e prosoruso of tbb oorna:d.acd.on. 17 1 'l!le ord1nal:loo ill as fol.lcmU 1 20 I I 21 I I 22 1 23 1 24 1 25 26 27 28 ' "AN otmmABOS b1 tho City OGr:lt'IOtd.tm of the City ~ J.ubboolt, Taxao, nuthcmlld.n8 the losWlAOO of t60 OOO.()O 1 orr!' OJ! LtlBBOCK ·~ FIR& LJJ!Nl!ION JUi!lmJG B<!tJXl, SEIWS 191,61 t 4atod ~ 1:• l.946 (~ »UOOl 0t a toW 1osua ot ()1011000.u0 boDAs •uthmzea ot "the •leotlon hel4 111 aa14 atty en Deocamber ·.u, ~tS). tor~ p~ue ~ ta:uot1~1 _ere on, :!ii:t::'!t aD4 ·· ot ·F.ue Station , p~ . a! te301l4 ~ and oq(llpp1ns the ~ in tb8 C1 ot LUbl>ookl pnsoribiDB the tom ot the b044a an the tom ot s.nterest OOUpons* l~ a aon1Wndag 41J:'co~ annual a1 valOND. iiu on all ._ble ~rt4ea uith!n tM 11o1WI ot sa1d CS.ty to pf¥1 the 11l1Ktnn 011 ewm bonds 8D4 to oroate a lllntdng fa.n4 ~or tho re4qUon then~ 1 end prcw1<tS.as to I' tho as~. Dn4 aoUeouon ctt IJUOh tal .8li80Uba ~f.Olot~e .tn014ent ana: »elatinG to tho lllb~oot aD4 p~ ot tbio 01'1'1Soan~t ai4 doolarins an omt.tr8QDCJ' • tt 29 ~~ UDAu tm4 by vUtu.o ot an oriJSnanoe 6:aly _ 30 I pao804 'aD4 DaG,PtGd ~the Oltr OQmQ.tt!J8lon of. tho. City ot LUbbock, ' " 6 # 31 ~ ~. OA tho 20th 4JJ.1 ot llcrvombor • 1945 1 an el.Ooti~ vaa*o~ 32 1 to be hol4 1n aa14 OJ.~y on the 11th 4W ot DoOtmbor, 1945~ tiD4 11~ wh1oh ' e1eot1on tb8 toll.o\lins propoaltlon W& subtd.~tea. to the 33 34 q\talU!bd· eleoto~ ot 8814 Oitta 35 36 3 7 ~1 II ll h "fiW'..T. t.bo City OOt!Vtdsston ot tbe City ~ tub'boak ·be o.ut.b.orizett. to 1eaue tho ~tlablo into~ boar~ 2. Page No .................... ~ 1 2 I 3 I 4 ! 5 6 7 8 I 9 10 15 II 16 bona'• ~ tbe city at. LdbbOOk 1n tile 800Wl1J ot $101,ooo .oo, b8ariD6 lntonot n o mte ot not ~ tmoe aa4 one bolt por oentta (3~) per anma 1'1'Ciil &lte aD4 aaturine n IA1CSh. ti.mo or t.lmaa an mGT be 4eet!04 r.=s~ ~ a:peaienb by the O!tr Ooad.ozd.on, •r!a111 not latR • than tWGDty-:tive ~ hom theU-4ato, tor tb8 pUl'jl088 . . .of the oo.nstl.'llOtion, tm)ot1on, e.nlar~t 8114 1mJ>t'ovo- • . men~ ot !'ire Statton Du.U41nSD 1 ~ a1tos therotor ad tn•sa~ aa4 equip:pJ.ns tho sa. 1n tho 01V t:4 . tubbOol:J !Jd ebAll thore bO annQftlly 1Mdod1 aooeaaed oD4 oo1leoto4• while aa14 boll48 o~ 8DI ot them an ou1Uitans1Sns an 114 va1onlil tax QOil au taxable Pl'OPOrtT 1'41ib11l aal4 otv eUtt1o1ent 1A amount to pay the annual tnwnn CD 8814 boD48 and to pmvl4e • ed.nkS.Ds ~ to pay the pr1a01pel. thereot as tbo a.. oat.u:L'oa . . AND \&mBASi upon 00ll814e:L'Otion ot the retuzraa ot 8814 11 j e1eot1on1 the city a~on todD41mct ~aid o1eo1don bad btaoh 1s 1 oon4uote4 1.11 the .manilu PftOOdbed b7 1ft, and •• 1n 811 nepeota 19 i 188J'1''1 he14 1 after 4ue and p~ .D.Ot!oo as Z'Oquir04 by laWJ that 20 I due I'OtUIU ~ aa14 alooUon ha4 boen J:JII4e by tb8 PJ.'O,PGr oftloazu a 21 j tbat adA elenian naUlted tnoabl1 to the usuanoo ~· sa14 22 ~ bo.Ddaa t1an a ~o:rl-fd the qu1S.t1e4 ~ votinB at aa14 23 1i eleotlon ,.~ted 1n tavor ~ the tem•MOG ot 8814 bon4BJ aD4 t.bai; 24 t.he OltJ' COCJldaad.on 1D 1A all thSago authodmed to 1saue sa14 2s ll bcm48 an4 to 40 &rG" ad ll1l th1.D8a neoeaoary utl/~ oonvon1ent ill 26 oonneot10J:l tb.erewi~ an4 27 ~~· ~ belnB rum 4atemSne4 by tbe 01ty CQCV'd&ld.OD 2s i tba' i' ia not 4a&Ue4 at thiG 1i1t.1l to iai1U8 d1 ot tho bonAI ~ I -• • • 29 ; tlol,O.OO .oo. Yot.ed to» OJl \be p10po81td.on, u a.toreaa~d, an4 that I • 4 . ~ 3o :· 060,ooo ,oo ta tb.e ~ ot b0114a now 4.e8ln4 . to. be 188Ud, u4 II ' # • '* • 31 •: tb.q the JWMS.n1ns amount o~ sa14 bo.a4a, to-Jd i;a 04\~.oo, aball . 32 ! be .1aaue4 a\. a tUtnn c18t. or lata wbeu, 1n tb8 3U41J'*'t of the I , 33 I Ci\7 Ccnnt•dcm of aa14 C1tv t 'the amoun~ 18 J;Jeede4 by the City ttm 34 11 the ~ to»' ~-1' was mltbo1'1me4J cmA 3 s !I \'illEI1.E.AS, 1t 1a ~ the beot !nterest ~ the City that 36 11 the a~U04 ~to on4 00~011 of tho Fire station ~ 3 1 11 btall4S~ be OOAnllloed at tb.e earlleot poord.blo dato, tberobr I Page No. ____ 1~ ...... . I 1 creating th1s an emergency meaaure ror the immed1ato preservation 2 of tho public peace, property, health and satsty, as well as a 3 more efficient adm1n1strat1cn end operation ot the Fire Dopart- 4 ment of the municipal governm ent• therefore 5 6 BE IT ORD AINED B1 TBE CITY COMMI S SION OF TH E CI'l'! OF 7 LUBBOCK: 8 SECTION 1: That tho bonds of sa1d City, to be called 9 , "CITY OF J.UBBOC.K _. TEXAS, FIRB: STATivN BUILD!NO BOtiDS, SElUES 19,6''• 10 \be issued under and by virtue or the Constitution and laws or the 11 State ot Texas, and the Charter or the City, ror tho prpose ot 12 the cona~ruQtion, erection; enlargement end improvement of Fire 13 .1 Station Buildings. purchasing s1 tes therefor nnd furnishing and. 14 ~equ1pp1ng the same in tho City o.r Lubbock, 1n the principal sum 15 1 16 ii ot SIXTY THOUSAND DO!URS ( 1 60,000.00)" ~· S~CTION 2t Thet said bond s shall be numbered oonseo- 17 1 lUtively from One (11.) to Sixty ( 60) 1neluD1Vo• shell be or the 18 ldenom.inat1on ot One. Thousand Dollars ( $1,000.00) each, aggregating 19 1 the ~of Sixty Thousand Dollars ($60,000.00). 20 21 l S F.CTION ~: Tbat e a id bonds shall be dat e d Y.arch 1, 1946, and shull mature in oooordanca with the following schedule: 22 M'ATU.RITY DATES AMOUNTS 23 l to 2 March l, 1947 0 2,QOO.OO B to 4 U&roh 1, 1g45 2,000.00 5 to 6 March 1, 1949 2,000.00 7 to a March 1. 1950 a.ooo.oo 24 25 1 9 to 10 Maroh 1, 1951 2,000.~0 ll to l2 Maroh 1. 1~52 2,000.00 1~ to 14 M~roh 1, 1953 2,000.0 0 15 tQ 16 March 1, 1g54 2,000.00 17 to 18 u arch 1, 1955 2,ooo.oo 19 to 20 'M"ar9h 1, 1956 2,000.00 21 to 22 Murob 1, 1957 2,000.00 25 to 24 March 1. 1958 2,ooo.oo 25 to 26 ~arch 1, 1959 2,000.00 27 to 28 March 1, 1Q60 2,ooo.oo 29 to 30 March 1, 1961 2.ooo.oo 31 to ~5 March 1, 1962 B.ooo.oo 34 to 36 Ue reh 1, 1~63 3,000.00 37 to 39 March l, 19&4 3.ooo.oo 40 to 42 March 1, 1965 5.ooo.oo 43 to 45 u aroh 1, l9G& 3.o oo.oo 46 to 48 March 1. 1967 3.ooo.oo 49 to 51 Ma~ob l, 1968 3 1 000.00 62 to 54 March 1, 1969 3,000.00 55 to 57 March 1, 1970 3.ooo.oo 58 to 60 "aroh l, 1971 3,000.00 26 29 J I 30 31 32 34 35 36 SECTION 4: That all of said bonds sball boar interest 37 . rom data until paid at the rute ot OR~ ;.ND Oti.L!.-l:IRW'N§l i;~·--C-:etl'UM lint) per annum, payable on M8rch 1st end :Jeptember lst in eaoh 4 1 year. the first .interest payment date being March 1, 1947; such 2 interest to be e•idenoed by proper coupons attached to eaoh of 3 said bondS. 4 SE OTION 5a That the principal and in-terest at sa14 5 se:"ies of bonds shall be payable on presentation and surrender . , 6 ot bon.ds or proper coupons • in lawf'ul .money of the United S tates 7 of Amerioa, at the GUARANTY TRUST COMPANY OF NEW YORK, JmW YORX 8 1 OIT!', NEW YORK. 9 'il SEC!'ION 6: That eaoh of said bonds shall be signed bT 10 the Mayor and oo untflrai gned by the c 1 ty Se~retary: and the oorpor- 11 ' ' I' ate seal of ~e "OJ:TY' 01 LUBBOCK, 'l'EXII.S", shall be im.presaed ttpon 12 eaoh of them. 13 1 14 fl SECTION 71 That the facsimile signatures ot the Mayor and City Secre1iary may be lithographed or pri.nted on the interest 15 I 'j coupons atta.ohed, to said bonds, an.d ahall have the same efteot as 16 I • . 17 it they had bean signed by them. 18 11 SEC'nON 8 z That the form. ot said bonds shall be sub- 19 '. stu-tially a a follows: 20 NO. 21 22 23 I 24 1 25 I UNI'mD STA'l'ES 0'11 .AMlmiOA, STA~ OF TEXAS, OOUNT! or IIJ'BBOOK. am 01r LUBBOCK .. TEXAS FIRE STATION I • BUILDING BOND, SERIES 1946. $1,000.00 CITY OF WBBOCK, a mttnioipal corporation, of the State . 26 1 of Teas, ao.k:llowledges itself ~ebted to and, J'OR VAWll RECEIVED, 27 1 hereby p~Qm1ses ~t o pay to be•rer, the sum of 2s j . . . ONB !IEOO'S.AND DOu..ARS . 29 {$1,000.~0), in lntul .money o~ the United States ot America, on 30 : the 71RST DAY OJ MAROH, .19 , with interest tb.~reon from the I • 3 1 date b.ereo't untll paid • at the rate of ONE ~ ONB-HAI.F PER CEN'l\IM • 3 2 i (1~) per annum, pa,vable on Maroh 1st and September lst 1n eaOh . . ~ .. 3 3 year, the first interest payment date being March 1, 1947, on 34 preseJltat1~ and surrender of the annexed coupons as they sever- 35 ally mature. 36 Bam PRINCIPAL and interest of this bond are hereby . 37 made payable at tlle GU.ARAN'lr TRUST COMPANY OF NEW YORK 1 ~N YOM I a:tTr. HBIV Yamt. Pllfe No •....•.. , •... -... 1 THIS BOND is one of a series ot Sixty ( 60) seriAl 2 1 bonds, numbered from One (1) to sixtr (60) 7 both inolusive 1 all 3 1 of said bo~s being of the denomi.nation of one Thous·and Dollars 4 1 (0 1:000~00): aggregating in amount SIX1'Y 1'HOUBAND DOILARS 51 ($60~000~00): and is~ued tor the purpose of the oonstruotion: 6 erection, enlargement and improvement of Fire Station BUildings, 7/ 1 purohas1ng sitos there:or and furnishing a.nd eqU1pp1n~ the same s 1n the Oity of" LubboCk,. Wlder authority ot the Constitution and , 9 1 Laws of the State of ',l'exas, and the Charter ot said City, and 10 jl pursuant to an ordi~oe d:~y adopted by t.b.e City Commission ot 11 the 01 ty at Lubbock, Texas, and .recorded 1n the Minutes ot said 12 . i C1 ty Oom.m.1ss1on. 13 !1 IT IS lDiiRliSY OERTmaD·, Rl£0ITED Am> REPRESlm'l.'ED that 14 the issuance ot this bond and the series of W11 oh 1 t is a put 15 I 1e duly authorized bJ law and by a vote, of the, qualltied property 16 taxpaying voters ot the City ot Lubbook, Texas, voting at an 17 election held for that purpose w1 thin. said 01 t7 on the 11th dST IS ot Deoember, 194Si that all acta, conditions,· and things required to be c1one precedent to atl4 in the .1sauenoe ot th1s series of · 2 , J 21 bonds, and of tbia bond, have been properly done and performed , 2 and .have happened in regular and due time , form and manner as required by law J that sutt1o1ent end })roper :provision tor the 23 • ' I 10'VY and oolleotion ot taxe3s has been .made which, when collected, 2· 25 shall. be aJ)propriated exclusive~ to the payment ot this bond a.nd 26 1 the series ot 'Which it iB a part, and to the payment of the 2 7 interost COt\J:lOns the.t'eto annexed as the same shall beoo.m& due; , , 28 II and 'that the total indebtedness ot the c 1 ty of Lub book, Texas, II , 29 1D.clu.dihg the entil.'e series of bonds of wh1oh this is one, does 30 not exceed aoy constitutional or statutory 11m1~t1on. I I , , 31 I IN TEST XJ:IONY VIB.EREOF t the City or Lubbock, Texas I by I 32 j its Cit.v Commission, has caused ita corporate seal to oe affixed 33 here~o, and this bond to be signed by its lla1or and countersigned 34 by lts City Seoretary • and the interest coupons hereto attached 35 to be exeou$ed by the lithographed or printed taosimile s1gb.aturea 36 of tha Mayor and City Socretar.r; the date of thia bond, in oonto ' 31 ity with the ordinance above referred to, being the :tirst day ot ' . . Marob., 1946. Pace No. -··6-; .......... . l; . IF J eyor, y 6-f Lubbock, Texas, 2 GMTERSIGNED1 4 p Bare,My- Lu EB &—, exa9 5 t SECTION s That the foam of interest aaupon shall be 7 substantially as follows: NO, ON TEE � DAY OF „ the ©1W CF LUBBOCg, a municipal corporation of the State of Texes , hereby prords e s to pay to bearer4 at the GUARANTY TRUST CQMPAITY CF NEW YORK, NMV YO3RK CITY, HM YOM, the sum of 2 DOLLARS ($ ) , in lawful money of the United States of America, being �mvnths' interest on the "4ITY OF LUBBOCK, TKXA.g, FIRE STATIOlt EUILD 3no BONW O SM33S 1946" , dated March 1, 1946. Bond ITo._ GIEF seoMary Mor SECTION 14. That the following oertifioate shall be printed on tbLe 'baak of each bon&: '21 = CE OF OOM"'MOLLLR STATE, OF TM= REGISTER NQ.� I IMMM t T1W that there is on file and, of record 24 in alp -office a certifioate of the Attorney General of the State of Texas, to the effect that this bond has been examined by him as required by law and that he finds that it has been issued im aonf amity vd th the C ens tituti on and laws of 'the State of Tomas, 29 and that it is s valid and binding obligation upon said City of 30 Lubbock, Texas* and said bond has this dap been togistered by me. 31 ASS M HAD AND SEAL Or OFFI CM , AT AMSTIN , TEMIS , 32 33 34 35 36 37 i camp rD er O u B AccoUR8 Df the State of Texas, Page ... 1 SEOTI ON 1;1: BE r.r FURTHER ORDAINED Br THE CIT!' 4 2 COMMISSION OF mE CI'lY OJ' LUBBOOX:: 3 1 That to pay the interest on said bonds and create a 4 sinking tn.nd sutt1o1en to redeem tb.e.m. at maturity, a tax of s ~ 4hte.-cmNTS ( I;J.,) on eaoh one hundred 6 jdolla:s' valuation ot all ta,xable property in the City ot Lubbook:~ 7 j«texas, o,_. such an amount as .may at all times be legally .necessary, 8 ~shall be annually levied on said property and annually assessed ' # 9 land oolleoted, or so .much thereof as shall be .necessary_ or in 10 , addition thereto as may be required: until said bonds with 11 linterest thereon hav~be~ tully paid; and the said tex ot 12 1 1 cfltt.&.:~-~ ODTB { 141H is here now levied ,, b'~ ' 13 1 for the ourrent year, and so much thereot, as shall be necessary, H or in addit~on ther~to as .may be required, is hereby levi.ed tor 15 ' • 1eaoh suooee41lls year 'While said bonds, or any of them, are out- I6 · !standing. and the same shall be annually assessed and collected 17 • land applied to the purpose named. 18 SBOTION 12: BE rr FURTHER ORDAINED BY mB OI'l'!' 19 21 !hat the Mayor ot said Oity shall be and he ie hereby 22 ~uthor1zed to take and have ohar~ ot all neoessary orders and 23 r ecordS pen41~ tnvest1gat1on by the Att orney General of the 24 Gtate of 'l'exas, and shall take and have oharse and control ot I . 25 the bonds here1A authorized pending thei~ approval by the Attorney 26 General and their registration by thEt Comptroller of Pu.bl.io Aooount • zs ~OMMISSlON OF~ OITf OF LUBBOCK: 29 1 The taot that it is ~ the best, interest of the City 3o ~hat the authoriz.ed co.nstru.ot1on, e:ectiOA, enlargement and im- 31 proyemeJlt of F1re Station Buildings, purchasing sites therefor 32 turnisbing and equippin8 the -same in the City o~ Lubbook, ' 33 e co.nunenoed at the aar~iest possible date • oreate.a this an. 34 rgenoy measure tor the immediate preservation ot the publio . • # • 35 eaoe, property, heal. th and safety, as well as a more ettioient 36 4mSn1strat1on and operation of the Fire Department of the 37 demanding that the Charter prov1s1c:»ns to the Page No. ····s-;······-··· 1 j affoot that no ordinmoo atiall be .pusued on the day on 404h it 2 uhall be introdwedo be ouapoded,, and thin ordinanoo is harob 3 ; deola"d an wmeowy iIS3H mim,, by unanimus hots of tho 'City Damimion r sa the eam shall taL:e of fwt from and after its 5 p©ssao * and it ie Go ❑l-dulnefl. . PASJ 7 I� r AYYRMD r tUs the I M day of t%r& r 1946. Sf I j r 9 r �{ �>T 1 11 I� u 12' 1.3 UrEFF :5u T r y a r- 5nf3, ,i 14 f 15 (city .'f.. 16 l� 17 18 I 19 20 21 I 22 23 24 25 26 27 28 29 i 311 i 32 ' 33 34 35 , 36 37 Page