HomeMy WebLinkAboutOrdinance - 755-1946 - Issuance Of $88,000 Bond, Police Station Building - 03/19/19461
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COum.Y OF LUDBOOlt
OIT'l .OF LUBBOCK
OIU>I!IAliOE A.UTHORIZlllG IDSUANOE ·
01' 088 ,000.00 "OlW Ol7 LUBOOOIC,
'mAS , 1 OLIOE S'rA~ON BUILDllU
BOUDS , SERIES 1946~, dated
. UARCII 1, 191t0 •
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o~-\.9-\ S>4lp
:zss
ON THIS the 19th 4Jr1 ~ Uuoh, 19/.6, the City Comm1salon . .
10 1 at the C1t7 ot LUbbook 1 Texas.. oonvone4 1A oal~ed S9sSion, a~ the
u reBQ1ar meet1ns place tho"l'OOt 1n the City liall, with the tollow1na
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12 mem.be.ra the.reot, t..o-w1t:
13 o. w. RIDDLE , llAYOR,
14 1 7 . H. OHIL'D.RESS, I 15 Z • RAY DiaKBf 1
16 \1 . a. PRiam,
lAVINIA WILLIAMS, SEORM'ARI, .
18 l pruen~, and tho toll~wina ~bsentt Rub gones . ,
19 !oo.nsUtutS.ns a quorum , when, amo.n.a o1iher prooeecU.ngs ha4, uere tho
20 following:
2 1 1 Oc:xnm1o81oner Vi . B. Prloe preaen1;e4 ~or the oons14erot1on
22 1 ot tho 01ty Oomm1&s10.n an ordinanoe autbo~ ttie issuance of
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$88 1 000 .00 "Cl'lY C1J1 LUBBOOIC , TEXAS , POLICE S'rATIOll m;JILDINO DONDS ,
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ljSBRDS 1946", 4ote4 Daroh 1 , 1946 .
1 The orcltnanae was read 1D. tul1 by tho Oity SeoretaJ.T.
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Theroup®, Ooomiss.toner J . nay Dlokey, JllOVG<1 that . the
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~ 1rQle req~1~1n6 tha1; no ord1nanoet ohall be passod on the day on
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oh it is 1ntroducod be suspended.. and that in new ot tb8
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li etneraenot ~set forth and detlnod 1n thfJ proclb:&.e ~ tho p~os~
11or41Danoe 1 that the D61!10 be declared an eceraenol' measure. 1'h10
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motion 1188 dUly oOOO!i4od bJ Comrn2so1oner w. D. Frioo. The motion 32 1 .
I carried by the follOWing votes
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1[ A'!ESa ~~ ni\lblo o.n.d · Coe'Jru1sa1oners Ch114rees,
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t-34 Dickey and Pr!oo.
__ 35 1 UOESa Non.e .
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2 ~oe ~4 been deo~d an emereenoy meatP.!.re b,. ws.atdmou.e
3' "ffte ot tbe COI!m1881on.
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5 ord1.1l8lloe as read 1n: tull by the o 1ty seoreisarr be f.tnal.ly paaae4
6 and adopted by the CaDIDiasion:.· i'hia oot10l1 wae ooocmded by . .
7 Ocxomisaloner ;r, Ray D1okV, anA tbe motion, carr)'~ w1th it t.be
• 8 final pasaao and adoption ot the arcU..nanoe, nos unao1mousl.y
9 oe.rried by the follow1n8 vote l
10 ~' Uoyar Ribble and "'CQmClias1on.era Oh1.l4l"ess •
n1-0k:83' 8114 P~1oa.
ltOESt UOlle •
n/i thllreu,pOn slanecl 11114 ~pzoved tile arifnaaoe ill the pres81108 of
lS i! the Oomm1es1on .
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"Alf ORDilWiCB by the Oitr O(l!ltl11ss1on of tlle City O't
Lubbock; Texa~ author1zing 'tho issuaaoe ot
0 88 OOO eOO •url"X em LtmDOOK 'l'EXA8 roLIOE tsTmw·BUILDIOO BOi"'Ds , sUs 194&• , dated
Yaroh 1, 1946; ttor the p~ose ot the oonstrttot.-
1on! ereot!on, anl.argomt)nt and mprovowm't ot
I>ol oe Station Du11cU.nss and tumlabiag aD4
equipping tho s .. M4 puroh:as!ns a1 tea thoretor
in the oltr of tttbbosa preooriblng the tos ot
tho bonds Md the tom ot iD.toroat oouponaa lftJ•
U6 a eont1nu1ng direct 81Ulwil. a4 valorem tax on
aU taxablt» properties Within tho 11.m1t.s of enid
01ty to PQ' the i.nterest on suoh bol14s ao.d to
oreato a 81nk1nG fund to~ the r~pt1on thereot,
and prort.dins fo~ tho nsaenam.ent nnd ooll&otlon
ot such tax& enao~ »rovisione incident 8114
nlatins to tbe subjeo' an4 ptU,poae of tb1a
oz,tt nano:o 1 iui4 deoLnrirta an GllJSrgonoy ."
. · ~' undel-and by virtue ot en ordinanoa dUly pu884 .
aD4 actopted by; the City Co'"'?!solo~ ot tho City of . Lubbock, 'rema ,
on the 20th 4a1 ot Ilcwember • 194~, an eloctio.n. was or4ore4 to be
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he14 in add City on tho 11th dc,y at Doocber, 1945, a1; whioh
•leotlon the tollowins proposition was submitted to the q•Ull1f1ect
eleotor.e ot a.id Oity:
1fSHALL the City Catunission Of tho Cit¥ ot Lllbbook be
authOrized to 1ssuo thO n&SQt1able intereot bearinG b0n4.a . . .
ot the City ot Lubbock 1n the emoun.t ot $8&.0QD.OQ.,. ... ~arins
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11\~el\'est at a ~te of .not exoeoa'Sng tJuoee and one-halt
' »erOGtWil C3M&) per annua from date fUl4 oaturing at
stlOh Ume ~ timea as MY bo dealuod moat exp841~ by .. .
the City Oommias~n, eoriall.y not lata~ tban twent~ .
:tive yeua rrow. the1x-dato, tor the pUJ:poae ot the
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.oonst1'\\ot1on, enoti9n~ enla~t an4 irapl.'a"em.e.-
o'l Pollee Station BWJ.41ngs aD4 f·~ erd equ1pp1Da
'the aam.e I.UJ4 purohaaf4g ai"o thentor 1h the 01ty of,
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· Lubboc*j and ebL\11 tiler() be 8J.UlU8l.ly lev1e4, assessed
~ ool.leoto4• while said bonds 021 an, ot the$ are out.-
atnn41na, an a4 valorem tax upon au taxable pl:'Opertq
within aaid, Oi~T autt1o1ont ·1n JWOun\ to pay the annual
interest on said bonds end. to provide ·a •i.nld.ntJ tun4
to pey the J)~ino1pu thoreot as 'the same 1lia'tt1rG's .
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.AND ~IDlAB, ttpo.n oonatdora'bion fYf tho .ro~ of ea14
eleo1;1on, the . 011;y Como!aaion tound th.Bt Said oleotion had been ..
17 oonduo"d 11'1_ the m.anner plreSol!ibed by law, ent1 was in all respects
1s·l!· legally held• attor due and 11roper notiae as required by low; ·
19 11 tlla1i due roturlltf ot said ~lectlon had beon. made by ~e proper
20 ' ot~ioers ,) that s814 election roslll ted ffivorabl,y · to the 1Sswmoe
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21 qt salA bon4B; that a lil&Jod.w Df the qualit1ed eleotws, vot!na . ,
22 at sa,14 el.~otlcn, voted in rave~ ot the 1oswmoe ot aa1d bonds J
23 and that the 01ty Commission 1a in a11 tbings authori~ad to
24 isatte au14 bQI24s and to do a~ nnd aU thingB neoee~ 04/o:r
25 oonyo.tdmt 1Jl oon.naot~on -t;~~!thJ and
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21 the authorized i,aip:ovemell.ts md OO.nntwot1on of the t·ollQe station ,.
28 I Bo.Udinss be :oommenc&d t:l.t tb.e earliest poeBtblo date, t}lere'by
29 ~re•ttng this an emusency .mel\mtre to~ the ~df.ate preaerratiOD
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3o ot the 'publio pthlco, proporty, health arid Safety., ~s :weU .._s a
31 I more efficietm ad.m! n1atration and operation or the Polloe Depe~
32 mant o~ the municipal govorm.ent,J ~hontore
33 1m IT OliDA!NED DY THE Or.tY OOW,O:SSION OF TRE On'!' OF
34 IJJBBOOlt&
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1 1 be iesuod Undo: and by v!rtuo ot the constl~ution and Laws of the
2 State ot T~xne, and the charter of the Olty,. tor the p\U'j;)ose ot . .
3 the constwction, el*OoUon, en1cr~t and improvemant ot Pollot
41 Stnt1on BU1ld1..ngo and furnishing and equ1pp1n8 the sru:no an4 pt.U'-
5 Iohasillg oS.tes therefor in the oity ot LUbbook : in the prinoipal.
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6/i·sum ot EIOB'l'r•EICE'r mous.AND Dol'.LJ\RS (Oss,ooo.oo) •.
1l OOOTIOit 2: That said l,)ond~J ahaU bo nUI!lbered oo.nseo-
s uttvely fl:O!l). one (l) to E1shtr•e1sht {88). 1nolua1ver shaU be ot
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9 1 tho denam1DaUon ot Ono Thousand Dollnm ( $1,000.00) ec.oh, ~
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1o jsat1Jig the sum ot Meh.ty-EiSht. "Thousand Dollars (088 ,ooo.oo) ~·
n 11 SEOTION l• Thot said bonds ehaU bo dato4 uaroh 1,
12 1'1946,. and shall matttre in aooor«ano, with the foUow!Ji8 schedul.et
13 1 1BONDBfe MAT9Rm DA:r'ES J\UOUBRS
(m c W1 ve)
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1 1 to 3 Mnroh li 1947 ~ ,,ooo.oo 15 1 4 to 6 Maroh 1; 19.46 3;ooo.oo
7 to 9 Uaroh 1; 1949 3;.ooo.oo 16 10 to 12 Mar cm li 1950 )#ooo ·oo
17 11 13 to 1s March 1;.1951 .,,ooo!oo
·16 to 18 Yaroh 1; 1952 ';ooo.oo
19 to 21 Maroh 11 1953 );OOOeOO
22. to 24 Uaroh lt 1954 3tOOO•oo
25 to 27 Meroh 1; l9~S ,,ooo•oo
2! to i I!Qtab 1· 1956 ';OOOeOO 34 to 3 March li 1957 3 i0004.00 34 to lJorah l; 1958 3;000;00 7 to Unroh li 1959 4;000.00
t H = it tj~ ttgggzgg
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22 9 to S3 ua~. 1; 1962 4;ooo.oo
2 ,] .53 to 56· March 1, 1963 4;000•oo
J H to 6o March 1.1 1964 41000e00
I 1 to 64 Uaroh l.i 1965 4iOOOeOO 24 1 5 to 68 Maroh 1;. 1966 4;ooo.oo
I 69 "~ llaroh 1,· 196? 4;.000.00 2 5 73 t 76 liaroh 1 · 1968 4 000 00
I 71 t~ ao Marab 1',· 19699 4! oooZoo
26 , 41 tO 84 Yaroh 1 · 19'10 4 ~ OOOeOO
27 ~ 85 to 88 lluOh 1:· 1911 4!ooo.oo
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j ggrlOR A• That all. or ea1d bonds shalL beu intereat
I . 29 ,~o.a 4&'~ Wt\11 . pa14 at -.e rate ot ONE AHD ONB.lfALP PER OElflW
30 J (1~) pa.r annum• »arable on !dorah ~at and Sep1)em~u , 1a' 1n taoh
1,7'88~. thO firs~ interest pOJJUin~ elate be~ ltcu-oh 1, 1947J auoh 31
interest to be evi48110eil bJ prQper coupons attaohed to eaoh o:t 32 .
33 aaid bOnds.
34 S:SO.f!pB 2~• ~hat the pr1n.o1pal. ail4 interest ot ea14
35 series o't bondS ShaU be p~able on P"SGD.t8t1on aDd Sanende~
36 ot bonds o~ proper ooupona, in lawful monoy ot tbG Unit.ed a~atea . .
37 Of America, at. the GUARAlf.l'r TmJST OOHPAR'f aJ1 NEW YOHK• ~ Yomr
Olft I NJV/ YORit. Pllie No. ·····4·· .. ~··
1 S}Wl'10N 61 ~~ aoh at ad.4 bonds ahall bo ~4 by
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the Jlqol' aDA ooan•niped b7 the O.l v s eoratary, 8lld the oo
3 l ate seal or 1ihe •CJI'l'r ar IJJBB:)cnt, TEXAS• • Shall be impftsse4 upcm
" eaoh ot tbu.
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6 and 01t3 seore~ may be lithographed or pdnte4 o.n the interest I ,
1! ooupo.1111 *'" ao.b.ed to sa14 bo.n4a 1 aD4 ahall han-o the same etteot aa
s if they ha4 beu S11.Jle4 by~
S;Bo:r;.tON ~~ That tb8 tom ot said bonds Shall be sub-
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stant1all.T u tonowaa
ul uo._ ...... _
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tml:'rlm S'l'ATBS Oi' J\HBRIOA 1
STATE OP TEXAS I
OOUN'l'!' ra rmmoas::.
01'1'! OF WBBOC£1 POLlOlJ UTATIO!l
llUILDmG Bmm, Slml!W 1946.
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16 1 OrlY (6 IDDDOCKw n mun.ioipal. oorporation, ot the Stnte
17 of Teas~ aoknO\vledgeo 1tselt 1a4obted to an4: FOR VALUE BEOJaVl;D:
lEI herobr pJI'omisos to pay to bearer, tho OWil of
19 !_ ORE '!HOUSAND DOLTJJtS
20 (Ol,ooo.oo). ill .lawful JDOney of the United Dtate s Of Amarioe, Oll . ,
21 the !'XRS'r DAY o., UAnaB, 19_, w1 th intoroet thereon troa . the .
22 date hereof until poid, at tho rate of ON:B JUID Otm-BA.U' l'ER CEN'l'tlsl .
23 (1~) per annum, payable on !.!ai'oh let and s eptember 1st in eaeh . . . 24 year, the ftrot 1J1teront p8J11811t 4ate being March 1 1 1947 • on
2S preseatat1on and surrGDder of the annexed ooupons as tb.ey seve ..... l<ll..&... ... ~
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27 I • BOM PRINOIPAL and interest of Uh1s bo.n4 are hereby
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l.ma,4e p8Tflble a~ the GU.ARAN'J.Y 'l'RUS'P. OOMPJWY OF NEVI YOIUC, NBV/ YORIC
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OITI, NE\1 YORK .
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THIS BOlm Is o.ne ot o. serteo of Elahty.eight (88)
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1 aerial bonds, numbered hom one (1) to Eight,--eight (88), both
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111olus1~e, all o~ add bo.n48 beiil3 at th8 denomination ot ODe
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Thousand Dol.lua (Ol,OOO.oo). aooresatinG 1o amoUilt EICJB'l'f-EIOB'J . -34 m om.AND DOLLARS (Qe 8,ooo.oo), and iSsued tor the purpose ot the . . 35
oonnuuatlon, ereot1on 1 Gnlarseaent aDd 1aprove&'i18llt ot Poliae
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s tation Buil.cU..nGs end turniahins and equ1ppins the anme 8D4
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P-.e No . ··-Sw:-···--·-
1 purihaalng sites therettcno 1n the 01tT at LUbboot, UDder authorl\7
2 1 ot the cons~tution C~nd IAlms of tho State or '1exo.o : and the Oharte
3 of said Oity , and p\U'Suant to on ordlnanoe duly a40ptecl by the
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4 1 Cit1 Oommias~on of the City ot ~ubbook, Toxas , BD4 l"'oorde4 in t.bl
5 l l&!J:ultes ot said City OOQ!!llaaion.
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61 IT IS HEREBY OEH1'IFXED , RE CITED .AND RBPRESE&'l'ED tba\
7 ~e isoUAiloe of this boJld and tho aeries of 161oh it is a~
a is duly auth .ori~d by law a.nd bf a vot.et of the q\lal1t1e4 J>NPGI't1
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9 1iup&Till8 voters ot tho City ot Lubbook, Texas , votin8 at a
10 1•loot1o.o. he~ for th&t; pu.rPOse w~t.hin 8&14 O~tT on the 11th 481
n Of Deocber, l94SJ that all oots , ooD41t1o.ua, eD4 ~ requir84
12 to bo done preoelen't to all4 1Ji the 1aswmoe of this aeries ot
13 bou4s • Wl4 ot this bond, bilve bee properly done 8Z1d pertomel ,
14 and have happoned 1n regular an4 due t1£18 1 tom and mannnr as
15 requi.n4 by lawa that sUft1o1ont and proper prOvision tor the . .
16 1ny .a ooUeotion ot taxes has beon made whioh, when cOllected.,
1 7 j'&baU be appropriated exolwd.vely to the p_,ment ot this bon4 d
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the series of Ydiioh tt is a part1 and to the p~.ment tit tho
19 I ·uteres$ ooupons the:roto annexed u the am• shall boooae daeJ
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and that the ~tal 1D4eb~ss ot tho City ot LUbbOok, Texas ,
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1nolU41na the ontil:'ti series ot bonds ot which this 1s on.o, dooa
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not exoee4 f1Jll' oonot1tut1on8l. or statutory l1mitation.
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its City Ccamlaaion• has caused its oorpo~te seal to bo atftxo4 zs r ,
~ereto , and this boDil to be s1~ed by its Nriyor and countersiem« zq . .
lby ita City aooretary, and tho 1.Utor~st ooupomJ hereto r:l't;taoh84
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Ito l)e uooutod by the litho.,...phe(l or printed t'aosimlle siGQataueea 28 ' ~-•
at th6 Mqor Qlld citr seoretar.v a the date ot thi& bohll, t4 oontoa-~r .
ty with ·the oJ.'tirumoe above reten-04 to • being •o first day ot 30 • •
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rab• 1946 .
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2 sUbstant1all.y sa tollorm 2
3 110. ON 'lliE DAY W .----1.9 ••
4 tbe CIT!' 01!' LUBBO CK , A troNIOIPA!4 OORP OR.It.TIOlf ot the State ot
s Te:ms • hereby p ranises to pay to boaror, a t thO OUAIU\l'rrf 'mUS~
6 OCIAPAN'f' dr lm:Y.' YOnK; NEVI YORK onY, NEW YOIUC, t h e aum ot
7 DOtLAnS
a ( $ ) • 1rl. lawtul mon01 ot the Un1 tod a tatoo of .Am.erioo, l)e1a8
9 months• lilteros't on the OI"!Y o-g tunnocnt, 'fEXAS, l'OLIOE S!rATIOB . . . .
10 BtJIIJ)INO BOnDS • SER IES 1946" • d a t e d Unroh l, 1946.
11 Bond No •. _.....__
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13 -"""'~d ... lr-rt-~'"""~H'-"'e-"o-r-e"t"ta-rt.....-•-.._.... __
141
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15 1 SEO'rl ON 10 a That th& toU0\11ll8 oo.-Utioate aliall be
19 I HERrJ3Y OERTI:rr that thoro 1o on tilo on4 ot re001!'d
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, 1n D:f ott1oe a oertifioate or the Atwrn6y. Genoral of th.G s t::.te
2 1 I · ot Texas, to the etteot that this bond hoe boon~ by .h1I:L
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I as required by law an4 tb8t he t1D4s thot it han been iomted in#
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l.oontomi'J TJ!th the C onst1~U't1on ond Latto ot tho State ot Texas,
24 I and tha~ it is. a valid and b1n41ng obligation upon sa14 C11Q' of
25
LUbbock • 'l!exaa • and said bonA hao this dar b~en l."etJ,ste.re4 by me.
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I \'ll1'1IDJS lit RAND ANl> SEAL OF Oll'FlCE 1 AT. AllSTIN • ~ t
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c~p~rol!er o! PUb11o'Xoo6untia
of the s tate ot Texas.
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~ SBOTIOU Ut BE IT i'tlRTHER ORDAllmD 1Jr 'l'llE 011'!'
32 I c<JJUia ,xou 0'1 IJ.1Il:S om oJ? ummats
33 1 , That to p ay the interest on ~d bonds and Gnate a
:I ~ suffla1JI1t. ~ redeem .than at t~~atllri 'V ~ a tax o~
~~.omrrs (~) on eaoh on& huD4re4
36 4ouo.rs• valWlti~ taxable prop•rt.Jln the ottr of tubbook,
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Pa•e No .......... ,... ..... .
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Ta.al$, or au.ob an amount as u,y n " aU t!m.ea be legaUy neoeasuy
ahall be annually lQvied on said pl'Ol)erty and ann~ assessed
and colleote41 or so much thoreot as ahllll be neoeastll't '" or 1A .
ad41~1o.tt tharetO as • be required , ~11 aa14 bo.Q48 with
eaoh auoceeding year while oaid bonds, or ~ of them, ue ou~
Qtancung. and the same sboll be EUJ.llunl.lJ e~ossed and colleotQA •
an4 applieil to the purpose named .
SXOTION 12.a BE !T WRmER OBDA.I.mm Br THE Ol'l'!'
O<MliSSl ON (!I 'l'f1E Clli't OF LUBDOOKt
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i ree01'48 pan41ng itn'eatigation by the Attol'net General of the
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State ot 'rexas • 8Jl4 ehall take ~ have charge and control or
the bODda herein authorised. penaJ.ns th&U approva.l bJ the Atto:-
h
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a.ooounta.
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23 : Th• faot that 1 t 'iS to th$ bes"\ interest of the City , .
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2 s I provom.oni# ot Police Station Bull~~ pVGhaalng altos tba~t.-
26 jl lln4 tw:l118llinlt 11114 equipp!Ds etJui IJ!~£~8 ~ the 01 tr ot Lull boOk , be
27 /· oomm.enced. at th8 earl!out possl ble date, cr,ates th1s an a· nn88Jl031
of
28 mess~ tQJ.' the JJmnaaia.te presc.tl'Vat.!on of the ·p\tblto pQ.I.\DQ 1 J>%0p-
29 erty. health U4 satety, as weU as " more et:f1o1ent ·a4m1 n!at.n-
30 j .t1on ad o~ra~ ot the Police DepCU'tmont ot ~ mtmioipal
31 I gOVOm.ment. demanding that tho Ohal"ter pJIOVis!ons to tbe etteot
that no Ql'«tnano·o shaU be passed ·on the da1 on tAliob 1" shall
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! be 1ntroduoe4 , be auspenaea, anA W.s oJ:d1.11anoe 1s hel:'ObJ' 4e-
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o1GM4. an U18~genoy Mnaure by untUJ!moua YOte ot t.ba 01tr Oe~ZJ~~~a
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35 .mission! an6: the same ahall ~ otteot trom ana after: 1 ts
j pes ease, and t t 1s so ort\ained. · · 36 1 ·p~~D t.b.!O the 19th dny of !larch, 19M. ·
37 APPR -. this the 19th l&J of Ma~, 1946.
ATTE&r ~ . P.,e No .................... ..
~ >0\C'l... "'"-"'-".....:... "'""'-""" onm::-.. .' ~~ CD,-:~.:.: ~·