HomeMy WebLinkAboutOrdinance - 763-1946 - $90,000 Sewer Extension Bonds - 03/19/19460'3-19-Ls4(0
1 <lmDl.AHOll AU'JBORXZlNO ISBUAllOI Jll3
Ol 'ii'90 tOOO.OO "Or.t'f C2 I.UBBOOit,
2 'l!EXAS; SIER PJCmlSICll BOlOO , BFJaES
1946" 1 DA'I'.ED IWlOH 1 1 1946. . I
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5 jmll STA'ln OF 'l'RXAD I
6 OOUN'l'f C1l WBBOOX
1 Ol'lY ClJ1 LUBBOOX
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C11 mi8 the 19th 4aT ot J.tarGh; 1946, 1;h8 01t,y Oocw1sa1 9 ; •
ot tho C1\v at Lubbock, 'rexaa, oonv81U14 in OIU.lod seaalon •t the
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jre£U].ar •8 t..lna P~e thereof, in the C11ty Hall• with th~ tollow-
1n3 t!UDben thenot • to-witc
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l. o. w. Rll1BI.B,
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14 l 11 . B. GKIIDRISS,
JIATOR ,
t5 jf I. BAY Dl";DD't
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17 SEORln'ARY ,
18 lpnsent 8.D4 the tollowins abauta ---~HU:,;:o::;b....:~:.~P:;,;:A;;;•~• ...... -----• . .
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11 ooaUtu1;1ng a q~ 11111ea, amo.ns othe,.. prooeecU..nas had, were tb.e
20 jl tet1low1bga
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1 aoans aaoner w. B. Pdoe ~aanMd tor tbe oona14era1d.o.
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22 jot the ~1V OOIIIid.aalOll ~ o~S.nanoe authorizing tb.e lasnanoe ot
23 · 90,ooo.® "orl'f 08 WBDO<E, 'mXAB, SlMBR KX'mtmon BONDs, BEBl!B I • ,
24 '1946", dated l4uoh 1, 1946 (~ paroel ot a total issue ot . .
2 5 !$44,,000.00 b0n48 authorized at tba eloot1on held 111 ad.4 OlW' I • •
26 on DGOfillab$1' llt l94S) •
21 f Tho o:'d!aanoe was ria4 1n tu11 by the C1ty Seoretanr.
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2s l Thereupon, COQ£!11as1one~ J . Roy Diokey J3D'Y84 that tile
29 1 rule re~ that no ol't1fnanoe shall be passe4 on ·the day OJ1 . . .
30 !whloh it. is 1ntro4U.oed be ~ed• ea4 that in .Ylaw ~ ~
31 1 eaaergenor ae~ jiofth and detina4 1n the priamble to tbe p~ose4
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32 j ~oe, that t.h8 801118 be 4eolared an -.seney measure . 'rh18
33 I ~10ft .a 4n].y: aeoo.nded by Ona:dsaiODU J'. B . Ohlllresa. 'lhe
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34 1 motion oanle4 b1 tU toUcM1ns vote t
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AYBSa !taT• lU.bb le and OODt\lasioners Ch114:resa ,
Dlok!'J and P1"1oa.
Paae No ....... 1 .. ·--··
.r;:r
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2 o~tnanoe had been 4eol.are4 an emersenoy .aeaoura by t&Qantmou
3 vote ot the Coaaisalon •.
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5 01'41Darl0e aa read 1n tul.l by~ City ~re~ be tinall.s' paaae4
6 and ~ted by the Ceft!deaton. 'l'h1IJ motion was seoonded bJ ocm-
7 m1s.e1oner J . Bey Diake7t U4 the mot.lon, oarry1D8ld.th it 1;he
s tiDal. pP~ and a4optlon ot the or«S.nanoe t was uaantmou&l$
91 our1ecl by tb8 following 'VOte•
10 I AY.Eaa Uqor Ribble &4 ·c01!1111881oners OhU4resa,
I Dt.Oker w Prtoe.
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11 BOBSt ~
12 j! • ,
r; 'l'hereu;pon , the ~ aanounced tb.ot the oresnanoe ba4 13 1 . .
II beGA finallT paaaed and ·~ b1 unanimous vote ot t.be oaa-
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ll m1aeioa • in aooordanoe w1 th the requ.ireQen.ta of BeoU.ons 1', 16
15 If
j al14 17 o'f .Altiole IX at the Lubbock OJiarterJ an4 the~ thiln-
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i upon a1SD84 . and approVed the orUnanoe in the presence ot the
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I Oomm1e81oa . .
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1 The orataanoe 10 as follcnnu 19 '
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Whiob. election· the toU.owt.ns pro,~s1t1o.n was ou.bra1tte4 to the
q&Jal1tl84 eleotors of said 01i;11
•GHALt tho 01ty Oommiasion ot \he Oits'~i'oLlil~ook
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'be authod ae4 w 1aAe 1IU nosoUable 1ntereet.
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bearina ~on boD48 ot the 01-at Lubboak in aa
amount of t44s ,ooo .oo. bear1na 1nte~es' at a ate ot
AOt euea41.o.g tbne aD4 one batt per oentum ()~)
per ·emmm fftlll date 81ld ma~ •• suah "lme or ~
as !ISQ' be 48-.4 moat exp841eut by~ c1_. OtM!WI•aS.aa ,
ser1a11T ~ later than twnty-rl~ J'eGrS hom ~dr , , .
4ate , tO'I the PUJ'POM Of OOD.StJUGt1nlit e~,
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~. ~ 8114 a44lng to the sewage 418-
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»oaal p1..n, tu~ be4a 8D4 ~vina sroWIAa ta. .
. tile 88WilgO slftem, ad ~ lan48 8D4 ristLts of
war Within and l'd.ishottt tb.e ltlalts ot the 01\V' of
•
I».bboak toJr auoh BGWage 418Poaa1 pul'p0888 , aa4 ateDA-
~ aD4 1nsta1lSn3 a44ltlonal sanitary &M~WC 1Snea a ,
8n4 s~ tb.eJ-e be annuallY usessed •. levied 8D4
eoUeoted upon all kiBble property 111thln the Ci"V
at LUbboak, WhUe auc1. bor148 o~ ~ ot them are. ou.\-i ,
stanGSD8, a • sutticd.fllt 1n amow:r\ to ~JQ" the annual
illterest em suah bon48 and to pronde a ·stok:tne twl4
t• the ndemptton the~ot at .maturitv?"
., 1 AND WRBREAS, upon oou14eretlon of the rnuraa at -1 ,, '
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1 aaia. eleotlon, the Clty Oommiaalon tol#ld that aalA eleoticm bat
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23 1 been o9A4Uoted 1Jl the manner Pft.,IOribed by law, aD4 wu ill aU
24 1 nspeota lesall.y hel4: after due 8D4 proper noU08 u ftqtl1acl
25 l b1 lawJ thtlt due zretuma ot sa14 el.eotion bad been ma4e by tbe
26 pro~ ottlova 1 that aai4 election naulted ta'V'Oftbly to the
2 7 l1aauanoe of aa1d b0n48 J tho' a .maJor! ty ot the qu•1St!8d eleoton: I •
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votJ.ns at said al~on, TOtOd 1n fno;r ot the lsll'senoe ot aa14
29 j bonds J a.tl4 tho t the 01V CCdnisston !o in all \b.lDg8 authoi'ia4
3o l to issue Hid boD4D ana to «o w and a11 ~-uoe~ 8114/•
31 , ool.lft41tmt 1n oonneotlon thertwlthJ an4
3zll YISIWl.AS: 111 hiua liDW .detel'!!llned by thO 01t1 Ooaurd•aloa
33 1 that 1~ 18 ~ 4aa1re4 at ttda time to iasu all of the bon48 rosa . ' .
34 W.s,ooo .oo, voted tor on the pzopoa1tlOA, as atonaa14t u4 tlbat . ~
35 90 ,ooo .oo 1a tb.e aount of' bo.n4a DOW 4e&Ue4 to be 1a8\ie4 , G4
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36 that 11he rematntos amount ot 8814 bOJUta, to-wit• .,,,,ooo .oo , aAUUo+
37 ~~ be issued at a tuw.re date or dates when: 1n. th• 3UIEJ""n• of tb8
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~ 01ty oc:mas.ulon ot 111114 01ty, tl1ll IDOUilt. 111 · .... No.······~······-
1 needed by the City for the purpose for which it was authorisedJ an
2 WHEREAS, it is to the best interest of the City that
3 the authorized improvements and construction of the sewer system
4 1 extensions be commenced at the earliest possible date, thereby
5 creating this an emergency measure for the immediate preservation
6 of the public peace,property,healtb and safety, as well as a more
1 effecient .administration and operation of the sewage disposal
s system of the municipal government) therefore
9 BE IT ORDAINED BY THE CITY COJOIISS,IO! OF THE CITY OF
10 LUBBOCK'
1.1 Section 1 • That the bonds of said City, to be called
12!l 11 CITY OF LUBBOCK,.TEXA~, SEWER EXTENSION BONDS,SERIES 1946•, be
I 13 1 issued under and by virtue of the Constitution and laws of the
14 , State of Texas, and the Charter of the City of Lubbock, for the
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1·5 ! purpose ot constructing,ex~ending,enlarging,improving and adding
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to the sewage disposal plant,ti1ter~g beds and emptying grounds
tor the sewage system, and acquiring lands and rights ot way with
and without the limits o£ the City of Lubbock tor such sewage
disposal purposes·, and -extending and installing additional sanitar
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sewer linea, in the principal sum of NINETY THO~SAND DOLLARS
($90 ,ooo.oo ).
Section 2! That said bonds be numbered consecutively .
23 from One (1) to Ninety (90 ), inclusi~eJ shall be of the denomina-
24 tion of One Thousand Dollars (11,000.00) each, aggregating the sum
2S or
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28 '1
and
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30 11
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Ninety Thousand Dollars ($90,ooo.oo).
Section 5: That said bonds shall be dated Karch 1, 19 6 1
shall mature in accordance with the following schedu1ea
BONDS NUJIBERS
C.&ll "Inclusive)
1 to 5
4 to 6
7 to 9
10 to 12
15 to lS
16 to 18
1.9 to 21
22 to 24
25 to 27
28 to SO
51 to 35
S4 to 37
58 to 4:1
42 to 45
46 to 49
50 to 53
54 to 57
JU.TURITY DATES J.MOUHTS
Karch 1; 1947 $5;000.00
Karch 1; 1948 $S;ooo.oo
March 1; 194~ ts,ooo.oo
Karch l; 1950 ts,ooo.oo
March 1, 1951 ts,ooo.oo
Karch 1, 1952 ts,ooo.oo
Karch 1; 1955 $5iooo.oo
Karch 1• 1954 ts,ooo.oo
March 1; 1955 $51 000.00
March 1; 1956 ts;ooo.oo
Karch 1; 1957 ts;ooo.oo
March 1; 1958 $4;ooo.oo
Karch 1, 1959 $4.000.00
Karch 1; 1960 ••~ooo.oo
Karch 11 1961 $4;ooo.oo
Karch 1; 1962 t 4;ooo.oo
Karch 1, 1963 $4,0oo.oo
Pace No. ·-.. ·····-4-.-...
1 58 to 61 Karch l, 1964 14,000.00
62 to 65 Karch 1, 1965 $4,000.00
2 66 to 69 llarch 1, 1966 $4,000.00
70 to ?S Karch l; 1967 •• ,ooo.oo
31 74 to 77 March 1; 1968 $4;000.00
78 to 81 llarch 1; 1969 $4;000.00
4 82 to 85 Jlarch 1; 1970 t4;ooo.oo
86 to 90 llarch 1, 1971 ts,ooo.oo
5
6 Section 41 That all of said bonds shall bear interest
7 from date until paid at the rate of ONE AND ONEAHALF PER CENTUM
8 (li%) per aDnum., payable on March lst and September lst in each
9 ;rear, the first interest payment date being Karch 1. l947J such
10 I1nterest to be evidenced by proper coupons attaohed to each of
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11 said. bonds •
12 Section Ss That the principal and interest of said
I3 ~·~series of bonds shall be payable on presentation and surrender
14 1of bonds or p1•oper coupons, in lawful money of the United States
15 r of America, at the OUAJU.N'l'Y TRUST COMPANY OF NEW YORK, NEW YORK
16 ~~ CITY, NEW YORK.
17 Section 6; That each of said bonds shall be signed by
'"li the lla;ror and countersigned b;y tlia City Secretary, and the corpor~
I9 l ate . seal of the ° CITY OF tUBBOCK,TEXAS"• shall be impressed upon
20 ~each of them.
21 11 • Section 7 t That the facsimile signatures o£ the Jlayor
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22 and City Secretary may be lithographed or printed on the interest
23 ·oo~pons attached to said bonds, and shall have the same effect as
24 if they had been signed by them.
25 1 Section 8s That the form or said bonds sha~l be
26 j substan~ia1ly as follows•
21 / No. __ _
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29 1
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UNITED STATES OF AMERIC.A..
STATE OF TEXAS
COUNTY OF LUBBOCK
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tl,ooo.oo
CITY OF LUBBOCK 1 TEIAS SEWER EXTENSION BOND 1 SERIES 1946
CITY OF LUBBOCK, a municipal corporation, of the
! ~~ ~!S·tate ot. Tuaa, acknowledges itsel..f' indebted to and, FOR V.lLUE
32 RECEIVED, hereby promises to pay to bearer, the sum of
33 OlE THOUSAND DOLLARS 'l . .
34 : ($1,000.00), in lawful money of the United States of America, on
l 35 j~be FIRST DAY OF" JU.RCH~ 19_, with interest thereon from the
36 l date hereof until paid, at the rate ot ONE AND ONE-HALF PER CENTUM
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37 : (1t~) per annum, payable on Karch let and September 1st in each
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1 year, the first interest payment date being Karch 1 1 19471 on
2 presentation and surrender of the annexed coupons as they severall
3 mature.
4 BOTH PRINCIPAL and interest of this bond are hereby
5 made payable at the GUARANTY TRUST COMPANY OF NIW YORK, NEW YORK
6 CITY, NEW' YORK.
7 TRIS BOND is one of a series of Ninety (90) serial
s bonds, numbered from One (1) to Ninety (90)1 both inclusive, all
I 91 o£_ said bon~s being of the denomination o£ One Tho~sand Dollars
101 $11 0?0.00) ! aggregating in amount NINETY THOUSAND DOLLARS
11 j (1901 000.?.0 1 and i~;Jsued for the purpose of constructing, extending,
12 .; enlarging, improving and · adding to the sewage dispos~l plant, filte -
·I 13 1f ing beds and emptying grounds for the sewage system, and acquiring
I' 14 11~ lands and rights ot way within and without the limits of the City ~ .
15 [I o£ Lubbock •!'or sue h se~.age disposal purposes 1 and extending and
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16 :t 1n.stal11ng additional sanitary sewer lines, under author.ity of the
11 J[ Constitution and ' J,aws of the State of Texas, and the Charter otaai
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18 ,1 City, a.nd pursuant to an: ordinance duly adopted by the City
19 tl Commission of the City of Lubbock~ Texas~ and recorded in the
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20 I! or aaid City Commission.
21 1 IT IS ,HEREBY CERTIFIED, RECITED A,ND REPRESENTED that
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22' 1 the issuance of this bond and the series of which it is a part
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23 .1 is duly authorized by law~ and by a vote of the qual.ified property
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24 1taxpaying voters of the City of Lubbock,Texas, voting at an electi 2s l held .t~r that purpose within said City on the llth day ot Deceaber,
26 1i l9.f.SJ that all acts, conditions, and things required .to be done
27 ,precedent to and in the issuance of this aeries of bonds, and of
28 .1 thia bond, have been properly done and perfor~ed and have happeDed
29 j1n reg~l~r and due time, form and manner as required by l&WJ that
30 I! suf.f'ici~nt and propor pro vis ion for the levy and .collection of tax s
If ' • • I
31 ll has been m.ade which, when collected, shall be appropriated exclusi
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32 1to the payment of this bond and the seri~s of which it is a part,
33 1J a .nd to the payment of the interest coupons thereto annexed as the
~~same shall beco~ dueJ and that the total indebtedness of the
35 !1 C ~i ty of Lubbock, T~xas, including the entire series of bonds of
36 which this is one, does not exceed any constitutional or statutor7
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37 jl limitation.
Pace No ......... .fL ...... .
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IN TESTIMONY .WREREOF 1 the City of Lubbock 1 Texas1 by
its City Commission, haa caused its corporate seal to be affixed
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3 hereto 1 and this bond to be signed by its Mayor .and countersigned
4 by its City Secr~tary, and the interest coupons hereto attached
5 to be executed by the lithographed or printed facsimile signatures
6 ot the Uayor and City SecretaryJ the date of this bond, in conform
7 ity with the ordinance above referred to, being the first day of
8 Uareh, 1946.
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I n Countersigned s
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Mayor, City of Lubbock,!exas.
13 •c...,i"':'t-y--:::S ..... e-c-r-e"":'t,....a.-r-y~,--::::c:-;i"";'t-y-o--=t:"""':L~u"~~"b~b-o-e";"k-,-=T~e-x-.a-s-
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1$,: Section 9: That the form of interest coupon shall
'I 1(;11 be substantially as follows~
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17 1 NO._ ON THE DAY OF 19_, $_....;..:;~
18 ! the CITY OF LUBBOCK, a municipal corporation of the State of Texas
19 1 herebT promises to paT to bearer, at the GUARANTY TRUST COMPANY
20 j OJf NEW YORK, NEW' YORK CITY, NEW YORK, the sum of
2l 1
22 j ($ ________ ), in lawful money of the United States of America,being
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I months• interest on the n CITY OF LUBBOCK.TEXAS, SEWER
23 ··-~---,
24 EXTENS~ON BOND _.SERIES 1946 11
1 dated :March 1 1 1946 •
25 Bond No •·---....
26 City Secretary Mayor
27
That the following certificate shall be 28 ~ Section 10 c
29 1 printed on the back of each bond:
30 I OFFICE . QF COMPTROLLER
31 II STATE OF TEXAS. I
32 I HEREBY CERTIFY that there 1-a on file and of record
33 1 in my office a certificate of the Attorney General of the State of
34 1 Texas~ to the effect that this . bond has been examined by him
35 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 that it is a valid and binding obligation upon said City of
Pace No .....•... 7. .... -....
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1 Lubbock,Texas, and said bond has this day been registered by me.
2 WITNESS MY HAND AND SEAL OF OFFICE, AT AUSTIN,TEXAS
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Section 111
Comptroller of Public Accounts of the
State of Tuas.
BE IT FURTHER ORDAINED BY THE CITY
COD ISS ION OF THE CITY OF LUBBOCK:
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That to pay the interest on said bonds and create a
sinking fund to redeem them at maturity, a tax of one-& nine-tent s
CENTS (1 9/10 I) on each one hundred dollars' valuation of all
taxable property in the City of Lubbock,Texas, or such an amount a
may be at a~l tiaes legally necessary, shall be annually levied on
said property and annually assessed and collected, or so much ther
14 1j as shall be ,-oessary# or in addition thereto as may be required,
I 15 l until said bonds with interest thereon have been fully paidJ and
16 11 the said tax of one and nine-tenths CENTS ( 1 9/10 #) is
II 11 j! here. now levied for the current year, and so much thereof as shall
1s !! be necessary, or in addition thereto as may be required, is hereby .I • 19 ~ levied for each succeeding T•&r while said bonda 1 or anT of thea,
20 ~ are outstanding, and the same shall be annually assessed and colla
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and applied to the purpose named.
ted
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22 1 Section l2a BE IT FURTHER ORDAINED BY TRE CITY COm.! •
23 S ION OF THE CITY OF LUBBOCK 1
That the Mayor o£ said City shall be and he ~s hereby
25 authorised to take and have eharge of ~11 necessary orders and
26 records ,pending investigation by the Attorney General of the
27 !State o! Texas, and shall take and have charge and control of
2s l the bonda herein authorized pending their approval by the Attorney
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29 1 General _ and their registration by the Comptroller of Public Aocoun s.
3D lf Section 131 AND BE IT FURTHER ORDAINED BY THE CITY
j,
31 II CODISSIO!i OF '!'HE c I'l'Y OF LUBBOCK I
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32 1 The fact that it is to the beet interest of the City
33 1that the authorized construction and improvement of the sewage
I ~~system of the City of Lubbock be commenced at the earliest poesibl
35 date, creates this an em~rgenay m~asure for the imm~diate preserva
;6 tion
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37 1 more
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of the public peace1 property1 healtb and safety, as well as a
e.t:fecient administration and operation ot the se1rage disposal
Pace No ....... a. ....... ..
1 aptem of the mw11olp8l eovernment, deci8Dc1 t ng that the O.tiarter
2 provlaiona tO the ottect ~bat no ~oe Oh~ ~· puaa4 on tb.e
3 4q on whiOb. it shall be 1ntzo4uo04; be .ouapUAed, and thia
4 ordS nanoe ia hereby 4eo1ared an .ausenoy aeasure by unentmous
s lvote ot the City oamm~s81on, encl. the semo ~U tab etttaot tram
6 and atter l ta paaaage, an4 1 t .18 eo Ol'daiaed.
' PASSRn • tbio the 19th D&T at Unroll, 1946. . ;
s Al?l?ROV'ED; tb1s the 19th ~ ot MaJ:ob, 191.6.
I 91
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•3 1A.ms-ra
14 11
15 di\f Sionti#. oltr 01' LiibbOOii, lJ.fexaa.
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20 II
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341
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371
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