HomeMy WebLinkAboutOrdinance - 1400-1953 - Authorizing An Issuance Of $600,000 Electic Light System Bonds - 05/26/1953·.
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C>S-~to.:_ 1~53
Ordinance No. llOO
AN ORDINANCE RATIFYING, CONFIRMING AND APPROVING
AN ORDINANOE AUTHORIZING ISSUANCE OF $600,000
"CITY OF LUBBOCK, TEXAS, E~ECTRIC LIGHT
SYSTEM BONDS, SERIES 1953'", DATED
.JUNE l, 1953
THE STATE OF TEXAS I
CITY OF LUBBOCK
COUNTY OF LUBBOCK
ON THIS, the 26th day of J.1il , 1953, the City: • 1\ ~ ' Commission of the City of Lubbock, Texas, convened in apecjaJ
session, at the regular meeting place thereof in the City Hall,
with all members thereof present, to-wit:
MURRELL R. TRIPP, MAYOR, Presiding;
HURLEY CARPENTER l HARRY MORRIS
LUC~N THOMAS COMMISSIONERS,
L. E. DAVIS
and
MRS. LA VENIA LOWE, CITY SECRETARY,
also being present; constituting a quorum, at which time the
following, among other business, was )l,1n~ansacted, to-wit:
C ommis s ione r Thomas presented tor ',the consider-
ation of the City Commission an ordinance ratifying, confirming
and approving an ordinance duly passed and adopted by the City
Commission of said City on April 24, 1953, authorizing the
issuance of fC!jOO ,000 11 CITY OF LUBBOCK, TEXAS, ELECTRIC LIGHT
SYST~ BONDS, SERIES 195311
, dated JWle 1, 1953.
The ordinance was read in full by the City Secretary.
Thereupon, Commissioner Carpenter moved that the
rule requiring that no ordinance shall be passed on the day on
which it is introduced be suspended, and that in view of the
·.
emergency set forth and defined in the preamble to the pro-
posed ordinance, that the same be declared an emergency measure.
This motion was duly seconded by Commissioner ___ M_o_rr_i_s _____ •
The motion carried by the following vote:
AYES: Mayor Tripp and Commissioners Carpenter,
Morris, Thomas and Davis.
NOES: None.
Thereupon, Commissioner Thomas moved that the
ordinance as read in full by the City Secretary be finally
passed and adopted by the Commission. This motion was
seconded by Commissioner C~~ter ~ and the motion, carry-
ing with it ~he final passage and adoption of the ordinance,
was unanimously carried by the following vote:
AYES: Mayor Tripp and Commissioners Carpenter,
Morris~ Thomas and Davis.
NOES: None.
Thereupon, the Mayor announced that the ordinance had
been finally passed and adopted by unanimous vote of the Com-
mission, in accordance with the requirements of Sections 15, 16
and 17, of Article IX of the Lubbock Charter; and the Mayor
thereupon signed and approved the ordinance in the presenee of
the Commission.
The ORDINANCE is as follows:
NO. 14QQ
11AN ORDINANCE by the City Commission of the City
of Lubbock, Texas, ratifying, confirming and
approving an ordinance duly passed and adopted
as an emergency measure by the City Commission
of said City on April 24, 1953, authorizing the
issuance of $600,000 'CITY OF LUBBOCK, TEXAS,
ELECTRIC LIGHT SYSTEM BONDS, SERIES 1953 t J
dated June 1, 1953; enacting provisions inci-
dent m:i relating to the subject and purp<S e of
this ordinance; and declaring an emergency."
WHEREAS, heret~fore, to-wit: on the 24th day of -
April, 1953, the City Commission of the City of Lubbock, Texas,
duly passed and adopted an ordinance as an emergency measure,
authorizing the issuance of "CITY OF LUBBCCK, TEXAS, ELECTRIC
LIGHT SYSTEM BONDS, SERIES 1953", dated June 1, 1953, in the
principal sum of $600,000, which ordinance is duly recorded
in Book 11, page 491 et seq., of the Minutes of said City
Commission, said ordinance being
NO. l36Q
11AN ORDINANCE by the City Commission of the City
of Lubbock, Texas, authorizing the issuance
of bonds for the principal sum of $600,000,
for the purpose of making permanent public
improvements, to-wit: constructing improve-
ments and extensions to the City's Electric'
Light System; prescribing the ,form of the ·
bonds and the form of interest coupons;
levying a continuing direct annual ad valorem
tax on all taxable property within the limits
of said City to pay the interest on said bonds
and to create a sinking fund for the redemp-
tion ~Hereof, and providing for the assessment
and collection of such taxes; enacting the
provisions incident and relating to the pur-
pose and subject of this ordinance; and
declaring an emergency."
AND WHEREAS, Section 16 of Article IX of the Charter
of the City of Lubbock, Texas, provides "No ordinance, unless
it shall be declared to be an emergency measure, and passed by
a unanimous vote of the Commission, shall be passed on the day
.on which it shall be introduced."; and
WHEREAS, one member of the City Commission being
absent on April 24, 1953, this City Commission now deems it
necessary and proper to ratify, confirm and approve said
ordinance passed on April 24, 1953; and
WHEREAS, it is FOUND., DETERMINED AND ADJUDGED that it
is necessary and to the best interest of the City to provide
funds for the purpose of constructing improvements and exten-
sions to the 'Cityts Electric Light System at the earliest
possible date, for the immediate preservation of the public
peace, property, health and safety of the citizens of the City
of Lubbock, Texas, and that by virtue thereof this ordinance
should be passed and adopted as an emergency measure; therefore
BE IT ORDAINED BY THE CITY CCMMISSION OF THE CITY OF
LUBBOCK:
SECTION 1: That the ordinance by the City Commission
of the City of Lubbock, Texas, authorizing the issuance of
$600,000 "CITY OF LUBBOCK, TEXAS, ELECTRIC LIGHT SYSTEM BONDS,
SERIES 1953", dated June 1, 1953, be, and the same is hereby
RATIFIED, CONFmMED AND APPROVED.
SECTION 2 : BE IT FURTHER ORDAINED BY THE CITY
COMMISSION OF THE CITY OF LUBBOCK:
The public importance of this measure, and the fact
that it is to the best interest of the City to provide funds
for the purpose of constructing improvements and extensions to
the City•s electric light system at the earliest possible date,
for the immediate preservation of the public peace, property,
health and safety of the citizens of the City of Lubbock, con-
stitute and create an emergency and an urgent public necessity
requiring that this ordinance be passed and take effect as an
emergency measure, and that this ordinance is accordingly
passed as an emergency measure and shall take effect and be in
force immediately after and from its passage.
1953.
of Lubbock,
(City-seal)
CERTIFICATE OF CITY SECRETARY
THE STATE OF TEXAS I
CITY OF LUBBOCK
COUNTY OF LUBBOCK
I, the undersigned, City Secretary of the City of
Lubbock,. Lubbock County,. Texas, DO HEREBY CERTIFY that the
foregoing is a true and correct copy of an ordinance ratifying,.
confirming and approving an ordinance duly passed and adopted
by the City Commission of said City on Aprila4,. 195~,
authorizing the issuance of $600,000 11CITY OF LUBBOCK, TEXAS,
ELECTRIC LIGHT SYSTEM BONDS,. SERIES 1953~', dated June 1,
1953 (and Minutes pertaining to its adoption), passed and
adopted by the City Commission of said City on the 26th day
of Mq"-"" , 1953, said ordinance being of record in Book
ll , page 533 et seq., of the Minutes of the said City
Commission.
IN WITNESS WHEREOF, I have hereunto signed my name
").e't'v\.
officially and affixed the seal of said City,. this the 26th
day of ¥J.CV , 1953.
of Lub ock,
(City seal)