HomeMy WebLinkAboutOrdinance - 1524-1954 - Issuance Of Bonds $1,450,000 For Construction Public Building Auditorium. - 12/10/19540~ -.;}5-195 L\--
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Thereupon, the Mayor announced that. the ordinmee had been final.ly passed and adopted
by W'lanimous vote of the Cornmisllion, in accordance 1dth the requireents of Sectioml5, 16
and 17, ot Article IX of the Lubbock Charter; am the MayCl" thereupon signed and approved
the ordinance in the presence of the Comission.
The ORDINANCE is as follows:
NO. 1524
"AN ORDINANCE by the C:ity eonmission of the City of Lubbock, Texas, authorizing the
issuance of bonds in the principal sum of &1,450,000 (Being the second and final parcel
or installJnmt of a total voted authorbation of $1,750,000 bonis), for the purpose of the
construction, erection and equipnent of a public J>uilding aal auditorium to be kno"'n as
the Lubbock Auiitorium-Coliseum, and purchasing a site therefor; prescribing the foi111 of the
bonds and the fona of interest coupons; levying a continuing direct annu~ ad valorem tax ~all to.l'aMe ~pert'f With-in the tfmfts o( satd Ctry to pay ftle interest on ~ bonis. onJ
iocrea-te a.sinldng-fund for +he redei'Y'"lpnor\+h-ere.af1 a.nd p~"'"oV !dr~
for 4 he a-S'SE: s~n,er.+ and ·
collection of such taxes; enacting the provisions incident and relating to the purpose and
, 11Ubject or thi11 ordinance; and declaring an emergency,"