HomeMy WebLinkAboutOrdinance - 1526-1954 - Issuance Of $1,000,000 Bond For Public Improvements - 02/25/1954-,J· "'
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Thereupon, the Ma;yor announced that the ordinance bas ~en final~ passed and adopted
by unaniiiOus vote or the eo.dssion, in accordance with the requin~~~ents of SectiQIIa l5, 16
and 17, of Article IX or the Lubbock Charter; and the Mqor thereupon s~ed and awroved the
ordinance in the presence ot the COIIII!Iiaaion ..
The ORDINANCE is as follows:
NUMBER 1526
"AN ORD.lNANCE by the City Commiesion of the CitT or LubbOC!k1 Texa.e, authorizing the
isstance ot bonds in the pricipal sum or 11,000,000 (be~ t~ second parcel or install.ment
of a tat.al voted authorization ot 14,644,000 bonds) £or t.he purpose or 11111king permanent
public improvements, to~wit: constr11ctU\g improv~nts am extensions to the City's combined
Ws.terworka and Sa.nit&r7 S,ewer S7stem, &ll authorized bT tba General Laws of the State ot
Texas, particular~ Articles llll et seq,., Revised Civil Statutes or 1925, as amended;
prescribing the form of the borde and the form o! interest couponsj pledging the revenues of
the City's t~aterworb System to the pQment o! the principal of ard interest on the bonds,
after deduction of r•a:mable expenses of operating and maintaining said system; enacting pro-m ions in61dent ani relatil8 to the subject and purpoae of this ordinanee; am decl.a~ing an
~.rgenc7." ---·~----·-----.. ·-----.. -.... -