HomeMy WebLinkAboutOrdinance - 640-1939 - City Commission Issuance Of $250,000 Construction Sewer Disposal - 02/20/1939STATE OF !EXAS
CI'll' OF LlJBBOCI
COUNTY OF LUBBOOI
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The City COJIIJllasion of' the CITY or LUBBOCX,
TEXAS oonwned in _..r.liie.aei.w.ul .... aa.:r..._ ____ seaeion on the OOth day ot Febru-
ar;y, 1940, at ita regular meeting plaoe in the City Rall, ti11.-el-the following
members thereof preaent, to-w1ta
c. E. Slaton, ~or
l~. 8-. s:c;.'.Q.lE.£ ... PJ ':.!..., .... ~ :on'9r
w. B. Prioe, Commiaaioner
BUb Jonea, Co.-da•ioner
J. A. Fortellbei"J7, Oa.iasioner
and w. G. McM~llian, Commissioner, being absent.
Alao preaent and in e.tteD4a:Doe "Wre w. B. Rodgera .. CiV lllmager .. L&venia ·
Wllliam.e 1 Ci t;y S.oretar,r, and Dtlnrood H. Bradley • City Attotne;y.
Among other prooeeclinga had b)r the C01111lias1on
waa the tollowingt
The .llayor ple.oed before the City Commission the
following ordinanc~a ;lhlf-o
AI ORDIHAIOI. BY TBB CI!Y CO~SSIOH OF THE CITY OF LUBBOCI,
'fiXAS, AtJTBORIZlNG THE ISSUANCE OF BONDS FOR TBE PRINCIPAL
S11llt OF 'lWO BDBDRED FtP'fY TBJUSABD DOLLARS (t250.000.00) FOR
THB PURPOSE OF OONSTlttJC'fiOli OP A Si'DR DISPOSAL PLA.Bf 101t
THE CitY OF LUBOOCt, mASt AND PROVIDING FOR TBB lEVY, AS-
SBSSUDT .ABD COLLECTIOI OF A TAX ON UCB ONE HUNDRED DOLLARS'
(tlOO) VALUATION' OF ALL !AUBLE PROPERTY WITHIN THI LIMITS
OF SAID CITY SUFFICIEJT TO PAY TBB IliUREST ON SAID BONDS
)JlD PROVIDE A SIIKillG FUND FOR THE IW)EJIPTIOI THEREOF A't Ml-
'l"URl1'YJ PliSCRtBIIG THE F01UI OF BOND AID IN!ERES! COUPOB AlJD
DECLARIJr G AJI EMERGEJJCY
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Commissioner Price .....;;;;..;;;;.;;;; ______ _ moved that the ordi-
nance be placed on its first reading, seconded by Corrn:niss.ioner
Fortenberry and carried by the follo,~ng vote:
YEAS: Price --~~~--------------' ----~F~o~r~t~e~n~b~e~r~r~y~---'
· Jones --~S~l~a~t~o~n~---------' ----------------------·
NAYS: None.
Carried: Ordinance placed on first reading.
Commissioner --~J~o~n~e~s _________ moved that the orddi-
nance pass first reading, seconded by Commissioner ~Pr~i~c~e ____ _
and carried by the following vote:
YEAS: ___!~o_n_e_s~------------' Price --~~~---------'
--~F~o~r~t~e-n~b~e~r~r~y ___ , ~S~l~a~t~o~n~------------'
NAYS: None.
Carried: Ordinance passed on first reading.
Commissioner Price moved that the rule be ---------
suspended and that the ordinance be p~aced on second reading;
seconded by Commissioner Jones and carried by the follow-
ing vote:
YEAS: Price --~----------------' Jones --~~~--~----------'
Fo.rtenberry Slaton -----
YEAS: None.
Carried: Ordinance placed on second reading.
Commissioner Jones moved that the ordi-----~~~-------
nance . p.ass second reading, seconded by Commissioner __ P.-.r~i..;;.c..;;.e ___ ,
and carried by the following vote:
YEAS: Jones Price
Fortenb~e-r.r.y _________ __ --~S:l~a~t~o~n~-------' ------~--------·
NAYS: None.
Carried: Ordinance uassed on second reading.
...
Commissioner Jones moved that the rule be
suspended and that the ordinance be placed on third and final
reading; seconded by Commissioner ~F~o=r~t~e~n~b~e=r~r~y ____ _ and carried
by the following vote:
YEAS: Jones ------~===---------' ~F~or~t~e~n~b~e=r=r~y _________ ,
Price Slaton ----~~~----------'
NA. YS: None.
Carried: Ordinance placed on third reading.
Commissioner Jones moved that the ordi-----~~~--------
nance pass third and final reading and be finally adonted;
seconded by Commissioner Price and c a rried by the
following vote:
YEAS: Jones ' Price --------~~~·--------'
Fortenberry , Slaton, ______ , ---·
NAYS: None.
Carried: Ordinance passed third and final reading.
The Mayor then declared the ordinance finally
passed.
The ordinance follows:
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AI ORDINANCE Br TBE CITY COMMISSION OF THE CITY OF LnBBOOI,
'lUAS, AUtliOlUZING THE lSSUAifCE OF BONDS i'OR THE PRINCI-
PAL SOM OF two llttii)UD FIF'.fY THOUSAND DOLLARS (1250.000)
FOR THE PURPOSI OF CONSTRUCTION OF A SEWER DISPOSAL
PLAft FOR THE CITY OF LUI:OOCK, !EXASt AliD P.ROVIDING FO!
THE LEVY, ASSESSME:tft' AND COLLEOTIOI OF A TAX ON EA.OH 0!11
IIO'liDRED DOLLARS (1100) VALUATION OF ALL TAXABLE PROPERtY
WITBllt THE LIMITS OF SAID OITY SUFFIC!Elii'T TO PAY THB IB•
TBREST ON SAID BOBDS AND PROVIDi A SIBIWG mD FOR THE
RBDEMPTIO!l TBEBEOJ' A'r MATURl!YJ PRESOHIBlflG 'rBE FOB Of
BOND AND IITBREST COUPON AND DECLARING All EMERGUCY
WHEREAS, at an election held in the Oi ty ot Lubbock on the
2nd day ot Septemhe~. 1938. a majority of the qualifled eleotors ot the
01 ty of Lubbook who owned taxable property in said oi ty and who bad duly
rendered the same tor taxation, voting at said election suatatae4 the pro•
poaition to iesue bcndt as heniraaf'ter deaoribed for the principal slllll ot
two Hundred Fifty !houea.:n4 Dollars (1250,000.00) b,y a. vote of 658 atfinDA-
tiw votea and whioh oarried by a majority vote ot S70 in favor thereof-
being "FOR TBE ISSUAlfOI OF BONDS FOR THE PURroSE OF OONSTRUOTION OF A
SEWER Dl SPOSAL PLAii'1! AND 'l'BE I4Nf OF A fAX IN PAYMElft THBREOFtt J an4
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wmntEA.$, the City Commission has determined that it is a.4-
viaa.ble that aaid bonds be issued at this timeJ and
WBERJUS, the City Commission has determined that an emergency
exists tor the immediate presenatlon of the publio peaoe, property, health
and safety, dem•»cU.ng that the rule requiring or<.U.:rumoes to be read on mere
-than one date before final passage be suspended and this ordinance adopted
a.a an emergenq meaaare to take etteot and be in torce immediately upon ita
passage and a.ppro'ftlJ
BE I'l' ORDAIIED BY THE OI'lY COS SSIOB OF tHE CITY OF LUBBOClt,
TEXAS a
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I.
!hat the negotiable coupon bonds of eaid ci~ to be called
"Ol'lY of LUBBOOK• tBXAS SEWER DISPOSAL Pl.A.BT BONDS" be issued under and by
virtue of the Const1 tutlon and laWB ot the State of fens, including 1'1 tle
22, Chapters l and 7; Re-vised Statutes ot fexe.e, 1925, and the provisions
ot the City Charter, tor the purpose of oo.ne.tructi.ou of a ener disposal
plant tor the Ciir' of Lubbook, !ezas, in the principal sa of !wo Hundred
Fifty 'fhouae.nd Dollars (t2;0,000.00).
II.
!ha:t eai c1 bonds shall be JllJIIbered conseouti ft ly from one
(1) to tao hundred fifty (250) inelueive, of the d.e!lOll.ination of One Thou ...
send Dollars (tl~OOO.OO) each aggregatinc the • ._ ot !WO :lrmdred Fifty ·
Thousand Dollars (t250,ooo.oo).
lii.
• That they shal; be dated February-1, 1940, and shall be-
come d'Qe and payable as f'ollcnrsa
lfumbers Amount Haturitz
1 to 16 t l6,000 Februa17 1, 1941
17 to £: 16,000 hbruaey 1, 1942
'~ to. 16,000 Februaey l, 1943
49 t~ 64 16,000 Febi"U&%'7 1• 191.4
65 to 80 16,000 Febraaey 1, 1945
81 to ~ 17,000 ll'ebJ'U&l"Y 1, 1946
'98tol 17.000 Februar;y 1, 1947
115 to~ 17,000 februr,y 1, 19LJ8
~to 17,000 . Febroary l• 1949
9 to 165 17,000 Pebruar,y 1, 1950
166 to 182 17,000 le'brua.r,y 1. 1951
18' to 199 17.000 Pebraaey 1. 1952
200 to 216 17,000 FebJ'UU7 l, 1955
217 to 2}3 17,000 February 1, 1954
· 234 to 250 17,000 Februar,y 1, 1955
tv.
Said bonds shall. bear interest at the rate ot 'l'Wo and
Qrae•tQQ»tll per eEm.t ( 2.;:a ,ft %) per a:r.tmm~.1 payable August 1,
1940, and semi-annually thereatte:r on the tiret days ot February a.nd .Att•
gust of eaoh year.
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That the principal and interest ot said series ot .bonts shall
be payable on presentation end surrand6r of bond .or proper coupons at the
Centra;l.lle.nover Bank and 'f-rust Compeny; -Ne~*Yo::rk, New York.
VI.
'.l'hat each of said 'boDds shall be signed b7 the !.187or. counter-
sigued b7 the C1t7 Sec:reta17, registered by the City Treanrar. and t»
corporate seal ot the City of hlbbock shell be impressed upon eaoh ot
them.
VII.
That the facsimile signatures of the Mayor and Ctt7 Secretary
may be lithographed on the coupons atteched to said bonds, and shall
eve the same etfect as tf 'tliW'f had been signed by them.
VIII.
The form of said bonds shall be substant tall,-a.s follows:
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'J.
Bo.
UBI'lBD STATBS or JJIB:.RtCA
ST4TE OF~
OOUJTY OF LUBBOUI
Cl'rt OF LUBBOCX
SEWER DISPOSAL PLAft BOlD
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DOW ALL MD BY fliESE PRESENTS• !bat tM City ot Luobook,
a munioipal corporation duly incorporated under the laws of the State of Teza••
r-or value receind, acknowledges itaelt in4ebte4 to o4 hereby promiaee to Pt.¥
to bearer, on the let day of Febr-.ry, 19 , the prinoipal wa ot
OD 'l'BOUSABD DOLIARS
in lawful money or the lJ'nited States of .Amerioa, with interest thereon .trcna
date hereof at the rate or !CwQ fled OtlO=f~t~ --------·--.. -------per omt ( .1.L.. %) pe,-aumua, lu res paye. e :tl~at x. 1946 ana ,aem:t. .
annually thJ\J:P&r on the tiret days o£ february and August of eaoh year,
pTina1~1 am interest payable upon presentation and .surrender o£ bond or 1'2"0-
per coupon at ~~.,., ~n~-u-~ ~AT!~ ~d Rgt aomua¥f, New York, N. Y.
ancl the City of Lu 1are i ~ei anrmiJ'Oiliia, ands tal'Eh 8iid cre•
di t, and all real and. personal property in said city are hereby irre-vocab'-7
pledged tor the prGillpt payment ot the principal of thi a bond aut the interest
thereon at maturity.
fBIS BOND le one of a aeries ot two hundred fifty (250)
bondl!f, numbered oonaeoutively from one (1) to two bw:ulred titty (250) inoludve,
ot the denomiDatiOD. ot One thousand Dollars (11,000.00) eaoh, aggregating 'l'wo
Jfundred Fltty Thousand Dolle.rs (t250.ooo.oo), issued tor the purpose of oonatruo-
tion or a sewer diapoeal plant for said oiv, under and by Virtue ot the Conat1 ..
tution and lawe of the State of Teae, and the City' Charter ot the ca-cy-ot Lub ..
book, texas, and in pursuanoe ot an ordiunoe duly and legally adopted by the
Oity OollmiasiOJl ot saicl oiv and of reoord in the Jld.nutee of eaid City Cammialion.
'fBI DATE ot thie bond• in oontoi'Jai• with the ordinance abn-e
mentioned. is Febi"U&ry 1, 1940.
UD 11' IS BERE1!Y CERTIFIED AID RECITED tllat the issuance ot
thie bond, and the aeries ot whioh it ie a part, is dul;y authorised. by law ami
by a vote of the qualified property tazp&Jing voters ot the C1 ty ot Lubbock,
Texas, voting at an election hel4 for tha.t purpoee in said city on the 2nd cla.7
or September, 19.58• that all acts, ooncU. tions and thinge required to 'be done "
precedent to and in the 1asuanoe ot this seriee ot bonds, and ot this bond.,
hALve been properly done and performed and have bappeDed in regular and due tiae,
form and manner a.e required by 1••• that auf'fioient and proper provision for the
le·v and oolleotion ot taxes has been made whioh, when collected, shall be ap•
propriate4 exoluai.,ely to the payment ot thie bond and ot the aeries ot whloh it
is a pai"t, and to the payment ot the interest coupone hereto annexed as the same
shall beoome clUSJ and that the total ind.ebtedneee of the said City or Lubbook:,
including the entire series ot bonds ot which thie is one, does not exceed au;y
oonsti tnt!.onal or etatutoJy l1m1 tatiou.
Dr lfl'fiESS 19HBUOJ', the City ot Lubbock, by ita Oit;y eo.mte-
sion, hae caused ita corporate seal to be he:reto affixed, and this bond to be
signed by its Mayor, countersigned by ita City Seoretaey, and registered by ita
01'\r Treasurer, and the interest coupons hereto attaohed to be executed b)r the
lithographed facsimile eigaaturee ot the Mayor and City Secretary, ae ot the
let day ot F\Gbrue.ry, A. D. 1940.
illyor -clt; of LUbbOCk, '5:z:aa
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Countersignecla
cit; secretary -Citi ot tubhoOi, !eua.
lle gietered a
City ftHI'iif'ir, C1fl of Lubbock, Texas.
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•• tttllona
ll.
On the l.t 4aJ' ot
19 . ____ _.~, -
DOLLARS
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in lawtul SIIOU1 ~ ~ Unitecl State• of A."'llerioa, h t nc the 1~re8't a.
that ate on the Cltr of LUIBOCI, !!AS Shill DISPOSAL PL&I'l BOD , d&W
Febzou&17 1 1 1940, lOt •
OWICE OP COXP!ROLIBR
stAT! OF ftDJ
t RBIBBT CBRftPY tat there la on tile &124 of
reoot'd. in rq otrioe a o•rtlti•t• ot the .lttof'UT Gcleral ot t~ State et
fuaa, to tM •tt•ot that tld• bod l1a1 bHD ..... ~by ls1 m •• retu1re4
by law, an4 tl-.at he tiala that it hu ben. 11aued in ooatoait, with ~
Ooneti tuticnt. aa4 law• ot tbe 8tt.te of ha., and tbt it. 11-.. •114 all4
bhldiq obllp.tloa upoa -.14 City of Lv.'bo*• feat, aa4 Mid. bond M.a
t!ia clay Men n~rea bf ••
lil!IISS rq b&D4 an« ••1 ot ottl~ at Auat1n1
'-••• thle -~-----~-__. 191.10.
(Seal)
daaptroiDr of Pubilo loCOWlG of
the State ot ,.._..
Xl.
It 11 turtller ORD.UIID )¥the OUr Ooa:t.-ton ot tM 01~
ot Lubbock, tuaa that to pq \!W lntereat on U14 bona1 aD4 or•te a
aiftktns t\m4 auttlo1ai; tD r.da• thn at •tuntr. • taX of Ten
----·---------oata ( __ l_0.-1) oa •eh One Hua4rect Dollar•
(tl.OO) ftluatloa ot taable proper-tv 1n the •icl 01• ot tubboak eball
be uunaa111' lft'iect on -.14 prv,.,... aD4 ..-lly ...... aect &DI ooll"'*'•
or eo -.oh thereot or in a441tio1l thereto •• •1 be ,...uil'M until •14
bonda 'With inteFe.t thereOft haw \Mon tul]¥ paid• 11114 the ea14 tu ot
-------Ten -----------04n1te ( __ l_o __ _.;) 1e "•re u.ow
lened. tot tbe o\U"''Wlt year 1940 an4 eo IP10h thel"eet as ahall be neoea•
MJ'y or ia addit10D tbarwto ae may be nqulred 11 hereby lniod tor eaoh
euoceeding 1ft.r 1rb1le aal4 ~4• or &llf ot thaa are outatan41q aad ..-
shall k uuualliv aeaesee4 an4 oolleoted and e.-ppllecl to the -purpoae nt.mec!.
That tor the year 1941 d •oh su~ce..Uns ~while all¥ ot ~~&1d boutte
or interoat thereca a.ro cutatand1n& t.ncl ~14, &n4 at the tla• t.m,.t o~J'
e1ty taua are 4nerm1Wd, a tu nte baee4 upon the lateat approTecl tas
roll• ot ~ o1t,y shall be ealnlate4 aD4 u.14 rat. reqldelte and wttl•
a1 cmt to full¥ make, ,.lae aac1 produoe ill eaab of tQ ta14 )'ea.ra, a IIUIIl
ot aon~ neoeaaar;r to pq the intire.t ua4 pJ'lnetpal •turing 1D aaid 1M"
ahall be lftied, •••••ett an4 oolleOMd 8J'14 Aiel tu ao toun4 to be neoer.
•Gl"1 ia bel'tlt., ard~trtd to ·l»t l•'fi .. u« ia hereby levied and allal1 'be ...
aotae4 anct oolleote• &114 •'PP11o4 to t ho purpo" umecl.
flat to pili" the lnteH.t in -~ ~ .Wo Thgusepg E1 &ht
Hundred Twelve and 50/100 Pollan (I ~,812 .50 ) wtd.oh
11111 bcto=e dUe tm Aupn 1• 1~, theft eha11 be end thetoe ~a hereby ap-
protJriate4 out ot tuo4a now 011 b&l\4 antt out ot tho pro eeede or tu• 1ib1eh
ar. no. 111 the PI"'••• ot oolleotlon, the .. ot Twg 'lbgusepd E' ellt
Hundred Twelve and 50/100 Dolla.J'e ( t 2 1812 . 50 ) whi oh
ehall be m uide u4 he14 tor the purpo .. ot 1*11111 at e1 tnteren wh811
an4 u the,_ Moo~ae• 4t.le a4 P&ll be u•~ tor 110 otblr ,.,. ...
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nt.
It ia further ORDAIDD that o. E. Slaton, Mayor ot the City'
of Lubboek, shall be authorised to take and. have charge of all necessuy
recorde pending investigation ·tv the Attorney General and shall taa and.
have cha.J"ge and control of the bonds herein authorised pending their approval
by the Attorney General and regi.stN.tion by the Comptroller ot Publio Acoounte.
XIII.
the .faot that the City of Lubbook, texas is badly in need
of the sewer disposal plant contemplated in this ordinance whioh is a. neoea•
si~ for the immediate preservation ot the public peace, propert.y, health and
safety creates an eme!"geno,r dananding that the rule requiring ordimnoes to
be rea.d on more than one date before f i nal paaeag& be suspended• and this
ordinance ap.opted a.s an emergency measure to take etfeot and be in force im-
mediately upon 1 ts passage and apprO'V'ale
PASSED and APPROVED this 20th day ot February ..
Approvedt
{Seal)
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tBB SfA!t or tillS )))
coom or LU&Il'Cl ) ) )
. t•?!<W~~Glm ottt. D1 ..
triot cOUI'tt tu and tor l&i:tO:m.t, d.o h6,._, o • r t l t y ~'
11noe the •t.ottoa ~· •u 111 the 01+, ot LubbOOk, teat to au•
tttortae the l ....aot •t
t25 o.ooo "*' t•r t bt purpo•• ot oOfte'ti"UUtiol!l
ot a aowr tU apoaal 9la:a.t tor the c1_.
ot Lubboakt
ao suits haw beta tllod and ao ntta •r• now ~elldlq tD thia o~
to en aell• aiel •l•tlon or to t#eftll' the 11..._1 ot ••14 bolide
cut then are u 1ulte or ., t1114 ftled taU¥_,. atteotias either
a14 eloottoa ~r ~ l•WPO• ot HieS borib.
(S..l)
stAtl OP !8148 )))
COUWfT OF LlJll!IOCK ) ) )
I• tannta W11U ... , C1 v fnawnr ol the
C1iir ot LulR»oek, tau, do here• • • r t 1 t 'T tat pureuant to
19 40 • tbwe h&a b .. a.ppnprla.te4, u.4 there 1a 'being eet asia
ottt ct flau4a em haDil a.w.llable therefor, e4 out ot tuea iD pn-
e"a ot oolleetioa t• .,. ot ~ 1bousa.nd r.t.Ght RUn¢t'ed
--~-·-'lf:.......,lv_e.......,an .... d_5_o_{_l_OO ___ Dollar• Ct 2 ,612. rso ) tor tbe
pvpoae ot pqllll 1nt.en whleh ..S.ll l»eo.e due Auplt 1, lgip on
the 1twe ot r. J!QDcln4 Fift7 1bou__. llolkN Cl250.ooo.oo) ot
LtmBOCX, ft!XAS SSWD .DISPOSAL PLAH BONDS, da.W ftbtua17 1, 1940,
wbloh l&id lUll ot 'tWO ~0\.W&ncl "'J. t;ht .!:t\Uldl'Cd Trial VG
_QeU~t~~'~~~oil .. D~O,.A..a~OO~M-;;;;;:-•-.;---._ Dolla.re ( t 2, 612 • 00 ) will "bel~
tor the purpoae ot p&y'lllc •tel tntereat when ud a.e the ... beoo•
due eel tor DO ottt.r fUI"PP"•
Yilfii8S '117 bud u.d t.he ••1 ot the Cit¥ ot
Lubboek thla 20th dq ot iebrue..IT • 1940.
(Seal)
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8!1.!1 or RBS
COUftf OF LUBBOCI:
Oitt or L1JBBOCK
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1.; IAftJila rltUlau• Oity 810Nt&J7 et the
Clff ct U18melt !IDS• heNbJ' 0 • f' ' ! t ~ that t hl to .. ping 11
a V. and ooJ'Nft cow ot aa or4illllloe pat ... br the Cl t,y Cos.ta-
ttoa ~>~ ~ 4tt, ot t.tabtoo"t, t•••• &\JtbOI'Ulq th• iaiO&Doe ot two
limd..-4 FltV fho_.CI »ollart {t2;0.ooo.oo) ot SDBB DISPOSAL PLAB!
utee abolriq tt. a4optton or •14 orot.DM• ae thtt --a_pp.,.. oa
Ordinan ce
ttl• uut ot reto,. to IV ortt .. 1aVBook _.fl • P"C" eftiilli•.,._~!'"'"
•t tecl•• ot tbt a1Dil'•• ot -.14 C.li:y Coaaiedose
WifltSS Yr fiAIJ) u4 thl ••1 ot at4 C1 V
I ·
thltt the 10 dq ot ...,.pa~:u. ... 1111111f'.,..~--· 194.0.
(S.l)