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HomeMy WebLinkAboutOrdinance - 177-1918 - Fixing The Form Bond In The Mater Of $35,000. - 06_17_1918ORDINANCE NO.. 177. AN ORDINANCE FLING THE FORM OF THE BOND IN T'AE MATTER OF THBTHIRTYFI7FT'HOUSMM DOLLARS (335t000*00) BONDS OF THE CITY OF LUBBOCK, TEXAS, FOES TFM PURPOSE OF PLR CHASING AND EXTENDING AN ELECTRIC LIGHT ND POWERPLANTINANDFORTHEMYOFLU -BOCK: AREAS, at a regular meeting of the Vity godmission of the Citv6fLubbock, Texas, held on April 9, 1918, $350-000*00 bonds of the CityofLub'r ock were authroized issued for the purposenof purchasing andextendinganelectriclightandpowerplantinandforsaidCity; therefore BE IT ORDAIRED BY THE CITY COUNCII, OF THE CITY OF LGBBOC,g, TEXASs Section to Tbat the form of the b,;nds and coupons to be used in said Issue shall be substa.ncially in the following forms, respectively, to -wits UNITRI D STATES aF AKERICA STATE F T19CAS COUNTY OF LUBBOCK CITY OF LUBBOCK ELECTRIC FIGHT A39D PD'R ]BOND n Now 1,O00rQ0 The City of Lubbock, to the County of Lubbock* a municipal corporation duly incorporated under the laws of the State of Texasr . for value received, hereby promises to pay to the bearer on the 15th day of April, 195% the sum of ONE THOUSAND DOLLARS 31p000*00) in lawful money of the United States of America, to- geth -r with interest thereon, from the date hereof, at the r to of sixper cent (6%) per annvm,. payable semi annually on the 10th day of August and February of each year; both principal and interest are hrerry made payable at the City National Bank* Dallas, Texa-1, or at the Hanover National Bans, New York City, liew Yorks at the option of the holder. The City of Lubbock hereby reserves the right to tedeem fts bond at any interest paging period after 15 ye-ra from date heareof, b•r paying principal, and accrued interest, and in the case same shall be called in for redemption before maturity, notice thereof in writing shall be given to the City National Bank, Dallae* Texas, or to the Hanover National Batik, New York City, by the Treasurer of said City* at least thirty days before the date fixed for redemption, and sho, id this bond not be presented .for redejaPtioa* the some shall cease to bear interest from and after said date so fixed for redemption,. This bond is one of a series of 35 bonds, numbered consecutively from 1 to 35 inclusive, of the denominations of One Thousand Vollars (14l 000#00) each# aggregating Thirty-five Thousand. Dollars 0359,000#005 issued for the purpose of purchasing and extending an r electric light and power plant in and for the City of Lubbock, under and by virtue of the Constitution and laws of the State of Texas f and in pursuance of an ordinance duly passed by the City Commis. on of the City of Lubbo4ak. IT IS F0REBY CERTIFIED AND RECITED that all acts, conditions and things required to be done precedent to and in the issuance of this bond, have been done properly, happened and performed in regular and due form and time as required by law, -end that the total indebtedness of said. City, including V is bond, does not exceed any Constitutional or Statutory limitation.. ITT TEST33LONY WMREOF, the City of Lubbock has caused the corporate seal of said City to be hereto affixed, and this bond to be signed by its Mayor, countersigned bi its City Secretary and registered by its City Treasurer, this 15th day of April, A.D, 1918. C•E. PARIS Mayor, City of Lubbock Texas. Countersigneds E.C. Priest, Secretary, City of Lubbock! Texas. 01M,* Ito. 177. Page 2. RegieteredtJ.W* DeShazo, Treasurer, City of Lubbock# Texas. The foam of the coupon shall be substantially no follows: No` . 30.00TheCityofLub°pock,, in the County of Lubbock-, Texasg promises topaytothebearerattheCityNationalBank, Dallas# Texas# or theHanoverNation,,l Bank, New York Cityp New York,, -,at the option of theholder, on the 1"th day of August (February) 1 Thirty Dollars30*00) being six months* interest on City at rub —book Electric LightandPagerBondNo. _$ d-ted April 150 1918* C.E. Parksmayor* City of ubboc , Texas. E,Gt Priest City Secretary, JzWo DeShazo amity Treasw er. Section 2. After said Bonda are executed as authorized, they shall be registered b7 the Comptroller of the State of Texas as provJbd by law* Section 3. All Ordinances and parts of_Adinances in eonfliet vi th the provisions of this Ordinanee are herby repealed. Passed and approved by an unanimous vote of the Council, this 17th day of June,. 1918. GaRe Parke Mayor, City of Lubbock. Atteatt S.G. r-riest Secretary# City of Lubbock, Texas.