HomeMy WebLinkAboutOrdinance - 432-1929 - Issuance Of $25,000 Sewer Extension Bonds - 01/31/1929O)MIMUNCE AUUORI'4" IS OF
:Ebx��LQ.'QQ sas"Zp zxralsiox AOIDS.
'j
�� a �'IEJJEZJJMI
of Lubbock, Texas, cowen" in recessed regular session in the Citjr Hall,, In the City ca
Lubbock,, Texas, all members thereof,, to-witt
MEESE=
20
wisl��
Commissioner Leaverton moved that the ordinwaos 'be placed on Its first reading;
seconded 'by Commissionar Sawn,, and carried by the following votot
YUS: Mayor Woods, CommiosioAerz Weaver, Hankins,, Bacon and Lesyerton.,
SAYS i Non**
Carried; ordinance plao*4 on first reading.
Commissioner �,�,'oavor moved that the ordinance pass first reading; seconded by
Commissioner Hankins, sad carried by the following votes
UASs AVor Woods,, Commissioners Wowfor, Hankins.. Bacon and Ibyi
passedrsreatoated onsecondreanbvcaoseconded bommssonereavoronandcarrllowi, vo
Tast XVor foods, Commissioners woayor, 3ankins, Bacon and Leaverton.
HAYSt None.
Carried; ordinanco placed on second reading by caption.
Commissioner Bacon moved that the ordinance pass second reading; seconded by
Vommissionfir Weaver, and carried by the following votes
YEAS: or "Voods, Commissioners 'Weaver, Hankins,, Bacon and Leavorton.
SAYS: None.
Carried; ordinance passed second readiyjg*
Commissioner loeaverton moved that the ordinance be placed on third and final
reading by oaption; seconded by Commissioner 'Neaver, and carried by the following votot
AV*r Woods, WeaverHankins, and Leaverton.
None.SAYS I
Carried; the ordinance was again read t7 caption.
Commissioner 2..,n moved . athat theordinance pass third andfinal reading;
seconded by Commissioner Hankins, and carried by the following votes
UASs aWor'Woods, Commissioners Weaver, Hankins, Sacon and Leaverton#
.SAYSs $One.
MVor Woods then declared the ordinance finally ;eased.
The ordinance followss
AN 01MINANQS BY MY. CITY . I .130 OF THE CITY OF
WDSOU, UXAS, AUTHORIZING T131C ISSUANCE Off" BONDS
FOR THE PRINCIPAL J OF 426,000.00, POP THS PUMIOSR
OF TU CONSTRUCTIONOJP 30TIM =T41SIONS IN A31D FOR
SAID CITY: PRQVII)ING FOR THE' LEVY, ASS45=11010 AND
O "' ION OF A SUFFICIE"MTAX TO PAT TU
ON SAID I AND TO CRaTS A SIXXIJIG IMM TO MM
TWM AT TVURI Ys T SCTiI I THE `O OF BOUDs AND
DECLARING Y ZUMGWCY 01 ACCWNT OF TUN
Hani. b ;. i '$ Y City 14bbook, Toxaston the
of September, A. D. I CI, a majority of the qualified voters, who are property t&xpfwero
of the CitX Of u°b'boak, votirW at said election sustained the proposition to Issas the
bonds of said Citr .In the principal swo of j8b,OCQ.QO for the purpose of the construction
of sewer extensions in arA for said City, by a vote of 433 affirmative votes, and which
cs riod by a mejority vote of 413 In favor thereof, being "FUN TH4 IMIMUCE OF BOUDISI
TaR SUX OF 050000.00 FOR TU PURPOSEOF THE i ' OF SEWEXTENSIONS, , ,AND TAN
'_TAX 1X PAMST OP"'; ,
URSA , it appears f i3 1, the City commission aid election
propertywas reoularly ordered,, that notice thereof was regularly given for the time and in the
,u��r as provided- bf law,, and that said election was regularly hold and that only
voted< and that the returns thereof were
roaularl,y made to the Commission and that said returns have been duly canyansed and
the result of said election regularly declared in all respects as provided 'hv law
and that it has 'coon found and declared that tho proposition for the IssuaAce, of said
bonds a.. w.:, carried and sustainedr. t f majorityof G property
..
votisW thereon, r. A that,thereforls, this Commissionauthorized z bonds
WHERIAS, the City Commission dooms it advisable and to the 'boot interest of
at this time
tile city, to tasue/only 425#(),00.00 Of said total of 485*000.00 of bonds authorized to be
SMSSIOS BORD3j, SERIAS A OF 1929",, be issued under and lij, virtue of the Speoiax Charter
of the said City* adopted #. avote.the qualifiedvotersN
City,* and amendments thereto, Iiiiiii the Constitution and laws of the State of Texas. fbr
,. purpose i> the construotioAV sol '. ' r & # <. M # and fow . the #'
i' ." !d ofTwentl Thati Dollars6
Seat ion 2. That said bonds shl be nuilzbered oonseoutively from ono (1) to
'' N7inolusive, andsha,11be in Y ! W?4 T 9 # .OneThousand it 1.
BOND .
Y DATES*
AMOUNTS.
1
February
11th,
19310
4,1,00o.U0
2
February
11th,
1 330
410000.00
February
lltb.,
1936,
41,000.00
4
February
11th,
1937,
410000.00
February
llth,
1939,
`$l, 000.00
6
Robrularl
ll h,
1941,
41*000.00
7
February
11th,
1 ,
410000000
a
February
11th,
1946,
1$000000
9
February
ll t,,
1947,
410000,00
10
Februlal
11th,
1949,
41"000.00
11
Tfebr"ry
,
1 1,
01,p 00.00
il
Februarya6
M11�
t ,
p
M. 0
,9wti 5i+ .00
is,
February
11 h,
1 SO,
01,000.00
14
february
11th,
19670
#l"000*00
lb
February
11th,
19bV,
01,000.0o
16
FobruarX
llth.
1960,
410000,00
17
Fobruaxy
llth,
1 d1,
, .0
V00-00.00
I$
February
11th,
1962,
19
February
llth,
1963,
1, .uo
20
Fobruary
11th,
19640
it� 1 "o 00. jo
1
February
11th,
1966,
410300.00
2.,2
Februaxy
11th,
1966,
i,000.uo
3
Fob rua, 17
llth,
1967,
41000.0
24
February
11 h,
1968,
41,000.00
25
February
11th,
1969,
410000.00
Section 4# That thex *hail bear interest at the rate of five per eontum
6parannum, payable Y Y a4 5 # ":d '. 4 lith day 4AugustT S llth 9 Y
P � y
'be payable on presentation and surranAor of' bond or proper coupon at the National Sank
n ar cer ,t P 30��m
Section'x.. That each of bonds be ;a+P x.:Q by s Mayor, counter-
seal of the City of loubbook shall Iwo Impressed upon each of said bonds-
970
m i St 'i 4 aA. 7". ,-
mV be lithographed on the coupon* attached to said bonds, aid $hall UAYO the SMS
UNITED STATES OF AURIGA
COUVT OF ` N
XNOW ALL 90 s That ': s: City of # o municipal +r 4
poration duJ7 incorporated under the laws of the State of Texas, for Yalu* received,
t Y 3 d ." . i i TT. � e
ORR TSDUSANDDOLLARS
(410000.00), in lawful money of the United States of America, with interest thereon from
date hereof at the rate of five per contum ib l per antum, interest payable osmi-annually
on the lith day, of AuguAt wul the llth day of February of ea4h year; principal and in-
t*rest payable upon presentation and surrender of bond or proper coupon at the National
Sank of Ca roo, Now York City, Now York, and the City of Lubbockto hereby holet am
firmly bound, and its faith and credit, and all real and personal property in said City,
e hereby irrevaIvalbly ply for the prompt payment of the principal of this bond and
the interest thereon at t ity.
THIS BOND is one of a series of twenty five (25) #xaen numbered consecutively
from ,,n, . of .a nu Of Thousand#
llars
c -s.gregating Twenty Five Thw a !# + # for
purpose of the constructionOf :a and forunder and
by virtue
of + a and laws of of of
LabP: #oko Texas, and In pursuance of anordimincearA legally adopted by
Commission ifsaid Citq mid ofrecordin theMinates. said Commission.
TUB DhTR #.::: 'Y M n ;d inconformitywith the ordinanceabove 1mentioned, ',.
AND IT IS URMY GATIVIAD AND MITHD that the issuance of this bond, arA
tbo series of which It is & part, is duly authorized by law and by a vote of the quali -
fied propertyvotersof the City of #..k +#, Texas, voting at an election hold
for that purpose in sald City On the 24th day of September* A. D* 11928; that all actoo
conditions arA things required to be done precedent to and in the iSOUSA0010f this sori**
of 2 'tl # .. and of S.:x # havebeen
properly dene, wAperformed andhavehi pp'...Y'# a
in
rqgular and due time, form and manner as required by law; that sufficient and proper
provision for the levy and 001100tioA Of taxes has 'boon made whim w1um collected ahall
be appropriated exclusively to the pVm*At of this bond and of the series of which it
is a part, and to the pajmsat of the interest coupons hereto amazed as the 8amO shall
become due; mid that the total indebtedness of the said City of Lubbock, including the
entire series of bonds of which this is one, does not exceed W aoAstitutional or
IN WIMSS WHBRZUF* the City of Labbooko bjV its City Commissiono has caused
its corporate seal to be hereto affixed, and this bond to be signed by its Mayor, counter-
,siVled bjr its City -Secretary, and registered by its City Treasurer, and the interest
coupons e >.# to be executed by the lithographed# t
I*y*r and City Sooretary, as of the llth day of F ruary. A. D. 029.
COUNTURSIGNSDI
I ° a
0I «+x' a", 0 of
Lubbock, Texas.
l arer, City of I4ubbocko
The to= of coupon attaebied to said bonds shall be su'botantia14 as, follows:
No 4
the City of Labbook, Texas, will pays' to bearer at the National Bank of Comeroo, Now
Tork City, New fork, the sum of TwenV Five Dollars (2h. 0), in lawful monoy of the
United. States of America, boing sixmonths' interest dae that dV on MY OF LUMCK
,am'l 4VIMSION BOND, SERIss A OF 19290 NO. , dated b r llta., 1929.
r«
City Secretarr,
Section 9.Tho following eertifioate shall be printed on than back of each of said
fjoate of the Attorney General of the State of Texas to the offset that this bond has
Constitution'been examined by him as required by law, and that he finds that It has been issued in
of Texas and the Citj
of the City of Lubbock, Texas, and that It is a valid and birAing obligation upon said
9 . labbook,Taxes, and said bondhas thisdal been registered ayr me.
the State of
matures,pV the interest on said bonds &W create a sinking fund with which to pal the prianci 'A'i
as It shall be and It is harobythat 'be levied,
td collected r due time, 'a m, and qi .3.:: > x..the same tins other taxes are ,.:
assessed and oollooted in each year in said City, a safficient tax upon all the
:` principalthereof as
the ^ &; `,a is :. `, and o1. 3.tthe interestPid bonds R.
to oroate a sinking v matures, there in hereby levied
tax of *as coat (1�) *A tits 4100.00 valuation of all tazable property in sa*1A City for
the year 1929 and or each succeeding yI*ar while said lbonds,, or ..
a, s r g and r ,, 'be assessed and collected, o; so muchsmy sz;
fcar,y fsrsaid purpose,, and applied to the purpose n=ed*
Section 11. IT IS FURTHUWAINED that tbe Mayor of said City of LubboI,
be and a authorized to r have charge of all necessary a k apending
investigation br the Attorney O*Aeral end shall take and have oborgo and control of
bond* m .dti pending their appvcYal by the AttornV
Genoral and regis-
tration
of sewer extension# in order to serve the 1�est interest, health and welfare of Its
APPRWRI)o this the * e YJanuarl, A.Dx