HomeMy WebLinkAboutOrdinance 1401 MUM
1* Ord inews No, 1401 authorizing the iasxnce
of SwerL Rundred Thoumad (MO,WU*OU) Doll"s North
;�f ltreet Improvemc-A Bonds mit of 'eries No, 52*
2* Certificate of City Secretary-Treso-arer
sh,-)Yvint� thi-t nio other Est nda have been authorized to be
issued out of `"cries 52.
The City Co'Lmail of the City of 'Port Trorth met in
arognUr session in Vie :-2ouncil Cliar.ber at the City lfpU at
9.30 k. P'., Tuesday, the Wth day of Nrch, % 7). 1ts8, and
u an roll cz it tha �olloving were present'. Wa. Bryce, llaycr,
W, 3, Austin, -lllard Burt m, Van Zandt Jarvis, . '.,'ming,
.3. T. Renfro$ John 7. "Darkd ,,,nd A, 'g. Thomas, Councilman,
constituting; a quorums and majority of said Roard, and I. L.
Tan �andt, Jr., City See retary-±'reasurer, was in attendance
at said meating, rand the fzllcwi Tarocesdin,_;s, among other
t hints, were had and don t
Courncilmmn Thows, seconded by Cotmoiimian ttonnig,
moved the adoption of the fo;lloAng Ordinance;
ORDINANCE N'a.�.
AN 0RDINk!I�2, 7 ?a71'11NG r��i Tlt i, 1�M, AB 0V
CIiR OF PORT '.'rO.IRM IA'GMI�' � `O TH3 "111TCIPAL
Cr q 3N IIED TWAN 000.06 DOLLAR
®TIT OF AN PI 0 -1 9"0013, 0 ' Yi!'
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OF OHS THOUSA"D 0 .0U DOLLAIRMI�'Bljlo
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AM YR MY 3 DATE TTMaF A�} c
s.'C "T' +.�y OF 'Dt1Tt AND ( ►F� 'r'
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B '' IIS C� A�l"AAC ! TO TB3
110NDS MMOTING THAT T93 SAID NNW BE IM"ED
TTDI'"A} Vol? AN ANQUAT3 'SAX L 'n F-TVA op
Tt's ON SAID B(FIS AIM TO CREATE A 5IM?*
70M �+ -4 TNB PlYM IIT OF THE M- INQ IP?,l THERE(T A
THE SAID VAT f13 M T X1 TO TIM AND PROVIDI
TEAT TARS 00)INANCF 5&ka B3 IN MAOI QJD 13VV T
FROG AND AFI'l ME DAT3 OF ITS P:ASIAGE#
Ar
on tLe 6th day of Deceer, 39270
pursuant to the authority vested in said Cita by "action 19
of Chaiter 77 of the Charter of the City of Fort 7orth,
adopted by the gaalified. voters Within tree limits of said
City on the 11th day of peoember, it. T). 1924, and the laws
and constitution w�' 'the Ute of Tame, the City Council of
the City of Fort -"orth, Texas, by a resoLition and an ordvin-
,ance of that date, directed the submission to the resident
property is}paying (junli:i ed voters of said City, at an elec-
tion to be held in sp-id City on the 10th day of January, "„
D. JV%, of the right, power end authority of the City Cour
oil of said City to isoue negotiable oouPon toads of the cor-
porate _overmsat of the avid City in the ,principal sum of
One zillion, rive T'uradred, Thousm- d ( 1,�uU,Otifl.00) Dol3ars0
for the ptwpose of mating narmRnent improvements in said City
by constructing, improving, .ml 'extending the stroets, thor-
ou,-Afnres mnd stone sewors o7 the s�id City, and to include
in such �ermanont improvements the ridezingr, paving, grade
separat ion, bridgei and drainage; and
'717 T',A It in emformity with the sait! resolution and
ordiaaace, the 'nyor of said City did nn?v T)roclnnntion of
srid election, and fixed the urate V reof for the 10th day of
Ja=ry, A. D. 1928; and
IflBR A a, mid election. order €sn,d proclamation there-
of was prepared and published in the manner ani for the time
prescrited in said resolution rind ordimmoe; and
on the 10th day of Janupry, A. P. 1928,
ss:id election was held in the City of Fort `urth at the, re-
spective polling places designated in tf a elaction order, at
which said election the is.nunnee of said bonds was submitted s.s
a nroposition to the tW�aying qualified vuators of avid City; An6
WJWASi tka official b419t on soak osusla% in
oWa mitt' with the resolotim and ordimmo of the City
4satossil, hereinabove =utimod* sed is asoordamo with the
order of acid slostim4 is fare and in sabsstamae resdsr as
tollowss s
OFFICIAL BALLOT
I.
Shall the City of Fort Worth, through its C t Council, ssue
its negotiable coupon bonds, r ng from five t5lundred to torte �(4U)
years, in the principal siun of One Million live ousand
l;?1,5u7,000.007 Dollars for the purpose o constructing, improv-
in and extending streeis, thoroughfares and storm sewers of said
CNy including in such permanent improvements the wideni , pav-
ing, grade separation, bridges, and drainage, the fir-st of said bonds
being payable at the expiration of five years from the date thereof,
and serially thereafter as may be determined by said City Counci.L,
o that the last maturing bonds shall become payable within forty
4U) years from the d to thereof, bearing interest at a rate not to
exceed five per cent (5%) per annum from the date thereof, ayable
semi-annually, and levya sufficient tax to pay the int ere on said
bonds at the maturity hereof?
FOR the Issuance of Street Improvement Bonds.
AGAUTST the Issuance of Street Improvement Bonds.
II.
Shall the City of Fort Worth,•through its C ty Council, ssue
its negotiable coupon bonds, running from five tb) to forty t4u)
�ars in the principal sum of One 01111un Une Humdred Thousand
J 0,000.Ot}1Dollars, for the pur ose of improving, extending
d enlarging the sanitary sewer sys em and sewage disposal plant
of said City, the first of said bonds being payable at the expi ra-
tioh of five (5) years from the date thereof and serially there-
after as may be determined by the said City 6ouncil s that the
last maturing bonds bhall become payable within forIj �4u) years
from the date he eof, bearing interest at a rate no to exceed
five per cent 15) per annum from the date thereof, pa able semi-
annually, and levy a sufficient tax to pa the interest of said
bonds and create a sinking fund sufficient to redeem said bonds
at the maturity thereof?
FOR the Issuance of Sanitary Sewer and Sewage Disposal Bonds.
AGAINST the Issuance of Sanitary Sewer and Sewage Disposali Bonds.
III.
Shall the City of Fort Worth, through its C}tp Council, e
its negotiable coupon bonds, running from five t51 to forty �4sUs�)years, in the principal sum of TwoHundred Thousand ( 2uUuv .0
Dollars, for the purpose of improv' , extenaing and enlarging the
sastbme atwaterworks
expirationaoa five'�rsffrom thest of sdatebonds
th thereof, and
serially thereafter as may be deterrmined by the said City Council,
Nthat the last maturing bonds shall become payable within forty
) years from the date thereof, bearing interest at a rate not to
exceed five per cent (5%) per annum from the date thereof, pavab.ie
semi.-annually, and levy a sufficient tax to pay the interest on
said bonds and create a sinking fund sufficient to redeem said bonds
at the maturity thereof?
FOR the Issuance of Waterworks Bonds.
AGAINST the Issuance of Waterworks Bonds.
IV.
Shall the City of Fort Worth, through its C't Council, ss e
its h6gotiablepcouponpabonds, runni.ngfrom f}�e'W5�,to Eberly 1(4ur
in the principal sum of One Ilion ll 1 000 000.00 Dollars
6r tie purpose of construc6ing, erectang and equipping a new
jears
unicipa.l Building for the ity of Fort Worth and orpurchasing
and acquiring the necessary lands and site therefor; the firet of
said bonds being payable at the expiration of five years from the
date thereof, and serially thereafter as may be determined by the
City C uncal, so that the maturing bonds shall become payable within
for �40 years fr m the date thereof, hearing interest at a rate
not o exceed five t5%) per cent per annum from the date thereof,
payable semi-annual y and levy a sufficient tax to pay the interest
on said bonds and create a sinking fund sufficient to redeem said
bonds at the maturity thereof?
FOR the Issuance of Municipal Building Bonds.
AGAINST the Issuance of Municipal Building Bonds.
V.
Shall the City of Fort Worth through its C t Council s e
its negotiable coupon bonds, running from five to forty
ppears in the principal sum of Three Hundred Fi ty Thousand
000.06) Dollars, for the purpose of constructing and building a
bridge across Lake Worth in aid Citin the vicinity of what iscommonly known as the "Dine Tile Briige" the first of said bonds
being ayable at the expiration of five (5) years from the date
thereo , and seriall thereafter as may be determined by the said
Cit Council, so tha the last maturing bonds shall become payable
wit 'nfort (40 ears fr he date thereof, bearinginterest at
a rate not to exceed five r5%� per cent per annum frothe date
thereof payable semi-annually, and levy a sufficient tax to ay the
interest on said bonds, and create a singing fund sufficient o re-
deem said bonds at the maturity thereof?
FOR the Issuance of Lake Worth Bridge Bonds.
AGUNST the Issuance of Lakd Worth Bridge Bonds.
VI.
Shall the City of Fort Worth, thr Counc U. issue its
negotiable coupon bonds, running fromfive t5) fortp� 1401 years,
in the principal sum of Three Hundred Thousand U0,000.00 Dollars,
for the purpose of creating a permanent revolvin street improvement
fund to be used in pa ng for any character of street improvement or
part thereof, the cos of which may be assessed againstersons and
property specially benefited under the terms of the Charter and the
laws governing such matters; it being contemplated that such fund
shall be used merely to advance the money necessary for such work in
connection with the cost of such improvements until the special as-
sessments shall have been collected and such revolving street improve-
ment fund shall be recompensed from the said special assessments ane
said fund shall be used over and over in the manner as aforesaid, the
first of said bonds beingppaagable at the expiration of five years from
the date thereof and serially thereafter as may be determined by the
Olt yYCoun it so that the last maturing bonds shall became payable with-
in forty �40 years from the d to thereof, bearing interest at rate
not to excee five per cent (5�) per annum from the date thereof, pay-
able semi-annually and levy a sufficient tax to pay the interest on
said bonds and create a sinking fund suf fici ent to redeem sal d bonds
at the maturity thereof?
FOR the Issuance of Revolving Street Improvement Bonds.
AGAINST the Issuance of Revolving Street Improvement Bonds.
VII.
Shall the Cit of Fort Worth through it Cit Counci issue its
negotiable coupon bonds , running from five ?5) to forty tH yyears,
in the principal sum of One iii dion, Five Hundred `Thousand 11,5u0,-
000.00) Dollars, for the purpose of constructing, building and equipp-
ing a Municipal Auditorium for said City and for purchasing and ac-
quiring the necessary lands and site there or, the first of said bonds
being payable at the expiration of five (5 years from the date there-
of, and seriall thereafter as may.y be determined by the City Counc'l
so that the last maturing bonds shall become rayabie within forty
ears om the date thereof, bearing interest at a rate nut to exceed
ive (5 per cent per annum from the date thereof, payable semi-
annually and levy a sufficient tax to pay the interest on said bonds
and create a sinking fund sufficient to redeem said bonds at the me-
tur it y thereof?
FOR the Issuance of Municipal Auditorium Bonds.
AGAINST the Issuance of Municipal Auditorium Bonds.
VIII.
Shall the City of Fort Worth, through 1 s City Counc}1 issue its
negotiable coupon bonds, running from five 5} to forty t years,
in the principal sum of Three Hundred and Fifty Thousand 50,000.vO)
Dollars, for the purpose of purchasing, acquiring and improving lands
and property for public parks in the City of Fort Wr h, the first of
said bonds being payable at the expiration of five r5),years from the
date thereof and serially thereafter as may be determined by the City
Councij, so that the last maturing bonds shall become payable within
fort��rr0) y s from the date thereof bearing interest at a rate
not to exceed—(5f) per cent per annum from the date thereof payable
semi-annually, and levy_a sufficient tax to pay the interest on said
bonds and create a sinking fund sufficient to redeem said bonds at
the maturity thereof?
FOR the Issuance of Park Bonds.
AGALNST the Issuance of Parx Bonds.
IX.
Shall the City of Fort 'North, through 1 s City Counc'1, issue its
negotiable coupon bonds, ruing from flue 15) to forty 4u} ears
1n the principal spun of Six hundred and Fifty Thousand ( 65u,0U0.0O)
Dollars for the puose of constructing building and equipping a new
Public Library forlhe City of Fort Torch and for purchasing and ac-
quiring the necessary lands and site therefor, the first of said bonds
being payable at the ex iration of five (5) years from the date tber
of, and e-
serially thereafter as may be determined by the City Counc U
ho that the last maturing bonds shall become payable within forty t46)
Tears from the date thereof, bearing interest are. rate not to exceed
five (5%) per cent per annum from the date thereof, payable semi- f-
ly and levy a sufficient tax to pay the interest on said bonds at the
maturit y t be reo f?
FOR the Issuance of Library Bonds.
AGAINST the Issuance of Library Bonds.
NEWS, is the slsot im hold is Said City of Fort
Worth an the 14th by of Uwary* A. D. 19280 on the mostion
of the ismanoo of maid tends hsreisn before meat ione d, there was
a majority of rotes is favor of the issea amm of said ids; and
" IRA"Op by virtue of said election, said Counssil
is rested with paver and authority by asd from the people to
iss:sm said bastds for the purposes aformentioned, and to mks
sow valid uad tinding oblilptiens of the corporate ip"rnment
of the City of Port Vorthi rad
�'a100 it is desasd wise aad sxpedi ant 'by the 01ty
Commil of the City of Fort Worth, in the oxweiss of the div
+oration reposed in it by lair, 1tiat only Seven Mmdred Thhomieaud
( J oOOO.[M(ji Dollars worth of the authoris od issue of One Nil—
lions Fin RmAred Thomsand (41050090OU.UJ) ?)ollars be issued
In bonds at Me time; or id bonds to los i,mued lasing a part of
Series fifty-two (R) and dosigrAted as "Stnet InWovasat
B�or►do".
WON 111"OESO
H8 IT 0FDP,1JED BY THE C ITY 0000IL QF 711C 1TY tib'
Ftp W $t
ICK 1•
'kat paEaasaat to Seatioa 19 of Chapter M of the
Cho rter of the City of Fort t*M4 adepkel ty the gxtlifisd
raters within the corporate limits of said City an the 11th
day of Domemlarr A. J. 1974, and the laws and a exist itution
of the Stats of Tms, &M parsrsat to a gate of the remi*-
drat property tax paying voters of the Cit• of port Worth.
at an slsetion held in said City for mach rurtxv as on the
14th day of Jramry, A. Ds 1928, tLsrt the s maicipa, govern-
ant
overn►a nt of the City of Fort worth t+erae its corporate negotiable
oeapol� beaads in the prisipal an of SOM R=*0d fhraasmd
(t=000040) Dollsgri4 out of an authorized issue at said
elestion of 111AW g'_i.Mon, "nitre H dred Thousand ( 1,50d,000o-
00) Doll"x, and vddeh.nutborized issue is bairn as gc@rLon
fift"so (dB) and Aesienated as "8txreet Tm-m vroont 'DaaWs
end the bonds ro to be issued she U tie in the lonninatim
of 0" ;o Emnd ($1,000.00) ZbUssrs each, dated ffiay► 1, 19200
taxing interest at the rat a of four and ane-fourtb ( per
Gent par anxMI, payable lrnd-&NMA Y an tho let day of NOV-
eaer and ?,ray of eaoh year respectively, teeth ps iw ipal. arid
interest of said bonds bein pr;rblo at the Rmover Watioa.t.
Bank in the City of Flea 'fork, Ita,,e of New Turk, the read-
anml interest brim; evidmed by interest coupons attach-
ed thereto, all of said words to be easeated for and as be-
half of the City of Feet Forth by the Wy►or thereof, attest-
ed by its City 'acre tary-7reastir or, with tht seal of the
City therrsen daly inprasnd, but the interest sonpens to be
emsouted with the lithowaphed faosdalils stiqLature of the
Mayor and City lecr+etary- reaaaurer of the City of Part ldrU4
each of niri bvntLq and cower ahull be negotiable sad pay-
able to baarer, and ,said banal aimil be nmi Barre d in the way.
and mmner liarsia ter eat ovAt, u0t1wing five (5) years
fres the dxte ttaaroof aW amuallyr thereafter until the last
maturing bond shall hec"°e ,payable within forty-(40) gears
from the date thereof, and the bonds themselves, seven
hundmi 003) in number, PWI be nuniu Bred c onsc ut,irely
fron one (1) to seven 'hunft*d (7th) imlusivs, ann shall
aroatun in the amounts and xamer hereinafter not outj said
bonds shall be reared tar the -purruse of making pormzmm►t tar*
prorrsments by coartracting, extending and improving the streets,
tbomghfarea Baud sto= sewers of 'said City,
That the general fora of said bonds and the coupons
thereto aramd. ani! the interest added to said bonds shall be
weesnt ed saUtant ially in the f oI loving 4o m s
NO. UNITED STATES $1000.
OF AMERICA
SPATE OF TEXAS, COUNTY OF TARRANT
SERIES
C I T Y O F F 0 R T W 0 R T H
---0000000---
KNOW ALL MEN BY THESE PRESENTS:
That the government of the City of Fort Worth, a
municipal corporation, duly created under the lwws of the State
of Texas, hereby acknowledges itself to owe, and for value re-
ceived promises to pay, to bearer,
ONE THOUSAND DOLLARS (01000.00)
in lawful money of the' United States of America, on the day
of� , A. D. 19_, together with interest thereon
at the rate of four and one-fourth (410) per centum per annum,
h
payable semi-=annually on the 1st day of November and May in each
year, on presentation and surrender of the annexed interest cou-
pons, as they severally fall due. Both the principal and inter-
est of 'thi`s bond are payable at the office of the Hanover National
Bank, in New York City, N. Y. , and for the due and punctual pay-
ment of this bond at the maturity thereof, and the interest there-
on, when it falls due, the full faith, credit and resources of
the City of Fort Worth are hereby irrevocably pledged.
This bond is one of a series of
numbered consecutively from
to , inclusive,
each of the denomination of One Thousand ($1,000.00) Dollars,
amounting• in the aggregate to the sum of
issued for the purpose of
under and by virtue of the
Constitution and laws of the State of Texas, the Charter of the
City of Fort Worth, and an ordinance of the City Council of
said City lawfully passed and adopted on the day of
A. D. 19 , pursuant to valid au-
thority from the property taxpaying qualified voters of said
City, at a proper and legal election held on the 10th day of
January, A. D. 1928.
It is hereby further expressly represented, recited,
and covenanted by the government of the City of Fort Worth, to
and with each and every holder of said bonds or any one of them,
that all acts, conditions and things required by the laws of the
State of 'T exas, and of the Charter and Ordinances of the City
of Fort Worth, precedent to and in the issuance of this bond,
have been done, have happened, and have been performed in pro-
per and lawful time, form and manner as prescribed by law, so
as to make this bond a legal, binding and valid obligation of
the City of Fort Worth, and that provision has bean made for the
levy and collection of a direct annual tax on all taxable property
in the City of Fort Worth, and that such tax has been levied in
a sufficient amount for the payment of the principal and inter-
est of this bond at the respective maturity dates thereof, and
that the total indebtedness of said City, including this bond,
and the issue of which it is a component part, does not exceed
any constitutional or statutory limitation.
IN TESTIMONY WHEREOF, the City of Fort Worth, in the
State of Texas, has executed this bond by causing it to be sign-
ed by its Mayor and attested by the City Secretary—Treasurer,
with the seal of the City thereunto duly impressed, and has caused
the annexed interest coupons to be executed with the facsimile
signature of the Mayor and City Secretary—jTrea.sarcr, and dated
as the first day of May, A. D. 1928.
CITY OF FORT WORTH, TEXAS.
.yo r
ATTEST:
City Secretary—Treasurer
(FORM OF COUPON NOTE)
SERIES
N0. $21.25
The City of Fort Worth, in- the State of Texas, pro-
mises to pay to bearer Twenty-one Dollars and Twenty-five Cents
(421.25) , on the day of , A. D. 19 at
the Hanover National Bank in the City of New York, N. Y. , for
interest due that day on its municipal bond, dated May 1, A. D.
1928, and numberrad
CITY OF FORT WORTH, TEXAS
?layea�
ATTEST:
City Secretary-Treasurer
3MTION IL
That the said bonds so to be ismied by the City of
Fort Worth, amounting to Seven Hundred 'thousand ('`'?uu,QUO'OO)
Dollars, out of the said an thorised is-me of One, ldillioj4
Five t1undredAi$lV500,UOU*00) Dollars, shall be isaued for the
Purpose of constructing, irprovirC rrnd eutendiru., the streets,
thorou--h fares, storm sewers, bridges rad drainRgeD of said City
and consist of seven hundred (TOO) bonds, numbered from
one (1) to seven hundred (700) inclusive, and abP-11 bear inter-
ext at the rate o I and gae-Q!I114or cent „er annum,
payable semi-,-mnually, as aferesir id; e11 of wr a ch said seven
hundred (700) bonds shall be kno�m tie `?eries fifty-two (52)
and shall be styled and do-Agwited fts ""tvecet I«provementk Bands";
that all of mid bonds, conprisir the sm tvtnl of =erven Ahnd-
red `fhouean.d OV00,000.0O) Dollars, stroll mature in the =inner
and amounts as set a-lit in the tabulated statement herewit* at-
tached, to-Witt
C.ITT OF I3Rf WORTE
rph L V MUTMI
M0000,00 STR-I,T r-7111
LATO WY 1St', 1928
JAB YAY LSP Il�CI�,L
1933 400a.
35 14 000.
36 14-000..
14 000.
OUO.
39 l .
40 4'0009,
000:
4� �COOO.
4000.
44 W 000.
45 7�4:UUO.
47'_46 I4;0UU.
V14;0000
1000.
1 000.
552 212000.
53 F� ,t7U0•
54
55 '000.
56 57 58 21;000 .
+,1,000.
5y 21;000.
60 X154 ;000*
,2,000.
28;000.
28x000.
A 28 000.
65 tle.ouul
67 28;000.
22'88".
?hnt the said bonds are hereby autliorized to be sold
to the best adyntagoo but in no event ahRU arose be sold for
lees then par, and the accrued interest to the time of delivery
rL d the proceeds thereof, to be placed in the Treasury of the
City of Tort `,orth ind utilised for the speoial parposes for
vhieh they are crertod.
SECTION
Me t1f y Ir
That for tete purpose of creating P sin)dV, funu for
the pasysent FlA complete axtinguishmerA of the foregaing bond-
ed debt, principal and interest, and ell ind every part of erne,
there io hereby levied and 'there mall be s s.eased and colloot-
ed as provided by law,, sat a,,art and agsropriated for the said
purpose, rn aznu�1, direct sial ad valorem tax for the y+eer
191289 and every miccessive year thereafter during the life of
said bonded debt or say part thereof of„., &6 Gents (or
such an £mount as may be nwassary spud ndec-uate, be it more or
lose) on every One hundred (0100*00) Doilats of property valus!-
tiano, real, pareanal -nd maxed, subject to taxation and, not ex-
empt therefrom under the Constitution r-nd lar of the State at
Texas, situr+.'ted and owned in the City of Fort -'orth on the lot
day ofTnnu.gry 1928, Lind on the 1st day of Jan ry of each year
thereafter until oaid debt represented by said bonds and cmpon
interest notes shr-U ht+ve been fully paid, Mrd if, at my time,
etch tax should be insufficient, than it shall be the duty of
the City Council or any other governing body of the City of Fart
.orth, to sat apart and appropriate ouch additions l =on-:,,t of
money out cf the gemral rer+rmnes of trie said City, as may be
requisite to supply the de f ici+a y until all int ere s t stall
have been paid and th-s sinking fund established $a required by
the Constitution of the State of Texas and the Ch.artar of the
City of port 'o rt h.
SECTION V.
That it shall be the duty of the City Council of
the City of Fort Worth and its successors, and of the government
of the City of Fort Worth, by levying taxes for general pur-
poses for the said City of Fort Worth for the year 1925, and
for every successive year during the life of said bonded debt
or any part thereof, to include in such levy the special tax
of 2.5 cents on the One Hundred ($100.00) Dollars property
valuation (or so much thereof as may be requisite and neces-
sary provided for in the neat preceding section of this ordin-
ance, and such special tax shall on no account whatsoever be
displaced therefrom.
SECTION VI.
That the special tax hereinbefore provided for, when
collected, shall be placed and kept in a separate fiend and shall
be devoted to the payment of the interest and the extinguishment
of the principal of all and singular the bonds hereinabove men
tinned as same matures from time to time, and shall not be used,
applied or diverted to any other purpose or object whatsoever;
and the funds derived from said tax shall be held and listed as
a separate account on the books of said City, and the proceeds
held and kept by the City Treasurer of said City as a separate
and distinct account and so specified as such on his books.
SECTION VII.
That as soon as convenient after said bonds shall have
been prepared and sighed in the manner prescribed by the ordin-
ance, they shall be submitted to the Attorney General of the
State of Texas, together with a certified copy of this ordin-
ance and a statement of the total bonded indebtedness of the
City of Fort Worth, including the bands herein and hereby au-
thorized and the assessed value of the taxable property in said
City, for his approval, and none of said bands shall be nego-
tiated, sold or transferred until the same shall have received
the official ssaction of the said AttorxLs' y Geral as prescribed
by law, and thereafter said bonds shall be placed with the State
Comptroller of Public Accounts for registration.
SECTION VIII.
That the City Secretary-Treasurer of the City of Fort
North, or other lawful custodian of such funds, during the
months of 1pril and October of each and every year during the
life of said bonds or pert thereof, and not later than the
20th day of each of said months, shall transmit sufficient
money out of the interest funds hereinbefore created, for the
payment of the semi--annual interest accruing on said bonds,
to the Hanover national Bank of the City of New York, State
of lew York, and likewise remittance shall be made in due
course to provide for the payment of the principal of any of
said bonds in advance cf the maturity of same.
SECTION Ig.
All ordinances and parts of ordinances in conflict
herewith be and they are hereby expressly repealed.
SECTION X.
The holding or adjudication of any section, portion,
or pert hereof to be invalid, shall not affect the validity
of any other section or part of this ordinance, but all such
other sections, portions and parts hereof shill be and remain
valid.
SECTION XI.
That this ordinance shall take effect and be in fall
force and effect from the date of its passage and it is so
ordained.
APPROVED AS TO FORM:
City Attorney
Igor Thn. Bryce, presiding at said nr eeting, submitted
the; motion to adopt said Crdimince and a}1 of the Counci.L-nen,
including the Mayor, voted "aye" thereon and none rated "no"*
and the cation to adopt the ordin nee vas declared to be un-
animausly pawed FLnd adopted.
COUNTY OF T'ARRAINT
I, • L. Van ".,andt f dr., City "Pecretary-Trowiurer of
the City of 'Tort Forth,, do hereby certify that the above d
foregoing Crdinnnce is a true and correct oozy Of Ordinance
l o .......,.., samd tkw t wLme was unanimounly Tmosed n.nd aria peed
by the City Cotmcil of the City of Fort earth, Texas, at a
rogWAr meeting hela in the Cour it Chamber at the City Pall
on Tuesday th 7ta day o March A. D. 19e8.
PI 781,73 my hand at Port "earth, 'texas, this the _ dap
o
y r reasurer
the City of Fort Borth.
THE STATS OF Tis
COmffy OF TAM..W
C ITT OF F{ll'1' WGIVH
WERSAS9 the resident qualified taxying voters
of the City of Font ilorth, Texas, at an election duly and re-
gvlaarly hold is said Cite an the 10th day of Jamary, A. D.
1928, authorised t?-,e issuance among other bonds of One Million,
Five Hundred Thousand (4A,50O,Uv0.UU) Dollars, worth of nago-
t lab lie bonds of the Cit y of Fort Worth, `P seas, for the pur-
pose of constructing, improving and ezterriing streets, thor-
ou;hfs.res P nd st are segs of said City and being known as
Series No. 52 and desig m-ted as "Street °!�provemont }fonds";
Rua
MI AS, the City Como it of the City of Fort Worth,
Teras, at a regular meetine, held in the Council, Chamber at
the City Hall in said City on `I'raesday, the 217th day of March,
A. II. 19280 by ordinance Mo. 1401, authorised the isaranoe
of Seven Ekmdred Thoua nd (�IUO,O00.O0) Dollars worth of bonds
out of aeries N0. 52;
1 owl mH MF6, is I. L. Tan Za.ndt, Jr., Secretary-
Treasurer of the City of Fort 'Yaath, Vexes, do hereby certify
that the Seven Hundred Thouamd (; U,U U*00) Dollus worth
of Street ISiprovement Booms above described and being numbered
from one to seven hundred inclusive, out of "arise 11o. 52, are
the only 'bonds t I r-:.t t�v City of Fort "'o rth, either by ordinance
or otherwise has issued rr alxthorized to be isr,,xed out of said
series of bonds.
a T33TVMff �iH�; ;r�P, I have hore=to sided my
name officirtUy and cs aced to he im�reeaeu hereon the seal
of the City of Fort '.orth at my office in the szdd Qitys this
the 711,h &y of April, A. D. IIC8.
,���.J,4 r .JeCi�� �A iastAd®rdf
®it v ox r'o Forth