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HomeMy WebLinkAboutOrdinance 2628 ORDINANCE NO. AN ORDINANCE PROVIDING FOR THE SUBMISSION TO THE QUALIFIED ELECTORS WHO OWN TAXABLE PROPERTY IN THE CITY OF FORT WORTH, TEXAS, AND WHO HAVE DULY RENDERED THE SAME FOR TAXATION FOR THE PURPOSE OF DETERMINING UPON THE ISSUANCE OF REVENUE BONDS IN THE SUM OF TWELVE MILLION, FOUR HUNDRED THOUSAND DOLLARS ($12,400,000.00) FOR THE PURPOSE OF IMPROVING, EXTENDING AND ENLARGING THE WATERWORKS SYSTEM OF SAID CITY, SAID BONDS TO BE ISSUED AT ONE TIME OR IN INSTALLMENTS FROM TIME TO TIME AS THE CITY COUNCIL SHALL DETERMINE, THE BONDS OF EACH IN- STALLMENT BEING PAYABLE SERIALLY AS MAY BE DETEILNINED BY THE CITY COUNCIL, SO THAT THE LAST MATURING BONDS SHALL BECOME PAY- ABLE WITHIN FORTY (40) YEARS FROM THE DATE THEREOF, AND BEAR- ING INTEREST AT A RATE NOT TO EXCEED FOUR PER CENT (4%) PER ANNUM FROM THE DATE THEREOF; AND TO DETERMINE UPON THE ISSU- ANCE OF REVENUE BONDS IN THE SUM OF FIVE MILLION, SIX HUNDRED THOUSAND DOLLARS ( 5,600,000.00) FOR THE PURPOSE OF IMPROVING, EXTENDING AND ENLARGING THE EXISTING SEWER SYSTEM OF SAID CITY, SAID BONDS TO BE ISSUED AT ONE TIME OR IN INSTALLMENTS FROM TIME TO TIME AS THE CITY COUNCIL SHALL DETERMINE, THE BONDS OF EACH INSTALLMENT BEING PAYABLE SERIALLY AS MAY BE DETERMINED BY THE CITY COUNCIL, SO THAT THE LAST MATURING BONDS SHALL BE- COME PAYABLE WITHIN FORTY (40) YEARS FROM THE DATE THEREOF, AND BEARING INTEREST AT A RATE NOT TO EXCEED FLOUR PER CENT (4%) PER ANNUM FROM THE DATE THEWF; AUTHORIZING THE ISSUANCE OF THE BONDS SUPPORTED BY A COMBINED PLEDGE OF THE REVENUES OF BOTH SYSTEMS; PLEDGING THE REVENUES OF THE WATERKORKS SYS- TEM AND THE SEWER SYSTEM FOR THE PAYMENT THEREOF, IN ACCORDANCE WITH THE PROVISIONS OF APPLICABLE STATUTES, AND PARTICULARLY ARTICLES 1111-1118, BOTH INCLUSIVE, OF THE REVISED STATUTES OF TEXAS, 19259 AS AMENDED, SAID ELECTION TO BE HELD IN THE CITY OF FORT WORTH, TEXAS, ON TUESDAY, THE 25TH DAY OF JANUARY, A. D. 1949; AND ORDAINING OTHER PROVISIONS RELATED TO THE SUBJECT, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: SECTION 1. That a special election be held in the City of Fort Worth, Texas, on Tuesday, the 25th day of January, A. D. 1949, at the polling places hereinafter described, between the hours of seven o'clock A. M., and seven o'clock P. M., at which election the following propositions for the issu- ance of bonds of the City of Fort Worth, Texas, each and all of which propositions contain a purpose clause that has been found and determined by the City Council to be permanent public improvements and for a legiti- mate public municipal purpose, shall be submitted to the qualified electors who own taxable property in said City and who have duly rendered the same for taxation in accordance with the provisions of Article 6, Section 3-kp of the Texas Constitution as adopted at an election held on November 8, A. D. 1932: PROPOSITION N0. 1 Shall the City of Fort Worth, Texas, through its City Council, is- sue its negotiable coupon bonds in the principal sum of Twelve Million, Four Hundred Thousand Dollars ($12,400,000,00) for the purpose of improv- ing, extending and enlarging the Waterworks System of said City, said bonds to be issued at one time or in installments from time to time as the City Council shall determine, the bonds of each installment being pay- able serially as may be determined by the City Council, so that the last maturing bonds shall become payable within forty (40) years from the date thereof, and bearing interest at a rate not to exceed four per cent (4%) per annum from the date thereof, payable semi-annually, and to provide for the payment of principal and interest on said bonds by pledging the net revenues from the operation of the Waterworks System of said City, or in the event that the City Council be authorized to Issue Sewer System revenue bonds as submitted in Pro22sition No, 2, to be secured additionally by a pledge of the net revenues from the operation of said Sewer System? PROPOSITION NO. 2 Shall the City of Fort Worth, Texas, through its City Council, is- sue its negotiable coupon bonds in the principal sum of Five Million, Six Hundred Thousand Dollars ($5,600,000.00) for the purpose of improving, extending and enlarging the existing Sewer System of said City, said bonds to be issued at one time or in installments from time to time as the City Council shall determine, the bonds of each installment being payable serially as may be determined by the City Council, so that the last mature• ing bonds shall become payable within forty (40) years from the date there- of, and bearing interest at a rate not to exceed four per cent (4%) per an- num from the date thereof, payable semi-annually, and to provide for the payment of principal and interest on said bonds by pledging the net revs*- aaea from the operation of the Sewer System of said City, or in the event that the City Council be authorized to issue Waterworks System revenue bonds as submitted in Proposition No. 1, to be secured additionally by a pledge of the net revenues from the operation of said Waterworks System? SECTION 2* That said election shall be held at the following places with the following named persons appointed presiding judge of said election, to wit: PRECINCT WARD LOCATION JUDGE 1 1 Fire Hall - 2nd and Commerce Sts, E. L. Davis 55 2-S Petersmith School A. G. Johnson 715 W. 2nd Street 2 2-N Courthouse Basement - West End C. L. Crutcher 56 3-E Fire Hall - 1401 Kennedy W. L. Denton 3 3-W Fire Hall - 16th & Jones Sts. Mrs. W. A. James 4 b•-E Fire Hall - Texas & Cherry Sts. Mrs. R. H. McLemore 57 y-W Rotary Park - 7th & Summit Mary Estes 58 5rZ tee,.-Tent & Awning Z000at;y Mrs, Minnie A. 602 1111si6i a-Aver Utley 5 5-W East Van Zandt School Mrs. R. R. Kittrell 615 Missouri 54 6-W' Lige Green Florist Miss A. E. Bahan 611 Fifth Avenue 53 6-C Fire Hall Mrs. Johnnie House Petersmith and Fulton 6 6-E Fire Hall - Tucker & S. Bryan Miss Ella Bidiker 7 7-Nd Ernest Parker Junior High School Mrs. Leota 1015 S. Jennings Squyres 84 7-SW Boy Scoutst House - Hemphill Mrs. Sam Dennis Street Presbyterian Church 1701 Hemphill Street 79 7-SE Worth Drug Store Mrs. C. T. Dinkins 2250 Evans Avenue 59 7-NE Lodge Hall - 928 Evans Avenue A. L. Bailey 73 7-E Fire Hall - New York & Maddox Mrs, Mary McKinney 89 7-S Morningside Elementary School Mrs. F. L. Bass 2609 Evans Avenue SECTION 3, That said election shall be held under the provisions of the Con- stitution and laws of the State and, insofar as the same may be applicable, the provisions of the Charter of the City of Fort Worth, Texas, and quali- fied voters who own taxable property in said City and who have duly ren- dered the same for taxation shall be allowed to vote upon said propositions, and all electors shall vote in the election precinct of their residence, SECTION 4. Each proposition for the issuance of said bonds shall be separate and distinct so that the voters shall pass upon each one separately and apart from the others, All voters who favor the proposition to issue the Waterworks System revenue bonds shall have written or printed upon their ballots the words: "FOR the issuance of Waterworks System Revenue Bonds," and those opposed shall have written or printed upon their ballots the words.- "AGAINST ards:"AGAINST the issuance of Waterworks System Revenue Bonds; All voters who favor the proposition to issue the Sewer System reve- nue bonds shall have written or printed upon their ballots the words.- "FOR ords:"FOR the issuance of Sewer System Revenue Bonds," and those opposed shall have written or printed upon their ballots the words: "AGAINST the issuance of Sewer System Revenue Bonds." SECTION 5• The City Secretary is hereby ordered and directed to prepare and issue ballots and stamp same "Official Ballot," on which ballots shall be printed the propositions as set forth above. SECTION 6, In the event the said revenue bonds are authorized to be issued by a majority vote of the qualified electors of said City voting at said election, and the same are issued and sold, the holder or holders of such revenue bonds shall never have the right to demand payment thereof out of any funds raised or to be raised by taxation, and each bond issued or ex— ecuted in pursuance of such election shall contain this clause: "The holder hereof shall never have the right to demand payment of this obligation out of any funds raised, or to be raised, by taxation." SECTION 7, The City of Fort Worth expressly reserves the right to issue and sell the total authorization of Eighteen Million Dollars ($18,000,000.00) in bonds if both propositions are approved by the qualified voters, in one or more installments, and in the event the bonds, as authorized, are not sold as one issue, then the remaining bonds, when subsequently sold, shall be secured by the same character of lien and pledge as the first install— ment, so that each and every bond of the whole authorization, when sold, shall be of equal dignity and parity with each other bond herein issued. All of said bonds shall be issued in accordance with and secured in the manner provided in Articles 1111 to 1118, both inclusive, of the Revised Civil Statutes of Texas, 1925, as amended. SECTION 8. That the City Secretary shall furnish election officials said bal— lots, together with any other forms or blanks, in accordance with the Charter of the City of Fort Worth, Texas, and the laws of the State of Texas insofar as same are appli.cablee SECTION 9. This ordinance shall constitute the election order for such special election, a substantial copy of which shall serve as the notice of elec- tion under Article 704 of the Revised Civil Statutes of Texas. SECTION 10. The City Secretary is hereby authorized and directed to cause notice of said election to be given by posting a substantial copy of the election order in each of the election precincts of said City, and also at the City Hall. The notice of said election shall also be published. on the same day in each of two successive weeks in a newspaper of general circulation published within said City, the date of the first publication to be not less than fourteen (14) days prior to the date set for said elec— tion, and the City Secretary shall see that proper publication is made and proper notice of this election is given, in full conformity with the Charter of the City of Fort Worth, Texas, and the general laws of the State of Texas applicable thereto. SECTION 11. This ordinance shall take effect and be in full force and effect from and after the date of its passage, and it is so ordained, Mayor of the City of Fort Worth, Texas ATTEST: City .secretary of the City of Fort Worth, Texas APPROVED AS TO FORM AND LEGALITY: tj I tL-- City Attorney of the City of Fort Worth, Texas PRECINCT WARD LOC_ JUDGE 8 8-NE Hancock Wall Paper Company Mrs, H. Clyde Eberhardt 900 W. Magnolia 71 8-SE Fire Hall E. A. Bolliger 1601 Lipscomb Street 96 8-S Geraldsonts Drug Store Mrs. T. S. Cyrus 2001 Sixth Avenue 60 8-W Park Place Fire Hall Mrs. 8. W. Wheeler 1616 Park Place 70 8-NW Gebhard Drug Store W. L, McElhannon 131.4 W. Magnolia 61 9-E Fire Hall - 1019 Peach St, Mrs. Gertrude Hufftan 9 9-w Courthouse Basement G. T. Hubbard East End 97 10-SW Geo. Clarke School Mrs. 0. B. Craddock 3300 S. Henderson 78 10-SE Renfro Drug Store No. 18 Mrs. P. L. Martin 3038 Hemphill Street 77 10-C Fire Hall - 2804 Lipscomb Mrs, W. A. Fitts 62' 10-N Be M. Daggett School Mrs. W. K. Rase 2315 College Avenue 48 11-E Fire Hall Mrs. Hattie Leftwitch 12th and North Main 67 11-SW Denver Ave. School Mrs. W. 0, Bellamy 1412 Denver 110 11--NW Fire Hall Mrs. F. Be Kirli 1905 Belmont Avenue 87 11-NE N. Side Tech School Mrs. Felix Harrison Park and Lincoln 68 12-W Sam Rosen School Mr. 8. H. Bogard 1602 N. W. 26th Street 92 12-C Boy Scouts? House - Mr. W. P. Higgins Chestnut Ave. Christian Church - 25th & Chestnut Sts. 49 12-E 0. E. Kimmons Furniture Store Mrs. Russell Babcock 124 W. Exchange 10 13-N Fire Hall W. E. Rickard 1525 E. Hattie 80 13-C R. Vickery School W. V. Jones 1905 Vickery 90 13-S Anna Griffith Florist Mrs. Anna Griffith 1329 E. Richmond Street PRECINCT WARD LOCATION JUDGE 81 11.E--N Alice R. Carlson School Mrs, Florence Whitman 3300 W. Cantey 108 14,--SE Fire Hall - University Dr. E. L. Mi.lberger and Berry Street 95 3-4-M Horn Grocery Mrs. S. $. Leonard 2202 Forest Park Blvd. 117 14,S Mrs. Grace Bradley's Resi- Mrs. Roy Douglas dence -, 3314 University Dr. 15 15—S Brooklyn Heights School Mrs. J. A. Hughes 3726 Lisbon 116 15-C Crestwood School John Thompson 3600 White Settlement Road 64 15-nN W. Van Zandt School Mrs. Joe W. Dawson 1200 University Drive 16 16-E Old S. Hi Fount School Mrs, J. C. Owens 4125 LaFayette 103 16-N North Hi Mount School Mrs, W. B. Renfro 3801 W. 7th Street 86 16-0 Fire Hall - Carleton & Mrs. P. F. YIddleton Camp Bowie 94 16-W Arlington Heights Ele- Mrs. Helen Billingsley mentary School 5100 EL Campo 17 17-N W. J. Turner School We, Rosa Maco 3000 N. W. 26th Street 122 17-3 Rosen Heights Presbyterian Mrs. J. E. Nelson Church - 2560 Dodge 51 18 Diamond Hill High School We, J. A. Stephenson 2901 Hutchinson 19 19-3 Perfecto Cleaners Mr. 0. E. Phelps 108 N. Riverside Drive 119 19—SW Bray & Bone Grocery Mrs. T. X. Cunningham 120 No. Riverside Drive 82 19-E Riverside Fire Hall Mrs. Ora McAdams 3211 E. Belknap 109 19-1..' Oakhurst School Mrs. R. E. Duke 2700 Yucca Street 101 19-N Amon G. Carter School Mrs. C. R. Albrecht 3301 Yucca Street PRECINCT WARD LOCATION JUDGE 124 19-NW Residence-2315 Goldenrod Dale White 66 20 Sycamore Heights Baptist Mrs. T. J. Stowers Church Sunday School Room 2800 Purington 11 21-E New Fire Hall - 3401 Ave. I Mrs. Sam J. Calloway 75 21-W Wm. James Junior High Mrs. lid L. Sorrels School -- 1101 Nsihville St. 74 22-W D. McRae School Mrs. 1. M. Knox 3318 Avenue M 98 22-E Chambers Drug Store Mrs. T. C. Clary 2201 Bishop 14 235E South Fort Worth School Mrs. 0. B. Rawlings 900 Fogg Street 107 23-NE Haughs Cafe Mrs. J. F. Tarlton 3760 Hemphill Street 85 23-W Rosemont School Mrs. D. A. Thornton 1600 Prince 76 24 U17 B. Clayton School Mr. Roscoe Smith i 1200 Park Place 50 25-W Washington Heights High Mrs. W. W. Farmer School - 3203 N. Houston 123 25-E Fostepco Heights School Mrs. J. G. Jarvis 901 E. 34th Street 91 26-11 bisak's Cafe:= Lake Worth Orville Beall 113 26-S Huffman's Camp - Lake Worth Mrs. W. E. Huffman 105 27-N Fire Hall - Meadowbrook Mrs. Mary Enperly and Oakland 88 27-S Sagamore Hill School Mrs. J. C. Reeves 791 Hughes 83 28) 126 32) Oaklawn School Mrs. Charlotte Pernell 104 32) 3224 Hardeman 118 29-W Ridglea Methodist Church Howard C. Brants Ridglea Addition 120 29-E Bob Whitels Feed Store Mrs. Jesse Hardin 5500 Camp Bowie 125 30 Trinity Baptist Church Mrs, 0. 0. Strather 99 31-W Fire Station - Handley Mrs. J. P. Parker 12 31-E