HomeMy WebLinkAboutOrdinance 3311 ORDINANCE NO.`
AN ORDINANCE PROVIDING FOR THE APPROPRIATION OF SIXTY FIVE
THOUSAND, NINE HUNDRED AND SIXTY-TWO DOLLARS ($65,962.00)
FOR THE PURPOSE OF PAYING THE FIRST SEMI-ANNUAL INS 1=
OF INTEREST ON FOUR MILLION,, THREE HUNDRED THOUSAND DOLLARS
($k,300,000-00) WOR OF STREET INIPROVEMENT BONDS, SERIES 84,
AUTHORIZED TO BE ISSUED BY ORDINANCE NO. 3310, PASSED AND
ADOPTED ON WEDNESDAY.,` TEE 23RD TRAY OF FEBRUARY, A. D. 1955.
BE IT ORDAINED BY TEE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS:
SECTION 1.
That the sum of Sixty-five Thousand,, Nine Hundred and Sixty-two Dol-
lars ($65,962.00) be appropriated out of the unappropriated balance in the
General Fund of the City of:Fort Worth to pay the first semi-annual install-
ment ofinterest to be 'due and payable on the first day of September, A. D.
1955, on negotiable coupon bonds of the City of Fort Worth, Texas, authorized
to be issued by the City Council of said City by Ordinance No. 3310, on
Wednesday, the 23rd day of February, A D. 1955, 'in the principal sum of
Four Million, Three Hundred Thousand Dollars ($4,300,000.00) and being desig-
nated
es g-nated as "Street Improvement Bonds," Series '84.
SECTION 2m
That the appropriation herein made shall be transferred and placed
in a separate fund and shall be devoted to the payment of the interest on
said bonds when said interest becomes due and payable, and shall not be used,
applied or diverted to any other purpose or object whatsoever.
SECTION 3. ti
That this ordinance shall be in full force and effect from and after
the date of its passage, and it is so ordained.
APPROVED AS TO FOM4' AND LEGALITY.*
City Attorney of the City of
Fort Worth, Texas