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HomeMy WebLinkAboutOrdinance 3313 ORDINANCE NO. �L1 AN ORDINANCE PROVIDING FOR THE APPROPRIATION OF SEVEN THOU- SAND, TWO HUNDRED EIGHTY-SIX AND 50/100 DOLLARS ($7,286.50) FOR THE PURPOSE OF PAYING THE FIRST SEMI ANNUAL INSTALLMT T OF INTEREST ON FOUR HUNDRED AND SEVENTY-FIVE THOUSAND DOL- LARS ($475,000.00) WORTH OF INCINERATOR BONDS, SERIES 88, AUTHORIMD TO BE ISSUED BY ORDINANCE NO. 3312, PASSED AND ADOPTED ON WEDNESDAY, THE 23RD DAY OF FEBRUARY, A. D. 1955• BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: SECTION 1. That the sum of Seven Thousand, Two Hundred Eighty-six and 50/10€ Dollars ($7,286.5 be appropriated out of the unappropriated balance in the General Fund of the City of Fort Worth to pay the first semi-annual installment of interest 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. 3312, on Wednesday, the 23rd clay of February, A. D. 1955, in the principal sum of Four Hundred and Seventy-five Thousand Dollars ($475,000.00) and be- ing designated as "Incinerator Bonds," Series 88. SECTION 2. 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. 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 FORM AND LEGALITY: V iii City Attorney of the City of Fort Worth, Texas