HomeMy WebLinkAboutOrdinance 1557 The City Council of the City of Fort forth met in
regular session in the Council Chamber at the City Hall
at nine-thirty o'clock a .rri, Viednesday, the 23rd day of
January., D. 19,210., and upon roll call the following were
present: Bryce, Mayor., Dr, R. Thompson., jr,ji Ilard
Burton., Van Zandt Jervis ., I'ani. Monnigp E. T. Renfro., John
N. :Sparks, A. E. Thomas., and J. R. Penn., Councilmen, con—
stituting the entire membersilip of said. board,, and I. L.
Va,u, Zandt., Jr . ., City Secretary-Treasurer, was in attend-
ance at said meeting, and the follo-vjing proceedings among
other things were had and done ;
Councilman Monnig seconded by Council-man
-Burton moved the adoption of the following
ordinance :
ORDINAIqCE 1110.
AN ORD114ANCE ?ROVIDI.NG FOR THE ISSUANCE OF
NEGOTIABLE COUPON BONDS OF TH._,-,�I GOVERIWLNT &' THE C; TY
OF FORT WORTH, MFM0UNT1VG TO T!Y�,' PRINCIEAL SUM OF ONE
HUND_Ri: D THOUSAND (4100,000.00) DOLLARS, IN ADDITION
20 T-1-11� SUI41 OF ONE DRE"I'l FIFTY THOUSAND (4150..000.00)
DOLLARS 11�ORTH OF SAID BONDS HERETOFORE ISSUED BY 1111 CITY
COUNCIL BY ORDIII'',,AjjCL3 .'JULY: ENACT1,D BY '_;'H.P� 'CITY CTUFCIL
PURSUANT TO VALID AUTHORITY VESTED IN ;AID GOVERNING BODY
BY A RIJGTUL-11R' AhD i'xRV`?ER_ EL�(CTIOIJ a.,L]D ON THE TIZ, TH DAY OF
JANUARY.. A . D. OUT OF AN AUrf,'HORI�ED ISSUE OF TI EE
-1
HUNDRED FIFTY ThOUSAND (Ii�350.,000.00) DOL:,,ARr,
Sp EID B_L1IT_G
V
KIIW,'N AS SERIES EO . 55, _,ND DESIGNAT]ED �S "LAKE Vi,*ORTH
BRIDGE BONDS" y TO BIL !S311EED F(R THE P-URPOSE OF L[AKIEG
PERI'�,,'ANENT- IP,,PROVk�i,!L.NTS BY 00N,3T11',U0TIivG �� ND BUILDI,1,,-,'G.1 A
BRIDGE' AC,1�083 LP Kx,' '�- ORTH IN SAID CIT-Yf_ IN TIIE VIGINITY
OF ',,(,'HAT IS COKIYONLY KNOT AS THE "NINE MIM BRIDGE" ;
EACH OF SAID 3QTD'3 TO .31, IN TI"IE 1.:L;NOIkINATIO'L4' OF ONE
($1000.00) DOLLARS EACH, TO BE DATED MARCH 1, 19290
Mt,,TUR IEG FI OT, FIVE (5) TO FORTY (40) YEARS FR OI,! THE
DATE TB-Lv�REOF,, AND TO BEAR INTEREST AT TH-0-1 RATE OF FOUR
AND ONE-FO.,RTH (4�) PER CENT PER AVNUM0 PlaYABLE SEMI-
T _FR___'SSED IN COUPON NOTES
ANNU!,LLY 0 THE INTEREST TO BE EX hi
ATTACHED To THE 13014D.3', DI:R1_jCTI1iG THAT THE SAID 1130101S BE
E,�CUTLD BY THE MAYOR AND CITY SECRETARY TRLASURER; AND
ITE TA-Ir LEVY FOR ��*11: 1-�AYkENT OF
FR OV M 11G FOR AN AD_1-1%�Ul', AL I AL I
TFIL INTERh33T ON SAID BONDS AND TO CREATE A SINKING FUND
FOR TILL PAYMENT OF TILIs PRINCIPAL TIR�'R,_XFj AS THI-1 Si IE
MATURES FROM TIME TO TIi ,; AND PROVILII14G THAT THIS OR-
DINANCE SHALL M IN FORGE A114D hLFYL-V*'T FROlv;' AND AFTER THE
DATE OF ITS fASSAGE.
WBEREASo on thB 6th day of December, A. D. 19270
para gat to the authority vested in said City by Section
19 of Chapter AXV of the Charter of the Oity of Fort Worth..
adopted by the qualified voters within the limits of said
City on the llth day of December, A. D. 1924, and the laws and
Constitution of the Kate of Texas. Ahe City Council of the,
City of Fort Worth, Texas, by A resolution ard an ordinance
of that date, directed the submission to the resident pro-
porty taxpaying qualified voters of said City, at an elec-
tion to be beld in said Oity on the 10th day of Tannary,
A. 1928, of the right, p6wer and authority of the City
Council of said City to issue negotiable coupon bonds of
tbo corporate government of the Mid City in the principal
sum of Three Hundred Fifty 7housand 4350,000 Dollars,
for t'he, purpose of making permanent improvements in said
City by constructing and building a bridge across Lake Worth
in said Oity in the vioinity of what is commonly known as
the "Nine Mile Bridge"; and
OHEREAS, in conformity with the said resolution and
ordinance, the Mayor of said City did make proolamation of
said election, and fixed the date thereof for the 10th day
of January, A. D. 1928; and
PAIR AS, said election order and proclamation thereof
was prepared and publisbod in the manner and for the time
prescribed in said resolution and ordinance; and
tjhREAG, on the 10th day of January, A. D. 1928.,
said election was hold in the City of Fort Worth at the
respective polling places designated in the election order,
at which said election the issuance of said bonds was sub-
mitted as a proposition to the taxpaying qualified voters
of said City; and
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