HomeMy WebLinkAboutOrdinance 758 O i D I N A N C h NO.;20 J.
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AN OhDI1ANCE providing for the payment of valid outstanding
indebtedness of the City of Fort Worth, created by the Fort wortn
city Water Works in current expenses to the amount of $44, 60. 32
and setting aside a portion of the anticipated revenues of the
Fort Worth city Water Works for that purpose.
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WHE.KEAS, under Bect '_on 14, Cnapter 8„ of the Special
Charter of the City of Fort Worth, passed Cy the 31st Legislature
of the State of Texas , approved MarchlUth, iJU�, the Board of
Commissioners of the City of tort Worth, are given full power and
authority over the financial affairs of the City, and to provide
for the collection of all revenue and other incomes, the auditing
and settling of accounts, and in the exercise of a sound discretion
to make appropriations for the payment of all liabilities and
expenses of the City ; and-
WHEhEAS, There are now outstanaing legal and binding
obligations of the City of Fort Worth , in the form of eight( 8)
promissory notes, eacn in tne sum of 45000.00 dates December 7tn,
1820, and numbered in the Auditors office of tne City of Fort Worth
from 201 to 208, both inclusive, all of said notes being dated
December 7th , 120, and the first of said notes being payable ten
months after date, and the other notes being payable consectively
as hereinafter set forth.
AND ALSO ONE NOTE NUMBERED 209, in the Auditors of Mice of the City
of Fort worth, of similar date, in the suer, of $4780.32 , all of said
notes being numbered and payable as follows;
NOTE DATED AMOUNT!' DUE
#201 Dec 7th , 1920 $5000.00 10 months after date.
202 " " " 5000.00 11 n n n
203 n " " 5000.00 12 "
204 H II " 5000.00 12 " "
205 II " ft 5000. 00 13 "
206 " " " 5000.00 13 "
207 " " " 5000.00 14 "
206 " " " 5000.00 14 "
209 " " " 4780.32 15 " "
All of :said notes having been issued by the Board of Com-
missioners of the City of Fort Worth on the 7th day of December
1920, said notes having been issued to Mobley & Delaney , in payment
for estimate number one , and final for construction of Sanitary
Sewer System in Cheltenham Addition to the City of Fort Worth, and
and making 24 inch main sewer connections , as shown by estimate
on file in the Auditors of _ice of the City of Fort Worth, and
WHEREAS, the Board of Commissioners have determined that
in order to provide funds for the payment of said notes, heretofore
issued for current expenses of the Fort worth City water works,
and in anticipation of revenues from said Water Works, which are
estimated to be sufficient to provide for all current expenses
and liabilities, in addition to the amount necessary to provide for
the payment of said notes, there shall be appropriated and set aside
from the said anticipated revenues, $9000.00 each month during
the months of April, May, June, July and August A.D . 1.21, for the
purpose of taking up, paying off and discharging the said notes
as they severally become due and payable, NOW THEREFOr._� :
BE IT ORDAINED BY THE BOARD OF COMMISSIONERS
OF THE CITY OF FORT WORTH: •
Secticn 1;- That to provide for the payment of the notes
set out in the preamble of this Ordinance as they severally and
serially mature , there shall be and there is hereby set aside,
out of the anticipated revenues from the income of the Fort Worth
city mater Works, which it is estimated will be sufficient to pro-
vide for operating expenses in addition to the amount necessary to
provide for the payments of said notes, the tum of $9000.00 per
month , beginning in the month of April A.D. 1921, and monthly there
after up to and including the month of August A.D. 1921.
Section 2. It shall be the duty of the City Auditor of the
City of Fort Worth , to set aside monthly, as the -same
accumulates, the said sum of 49000.00 per month, during the
months of April, May, June. July and August, 1921, into a
separate fund and distinct fund, to be used for the payments of the
said notes as hereinabove set out and for no other purpose.
Section 3.- This Ordinance shall take effect and be in force
from and after its passage.
I hereby certify that the above and foregoing Ordinance was
4,4
duly presented, passed and adopted by the Board. of Commissioners
of the City of Fort Worth, Texas, at a Regular Session of said
Board held February 22nd, A . D. 1)21.
James Liston, Jr. ,
City Secretary.
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