HomeMy WebLinkAboutOrdinance 3776 ORDINANCE N0. 3776
AN ORDINANCE PROVIDING FOR THE APPROPRIATION OF FORTY-ONE
THOUSAND, FIVE HUNDRED EIGHTY-EIGHT AND 75/100 DOLLARS
($41,588.75) FOR THE PURPOSE OF PAYING THE FIRST SEMI-ANNUAL
INSTALLMENT OF INTEREST ON TWO MILLION, FOUR HUNDRED AND
TWENTY-FIVE THOUSAND DOLLARS ($2,425,000.00) NORTH OF STREET
IMPROVEMENT BONDS, SERIES 84, AUTHORIZED TO BE ISSUED BY ORDI-
NANCE NO. 3775, PASSED AND ADOPTED ON FRIDAY, THE 28TH DAY OF
FEBRUARY, A. D. 1958.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS:
SECTION 1.
That the sum of Forty-one Thousand, Five Hundred Eighty-eight and
75/100 Dollars ($41,588.75) be appropriated out of the unappropriated bal-
ance 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. 1958, on negotiable coupon bonds of the City of Fort Worth,
Texas, authorized to be issued by the City Council of said City by Ordi-
nance No. 3775, on Friday, the 28th day of February, A. D. 1958, in the
principal sum of Two Million, Four Hundred and Twenty-five Thousand Dollars
($2,425,000.00) and being designated as "Street Improvement Bonds," Series
84.
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:
City Attorney of the ity of
Fort Worth, Texas