HomeMy WebLinkAboutOrdinance 795 wo ,
Al ORDINUCE ¢
setting aside a portion of the tax levy for the Park Department of the
City of Fort Worth, for the years 1921, 1922 and 1923 to pay for improve-
ments of streets abutting on Marine Park.
BE IT ORDAINED BY THE BOARD OF COMMISSIONERS, of the City of Fort Worth, Texas,
THAT, hwereas, on the 8th day of February 1921, the Board of Commissioners
of the City of Fort Worth directed the improvement of Ellis Avenue between
Central Avenue and Exchange Avenue by paving etc., :and
WHEREAS, on the 12thjdav of March 1921, the said City of Fort Worth did enter
into a contract with the Texas Bitulithic Company for the construction of
said improvement and paving on said streets, and WHEREAS, on the 9th day of
August 1921, the said city through its Board of Commissioners did levy en
assessment against the Fort Worth Park Department for paving said streets
in front of Marine Park, fronting(100) feet on said Ellis Avenue amounting
to $1124.33, and fronting (440) feet on said Ellie Avenue amounting to
$5145.62, and interest not to exceed eight per cent from date of completion
and acceptance of said improvement, and
WHEREAS, the Board of Park Commissioners has requested the Board of Commis-
sioners of the City of Fort Worth, Texas to set aside a portion of the tax
levy for said Park Department of the City of Fort Worth for the years 1921,
1922 and 1923 for the purpose of paying and defraying the cost of the im-
provement as assessed against the Fort Worth Park Department of the City of
Fort Worth.
NOW THEREFORE, be it further ordained by the said Board of Commissioners
of the City of Fort Worth, as follows; to-wit, that one-fifth (115) cent
on each one hundred dollars of the tax levy for the year 1921, one-fifth
(1/5) of one cent on each one hundred dollars of the tax levy for the year
1922 and one-fifth (115) of one cent on each one hundred dollars of the tax
levy for the year 1923 out of the tax levy for the Park Department of the
City of Fort Worth for the several years aforesaid, be set aside and applied
to the payment of the assessment made against said Park Board of the City
of Fort Worth.
That out of the above sums so set aside for payment for the im-
provement and paving of said streets in front of Marine Park, there
shall be paid to said Texas Bitulithic Company on the 15th day of
October 1921,the sum of ($2100.00) and all accrued interest, and on
the 15th day of October 1922, the sum of ($2100.00) and all accrued
interest, and on the 15th day of October 1923 all of the remaining
amount of principal, and accrued interest;all sums bearing eight
per cent per annum interest, from date of acceptance of said improve-
ment and paving by the said Board of Commissioners, provided that the
right is reserved to the city to pay any of said sums before maturity
at its option out of any funds which may be rvr-ilgble.
That the accounts hereby set aside for the purposes herein stated
shall constitue a special and sacred fund for the purpose of paying
for said pavement, and shall be appropriated for no other purpose.
That this ordinance shall take effect from and after its passage.