HomeMy WebLinkAboutOrdinance 1895 ORDINANCE NO.J f
AN ORDINANCE AMENDING SECTION I OF ORDINANCE NO. 1893
PASSED ON TEE 24TH DAY OF JANUARY, A. D. 1936, BY
ADDING TO THE SECOND PARAGRAPH IN THE BOND FORM THE
FOLLOWING WORDS: "PURSUANT TO AN ELECTION DULY CALLED
AND HELD AT WHICH ONLY gUALIFIED ELECTORS WHO OWNED
TAYART,Ii: PROPERTY IN THE CITY AND WHO HAD DULY RENDERED
THE SAME FOR TAXATION WERE PMWTTED TO VOTE."
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH,
TEXAS:
SECTION I.
That Section I of Ordinance No. 1893, passed at a recessed meeting
of the City Council of the City of Fort Worth, Texas, on Friday, the 24th
day of January, A. D. 1936, be and the same are hereby amended, and after being
so amended shall read as follows:
"SECTION I.
That pursuant to Section 19 of Chapter = of the Charter of
the City of Fort forth, adopted by the qualified voters within the
corporate limits of said City on the llth flay of December, A. D. 1924,
and the laws and Constitution of the State of Texas, and pursuant to
a vote of the qualified electors of the City of Fort Worth, who own
taxable property in the City of Fort worth, Texas, and who have duly
rendered the same for taxation, at an election held in said City for
such purpose on the 3rd day of September, A. D. 1935, that the munioi-
pal government of the City of Fort Worth issue its corporate negotiable
coupon bonds in the principal sum of Six Hundred Eighty-seven Thousand,
Five Hundred Dollars ($687,500.00), which bonds were authorized to be
issued at a proper election held on the 3rd day of September, A. D. 1935,
and which bonds are known as Series 62 and designated as "Pleasure Grounds,
Parks and Playgrounds Bonds," and the bonds so to be issued shall be in
the following denominations: One bond in the sum of Five Hundred Dollars
($500.00), and the remaining bonds to be in the denomination of One
Thousand Dollars ($1,000.00) each, dated January 1, 1936, bearing interest
at the rate of three and one-half per cent (3-1/2%) per aunum, payable
semi-annually on the first day of July and Tamnary of eaeb. year respective-
ly, both principal and interest of said bonds being payable at the Central
Hanover Bank and Trust Company in the City of New York, State of New
York, the semi-annual interest being evidenced by interest coupons
attached thereto, all of said bonds to be executed for and on behalf
of the City of Fort Worth by the Mayor thereof, attested by its City
Secretary, with the seal of the City thereon duly impressed, but the
interest coupons to be executed with the lithographed facsimile signa-
ture of the Mayor and City Secretary of the City of Fort Worth, each
of said bonds and coupons shall be negotiable and payable to bearer,
and said bonds shall be numbered in the way and manner hereinafter
set out, maturing in numerical order three (3) years from the date
thereof, and annually thereafter until the last maturing bond shall
become payable within thirty (30) years from the date thereof, and
the bonds themselves, six hundred eighty-eight (808) in number, shall
be numbered consecutively from one (1) to six hundred eighty-eight
(688), inclusive, and shall mature in the amount and manner herein-
after set out; said bonds shall be used for the purpose of making
permanent improvements by constructing, building, equipping and im-
proving pleasure grounds, parks and playgrounds for the City of Fort
Worth, and for securing and acquiring the necessary lands and sites
therefor.
That the general form of said bonds and the coupons thereto
annexed and the interest added to said bonds shall be executed sub-
stantially in the following form:
No* UNITED STATES �
OF ATE M
STATE OF TEMS, COUNTY OF TARRANT
SERIES 62
CITY OF FORT WORTH
---0000000---
Pleasure Grounds, Parks and Playgrounds Bond of the City of Fort Worth
issued for the purpose of constructing, building, equipping and
improving pleasure grounds, parks and playgrounds for
the City of Fort Worth, and for securing and
acquiring the necessary lands and
sites therefor.
KNOW ALL MM BY THESE PRESENTS:
That the government of the City of Fort Worth, a municipal
corporation, duly created under the laws of the State of Texas, hereby
acknowledges itself to owe, and for value received promises to pay to
bearer,
DOLLARS ($ )
in lawful money of the United States of America, on the first day of
January, A. D. 19 , together with interest thereon at the rate of
three and one-half per oentum (3-1/2%) per annum, payable semi-annually
on the first day of July and January in each year, on presentation and
surrender of the annexed interest coupons, as they severally fall due.
Both the principal and interest of this bond are payable at the office
of the Central Hanover Bank and Trust Company, in New York City, N. Y.,
and for the due and punctual payment of this bond at the maturity
thereof, and the interest thereon, when it falls due, the full faith,
credit and resources of the City of Fort Worth are hereby irrevocably
pledged.
This bond is one of a series of six hundred eighty-eight (888)
bonds numbered consecutively from one (1) to six hundred eighty.-eight
(688), inclusive, of the following denominations: One bond in the sum
of Five Hundred Dollars ($500.00), and the remaining bonds to be in the
denomination of One Thousand Dollars ($1,000.00) each; amounting in
the aggregate to the sum of Six Hundred Eighty-seven Thousand, Five
Hundred Dollars (#887,500.00), issued for the purpose of construct-
ing, building, equipping and improving pleasure grounds, parks and
playgrounds for the City of Fort Worth, and for securing and aoquir-
ing the necessary lands and sites therefor, under and by virtue of
the Constitution and laws of the State of Texas, the Charter of the
City of Fort Worth, and an ordinance lawfully passed and adopted by
the City Council of the City of Fort Worth, pursuant to an election
duly called and held at which only qualified electors who owned tax-
able property in the City and who had duly rendered the same for taxa-
tion were permitted to vote.
It is hereby further expressly represented, recited and
covenanted by the government of the City of Fort Worth, to and with
each and every holder of said bonds or any one of them, that all acts,
conditions and things required by the laws of the State of Texas, and
of the Charter and Ordinances of the City of Fort Worth, precedent to
and in the issuance of this bond, have been done, have happened, and
have been performed in proper and lawful time, form and manner as
prescribed by law, so as to make this bond a legal, binding and valid
obligation of the City of Fort Worth, and that provision has been made
for the levy and collection of a direct annual tax on all taxable prop-
erty in the City of Fort Worth, and that such tax has been levied in a
sufficient amount for the payment of the principal and interest of this
bond at the respective maturity dates thereof, and that the total
indebtedness of said City, including this bond and the issue of which
it is a component part, does not exceed any constitutional or statutory
limitation.
IN TESTIMONY WHEREOF, the City of Fort Worth, in the State of
Texas, has executed this bond by causing it to be signed by its Mayor
and attested by the City Secretary, with the seal of the City thereunto
duly impressed, and has caused the annexed interest coupons to be
executed with the facsimile signature of the Mayor and City Secretary,
and dated as the first day of Tamusry, A. D. 1936.
CITY OF FORT WORM, TEXAS
D�
ATMOST:
ity e�eSarr
(FORM OF COUPON NOTE)
No'-,..�
The City of Fort Worth, in the State of Texas, promises to
pay to Bearer 3 ), on the let day of
,19 at the Central Hanover Bank and Trust
Company in the City of New York, N. Y., for interest due that day on
its Pleasure Grounds, parks and Playgrounds Bond, Series 62, dated
Jamaary 1, 1936, and numbered
CITY OF FORT WORTH, TE'=
Nflyor
ATTEST:
6117 viarouiy
(CERTIFICATE OF CObMMM)
OFFICE OF COMPTROLLER,
STATE OF TEXB.S.
I hereby certify that there is on file and of record in my
office, a certificate of the Attorney General of the State of Texas, to
the effect that this bond has been examined by him as required by law,
and that he finds it has been issued in conformity with the Constitution
and laws of the State of Texas, and that it is .a valid and binding
obligation upon said City of Fort Worth, Texas, and said bond has this
day been registered by ma.
WITNESS my hand and seal of office at Austin, Texas, this the
day of , A. D. 1936.
Comptroller of Public Accounts of
the State of Texas.
SECTION II.
This ordinance is hereby declared to be cumulative of all other
ordinances of the City of Fort Worth with reference to the issuance of its
negotiable coupon bonds, exoept to the extent that the same are in conflict
with the provisions of this ordinance.
SECTION III.
This ordinance shall take effect and be in force from and aftsn
the date of its passage and it is so ordained.
Mayor of the City of Fort Worth,
Texas.
ATTEST:
City Secretary of the City of
Fort Worth, Texas.
APPROVED AS TO FORM AND LEGALITY:
City Attorney of the City of
Fort Worth, Texas.
ORDINANCE
No.-afcr
Tine
Date
Filed day of
19 —
City Secretary