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HomeMy WebLinkAboutOrdinance 6995 CERTIFICATE FOR ORDINANCE AUTHORIZING THE ISSUANCE OF CERTIFICATES OF OBLIGATION THE STATE OF TEXAS COUNTY OF TARRANT CITY OF FORT WORTH We, the undersigned officers of said City, hereby certify as follows: 1. The City Council of said City convened in REGULAR MEETING ON THE 29TH DAY OF APRIL, 1974, at the City Hall, and the roll was called of the duly constituted officers and members of said City Council, to-wit: R. M. Stovall, Mayor Roy A. Bateman, City Secretary Joe Bruce Cunningham Leonard E. Briscoe Clif Overcash Pat Reece John J. O'Neill Henry A. Meadows Ted C. Peters Mrs. Margret Rimer and all of said persons were present, except the following absentees: thus constituting a quorum. Whereupon, among other business, the following was transacted at said Meeting: a written I ORDINANCE AUTHORIZING THE ISSUANCE OF CERTIFICATES OF OBLIGATION was duly introduced for the consideration of said City Council and read in full. It was then duly moved and seconded that said Ordinance be passed; and, after due discussion, said motion, carrying with it the passage of said Ordinance, prevailed and carried by the following vote: i, AYES: All members of said City Council shown present above voted "Aye". NOES: None. 2. That a true, full, and correct copy of the aforesaid Ordinance passed at the Meeting described in the above and fore- going paragraph is attached to and follows this Certificate; that said Ordinance has been duly recorded in said City Council's minutes of said Meeting; that the above and foregoing paragraph is a true, full, and correct excerpt from said City Council's minutes of said Meeting pertaining to the passage of said Ordi- nance; that the persons named in the above and foregoing para- graph are the duly chosen, qualified, and acting officers and members of said City Council as indicated therein; that each of the officers and members of said City Council was duly and suffi- ciently notified officially and personally, in advance, of the time, place, and purpose of the aforesaid Meeting, and that said Ordinance would be introduced and considered for passage at said Meeting, and each of said officers and members consented, in ad- vance, to the holding of said Meeting for such purpose; and that said Meeting was open to the public, and public notice of the time, place, and purpose of said meeting was given, all as re- quired by Vernon's Ann. Civ. St. Article 6252-17. 3. That the Mayor of said City has approved, and hereby approves, the aforesaid Ordinance; that the Mayor and the City Secretary of said City have duly signed said Ordinance; and that the Mayor and the City Secretary of said City hereby declare that their signing of this Certificate shall constitute the signing of the attached and following copy of said Ordinance for all pur- poses. Si NED AND SEALED the 29th day of 2�-pril 1974. City Secretary Mayor (SEAT,) ORDINANCE AUTHORIZING THE ISSUANCE OF CERTIFICATES OF OBLIGATION THE STATE OF TEXAS COUNTY OF TARRANT CITY OF FORT WORTH WHEREAS, the Certificates of Obligation authorized by this Ordinance are to be issued, sold and delivered pursuant to Vernon's Article 2368ao1; and WHEREAS, heretofore the City Council of said City adopted a resolution authorizing and directing the City Secretary to cause notice of its intention to issue the Certificates of Obligation herein authorized to be issued to be published in a newspaper as required by Section 8(b) of Vernon's Ann, Civ. St. art. 2368a.1; and WHEREAS, said notice was published as required by said Section 8(b) ; and WHEREAS, no petition, signed by 510 of the qualified electors of said City as permitted by said Section 8(b) pro- testing the issuance of such Certificates has been filed; BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: Section 1, That the City's Certificates of Obligation (hereinafter sometimes called "Certificates") are hereby author- ized to be issued in the aggregate principal amount of $1,200,000, for the purpose of paying contractual obligations to be incurred for the purchase of land, to-wit: Blocks 86 and 53 of City Addition of the City of Fort Worth, for the purpose of establishing a public transportation terminal for the City of Fort Worth, and for the payment of contractual is obligations for legal services in connection with the acquisi- tion of said land. Section 2. That said Certificates shall be desig- nated "CITY OF FORT WORTH CERTIFICATES OF OBLIGATION, SERIES 19740" Section 3. That said Certificates shall be dated May 1, 1974, shall be numbered consecutively from 1 through 240, shall be in the denomination of $5,000 each, aggregating $1,200,000, and shall mature on May 1, 1989. Said Certificates of Obligation may be redeemed prior to their scheduled maturity, at the option of said City, at the time, and in the manner provided in the Form of Certificate of Obligation set forth in this Ordinance. Section 4. That the Certificates shall bear interest at the rate of 5% per annum, evidenced by interest coupons which shall appertain to said Certificates, and which shall be payable in the manner provided and on the dates stated in the FORM OF CERTIFICATE set forth in this Ordinance, Section 5. That said Certificates and interest coupons shall be issued, shall be payable, may be redeemed prior to their scheduled maturity, shall have the characteris- tics, and shall be signed and executed (and said Certificates shall be sealed) , all as provided, and in the manner indicated, in the FORM OF CERTIFICATE set forth in this Ordinance. Section 6. That the form of said Certificates, in- cluding the form of Registration Certificate of the Comptroller of Public Accounts of the State of Texas to be printed and endorsed on each of said Certificates, and the form of the aforesaid interest coupons which shall appertain and be attached i initially to each of said Certificates, shall be, respectively, substantially as follows: FORM OF CERTIFICATE NO. $5,000 UNITED STATES OF AMERICA STATE OF TEXAS COUNTY OF TARRANT CITY OF FORT WORTH CERTIFICATE OF OBLIGATION SERIES 1974 ON MAY 1, 1989, THE CITY OF FORT WORTH, TARRANT COUNTY, TEXAS, promises to pay to bearer hereof the principal amount of FIVE THOUSAND DOLLARS ($5,000) , and to pay interest thereon, from the date hereof, at the rate of 5% per annum, evidenced by interest coupons payable on May 1, 1975, and annually thereafter on each May 1 while this Certificate of Obligation is outstanding. THE PRINCIPAL of this Certificate and the interest coupons appertaining hereto shall be payable to bearer, in law- ful money of the United States of America, without exchange or collection charges to the bearer, upon presentation and surrender of this Certificate or proper interest coupons at the following, which shall constitute and be defined as the "Paying Agent" for this Series of Certificates: THE FORT WORTH NATIONAL BANK, FORT WORTH, TEXAS. THIS CERTIFICATE is one of a Series dated as of May 1, 1974, authorized, issued and delivered in the principal amount of $1,200,000, for the purpose of paying contractual obligations to be incurred for the purchase of land, to-wit: (Blocks 86 and 53 of City Addition of the City of Fort Worth, for the purpose of establishing a public transportation terminal for ithe City of Fort Worth, and for the payment of contractual obligations for legal services in connection with the acquisi- !btion of said land. SAID CERTIFICATES OF OBLIGATION may be redeemed prior to their scheduled maturity, at the option of said City, in whole, or in part, at any time, for the principal amount thereof and accrued interest thereon to the date fixed for redemption. If said Certificates of Obligation are redeemed prior to maturity, at least ten days prior to the date fixed for redemption said City shall cause a written notice of such re- demption to be delivered to the Paying Agent specifying the date of redemption and the numbers of such Certificates of Obligation being redeemed. By the date fixed for any such redemption due provision shall be made with the Paying Agent for the payment of the principal amount of the Certificates of Obligation which are to be so redeemed and accrued interest thereon to the date fixed for redemption. If such written notice of redemption is I given and if due provision for such payment is made, all as provided above, the Certificates of Obligation which are to be so redeemed thereby automatically shall be redeemed prior to their scheduled maturity, and they shall not bear interest after the date fixed for redemption, and they shall not be regarded as being outstanding except for the purpose of being paid by the Paying Agent with the funds so provided for such payment. IT IS HEREBY CERTIFIED, RECITED AND COVENANTED that this Certificate has been duly and validly authorized, issued and delivered; that all acts, conditions and things required i or proper to be performed, exist and be done precedent to or in the authorization, issuance and delivery of this Certificate have been performed, existed and been done in accordance with law; that this Certificate is a general obligation of said City, issued on the full faith and credit thereof; and that annual ad valorem taxes sufficient to provide for the payment of the interest on and principal of this Certificate, as such interest comes due and such principal matures, have been levied and ordered to be levied against all taxable property in said City, and have been pledged irrevocably for such payment, within the limit prescribed by law, IN WITNESS WHEREOF, this Certificate and the interest coupons appertaining hereto have been signed with the facsimile signature of the Mayor of said City and countersigned with the facsimile signature of the City Secretary of said City, and said Certificate has been approved as to form and legality by the City Attorney, evidenced by his facsimile signature, and the official seal of said City has been duly impressed, or placed in facsimile, on this Certificate of Obligation. xxxxxxxxxxxxx Mayor, City of Fort Worth, COUNTERSIGNED: Texas xxxxxxxxxxxx City Secretary, City of Fort Worth, Texas APPROVED AS TO FORM AND LEGALITY: xxxxxxxxxxxxx City Attorney, City of Fort Worth, Texas (SEAL) FORM OF COMPTROLLER'S REGISTRATION CERTIFICATE I hereby certify that this Certificate of Obligation has been examined, certified as to validity, and approved by the Attorney General of the State of Texas, and that this Certificate of Obligation has been registered by the Comptroller of Public Accounts of the State of Texas, WITNESS my signature and seal this xxxxxxxxxxx Comptroller of Public Accounts of the State of Texas FORM OF INTEREST COUPON NO. $ ON MAY 1, 19_, THE CITY OF FORT WORTH, TARRANT COUNTY, TEXAS, promises to pay to bearer the amount shown on this interest coupon, in lawful money of the United States of America, without exchange or collection charges to the bearer, unless due provision has been made for the redemption prior to maturity of the Certificate of Obligation to which this interest coupon appertains, upon presentation and surrender of this interest coupon, at The Fort Worth National Bank, Fort Worth, Texas, said amount being interest coming due that day on the Certificate, bearing the number hereinafter desig- nated, of that issue of CITY OF FORT WORTH CERTIFICATES OF OBLIGATION, SERIES 1974, dated May 1, 1974. CERTIFICATE NO, xxxxxxxxxxxx xxxxxxxxxxxxx City Secretary, Mayor, City of Fort Worth, Texas City of Fort Worth, Texas Section 7. That a special "Interest and Sinking Fund" is hereby created solely for the benefit of said Certif- icates, and said Interest and Sinking Fund shall be established and maintained by said City at an official depository bank of said City, Said Interest and Sinking Fund shall be kept separate and apart from all other funds and accounts of said City, and shall be used only for paying the interest on and principal of said Certificates. All ad valorem taxes levied and collected for and on account of said Certificates shall be deposited, as collected, to the credit of said Interest and Sinking Fund. During each year while any of said Certif- icates or interest coupons appertaining thereto are out- standing and unpaid, the governing body of said City shall compute and ascertain a rate and amount of ad valorem tax which will be sufficient to raise and produce the money re- quired to pay the interest on said Certificates as such interest comes due, and to provide and maintain a sinking fund adequate to pay the principal of such Certificates as such principal matures (but never less than 21 of the original principal amount of said Certificates as a sinking fund each year) ; and said tax shall be based on the latest approved tax rolls of said City, with full allowance being made for tax i delinquencies and the cost of tax collection. Said rate and amount of ad valorem tax is hereby levied, and is hereby ordered to be levied, against all taxable property in said City for each year while any of said Certificates or interest coupons appertaining thereto are outstanding and unpaid; and said tax shall be assessed and collected each such year and deposited to the credit of the aforesaid Interest and Sinking Fund, Said ad valorem taxes sufficient to provide for the payment of the interest on and principal of said Certificates, as such interest comes due and such principal matures, are hereby pledged irrevocably for such payment, within the limit I ' prescribed by law, Section 8. That the Mayor of said City is hereby authorized to have control of said Certificates and all necessary records and proceedings pertaining to said Certif- icates pending their delivery and their investigation, examination and approval by the Attorney General of the State of Texas, and their registration by the Comptroller of Public Accounts of the State of Texas. Upon registration of said Certificates, said Comptroller of Public Accounts (or a deputy designated in writing to act for said Comptroller) shall manually sign the Comptroller's Registration Certificate printed and endorsed on each of said Certificates, and the seal of said Comptroller shall be impressed, or placed in facsimile, on each of said Certificates, Section 9, That the City covenants to and with the purchasers of the Certificates that it will make no use of the proceeds of the Certificates at any time throughout the term of this issue of Certificates which, if such use had been reasonably expected on the date of delivery of the Cer- tificates to and payment for the Certificates by the Purchasers, would have caused the Certificates to be arbitrage obligations within the meaning of Section 103(d) of the Internal Revenue Code of 1954, as amended, or any regulations or rulings per- taining thereto; and by this covenant the City is obligated to comply with the requirements of the aforesaid Section 103(d) and all applicable and pertinent Department of the Treasury regulations relating to arbitrage obligations, The City further covenants that the proceeds of the Certificates will not otherwise be used directly or indirectly so as to cause all or any part of the Certificates to be or become arbitrage obligations within the meaning of the aforesaid Section 103(d) , or any regulations or rulings pertaining thereto, Section 10, That it is hereby officially found and determined that a case of emergency or urgent public necessity exists which requires the holding of the meeting at which this Ordinance is passed, such emergency or urgent public necessity being that the proceeds from the sale of said Certificates are required as soon as possible and without delay for necessary and urgently needed public improvements; and that said meeting was open to the public, and public notice of the time, place and purpose of said meeting was given, all as required by Vernon's Ann. Civ. St. , art. 6252-17, as amended. Section 11, That said Certificates are hereby sold, and shall be delivered to The Fort Worth National Bank, Fort Worth, Texas, for cash for the par value thereof and accrued interest thereon to the date of delivery. Section 12. That this ordinance shall take effect and be in full force and effect from and after its passage, and it is so ordained. �ofthe City of Fort Worth, Texas 4ATTESTretary of the City of Fort Worth, Texas APPROVED AS TO FORM AND LEGALITY City At orney of the City of Fort Worth, Texas �¢s �� AP,61 R9IM4 LAW OFFICES M2 CALL,PARKHURST & HORTON 1400 MERCANTILE BANK BUILDING HOBBY H.MQCALL PAUL B.HORTON DALLAS,TEXAS 75201 JOHN O.MGGALL(I592-1962) MILLARD PARKHURST(1906-1973) ROBERT T.LEWIS PETER M.TART AREA CODE 214 748-9501 GLARENGE E.0 ROWE(1903-1962) ROY M.POINSETT RICHARD C.PORTER April 25 , 1974 Mr. Roy Bateman City Secretary 1000 Throckmorton Street Fort Worth, Texas 76102 CITY OF FORT WORTH CERTIFICATES OF OBLIGATION, SERIES 1974 , $1, 200, 000 Dear Roy: Enclosed herewith are the following: (1) Letters addressed to the Attorney General and Comptroller of Public Accounts. The letters should be signed by the officer indicated therein, but left undated. (2) Five copies of the TREASURER' S RECEIPT, which should be signed by the person, firm or corporation duly chosen and acting as Treasurer , but left undated. (3) Five copies of the SIGNATURE IDENTIFICATION AND NO- LITIGATION CERTIFICATE, which should be signed by the officers indicated therein, but left undated. The signatures on each copy of the CERTIFICATE should be verified by a bank official in the manner indicated therein, and the bank seal should be impressed on each such copy. (4) Five copies of the NO-ARBITRAGE CERTIFICATE, which should be signed by the officers indicated therein, but left undated. Attached to the CERTIFICATES is a letter addressed to this firm which should be signed and dated and returned with the CERTIFICATES to us. After execution as aforesaid , please return all copies of each of the enclosures to us and we will make proper dis- tribution of them at the proper time. Very truly yours, McCALL, PARKHURST & HORTON RTL:am BY : - enclosures cc: Mr. S. G. Johndroe Mr . Jack Wood �- LAW OFFICES M9 CALL,PARKHURST & HORTON 1400 MERCANTILE BANK BUILDING HOBBY H.MCCALL PAUL B.HORTON DALLAS,TEXAS 75201 JOHN D.MGCALL(1692-1962) ROBERT T.LEWIS MILLARD PARKHURST(1906-1973) PETER M.TART AREA CODE 214 748-9501 CLARENCE E.CROW E(1903-1962) ROY M.POINSETT RIC HARD C.PORTER April 9 , 1974 Mr. Roy Bateman City Secretary 1000 Throckmorton Fort Worth, Texas 76102 CITY OF FORT WORTH CERTIFICATES OF OBLIGATION, SERIES 1974 Dear Roy: In connection with the authorization of the captioned Certificates of Obligation it is necessary to publish Notice of Intention to Issue Certificates of Obligation once a week for two consecutive weeks , the date of the first publication to be at least fourteen days prior to the date tentatively set for passage of the ordinance authorizing such Certificates. Enclosed is a copy of the Notice to be handed to the newspaper with instructions to publish it in the evening edition on April 15th and April 22nd. The Certificates will be authorized by the City Council on April 29 , 1974. Please be sure that someone proofs the galley proof prior to publication as we will not have time to republish in the event of a mistake. The Council will authorize and direct this publication at its meeting on the morning of April 15 , 1974 and I am sending this Notice to you in advance so that the paper can have everything ready for it to be published that afternoon. We will forward resolutions and affidavits of publication (in connection with these please ask the paper to furnish you with five copies of the Notice as published) to you tomorrow for execution after action has been taken by the City Council. Mr. Roy Bateman -2- April 9, 1974 With kindest regards and best wishes, Very truly yours, McCALL, P T & HORTON BY: RTL:am enclosure cc: Mr. S. G. Johndroe, Jr. Mr. Jack Wood NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION NOTICE is hereby given that it is the intention of the City Council of the City of Fort Worth to issue the interest bearing certificates of obligation of the City entitled "City of Fort Worth Certificates of Obligation, Series 1974," for the purpose of paying contractual obliga- tions to be incurred for the purchase of land, to-wit: Blocks 86 and 53 of City Addition of the City of Fort Worth, for the purpose of establishing a public transportation terminal for the City of Fort Worth, and for the payment of contractual obligations for legal services in connection with the issuance of said Certificates of Obligation, The City Council tentatively proposes to authorize the issuance of said Certificates of Obligation at its regular meeting place in the City Hall at its meeting to commence at 9:30 o'clock, A.M. , on the 29th day of April, 1974. The maximum amount of Certificates of Obligation indebtedness that may be authorized for such purpose is $1,200,000.00. The City Council presently proposes to provide for payment of such certificates by the levy of taxes. --------------------- LAW OFFICES M5; CALL,PARKHURST & HORTON 1400 MERCANTILE BANK BUILDING HOBBY H.MQCALL PAULB.HORTON DALLAS,TEXAS 75201 JOHN O.MLCALL(1692-1962) ROBERT T.LEWIS MILLARO PARKHURST(1906-1973) PETER M.TART .AREA CODE 214748-9501 CLARENCE E.CROWE(1903-1962) ROY M.POINSETT RICHARO C.PORTER April 10, 1974 Mr. Roy Bateman City Secretary 1000 Throckmorton Fort Worth, Texas 76102 CITY OF FORT WORTH CERTIFICATES OF OBLIGATION, SERIES 1974, $1, 200,000 Dear Roy: I am enclosing five copies of each of the following: (1) Certificate and Resolution Directing Publication of Notice of Intention to Issue Certificates of Obligation; (2) Affidavit of Publication. After adoption of the Resolution, please have the Certif- icates and Resolutions executed as indicated, affixing the City ' s seal on each copy. Four copies should be returned to this office, and the fifth copy retained for the files of the City. After publication of the Notice, please attach a newspaper clipping of the Notice to each copy of the Affidavit of Publication, and have the Affidavit executed before a Notary Public. Four copies of this instrument should be returned to this office, and the fifth copy retained for your files. If you have any questions concerning these papers, please call me. Very truly yours, McCALL, PARKHURST & HORTON RTL:am BY: - 4 enclosures cc : Mr. S. G. Johndroe, Jr. =r Mr. Jack Wood F CERTIFICATE FOR RESOLUTION DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION THE STATE OF TEXAS COUNTY OF TARRANT CITY OF FORT WORTH We, the undersigned officers of said City, hereby certify as follows: 1. The City Council of said City convened in REGULAR MEETING ON THE 15TH DAY OF APRIL, 1974, at the City Hall, and the roll was called of the duly constitute officers and members of said City Council, to-wit: R. M. Stovall, Mayor Roy A. Bateman, City Secretary Joe Bruce Cunningham Leonard E. Briscoe Clif Overcash Pat Reece John J. O'Neill Henry A. Meadows Ted C. Peters Mrs. Margret Rimmer and all of said persons were present, except the following absentees: , thus constituting a quorum. Whereupon, among other business, the following was transacted at said Meeting: a written RESOLUTION DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION was duly introduced for the consideration of said City Council and read in full. It was then duly moved and seconded that said Resolution be adopted; and, after due discussion, said motion, carrying with it the adoption of said Resolution, prevailed and carried by the following vote: AYES: All members of said City Council shown present above voted "Aye." NOES: None. 2. That a true, full and correct copy of the aforesaid Resolution adopted at the Meeting described in the above and fora- going paragraph is attached to and follows this Certificate; that said Resolution has been,duly recorded in said City Council's minutes of said Meeting; that the above and foregoing paragraph is a true, full and correct excerpt from said City Council's minutes of said Meeting pertaining to the adoption of said Reso- lution; that the persons named in the above and foregoing para- graph are the duly chosen, qualified and acting officers and members of said City Council as indicated therein; that each of the officers and members of said City Council was duly and suf- ficiently notified officially and personally in advance of the time, place and purpose of the aforesaid Meeting, and that said Resolution would be introduced and considered for adoption at said Meeting, and each of said officers and members consented, ia advance, to the holding of said Meeting for such purpose; that said Meeting was open to the public, and public notice of the time, place and purpose of said Meeting was given, all as re- quired by Vernon's Ann. Civ. Stat. Article 6252-17. 3. That the Mayor of said City has approved, and hereby approves, the aforesaid Resolution; that the Mayor and the City Secretary of said City have duly signed said Resolution; and t the Mayor and the City Secretary of said City hereby declare th their signing of this Certificate shall constitute the signing of the attached and following copy of said Resolution for all purposes. SIGNED AND SEALED this 15th day of April, 1 ,74. City Secretary Mayor (CITY SEAL) S 5 RESOLUTION DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION THE STATE OF TEXAS COUNTY OF TARRANT CITY OF FORT WORTH WHEREAS, it is hereby officially found and determinedt that a case of emergency or urgent public necessity exists which requires the holding of the meeting at which this Resolution is adopted, such emergency or urgent public necessity being that the authorization of the proposed Certificates of Obligation is required as soon as possible and without delay for necessary and urgently needed public improvements; and that said meeting was open to the public, and public notice of the time, place and purpose of said meeting was given, all as required by Vernon's Anna Civ, St. art. 6252-17, as amended. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: 1, That attached hereto and marked "Exhibit A" is a form of notice, the form and substance of which are hereby adopted and approved. 2. That the City Secretary shall cause said notice to be published, in substantially the form attached hereto, in a newspaper, as defined in Chapter 84, Acts of the 43rd Legis- lature, First Called Session, 1933, as amended (Article 28a, Vernon's Texas Civil Statutes) , of general circulation in the City of Fort Worth, Texas, once a week for two consecutive week , the date of the first publication thereof to be at least fourte n days prior to the date tentatively set for the passage of the Ordinance Authorizing the Issuance of the Certificates of Obligation as described therein. 3. That this resolution shall take effect and be in force immediately upon and after its adoption. PASSED AND APPROVED this 15 f April, 1974. Mayor ATTEST City Secretary APPROVED AS TO FORM AND LEGALITY i y Attorney EXHIBIT A NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION NOTICE is hereby given that it is the intention of the City Council of the City of Fort Worth to issue the interest bearing certificates of obligation of the City entitled "City of Fort Worth Certificates of Obligation, Series 1974," for the purpose of paying contractual obliga- tions to be incurred for the purchase of land, to-wit: Blocks 86 and 53 of City Addition of the City of Fort Worth, for the purpose of establishing a public transportation terminal for the City of Fort Worth, and for the payment of contractual obligations for legal services in connection with the issuance of said Certificates of Obligation. The City Council tentatively proposes to authorize the issuance of said Certificates of Obligation at its regular meeting place in the City Hall at its meeting to commence at 9:30 o'clock, A.M. , on the 29th day'of April, 1974. The maximum 11 amount of Certificates of Obligation indebtedness that may be authorized for such purpose is $1,200,000.00. The City Council presently proposes to provide for payment of such certificates by the levy of taxes. --------------------- AFFIDAVIT OF PUBLICATION THE STATE OF TEXAS COUNTY OF TARRANT CITY OF FORT WORTH BEFORE ME, a notary public in and for the above named County, on this day personally appeared the person whose name is subscribed below, who, having been duly sworn, says upon oath that he or she is a duly authorized officer or employee of " ort worth Star-Telegr%%ich is a newspaper of general circulation in the City of Fort Worth, Texas, and said newspaper is a "newspaper" as defined in Article 28a, Vernon's Annotated Civil Statutes, as amended; and that a true and correct copy of the NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION, a clipping of which is attached to this Affidavit, was published i in said newspaper on the following dates: APRIL 15TH, 1974; APRIL 22ND, 1974, Authorized Officer or Employee SUBSCRIBED AND SWORN TO BEFORE ME on May 2 1974. Notary Public in and for Tarrant County, Texas (NOTARY PUBLIC SEAL) (My commission expires 6/1/75) NOTI�R nc INTENTION TUE CERTIFICATES OF OfbIOpp ATISYSON Notice Is hereby Owen that 1 is the tenticn of the City Cou ncii of the City of Fart Warfh t issue the inter-est bearinn certlficafc.s- f oblivater- nf iha City entitled 'C ifv of Ferri (ries'19 4,"fforathe nurooseaof ndVll�q �contractual nbllaafions to bo. In. Cnrred for the inurch.s2 of Iand.to It: Atorks Pt and 51 f Cites Addt- flan of the ON of Fort Worth,tnr }ra nsalrta tin ter mhnaslhlfor the City of Fort Wn rih,aad for the aayrtN nt of roniractual obli�atione far laoal services in connection ith th.isuf. ae f said CertificataS of Oblioa- tmtno. The ON Counril tentatively nrdoases to authorize the issuance off ssidta ertmeetino oolaceli iniipnea,Iits f e3Q o thtk.AMin he on the 9M tlav of Certitiaet6s N pbll0afiomn amount of tadab"d n�ss thrf qyY be apfMrUd for c'if�Gor la f1.�ppAo0.09. The (rornn ofepnily ryndposas fn •/n by MM 16 ofesuCh tertfn- LAW OFFICES ME- CALL,PARKHURST & HORTON 1400 MERCANTILE BANK BUILDING HOBBY H.MGCALL PAUL B.HORTON DALLAS,TEXAS 75201 JOHN D.MGCALL(1992-I9452) ROBERT T.LEWIS MILLARD PARKHURST(190C-1973) PETER M.TART ARIA COD!214 746-9501 CLARENCE E.CROWE(1903-I9B2) ROY M.POINSETT RICHARD C.PORTER April 25 , 1974 Mr, Roy Bateman City Secretary 1000 Throckmorton Street Fort Worth, Texas 76102 CITY OF FORT WORTH CERTIFICATES OF OBLIGATION, SERIES 1974 , $1,200,000 Dear Roy: In connection with the captioned Certificates I am enclosing five copies of each of the following: (1) Certificate and Ordinance Authorizing the Issuance of Certificates of Obligation; (2) General Certificate. Please attach a schedule of bonded indebtedness to each copy of the General Certificate. After passage of the Ordinance please have these instruments executed as indicated, and return four copies of each to this office. The fifth copy of each instrument is .for the files of the City. Very truly yours , MCCALLr'P IKHURST & HORTON BY: RTL:am enclosures cc: Mr. S. G. Johndroe Mr. Jack Wood I GENERAL CERTIFICATE THE STATE OF TEXAS COUNTY OF TARRANT CITY OF FORT WORTH We, the undersigned, hereby officially certify that we are the Mayor and City Secretary, respectively, of said City, and we further certify as follows: 1. That said City is a duly incorporated home rule city, having more than 5000 inhabitants, operating and existing under the Constitution and laws of the State of Texas and the duly adopted home rule charter of said City, which charter has not been changed or amended since the passage of the ordinance authorizing the issuance of the most recently dated, issued and outstanding bonds of said City shown on Exhibit A which is attached to this certificate, 2. That no litigation of any nature has ever been filed pertaining to, affecting, questioning or contesting: (a) the ordinance which authorized said City's Certificates of Obligation, Series 1974, dated May 1, 1974, in the prin- cipal amount of $1,200,000; (b) the issuance, execution, delivery, payment, security or validity of said Certificates; (c) the authority of the governing body and the officers of said City to issue, execute and deliver said Certificates; (d) the validity of the corporate existence of said City; (e) the current Tax Rolls of said City, or (f) the home rule charter of said City; and that no litigation is pending pertaining to, affecting, questioning or contesting the current boundaries of said City. 3, That attached to this certificate and marked "Exhibit A" is a true, full and correct schedule and state- ment of all presently outstanding tax indebtedness of the City of Fort Worth, 4. That the currently effective ad valorem Tax Rolls of said City are those for the year 1973, being the most recently approved Tax Rolls of said City; that said City has caused the taxable property in said City to be assessed as required by law; that the Board of Equalization of said City has equalized and approved the valuation of taxable property in said City for said year; that the Tax Assessor of said City has duly verified the aforesaid Tax Rolls, and said Board of Equalization has finally approved the same; and that the assessed value of taxable property in said City, and the aggregate amount of exemptions, if any, of assessed values of residence homesteads of persons sixty five years of age or older pursuant to Section 1-b(b) of Article VIII of the Texas Constitution, and the net effective taxable value of taxable property in said City, according to the aforesaid Tax Rolls for said year, as delivered to the City Secretary of said City, and finally approved and recorded by the governing body r I of said City, are as follows: Assessed Value: $1,631,446,440.00 Homestead Exemptions: 35,460,150.00 Taxable Value: $1,595,986,290.00 SIGNED AND SEALED the 29th_dar pril, 1974. 4 City Secretary Mayor (CITY SEAL) I T pity of Dort Worth, Texas QLMAM Mayor and Council Communication WOOD DATE REFERENCE SUBJECT: Certificates of Obligation - PAGE f NUMBER Downtown Transportation 4/29/74 G-2407 1O} 1 Terminal On April 15, 1974, the City Council authorized publication of "Notice of Intention to Issue Certificates of Obligation" for the purchase of Blocks 53 and 86, City Addition, for the site of the Downtown Public Transportation Terminal. The notice has been published for two consecutive weeks as provided by law, setting April 29, 1974, as the date for adoption of the ordinance authorizing issuance of the certificates. In accordance with the Notice of Intention, an ordinance has been prepared authorizing the issuance of the certificates in the amount of $1,200,000. Recommendation It is recommended that the City Council adopt the ordinance authorizing issuance of certificates of obligation for the purpose of paying contractual obligations to be incurred in the purchase of land for the Downtown Trans- portation Terminal, in the amount of $1,200,000. RNL:ms i SUBMITTED BY: DISPOSITION Y COUNCIL: PROCESSED BY APPROVED ❑ OTHER IDESCRIBE) /� ` CITY ECRETARY DATE CITY MANAGER