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HomeMy WebLinkAboutOrdinance 1098 r ORDINANCE NO. 1098. AN ORDINANCE PROVIDING FOR THE SUBMISSION TO THE RESIDENT QUALIFIED TAX PAYING VOTERS IN THE'CITY OF FORT WORTH, TECAS, PROPOSITIOT?S FOR THE ISSUANCE OF' NEGOTIABLE COUPON BONDS OF SAID CITY IN THE AGGREGATE SUM OF SEVEN, _.-MILLION SIX -TUNDRtD AND FIFTY'NINE (07,659,- 000.004) DOLLARS FOR THE PURPOSE OF IMPROVING AND EXTENDING THE PLATER AND SANITARY SEIJER SYSTEM; FOR CONSTRUCTION, IMPROVING, AND EX- TENDING STREETS, THOROUGHFARES, AND STORM S1E11- ERS; FOR BUILDING AN ADDITIONAL INCINERATOR AND PURCHASING THE SITE THEREFOR; FOR PURCHAS- ING AND ACQUIRING ADDITIONAL LANDS AND PROPER- TY FOR PARKS; FOR PURCHASING AND IMPROVING AD- DITIONAL PLAY GROUNDS, ATHLETIC FIELDS, AND OTHER RECREATION FACILITIES; FOR CONSTRUCTING AN ADDITION TO THE CITY-COUNTY HOSPITAL AND FOR CONSTRUCTING AND IMPROVING A NEW MAIN ARTERIAL THOROUGHFARE RUNNING NORTH AND SOUTH AND ALSO ONE EXTENDING EAST AND WEST THROUGH SAID CITY; SAID BONDS TO BE IN SUCH DENOIufINATION AS MAY BE DETERMINED BY THE CITY COUNCIL MATURING FROM FIVE TO FORTY YEARS FROM THE DATE THEREOF, BEAR- ING INTEREST FROM THE DATE THEREOF AT A. RATE NOT TO EXCEED FIVE PER CENT PER ANNUM, PAYABLE SEMI- ANNUALLY, EXPRESSED IN COUPON NOTES ATTACHED TO THE BONDS; CALLING AN ELECTION FOR THAT PURPOSE TO BE HELD IN THE CITY OF FORT WORTH, TEXAS, ON TUESDAY, THE 24TH DAY OF NOVEMBER, A. D. 1925. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH: SECTION ONE. That an election be held in the City of Fort Worth, Tex- as, on Tuesday, the 24th day of November, A. D. 1925, at the polling places hereinafter mentioned, between the hours of eight A. M. and seven P. M. at which election the following proposi- tions for the issuance of bonds for the City of Fort Worth shall be submitted to the resident qualified tax paying voters of said City therein; 1. Shall the City of Fort Worth, Texas, through its City Coun- oil, issue its negotiable coupon bonds, run,�ing from five (5) to fort;; (40) years in the principal sum of Three Million Three Hun- dred Thousand ($y3,300,000.00) Dollars for the purpose of improv- ing and extending the water and sanitary sewer systems of said City, the first of said bonds being payable at the expiration of five (5) years from the date thereof, and serially thereafter as n� may be determined by the said City Council, so that the last ma- turing bonds shall become payable within forty (40) years from the date thereof, bearing interest at a rate not to exceed five per cent (5%) per arnum from the date thereof, payable semi-annually, and levy a sufficient tax to pay the interest' on said bonds and create. a si_sik Lnti. ftlrcl nai d bonds at the ma- i�zkrlty•thei-eof. II. Shall the City of Fort Worth, through its City Council, iss- ue it's negotiable coupon bonds, running from five (5) to forty (40) years, in the principal sum of Two Million Two Hundred Thousand ($2,.200,000.00) Dollars., for the purpose of construct- ing, improving, and extending the streets, thoroughfares, and storm sewers of said City, including in such permanent improve- ments the widening, paving, grade separation, bridges, and a drainage, the first of said bonds being payable at the exp}ra� tion of five (5) years from the date thereof, and serially a4 thereafter as may be determined by the said City Council, so that the last maturing bonds shall become pa yable within forty (40) years from the date thereof, bearing interest at a rate not to exceed five per cent (50) per annum from the date thereof, payable semi-annually, and levy a sufficient tax to pay the in. terest on said bonds and create a sinking fund sufficient to re- deem said bonds at the maturity thereof. III. Shall the City of Fort Worth, through its City Council', is- sue its negotiable coupon bonds, running from ,five (5) to forty (40) years in the principal sum of Se'venty-One Thousand ($71,- 000.00) Dollars for the purpose of constructing, building and equipping an additional incinerator plant for the City of Fort Worth, Texas, and purchasing the necessary lands and site there- for, the first of said bonds being payable at the expiration of �4 five (5) years from the date thereof; and serially thereafter as may be determined by the said City Council, so that the last ma- turing bonds shall become payable within forty (40) years from the date thereof, bearing interest at a rate not to exceed five ,&3- per cent (50) per annum from the date thereof, payable semi-an- nually, and levy a sufficient taX to pay the interest on said r bonds and create a sinking fund sufficient to redeem said bonds at the maturity thereof. IV. Shall the City of Fort Worth, through its City Council, is- sue its negotiable coupon bonds, running from five (5) to forty (40) years, in the principal sum of Five Hundred Thousand ($500,- 000.00) Dollars, for the purpose of purchasing, acquiring, and improving lands and property for public parks in the City of Fort Worth, the first of said bonds being payable at the expiration of five (5) years from the date thereof, and serially thereafter as may be determined by the said City Council, so that the last " maturing bonds shall become payable within forty (40) years from the date thereof, bearing interest at a rate not to exceed five f per cent (5%) per annum from the date thereof, payable semi-annu- ally, and levy a sufficient tax to pay the interest on said bonds and create a sinking fund sufficient to redeem said bonds at the maturity thereof. V. Shall the City of Fort Worth, through its City Council, is- sue its negotiable coupon bonds, running from five (5) to forty (4�) years, in the principal sum of. 0ne Hundred and Seventy Thousand ($170,.000.00) Dollars, for the purpose of purchasing, acquiring, and improving play grounds, athletic fields, and oth- er recreation facilities of a permanent nature in said City, the first of said bonds being payable at the expiration of five (5) , years from the date thereof', and serially thereafter as may be determined by the said City Council, so. that the last maturing bonds shall become payable within forty (40) years from the date thereof, bearing interest at a rate not to exceed five per cent (5%) per annum from the date thereof, payable semi-annually, and levy a sufficient tax to pay the interest on said bonds and creme v" ate a sinking fund sufficient to redeem said bonds at the matu- rity thereof. VI. Shall the City of Fort Worth, through its City Council, is- sue itsi(negotiable coupon bonds, running from five (5) to forty ,4- (40) years, in the principal sum of Eighteen Thousand ($18,000.00 ) Dollars, for the purpose of constructing, building, and equipping an addition to the City-County Hospital in the City of Fort Worth, n Texas, the first of said bonds being payable at the expiration of 1 five (5) years from the date thereof, and serially thereafter as' may be determined by the said City Council, so that the last ma- turing bonds shall become payable within forty (40) years from the date thereof, bearing interest at a rate not to exceed five per cent (5%) per annum from the date thereof, payable semi-annually, and levy a sufficient tax. to pay the interest on said bonds and create a .sinking fund sufficient to redeem said bonds at the ma- turity thereof. VII. Shall the City of Fort Worth, through its City Council, is- sue its negotiable coupon bonds, running from five (5) tb forty years (40), in the principal sum of One Million Four Hundred Thou= sand ($1,400,000.00) Dollars, for the purpose of constructing, im- proving, and extending its system of streets and thoroughfares by constructing, improving, and extending a now main arterial street S and thoroughfare running north and south and a new main arterial ' street and thoroughfare extending east and west through said 4` City, including in such permanent improvements, grade separation, bridges, drainage, and the purchase of right of way, the first of said bonds being payable at the expiration of five (5) year's from the date thereof, and serially thereafter as may be deter- mi4ed by the said City Council, so that 'the last maturing bonds ' shall become payable within forty (40) years from the date there- of, bearing interest at a rate not t-o exceed five per cent (5�J per annum from the date thereof, payable semi-annually, and 1a•6y a sufficient tax to pay the interest on said bonds and create a sinking fund sufficient to redeem srAd bonds at the maturity thereof. SECTION TWO. Said election shall be held at the following places, with the following named persons appointed presiding judges at said election, to-wit: -5- 1st Ward FA.re Station W. A. ;;bey 2nd & Commerce 2nd Ward North Court House Basement Ed Provine 2nd Ward South C.of C. Bldg Basement C. T. McIntosh 5th & Throckmorton 3rd Ward East Fire Hall Mrs. Rose Chambers Hill Twining 3rd Ward. West Fire Hall 16th & Jones Lee Stubbs 4th Ward East Fire Hall R. C. Fuller Central Station 4th Ward West Rotary Park Bernard Renfro 7th & Summit 5th Ward East Garland+s Store R. F. Garland 1106 East Hattie 5th Ward West Mo. lve. M. E. Church H. R. Zimmerman 6th Ward East Sweet Mattress Factory D, G. Foreman 606 So. Main 6th Ward Central Fire Hall P. J. Conway Peter Smith & Fulton 6th Ward West Lucerne'Garage A. N. Evans 1408 W. Tucker A 7th Ward East Fire Station J. E. G4skill Now York & Maddox 7th Ward N.East Police Station 114. B. Collup 1101 Missouri Ave. 7th Ward S.East Worth Drug Store L. A. Turner 2300 Evanp 7th Ward South Private arage J. R. Black Rear of00 Marion 7th Ward S.West iwl"Pipe Laundry SAm Dennis 1825 May 7th Ward N.West Hager Fur. Co. J. P. Wear 1119 So. Main 8th Ward N.East Williams Grocery R. B. Shropshire 1000 W. Magnolia 8th Ward S.East Gaither's Drug Store F. Z. Gaither 1801 College Ave. Sth Ward N 34est Cyrus Drug Store C. S. Knott Magnolia & 6th Ave. 8th Ward S.West Sterretts Drug Store Ben J. Hines 2001 6th Ave. 9th Ward East Fire Hall Charlie Wells Peach St. 9th Ward West Court House Fas,•ment Stanley Hamlet loth Ward North Stewe.rts Drug Score Jno. Stewart 2425 Hemphill lOth Vlard Central Fire Hall J. N. Sliger 2800 Lipscomb loth Ward South Jo�inaon D^?ug Store A. J. Power 3101. Iiemp'11.11 -6- llth Ward East Fire Hall K. Robey 12th & N. Main llth Ward S.West Rafferty.-Drug Store W'. 0`. Bellamy 710 W. Central llth Ward N.West Park St. Grocery J. R. -Goff 905 Park St. 12'h Ward East Garage Mrs, Russell 100 E. Exchange Bobcock 12th Ward West M. E. Church Chas. M.-Billings 25th & Azle Ave. 13th Ward North Fire Fall R. A. Crosby 1500 B. Hattie 13th Ward Central Glenn Mattress Factory W. V, Jones 1914 Vickery Blvd. 13th Ward South Averetts Garage R. H, Dodd 1401 Richmond T.C.U., 14th Stanley's Cafe Milton Heath 3018 Gibson Brooklyn Hts. Hudson Grocery Matt Attwood 15th South Stove Foundry-'- Road Van Zandt Old School Bldg A. C. Coker 15th North 7th & Camp Bowie Blvd 1.1rlington Hts. W. B. LaCave, Cleaners H. E. nldrich 16th Ward East 4109 Camp Bowe Blvd. i,rlington Hts. Arlington Ht�, Pharmacy U. M. Lee 16th Ward West 4702 Bryce _s Rosen Hts. 17th Bakers Groce .. Emmett Curran .2800 Azle kvE Diamond Hill,18th Niles City H 1 W. W. V'a'hite Decatur Road Riverside, 19th N. Fire Hall P. H. Beckham Riverside, 19th S. Odd Fellows Ill Owen Brown . Sycamore Hts.,20th M. E.' Church Dalton Hooper 2600 Bomar. Polytechnic, Poindexter Pharmacy H. C. Witt 22nd South 2309 -Bishop Polytechnic Vacant Store C . Hightower 21st North 805 Nashville ' 4 Polytechnic Fire Station R. C . Murphy" ?.1st East , Vaughn St. Prairie Chappell Whitley Drug Store E. T. Jenkins 23rd East 4102 Hemphill Seminary Hill Seminary 'tore VV. W. Hughes 23rd West 4438 Frazer St. Mistletoe Hts,24th Mistletoe IIts. Pharmacy Ed Rutledge 2144 W. Rosedale Washington Hts.25 Hamilton :grocery W. P. Horner 312 N. Poaston Lake Worth, 26th Lacey's Lahe Side Inn J, B. Lacy NJ ne ,rl'ie ",-`d gi -7- Sagainore Hill,27th Methodist Church C. Vr. ,.tkinson Near Stop B,TJalias Int. 4 SECTION TN'RE'E. That said election shall be held under the provisions of the charter of the City of Fort Viorth, Texas, tho constitution and laws of said state in so far as same may be applicable and resident qualified property tax paying voters in said City shall_ be allowed to vote on said propositions. SECTION FQTP.. Each proposition for the issuance of said bonds shall be separately stated, so that the voters shall pass upon each is- Lue separately and apart from the others All voters who favor the proposition to issue the bonds for the purpose of improving and extending the water and sanitary sewer system of the City of Fort Lcrth, shall have written or printed upon their ballots, the words: "For the issuance of Water and Sanitary Sewer Bonds." '.nd those opposed shall have written or printed upon their ballots, the words: "Against the issuance of Water and Sanitary Sewer Bonds." All voters who favor the proposition to issue the Street Improvement Bonds shall have written or printed upon their bal- lots, the words: "For the issuance of Street Improvement Bonds." And those opposed shall have written or printed upon their ballots, the words: "Against the issuance o' Street Improvement Bonds." All voters who favor the proposition to issue the bonds to construct an additional incinerator plant in the City of Fort Worth, shall have written or printed upon their ballots, the words: "For the issuance of Iiicirerater Bonds.'` And those opposed shall-_ have writton or printed upon their ballots, the wordy: "..gainst the issuance of incinerator Bonds." ,%11 voters who favor the proposition to issue the bonds for the purpose of purchasing addit'-oral lands and otherwise -improving the parks in the City of Fort Worth shall have written or printed upon their ballots, the words: "For the issuance of Park Bonds." And those opposed shall have written or printed upon their ;allots the words: "Against the issuance of Park Bonds." All voters who favor the proposition to issue the bonds for the purpose of purchasing additional lands and otherwise improving the recreational facilities in the City of Fort Worth shall have written or printed upon their ballots, the words: "For the issuance of Recreation Bonds." i,nd those opposed shall have written or printed upon their ballots, the words: "Against the issuance of Recreation Bonds," All voters who favor the proposition to issue the bonds for the purpose of constructing an addition to the City-County Hos- pital in the City of Fort Worth shall have written or printed upon- their ballots, the words: "For the issuance of City-County Hospital Bonds." i.nd those opposed shall have written or printed upon their ballots, the words: "Against the issuance of City-County Hospital Bonds." All voters who favor the proposition to issue the bonds for the purpose of constructing a new main arterial thorough- fare running north and south and also one extending cast and west through said City, shall have written or printed upon their ballots, the words: "For the issta.ance of Main Arterial Thoroughfare Bonds." And those opposed shall have,written or printed upon their ballots, the words: "Against the issuance of Main Arterial Thoroughfare Bonds." SECTION FIVE. The way and manner of holdirxg this special election, the notice to be givctn therefor, the polling places, the personnel of the officers who are to he'd them same, and all dotails con- n^c+e,l with the holding of the cloction $',call be dcitermir_ed anCA a rF_nged by the City Council and proper 'toticc of.such matte_a shall be given in a proclamation by the mayoxr SECTION SIX. The Secretary-Treasurer is hereby ordered and directed to prepare proper ballots and stamp same "Official Ballot" on which ballots shall be printed all of the propositions as hereinbefore set forth. SECTION SEVEN. That all of said bonds shall be in such denomination as may be determined by the City Council and shall mature serially be- ginning at the expiration of five years and mature in the reg- ular order in which they are numbered; making the last bond ma- ture within forty (40) years from the date thereof and said bonds shall be sold at not less than par, and shall bear in- terest at a rate not to exceed five per cont (5%) per annum, payable semi-annually. SECTION EIGHT. That the Secretary-Treasurer shall furnish said ballots together with any other forms or blanks that may be necessary to hold said election, and the duly appointed judges shall hold said election and make the'•.r returns in accordance with the Charter of the City of Fort �,orth and the laws of the State of Texas insofar as same are applicable. Section Nine. A copy of this ordinance, signed by the mayor of the City of Fort Worth, Texas, and attested by the City Secretary-Treas- urer, shall scrvc; as a proper notice of said election. 7P'C'ON TETT. The Secretary-Troasurq- is hereby authorized ap_d directed to cause said notice of th.ei o lection to be poxted up at the -10- City Hall, and one in at least one polling place in o�-er- iarft �.n said City, at least ten full days prio,o to chc..da':e of sF.id clection. SECTION ELEVEN. The Sccretary-Treasurer is further authorized and directed to cause said notice of the election -to be published in some daily newspaper of general circulation daily for five days be- fare the date of said election 4nd the first publication of which shall be not less than ten days before the date an which such election is hold. SECTION TWELVE. The holding or adjudication of any section, portion, or pr.rt hereof to be invalid shall not affect the validity of any oCaor section, portion, or part of this ordinance but all such other sections, portions, and parts hereof shall bo and. remain •.-^:1 id. SECTION THIRTEEN. This ordinance shall take effect and be in full force and offect from and after date of its passage, and it is so ordained. CITY OF FORT WORTH, TM, ,S. !.hest: By H.C MEACHAM Mayor. I.L. VAN ZANDT JR. City Secretary-Treasurer. O.E. CARR. `City manager. R.E. ROUE R City Attorney. Lr .oho9 ORDINANCE No r Title 0 yj d,11 A fD h,0 ap t, �a 1P poi Date /1 A V(,1'►i Filed day of 192-6— 1A City Secretary