HomeMy WebLinkAboutOrdinance 4468 ORDINANCE NO. W8 OFFICIAL RECORD
AN ORDINANCE PROVIDING FOR THE ISSUANCE OF NEGOTIABLE CITY SECRETARY
COUPON BONDS OF THE GOVERNMENT OF THE CITY OF FORT WORTH,
TEXAS, AMOUNTING TO THE PRINCIPAL SUM OF ONE HUNDRED THOU- FT. WORTH, TEX.
SAND DOLLARS ($100,000.00), OUT OF AN AUTHORIZED ISSUE OF
FOUR HUNDRED THOUSAND DOLLARS ($400,000.00) WORTH OF SAID
BONDS, AND BEING KNOWN AS SERIES 98 AND DESIGNATED AS 19FIRE
PROTECTION BONDS," TO BE ISSUED FOR THE PURPOSE OF MAKING
PERMANENT CITY IMPROVEMENTS BY CONSTRUCTING, BUILDING AND
EQUIPPING FIRE STATIONS AND IMPROVING AND EXTENDING THE CITY
FIRE ALARM SYSTEM, AND ACQUIRING THE NECESSARY LANDS THERE-
FOR, EACH OF SAID BONDS TO BE IN THE DENOMINATION OF ONE
THOUSAND DOLLARS ($1,000.00), TO BE DATED JUNE 1, 1961,
MATURING FROM FIVE (5) TO TWENTY-FIVE (25) YEARS FROM THE
DATE THEREOF, THE FIRST FIFTEEN THOUSAND DOLLARS ($15,000.00)
WORTH OF SAID BONDS TO BEAR INTEREST AT THE RATE OF FIVE
PER CENT (5%) PER ANNUM, THE NEXT F=-FIVE THOUSAND DOL-
LARS ($55,000.00) WORTH OF SAID BONDS TO BEAR INTEREST AT
THE RATE OF THREE AND ONE-HALF PER CENT (3-1/2%) PER ANNUM,
THE NEXT TWENTY-FIVE THOUSAND DOLLARS ($25,000.00) WORTH OF
SAID BONDS TO BEAR INTEREST AT THE RATE OF THREE AND SIXTY-
HUNDREDTHS PER CENT (3.6o%) PER ANNUM, AND THE NEXT FIVE
THOUSAND DOLLARS ($5,000.00) WORTH OF SAID BONDS TO BEAR
INTEREST AT THE RATE OF ONE-QUARTER OF ONE PER CENT (1/4 of
1%,) PER ANNUM, SAID INTEREST BEING PAYABLE SEMI-ANNUALLY,
THE INTEREST TO BE EXPRESSED IN COUPON NOTES ATTACHED TO
THE BONDS; DIRECTING THAT THE SAID BONDS BE EXECUTED BY THE
FACSIMILE SIGNATURE OF THE MAYOR, APPROVED AS TO FORM AND
LEGALITY BY THE FACSIMILE SIGNATURE OF THE CITY ATTORNEY,
AND ATTESTED MANUALLY BY THE CITY SECRETARY; PROVIDING FOR
AN ADEQUATE TAX LEVY FOR THE PAYMENT OF THE INTEREST ON
SAID BONDS AND TO CREATE A SINKING FUND FOR THE PAYMENT OF
THE PRINCIPAL THEREOF AS THE SAME MATURES FROM TIME TO TIME;
AND PROVIDING THAT THIS ORDINANCE SHALL BE IN FORCE AND EF-
FECT FROM AND AFTER THE DATE OF ITS PASSAGE.
WHEREAS, on the 24th day of October, A. D. 1958, pursuant to the au-
thority vested in said City by Section 19 of Chapter XXV of the Charter of
the City of Fort Worth, adopted by the qualified voters within the limits
of said City on the llth day of December, A. D. 1924, and the laws and Con-
stitution of the State of Texas, the City Council of the City of Fort Worth,
Texas, by an ordinance of that date, directed the submission to the quali-
fied electors who own taxable property in the City of Fort Worth, Texas,
and who have duly rendered the same for taxation, at an election to be held
in said City on the 18th day of November, A. D. 1958, of the right, power
and authority of the City Council of the City of Fort Worth, Texas, to is-
sue negotiable coupon bonds of the corporate government of said City in the
principal sum of Four Hundred Thousand Dollars ($400,000.00) for the pur-
pose of making permanent city improvements by constructing, building and
equipping fire stations and improving and extending the city fire alarm
system, and acquiring the necessary lands therefor for said City; and,
WHEREAS, in conformity with said ordinance, the Mayor Pro Tem of
said City did make proclamation of said election and fixed the date there-
of for the 18th day of November, A. D. 1958; and,
WHEREAS, said election order and proclamation thereof were prepared
and published in the manner and for the time prescribed in said ordinance;
and,
WHEREAS, on the 18th day of November, A. D. 1958, said election was
held in the City of Fort Worth, Texas, at the respective polling places
designated in the election order, at which said election the issuance of
said bonds was submitted as a proposition to the qualified electors of
said City who own taxable property in the City of Fort Worth, Texas, and
who have duly rendered the same for taxation; and,
WHEREAS, the official ballot on said occasion, in conformity with
the ordinance of the City Council hereinabove mentioned and in accordance
with the order of said election, in form and in substance reads as follows:
OFFICIAL BALLOT
I.
Shall the City of Fort Worth, Texas, through its City Coun-
cil, issue its negotiable coupon bonds in the principal sum of
Four Hundred Thousand Dollars ($400,000.00) for the purpose of
making permanent city improvements by constructing, building
and equipping fire stations and improving and extending the
city fire alarm system, and acquiring the necessary lands there-
for, said bonds being payable serially as may be determined by
the 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 suffi-
cient tax to pay the interest on said bonds and create a sink-
ing fund sufficient to redeem said bands at the maturity thereof?
FOR the Issuance of $400,000.00 Fire Protection Bonds.
AGAINST the Issuance of $400,000.00 Fire Protection Bonds.
II.
Shall the City of Fort Worth, Texas, through its City Coun-
cil, issue its negotiable coupon bonds in the principal sum of
One Million, Five Hundred and Fifty Thousand Dollars ($1,550,-
000.00) for the purpose of making permanent city improvements
by constructing, building and equipping additional incinerators
for said City and acquiring the necessary lands therefor, said
bonds being payable serially as may be determined by the 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 create a sinking fund
sufficient to redeem said bonds at the maturity thereof?
FOR the Issuance of $1,550,000.00 Incinerator Bonds.
AGAINST the Issuance of $1,550,000.00 Incinerator Bonds.
III.
Shall the City of Fort Worth, Texas, through its City Coun-
cil, issue its negotiable coupon bonds in the principal sum of
One Million, Five Hundred and Fifty Thousand Dollars ($1,550,-
000.00) for the purpose of making permanent city improvements
by constructing and building improvements to the City Hall, said
bonds being payable serially as may be determined by the 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 create a sinking fund suf-
ficient to redeem said bonds at the maturity thereof?
FOR the Issuance of $1,550,000.00 City Hall Improvement
Bonds.
AGAINST the Issuance of $1,550,000.00 City Hall Improvement
Bonds.
IV.
Shall the City of Fort Worth, Texas, through its City Coun-
cil, issue its negotiable coupon bonds in the principal sum of
Twenty-two Million, Eight Hundred and Seventy-five Thousand
Dollars ($22,875,000.00) for the purpose-of making permanent
city improvements by constructing, improving and extending the
streets, thoroughfares and storm sewers of said City, including
in such permanent public improvements the straightening, widen-
ing, paving, grade separation, lighting and drainage of said
streets and thoroughfares, and acquiring the necessary lands
therefor, said bonds being payable serially as may be determined
by the City Council, so that the last maturing bonds shall be-
come payable within forty (40) years from the date thereof
bearing interest at a rate not to exceed five per cent (5%6 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 maturity
thereof?
FOR the Issuance of $22,875,000.00 Street Improvement Bonds.
AGAINST the Issuance of $22,875,000.00 Street Improvement
Bonds.
V.
Shall the City of Fort Worth, Texas, through its City Coun-
cil, issue its negotiable coupon bonds in the principal sum of
Eight Million, Five Hundred Thousand Dollars ($8,500,000.00)
for the purpose of making permanent city improvements by con-
structing, building and equipping a municipal auditorium and
acquiring the necessary land therefor, said bonds being payable
serially as may be determined by the 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 create a sinking fund sufficient to redeem
said bonds at the maturity thereof?
FOR the Issuance of $8,500,000.00 Municipal Auditorium Bonds.
AGAINST the Issuance of $8,500,000.00 Municipal Auditorium
Bonds.
VI.
Shall the City of Fort Worth, Texas, through its City Coun-
cil, issue its negotiable coupon bonds in the principal sum
of Eight Hundred and Fifty Thousand Dollars ($850,000.00) for
the purpose of making permanent city improvements by purchasing,
acquiring and improving the playgrounds and recreation parks of
said City, said bonds being payable serially as may be determined
by the City Council, so that the last maturing bonds shall be-
come payable within forty (40) years from the date thereof, bear-
ing interest at a rate not to exceed five per cent (5%) per an-
num 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 maturity
thereof?
FOR the Issuance of $850,000,00 Playground and Recreation
Park Bonds.
AGAINST the Issuance of $850,000.00 playground and Recreation
Park Bonds.
VII.
Shall the City of Fort Worth, Texas, through its City Coun-
cil, issue its negotiable coupon bonds in the principal sum of
One Million, Five Hundred Thousand Dollars ($1,500,000.00) for
the purpose of making permanent city improvements by purchasing,
acquiring and improving land and property for public parks in
said City, said bonds being payable serially as may be determined
by the City Council, so that the last maturing bonds shall be-
come payable within forty (40) years from the date thereof
bearing interest at a rate not to exceed five per cent (5%j
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
maturity thereof?
FOR the Issuance of $1,500,000.00 Park Bonds.
AGAINST the Issuance of $1,500,000.00 Park Bonds.
Vill.
Shall the City of Fort Worth, Texas, through its City Coun-
cil, issue its negotiable coupon bonds in the principal sum of
Eight Hundred and Fifty Thousand Dollars ($850,000.00) for the
purpose of making permanent city improvements by constructing,
building, improving and equipping buildings for a municipal
library, and acquiring the necessary lands therefor, said bonds
being payable serially as may be determined by the 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 create a sinking fund suf-
ficient to redeem said bonds at the maturity thereof?
FOR the Issuance of $850,000.00 Municipal Library Bonds.
AGAINST the Issuance of $850,000.00 Municipal Library Bonds.
IX.
Shall the City of Fort Worth, Texas, through its City Coun-
cil, issue its negotiable coupon bonds in the principal sum of
Two Million, Seven Hundred and Fifty Thousand Dollars ($2,750,-
000.00) for the purpose of making permanent city improvements by
constructing, building and equipping a police station building,
and acquiring the necessary land therefor, said bonds being pay-
able serially as may be determined by the 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, pay-
able 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 maturity thereof?
FOR the Issuance of $2,750,000.00 Police Station Building
Bonds.
AGAINST the Issuance of $2,750,000.00 Police Station Building
Bonds.
X.
Shall the City of Fort Worth, Texas, through its City Coun-
cil, issue its negotiable coupon bonds in the princi al sum of
One Million, Two Hundred and Fifty Thousand Dollars f$1,250,000.00)
for the purpose of making permanent city improvements by con-
structing, building and equipping a museum of Western Arts, and
acquiring the necessary land therefor, said bonds being payable
serially as may be determined by the 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 create a sinking fund sufficient to redeem said bonds
at the maturity thereof?
FOR the Issuance of $1,250,000.00 Museum of Western Arts
Bonds.
AGAINST the Issuance of $1,250,000.00 Museum of Western Arts
Bonds.
XI.
Shall the City of Fort Worth, Texas, through its City Coun-
cil, issue its negotiable coupon bonds in the principal sum of
Two Hundred and Fifty Thousand Dollars ($250,000.00) for the
purpose of making permanent city improvements by constructing,
building and equipping garages for the storage and repair of
City equipment, and acquiring the necessary lands therefor, said
bonds being payable serially as may be determined by the 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 create a sinking fund
sufficient to redeem said bonds at the maturity thereof?
FOR the Issuance of $250,000.00 Garage Bonds.
AGAINST the Issuance of $250,000.00 Garage Bonds.;
and,
WHEREAS, in the election held in said City of Fort Worth, Texas, on
the 18th day of November, A. D. 1958, on the question of the issuance of
said Fire Protection Bonds hereinbefore mentioned, there was a majority
of votes in favor of the issuance of said bonds; and,
WHEREAS, by virtue of said election, said City Council is vested with
power and authority by and from the qualified electors who own taxable
property in the City of Fort Worth, Texas, and who have duly rendered the
same for taxation, to issue said Fire Protection Bonds for the purposes
aforementioned and to make same valid and binding obligations of the cor-
porate government of the City of Fort Worth, Texas; and,
WHEREAS, it is deemed wise and expedient by the City Council of the
City of Fort Worth, Texas, in the exercise of the discretion reposed in it
by law, that One Hundred Thousand Dollars ($100,000.00) worth of said bonds,
out of an authorized issue of Four Hundred Thousand Dollars ($400,000.00),
be issued in bonds at this time, said bonds to be issued being Series 98
and designated as "Fire Protection Bonds"; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS:
SECTION I.
That the municipal government of the City of Fort Worth, Texas, issue
its corporate negotiable coupon bonds in the principal sum of One Hundred
Thousand Dollars ($100,000.00), out of an authorized issue of Four Hundred
Thousand Dollars ($400,000.00), which bonds were authorized to be issued at
a proper election held on the 18th day of November, A. D. 1958, and which
bonds are known as Series 98 and designated as "Fire Protection Bonds";
that the bonds so to be issued shall be in the denomination of One Thousand
Dollars ($1,000.00) each, dated June 1, 1961, the first Fifteen Thousand
Dollars ($15,000.00) worth of said bonds, maturing from 1961 to 1969, in-
clusive, to bear interest at the rate of five per cent (5%) per annum,
the next Fifty-five Thousand Dollars ($55,000.00) worth of said bonds,
maturing from 1970 to 1980, inclusive, to bear interest at the rate of
three and one-half per cent (3-1/2%) per annum, the next Twenty-five
Thousand Dollars ($25,000.00) worth of said bonds, maturing from 1981 to
1985, inclusive, to bear interest at the rate of three and sixty-hun-
dredths per cent (3.60%) per antrum, and the next Five Thousand Dollars
($5,000.00) worth of said bonds, maturing in 1986, to bear interest at
the rate of one-quarter of one per cent (1/4 of 1%), payable semi-annually
on the first day of December and June of each year respectively, both
principal and interest of said bonds being payable at The Hanover Bank,
in the Borough of Manhattan, City and State of New York, the semi-annual
interest being evidenced by interest coupons attached thereto; that each
of said bonds shall be executed for and on behalf of the City of Fort
Worth, Texas, by the facsimile signature of the Mayor, approved as to form
and legality by the facsimile signature of the City Attorney, and attested
manually by the City Secretary, with the seal of the City thereon duly
impressed or affixed, and the interest coupons shall be executed with the
lithographed or printed facsimile signatures of the Mayor and City Secre-
tary of the City of Fort Worth, Texas, and such facsimile signatures shall
have the same effect as if manually placed on said bonds; that 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,
so that the last maturing bond shall become payable within twenty-five (25)
years from the date thereof, and the bonds themselves, one hundred (100)
in number, shall be numbered consecutively from one (1) to one hundred
(100), inclusive, and shall mature in the amount and manner hereinafter
set out; and that said bonds shall be issued for the purpose of making
permanent city improvements by constructing, building and equipping fire
stations and improving and extending the city fire alarm system, and ac-
quiring the necessary lands therefor for said City.
That the general form of said bonds and the coupons thereto an-
nexed and the interest added to said bonds shall be executed substan-
tially in the folloxing form:
e s
SECTION II.
That the said bonds so to be issued by the City of Fort Worth,
Texas, amounting to One Hundred Thousand Dollars ($100,000.00), shall be
issued for the purpose of making permanent city improvements by construct-
ing, building and equipping fire stations and improving and extending
the city fire alarm system, and acquiring the necessary lands therefor
for said City, and shall consist of one hundred (100) bonds numbered from
one (1) to one hundred (100), inclusive, and the first Fifteen Thousand
Dollars ($15,000.00) worth of said bonds, maturing from 1967 to 1969,
inclusive, shall bear interest at the rate of five per cent (5%) per an-
num, and the next Fifty-five Thousand Dollars ($55,000.00) worth of said
bonds, maturing from 1970 to 1980, inclusive, shall bear interest at the
rate of three and one-half per cent (3-1`2%) per annum, and the next
Twenty-five Thousand Dollars ($25,000.00) worth of said bonds, maturing
from 1981 to 1985, inclusive, shall bear interest at the rate of three
and sixty-hundredths per cent (3.60%) per annum, and the next Five Thou-
sand Dollars ($5,000.00) worth of said bonds, maturing in 19%, shall bear
interest at the rate of one-quarter of one per cent (1/4 of 1%,) per annum,
payable semi-annually as aforesaid, all of which said one hundred (100)
bonds shall be known as Series 98 and shall be styled and designated as
"Fire Protection Bonds"; and that all of the said bonds, comprising the
sum total of One Hundred Thousand Dollars ($100,000.00), shall mature in
numerical order in the manner and amounts as set out in the tabulated
statement herewith attached, to wit:
SECTION III.
That the said bonds are hereby authorized to be sold to the best ad-
vantage, but in no event shall same be sold for less than par, and the
accrued interest to the time of delivery and the proceeds thereof to be
placed in the treasury of the City of Fort Worth and utilized for the
special purposes for which they are created.
SECTION IV.
That for the purpose of paying the interest of said bonds, as well
as the various installments of principal, as the same shall respectively
mature, there is hereby levied for the year 1961 and for each succeeding
year thereafter so long as the same may be necessary, to provide for the
interest and annual installments of principal of said bonds, on all prop-
erty in the City of Fort Worth, Texas, liable to taxation, a straight ad
valorem tax of 0.1041 cents on the one hundred dollar valuation of said
property, or so much thereof as may be necessary, or in addition thereto
as may be required, full allowance being made for delinquencies and costs
of collection, and if at any time the amount of said tax shall not be suf-
ficient to provide for the interest and annual installments of principal,
it shall be the duty of the City Council to so increase said rate that an
amount shall be realized from said tax sufficient to meet the requirements
aforesaid for interest and annual installments of principal of said bonds;
and it is hereby promised and agreed that such increase of tax shall be
made, if required for the purposes named, as often as it may be necessary.
There shall be assessed and collected annually a sufficient sum to pay the
interest on such bonds and to create a sinking fund of at least two percentum
(2%) of the principal debt herein authorized.
SECTION V.
That it shall be the duty of the City Council of the City of Fort
Worth, Texas, and its successors, and of the government of the City of
Fort Worth, in levying taxes for general purposes for the said City for
the year 1961, and for every successive year during the life of said bonded'
indebtedness or any part thereof, to include in such levy the special tax
of 0.1041 cents on the one hundred dollar property valuation (or so much
thereof as may be requisite and necessary, or in addition thereto as may
be required), provided for in the next preceding section of this ordi-
nance, and said special tax shall on no account whatever be displaced
therefrom.
SECTION VI.
That the special tax hereinbefore provided for, when collected, shall
be placed and kept in a separate fund and shall be dev ted to the payment
of the interest and the extinguishment of the principal of all and singu-
lar the bonds hereinabove mentioned as same mature from time to time, and
shall not be used, applied or diverted to any other purpose or object what-
soever; and the funds derived from said tax shall be held and listed as
a separate account on the books of said City and the proceeds held and
kept by the City Treasurer of said City as a separate and distinct account
and so specified as such on his books.
SECTION VII.
That as soon as convenient after said bonds shall have been prepared
and signed in the manner prescribed by the ordinance, they shall be sub-
mitted to the Attorney General of the State of Texas, together with a cer-
tified copy of this ordinance and a statement of the total bonded indebted-
ness of the City of Fort Worth, including the bonds herein and hereby au-
thorized and the assessed value of the taxable property in said City, for
his approval, and none of said bonds shall be negotiated, sold or trans-
ferred until the same shall have received the official sanction of the said
Attorney General as prescribed by law, and thereafter said bonds shall be
placed with the State Comptroller of Public Accounts for registration.
SECTION VIII.
That the City Treasurer of the City of Fort Worth, or other lawful
custodian of such fund, during the months of November and May of each and
every year during the life of said bonds or part thereof, and not later
than the 25th day of each of said months, shall transmit sufficient money
out of the interest funds hereinbefore created for the payment of the semi-
annual intereot accruing on said bonds to The Hanover Barak, in the Borough
of Manhattan, City and State of New York, and likewise proper remittance
shall be made in due course to provide for the payment of the principal
of any of said bonds in advance of the maturity of same.
SECTION IX.
That this ordinance shall take effect and be in full force and effect
from and after the date of its passage, and it is so ordained.
or of t o Fort ,
Tex
ATPES
C ty ecretary of the City of
` Fort Worth, Texas
APPROVED AS TO FORM AND LEGALITY:
City Attorney of the City
Fort Worth, Texas
CITY OF FORT WORTH
PRINCIPAL MATURITIES
$100,000.00 FIRE PROTECTION BONDS
DATED JUNE 1, 1961
DUE JUNE 1ST PRINCIPAL MATURING
1962 $ -0-
1963 -0-
1964 -0-
1965 -0-
1966 -0-
1967 5,000.00
1968 5,000.00
1969 5,000.00
1970 5,000.00
1971 5,000.00
1972 5,000.00
1973 5,000.00
1974 5,000.00
1975 5,000.00
1976 5,000.00
1977 5,000.00
1978 5,000.00
1979 5,000.00
1980 5,000.00
1981 5,000.00
1982 5,000.00
1983 5,000.00
1964 5,000.00
1985 5,000.00
1986 5,000.00
NO. UNITED STATES
OF AMERICA
STATE OF TEXAS, COUNTY OF TARRANT
SERIFS 98
CITY OF FORT WORTH
--00000--
Fire Protection Bond of the City of Fort Worth issued for the purpose
of making permanent city improvements by constructing, building
and equipping fire stations and improving and extending the
city fire alarm system, and acquiring the necessary lands
therefor.
KNOW ALL MEN BY THESE PRESENTS:
That 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,
ONE THOUSAND DOLLARS ($1,000.00)
in lawful money of the United States of America, on the first day of June,
A. D. 19 —, together with interest thereon at the rate of
percentum ( %) per annum, payable semi-annually, the first interest
payment date being December 1, 1961, and each year thereafter on June 1
and December 1, on presentation and surrender of the annexed interest cou-
pons as they severally fall due. Both the principal and interest of this
bond are payable at the office of The Hanover Bank, in the Borough of Man-
hattan, City and State of New York, 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 tereby irrevocably pledged.
This bond is one of a series of one hundred (100) bonds numbered con-
secutively from one (1) to one hundred (100), inclusive, in the denomination
of One Thousand Dollars ($1,000.00) each, amounting in the aggregate to-the
sum of One Hundred Thousand Dollars ($100,000.00), issued for the purpose
of making permanent city improvements by constructing, building and equip-
ping fire stations and improving and extending the city fire alarm system,
and acquiring the necessary lands therefor, under and by virtue of the Con-
stitution 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 valid authority from the property
taxpaying qualified voters of said City, at a proper and legal election
held on the 18th day of November, A. D. 1958.
It is hereby further expressly represented, recited and covenanted,
to and with each and every holder of said bonds or any one of them, that
all acts, conditions and things required by the Constitution and laws of
the State of Texas, and by 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 man-
ner 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 property 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 the facsimile signa-
ture of the Mayor of the City and attefsted manually by the City Secretary
and approved as to form and legality by the facsimile signature of the
City Attorney, with the seal of the City thereunto duly affixed or im-
pressed, and has caused the annexed interest coupons to be executed with
the facsimile signatures of the Mayor and City Secretary, and has caused
this bond to be dtted the first day of June, A. D. 1961.
CITY OF FORT WCRTH, TEKAS
BY
fir.
ATTEST:
City Secretary
(FORM OF COUPON NOTE)
The City of Fort Worth, in the State of Texas, promises to pay to
Bearer ($ ) on the lst day of
19 , at The Hanover Bank, in the Borough of Manhattan, City and State
of New York, for interest due that day on its Fire Protection Bond, Series
98, dated June 1, 1961, and numbered
CITY OF FORT WORTH, TEXAS
BY
ATTEST:
City Secretary
(CERTIFICATE OF COMPTROLLER)
OFFICE OF COMPTROLLER,
STATE OF TEXAS.
I do 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 me.
WITNESS my hand and seal of office, at Austin, Texas, this the
day of , A. D. 19
Comptroller of Public Accoun s
of the State of Texas
(CERTIFICATE OF CITY ATTORNEY)
The within bond is hereby approved as to form and legality.
City Attorney
ORDINANCE
No. `Z 6 4
Title p p �--�
Adopte
Final Adoption
Published
File�Day of ig /
City Secretary
P. O.No.29793-A