HomeMy WebLinkAboutOrdinance 2602 ORDINANCE NO. .2 G d z
AN ORDINANCE PROVIDING FOR THE ISSUANCE OF NEGOTIABLE COUPON
BONDS OF THE GOVERNMENT OF THE CITY OF FORT WORTH, TEXAS,
AMOUNTING TO THE PRINCIPAL SUM OF ONE MILLION, NINE HUNDRED
AND TWENTY-FIVE THOUSAND DOLLARS ($1,925,000.00), IN ADDI-
TION TO THE SUM OF ONE MILLION, SEVENTY-FIVE THOUSAND DOL-
LARS ($1,075,000.00) WORTH OF SAID BONDS HERETOFORE ISSUED
OUT OF AN AUTHORIZED ISSUE OF THREE MILLION DOLLARS ($3,..
000,000.00), AND BEING KNOWN AS SERIES 79 AND DESIGNATED
AS "WATER WORKS BONDS," TO BE ISSUED FOR THE PURPOSE OF
IMPROVING, EXTENDING AND ENLARGING THE WATER WORKS AND
WATER WORKS SYSTEM OF SAID CITY, AND ACQUIRING THE NECES-
SARY LANDS THEREFOR FOR SAID CITY, EACH OF SAID BONDS TO
BE IN THE DENOMINATION OF ONE THOUSAND DOLLARS (01 000.00),
TO BE DATED NOVEMBER 1, 1948, MATURING FROM ONE (lj TO TWENTY-
FIVE (25) YEARS FROM THE DATE THEREOF, THE FIRST NINE HUNDRED
AND TWENTY-FOUR THOUSAND DOLLARS (0924,000,00) WORTH OF SAID
BONDS TO BEAR INTEREST AT THE RATE OF TWO AND ONE-HALF PER
CENT (2j%) PER ANNUM AND THE NEXT ONE MILLION, ONE THOUSAND
DOLLARS ($1,001,000.00) WORTH OF SAID BONDS TO BEAR INTEREST
AT THE RATE OF THREE PER CENT (3%) 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 MAYOR AND 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 PAY14ENT 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 5th day of September, A. D. 1945, pursuant to the
authority 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 Constitution of the State of Texas, the City Council of the City
of Fort Worth, Texas, by an ordinance of that date, directed the submis-
sion to the qualified 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 2nd day of October, A. D. 1945,
of the right, power and authority of the City Council of the City of Fort
Worth, Texas, to issue negotiable coupon bonds of the corporate government
of said City in the principal sum of Three Million Dollars ($3,000,000.00)
for the purpose of improving, extending and enlarging the water works and
water works system of said City, and acquiring the necessary lands there-
for for said City; and,
WHEREAS, in conformity with said ordinance, the Mayor of said City
did make proclamation of said election and fixed the date thereof for the
2nd day of October, A. D. 1945; and,
1073REAS, said election order and proclamation thereof were pre-
pared and published in the manner and for the time prescribed in said or-
dinance; and,
WHEREAS, on the 2nd day of October, A. D. 1945, 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 fol-
lows:
OFFICIAL BALLOT
I,
Shall the City of Fort Worth, Texas, through its City Council,
issue its negotiable coupon bonds in the principal sum of Nine Million
Dollars ($9,000,000.00) for the purpose of constructing, improving and
extending the streets, thoroughfares and storm sewers of said City, in-
cluding 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 become payable within forty (40�
years from the date thereof, bearing interest at a rate not to exceed
four per cent (4%) 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 Street Improvement Bonds.
AGAINST the Issuance of Street Improvement Bonds.
II.
Shall the City of Fort Worth, Texas, through its City Council,
issue its negotiable coupon bonds in the principal sum of Two Million,
Five Hundred Thousand Dollars ($2,500,000.00) for the purpose of estab-
lishing, equipping, extending and improving municipal airports and land-
ing fields for airplanes, aircraft and other aerial machines, and acquir-
ing 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 (403 years from the date thereof, bear-
ing interest at a rate not to exceed four per cent (4%) 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 Airport Bonds,
AGAINST the Issuance of Airport Bonds.
III.
Shall the City of Fort Worth, Texas, through its City Council,
issue its negotiable coupon bonds in the principal sum of Two Million
Dollars ($2,000,000.00) for the purpose of improving, extending and en-
larging the sanitary sewer system and sewage disposal plant of 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 ma-
turing bonds shall become payable within forty (40) years from the date
thereof, bearing interest at a rate not to exceed four per cent (4%) 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 suffi-
cient to redeem said bonds at the maturity thereof?
FOR the Issuance of Sanitary Sewer System and Sewage
Disposal Plant Bonds,
AGAINST the Issuance of Sanitary Sewer System and Sewage
Disposal Plant Bonds.
IV.
Shall the City of Fort Worth, Texas, through its City Council, is-
sue its negotiable coupon bonds in the principal sum of Three Million Dol-
lars ($3,000,000.00) for the purpose of improving, extending and enlarg-
ing the water works and water works system of 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 in-
terest at a rate not to exceed four per cent (4%) 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 redeem said
bonds at the maturity thereof?
FOR the Issuance of Water Works Bonds.
AGAINST the Issuance of Water Works Bonds.
V.
Shall the City of Fort Worth, Texas, through its City Council, is-
sue its negotiable coupon bonds in the principal sum of Three Hundred
Thousand Dollars (6300,000.00) for the purpose of constricting, building
and equipping a police station and Jail building, 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 four per cent (4%) 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 Police Station and Jail Building Bonds.
AGAINST the Issuance of Police Station and Jail Building
Bonds.
VI.
Shall the City of Fort Worth, Texas, through its City Council, is-
sue its negotiable coupon bonds in the principal sum of Seven Hundred
Thousand Dollars ($700,000.00) for the purpose of 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 become payable within forty (40) years from
the date thereof, bearing interest at a rate not to exceed four per cent
(4%) 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 Park Bonds.
AGAINST the Issuance of Park Bonds.
VII.
Shall the City of Fort Worth, Texas, through its City Council, is»
sue,its negotiable coupon bonds in the principal sum of Five Hundred Thou-
sand Dollars ($500,000.00) for the purpose of 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 become payable within forty (40) years from
the date thereof, bearing interest at a rate not to exceed four per cent
(4%) 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 Playground and Recreation Park Bonds.
AGAINST the Issuance of Playground and Recreation Park Bonds.
VIII.
Shall the City of Fort Worth, Texas, through its City Council, is-
sue its negotiable coupon bonds in the principal sum of Eight Hundred Thou-
sand Dollars ($800,000.00) for the purpose of constructing, building and
equipping an art and children's museum for said City, and acquiring the
necessary land therefor, said bonds being payable serially as may be de-
termined by the City Council, so that the last maturing bonds shall be-
come payable within forty (40) years from the date thereof, bearing inter-
est at a rate not to exceed four per cent (4%) 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 redeem said
bonds at the maturity thereof?
FOR the Issuance of Art and Children's Museum Bonds.
AGAINST the Issuance of Art and Children's Museum Bonds.
IX.
Shall the City of Fort Worth, Texas, through its City Council, is-
sue its negotiable coupon bonds in the principal sum of Five Hundred Thou-
sand Dollars 3500,000.00) for the purpose of constructing, building and
equipping a recreation center building and amphitheater for said City,
and acquiring the necessary land therefor, said bonds being payable
serially as may be determined by the City Council, so that the last matur-
ing bonds shall become payable within forty (40) years from the date
thereof, bearing interest at a rate not to exceed four per cent (4%) 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 Recreation Center Building and Amphi-
theater Bonds.
AGAINST the Issuance of Recreation Center Building and Amphi-
theater Bonds.
Y.
Shall the City of Fort Worth, Texas, through its City Council, is-
sue its negotiable coupon bonds in the principal sum of One Million, Five
Hundred Thousand Dollars ($1,500,000.00) for the purpose of constructing,
equipping and improving agricultural and livestock exhibit buildings 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 (40j years from the
date thereof, bearing interest at a rate,not to exceed four per cent (4%)
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 sinking fund suf-
ficient to redeem said bonds at the maturity ther4of?
FOR the Issuance of Agricultural and Livestock Exhibit
Building Bonds.
AGAINST the Issuance of Agricultural and Livestock Exhibit
Building Bonds.;
and,
WHEREAS, in the election held in said City of Fort Worth, Texas,
on the 2nd day of October, A. D. 1945, on the question of the issuance
of said 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 tax-
able property in the City of Fort Worth, Texas, and who have duly rendered
the same for taxation, to issue said bonds for the purposes aforementioned
and to make same valid and binding obligations of the corporate government
of the City of Fort Worth, Texas; and,
WHEREAS, the City Council, in accordance with the power vested in
said governing body, did lawfully pass and adopt an ordinance on the l9th
day of November, A. D. 1947, authorising the issuance of negotiable coupon
bonds of the government of the City of Fort Worth amounting to the princi-
pal sum of One Million Dollars ($1,000,000.00); and,
WHEREAS, the City Council., in accordance with the power vested in
said governing body, did lawfully pass and adopt an ordinance on the 23rd
day of June, A. D. 1948, authorizing the issuance of negotiable coupon
bonds of the government of the City of Fort Worth amounting to the princi-
pal sum of Seventy-five Thousand Dollars ($75,000.00); and,
WHEREAS, all of the above described bonds were issued out of an
authorized issue of Three Million Dollars ($3,000,000.00) worth of said
bonds, which bonds were authorized to be issued by the property taxpaying
qualified voters of said City at an election held on the 2nd day of Octo-
ber, A. D. 1945, and all of them being a part of and known as Series 79,
and designated as "Water Works Bonds"; 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 lax, that One Million, Nine Hundred and Twenty-five Thousand
Dollars ($1,925,000.00) worth of said bonds, in addition to the One Mil-
lion, Seventy-five Thousand Dollars ($1,075,000.00) worth of said bonds
heretofore issued and sold out of the authorized issue of Three Million
Dollars ($3,000,000.00), be issued in bonds at this time, said bonds to
be issued being a part of Series 79 and designated as "Water Works 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
Million, Nine Hundred and Twenty-five Thousand Dollars ($1,925,000.00),
this amount being in addition to the One Million Dollars ($1,000,000.00)
worth of said bonds heretofore issued by an ordinance lawfully passed
and adopted by the said City Council on the 19th day of November, A. D.
w
1947, and the Seventy—five Thousand Dollars ($75,000.00) worth of said
bonds heretofore issued by an ordinance lawfully passed and adopted by
the said City Council on the 23rd day of June, A. D. 1946; that the said
bonds above described were issued and sold out of an authorized issue of
Three Million Dollars ($3,000,000.00), authorized to be issued at a proper
election held on the 2nd day of October, A. D. 1945, and which bonds are
known as Series 79 and designated as "Water Works Bonds"; that the bonds
so to be issued shall be in the denomination of One Thousand Dollars
($1,000.00) each, dated November 1, 190, the first Nine Hundred and
Twenty--four Thousand Dollars ($924,000.00) worth of said bonds, maturing
from 1949 to 1960, inclusive, to bear interest at the rate of two and
one—half per cent (2j%) per annum and the next One Million, One Thousand
Dollars ($1,001,000.00) worth of said bonds, maturing from 1961 to 1973,
inclusive, to bear interest at the rate of three per cent (3%) per annum,
payable semi—annually on the first day of May and November of each year
respectively, 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 be—
half of the City of Fort Worth, Texas, 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 sig-
natures of the Mayor and City Secretary of the City of Fort Worth, Texas;
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 herein•
after set out, so that the last maturing bond shall become payable within
twenty—five (25) years from the date thereof, and the bonds themselves,
nineteen hundred and twenty—five (1,925) in number, shall be numbered
consecutively from one thousand seventy—six (1,076) to three thousand
(3,000). inclusive, and shall mature in the amount and manner hereinafter
set out; and that said bonds shall be issued for the purpose of improving,
extending and enlarging the water works and water works system of said
City, and acquiring 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 substantially
in the following form:
SECTION II.
That the said bonds so to be issued by the City of Fort Worth,
Texas, amounting to One Million, Nine Hundred and Twenty-five Thousand
Dollars ($1,925,000.00), in addition to the sum of One Million, Seventy-
five Thousand Dollars ($1,075,000.00) worth of said bonds heretofore
issued out of the said authorized issue of Three Million Dollars ($3,-
000,000.00), shall be issued for the purpose of improving, extending and
enlarging the water works and water works system of said City, and acquir-
ing the necessary lands therefor for said City, and shall consist of
nineteen hundred and twenty-five (1,925) bonds numbered from one thousand
seventy-six (1,076) to three thousand (3,000). inclusive, and the first-
Nine Hundred and Twenty-four Thousand Dollars ($924,000.00) worth of said
bonds, maturing from 1949 to 1960, inclusive, shall bear interest at the
rate of two and one-half per cent (2j%) per annum, and the next One Mil-
lion, One Thousand Dollars ($1,001,000.00) worth of said bonds, maturing
from 1961 to 1973, inclusive, shall bear interest at the rate of three
per cent (3%) per annum, payable semi--annually, as aforesaid, all of which
said nineteen hundred and twenty-five (1,925) bonds shall be known as
Series 79 and shall be styled and designated as IrWater Works Bonds'; and
that all of the said bonds, comprising the sum total of One Million, Nine
Hundred and Twenty-five Thousand Dollars ($1,925,000.00), 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
advantage, 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 utilised 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 1949 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 4.1883 cents on the one hundred dollar valuation of said
property, or so much thereof as may be necessary, and if at any time the
amount of said tax shall not be sufficient 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 in-
stallments of principal of said bonds; and it is hereby promised and
agreed that such increase of tax shall be made, if required for the pur-
poses 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 princi-
pal 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 1949 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 4.1883 cents on the one hundred dollar property valuation (or so Mch
thereof as may be requisite and necessary), provided for in the next pre-
ceding section of this ordinance, 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 fluid and shall be devoted to the
payment of the interest and the extinguishment of the principal of all
and singular the bonds hereinabove mentioned as same mature from time to
time, and shad not be used, applied or diverted to any other purpose or
object whatsoever; 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 dis-
tinct account and so specified as such on his books.
SECTION VII.
That as soon as convenient after said bonds shall have been pre-
pared and signed in the manner prescribed by the ordinance, they shall be
submitted to the Attorney General of the State of Texas, together with
a certified copy of this ordinance and a statement of the total bonded
indebtedness of the City of Fort Worth, including the bonds herein and
hereby authorized and the assessed value of the taxable property in said
City, for his approval, and none of said bonds shall be negotiated, sold
or transferred 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 law-
ful custodian of such fund, during the months of April and October of
each and every year during the life of said bonds or part thereof, and
not later than the 23th day of each of said months, shall transmit suf-
ficient money out of the interest funds hereinbefore created for the pay-
ment of the seam-annual interest accruing on said bonds to the Central
Hanover Bank and Trust Company, of the City of New York, State of New
York, and likewise proper remittance shall be made in due course to pro-
vide 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.
41
Mayor of the City of Fort Worth, Te
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
NO. UNITED STATES
OF AMERICA
STATE OF TEXAS, COUNTY OF TARRANT
SERIES 79
C I T Y O F F 0 R T W 0 R T H
-00000--•
Water Works Bond of the City of Fort Worth issued for the purpose of im-
proving, extending and enlarging the water works and water works
system of said City, and acquiring the necessary lands there-
for.
KNOW ALL MEN BY THESE PRESENTS:
That the government of the City of Fort Worth, a municipal cor-
poration duly created under the laws of the State of Texas, hereby acknowl-
edges 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
November, A. D. 19 , together with interest thereon at the rate of
percentum ( %) per annum, payable semi-annually on the
first day of May and November 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, 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 hereby irrevocably pledged.
This bond is one of a series of nineteen hundred and twenty-five
(1,925) bonds numbered consecutively from one thousand seventy-six (1,076)
to three thousand (3,000), inclusive, in the denomination of One Thousand
Dollars ($1,000.00) each, amounting in the aggregate to the sum of One
Million, Nine Hundred and Twenty--five Thousand Dollars ($1,925,000.00),
issued for the purpose of improving, extending and enlarging the water
works and water works system of said City, and acquiring the necessary
lands 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 valid authority from the property taxpaying qualified voters
of said City, at a proper and legal election held on the 2nd day of Octo-
•, A. D. 1945.
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 Constitution and 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 collec-
tion 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 ma-
turity dates thereof, and that the total indebtedness of said City, in-
cluding this bond and the issue of which it is a component part, does not
exceed any constitutional or statutory limitation.
IN TESTIMDNY WHERDOF, 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 signatures of the Mayor and City Secretary, and has
caused this bond to be dated as the first day of November, A. D. 1948.
CITY OF FORT WORTH, TEXAS
BY
Y*Vor
ATTEST:
City Secretary
(FORM OF COUPON NOTE)
The City of Fort Worth, in the State of Texas, promises to pay to
Bearer 4 ) on the 13t day of
19 , at the Central Hanover Bank and Trust
Company, in the City of New York, New York, for interest due that day
on its Water Works Bond, Series 79, dated November 1, 1948, and numbered
• CITY OF FORT WORTH, TEXAS
BY
Nayor
ATTEST:
City Secretary
NO.
(CERTIFICATE OF COMPTROLLER)
OFFICE OF COMPTROLLER,
STATE OF TEXAS,
I do hereby certify that there is on file and of record in my of-
fice 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 Accounts
of the State of Texas
CITY OF FORT WORTH
PRINCIPAL MATURITIES
$1,925,000.00 WATER WORKS BONDS
DATED NOVEMBER 1, 1948
DUE NOVEMBER 1ST PRINCIPAL MATURING
1949 $77,000.00
1950 77,000.00
1951 77,000.00
1952 77,000.00
1953 77,000.00
1954 77,000.00
1955 77,000.00
1956 77,000.00
1957 77,000#00
1958 77,000.00
1959 77,000,00
1960 77s000.00
1961 77,000,00
1962 77,000.00
1963 77,000.00
1965 77,000.00
00
1966 77,000.00
1967 77,000.00
1968 77,000.00
1969 77,000.00
1970 77,000.00
1971 77,000.00
1972 77,000.00
1973 77,000.00
O ld LIMAN
No.
TitI -
Date
Fite
'Day o
City Secretar
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