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HomeMy WebLinkAboutOrdinance 3416 ORDINANCE NO. Qj//eo AN ORDINANCE PROVIDING FOR THE SUBMISSION TO THE QUALIFIED ELECTORS WHO OWN TAXABLE PROPERTY IN THE CITY OF FORT WORTH, TEXAS, AND WHO HAVE DULY RTMDERED THE SAME FOR TAXATION FOR THE PURPOSE OF DETERMINING UPON THE ISSUANCE OF REVENUE BONDS IN THE SUM OF SEVENTEEN MILLION DOLLARS ($17,000,000.00), IN ADDITION TO TWENTY-TWO MILLION, FOUR HUNDRED THOUSAND DOLLARS ($22,400,000.00) WORTH OF SAID BONDS HERETOFORE AUTHORIZED, FOR THE PURPOSE OF IMPROVING AND EXTENDING THE WATERWORKS SYS- TEM OF SAID CITY, SAID BONDS TO BE ISSUED AT ONE TIME OR IN INSTALLMENTS FROM TIME TO TIME AS THE CITY COUNCIL SHALL DE- TERMINE, THE BONDS OF EACH INSTALLMENT 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, AND BEARING INTEREST AT A RATE NOT TO EXCEED FOUR AND ONE-HALF PER CENT (4-1/2%) PER ANNUM FROM THE DATE THEREOF; AND TO DETERMINE UPON THE ISSUANCE OF REVENUE BONDS IN THE SUM OF ONE MILLION DOLLARS ($1,000,000.00), IN ADDITION TO TEN MILLION, SIX HUNDRED THOUSAND DOLLARS ($10,- 604,000.00) WORTH OF SAID BONDS HERETOFORE AUTHORIZED, FOR THE PURPOSE OF IMPROVING AND EXTENDING THE EXISTING SEWER SYSTEM OF SAID CITY, SAID BONDS TO BE ISSUED AT ONE TIME OR IN INSTALLMENTS FROM TIME TO TIME AS THE CITY COUNCIL SHALL DETERMINE, THE BONDS OF EACH INSTALLMENT BEING PAYABLE SERIAL- LY 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, AND BEARING INTEREST AT A RATE NOT TO EXCEED FOUR AND ONE-HALF PER CENT (4-1/2%) PER ANNUM FROM THE DATE THEREOF; AUTHORIZING THE ISSUANCE OF THE BONDS SUPPORTED BY A COMBINED PLEDGE OF THE REVENUES OF BOTH SYSTEMS; PLEDGING THE REVENUES OF THE WATERWORKS SYSTEM AND THE SEWER SYSTEM FOR THE PAYMENT THEREOF, IN ACCORDANCE WITH THE PROVISIONS OF APPLICABLE STATUTES,. AND PARTICULARLY ARTICLES 1111-1118, BOTH INCLUSIVE, OF THE REVISED CIVIL STATUTES OF TEXAS, 1925s AS AMENDED, AND ARTICLES lllla-llllb OF VERNON'S CIVIL STATUTES OF TEXAS, SAID ELECTION TO BE HELD IN THE CITY OF FORT WORTH, TEXAS, ON TUESDAY, THE 31ST DAY OF JANUARY, A. D. 1956; AND ORDAINING OTHER PROVISIONS RELATED TO THE SUBJECT. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: SECTION 1. That a special election be held in the City of Fort Worth, Texas, on Tuesday, the 31st day of January, A. D. 1956, at the polling places hereinafter described, between the Lours of seven o'clock A. M., and seven o'clock P. M., at which election the following propositions for the issu- ance of bonds of the City of Fort Worth, Texas, each and all of which propo- sitions contain a purpose clause that has been found and determined by the City Council to be permanent public improvements and for a legitimate pub- lic municipal purpose, shall be submitted to the qualified electors who own taxable property in said City and who have duly rendered the same for taxa- r -, tion in accordance with the provisions of Section 3-A, Article 6 of the Constitution of Texas as adopted at an election held on the 8th day of November, A. D. 1932: PROPOSITION NO. 1 Shall the City of Fort Worth, Texas, through its City Council, is- sue its negotiable coupon bonds in the principal sum of Seventeen Million Dollars ($17,000,000.00), in addition to bonds of the aggregate principal amount of Twenty-two Million, Four Hundred Thousand Dollars ($22,400,- 000.00) heretofore authorized by the City1pursuant to propositions adopted by a majority vote of the qualified electors of the City at special elec- tions held on January 25, 1949, and January 26, 1954, respectively, for the purpose of improving and extending the Waterworks System of said City, said bonds to be issued at one time or in installments from time to time as the City Council shall determine, the bonds of each installment 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, and bearing interest at a rate not to exceed four and one- half per cent (4-1/2%) per annun from the date thereof, payable semi- annually, and to provide for the payment of principal and interest on said bonds by pledging the net revenues from the operation of the Water- works System of said City, or in the event that the City Council be.au- thorized to issue Sewer System revenue bonds as submitted in Proposition No. 2, to be secured additionally by a pledge of the net revenues from the operation of said Sewer System? PROPOSITION NO. 2 Shall the City of Fort Worth, Texas, through 'its City Council, issue its negotiable coupon bonds in the principal sum of One Million Dollars ($1,000,000.00)" in addition to bonds of the aggregate principal amount of Ten Million, Six Hundred Thousand Dollars ($10,600,000.00) heretofore authorized by the City pursuant to propositions adopted by a majority vote of the qualified electors of the City at special elections held on Jan- uary 25, 1949, and January 26, 1954, respectively, for the purpose of im- proving and extending the existing Sewer System of said City, said bonds to be issued at one time or in installments from time to time as the City Council shall determine, the bonds of each installment 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, and bearing interest at a rate not to exceed four and one half per cent (4-1/2'%) per annum from the date thereof, payable semi-annually, and to provide for the payment of principal and interest on said bonds by pledging the net revenues from the operation of the Sewer System of said City, or in the event that the City Council be authorized to issue Waterworks System revenue bonds as submitted in Proposition No. 1, to be secured additionally by a pledge of the net revenues from the operation of said Waterworks System? SECTION 2. That said election shall be held at the following places with the following named persons appointed presiding judge of said election, to wit: SECTION 3. That said election shall be held under the provisions of the Consti- tution and laws of the State and, insofar as the same may be applicable, the provisions of the Charter of the City of Fort Worth, Texas, and quali- fied voters who own taxable property in said City and who have duly ren- dered the same for taxation shall be allowed to vote upon said proposi- tions, and all electors shall vote in the election precinct of their resi- dence. SECTION 4. Each proposition for the issuance of said bonds shall be separate and distinct so that the voters ahall pass upon each one separately and apart from the others. All voters who favor the proposition to issue the Waterworks System revenue bonds shall have written or printed upon their ballots the words: "FOR the issuance of Waterworks System Revenue Bonds," and those opposed shall have written or printed upon their ballots the words: "AGAINST the issuance of Waterworks System Revenue Bonds." All voters who favor the proposition to issue the Sewer System reve- nue bonds shall have written or printed upon their ballots the words: "FOR the issuance of Sewer System Revenue Bonds," and those opposed shall have written or printed upon their ballots the words: "AGAINST the issuance of Sewer System Revenue Bonds." SECTION 5. The City Secretary is hereby ordered and directed to prepare and is- sue ballots and stamp same "Official Ballot," on which ballots shall be printed the propositions as set forth above. SECTION 6. In the event the said revenue bonds are authorized to be issued by a majority vote of the qualified electors of said City voting at said elec- tion, and the same are issued and sold, the holder or holders of such reve- .w nue bonds shall never have the right to demand payment thereof out of any funds raised or to be raised by taxation, and each bond issued or executed in pursuance of such election shall contain this clause: "The holder hereof shall never have the right to demand payment of this obligation out of any funds raised, or to be raised, by taxation." SECTION 7. The City of Fort Worth expressly reserves the right to issue and sell the total authorization of Eighteen Million Dollars ($18y000,000.00) in bonds if both propositions are approved by the qualified voters, in one or more installments, and in the event the bonds, as authorized, are not sold as one issue, then the remaining bonds, when subsequently sold, shall be secured by the same character of lien and pledge as the first installment, so that each and every bond of the whole authorization, when sold, shall be of equal dignity and parity with each other bond herein issued and with each outstanding bond issued for the purpose of improving and extending the Waterworks System and the Sewer System of said City;pur- suant to the propositions adopted by a majority vote of the qualified electors of the City at special elections held on January 25, 1949, and January 26, 1954, respectively. All of said bonds shall be issued in ac- cordance with and secured in the manner provided in Articles 1111 to 1118, both inclusive, of the Revised Civil Statutes of Texas, 1925, as amended, and Articles lllla-1111b of Vernon's Civil Statutes of Texas. SECTION 8. The City Secretary shall furnish election officials said ballots, together with any other forms or blanks, in accordance with the Charter of the City of Fort Worth, Texas, and the laws of the State of Texas inso- far as same are applicable. SECTION 9. This ordinance shall constitute the election order for such special election, a substantial copy of which shall serve as the notice of elec- tion under Article 704 of the Revised Civil Statutes of Texas. SECTION 10. The City Secretary is hereby authorized and directed to cause notice of said election to be given by posting a substantial copy of the election order in each of the election precincts of said City, and also at the City Hall. The notice of said election shall also be published on the same day in each of two successive weeks in a newspaper of general circu- lation published within said City, the date of the first publication to be not less than fourteen (14) days prior to the date set for said elec- tion, and the City Secretary shall see that proper publication is made and proper notice of this election is given, in full conformity with the Charter of the City of Fort Worth, Texas, and the general laws of the State of Texas applicable thereto. SECTION 11. 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 Zofthe C ty of Fort Worth, Texas 7ATTE T: ,L it Secretary of the City f Fort Worth, Texas APPROVED AS TO FORM AND LEGALITY: yoV!`4� City Attorney of the City of Fort Worth, Texas PgCINCT LOCATION JUDGE 1 Fire Hall - Second and Commerce Sts. Rev. J. C. Darden 2 Courthouse Basement - West End Mrs. Zoe Rankin 3 Fire Hall -16th and Jones Ste. G. M. Thompson 4 Fire Hall - Texas and Cherry Ste. Mrs. R. H. McLemore 5 East Van Zandt School - 615 Missouri Avenue Mrs. D. G. Holman 6 Fire Hall - Tucker and So. Bryan Miss Ella Bideker 7 Ernest Parker Jr. High School Mrs. T. M. Smith 1015 So. Jennings 8 Hancock Wallpaper Company - 900 W. Magnolia Earl Wheeler 9 Courthouse Basement - East End G. T. Hubbard 10 Fire Hall - 1525 E. Hattie W. E. Rickard 11 Fire Hall - 3401 Avenue I Mrs. J. W. Simmons 12 East Handley Elementary School - 3127 Chilton Mrs. J. H. Ragland 14 So. Fort Worth Elementary School Mrs. Clay Walker 900 W. Fogg St. 15 Brooklyn Heights Elementary School Mrs. J. A. Hughes 3800 Valentine 16 Thomas Place Elementary School F. Howard Milrany 4150 Lafayette 17 W. J. Turner Elementary School Mrs. Rosa Maco 3001 Azle Avenue 19 Perfecto Cleaners - 108 N. Riverside Dr. Mrs. Ed Martin 48 Greines Furniture Store - 1332 N. Main Mrs. Hattie Leftwich 49 0. E. Kimmons Furniture Store - 124 W. Exchange Mrs. Russell Babcock 50 Washington Hts. Elementary School Mrs. W. W. Farmer 3300 N. Houston 51 Diamond Hill Elementary School Mrs. J. A. Stephenson 2901 Hutchinson 53 Fire Hall - 431 Fulton St. Mrs. Johnnie House 54 Jack Collierts Drug Store-Summit & Pennsylvania Miss A. E. Bahan 55 Petersmith School - 715 W. Second Mrs. J. B. Derden 56 Fire Hall - 1401 Kennedy W. L. Denton 57 Paul Rathgeber & Co. - 1415 Summit Mrs. John G. Sims 58 New Bethel Church Mrs. Lela Cox 1035 E. Annie 59 Mrs. Lacyts Residence - 1164 New York Mrs. W. B. Lacy 60 Park Place Fire Hall - 1616 Park P1%ce Mrs. R. W. Wheeler 61 Fire Hall - 1019 Peach Street Mrs. Irene Patterson 62 E. M. Daggett School - 2315 College Avenue Mrs. Aileen L. Brown 64 W. Van Zandt Elementary School Kenneth Henderson 1200 University Drive 66 Unitarian Church 2800 Prlington Mrs. T. J. Stowers 67 Denver Avenue Elementary School Mrs. W. E. Bellamy 1412 Denver Avenue 68 Rosen Hts. Bapt. Church - Scott Hall R. H. Bogard 2506 Roosevelt 70 Climate Control, Inc. W. L. McElhannon Fifth Avenue and Magnolia 71 Fire Hall - 1601 Lipscomb E. A. Bolliger 73 Fire Hall - New York and Maddox Mrs. Rose McQueary 74 D. McRae Elementary School- 3316 Avenue N Mrs. Viva Neel 75 Wm. James Jr. High School - 1101 Nashville Mrs. Ed Sorrels 76 Lily B. Clayton School - 2000 Park Place Sam H9, Weatherford, III 77 Fire Hall - 2804 Lipscomb Mrs. W. A. Fitts 78 Travis Avenue Bapt. Church - ilbfarp . Mrs. P. L. Martin 30BS Travis Avenue 79 Worth Drug Store - 2250 Evans Avenue Mrs. J. H. Waters 80 R. Vickery Elementary School- 1905 E. Vickery W. V. Jones 81 Alice E. Carlson Elementary School Mrs. Hyman Deckler 3320 W. Cantey 82 Fire Hall - 1100 Eagle Drive Mrs. Ora McAdams 83 Oaklawn School - 3220 Hard eman Mrs. Charlotte Parnell 84 Hemphill Presbyterian Church - 1701 Hemphill Mrs. Clarence Farmer 85 Rosemont Jr. High School - 1600 Prince St. Mrs. D. A. Thornton 86 Fire Hall - 1908 Carleton Mrs. P. F. Middleton 87 Old Technical High School Bldg. - 600 Park St. Mrs. Felix Harrison 88 Sagamore Hill School - 701 Hughes St. Mrs. J. G. Reeves 89 Morningside Elementary School-2601 Evans Avenue Mrs. F. L. Bass 90 Lakeview Baptist Church - 2010 Yuma Mrs. W. H. McMillan 91 The Beachcomber - Lake Worth Mrs. 0. D. Carroll 92 Boy Scout House - No. Fort Worth Christian Church - 25th and Chestnut Avenue W. P. Higgins 94 Arlington Hts. Elementary School -5100 El Campo Mrs. Helen Billingsley 95 Tillery Grocery & Mkt.- 2202 Forest Park Blvd. Mrs. Owen Jones 96 Goolsby Drug Store - 2263 College Avenue Mrs. D. E. Wheeler 97 George C. Clarke School - 3300 S. Henderson Mrs. S. B. Lewis 98 S. S. Dillow School - 4000 Avenue N Mrs. H. L. Taylor 99 Handley High School - 2925 Haynie Mrs. J. P. Parker 101 Amon G. Carter Sr. High School - 3301 Yucca Mrs. C. R. Albrecht 103 North Hi-Mount Elementary School Mrs. W. B. Renfro 3801 W. Seventh St. 104 Fire Station - 4700 Wichita Mrs. James Kuykendall 105 Fire Hall - Meadowbrook Drive & Oakland Mrs. Mary Epperly 107 Memorial Christian Church - 805 W. Dickson Mrs. W. E. Walton 108 Fire Hall - University Dr. & Berry St. J. Bob Roberbe 109 Oakhurst School - 2700 Yucca Mrs. R. E. Duke 110 Fire Hall - 1905 Belmont Mrs. J. H. Hallmark 113 Huffman's Camp - Lake Worth Mrs. C. C. Witt 116j Crestwood Elementary School E. L. Thompson 137 3600 White Settlement Road 117 Bluebonnet Elementary School Mrs. Roy Douglas 3201 South Hills Drive 118 Ridglea Methodist Church - 6036 Locke Howard Brenta 119 Baker Bros. Nursery Mrs. T. M. Cunningham 105 N. Chandler 120 Bob White's Feed Store - 5500 Camp Bowie Blvd. Mrs. J. Bob White 122 Grace Baptist Church - 2560 Dodge Avenue Mrs. J. E. Nelson 123 H. Y. Helbing Elementary School Mrs. Fred Daniel 3524 N. Crump 124 Mrs. George Kuykendall's Reiiidence H. T. Bibb 2315 Goldenrod 125 Trinity Baptist Church - 620 Churchill Rd. M. 0. Lawyer 127 Dunbar School - 1601 Liberty W. E. Logan 129 Ridglea Country Club Foyer R. L. Burton 3700 Bernie Anderson Avenue 130 Charlie Hillard's Residence - Garage William D. Morris 3801 En Canto 132 Eastland Elementary School Donald L. Allie 4016 Eastland St. 133 South Hills Elementary School - 3009 Bilglade Hugh Sloan, Jr. 134 Westcliff Elementary School - 4300 Clay Claude D. Dickerson 135 Alta Mere Baptist Church - 3200 Ramona H. A. Worlow 136 Wycliff Elementary School - 4920 Dilworth Sam H. Latimer