HomeMy WebLinkAboutOrdinance 118 CROINANCE 110.An ordinance pursuant to Section IS, Uhrptei- VTTT,
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of the City Charter of the City of Fort 4Yorth, and an
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election held thereimder, on August 19, 1909, in the said
City of Fort 'forth, authorizing the creation and issuance
of Six Hundred and Fifty Thoucan;l Doll3,rs (�650,nn0.cc )
of the bonds of the corporate government cf the City of
Fort Worth, to be known as "Series 13 Police and Fire
Bepartntcrit Bonds," Series 14, Street Improvement Bonds,"
mad "Series lb, Lights, Sewerage and Waterworks Bonds;"
all of said bends to be in denominations of One Thousand.
Dollars (�-1,000.00) each and bearing interest from date
at the rate of�__ y ner cer_tur,, rr v ,;nrrar_n,
payable .:semi-caa�rru,lly ��ith co pon interest notes attached;
said bonds to run for a. period of forty (40) years, but
redeemable at the expiration of twenty (20 ) years, or any
into rest-paying period thereafter# and providing for the
levy of a tax for the creation of a sinking fund and for
pa.yrient of the interest on said bonds, and
^:HTREAS, by the terms of Section 18, Chapter VITT of
the present Oharter of the City of Fort [forth, enacted
by the Thirty-first Legislature of the State of Texa..,
among other authorities therein giver_, roger is in' eas
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conferred on the Board of (gommissioners of the City of
Fort Worth to issue bonds for any la Tful nur,icira.l purpose;
provided that no bond shall. be issued nor bonded debt
created, unless authority therefor shall first be subs i t ted
to the qualified voters mho pay taxes on property in said
City of Fort t*crth, and
»fiERLAS, on the loth day of August, A. ;). 1n0 , _paid
Board of Oonmissioncrs, pup:u ult t,-, tho afor�-sn,.3_d charter
provision, by resolution of that date adopted, referred the
uia.tter of said 'bond issue and authority to enact an ordinance
therefor, to the qualified voters of the Uity of port ?"forth
ti,ho are, and were tax paying property owners in said City-,
a. . all election held for that purpose in the various wards
of said City, on the 19th day of August, A. $. 1909; and,
WHEREAS, on the 19th day of August, A. D. 1909 an
election was duly and legally held in .the said City of
Fort Worth, in the various wards of said City, at which
was submitted to the qualified tax-payiLIF voters of said
City, the matter of the issuance of said bonds in the
following form, to-wit;
"For Bond Issue of Sixty-five Thousand Dollars (^"G5,nn0.oc)
for Additions to and Improvements of the Police and Fire
.Department., One Hundred and Thirty-five Thousand Dollars
M35,000.00) for Streets and Public Thoroughfares, and
Four Hundred and Fifty Thousand Dollars (A450,n00.00 ) for
the Sewerage, Waterworks and Lii'hting Syster,s; such bonds
to run for a period of forty years, 'with the privilege of
redemption in twenty (20) years; to be sold at not less
than -oar, and to bear interest at a rate not exceeding
four and one-half per centum (415) per annuir,, payable semi-
annually;" "Against Bond Issue of Sixty-five Thousand
Dollars (165,000.00 )far, Additions to and Tmprovements
of the Police and Fire Department, One Hundred and Thirty-
five Thousand Dollars M35,000.00) for Streets and. Public
Thoroughfares, and Four Hundred and Fifty Thousand. Dollars
(�,{450,000.00 ) for the 0ewerage, Waterworks and Lighting
Systems ouch bonds to run for a period of forty (40 )
years, with the privilege of redemption in twenty (2n )
years; to be sold at not less than par, and to bear interest
at a rate not exceeding four and one--t:� f per centum
per annum, payable semi-annually;"which said election
resulted as follows:
"For the issuance of said bonds for the purposes and
in the proportion above specified, 61`3 votes;"
the same, 11P votes." and
WHEREAS, on the 21st day of August, A. D. 1909, at a
meeting; of the Board of 0ommissioners of the city of Fort
Worth on said date, returns of said election were duly
canvassed and the vote counted, and the resolution
declared as hereinbefore specified.
NOW, THEREFORE, BE IT ORDAIETM BY THE BOARD OF
COMMISSI01MRS OF THE CITY OF FONT 7,7ORTH:
Section 1: That the Llayor and City Escretary of the
City of Fort Worth be, and they are hereby authorized
alid directed to prepare and execute in the nviie of and
for and on behalf of the dity of Fort Toth, and under
its corporate seals as the obligation of said City, bonds
of the corporate government of said 9ity, iAMch shall
be known and denominated as "Series 13, Police and Fire
Dopartment Bonds of the Agg,rep,'ate Principal Sum of
Sixty-five Thousand. Dollars (`�65,^n0.00 )," "Series 14,
Street Improvement Bonds of the Aggregate Principal gum
of One Hundred and Thirty-five, Thousand Dollars
"Series 15, Lights, SeTerage and lVaterworks Bonds of the
Aggregate Principal Sum, of Four Hundred and Fifty
F'iiousand Dollars (`�480,000.00);" and all of said bonds
of each series shall recite upon their face the purposes
for which they are issued, and shall r•ef r to the pro-
vision of the (pity Charter and this ordin,-u,ce as
authorizing seine.
the event that such Bank shall be non-existent or go out
of business or fail or refuse. to act, then the said moneys
shall be transmitted by the said Treasurer of the City of
Fort Worth to the Fiscal Agent of said City, residing in
New York Uity, State of New York.
Section 7; This ordinance shall take effect and be
in force from and after its passage as prescribed by
law.
Ihereby certify that the above and foregoing ordinance was (Ilily presented
and ?xnanirciol_zsly passed by the 'Board of Commissioners of the City of Fort
Worth at a regular session of said board held September 7th, 1909.
City Secretary.