HomeMy WebLinkAboutOrdinance 1019 P/I
ORDINANCE ROVIDING TAX TO PAY FOR STREET IMPROVEMENTS
ABUTTIFG HILLSIDE PARK
WHEREAS, contract is about to be made with the West Texas
Construction Company for improvement of Magnolia Avenue, abutting
feet on the Hillside Park for which the City will owe
approximately $7,500.00.
THEREFORE, be it ordained by the Board of Commissioners of the
City of Fort Worth, that:
1st. To provide interest and create sinking fund to pay for
said work, abutting said park, there is hereby levied, and shall
be assessed and collected for the years 1924, 1925, 1926, 1927 and
1928, a tax of and at the rate of Two & one-half Millen the One
Hundred ($100.00) Dollar valuation of all taxable property, in said
City, and said tax at said rate or so much as shall be necessary
shall be annually levied, assessed and collected out of the Park Fund,
while any part of th money to become due for said work, either prin-
cipal or interest is unpaid, and upon completion and acceptance of
said work, a warrant in evidence of the sum due shall be issued
payable in five equal installments, one on Jute lst, 1925, ore on
June 1st, 1926, one on June 1st, 1927, one on June 1st, 1928 and one
on June 1st, 1929, with interest at 6 per cent per annum, with coupons
in evidence of the several installments. Such warrants shall be
appropriate form to evidence and show the amount, terms and character
thereof.
That this ordinance shall take effect from and after its
passage.
Passed and approved this the day of 1924.
tdayor City Secretary
Approved as to form
City Attorney.
t�