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HomeMy WebLinkAboutOrdinance 3170 ORDINANCE NO. AN ORDINANCE PROVIDING FOR THE APPROPRIATION OF SIX THOUSAND, NINE HUNDRED DOLLARS ($6,900.00) FOR THE PURPOSE OF PAYING THE FIRST SEMI-ANNUAL INSTALLMENT OF INTEREST ON FIVE HUNDRED THOUSAND DOLLARS ($500,000.00) WORTH OF PLAYGROUND AND RECREA- TION PARK BONDS, SERIES 87, AUTHORIZED TO BE ISSUED BY ORDI- NANCE NO. 3169, PASSED AND ADOPTED ON WEDNESDAY, THE LOTH DAY OF MARCH, A. D. 1954. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT liORr4,. TEXAS: SECTION 1. That the sum of Six Thousand, Nine Hundred Dollars ($6,900.00) be appropriated out of the unappropriated balance in the General Fund of the City of Fort Worth to pay the first semi-annual installment of interest to be due and payable on the first day of September, A. D. 1954, on negotiable coupon bonds of the City of Fort Worth, Texas, authorized to be issued by the City Council of said City by Ordinance No- 3169, on Wednesday, the loth day of March, A. D. 1954, in the principal sum of Five Hundred Thou- sand Dollars ($500,000.00) and being designated as "Playground and Recrea- tion Park Bonds," Series 87. SECTION 2. That the appropriation herein made shall be transferred and placed in a separate fund and shall be devoted to the payment of the interest on said bonds when said interest becomes due and payable, and shall not be used, applied or diverted to any other purpose or object whatsoever. SECTION 3. That this ordinance shall be in full force and effect from and after the date of its passage, and it is so ordained. APPROVED AS TO FORM AND LEGALITY: City Attorney of the-City of Fort Worth, Texas ORDINANCE No TitleL Dates Filed Day of 19 - City Secretary