HomeMy WebLinkAboutOrdinance 640ORDIVANCE NO
A,N ORDINANCE to provide for the piirobase of eight pieces
of fire apparatus to 'be used In the fire departwerit of
the city of Fort Worth.
THEREAS, the Board of Commissioners of the Oita of, Fort
Worth is desirous of purchasing from the AmeTioar4 LaFrance Fire
Engine 0oupany, Ito., eight pieces of fire apparatus, and
77HEREAS, the American LaFranoe Fire En: ine Company,1no.,
has heretofore made a contract vrith the City of Fort Worth for
the 'Purchase of said fire apparatus, subject to the ado%,)tion of
the stuzo by ordinance, and subject to the provisions of payiLent
to be made by this ordinance;
NOW, TM,"REFORE, BE IT ORDAVUD BY THE BOARD OF COMMISSIONFPS
OF THE CITY OF FORT 7URTH:
Section 1; That the Goutraot hereto attache4,te-ndared by the
American LaFrance Fire Engine Cu4gpany, 'be and the same, is hereby
AM
aooapted by the City of Fort Worth, which said contract provides
for the purohase by the City of Fort Worth of eight, pieces of
fire apparatus,froti t' e said American L&Franoe Fire Engine Cozf,,q,-aLny,
Inc., and further provides for the issuRnoe and execution by the
City of Fort Forth of five (5) negotiable notes in the own of
$14,810.00 each, nizitared from one to five conaeoutively, and
payable as follows: One note on October the let, 1SIV, and one
note on each first day of October sucoeading until all of the
said five notes have beexi takeii up and paid by the City of
Pott Worth, all of amid notes being payable to ttia order of the
Aiaeriow,i LaFrance Fire Unixie Cowp,=iy, lao., with, a1z per oent
interest per annum from dute uritil
Seotiou 2. That iii , order to provide for the payment of
said notes, as set out in Section One of t".nkis ordinanoe, and to
1,,)wovide for the paytaerit of the iii, ores thereon, Lind the creation
of a necessary sinking fund, there is hereby w,
ppropriateld out of
the revenues of the City of ]F'ort Wworth, suoh ajacunts as way be
necessary to pay the said five mentioned notes of Indebtedness
horeinbef ore 'provided for, to wit: 0210 note PPLl11'bl.e October lat,
11)11a, In the amount of $14,810.00, one note of like arzourit payablo
on October 1st, 1920; one note of like twount paymble on OotobaT
let', le"21; one note of like, wpa,ou4,A payr%ble October lot, und
one note of like amount payable on Ootaber let, 1623, all of Whioh
shall provide for Interest at the rate of six per cent per annum
from date, which shall be dated as proposed and set forth in the
contract for the said negotiable notes vrt,riolni are now hereby
authorized to be Issued.
Section 3: That whereas, the total ad valorew. values of
all the property In Fort Worth, real, .personal and mixed, subject
to taxation by the city of Fort Worth, acid not exempt frw4i taxation
by the laws of the State of Texas, now w.,,ounts to 08 2,336,310.00,
there is hereby levied and set aside out of the taxes and tax levy
of the City of Fort Worth for the year 1919, the amount of 1.8 cents
on the 4100.0c, Grf the assoosed Val-amti(")n on all property, reel.,
personal and mixed, subject to taxation by the city of Fort Worth,
and not exempt by law from municipal taxation, to provide for the
interest and a sinkitig 'fund on the above named contract, and the
said tax' or so such thereof as may be necessary for the payment
of said Interest, the creation of a sinking fund sufficient to take
up said notes as they maters, shall be annually assessed, levied
and collected during the life of such notes, and if at any time the
said tax shall be insufficient for such purl; uses, then It shall be
the duty of the Board of Owmissioners, or other governing body of
said City of Fort Worth, to set apart and appropriate such additional
&4iount of money out of the general revenues of the city as May be
requisite to supply the deficiency until all interest shall have been
paid, and a. sinking fund suffioient to take up said Tiotes shall
accumulate as required by the Constitution of the State of Texas,
and the C"'harter of the City of Fort Worth.
Sect ion 4: That all ordirmnoes, or part of
ordinances inconflict, herowith tc, the extent that they are
in confliot herewith, are hereby repealed.