HomeMy WebLinkAboutOrdinance 1637 rvv i'. F/f rY
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ORDINANCLO 110,. 1627, PASSED A1,11) ADOPTSU) BY lkkil� CITY
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OTMOIL 011 "VILO" 3LI) DAY OF 00TORWRI, 1929, Bl
WMER ;AS, Ordinance No. 1627 provides that the bone
artxthorized to be la sued b :paid (Drdinance, togetkier with the
interest on said bonds, are e`gti eb'f at the ffice o: the
llanover Nationtil Batik, New for k Gity, Mrs
said bank has censer), to iet end its af-
fairs have bee . taken ove.ir by the r,�tr al HAnover Bank Arid Trust
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BE IT ORL)AIRSI) B1 TELW CITY uOURCIL OF VITY OF
FOR WORTH.
SECTION I
That doctloi'is 1 and 8 of Ordinance lao. 1627, passed
at a regular moeting of the City Courtoil, of 'the City of leort
Worth, Texas, on woftesday, the 2%3rod clay, of' 001;obez, A. D. IM,
be and the samo are horeby amended aurft,' after being so amended,
shall read as follows:
That pau stwcnt to 1*0tioa 19 of Ulhapter XXV of the
Charter of the City of I'Vort earth, adopted 'by t1is qualified
voters 'within the corporate lindto of said Vity on tho 11th
day of i)eeadlaer, A. D. 19,124, and the laws and, conatitution of
the state of Toxas, and ptu,waant to a vote of the resident
property tat paying voters of tfxe City of , t Worth at an
election hold in said Citr for sur,,oh purpose on tho 2tth day of
June, A. 1). 1929, that t"he ukunleipal governmeut of t1w City of
fort wortb. issue J.ts oorpc)rete, nagotiable coup oti bonds in the
prinoipal sum of iDne flundrod and Fifty ThOUSAIld L'011exa
(;150,000.00) out of an as tho�rjzad Issue at said election of
Two aillion .dollars (1'42,000,000-00), and whieb authorized ,issue
is Unovsa as trios 56 and designated as ""Street Improvement
Bonds" , and the bonds so to 'tae issued skmll bo ip the denomal"tion
of One Thousand (41,000.00) mach, dated Novotaber Ist',
1929, bearing interostat t1ja rate of four and' ttuooe fourths
laor cent per annum, payable semi-arutually on the let day of
Alay and november of c,asdbl year respectlively', both prineirml and
interest of said bonds boizilg pays"ble at ehi CorjtVjj- Rjkj'j&V#,V.....
Bank and Trust GlompanV, In the Ulty of New iork, btate' of low
lork, 'the sewl-annual interest baln oxidtnard, b, tMoorpt eou-
Pons attached thereto, all of said ton, Is "10 eisou 0, or
and on behalf of the City of ;kPort wortb by the Mayor thereof,
attested by its City the seal of the
Cif,y thereon duly impressed, tact the interest eoupons to be
executed with the lithographed ftesimile sigzisture of the may"
and City 6ecretary-Treasurer of tkie City of Fort Worth, each of
said bonds and ooupoAs tfl,,iall be nagotiable ank"i payable to
bearer, and said bonds shall 'be nZierod in the way, and ma war
hereinafter set out' maturing five (5) years from the date thereof and aonually thereafter er until tha lea,b ,t n
g bond
shall.,teo ome payable within fortq, (40' ), years froze, the date hereof,
and the bondis thazziselves, U4 durtdred and nifty (150) in nlvib,6r,
shall be n=bOrod ca nseautively from one (1) to one hundred and
fifty (150) inolusive, said shall mature in the arnount and manner
harelp,after set out; said bondo, siJasll be used for tiva purpose
of making periannent improvements 'by eanstanioting, ex"teAftug,
and i proving the streets, thoroughfares and starm sewers of
said City'.
That the general form of said bonds and, the coupons
thereto annexed And the interest added to said bonds shall be
executed wibstantially in the folloving form:
100
rM1VNrrry
That the City ,so ere tary-%Ire a,aurer of the Vity of
Vort, wort ho or other lawful euxtodida of auch fuxiA, during the
months of April a nd Oetober of mnaek axid every year dtwing the
life of said loonds or part t1mr nno f, and. r„mt later ray than the P.Oth,
day of each of said montba, shall t ra amait sufficient money out
of the interest f d Iiereirsbefore drdat d, for the paya t
the aami-annual interest arar ins on said boxids, to tbe OfttrAl
NAW r3.Bann . and Trust Compa f t2te city of Now xork, Stake of
how° loIrk, and likewise proper remd,tten,Oe aba,11 'be mode In due
coures to provide for the fa rmnnnnt of t1to prineipal of an or
said bons in td ann, e of the mf°cu,i ) of sannnnr
8301110H 11
This ordinance shall 'take effect and be in foree frox
and after the data of its passage, and it Is so ordained.
Ity Attoirney
Williant Bryce, xsjor,, presidlLg at said. meeting,
submitted t1te toot'lon to adopt sixild ordinqtLOO and, all of the
clouncilmen, including the uiayor, voted "Aye" thereon and none
vated "Ho"`, whereupon 1,ba mot zi to adopt the ordinanice was
declared to be wjFjj�j,mo,�jsjy passed a,nd, adopted.
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