HomeMy WebLinkAboutOrdinance 1639 4
ORDINX14CS, 140
J!uXNABfi ` A U,Jlj.JiQ, 8W.011°1 . "3. iiltll) "
OR I N04 NO. 62P, ?"ED iJju g OFz.0 Bi wIxEU, ..CI TX
COUNCIL ON TEIL4� �i 1� A OP a��"�.G�w�1�w t, 3,929, Y.
PRO,
Qvidiziance vo. 1629 provides hat tape bond
autiiorizea to be limamisid by lima said Ordlmance,, together, with V.va
inte1* 0 Baal Said id a as aa, axlo payable a or the
hanover National Bank, New mlk Ui t , and
HER& m , said bank, bas aeased to exist and Its of
fai is have been taken Ira ' by the CezAraai, aaanover Bank and °la. lst
Qompany,
NOW, VWUNVOhS,
10,011V "OTUH:
rs
That bectionn I UW 8 of (Drdinance 1go. 1629, Passent
at a regular vleetir"kg of thc,'� ("'Ity !touft,Oil of tile" Uity of eort
worth, Texas, on wednesday, tile 253,4d day of October, A. u. 1929,
be and the SAMO RrO hereby 61n,811ded aild, after being 00 Mended,
Shall read as follows:
6ection I
That Purau,artt to �jec,tjtjjj 19 of �0,h pto�r � XV of t
01arter of a KL h nn
"the ("'V of adopte d by thwe qualified
voters within the 0011,n01*ate litaits Of said Ulty, on dle 11th,
d,ay of Decembsx,, A. J). 1924, and t)je laws and constitution of
tine tate of ToZzailsl and purwjarit to, a vote
Prope"r, Of the residont
ty tOM PaY Dg voters of tine njjty, of jrox,t St an
OleCtion held in sill c3ty for staoh,
June, s. 'j. 1,9290 that the i,,aunj ' PUrP0,20 On the 25th day of
011oal goverwent of tile (;it' of
sort wtorth 11asue its Corporatie nefetlable coupon boad; 111 KhO
principal sum of One Muidred iftY
(Vl500()0()*()rC)) Out, of tin wathorized issue at sa1d, eleo0 tj n of
Five Hundred Thousand W11ard (t,5oo,000.0)), arAd w'jjjoh authorized
i"W Is knOln' &0 Mlriea 58 and, d0aih;netad aS "A1,1*Port Bonds,"
and 'the bonds so to be issued staneli bo In tine denoraizistion of
One Tllousan(t 1- .lams (411,000-00) f0a,011, dated 114ovembe,r, l3t
1029, bearing interest st tjjgn ril 0 01, f,01,1,r� a " four 4d
t snit thres ths (411k%)
PO,r 0ant, Per an ,=, payable 0�1j tine 13�- day o'f'
May and Novolaigoq, mf nngjg,*,,j r 04 wly'.- bloth PrIllaol-P,92 and
,:% yea� jes�p q,,j, 0,
Laterest of said bonds beitig 11
'j central liall'over
9ar4c and Trust Company III 'tine (3ty of lieu iaric, state of 14ow
York, tone sefai-aAnlxal irktOrOst being evidenced by interest coti-
pons attacbed tklereto, 0,11 of sal d bonds to to a
�nd
an bettelf of tjne UitY Of Vort Wort),,t by Vhe Mayor thereof, at-
tested by, its CitY 23a ere tally-TrIs WitIl the seal of the
twit y thereon duly Intpressed, but L4,,to Lnterast waupoils to be
exec-ated with the lithographed ftosimjl,e sign e f hm ivia or,
,,, atur, o t y
az%d City of City of Yort worth, enoli of
said bonds slid coupons Waall be nor
' gotlable and payable to bearer,
and said bonds rihiall 'he numjnered 1,h time a, " and niazater herein-,
aft'ar set out, Maturil%A! floe (5) years frora time date Waarcof rjzi�l
allnuallY thtwreafter wtftl the last zatixzting 'bolld ishall becomo
payable wIthin forty (40) yt,,.,sr,3 V,om ttus date tharrawf, and the
bonds thernaelvo,,ja, Otte 11=,dred anti i0ifty (150) I.xi nwabjerj shall
be niz1ho.'red conseoutively from, one (1) to one hwidred, mid fifty
(150) iuL�Iuslwi, and shall matarve in the amount and, nzanner,n here-
, aidl be for purpose of
iafter set out* S bonds sal u for t
"I permanent Ln rovotsents 'b eonstrticting, extandin f and
124pkl� Ing the stireats, tboro _ hres and storia severs o said
city.
That the general form of joiald bonds and the coupons
thereto antozed suid, the interest, added, to said 'bonds s1 all be
executed substantially In tkte following form:
'Off This ordiriazwe skiall take affect and, te, in force from
and af'ter the date of to passage, and it is so ordained.
if&PPROVIO AS 1110 FORM,:
..
submitted the motion to adopt t sait a idkruuice and all of the
eeu ef.lmon, ine1w. n the a%a or, voted "rya" thereon and none
voted "No", where,upon t1w motion to ante t the oxtdi anoo Was
deeda ed to le unanimously uaiy passed and ado to .
s mmoumum nn m noiaar�w6fwlTmarr rl(rr�Jru .r .. .,, „, „>„ _
That the City tweretary-Treastarer of the City of
Fart aortn, Or tfIrar I'awrul Gustodian of amts f'afa'aat, cf rira the
MO' thS Of April and Ootdbmr, of aac imaf e ory year 'during the
life of said borate or part ttjortaraf", and not I aata r than n th 20t
day of each of said, months, aaja�sij taaa aaaaait, suff , i rt lwrley out
of the interest funds hero ira`taaforaa aara aat at bar the ft t, of
tlia, aoml-annqal Interest. aaecaraxing on said " aaa ls, to tbe Central
tuna aa,'r ar,& and �i°r as t tmilpaany of the Litt' of New x0l4k, bt atar or
goer fork, and likewise roper r mittaame tiaall f� aaaf; In dus
course t provide fo °& aynert Of the prin ifi l of any of
said bonds in aadvaaraaae of the maturity of vase