HomeMy WebLinkAboutOrdinance 2944 ORDINANCE NO.
AN ORDINANCE PROVIDING FOR THE APPROPRIATION OF THIRTEEN
THOUSAND, THRELO HUNDRED TWELVE AND 50/100 DOLLARS ($13,-
312.50) R THE PURPOSE OF PAYING THE FIRST S"ENI-ANNUAL
INSTALLMENT OF INTEREST ON ONE MILLION, TWO HUNDRED AND
FIFTY THOUSAND DOLURS ($1,250,000.00) WORTH OF STRa,T
IMP,OVENF T BONDS, SERIES 84, AUTHORIZED TO BE ISSU& BY
ORDINANCE No. 2940, PASSED AND ADOPT0 ON WEDNESDAY, THE
27TH DAY OF FE;BRUldlY, A. D. 1952,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, T=S:
SECTION 1.
That the sum of Thirteen Thousand, Three Hundred Twelve and 50/100
Dollars ($13,312.;50) 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 Septem-
ber, A. D. 1952, on negotiable coupon bonds of the City of Fort Worth,
Texas, authorized to be issued by the City Council of said City by Ordi-
nance No. 2940, on Wednesday, the 27th day of February, A. D. 1952, in
the principal sum of one Trillion, Two Hundred and Fifty Thousand Dollars
(°$1,250,000.00) and being designated as "Street Improvement Bonds," Series
84,
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 3a
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 FUM4 AND LEGALITY:
r
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City Attorney of the City of Fort
Worth, Texas