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Home My WebLink AboutOrdinance 2548 ORDIVARGR .J'�>4 111D G WR THSISISUIANC141,011, COV111", 0"UON, THE PIUW;� ffiVb? FOR 110'' DMW MD MUMS (0 25 coo co) wwt SEMG G tit AS t t t"t ?t AND I I! " IT H0 P *3 hlD ibFPSKOIXG THE t S, ` its DRAIttatt 0? ..� 11, ANNt A 01 IO St ��t��t" ODS " �'tt P00 Suds' uts 01) S taint ? r( BE N �"�'��' �t�m , tµ tt t "� t�t� '�tctttttttt�,d� LS Ta B3 DATSD A 1 9,10, X 48, r ; F,' n (1), ( 5)' EkAl, Yaw, T"'14p; am,%, ,"; #tawr 1,110M tt "" ° � � ,� "0 xYx),0'0war job loom T AT Tilt RATE, ',t ct«�a ,:N>r�"tt>�tw twr tete �wt��tt t�l�t�t,.�� +K��Ni D ;»pmt =01 A vm� ,trx.;µNG �'ND YOR , �,f�ryypp;+%+fir", PXY ,` "w.`'`F p 11, �ryi mYp(I�a�'�ppl"'� r �W�°5�;gti�W. 4'„gip hAS �p,�( iw N��a'gW�%ZliIM F" A"rXk0 41, �wS �t tt1NO /��q�"Iv�N, m Ni�.�ri RD',v!�0C9 1(AL' �"JV , Pau SAW& �t�t) t�F*TW TVPil wt �6 t 10=8. 11MMA, on the 5th t1ay of Srtwitwuutber, A. w. 1945, pursuant to the au- th riitr vesied In said City Lwy Sartwion, (� of Chaptor XXV of the Charter of t1to City of F'ort Wbrthj adopted by the, q4aliflad voterawithin thatt lio#s of sartwi City, on, tbo ttttw doy of December, A. Do A94i awl the laws rat *nr., agitation of th t t of =s, 15w My Gwwuatl of the, City of Fort WoKh, Tvzxs,r by,aa ordinvice of that date, d1 tted the sutrutw t ' a�� ftftl 01edtorzww) r w 'ta=Aa uwopwt in tho ctbr of fort Arth, ;, aQ,who havedaly repdered tjie swLe for t, wwat urn,, at iia election W be 11,01A I.Isai'd, 01tyon,the 2;d day of Ootd6or, A. Do 19450 bf the Qhtr, pww"wt utw a ri/ty"of Vw htr"Cou ndt„t, of the Oity Fort Wt.tw, Texas, to Iasi m ne- g6tiable,coupon boAds of the oorparate government of oald City-An the "turtw ob. Pal suln of Nine, yill;lan Aflars (49 ,000,ODD.00) for tie purposeof awr nstrrwwrt- in&, improving and extending the streets, thoroughfares and storm sewers of said City, including in such permanent public improvements the straighten- ing.. widerangp paving, grade separation, lighting and drainage of said streets and thoroughfares, and acquiring the necessary lands therefor for said City; and, WUMS, in conformity with said ordinance, the YAyor of said City did make proclamation of said election and fixed the date thereof for the 2nd day of October, A. D. 1945; and, WHEMAS, said election order and proclamation thereof were prepared- and reparedand published in the manner and for the time prescribed in said ordinance; and., WHXM3, on the 2nd day of October, A. D. 1945, said election was held in the City of Fort Worth, Texas, at the respective polling places desig- nated in the election order, at which said election the issuance of said bonds was submitted as a proposition to the qualified electors of said City who own taxable property'in the City of Fort Worth, Texas, and who have duly rendered the same for taxation; and, WUREAS, the official ballot on said occasion, in conformity with the ordinance of the City Council hereinabove mentioned and in accordance with the order of said election, in form and in substance reads as follows: OFFICIAL BALLOT 11 Shall the City of Fort Worth, Toz, ", through its City Council,, issue its negotiable coupon bonds in the principal sum of,Nino M-1,11ou Dollars, ($9,000,000.00) for the purpose of constructing, improving and extending the streets, thoroughfares and storm sewers of said City, including in such permanent public improvements the straightening, widening, paving, grade separation, lighting and drairAge of said streets and thoroughfares, and ac- quiring the necessary lands therefor, said bonds being payable evaly as may be determined by, the City Council,, so that, the last maturing bonds, shall become payable within forty (40) years from the date thereof, bearing inter- est at, a rate-not to exceed four per cont, (4%) per annum from the date there- of, payable semi-annuallyy) and levy a sufficient tax to pay the interest on said bonds and create a sinking fund sufficient to redeem said bonds at the maturity thereof?' FOR the Issuance of Street Improvement Bonds. AGAINST the Issuance of Street Improvement Bonds. II Shall;the City of Fart Worth, Texas, through its City Council, issue its negotiable coupon bonus in the principal sum of Two Million, Five Hundred Thousand Dollars ($2,5,00,000.00) for the purpose of establishing, equipping, extending and improving municipal, airports and lung fields for airplanes, aircraft and other aerial machines, aqui acquiring the necessary lands there- for, said bonds being payable serially as may be determined by the City Conn.- oil,, so that the last maturing bonds shall become payable within forty (40) years from the date thereof, bearing interest at a rate not to ezoeed four per cent (4%) per annum, from the date thereof, payable semi-annually,-„and levy a sufficient taut to pay the interest on said, bonds and create a'sinking fund sufficient to redeem said bonds at the maturity thereof FOR the Issuance of Airport Bonds, AGAINST the 'Issuance of Airport Bonds,, III* Shall the City of Fort Worth, Texas, through its City Council, issue its negotiable coupon bonds in the principal sum of Two Million Dollars ($2,0000,000.00) for the purpose of improving, extending and, enlarging the sanitary seater system and sewage disposal plant of said City, and acquiring the necessary lands therefor, said bonds being payable seri l ,;ae,uay be determined by the City Council,” so that the last maturing,„bonds shall become payable within forty (40) years from the date thereof, bearing interest at a rate not to exceed four per cent (4%) per annum ,from the date thereof, payable semi-annually, and levy a sufficient tax to pay the interest on said bonds and create a sinking fund sufficient to redeem said bonds at the ma- turity thereof?`( FX?R the Issuance of Sanitary Sewer System and. Sewage Disposal Plant Bones. AGAINST the .Issuance of Sanitary Sewer:System and Sewage Disposal Plant Bonds. IV Shall the City of Fort `forth, Texas, through its City Council, issue its negotiable coupon bonds in the principal sus of Three Million Dollars ($3, ,OW.00) for the purpose of improving, extending and ealarrging the water works and water works system of said City, and acqui.ring, the necessary, lands therefor, said bonds being payable serially as may be determined by the City Council, so that the last maturing bods shall become payable with- In forty (40) years from the date thereof, bearing interest at a rate,not to meed four per cent (4%) per annum from the date thereof, payable se sally, and levy a sufficient, tax to pay the interest on said bonds and create a sinking fund sufficient to redeem said bonds at the maturity thereof?' FOR the Issuance of 'Nater Works Bonds, AGAINST the Issuance of Water Works Bonds. V Shall the City of Fort Worth, Texas, through its City Council, issue its negotiable coupon bonds in the principal sum of Three Hundred Thousand Dollars ($300,000,00) for the purpose of oonstructing, building and equipping a police station and. Jail building, said bonds being, payable serially as may be determined by the City:Council., so that the last mat kng bonds a ll be- come payable within'forty"(40) years from the date thereof, bearing, interest at a rate not to exceed Four per cent (4%) per annum from the date thereof, payable semi.-annually, and levy a sufficient tax to '.pay the interest on said bonds and create a sinking fund sufficient to redeem said bands at the ma- turity FOR the Issuance of Police Station and Jail Building Bonds. AGAINST the Issuance of Police Station and Jail Building Bonds. 1 . Shall the Citic of Fart Worth, Texas, through its City Council, issue its negotiable coupon bonds in the principal sum of Seven hundred Thousand'; Dollars ($700,000#00) for the purpose of purchasing, acquiring and improving land and property for public parks in said City, said bonds being payable serially as may be determined by the City Council, so that the lust matur- ing bonds shall become payable within forty (400) years ,from: the date there»- of, ,bearing interest at a' rate not to exceed four per cent (4%) per aanin from the date thereof, payable semi.-a=vaally, and levy a sufficient tax to pay the interest on said bonds and create a sinking fund sufficient to redeem said,bonds at the maturity thereof FOR the Issuance of_Park Bonds. AGAINST the Issuance of Park Bonds. VIh, Shall. the City of Fort Worth, Texas, through its City Council, issue. its negotiable coupon bonds in the principal sum of Five Hundred Thousand Dollars 4500,000.00) for the purpose of purchasing, acquiring and improving the playgrounds and:recreation parkas of said. City, said bows being payable serially as may be determined by;the City Council, so %,;the last maturing bonds shall become payable within forty (,tap) years from the date thereof, bearing intent at a rate not to meed four per cent (4%) per aroma from the date thereof, payable semi-annually, and levy a sufficient tax to pay the interest on said bonds and create a sinking fund sufficient to redeem said bonds at the maturity thereof? FOR the Issuance of Playground and Recreation Park Bonds. AGAINST the Issuance of Playground and Recreation Park Bonds. VIII. Shall the City of Fort Worth, Texas, through its City Council, issue its negotiable coupon bonds in the principal sum of Eight 1Hndred Thousand Dollars ($800,000..00) for the purpose of constructing, building and equip- ping an art and childrenas museum for said City, and acquiring the necessary land therefor, said bands being ;payable serially as may be determined by the City Council, so that the last maturing bonds shall becomepaytblo within forty (4,0) years from the date thereof, bearing interest at a rate not to ex- ceed four per cent (4%) per annum, from the date thereof, payable semi-a ually and, levy a'sufficient tax to pay the interest on said bonds and create a sick- ing fund sufficient to redeem said bonds at the maturity thereof FOR the Issuance of Art and Children Is Wuseum Bonds. AGAINST the Issuance of Art and Children's Museum Bonds, IX hall the City of Pert Worth, Texas, through its City Council,, issue its negotiable coupon bonds in the principal sum of'Five Hundred Thousand Dollars ($300,0O0.00) for the purpose sof constmeting, building and equipping a recreation center building and amphitheater for said City, and acquiring the necessary land therefor, said bonds being payable serially as may, be de- termined by the City Council, so that the .last maturing bonds shall becomes payable within forty (40) years from the date thereof, bearing interest' at a rate not to exceed four:per cent (4%)'; per,, ua from the date thereof, pay- able semir-anmall,y, and levy a sufficient tax to pay the interest on said bonds and create a sinking fund sufficient to redeem said bonds at the Oa- turity thereof' MR, the Issuance of Recreation Center Building and Amphitheater Bonds. AGAINST the Issuance of Recreation Center Building and Amphitheater Bands. X Shall the City of Port Worth, Texas, through its City Council, issue its negotiable coupon bonds in the principal slum of One Million, Five Hundred "thousand Dollars ($1,500,000.00) for the purpose of:constructing, equipping and improving agricultural and livestock exhibit buildings for said City, end acquiring the necessary lands therefor, said bonds being payable serially as may be determined bar the Citi* Council, so that the Last maturing bonds shall become payable within forty (40) years from the date thereof, bearing inter- est at a rate not to exceed four per cent (t$) per annum from the date there- of, hemof, payable, semi-aha y,,, and levy a sufficient tax to pay the interest on ' said bunds and create a sinking fund sufficient to redeem said bonds at the maturity thereof9- fqR the Issuance of"Agricultural and Livestock Exhibit Building Bonds,; AGAINST the Issuance of Agricultural and Livestock Exhibit Building Bonds.; and, 1 HERW' , in the election held in said City of Fort Worth, Texans, on the 2nd day of October,: A. D. '1945, on the question of the issuance of said bonds hereinbefore mentioned, there was a majority of votes in favor of the issu- ance of said bonds; and, WHERM, by virtue of said election, said City Council is vested with power and authority by and from the qualified electors who own is-Mble prop- erty in the City of Fort Worth, Texas,, and who have duly rendered the same for taxation, to issue said bonds for the purposes aforementioned and to make same valid and binding obligations of the ,corporate government of the City of Fort Worth,, Texas; and, WHEREAS, the City Council, in accordance with the power vested in said governing body, did lawfully pass and adopt an ordinance on the 13th dray of February, A. D. 1946, authorizing the issuance of negotiable coupon bonds of the government of the City of Fort Worth amounting to the principal sum of Four hundred and Fifty-three,Thousand Dollars ( +.53,00000); and,, WHRMS, the City Council, in accordance with the power vested In said governing body, did lawfully pass and adopt an ordinance on the lath day of December, A. D. 1946, authorizing the issuance of negotiable coupon bonds of the government of the'City of Fort Worth mounting to the principal sum of Nine hundred and Fifty Thousand Dollars ( 9 ,t ,4FJ) and, WHEM, 3, the City Council, in accordance with the power vested in said governing body, did lawfully pass and adopt an ordinance on the 16th day of July,, A. D. 1967, authorizing the issuance of negotiable coupon bonds of the goveryment of the City of Fort Forth amounting to the principal sum of Seven Hundred and fifty Thousand Dollars 0750,000900); and# IRIMU , all of the above described bonds were issued out of an au- thorized issue of Vine Mllion Dollars ($9,000,000#00) worth of said bends, which'bonds were authorized to be issued by the property taxpaying qualified, voters of said City at an election held on the 2nd day of dctober,�A, D. 1945, and all of them being a part of and known as Series U, and designated as "Street Improvement Bonds"; send,, WHMUS, it is deemed wise and expedient by the City Council of the City* of Fort Worth, Texas, in the exercise of the discretion reposed in it by ;Cart, that Four Hundred,and Twenty-five Thousand Dollars ($425,000.00) i —awr VOK&ot 6414 100001 in, SdWion to the Two N111tano One Hate,and Afty three 7housatul Dollars C82,15 ,00DyDG) asorth est aaia l gonna haa*'etrat 'oraaa"at st a0 14 out of the aaattaaaaz^t,sast taaasa of ttlaaa !Million Dollars, (49p0004000,001, be i'Na1ved In tostta ' t We hese, Said bohds to,be ISaaaN taa tt " I Q016101 Series 74 aard taaaiaaatawat taa "Street Impa"ovemaa"a, aarte t ttthr" BE IT ORDAUUM; W IRS CITT GPIKU, 01 tit CIA OF PUT WORrU, TZXXS- asst the municipal Marra int of the W1 of fort With, Texas, Isone s corporate saagrHable coupon ;fonds in the primalgal oum of &our Haoaa� and " a st five Thousand t ollart � �"�� this aaasaaasit, being lxa AsUkition to the our Hassatroat aaaat t" ,t"t --throe lbauv=4 Dollars 53, ' "*OQ? worth of ,said, bands hArattofnova issued by an ordinance lamotilly taaat61 mid aat4atpM ,on Ae 13th day of FeQuary, A. D. 1946, the Mini Handred and FLIQ Thassasa Dollars ($950,000400) worth ofmaid bonds taervtofore °taa'ued by an oratta anee 1a as l asaa asad adaptat nose t4a ,� % ov of/"Agew4boti At 4,004AN ,,,,,, 'aaaaa H'aaaattro, and, Fifty Thousand, ttaIlAra j75 * X), X), rtta of said bonds heretofore iosuad t as o ttsaaniae 'lawfully passed WW1 asta>ptaat ons tbo 16th day of Ouly, A. D. 1947; that the bonds above described risers banned, and 00A out, of an authorized Issue of N11rim, Million Do l'ars ( 6t4060j" 00.tao , atithorized to be issaod at a proper, election h fast on tho god dad of October, A. D. 1943" which bonds are known as Soriaa 74, asaat;ateaitttatated as a'Stre t Improreaeu, SopdssO; tflsat't he beads so to be ;taa4eat'shalt be in the a enaminaPt ion of One Thousand Dollars, ( ,4X 1 ") OW, daat* Massae t, IAN the first aa;r gvndxvd and Pour 'Maus at Dollars ( 204,x000,00) *Arth*Artof oa at lso ,/,=tuaing , v- as 1941 to lq,600, i o a t ase a ta bear' iiite o'st at the,rate of two and owh a tr r 0 , j tsar,uant:4 ap4,tbo next Two tlundrso, aaa , ss, r is Dollars aortia or said frac t, maturing from 1961 to 1973,E inclusi r+a, to tear interest at 'the rate oif taoand three quWars per rents (213/4%) per asasaasaa, payable sootmannually on the Zrat,day of tteaaaataar Haat June of e aasta year respectively" Etta pas iaaa ,,pan ataat intervol of onid tsatsda b1ing k ayale at tho-coqtral AgamrJaWand Aust rxxgmq,,� In tbe=ty of how Xork, State, of Now York, the semi-annual, interest being eviAvud-sd by , wuis co co upon$ s t4c sd thoryfe, all of sc,id bonds to be s druled favour and on behalf of As of Fort Wbrtku, io, IV the MA VTorkusf siissiddorl i/boli tarr, with the seal of tho City, therean duly,impressod, but the ,interest soupoos to be qzOeute4 with ihsii1ihographsd facsimile Oignatures of ths yos w W City, oorsts, of the City at Fort Wailh,; "i , s that such of solid bonds and evop pus shall be nepti lls And paysble iu;u bearer, and Wd iuot4s shall be tumbei-6d, iwu the way stud, u uursuor harwizatter set cut# ss tht the list v4tnring bond W41 becoms payable Qvluu tswarf fire 5 wears An the Me masa^ecf, and thsAonds themss l °ss, four tc udred wrid,bwaut five 1425) Woumber, shuu,I be trait ur" , couus uouuiiv u i from sou -ons huxuw and f f ; furor +) tura l cw/i -f"l s hundPed and sevehtyweight (2,57V), In- 4=410, -cl=s d,- and Os ,l matuur , in leasa nt spud mannor Qreinstypr sol suuQ, and t s uu aur dj,ms m u s � u"""A" loll ,and, extending tus streets, iruwuwuudhfwuurss anVabory, ssuwsrs of said City, in- cliding in such permaneant, ruuudlie improv Pts, ihs straightening, widening, gado su ius stign, Ughti ud an4 d uuivago sf' old s u oets W thorough- fares, d dfa res, spud's quIri,ursd the mossisary, IAnds tbarefor, for said City, That the genaral frau of aaid ends and, he c iuuuna,'Wu'uarcto annozed, and the lac eat addW to said bqnds obal . be executed substantially jathe follow;, g form-., That, the said bonds, so 'to,be issued by the City of Art UNA, Texas, auk, t3 a to ftAr aindred and, Twenty-'fIve Thouaand Dollars (4425, addition to iha ,m= of Two M1iota, One Raadrad. ,#nO Fift"tliro�a Th6i Dollars (82,15000,00) worth of said babde heretofore issued out of the a0d, WhoriAad islome of Nine Million DbIlart (45*0001000;00), shall be is- sued for the purpose of canstructinfg, Improving arid wctandiiW ,,, the streets, tharoughfares and storm sewers of said W1, joluding in *uApermanent, publin improve0ents the straightl0ni0g, Oidfalitg, PaViA61,, gra(iO SOP&rations V , , , iig''Itir%r and drainng"o of-"aid streets and and aqr.,piriag 'the neeeAsary lands therefor for oaid City, and shall CoWat of four hunch od and twenty-five (145) bonds numbered Som twenty-one hundred and fifty-faur (2,154) to twenty-fiv* hundred and ser entywalght (21378), Irdlusive) and the first Two Handr 4 and Four Thousand D611are (#'204,,000,�90)' iorth of 'said bondt,, mst4rinff;Xrom 1949 to 060 AWAStp-shal 1,"boar,ivt:eo rate of two and one-half per cent (2j%) per annam, and the next Tvo Hundxerl and Twenty-one ThwisaWIDollars %6zth of a4d lbonds, nlkturing from,Q61 to 1973, ipelusivey shall bear Uiterest st the ante of two and three-quarters per cent (2-3/1,$), per anzws, payable semi-annually ae more-- said, fall of which,said four hiandrvd and 1,,,wentyflve (425),tonds skto be known, as Sofas '74 and riholl be sty led; and doolltated, as e'Street, IrTroyomept BondsO; and that all of the said bamis, coirprising., the sum totpl of Four Hun- dred and Twenty-five Thoasand Doll-a3v ($425jOCOV)s shall uAture in nams:014 order in the Aanner and amounts as set out In the tabulatod ot4temant hero- Atte attachpdi to wItz 'S SECTION III* That the said bonds are hereby authorized to be sold to the best advan- tage, but in no event shall same be sold for less than par, and the accrued interest to the time of delivery and the proceeds thereof to be placed in the treasury of the City of Fort Worth and utilized for the special purposes for which they are created. SECTION IV, That for the purpose of paying the interest of said bonds, as well as the various installments of principal, as the same shall respectively ma- ture, there is hereby levied for the year 1948 and for each succeeding year thereafter so longus the same may be necessary, to provide for the interest and annual installments of principal of said bonds, on all property in the City of Fort Worth, Texas, liable to taxation, a straight ad valorem tax of 1.2894 cents on the one hundred dollar valuation of said property, or so mob thereof as may be necessary, and if at any time the amount of said tax shall not be sufficient to provide for the interest and annual installments of principal, it shall be the duty of the City Council to so increase said rate that an amount shall be realized from said tax sufficient to meet the requirements aforesaid for interest and annual installments of principal of said bonds; and it is hereby promised and agreed that such increase of tax shall be made, if required for the purposes named, as often as it may be necessary. There shall be assessed and collected annually a sufficient sum to pay the interest on such bonds and to create a sinking fund of at least two percentum (2%) of the principal debt herein authorized. SECTION V, That it shall be the duty of the City Council of the City of Fort Worth, Texas, and its successors, and of the government, of the City, of, Fort Worth, in levying taxes for general purposes for the said City for the year 1949 and for every successive year during the life of said bonded indebted- ness or any part thereof, to include in such levy the special tax of 1.2894 cents on the one hundred dollar property valuation (or so Much thereof as may be requisite and necessary), provided for in the next, preceding section of this ordinance, and said special tax shall on no account whatever be dia- placed therefrom. SECTION VI. That the special tax hereinbefore provided for, when collected, shall be plated and kept in a separate fund and shall be devoted to the payment of the interest and the extinguishment of the principal of all and singular the bonds hereinabove mentioned as same mature from time to time, and shall not be used, applied or diverted to any other purpose or object whatsoever; and the funds derived from said tax shall be held and listed as a separatis account on the books of said City and the proceeds held and kept by the City Treasurer of said City as a separate and distinct account and so specified as such on his books. SECTION VII That as soon as convenient after said bonds shall have been prepared and signed in the manner prescribed by the ordinance, they shall be sub- mitted to the Attorney General of the State of Texas, together with a certi- fied copy of this ordinance and a statement of the total bonded indebtedness of the City of Fort Worth, including the bonds herein and hereby authorized and the assessed value of the taxable property in said City, for his approval, and none of said bonds shall be negotiated, sold or transferred until the same shall have received the official sanction of the said Attorney General as prescribed by lar , and thereafter said bonds shall be placed with the State Comptroller of Public Accounts for registration. SECTIC6 VIII,, That the City Treasurer of the City of Fort Worth, or other lawful cus� todian of such fund, during the months of November and May of each and every year during the life of said bonds or part thereof, and not Later than, the 25th day of each of said months, shall transmit sufficient money out of the interest funds Mrsinbefore created for the payment of the semi.-arinual. inter- est accruing on said bonds to the Central Hanover Bank and Trust Company, of the City, of New York, State of New York, and likewise proper remittance shall be *ads in due course to provide for the payment of the.principal of any of said bonds in advance of the maturity of same. SECTION IX. That this ordinance shall take effect and be in full force and effect from and after the date of its passage, and it is so ordained. of the City of Fort Worth, Te=s' ATTEST: City 3;0r$—tary of the pity of Fort Worth, Texas APPROVED AS TO FORM AND LEGALITY: 61—ty, RM;I-I—ey U the MU of Fort Worth, Texas NO, UNITED STATES OF ARIA, STATE OF TEXAS, COUNTY OF TAMLOT SERIES 74 CITY OF FORT WORTH —00000— Street Improvement Bond of the City of Fort Worth issued for the purpose of constructing, improving and extending the streets,,thoroughfares and storm sewers of said City, including in such permanent public improvements the straightening, videning, paving, grade separation, lighting and drainage of said streets and thoroughfares, and acquiring the necessary lands therefor. KNOW ALL M, BY THESE MS]WITS9 That the government of the City of Fort Worth, a municipal corporation duly created under the laws of the State of Texas, hereby acknowledges itself to owe, and for value received promises to pay to bearer, ONE THOUSAND DOLLARS (01,000.00) in lawful money of the United States of America, on the first day of June, A. D. 19 _, together with Interest thereon at the rate of pereentum, ( %) per annum, payable semi-annually on the first day of December and June in each year, on presentation and surrender of the annexed interest coupons as they severally fall due. Both the principal and inter- eat of this bond are payable at the office of the Central.Hanover Bank and Trust Company, in New York City, New York, and for the due and punctual pay- ment of this bond at the maturity thereof, and the interest thereon mhen it falls due,,the full faith, credit and resources of the City of Fort Worth are hereby irrevocably pledged,, This bond is one of a series of four hundred and twenty-five (425) bonds numbered consecutively from twenty-one hundred and fifty-four (2,154) to twenty-five hundred and seventy-eight (2078), indlualve, in the 400001- nation. of One Thousand Dollars ($1,000.00) each, amounting in the aggregate to the sum of Four Hundred and Twenty-five Thousand Dollars ($425,000.00),, issued for the purpose of constructing, improving and extending the streets, thoroughfares and storm sewers of said City, including in; such permanent public improvements the straightening, widening, paving, ,grade separation, lighting and drainage of said streets and thoroughfares, and acquiring the necessary lands therefor, under and by virtue of the Constitution and laws of the State:of Texas, the Charter of the City of Fort Worth, and an ordi- nance lawfully rdi-nance..lawfully passed and adopted by the City Council of the City of Fort Worth, pursuant to;validauthority from the property taxpaying qualified voters of said City, at a proper and legal election held on the 2nd day of October, A. D. 1945. It is hereby further expressly represented, recited,and covenanted by the government of the City of Fort Worth, to and with each and every holder of said bonds or any one of them, that all acts, conditions and things re- quired e-qu red by the Constitution and laws of the State of Texas and of the Charter and Ordinances of the City of Fort Worth, precedent to and in the issuance of this bond, have been done, have happened and have been performed in proper and lawful time, form and manner as prescribed by law, so as to make this bond a legal, binding and valid obligation of the City of Fort Worth, and that provision has been made for the levy and collection of a direct annual: tax on all taxable property in the City of Fort Worth, and that such tax has been levied in a sufficient amount for the payment sof the principal and 1ntsr*. est of this bond at the respective maturity dates thereof, and that the total indebtedness of said City, including this bond and the issue of which it is a component part, does not exceed any constitutional or statutory limitation, IN CI TY WRFAWF, the City of Fort Worth, in the State of Texas, has executed this bond by causing it to be signed by its Mayor and attested by the City Secretary, with the seal of the City thereunto duly impressed, and has caused the annexed interest coupons to be executed vith the facsimile signatures of the Mayor and City Secretary, and has caused this bond to be dated as the first day of June, A. D. 1948* CITY OF FORT WORTH, TUAS BY Mayor ATTEST. City Secretary (FORM OF COUPON NOTE) The City of Fort Worth, in the State of Texas, promises to pay to Bearer ($ on the lst day of 19 _, at the Central Hanover Bank and Trust Com- pany, in the City of New York, New York, for interest due that day on its Street Improvement Bond, Series 74, dated June 1, 1948, and numbered CITY OF FORTFORTHTom' BY Mayor ATTEST: City Secretary NO. (CERTIFICATE OF GGMPTR0IJZ8) 0ma OF COMPTHDLLM' STATE OF TEXAS, I do hereby certify that there is on file and of record in my office a certificate of the Attorney General of the State of Texas to the effect that this bond has been examined by him as required by law, and that he finds it has been issued in conformity with the Constitution and laws of the State of Texas, and that it is a valid and binding obligation upon said City of Port Worth, Texas, and said bond has this day been registered by me. WITNESS my hand and seal of office, at Austin, Texas, this the day of A. D. 19 Uo—qptroller of Public Accounts of the State of Texas CITY 0F FORT WOWH PRINCIPAL MATURITIES $425,.000.00 STREET IMPHOV&MT BONDS DATED JUNE 1, 194 DUE JUNE 1ST* PRINCIPAL MATURING 1949 $17,000,00 1950 17,000,00 1951 17,000,00 1,952 17,000.00 1953 17,000.00 1954 17,000.00 1955 17,000.00 1956 170000*00 1957 17,000.00 195 17,000.00 1959 17,000.00 1960 17,000.00 1961 17,000.00 1962 17,000.00 1963 17,000.00 1964 17,000"00 1965 170000,00 1+ 66 17,000400 1967 17, .,00 1968 17,000.00 1969, 17,000.00 1970 17,000000 1971 1716W.00 1,972 17,000.00 1973 17,000.00