HomeMy WebLinkAboutOrdinance 1406 1. OrdinAnQs No. 1406 ruthorizing the iesu mos
of One Hvmdred frnd Fifty TboummW ($MAJO.W) Dollars
vcfth of Lnke 'North 3r dge Nmck oast of Swie■ 1To. 55.
2.. Oertifi"te of City SicretarrZreagxr+er
ahOwfng t hr,t no author hondie hates boen muthorl.zed to
issaed alit of lerfe a No. 55.
The City Council of the City of Fort Worth met in
recess session in the Council Chamber at the City Hall at 9:30
1%. M., Wednesday, the 28th day of March, A. D. 1928, and upon
roll call the following were pre sent: Wa. Bryce, Mayor, 1.
S. kustin, Villard Burton, V.:n Zandt Jarvis, Wm. Monnig, B. T.
Renfro, John A. Sparks and . s. Thous, Councilmen, constitut-
ing a quorum and majority of said Board, and I. L. Van Zandt,
Jr., City Secretary-Treasurer, was in attendance at said meet-
ing, and the following proceedings, among otber things, were
had and done:
Colina inn Burton, seconded by Councilman Jarvis,
moved the adoption of the followi ,'. Ordinance:
4RDDIANOR NO. 1406
AN ORI)INWR PRO7IDI'M P0 `'ITE I3"TT"NICE OF I,1E-
GOTIA13LE COUPON BONDS OF SIT GOV RTT i''t" 071 IM17 C I"°
OF POMP '"O RPH ^T"O11;'T IF' T ' TTTE 'DiVTC Ir"L 7,71 OF X
F{UI�D�D FIFTTTIA7 N",TD � 150,000.OU) DOLLARS OUT OF
a rTT'IT 91ZE,' I">TTT� OP i ,: " TIiT"TT? ;, 7 TIT 'TI 'T' OUiA:iD
5U 000.00 DOLL+�RS AND BErTG I0+?0'"TT kS S?'RIBS RO.
5 ANS Dr"IGI 'mr AS *LUH "�T�' BRIT," BOTTDq" TO
BE IS<'r,En 1'C , r°? ,,;, ;1 UI" ° a 'G .14; . T�T'T ' '?7 �-
?4TITT'i'S BPC .'.ItnilT' , ';ITIL 'I '�` T3+?TD(`rE ACROSS
LAKE -rrOfT' T'' VID CIT'T I" `"`,.TE "I0rTITT IT' '"THAT IS
001"-.`'TTLT T { + °, `q TTI y "TTIT7 T"IL ' BrIDGE"• PPCH OF
�ID BON U- T C 1E' IN 111' D]TV IINa. 'IGN OF 6 -1 HOUSAND
1 UOU.Oa)/yDOLFT,M CPAC H 7'y`� B�qE �jP ,'OP ttI T) 1 1926
TC .STAG "'1Y0'1Pkv 5 L4.111 SEIJ7 y �4 lTNDATE' TTT1,1 i"OF,sF"'�?�'�� 73Ts' IT(tT,Rn, �`1' TIN f0TE OF
1"7
QTR 4�. r O[ T, � ` ''.'Ii C L.TT' I'E;R
SEMI-'TT"iT'.LLY 'I'T{ : I",�� ^1 B� F SSED �TT am-
710 i'TOJ11L" AT ICT2� TO -111] --')07-DS D11HROTING 'M T 7,
SAID 'NUW BE ET ?V " BT THE I y-0R AD CITY STRv.T1!RY-
TRUVRE-2• ,,T) 'T'1)-TIDI'iG ori AN ADERD' TE TAX LEVY `OR
THE -777, T OP` THE IFTEREIT M SAID BTDq ATS TO CWTE
A 3INKI11r' ?WD •'4.i THE PAT;7 OF i'IfB rRING I, 'L TIT" zFOF,
AS THE S4T,'F, YATTT ,- FRX TIVE TO TM; AND TOVIDDIG
THA" THIS (iFDINANO SHAIL BE IIT TcI103 T`r) EFF30T PROP
AND PT ER T HE W 7 OF IT S T'A-49.AGE.
MERBA.S, on the 6th day of December, A. D. 1927
pursuant to the authority vested in said City by Section 19
of Chaptar XXV of the Charter of the Cit;T of Port 'north, adopt-
ed by the aualified voters within the limits of said City on
the 11th day of Dec-*er, K..D. 1924, and fhe laws and consti-
tution of the State of Yeims, the City Council of the City of .
Fort Worth, Texas, by t. resolution and, an ordinance of that
date, directed the submi:ision to the resident Droverty taxpar
ing qualified voters of said City$ at ,. ri election to be held
in sai d C U y on the 10th day of Jamaary, D. 1926, of th e
right, power and authority of the City Council of said City
to issue n 3�,;r,tiable coupon bonds of the corporate government
of the said City in the principal sum of Three Hundred Fifty
Thousand ($950,000.00) Dollars, for the purpose of rrlinU' pa-
manent in-nrovements in said City by canstrnating and building
a bridge across Lake Worth in said City in the vicinity of
what is ctmonly known as the. Vine Mile Drid-e"; and
WARS, in conformity v:ith the said resolution and
ordinance, the V yor of said City did make proclamation of said
election, and Fixed the date "oreof for the 10th day of January,
A. D. 1928; and
said election order and Droclaatation thereof
was prepared and -i.iblished in the ;xanner and for the time pre-
scribed in said resolution and ordinance; and
' 1'.�ir�';.", on t1m 10th day of January, ��_. �. 1928, said
election was held in the City of Fort ':,orth at the respective
polling places des 'nn ted in the alae J ion order, F:t which said
election the issuance of said bonds was submi ttea as a proposi-
tion to the taxpaying qualified voters of said City; and
WHRMS, the official ballot on such occasion, in
conformity : ith the resolution and ordinance of the City Coun—
cil, hereinabove mentioned, and in accordarae with the order
of said election., in form afid in substance reads an follmo.
allicit-11 31 lax
I�
ImU the, City of F.-,rt "�ar�tta' thro to i s wi.R�► � isuut
to aa�ot iar► # conte b ru l; from ire 1b) tela~ fort F WrIl
the prineivel am 0 Mil]lival r'i.rq Maaridrad i'to
Oilai'AV) Dellairar for t1w �;VS& of raoaaatraa�v
om4ngrtv t as thhhis d stM. M 9i
it 'I'lrdt At tar x nn n gv the
im of flxo Aaarm frm the (late thomf, m ae `
01 tra na,y be doteriitad d cit c At hat tl�raa
lost aa�e!u r i :ted a caha a wit his fo rt
from the thereof is 0 st at a ra iso to 0 ee�t rye
� ma iw�i per y theaiat mat alr"Aya> l ebaaaaaadaa s �n
laturity thsrwf?
POR the Isompoes, of treat ImpromentA
WWI I the I soa=mar of 9tre a t I-i m ram+aaai Bmdmo
lie
1ball the Cit! of +sr'# %r#ha t ii s Ci,t! Co�ua issue
its as,:tltiahl+aa sa + . I Oe
iia the 'p 11 mal suis +A�rI n o a d. �"` ml Tarr,
r ,oUV) for' the a 0 faaItrtmt1amRa
a#pg the t aaom sae nad � di v id lr
In first of m d mids t i► to
yearaa f-= the date t+lw"c f rt mar or as UN ds to,
Umd t h o mid My_C; l 0 to t he tact Mat ds MAU
beciAt t dl a t ithi fart t ar e h 6 aIrmmr
Trite t *s stet to TO
Me to the rout, b e I m A low a surtic imt teat,
to Pa.t► the Ta na■ said bonds and t asUkbg and arafficimt
to r as s at tra c aturity thmoff
"H the Ise of 147Atsar 59wor and 7@mp Disparsl BwW s.
IIIA
the City or ' "ort WeAk thromich i a Oita► Cep l issue
is ned41kailal
b • oauoatds, irsse fr to fo ! ) l+
the aa�m of 'Nis � mow# � �iM iJa�u�� wl
fo rr ipa saa of iaa sga x a n6 a the as tom to
vat �v� id Ci at o aaaaa�JA b ` %at the
ma tus of rhaa a f m tb! este then
or as bar OR
the mid City so #h*'T 'tba Tut
waatur OULU a rryable withia prat! ) YoLra from the
t r+rlt intaasant mat a rate, w tot�eaaa fire per a3 sat
ba da t e thereof, p�aaa b a so ami a mw iii! tia>d lovy
aa► ffic imL to lwy the interest mat mia and carelale it sem►
i fined 0�gr ioaat La ria so,td bode at the nsturity theroo
70 UO ixwmaoe of Tateraoxks BOWMID
Adl=? tis lie of nUorwrks
ITT '
five City of Fent he tlu Is
Cit' Cama i�ae
its aeryat b s3�tpan baadsM a�T to (arty )the of t'1 del .r]l� } Do f t
poa►e v asp! t� a a aw t'i�i-
tv the ft s a[ t a IL for Sao t t!o
��■ alts elrtvrl t f A + t bid
� oreal
at ger as rr�a a deto ain tbWr F a so + brt he
w�itrr a9 ba"e ohs become pa ble irithia i"axt�r {eau Y �r the
irate tlu�rrat lnt+ �raat at a rat f s to ,� eek • i
sn>x
as a date tborea rt �# MWAMUr and
t to the rote �A
s aft fid► r¢ wMt* a
L�rsafAwla rede«s � heads at t t e matt4ty therw
PM the Lwas a of i ips i Ddldxg binds,
AGAIN I" the Iaeaxwe of !moi pal i i.l ng 'goad&
City of Fort 'fo a. th i City C;r i#eme
tta �et5t�aQ�� e�j�ra he�ld�i ���� '��� �
!a the nrai l s�aa of Three 'iftp► T {
err 9br � of c *hd a hr wren
Lke � �'tis t 7 Q �rbat MI
tho "I. i&rt SOON;the st Ott id beards p■�,7a e a the
os intim at a from the dates v ef 'oe�rial the
am ash w i�her said 4 i� #W
t$" d .
M1s From
t at a rate R*t to
OW purr Fromm date tlwnar � ble
Am a tax to iaUrra aa� _ areata
aws'fLeJed to = salad boada at t testy thav-
FM
the Daae of Lww rorwk Brite
AOM3? tba Isassas of 1&U IOU *Ugs Jadme
"10
shall that City of Fart -%rU4 thr i C ty Cae es 1 iSW,e
Ito nwgot bls empDa bands r� frost tyre � o fart �' �• .
- t �-1 a ` of 'ha�e � ltYl st � Psew
faa# to ins o reef a fit r
part lberee eve o whisk my 00 aassssee� at 9 �
is Iienofited under the teras of or a he
t t on i t bees aatteetr �o�riz ir.
l ■+ tr► ad�a S the re p s aga
00=40t VA ei k a of ah improv+�►sa ash* th a spot 04
or-
a s acted a ass r rev mtraet impsaqr
■• peaMei ilM th9 02 6r4W l •a"ras 0ttr ars!
over v nd over La phv as afGrevoi d j 'elle
at th! Mtie�a a f fire end
atttiu to tb as
the as sa be dote inei
a,it�`,C��� istt tea:
a Bassi
ab M'irtf 1 'g from the t �>tt
at a rate not t* � yrs �ar ems#
t �ttreat a i Y a mak tso+ t o the
btere s b end ex teas aaffierl oa! a s'e}*
as b+4aft at the maturity tbareo
FOR t1w luvoume of olvir. Ar-jet Impreov�1k Bonise
AGLINN Mw lommulp or ..,-4-wolving Anot lopmiment BwiM
TUU
Uw city. of Fort �o lots thr i C ty Caoso izu�la
its argot b onpm do r f°r�
in the an � lrs fu ��1 ,�►vasrs,
re is for th0 sa a�eemstraat �Yd�a
i Audit*rim" pw Wd City and or axd ap-
the +atsspary UvAs W vii ttsersfor th d %m'da
U intag 10at t? +�tTirrtt of iv �rearn fr data t
eaet+d rari ,T raft" as +ttcitted + ait'Y Cep
Rat b"a" lavole sithul fo ��
tamat n roto
p ant s aaa f ur t a to.i f ps
Xs s aatitiicierA � t t,,.rnw,, said ba��
and or 14 a fwd S►40'rio t o r�ado" a& meads at the as-
tui ty t era
F aR the Ism of tba ajo ipal A-adi koritai Bwfto
AOA INV the Ismame of Amicipal ALditorisu PANdoo
Mid,
Xll
tthsy o! Part "Orth, thm r City cortw �
Isow
negotiable
h3a fromf ts b) to oothe principal aam of
Run d ?iffy T
Dollars, f;r 11 so of ptt !s} as had
and 'a rr r s pert th Ity o f 'fir f thaMot 0
id bm ds b%RFIM
�jwt oat t ba ration off res f s the
to M-nofairim.- th r or as my be d+at�d�(j the city
Fammi 4 lsat bands Shk pp wi#?tia►
60 J0 ram the r thhr f ba r� it oat at a
��, a Alp tsar tri 3
buds and Create a � fiatd rat.fflAwA to aside bomb at is
moturity tbrr.ol?
PCH than law wis o f Park 3mdaa
AGA MIT t ka Imance of Nrk oda.
I�
XU UW City of tort lorth, for h i s City Oaatmism
Por
o ragot tab coup 'batt j. rating; from �1vt 5 forty ((
t o prl nctiai of " admd pi T the ow of co iatt broil n I Sor #
Lib car the cit �► o wre,�th cYn4 d i the
> . a ■
therefor thl f of do bte
at the +moi rat i4aaa o f ?a' aw t
thU*Lftaa' bo 't the ty +� t
boa s 1 bomm TRL�m ritmf ortya t f boor inters, a s rata to asd
a+ a from arm data payable a
l�LeM rax to v Y thr In a �v, je >. ux i ► a rd
fad lout to re acid
s t'f bout at the mmammmmy !�!.
FOR the femme orf Library Boadai
AGA IFS' the inranae of Litmry Nmds.
WHEREAS, in the election held in said City of Fort
Worth on the 10th day of January, A. D. 1926, on the Question
of the issuance of said bonds hereinbefore mentioned, there
was a majority of rotes in favor of the issuance of said bonds;
and
WSFRRAS, by virtue of said a loot im, said Council is
vested with power ind authority by and from the people 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; and
'THMMS, it is deemed wise and expedient by the City
Council of the City of Fort Worths in the exercise of the dis-
cretion relpsed in it by law, that only One Hundred Fifty Thou-
sand ($150,000.00) Dollars worth of the authorized issue of
Three Hundred Fifty Thousand ($350,000.W) Dollars be issued
in bonds at this time; said bonds to be issued being part of
Series No. 55 and designated as "Labe ;Orth Bridge Bonds".
NOW, THERBFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF TSE CITY OF
FORT WORM
SECTION I.
That pursuant to Section 19 of Chapter $KV of the
Charter of the City of Fort 17orth, adopted by the qualified
voters within the corporate limits of said City on the 11th
day of December, A. D. 1924, and the laws and c metitut ion
of the State of Texas, and pursuant to a Tote of the resident
property taxpaying voters of the City of Fort Worth, at an
election held in said City for such purposes an the 10th day
of January, A. D. 1928, that the municipal goverment of the
City of Fort Worth issue its corporate negotiable coupon bonds
in the principal sum of One Hundred Fifty Thousand ($1500000.00)
Dollars, out of an authorized issue at said election of Three
Hundred Fifty Thousand (PBO.000.00) Dollars, and which author-
ized issue is known as Series No. 55 and designated as"Lake
Worth Bridge Bonds", and the bonds so to be issued shall be in
the denomination of One Thousand ( 11,000,00) Dollars each,
dated lky 1, 19283, bearing interest at the rate of four and
one-fourth (4*%) per cent per amam, payable semi-annually
on the lot day of November and May of each year respectively,
both principal and interest of said bonds being payable at
the Hanover National Bank in the City of New York, State of
New York, the semi-annual int ere st being evidenced by interest
coupons attached thereto, all of said bonds to be executed
for and on behalf of the City of Fort North by the '.la yor thereof,
attested by its City Secretary-Treasurer, with the seal of the
City thereon duly impressed, but the interest coupons to be exe-
outed with the lithographed facsimile signature of the Ibayor
and City Uarstary-Treasurer of the City of Fort Forth, each of
said bonds and coupons shall be negotiable and payable to bearer,
and said bands shall be numbered in the way and manner hereinafter
net out, maturing five (5) years from the date thereof and annual-
ly thereafter until the last maturing bond shall become payable
within forty (40) years from the date thereof, rind the bonds them-
selves, one hundred fifty (150) in number, shall be numbered con-
secutively from one (l) to one hundred fifty (150) inclusive, and
shall mature in the amounts and manner hereinafter set out; said
bands shall be used for the purpose of maki p ti-manuuut improve-
ments by constructing and building a bridge across Lake North in
said City in the vi ci nit y of what is oD nmo my known as the "Nine
Mile Bri dge".
That the general fo zm of said bonds and the coupons
thereto annexed and the interest added to said bonds shall be exe-
cuted substantially in theLLollowing fork:
NO. UNITED STATES $1000.
OF AMERICA
STATE OF TEXAS, COUNTY OF ?'ARPANT
SERIES
C I T Y O F F O R T W O R T H
----0000000---
KNOW ALL MEN BY THESE PRESENT,$;
That the government of the City of Fort Worth, a
municipal corporation, duly created under the lt;we of the State
of Texas, hereby acknowledges itself to owe, and for value re-
ceived promises to pay, to,bearer,
ONE THOUSAND DOLLARS (01000.00)
in lawful money of the,United States of America, on the de,y
of , A. D. 19 , together with interest thereon
at the rate of four and one-fourth (4 ) per centum per annum,
payable semi=annually on the let day of November and May in each
year, on presentation and surrender of the annexed interest cou-
pons, as they severally fall due. Both the principal anal inter-
est of this bond are payable at the office of the Hanover National
Bank, in New York City, N. Y. , and for the due and bunctual pay-
ment of this bond at the maturity thereof, and the interest there.._
on, when it falls due, the full faith, bredit and resources of
the City of Fort Worth are hereby irrevocably pledged.
This bond is one of a series of
numbered consecutively from
to , inclusive,
each of the denomination of One Thousand ($ 1,000.00)- Dollars,
amounting in the aggregate to the sum of
issued for the purpose of
under and by virtue of the
Constitution and laws of the State of Texas, the Charter of the
City of Fort Worth, and an ordinance of the City Council of
said City lawfully passed and adopted on the i day of
, A. D. 19 , pursuant to valid au-
thority from the property taxpaying qualified votere of said
City, at a proper and legal election held on the 10th day of
January, A. D. 1926.
It is hereby '4rthe exA;:assly repreeentsd., recited,
and covenanted by the gove:rm--at of the C•_ty of Fort Worth, to
and with each and every holder of said oond.a or any one of them,
that all acts, conditions and things required by the laws of the
State of Texas, and of the Charter and OrdinLno—as 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 pro-
per 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 of the principal and inter-
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 -oast, does not exceed
any constitutional or statutory limitation.
IN TESTIMOP:Y WHEREOF, the City of Fort Worth, in the
State of Texas, has executed this bond by causing it to be sign-
od by its Mayor and attested by the City Secretary—Treasurer,
with the seal of the City thereunto duly impressed, and has caused
the annexed interest cou-oons to be executed with the facsimile
signature of the Mayor F.,zd City Secretary—'Ireasurcr, and dated
as the first day of May, A. D. 1928.
CITY OF FORT WORTH, TEXAS.
yC P
ATTEST:
City ecretary—Treasurer
(FORM OF COUPON NOTE)
SERIES
NO. $21. 5
The City of Fort Worth, in the State of Texas, pro-
miges to pay to bearer Twanty-one Dollars and Twenty=five Cents
(021.25) , 6n the day of A. D. 19 at
the Hanover National bank in the City of New York, N. Y., for
intorest due that day oII its municipal bond, dated May 1, A. D.
1928, and numbered '.
CITY OF FORT WORTH, TEXAS
mayor
ATTEST:
city etre ary- reasurer
SBCT ION II.
That the said bonds so to be issued by the City of
Fort worth, amounting to One Hundred Fifty Thousand ($150,000.-
00) Dollars, out of the said authorized issue of Three Hundred
Fifty Thousand 0350,000.00) Dollars, shall be issued for the
purpose of constructing and building a bridge across Lake worth
in said City is the vicinity of what is camonly known as the
"Nine ]dile Bridge", and shall consifitt of one hundred fifty (150)
bands, numbered from one (1) to one hundred fifty (150) inclu-
sive, and shall bear int ere st at the rate of four and one-fourth
(41%) per cent per annum, payable semi-annually, as aforesaid;
all of which said one hundred fifty (150) baads shall be known
as Series fifty-five (55) and shall be styled and designated
as "Lake worth Bridge Bonds"; that all of said bonds, compria-
ing the sum total of One Hundred Fifty Thousand ($150,000.06)
Dollars, ohnll mature in the manner and amounts as set out in
the tabulated statement herewith attached, to-wit:
C IT Y OF FORT WORTH
PRINCIPAL `.�ATURITISS
$150P,000.00 LAKE '",V FE'S BRIDGE s)ONDS
DATED MAY 1ST, 1926.
DUB MAY LST "RINC VAL
MATURING
1933 3 000.
34
35 ROW.
36 3,000.
37 3iWi.
39 3*UO0.
40 3;000.
41 3 .OUO.
4?,_ x;000.
43 4- 000.
4 ;000.
45 4;Oi?0.
44G7 4;f00.
49 4''OJG.
50 4;000.
52— _4;ow.
53
54 4 000,
55 5;000.
56 5,ouo.
57 5;000.
58 5000.
59 5000.
60 5,.000.
61 5,000.
62 5.QU0.
63 5;000.
6564
65 5;ow.
66 :x.000.
5060
00
68 .
SECTION III.
That the said bonds are hereby authorized to be
sold to the best advantage, but in no event shall same be sold
for less than par, and the accrued interest to the time of de-
livery and the proceeds thereof, to be planed in the Treasury
of the City of Fort North and utilized for the special purposes
for which they are created.
SECTION I9.
That for the purpose of creating a sinking fund for
the payment and complete extinguiskment of the foregoing bonded
debt, prim ipa 1 and interest, and all and every part of same,
there is hereby levied and there shall be assessed and collected
as provided by law, not apart and appropriated for the said pur-
pose, an annual, direct special ad valorem tax for the year 1928,
and every successive year thereafter sharing the life of said ba aed.
debt, or any part thereof,of .54 cents (or such an amount as may
be necessary and adequate, be it more or less) on every One Hund-
rod ($100.00) Dollars of property valuation, real, personal ; nd
mined, subject to taxation and not exempt therefrom under the
Constitution and laws of the State of Texas, situated and owned
in the City of Fort North on the 1st day of January 1928, and on
the lot day of January of each year thereafter until said debt
represented by said bands and oaupon interest notes shall have
been fully paid, and if, at any time, such tax should be insuf-
fioient, then it shall be the ',itl., of the City Codi], of any
other governing body of the City of Fort 'oo rt h, to set apart and
appropriate such additional amount of money out of the general
revenues of tho said Cit•r, as may be requisite to supply the de-
ficienoy until all interest shall have been rid and the sink-
ing fund established as required by the Constitution of the
State of Texas and the Charter of the City of Fort Worthe
SMT ION T.
That it shall be the Baty of the City Council of the
City of Fort "Vorth and its successors, and of the government
of the City of Fort 1or4h, by levying taxes for general purposes
for the said City of Fort Worth for the year 1928, and for every
successive year during the life of said banded debt or any part
thereof, to include in such levy the special tax of .54 cents
on the One Hundred ($100.00) Dollars property valuation ( or so
much thereof as may be requisite and necessary) provided for in
the nest pModing section of t-,is ordinance, and such special tax
shall on no accouht whatsoever be displaced therefrom.
SMTION VI.
That the special tax hereinbefore provided for, when
collected, shall be placed and kept i4separat a fund and shall
be devoted to the payment of the interest and the extinguiebment
of the principal of all rind singular the bonds hereinabove men-
tioned as same matures from time to tiry �%nd shall not be use4,
applied or diverted to any other purpose or object whatsoever;
and the funds derived from said tax shall be held and listed as a
separate account on the books of said Cit°. , and the proceeds held
and kept by the City Secretary-Treasurer of said City as a separate
and distinct account e.nd so specified as such on his books.
SROT ION VII.
That as soon as convenient after said bonds aball have
bden prepared nnd signed in the manner prescribed by the ordinance,
they shall be submitted to the Attorney General of the State of
Texas, together with a certified copy of this ordinance and a
statement of the total bonded indebtedness of the City of Fort
Worths, including the bands herein and hereby authorised and the
assessed value of the taxable property in said City, for his ap-
proval, and none of said bonds shall be negotiated, sold or trans-
ferred until the same shall have received the official sanction
of the maid Attorney General as prescribed by law, and thereafter
said buds shall be placed with the State Comptroller of Public
Accounts for' registration.
SWT ION YIII.
That the City Secretary-Treasurer of the City of
Fort Porth, or other lawful custodian of such finds, during
the months of October and April of each and every year during
the life of said bonds or part thereof, and not later than the
20th day of each of said months, shall transmit sufficient money
out of the interest funds hereinbefore created, for the payment
of the semi-annual interest accruing on said bads, to the Han-
over National Bank of the City of Net York, State of New York,
and likewise remittance shall be made in due course to provide
for the payment of the principal of any of said bonds in ad-
vance of the maturity of same.
MOTION IL
All ordinances and parts of ordinances in conflict
herewith be and they are hereby e=re ss 1f repealed.
SHUT ION X.
The holding or adjudication of W section, portion,
or part hereff to be invalid, shall not affect the validity of
any other section or dart of this ordinance, bat all such other
sections, portions and parts hereof shall be and remain valid.
SHOT ION XI.
That this ordinance shall tats effect and be iA fuU
force and effect from the date of its passage and it is m or-
de in ed.
APPROVED AS TO FORM:
i y Morney
Mayor Nm. Bryce, presiding at said meeting, submitted
the motion to adopt said Ordinance and all of the Councilmen,
including the Mayor, voted "aye" thereon ,rad none voted "no",
and the motion to adopt the Ordiname was declared to be vaani-
mously passed and adopted.
ST'19 OF TIA.S
COUNTY OF TARRANT
I, I. L. Van 7andt, Jr., City Secretary-Treasurer of
the City of Fort Worth, do hereby certify that the above and fore-
going Ordinance is a true and correct copy of Ordinance No. 1406,
and that same was wmanimous]y passed and adopted by the City
Council of the City of Fort North, Texas, at a recess session
held in the Council Chamber at the City Hall on "ednesday the
29th day of March, A. D. 1928.
WITNESS my hand at Fort North, Texas, this the_ ,
day of - , A. D. 1928.
City re reasurer.
STATE OF TmAS
COURry OF TAI ;
IN TESTIMT Y 7HEREOF, I have hereunto signed my
name officially and caused to be impressed hereon the seal
of the City of Fort 'Forth at my office in the said City, this
the 7th day of April, A. D. lv2b.
iCiecre ary- reasurer o
ty of Fort Worth.