HomeMy WebLinkAboutOrdinance 1114 The City Council of the City of Fort W3lorth#
Texas, met in regular session in the Council Chamber at
the City Hall at 9:50 A. g, Tuesday, the 5th day of Jamu-
ary, A. D. 1925, and upon roll eall the following were presents
S. C. Yeaeham, mayor, .Hillard Burton. T. B. Hefter, A. Lo
Thomas s William Bryce, L. T. Renfro, '.%illiam Monnig, '�i. S.
Austin and L. P. Card, aouneilm+sa, constituting the entire
membership of said Boards and I. L. Van Zandt, Jr., City
Soeretary-Treasurers was in attendance at said meeting and
the following proceedings, among other dings, were had and
done,
Councilman Burtons seconded by counollmm Austin,
moved the adoption of the following Ordinance:
ORDINANCE NO.
AN ORDIN rJV0L ANNNII NO _.i::'IO1M V AND VI OF -)R-
DINANCS N0. 1109 PA 32D DLCEORR 29TH, 19250 BY PROVIDING
FOR TAX LIZ" OF $.0050 INST?;&D OF .42 CENTS ON THR ONE
HUNDRED DOLLAR ($10000) PROPERTY V, rUj.,TION TO g°A.Y 111B
INTI . r AND CREATE A SINKING FUND TO 2AY €E ,PRINCIPAL OF
THE BONDS IS MED BY SAID 01DINANC�,; AS SANK MATURES.
REAS, it appearing to the City Council of
the City of Fort orth, Texas, that the tax levy provided
for in Ordinance No. 1109 to create a sinlcing fund for the
payment and complete extiaguishment of the bonded debt,
principal una interest, authorized by said Ordinance, is In-
suffielent, .
to THEREFOR$s
BE IT ORDAINED BY THE CITY COUNCIL OF TER CITY OF FORT OATH:
SECTION I.
That sections V and VI of Ordinance No. 1109
passed at a regular meeting of the City Council of the City
of Fort Worth, Teams, on the 2M day of December, A. D. 1925,
be and the same are hereby amuended& and after being so wmended,
shall read as followst
'. QT1011 a- That for the purpose of creating
a sinking fund for the paymut aim ouriplato ex`lnc7i .shmont
of the foraguing banded debt,, principal and interest and all
and every part of same, there is hcraoy 1,--Tied aid there
shall be assessed and aolio::todo cs provided by 34w$ sot
apart and appropriated for said an ate, direct,
speeial ad vqlo"m tax for the :--r 1996 and for each succes-
sive year thereafter during the life of said bonded debt, or
any dart thereof, of $.00N (or suor, an im.ount as may be
necessary and adsahuate, be It more or less) on a ver;r ctne Hun-
dred Dollars ($100*W) o; property valuatioan# reaal, personal
and zaized, subject to tasatioa and exempt 1herefron usher
the constitution and laws of tj.r mtsbo of Tw aa, situated and
owned in the City of Port .';arth on dw rlra , day of January#
As D. 1920, and on the first day of yi-mar;r of each year
thereafter, until said debt '-,.;7 said bonds and
coupon interest notes shall have been fully paid, and if at
any time such tar should be Insufficient# theta it sh all b e
T
the duly of the City council, or other goveraing body, of
said City of port worth to set LWrrt lett appropriate such
additional amount of meney �;L,t of 1 L:ono-,al revenues of
said City as wwy be requisilte to the dafiaisney, until
all intereat shall have been paid and t:', ainldng fm%d on-
tablia+bod an required by the aonatttutiou tY:a ootu to of
Twms, and by the Charter of the 41ty of F ,: `,'orthi,
UOT ION VX- ThAt It shall be that duty of the
City Council of the City of Fort ort,,4., r-Yid thoir tuonessors
in office, and of the government of said City of Port Worth#
In levying taxes for general purposes In said City for the
year 1986, and for every sucaerssve year cuing the life of
said bonded debt, or any part thereof# i:o l.zacWo in suah
levy a speoial tau of V.0050 on the one Hwulred Dollars
($100.00) property valuation (or so =ch thereof as may be
f
.r
y
r:
,g0qu:U0A.a aM neaeisary) provided for in Lew L �r :"djmg
sre tan of this Ordinance and s utt} s,�main LLA-i; shall. (it; no
&eaount whatsoever be diaplaaed "refromo
This ordiAanw shoill. t:-ie effect from and
after the data of its passags, and it io uo ordaiwd.
Mayor A* el. Meaaban, pr,�sidiaag at maid nneet-
I rgs nubmitted the motion to aCiopl, sn. d and 1U
of the councilmen, including the Mayor, tort e,.s "aye'' theremp
anal none voted "no", and 'the motion to adopt t ht 012dins ad
iris declared to be MianlMo tsly passed and ndo-,ted.
COUNTY Q1+ TAtiRAF.`
i, l:. van ,:srAt„ qTr*, City Secretary-
Treasurer of the Cit;: :,,t Fort north, Te.vvap fto hereby cer-
tify =:lmt the *Lo•a am. foregoing i. �S.na-:oa 'S a, true and
correct cnpN of ;:.dluauG„ Nr'. , r-ne that SP-8 was
uroAxausly p&nacd and sdoptal c� tho City Council of the
Cit? of Fort Porthp xe aa, at t, r:Ml-tr inelsti ng brld in the
covnell 1-muxerc ct the City Hall an Tneeday the r)tla et-v at
Jeixusi; D. lV20.
Witness aq hand at ]fort 'Vorth' Texas, this
the day of January, A. D. 1928*
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