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HomeMy WebLinkAboutOrdinance 122 ORDINANCE NO. , An Ordinance pursuant to Section 18, Chapter V111, of the City Charter of the City of Fort Worth, and an election held thereunder, on October 12th, 1909, 'n the said City of Fort Worth, aukherizing the creation and issuance of Six Hundred and Fifty Thousand Dollars ($650,000.00) of ' the bonds of the corporate government of the City of Fort Worth, to be known as "Series 13 FirfHall Bonds",Series 14, Street Improvement Bonds," Series 18 "Light Extension Bonds," Series 16 "Sewer Extension Bonds," and Series 17 "Water Works Extension Bonds;" all of said bonds to be in denominations of One Thousand Dollars ($1,000. 00) each to be sold at not less than par and bearing interest from date at the rate of four and one-half (4-j%) per centum per annum, payable semi-annually with coupon interest notes I attachett; said bonds to. run for a period of forty (40) years, but redeemable at the expiration of twenty (20) years, or any interest-paying period thereafter, and providing for the levy of a tax for the creation of a sinking fund and for payment of the interest on said bonds, and WHEREAS, by the terms of Section 18, Chapter V111, of the present Charter of the City of Fort Worth, enacted by the Thirty-first Legislature of the State of Texas, among other authorities therein given, power is and was conferred on the Board of Commissioners of the City of Fort Worth to issue - bonds for any lawful municipal purpose; provided that no bond shall be issued nor bonded debt created, unless authority there- for shall first • be submitted to the qualified voters who pay taxes ' on property in said City of Fort Worth, and WHEREAS, on the 5th, day of October A. D. 1909, said Board of Commissioners, pursuant to the aforesaid charter provision;' by order of that date adopted, (referred the matter i Of said bond' issue and authority to enact an ordinance there- for, to the qualified voters of the City of Fort Worth who are, and were tax paying property owners in said City, at an -2- election held for that purpose in the various wards of said City, on the 12th, day of October A. D. 1909; and, WHEREAS, on the 12th, day of October A. D. 1909 an election was duly and legally held in the said City ofFort Worth, in the various wards of said City, at which was submitted to the qualified tax-paying voters of said City, the matter of the issuance of said bonds in the following form, to-wit: First Proposition/ Do you favor the issuance of $65,000.00 of bonds for the purpose of erecting fire halls? Yes - No. Second Proposition. Do you favor the issuance of $135,000.00 of bonds for the purpose of improving the public streets aid thoroughfares? YES - NO. Third Proposition, Do you favor the issuance of $150,000.00 of bonds for the purpose of- extendirie the present server system? YES - No. Fourth Proposition. Do you favor the issuance of $275,000.00 of bonds for ti the purpose of extending the present water system? YES - NO. Fifth Progosi_ tion; Do you favor the issuance of $25,000.00 of bonds for the purpose of extending the present lighting system? YES - NO. All of said bonds shall be payable forty (40) years from date, with option of redeeming same at any time after twenty (20) years from date, to be sold at not less than par and to i bear interest K at a rate not exceeding four and one-half (4j) per centum per annum, payable semi-annually; which said election resulted as follows: For the issuance of fire hall bonds WWS votes. Against the same _ - votes. For the issuance of Street improvement bonds, votes. Against the same 4,b -votes. For the issuance of sewer extension bonds t&Lvotes. Against the issuance of sewer extension bonds _votes. For the issuance of water extension bondsIzllTvotes Against the s&ae Zt votes. For the issuance of light extension bonds _votes. Against the same _votes. WHEREAS, on the 13th, day of October A. D. 1909, at is a -3- meeting of the Board of Commissioners of the City of Fort Worth on said date, returns of said election were duly canvass - ed and the vote counted, and the AaaWUltb" declared as hereinbefore specified. NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF COMMISS- IONERS OF THE CITY OF FORT WORTH: Section l: That the Mayor and City Secretary of the City of Fort Worth be, and they are hereby authorized and directed to prepare and execute in the name of and for and on behalf of the City of Fort 'Worth, and under its corporate seal* as the obligation of said City, bonds of the corpo rate government of said City, which shall be known and denominated as "Series 13, Fire Hall Bonds of the Aggregate Principal Sum of Sixty-five Thousand Dollars ($65,000.00)," "Series 14, Street Improvement Bonds of the Aggregate Principal Sum of One Hundred and Thirty-five, Thousand Dollars ($136,000.00)," "Series 15, Light Extension Bonds of the Aggregate Principal Sun of Twenty-five Thousand Dollars ($25,000.00)," Series 16, Sewer Extension 'Bonds Thousand of the Aggregate Principal Sum of One Hundred and Fifty Dollars A ($150,000.00)," "Series 17,Water Works Extension Bonds of the Aggregate Principal Sum of Two Hundred and Seven-five Thousand Dollars ($295,000.00)," and each of said bonds of each series shall recite upon -its face the purpose for ihich it is issued, and shall refer to the provision of the City Charter and this ordinance as authorizing same, and each and all of said bonds of each and every series shall be of the denominat- ion of One Thousand Dollars ($1,000.00) embracing in all, six hundred and fifty (650) bonds of the par value of Six Hundred and Fifty Thousand Dollars ($650,000.00). All of said bonds shall be dated the let, day of September A. D. 1909, and shall be and become payable forty (40) years from the date thereof, to bearer, with the provision, however, that the same shall be redeemable at the expiration of twenty (20) years from the date thereof, or at any interest-paying period thereafter, in which event, interest shall thereafter cease, and the interest coupons which shall have not ywt matured, shall be cancelled; which said bonds shall bear -4- interest at the rate of four and one-half (4*%) per centum per annum, payable semi-annually; which said interest shall be represented by coupon notes, each bond being only for the principal sum and having attached to it, eighty (80) coupon notes of the value of twenty-two and 50100 Dollars ($22.50) each, representing semi-annual interest installments, both principal and interest payable to bearer at the Hanover National Bank in the City of New York, State of New York, in gold coin of the United States of the present weight and fineness; all such bonds shall be executed in the name of the City of Fort Wath by the Mayor, and attested by the City Secretary under the corporate seal of the City; save that in the matter of the coupons, the engraved- or lithographed signatures of the Mayor and City Secretary shall be sufficient. Section 2: Said bonds shall not be sold for less than par and the accrued interest. Section 3: To provide for the interest on all of the bonds issued under this ordinance and to create a sinking fund therefor, of not less than two (2%) per centum per annum of same, there is hereby levied and same shall be collected as provided by law set apart and appropriated for said purpose -s, an annual, direct, special ad valorem tax, beginning with the assessment and levy for the year 1909 of eight and three-four- th (8f) cents on every one hundred dollaas ($100.00) of valuatidn on all property, real, personal and mixed, subject to taxation by said City of Fort Worth and not exempt by law from M municipal taxation, and the said tax, or so much thereof as may be necessary for the payment of said interest and the creation of said sinking fund shall be annually assessed, levied and collected during the life of said bonds, and if at any time, said tax should be insufficient for such purposes, then it shall be the duty of the Board of Commissioners or other governing body of said City of Fort Worth to set apart and appropriate such additional amount of money out of the general revenues of the City, as may be requisite to supply the deficiency, until all interest shall have been paid, and a r 5- sinking fund established as required by the Constitution of the State of Texas and the Charter of the City of Fort Worth. Section 4: The taxable fund hereinb6tore provided for to cover interest and sinking fund as aforesaid, shall be collect- ed, held and listed as a separate account upon the books of said Cit.%,, and the proceeds held and kept by the City Treasurer as a separate and distinct account and specified as such upon his books, and =aid fund shall not be used or utilized in whole or in part except for the purposes for which it was created, and it shall be unlawful for the Treasurer of the City of Fort Wath to honor or recognize any check, warrant, draft or order upon such funds, except for the purposes aforesaid, provided, ho Wever, that the sinking fund and all accretions thereto may be invested by order of the Board of Commissioners or other governing body of the City of Fort Wath, in bonds of the gity of Fort Worth or County bonds of the State of Texas, or in bonds of the United States, but same shall not be invested in any other manner, nor shall said moneys be diverted to any other purpose than the payment of interest and the creation of the sinking fund as aforesaid . Section 5: Said bonds shall not be negotiated, sold or transferred until same shall have been presented to the Attorney-General of the State of Texas, and his official sanction of same shall have been manifested as prescribed by law. Section 6: The City Treausrer of the City of Fort Worth shall, during the months of August and February of each year and not later than the 20th, of each such month, transmit sufficient moneys out of the interest fund hereinbefore created for the payment of the sed-annual interest accruing upon said bonds, to the Hanover National Bank of New York City, in the State of New York, but in the event that such Bank shall be non-existent or go out of business or f1kil or refuse to act, then the said moneys shall be transmitted by the said Treausrer of the City of. Fort Worth to the Fiscal Agent of said City, residing in New York City, State of New York. ,b L -6- Section 7: This ordinance shall take effect and be in force from and after its passage as prescribed by law. I hereby certify that the above and foregoing ordinance was duly presented and unanimously passed by the 13oard of Commissioners of the City of. Fort Worth, at a regular adjourned session of said board held October 13th, 1909. Ty Secretary. U 2T I TED S T ATF S O F A Ed E 8 I C A ST.ZZ O,,,Ii' TEX.1Z CITY OF FORT TORAH $1,000.00 FIRE HALL BOYD. SERIES 13. On the first day of September A. D. 1949, for value rec ived, the City of Fort Worth, in' the County of Tarrant and State of Texas, a municipal corporation created and duly incorporated by special act of the Legislature and under and by virtue of the laws of the State of Texas, promises to pay to bearer at the Hanover National Bang in the City of New York, State of New York, One Thousand Collars ($1,000.00) with interest thereon, represented by coupon notes hereto attabh -ed,at the rate of four and one-half (4*%) per centum per annum, payable semi-annually on the first day of September and March of each and every year on the presentation and surrend- er of the respective coupons hereto attached as they severally become, due, both principal and interest payable in gold coin of the United States of the present weight and fineness. The option is hereby reserved to the said City of Fort Worth to redeem this bond and pay the same at the expiration of twenty (20) years from the date hereof, or at any interest paying period thereafter, in which event, the interest coupons which have not matured, shall be delivered up and cancelled. This bond is one of a series of sixty-five (65) bonds of like amount, tenor and effect issued for the purpose of borrowing money, which shall be spent for the purpose of building fire halls In the City of Fort Torth, pursuant to the provisions of Section 18, Chapter V111, of the Charter of said City, granted by Act of the Thirty-first Legislature of the State of Texas and Ordinance N0. IAV � of the Board of Commissioners of the City of Fort 'Zorth, passed APO In pursuance thereof. Ind it is hereby certified and recited that all acts, c~-nditions and things required to be done pursuant to wd in the issuance of this bond have been properly done, happened and performed in regular and due form as required by law and that the total indebtedness of said City, including this bond, does not exceed the constitutional or statutory limitation* In witness whereof, the said Board of Commissioners of the City of Fort Worth, Texas, have caused this bond to be signed and subscribed by the Mayor as the corporate act of the government of said City, attested by the City Secretary thereof, under the seal of the City hereunto duly impressed on this the day of A. D. 1909. ATTEST; IL 0 R . C I Y T SECRETARY. T s CITY a FORT WORTH Will pay to the bearer the sum of Dollars ( ) on the day of . D. 1909, at the hanover national bank in the City of New York; being six (6) months' interest on Fire Hall Bond No. Series 13. MAY 0 R. ATTEST; C I T Y A E C R .1L T A R Y. 2Z A M _ RIC A k STAT} 0 T.RXAS CITY 0 FORT :;CRT' No, $1,000.00 -TRLBT I:42R011 T—IFT '2a ::�iL:S lg• On the first day of September A. D. 1949, for value received, the City of Fort Worth, in the County of Tarrant aAd State of Texas, a municipal corporation created and duly incorporated by special act of the Legislature and under and by virtue of the Laws of the State of Texas, promise to pay to bearer at the Hanover National Bank in the City of New York, State of New York, One Thousand Dollars ($1,000.00) with interest thereon,regresented by coupon notes hereto attached, at the rate of four and one-half (4*0) per centum per annum, payable semi-annually on the first day of September and March of each and every year on the presentation and surrender of the respective coupons hereto attached as they severally be=- come due, both principal and interest payable in tgold coin of the United States of the present weight and fineness. The option is hereby reserved to the said City of Fort Worth to redeem this bond and pay the same at the expirat- ion of twenty (20) years from the date hereof, or at any interest paying period thereafter, in which event, the interest coupons which have not matured, shall be (blivered 'op and cancelled. This bond is one of a series of one hundred and thirty-five (135) bonds of like amount, tenor and effect issued -for the purpose of borrowing money which shall be spent for the purpose of improving the Streets and Public Thoroughfares of the City of Fort Worth, pursuant to the provisions of Section 18, Chapter V111, of the Charter of said City, granted by Act of the Thirty-first Legislature of the State of Texas and Ordinance No. d ' of the Board of Commissioners of the City of Fart Worth, passed in pursuance thereof. ti And it is hereby certified and recited that all acts, conditions and things requfired to be done pursuant to and in the issuance of this bond have been properly done, happened and performed in reqular and due form as required by law and that the total indebtedness of said City, including this bond, does not exceed the constitutional or statutory limitation. In witness whereof, the said Board of Commissioners of the City of Fort Worth, Texas, have caused this bond to be signed and subscribed by the Mayor as the corporate act of the government of said City, attested by the City Secretary thereof, under the seal of the City hereunto duly impressed on this the dr. . of A. D. 1909. ATTRST: Y A Y 0 R. C I TY SECRETARY,. THE CITY 0 + FO i 141ORT11 Will pay to the bearer the sum of Dollars (;, ) on the day of 1909, at the Hanover National Bank in the City of New York; being six (6) months' interest on Street Improvement Bond I"o. Series 14. ATTEST: M A Y 0 R. C I TY SEC RET AIRY. U �iITEP STATE-S OF AMERICA T . ; No, $1,UUU.U0 On the first day of September D. 1949, for value received, the City of Fort "'-_rth, in the County of Tarrant aril State of Texas, a municipal corporation created and duly Incorporated by ipecial act of the 7,e-fslature and under and by virtue of the Laws of the St&te of Texas, promises to pay to bearer at the 'ranover Natirnal Bank in the City of New York, State of "ew York, One Thousand Dollars (,_' ,000.00) with interest "_treon, -eprn—rated b,- •oupon notes her--to attached, at the rate of four and one-half (4e,') per centum per annum, paya Is semi-a,nnuall�r on the first iy of September and 11arch of each and every stir an the presen' tion and surrender of "he re ,-,ective coupons hereto attached as they severally become, due, both princl4r-1 and interest payable in gold coin of the United States of the present wdtght and. fineness. The option is hereby reserved to the said City of Fort Worth to redeem this bond and pay the s zne at the expiration of twenty (20) years from the date hereof, or at any interest paying period t}.ereafte*, in Ohtch event, the interest coupons which have not matured, shall be delivered up and cancelled. This bond is one of a series of twenty-five (25) bonds of like amount, tenor and effect issued for the purpose of borrowing money, r�-Ich shall be spent for the purpose of extending the present lighting system of the City of Fort Worth, pursuant to the prodsions of Section 18, Chapter V111, of the Charter of the said City, granted IV Act of the Thirty-first Legislature of the State olf Texas and Ordinance '-o. ' ' of the Board of Commissioners a 'JCA ST T1 0 TLXAS. WORT:: 0• , !1,000.00 On the first day of September ,'. D. 1849, for slue received, the City of Fort -%,rth, in the County of Tarrant and State of ^exas, a municipal corporation created and duly Incorporated by special act of the Legisl ture and under and by virtxe of the Laws of the State of Texas, promises to pay to beprer at the Hanover '-ationr'1 Bank in the City of -ew York, State of New York, One Thousand Dollars („'.,000.00) with interest thereon, represented by coupon notes hereto attached, at the rate of fo °r and one-half ( ;-,:) per centum per annum, payable on tLe fir day of September and "arch of ea.c:. and every yer on the presentation and surrender of the respective coanons '--reto attached as the, severally become due, both principal and interest pa.- .ble in gold coin of the United States of the present veight and fineness. The option is hereby reserved to the said City of Fort Worth to redeen this bond and pay 1hp same t the expiration of twen'y (ZO) years from the date •...f, or -.t any interest paying period the rafter, in • 1 Ic' vent, the interest coupons which have not : ^.tuned, shal'_ ' e deliver.d up and c ncelled. Th's bond is one of a series of one 1-.unfired -.-d fift;,- (15� j 'bonds of like amount, tenor and -effjpct issued for the purpose of ')orrowing money, whic.:� Q7-a72_,`-e spent fpr the V,=s�ose of extendi.L_ the present -ewer .-stein of 4''e City of "-irt Vortr, pux uant to the .isi,''° o4 Section 18, 'l eer '7111, of t: .e Charter of s, id City, gr•nV?d ry .ict � F -2- of the Thirty-first Legislature of the State of Texas and Ordinance No.. !' fy of the Board of Commissioners of the City of Fort Worth, passed in pursuance thereof. And it is hereby certified and recited that all acts, conditions and things required to be done pursuant t ^nd in the issuance of this bond have been oyrly done, happ4ne.d and performed in regular and due form as required by law and that the total indebtedness of said City, including this bond, does n t exceed the constit°.itional or statutory limitation. In witness whereof, the said Board of Commissioners of the City of Fort Worth, Texas, have caused this bond to be signed and subscribed by the Mayor as the corporate act of the government of said City, attested by the City Secretary thereof, under the seal of the City hereunto duly impressed on this the day of A. D. 1909. ATTEST: M A Y 0 R. C I Y S y C .. :. RY. ,ETRE CITY Will pay to bearer the sum -�f Dollars (w ) on the r day of p 1909, at the Hanover National Bank in the City of New York; being six (6) months' interest on Sewer Extension Bond No.. Series 16. ATTEST: M A TY 0 P.. C I TY SEC R : T ARI. R PA T A T S O F A �d E R I C- S A T:.'CAS CITY FORT ,'UR u �1,000.00 On the first day of September A. D. 1949, for value received, the City of Fort t°orth, in the County of Tarrant add State of Texas, a municipal corporation created and duly Incorporated by special act of the -egislature and under and by virtue of the Laws of the State of Texas, promises to pay to bearer at the Hanover National Bank in the City of Ycw York, State of New York, One Thousand Dollars ($1,000.00) witu Interest thereon, represented by coupon notes hereto "tached, at the rate of foiir and one-half (4j,°_`•) per centum per annum, payable semi-annually on the first day of September and "arch of each and every year on the presentation and surrender of the respective coupons hereto attached as the, severally become due, both principal and interest payable in gold coin of the United States of the present ­pi-1,t and fi-eness. The option is hereby reserved to the said City of Fort worth to redeem this bond and pay the same at the expiration of twenty (20) years from the date hereof, or at any interest paying period th emfter, in which event, the interest coupons which have not watured, shall be delivered up and cancelled. This bond is one of a series of Two Hundred and Seventy-five (025) bonds of like amount, tenor and effect Issued for the '7urpose of borrowing money, which shall be spent for the purpose of extending the present ••-iter syste,:: of the City of Fort 'orth, ,,ursuant to the provisions of Section 18, Chapter Ylll, of the Charter of the City, granted by Act of the Thirty-first Legisl- tire of the State of Texas and Ordinance "o. 1!11 -- of the Board of Commissioners of the City of Fort Worth, pegged in oursuance thereof. -2- And it is hereby certified and recited that all acts, conditions and things required to be done pursuant t^ and in the issuance of this bond have been properly done, happened and performed in regular and die form as required by law and that the +ntal indebtedness of said City, including this bond, does not exceed the constitutional or statutory limitation. In witness whereof, the said "oardof Commissioners of the City of Fort Worth, Texas, have caused this bond to be signed and subscribed by the Mayor as the corporate act of the government of said City, attested by the City Secretary thereof, under the seal of the City hereunto duly impressed on this the day of A. D. 1909. ATTEST: IL A Y 0 R. C I TY SFC R2TARY. TBTu C I TY OF FORT WORTH Will nsy to t'- bearer *ft the sum of Dollars (4;, j on the day of .A 1909, at the Hanover National Bank in the City of New York; being six (6) months' interest on Water Works Extension Bond No series 17. ATTEST. 11 A Y 0 R. C I TY SEC RE T .� RY.