HomeMy WebLinkAboutOrdinance 2431 ORDINANCE NO.
AN ORDINANCE PROVIDING FOR THE ISSUANCE OF NEGOTIABLE
COUPON BONDS OF THE GOVERNMENT OF THE CITY OF FORT WORTH,
TEXAS, AMOUNTING TO THE PRINCIPAL SUM OF SEVEN HUNDRED
AND FIFTY THOUSAND DOLLARS ($750,000.00), IN ADDITION TO
THE SUM OF FIVE HUNDRED THOUSAND DOLLARS ($500,000.00)
WORTH OF SAID BONDS HERETOFORE ISSUED OUT OF AN AUTHORIZED
ISSUE OF ONE MILLION, FIVE HUNDRED THOUSAND DOLLARS
($1,500,000.00), AND BEING KNaIN AS SERIES 77 AND DESIG-
NATED AS "AGRICULTURAL AND LIVESTOCK EXHIBIT BUILDING
BONDS,- TO BE ISSUED FOR THE PURPOSE OF CONSTRUCTING,
EQUIPPING AND IMPROVING AGRICULTURAL AND LIVESTOCK EX-
HIBIT BUILDINGS FOR SAID CITY, AND ACQUIRING THE NECES-
SARY LANDS THEREFOR FOR SAID CITY, EACH OF SAID BONDS TO
BE IN THE DENOMINATION OF ONE THOUSAND DOLLARS ($1,000.00),
TO BE DATED JUNE 1, 1947,'MATURING FROM ONE (1) TO TWENTY-
FIVE (25) YEARS FROM THE DATE THEREOF, THE FIRST FIVE
HUNDRED AND SEVENTY THOUSAND DOLLARS ($570,000.00) WORTH
OF SAID BONDS TO BEAR INTEREST AT THE RATE OF TWO PER CENT
(2%) PER ANNUM AND THE NEXT ONE HUNDRED AND EIGHTY THOUSAND
DOLLARS ($180,000.00) WORTH OF SAID BONDS TO BEAR INTEREST
AT THE RATE OF TWO AND ONE-QUARTER PER CENT (2 ) PER AN-
NUM, SAID INTEREST BEING PAYABLE SEMI-ANNUALLY, THE IN-
TEREST TO BE EXPRESSED IN COUPON NOTES ATTACHED TO THE
BONDS; DIRECTING THAT THE SAID BONDS BE EXECUTED BY THE
MAYOR AND CITY SECRETARY; PROVIDING FOR AN ADEQUATE TAX
LEVY FOR THE PAYMENT OF THE INTEREST ON SAID BONDS AND TO
CREATE A SINKING FUND FOR THE PAYMENT OF THE PRINCIPAL
THEREOF AS THE SAME MATURES FROM TIME TO TIME; AND PRO-
VIDING THAT THIS ORDINANCE SHALL BE IN FORCE AND EFFECT
FROM AND AFTER THE DATE OF ITS PASSAGE.
WHEREAS, on the 5th day of September, A. D. 1945, pursuant to the
authority vested in said City by Section 19 -of Chapter XXV of the Charter
of the City of Fort Worth, adopted by the qualified voters within the
limits of said City on the 11th day of December, A. D. 1924, and the laws
and Constitution of the State of Texas, the City Council of the City of
Fort Worth, Texas, by an ordinance of that date, directed the submission
to the qualified electors who own taxable property in the City of Fort
Worth, Texas, and who have duly rendered the same for taxation, at an
election to be held in said City on the grid day of October, A. D. 1945,
of the right, power and authority of the City Council of the City of Fort
Worth, Texas, to issue negotiable coupon bonds of the corporate government
of said City in the principal sum 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,
and acquiring the necessary lands therefor for said City; and,
WHEREAS, in conformity with said ordinance, the Mayor of said City
did take proclamation of said election and fined the date thereof for
the 2nd day of October, A. D. 1945; and,
WHrEREAS, said election order and proclamation thereof were pre-
pared and published in the manner and for the time prescribed in said
ordinance; and,
WHEREAS, 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
designated 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,
WHEREAS, 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 fol-
lows:
OFFICIAL BALLOT
I.
Shall the City of Fort Worth, Texas, through its City Council, is-
sue its negotiable cou on bonds in the principal sum of Nine Million
Dollars ($9,000,000.00 for the purpose of constructing, improving and
extending the streets, thoroughfares and storm sewers of said City, in-
cluding in•such permanent' public improvements the straightening, widen-
ing, paving, grade separation, lighting and drainage of said streets
and thoroughfares, and acquiring the necessary lands therefor, said
bonds being payable serially as may be determined by the City Council
so that the last maturing bonds shall become payable within forty (401
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 maturity thereof?
FOR the Issuance of Street Improvement Bonds.
AGAINST the Issuance of Street Improvement Bonds.
able property in the City of Fort Worth, Texas, and who have duly ren-
dered the same for taxation, to issue said bonds for the purposes afore-
mentioned 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
18th day of December, 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 Five Hundred Thousand Dollars ($500,000.00); and,
WHEREAS, all of the above described bonds were issued out of an au-
thorized issue of One Million, Five Hundred Thousand Dollars ($1,500,-
000.00) worth of said bonds, 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 October, A. D. 1945, and all of them being a part
of and known as Series 77, and designated as "Agricultural and Livestock
Exhibit Building Bonds"; and,
WHEREAS, 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 law, that Seven Hundred and Fifty Thousand Dollars ($750,000.00)
worth of said bonds, in addition to the Five Hundred Thousand Dollars
($500,000.00) worth of said bonds heretofore issued and sold out of the
authorized issue of One Million, Five Hundred Thousand Dollars ($1,-
500,000.00), be issued in bonds at this time, said bonds to be issued
being a part of Series 77 and designated as "Agricultural and Livestock
Exhibit Building Bonds"; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS:
SECTION I.
That the municipal government of the City of Fort Worth, Texas, is-
sue its corporate negotiable coupon bonds in the principal sum of Seven
Hundred and Fifty Thousand Dollars ($750,000.00), this amount being in
addition to the Five Hundred Thousand Dollars ($500,000.00) worth of said
bonds heretofore issued by an ordinance lawfully passed and adopted by the
said City Council on the l8th day of December, A. D. 1946; that the said
bonds above described were issued and sold out of an authorized issue
of One YdUion, Five Hundred Thousand Dollars ($1,500,000.00), authorized
to be issued at a proper election held on the 2nd day of October, A. D.
1945, and which bonds are known as Series 77 and designated "Agricultural
and Livestock Exhibit Building Bonds"; that the bonds so to be issued
shall be in the denomination of One Thousand Dollars (61,000.00) each,
dated June 1, 1947, the first Five Hundred and Seventy Thousand Dollars
(6570,000.00) worth of said bonds, maturing from 1948 to 1967, inclusive,
to bear interest at the rate of two per cent (2%) per annum and the next
One Hundred and Eighty Thousand Dollars (6180,000.00) worth of said bonds,
maturing from 1968 to 1972, inclusive, to bear interest at the rate of
two and one-quarter per cent (2�%) per annum, payable semi-annually on
the first day of December and June of each year respectively, both prin-
cipal and interest of said bonds being payable at the Central Hanover Bank
and Trust Company, in the City of New York, State of New York, the semi-
annual interest being evidenced by interest coupons attached thereto, all
of said bonds to be executed for and on behalf of the City of Fort Worth,
Texas, by the Mayor thereof, attested by its City Secretary, with the
seal of the City therm duly impressed, but the interest coupons to be
executed with the lithographed facsimile signatures of the Mayor and
City Secretary of the City of Fort Worth, Texas; that each of said bonds
and coupons shall be negotiable and payable to bearer, and said bonds shall
be numbered in the way and manner hereinafter set out, so that the last
maturing bond shall become payable within twenty-five (25) years from
the date thereof, and the bonds themselves, seven hundred and fifty (750)
in number, shall be numbered consecutively from five hundred and one
(501) to twelve hundred and fifty (1,250), inclusive, and shall mature
in the amount and manner hereinafter set out; and that said bonds shall
be issued for the purpose of constructing, equipping and improving agri-
cultural and livestock exhibit buildings for said City, and acquiring
the necessary lands therefor for said City.
That the general form of said bonds and the coupons thereto an-
nexed and the interest added to said bonds shall be executed substantially
in.the following form:
SECTION II.
That the said bonds so to be issued by the City of Fort Worth,
Texas, amounting to Seven Hundred and Fifty Thousand Dollars ($750,-
000.00), in addition to the sum of Five Hundred Thousand Dollars 4500,-
000.00) worth of said bonds heretofore issued out of the said authorized
issue of One Million, Five Hundred Thousand Dollars ( 1,500,000.00),
shall be issued for the purpose of constructing, equipping and improving
agricultural and livestock exhibit buildings for said City, and acquir-
ing the necessary lands therefor for said City, and shall consist of
seven hundr4d and fifty (750) bonds numbered from five hundred and one
(501) to twelve hundred and fifty (1,250), inclusive, andithe first
Five Hundred and Seventy Thousand Dollars ($570,000.00) worth of said
bonds, maturing from 1948 to 1967, inclusive, shall bear interest at the
rate of two per cent (2%) per annum, and the next One Hundred and Eighty
Thousand Dollars ($180,000.00) worth of said bonds, maturing from 1948
to 1972, inclusive, shall bear interest at the rate of two and one-
quarter per cent (2y%) per annum, payable semi-annually as aforesaid, all
of which said seven hundred and fifty (750) bonds shall be known as Series
77 and shall be styled and designated as "Agricultural and Livestock Ex-
hibit Building Bonds"; and that all of the said bonds, comprising the
sum total of Seven Hundred and Fifty Thousand Dollars ($750sOOO.00),
shall mature in numerical order in the manner and amounts set out in
the tabulated statement herewith attached, to wit:
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 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
mature, there is hereby levied for the year 1947 and for each succeeding
year thereafter so long as the same may be necessary, to provide for the
interest and annual installments of principal of said bonds, on all prop-
erty in the City of Fort Worth, Texas, liable to taxation, a straight ad
valorem tax of2.04705 cents on the one hundred dollar valuation of said
property, or so much 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 princi-
pal 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 1947 and for every successive year during the life of said bonded
indebtedness or any part 'thereof, to include in such levy the special tax
of 2.04705 cents on the one hundred dollar property valuation (or so much
thereof as may be requisite and necessary), provided for in the next pre-
ceding section of this ordinance, and said special tax shall on no account
whatever be displaced therefrom.
SECTION VI.
That the special tax hereinbefore provided for, when collected,
shall be placed 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 separate 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 pre-
pared and signed in the manner prescribed by the ordinance, they shall be
submitted to the Attorney General of the Statb of Texas, together with
a certified 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 law, and thereafter said
bonds shall be placed with the State Comptroller of Public Accounts for
registration.
SECTION VIII.
That the City Treasurer of the City of Fort Worth, or-other lawful
custodian 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 hereinbefore created for the payment of the
semi-annual interest accruing on said bonds to the Central Hanover Bank
and Trust Company, of the City of New York, State of New York, and like-
wise proper remittance shall be made in due course to provide for the
payment of the principal of any of said bonds in advance of the maturity
of same.
SECTION I%.
That this ordinance shall take effect and be in full force and ef-
fect from and after the date of its passage, and it is so ordained.
Mayor of the City of Fort Worth, Texas
ATTEST:
City Secretary of the City of
Fort Worth, Texas
APPROVED AS TO FORM AND LEGALITY:
e"��
City Attorney of the Ci -y-of
Fort Worth, Texas
S� a 09.4
a - •a.
'� 0
II.
Shall the City of Fort Worth, Texas, through its City Council, is-
sue its negotiable coupon bonds in the principal sum of Two Million,
Five Hundred Thousand Dollars ($2,500,000.00) for the purpose of estab-
lishing, equipping, extending and improving municipal airports and land-
ing fields for airplanes, aircraft and other aerial machines, and ac-
quiring the necessary lands therefor, said bonds being payable serially
as may be determined by the City Council so that the last maturing
bonds shall become payable within forty t40) 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 matuvity thereof?
FOR the Issuance if Airport Bonds.
AGAINST the Issuance of Airport Bonds.
III.
Shall the City of Fort Worth, Texas, through its City Council, is-
sue its negotiable coupon bonds in the principal sum of Two Million Dol-
lars (12,000,000.00) for the purpose of improving, extending and enlarg-
ing the sanitary sewer system and sewage disposal plant of said City,
and acquiring the necessary lands therefor, said bonds being payable
serially as may be determined by the City Council, so that the last ma-
turing 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 suf-
ficient 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 Sanitary Sewer System and Sewage Disposal
Plant Bonds.
AGAINST the Issuance of Sanitary Sewer System. and Sewage Dis-
posal Plant Bonds.
IV.
Shall the City of Fort Worth, Texas, through its City Council, is-
sue its negotiable cou n bonds in the principal sum of Three Million
Dollars ($3,000,000.Wfor the purpose of improving, extending and en-
larging the water works and water works system of said City, and acquir-
ing the necessary lands therefor, said bonds being payable serially as
may be determined by the City Council so that the last maturing bonds
shall become payable within forty (40j 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 siflking fund sufficient
to redeem said bonds at the maturity thereof?
FOR the Issuance of Water Works Bonds.
AGAINST the Issuance of Water Works Bonds.
Shall the City of Fort Worth, Texas, through its City Council, is-
sue its negotiable coupon bonds in the principal sum of Three Hundred
Thousand Dollars ($3003000.00) for the purpose of constructing, building
and equipping a police station and jail building, said bonds being pay-
able serially 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 interest at a rate not to exceed four per cent (1%)
per annum from the date thereof, payable semi-annually, and levy a suf-
ficient 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 Police Station and Jail Building Bonds.
AGAINST the Issuance of Police Station and Jail Building Bonds.
VI.
Shall the City of Fort Worth, Texas, through its City Council, is-
sue 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 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 maturity thereof?
FOR the Issuance of Park Bonds.
AGAINST the Issuance of Park Bonds.
VII.
Shall the City of Fort Worth, Texas, through its City Council, is-
sue its negotiable coupon bonds in the principal sum of Five Hundred Thou-
sand Dollars ($500,000.00) for the purpose of purchasing, acquiring and
improving the playgrounds and recreation parks of said City, said bonds
being payable serially 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 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 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, is-
sue its negotiable coupon bonds in the principal sum of Eight Hundred
Thousand Dollars ($800,000.00) for the purpose of constructing, building
and equipping an art and children's museum for said City, and acquiring
the necessary land therefor, said.bonds being payable serially 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
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 re-
deem said bonds at the maturity thereof?
FOR the Issuance of Art and Children's Museum Bonds.
AGAINST the Issuance of Art and Children's Museum Bonds.
U.
Shall.the City of Fort Worth, Texas, through its City Council, is-
sue its negotiable coupon bonds in the principal sum of Five Hundred
Thousand Dollars ($500,000.00) for the purpose of constructing, build-
ing 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 determined by the City Council so that the
last maturing bonds shall become payable within forty (40j years from
the date thereof, bearing interest at a rate not to exceed four per
cent (1%) 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 maturity thereof?
FOR the Issuance of Recreation Center Building and Amphi-
theater Bonds.
AGAINST the Issuance of Recreation Center Building and
Amphitheater Bonds.
%.
Shall the City.of Fort Worth, Texas, through its City Council, is-
sue its negotiable coupon bonds in the principal sum of One Million,
Five Hundred Thousand Dollars ($1,500,000.00) for the purpose of con-
structing, equipping and improving agricultural and livestock exhibit
buildings for said City, and acquiring the necessary lands therefor,
said bonds being payable serially 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 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
maturity thereof?
FOR the Issuance of Agricultural and Livestock Exhibit
Building Bonds.
AGAINST the Issuance of Agricultural and Livestock Exhibit
Building Bonds.;
and,
WHEREAS, in the election held in said City of Fort Worth, Texas,
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 issuance of said bonds; and,
WHEREAS, by virtue of said election,said City Council is vested
with power and authority by and from the qualified electors who own tax,
NO. UNITED STATES
OF AMERICA
STATE OF TEXAS, COUNTY OF TARRANT
SERIES 77
C I T Y O F F 0 R T W 0 R T H
--00000--
Agricultural and Livestock Exhibit Building Bond of the City of Fort
Worth issued for the purpose of constructing, equipping and im-
proving agricultural and livestock exhibit buildings for
said City, and acquiring the necessary lands therefor.
KNOW ALL MEN BY THESE PRESENTS
That the government of the City of Fort Worth, a municipal corpora-
tion duly created under the laws of the State of Texas, hereby acknowl-
edges itself to owe, and for value received promises to pay to bearer,
ONE THOUSAND DOLLARS ($1,000.00)
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
percentum ( %) per annum, payable semi-
annually on the first day of December and June in each year, on presen-
tation and surrender of the annexed interest coupons as they severally
fall due. Both the principal and interest 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 payment of this bond at
the maturity thereof, and the interest thereon when 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 seven hundred and fifty (750) bonds
numbered consecutively from five hundred and one (501) to twelve hundred
and fifty (1,250), inclusive, in the denomination of One Thousand Dollars
($1,000.00) each, amounting in the aggregate to the sum of Seven Hundred
and Fifty Thousand Dollars ($750,000.00), issued for the purpose of con-
structing, equipping and improving agricultural and livestock exhibit
buildings for said City, 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 ordinance lawfully passed
and adopted by the City Council of the City of Fort Worth, pursuant to
valid authority 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 required 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 pre-
scribed by law, so as.to make this bond a legal, binding and valid ob-
ligation 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 prop-
erty in the City of Fort Worth, and that such tax has been levied in a
sufficient amount for the payment of the principal and interest of this
bond at the respective maturity dates thereof, and that the total in-
debtedness of said City, including this bond and the issue of which it
is a component part, does not exceed any constitutional or statutory
limitation.
i
IN TESTIMONY WHERDDF, the City of Fort Worth, in the State of Texas,
has executed this bond by causing it to be signed by its Mayor at-
tested by the City Secretary, with the seal of the City thereunto duly
impressed, and has caused the annexed interest coupons to be executed
with 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. 1947.
CITY OF FORT WORTH, TEXAS
BY
t�or
ATTEST:
City Secretary
4d
(FORM OF COUPON NOTE)
The City of Fort Worth, in the State of Texas, promises to pay to
Bearer 0 ) on the lst day of
19 �, at the Central Hanover Bank and Trust
Company, in the City of New York, New York, for interest due that day
i
on its Agricultural and Livestock Exhibit Building Bond, Series 77,
dated June Zi 1947, and numbered
CITY OF FORT WORTH, TEXAS
BY
I(aynr
ATTEST:
NO.
City Secretary
(CERTIFICATE OF COMPTRQLLER)
OFFICE OF COMPTROLLER,
STATE OF TEXAS.
I do hereby certify that there is on file and of record in my of-
fice 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 ob-
ligation upon said City of Fort 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 .
Comptroller of Public Accounts
of the State of Texas
CITY OF FORT WORTH
PRINCIPAL MATURITIES
$750,000.00 AGRICULTURAL AND LIVESTOCK EXHIBIT BUILDING BONDS
DATED JUNE 1, 1947
DUE JUNE 1ST PRINCIPAL MATURING
1948 $24,000.00
1949 24,000.00
1950 25,000.00
1951 25,000.00
1952 26,000.00
1953 26,000.00
1954 27,000.00
1955 27,000.00
1956 28,000.00
1957 26,000.00
1958 29,000.00
1959 29,000.00
1960 30,000.00
1961 30,000.00
1962 31,000.00
1963 31,000.00
1964 32,000.00
1965 32,000.00
1966 33,000.00
1967 33,000.00
1968 35,000.00
1969 35,000.00
1970 36,000.00
1971 37,000.00
1972 37,000.00