HomeMy WebLinkAbout07366 ORD - 09/30/1964/ 'f
. -CITY
OF CCORPOS•CHRISTI,
TEXAS
MAYOR
�,y
CITY MANAGER
DR. JAMES L. BARNARD
CITY COUNCIL
�' Q I,
y- - e
HERBERT W. WHITNEY
CITY SECRETARY
M YOUNG
RAY KRINO
JACK R. .a"MON
j88y
CITY OFFICE$
J. R. OB LEON
902 SOUTH SHORELINE
POST OFFICE BOX 1822
M. P. MALDONADO
W. J. ROBERTS
TELEPHONE TU 4.289I
W. H. WALLACE. JR.
September 30, 1964
TO THE CITY COUNCIL
CORPUS CHRISTI, TEXAS
Gentlemen:
The public importance and pressing need for the
permanent improvements to be constructed by use of the
proceeds of the bonds voted at the election held on
November 24, 1953, create an emergency and an imperative
public necessity requiring the suspension of rules and
Charter provisions requiring ordinances to be considered
and voted upon at three regular meetings. I, therefore
request that the City Council pass the proposed ordinance
authorizing the issuance of $125,000 Gas System Revenue
Bonds as an emergency. You will please consider this
request in connection with the ordinance which has been
introduced in the City Council on this subject.
Yo very truly,
es �. Yo g
TFames- ir.- $e�xa;d
MAYOR Pro Tem
THE STATE OF TEXAS
COUNTY OF NUECES
CITY OF CORPUS CHRISTI
On this the 30th day of September, 1964, the City
Co cil of the City of Corpus Christi, Texas, convened in
eeting, with the following members of said Council
p sent, to -wit:
—Dr.- James --L -.- Barnard° Mayor,
W. H. Wallace, Jr.
Jim Young P11-rl-
Jack R. Blackmon Commissioners
J. R. de Leon
M. P. Maldonado
W. J. Roberts
T. Ray Kring City Secretary,
with the following absent:
constitu ng a quorum, at which time
the following amo other business was transacted:
Mr. presented for the consideration of
the Council an ordinance. The ordinance was read by the
City Secretary. The Mayor presented to the Council a communica-
tion in writing pertaining to said proposed ordinance, as
follows:
"Corpus Christi, Texas
September-30, 1964
TO THE CITY COUNCIL
CORPUS CHRISTI, TEXAS
Gentlemen:
The public importance and pressing need for the
permanent improvements to be constructed by use of the proceeds
of the bonds voted at the election held on November 24, 1953,
create an emergency and an imperative public necessity requirin
the suspension of rules and Charter provisions requiring
ordinances to be considered and voted upon at three regular
meetings. I, therefore request that the City Council pass the
proposed ordinance authorizing the issuance of $125,000 Gas
7366
System Revenue Bonds as an emergency. You will please
consider this request in connection with the ordinance
which has been introduced in the City Council on this
subject.
You s very, r/u/l��y��,
lrivi.v /
'411Mayor . "Pto iem
Commissioner //- moved that the
Charter provision prohibiting ordinances from being passed
finally on the date introduced be suspended for the reasons
stated in the written request of the Mayor and stated in the
emergency clause o the ordinance. The motion was seconded
by Commissioner �ZThe motion was carried by a
unanimous vote by the City Council, viz:
AYES: Commissioners Blackmon, Wallace,-y -oung
de Leon, Maldonado and Roberts.
NOES: None.
The Mayor requested-that the records show that he
voted Aye. This was don
Commissioner moved that the ordinance be
passed finally. The motion was seconded by Commissioner
�► The motion was carried by the following
vote:
AYES: Commissioners Blackmon, Wallace,-*aurrg'
de Leon, Maldonado and Roberts.
NOES: None,
The Mayor Qre� quested that the records show that he
voted Aye. This- was done.
The Mayor announced that the ordinance had been
passed. The ordinance is as follows:
ORDINANCE NO. 7368
BY THE CITY COUNCIL OF THE CITY OF CORPUS
CHRISTI, TEXAS, AUTHORIZING THE ISSUANCE
OF CITY OF CORPUS CHRISTI, TEXAS, GAS SYSTEM
REVENUE BONDS, SERIES 1964, IN THE AMOUNT OF
$125,000; BEARING INTEREST AT THE RATE
HEREINAFTER PROVIDED; ISSUED FOR THE PURPOSE
OF IMPROVING, REPAIRING AND EXTENDING THE
CITY'S GAS SYSTEM: TO BE SECURED BY AND
PAYABLE FROM A PLEDGE OF THE NET REVENUES OF
THE CITY'S GAS SYSTEM; PROVIDING THAT THE
LIEN UPON THE REVENUES SECURING SUCH BONDS
SHALL BE OF EQUAL DIGNITY AND ON A PARITY
WITH THE PLEDGE SECURING $1,000,000 CITY OF
CORPUS CHRISTI, TEXAS, GAS SYSTEM REVENUE BONDS,
SERIES 1950; $400,000 CITY OF CORPUS CHRISTI,
TEXAS, GAS SYSTEM REVENUE BONDS, SERIES 1954;
$200,000 CITY OF CORPUS CHRISTI, TEXAS, GAS
SYSTEM REVENUE BONDS, SERIES 1954 -A, $150,000'
CITY OF CORPUS CHRISTI, TEXAS, GAS SYSTEM
REVENUE BONDS, SERIES 1955, AND $125,000 CITY
OF CORPUS CHRISTI, TEXAS, GAS SYSTEM REVENUE
BONDS, SERIES 1957; MAKING CERTAIN COVENANTS
OF THE CITY IN REFERENCE TO THE BONDS AND THE
BOND FUND FROM WHICH SAID PRINCIPAL AND INTEREST
IS TO BE PAID; ENACTING OTHER PROVISIONS RELATING
TO THE SUBJECT AND DECLARING AN EMERGENCY.
WHEREAS, the City of Corpus Christi, Texas, has
heretofore authorized the issuance of $1,000,000 of City of
Corpus Christi Gas System Revenue Bonds, Series 1950, dated
January 15, 1950,said bonds being secured by and payable from
the Net Revenues derived from the City's Gas System; and -
WHEREAS, such bonds were issued and sold in
accordance with law; and
WHEREAS, the ordinance authorizing such Revenue
Bonds provides that additional bonds secured solely by a pledge
of the Net Revenues of said Gas System may be issued while said
Series 1950 Revenue Bonds are outstanding for the purpose of
making improvements, repairs and extensions to the City's Gas
System, and that the payment of such additional bonds may be
secured by a lien upon the revenues of such gas system of equal
dignity and on a parity with the lien securing the Series 1950
Revenues Bonds, provided that no such additional bonds shall be
issued in an amount and under terms and conditions which would
cause the aggregate of all annual pledges securing said
Series 1950 Revenue Bonds and additional bonds to exceed
Fifty Seven and one -tenth (57.1%) per cent of the average
annual Net Revenues of the City's Municipal Gas System for
five fiscal years next preceding; and
WHEREAS, it was found necessary to immediately
improve, repair and extend the City's Gas System; and
WHEREAS, pursuant to such finding, an election was
held in the City of Corpus Christi, Texas, on the 24th day of
November, 1953, resulting favorably to the issuance of '
$1,000,000 Gas System Revenue Bonds, secured by a pledge
of the Net Revenues from the-operation of said system; and
WHEREAS, on March 17, 1954, the City Council of
the City of Corpus Christi, Texas, passed an ordinance di-
recting the issuance of $400,000 City of Corpus Christi, Texas,
Gas System Revenue Bonds, Series,1954, dated January 15, 1954,
0
(hereinafter called "Series 1954 Bonds "), reserving to the
City the right to issue the remaining $600,000 of such bonds
as and when needed and as conditions would permit; and
WHEREAS, on December 15, 1954, the City Council of
the City of Corpus Christi, Texas, passed an ordinance direct
the issuance of $200,000 City of Corpus Christi, Texas, Gas
System Revenue Bonds, Series 1954 -A, dated December 15, 1954,
(hereinafter called "Series 1954 -A Bonds "), reserving to the
City the right.to issue the remaining $400,000 of such bonds
as and when needed and as conditions would permit; and
WHEREAS, on December 14, 1955, the City Council of
the City of Corpus Christi, Texas, passed an ordinance di-
recting the issuance of $150,000 City of Corpus Christi, Texas,
Gas System Revenue Bonds, Series 1955,.dated December 15, 1955
(hereinafter called "Series 1955 Bonds "), reserving to the City
the right to issue the remaining $250,000 of such bonds as and
when needed and as conditions would permit; and
WHEREAS, on November 13, 1957, the City Council of
the City of Corpus Christi, Texas, passed an ordinance di-
recting the issuance of $125,000 City of Corpus Christi, Texas,
Gas System Revenue Bonds, Series 1957, dated November 15, 1957,
(hereinafter called "Series 1957 Bonds "), reserving to the City
the right to issue the remaining $125,000 of such bonds as and
when needed and as conditions would permit; and
WHEREAS, it is deemed advisable that the remaining
$125,000 of said authorized bonds be issued and sold at this
time; and
WHEREAS, it has been determined that the aggregate of
all annual pledges securing the Series 1950 Bonds,-the Series
1954 Bonds, the Series 1954 -A Bonds, the Series 1955 Bonds,
the Series 1957 Bonds and the additional bonds hereafter
authorized to be issued will not exceed Fifty Seven and one -
tenth (57.1%) per cent of the average annual net revenues of
the City's Municipal Gas System for the five (5) fiscal years
next preceding the date of the issuance of such.additional
bonds; and
WHEREAS, it is deemed advisable, expedient and
necessary that such additional-bonds now be issued;
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
1. That the bonds of the City of Corpus Christi,
Texas, be issued in the principal amount of $125,000, to be
known and designated as "City of Corpus Christi, Texas, Gas
System Revenue Bonds, Series 1964," for the purpose of
improving, repairing and extending the City's Gas System,
under and in strict conformity with the-Constitution and
laws of the State of Texas, particularly Articles 1111 to
1118, both inclusive, of the Revised Civil Statutes of
Texas, 1925, as amended, and the Charter of said City.
2. That said bonds shall be dated October 1-5, 1964;'
shall be numbered from 1 through 5, shall be in the denomination
of $25,000 each, aggregating $125,000, and shall become due
and payable on the 15th day of January in each of the years,
and in the amounts, respectively, as set forth in the following
schedule:
YEARS AMOUNTS
1969 $25,000
•1970 25,000
1971 25,000
1972 25,000
1973 25,000
3. That said City shall have the right and option
to redeem such bonds prior to their scheduled maturities, in
whole, or in part, on any interest payment date, for the
principal amount thereof plus accrued interest to the date
fixed for redemption.
At least thirty days before the date fixed for any
such redemption, the City shall cause a written notice of such
redemption to be published at least once in a` financial
publication printed in the City of New York, New York. By
the date fixed for any such redemption, due provision shall be
made with the paying agent for the payment of the principal
amount of the bonds to be so redeemed, plus accrued interest
thereon to the date fixed for redemption. If the written
notice of redemption is published, and if due provision for
payment is made, all as provided above, the bonds, which are
to be so redeemed, thereby automatically shall be redeemed
prior to maturity, and they shall not bear interest after the
date fixed for redemption, and shall not be regarded as being
outstanding except for the purpose of receiving the funds so
provided for such payment.
- — — A -
U
4. That said bonds shall bear interest, from
their date until maturity or redemption, at the rate of
3 -1/4% per annum, with said•interest to be evidenced by
interest coupons pay4 le on _January T5, 1965, and semi -'
annually thereafter on each July 15 and January 15.
5. That the principal of and interest.on said
bonds shall be payable to bearer, in lawful money of the
United States of America, without exchange or collection
charges to the bearer, upon presentation and surrender of
proper bond or interest coupon at the Corpus Christi State
National Bank, Corpus Christi, Texas, which place shall be
the paying agent for said bonds.
6. That each of said bonds and interest coupons
shall be signed by the imprinted or lithographed facsimile
signature of the Mayor of said City and countersigned by the
imprinted or lithographed facsimile signature of the City
Secretary of said City, and the official seal,of said City
shall be impressed, or printed, or lithographed on each of
said bonds.
7. That the form of said bonds, including the
form of Registration Certificate of the Comptroller of Public
Accounts of the State of Texas to be printed and endorsed on
each bond, and the form of the interest coupons to be
attached to said bonds, shall be, respectively, substantially
as follows:
(FORM OF BOND)
NO. $25,000
UNITED STATES OF AMERICA
STATE OF TEXAS
CITY OF CORPUS CHRISTI, TEXAS,
GAS SYSTEM REVENUE BOND
SERIES 1964
On January 15, 19_, the City of Corpus Christi,
Texas, in the County of Nueces, State of Texas, promises to
pay to bearer the principal amount of
TWENTY FIVE THOUSAND DOLLARS
and to pay interest thereon, from the date hereof, at the
,rate of 3k/ per annum, evidenced by interest coupons payable
January 15, 1965, and semi-annually-thereafter on each July 15
January 15 while this bond is outstanding. The principal of
this bond and the interest coupons attached hereto shall be
payable to bearer, in lawful money of the United States of
America, without exchange or collection charges to the bearer,
upon presentation and surrender of this bond or proper interest
coupon, at the Corpus Christi State National Bank, Corpus
Christi, Texas, which place 'shall be the paying agent for
this Series of bonds.
This bond is one of a Series of coupon bonds dated
October 15, 1964, issued in the principal amount of $125,000
for the purpose of improving, repairing and extending the
City's Gas System, under and in strict conformity with the
Constitution and laws of the State of Texas, particularly
Articles 1111 to 1118, both inclusive, Revised Civil Statutes
of Texas, 1925, as amended, and the Charter of said City, and
by authority of a vote of the duly qualified resident electors
of said City who owned taxable property within said City and
who have duly rendered the same for taxation; °at'an election
held on November 24, 1953, and pursuant to an ordinance
passed by the City Council of the City of Corpus Christi,
Texas, and duly recorded in the minutes of said City Council.
The bonds of this Series may be redeemed prior to
their scheduled maturities, in whole, or in part, at the
option of said,City, on any interest payment date for the
principal amount thereof plus accrued interest to the date
fixed for redemption. At least thirty days before the date
fixed for any such redemption the'City shall cause a written
notice of such redemption to be published at least once in
a financial publication printed in the City of New York,
New York. By the date fixed for any such redemption, due
provision shall be made with the paying agents for the
payment of the principal amount of the bonds to be
redeemed, plus accrued interest thereon to the date fixed
for redemption. If the written notice of redemption is
published,,and if due provision for such payment is made,
all as provided above, the bonds, which are to be so
redeemed, thereby automatically shall be redeemed prior to
maturity, and they shall not bear interest after the date
fixed for redemption, and shall not be regarded as being
outstanding except for the purpose of receiving the funds
so provided for such payment.
It is hereby certified and recited that this bond
has been duly and validly voted, authorized, issued, and
delivered in accordance with the Constitution and laws of the
State of Texas; and that the interest on and principal of
this bond, and the Series of which it is a part, together-
with other outstanding gas system revenue bonds of said
City, are secured by and payable from the Net Revenues
drived from the operation of the City's Gas System, including
all additions, extensions and improvements thereto which may
hereafter be made, after deduction of the reasonable expenses
of maintenance and operation of said System.
Said City has reserved the right, subject to the
restrictions stated, or adopted by reference, in the Ordinance
authorizing this Series of bonds, to issue additional parity
revenue bonds which also may be secured by and made payable
from a first lien on and pledge of the Net Revenues of said
City's Gas System.
The holder hereof shall never have the right to
demand payment of this obligation out of any funds raised
or to be raised by taxation.
In witness whereof, this bond and the interest
coupons attached hereto have been signed by the imprinted
or lithographed facsimile signature of the Mayor of said
City and counteresigned by the imprinted or lithographed
facsimile signature of the City Secretary of said City, and
the official seal of said City has been duly impressed, or
printed, or lithographed on this bond.
City Secretary, City of Mayor, City of Corpus Christi,
Corpus Christi, Texas Texas
(FORM OF REGISTRATION CERTIFICATE)
COMPTROLLER'S REGISTRATION CERTIFICATE: REGISTER NO.
I hereby certify that this bond has been examined,
certified as to validity, and approved by the Attorney General
of the State of Texas; and that this bond has been registered
by the Comptroller of Public Accounts of the State of Texas.
Witness my signature and seal this
Comptroller of Public Accounts of the
State of Texas
(FORM OF INTEREST COUPON)
NO. $
2>
On , 19_, the City of Corpus Christi,
in the County of Nueces, State of Texas, promises to pay to
bearer, unless due provision has been made for the redemption
prior to maturity of the bond to which this interest coupon
is attached, the amount of Dollars, in lawful
money of the United States of America, without exchange or
collection charges to the bearer, upon presentation and
surrender of this interest coupon, at the Corpus Christi
State National.Bank, Corpus Christi, Texas, said amount being
interest due that day on the bond, bearing the number herein-
after designated, of that issue of City of Corpus Christi, Texa ,
Gas Revenue Bonds, Series 1964, dated October ^15, 1964. The
holder hereof shall never have the right to demandpayment•
of this obligation out of any funds raised or to be raised
by taxation.
Bond No.
City Secretary Mayor
8. DEFINITIONS: The term "System" as used in this
ordinance shall mean and include the entire Municipal Gas
System of the City of Corpus Christi, Texas, including real
estate, personal and intangible properties, whether lying
within or without the boundaries of the City, together with
all additions and extensions' thereto and improvements and
replacements thereof hereafter constructed or acquired
The term "Net Revenues" as used herein shall mean
the gross revenues from the System after deduction of the
reasonable expense of operation and maintenance thereof,
including all salaries, labor, materials, interest, repairs
and extensions necessary to render efficient service and
every proper item of expense as provided by Article 1113 of
the Revised Civil Statutes of Texas, 1925, as amended.
The term "Bonds" as used herein shall mean the
One Hundred Twenty Five Thousand ($125,000) Dollars City of
Corpus Christi, Texas, Gas System Revenue Bonds, Series 1964,
authorized by this ordinance.
The term "Series 1957 Bonds" as used herein shall
mean the "City of Corpus Christi, Texas, Gas System Revenue
Bonds, Series 1957" dated November 15, 1957, originally
issued in the amount of $125,000, of which issue $60,000
are outstanding;
The term "Series 1955 Bonds" as used herein
shall mean the "City of Corpus Christi, Texas, Gas System
Revenue Bonds" dated December 15, 1955, originally issued
in the amount of $150,000, of which issue $30,000 are
outstanding;
The term "Series 1954 -A Bonds" as used herein
shall mean the "City of Corpus Christi, Texas, Gas System
Revenue Bonds" dated December 15, 1954, originally issued
in the amount of $200,000, of which issue $150,000 are
outstanding;
The term "Series 1954 Bonds" as used herein shall
mean the "City of Corpus Christi, Texas, Gas System Revenue
Bonds" dated January 15, 1954, originally issued in the
amount of $400,000, of which issue $230,000, are outstanding;
The term "Series 1950 Bonds" as used herein shall
mean the "City of Corpus Christi, Texas, Gas System Revenue
Bonds" dated January 15, 1950, originally issued in the
amount of $1,000,000, of which issue $300,000 are outstanding.
9. PLEDGE OF REVENUES: The Net Revenues of the System
are irrevocably•pledged , to the payment of principal of and interest
on the Bonds authorized by this ordinance, the,Series 1957 Bond4,
the Series 1955 Bonds, the Series •1954 -A Bonds, the Series 1954
Bonds and the Series 1950 Bonds. For the �,enefit of the origina
purchasers of the Bonds, the Series 1957 Bonds, the Series 1955
Bonds, the Series 1954 -A Bonds, the Series 1954 Bonds and the
Series 1950 Bonds and for the benefit of any and all subsequent
holders of said Bonds, coupons, or any part thereof, and in ad
tion to all other provisions and covenants in the laws of the State
of Texas and in this ordinance, it is expressly "stipulated:
A. RATES: The City shall fix,and maintain rates
and collect charges for the facilities and.services afforded
by the System, which will provide revenues sufficient at
all times;
(1) To pay for all operation, maintenance,
depreciation, replacement and betterment charges of
the System;
(2) To establish and maintain the Bond Fund,
including the Reserve Account;
(3) To establish and maintain the Operating Reserve
Fund;
(4) To pay any indebtedness other than the Bonds,
the Series 1957 Bonds, the Series 1955 Bonds, the Series
1954 -A Bonds, the Series 1954.Bonds and the Series 1950
Bonds against the System, as and when the same becomes
due. Provided also that no free service of the System
shall be allowed and should the City or any of its
agencies or instrumentalities make use of the service
and facilities of the System, payment of the reasonable
value thereof shall be made by the City out of the funds
derived from sources other than the revenues and income
of the System.
B. USE OF REVENUES: The City will deposit as col-
lected all revenues derived from the operation of the System
into a separate-account (herein called the "Gas System Fund"
or the "System Fund ") which shall be kept separate and apart
from all other funds of the City.
10. All of the terms, provisions, covenants and
conditions contained in the ordinance passed January 12, 1950,
authorizing the issuance of $1,000,000 Gas System Revenue Bonds,
dated January 15, 1950, shall be and are hereby made applicable
to the Bonds authorized by this ordinance except that the
provisions thereof relating to payments to be made into the
Bond Fund (including the Reserve Account) shall be increased
in amounts sufficient to meet promptly the requirements for the
payment of principal and interest on the Bonds and the
establishment of a twenty (20 %) per cent reserve for such
debt service requirements.
11. The City further covenants by and through this
ordinance as follows:
(a) That the revenue bonds authorized hereunder
shall be special obligations of the City,and the holder thereof
shall never have the right to demand payment thereof out of
funds raised or to be raised by taxation.
(b) That it has the lawful power to pledge the
revenues supporting this issue of Bonds and has lawfully
exercised said power under the Constitution and laws of'the
State of Texas, including power existing under Articles 1111
to 1118, both inclusive, Revised Civil Statutes of Texas, 1925,
with amendments thereto; and by authority of a majority of the
qualified electors of said City voting at an election held on
the 24th day of November, 1953; that the Bonds issued hereunder
together with the Series 1957 Bonds, the Series 1955 Bonds, the
Series 1954 -A Bonds, the Series 1954 Bonds, and the Series 1950
Bonds shall be ratably secured under said pledge of income, in
such manner that one bond shall have no preference over any
other bond of said issue or issues.
(c) That other than for the payment of the Series
II
1950 Bonds, the Series 1954 Bonds, the Series 1954 -A Bonds,
the Series 1955 Bonds, the Series 1957 Bonds and the Bonds
herein provided to be issued the rents revenues and income
i P >
i
of said System are not in any manner pledged to the payment of
any debt or obligation of the City nor of said System.
(d)_ In addition to the moneys to be paid into the
Bond Fund from the revenues produced by said System, the City
i
will pay into said Fund the money represented by interest
accrued on said Bonds from their date to the date of delivery
to the purchasers.
12. That the Mayor of said City is hereby
authorized to have control of said Bonds and all necessary
records and proceedings pertaining to said Bonds pending their
delivery and their investigation, examination, and approval
by the Attorney General of the State of Texas, and their
registration by the Comptroller of Public Accounts of the
State of Texas. Upon registration of said Bonds, said
Comptroller of Public Accounts (or a deputy designated in
writing to act'for said Comptroller) shall manually sign the
Comptroller's Registration Certificate prescribed herein to
be printed and endorsed on each Bond, and the seal of said
Comptroller shall be impressed, or printed, or lithographed
on each of said Bonds.
13. The sale of the Bonds herein authorized to
the City of Corpus Christi'Interest and Sinking Fund for Tax Bon
at a price of par and accrued interest to date of delivery,
plus a premium of $ None , is hereby confirmed. Deliveryi
of such Bonds shall be made to such purchasers as soon as may
be after the passage of this ordinance upon payment therefor
in accordance with the terms of sale.
14. That the public importance and the pressing need
for the permanent improvements to be constructed with the use
of the proceeds of said Bonds create an emergency and an impera
tive public necessity requiring the suspension of rules and
Charter provisions requiring same to be considered and voted
upon at three regular meetings, and such facts require that this
ordinance be passed and take effect immediately as an emergency
measure, and such rules and provisions are hereby suspended
and this ordinance is passed and shall take effect as an
emergency measure, and shall be in full force and effect
immediately upon its.passage.
M
PASSED AND APPROVED this the 30th day of
September, 1964.
Mayor, City of C pus Ch isti, Texas
ATTE /rl�/ /
� J
City Secretar , City of
Corpus Chris , Texas
The foregoing ordinance has been approved as to
form and correctness this -30 day of 1964.'•
44zl
City Attorne , Ci of Corpus Christi,
Texas
THE STATE OF TEXAS
COUNTY OF NUECES
CITY OF CORPUS CHRISTI
I, the undersigned, City Secretary of the City of
Corpus Christi, Texas, do hereby certify that the above and
foregoing is a true and correct copy of an ordinance passed
by the City Council of the City of Corpus Christi, Texas,
(and of the minutes pertaining thereto) on the 30th day of
September, 1964, authorizing the issuance of $125,OOO'City
of Corpus Christi, Texas, Gas System Revenue Bonds, Series
1964, which ordinance is duly of record in the minutes of
the City Council.
WITNESS MY HAND and seal of office, this the
day of 1964.
City Secretary, City of Corpus Christi,
Texas
(SEAL).
r
TO THE MEMBERS OF THE CITY COUNCIL
CORPUS CHRISTI, TEXAS
CORPUS CHRISTI, TEXAS
u DAY OF 12
FOR THE REASONS SET FORTH IN THE EMERGENCY CLAUSE OF THE FORE-
GOING ORDINANCE, A PUBLIC EMERGENCY AND IMPERATIVE NECESSITY EXIST FOR
THE SUSPENSION OF THE CHARTER RULE OR REQUIREMENT THAT NO ORDINANCE OR
RESOLUTION SHALL BE PASSED FINALLY ON THE DATE IT IS INTRODUCED, AND THAT
SUCH ORDINANCE OR RESOLUTION SHALL BE READ AT THREE MEETINGS OF THE CITY
COUNCIL; 1, THEREFORE, HEREBY REQUEST THAT YOU SUSPEND SAID CHARTER RULE
OR REQUIREMENT AND PASS THIS ORDINANCE FINALLY ON THE DATE IT IS INTRO-
DUCED, OR AT THE PRESENT MEETING OF THE CITY COUNCIL.
RESPECTFULLY,
MAYOR rro•Tem
THE CITY OF CORPUS CHRISTI, TEXAS
THE CHARTER RULE WAS SUSPENDED BY THE FOOLLL( /O'y ING VOTE:
JAMES L. BARNARD (, aLzt?
,JAMES H. YOUNG
JACK R. BLACKMON C(
JOSE R. DELEON '
i
M. P. MALDONADO
W. J. ROBERTS
W. H. WALLACE, JR. cc
THE ABOVE ORDINANCE WAS PASSED BY THE FOLLLO ING,VOTE`
JAMES L. BARNARD
JAMES H. YOUNG ,[
JACK R. BLACKMON
JOSE R. DELEON
M. P. MALDONADO L
W. J. ROBERTS i
W. H. WALLACE, JR.
a