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HomeMy WebLinkAbout08726 ORD - 01/17/1968• • AN ORDINANCE AMENDING SECTION 38-55A OF THE CORPUS CHRISTI CITY CODE. 1958, AS AMENDED, PERTAINING TO FINANCING OF INSTALLATION OF SEWER EXTENSIONS BY INSTALLMENT PAYMENTS, SO S TO HEREAFTER PROVIDE AN INTEREST RATE OF SIX AND ONE -HALF PERCENT (6 -1/20) PER ANNUM; REPEALING ALL ORDINANCES IN CONFLICT HEREWITH; AND DECLARING AN EMERGENCY. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. THAT SECTION 38-55A OF THE CORPUS CHRISTI CITY CODE, 1958, AS AMENDED, BE, AND THE SAME IS HEREBY, AMENDED BY DELETING IN SUBSECTION (C) THE WORDS "FIVE PERCENT PER ANNUM" AND SUBSTITUTING THEREFOR THE WORDS "SIX AND ONE -HALF PERCENT PER ANNUM ", PERTAINING TO FINANCING OF INSTALLA TION OF SEWER EXTENSIONS BY INSTALLMENT PAYMENTS. SECTION 2. THAT ALL ORDINANCES OR PARTS THEREOF IN CONFLICT HEREWITH BE, AND THE SAME ARE HEREBY, REPEALED. SECTION 3. THE NECESSITY TO INCREASE THE INTEREST RATES AS HEREINABOVE SET FORTH, INASMUCH AS THERE HAS BEEN AN INCREASE IN THE INTEREST RATES CHARGED THE CITY OF CORPUS CHRISTI ON ITS OBLIGATIONS AND AN INCREASE IN COSTS FOR INSTALLING SEWER EXTENSIONS, CREATES A PUBLIC EMERGENCY AND AN IMPERATIVE PUBLIC NECESSITY REQUIRING THE SUSPENSION OF THE CHARTER RULE THAT NO ORDINANCE OR RESOLUTION SHALL BE PASSED FINALLY ON THE DATE OF ITS INTRODUCTION AND THAT SUCH ORDINANCE OR RESOLUTION SHALL BE READ AT THREE SEVERAL MEETINGS OF THE CITY COUNCIL, AND THE MAYOR HAVING DECLARED SUCH EMERGENCY AND NECESSITY TO EXIST AND HAVING REQUESTED THE SUSPENSION OF SAID CHARTER RULE AND THAT THIS ORDINANCE BE PASSED FINALLY ON THE DATE OF ITS INTRODUCTION AND TAKE EFFECT AND BE IN FULL FORCE AND EFFECT FROM AND AFTER ITS PASSAGE, IT IS ACCORDINGLY SO ORDAINED, THIS THE 4 DAY OF JANUARY, 1968. ATTES CITY SECRETA-Y APPIOVED AS TO LEGAL FORM T / f AY OF JANUARY, 1968: CITY ATTORNEY 8728 THE CITY OF CORPUS CHRISTI, TEXAS CORPUS CHRISTI, TEXAS /7 DAY OF TO THE MEMBERS OF THE CITY COUNCIL CORPUS CHRISTI, TEXAS FOR THE REASONS SET FORTH IN THE EMERGENCY CLAUSE OF THE FOREGOING ORDINANCE, A.PUBLIC EMERGENCY AND IMPERATIVE NECESSITY EXIST FOR THE SUSPEN- SION 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 COUNCILS 1, THEREFORE, REQUEST THAT YOU SUSPEND SAID CHARTER RULE OR REQUIREMENT AND PASS THIS ORDI- NANCE FINALLY ON THE DATE IT 15 INTRODUCED, OR AT THE PRESENT MEETING OF THE CITY COUNCIL. RESPECTFULLY, THE CITY OF CORPUS CHRISTI, TEXAS THE CHARTER RULE WAS SUSPENDED BY THE FOLLOWING VOTE: JACK R. BLACKMON RONNIE SIZEMORE V. A. "DICK" BRADLEY, JR. P. JIMENEZ, JR., M.D. GABE LOZANO, SR. KEN MCDANIEL W. J. "WRANGLER" ROBERTS THE ABOVE ORDINANCE WAS PASSED BY THE FOLLOWING VOTE: JACK R. BLACKMON RONNIE SIZEMORE V. A. "DICK" BRADLEY, JR. P. JIMENEZ, JR., M.D.. GABE LOZANO, SR. KEN MCDANIEL W. J. "WRANGLER" ROBERTS PUBLISHER'S AFFIDAVIT STATE OF TEXAS, Ls, County of Nueces. J Before me, the undersigned, a Notary Public, this day personally came Leland G, Barnes who being first duly sworn. according to law, says that he is the ati.S.Sifies1 Aittsariaisi ng EgailLASVP of the Corpus Christi Caller and The Corpus Christi l'imes, Daily Newspapers published at Corpus Christi, Texas, in said County and State, and that the publication of _LEGALm-Notj.oe .2f_.passage of Ordinance No. a g6 Finn/ailing of 11:18 ta nation of sewer extensions by installment paymedts--- of which the annexed is a true copy, was published in on the.22..... day 19..6.a., 41)fistailiM. /741 — e • AdvenIN Tranager day of January 19 68 tary Public, Nueces County, Texas Subscribed and sworn to before me this Louise viok • I NOTICE O�ANO. OP OROIN �• *MA OP AMENDING 7O ION CITY CODE. THE AS CORPUS AM $D D, GIRT INO 1�, AS AMENDED. PERTAINING TO FINANCING OP INSTALLATION ST SEWER EPAYMENTS EO IN' 10 N! ENT PAYMENTS. SO A5I TO NEREAFTER PROVIDE AN IN' - TEREST RATE OF SIX E ONE -, NALF PER CENT EPE PER ALL I IPER ANCES; REPEALING ALL ORDINANCES IN C L A R I HEREI WITH; RR AND DECLARING AN EMERGENCY. i WAS PASSED AND APPROVED. pus the City at sdreeguul r s VI � hem of spry, 11911, Ta TIN N 171n day 1 �I1� nao- sage. and Pual�mtl alb N� a Fewn- apl 1ce0G 1: Twee NHiRMM ff 70.11% Dollars. Is) T. Ray Krieg T. RAY KRING, City Secretary Ctry W Cerprs Chrlstl, T 122