HomeMy WebLinkAbout09440 ORD - 07/23/1969BJw:7/23/69
AN ORDINANCE
APPROPRIATING THE SUM OF $15,719.06 OUT OF NO. 202
WATER SYSTEM BOND FUND FOR EXPENSES IN CONNECTION
WITH THE SALE OF $3,500,000 FIRST MORTGAGE WATER-
WORKS REVENUE BONDS, SERIES 1969 ON APRIL 1, lg6g;
AND DECLARING AN EMERGENCY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
TEXAS:
SECTION 1. THAT THERE IS HEREBY APPROPRIATED THE SUM OF $15,719.06
OUT OF WATER SYSTEM BOND FUND FOR EXPENSES IN CONNECTION WITH THE SALE OF
$3,500,000 FIRST MORTGAGE WATERWORKS REVENUE BONDS, SERIES 1969 ON APRIL 1,
1969, A LIST OF SAID EXPENSES BEING ATTACHED HERETO.
SECTION 2. THE NECESSITY FOR MAKING THE APPROPRIATION AS DESCRIBED
IN SECTION I HEREOF 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 THAT SUCH EMERGENCY AND NECESSITY
EXIST, AND HAVING REQUESTED THE SUSPENSION OF SAID CHARTER RULE AND THAT
THIS ORDINANCE BE PASSED FINALLY ON THE DATE OF ITS INTRODUCTION AND THAT
SUCH ORDINANCE TAKE EFFECT AND BE IN FULL FORCE AND EFFECT FROM AND AFTER
ITS PASSAGE, IT IS ACCORDINGLY SO ORDAINED THIS THE IVII .DAY OF ,IC
1969
ATTEST:
CITY SECRETAR � MAY
APPROVED: CITY OF CORPUS CHRISTI, TEXAS
,'2 � DAY OF , 1 g6g;
t
CITY ATTORNEY /
9440
$3,500,000 First Mortgage Water -works Revenue Bond Sale April 1, 1969
Schedule of Bond Sale Expense
Financial Advisor
$ 7,21+.90
Bond Attorney
5,770.06
Independent Audit
1,500.00
Trustee Fee
766.87
Printing Bonds
372.00
Printing Prospectus Cover (2)
75.28
Travel - Director of Finance (2)
19.95
15 719.0
July 23, 1969
CERTIFY TO THE CITY COUNCIL THAT THE MONEY REQUIRED FOR
THE CONTRACT, AGREEMENT, OBLIGATION, OR EXPENDITURE CONTEMPLATED IN
THE ABOVE AND FOREGOING ORDINANCE -IS IN THE TREASURY OF THE CITY OF
CORPUS CHRISTI TO THE CREDIT OF ND. 202 -68 -0, Water System Bond Fund
in the amount of $15.719.06 for bond issuance expense.
FUND FROM WHICH IT IS PROPOSED TO BE DRAWN, AND SUCH MONEY IS NOT
APPROPRIATED FOR ANY OTHER PURPOSE.
L�
() CT R OF FINANCE
Corpus Christi, Texas
• o.CL� 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 Council; I, therefore,
request that you suspend said Charter rule or requirement and pass,this ordi-
nance finally on the date it is introduced, or at the present meeting of the
City Council.
Respectfully,
MAYOR
THE CITY OF CORPUS CHRISTI, TEXAS
The Charter rule was suspended by the following vote:
Jack R. Blackmon
Gabe Lozano, Sr.
V. A. "Dick'Bradley, Jr.
Eduardo E. de Ases
n
Ken McDanielQj�
W. J. "Wrangler" Roberts
Ronnie Sizemore
!/
-�
The above ordinance was passed by the following
vote:
Jack R. Blackmon
Gabe Lozano, Sr.
V. A. "Dick" Bradley, Jr.
Eduardo E. de Aces
Ken McDaniel
W. J. "Wrangler" Roberts
Ronnie Sizemore