HomeMy WebLinkAbout11634 ORD - 08/15/1973AN ORDINANCE
APPROPRIATING THE SUM OF $23,610.82 OUT OF VARIOUS BOND
FUNDS AS HEREINAFTER SET FORTH FOR EXPENSES IN CONNECTION WITH
THE SALE OF $6,000,000 GENERAL IMPROVEMENT BONDS, SERIES 1973
ON MARCH 21, 1973; AND DECLARING AN EMERGENCY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
SECTION 1. There is hereby appropriated the sum of $23,610.82 out
of various bond funds as hereinafter set forth for expenses in connection with the
sale of $6,000,000 General Improvement Bonds, Series 1973, said sale having been
conducted March 21, 1973, said expenses being as follows:
Financial Advisor $ 12,905.46
Bond Attorney 6,689.81
Printing Bonds 580.00
Printing Prospectus, covers, bid forms 1,335.55
Contract Bond Rating Service:
Standard S Poor's 1,000.00
Moody's Investors Service _ 1,100.00
_
$ 23,610.82
$6,000,000 100.0 $ 23,610.82
SECTION 2. The necessity for making the appropriation as described
in Section 1 hereof creates a public emergency and 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 the 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 /6 44 day of
August, 1973.
r
MAY
THE CITY' OF CORPUS CHRISTI, TEXAS
day of ust, 1973:
Fund
Bonds Sold
Percent
Appropriation
207
Public Building Bond Fund
$ 625,000
10.4
$ 2,455.53
(Fire, Police, Health,
Service Center)
245
Airport Bond Fund
600,000
10.0
2,361.08
291
Park Bond Fund
1,450,000
24.2
5,713.82
250
Sanitary Sewer Bond Fund
1,300,000
21.7
5,123.54
295
Storm Sewer Bond Fund
1,000,000
16.7
3,943.01
220
Street Bond Fund
775,000
12.9
3,045.80
3.18
Transit System Bond Fund
250,000
4.1
. 968.04
$6,000,000 100.0 $ 23,610.82
SECTION 2. The necessity for making the appropriation as described
in Section 1 hereof creates a public emergency and 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 the 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 /6 44 day of
August, 1973.
r
MAY
THE CITY' OF CORPUS CHRISTI, TEXAS
day of ust, 1973:
n
u
CITY OF CORPUS CHRISTI, TEARS
0
CERTIFICATION OF FUNDS
(City Charter Article IV Section 21)
August 15, 1971
I certify to the City Council that $ 23,61o.6a , the amount required
for the contract, agreement, obligation or expenditures contemplated in the
above and foregoing ordinance is in the Treasury of the City of Corpus Christi
to the credit of:
Fund No. and Name See Below
Project No.
Project Name
from which it is proposed to be drawn, and such money is not appropriated for
any other purpose.
#207 Public Building Bond Fund $
2,455.50
#245 Airport Bond Fund
2,361.06
#291 Park Bond Fund
5,713.77
#250 Sanitary Sewer Bond Fund
5,123.50
#295 Storm Sewer Bond Fund
3,942.97
#220 Street Bond Fund
3,0+5.78
#218 Transit System Bond Fund
968.04
23, 10. 2
Lp
FIN 2 -55
Revised 7/31/69
is' , 1923
Director o 7 ce
•
Corpus Christi, Texas
I5 day of G� , lg 7 -3
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:
Jason Luby
CL�
James T. Acuff
( A_
Rev. Harold T. Branch
r
Thomas V. Gonzales
Ricardo Gonzalez
`<
Gabe Lozano, Sr.G
=G
J. Howard Stark
The above ordinance was passed by the following vote:
Jason Luby
James T. Acuff
Rev. Harold T. Branch
Thomas V. Gonzales
Ricardo Gonzalez
Gabe Lozano, Sr.
J. Howard Stark
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