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HomeMy WebLinkAboutMinutes City Council - 11/30/1965 - Special\_ J MINUTES CITY OF CORPUS CHRISTI, TEXAS SPECIAL cmVNCIL MEETING November 30, 1965 11:00 a.m. PRESENT: Mayor McIver Furman Mayor Pro Tem Jack R. Blackmon Commissioners: Patrick J. Dunne Ken McDaniel Wm. H. Wallace City Manager Herbert W. Whitney Asst. City Attorney Robert Young City Secretary T. Ray Kring Mayor McIver Furman called the meeting to order. City Secretary T. Ray Kring called the roll of those in attendance. Commissioners Dr. P. Jimenez, Jr. and Ronnie Sizemore were absent. Mayor Furman announced the purpose of the special meeting vas for receiving proposals on the sale of $1,700,000 General Improvement Honda of the City of Corpus Christi, and such other business as may properly come before the Council. Proposals were opened and read on the sale of $1,700,000 General Improve- ment Bonds, Series 1965, from the following: Harris Trust & Savings Bank, Chicago; Continental Illinois National. Bank & Trust Company, Chicago; First National City Bank of New York; Mercantile Trust Company, St. Louis; Mercantile National Bank, Dallas; John Nuveen & Company, Inc.; First National Bank of Ft. Worth; Rotan, Mosley & Company, Houston; Rowles, Winston & Company, Houston; Halsey, Stuart & Company, Chicago; Lehman Brothers, New York; First National Bank of Dallas; and First Southwest Company of Dallas. The foregoing proposals were referred to Director of Finance Harold Zink and Roger Kirkpatrick for tabulation and recommendation, and a brief recess was declared for this purpose. After a brief recess, Mayor Furman reconvened the meeting. Director of Finance Zick reported that the low bid had been received from Rowles, Winston & Company of Houston, Texas, at an effective interest rate of 3.47658%. (Bid Tabulation #5.) Motion by Wallace, seconded by McDaniel and passed that the sale of $1,700,000 General Improvement Bonds, Series 1965, be awarded to Rowles, Winston & Company of Houston, Texas. Minutes Special Council Meeting November 30, 1965 Page 2 City Manager Whitney introduced the following ordinance and explained the ordinance to the Council. The Mayor presented to the Council a communication in writing pertaining to said proposed ordinance, as follows: "Corpus Christi, Texas November 30, 1965 "TO THE CITY COUNCIL CORPUS CHRISTI, TEXAS Gentlemen: The public importance and pressing need for the permanent improve- ments to be constructed by use of the proceeds of the bonds voted at elections held on January 28, 1961 and June 27, 1964, 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 $1,700,000 General Improvement Bonds as an emergency. You will please consider this request in connection with the ordinnnce which has been introduced in the City Council on this subject. "Yours very truly, /3/ McIver Furman, Mayor." Commissioner Dunne moved that the Charter provision prohibiting ordinances from being passed fin++ily on the date introduced be suspended for the reasons stated in the written request of the Mayor and stated in the emergency clause of the ordinance. The motion was seconded by Commissioner Blackmon. The motion was carried by a unanimous vote by the City Council, viz: AYES: Commissioners Blackmon, Wallace, Dunne and McDaniel. NOES: None. The Mayor requested that the records show that he voted Aye. This was done. Commissioner Blackmon moved that the ordinance be passed finally. The motion was seconded by Commissioner Dunne. The motion was carried by the following vote: AYES: Commissioners Blackmon, Wallace, Dunne and McDaniel. NOES: None. The Mayor requested that the records show that he voted Aye. This was done. Minutes Special Council Meeting November 30, 1965 Page 3 The Mayor announced that the ordinance had been passed. The ordinance is as follows: ORDINANCE N0. 7807 BY TSE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEAS, PROVIDING FOR THE ISSUANCE O $1.,700,000 CITY OF CORPUS CHRISTI, TEXAS, GENERAL IMPROVEMENT BONDS, SERIES 1965, BEARING INTEREST AT THE RATES HERE/NAFTER SET FORTH, AND PROVIDING FOR TSE LEVY, ASSESSMENT Alm') COLLECTION OF A TAX SUFFICIENT TO PAY THE INTEREST ON SAID BONUS AND TO CREATE A SINKING FUND FOR TSE REDEMPTION THEREOF AT MATURITY; REPEALING ALL ORDINANCES IN CONFLICT =MUM AND DECLARING AN EMERGENCY. There being no further business to come before the Council, the Special • meeting was adjourned. I, McIVER FURMAN, Mayor of the City of Corpus Christi, Texas, certify that the foregoing minutes, same being for the period of'November 3, 1965, through November 30, 1965, inclusive, and having been previously approved by Council action, are by me hereby approved. McIver Furman, Mayor City of Corpus Christi, Texas ACKNOWLEDGMENT OF NOTICE OF SPECIAL MEETING FOR ABSENTEES THE STATE OF TEXAS COUNTY OF NUECES CITY OF CORPUS CHRISTI Each of the undersigned members or officers of the City Council of said City hereby acknowledges and certifies that he was duly and sufficiently notified officially and personally, in advance, of the time, place, and purpose of the Special Meeting of said City Council held on the 30th day of November, 1965, and that an Ordinance Authorizing the Issuance of Bonds would be introduced and considered for passage at said Meeting, and that he consented, in advance, to the holding of said Meeting for such purpose. SIGNED this the , day of A.4<=-7, 1965.