HomeMy WebLinkAbout01823 ORD - 07/24/1945ERK,hrr 7 -16 -45
AN ORDINANCE
TO BE AN ORDINANCE ACCEPTING A BOND MADE,
EXECUTED AND DELIVERED BY THE CORPUS CHRISTI
NATIONAL BANS OF CORPUS CHRISTI, TEXAS,
PRINCIPAL, WITH TYPO SURETIES, INDEMNIFYING THE
CITY OF CORPUS CHRISTI AGAINST LOSS AND DAMAGES
WHICH MAY ACCRUE BY REASON OF THE PAYMENT OF
CERTAIN CITY OF CORPUS CHRISTI STATE AID SEAWALL
AND BREAKWATER CONSTRUCTIO14 BONDS, WdICH BONDS
ARE ALLEGED TO BE LAST, AND DECLARING All EMERGENCY.
BE IT ORDAINED BY THE CITY OF CORPUS CHRISTI, TEXAS,
SECTION 1. That whereas, it appears that City of Corpus
Christi State Aid Seawall and Breakwater Construction Bonds, Series
1923, Nos. 1736, 1737 and 1738, each in the prinoipal sum of Co.
Thousand Dollars ($1,000.00), dated April 10, 1923, and interest
in the sum of Twenty Five ($25.00) Dollars each,
coupons attached,/have been lost and cannot be found, and were held
by Corpus Christi National Bank for collection; and, whereas, said
Corpus Christi National Bank has tendered a good and sufficient bond
indemnifying the City of Corpus Christi against all loss and damages
by reason of the payment of said bonds and coupons without the surrender
and cancellation thereof, which bond has been approved by the City
Attorney:
THEREFORE, said bond is in all things accepted and approved
by the City Council of the City of Corpus Christi, and the Mayor,
Finance Commissioner and City Controller are directed to issue a
warrant or warrants payable to Corpus Christi National Bank for the
amounts due on said bonds and coupons, payable out of the Interest
and Sinking Fund set aside and appropriated for payment of said series
of bonds, and the interest thereon.
SECTION 2. The fact that said bonds and interest coupons
are long past due and that the owners thereof are demanding payment
creates a public emergency requiring the suspension of the Charter
rule requiring that no ordinance or resolution shall be passed
finally on the date it is introduced, except in case of public
/sa 5
emergency, and the Mayor having requested the suspension of the
rule, same is hereby suspended and this ordinance shall be in
force from the date of its passage and approval by the Mayor.
PASSED APID APPROVED, on thil��L day of July, A.D.
1945.
or of or u4Ghr ty ., Texas
ATTEST:
City Secretary
APPROVED AS TO FORM:
%�
ty Attorney
Corpus Christi, Texas,
iL 11'�. 1945.
TO THE NENBERS OF THE CITY COUNCIL
OF THE CITY OF CORPUS CHRISTI,
Corpus Chri ati, Texas.
Gentlemens
For the reasons set forth in the emergency clause of
the foregoing Ordinance, a public emergency and an imperative
necessity exist for the suspension of the Charter rule or re-
quirement 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 several meetings of the City
Council; I, therefore, hereby request that you suspend said
Charter rule or requirement and pass this Ordinance finally on
the date it is introduced, or at the present meeting of the City
Council.
W y,
of orpus ris xas
The Charter rule was suspended by the following votes
Roy L. Self
B. G. Moffett
R. R. Rambo
N. C. Beck
N. B. Marriott
The above Ordinance was passed by the following votes
Roy L. Self
B. G. Moffett
R. R. R. Rambo
N. C. Beck
N. B. Marriott iC�