HomeMy WebLinkAbout02003 ORD - 12/03/1946Comm CF MOM
On Ibis the 3rd day oP December, 1946, the City Co ..cll
of the City of Corpus Cbraeti, Tease, convened in Regular meeting,
with Lhe foll—g members of .aid Council pee—, to -nit:
Robert T. Nile., Mayor,
Wesley E. Seale,
aDM =Ra- f§rt4e,
Co ®lnaianera,
George A. Clerk, Sr.,
R. R. Nanry,
A. C. Molbeck, City 9ecretm7,
pith the PollonPng absent: So M A $Bexxie preamtaatltnting a squorum,
et which time the foll.w among other business was tsmsactea:
C®iaei— d for the c
sideretion o4 the Counc5l m rtlinmoe. Tha eidanencs ,ms read by the City
it Secretary.
1 The Magoe presented to the Csuneil a commmicatton >a
writing pertalning to aeld proposed oidlnmce, ea Pollawe:
9 "Corp.. Chrleti, Teaaa,
December 3xd , 1946.
To the City Council,
Corp.. Christi, Texas.
Gentlemen:
Fer the rasa. set forth in the emergency clause,
Hectira 14 of the ordinmce entitled 10rdironce by the Caty Comcil of the
City of 75pua Christi, Texas, eutharYSivg the iseumce of Honda in the
principal sum at TMea Hundred FSfty Thousand ($350,000.00) Dollars, far the
purpose o4 mek1� parmment ataeet improvements within the City, and pro-
fviding Pox the levy, asses nt antl collectlen a4 a tax sufflclenB9to pay the
ietereat and create a s `I— fuW for the reden a thereof, c eeg
the form oP bond, and dIClmi� en emargebe the fimlletl or— det meats
e public emergency end I request that vt be passed YL:ally en the date in-
trw ..ea.
Yours very truly,
/a/ Robert T. Wllem,
Mayor, City of Corpus Cbrieti,
Terre."
2-003
Commi.ei.er Clark made a wtim that the
Charter provision prohibiting Ordimncee — belag finally passed . the
date introduced be ... p ded for the rase.. eteted th the —itte. requiet
04 the Mayor eed stated N the emergehey slams of the ordlraoce. The motim
wee eecoaded by Co®faecsner The motive carried by the
unwlmo. vote of the Comall, via:
AYES: C— ei.ere Seale, Ferri., Clerk and Henry.
NAYS: Owe.
The Mayor requested to be recorded ae voting "Ayes.
C..th.i.er Clerk made a motion that the
ocMi,ance be peed final>,v. The motion nee eeconded by Commiaeimer
Heart The motroh carried by the following vote:
AYES: Co®iseimers Seale, —13, Clerk and Henry.
NAYS: N.e.
The Mayor requested to be recorded ea voting eAFee.
The Mee m .wewced thet the or—eh.. had been pe ... d.
The ordlnmce is ea tolloese
AN ORDINANCE
BY T10'. CITY COUNCII. OF THE CITY OF CORPUS
CHRISTI, 1TS13, AOTHORVVG TEE LS—C.
�' 00YYP4 IN 111E PRINCIPAL SW OP '1iR�E HONORED
PIETY THWSANU (1350,000.00) UOLLNi3, FGR rio;
PURPOSE OF CM, AND PPM STRFOR ➢I IZTY,
WiTiIIIi Tip M C ANO TIM CTNG FOR THE LEVY,
ABSE3S6LvMT ANB COLLECTION OF A T+K SOFFICIAT
TO PAY THE IIITEREST AIN CREATE A SIll1(➢dG FUND
FOR THE PEOFdIP'i' THEP.EOF, PAE9 L:G THE FOPY
OP C BCNO, AID DELARIIlG 4N FABRGENCY.
xxF.Pae.s, an the gth dey of Oetcber, 1946, the City Comcil
of the City of Carp. Christi, T.., passed . ordU . eallang an election
to be held in the City o4 Corp. Christi, Texee, . the 29th day oP October,
1946, m the Polling pr.PO.itlnn:
^Shell the City 0...0 of the City of Corp. Chrietl,
Tex., be authorized to issue the b. de oP eead Cyty in the
aeowt of 1350,000.00, maturing serially ao s.h lratellmenta
the City Co— may prescribe within a pe-.d o4 net ex-
.edieg ten (10) year. Iron the date of said bale, bearing in-
tareat et . rate or rates not to exceed Three (3$) per cmt per
_.d whether a tax .hall be levied . all of the tanble
praperty within said City euffinient to pe, the interest m said
home, and to pev the Incipal oY said bm. . suN principal
end Interest mature, ih acet" 5 wvth the prwiai.s aY Title
22 of the Revieed Civil statutes of Tsrda (1925), ae emended,
end with the applicable provleime of the Cberter of the City foe
the p.poae of making permanent .}seat improvements within the
City.•
NIG:15,A9, said elaatim sae duly and 1ega11y held 1n Ne
City of Corp.. Ctai.tl, Terse, m the 29th day of 0etober, 1946, et .d,ich
election a maS-ty of the 1eg-l� quelifi.d electors, mmfag tamable pro ,,
1n said City sM mho had duly rendered the .me for taastion, v.ti� st said
election aunt .d the propoeitim to issue the bonds hereinafter described
by the 4ollwrv:g vote:
"FOR THE I5 MCE OF BONDS" 565 Vote.;
eAUMIl T THE -CANCE OF BONDS^ 177 It.,
x Jority: ^FOR THE ISHDANCE OF BCNDS" 303 Votes,
e. 1. reflected 1a the election raturne heretofore filed With the City
Secretary; and
g1�D24S, it L son propel that Lhe City Council proceed
x th the iaeumce of such bands;
BD TT OIiDAINBD BY M IM W.C. CF THE CSTT . WRNS
CNHL4T2, TEXAS.
1. That the bonds of said City to be called "City oT
Cmpus Chrietl, Tesa., Street Improvement Bond -, Series 1946 ", be issued
under and by virtue .Y the 0 ... tit utioa sad laws of the State of Ted-, for
the pC,.., oY m.king permanent street dmprovem.nt. Within the City, 1m the
principal smv of lhr.e Nmd1W Fifty Thousand ($350,000.00) Dollars.
2. 'that . -Yd made shall be 1-beied from One ll) to
Three Hundred Fifty (350), both inclusive, shall be of the dmmimtam of
One Th.- ($1,000.00) Dollar. each, aggregating Three Hundred Fifty
Thou.md ($35C,.D.w) Dollar..
3• That shay .tall be fitted December 1, 1946, and shall
beans due and parebla ear's ^v as Yollona:
B]ND9 N nmmve YAIVRTTP DATES AEAUNT3
1 to 35, both -1., Decem 1, 1947, $ 35,000.00
36 to 70, ' December 1, 1948, 35,000.00
11 to 105, ' December 1, 1949, 35,000.00
106 to 140, ' December 1, 1950, 35,000.00
L1 to 175, ' December 1, 1951, 35,000.00
176 to 210, " December 1, 1952, 35,000.Co
211 to 245, December 1, 1953, 35,COo.00
246 t. 280, " December 1, 1954, 35,000.00
281 to 315, December 1, 1955, 35,D0o,00
316 to 350, " December 1, 1956, 35,MW
q. That eeld bond. .hall beer interest at the fete of
Tiro (%) pe c Per ann . payable De—r 1, 1947, and saml- e�mualy
thereafter m .love let and December let of each year.
5. A each of Bonde Nomhers Teo Hundred —ty bix (246)
to Three Nmdred Fifty (350), both inclusive, the City .hall reserve the
optim of calling each such bond for redemption prior to maturity he the
tat day of December, 1953, end thereafter on eny interest payment date, et
a price of par and atereed interest to date to fired for redemption, pro-
vided notice of such redemption it published is a finee.iel publication is
— pity of Nee York, New York, at least m , not lase than than, days
before the date fixed for prior payment, ehd thirty (30) dayel notice fn
eeitang is given to the places of payment before the date so fixed for prior
payment. At the tits said call ie made, footle .hall be placed is the place
of payment sufficient to pay the boode called and aeer.d cetereet therein
to date so fired for redemptim, lf, upon the heFpeha of the above cm-
ditims .aid bmde are not —toted for payment, they .hall not thereafter
bear --hot.
6. Tbet the principal and interest of said aeries of
bontls shell be payable upm preaentetim ohd eurreoder of bond or proper
c opm et the veal Sank et C.roo.
Texas
7. That each of said hood- shall be eagned by the teyor
and oomtereigned by the City Secretary oed the .rote eeel of the City
of Corp. Christi, Tess., shall be impre.aed upon each of them.
8. That the facsimile eiC etore. of the Bayor and City
Secretary may be lithographed or printed m the coupooe etthhh.d to said
botWe and said fecelmale aigh.t -le shall have the eeme effect Ae if they
had beae executed meeueliv by the eeld offdciele.
9. The form of said bohda .hall be .ubetentfally oe
N0._ $1,WO.00
STATES � i�Hlda
sxnTE OP rExa3
CODNTY CP HU
CITY OF CORPUS C FUISSTI
STREET I64'ROV1946 BM SERISS 1946
The City of Carpus Chxieti, 1n the Comty of Nuecea,
State of Taxis, for value received, hereby promisee to pay to the bearer harp
on the let tlgv of December, 19_, the eimm of
ONE THODSAI9 DOLLAHS
1n laMU1 mmey of the United States of Aaera�a, with mtereet thereon from
the date hereof at the rate of Teo (2b) per cent per amum, Ntexeat payable
December 11 19471 — eemiwonually thereafter m the let day of dme and
the let dV of December of each year, principal and interest payable upon
III ration end euxr -- oP bond or proper coupon aL the Co a Chxieki
7 een ,read the City oP Corpus Christi is hereby
heldimdifarmly boCnd�mdCit. faith and credit and all taxable property in
said City are hereby pletlgad for the prompt payment o4 Lbe principal of thin
bond at maturity and the intexeat thereon as it meruee.
This toad ie one of a acmes of Three Hundred Fifty (350)
bonds of like tenor end effect except es to number, maturity and right of
praox payment, pum -i from One (1) to 'Ituoe Hmdxed Prfty (350), both in-
? elusive, of the am®inetiov of One Thousand ($1,000.00) Dollars each, aggre-
gating Throe Hmdxed Fifty Thouemd ($350,000.00) Dollars, isauetl for the
purpose of making permanent street impxovemanta within the City, udder and
ail by virtue of the Constitution and laws oY the State of Teas, and pureumt to
m orriLmnca passed by the City Council of the City of Corpus Christi, Texas,
SN oxdinmce v aY retard in the minutes of esid City Cowc11.
ail wh
*(The City rescreen the right to redeem thin bond prier
to maturity wh- it ae outstmdmg on an9 interest payment date on and after
December 1, 1953, at its per value plw accrued interest, provcded notice of
intention to redeem this baud Se pnbivsh.d in a finncial publication iv the
City of New York, New Yerk, at least once, sot less than thirty (30) days be-
.xa the date fixed for prior payment, end thirty (30) day., notice in writing
ie given to ti,e place of parmant before the data sv fixed fox prior payment.
III At the time eaad call is made, funds .hall be placed in the place of payment
sufPaclenL to pvy this Fond end accrued --t thereon to the data fixed for
prior payment. u, upon the happsiung of the above condition, thin bond ie
not pxsentetl Por redemption, St shall mt ther.aYEer b.az 3ntsrest).
The tlate oP thi. bond do canfaxmity with the axdinanne
above --d de the 1st S, o1 December, 1946.
AND IT IS MMY CMTIFISD AND WiDI'TD that the i.eunce
of this bond, and the eerie. of which it - a part, de duly authorized by
law, nd by a vote If the resident, qualified electors M,o om, taxable
property it said city and who have duly revered the same 41r taxation 1n
9 phe City of Corpus Christi, —, voting at — elactim bald Yor t118L purpwe
93939393 .. ..Id City ov Lha 29th day of October, 1946, that ell set., condition
and things required to be dne pieced -t to and Sn the issuance of thi. aeries
oY bode, and of this bond, Faye bee. properly done end performed and have
{ happend io regular eM do time, Yarn end mapnei as required by ]nwi that
1 sufficient and proper provision for the levy nd colleetan If taxes hoe been
imade which, M- collet d, shall be appropriated exclusively to Lhe payment
of this baud, nd If thae —i- of Much at is a part, and to tie payment of
the interest Coupon. hereto snared I. the same .hall bacons deep that the
total indebtedness of sold City If C-p. Chrintl, Taxes, including Lhe entire
{ series of bonds If which this ie n , doss not exceed any ewetitutio,ul or
statutory llmitatio.
IN MIMBSS WHEAECF, the City oP Caxpn Christi, Texas, by
Sts City Coneil ha. -used its corporate .sal to be affixed hereto, and this
baud to bs sieved by the Mayor and Contereigped by it, City SI ... tazy .ud the
Ninterest coupon hereto attached to be executed by the lithographed or printed
taceimlla sdg -turea I the Mayor end City Secretary as of the let dIy of
December, 1946.
Mgvor, City of Cypm Chrlsta, Ters,
City 5.... rY, City of Corpus Christi,
Texan.
•(This paragraph should be matted Sr® Honda Noe. 1 to T45, bath Snal.)
30. The farm of coupon shall be e,b,t U,13y as follone:
ON TBE 1ST OAY �
19_
The City of corpus Chrvta, Texas, will pay to bearer at
the sum of R ) Dollars, in la ul money
04 the United States oP America. being _ mmtha� ant—I due that day m
e—ty .Y Corpus Christi, Texa, Street TmprwemeaL HaW, Serlea 1946 ^, dated
6 December 1. 1946, No. _.
)
City Secrataz9 Deym.
1l. Substantially the tolloning certificate shall be
printed m the back of each bond:
OFFIDN OP C�+RTRrn *av
STATE of Tree
I N y CFA= that there i. an Pile and o4 record in
mY oY41ce a certificate of the Attorney —al oY Lhe State of Texas to the
effect that thl. bond has been examined by him as required by lax, and that
he finds that it has been issued in cmformity With the Conetitutim and law.
of the State .f Texas, and that it v e valid and bandie obl3gatlm upm saki
Cxty oY Coxpu. Christi, Texas, evtl said hood has this say been registered by
N19D+ S ]!Y HANH and seal oY office aL Au.t1n, Tem.
Cmptxoller of Public Aec — of the
Stflte 04 Texas.
12. That a ap.— fmd to m deaigoated ^City o4 Corpm
Christi, T.ms, Street Improvement Amd., Seraee 1946 Fund^, shall ba created,
and ie hexeby I—Id, and tin p osede If all taxes collected for or oo aeeomti
o4 this aeries of bonds shall bercredited to acid fund for the redmeptim of
said bonds end interest thereon at maturity{ and saki fund ha11 be used for
lno .t— purp.ee; that to create nerd fend a tax of '-1—
( C.12 i) cants .n the one Hundred (g1CC.00) Dollar e' valuation of taxable
jproperty Yn the City If Corpus Christi, Texas, is hereby levied for the currant
jyear 1946, and for each y thereafter MSle any If said bands .r interest
e unpaid, and at the time other City taxes are levied during eUd years,
there Mall m C®puted and ascertained what rate If tea, based upon the
latent approved tax rolls of said City will be necessary, raqulaite and aulll-
cient to Puny make, reiee and produce 1n each of said yearn the currant in-
'tercet end the required amunt of the pr—pCI for each year, and a tax at
u.h rata within the permitmd rata on the Cna Amtlretl Dollars' valuation shall
be levied, assessed and collected during each of Card years, and ea d tax ie
it hexeby levied and .,dared to be assessed and collected, and the tame collected
shall m applied to said p p e and to no ofd p p e.
{ 13. m it £urthar ordained that the Naycr of said City
Chall be authorised to take and have charge If all necessary record, pending
jinvestigation by the Attorney General and registration by the Cmptrollex of
Public Accounts.
14. The £aet.; that magv of the atraete in the City of
Corpus Christi era in need of immediate permanent improve —; that —re is
Lhe fmmedlate neceealty fox Ne camtructrw If additional streets and the
extension of old streets; and that the delay in making .aid imprmemevte cov-
.titutea ,continuing — heard and a menace t. the iMebitmte oY the City
If Corpus Chrieta, create a public emergency and av imperative public necee-
city requiring the auepeneian of the Charter Aide providing that no oxdU ,.
reealutaon stall be p sad fimlly on the date it ie introduced, and ra-
quiring that each ordinance ox resolution shall m read at three several
meetings of the City Council, end the Mayor I-— declared that each public
emergency end dmperetlme public necessity eafetas end having requested that
,aid Charter H , be su,pe ld, and that thie ordlrance take effect and be in
force eed effect from and after its paaeege. TT M ACCOI -YY�s WiDAIlvtL.
PASSED AND APPAO4EE<t
,-A
City y o4r "'^"✓`1946.
Efayer� City of orpua Chrl,ti, Terea.
A
Cvty gecretary� City of orpua Chr ti,
Tense.
APPAI \"J4Ylu/
City Attorney.
Corpus Christi, Terns,
neeember �% , 1946.
To the City Covee11,
Corpus Christi, Terse.
CveLlemn:
For the reason vet forth to the emergency elauae, Seetive
14 of the ordinance entitled 10rdinence by the City Council of the City of
orpus Christi, T—, auNorivlug the Sasuance of — is the p —pal
at® of Tie, Hm d Fifty Ti.— ($350,WD.W) Collura, for the purpose
of mekLig permanent street improvements Within the City, end providing for
the y, aeeaement antl collection oP a tax suftleient to pay the inkereet
and create a siN g Yvetl 4or the redemptive thereof, preecrib,ng the form of
bved, amd decl - g m emergency, the proposed o,di — meets a public
mexgency antl I
t t that it be d Penally m the date intxodmed.
founly �
Ray-, City oP Corpus Christi, Teaaa.
Charter rule nee suspended by the following vote.
Robert T. Nilson, Tut
Wesley E, Seale, ATe.
Sohn A. Perris, A6se,E-
George R. Cluck, Jr. A.•.
R. R. Hey,
The above OrdLunce ,rev passed by the 4ollmving vote:
Robert T. Tide., d..(
Wesley E, Seale, �'Aa <']�
John A. Ferris, yE.i
Ceorge R. C1 k, Jr. Ayt,
R. R. Henry, /
THE STATE OF TEARS
COIBriT OA EC .
CM OF COHHCS CMMTI
I, the wdereiwatl, City S.exetaxy oY the City of Corpus
Chelsti, Texas, do hereby certify that the above wd foregoing is a true,
full and correct copy of w ordFnanca passed by Ne City Cowoil of the City
a Coxpu. C—ti, Texe., (wd of — minute. pextaining thereto) w the
3rd dap of Decwber, 1946, authorizing the is—. oY ¢350,000.00 City
of Corpus Christi, Texas, Street Improvement Bwda, Serlea 1946, which or-
dinance i. duly of xecoxd in the minute. of — City Council
at page 219 et eaq.
l4 MSS W HAND wd ..al of office this the _ day
cY Oecemb.x, 1946.
City Secretary, City cf Corpus Christi,
Texas.
(SxALJ