HomeMy WebLinkAbout02295 ORD - 06/15/1948THE STATE OF TFY—+S j
COUNTY OF ITTECES {�
CITY OF CGRPCS CHRISTI
On this the 15th day of J_ie, 1946, the City Council of the City
of Corpus Christi, 'Texas, convened in Regular Meeting, with the following
members of said Council present, to -wit;
ilesley 3. Seale, Yayor
George R. Clark, Jr. d
John A. Ferris
Commissioners
R. R. 3onry p
Joe T. Damson
F.I. A. Cae, Jr. City Secretary,
with the following absent:oy 6 , constituting a
quorum, at which ti the following among other business was transacted:
I=r• Presented, °or c- consideration of
the Council, an Ordinance. The Ordinance was read by the City- Secretary.
The Mayor presented to the Council a ccmunication in writing pertaining
to said proposed Ordinance, as follows:
Corpus Christi, Texas
June 15th, 1546
TO TIM K—EMBERS OF TiE CITY COUNCIL
Corpus Christi, texas
Gentlemen:
For the reasons set forth in the e ergency clause of the
foregoing ordinance, a public emergency and imperative necessity
exist for the suspension of the Charter rule or requirement that no
ordinance or resolution shall be passed firally on the date it is
introduced, and that such ordinance or resolution shall be read at
three 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 sent veeting of 'che
City Council.
Respectfully,
AY R
City of Corpus Christi, Texas
a �aq5
Commissionermade a motion that the Charter
provisions prohibiting ordinances from being passed finally on the date
introduced be suspended for the reasons stated in the written request of
the Mayor and stated in "he emergency clause of the Ordinance. The motion
was seconded by Mr. The motion was carried by a
unanimous vote by the City Council, vis;
AYES. Commissioners Clark, Ferris, Henry end Dawson.
NAY2S: None.
Mr. made a motion that the ordinance be
passed finally. The motion was eaconded by Mr. The
motion was carried by the following vote:
AYES: Commissioners Clark, Ferris, Lenry and Dawson.
HAYES; None.
The mayor requested that the records show that he vote Aye.
This was done.
The Mayor announced that the Ordinance had been passed. The
Ordinance is as follower
os nulml rro. S—
B' Ine CITY- CO:TSOII, OF TM C= OF COBFLv C MISTI,
TROVIDRIG FOR TM IS`.'i72 *;C-� OF ITF 0? COP_=LS
H•.-.T _ 'i"a.US °TORT,. S=� =- ,Cv'"_.L•, m
1, ^ -48, n' =, PGG GAT-' P1:Oli:'.i GF'1,4fJ „OOO,oO:cClif
CIi ^i OF COM', CMISTI, TEKPS, S2SP1'= ;1' E-
r.'�v'
21_0r_ O, wc.'0; 000. 00r•�I"_'Y C^ CO??-7'2 C?iP.ISTI.
/LOr1 OMDS, r*. :77 aC.Gr1
O- t.- , n ' ,
I^'F
3C,7',,
drD COC.DD. 4TnG 1u
^fig f ?'� i;01r =' OR T-IT T-my _.
J TAY I^
TC
_ 1 AID DECI"IAG AN F7. MY CY.
�.'�":R -•?.° heretofore on the i a_&,:, Oa `; C:_, 1;lr8; the
C'_ty CounCil Of tine Cit7 of Cor,uR ti.. , i - -. r- __„ c,.L'.
•- -- __. =_ - .r i C_t , c -is Ci, . - ,...e 10bi:
as o A._.ril, 1CL , on L 'cilo;:i} pr _os ;ions:
,I. _
lL_ 1
cc r ,,, 1 7r-- J 11
-- - -
.1 the L tJY ..e. 1 . - for -�3 -
ha Corr : eation^ c i.:,., L�H- of the Lta of
1y:
c•, t- •tk; >er 11. 1-. n .,etell.. av t C, 't. Co oil
c o c- win rty
1_e Cate of -. e i- suance o b� _;,6 _ -rest
C t„ -'ic lent Ito. a„ 1 L---t 'a -
�_i- func . to she Nord., x:k ur Ao. he ...,_
z-Cr=.el- are:et irytovexen w hlx. �h ci,.
as sv -t:.or ne h Constituticn a c the aWl, o” tae .- to of
,.exae *:d __e `restt x oa' wifl C t; .
•so= csnto:r
"Shzli the City coux:cil Of tixe Ci''y o" Cor�,•.�.s G =mieti
he a.ut_:orised to issue thc - bondr, of .aid L. t; e sum of ilinv
Eu:_csad- and _ft,- 2Lousan6 Lo_lars (1-9;0,000.30), ma.4:rix};
- : anti: 1 .,,.allcerrs as tha - Council nyy fr -
scribe within e -eriod of not exceeding thirty (,'i3O) *ears
from tx date oz' tLe issuance o' Fi aid bonds, bearing intei ^eat
at c or rate;: not �;o ezcoed :ve (j;) per cent =_F an um,
yabieVc.mi- nrn o17 aid io ley s t , an all taxable operty
witlan -aid City- °.'ic ient t p� t).e �axss:ue7. 'interest
-�.._ a: eirici -Z fund to pa, th-, bonne at ti:a -
.,ose o_` inpi ovine;; enlarging and. e; tenu!,IEg 1:_ .Fnita: �} ecaer
systers in snc_'?or s =.,iu City, as euthokized %, the Cons=titution
Exd t1,e laws of the hate of iezas the. Charter Of said City.
raoao=.10:1 No. 4
a.il the L'ity Counoll of the City o: Coro C-- nricti
be -- e ';endG id -Cit7 iv Gr.
�y ✓O) -.,
sucl: installments ac the Uty Council may Irescribe within a
period of not exceed" Pl.irt (;0) --Gars :Pros t.e date of t:,
iesuunce c: said bonds, one_ ^ins rote -,o , at a rate or :rats not
to exceei. i'iva ( ,,) p r cent sx;m::n, neyalle s- annual7.�;,
and to 10 s tan_ an all o:" the t,.r_able �erty :riii�.in the it, eui'fic ient t _`y tLe —.1 i o E - net and -- i�rovide a s1nt;-
i% fun, to -;;E�. �Lhe bonds at —t—, tr`— he ccu-
structing iraproven.nts to the murici_al airport os se-id City;
excerdi'% alai. improvi% the drainagc syste= t.ereof, Fnd
port =asirq he necusesr sitce and r;.E'_t of wags therefor ac
authorized by the 0onetitutioa znd the IO *7s of the eta to Of
'I.— and t'Ie Chester of so.ic
- - u ?ofialo i i' +O.
'Shell the City Council of the Chi,- of !iori,ae Chrieti
be authorised to issue the bonds cf said Cit;; in -ke euxl o_'
Cne 11ardred and rift,- Thoneand Dollars �a.tvr-
irg serielly in sttci!iaste.11,-.,s as the Cit,- Council
e wi'Li:in a rind _. oat exceei_inC; thirty (_;v) y -
,L:; -ate o -yea - _ k bona ' i,zg a _ --
raten0f rl' -Of n7+ O `=e— i- () ) •:r cent ,
to yes.- on ::il Of � La_.able
ropert,, ithi.n tLe City suf'icient to W_ ` tie eisr:slJi.raeres,
and ;rotide sinl:iryy f=? to pay tne bonds at ,•.,tuxit '. for
the puzreose of -,Le follo*aing pc- rns, ^_er:t inr-rovemErts, to -wit:
constructing buildi.-.g, equipplrg and i;.provine, rleaaur. Erounde,
°+,d nl.a,6rounde in and d City, f
c wiring then sass' 1—de Ix z s thereoorsend for i -
nrovix ;, extencing and equiyp7 _Measure grounds, Parke and
playgrounds now owned by saidCity, as authorised by the Con-
stitution and the laws of the State of Texas eyed the Chexter
of said City.':
1;,ae::5, said election wee duly and legttlly held in the
City of Corpus Christi, Texas, on the 10th d2� of isaril, 1'4E, et which
election a ina.jority o' the lega14 qualified electors owning tar_Eblc property
in said City ana who hei duly rendered tie. sale for taxation, voting at said
election, sustaiaed the "fro.�ositiOnc to isaue the bonds hereinafter described:
bi, the following vote,
ii
F20POZITIGH 140. 1
]:S8U'A"C-' OF ST051 MM 22,TROVE-
2;: 2 Votes;
II "AGI-111ST TUN 7!--STjA,7cz OF S-
_(1T44
zRovIzENT BONDS" 12 Ej_ E447 Vote ^ &.
"FOR M ISSUME 01' 3TEILM-T
Votes;
NOT I"": 'S"UI ;XL;E OF SZ-1--Wl 111RM-I&MT 40c
2-RoposITIL)K lic',
TF--
aT-'?0VFZE:l,'T 30NDS" Votes;
"AaLI '.LEE OF
2o:,m-"
PROPO=IOW No. 4
-'0-' 03 -=C-7',T Z:PR0ViZTp 'D&
B0I, 2,71- Votes;
THE ISEU-UCE OF ; —ORT a2lO-T
TM- ap:loz221 ;1
'--ARK BUZLDjjJ'.�-, Coj��STRUf,�701,, 301�1,fll
ji vote,
"-AaZ;Sl! TIE ISSUFJTCE OF PIlj-
3TJlLDl!iG-- COLSIMJCt"Yoj. 72L Vote,
heretofore f?!'d cite
3E IT CRDdS1 D BY 0-
0- C0"-us
CSuS'TI, TEAS:
FERT.;IP:itiG TO STOPj✓ S--,W::p B-1:,(Yv-=l;T 701,,E
t�e bonds Of said Cilty to be called. 'IC,,t;- of Coru,
4L
cJra,,, ztOrm -lewar jm_?rDvemsnt Bonds, Series , -,,
ba issued. under
—d bF virtue Of the C—'tlt't'— —d 1— Of ti,. 3t.te of Tess, for L_
7"l?0 of and -Zt—lling th LtOrm !J,,ter sOver
is and for 2aid.Cit3 , in tuho- principal sw. of One billion :our au-dxed
Five Thousand ($I,41� 00C.C,0) Dollars.
2. 'aat said bonds s1.&I1 be numbered frog; Cre (1) to One
Thousand Four Fundred cLit i�iNe (1,465). 'bOt2-- inClusive; shall be of t.*,e
denomination of One ,To*asEjnd ($1,000-00) Dollars each,
l'egstir>g On
e Million
Four hundred Sixth Five Thousand
($1,465,000.00) DOI
ii
3. That thoy sna11 be dated the lot a,;
of June, 19J,8,
ehall become duo and
�
pe,Jable serval.} r ss iollois:
BOIT S>(1-NlBME
I21T RML I DATES
Ml iOUIl iu
to 5, both
inol., June 1, 1949,5,000.Oo
6 to lo,
Jw e 1, 19 :0,
5,000.00
„
{!) 11 to 1j, 1e
1., SC,
, Jvne 1, 1951;
5,000.00
to
Jwie 1, 105 =,
35,000.00
5i to 7, "
7c' to loo,
" June 1, ig53>
25,000.00
June 1, 19,14
25,000.0,
101 to 12-
June 1, 1051
2 000. 00
126 to 155
Juas .. 1;5,
30;0x.00
15' to 155, '•
" Jano 1, 1977,
,•
30, 000.,YJ
l to 225
June 1, 1 < :58,
3.0.000.00
2- � to ''1 "
'� J e 1, 1 :;0,
1,0,0co. Oo
° 0;000.00
16 to 36;: "
June 1, 1961,
50,000.00
it 366 to 415,
Jiu:e 1, 19oP,
50,000.00
..6F to `15,
June l; 19(' ",
•0,000.00
? 516 to �. /�, n
June 1:
„
,000.00
'6 to 665,
June 1, 10<
50,000.0
'o6'c to 7 <J
June 1, 1966,
June 1, 155
'
leo.000.eu
766 to 270,
7,
100,000.00
871 to °80,
J.me 11 1965,
" Jr17: -; 1 1 6;.>
1 oj,O 0,0c). 00
451 to 7 :090,
June 1, 1;'70,
1_e, ox. co
1'0,000.00
10,12. to
Jtnc 1, 1$'71,
120.000.00
1211 to 1339 `
June 1, 1972,
lc 000.0,
Inc to
1'0,L'00.00
.. Th t s01d bo nds 5..0.1'_'0 Szta ast
Sonde IOS. 1 to 315 both inc1.,
3 -3�b ,o per zunum;
Bonds !IO -. 316 to
r
3onda IScs. to „
_
- ratable ➢ac --:per 1,
1948, ond. semi -e -47 thereafter on June
1;t ana 7,aCombel,
1st of oath year.
q
The forte Of Said -bonds shell be
'TO .—
T,TI:17-,D OF
IM7
� OF =,IS
COTA-Z OF ITLYLICES
(;IT" op CCC-tPUE CL71C=
ZTOM4 SL-IMP 1MITC`V--ZI7I BOND
ST-R=S 1914,°
vita of Corpus xe7:as; in tile cwrt, of
'ta -c- dial'- und�2, t�le Im"S 0-
Texas� r 7all, -8.1 CO,
th, Ctet, - --,c, f-
t2-e
X7 '2'01JS�-'T, DOI—TS
in ialqflnl mone o' 'h- Mete- 31 ;aerie a. �ftl- 1,
a_.t� h— f at -1- -ate (-`,) -:a --r :- --,
1'4`, aL�- lrx t'crpgfter or 1241.
I-ch jri-ij,l -a i.t----e,t
-d Of band Me Christi
Aatlonel -luk� t tle
rk� 74-Et', TY�F, o-
c' -...c holder al tI--- Chemical Bank and Trust Company
-ro- rt- I_r
-e for +I, --=-.t tle
Of tl!i" IOne? t 7Mtm'-7' nn tllel flit.I�Czl tl.r—r 2T ncnle�.
lih, te= —1 fffact ex—, a- ta int.re7t
an' ._ml: _e!3 One (7) to Or 7o6 �Jxt�,
Fie both Inc1v.,-ii,,., of the dentin!-.ation of 0,,, I-tousne (,61:000.nc))
On, jglli On ro— H=axa ix
M,467,000.00) rollars, issued for +he moose za of ,=Oro v ino, enlarg J'G and
-"w" sy— in -'j f— said city' ussczr -E
ordinance 1& dl" .of ow Wm� of asic mu M.Al.
11 7-7,1BY C=--'=,=b '.n of
ut ."WON 4 1"
Y%:_ hac Cl,
UL 41ecl'ion of _La"Osc wi-'I:in Feld Oil�
anL
llanne'� 1�Ljail�t'u lar; Lic-, 3-ZiG-"�Iuc cn'-'
FL�-Ll
:0 MAW A !"s
aE 'dl'
o LMAS K vm.h this ia.
I :o b& this
it, Qlty Ze crote_, —6-
1y., and Cff,y let C, sf
L*o'-,, Cite of C-IZdLmi, TeXc,..
City Tre.srser, Ciiy 7C—p— Z17ibi,
T"ae.
*(Donda Nos. I to 315 1-
h — 33Z t. 146 .
shrill bo -Ubsl—lially -o follows:
L;02_�— C7 ia DlloT to 1-••:n:•l It th,
Cm,pue Chrigti National Dank cl -,...as,
t:le Chemical Bak and Trust Comp=y
in .-C 11 K-1 I—lz, th. "Zi ,:
Dollars, in lava',, moire;; of
ti Urlit,3d 3•AQs rf ALaeyfc-., nmal`.bl ii-oeiF-t uv_ j;_t 6,E;!
0= —01,
dated j— 1, I;4C.. U. _.
7. -hob thE ;;ity --il.cL 'c;it;; of 0.
vadc .� �
- OL—silution aria UfL, Of the o: °ul c .ae 'UrfQ- of
,ith , Lc Ci"3 c-
thl.; -6h7��' �,i-
of v. hujd�,.. �,
v. 2:iz,t said bonde c1�11 •ov r;,"cLred. to Five
&nda'ad Eighty -i" both inclusive; &",all be of tie unionization of C—
F5— L..d—C
they shall. 'us dated. June 1, 2,46, aLd Qilali bcos.,
DOM-- MT2=2; I=-UEIT'i iii=-S
ta jt:, e J., 11�4 ,
U to 10, June I
11 to Ir
June 1: -,000.00
16 June 1, 195a, 1„000.00
51 to 40, Junes , 1�54, 10,000.00
41 u. , j— I 1, -,0,000.00
-,0
51 to Slo, j— I 10,000.00
61 to 70, June 1, 1� , 10, xo. 00
71 to 6�5 , Jvl,.e 1, I"W, 15,000.00
,6 June h 1958, 15,000.GO
BONDS S?,'ME-mq
? 'ITU-ti ITY DATE
C,SYOL`Iv'TS i
101 to 11;, both
incl., June 1, E_;9,
y 15,000.00
716 to 13c, „
Sure 1, 1,�O,
151000. Go
131 to 1jo,
June 1, 1961,
20,000.00
151 to 170,
^ Suaa 1, 1% -,
20, o0o. GG
171 to 190,
" Sane 1, 1;63,
2C, 000.00
19_ to 210,
June 1, 1961,
20,000.00
^ell to 230,
June 1, 17Qi,
20,000.00
2j1 to 270,
June 1, 1966,
40,030.00
271 to 310,
- June 1, 1967,
40, coo. 00
311 to 350,
June 1, YSL,
4D, OOG.00
351 to °.gp, ��
'� June 1, 19oy,
40,Ooo.00
311 to 4- "
" J-rue 1, 197v^
l 5, OOC. Go
430 io 480, 1e
June 1 1,11,
000.00
481. to -
'� Jura 1572,
,
50.000.00
June 1, 1;7;
j; m. 0(,
3. tea. intcrcut at. the ra ac 4a
follows:
3. 130 , I:oti:
1ac1.; 3-34= :er
r,
Bonds Nos. 131 to
- -1 2 'e-,
Bonds Nos. o v
_r Fer uuz,.
ye0 =8ble Ikcu bcr
1, 194E, ::.nom
on Jnnc Lt _a
P.ce, -c sr 1st
�-1- ILe fOm Of Ealu OOnde s}iali
CE SUbslantiall;i &6
follows:
No._
w1,00o.3C
yO
Ik.'i ` EU.
COU171Y OF U.C31
Cliff 0 CJ.u°US CrrT
SI?..��" BOIi;;y
Ths .. -. of Corn:;-- L'I.rl , 2cm-,
1:: tIL, County of irwcc�s,.
state Of Texas, a
Lu niciT =1 cor Joratioy, d:o4. inoor,�Ora'ed UlY::cT' ti:a 1.w8 o=
. Lhe State of Texas, for value received, i.erebJ -;rottitsee co = to -t. e bear-tr
:.ereoff' on the 1st
dzL.' of June, 1'_, ti;e
ol.-. THCV --,ICJ 17CL1t�3.>
1n lawful mned of
the Uriteu Ctate2 of nmerica, S;ith
interest thereon from
Plata h,:000f at c.e rate of L2�LCGr cea- 'y'er anni'l1,
�� interest payable December 1, 1948, and seal.- exumoll, tl- ,eras. °tar on J"e lct andi
Dace: _bcr le, of each -year, t_L ,p-rinejPal anc interest Payable upor, prasentatioti
and surrender of bona or proper cQKOn at the Corpus Christi lidtional
i;
Bank, Co-.yus Chrie.ti, mends, or at ti:e oFtion c; the holder at the
li
rn.m+ Trust (baoanr t;ie i;
_n
' orauj�a of YE.u-,a, in tae City
of New York, and file City of COrpue Chricai is herety held ad. filt, Uouid,
ii
and is with and credit and all tLzabie proper-
ill said City a.a harsh-:
a
II pledged for the prompt payment of the principal of tbic bond at maturity wed
.iiu Uond is one - o a zeric -v of - -
.'iYC ilunpTon :i�'.yy' F it'd
bones o-.' like tenor end effect, except a:. to nucice_•, interest rate ald
naturit•, numbcrca fro-m One (1) to Five nunered 3i6.I.y live (-55), bat;: in-
�:� clusice, of t..e. denomination of One i= :ousand ($1,000.00) Doll:--a each, afire -
Cating Slue Eundred aigliw rive Tk Ouz&= (,N5.000.00) Dollars, issuea for tie
purpoaa o *" i:: permanent street i provecerte wi'ch-I the City; csu er d br
vireu:, o. t,:e C.bit:+tion and i— of ,.. ;;tt -,to-
oral need c� - City Cou..aii o_ .,._e ,U oz Corpus 01 o , IFa_ a, much
Ij
ordinance is du_y of record in ;he minutes of 2eia City Council.
i.,e date of this bona in conformity with the ordium,,e
— vtfoned is the 1— aa7
Q1 1T 1:' a—"=Y C—== AT!, 2 -D tr at the _:.,-u_ —. 0
J
this uOna, and t__:, series of wi:ich it is a _ ---t, is dul�-g ;utLorizsd by law
and bj a vote of the resident, lus.lifisd electors who o-,rr. ts.ab -e _rroi;ert'�-
in s,,,.id Cite and w1--1 haul U-1,- rcndarea the man -- _os uc..:a..._on i. ,._c CS y, o.
Corp— an izti, 'texas' Vati'ie, at F_n alec'. I OL held. for t_`iat - VS�Dooe within
said City on the 10th der of April, 194 &; tnat all acts, co:.ditioi; s,d things
required to be done pr::ceaent to ad in tl:e i.,.,uanca of thic series 0. bonds,
and of his bond, 'ace peen i:c ererJ- dome and erfcx a nd have happened in
regular LLzd due tine, form ;,nc Harmer as required b., law; that su'ficicnt and
proper provision fcr tle le and collection 0? -, yes has Leen made, which,
xY.en colleotad, vhali ',:e 1r - _rJ.taa exclusSvaiy to c e rar -Wont of this bond,
—a " t1--o series of wl-SCI^. itic a ,art, —d to the puyrent of the interest
coupons hereto ann;le:d as the same shall become due; and that the total in-
debtednees of said City of Corpus Ciiisti, including the entire series of bonds
of which this ie, one, does not arceed axyy constitutional or statvtory iimitatior{.
III WIMESS WM-RECT, tie City of Corpus fexae, by
its Citwi CO—i'l 1< as, caused its carPaalt- -e.1 to be afi:i-ed Hereto, and this
bond to be sig..d -,d 1,,;0,,, bj i" city S.s—cteaw anc,
s -Or
ietercL by its City Treasurer, md 75he '--te::azt coupons he.-^eTo atteCI,,C6_
to be executed by the litliC6r&:,,hOL Or p-Laved cf tL.2
b" or a-id City =2 of t— 11, dcw —' j—, IS,18.
oit�- .-- C.•pus Oyu-ist`,
j2ax-
City D,az"— 7�t
z ef cc,2,ms c171 7
7,
L.— I 0 d� 130, -'nal.,3-3/4 �, -- —1—
L�= Los. 3
T-e fo--• of coupon wall "be
iC
Cit Of u'o"'Uz 2ey- —12.
Corpus Christi N.t:Lni CL-,i—i
th, oPt"'- I- the -:.Id..!,, ab 2ie ChMlCal Bank and Trust Company
in thE =U.n of
Met— W A—M4 bmo non ._e' is y_,,.,, a A" 60
2"ev Anow=M Rou" ac rue "4n enm
TO TZI
'3 11LE Of L : :o
Nam PHAi, S Aso 2�1 W—Wn " M", %M— awn n
1m'7— —d %- 'i tua of ILI- Co ,,ti— ane I-xc of c t,te ef 7r7,,-, c,
fC-'
11- t
Juno 1; 1
raIo
D jD
LC.
.
L53
its
mac
a D
141c
T.
0 X 0. 0.,
71 lo c 7C
7
—ia
1 to 195
196 -35U—'
;.o
17. e 'oili oF cunt,nLj
Ho
Doo. 00
COUFJTY oi
OF 1
CHUST.-
30i;L
i,,48
!,-qe Ciy of 0-1— chri.ti, 2.—, in th. C— of tiU.—,
-t-t- o —der t,. j, -
che --tFt6 of -rQr VPIU,- rac-li"led; to '2�; to u.c be�nr
�'ey w, Junc, 12
Eum
77GU1d,
iaw=al — v Of the Uait— -'testes ..,
date nereof at L!Y, rate of (*') yEr cent per
I )aja b..le D'e"'be-, 1.
Is.,
a'IC, LeCE"er isl Of —CL Dear, or-
'r-entatioll —d cur,clld�c of ltonc or co,-,= t Corpus Christi
of tLie holder, at the Chemical Bank and Trust Company
in thC Boron6h of 112x3iatt
t5 Of New 'OrLI, and Oita- of Co,,— Cliristi
C-'-�L are llereb; -,l,de.d for t
merit of ti. ri, -
cipal of this bond at natjr! Q
and tr.e interest lhc-2eon as it accncc.
Tiffs bone, is one of series of jj'r
-"'a' of like 'c—'I and -ff— --oPt es to niwa". iaureet rate —d —turit,
MMI—red from On- (1) to hine a=dvcd :'iffy ( �C)
1-11 inclusive, of t-re de-
noTunetjon of OTe i1-:ousdzd Dollars c-sch, 1•',JnQ
Fift;! •fho�,nd, D.11, issued, for the f. ose of im-
--it—�' —r -Y-t— 1- —6. for said City, —1—
and -by virtue of the Constitution and- laws of the I-ta-e o,' Texas; nd ;Ursv-�at
-.
City Council of rho City or C-Du. chi<- ,
V1.1ch oral.-- is a,4, of of said ci-,
i:he Cato of snis bond in ccnformitkwith the ordinance above
Mentioned is the lot d-* of J=e, 1-43.
-LI0 TT -�--ZY CL=a'I!,D AND t-(-== tk.t emae !--c
this bond, and the -h--. �t 1. , -t; - d:,4 -thri-d. b3 1- -d
a vote of the re Eiden.,, Electors Who ovn "ay2-01E OnDIi6-1, ir,
it- and w; _o h:;d t E,, -, nor tzac.zj m iL ae City 0' or�=
C
within -id. C'-,y
on the !OtIi az3 of April, 1;4C; that -.I- acts, uoitjon2 and things required
to be lane frocadeat '0 and in t';-!e isMulcc cf his series if bonds, anE Of
,hie bond, Lave bean properly do- and r-formed axe lxvc I.pj;en.d in reL:Ular
-e, d.- ti-, f.- bZ law; t1-1. ffi.ic.t a
-'o-- ',:,u 1, LC and -11-tion of ta:;es I,Oz been =Le which, wh-
sasll be appropvialcd excluaivek- to t�-s -.Ia�MeL of -i, Loui. and
-.Le -ri s 0- il- e.Uo, t3 "- -,—t 01 W5e
it hereto ar—d as Who — Ehall become d-; and ti-t t:e total indebtedness
0' st.lc Of carj,'IE Of lon� o- 7qiw-
t
�hls --'� one, does not exceed ,:
1 WITIL 2, '=-REG--, thc Cit} z by
its Cil- Council -1-1 its cog ^orate -.1 '61 1- Ffz!ix--d --t.,
bond to be Dicned its M,yor, cowltel.,-iEzea by its Cit, 6ecretary and recister-
od by its City '�reasurer,. aw! the JiLterast, cTaponE har,,tc attuc"-d to be ex-
-t.d by the lith.Gmphed. or printed facsimile iS-tur- of t:,. 1�,7.r -d
C3 ;Y se.retry .. Of the let az;;; of j"O'. 1y4,.
Eazlor; City of Comur CI-.r!zt!, Texas.
CoUl"MMSICIED:
City Secr.ta.;y�, City of Co,--2us Chrlzti,
Texas.
ii
City Treasurer, City of Corpus Clzi=—
*(Bg,id-r, Nrc. Ito 195 both incl.; 3-3/4 -' Per ain-.um;
er �-aaam;
3ouds iron. 196 to 950
hoe. to
li
IC. Tlhe farm of coupon shall be substajtjul�,, ac follows:
ON = 191^ D,"X OF
j(:
ICI The C,ty of C-1— Christi, T.=—, r,ill p c, b et
the Corpus Cbriati. National 1, Christi,
or, at --h- option of the 2101aer, at t_e Chemical B=k and Trust compsmy
it ti:e EOrOl,'&", Of 2a,llattan, in the Ofty of .'ea Ycrs, the sum of
in I—ful —ne� or
months' in ter t f � ... rc
&&& or.
City Of CorDua ch-III&ti, Texas, Sanita27:! Seger Improvement "ries 1-,413)
Cit;- 5--7777— ------
TO X2E072-UP2 '-C14D2
t 1=atcent
!—a c- c 'Ste +e
the of "o tl, -Tmicl',al pi---,ort =7
"tene-'n- -ana ir;lro-,
lr4� tIC cr—'_aLC 27,�-,-ZL th, Cof;
2.-ou-2, (4'-100,000.00)
-nat 3eid b0ndE =11 "Do --rcm One (1) t�-
!:=L-ed (InO), both !ncll-iv.: ❑ -,all be
21. T-et thE,-, shell be dated- June 1, J°hl, and ,rc,jl c or,
due and Wable
=0-1=7 M—BI—MRS
1 to 1=
2.� to 2C"
Jove 1, lose,
s"�, 1'.
MO. 00
21 ' 25
26 to
ju-e 1,
00
30,
1:
�000. 00
-,C J. 0
(")0. no
43 to 4
I'( to `.0,
00. OL)
Bcr= 11110=s
5l to bz,',i
56 to 6o,
'I to
7"
71 1� 7-
7r, PO
84 to n0,
cl to
to lon.
L-LT—Ul-lim —DATES
2—OUDML
'Y'
,000.00
000.01
j— 11 195,
5,000.00
7:
00). 00
000. no
61 to 100 1 21,
—7:
lor4- 70-. to
--P
�'. :!-,e -- ---Al b—d, !,,ll 'bc --
11, on'. on
E -M�
-�p
Ooln--, OF
C= OF CTTI��—
=02T =�n77�2717 '01D
St-q=s 19llc
The Cil,, of Corru oliri,-ti, I-txaE, in the Count,-, of lNueces,
State f Te..., I. > nicinal Ou3. i.—_ f
c. , Ic—, far 4n1— —Gciv—, he—� to
tic ::um or
on the lit aa3
of j— —6 i;,, 1— L — ter
Corpua Christi National lexas, C-1,
ii
it
c,t--3n Df .L. h0lau_; Chemical Beak and Ty t CcxA)ajv
in
f
o Oz, ..—'a
1D6.
77,
'L .LL 1ct (IV '= 1:4E
j.
Lld for tL1 ,,,On -11 t.!t cjt� .1,
ieY5,, al,
'l,%,, &-Lv 1�40;
to be d.— or—ud—t - —d.
"Onc cn�, "I-ve
and due z,mzl squired b.. law; that su'ficieri-, and j:,roler
vision o_ '4h ..11j of t— L— LI.— —L' 11
v"'Il cxo'-uz!Ne-lj to the 7&ji r'� of this bond, us.
Of tlie series of which it is a -za•t, Ul,(l to tliC of the jIltel,e5t C;oUpolD
hereto amlsxld as t---o 8-�' skull alc; srd tLa ti.a total
of said G"W of the -ti- ur b-13 of wh-h
Vie is cl t.t'tozy
10 OF. tLl- City of Corpus
its Pity Council hay c&—C it, 2 c se,j to be affil,&, Icr,,o 'L this
"G..' Ycy-' b� -!L ty
hJ i'" City Tlea3U -, er:0, *,hc ir-teiuOt cu-or- hereto attache,!
to 15 executed b the lith%r"2hed Or printed �,Ianj Eig.aturcs of .
-1 facsimile �h,
Excreta. - of gale --,t -y pi jun., -,,k.
Ma;.". Ci-q Of C-rp- lox.s.—
ci,,' &..—t=-.'Y' cit: o;, Corp— C?'i.ti'
City Treasurer, City of Corpus Christi,
Texas.
-(Bond' ii.6. i to 60 , b-h 3-3/4�, per
3-de 61 I ="' Ter
B01.1s to
per
Ze fOM of coupor, E�hall b(, mib--tzx.tjwj,'; ae follolcO:
ON 'iM-- 1-T Z1'_Y OF
The City- of Cor.,as C'!-rL,-I4,. Iexa2, will pay '0 be;XEI' at
the C-rlm. Christi wti-.'
sanl'ff ce 'r- nri'ti,
Texas, or, at the oTtim of the holder, at the Chemical Bank eAd T=St
Company it t-e Borou6L of Heal vutm' -1 ties City
oe Few York, th, sum of
D.3-1—, in —Jl of the Unit— Sete. of —ri.., using
Ij
i!-t dL„ on CitJ of C-p., coi.ti, 'Poxes, A112.1t 1pr--t
Bo.", 2eri 1,143, d Jun. 1942, r..
TLIE PI47, EON „,
the bonds of said City to 11od %IL, Of
Christi, T-x-, Park Ljxovc -nt H.nda, 6e- ee 1g,' -c Sssuec wider
and by virtue of Ille 0011,-ItUation alld laws of the Z';ate of for the
I AlryE
to
in ia 'Jitj, for securlue, -a quirin,;
1&LndF,, GZL sites ther6l'cr and for :L-cfroviq, exteadirG and cquj_
y1,.azure
Da.ks znCL now mncd. by Eai
d Ci ;;us o"
Gno E-dr.6 Fif,y (qI50,00G.ori) Doll-
26. That saic bonds ah.11 'Le mal;orcd from one (I ) to One
0 tLe dEzolnatioa of 3n,
Doll-
,7
oc L gal juae
,Oe
clue -,&ya7ble sarialIZ,
as 110WO:
to boti- incl.,
June 1,
000. CO
to 10,
June 1�' 1 0,
000. OC)
11 to 1�;,
li,
5, 000. CO
June 1,
000. w
-1 to L-
J= I. I
T 1,
31 to L�, ,
ji- 1, L5
5,000.00
,6 to 4o,
J- 1, 1'J
Cco. 0
41 to
J Ime 1, 1� -7,
to
June 1, 155E,
5,000. 00
v)
June 11 15z5lc"-
:,000.00
to ��10,
jvme 1, 1960,
00%). 00
61 to
1961,
5,000.00
b to 70,
71 to 75
7b to &
()GO. 00
61 to
S4
"'
0,Do. x
Jun. 1, 15
oco. 00
86 0,
June I 19,55;
000.00
"l to
June 1
000. 00
I,- to 10(,
June I, 1 0,
000. 00
101 to 110,
10.000.00
120,
J-- 1, I970,
10, OOV_00
]F1 to 130
Jane 1 1471,
lo, 000. cc
131 to 140,
J 1: 1972,
10,00().00
141 to 150,
June 1, 147„ 73,
.
10,000.00
22- That said bonds shall beer interest at the rates zs
I to 60 3-3 Ll"'
61 to - 5=0 laz�
per annum;
Eonfls N06. to 11 per annum,
thereafter on j-a 1st and D--ber
Ii
215- Th,' fora of said bonds shall -ue subetalltijal2,y as folloiw6:
X.— (51; 000. OO
T=M S7=S OF AbZEICA
STII.TR OF TIMAS
COUNIfy OF 7=17-q
C11111 07 CC21US CERTTSTI
Tha city of '-r
u th, f 1--u-,
6tat' -f ".-I a iLC.rpprated under tija jaw, sj-
vi'e -C I I-te of TcyaB' fop Value ---Ccuivec' to rZ to 'Oesxtr
- t ray
11; lal-'L! -ney f ti:a ;tat.::,
I:Itr- fnt_!^-t -,hei a=
date Ic.&Oi at t! -o rate of
(* ) _.'f' =jlnuji;
interest ---aZlable December 1. 1948, and seya—zvl-us.11,i thereafter on the let C',Z;
0T june sllL t t av of o mac h jear,!;)t-
res,,
payable ." corpus Christi National
Christi, Texas, Or, at the option of ties hQUer, at tine Chemical Bank and
Trast Company in the Borou6h of •wlh'ttap, in the C""y
and the City- of Cor;.s Chrlati is her.Ly hua azxd PI-1, I•. r-0-
its faith and credit une, all taxable property' in said. City are Leby pledged
for Eiv -,cronpt paroment of the of ti.iL ow at ratnri-4 and the inter-
uee.
Thio bona is — of , ,i o^ One Z-A"a (1,0)
t-as of like t_- and e fmt, enoect a. to iiit.rmt rt; c and =ft,-,
inclusiv-,, of the de-
noidnation of One Doll ar8
i's—I xo, tn- of
lk WE Almoa ;hams ywwaz.. and --n and fsI
no,
owne" ',„ _a_c city, ._,.a.,. ed -,-It"' o f Utc.cIjl, c 1--vt of L-L
WAS of !nab ME 2WEwN.
I,% c,
of I i.- is -1. "hc of '_t i�- c t, is LL)y 0 1 -`'u
ar�c. vot of t;w Iec-.DfL v_') 7Ka �_- jrl;
Eaf CIO =_t 'il.. 1, Lul, tho for —tion "k,
C_Ms A—MM, W-0 —,A, �v M.W hut f.r Mt D—pow" vi_A.
sad City on tM WS 0, of OAl, QQ Ent all cone t ors _u
ANy repired to he dons ymomt A and A the AM=e Of tw Senw. of
iii WWO —d of n" b—, M— been IM-0 W— —d "Wo—ed -A "— Wnc-
_apw1' —1 51, U--, f—, "na — -0 -b� I--, C _ffim—S
asd -_:Vo-er fov ths arw, t�_'o -as mean =de
w7iqczl oollmtca, 6hall Is afpropriated ezcaawwea:., Go the 2Vtieat of ,1is coed,
ry
ana If Z,.e i of w hich it i, a t, and to to 1,ay-.t of _c interest
coupons ito c t:-e cane ohUl d,,,.; ana aZt Lot.l i.-
debtedness of aald Ci-,,, of Corpus CYxisti, Texas, incladinG t..e eratire serieO
of bmk of wich tUs is ono Ems not aw"d az�y coastit;ati.nal oi- stav•or,
III lindte'�ion.
I.-.
itz; City Council hu caused its comorate seal to be affixed llcxeto; end this
I
lboza to lz t, its Keyor, coumteni,�Iled 1;- i',,- City Zcretary ai;L
-,gir; - c'-- -_- n c, tl!, in I ---.t —.ns I — "'. -t t.--r!
to `-e -..'t- ".y t'- litL.8-�P1'6c, or _minted i,-t-,u .P U,
Kayor end Ci-cy Eecret.-27.- Lci of the let cm„ of jua,
COTJTI,T : :Gl-� D:
Srcretezy,. City of Con"i's
Tcyas.
,e,_=, City of Corp,,-,
Y-,3 Z;
30. 2- f— o CO.1 OS1 -1:-!! I- full -e:
01-1 M-- 2- T IT
T-_ , Cit .- C-- Ta-., -'i
tee Corpus Christi NtI.-I
crt-lo of tl,e hD,-r,, Chemical Bank and Trust Com-X
-r-, th. Out,i Cf i,.l th- Cli% Df �,,, Yo r-!-, the E: of
J f t-e luniteu �: t- of bei,�6 a.,
LL- of ,-!-Gy of cDrlms Geist', Texas, L-IroNem6r- For-,d., ---rics 1 ^4e.
June ho.
L11,21-=L.G TO rLL :SSITE 'OVZ M-1111:lr-l::D
0 v -kttmt-ll;- the certific te -0e nmnt-
.
.c-. on the beak of each b..,,!:
OFFICE OF C011.:-7-ROL7_2
OF Tzy--1
I hZMY CaTI?Y '.hat tLere is on Me aLd of record in my
off-o a —tifi-te the I G—i-J, of t:,, ZA.-- of 1e-B to the
.. 'fact tLa-I this U.-I hc, been esn nee. -ly hi. - requires Ly -d. tl: '.
11 he fizads that it hap beer. issuec, in oonfoTdby with the Consti—mulon and law,-
of the State of T--ac, and -hat it is -a valie, and binding bli"ti.. ..arc.
City of C—p— Christi, end .'d boid ho. I.ie daz be— by
me-
n;7 1' ff HAM and Seal 0-7 office at Austin. _
Conr'.r1j11-r of a,,blic ficcoun,.c of tap
Ct.t. Of
3L, iha.- the �nd irtseet of bonds 11
be pvyable a:,on =eoentatior, end auryerder of bon& or -r3,er coupon at the
C-1— Cb"'t' N'ti-1 C--p—, Chl_',ti, T—a,-, 't
the —tion of tie holder, ;_, the Chemical Bank and Tmst Company
in the Bo1:o,;Eh Of iz, the City of Few 'Yorl-t.
1 Ouch o' -�iE `,—do -be
Ctr,,L..c by th, cit�, _,nd r,gtcd b; the CitZ anft
the ce ora. cal Of 1,C C" y of Corjua Chr�ot_',
on. eacl, of then.
:',!It the �i61 _. -f tLe !.�Z
'eo-
vy 7e 1_'tho6:raphod o rrin.z.d on the co—O a--cl.ed to id ton—
,La _,V_ thc
ti-e sal,�d
or—ec, to ba deOi6_,,L a,
ty of Co-7,11s Chri-ti, :zXas. ctorc Scw�_ JMprovcner,-. 3onL-, Sez,_'ez;
1;-43 nd";
%1t,, "Cori Chri.ti, To—, I7_i.,Y. Pena--, 20,1— I54'
iLy of ChriOt--',. rcX, S_ritary ivrcr D.ro-e�-nt Eondz,Seri,o
"City of' Ccr,,,,iE GIxiati, Texas, .r,,ort 1r_-3rmm_en-. 2ondc, 1^48
Of G.rj,,s C1 ril.t_', , 1—Io, 7--ic
Me iroQeeds of .11 ta:-os collected for or on aco=n, of each series of bon"
be credited to eacl_ mach fund for the redo= -ion o' Said bands r-,t matur-
1
it} and to rey the interest as it —ru.s thereon, aac said fund. hell be
ii
it
j
uead for no other purpose. To create said funds, a tas on the One Hundred
-ij ( *100.00) Dollars' valuation of taxable property in the City of Corpus Christi,:
'i Texas, is hereby levied for the year 194$ for the respective issues of bonds
as followa'V.
Storm Sewer Improvemeat Bonds - - - - - -
Street Improvement Bond- - - - - - - - - /, . ¢•
Sanitary Sever Improvement Bonds
Airport Improvement Bonds - - - - - - - - �• i ¢;
Farr Improvement Bonds - - - - - - - - -
Each year thereafter while any of said bands or interest due thereon ars un-
paid, and at the time other City taxes are levied during said years, there shall
be computed and ascertained what rate of tax, based upon the latest approved
tax rolls of maid City will be necessary, requisite and sufficient to fully
make, raise and produce In each of said years the current Interest and the re-
quired amount of the principal for such year, for each issue of bonds, or a
Proportionate part thereof, and a tax at such rate within the permitted Charter
rate on the one Hundred Dollars, valuation shall be levied - -..sad and
collected during each of said years, for each issue of bonds and said tax is
hereby levied and ordered to be assessed and collected, and the taxes shall
be applied to said purpose and to no other purpose.
36. Be it further ordained that Wesley E. Seale, Mayor
Of said City, shall be authorized to take and have charge of all necessary
records pending investigation by the Attorney General and shall take and have
charge and control of the bond. herein authorized pending their approval by the
Attorney General, registration by the Comptroller and their actual delivery to
jj the purchaser thereof.
37• The fact that the contemplated improvements are neces-
ear7 for the orderly development and growth of the City of Corpus Christi and
for the protection of life, health and property and for the general welfare
Of the citizens and residents of the City of Corpus Christi creates a public
emergency and imperative neoemsity requiring the suspension of the Charter rule
that nc Ordinance or resolution shall be passed finally on the date it is in-
troduced and that each ordinance or resolution shall be read at three several
meetings of the City Council, and the Mayor having declarred that each public
1+
I�
lid emargenoy and imperative necessity exist, and having requested that such
Charter rule be suspended, and that this ordinance be passed fingXV on the
date of its introduction and take effect and be In full force and effect
from and after its passage, IT Is ACCORDINGLY 80 OIMA MM.
PASSED AND APPROVED this t 15- day of dune, 1948.
Mayor, CW of C , Texas.
ATTEST:
APPROVED AS TO LECAL FORM: .-/
AVAStant city A
The foregoinE Crdinance has been approved as tc form and
correctness t'his 1Sth day of June, lyl,;B.