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Home My WebLink About02297 ORD - 06/15/1948TIE STATE OF TEAS COUNTY OF NUECES Q CITY OF CORPUS CHRISTI , On this the 15th day of June 1918, the City Council Of the City of Corpus Christi, Texas, convened in Regular Yeating, with the following members of said Council present, to -dt, J..ley E. Seale, Mayor George R. Clark, Jr. John A. Ferris commissioners R. R. Henry 1 Joe T. Lawweon M. A. Cage, Jr. City Secretary, with the following absent- /(/ Al constituting e quorum, at which t' the following among other business was transacted, 19i-• t € presented, for the consideration of the Council, an Ordinance. The Ordinance was read by the City secretary. The blayor presented to the Council a communication in writing pertaining to said proposed Ordinance, as follows, Corpus Christi, Texas .Jose 15th , 1948 TO THE L2MRS OF TIM CITY COUNCIL Corpus Christi, Texas C ntlemen, For the reasons set forth in the emergency 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 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, hereby request that you suspend said Charter rule or requirement and pas, this ordinance finally on the date it is introduced, or at the present meeting of the City Council. Respectfully, , OR City of Corpus Christi, Texas a Iq U Commissioner p(}_� made 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 Ye emergency clause of the Crdinence. The motion was seconded by Mr. The motion was carried by a unanimous vote by the City Council, viz; AYESt Commissioners Clark, Ferris, Henry and Dawson. PIAYES. None. Mr. �d.PI ��j made a motion that the ordinance be passed finally. The motion was seconded by Mr. The motion was carried by the following vote: AYES: Commissioners Clark, Ferris, Henry and Dawson. NAYES: Bone. The Mayor requested that the records show that he voted ?Aye. This was done. The Mayor announced that the Ordinance had been passed. The Ordinance is as follows; ORDINANCE %'e. )- % 77 AWARDING TO THE PURCHASERS CITY OF CORPUS CHRISTI, TEXAS, STORM SURER IMPROM5,NT BONDS, $1,li65,000.0o; STREET IWPROVE9W BOPIDS, $585,000.00; SANITARY SEWER SYSTEM IMPROVEMENT BONDS, $950,000.00; AIRPORT BONDS, $100,000.00; PART[ IITROV13ENT BONDS, $150,000.00, AND DECLARING AN EMERGENCY. WHEREAS, the City Council of the City of Corpus Christi, Texas, did on June 11, 1948, receive certain offers for the bonds hereinafter described, pursuant to an Official Offering thereof. Said bonds being briefly described as follows, Storm Sewer Improvement Bonds, $1,1465,000.00; Street Improvement Bonds, 585,000,00; Sanitary Sewer System Improvement Bonds, 950,000.00; Airport Bonds, 100,000.00; Park Improvement Bonds, 150,000,00; and, VjiEREAS, after having received and considered all of the bids filed for said bonds the City Council considers the offer of the A. C. Allyn and Com- dokw 1J veers a =d COmu hJ a I1 i pony, Chicago, Illlnol sarcus, ICindre� hicagdlingf.nois; Boettcher and Company, Denver, Colorado; C. F. Childs and Company, Chicago, Illinois; B. V. Christi & Co., Houston, Texas; Commerce Trust Company, Kansas City, Missouri, Dewar, Robertson & Pencoast, San Antonio, Texas; Dittmar & Company, San Antonio, Texas; First Cleveland Corporation, Cleveland, Ohio; First of Texas Corporation, San Antonio, Texas; Fox, Reuseh & Co., Inc., Cincinnati, Ohio; Yoroney, Beissner & Co., Houston, Texas; Paine, Ydeboer, Jackson & Curtis, Chicago, Illinois; J. R. Phillips Investment Co., Inc., Houston, Texas; Rauscher, Pierce & Co., Inc., San Antonio, Texas; Roosevelt &Cross, Inc., New York, New York; Rowles, Winston & Co., Houston, Texas; Russ & Company, Inc., San Antonio, Texas; F. Bert Smith & Co., Corpus Christi, Texas; Stem Brothers & Co., Kansas City, Missouri; Stranshan, Harris & Co., Inc., Toledo, Ohio; B. J. Van Ingen & Co., Inc., New York, New York; Walter, Woody & Heimardinger, Cincinnati, Ohio; The Weil. Roth & Irving Co., Cincinnati, Ohio; Chas. B. White & Co., Houston, Texas, as the highest and best .bid, which is par and accrued interest to date of delivery plus a premium of $1,252,00 for bonds of each of the issues maturing in the years 1949 to 1960, I, both inclusive, 3 -3/10= per annum; bonds maturing in the years 1961 to 1973, both r inolus iva, 3 -129. per annum; and, WHEREAS, it is considered to be to the best interest of the City that said bid be accepted; BE IT OFDAIXM) BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, John 1. That the bid of/ Nuvaen end Company Chicago, Illinois; A. C. Allyn and Company Chicago, Illinois Barons Kindred & Co. Chicago, Illinois Boettcher and Company Denver, Colorado C. F. Childs and Comp.,W Chicago, Illinois B. V. Christi & Co. Houston, Texas Comae— U-ust Company Kansas City, pYissouri Dewar, Robertson & Pancoast San Antonio, Texas Dittmar & Company San Antonio, Texas First Cleveland Corporation Cleveland, Ohio First of Texas Corporation San Antonio, Texas Fox, Reusoh & Co., Inc. Cincinnati, Ohio 24oroney, Beisener & Co. Houston, Texas Paine, Webj; —, Jackson & Curtis Chicago, Illinois J. R. Phillips ?nvestment Co., Inc. Houston, Texas Rauscner, Pierce & Co., Inc. San Antonio, Texas Roosevelt & Cross, Inc. New York, New York Rowles, Winston & Co. Houston, Texas Russ & Company, Inc. San Antonio, Texas F. Bert Smith & Co. Corpus Christi, Texas Stern Brothers & Co. Kansas City, hlissouri Stranshan, Barris & Co., Inc. Toledo, Ohio B. J. Van Ingen & Co., Inc. New York, New York Walter, Woody & Heimerdinger Cincinnati, Ohio CThe Weil, Roth F& Irving Co. Cincinnati, Ohio fOrrssaid bonds, be ?ng a bid of par plus accrue&oinieor&eN`osdate of delivery olds a premium of $1252.00, be and the same ie hereby accepted. 2. That the Mayor, City Secret&17 and City Treasurer be and they are hereby ordered and directed to do any and all things necessary to complete the delivery of said bonds to the said A. C. Allyn and Company, Chicago, Illinois; Barcus, kindred & Co., Chicago, Illinois; Boettcher and Com- pany, Denver, Colorado; C. F. Childs and Company, Chicago, Illinois; g, V. Christi & Co., Houston, Texas; Commerce Trust Company, Kansas City, 11issouri; Dewar, Robertson & Pancoast, San Antonio, Texas; Dittmar & Company, San Antonio, Texas; First Cleveland Corporation, Cleveland, Ohio; First of Texas Corporation, San Antonio, Texas; Fox, Reusch & Co., Inc., Cincinnati, Ohio; Woroney, Beissuer & Co., Houston, Texas; Paine, Webber, Jackson & Curtis, Chicago, Illinois; J. R. Phillips Investment Co., Inc., Houston, Texas; Rauscher, Pierce & Co., Inc., San Antonio, Texas; Roosevelt & Cross, Inc., New York, New York; Rowles, Winston & Co., Houston, Texas; Russ & Company, Inc., San Antonio, Texas; F. Bert Smith & Co., Corpus Christi, Texas; Stern Brothers & Co., Kansas City, Missouri; Stranshan, Harris & Co., Inc., Toledo, Ohio; B. J. Van Ingen & Co., Inc., New York, New York; Walter, Woody & Heimerdinger,. Cincinnati, Ohio; The Weil, Roth & Irving Co., Cincinnati, Ohio; Chas. B. White & Co., Houston, Texas ; John Nuveem and Company, Chicago, Illinois, in accordance with the bid, end the receiving of the ;aoney for the benefit of the City. I ' Ii I� 'j 3. The fact that the contemplated improvements are necessary for '..'ithe orderly development and growth of the City of Corpus Christi, Texas, '.j creates a public emergency and an imperative public necessity requiring the I suspension of the Charter Rule providing 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 and the Mayor having declared that such public emergency and imperative necessity exists and having requested that said Charter Rule be suspended and that this ordinance take effect and be in full force and effect from and after its passage, it is accordingly so ordained, PASSED AND APPROVED this the 15th day of June, 1948. or, o oY C rpue�hrist , ATT= Ci y eC of Corpus Christ T s. APPROVED AS TO LEGAL FORMt A 't y ttorne y i A torney 'i II it The foregoing Ordinance has been approved as to form and !! correctness this 15th day of June, 1943.� � aa9 �