HomeMy WebLinkAbout02336 RES - 07/29/1948A RESOLUTION 2.73 &
AUTHORIZING TEE PURCHASS OF SIX OUTSTANDING
CIPILIAN DEFENSE MMMOY BONDS, SERIES
1942, AM RMrt+ao-M AND CANCELLATION OF
SAID BONDS, SAW TO BE PURCHASED FROM FUNDS
NOW AVAILABLE IN FUND NO. 275, OiVILIAN DE-
FENSE EMMMOY CONSTRUCTION FUND. AND AUTHM-
IZING THANSFER OF THE M1AINIHG FUNDS LEFT IN
FOND N0. 275, AFTER PURCHASE OF SAID BONDS, TO
SINKING FUND FOR CIVILIAN DEFENSE EMERGENCY
BONDS N0. 375, AND DECLARING AN EMERGENCY.
WHEREAS, there is in Civilian Defense Emergency Construction
Fund No. 275, the sum of 06,62D.5% and.
WHEREAS, said Fund can no longer be used for the purpose it
was created for; and,
WHEREAS, all of the Civilian Defense Hmergenoy Bonds for
191x2 issue are now coned by Seawall and Breakwater Bonds Sinld.ng Fund
No, 318; and,
WHEREAS, it is desirable that as many as aforesaid bonds aq
possible be retired in order to reduce the indebtedness of the City;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF CORPUS CHRISTI, TEW:
SECTION 1. That Civilian Defense F.msrgenoy Bonds, Series 19112,
Noe. 96 -100, both inclusive, maturing May 1. 1956, and No. 95, maturing
April 1, 1955, said Bonds being now owned by Seamen and Breakwater
Bonds Sinking Fund No, 318, be purchased by funds In Civilian Defense
Emergency Construction Fond No. 275, and that aforesaid bonds be re-
tired and cancelled.
SECTION 2. That all remaining sums in Civilian Defense
Emergency Construotion Fund No. 275, after the purchase of aforesaid
bonds, be and is hereby transferred to find No. 375 -- Sinking Fund for
Civilian Defense Emergency Bonds of 19112.
SECTION 3• The fact that the monies in Civilian Defense
Emergency Construction pond cannot be further used for the purpose
which they were set up, and the fact that it is beneficial to the City
to retire outstanding bonds as soon as possible creates a public emer-
gency and public imperative necessity requiring the suspension of the
Charter rule that no Ordinanoe or Resolution shall be passed finally on
the date it is introduced, and that such Ordinance or Resolution shall
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be read at three several meetings of the City Cotmoil, and the Mayor
having deolared that such publio emergenoy and i-Perative necessity
Wdst, and having requested that suoh Charter rule be suspended, and
that this Resolution be passed finally on the date of its introduetion,
end take effect immediately and be in fall force end effect from and
after its passage. IT IS ACCORDINGLY RESOLVED.
PASSED AND APPROVED this_Xday of July, A. D. 1918.
MAYOR
ATTEST. City of Corpus Christi, Tema
sea
APPROVED AS TO LEGAL FORM,
r_
To THE MSERS OF THE CITY CODHCTL
Corpus Christi, Texas
Gentlemen:
For the reasons set forth in the emorgonoy olause of the fore-
going Resolution, a public emergeaoy and sa imperative necessity exist
for the suspension of the Charter rule or requirement that no Ordin=noe
or Resolution shall be passed finally on the date it is introduced, and
that suoh Ordinanoe 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 Resolution finally on the date
it is introduoed, or at the present meeting of the City Council.
Respeotfully,
MAYOR z
City of Corpus Christi, Teas
The Charter rule }vas suspended by the following vote:
Wesley E. Seale
George R. Clark, Jr.�/
John A. Ferris
R. R. Henry
Joe T. Dawson
The above resolution was passed by the following votes
Wesley R. Seale
George R. Clark, Jr.
John A. Ferris
R. R. Henry .
Joe T. Dawson
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