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HomeMy WebLinkAbout02663 ORD - 12/20/19491 ORDINANCE NO. � AN ORDINANCE CANVASSING RETURNS AND DECLAR- ING THE RESULTS OF THE SPECIAL BOND ELECTION HELD IN THE CITY OF CORPUS CHRISTI, TEXAS, ON DECEMBER 17, 19497 AND DECLARING AN EMER- GENCY. WHEREAS, there was held in the City of Corpus Christi, Texas, on the 17th day of December, 1949, an election at which was submit ted to the duly qualified resident electors of said city who own taxable property within said city and who had duly rendered the same for taxation the fallowing propositions, to -wits PROPOSITION NO. ONE SHALL THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI HE AUTHORIZED TO ISSUE THE REVENUE BONDS OF SAID CITY IN THE PRINCIPAL AMOUNT OF EIGHT HUNDRED AND SIXTY THOUSAND M60,000.00) DOLLARS, MATURING SERIALLY WITHIN THIRTY ) YEARS FROM THEIR DATE OR DATES, HEARING INTEREST AT HOT EXCEEDING THE MAXIMUM RATE OF FIVE (5%) PERCENT PER ANNUM AS PROVIDED BY THE CITY CHARTER, ALL TO BE DETER - MINED By THE CITY COUNCIL, FOR THE PURPOSE OF IMPROVING, ENLARGING, EXTENDING AND REPAIRING THE SANITARY SEWER SYSTEM OF SAID CITY, SUCH BONDS TO BE SECURED BY A PLEDGE OF THE NET REVENUES OF THE CITY'S MUNICIPAL GAS SYSTEM, IN ACCORDANCE WITH ARTICLES 1111 TO 1118, BOTH INCLUSIVE, REVISED CIVIL STATUTES OF TEXAS, 1925, AS AMENDED, EACH BOND TO BE CONDITIONED THAT THE HOLDER THEREOF SHALL NEVER HAVE THE RIGHT TO DEMAND PAYMENT OF SAID OBLIGATION OUT OF ANY FUNDS RAISED OR TO BE RAISED BY TAXATION. PROPOSITION N0. TWO SHALL THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI BE AUTHORIZED TO ISSUE THE REVENUE BONDS OF SAID CITY IN THE ($1440 000.0 DOLLARS, MATURING SERIALLY WITHIN THIRTY (30) YEARS FROM THEIR DATE OR DATES, BEAHING INTEREST AT NOT EXCEEDING THE MAXIMUM RATE OF FIVE (5%) PERCENT PER ANNUM AS PROVIDED BY THE CITY CHARTER, ALL TO BE DETER- MINED BY THE CITY COUNCIL, FOR THE PURPOSE OF IMPROVING, ENLARGING, EXTENDING AND REPAIRING THE CITY'S MUNICIPAL GAS SYSTEM, SUCH BONDS TO BE SECURED BY A PLEDGE OF THE NET REVENUES OF SAID MUNICIPAL GAS SYSTEM, IN ACCORDANCE WITH ARTICLES 1111 TO -2118, BOTH INCLUSIVE, REVISED CIVIL STATUTES OF TEXAS, 1925, AS AMENDED, EACH BOND TO BE CON- DITIONED THAT THE HOLDER THEREOF SHALL NEVER HAVE THE RIGHT TO DEMAND PAYMENT OF SAID OBLIGATION OUT OF ANY FUNDS RAISED OR TO HE RAISED BY TAXATION. PROPOSITION NO. THREE SHALL THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI HE AUTHORIZED TO ISSUE THE BONDS OF SAID CITY IN THE PRINCIPAL AMOUNT OF ONE MILLION FOUR HUNDRED THOUSAND ($1,400,000.00) DOLLARS, MATURING SERIALLY WITHIN THIRTY (30) YEARS FROM THEIR DATE OR DATES, AND HEARING INTEREST AT NOT EXCEEDING THE MAXIMUM RATE OF FIVE (5%) PERCENT PER ANNUM AS PRO- VIDED BY THE CITY CHARTER, ALL TO HE DETERMINED BY THE CITY COUNCIL, FOR THE PURPOSE OF CONSTRUCTING AND.AC- WIRING STORM SEWERS FOR SAID CITY AND ACQUIRING THE NECESSARY RIGHTS OF WAY THEREFOR, AND TO LEVY ANNUAL AD VALOREM TAXES SUFFICIENT TO PAY THE TEST ON SAID BONDS AS IT ACCRUES AND TO CREATE A SINKING FUND FOR THE REDEMP- TION OF SAID BONDS AS THEY MATURE. PROPOSITION NO. FOUR SHALL THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI HE AUTHORIZED TO ISSUE THE BONDS OF SAID CITY IN THE PRINCI- PAL AMOUNT OF SIX HUNDRED THOUSAND $600,000.00) DOLLARS, MATURING SERIALLY WITHIN THIRTY (30 YEARS FROM THEIR DATE OR DATES, AND HEARING INTEREST AT NOT EXCEEDING THE MAXIMUM RATE OF FIVE (5%) PERCENT PER ANNUM AS PROVIDED HY THE CITY CHARTER, ALL TO BE DETERMINED BY THE CITY COUNCIL, FOR THE PURPOSE OF CONSTRUCTING, IMPROVING AND REPAIRING THE ROADS, BRIDGES AND STREETS OF SAID CITY AND ACQUIRING THE NECESSARY RIGHTS OF WAY THEREFOR, AND TO LEVY ANNUAL AD VALOREM TAKES SUFFICIENT TO PAY THE INTEREST ON SAID BONDS AS IT ACCRUES AND TO CREATE A SINKING FUND FOR THE REDEMPTION OF SAID BONDS AS THEY MATURE. PROPOSITION NO. FIVE SHALL THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI EE AUTHORIZED TO ISSUE THE BONDS OF SAID CITY IN THE PRINCI- PAL AMOUNT OF TWO HUNDRED AND F37TY THOUSAND ($250,000.00) DOLLARS, MATURING SERIALLY WITHIN THIRTY (30) YEARS FROM THEIR DATE OR DATES, AND REARING INTEREST AT NOT EXCEEDING THE MAXIMUM RATE OF FIVE (5%) PERCENT PER AM ON AS PROVIDED BY THE CITY CHARTER, ALL TO BE DETERMINED BY THE CITY COUNCIL, FOR THE PURPOSE OF CONSTRUCTING AND EQUIPPING A POLICE BUILDING FOR SAID CITY, AND TO LEVY ANNUAL AD VALOREM TAXES SUFFICIENT TO PAY THE INTEREST ON SAID BONDS AS IT ACCRUES AND TO CREATE A SINKING FUND FOR THE REDEMPTION OF SAID BONDS AS THEY MATURE. PROPOSITION NO. SIX SHALL THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI BE AUTHORIZED TO ISSUE THE BONDS OF SAID CITY IN THE PRINCIPAL AMOUNT OF FIVE HUNDRED THOUSAND $500,000.00) DOLLARS, MATURING SERIALLY WITHIN THIRTY 30) YEARS FROM THEIR DATE OR DATES, AND TWARING INTEREST AT NOT EXCEED ING THE MAXC- NUM RATE OF FIVE (5%) PERCENT PER ANNUM AS PROVIDES BY THE CITY CHARTER, ALL TO H5 DETERMINED BY THE CITY COUNCIL, FOR THE PURPOSE OF CONSTRUCTING AHD EQUIPPING A CITY HALL FOR SAID CITY, AND TO LEVY ANNUAL AD VALOREM TAXES SUFFI- CIENT TO PAY THE INTIINffiT ON SAID BONDS AS IT ACCRUES AND TO CREATE A SINKING FUND FOR THE REDEMPTION OF SAID BONDS AS THEY MATURE. PROPOSITION NO. SEVEN SHALL THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI BE AUTHORIZED TO ISSUE THE BONDS OF SAID CITY IN THE PRINCI- PAL AMOUNT OF ONE MILLION FOUR HUNDRED THOUSAND ($1,400,000.00) DOLLARS, MATURING SERIALLY WITHIN THIRTY (30) YEARS FROM THEIR DATE OR DATES, AMID SEARING INTEREST AT NOT EXCEEDING THE MAXIMUM RATE OF FIVE (5¢) PERCENT PER ANNUM AS PROVIDED BY THE CITY CHARTER, ALL TO BE DETER- MINED BY THE CITY COUNCIL, FOR THE PURPOSE OF CONSTRUCTING AND EQUIPPING A MUNICIPAL AUDITORIUM AND ASSEMBLY HALL FOR SAID CITY, AND TO LEVY ANNUAL AD VALOREM TAXES SUFFICIENT TO PAY THE INTEREST ON SAID BONDS AS IT ACCRUES AND TO CREATE A SINKING FUND FOR THE REDEMPTION OF SAID BONDS AS THEY MATURE. PROPOSITION NO. EIGHT SHALL THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI BE AUTHORIZED TO ISSUE THE BONDS OF SAID CITY IN THE PRIN- CIPAL AMOUNT OF THREE HUNDRED AND FIFTY THOUSAND ($350,000.00) DOLLARS, MATURING SERIALLY WITHIN THIRTY 30) YEARS FROM THEIR DATE OR DATES, AND BEARING INTEREST AT NOT EXCEEDING THE MAXIMUM RATE OF FIVE (5%) PERCENT PER ANNUM AS PROVIDED BY THE CITY CHARTER, ALL TO FAT DE- TERMINED BY THE CITY COUNCIL, FOR THE PURPOSE OF ACQUIRING, IMPROVING, ENLARGING AND EQUIPPING A PUBLIC LIBRARY FOR SAID CITY, AND TO LEVY ANNUAL AD VALOREM TAXES SUFFICIENT TO PAY THE INTEREST ON SAID BONDS AS IT ACCRUES AND TO CREATE A SINKING FUND FOR THE REDEMPTION OF SAID BONDS AS THEY MATURE. PROPOSITION NO. NINE SHALL THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI BE AUTHORIZED TO ISSUE THE BONDS OF SAID CITY IN THE PRINCI- PAL AMOUNT OF ONE HUNDRED THOUSAND ($100,000.00) DOLLARS, MATURING SERIALLY WITHIN THIRTY (30) YEARS FROM THEIR DATE OR DATES, AND BEARING INTEREST AT NOT EXCEEDING THE MAXIMUM RATE OF FIVE (5%) PERCENT PER ANNUM AS PROVIDED BY THE CITY CHARTER, ALL TO BE DETERMINED BY THE CITY COUNCIL, FOR THE PURPOSE OF CONSTRUCTING AND EQUIPPING FIRE STATIONS FOR SAID CITY, AND TO LEVY ANNUAL AD VALOREM TAXES SUFFICIENT TO PAY THE INTEREST ON SAID BONDS AS IT ACCRUES AND TO CREATE A SINKING FUND FOR THE REDEMPTION OF SAID BONDS AS THEY MATURE. PROPOSITION NO. TEN SHALL THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI BE AUTHORIZED TO ISSUE THE BONDS OF SAID CITY IN THE PRINCI- PAL AMOUNT OF ONE HUNDRED AND FIFTY THOUSAND ($150,000.00) DOLLARS, MATURING SERIALLY WITHIN THIRTY (30) YEARS FROM THEIR DATE OR DATES, AND BEARING INTEREST AT NOT EXCEEDING THE MAXIMUM RATE OF FIVE (5%) PERCENT PER ANNUM AS PROVIDED BY THE CITY CHARTER, ALL TO BE DETERMINED BY THE CITY COUN- CIL, FOR THE PURPOSE OF PURCHASING AND IMPROVING LANDS FOR PARK PURPOSES FOR SAID CITY, AND TO LEVY ANNUAL AD VALOREM TAXES SUFFICIENT TO PAY THE INTEREST ON SAID BONDS AS IT ACCRUES AND TO CREATE A SINKING FUND FOR THE REDEMPTION OF SAID BONDS AS THEY MATURE. PROPOSITION NO. ELEVEN SHALL THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI BE AUTHORIZED TO ISSUE THE BONDS OF SAID CITY IN THE PRINCIPAL AMOUNT OF ONE HUNDRED THOUSAND ($100,000.00) DOLLARS, MA- TURING SERIALLY WITHIN THIRTY (30) YEARS FROM THEIR DATE OR DATES, AHD BEARING INTEREST AT NOT EXCEEDING THE MAXI- MUM RATE OF FIVE (5%) PERCENT PER ANNUM AS PROVIDED BY THE CITY CHARTER, ALL TO BE DETERMINED BY THE CITY COUNCIL, FOR THE PURPOSE OF PURCHASING AND INSTALLING A STREET TRAFFIC CONTROL SYSTEM Pon SAID CITY, AND -TO LEVY ANNUAL AD VALOREM TAXES SUFFICIENT TO PAY THE INTEREST ON SAID BONDS AS IT ACCRUES AND TO CREATE A SINKING FUND FOR THE REDEMPTION OF SAID BONDS AS THEY MATURE: and WHEREAS, there were cast at said election 25,128 votes, of which number there were cast: PROPOSITION NO. ONE FOR THE ISSUANCE OF $860,000 SANITARY SEWER SYSTEM REVENUE BONDS 2009 votes AGAINST THE ISSUANCE OF $860,000 SANITARY SEWER SYSTEM REVENUE BONDS 266 votes MAJORITY FOR THE ISSUANCE OF $860,000 -sDffT-A-Ry--gMM SYSTEM REVENUE BONDS 1743 votes PROPOSITION NO. TWO FOR THE ONCE OF $140,000 GAS SYSTEM REVENUE 1942 votes AGAINST THE ISSUANCE OF $140,000 GAS SYS- TEM REVENUE BONDS 330 votes MAJORITY FOR - THE ISSUANCE OF $140,000 GAS T REVENUE BONDS 1612 votes PROPOSITION NO. THREE FOR THE ISSUANCE OF $1,400,000 STORM SEWER 1950 votes AGAINST ISSUANCE OF $1,400,000 STORM SEWER TY 325 votes MAJORITY FOR . THE ISSUANCE OF $1,400,OOS-sT(5RM gEW ER Bons 1625 votes PROPOSITION NO. FOUR FOR THE ISSUANCE OF $600,00o STREET IMPRovE- KENT BONDS 2001 votes AGAINST THE ISSUANCE OF $600,000 STREET IMPROVEMENT BONDS 281 votes MAJORITY FOR THE ISSIIANCE OF $600,000 F,T oVFMENT BONDS 1720 votes PROPOSITION NO. FIVE FOR THE ISSUANCE OF $250,000 POLICE BUILD- ING BONDS 1670 votes AGAINST THE ISSUANCE OF $250,000 POLICE BUILDING BONDS 617 votes MAJORITY FOR THE ISSUANCE OF $250,000 0 Cg U LDING BONDS 1053 votes PROPOSITION NO. SIX FOR THE ISSUANCE OF $500,000 CITY HALL BONDS 1522 votes AGAINST THE ISSUANCE OF $500,000 CITY HALL BONDS 772 votes MAJORITY FOR THE ISSUANCE OF $500,000 C T�BONDS 750 votes PROPOSITION N0. SEVEN FOR THE ISSUANCE OF $1,400,000 AUDITORIUM AND ASSEMBLY HALL BONDS 1545 votes AGAINST THE ISSUANCE OF $1,400,000 AUDI - TORIUM AND ASSEMBLY HALL BONDS 752 votes MAJORITY FOR THE ISSUANCE OF $1,400,000 AUD OR AND ASSEMBLY HALL BONDS 793 votes PROPOSITION NO. EIGHT FOR THE ISSUANCE OF $350,000 PUBLIC LISARY BONDS 1484 votes AGAIN THE ISSUANCE OF $350,000 PUBLIC LIBRARY BONDS 809 votes MAJORITY FOR THE ISSUANCE OF $350,000 PUBLIC LIERARY BONDS 675 votes PROPOSITION NO. NINE FOR THE ISSUANCE OF $100,000 FIRE STATION BONDS 1846 votes AGAINST THE ISSUANCE OF $100,000 FIRE STATION BONDS 434 votes MAJORITY FOR THE ISSUANCE OF $100,000 ESP T ON"BONDS 1412. votes PROPOSITION NO. TEN FOR THE ISSUANCE OF $150,000 PUBLIC PARKS BONDS 1650 votes AGAINST TBE ISSUANCE OF $150,000 PUBLIC PARKS BONDS 632 votes MAJORITY FOR THE ISSUANCE OF $150,000 Wa-frS BONDS 1018 votes PROPOSITION NO. ELEVEN FOR THE ISSUANCE OF $100,000 STREET TRAFFIC CONTROL SYSTEM BONDS 1826 votes AGAINST THE .ISSUANCE OF $100,000 STREET TRAFFIC CONTROL SYSTEM BONDS 465 voted MAJORITY FOR THE ISSUANCE OF $100,000 STREET TRAFFIC CONTROL SYSTEM BONDS 1361 votes as shown in the official election returns heretofore submitted to this City Council and filed with the City Secretary; Therefore BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRIST--, TEXAS: Section 1: That said election was duly called and notice thereof given in accordance with law; that said election was held in the manner required by law; that due returns of said election have been made by the proper officers; that said election has resulted favor- ably to the issuance of the bonds described in each of said prop - ositiona and that a majority of the qualified voters voting at said election have voted in favor of the issuance of the bonds described in each of said propositions. Section 2: That the City Council is now authorized to issue all of said bonds and to do any and all things necessary and convenient in connection therewith. (Section 3: That the great pressing needs for the improvements to be (constructed by use of the proceeds of said issues of bonds create an emergency and an imperative public necessity requiring the sus- pension of rules and charter provisions requiring same to be con- sidered and voted upon at three (3) regular meetings, and such fac require that this ordinance be passed and take effect immediately as an emergency measure, and such rules and provisions are hereby suspended and this ordinance is passed and shall take effect as an emergency measure, and shall be in full force and effect immediate ly upon its passage. PASSED and APPROVED this the Ad - day of December, 1949. Mayor, C Ity of orpus CRrIsff, Texas ATTEST: APPROVED AS TO form and legality prior to passage C y Ornet e9, Corpus Christi, Texas " ,1949 TO THE MENEBERS OF THE CITY COUNCIL Corpus Christi, Texas _ Gentlemen.- For the reason set forth in the emergency clause, Section 2 of the ordinance entitled 'Ordinance canvassing returns and declaring the re- sults of an election held on the 17th day of Decem:er, 1949, and declaring an emergencyt, the proposed ordinance meets a public emergency and I request that it be passed finally on the date introduced. - RReespeect y� , N MAYO City of Corpus Christi, Texas, The Charter rule was suspended by the following vote: Leslie Wasserman Jack DgForrestn Barney Cott Sydney E. Herndon George L. Lowman V (1yt_J The above ordinance was passed by the following vote; Leslie Wasserman Jack DeForreat Barney Cott Sydney E. Herndon n` George L. ➢owman Qup ,