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Home My WebLink About03072 ORD - 06/26/1951-Ito, /.z '/ ,<z6.a) ORDINANCE NO. —70 AN ORDINANCE CANVASSING RETURNS AI4D DECLARING THE RESULTS OF THE SPECIAL BOND ELECTION HELD IN TIE CITY OF CORPUS CHRISTI, TEXAS, ON JUNE 23, 1951; AND DECLARING AN EMERGENCY WHEREAS, there was held in the City of Corpus Christi, Texas, on the 23rd day of June, 1951, an election at which was submitted to the duly qualified resident electors of said City who own taxable property within said City and who had duly rendered the same for to - ation the following; propositions, to -wit: PROPOSITION NO. ONE SHALL THE CITY COUNCIL OF TIE CITY OF CORPUS CHRISTI BE AUTHORIZED TO ISSUE THE BONDS OF SAID CITY IN THE PRINCI- PAL AMOUNT OF THREE HUNDRED THOUSAND ($300,0G0.00) DOLLARS, MATURING SERIALLY WITHIN THIRTY (30) YEARS FROM THEIR DATE OR DATES, AND BEARING INTEREST AT NOT EXCEEDING TIE MAXI- MUM RATE OF FIVE (5i) PER CENT PER ANNUM AS PROVIDED BY THE CITY CHARTER, ALL TO BE DETERMINED BY THE CITY COUNCIL, FOR THE PURPOSE OF ENLARGING, IMPROVING AND EQUIPPING THE MUNICIPAL AIRPORT OF SAID CITY, AND TO LEVY ANNUAL AD VAL- OREM TAXES SUFFICIENT TO PAY THE INTEREST ON SAID BONDS As IT A:CCP.UES AND TO CREATE A SINKING FUND FOR THE REDEMPTION OF SAID BONDS AS THEY MATURE. PROPOSITION NO. TWO SHALL THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI BE AUTHORIZED TO ISSUE THE BONDS OF SAID CITY IN THE PiAINCI- PAL AMOUNT OF ONE HUNDRED FIFTY THOUSAND (150,000.00) DOL- LARS, MATURING SEh - = -=Y WITHIN THIRTY- (30) YEARS FROM THEIR DATE OR DATES, AND BLARING INTEREST AT NOT EXCEEDING THE MAXIMUM PLATE OF FIVE (5,') PER CENT PER ANNUM AS PROVIDED BY TIC CITY CHARTER, ALL TO BE DETERMINED BY THE CITY- COUNCIL, FOR THE PURPOSE OF PURCHASING AND IMPROVING LANDS FOR PARK - PURPOSES FOR SAID CITY, AND TO LEVY ANNUAL AD VALOREM TAXES SUFFICIENT TO PAY THE I11-EREST ON SAID BONDS AS IT ACCEBES AND TO CREATE A SINKING FUND FOR TIC REDEMPTION OF SAID - WNDS AS THEY MATURE. PROPOSITION NO. THREE SHALL THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI BE AUTHORIZED TO ISSUE THE BONDS OF SAID CITY IN THE PRINCI- PAL AMOUNT OF OI•IE HUNDRED THOUSAND ($"100,000.00) DOLLARS, MATURING SERIALLY WITHIN THIRTY (30 ) YEARS FROM THEIR DATE OR DATES, AND BEARING INTEREST AT NOT EXCEEDING THE MhXI- MUM RATE OF FIVE (55) PER CENT 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 BONDSS AS IT ACCRUES AND TO CREATE A SITFKING FUND FOR THE REDEMPTION 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 TWO HUNDRED TWENTY THOUSAND ($220,000.00) DOLLARS, 1ATURING SERIALLY WITHIN THIRTY (30) YEARS FROM THEIR DATE OR DATES, AND BEARING INTEREST AT NOT EXCEED- ING THE MAXIMUM RATE OF FIVE (51,') PER CENT PER ANNUM AS PROVIDED BY THE CITY CHARTER, ALL TO BE DETERMINED BY THE CITY CCUNCIL, FOR THE PURPOSE OF CONSTRUCTING ADDITIONS, EXTENSIONS AND IMPROVEDEIT2S TO THE CITY'S SANITARY SEVER SYSTEM, AND TO LEVY ANNUAL AD VALOREM TAXES SUFFICIENT TO PAY THE 1NT11REST ON SAID BONDS AS IT ACCRir'S AND TO CREATE A SINNING FUND FOR THE REDEMPTION OF SAID BONDS AS THEY MATURE. PROPOSITION NO. FIVE 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 FIVE HUNDRED FIFTY THOUSAND ($550,000.00) DOLLARS, MATURING SERIALLY WITHIN THIRTY (30) YEARS FROM THEIR DATE OR DATES, AND BEARING INTEREST AT NOT EXCEED- ING THE MAXIMUM RATE OF FIVE (5 %) PER CEPT PER ANNUM AS PROVIDED BY 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 THEREFORE, AND TO LEVY ANNUAL AD VALOREM TAXES SUFFICIENT TO PAY THE IN- TEREST ON SAID BONDS AS IT ACCRUES AND TO`CREATE A SINK- ING FUND FOR THE REDEMPTION OF SAID BONDS AS THEY MATURE. PROPOSITION NO. SIX SHALL THE CITY COU14CI -L OF THE CITY OF CORPUS CHRISTI BE AUTHORIZED TO ISSUE THE BONDS OF SAID CITY IN -THE PRINCI- PAL AMOUNT OF TWO HUNDRED EIGHTY THOUSAND ($280,000.00)" DOLLARS, MATURING SERIALLY WITHIN THIRTY (30) YEARS FROM THEIR DATE OR DATES, AND BEARING INTEREST AT NOT EXCEED- ING THE MAXIMUM HATE OF FIVE (5;9) PER CENT PER ANNUM AS PROVIDED BY THE CITY CHARTER, ALL TO BE DETERMINED BY THE CITY COUNCIL, FOR THE PURPOSE OF CONSTRUCTING AND ACQUIR- ING STORM SEWERS AND DRAINAGE FACILITIES FOR SAID CITY AND ACQyUIRING THE NECESSARY RIGHTS OF WAY THEREFOR, AND TO LEVY ANNUAL AD VALOREM TAXES SUFFICIENT TO PAY THE IN- TEREST ON SAID BONDS AS IT ACCRUES AND TO CREATE A SINK- ING FUND FOR THE REDEMPTION OF SAID BONDS AS THEY MATURE; and WHEREAS, there were cast at said election 610 vote of which number there were cast: PROPOSITION NO. ONE FOR THE ISSUANCE OF $300,000 AIRPORT BONDS 434 votes AGAINST THE ISSUANCE OF $300,000 AIRPOR ^I BONDS 230 votes MAJORITY FOR THE ISSUANCE OF $300,000 AIR- PORT BOND 2o4 votes PROPOSITION NO. TWO FOR THE ISSUANCE OF $150,000 PUBLIC PARK BONDS 421 vote: AGAINST THE ISSUANCE OF X150,000 PUBLIC PARK BONDS 227 vote! MAJORITY FOR THE ISSUANCE OF $150,000 PUBLIC PARK BONDS 194 vote! PROPOSITION NO. THREE FOR THE ISSUANCE OF 'y1OO,000 FIRE STA^1ION BOND 505 vote; AGAINST THE ISSUANCE OF $100,000 FIRE STATION BOND 147 vctec MAJORITY FOR THE ISSUANCE OF $100,000 FIRE STATION BOND - 358 vote: PROPOSITION NO. FOUR FOR THE ISSUANCE OF .220,000 SANITARY SEWER SYSTEM BONDS 533 vote¢ AGAINST THE ISSUANCE OF $220,00) SANITARY SEWER SYSTEM BONDS 121 vote; MAJORITY FOR THE ISSUANCE OF $220,000 SANITARY SEWER SYSTEM BONDS 412 vote; PROPOSITION NO. FIVE FOR THE ISSUANCE, OF y550,000 STREET IMPROVEMENT BCNDS 507 vote: AGAINST THE ISSUANCE OF $550,00) STREET IMPROVE- MENT BONDS 148 votee MAJORITY FOR THE ISSUANCE: OF $550,000 STREET IMPROVEMENT BONDS 959 vnt-.c PROPOSITION NO. SIX FOR THE ISSUANCE OF $230,000 STORM SEWER BONDS 515 vote; AGAINST THE ISSUANCE OF :230,000 STORM SEWER BONDS 139 voteE MAJORITY FOR THE ISSUANCE OF $230,000 STORM SEWER BONDS 376 vote: as shown in the official election returns heretofore submitted to this City Council and filed with the City Secretary; Therefore 3E 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 �1 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- ositions and that a majority of the qualified voters voting at said elect'-on 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 creat 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 fact; 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 tai:e effect as an emergency measure, and shall be in full force and effect immediate- ly upon its passage. PASSED and APPROVED this -20 day of June, 1951. (SEAL) APPROVED AS TO form and legality prior to passage City Attor j Corpus Christi, Texas 1950 TO THE MEMBERS OF THE CITY COUNCIL Corpus Christi, Texas Gentlemen: For the reasons set forth in the emergency clause of the fore- going 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 pass this ordinance finally on the date it is introduced, or at the present meeting of the City Council. Respectfully, MAYOR City of Corpus Christi, Texas The Charter rule was suspended by the following vote: Leslie Wasserman P Jack DeForrest Barney Cott Sydney E. Herndon George L. Lawman The above ordinance was passed by the follmwing vote: Leslie Wasserman Jack LeForrest Barney Cott Sydney E. Herndon George L. Lowman 1244 2D 1_-�