HomeMy WebLinkAbout03310 ORD - 08/19/1952:If 4
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ORDINANCE NO. e_;�3,0
AN ORDINANCE AMENDING AN ORDINANCE AUTHORIZING THE
ISSUANCE
LARS PUBLIC- D THOUSAND ( )
PUBLIC-PARK SERIES 1952; DOLLARS
THE TERMS AND CONDITIONS THEREOF, LEVYING TAXES TO
PAY THE PRINCIPAL AND INTEREST THEREON, AND DECLAR-
ING AN EMERGENCY
WHEREAS, on July 15, 1952 the City Council of the City of Corpu
Christi, Texas, adopted Ordinance No. 3291 authorizing the issuance
of One Hundred Fifty Thousand ($150,000.00) Dollars City of Corpus
Christi Public Park Bonds, Series 1952; and
WHEREAS, Section 8 of said ordinance hereinabove mentioned she
be amended; therefore
BE IT ORDAINED by the City Council of the City of Corpus Chris
ITexas:
That Section 8 of Ordinance No. - -3291 adopted on July 15, 1952
by the City Council of the City of Corpus Christi, Texas, authorizi
the issuance of One Hundred Fifty Thousand ($150,000.00) Dollars Ci
of Corpus Christi Public Park Bonds, Series 1952, should be, and it
hereby, amended so that It shall hereafter read and be as follows:
"Section 8: That while said bonds, or any part of the princip
thereof or interest thereon, remain outstanding and unpaid, th
is hereby levied and there shall be annually assessed and col-
lected in due time, form and manner and at the time other City
taxes are assessed, levied and collected in each year, a tax
upon all taxable property in said City.of Corpue Christi, Texas,
sufficient to pay the current interest thereon and to create
a sinking fund to pay the principal as it matures; and to pay
the interest on said bonds and create said sinking fund, there
is hereby levied for the current year 1952, a tax at the rate
of seven - tenths of one ($0.007) cent. on each $100 valuation
of taxable property within said City, and the same shall be.
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assessed and collected and applied to the purpose named; and
for the purpose of providing a fund for the payment of prin-
cipal and interest on said bonds as they respectively become
due and payable, there is hereby levied for each of the years
while said bonds or any part of the principal thereof or any
interest thereon remain outstanding, an annual ad valorem tax
upon all taxable property within said City sufficient therefor
and said taxes, when collected, shall be applied to the pay-
ment of principal and interest on said bonds, and to no other
purpose!' and
That, except as hereinabove amended, said ordinance shall remai
and be in full force and effect; and
That the great public importance and the great pressing need
for the permanent improvementsto be constructed by use of the pro-
ceeds of sale of said bonds hereinabove mentioned create an emergent
and an imperative public necessity requiring the suspension of rules
and Charter provisions requiring same to be considered and voted upo
at three (3) regular meetings, and such facts require that this ord-
inance 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 immediately upon its passage.
PASSED AND APPROVED this � day of August, 1952•
� v
yor City orpus Christi, Texas
A ST:
(SEAL)
APPROVED AS TO form and legality
prior ;o passa7 .
Cit'v At
Corpus Christi, Texas
TO TUE MEMBERS OF TEE CITY COUNCIL
Corpus Christi, Texas
Gentlemen:
For the reasons set forth in the emergency clause of the foregoing
ordinance, a public emergency and imperative necessity exist for the suspen-
sion 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,
9AYOR ��'
City of pus Christi, Texas
The Charter rule was suspended
by the following vote:
Leslie Wasserman
Jack DeForrest
Sydney E. Herndon
E. Herndon
George L. Lowman
George
Frank E. Williamson
The above ordinance was passed by the following vote:
Leslie
Wasserman
I.C.G�GGCC/i�
Jack DeForrest
Sydney
E. Herndon
Q
George
L. Lowman_
Frank
E. Williamson
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