HomeMy WebLinkAbout03330 ORD - 10/14/1952AN ORDINANCE
APPROPRIATING FROM NO. 291 IMPROVEMENT BONDS 1952 CONSTRUCTION
FUND PARK MPROVEMENTS AND CONSTRUCTION) THE SUM OF ONE THOUSAND
ONE HUNDRED TWENTY-FIVE DOLLARS, PAYABLE TO F. BERT SMITH AND CO.' FOR
FISCAL AGENT FEES IN CONNECTION WITH THE ISSUANCE OF 0,000 CITY
OF CORPUS CHRISTI, TEXAS PARK BONDS, SERIES 1952, IN ACCORDANCE WITH
ITS CONTRACT WITH F. BERT SMITH AND CO., DATED APRIL 17, 1951; AND
DECLARING AN EMERGENCY.
WHEREAS, BY ITS AGREEMENT WITH r. BERT SMITH AND Cc., DATED APRIL 17,
1951, THE CITY AGREED TO PAY FOR SERVICES RENDERED THEREUNDER THE SUM OF $7.50
FOR EACH $1,000 IN PRINCIPAL AMOUNT OF SECURITIES ISSUED BY THE CITY UNDER THE
TERMS OF SAID AGREEMENT; AND
WHEREAS, THE ISSUANCE OF AND SALE OF $150,000 CITY OF CORPUS CHRISTI,
TEXAS, PARK BONDS, SERIES 1952 HAVE BEEN PERFECTED, AND THE PROCEEDS THERE-
FROM RECEIVED BY THE CITY OF CORPUS CHRISTI, TEXAS; AND
WHEREAS., IT IS NOW PROPER AND NECESSARY TO PROVIDE FOR THE PAYMENT
TO F. BERT SMITH AND CO. FOR PROCEEDING SERVICES, INCLUDING LEGAL SERVICE,
PRINTING, OPINION OF THE ATTORNEY GENERAL AND CANCELLATION CERTIFICATES, IN
ACCORDANCE WITH THE AFORESAID CONTRACT IN CONNECTION WITH-THE ISSUANCE AND
SALE OF SAID BONDS;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
SECTION 1. THAT THERE IS HEREBY APPROPRIATED FROM N0. 291 IMPROVE-
MENT BONDS 1952 CONSTRUCTION FUND (PARK IMPROVEMENTS AND CONSTRUCTION) THE
SUM OF $1,125 TO BE PAID TO F. BERT SMITH AND COMPANY AS FISCAL AGENT FEES
IN CONNECTION WITH THE ISSUANCE OF $150,000 CITY OF CORPUS CHRISTI, TEXAS,
PARK:BONDS, SERIES 1952, IN ACCORDANCE WITH THE CITY'S CONTRACT WITH F. BERT
SMITH AND CO., DATED APRIL 17, 1951.
SECTION 2. THE NECESSITY OF PROVIDING FOR THE COMPLETION OF THE.
PARK PROGRAM TO BENEFIT THE PUBLIC HEALTH, SAFETY, AND GENERAL WELFARE, BY
PROVIDING ADEQUATE PARK FACILITIES, IN THE IMMEDIATE APPROPRIATION FOR THE
AFORESAID PAYMENT IN ACCORDANCE WITH ITS OBLIGATION, CREATES A PUBLIC EMER-
GENCY AND AN IMPERATIVE PUBLIC NECESSITY REQUIRING THE SUSPENSION OF THE
CHARTER RULE THAT NO ORDINANCE OR RESOLUTION SHALL BE PASSED FINALLY ON THE
DATE OF ITS INTRODUCTION AND THAT SUCH ORDINANCE OR RESOLUTION SHALL BE
READ AT THREE SEVERAL MEETINGS OF THE CITY COUNCIL, AND THE MAYOR, HAVING
DECLARED SUCH EMERGENCY AND NECESSITY TO EXIST, REQUESTED THE SUSPENSION
OF SAID CHARTER RULE AND THAT THIS ORDINANCE BE PASSED FINALLY ON THE DATE
OF ITS INTRODUCTION AND TAKE EFFECT AND BE IN FULL FORCE AND EFFECT FROM
AND AFTER ITS PASSAGE, IT IS ACCORDINGLY PASSED AND APPROVED, THIS THE/-Z::-4
DAY OF OCTOBER, 1952•
MAYOR
THE CITY OF CORPUS CHRISTI, TEXAS
'TiTEST:
V
CITY SECRETARY .
APPROVED AS 0 LEGAL FORM:
CIT T RNEY
yaF
Corpus Christi, Texas
• G�C'�G�G -ems. �5� 19�'a..
TO TUE MEMBERS OF THE 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,
YOR
,I Ye City of Corpus Christi, Texas
The Charter rule was suspended by the following vote:
Leslie Wasserman
Jack DeForrest
Sydney E. Herndon?
George L, Lowman
Frank E. Williamson
The above ordinance was passed by the following vote:
Leslie Wasserman
Jack DeForrest
Sydney E. Herndon
George L. Lowman
Frank E. Williamson --
X330
I certify to the City Council that the money required
for the contract, agreement, obligation, or expenditure contemplated
in the above and foregoing Ordinance is in the Treasury of th9 City
of Corpus Christi to the credit of No.
Fund from which it is proposed to be drawn, and such money is not
appropriated for any other purpose.
f Director of Finance `�