HomeMy WebLinkAbout03670 RES - 02/24/1954THE STATE OF TEXAS
COUNTY OF NUECES
CITY OF CORPUS CHRISTI
On this the 24th day of February, 1954, the City Council
of the City of Corpus Christi, Texas, convened in RPQnlar meeting, wit
the following members of said Council present, to -wit:
A. A. Lichtenstein, Mayor,
J. S. Neismith,
Ellroy King,
Commissioners,
P. C. Callaway,
W. James Brace,
T. Ray Kring, City Secretary,
with the following absent: Nnnp , constituting
a quorum, at which time the following among other business was transacted:
Mr Russell E. McClure presented for the consideration of
the Council a resolution. The resolution was read by the City Secretary. The
Mayor presented to the Council a communication in writing pertaining to said
proposed resolution, as follows:
Corpus Christi, Texas,
February 24, 1954•
TO THE IMMERS OF ThT CITY COUNCIL
Corpus Christi, Texas.
Gentlemen:
For the reasons set forth in the emergency clause of the
foregoing resolution, 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 there-
fore hereby request that you suspend said Charter rule or requirement and
adopt this resolution finally on the date it is introduced, or at the present
meeting of the City Council.
Respectfully,
/s/ A. A. Lichtenstein, Mayor
City of Corpus Christi, Texas.
Commissioner Brace made a motion that the
Charter provisions prohibiting resolutions from being passed finally on the
date introduced be suspended for the reasons stated in the written request of
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the Mayor and stated in the emergency clause of the resolution. The motion
was seconded by Mr. Callaway The motion was carried by unanimous vote
by the City Council, viz:
AYES: Commissioners Naismith, King, Callaway and Brace.
NAYES: None.
Commissioner King made a motion that the
resolution be adopted finally. The motion was seconded by Commissioner
Naismith The motion was carried by the following vote:
AYES: Commissioners Naismith, Itng, Callaway and Brace.
NAPES: None.
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The Mayor requested that the records show that he vote t
Aye. This was done.
The Mayor announced that the resolution had been adopted.
The resolution is as follows:
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RESOLUTION NO. 3670
S
AWARDING TO THE PURCHASER $400,000.00
GAS SYSTEM REVENUE BONDS, SERIES 1954,
AND DECLARING AN EMERGENCY.
WHEREAS, the City Council of the City of Corpus Christi,
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Texas, has under consideration the sale of its Gas System Revenue Bonds, Series i
+' 1954, more particularly described in the Official Offering of the City, and
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maturing serially throughout the years 1955 to 1974, both inclusive, as shown
in such Official Offering; and
WHEREAS, after having received and considered all of the
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j offers, the City Council considers the offer of
kLentz, Newton and Co.
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(hereinafter called the "Syndicate "), as the highest and best bid, which
'bid is par and accrued interest to date of delivery, plus a premium of
$ 24.00 , for the bonds to bear interest at rates as follows:
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Bonds maturing in the years 1955 to 1%4, both incl., per annum;
Bonds maturing in the years 1%5 to ISf8, " 1.,90 per annum;
Bonds maturing in the years 1%9 to 1971, " i10 per annum;
Bonds maturing in the years 1972 to 19742 2,20 % per annum;
Bonds maturing in the years 19, to 19 per annum;
and
WHEREAS, it is considered to be to the best interest of
the City that said bid be accepted;
CHRISTI, TEXAS:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS
1. That the bid of said Syndicate for said bonds, being
a bid of par and accrued interest to date of delivery, plus a premium of
$ 24,00 be and the same is hereby accepted.
2. That the Mayor, City Secretary and City Treasurer be
and they are hereby ordered and directed to do any and all things necessary
to complete the delivery of said bonds to the said Syndicate in accordance
with the bid and the receiving of the money for the benefit of the City.
3. The fact that the contemplated use of the proceeds of
the Gas System Revenue Bonds are necessary for the orderly development and
growth of the City of Corpus Christi, Texas, creates a public emergency and an
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imperative public necessity requiring the suspension of the Charter Rule pro-
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viding 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
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several meetings of the City Council and the Mayor having declared that such
public emergency and imperative necessity exist, and having requested that said
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;Charter Rule be suspended and that this resolution take effect and be in full
;force and effect from and after its adoption, it is accordingly so resolved.
ADOPTED AND APPROVED this 2�th day of February, 1954.
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Mayor, C1tZ�of Corpus Christi, Texas.
ATTEST: /, 7
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,City Secretary, City/of Co pus Chri i, Texas.
�1APPROVED AS TO LEGAL FORM:
,,City Attorney, City of Corpus Chris , Texas.
The foregoing resolution has been approved as to form and
correctness this 24th day of February, 1954.
`City Attor y.
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