HomeMy WebLinkAbout03978 ORD - 12/15/19547Ze A,
— TIE STATE=OF =IEXAS "` .- .. _..,.._...,....w.,w.
,.,:.�.....w.�...... -�w�+ -w�r�.
COUITTY OF ITUECES
-
CITY OF CORFUS CBRISTI
On this the /,r� day of Decemoer,
1954, the City Council
of the City of Corpus Christi, Texas, convened
in /Lr..n -IX-,/ meeting,
with the following members of said Council present,
to -wit: .,
P. C. Callaway,
I;eyor,
- Ellroy King,
S. o. Naisnith,
Commissioners,
Fran!: Peterson,
17. James Brace, _
T. Ray ISring,
City Secretary,
Russell E. 1.cCltxe,
City Kanager,
I. 11. Singer,
City Attorney,
with Lhe following absent: %z e"te—
, constituting
a gLorni], at which titre the following among other business was transacted:
Al V. presented for the consideration o=
the Council a resolution. The resolution was read by the City Secretary. The
I:aycr presented to the Cou_:cil a co— unication
in writing pertaining to said
yroposed resolition, as follows:
Corpus Christi, Te: :as,
Dece¢oer /Jf , 1954.
TO m� I-a- ERS OF 17^ CITY COUNIL
Corpus Christi, Texas.
Gentler.en:
For tae reason set forth in the emergency clause of the
foregoing resolution, a public emergency and im_erative 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 for4e meetings of the City Council.
I therefore hereby request that you suspend said Charter rule or requirerent
and edo_t this ° esolution finally on the date it is introduced, or at tl�e
Present meeting of the City Council.
Respectfully,
/s/ P. C. Callaway, Mayor
City of Corpus Christi, Texas.
Commissioner 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 the hayor and stated Jinihe emergency clause of the resolution. The motion
was seconded by Kr. The motion was carried by unanimous
vote by the City Council, viz:
AYES: Coma?ssioners King, P?aisc,ith, Peterson end Brace.
!LAYS: lone.
Commissioner C1 made a notion that Lte
resolution be adopted _'inally. The amnion was seconded by Co.amissioner
�LaL The motion was carried by the following vote:
AYES: Co.acissioners King, b ?aismith, Peterson and Brace
MYS: Bone.
The I.a;;or requested that the records show chat he vote
"Aye ". This was done.
The !:ayor announced that the resoluzion had been adopted.
•The resolution is as follows:
` '��/p p
RESOLUTION 170. e%Z
AVIARDII•IG TO THE PIPCHASER ey2,100,000.00
GE-I 9L OBiIGATION BC19S, SERIES 1554-A,
AID DECL92IIv'G AIT E! =- ,,GEI7CY.
11IMMU, the City Council of the City o: Corpus OLristi,
Texas, has under cons+_deracion the sale of its General Oblioazion Bo:ds,
Series 1954 -A, more _oarticular y described in the Official Offering of the
City, and aet:ring serially tlzougiout t:,e years 1955 to 197-f, both inclusive,
as shown in such Official Offering; and
SmnE MS, after having received and considered all of the
offers, the City Council considers t'--e offer of
(hereinafter called time "Syndicate"), as the highest and best bid, which
bid is oar and accrued interest to date of delivery, plus a premium of
$ 1,3/ Ar , for the bonds to beer inzeiest at rates as follows:
<p...�.:..,- ,,,,,yam•..; v I
.—a.
Beads maturing in the years 1955 to 19A, both Incl., per annum;
Bonds maturing in the years 19L to 19-7z, " " 3 �8 r per annum.;
and
WMiEAS, it is considered to be to the best interest of
City that said bid be accepted;
BE IT RFSOrTF —) BY THE CITY CO -UT-M OF ZIE CM OF CORPUS
CHRISTI, TE:fAS:
1. That the bid of said Syndicate for said bonds, being
a AAbid of aar and accrued interest to date of delivery, plrs a prem.iuu of
2 FN1 , is hereby accepted.
2. `:yet the I %yon, 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. Ice fact that the contemplated use of the proceeds of
t_ -.e General Obligation Bonds are necessary for the orderly developcent- and
growth of the City of Corpus Christi, Texas, creates a nublc euerge.cy and an
imperative public necessity requiring the suspension of the Charter Rule pro-
viding that no ordinance or resolutioc shall be passed finally on the date it
is introduced, and that such ordinance or resolution Ball be read at three
several neetings of the City Council and the Layer having declared that such
public emergency and imperative necessity exist, and having requested that said
Charter Eule be suspended andthat this resolution ts'.e effect and be in full
force and effect from and after its adoption, it is accordingly so resolved.
ADMxED Abll APP OVER this ss the /S day of Dececfoer, 1954•
Isyor, City of Corpus Christi, TeT s.
ATTEST:
City Secretary, 'ity/ P Cmr .,s Christ', Texas.
AFFF.OV"..D AS TYE GAL FOIE:
City Attorney, C:t„ f Corpus Christi, Te::es.
The foregoing resolution has been approved as to form and
correctness this IS day of December, 1954•
THE STATE OF TEXAS
COMITY OF IIUECES ,
CITY Or CORPUS CMISTI
I, the undersigned, City Secretary of the City of Corers
Ciris'ci, Texas, do hereby certify that the above and foregoing is a true,
full and correct copy of a resolution adopted by the City Council of the City
of Corpus Christi, Texas, (and of the minutes pertaining thereto) on the
/.r day of Deceaoer, 1954, awarding to the zU-- ,c,,aser $2,100,000.00 General
Cbli-,ation Bonds, wtich resolution is duly of record in the minutes of said
City Council.
EXECUTED UNDER ifh RAID and seal of said City, this the
/+r day of December, 1954.
City oC=etary, City of Corpus C1:risti,
T "exas.
(SEAL)