HomeMy WebLinkAbout05019 ORD - 04/23/1958THE STATE OF TEARS
COUNTY OF NUECES
CITY OF CORPUS CHRISTI ,
On thU the day of April, 195 the City Council
of the City of Corpus Christi, Texas, convened in meeting,
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with the following members of said Council present, to it:
Farrell D. Smith, Mayor,
W. J. Roberts,
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B. E. Bigler, j
}
Manuel P. Maldonado,
Commissioners,
Arthur R. James,
Charlie J. Aills,
Odell Ingle,
T. Ray Aring, City Secretary,
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with the following absent: Con-
stituting a quorum, at which time the following among other business was
transacted:
Commissioner introduced a proposed
resolution and made motion t tit be adopted. The motion was seconded
by Commissions The motion carrying with it the
adoption of the resolution prevail" by the following vote:
AYES: Commissioners Roberts, Bigler, Maldonado, James,
Aills and Ingle and Mayor Smith.
HOES: Hone.
The resolution as adopted is as follows:
RESOLUTION
BY THE CITY COUNCIL OF THE CITY OF CORPUS
CHRISTI, TEARS, EAERCISING TER CITY'S OPTION
TO REDZZM CERTAIN OUTSTANDING GENERAL OBLI-
GATION BOSS OF THE CITY, AND PROVID33FG FOR
NOTICE THEREOF.
WHEREAS, the City Council of the City of Corpus Christi,
Texas, has heretofore passed ordinances authorizing the issuance of the follow•
ing described bonds:
5019 � I
$500,000.00 City of Corpus Christi, Texas, Street
Improvement Bonds, Series 1941, dated December 1, 1941, bear-
ing 3%; 2 -3/4% interest, payable semi- an=613,* on June let
and December let of each year, and maturing serially through
December 1, 1966;
$100,000.00 City of Corpus Christi, Texas, Garbage
Disposal Plant Bonds, Series 1941, dated December 1, 1941,
bearing 3%; 2 -3/4% interest, payable semi - annually on June
1st and December let of each year, and maturing serially
through December 1, 1966;
$100,000.00 City of Corpus Christi, Texas, Park
System Improvement Bonds, Series 1941, dated December 1,
1941, bearing.3 %; 2 -3/4% interest, payable semi - annually
on June let and December let of each year, and maturing
serially through December 1, 1966;
$500,000.00 City of Corpus Christi, Texas, Hospital
Bonds, Series 1941, dated December 1, 1941, bearing 3%;
2 -3/4% interest, payable semi-annually on June lot and
December let of each year, and maturing serially through
December 1, 1966;
$150,000.00 City of Corpus Christi, Texas, Fire
Station Bonds, Series 1941, dated December 1, 1941, bearing
3%; 2-3/4$ interest, payable semi - annually on June 1st and
December lot of each year, and maturing serially through
December 1, 1966;
$50,000.00 City of Corpus Christi Airport Im-
provement and Drainage Bonds, Series 1941, dated December
1, 1941, bearing 3%; 2 -3/4% interest, payable semi - annually
on June let and December 1st of each year, and maturing
serially through December 1, 1966;
$325,000.00 City of Corpus Christi, Texas,
Sanitary and Storm Sever Improvement and Extension Bonds,
Series 1941, dated December 1, 1941, bearing 3%; 2 -3/4%
Interest, payable semi - annually on June 1st and December
let of each year, and maturing serially through December
1, 1966;
$200,000.00 City of Corpus Christi, Texas,
Waterworks. Improvement Bonds, Serjss 1941, dated December
1, 1941, bearing 3%; 2-3/4% interest, payable semi - annually
on June 1st and December lot of each year, and maturing
serially through December 1, 1966;
option of prior payment retained in all of said bonds on December 1,
1956, or on any interest payment date thereafter; and
WHERSAS, said bonds were duly approved by the Attorney
General of the State of Texas, were registered by the Comptroller of Public
Accounts of the State of Texas and were sold and delivered in accordance with
law; and
WHM=o the City now has an option, (effective June 1,
1958), to redeem at a price of par and accrued interest certain outstanding
bonds of each of the above described issues; and
WHEREAS, it is considered and adjudged to be to the beat
interest of the City that said bonds be called for redemption;
BE IT RESOLVED BY nX CITr COUNCIL OF THE CITY OF
CORPUS CHRISTI, TE M :
1. That the following described bonds are hereby called
for redemption, the date of redemption being fixed on the let day of June,
1958:
NAME OF ISSUE DATE OF NUIMMS MATURITY AMOUNTS
BONDS
Street Improvement 12/1/41 486 -500 $5,000.00 $15,000.00
12/1/64 -66
Garbage Disposal Plant 12 /1/41 89 -100 $4,000(00 12,000.00
12/1/64 -66
Park System Improvement 12 /1/41 89 -100 $4,000.00 12,000.00
12/1/64 -66
Hospital 12 /1/41 411-500 $30,000.00 90,000.00
12/1/64 -66
Fire Station 12 /1/41 121 -150 $10,000.00 30,000.00
12/1/64 -66
Airport Improvement 12 /1/41 41 -50 $5,000.00 10,000.00
and Drainage 12/1/64466
Sanitary and Storm 12/1/41 226 -325 $33,000.00 100,000.00
Sewer Improvement 12/1/64-65;
$34,000.00 66
Waterworks Improvement 12/041 166-200 $10,000.00 35,000.00
12/1/64;
$15,000.00 65;
$101000.00 66
Total - - - - - - - - - - - - - - V3W,000.00
2. Funds will be available at the Corpus Christi State
National Bank, Corpus Christi, Texas, to pay for said bonds and accrued interes
on the date named. In the event said bonds are not presented for redemption,
they shall thereafter cease to bear interest from and after the date so fixed
for redemption.
! 3. The City Secretary is hereby directed to give notice
of intention to redeem said bonds in the following manner: by publication of
such notice in a daily newspaper of general circulation published in the
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City of Corpus Christi, once a week for four consecutive weeks, the date of
the first publication being not less than Thirty (30) days prior to the date
fixed for redemption.
4. That the WOW and City Secretary are hereby directed
to do any and all things necessary or convenient to carry out the provisions
of this resolution.
ADOPTED AND APPROVED this tie _,U_ day of April, 19
Mayor, City of Corpus Christi, Texas.
ATTEST: )
Z
City Secretary, C y of C
rpus Chri ti,
Texe� .
CORPUS CHRISTI, TEXAS
I , 190f
Y
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 00 REQUIREMENT THAT NO ORDINANCE OR.RESOLU-
TION 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 INTRO-
DUCED, OR AT THE PRESENT MEETING OF THE CITY COUNCIL.
RESPECTFULLY,
MAYOR
THE CITY OF CORPUS CHRISTI, TEXAS
THE CHARTER RULE WAS SUSPENDED BY THE FOLLOWING VOTED:
FARRELL D. SMITH
W. J. ROBERTS
B. E. BIGLER Itlff
MANUEL P. MALDONADO,
CHARLIE J. AILLS
ARTHUR R. JAMES `
ODELL INGLE
THE ABOVE ORDINANCE WAS PASSED BY THE FOLLOWING VOTE:
FARRELL D. SMITH
W. J. ROBERTS�
B. E.
BIGLER
MANUEL
P. MALDONADO
CHARLIE
J. RILLS
r'
c
ARTHUR
R. JAMES
ODELL
INGLE
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