HomeMy WebLinkAbout05048 ORD - 06/04/1958INS:EB :6/4/58
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AN ORDINANCE
APPROPRIATING FROM UNAPPROPRIATED SUNS NOW IN CURRENT
FUND NCO. 0�2 -THE SUM OF 325.00 FOR EXPENSES IN CON-
NECTION WITH THE SALE AND ISSUANCE OF ,2 ,000.
GENERAL OBLIGATION BONDS AT SALE TO BE HELD ON JUNE 25,
195d; AND DECLARING AN EMERGENCY.
WHEREAS, IT IS NECESSARY TO MAKE CERTAIN EXPENDITURES FOR THE SALE OF
BONDS HERETOFORE VOTED AND AUTHORIZED FOR SALE BY THE CITY, INCLUDING $750,000.00
IN BONDS FOR AIRPORT IMPROVEMENTS AND $525,000.00 IN BONDS FOR STORM SEWER
IMPROVEMENTS; AND
WHEREAS, THERE ARE SUFFICIENT FUNDS AVAILABLE IN UNAPPROPRIATED BALANCE
OF CURRENT FUND N0. 102 OF THE GENERAL FUNDS OF THE CITY NOW ON HAND IN THE CITY
TREASURY:
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
SECTION 1. THAT THERE IS HEREBY APPROPRIATED FROM UNAPPROPRIATED SUMS
NOW IN CURRENT FUND N0. 102 THE SUM OF $3,325.00 TO BE USED IN CONNECTION WITH
EXPENSES WITH THE SALE AND ISSUANCE OF $1,275,000.00 IN GENERAL OBLIGATION BONDS
AT A SALE TO BE HELD ON JUNE 25, 1958, SAID EXPENSES BEING ESTIMATED TO BE AS
FOLLOWS:
DESCRIPTION
AMOUNT
ATTORNEYS FEES AND
EXPENSES
$2,000.00
PRINTING OF THE BONDS
5755.00
- INFORMATION FOR SALE
INCLUDING ENVELOPES
450.00
AND POSTAGE
ADVERTISING, LEGAL
FEES, ETC.
300.00
TOTAL $3,325.00
SECTION 2. THAT IT IS CONTEMPLATED THAT SAID EXPENSES HEREBY AUTHORIZED
FOR PAYMENT OUT OF SAID CURRENT FUND N0. 102 BE REIMBURSED TO SAID FUND BY USE OF
PROCEEDS FROM THE SALE OF BONDS AS FOLLOWS:
FROM AIRPORT IMPROVEMENT BONDS $1,955.88
FROM STORM SEWER IMPROVEMENT BONDS 1,369.12
TOTAL $3,325.00
5 648 -.
SECTION 3. THE NECESSITY FOR APPROPRIATING MONEY FOR EXPENSES IN
CONNECTION WITH THE SALE OF THE BONDS DESCRIBED IN SECTION 1 HEREOF CREATES A
PUBLIC EMERGENCY 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 COUNCILS AND THE MAYOR, HAVING
DECLARED THAT SUCH EMERGENCY AND NECESSITY EXISTS REQUESTING THAT SUCH CHARTER
RULE BE SUSPENDED AND THAT THIS ORDINANCE BE PASSED FINALLY ON THE DATE IT IS
INTRODUCED AND TAKE EFFECT AND BE IN FULL FORCE AND EFFECT FROM AND AFTER ITS
PASSAGE, IT IS ACCORDINGLY SO ORDAINED.
PASSED AND APPROVED, THIS THE 4 DAY OF JUNE, 1955.
ATTEST:
APPROVED TO LEGAL FORM
THIS THE DAY OF JUNE, 1955:
Y
THE CITY OF CORPUS CHRISTI, TEXAS
aurae 4+„ 195a
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 the City of Corpus Christi
to the credit of No. 102 Current
Fund frog which it is proposed to be drawn, and such money is not
$ppropriated for any other purpose.
DUector of Finance -7
C US CHRISTI TEXAS
1958
TO THE MEMBERS'OF THE CITY COUNCIL
CORPUS CHRISTIs TEXAS
GENTLEMENt
FOR THE REASONS SET FORTH IN THE EMERGENCY CLAUSE OF THE FORE-
GOING. ORDINANCES A PUBLIC EMERGENCY ANO IMPERATIVE NECESSITY EXIST FOR'THE
SUSPENSION OF THE CHARTER RULE OR REQUIREMENT THAT NO ORDINANCE OR RESOLU-
ORDINANCE OR ORE RESOLUTION SHALL BE READ AT -THREE MEETINGS OF THE 'CiT SUCH
FINALLY ON THE DATE IT 13 INTRODUCED AND THAT
-- y
COUNCIL; I, THEREFORE HEREBY REQUEST THAT YOU SUSPEND SAID CHARTER RULE
OR REQUIREMENT ANO 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 CHRIST -I, TEXAS
THE CHARTER RULE WAS SUSPENDED BY THE FOLLOWING VOTES
FARRELL D. SMITH
W. J. ROBERTS
B. E. BIGLER
MANUEL P: MALDONADO
CHARLIE J. AILLS
ARTHUR R. JAMES
ODELL INGLE
THE ABOVE ORDINANCE WAS PASSED BY THE FOLL WING VOTE:
FARRELL D. SMITH
W. J. ROBERTS
B. E. BIGLER
MANUEL P. MALDONADO
CHARLIE J. AILLS
ARTHUR R. JAMES
ODELL INGLE
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