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HomeMy WebLinkAbout030897 ORD - 07/19/2016 Ordinance Authorizing City Manager or designee to appropriate royalties received from oil, gas, and mineral interests bequeathed to the Corpus Christi La Retama Central Library by William T. Neyland into the Library Grants fund No 1068. Whereas, William T. Neyland bequeathed oil, gas, and mineral interests to the La Retama Library; Whereas, the City of Corpus Christi Library will continue to receive royalties from oil, gas, and mineral interests bequeathed by William T. Neyland; Whereas, the City Council desires to streamline the appropriation process for these funds; and Whereas, the purpose of this ordinance is to address the following standard procedures related to appropriation of these cash distribution in the Library: 1) the City Manager or designee has the authority to establish the accounting fund/org number; and, 2) appropriate the cash distribution. NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: Section 1. Each fiscal year royalties received from oil, gas, and mineral interests, bequeathed to the Corpus Christi Library by the Estate of William T. Neyland, shall be deemed appropriated in the No. 1068 Library Grants Fund and said funds may be spent on the La Retama Central Library. Section 2. That the City Manager is authorized to establish necessary fund accounts for the appropriation, segregation, and expenditure of funds received from oil, gas, and mineral interests bequeathed to the Corpus Christi Library by the Estate of William T. Neyland. ► 30897 1 INDEXED That the foregoing or inance was r ad fpr the first time and passed to its second reading on this the I ' `day of t*, , 2016, by the following vote: r Nelda Martinez I . /' Brian Rosas 1. Rudy Garza ' t,to Lucy Rubio ON Michael Hunter a 1! Mark Scott ` t Chad Magill Ire,_ Carolyn Vaughn A 4 Colleen McIntyre 11! ' ie That the foregoing ordinance was read for the second time and passed finally on this the \ cl`h'day of A I __ , 2016,by the following vote: Nelda Martinez Brian Rosas I_.: Rudy Garza / Lucy Rubio lei Michael Hunter I' . • Mark Scott Chad Magill at i Carolyn Vaughn Colleen McIntyre I PASSED AND APPROVED, this the I -1 day of , 2016. • ATTEST: L - C\7"."-& Rebecca Huerta Nelda Martinez City Secretary Mayor 2