The URL can be used to link to this page

Home My WebLink AboutMinutes City Council - 07/18/1961 - SpecialPRESENT: Mayor Ben Y. McDonald Mayor Pro Im Tom R. St/antler Commies mere: Dr. James L. Barnard J. R. de Leon W. J. Roberts Jim /bung SPECIAL COUNCIL MEETING Juty 18, 1961 10:00 A.M. City Manager Herbert W. Whitney City Attorney 1, M. Sizcz City Secretary T. Ray &.'ing Mayor Pro Tem Swot:3er called the meeting to order, and announced the pur- pose of the special meeting vas for the sale of $2,400,000 Cameral Obligation Bonds of the City of Corpus Christi, Temas, and such other business as may properly come before the COuncil. The Invocation vas given by Commissioner Barnari. City Secretary Ering called the roll of those in attendance. Motion by Roberts, seconded by Young and passed trat the absence of Mayor McDonald and Commissioner Maldonado be excused. Mayor Pro Tem Sventner announced the opening of bide on the sale of $2,400,000 General Obligation Bonds of the City of Corpus Cbristi, Texas, and bidg were opened and read from the following: Continental Oil & Ratio,.3 Rank of Dallas & Associates; John Nuveen & Co. & Associates; First National City Dank of New York & Associates; Harris Trust & Savings Bank & Aseociates; Drexel & Cc. & Associates; Rovles Winston & Associates; Mercantile Trust Co. & Associates; Merrill, Lynch, Pierce, Fenner & Smith, inc. & Aseociates; Mercantile National Bank or De -111w Associates; and Phelps Fenn & Co. & Associates. , Mayor McDonald arrived at the meeting before the reading of the first bid, and took over the Chair. The foregoing bids were tabled for a brief period to give the Fiscal Agent, M. E. Allison, and Director of Finance Harold Zick an opportunity to tabulate the bids. Mayor McDonald introduced a Resolution concerning the establishment of a 12th Supreme JUdicial District of the State of Texa4 and the resulting Court of Civil Appeals in the City of Corpus Christi, and requested the City Secretary to read the caption. RESOLUTION I. 6207 EXPRESSING THE POSITION OF THE CITY OF CORPUS CHRISTI AS BEING IN FAVOR OF TRE CREA- TION OF A TWELFTH SUPREME .JUDICIAL DISTRICT OF THE STATE OF TEXAS AND OF LOCAT1RG THE RESULTING COURT OF CIVTIL APPEALS IN THE CITY OF CORPUS CHRISTI, NIMES COUNTY, WAS; AND DECLARING AN EMERGENCY. • Special Council Meeting July 18, 1961 Page 2 The Charter rule vas suspended by the following vote: Mayor McDonald, Commissioners Swantner, Barnard, de Leon, Roberts and Young all voting "Aye", and Commissioner Maldonado, absent. The foregoing resolution Was passed by the following vote: Mayor McDonald, Commissioners Swantner, Barnard, de Leon, Roberts and Young all voting ".4e", and Commissioner Maldonado, absent. 5 Mayor McDonald requested that copies of the foregoing Resolution be for - Warded to Mr. Dudley B. Foy, Jr., President of the Nueces County Bar Association, to each of our legislators, to Senator Bruce Reagan, and to Governor Price Daniel, and that Mr. Foy be immediately contacted personally. After a b_ief recess, Mayor McDonald called the meeting to order, and Mr. Allison and Mr. Zick reported that the bids had been tabulated, and that they recom- mended the award be made to First National City Bank of New York & Associates, the lowest and best bid received, at en effective rate of 3.6531%. (See Bid Tabulation 09 in File.) Motion by Swantner, seconded by de Leon and passed that the award of bid on the sale of $2,400,000 General Obligation Bonds be made to First National City Bank of New York & Associates at an effective rate of 3.6531%, as recommended. The good faith checks were returned to the unsuccessful bidders who were all present in the audience. THS STATE OF TEXAS COUNTY OF NUECF9 CITY OP CORPUS CHRISTI . On this the 18th day of July, 1961, the City Council of the City of Corpus Christi, Texas, convened in Special meeting, with the following members of said Council present, to -wit: Ben F. McDonald, Mayor, Tam R. Swantner, Dr. James L. Barnard, J. R. de Leon, Commissioners, W. J. Roberts, Jim Young, T. Ray Kring, City Secretary, vith the following absent: Maldonado, constituting a quorum, at which time the fol - loving among other business was transacted: Special Couuell Meeting July 18, 3961 Page 3 Mr. Svantner presented for tee consiAeration of the OeunceL an ordinance. The ordinance vas read by the City Secretary. The MA/or presented to the Council a communication in writing pertaining to sail proposed ordirsnoe, as follow "Corpas Christi, Texas, July 16th, 19El. TO THE CIT COUMIL CORPUS CHRISTI, TEXAS Gentlemen: The public Importance and preesing need for the permanent improvements to be constructed by use of the proceeds of the bonds voted at elections held on Novem- ber 24, 1953, September 25, 1951, October 6, 1956, August 29, 1959 and January 28, 1961, ereate an emergency and an Ipmeretivublie necessity requiring thnepension of rules and Charter provisions requiring ordinances: to be conellered and voted upon at three regular meetings. 1, therefore request that tte City Coancel pees the pro- posed Ordinance authorizing the issuance of $2,400,000.00 (neral Improvement Pon,ls as an emergency, You will please consider this request in connection with the ordin- ance which has been introduced in the City Council on this sUbject. YOare, very truly, /s/ Ben F. Me -20141i, (ay." Commissioner Sveartner moved that the Charter provision prohititing ordin- ances from being ped finally on the date introduced be suspendad for the reseens stated in the written request of the Mayor and stated in the emergency clause of the ordinance. The motion sae seconded by CommIssioner de Leon. The motion vaa carried by a unanimous vote by the City Council, viz: AYES: Commissioners Swantner, Barnard, le Leon, Roberta and Young. AOES: None, The Mayor requested that the records stow that he voted eere Tnie vas done. Commissioner Svantner moved that the ordinance 1.:,e pastel finally. The motion VISA seconded by Commissioner de Leon. The motion vas carried by the follow- ing vote: AYES: Commis/loners Svantner, Barnard, de Leon, Roberts and Young. NOM: None. The Mayor requeeted that the records shoe teat he voted Aye. Thie vat done. The Mayor announced that the ordinance hal been paased. The ordinance it as follows: Special Council Meeting July 18, 1961 Page 4 ORDINANCE NO 6208 • BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS, PROVIDING FOR THP ISSUANCE OF $2,400,000.00 CITY OF CORPUS CHRISTI, TEXAS, GENERAL IMPROVEMENT BONDS, SERIES 1961, BEARING INTEREST AT THE RATES HEREINAFTER SET FORTH, AND PROVIDING FOR THE LEVY, ASSESSMENT AND COLLECTION OF A TAX SUFFICIENT TO PAY THE INTEREST ON SAID BONDS AND TO CREATE A SINKING FUND FOR THE REDEMPTION THEREOF AT MATURITY; REPEAL- ING ALL ORDINANCES IN CONFLICT HEREWITH AND DECLARING AN EMERGENCY. The Charter rule was suspended by the following vote: Mayor McDonald, Commissioners Swantner, Barnard, de Leon, Roberts and Young all voting "Aye", and Commissioner Maldonado, absent. The foregoing ordinance was passed by the following vote: Mayor McDonald, Commissioner® Swantner, Barnard, de Leon, Roberts and Young all voting "Aye", and Commissioner Maldonado, absent. There being no further business to come before the Council, the special meeting vas adjourned. TWE: STATE OFF TEXAS COUNTY OF ] JECES CiTY OF CORPUS CHRISTI NOTICE OF SPECIAL MEETING TO THE MEMBERS OF THE CITY COUNCIL, TEE CITY MANAGER, TEE CITY SECR TJ C' AND TEE CITY ATTORNEY TO THE CITY OF CORPUS Crr :ISTI, TEXAS: NOTICE is hereby given that a, special meeting of the City Council of the 0.ty of Corpus Christi, Texas, will be held in the City of Corpus Christi, Texas, l.xLL. e Council Chamber of the City Hall, at 10:00 o'clock A.M. on the 18 day of July , 19 61, for the purpose of Sale of $2,400,000 General Obligation Bonds, City of Corpus Christi, Texas, and such other business as may properly come before the Council. DATED this the 18 day of July , 19 61. BEN F. MC DONALD, Mayor City of Corpus Christi, Te CONSENT TO MEETING Ne, the undersigned members of the City Council, the City Manager, the City Secretary aad the City Attorney of Corpus Christi, Texas, hereby accept service of the foregoing notice, waiving any and all irregularities in such service and consent and agree that said meeting shall be at the time and place therein named and for the purpose therein stated. I. M. SIN City Atto- ney J . IN City ►.. cretary