Ord 2035 8/1/1963 e- ._
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THE STATE OF TEXAS
•
COUN`T'Y OF WICHITA
CITY OF WICHITA FALLS
On this the 1st day of August, 1963, the Board of
Aldermen of the City of Wichita Falls, Texas, convened in Special
Meeting, at the regular meeting place, with the following members present,
to-wit
•
John J. Gavin, Mayor,
h J. Winston Wallander,
Dr. D. Clifford Burross,:
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Aldermen,
Roy V. Claytor, :
Don Wade, •
W. B. Hicks, City Clerk,
and with the following absent: 0. D. McBride and Dr. Al T. Witcher ,
constituting a quorum, at which time the following proceedings were had:
Alderman Wade presented for the consideration
of the Board an ordinance and moved that it be passed. The motion was
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seconded by Alderman Clayton The ordinance was read in full by
o the City Clerk.
The motion carrying with it the passage of the ordinance
prevailed by the following vote:
YEAS: Aldermen WaLlander, Burross, Mictobtepdtb12glacra Wade
and Claytor and Mayor Gavin.
NAYS: None.
The Mayor announced that the ordinance had been passed.
The ordinance as passed is as follows:
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ORDINANCE NO. 2035
AN ORDINANCE
', AUTHORIZING THE ISSUANCE, SALE AND
DELIVERY OF CITY OF WICHITA FALLS
PARK Ir2PROVIIvTT BONDS, SERIES 1963,
$320,000, AND THE LEVY OF A TAX IN
PAYMENT THEREOF.
WHEREAS, the bonds hereinafter authorized were duly and
favorably voted, as required by the Constitution and laws of the State
of Texas, at an election held in said City on the 4th day of June, 1963;
i and
k WHEREAS, the bonds hereinafter authorized are to be, issued
and delivered pursuant to the Charter of said City and the general laws of
the State of Texas
BE IT ORDAINED BY Th1 BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, TEXAS:
Section 1. That said City's coupon bonds to be designated
the "City of Wichita Falls Park Improvement Bonds, Series 1963," are hereby
authorized to be issued and delivered in accordance with the Constitution
and laws of the State of Texas in the principal amount of $320,000 for the
purpose of improving land for Park purposes.
Section 2. That said bonds shall be dated August 1, 1963,
shall be numbered consecutively from 1 through 64, shall be in the denomina-
tion of $5,000 each, and shall mature and became due and payable serially
:. . , b on August 1 in each of the years, and in the amounts, respectively, as set
forth in the following schedule:
YEARS AMOUNTS YEARS AMOUNTS
1964 • $ 20,000 1972 $ 20,000
1965 20,000 1973 20,000
i966 20,000 1974 20,000
w 1967 20,000 1975 20,000
1968 20,000 1976 20,000
9 1969 20,000 • 1977 20,000
a 1970 20000 1978 20,000 •
1977. 20,000 1979 20,000
, Section 3. That said bonds shall bear interest from their
1
date, until maturity, at the following rates:
all bonds scheduled to mature during;the years 1964
d through 19 73 ------------ ---- 5 % per annum;
h
all bonds scheduled to mature during the years 1974
Idthrough 1975 - --- r---------- 4 % per annum;
VI
all bonds scheduled to mature during the years 1976
d through 19 79 3 1/4 % per annum;
r--r..-r-r-rr..r-r-r
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all bonds scheduled to mature during the years 19
through 19 - - --- - % per annum;
ro all bonds scheduled to mature during the years 19
rthrough 19 °fo per annum;
J with said interest to be evidenced by interest coupons payable on February
1, 1964, and semi-annually thereafter on each August 1 and February 1.
Section 4. That the principal of and interest on said bonds
shall be payable to bearer, in lawful money of the United States of America,
without exchange or collection charges to the bearer, upon presentation
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and surrender of proper bond or interest coupon, at The Chase Manhattan
Bank, New York, New York, or, at the option of the bearer, at the City
National Bank in Wichita Falls, Wichita Falls, Texas, which places shall
Gbe the paying agents for said bonds.
Section 5. That each of said bonds and interest coupons
I shall be signed by the imprinted or lithographed facsimile signature of the
Mayor of said City and countersigned by the imprinted or lithographed
facsimile signature of the City Clerk of said City, and the official seal
of said City shall be impressed, or printed, or lithographed on each of
said bonds.
Section 6. That the form of said bonds, including the form
of Registration Certificate of the Comptroller of Public Accounts of the
State of Texas to be printed and endorsed on each bond, and the form .of
the interest coupons to be attached to said bonds, shall be, respectively,
substantially as follows: ppp
(FORM OF BOND)
1 NO. _ $50000
UNITED STATES OF AMERICA
STATE OF TEXAS
COUNTY OF WICHITA
r CITY OF WICHITA FALLS
PARK I INIPROV'EVIENT 'BOND
tl
SERIES 1963
1 4 On August 1, 19 , the City of Wichita Falls, in the Count
of Wichita, State of Texas, promises to pay to bearer the principal amount of
. FIVE THOUSAND DOLLARS
1 and to pay interest thereon, from the date hereof, at the rate of
per annum, evidenced by interest coupons payable February 1, 1964, and
3
semi-annually thereafter on each August 1 and February 1 while this bond
is outstanding. The principal of this bond and the interest coupons attach-
}
ed hereto shall be payable to bearer, in lawful money of the United States
of America, without exchange or collection charges to the bearer, upon
presentation and surrender of this bond or proper interest coupon, at
The Chase Manhattan Bank, New York, New York, or, at the option of the
bearer, at the City National Bank inWichita Falls, Wichita Falls, Texas,
which places shall be the paying agents for this Series of bonds.
This bond is one of a Series of coupon bonds dated August 1,
1963, issued in the principal amount of $320,000 for the purpose of improv-
ing land for Park purposes.
It is hereby certified and recited that this bond has been
duly and validly voted, authorized, issued, and delivered in accordance with
,, the Constitution and laws of the State of Texas; that this bond is a general
, obligation of said City, issued on the full faith and credit thereof; and
I that the ad valorem taxes, upon all taxable property in said City, necessary 1
to pay
the interest on and principal of this bond, as such interest comes
due, and such principal matures, have been pledged irrevocably for such
purpose, within the limit prescribed by law.
In witness whereof, this bond and the interest coupons attach
ed hereto have been signed by the imprinted or lithographed facsimile sig-
nature of the Mayor of said City and countersigned by the imprinted or
au �
lithographed facsimile signature of the City Clerk of said City, and the
official seal of said City has been duly impressed, or printed, or litho-
graphed on this bond.
, City Clerk, City of Wichita Falls. Mayor, City of Wichita Falls.
(FORM OF REGISTRATION CERTIFICATE)
COMPTROLLER'S REGISTRATION CERTIFICATE: REGISTER NO. .
I hereby certify that this bond has been examined, certified
as to validity, and approved by the Attorney General of the State of Texas;
and that this bond has been registered by the Comptroller of Public Accounts
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of the State of Texas.
Witness my signature and seal this •r
Comptroller of Public Accounts of the
State of Texas
(FORM OF INTEREST COUPON)
NO.
On _
19 , the City of Wichita Falls, in
the County of Wichita, State of Texas, promises to pay to bearer, the amount
Dollars, in lawful money of the
of
United States of America, without exchange or collection charges to the
bearer, upon presentation and surrender of this interest coupon, at
V, t New York, New York, or, at the option of the
li The Chase Manhattan Bank, �
bearer, at the City Cit National Bank in Wichita Falls, Wichita Falls, Texas,
said amount being interest due that day on the bond, bearing the num ber
hereinafter designated, of that issue of City of Wichita Falls Park Improve-
ment Bonds, Series 1963, dated August 1, 1963. Bond No. •
City Clerk. Mayor.
Section 7. That a special fund or account, to be designated
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the 'City of Wichita Falls Park Improvement Bonds, Series 1963, Interest
and Sinking Fund" is hereby created and shall be established and maintained
t and Sinking
g; by said City at its official depository bank. Said Interest
Fund shall be kept separate and apart from all other funds and accounts of
M1lsaid City, and shall be used only for paying the interest on and principal
of said bonds. All taxes levied and collected for and on account of said
bonds shall be deposited, as collected, to the credit of said Interest and
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Sinking Fund. During each year while any of said bonds or interest coupons
appertaining thereto are outstanding and unpaid, the Board of Aldermen of said.
City shall comp ute and ascertain the rate and amount of ad valorem tax, based'
on the latest approved tax rolls of said City, with full Allowances being
made for tax delinquencies and costs of tax collections, which will be suffi-
cient to raise and produce the money required to pay the interest on said
fund to pay the i
1 bonds as such interest comes due, and to provide a sinking
" principal of such bonds as such principal matures, but never less than 2%
of the original principal amount of said bonds as a sinking fund each year.
Said rate and d amount of ad valorem tax is hereby ordered to be levied and is ,
hereby levied against all taxable property in said City for each year
while any
g of said bonds or interest coupons appertaining thereto are out-
.
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standing and unpaid, and said ad valorem tax s1 11 be assessed and collected
each such year and deposited to the credit of the aforesaid Interest and
Sinking Fund. Said ad valorem taxes necessary to pay the interest on and
principal of said bonds, as such interest comes due, and such principal
matures, are hereby pledged irrevocably for such purpose, within the limit
prescribed by law.
Section 8. That the Mayor of said City is hereby authorized
to have control of said bonds and all necessary records and proceedings
ea r
pertaining to said bonds pending their delivery and their investigation,
d examination, and approval by the Attorney General of the State of Texas, and
their registration by the Comptroller of Public Accounts of the State of
Texas. Upon registration of said bonds, said Comptroller of Public Accounts
(or a deputy designated in writing to act for said Comptroller) shall manual
ly sign the Comptroller's Registration. Certificate prescribed herein to be
printed and endorsed on each bond, and the seal of said Comptroller shall
be impressed, or printed, or lithographed on each of said bonds.
Section 9. That said bonds are hereby sold and shall be
delivered in accordance with law to First Southwest Company,
Dallas, Texas, end Associates
for the principal amount thereof and accrued interest to the date of delivery,....
plus a premium of $ -0- •
PASSED AND APPROVED this the 1st day of August,' 1963
6/
Mayor, City of Wichita Falls, Texas.
{ ATTESTS ,; ! {`
‘.../7/17/1r ,c_ e
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City Clerk, City of Wichita Falls, Texas.
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THE STATE OF T ' `' •
COUNTY OF WICHITA
CITY OF WICHITA PALLS ;
I, the undersigned, City Clerk of the City of Wichita Falls,
Texas, do hereby certify that the above and foregoing is a true and correct
copy of an ordinance passed by the Board of Aldermen (and of the minutes
pertaining thereto) on the 1st day of August, 1963, authorizing the issu-
ance
of $320,000 City of Wichita Falls Park Improvement Bonds, Series 1963,
as the same appears of record in the minutes of said Board of Aldermen.
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EXECUTED UNDER MY HAND and seal of said City, this thelst
day of August, 1963•
City Clerk, City of Wichita Falls, Texas.
(SEAL)
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