Ord 1969 10/9/1961 ORDINANCE NO. /9q.'
AN ORDINANCE SETTING ASIDE FROM THE REVENUES OF THE PUBLIC UTILITIES OF
THE CITY OF WICHITA FALLS SUFFICIENT FUNDS TO PROVIDE FOR THE CITY DEBT SERVICE
FOR THE FISCAL YEAR 1961-62 TO PAY PUBLIC UTILITY OBLIGATIONS; PROVIDING FOR A
METHOD OF PAYMENT; AND DECLARING AN EMERGENCY.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS,
TEXAS:
SECTION 1. THAT THERE BE SET ASIDE FROM THE REVENUES OF THE PUBLIC
UTILITIES OF THE CITY OF WICHITA FALLS THE SUM OF $158,734 TO PAY PUBLIC
UTILITY OBLIGATIONS ACCRUING IN'"THE FISCAL YEAR 1961-62 ON THE OUTSTANDING
WATER BOND ISSUE IN THE SUM OF $2,234,000, SAID SUM OF MONEY TO BE SET UP
IN A FUND TO BE KNOWN AS WATER DEPARTMENT DEBT SERVICE FUND.
SECTION 2. THAT THERE BE SET ASIDE FROM THE REVENUES OF THE PUBLIC
UTILITIES OF THE CITY OF WICHITA FALLS THE SUM OF $51,236 FOR THE PAYMENT
OF PUBLIC UTILITY OBLIGATIONS ACCRUING IN THE FISCAL YEAR 1961-62 ON THE
OUTSTANDING SEWER BOND ISSUE IN THE SUM OF $595,000, SAID SUM OF MONEY TO
SERVICE FUND.
BE SET UP IN A FUND TO BE KNOWN AS SEWER DEPARTMENT DEBT SE RV CE
SECTION 3. THAT SAID TOTAL SUM OF $158,734 HEREIN, SET ASIDE IS TO BE
DIVIDED INTO TWELVE (12) EQUAL INSTALLMENTS AND PAID INTO THE FUNDS PROVIDED
IN THE BOND ORDER EACH MONTH IN THE SUM OF $13,227.83.
SECTION 4. THE SAID TOTAL SUM OF $51,236 HEREIN SET ASIDE BEGINNING
OCTOBER 1, 1961, BE DIVIDED INTO TWELVE (12) EQUAL INSTALLMENTS AND PAID INTO
THE FUNDS PROVIDED IN THE BOND ORDER EACH MONTH IN THE SUM OF $4,268,
SECTION 5. THE IMMEDIATE NEED TO CONTINUE THE NORMAL OPERATIONS OF THE
BUSINESS OF THE CITY CREATES AN EMERGENCY AND-IN ORDER TO PROTECT THE PUBLIC
HEALTH, WELFARE AND TO PRESERVE THE PEACE, THIS ORDINANCE SHALL TAKE EFFECT
IMMEDIATELY, AND IT IS SO ORDAINED.
PASSED AND APPROVED THIS THE DAY OF OCTOBER, A. D. 1961.
rMAYOR ►
ATTEST: (72-7„.,e"
A. L. FITTS, CITY CLERK
APPROVEDAS TO FORM
H. P. HODGE, JR. , CITY ATTORNEY