Ord 1785 8/30/1957 OFFICE MEMO
To ORDINANCE 1785 Date 195
AUTHORIZING ISSUANCE 500M Sewer q- rov, & Ext. Bonds, Series 1957.
8-30-57 (Original in Bond File)
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BY BOARD Q AIMM OP TUE CITY OP
ISQAi'; R OF '-'T*rf OF WICHITA. 1+AT SI �':A8,
$500,000 00; MR= I TBRBST AT ME RAVES
i7sss.;4,: A?311,•�at%!D�yK7�iY23:j4F,3.�.i�vk ryr OR
. '�},�Z LEVY) A 3l�'3rdU:�:)i?:'�6'r��T ,Cw.i'D `i`c�f-J�ulu"x��.j.7.O VIA Amy
:sAX 1a11UF-ICIY 4iI`.7. TO r-Ay '�;`k�.'it.'+ J l'<'b 101RE"IT�' Ot �'.t'iD)
BONDS AM TO CaiaMIM .A SrRXI.NG l+`U1 ff F°4,q �.tE
AT 2 i"'[,T_-11'Y.
o" th( U• b MY of jurmi 1957, the
" 1 a03vd uV AldeV'!Mn Of 00 MY Of Wichita Falls, Texas, 6id{1Y-ited a resolution
calling an el.ect:low to be hell in ca, Ci.Fy or: fjYFe {?i;ti L',ay C)i' =Tunh, l:Mx on
"Oiznll the DOOM of Aldermen OF the City cf Wichita
Falls, Tomas, be authorized to issue t33e bonds of said City
In the 'Ma of400,+720-0 1 nat wring ser al-LY• in nuch install-
ments as e7,ay be fixed by the Board of Alderman, the r mxjnuM_n
maturity be ig not; more than Thirty (30) years from their
date, boar:tng interest at a rate not:, to exceed ?Joe QQ per
cent per annum, aM 0 levy a tax suffic3.eAL' t;a Pay Intereet;
as it accraw; and principal. as It matures on said issue of
"A for LAO rs�x° o��e of i��rovz;� and extendi rg the -City=
sari r ry Mwer zystan, as authorized by the Constitution and
lama of Me Mate of Mao."
Iwo
s:;i d election waa duly a na 1ga ily held on h
;9th My of June, 1957, nod a !Pajority of the legally gsa].i_ri ed ei.ec twrs,
i.4,,_iable proyc'.rty in Paid City anA "Sd::o bad 'fall 7'C3ndc?l'ed the so-:'o for
t;.1w;r"_6`ion, voting at ;aM Motion, s a`a'��: ned 'tile Proposition r•;'� �.i3;1 to 5�84� �..�C3
u.:rrah arezei-Xlfter described by the xol,l,awirg vote:
";:'cam M ' 1,"kAJM= C F � '"�+i: Ittt't�CtJ.; �s'� ,' ,D
xh�t�tT�'�ti32C1�Ti�si�3+�3UDS"� T7 OF SEWER � ry t 78 Votes;
CE
MENT
AND EX'TR`pION DOUDS" 775 YatesR
as 11, reflected In the el ct;lon rAwns heretofore flied ulth the City Clerk;
Gain", A91 it is denied advisable and to tho beat interest
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of the City than said bonds be issued and Old af thin t•ina,
BY T MAIN MAINED By THE i3OUD OF OF `i`i:E My 0:r,
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3 . That the bonds of said City to be called "City o
Wichita Falls, Texas, Sevrr Improvement and ExtenNon Bonds, series 1957",
.be issued €nder and by virtue of the Constitution and laws of the State of
Toxas, anz the Clmrter o:' said City, for the purpose of Improving and extend_
''.3 V10 City's sanitary onvar system, In the principal amount of rive H; nared
TThau, and ($500,00,00) Dollars.
2. That said be7-uls shall, be nu.Joared from One (1.) to
a`:';}ve Uyn..dred (510), both inclusive, of the denwmNation. of One Thomsand
(•11.,000,00) Dollars each, aggregating rive Hundred °lho>«=Bard ($500,000-00)
Dollars.
3. That said bonds shah be dated September 1, 1957,
and s'°tall becoue, die arA paysbl.e aerially as follows:
•? to 30, both inc l.., sep'tanbox 1, 1958. �30,401.00
,{�1 to tr70, =r rr Sep�.a.„�.�t�er 1,, 1959, 3!€S�i iJ,;ry';03, CO)o
6 to go, ,1 ,� � Sept mbdr 1, 1960, 30,000.00
91 to 1.201 " September 1., 1961, 30,000,00
121 0 150 rr w Cep tedber 1., 1962, 30,000.00
151 to 1.85, tc it September 1, 19637 352003.011)
1 cl6 to 220, *r rr see tedber 1, 1964, 35,000.00
221. to 255o September 10 19652 35,000.00
256 to ago, ,. eptember 1., 1.566, 35PODO- 10
291 to 325, September 1p 1967, 35,000-00
326 to 360, r: eptenol ar I, 1. , 35,0Q.00
361 to 395P n ,: rSeptanber 10 1969, 35,00 -01113
396 to 430, rr Sept;epber I, 29T0, 35,000-Ow
f1r.31- to 11, September f5s rt rr Septeer 1, 1.971, 35,000.00
466 to 500, t, ,: SePtar:)ber 1, 1972, 35:000.00
4. That said bonds shall near interest at the ratop an
Dorj:.ls .•it s. 1 to 220 'tbot b dill"., per, vu n=-,
Bonds cla Nos. It
-2-�27.- to _a6.0, per
Bonds kros. ai 1 to' 500 � a sr �1_._,.,1�ai7G C >•t�"+r1�i,
p:oynble March 1.1 1953, and semi-annually tlherea.f'ter on septemberlst and
Mnroh lot of each year.
5. VMO; the principal and interest of maid bondswt.-an
be PO.YIbl_e Upon PreZenta t:F w and surreirler of bond or proper coupon at Q0
City 11ational Btt::ak in Ifichita Falls, Wichita tea?ln, Texas, or., at the option
of the holder, at the First Na,t• goal. Bank In. Bml.l.as, Dallas, Axas, witbort;
wahange or collection charges to the comer or holder tboreaf.
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i! That each of said bonds and interest coupons shn1l
i be executed by the -impxjnt. ,Nd f0c8 jMjj.8 Signature Of tlx: 143yor and cauzjtcr -
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sued by the Imprinted facsiml, lh signature of the City Clerk, and the
corporate Gesl Of the City of Llicblta Fails, Texas., 817011 be L-upressed upon
each of said bonds. Stich f8csi3 ile signatures shall have the same effect as
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manual signature 3.
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7. The fora of said 'stands shall be Nubstantiaj y as
follows.
i M ED ISUA S OF AM MICA
S TAV, OF TEXAS iE
g I C1`F( OF WICHIT,A FALL
�i 1151 i T.S,k; OVEtrtT�,.NT ACID r"MI 1011 B014D
!I sMIES 1957
The City of Wichita Fdlls, in the Countt of Wiebital �
Otate of Tcxas, n Municipal corporation duly incor
porated under the Zags of
the State of TcX082 for value received here by prfl►�Lzse�x to pay to the bearer I
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hereof, on the Ist clay of September, 1958., the sum of.
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in lawful money Of the Uzai.tQd States of Am--r:ica, with interest, thereon from
data hereof at the rate of (*P) per cunt per tannuinz Interest
f � payable march 1,
1953j. and semi-annually 1.hereai'ter On September 1st and M6rch Ut of each
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t + both principal and Interest payable upon presentation and surrender of bond }
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or proper coupon tat they City 11ati.onal Bank in Wichita Falls, Wichita Polls,
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r I'exaa, Or, at the option oaf $I holder at the First National Bank in 1?allaa3,
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Dallas, Texas, without excIjcan e or collection charges to i;l.'�-* owner or holder
� acareaf, and the City of Wichita Falls, Texas, is bereby held and .firmly Bound
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and its faith and credit: and all taxable property in said City are hereby c=
pledged for the prompt � 4 mp pay►rc�nt of the principal of this band at maturity and
the Interest thereon an it accrues.
This bond is one of a series of Five Hundred (500) bonds
Of lli.c tenor and ofi'ect, except a, to number, interest rate and maturity,
nutbered from One (1) to Five Hundred (500), both inclusive, of the denomi-
nation of One T.housai3d ($4 000.00) Dollars each, a&:,regating Five Hundred
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� Thousand *, OG 000.00) Doll8re, issued for the purpose of at rovi
��`5 s mp rg and
extending the City's3 sanitary suer system, Under and by virtue of the
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Constitution and laws of the estate of Texas and the Charter of said.City,
! and plwsuant to an ordinance passed by the Board of Aldermen of the City of
WHO Falls, Texas, which ordinance is My of record in the alnutes of
'E said Board,
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The d4te Of this bond in conOrmi ty with the ordinance
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above mentioned is September 1, 1957•
AHD TV Z, 13 MEDY CERTIMM AND RECITED that the issuance
?j of this� hand, and the series of which it is a part, Is duly authorized by law
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and by a vote of the resident, qualified Me '
tars who own taxable property
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in said City and who had duly rendered ndered the sew for taxation in the City of
MUM Falls, Texas, voting at tin election held for that purpose within rind
City 4n the 29th day of June, 1957; that all acts, conditions and things
required to be done precedent to and in the iasua= Of this series of banns,
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j and of this bond, have been properly done and
pexfrsri*d and have happened in � <;
regular and due tjIlx;, f0Tm Ond manner as required iay law• that Sufficient
aafficierit
! and proper provision for the levy and collection of Waxes
has been Made,
�I uhich when Collected shall be sapproprAted exclusively to the payment of this
bond and the series Of AM it is a part, and to the paYment of the interest
coupons hereto annexed as the' same shall become due; €nd that the total in
debtednesas of Said City of HMO Falls, '.texas, including. the entire series
of bands of which t35 is one, Wes ,not exceed any co4stitutiona2, statutory
or cherter :.imitatioza.
7 WITJ MS WHO& the City of Achita Fa ,.
1�.s, Texas, by
its Board of AldermQn !.M$ c:fauzed the seal Of said City to be impresued hereon
and this bond rand the ann=d coupons to be eXecuted by the facsimile signa-
ture of the Nbyox and countersigned by th6 facsimile siunature of the City
Clerk.
Vayor, City, of- Wichita Falls, Texas.
COUATERSlGNED:
City Clerk, city of ichita polls, Taxfas
*(prangs Nos. I to s botij lRel., � per anz�arm;
Bonds Nos, to �s
Bones loos.
----- to per arnnum..)
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I! . The I'arnz of can on ah<a.11 be substantially as follows:
ON TIC IST DAY OF
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'.:%e Cl ty of Fi lchha Falls Texa
� � s, will pray to bearer at
the City HatiOnal Bank in Wichita Fujis, Vichita Falls, Texas, or, at the
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option of the holder, at the First National Bank in Dallaa, Vellas, Texas,
f with ut exchange or col.ectlon eharMs to the owner or holder hereof, the
sum of
A ---� _-
-� �_-) Dollars, in lawful
MMOY oi the United :States of Ajv-rjCa., being nOnths' interest due t1 at
day on "City of Wichita Falls, Teznap Sewer Improvement and .Extension Bona
i Series 1957", dated September 1, 1957, Bond No,
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City Clexk _. _.. Myor.
9. Substantially the following certifleale shall be
printed on the bacR of each bondx
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OFFICE OF CONMTROLIER
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STATE OF TEXAS
I iEFEBY CERTIFY that there is on file and of record in
�y Office a certificate of the Attorney Gencral of 00 State of Texas,s, to the
effect that this bona has been examined by him as required by lacy, and that
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he finds that it ban been i.a sued in conformity wltb the Constitution sand laws
of the State of Texas Ond the Charter of said City, and that it 10. a valid
and binding obligation upon said City Of Wichita Falls, Texas, and said bond
1300 this day been registered by me.
'IT`IL'SS M HAIM and seal of Office at Austin, Texas, !
Comptroller of 'ub� Accra tnu a a'f the
State of Texts.
(SEAL)
10. That ra special fund to be desi;,taited "City of
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Wichita Fullo, Texas, Sewer lmprovo..ment rabd Fx�ensign Bonds, Serlea 1957 Fund",i
I is hereby created and the proceeds from all taxes c0llecteq for and on account?
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of thin serie n Of boncla Sb al.l. be credited to said fund for the purpose of
paying the interest as .it accrues ;and to provide a sinking fund for the pur-
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We of Wing each i,nstallowt of princip l an It hecoars dun, and said Fund
shall be used for no other purpose. For the current year and each year while
any of said 'bonds, or intwo8t thereon, are outstanding grad w4paid, there
shall be cozputed and ascertained, at the time otbor taxes are levied, the
rate of tax 'biased on the latest &PrOvel rolls of said City as .will be
requisite and sufficient to We, Wee and produce in each of said years a
fVI& to pay the interest on said bonds and to provi,de a sinkinZ fund staff$.-•
dent to pay the principal. as it r aNres, full allowances being made for
dolinquencies and costs of collection. A tox at the rate as bereinabove
determined 3s hereby ordered to be levied W is b reby levied against ,all
of the teaxabla, pocTcrty in said City for the current Ivor a ci each� Y _ � xa a h year
res cti.ve
1� l-Y Uhil e any of ceiA bonds, or interest- thereon, are outstanding
art unpaid, and the said t x each year shall be asseseed and collected and
placed ,in the NO Wreby croated and the Treasurer shal.l honor variants
ageaincat said fun l for the purpose of paying the StRre:t watuxine and pz i.n-
Seal of v id bonds and for no other purpose.
11. Bc it faaariher ordained thvt the iyoyer shall be
authorized to take rsrad have cha.rae Of 011 necessary records pending inventi.-
station lay the Attorney Genor .1, and shall, take and have charge and control of
th F hcnds herein authorized pan,ding their approval by the Attorixmy General
ark reActr>ation by th-w Comptxo?l cr of Public Accounts. Upon regietrati.on
of said boaads, the Comptroller of NOW twounts (airy a deputy deeignated in
Priting to act for the Comptroller) shall, utnlally KgD the Comptroll.er's
certificate of rogis tration proscribed herei.0 to be printed can the 'back of
each bond, and the seal of said Comptroller shall be affixed to each of said
bonds.
hat the: sale of the bonds herein autbori.zed to
CitYNational Bank of Wichita Falls and First Southwest Company of Dallas
at; a price of Ver and accra,ej interest to elate of, deliverylp sac; a,� premium of
e 45.00 is 1=erc'�y cons firmed. �7e1 Lvc-�•y of such boaads shall be wmoe
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to such purchaners as noon as Bmy be after the passage of tbi2 ordinance upon
poyarnt therefor in accordance F itb tre terms of sale.
PASSED AUD APPROVED this the 30 My of Avgvst, 1957.
A EST:
fi t;, C �r?ct City of V. hits F:;llso as.
APPROVED AS TO MW
�-- - ` — Out,
city' A,+.j.ar_nc-FY, City o t?3chita foils, Text,
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r` TM' STATE o
i COURa OF WICHI` A
I CITY OF WICHITA P11W
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sioged, city Clergy; of the City of loichita
exas, dv hereby
Qrc of s
I Y Certify that the above and � � :
Garrect copy of en ordincince a^ „y �� �' �� a .rue end
� ' � , G b th y OBOnrd of Aldermen of the City of
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wichit-a Falls, (and of the rxtnut >u
'pertaining thereto) on the 30
dsy of August, 1957, authorizIng s ---. _
the xs u zxce Of *500,0J0.00 City Of Wichita
Falls, Texas., sever Improver, anc3 Extension Bonds, Series 2
I c�rd�.n€�nca is Of record Which in tie rnini.1tc Of said ward Of Alderman..
, T
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seal of S€ ld City, tb!S the
3a clay of August.- 1957.
ZClerk, C:Rt of WiChIta
Tex&s,
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