Ord 1771 10/8/1956ORDINANCE NO. 1771
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
1957 TO PAY PUBLIC UTILITY OBLIGATION; PROVIDIM FOR A
METHOD PAYMENT; AND DECLARING AN EMERGENCY:
BE IT ORDAINED BY THE BOARD OF ALDER14EN 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 $156,521.00 to pay Public Utility Obligations accruing
in the fiscal year 1957 on the outstanding water bond issue
in the sum of $2,681,000.00, said sum of money to be set up
in a fund to be known as Mater Department Debt Service Fund.
Section 2. That there be set aside from the revenues
of the Pu c t7tilities of the City of Wichita Falls the sum
of $1,529.00 for the payment of Public Utility.Obligations
accruing in the fiscal year of 1957 on the outstanding sewer
bond issue in the sum of $755,000.00, said sum of money to
be set up in a fund to be known as Sewer Department Debt
Service Fund.
Section 3. That said total sum of $156,521.00 herein
set aside is to be divided into twelve (12) equal installe -
tents and paid into the funds provided in the bond order each
month in the sum of $13,043.42.
Section 4. That said total sum of $51,529.00 herein
set aside beg nning October 1, 1956, be divided into twelve
(12) equal installments and paid into the funds provided in
the bond order each month in the sum of ,44,294.09
Section 5. The immediate need to'continue the normal
operations oT tYie business of the City creates an emergency
and in order to protect the public health, welfare and to pre-
serve the peace, this ordinance shall take effect immediately,
and it is so ordained.
PASSED AND APPROVED this, the 8th day of October, A. D.
1956
K. C. Spel , ay or
�i TE .., .. �✓ PC'
Henders on, UicVi Ierx
Approved-as to Form:
t
J.Valter Freiberg, Ci y '
Attorney