Ord 1384 5/13/1944 ORDINANCE NO. 138/,
"AN ORDINANCE by the Board of Aldermen of the City
of Wichita Falls, Texas, authorizing the issuance
of bonds in the principal sum of $3tOOOtOOO-OO,
designated as ' CITY OF WICHITA FALLS, TEXAS,
FIRST MORTGAGE WATERWORKS SYSTEM REVENUE IUROVE-
MENT BONDS' s (being part of a total authorized
issue of $3,500,000.00 bonds authorized at an
election held on April 11, 1944, for the purpose
of paying offs refunding and cancelling $351,000-00
' City of Wichita Fallss Texas, Waterworks System
Improvement Revenue Bonds' , dated October 11 1940,
and for the purpose of purchasing additional water
powers, riparian rights, improvingt enlarging, ex-
tending and repairing such system at a cost of not
exceeding $3,149,000.00, as authorized by the
General Laws of the State of Texast particularly
Articles Jill et seq. , Revised Civil Statutes of
1925, as amended) ; providing that the said
$3,000,000.00 bonds shall be issued in two series,
being 'Series 11 for the sum of $1000,000-00,
of which $3519000-00 will be used for the purpose
of paying off, refunding and cancelling a like
principal amount of the aforesaid outstanding bonds,
and $649sOOO.00 thereof will be used for the pur-
pose of acquiring the authorized waterworks
improvements$ and, being 'Series 21 for the sum of
$2, 000, 000.00, which amount will be used for the
purpose of acquiring the authorized waterworks
improvements; prescribing the form of bond, interest
coupons, and certificates of registration; pledging
the revenues of the City' s waterworks system to the
payment of principal and interest of the bonds,
after providing for the expenses of operating and
maintaining said system; further securing said bonds
by a first mortgage on all the properties comprising
the City' s entire waterworks system, acquired or to
be acquired; enacting provisions incident and re-
lating to the subject and purpose of this ordinance;
and declaring an emergency."
WHEREAS, under and by virtue of an ordinance duly passed
and adopted by the Board of Aldermen of the City of Wichita Falls,
Texas, on the 13th day of Marcho 19449 an election was ordered to
be held in said City on the llth day of Aprilo 1944, and at which
election the following proposition was submitted to the qualified
voters of said City:
"SHALL the Board of Aldermen of the City of Wichita
Falls , Texast be authorized to issue the
revenue bonds of said City in the principal
sum of not exceeding THREE MILLION FIVE HUN-
DRED THOUSAND DOLTARS 43,500000-00) o matur-
ing serially over a period of years not to
exceed forty years from the date thereoft
bearing interest at the maximum rate of
THREE AND ONE HALF PER CENTUM OW per annum,
for the purpose of paying offs refunding and
cancelling not exceeding $351* 000-00 of bonded
indebtedness of the City' s Waterworks System
and for the purpose of purchasing additional
water powers, riparian rightsp improvingo
enlargingg extending and repairing such Sys-
tem at a cost of not exceeding Three Million
One Hundred Forty Nine Thousand Dollars
($3, 149,000-00) , as authorized by the General
Laws of the State of Texast particularly
Articles 1111 et seq. , Revised Civil Statutes
of 1925, as amended, said bonds to be special
obligations of the City of Wichita Falls,
Texas, payable as to both principal and in-
terest solely frm the revenues of the City's
Waterworks System andp SHALL the Board of
Aldermen be authorized to encumber the City's
Waterworks System or the revenue thereoft or
botht for the purpose of securing the payment
of the principal of and interest on said bonds,
said encumbrance on said revenues to be an
exclusive first lien on and pledge of said
I'm
revenues, after the deduction of reasonable
expenses of operating and maintaining said
System, as said expenses are defined by
statutes and all bonds of said series are to
be ratably secured in such manner that no one
bond shall have priority of lien over any other
bond of said series; the indebtedness to be
paid off, refunded and cancelled now being in
the principal sum of $3519000.00, represented
by City of Wichita Falls, Texast Waterworks
System Improvement Revenue Bonds, ' dated October
1' 1940, bearing interest at the rates of 3%
and 31% per annum, due serially in each of the
years- 1945 to 1960s both inclusive; but redeem-
able on October lt 1955, or on any interest pay-
ment date thereafterl which bonds were author-
ized and issued pursuant to an election held in
said City on September 30, 1938, and an ordi-
nance adopted by the Board of Aldermen of said
City on September 23, 1940, recorded in Ordinance
Book Number 80 and to which ordinance reference
is hereby made for further description of said
indebtedness?"
AND WHEFMAS, upon consideration of the returns
of said elections the Board of Aldermen found that said election
had been conducted in the manner prescribed by law, and was in
all respects legally held, after due and proper notice as re-
quired by law; that due returns of said election had been made
by the proper officers; that said election resulted favorably
to the issuance of said bonds; that a majority of the qualified
electors, voting at said electiono voted in favor of the issuance
of said bonds; and that the Board of Aldermen is in all things
authorized to issue said bonds and to do any and all things
necessary and/or convenient in connection therewith; and,
WHEREAS, it being now determined by the Board of
Aldermen that it is not desired at this time to issue all of the
bonds in the amount of $3, 5009000-00 voted for on the proposition,
as aforesaid, and that OP000,000-00 is the amount of bonds now
desired to be issued under and pursuant to this ordinancel and
that the remaining amount of said bondsv to-wit: OOMOO.009
shall be issued at a future date or dates, when, in the judgment
of the Board of Aldermen of said City, the said amount is needed
by the City for the purpose for which it was authorized; PROVIDEDo
HOWEVER., that all of the said $395009000.00 bonds authorized at
the said election shall be, when and as the same are issued and
soldq ratably secured by such pledge of revenues and by the
terms of such mortgage or indenture and/or any supplemental
mortgage or indenture, in such manner that no one bond shall have
priority of lien over any other bond of the entire series ; and,
WHEREAS, this Board deems it advisable that said
bonds in the principal sum Of $3,000,000-00 shall be issued in
two series, that is to say -
(a) "Series l" for the principal sum Of UsOMOOO-009 with
interest rates, maturities and option of redemption, as
hereinafter stated, of which series $3519000-00 will be
used for the purpose of paying off9 refunding and can-
celling a like principal amount of the aforesaid
outstanding bonds, and $649sOOO-OO thereof will
be used for the purpose of acquiring the author-
ized waterworks improvements; and,
(b) "Series 211 for the sum of $29000, 000,00, with in-
terest rate, maturities and option of redemption
as hereinafter stated, and the said amount will be
used for the purpose of acquiring the authorized
waterworks improvements; thereforej
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE
CITY OF WICHITA FALLS9 TEXAS:
SECTION 1: Thatt in order to borrow the said sum
of THREE MILLION DOLLARS ($3,000,000-OO) t for the purpose of pay-
ing offs refunding and cancelling the existing indebtedness of
the city' s waterworks system represented by that certain series
of bonds known as "City of Wichita Falls2 Texas, Waterworks Sys-
tem Improvement Revenue Bonds, " dated October 11 1940, aggrega-
ting the principal sum of Three Hundred Fifty One Thousand Dol-
lars ($3519000-OO) s and for the purpose of purchasing additional
water powers� riparian rightst improving, enlarging2 extending
and repairing such system at a cost of Two Million Six Hundred
Forty Nine Thousand Dollars ($2t6499000,00) 9 the Board of Alder-
men of the City of Wichita Falls, Texas$ by virtue of authority
expressly conferred by the qualified electors of said Cityq at
the aforesaid elections and pursuant to the General Laws of the
State of Texas, particularly Articles 1111 et seq. 9 Revised
Civil Statutes of 19259 as amended, has determined to provide
for two series of coupon bonds9 to be designated as "CITY OF
WICHITA FALLS9 TEXAS, FIRST MORTGAGE WATERWORKS SYSTEM REVEM
31TPROVEMENT BONDS, SERIES l, tl aggregating in amount ONE MILLION
DOLURS 41,0009000.00) , and, "CITY OF WICHITA FALLS, TEXAS,
FIRST MORTGAGE WATERWORKS SYSTEM REVEM IMPROVEMENT BONDSt SERIES
aggregating in amount TWO MILLION DOLLARS ($2,000,000-OO) o pay-
able as to both principal and interest solely from the revenues
of the City' s waterworks systemo and further secured by a first
mortgage on the City' s entire waterworks system, said encumbrance
on said revenues to be an exclusive first lien on and pledge of
said revenues, after the deduction of the reasonable expenses of
operating and maintaining said waterworks system, as said expen-
ses are defined by statute and all bonds of both series are
ratably secured in such manner that no one bond shall have prior-
ity of lien over any other bond of said series. The said
$3519000-00 "City of Wichita Falls, Texas, Waterworks System
Improvement Revenue Bonds, " dated October 11 1940, bear interest
at the rates of 3% and 3-1/4% per annum; are numbered consecu-
tively from 50 to 400, both inclusive, due serially in numerical
order on April lst in each of the years 1945 to 1960, both
inclusive., but bonds numbers 273 to 400, both inclusive, are
redeemable at the option of the City, in whole or in part, on
October 1, 1955, or on any interest payment date thereafterg by
paying principal and accrued interestp and the said bonds were
authorized and issued pursuant to an election held on September 30P
1938 and an ordinance adopted by the Board of Aldermen of said
City on September 23, 1940, recorded in Ordinance Book Number 8,
and to which ordinance reference is hereby made for further
description of said indebtedness.
SECTION 2: That the bonds to be known as "CITY
OF wICHITA FALLS9 TEXAS, FIRST MORTGAGE WATERWORKS SYSTEM REVENUE
IMPROVEMENT BONDS, SERIES l, " shall be dated May ls 1944; shall
be numbered consecutively from One ( 1) to One Thousand (1000) p
both inclusive; shall be in denomination of ONE THOUSAND DOLLARS
(01, 000.00) each, aggregating ONE MILLION DOLLARS ($110009000.00) ,
and due serially in accordance with the following schedule:
BOND NUMBERS 1LkTURITY DATES AY-OUNTS
(all inclusive)
1 to 51 April 19 1945 $519000,00
52 to 104 April 11 1946 53,000-00
105 to 158 April 19 1947 549000-00
159 to 214 April 19 1948 569000.00
215 to 272 April 11 1949 58tOOO-OO
273 to 330 April 19 1950 589000-00
331 to 390 April lo 1951 60jOOO.00
391 to 450 April 1, 1952 60jOOO.00
451 to 512 April ls 1953 629000.00
513 to 576 April 19 1954 649000,00
577 to 644 April 11 1955 689000.00
645 to 712 April 19 1956 68,000.00
713 to 782 April 11 1957 70,000-00
783 to 852 April 19 1958 70,000,00
853 to 926 April 19 1959 749000-00
927 to 1000 April 19 1960 74,000-00;
provided howeverg that the said City of Wichita Falls reserves
the right to redeem said bonds numbers 645 to 1000, both inclu-
sive, in whole or in parts on October 1, 1955, or on any interest
payment date thereafter, by paying par and accrued interest;
provided$ if less than all of said bonds are redeemed on any such
date, the same shall be redeemed in inverse numerical order; and,
provided further$ at least thirty days prior to any interest pay-
ment date upon which any of said bonds are to be redeemed$ a
notice of intention, signed by the City Clerk (specifying the
serial numbers and amount of bonds to be redeemed) shall have been
published once in a newspaper of general circulation published in
the State of Texas, and shall have been filed with the MERCANTILE
NATIONAL BANK AT DALLAS9 DALIASt TRW, (the paying agent named
in each of said bonds) , and should any bond not be delivered to
the City for redemptions pursuant to such notices the same shall
cease to bear interest from and after the redemption date specified
in such notice.
provided howevert that the said City of Wichita Falls reserves
the right to redeem said bonds 451 to 2000, both inclusivet in
whole or in part, on April lt 1964, or on any interest payment
date thereafter, by paying par and accrued interest; provided, if
less than all of said bonds are redeemed on any such date, the same
shall be redeemed in inverse numerical order; andt provided furthert
at least thirty days prior to any interest payment date upon which
any of said bonds are to be redeemedt a notice of intentiont signed
by the City Clerk (specifying the serial numbers and amount of bonds
to be redeemed) shall have been published once in a newspaper of
general circulation published in the State of Texast and shall have
been filed with the MERCANTILE NATIONAL BANK AT DALLAS3, DALIASO TEXASO
(the paying agent named in each of said bonds) , and should any bond
not be delivered to the City for redemptiont pursuant to such notice,
the same shall cease to bear interest from and after the redemption
date specified in such notice.
SECTION 3-A: That the said "CITY OF WICHITA FALIS,
TEXAS, FIRST MORTGAGE WATERWORKS SYSTEM REVENUE IMPROVEVENT BONDS,
SERIES 211 shall all bear interest from date until paid at the rate
of TWO AND THREE-FOURTHS PER CENTUM (2-3/4%) per annum, such inter-
est to be evidenced by proper coupons attached to each of said bonds;
and said interest shall be payable semi-annually on April lst and
October lst in each year, the first interest payment date to be
October 19 1944.
SECTION 4: That the principal of and interest
on said series of bonds shall be payable on presentation and
surrender of bonds or proper coupons, in lawful money of the
United States of America, at MERCANTILE NATIONAL BANK AT DALIASt
DALIAS9 TEXAS.
SECTION 5: That each of said bonds shall be
signed by the Mayor, countersigned by the city Clerko and sealed
with the seal of the Cityt and the interest coupons attached to
said bonds shall be executed with the lithographed or printed fac-
simile signatures of said officers; and each bond may be registered
as to principal only by the City Clerkj at the option of the holder.
SECTION 6: That the bonds to be issued hereunder
and the coupons to be attached heretog and the Trustee' s Certificate
to be endorsed on the bonds, and Comptroller' s Certificate, are to
be substantially in the following forms, respectively, with appro-
priate omissions, insertions and variations permitted or otherwise,
as hereinafter provided:
(FORM OF BCND)
NO. $1.,000.00
UNITED STATES OF AA7,RICAq
STATE OF TEXASo
COUNTY OF WICHITA.
CITy OF WICHITA FALLS, TEXAS9 FIRST MORTGAGE
WATERWORKS SYST101 REVENUE n2ROVEKENT
BOND, SERIES 0
FOR VALUE RECEIVED9 the City of Wichita Fallso in
the County of Wichita, State of Texas, hereby acknowledges itself
indebted too and hereby promises to pay the bearer, oro if this
bond be registered as to principal, to the registered holder here-
of, as hereinafter stated, the sum of
ONE THOUSAND DOLLA-RS
($1,000.00) , on the FIRST DAY OF APRIL, 19_, in lawful money
of the United States of Americat and to pay interest thereon from
the date hereof at the rate of — PER CENTUM
per annum, payable semi-annually on April ist and
October lst in each year, first interest payment date being October 19
1944, until the principal sum shall be paid) upon the presentation
and surrender of coupons hereto appertaining as they severally be-
come due; both principal and interest shall be payable at MERCANTILE
NATIONAL BANK AT DALIASs DALIASs TEX&S2 and the said City of Wichita
Falls, Texas, is hereby held and firmly bound to apply the pledged
appropriated revenues of its Waterworks system to the prompt payment
of principal and interest of this bond at maturity, and to pay said
principal and interest as they mature.
I THIS BOND is one of the bonds issued in the aggre-
gate principal amount of THREE MILLION FIVE HUNDRED THOUSAND DOLLARS
43, 500,000-00) , under and in accordance with� and all equally
secured by an Indenture or Mortgage, or Deed of Trust, (hereinafter
referred to as the "indenture") , dated May 11 1944, given by the
City of Wichita Falls, Texass to the City National Bank in Wichita
Falls) Wichita Falls, Texass (hereinafter sometimes referred to as
the 11TRUSTEEII ) o as Trustee, wherein and whereby for the purpose of
securing the payment of all of said bondst the City has mortgaged
its entire Waterworks SVstem and the revenues to be derived from the
operation thereofs to which Indenture reference is here made for a
description of the property mortgaged and pledgeds the nature and
extent of the securityo and the rights of the holders of the said
bonds, and of the Trustee, and of the City in respect of such
security. By the terms of the said Indenture the bonds to be secured
thereby are issuable in series, which may vary as to date, amounts
date of maturity, option of redemption, rate of interest, and in
other respects as In the said Indenture provided. The principal and
interest of said bonds are payable out of the revenues of said Water-
works System pledged for that purpose, after deduction of reasonable
operation and maintenance expenses. The bonds of Series , of
which this is ones are all of like tenor and effect$ except as to
( interest rate and) * maturity, and are issued in the aggregate
The printer will omit "(interest rate and) " in printing the Series 2 bonds
principal amount of DOLLARS
for the purpose of paying off, refunding and cancelling the existing
indebtedness of the Cityts waterworks System represented by that
certain series of bonds known as "City of Wichita Falls, Texas, Water-
works System Improvement Revenue Bonds, " dated October 1, 1940, ag-
gregating the principal sum of Three Hundred Fifty one Thousand
Dollars (435loOOO-00) , and for the purpose of purchasing additional
water powersp riparian rights, improving, enlarging, extending and
repairing such system at a cost of not exceeding THREE MILLION ONE
HUNDRED FORTY NINE THOUSAND DOLLARS 33, 1499000-00) , in accordance
with the Constitution and laws of the State of Texast particularly
Articles Jill et seq. , Revised Civil Statutes of 19259 as amended,
by authority of a vote of the qualified property taxpaying voters
of said Cityq who had duly rendered their property for taxations
voting at an election held on the llth day of April, 19449 and
pursuant to an ordinance passed by the Board of Aldermen of said
City, and duly recorded in the minutes of said Board.
AS PROVIDED in the ordinance hereinabove mentionedg
the City reserves the right to redeem the bonds of this series which
mature in the years 19 to 19_9 both inclusive, in whole or
in parts on __1 19., or on any interest payment
date thereafter, by paying par and accrued interest; providedg if
less than all of said bonds are redeemed on any such datet the same
shall be redeemed in inverse numerical order; andq provided further,
at least thirty days prior to any interest payment date upon which
any of said bonds are to be redeemed, a notice of intentiont signed
by the City Clerk (specifying the serial numbers and amount of bonds
to be redeemed) shall have been published once in a newspaper of
general circulation published in the State of Texas, and shall have
been filed with the MERCANTILE NATIONAL BANK AT DALLAS, DALLAS, TEXAS,
(the paying agent named in each of said bonds) l and should any bond
not be delivered to the City for redemptions pursuant to such notice,
the same shall cease to bear interest from and after the redemption
date specified in such notice.
it is a partq by irrevocably pledging revenues of the waterworks
system of said City of Wichita Falls.
NEITHER THIS BOND nor any interest coupon appertain-
ing hereto shall be or become valid or obligatory for any purpose
unless and until this bond shall have been authenticated by the
execution of the certificate endorsed hereon by the Trustee or its
successors in trust under the Indenture.
IN TESTIMONY WHEREOF, the City of Wichita Fallss
Texas, by its Board of Aldermen, has caused this bond to be signed
by its Mayor and countersigned by its City Clerk and sealed with
the seal of said Cityl and has caused the annexed coupons to be
signed by the lithographed or printed facsimile signatures of the
Mayor and City Clerk; the date of this bondl in conformity with
the ordinance hereinabove mentioned, authorizing its issuancep
being the first day of lftti 1944-
Va-yort city -of WrEhif-a Fallsq -Texas.
COUNTERSIGNED:
City Clerkq City- of Wichitg- Fa-1-1s, Texas.
(FORM OF INTEREST COUPON)
NO* ON THE DAY OF
19
the CITY OF WICHITA FALLS9 a municipal corporation of the State
of Texas, hereby pramises to pay to the bearer, out of the funds
specified in the bond to which this coupon is attached, and in
lawful money of the United States of Americat at MERGOTILE
NATIONAL BANK AT DALTAS, DALTASO TMS, the sum of
DOLLkRS
4 said sum being _44.�monthsl interest that day
due- on "CITY Vy wjCHITA FALLS� TEXAS2 FIRST MORTGAGE WATERWORKS
SYSTEM RETMM IMPROVEIMENT BCN% SERIES dated '.,Vtj 19 1944.
Bond No.
---Gity Clerk. __Vayof; _
( "TRUSTEE'S CERTIFICATE"') .
IT IS HEREBY CERTIFI D that this borid is one of
the series of bonds described in the Trust Indenture executed
by the City of Wichita Falls , Texas, to the undersigned Trustee,
as of May 1, 1944.
CITY hATIONAL BANK IN lil'ICHITA FALLS,
WIC1iITA FALLS$ TEXAS,
Trustee ,
By
Its
(FORDI OF COMPTROLLER'S CERTIFICATE)
OFFICE OF CODIPTROLLER90
0 REGISTER NO.
STATE OF TEXAS. 0
I HEPCEBY ChRTIFY that there is on file and of
record in my office a certificate of the Attorney General of
the State of Texas, to the effect that this bond has been
examined by him as required by law, and that he finds that it
has been issued in conformity with the Constitution and laws
of the State of Texas, and that it is a valid and binding
special obligation of the City of Wichita Falls, Texas, payable
from the revenues pledged to its payment by and in the ordinance
authorizing same, and said bond has this day been registered by
me.
WITNESS MY HAND AND SEAL OF 'b,-,.Y OFFICE at Austin,
Texas, this the day of 1944.
Comptroller of Public Accounts of
the State of Texas.
( "REGISTRATION CERTIFICATE")
(No writing hereon except by the City Clerk of the City of Wichita
Falls, Texas, as Registrar) :
DATE OF FLGISTRAITION 01h W-hOSE NiZiE R�-_,`GISZERED REGISTRAR
0 City Cleri
0 0 Clerl
0 0 City Clerl
0 0 -City Clerl
0 0 City Cler.'
SECTION 7 : Tile jv_�ayor and City Clerk will iri3mediately
execute a proper Indenture or Deed of Trust, making effective the
lien on the City' s entire Waterworks System, and on the revenues
and income of such System, to pay the principal of and interest
on the entire series of THREE MILLION FIVE HUNDRED THOUSAND DOLLARS
( 4�3,500,000.00) bonds, authorized at the aforesaid election, when
and as such bonds are issued, pursuant to ordinances passed by
the Board of Aldermen, end in such Indenture the CITY NATIONAL
BANK IN WICHITA FALLS, WICHITA FALLS, TEXAS, shall be named as
Trustee ; and the said Mayor and City Clerk shall file a duly
authenticated copy of such Indenture with the City Clerk, and the
same shall also be placed of record in the Deed of Trust and
Mortgage Records of Wichita County� Texas, and of Archer
County, Texas . Among other provisions, the Indenture
shall stipulate and provide for a grant to the purchaser or pur-
chasers under any sale or foreclosure thereunder, a franchise to
operate said Waterworks Systemo and properties so purchased., for
a term of twenty ( 20) years, dating from the purchase, subject to
all laws regulating same then in force; such franchise to become
operative and effective only in the event of sale of the Water-
works System under foreclosure proceedings ; and as provided and
authorized by Section 122., of the Charter of said City, such
franchise may be terminated by ordinance at specified intervals
at the end of each five ( 5) year period from and after date of
purchase of said System and properties under foreclosure proceed-
ings. The term "specified intervals" is here construed to mean
that any ordinance adopted by the Board of Aldermen for tile purpose
of terminating such franchise shall be adopted by said Board within
one month from and after the end of each five ( 5) year period dur-
ing the existence of such twenty ( 20) year franchise, whenever the
City shall determine to acquire by condemnation or re-purchase said
System and all properties necessarily used in or conveniently use-
ful for the operation thereof; and the i,,iethod of determining the
price to be paid for said System and properties, in event condemna-
and the Trustee is hereby named and designated as the custodian of
said Special Fund ; and that to create said Special Fund a sufficient
amount of such income and revenues of said Waterworks System is
hereby irrevocably pledged and set aside, and such income and
revenues shall be at all times sufficient to pay promptly the prin-
cipal of and interest on said bonds when and as the same mature ,
on the maturity dates herein prescribed, and the City hereby cove-
nants and agrees that out of the income and revenues of its said
Waterworks System it will duly and punctually deposit the follow-
ing amounts with the Trustee and the City Clerk of said City is
hereby authorized, ordered and directed to remit such amounts in
equal monthly installments direct to the Trustee� and which de-
posits are to be held by said Trustee and applied solely to the
purposes herein stated; and such income and revenues shall be at
all times sufficient to pay promptly the following amounts in the
following years in respect of the principal of and interest on the
one Million Dollars ( 41,000,000-00) Series 1 Bonds, authorized by
this ordinance and also the principal of and interest on the
Two Million Dollars ( 42,000,000.00) Series 2 Bonds, authorized by
this ordinance ; that is to say -
(a) The following amounts in the following years in
respect of the principal of and interest on the
said $1,000,000-00 Series 1 Bonds:
INTEREST TOTAL AMOUNT
YEAR ENDING PRINCIPAL
March 31, 1945 �51,000.00 43ls375.00 082,375 .00 ,
March 31, 1946 53,000.00 2(.� �845 .00 E32)845 .00
March 31, 1947 54f000.00 262255.00 62)255,00
March 31, 1948 56,000.00 26,635.00 62)635.00
March 31p 1949 58.4000.00 24,955.00 822955.00
March 312 1950 58xOOO.00 23,215.00 81$215.00
March 310 1951 60P000.00 21�475.00 8ls475.00
March 31, 1952 60,000.00 191675,00 79,675.00
March 31, 1953 622000.00 17 ,875.00 792875.00
March 31, 1954 642000.00 15,860.00 79.0860.00
March 31, 1955 68,000.00 13,780.00 81,780.00
March 31, 1956 680000.00 11,570.00 793570.00
March 31s 1957 70,000.00 92360.00 79 ,360.00
March 31, 1958 700000.00 7 )085 .00 779085.00
March 31p 1959 749000.00 4#610.00 78,810.00
March 31, 1960 74pOOO.00 2.$405 .00 76,405.00
( b) The following amounts in the following years
in respect of the principal of and interest
on the said 42,000,000.00 Series 2 Bonds :
YEAR ENDING PRINCIPAL INTEREST TOTAL AMOUNT
March 31, 1945 0 51000.00 055,000.00 , $60;000.00
March 31) 1946 5)000.00 541862.50 � 59)862.50
March 31, 1947 51000.00 54)725.00 59 )725.00
March 31, 1948 5)000.00 54p587 .50 , 59258? .50
March 31, 1949 5 �000'.00 543450.00 60$450.00
March 31, 1950 71000.00 54,312.50 612312.50
March 31, 1951 71000.00 549120.00 61,120.00
March 31, 1952 91000.00 532927 .50 62$927 .50
March 31, 1953 91000.00 53p680.00 62)680.00
March 31, 1954 91000.00 539432.50 62$432.50
March 31) 1955 8.4000.00 53,185.00 61)185.00
March 31) 1956 101*000.00 52)965.00 62,965.00
March 31., 1957 101000.00 521690.00 621690,00
March 31) 1958 131000.00 52)415.00 65j,415 .00
March 312 1959 12$000.00 52,057 .50 641057 .50
March 31P 1960 141000.00 510727 .50 65j,727 .50
March 3111 1961 76;000.00 51$342.50 127 ,342.50
March 31, 1962 782000.00 49)252.50 1279252.50
March 31) 1963 80)000.00 47 ,107.50 127 ;107 .50
March 312 1964 839000.00 44)907 .50 127 �907 .50
March 31, 1965 85)000.00 42)625.00 1272625.00
March 31, 1966 871000.00 40;287.50 1271287.50
March 31, 1967 902000.00 37)895.00 127�895.00
March 31, 1968 92)000.00 352420.00 127 $420,00
March 31, 1969 952000.00 32,890.00 127 $890.00
March 31P 1970 971000.00 30j,277.50 127 )277 .50
March 31, 1971 1001000.00 27 )610.00 127 )610.00
March 31, 1972 103,000.00 24j860.00 1279860.00
March 31, 1973 105,000.00 22P027 .50 1272027.50
March 31, 1974 1081000.00 193,140.00 127 $140.00
March 31, 1975 1112000.00 16)170.00 127,170.00
March 31, 1976 114,,000.00 13,117.50 127 ,117 .50
Liarch 31, 1977 118)000.00 9$982.50 127,9982.50
March 312 1978 1219000.00 6$737 .50 127 )737.50
March 31, 1979 1241000.00 31410.00 1272410.00
Such total amounts shall be deposited in such Special
Fund in equal monthly installments on or before the fifteenth day of
each month; and so long as said bonds and interest coupons, or any
of said bonds or coupons, shall be outstanding and unpaid, the
Board of Aldermen of said City shall fix and maintain rates and
collect charges for the facilities and services afforded by its
Waterworks System, which will produce revenues sufficient at all
timesi
(1) To pay for all operation, maintenance, de-
preciation, replacement and betterment charges of the said Water-
works System;
(2) To establish and maintain the said "SPECIAL
WATERWORKS SYSTEM REVENUE- BOND FUND"; and,
(3) To pay all outstanding indebtedness against
Its said Waterworks Systems other than the said bonds, as and
when the same becomes due.
Any funds remaining on hand, after provision
for the maintenance and operating expenses of the Waterworks
Systems and after paying the amount required to be paid into
the "SPECIAL WATERWORKS SMTEM REVENUE BOND FUND, 11 as above
provided, may be used by the City for any other purpose per-
mitted by law.
SECTION 9: The Mayor, City Clerk and City 11anager
are hereby instructed and directed to do any and all things neces-
sary in reference to the installing and maintaining of a complete
system of records and accounts pertaining to said Systems and to
make the monies available for the payment of said revenue bonds
in the manner provided by Article 1113, Revised Civil Statutes of
1925, as amended by Chapter 1399 Acts of the Regular Session of the
Forty-Eighth Legislature; the fiscal year for the operation of such
System shall be Tanuary lst to December 31st of each year; and the
remaining part of 1944 shall constitute a fractional part of a fis-
cal year; and any purchaser of twenty five (25 ) per centum. in ag-
gregate principal amount of the bonds at the time then outstand-
ing or any holder or holders of twenty five (25) per centum of
said amount of outstanding bonds, shall have the right at all
reasonable times to inspect the System and all records, accounts
and data of the City relating thereto,
SECTION 10: That the Mayors City Clerk and the
Trustee named in the Indenture to secure payment of said bonds,
shall be and they are each hereby expressly authorized to do any
and all things necessary in respect to the issuances approval
and certifications the registration and delivery of said bonds.
SECTION 11: IT IS HEREBY DECLARED that the afore-
said ordinance is an emergency measure; that in order to improvel
enlargeq extend and repair such Waterworks System at the earliest
possible dateg there exists urgent public need for preservation
of peace, health and safety of property that this ordinance shall
take effect from and after its passageq and it is so ordained.
PASSED AND APPROVED, this the 11th day of
if
-By 1944.
ffa'yor, ity of Wich1ta Palls, Texas.
A,TTES
TTES
City lerks City of WicHita Fallso
�'�4
Texas.
(City Seal)
CERTIFICATE OF CITY CLERK
THE STATE OF TEXAS
CITY OF WICHITA FAUSA
0
COUNTY OF WICHITA. 0
I, George T. Henderson, City Clerk of the City
of Wichita Falls, Texas, DO HEREBY CERTIFY that the foregoing
is a true and correct copy of Ordinance No. I?A�,
adopted by the Board of Aldermen of said City on the 'Ith
day of ",.,q y 11 1944, at a regul ar meeting
of said Board of Aldermen, and that it has been properly en-
rolled, placed in the office of the City Clerk and approved
by the Mayor, having been recorded in Ordinance Book No.
of the Ordinance Records of said City.
WITNESS 1VTf HAND AND SEAL OF THE SAID CITY OF
WICHITA FALLS, TEXAS, this the 1'�th day of
1944.
City Cierk, City of Wichita Falls,
Texas,
( City Seal)