Ord 1322 5/20/1941 1322
ORDINANCE T�,,O
"AN ORDINANCE by the Board of Aldermen of the
City of Wichita Fallaq ',rexas, authorizing
the issuance of bonds for the principal
sum of #140,00o.0U. for the purpose of the
Impro t. enlargenent and extension of
ths waterwrks t$ygtem of said City## pres-
cribing tha forr, of bond; Interest coupon$
ard certifloato of registration; levying a
continuing direst a=UA1 ad v&1OrGm tax On
all tezable properties within the limits
of said City to pay tA* interest on such
bonds and to crests a alUing fund for the
redemption thereof* and providirg for the
as"*aasnt and collection of such tax;
emett" provisions incident and relating
to the #ub4sct and purpose of t1his ordiaRna*;
V."
and declaring an smorgetc,
wMauka, wAer and by virtue of an ordinance duly
passed and adopted by the Board of Aldermen of the City Of
Wichita yallso Texaso On the 21st day of 1�prilv 1941* an
election vas ordered to be held in said City on the 14th day
of Layv 1,�41, anQ at wtich slootion the rollowing proposition
was submitted to the qualifi" electors of said City:
wsHkU Us Board of -.Id*men of the City
of Wichita Yollso Texass be authorized to issue, the
bonds or said City in the azount Of CNE HMDRE11)
"RTy THOUSM DOLL"S (#140,000.00) 0 for the purpose
of the Improvements enlargement and extension Of the
waterworks .,:1stera of said City, under authority of
tas, Constitution and LONVIS Of the StrItS Of TOM*$, Par-
tioulwrly sMuded Section 7b of t'*Iae Obarter of the
City of Wi0bita pallso fexas; said bonds to mature
serially over a period of years not exceeding twenty
(20) years from the date thereof and to bear interest
at the rate of not "goading YOUR 11"a GO= (44) Per
annum, payabl* 0%ai--aVUU&Uy,, and levy a %ax sotiolent
to pay the annual interest and provide a sinking fund
to pay the vald bonds at maturity?"
I�W4) -�,&IxRrAs. upon oonaideration, of tWho rotur"
of said OlettiOnt the Board of Aldermen found Ulat said 0100-
+,Jqn had been conducted in the manner proscribed by laws Md
V&S in all rsspoOU legally holdg, after due and proj,,,)er notiois
as required by I**; that duo returns of said election bad been
majo by the proper offieers; that said election rosulted
favorably to the issuance of seU bonds- tkiat a majority of the
qualified elootorst voting at Said election, voted in faV6r Of
the Issuanas of said bonds* and that the Board of Pldorsmm 13
0
in all things authorized to i"Us said 'bonds and to do any and
,erewith;
all things no#ossary and/or 00VIOniont in oonneotion th
therefore*
BE IT ORDAINED By THI BOARD Or ALDL??3L&N OF T11Y,
GITy Op j�,,,1GJJJVi FALLSO TMS,0 8S f011OWS,
At to be
.1jo .11 111hat the bonds of said City#
4allod "GITy OF WlCMTA F1,,1ZS* T=--So DWROMIMT
DONWO S_V�V-,S 1941,9" be Jaaued ander and by virtue of the
Constitatlot and Law* of the ,�,tate, Of TaXeS. particularly ar.�end-
ad 60otion 15 of t1lo Crartor of aaid MtYs for the PvMP000 Of
tkLo improvements onlareement nnd extension of the W8t*n*rkx
System or said City$ in the prinallual SUM Of ONE HMRIW AND
FW?y THOULAND DOLURS (41400000000) ,
That said bonds $,hall be utimberod
one (1) to one 'Hundred and FOrty (140) . both
inclusive; shall be of the denoanation of Ohg TUDUSAND DOLIARS
(#10000.00) seah; ag A- 1rj14D11zD AND FORTY
,gregating the a=. of ON,
THOMUND DOIXARS 01400000.00) ,
TbAt said bonds $boll be d4t0d 00
15th day of ggyo 19410 and shall boeoLaa due S-ad pa-yable serially,
according to the followlag oeb*dulo:
BOND ag�" MT.M.U.Ty kA..TMI bmwww'
(All IMI"ITO)
I to 13 L'�ey 15, 1%4Z ;A3SOOC,00
14 to 26 i'ay 15 1943 134000600
27 to 39 jAay 15 19" 13600C,00
40 to 150 190 140000,00
54 to 69 15,$ 1"6 140000000
68 to al may 159 1IJ47 140000,00
82 to 95 klay 159 1948 149000,00
96 to 110 Lay 159 1949 150000000
Ill to 125 Uay 150 1950 158000 OU
126 to 140 J;'ay 150 1,251 ISO000,00
INJ That "Id bonds shall bear Interest froz:,
CTIL
. . At
date until paid at the folloging ratos per annum; that is to say:
(a) Bonds Ltimbers I to 93l both inalu-
&lye, maturing on May 15th in each ot the years 1942
to 19480 both inal"Ivet shaU beer interest at the
rate of T40 AND ONS-ROY PXR COM (20) per annum;
and,
(b) Bonds Numbers 96 to 1400 both
inclusive, maturing on May 15th In eask of the YeRrs
1949 to 19510 both incluslve$ shall bear interest at
the rate of THRRZ M CaTUM (3%) PW annUa;
such interest to be eyidenced Uy proper ooupons attaohed to each
of said bondel and said Interest shall be payable on Hav4sber 15,
1941, and semi-annually thereatter on L,�ay 15th and November 15th,
in each year.
,j%,
S.XC_n4X -5.0 � at the prinoipal and Interest of
said *srise of bonds shall be payable on proofttation and sur-
render of bonds or proper coupons$ in lawftl mofty Of the
United :jtatea of lmarioa,; at WOMANTIU XATIONkL bt-.NK AT DALLASO
D.AIJABg TW,%.3*
SNM2fi 6:1 That each Of said bonds shall be
sia" by the Mayor, aountersigned by the City ClOrks and
sealed with the seal Of the GItYs, and the interest coupons
attached to 3eld bonds shall be "seated with the liftegnphed
or printed of said officorse
�6AC
.Z&gg _I..- Tjot the form of said bonds shall be
substantially as f0114AMI
Noe awavW00000% UMTO STAM Or AbM10A9 AL00000.0
STATE OF =A66
COUNTY OF WICHITA.
GjTf OF WICHIV� PALLS TMCA-So WATER-
wORKS DaFROY&W BOND,
34iml 1941,
CM OF WICHITA 'FALLBg a munioipal oorporation of
the State of rexast a0k=mje4*os itself Indebted to and$ FOR
VALVE RECEIVEDs hereby promises to pay to bearer,, the sm of
01M THOU&4= DOLLARS
(410000,OU) t in lajqful Mousy of tho United States of Ameriou, on
the YXTTXXKTii DAY OF LAY* vith interest tkereon from the
date hereof until paid at the rate of P& C�XTW
per ann=, payable on November 15, 19410 and semi-annual-
ly thereafter oik W l5th sad November 15tho In eeoh yearg *A
presentatio3k a3ld surrender of the annexed coupons as they severally
mature,
BOTH PRINCIPAL and inte"*$ of this bond are
hereby made payable at UNwANTILS NATIONAL BAM AT DALLAS*
DAIJAS o MU,
TIM BOND is ong, of a series of one uundrod, asd
Forty (140) aerial bonds# nunbered consecutively fXVa On* (1)
to On* liundrod and Yorty (140). both inclusives, Of the 40"mi-
nation of ORB TWUSAND DOLLARS (#Is,000.00) each. aggregating
the sum of OUR HUNDRED A14D FORTY TIMUISAND DOMARS J$1400O00.U0) j'
Issued for the purpose of the japrovemento i 111 juM and exten-
sion of the Ws,�Wrworks Systm of said Gity, QvAer authority of
the Constitution and laws of the state of Twms, particularly
A*& Bastion 75 of the Charter of said City$ and pursuant to
4m ordimnee adopted by the Board of AUermen of the City of
wi0hita pal"s Twoug and duly reowted in tte MiXtUteS Of said
Boarde
IT IS IM=y cj;j-�TIFIM, RICITED MD RM?MM;M
that the issuenes of this bond, and the series of which it Is
a parto in duly authorized by lmv and by a vote of the IVAU-
:tied property taXpaying voters of the City of WiChita F&USS
Texas, voting at an election hold for that purpose within Skid
city, on the 14th day of kay, 19441 that all oats, conditions
and things roquAred to be done prosedent to and in the issuance
of this series of bonds$ and of this bond, bave boon properly
done and performed and have happened in regular and due time*
fora and manner as required by law; that aufficient and proper
provision for the levy and collection of ta"s has been made
which, vwhen oollectod# #U11 be appropriated eXelusively to the
paymont of this bond, and of the series of whiah it is a part,,
and to the payment of the interest coupons thereto aAA"04 O's
the a"* a"U become dug; and' that the total indebtedness of
said City of Wichita Falls* Te=ss including the entire series
of bonds of which this is one, does not exce0d any Constitutional
or statutory limitation.
IN YVIUO�:)'b (iNB&iZ0F. ths City Of Wi*UU 7&11'50
Tmas$ by its Board of Aldemeng hag caused this bond to be
signed by its )&ayor and oount,*rsigned by Its City Clark and
sealed with tile seal of said Gity, and the in%*V**'t COUPOUS
hereto attached t* b* executed by the lithographed or printed
fa**Wle ajgAatures or the kayor and City Clerk; and to be
dated the 15th day of 14aYs 1941,
ria-707; Mily 0? VIOEIE-a- "NaTI-S.
Texas,
COUNTERSIGNED:
-djty- Clerk, Ulty Of
Texas*
8:-i;2nQE 8: That t1he forai of interest eoupon
shall be substantially as follows:
ON THE ... DAY 07 1 ilia&
a* CITr OF WICHITA FILLS11 a nunloipal corporation of the 6tate
st Twma, boreby promises w pay to bearer,, als MCANTILE
NATIOML UAXX AT DAU.ASO DALLAS* TL'XASV the am of
DOLLARSO
in lawful money of the 'United States of America, being
monthat interest duo tLat day on the "CItil OF WICHITA 1PAL1,80
WATAMM IMPROVIUMT BOND9 SIMM 194100 dated Uy 340
ime BONA NO.
airy' au""F67411 "gin i i raw Fr"
LaZIM11 That tile followift oertificate, ab*11
be pzUtsd on the baok of each bond:
OFFI(M OF Cmdmouimo 0
1 REGISm"o;
STATE OF rSXAS* I
I matEBY CMTM that there is on file and of record
in my office a oertiftoate, of the Attorney General of the btato of
Two*, to the oft**% that this bond Us bow axamlzad by him as re-
qolved by laws and that he finds that it has boon issued in oonfor-
sity with the Coustitation, and laws of tho State of Toms, and that
It is a valid and bin&UW obligation apon said City of Wichita
Pallng Texas, and said bond lias this day be** "Sistered by me.
1UND SUL OF OFFICE at Austino Texas,,
this the _�. day of a 1"10
vUpG;1r4,r, a PUB114 TSMUET; 0?
the ftate of Toz:ase
VXIQ BE IT YU'llili ONDAINAD BY Ifith; BOARD
OF AkLD=40 OF TIL!. CIIN OF WICHJU YAlLsig ZUWt
That to pay the Interest on said bonds &ad oreato
a sinking fund sufficient to redwa tusmtt maturity, a tax of
0 049 ) on *ash one
hundred dollars# valuation of all taxable property in the City
of Wichita Fallsp Toxa*, or suah an amount es nay at all times
bo legally n000ssary, $hall be rinnuAlly levied on said property
and annually axessived and collected, or so xach theroof as shall
be nooessory, or in addition tlierato as my oe requireds until
said bonds with interest thereon have been rulla(Wid; and the
said tax of here
mw levied for the current year, and so &uch thereof as *h%U bo
wwo*sarys or Jx addition thersto as may be roquUod, Is hojoby
levist for eask stiecaading, year wLile, sai4 bondsi, or any of the^,
a" oUtStanding, and the arze shall be a=V^34 aSSonsod and ool-
lected and ap#U*d to the puwyose named.
6 'that the Mayor of said City shall be$
and he In horoby,, authorized to take axA have charge of all
mmossiary orders &M records pending investigation by the Attorn*y
Owwral of the 6tate of To=*, alld shall take end bays ahaxSe and
control of the bonds heroin authorized panding their approval by
the Attorney Gwwral and their registration by the Comptroller of
Public A000untso
ii"2241 It is hor#by declared that the aftr*-
said ordinance is an amasure; that In order to cionstruot
the ivaterworks iwPr0VQXSUt8 authorized at the aforesaid alestion
at ths, earliest possible date, there axists, urgent public as"
fft PrOSOMUOU Of p*6009 hoOlth and safety of property that this
ordina.uee stall take effeat r=jj� and after its pagsag% "d
it is so ordaine4,
PAS�AD AND APFROVWO this the 19 day of mays
Texas,
AMWT:
urry
ork V
Texas,
(seal)
GluRTIFICATE OF CITY CLFqK
THE STATE OF TE)U131
CITY OF WICHITA FALLS,
CUUNT!( OF WICHITA.
I* Z, K, Crouch, City Clerk of the City
of Wichita Fallov Texas* DO H&BBY CERTIFY that the fore-
1=
going is a true and correct copy of Ordinance No,
ado ted by the Board of Aldermen of said City on the
13th regular
day of I�Iay,, 1941, at a meeting
of said Board, and that it has been properly enrolled,
placed in the office of the City Clerk and approved a by the
Ylayor, having been recorded in Ordinance Book No,
of the Ordinance Records of said City,
20 i4ITNESS MY MND AND SEAL OF 8AID CITY,
this the day of May, 1941.
Q
0 1 ty OWE, 0 ty of Wisbita
Fallss Texas.
( City 6eal)