Ord 1321 5/20/1941 1321
awnxa= NO* 61WAN0.0"Wo*
"AN ORD11,U�.NCX by th# Nwrd of Alderman of the
City of Wichita Fallas TeXaSp authorizing
Us issuance of bonds for Uw princip&l
gum of #110,000,00,, for tA* VVXPO56 Of the
improyawnt,, onlaraMOUt and extension Of
the Airport of said 0ityj prescribing the
form of bond, interest ooupoU& and 04wtifi-
oate of registration; J#vyixkg a oontiauina
diroot annual ad valor4m tax on all tRia—b-10
propwties within the limits Of said City
to pay the interest on such bonds and to
create a sinking fun4 for the redemption
tbWoof and providing for the 91146SAMOUt
and ooli*otion Of such tax; anacting provi-
sions incident and relating to the &"J*ct
asid purpose, of this ordinance; and declaring
" exersmoy*11
WMMBA6, uncier and by virtue of an ordinance duly
pas*4 and adopted by the Board of Aldermen Of the City Of
V14M$g, pallso rWas# an the alst day of Aprils 19U* an election
wan ordered to be hold in said city on the 14th day Of UaYs 194as
and at whi*,U election the following proposition Wag Subftit%4A to
the qualified eloctors of said City:
"SMLL the Board of A.lderzan of the 01%7
of VIgU%& yaUX# Twmss U authorized to issue the
bonds of said City in the awunt of ONE 11MRED AND TEN
THOWAND DOLLARS ($.U00000,00) 0 for the purpose of the
jmprov4want, *nlargwout and extension of the Airport
of said City, under Rathority of the COUStitQUOn and
Lgws of the State of Toxesp particularly Senate Bill
No, 129 of the GWM&l LRV8 passed by the forty-seventh
Legislature at its Regular Zession. in 1941; gaJ4 bonds
to rature serially over a period of years not exceeding
twenty (20) years from the date thereof and to bear
interest at the rate of not exceeding FOUR PM CEMW
(444) per annum, payable smi-a=40,11Y's and levy a tax
sufficient to pay the annual interest &ad provid* a
sinking fund to pay the said bonds Ot m4tUritY?"
AM THMMM$1, upon oonal4eration of the returns
of said eleation, the isoard of Alderman round that said *I"-
tion had been oonduoted in the zanner presaribed ty lxw# and
w&s is all rospeots legally held,, after dus and proper notice
as required by Uw; that due returns of said eleotion had b"s
made by the proper offiaers; that said olootion resulted
favorably to the InVAaace of said bad#; that a majority of the
qualified elsolereg votjn�-
", at said oleation, voted in favor of
the issomae of said bonds; and that the Board of Aldermen is
in all things authorized to isimo said bonds and to do any and
all things n***ssary and/or cowenisat In oonnection thOrsWith's
therefore,
BE IT ORDAIM BY TO BOARD OF ALDAMZN OF THE
GITt 07 WICHITA VAUBg TKUSs all follow$:
JMZIQ*N lt- ThAt the bonds of said Gitys to be
salloa oCITr Uy VXG1aTA Ta- A30 AIRPORT =MV&ZiT HUM60
3;�RM 1942s" be Issued under and by virtue of Um Constitution
and laws of the $tat* of Texas, partiew1arly beftte Bill No. 129a
of the Qwwral JAwe passed by the Forty-se"uft Legislature at
its Regular Session In 1941, and the Charter of said City, an
amendedi) for the purpose of the imprOVMents - no " *YA
eztonsion of the Airport of said Cilkyo in 09 prinoijal XVA at
ONS MMMED AM TAN TMUWXJ) DOLIARS ($1100000*000
8J&TJ9M- -Jj That said bonds *hall be numbered
oonseoutively from One (1) to On* Hundred sad Ton (110) , both
inalusivo; shall be of the denomination of ONN THM M DOLLhRS
($1,000.0o) eaeb; aggregating the sum of ONX MUNDRID AND TEN
THOUBM DOLLM ($1100000*00) o
"M21. RAL 'fh&t s'aid bonds shall be dated Yay 158
1%10 and shall b000me due and payable serially, acoordirk3 to the
following sche4ule:
IkETURM D&M
U..VNT
1 to 9 kay 150 1942 $90000*00
10 to is vay 150 1943 90000*00
19 to 28 kay 150 19" 100000000
29 to 38 may 150 1943 100000*00
39 to 49 X&Y 15* is* U6000600
so to 60 Xay 150 1947 11*000,00
61 to 72 130 1948 120000*00
73 to May 150 1949 120000,00
ft to 97 x" 15* 1950 130000*00
98 to 110 may 15. 1951 130000000
§jQ7'jgh A,: That said bonds Ob011 UOST i%%*"*%
from date until paid at Vas following W&US POV WMM; that is
to say 40.0
(a) Bonds XNAMS I to It* botL
inclusive, maturing on I'lay 15th in each of the
years 1942 to l9as 100th inclusLVOO Mau b"M
interest at the rate of TWO AIM OKI-HIW PZR
caziTLU, (2*4) per a=um; and,,
(b) Bonds NOWS 73 to IW9 both
LWIusive, maturing on W 1$th in sash of Us
yows 1949 to 1951, both inclusivea shall *Wr
interest at the rate of 'WEE PXR COM (3%) Per
4103m;
such interest to be evidew" by proper coupons attached to each
of said bends; and said interest shall be payable on November 13,,
19418 and sami-anuually thereafter on "y 15th and November 15ths
in each year*
zi��g2ii n*t the prinsipal =A intorest of
sa1A Series of bonds shall be payable on presentation ASA SUr-
reader of bonds or proper coupons* in lawtUl xwmW Of the
"J%ed states of Arierioao at UIRGANTM MATIOXAL BkM AT DALLAS',,
DAUASo TUABo
That each of $&it b0AdS "all b* StP44
by the kayor, countersigned by the City Clerk, and Sealed with
taw g"a of t1to City* and the interest coupons attaakod to *aid
UM&S sh&JI be exo0utod with the lithegraphol or prinUA faesimil*
&jVXjW04 ot said ottiaerse
MUM It nat, the form of said bonds shall be
an follows:
NO* UNITED 6TAM Of AkUdCAg MilwW9
6TATX 'CW T=Mj
COW= (W WICHITA*
CITy OF WICEalk 1AL180 TY.V,,So AIRPORT
jj�,PrzOMLIMT HMO)# SIXISS 1%1*
CITY OF WIMaTA YALLSO a munjoipal corparat4au of
tAe State at Ttzass acknowledges Itself ind*btied to O"g FOR
VALVX JMXLM, hereby prmisos to pay to bearer,, the Sum Of
OXI THOUSAND DOLLARS
in lawful money of the United f�tateis of America* on
the YMMMTH DAY OF MAY* 19.0 vdth interest thersou from tJie
date bwftt UnUl Paid at the rate of PAR CkVTLW
per annm, pyable on NOVWM*r IS. U41, and &Mt-
a=aally thereafter on wy ]Ash and November 15tho in eath year,
on presentation and surrender of the annexed oo'APOUO 80 they
64"rally Maltureo
BO'M and interest of this bond nre her*-
by Maio poyable at KERCAPTILE NATIONAL SAUT AT DALU&j A41AI�#
TZU&*
THIt; BOND is on* of a series of one liundrwi aid
Ton (110) serial bonds, numberwi corsecatively from Une (1) to
ft. e Hundred and Ten (110) . botb, irolusivss of the daUoMiZAtiQA
of ONE THOUSIM DOLU.HS (OlsOU0,00) each, aggregaSing the ZUM
of ONX WWRED 1,ND T3X TWTXM DOLLARS ($1100000*00)o issued
for the puxpose of time improvw"ts oWArgement and *Z%Msi*u
of the Airport of said Cityp under ;1u.thority of the Constitution
and Ums of ths Stete of Zaxass particularly 69nato Bill No. 1,29t
of th* General Liews YK49,04 by the Forty-seventh Legislature at
its Regular Session in 19Uo and the Charter of said City* as
amendeds, and pursuant to an ordlaftWo adopted by the Board of
Aldermen of the City of WI4b1U Falls# '1104ass am' duly ro"Y4*4
in the kinu.Us of said Bo&rto
IT 13 HERMY CMT371M# RXCXTED AND RUMUTED
that the issuance of this bond, and the series Or Which it is
a p",%# is duly authorized by law and by a vote Of U10 Aualifisd
property jxxpaying votern of the City Of Wichita Fallso T &80
voting at an elestion hold for that purpOse w1*1U said Gity on
the l4th day or 1941; that all not*, oonditions iqnd things
required to be done precedent to and in th(s issuance of this
oortee of bondsp, and of this bond* have been properly done and
porfamod and b^V* Japponod in ro��ular and, due times tom and
manner an required by low; tilat sufficient and proper provision
for the levy and collection Of taxes hW$ been =40 V&10h* when
oolloateds, shall be appropriated oxelsoftely to the paysumt of
this bonds and of the serios of which it is n parts end to the
payment of the int*ros% coupons thereto amazed as the NMO
shall boom* due; and th*t the total iAd*bt"A**$ Of Old City
of Wi*hjt& jallso Texas, includIng tho entire series of bonds
of wiliah this Is one, does not mweed any constitutional or
statutory lWt*U*Uo
114 W12HUbb 144H&Swo the City of wiaut;& ralls$
T4M4# bY Its Board of Ald*zamt k" "W" this bond to be
414KOA bY its Mayor and 00"tersiaod by its City Clork and
$04od with the seal of said city# *JMd the intOrSet 00upons
hWs%* attaohea to be executed by the litbogmph*d or printed
ta*slmil* BLOM 09 Of thS Mayor and Citr Olork; wid to be
dated the 15th day of may,, 1941.
y ohlu-
Tax"*
COUNTERU(MAD;
Marko- -CLV"-or wri"J I sa
rolls, Texas,
SECTION 8; That the form of interest coupon
shall be substantially as follows:
NO. ON THE DAY OF
19-- - ��
the CITY OF WICHITA FAUS, a municipal corporation of the State
of Texas, hereby promises to pay to bearer, at MERCANTILE
NATIONAL BANK AT DAUAS9 DALLA60 T=Sx the sum of
- - - - - - - - - - - - - DOLLARS,
in lawful money of the United States of Imerioa, being
months' interest due that day on the "CITY OF WICHITA FALLSO
T.P=S, AIRPORT BIPROVEMENT BONDO SERIBS 1941," dated Lay 15s 1941.
Bond No.
City 0 erk. Mayor*
SECTION 9: That the following certificate shall be
printed on the back of each bond:
OFFICE OF COATTROLLER, j
0 REGIST&R NO*
STATE OF TEXASe I
I HLiREBY CMTIFY that there is on file and of record
in Lay office a certificate of the Attorney General of the State of
Texas, to the effect that this bond has been examined by him as re-
quired by law, and that he finds that it has been issued in eonfor-
mity with the Constitution and laws of the State of Texas# and that
it is a valid and binding obligation upon the City of Wichita Falls,
Texas) and said bond has this day been registered by me*
WITNESS MY HAND AND UIAL OF OFFICE at Austin, Texas,
this the day of 0 1941.
oomptrMer of Publ10 Accounts of
the State of Texas,
SECTIOh 10: BE IT MITHER ORDAINED BY ME BOARD
OF ALDakEK OF ME CITY OF V�ICBITA FALLS9 MAS:
That to pay the interest on said bonds and create
a sinking fund sufficient to redeem ther. at maturity, a tax of
*044U
) on each one
hundred dollers' vealuation of all taxable property in the City
of Wichita Fallso Texas, or such an amount as may at all times
be le3811y necessFary, shall. be annually levied on said property
and annually assessed Eind collected, or so much thereof as shall
be necessary, or in addition thereto as may be required, until
said bonds with interest thereon have been fully paid ; and the
said tax of ( *04468 ) is here
ncw levied for the current year, and so much thereof as shall be
necessary, or in addition thereto as may be required, is hereby
levied for each succeeding year while said bonds, or any of them,
are outstanding, and the same shall be annually assessed and col-
leoted and applied to the purpose named*
SWTION 11: That the kayor of said City shall be,
and he is hereby, authorized to take and have charge of all
necessary orders and records pending investigation by the Attorney
General of the State of Texas, and shall take and have charge and
control of the bonds herein authorized pending their approval by
the Attorney General and their registration by -the Comptroller of
Public ficcountso
SJVTION 12: It is hereby declared that the afore-
said ordinance is an eciereoncy measure; that in order to construct
the airport improvements authorized at the aforesaid election at
the earliest possible date, there exists urgent public need for
preservation of peace, health and safety of property that this ordi-
nance shall take effect froju and after its passage, and it is
so ordained.
PAS-'jED AND APPROIRD, this the � 19th daY of May,
19410
kayorp CitY o? WicFilta FalIs,
Texas,
ATTEST:
Uity Clerk, City of Wahlta Falls,
Texas,
(City Seal)
CMTIFICATE OF CITY CLMK
THE STATE OF TEV-St
CITY OF WICHITA FALI.Sj
COUNTY OF IWICHITA.
Is J, H. Crouch, City Clark of the City
of Wichita Falls, Texas, DO HERIMY CERTIFY that the
foregoing is a true and correct copy of Ordinance No,
1=1. adopted by the Board of Aldermen of said City on
the 19 day of L�ay, 1941, at a rogular meeting
of said Board of Aldermen, and that it has been properly
enrolled, placed in the office of the City Clerk and
approved by the myor, having been recorded in Ordinanoo
Book No. j of the Ordinance Records of said City,
WITNX,6S kY HAND P�TND -�ZAL OF THE akID CITY
OF WICHITA FALLLt vo&�Li$ this the 20 day of Ilay, 1941#
6--'Uty ClerY city or Wiehita
Falls, Texas*
(City '-eal)