Ord 1112 10/5/1932 CRDINANCE N0«..�
d C� LOIN;ITC ITCE BY THE I3OAR13�` F ;= ' c N 1 TIE], CITY OF Wl 'HIml'
I3Z C 0 IN THE
` , T `3, AUTHORIZING TH,3 I SUAXC.� 0 R -FUN ING "OVDCIT , OF VIICHITA
.j`ALLS, 'T� x,- R FUNDING BONDS S"RILS "!�� c�l�Z(�bT1�TING THi� BONDS 's
RE-F-3SD�D, PI CRI.SING `TH:., 1ATURITIES 1
� { BQIB
33
RO-
LEVYING A TAX TO PAY T PP>I'C j ORIGINAL
j IN�T&RtA 30 ' ;a�A�"H I --j ID BONDS �NG
VIDING Tz :'-t THOD O Gf1_..,�WIN
30NDS, 1,10 I)SOLARING AN X=RGw GX.
� ad AS the following bonds ,f the City of u1ichita Falls
have been heretofore issued and are now outstanding obligati,;-ns of
said City, to-slit
City �!f i`i.chita falls fjefand.ing General improvement Bonds
dy.tet. February 15, 1928, bearing 4 - per cent interest;
,series i, bonds a and 9; �:nd
� 2,000.00 maturing February 15 , l �;'�3, being,
w,000.00 m t rin :' I'ebruary 15, 1-934, beir;; bonds 10, 11 and 12.
And whereas , the Board of .�ldj. rtmentOf tile City of
interest �c� the said
Falls, Texas , considers it advisaole an
city th,,t near bonds be; isoued�ud�;onhereinafterth describeh and d c the City
ire lie.. of the outstanding bonds
pf p pi'['b'(�
-I k c„ RDAIL'YSD HY �.e'a B("ARD r.'.'.C� .hk1�,iJs13..
Yr4�! d3�+iHT��.�'r0M2 * tN.trSt., I`.TTEXAS:
OF
(1) That the outstanding original bonds hereinafter set out
be and they are hereby ordered to be
ssurrendered
for the cs ncStatel at TBn
and r=.fanded in the office of theComptroller
11 ear2 ;insl bonds h s to 'ue ref_znde �_ described. as follows:
(To be exchanged fC.r ,; fu.nding ';>er es 7)
�n.t � -C t e of 29.!
- ju:a.turin k> nc, ;at,.. rit`.
966 kjefunding Gen.
Imp. Series 1, 3-9
20000.00 2-15-1928 2-15-1933
40
966 riefundin*; Gen.
Imp. Series 19 3,000.00 2-15-1928 2-15-1934 19-11-1.2
4'�-%
That
., ..} ,j "City of �w�ichita
(cr) ,LLLat t�.1: C)T1dS3 Of F3�.�.dot/j-EIftt�'�Iw�.F.:3�3TIEid�uTldk°i3"tU`�.n�l b.�
Fells, :xas , Refunding fonds series 7r �;.
arter Of v:rtue of the l{:Ws of the �' xetheurpose of Texas noi�refundir salikei amount
in the arae,unt of .000.00
of bonds of said city :ore fully and conpletely described in Oec:tion
1 hereof.
(3) That said bonds be numbered consecutively from, l to 4
i lc:lusive ; shall be of th> denomination of $1 0000,00 each, aggregat-
in 1erest at the rate
5,000 00 , dated I'ebru,ry payable 1u, ust933, b15, 1933r,t€�.nd semi-annually
of 4- per cent per annum, pay c cMa,c;h year, and matur-
thereaf ter on February 15th and ju=. ust l5tr�.
ink; as follows%
Na s. t�m---huntRat
_ r""-._
..,
i "1,000.00 February 15, 1.937
1,000.00 It 1938
2 :t 1.939
3 10000.00 £gs
10000.00 `1 3 1940
4 tt " 1941
5 1,0Ca0.00 7
The Board of Aldermen off joiLlly determines, f It-ids and de-
set forth as nearly a uniform burden
Glares thtnt the m"uritiess f the bond is,.-,ue the fjnanciAl
hout the term 0
,)f tfm, ,,,�_tion throug
eonditioU Of the city -jill permit.
(4) That the princip4l and interest of said bonds shall boy
1 money of the United Stateg of ,Imerioa upon pro-
payable in lawfu at 'Central llanOvOr 'Bank & Trus,'
sentation of bnnd or proper coupon
in ,jje-a York;
+ eLah of said bonds 311all be aigned by the "year
-ilha. jity Clerk and the corporate 8081 Of the
lountarsigned by the v -egistered_nd - i' . V
City shall be im- each of them rmd therpa"te;�
pressed apon
,:y the CJ.ty Treasurer.
(6) That the faO_simjl0 signature of the uayor and of the
jjty Clerk may be printed or iithographed upon the 00upow �tttaoh-
jad been
eed. to said bonds and shall have' the sane effect as if the y
ei�-Ined by them.
( The or of th"_ bond 8�,mll be substantially f 0110-afl :
7)
UNIT',�D STV118 ("i AMV'1CJ%
s s TATS OF TEX&S
JUNTY OF wIGHITA
"JI I T Y C� wICHITA FALLS
'G B01TD , 'RIES 7.
Mae pity Wichita Yalls, in the Coan.-ty of Wichita% ,'.)tate
of & w Texas* u#10ipal oorpor&tjon duly incorporated under th , laws
and acting under its special obartar, 1"or
of the State Of to pay to bearer hereoft on the 15th
valu6 received hereby promises
day of Yebruary, 19 the sum, of
XD DOLL�03
United Stat0s of Juwrioaj With inter,,tat the.&.e-
in law.-if money Of the f 44i per cent per anAUM, interest
0111 from date hereof ,:*V the rate 0
payable August 1,) th 19339 semi-annually thare4�,_fter on Yebruary
I interest peyab-le
15th "nd ,,-j,,gust 15th of each year, principal FU"d , -L
nder of band or ;';roper coupon at the of
upon ..�resentatjon and wirrs ity of New York9
five 0 Central nanover 3ank & Trust Company of the
am
-f
State of 1jew York an", the City of 'ale"ita vialls is hereby hold and
firmly bound and iUa faith and credit and all real j-_-.nd persowfl the prop-
erty in said city are Itereby pledged for the PkOmPt p&.vment o
prinaipal ;')f this bond and the in�._Iereat thereon at maturity.
, om I
This bond is one of a se ries of 5 bonds nurq bered gating to
5, inclunivet of the denomination of v31000-00 "Oh, 1) V
se of refunding,, cancelling and In
,,5,000,00 issued for ti,.e purpo ichita Falls in the identical
lieu of certain bands of the City Of W
m ibed in ordinance autaorizini�7
amount of this ia- Slae , fully desor
t,.,,J,a c d by virtue of thO Charter of the City*
,f bonds under an e of nexas and pursuant .;o an ordi-
of the Stator ecord
Constitution and lavrg ten w3aiah ordinance is of r
nance passed by the 13oard of Aldern
li.n the "I'dinance ire:cards of the City-
The date of this bond in aonformitY -,.'Vith the or-_-'Jnance
above menLioned, is the 15th day of Yebruaryt 1933- r
'IT a URABy G;':AATj_,11AD A14D juGITID thot the issuance 'J4
thJ3. bond and the series of -ghich it is a rar pt is duly authori"zed
by law and by the Charter of the Cityand 'that all aots* coadi-
tions and t1plim_�,s required to be done precedent to and in the is-
tl,lis bond have been properly
suanot of this series of bonds and of �plar and due timel, form
done and performed and haVO bakPsned in re, f
t.nd manner as required by and that the total indebtedness 0
-required
Texast inoludingg the entire series of
the City Of Constita-
i
bonds olC wkich Viis is one, doee not ezceed any A
,,tatuto,.y limit-.+ ion.
"ional or
-2.
1 3"" Vile City of Wicklita Falls by its 'Board
jl,%,! WIVIE - orpr,rate seal to be affixed 'eretc and this
of Aldermen oaused its 0
bond to be signed by its ..ayor, and t�; be atteste by the City 'Clerk
and registered by the City 'I'reaslurert and the interest coupons here-
to attached to be exeouted by the printed or 14 thographed fac-simile
signatures of the Mayor and City Clerk, as of the date last above
-aritten.
Za�0,r—, C y of
Texas .
REGIST �' D:
city Clerk*
City Treasurer, City of �0�
City
ichita
Falls, Texas.
(8) The form of the coupon shall be substantizallY as fol-
lows
�,E BRU",_Y 19
_N THE, 15TH DAY OF r
(or .ugust as the case may be7—
'�al 18, Texas, will pay to the bearer at the of
the City Of Viichitl_` -1
fire of the Central Hanover Bank & Tr n.gust Con,Iany in the City of New
York, State of SSW York the s,-,Im of Twenty-two Dollars and 50/100
United States of imerioa being six
',,",,22.50) in 1&wful money of the "exast Refunding Bondt
months' interest cn City of Wichita Fallso 'L
aeries ? , 3
1 dated February 15th, 1933.
Mayor.
,j.ty Clerk.
(9) The f ;11011'ingr certifjoate in substp�nce sj_,all be print-
ed on the back O-F each bond!
I
STAII'S OF n�XAIS
I i-LIII3BY CEhTIFY that there is on file ,_,nd of record in my
I
office a certificate Of the _j-
torney General of the 3tate of
x
to the effect that this bond has been e r:mined by him as required_
by lajv and th-at he finds thet it has been issued in conformity
1,
,pith the Constitution and laws Of theta.,.e of Texas, anci -vvith the
-!3 valid and binding, obliga-
Charter of z s ,�id City, ar-d that it is R
,rexas, and that said bond has
tion upon the City Of 'Wichita Palls,
this day been registered by me.
,11TITE.-s my hand and seal of office at z uotin, Texas, this
-the � day of 193 .
OrMptroller of rl 7,-To—c'"oun t
of the State of Texas.
(10) That to pay the interest on said bonds and to create
a sinking fund sufficient to discharge them at maturity, a tax Of
tNgo-tenths cent (.002) on each one hundred dollars' valuation of
all taxable property within the City of Wic"'Ata Falls , Texataxable
g, is
hereby levied for the current year 1932, and on all of the
pro erty •mithin said City, ,nd shall be assessed and collected and
that for each year while any of said bonds or interest thereon are
anpaid, id. 80 -fixed ab,)vel, together -aith so much in addition
sa tax
theret'. as may be necessary to pay the interest principal matur-
wl ll
ing ther,,.on, is i A ereby levied and ordered to be levied; and each
-3-
year while a,ny of the principal or interest of this issue is unpaid,
there shall 1ja calculated the rate of tax necessary to pay the our-
rent interest and to pajy the proportional pa.,rt o1- the principal
thereof for said year and during each of said years a taX Of and at
the rate so found to be necessary aInali be assessed and col-
looted for each of said yearsq and -eqpplied to the purl-dose nr,-)Medo
and to no other purpose.
(11) It is further ordered that the h,Layor of the City
shall be authorized to take and :.ave clinrge of all necessary reol,,rds
pending investigation by the ,ttorney Generalo and shall -take and
have charge a Cie and control of t.' bonds herein auth_ori�,ed pending the
approval of the ro-cord b;,- the ,,ttorney 'eneral.
(12) After the record lrias been approved by the a=ttorney
General,, the bonds uhall be left in the care and custody of the
Comptroller to be suryendered by -him only when and as the holder of
the :-ridinal bonds surrenders to him in exchange a like amount of
the original bonds with curl,ent coupons attached, and likeaise ex-
hibits an (:arder to the Comptroller to dioliver the refunding- bonds
signed by the li'ayor. The exchange may be made in one or in several
installment deliveries,
I
k13) Any and all of the original bonds listed and des-
cirzbed in -,ection I hereof shall be eli;;ible for exchange for any
of the refunding bond-.,; t.utliorized to be issued hereby. The pass t'i-
oular re-fundlrv- bond to be ex�chc_iged fronn time to time shall be
' t�
designated to the Jomptroller 'by the holder of the ori�-final bonds.
4 ' The fact that the Pass,--,-e of this Ordinance will
constitute a relief to the City's financial burden, being necesst.ry
for the peace, safety and prosperity of the '4"ity. constitutes this
erin.er L,cncy zteature demanding that the rule requiring ordinances
to be read on three several dw,,y;7 b I e Liereby suspended, and this
Ordinance is to take effect immediately fter its pazs&6e and ap-
proval and it is so ordered.
(15) Ordinance No. 1104 is hereby repealed.
PASS-&D A1FD APPROVLD thin
day of octoberl, A.D, 1913,2.
Mayor.
ATI'11�ST
APPROVED AS TO FOILY;
City Clerk,
City Attorney.