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Ord 1111 10/5/1932 ORD1 ANIL NO-_ 1. z ORDINANCE, BY THE BOARD 03�' ��L.� d�R �F Tx� CITY �)�' VjICkiIT.h: AUTHORIZING I, SUi VB O'd' : F'r�I$C BeNDS I TIC: FALLS, TEXAS,, IIdTBR,,3% Y-110` ' AS n C I�y Off' moiTI T OF 30,00o.00, BARING 4 3/4 �^ ��'= ��III{� BQ3�3� 8�'c�I� � 6,a DESIGNATING TRH ZCIiITA F; .L >, , TURITI- OF SlkID � F TjMING BONDS TO B.i� R"j-P ND ;O, PRESCRIBIN "� BONDS, LEVYING A TAX L AND -1 TO PAY `�H C GPRINCIPAL Ra � ORIGINAL B t� t88F4R TR BONDS, PROVIDING TIL' ITHOD OF R ?U-',DING BO DS, A10 D CLt RING 11; =s! RGBNCY. the following bonds of the City of 6johita~= Falls have been heretofore issued and are now outstanding obligations of said �si.t'.r, +0—'0Tit Series '�, "ity of Wichita Falls :street Improvement Bond Public ; its 'ells Sanitary Sewer .fond Series c'eriaenta nterlSt. being; all bear'i 4 3/4 � Building; fond Series us dated December 15, 1925, �'treet Iwprovement >eries�7, 3* bands : os. 14 , 15 and 16; December 15, 1932, being December 15, 1933, be- maturing ma.t�urin 3.000 00, dated December 15, 192 e rer Sari s 5, J!'1G ,OOO.00, dated in&,; bonds 17 , 18 and 19; Sanitary bonds 6 -to 45, in- ;i1eo amber 150 1925, maturing Dee eanber 15 , 1933, 6- 1925, .ta.�ri.n� �c�c;e�nber 15 , clusive; , 10,000.00 , dated December 15 , 1933, being; bond Nos. 46 to 55, inclusive ; Public Series 1 000.00 , dated December 13, �.425, ��t urin ; � Dec- '�`, 2 000.00, dated December 159 1925, maturing bonds 13 and 14 ; � � ember l'") , 193;'t, being b:.;nds 1S' attrq'��d?'�.��r6. 'p,/'�p�^�^� ^y ^}Y; '{T t-{� 2 {E 'iF � B.;#1 �1 �1213JJ"+A. .d+il.� .i_37. S.�ti�ij#�.t✓ ttF .��yiJ�+.�J 1�. �)3 1 T R}&ORE, HE UITY 1,2 41CHITA FALMu v T-3,Xk: (1) orij�ina.l bonds hereinafter set That the outstanding, tate of cut be: and they are: hereby ordered t�obCo�ptrol�ereofft:�Uor c�}>nce1. a.-� Lion and refunded in the officee Comptroller described e fo1- Texas; all ori�;ina.l bonds thus to be (To be exchanged for Refunding "}erica 6) untDa e of Da.t�e of Bond Bond-rd. 1►A 11 — o -- .r ------ I tur i t Y "s 663 Street Imp- 000.00 12-15-1925 12 15-1932 14-15 -16 Series 7 -4 3/4, 3, 663 street IMP. 000.00 12-15-1925 12-15--1933 17-1�s-13 Series 7 -4 3/4 v 3, 355 Sanitary Sewer Series S »4 3/4;� 10,000.00 12-15-1925 12-1J-1932 3�i-45Inc. 665 Sanitary Sewer 4 " ^� p� Op� 00p� 2 9 2 �} ^t 9 3 p �.3�`-j�^i„ee� 5 ""4 a_)/4 � 10,O�JO.�L �.�,..,.15»].92J 12..1.5�1933 46-55 662 :public Bldg. eeries 2^ •4 3/4. `% 2,000.00 12-15�-1925 li 12-35-1932 13�1 %:'=.abis Bldg 662 a_xerie:s 2 -4 3/4r 2#OOC,00 12-15�-19d 5 12-15-1933 1�-1 (�i That the bonds C)f said City to be called "City Of lYichita balls, Texas, jerfunding Bonds Series 6,11 be issued under and for b vi.rtle of the laws of the `Mate of described i xnurpose the of refundinG a of slike y city in the amount oy >01000.00 mount of bonds of sai i city more fully and completely section 1 hereof; 30, ( ) That saidb ?nds be numbered consecutively fro.+F 1 to both inclusive ; shall be of the denomintltion of r1,004.00 each, ag- �.;.. g rega.ting 14.30,000.00, dated December 15, 2.932, bearing interest at J �a the rate of 4 3/4 per cent per annum, Payable June 15, 1933, and semi-s.nnually thereafter on )ecember 15th and June l5th of each year and -maturing as follows: Nos L !)ate_ Due 1-2 2,000100 December 15, 1937 3-4 21000-00 09 1938 as 5-6 20000.00 H 1939 �1 t 1940 7-8 2tOOO.00 1941 9-10 20000.00 11-12 2*000.00 1942 13-14 2tOOG.00 1943 15-15 2t00O-O0 1944 17-18 2*OOC.00 1945 19-20 2,000.00 1946 t 1947 21-22 2t000-00 " 1948 23-24 20000.00 " 1 1949 25-26 2t000-00as a 1950 27-28 20000.00 1951 29-30 2t000-00 The Board of Aldermen officially determines, finds and . rities, set forth as nearly a t11-1, form burden declares that the -111.tu he financial J' of taxation throu�,,hout the term of the bond issue as tn. condition oif the city will permit. (4) That the principal and interest of said bond shall be payable In lawful money of the United States of Amricer upon pre- sentation of bond or proper coupon at. Central Hanover Bank & Trust 'N ,ompany at New York; (5) That each of said bonds shall be signed by the I.I.ayor and C'ountersigned b,r the City Clerk and the corporate seal -Jf the a ch of them and thereafter registered City shall be impressed upon ea by the ".,ity Treasurer. (6) That the fau-Simile, signatures of the iaayor and of the zl-',ity Clerk may be printed or lithof,,.;raphed ux,,On the coupons -.,ttached to said bonds and shall have the same effect as.i if they had been sir­ied by thee. (7) The form of the bond shall be substanti;­11Y as fOl- lows: UN,ITED STATES OF A"f-"AIGA 3TK7,iiil OF TEXAS CoUjr2y OF inC'-qITJA. climy OF VIICHITA FALLS SE 6 i�_'FUNDING BOND 9 RIT33 The City of Wichita. Falls , in the County of Wichita, )tate of Texas,, a municipal corporation duly incorporated under the d under its sPecitl cof,hart onterhe , lavjs of the State of Texast an for value received hereby promises to pay to bearer here 15th day of Deccmber, 19., the s, um o f oN-Z THCUS"D DOLLARS in lwaful money of the United States of 1,merical WWII interest t')ereon from date ,,ereof at the rate of 4 3/4 per cent per annumt inter :sit payable June 15 , 1933, and semi-annually thereafter on December 15th and June 15th of each year, principal and interest presentation and surrender of bond or proper coupon payable upon present 1-0 -e of Central Hanover Bank & Trust Company of the City at the off 0 ;_1taLte of New York and the City Of "Vic ita Falls is of New York, 0 bound and its faitn, and credit and all real -.Aereby Aeid and firmly and personal pr,)perty in said city are hereby pledged for the :_';rompt payment of tjie princijal of t'-,,is bond and the interest - I ',here at maturity. -2- 3o bonds numbered a o1r, at^ one of series of ,1.000.0 all, rep This bond Lion of c incelling and Of the deno�r1in refundingt the identi^ to 3p, inclu Div 9 or tic ;urpo e of auth- �d,C3)0.00 issued ,it of dia'�ita, Falls in ins ';�®nds� of the deac?'ine in ordin�.ncs of :".ore fully lle t- of the 311arter in lieu . frthi s issue, r�n(l pursuant Cal am s under ��nd by to of Texas ,rics of bond. he £eta. ghiah IS t t �i ori�,in�, constituU3.on and 1£-�W� of t lder�e'n ord.in�,.no the 0ity0 b the Board of � City - or an ordi!r-nc�' passed y ocords of the above of record 2n the ordinance .� e bond in con:�'o�'mity ��iti'z the ordinance The date of thi ►ceber, 192� Mentioned, ie the 15th day of r that the issuance utgorized G:� TIiI,;I k:J :��, a� art is duly , nd.itic,n' IT 13 ILIRL Y and .that all as t s , c e of which it is n: t;Le seri� of the city C3 and in the issuance of Bali bond ,by the CyLartsr done and by lad to be done precedent t been ProperlV�. wired �, bond have -for sand man- of thine rem of this due ti ae City rise c7f bonds and i s ro;ula,r and indebtedness of they thin ano have �.a.ppened F� fatal ries �3f bonds of performed b_ la ► and, t!""t th_ aired y inclua.ing the e�ztirc �eConetitut anal or n.er as red F8,11s , =e�xas'not ex€�eEd any '-'j �rter of iiichl to �1e, does ::ic= this is ©- �oa.rd ta,tutory liTnitatiOr" a.l�-s by its r...n�'. City of " is Lita r� o T 'i �`�slus�xa _� the to be a f fixed b the ,orate seal be attaoted y its mayor, nd t� nf the interest of lderrr.en has ae�a ed cca re_surer -�r liw thie bo td t be s b t1le, City printed ry and rc, ;istWred y the p ,1 ra E�f , ity 3lerk to be exe�utcd by and a ins hereto atta.chcna.turas a t'�e �a�>or b ity coup ..simile aid thedate I t ab0,1a ��`dtten. Iayors 'fir 4ry le+rs,.o city Wichita ity Tre .r 9 . Coupon c)n shall. be �ub�4ti i:�Snt as Ste.C''l~ ows A j+, 1�i`L x� .� �� ON T may b e} �' eyg+ June �, the �A�� tb.�a "oea.�'er at the of- ill Te=ya , mill pay in the city of City of .,ic hita all s r Bank Trust Dollars and the nano''- of Twenty-three ice of the central n tc>d States of t. riaa. Ot t of e'<r Yore ,he ours Aefund_ baew York, of 'UicshjtO calls, e 140 t��3.75 i in �-a4''f u�` Morley of �- 7 ,J six 3iQxatxit�' interest on� uatcd. eo Mber 15 substance Ge;rtifiG�r�t�' in` ) 'the folly ch bond % printed on th° c- back 0-" 01FIG3 OF s of record in Tp,T ciy ` � on f iie an a record of �i ,TTFY that there is neral of the. BX ne ,';t to me,� him s re ccrti irate a t- been examined by in canfox Try o :f ice a that this bond has been issued the effect he e finds that it has Texas o c:nd that ,Jred- by la r laws of the State of Texas, and with the with L , the constitution and is a valid and binding ob" IgatiOn Charter of said 11,ity, and that it and that sai,_t bond has this upon the ,ity of 'gichita -r"al'Is, Texas, day been registered 'by me. rq I i halld and seal of office at i,,a,atin, °­exas, this ny the _..� day of mptroller of pu is Accounts t)f the tate of Texas. (10) That to pay th-3 inters.--,t on said bondn and tt o crefate a sinking fund sufficient to dir�e them at niaturityo ax O three-fourths ( .0075g) cent on each one hundred doliars' valuation -,.Droperty %,jithin the lit of Wichita Falls, -7exas, is ,.-,f all taxable he taxable hereby levied for the Ourrent year 1932, and on all of tj property jqithin said City, Find Shall be assessed and col_; ec ted and that for each year while any of said bonds or iliterest IV-hereon are unpaid, s .id tax so fixed above, U-Ogether Wit" so much in addimatur- thereto as may be neoess tion ary to pay the interest and princip-cal and eac­ ing thereon, is hereby levied rind or,,Iered to be levied;0 �,st of this issue is unpaid, vear while any of the prin,-,ipn,1 or inter" I Calculated the r,,;te of tax necessri-ry to P&Y the cur- there shall be "Oportional part cif the principal 1-1here- rent interest and to pay the p- of for said year during each of said years a tax of and at the rate y shall be 1.1vieds assessed and collected for so found to be neceisar ed, and to no oth- each of said yearst and applied to th4- purpose nam er purpose It is further ordered that the Mayor of the City skjall be authorized to take ant have charge of all neoessary records pendin,r,­ investigation by the 1,ttorney General, and shall take and .F have charge and control of the, 'bonds herein auth rued pending, the approval of the record by the Attorney General. (12) !,,,fter the record has been approved by th, ",,ttolrney General, the 'bonds shah be left in the care and custody of the Comptroller to be surrendered by him only when and as the liolunt derof of the oriGinal bonds surrenders to hiln- in exohange a the the original bolids gith c-,Irrent coupons attached , and likewise eX- Aibit n order to the 13omptroller to deliver the refunding bonds 3 a kX signed by the The exch­,.,.nge may be =de in one or in several installment deliveries. (13) Any and all Of the original -bonds listed and des- cribed in !?,action 1 here,,-)f Shall be eligibIlle for exoh&nge for any of the refunding bonds autlh:-Irized to be issued hereby. The parti a c,alar refunding bond to be exchanged from tim to time shall be ptr1oller by the )-,tolder nf the oriC-,:inal bonds. designated to the Ca? (14) The fact that the pa3skRge Of this Ordi-nance Will constitute a relief to the CitIvIs financial burden, being necegsary snd pros' tile Gityt oonstitutea this for the pea0e safety , perity of �Ijea�3ure demanding that tuh,,� rule requiring ord_Inz�.naes to an emergency d. and this Ordi be read on three several days be hereby suspende nonce is t:� take effect iMMediately after its passa,,:1,-e and, approval and it is so ordered. Ordin-.nce No. 1103 J3 hereby repealed. � ? _/ J��.D. 1932. pkaSED ,,ND APPROVSD this of t ctober, 111ayor. j&pRoV'?,D AS TO FORMt City Clerk. City _httorney.