Ord 1108 10/5/1932 AN ORDINWCE BY T112 BOARD
Io' '3UANCE OF RT,1-F ING 113
FALL�c� AUTHORIZING' Tir OF Y'LDERMN OF T113 CITY OF WICHITA
AMOUNT OF $43oOOO.00 UND
o BEARING Oj� INTEREST, KNowg IN THE
AS "CITY OF WICHITA
"-A-LLSO T-EXASt IUFUN�ING BONDS SERIES3p " IYWsIGITATING THE BONDS TO BE
XAUXW_�M# PPZSCRIBI.Wo TH4 MATURITIES OF SAID RV- 7UN0ING BOND3, LEI VYING
A TAX TO PAY TIM PRINCIPAL jUqT-) INTSREST OF HO SAID BONDS MINTD OF CHANGIN HEW G T ORIGINAL PROVIDING TH:i,'
DESCL.11 INC,'r IX riZjERGli]NCy. 30NDS FOR TIU!, RL"FU30 ING T3CND6 0 AND
the following bonds of the '"'ty of Vii'-.11ita Yal ls have
been heretofore issued. 'N.0
and are now Outstandine oblioations of s__
to—,"rit : aid
Refunding,3 Series A, iAp000.009 mae November 1. 1932, be-
in�_-� bonds NOS. 40 to 43, inclusive; and $46urin#000-00t Maturing November
1, 1933, being bonds 47 to 5c, inclusive; Refunding Series B, $5t000.00
,maturing Novembel- 1, 19321, being bonds Nos, 53 to 57# inclusive;
1,5#000-001 maturinC November 1. 1933" being bonds Nos. 62 be 66t in-
elusive; Refunding ,::eerier Dt �500.00: maturing November 1, 1932, being
bond Igo. 12; and ` .5'
006,00j! maturing November 1 . 1933, being bond No.
14; Refunding Series 11,
`
bond No. 13; �110 1,'1,1000-00, maturing:; November 1, 1932, being
00.00, v -4
�1,:funding Serieo G, :,� ma-"rinL: November 1. 19339 being bond Na. 15;
11000-00p maturing November 1, 1932, being bonds
107 to 1111t inclusive; and 4`11#000,000
b6ins bonds Nos . 12'13 to 1,36, inclusive. maturing November 1, 1933,
--IMW'_
OR:�, B IT ()RDA.-IYED BY TIU 3OADOF t,N
I TIM"ITY OF 'kacriITA FALLS, TEXAS
(1) Tilat th3l outstanding original bonds hereinafter ;,-,et out
be and they are hereby ordered to ,)e, sur- 'endered Care and
refunded in the Of 'ice cf the Comptroller of the State of Texas ; all
ori.jnzE41 bond�c3 thus to be refunded described as 0110,ff a
C,L4. ITO. Issue (To be exchanged for refunding Series 3)
Amount Date Of Date of Bond
ME tu`rt_�'4 -=ond- MEIR12�
518 Refunding Series v5#000.00 A-0.2--
B_ 5i4i 5-1-1924 11-1-1932 53-57, Inc .
518 Refunding Series
B_ 5 % 5y000q00 5-1-1924 11-1-1933
520 Refunding 'Series62-66, Inc.
G- 5-,i-% 110000-00 5-1-1924 11-1-1932
520 Refunding Series 107-111p Inc.
G_ 5.j1j% 11000000 5-1-1924 11-1-1933
516 Refunding Series 126-136# Inc .
A- 5-j% 4#000,00 5-1-1924 11-1-1932 40-43, Inc,
516 Refunding Series
A- 5-j%'
514 Refundingr Series 4vOGOoOO 5-1-1924 11-1-1933 47-50, Inc.
F.
514 aefunding _-.Ieries 1P000,00 5-1-1924 11-1-1933 13
1000-00 5-1-1924 1-1.1-1933
515 Refunding Series 15
D- 5 %
515 RefiAnding Series 500.00 5-1-1924 11-1-1932 12
D_ 500,00 5-1-1924 11-1-1933 14
(2) That the bonds Of SE,id City to be called "City
"ichita :Falls Refunding S of
Bonds � erieq 3" be issued under and by virtue
of the laws of the State of Texas and the C?Iarter of said City in
the amount Of $43,000.00$ for the purpose of refunding a like amount
of bonds Of Said City more fully and Completely described herein
above ;
(3) That said bonds be numbered conaeou,ti-vrely from 1 to 44
inclusive ; shall be Of the denomination of $1*00C,00 each, except
bonds Nos. 2 and 24 shall be for the sum of : 500
g
ing $43,000.00, dated .00 each, aggregat_
Of 51 -,( November 1. 1932t bearing interest at the rate
per cent per annump payable Yay 1. 1933, and semi-annually
t_'dereaf ter on .%,'ay lst and Nov mbar ist
ollows : Of each year �i_nd maturint:7 gas
Refuiiding
Nos. Amount Date Due
1-2 $11,500.00 Novamber 1# 1937
2tOOO.oc It 1938
5-5 2f,000.0o it 1939
7-8 2^0.oc 1, 1940
9-10 2,000.0o it 1941
11-12 2, ' 00,00 ## lo 1942
13-14 2,000.00 1, 1943
15-15 2t000.0o 11 1944
17-18 2p000.0o it 1945
19-20 2f,000*00 n11 1946
21-22 2,000.00 it 1947
23-24 11500.00 ## 1, 1948
25-26 290co.o0
;"7-28 2o000.00 it 1949
it 19
29-30 2jO00.0o # 50
31-32 20000.00 0 it 1951
33-34 2*000.00 it 1952
35-36 2s000.00 it 1953
1, 1954
37-38
2t000 .00 If 1 , 1955
39-40 2,000.00
41-42 2tOoo.00 1
9t 195743-44 1 1
, . 957
1958
The Board of Aldermen Officially determines,
arities, set forth as nearly a uniflorm burden
declares that the mnt, finds and
of taxation throughout the term of the bond as the fin.c.;ncjP,,_,j
U
condition of the city !gill peri-,qit.
(4) That the principal and interest of said bonds shall be
payable in lawful money of the United States of America upon presenta.-
tion of bond or proper coupon at the office of Contral Hanover Bank�'
& Tru,5t Com- City in the -
itY of New York, State of Ne,,,T yor1c;
(5) ThTL+ each of said bonds shall 'be signed by
and counter-signedthe k1ayor
by the City Clerk and the corporate seal, of the
City shall be impresseri- upon of them, and thereafter registered
y
b the "ity Treasurer;;
(6) That the faceirqile signatures of the ."layor and of the
City Clerk may be printed or lithographed ijpon the cOuPOnu Of said
bonds and Shall have the same e
him. ff0c' a;l if ther htcd been signed by
(7) The form ,, d the bon shall be substantially vs follows :
�it000.00
STATES OF A"R*rCA
STATE OF TEXAs,
COLM"I"y OF WICHITA
'31TY OF "WI CHI TA ]?ALIS
REFUNDING BoRD Si,?RIBS 3
The City of qicjjjt,,j y'r_118, In the 'lounty of ,.,;jOjjjt I I State
of Texas, a municipal corporRtion duly lincorporated under the laws
of the 'ItRte of Texas, Pnd actin!7 inder I+,- special charter, for
value received, hereby promises to PZ'y 1.to .bearer hereof, on the ist
day Of November, 19._t the sum of
K23 THOUSAR") DOLLARS
"2-
in lawful money of the United so`tates Of America, with interest there-
on from date hereof the rate of 51 per cent Per annum, interest
payable lbicay 1,, 1933, and thereafter semi-annually on the let day of
November anal lst day Of 1-Kay of each year$ principal
p and interest pay-
able u,� on Presentation and surrender of bond or proper coupon at the
office of Central Hanover Bank & Trust Comp
any in the City of New York,
,-.)tate of New York; and the City of Wichita Falls is hereby held and
firmly boun,:i and its faith and credit and all real and personal prop-
erty in said city are he-reby pledi,,-,,.�d f,-,r the prompt payment of the
I-)rincipal of tais bond and the interest thereon at maturity'.
This bond is one Of a 3eries of 44 bonds numbered from I to
44, inclusive, of the denomination Of lsO00.00 each, e_xcept bonds
nuribered 2 and 24 which are for 4=0-00 each, aggregating 43,000.00
issued for the. purp,.-se of refunding, On-noellino and in lieu of certain
refunding bonds of the City Of Vlichita Palls in the identical amount
of t'y h
is issue, more fully described in the Crdinance auttiorizjnC this
Series of bonds under and by virt of the r
Constitution and Laws of the State.te' of TexasChartePof the City, the
and ursuant of an ordi-
nance passed by the Board of Aldermen, which ordinance is of record
in the Or_,Anance 11ecords of the '7ity.
The date of this bondo in conformity -,,,ii+.h the Ordinance above
me nti ned, is the 1st day of November, 1932.
IT IS Ham. BY CERTIFIED AND R_XITED that the issuance of this
bond and the series of which it is a"part is duly authorized by law
and by the Charter Of the City and that all acts# conditions and things
required to be done precedent to and in the issuance of this series of
bonds and of t1clis 'bond have beer, properly�' done and performed and have
happened in regular and due time, form and manner as required by law,
and that the total indebtedness of the C
ity of Wichita Flisg
includin,'; the entire series of bonds Of"'whioh this is onoat doesTexas not,
exceed any Charter, 1�Onstitutional or Statutory lirflitation.
of Alderm, the City Of Wichita, !alls by its Board
IN k'M"a
en has caused its corp;,rate seal to be affixed hereto and
this bond to be signed by its 114yort ,-,,nd to �)e attested by the City
Clerk and registered by the Clity Treasurers and the int-erest co,ipons
" ereto attache .1' to be execute"d by th,,, printed or lithog"raphed facsimile signatures of the Mayor and CitY Clerk$ the date last ab,ive writ-
ten.
!Layor,"
COUIMRSIGN,��M: �;!V of 'Wichita Falls , Tex.
.........
City- Treasurer,��k
Wic1llta Falls , Texas.
(8) The form (.%f coupon shall be -substantially as -,-, .,llows:
01 TIM IST DAY oF 1�cV.;:,,LM, R 19
(Or May as the ca-e may be)
the City of Wichita Yallap Texas,
of Central Hanover Bank & Trust 00 Will PRY to the bearer at the office
M.-,Pany in the City 01" New York, :.,tale
of Ne-,a York* the sun of Twenty-seven Dollars and 50/100 `,�:'27.50) in
lawful money of the United States of Amerioat being six "
est on the City of dial, a. inter-
est months
alls, 'exas, Refundin- Bond Series 3, No.
dated November 1, 1932.
,.Ayor,
uItY Clerk.
-3-
-&-cePt coupons on bonds 2 an,:F 24 s14all be for Thirtee, Dollars
and 75/100 ($13.75) .
(9) The following certi.ficato in substance shall be _,",rioted
on the back of each bond:
OFFICE OF COMPTRCiL_",,tiR
STIVIN OF T,iaAJ
I H&H&BY GZRTIFY that there is on file and of record in iky
-7fice --ertificate of the, :attorney General Of the State of Texas
to the effect that this bond"has been examined by hini as required
by la-,a and that he finds that it has been issued in conformity with
the Constitution and laws of the State of Texas, and with the J'hce-,rter
Of said City, and that it ic-, a valid and' bindin.- - obligatioyl upon the
City Of pie itT Falls* Texasp and that said bone? has t.-iis day been
registered by me.
aITIMESS my hand and seal Of Off ice at '°4uetin, Taxi: this
the day of
Comptroller of Public Accounts
Of the State of 'Texas.
(10) That to pay the interest on said bands and to create a
si.inking fun 1� suff icient to discharg u�(,- th�,m a-, maturity, a- tax of one
cent (-01� on each one hundred dollars ' valuation Of all taxable
t)-operty within the City of ,j;ichita Pr.,113* Texas , is hereby 14-.!vied
for the current year 1932, and on :ail of the taxable -'.xoperty wit,j_
in said City, and shall be assessed and colle,,,ted and that "or e!--oh
,,*hale,�hile any oe said -bonds or interest thcr,,.�on are unpaid said tax
so fixed above, together with so much in addition thereto as may he neo-
essary to pay the interest and principtal ma- turin;- thereon, is hereby
levied and ordered to be lavied; and each year .whila any of the prin-
cipal Or illterest of this issue is unpAdl , there shall be ceilcul,:ted
the rate Of tax nece satyr to Day the current interest ,and -to pay the
proporti n,,1! the princ- ipall thereof for said year, and during
each Of said yearn a tax of' and alu- the rate so found to be, necessary
shall be 1,1,viodt asse< sed and col"'actek�, for oach of said yens, and
ap
plied to the purposea name,ij and to no other
purpose.
(11) It is further or,:-ered that the Mayor of the City 31nall
be authorized to 'take and have charZ<, of' -,11 necesary r ,-.00rde pend-
ing Invest t Ion by the _'�ttorne -7 1 1 take and have
I y Generalt and shal
charge and control of the bonds herein authorized pending the approval
of the record by the A -
trney General. C>
After -the record has been ap, rove�11. by the Attorney Gen-
eral, the oon,diFi3 shall be lef�, in the care and custody of the Oomp-
troller to be surrendered by him Only when and as the holder or' tl�Le
original bonds surrenders to him In exchan.,-e a like amount of the
original i0onds with current Coupons attached, and likewise exhibits
an order to the Comptroller to deliver the refunding bond , signed
by the Ilayor. The exchange may be made in one or in sever-�,l insta11_
nent deliveries.
(13) Any and all of the Original bonds listed End des:.,ribed
in jectjon 1 hereof shall be eligible for exchanGe for any of the
refunding bonds ,; uthori_zed to be issued -hereby. The particular re-
funding bond to be exchanged from time to time shall be designated
to the Comptroller by the holder of the orieinal bonds .
(14) The fact that the pass -,Oe of this 1"'rdinance will con-
stitute a relief to tjj-, 'itY
-; ".1 L R
'O fina-nc.-2I; I burden be ng neoessar,r for
the pea3e, Safety and prosperity of the Cityo constitutes this an
emer ,,,_-ncy meoaure demandin that the rule requirin'- ordin,-_nces to
be read on three several days be hereby suspended, and this ordinance
is to take effect immediately after its passa�,ti and approval and it
is so ordered.
-4-
(15) OrdinancO NO. 1100 is hereby repealed.
1 PAS= iM AP vTRTl'D this day of o t obor p A. D.
TIJ3",T t