Ord 1039 8/11/1930 --- -------
I
Tra STATZ TMLAS
V Q�� OF I C T11T p 3.
CITY OF WICHITA V11S �
The Board of Aldermen of t C t.ty of V its?' i to z�'a�.�!d► �r
Texas* convened 1n replar meeting at the McNwial auditorium
In the City CC Wichita Va3,18 on this tbO 3.1th day of AUSU Stt,
19.30t with the following members of the Board presentg to-wit:
Walter Nelson, Jrow 1-.ayor,
I4* C. nervoy
C. two. 140cutohen,
T. He poont s r' Aldermen*
.T. N, ProthrO o t
., R. BAdlezan�, t
Thelbert Martino City Attorneyo,
D. Fairtraosr City Varagero
4'. " Uloftoomo city Clwk,,
with they f hawing members abeent, to-exit: Non+e, constituting
a quorum, at whioh time the fo aloe ing amang other business was
taransaote4
14r# LjoCutohon introduced an ordinance* ^her ordinance
was "ad in full by the City Clerko
r„ MoCu toho n made a motion that the rules requiring
ordinances to be "ad on three .separate days be suspended,, for
reasmne oontained in they emergency olauss# The motion was
seconded by Uro spoonts. The motion was carried by the following
i
vote:
AyE;`i i . Aldermen Harvey, McCutohen, Spoonts, Prothro
Uddleman
N0ZS j None►,
Mr. 3poonts made a motion that the ordinance be
passed finally« The motion was seconded by Mr# Sddle n.
,the .motion carrying with it the pas We of the ordinance Pyre:-
veiled by the following Vote:
AySS s Aldermen Harv$7 0 Uddle mane 1vothra, Spoonts
and gfotahen:
NOES: None.
The *&IcW car axon ounoed that the ordi nano a had been
finally passed* The oirdinatee as finally passed is as follows:
-MMEAK1. 1401 10
or AID]MMETI QT° THE CITY OF v TClI1TA FAILSg
TBy
ISSUANCZ or RjaNDING BOMS IN TIZ AMOWT
Or 640 000 000# IN TWO .=1 HS or 0 000 ,00
:ACC T9 Fi= 1-731M RRARI lR �STi
THE SECOND SIRIES BEARIND 4$ 1h''T CST BY
l nW,I '� TM TAB: IEV"Y Or ; I 1 M 1900 B
WIEREASO on the 2nd day of AU st o 19300 the Board
of Alderman. passed an 'ord1n an0* entitled;
I
"ORDINANGS 110„ 1037 by the Board of Aldermw
of the City ct Viohita Falls Teas author-
izing the Issuance Of Hefu d , Bi ea in the
amount off` 6409000*000 into set
Z200,000#00 eaoh the n rat series bearing
Four ad one-hag cent interest, the
coond serf on beat Me four and three-fourth
per gent interest, designating the bands to
be: rorunded, presoribing the maturities of
both series CC" Refunding Bonds, providing
the method of exabsnging the original bonds
for the Refunding Bonds* and declaring an
! rgenoy."
and
VjjjMMAs. section (43) or the ordiname contains
provision for the levying of a tax ct three and. four-tenths
(3 q) cents to pay tb9 interest on said 'bonds and to create
a sinking fund siffic te rt to discharge theme. at maturity; and
VIRSFMWt it has been determined that the tax of
tbree and four-tenths (3*41) is not suffloiont to pal the
interest and, to p4W the proportionate part of the principal
thereof for the 'ems` -1 -------- ----- ---- ---
BE IT 0RDA11ZD BY THE 13QAIID OF AIDMINE l Or TFM
ciw or rcHITA Pam.140 TEXASI
(1) That section (23) of the ordinawe passed Aueust
20 1930, autho rizIng the isomn ae of City of Wichita F"#
Texas, 17;aterworkse ilefundin Bonds#, Series, 1 4--A, $ 9 ?,000*00 t
Wo and City of wichita Falls* Texas, V:Atereorke ROfuudlug
Bonds$ Ser ee 1930«43# $320,000*00# 4; , be amended so an
hereafter to be and read as f ollcffG:
(23) That to pay the Interest on so Id bonds and to
create a se iaking ;fund sauCi lojent to disoharge them at maturity,
a tax of seven (?V) spentse on each one hundred dollarst valuation
of all taxable property within the City Of ;*johita Falls, Texas#
is hereby levied for the current year 1930, on all c t the
taxable property within sold City, and shall be assessed and
collected, and that for each yew while any of said ko�s or
interest thereon are uApai.+d said tax so fib abov+e, together
with so much in addition theme to as my be raa+essaery to pay
the interest aid principal maturing thereon, is hereby levied
and ordered to be levi eds and each year w hi l.e any ct the
principal or interest of this issue is unpal+d, these sha31 be
calculated the rate of tear ne o esawy to pay the ourreant interest
WA to pay the proportionate part of the principal thereof for
said year„ and tiuti ng each of said years a tax Of and at the
rate so found to be neoess4ry shall be levied, assessed and
collected for each cr said gears and applied to the purp080e
named, and to no other pure ore
i
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(2) The fact that the passage of this ordinsaae will
0onstitute a relief to ,he Ci.ty"e finwicial burden« being
necessary fcv the peace, safety and prosperity of the C"ity,
constitutes this an emergency measure, demand rg that the rules
recgiring ordinamee to be read at mm* than one meeting be
sue
pended, and that this ord ina a take effect i ediately from
and otter Its p+08 * and it is so ordained*
,AS= AMAppVVM this the Ilth day of Aug,at, 1930o
i Ind ,w; It Nelsom Jr Ida •orcr�
City o , a Falls,�a a, e3ae.
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