Ord 843 11/15/1926CRDIxi'a-.1CZ No. 843 / r I C
" T i -ALF" COUPON
'CO ljl�
01Rr1INi'1TW,,6 PROVIDING MR 'I Is, IS- V14"' ('F 'yTZ """
7 xi's, IN THL ALOUITT OF cijnt 11.=RZD FIFTY
Bcqjris OF T!11'4,� CITY OF -,IC1:1TA F,"11,5,
ni t ILED tllT riN i�li:CTION DULY CiJJZD AIND HMD
4D D01:w1W (41,50,000), C IED
0E HUN -M
:;UCH pLWOSE; PW,,3CRW IBING "'OOr BU4W- ; 1,1�vyil,G jL TAX 2A I
DQL11,R3 0100.00)0.00) V;'L'U'.".TICN OF TIYABU nol"TON mTY IN ;.3_`,ID CITY FOR VFM11FA.)M'r1VT
EVIIU, (IF IM
OF PRINCIPAL ;XID VT�,RI�ST Mi -,M1117; FIXING CTH11,R D
DEC L&RING 4UT =,"RGENCY-
,-JIERXAS1 on the 30th day of September, 1926, pursuant to notice duly
12 11iichita County, Sta'k�e
given, an election was held in the City Of I'lichits Falls' '
of Texas, for the purpose of submitting to the qualified property taxpaying
voters in said City the following proposition:
,,Shall the Board of ILlderren Of the City of
'.4chita Falls be authorized to issue bonds Of the
City of lichita Falls In the sum of one Hundred
Fifty Thousand Dollars ($150P000,00)t to mature
serially in from One (1) to forty (40) years from
the date thereof, bearing interest at the rate Of
our and three-fourths (4!�) per centM per annum,
payable semi-annuallyg for the purpose of providing
funds for the construction Of permanent street
Improvements in and for said City, and to levy a
tax sufficient to Pay the interest of said bonds
as it accrues and the principal at wturityo"
and
as shown by the canva,,a of the returns of said electiOu8s
fuly certified and returned to this Board b the Judges and Clerks thereof 9
this Board of jUdermen found and hereby declare$ of record that said election
was called and notice thereof duly given, and conducted in strict conformity
with the requirements Of law; and that there were cast at said election seven
hundred thirty-three to
733) votes, of which five hundred twenty two (522) votes
were in favor of and hundred eleven (211) votes were against the issuance
of Laid bonds; and
a lwaful majority of the qualified property taxpaying voters
voting on said proposition cast their ballots in fsvor of the issuance of said
bonds, and the issuance thereof has been duly authorizedo r4ow, Therefore,
TIE IT ORDAP 1) BY ME BOMD OF CF TFE CITY OF
TIAW'�S:
1. That there are hereby ordered and directed to be issued
the negotiable coupons bonds of said city in accordance with the form as here-
inafter set out, in the aggregate amount of One ;;unfired Fifty Thousand Dollars
N150,C00), -?,tjjch said bonds shall be designated "STIR�i'_ZT BC -N -D OF
1926, aeries No* 8", and shall be one hundred fifty (150) in number, numbered
Goa (1) to one hundred Fifty (150), both inclusive, of the denomination
from On 1926, and
of Cne Thousand Dollars ($llooO) each; shall be dated November 15,
shall become due and payable serially as follows;
BONDS mu 3"�'FSD
DATE OF I ATURITY
(Inclusive)
$2,000
hoverber
15, 1927
1 to 2
3
1,000.
15, 192B
4
1,000
15, 1929
5
1"000
15, 1930
6 to 7
2,000
15, 1931
150 1932
8
1,000
1,000
1.5, 1933
9
lo to 11
2,000
1!5, 1934
150 1936
12 to 13
2,000
2,000
tt
15, 1936
14 to 15
16 to 17
21000
15, 1937
15, 1938
le to 20
3,COO
2,000
lb, 1939
21 to 22
2,000
er
150 1940
23 to 24
27
3,000
151, 1941
2b to
28 to 30
30000
15$ 1942
15, 1943
31 to 33
3,000
3,000
rr
15, 19"
34 to 36
37 to 39
3,000
159 1945
15, 1946
40 to 42
3,000
30000
15, 1947
43 to 45
46 to 48
30000
ft
15, 1948
15, 1949
49 to 52
4,000
4$000
15, 1950
53 to 56
57 to 60
40000
15, 1951
15s 1952
61 to 64
4,000
4,000
15, 1953
65 to 68
73
50 000
15, 1954
69 to
78
5 00
1955
74 to
79 to 83
,0
50000
15, 1956
15. 1957
84 to 88
5,000
60000
15 1958
89 to 94
95 to 100
6,000
15, 1959
150 1960
101 " IM 107
7,000
7,000
15, 1961
loe to 114
7V000
»
15, 1962
115 to 121
70000
lb, 1963
122 to 128
tft 129 to 135
70000
150 1964
1.5, 1965
136 to 142
7tO00
150 1966
143 to 150
8,000
said bonds shall bear interest frM their date until paata
t the rate
s
of four and three-fourthper centum per annum, Payable s0miid annuall'y, On
the fifteenth day of ay and 14ovember of each year (except that the first
interest sr�&ll 111ature November 15th, 1927), which installments of interest to
date of maturity Of principal shall be evidenced by appropriate coupons attached
to each of said bonds, and both principal and interest Shall be payable in Cold
'tates Of Uzi-teries. Of the present standard of weight and
Coin of the United ate of New York.
4 in the Ity of Rew York, .'t
fineneso at the J.;anover IiatiOnal Bank �4
,'>ZGTICII II. ,,,,at each of said bonds, the Coupns thereto attachheed,
and the endorsements and certif icetOs the
shall be in substantially t
following forint
(Torras of Bond) 41,000.00
NO UVITED Um 11.,,,,L,'RICA
�;Vtlrll� cF TEXA3
C ITY C -F I ITA VILLS
Vi: LT 112ROViMT BOED OF 1926 LiZRIZS NO. 8
TW Falls, a
.3F
pFLB,'_;,aiTS, That the City Of
1_�.J! W' d and xistving uue nder and by virtue of the
plunicipal corporation duly entaterofe�a�as,efer
receivedoin indebtedalConstitution and laws Of th
and hereb-, promises to pay he bearer the sum Of
II.D. 192, tog -ether with interest thereon
on the Fifteenth DAY Of "Ovember, of Four and Thr0q-quarters Per Centum
from date hereof until paid, at the rate fiftenth rAy of ksy and November
(<%) Per linnumanjn
, Payable �-�Omj-ually on the mate November ths 1927;
of each year (except that the first interest sbaUe15
urof the coupons
said interest evidenced by and to be paid upon the surrender
hereto attached as they severally beccr4 due, both principal and interest pay -
d 'Aates of Ar-isrica of the present standard of
able in Gold Coin Of the UnitG ' the city of New Yorkt
weight and fineness, at the CV -ER iof said CityOf
ereditBi%VK,
aresources payment of the
;-Aate of New York:; mad the full faitht
,lichita Falls are hereby irrevocably pleded for the prompt
interest and principal of this bond,
is one of a series numbered from One (1) to c;ns !'undred
'1111L; BOND
.E Ice norxcr the construction Of
ept as to date of
Fifty (150) both inclusive, Of li date and tends(efo
maturity')* issued for the purpose of providing fu under and by virtue Of the
err the C;jty of jcllita
.mnent :street Improvements in and for seld City,
X of the .�tate of Texas, the charter of
Constitution and laws . ified property taxpaying voters voting at an
Falls, a rtajority of the qual d on the 30th day of Septeaber 19216, and pursuant
election duly and legally held ,
to an ordinance duly and regularly adopted by the Board of Alde=jen of saidCity,
� TED ijE,"ITLeD, that provision has been rade
J1 IT 0 R T4LF of W the 2tate of Texas for the levy and
as required by the ConAitution and laws
to pay the interest on said bonds as the
collection of an annual tax suffici-Ont d that all
same shall become due and to ay the principal thereof at maturity, an
acts,
conditions and things required to be done precedent to and in the isMancO of this bond have been properly done, have happened and been performed inof the
regular and, due form and time as required by the Constitutichitaionyallaq and Laws
f the i�jty of .., and that the
-tate of -exas and the City (;barter 0
including this bond does not exceed any
total indebtedness of said 01ty9
constitutional or statutory limitation'
IN IM�;',- ATE1�61111F, The (;-ity of ',=jcj-,Jta Falls, by its Board of Pldsr-
merit, iias caused t is bond. to t
eita,iy
"lrk and registered by its ciy Treasurer,vith its corporate seal impressed
annexed interest coupons to be executed by the lithographed
heracsimieon$ and the le signatures of the said Iv:eLyor and fl,,ity Clerk as of the Fifteenth Day
f
of r4overr�ber, A. D, 1926*
Count ars igned: yayor, City or ic* its Iralls, Texas
city'-Ilerk, ; icj,jits. Fa ss, Texas
Rep,istered:
City Treasurer, AcrA-Ta Falls, Texas
(rom, of coupon)
en the iflifteenth �naY Of 1�--
-T FhILS
�Ty 77 �TCITTAI'
in the ;tate �- of Texas, prom ices to pay to bearer the swift Of f'wOnty-three and
1,rice, Of the
States of j%w
75/100 Dollars ($23.75) in Gold -oin of the United �
present standard of weight and fi I neneass at the 1,janover National i3ank, in the
,city of New York, ;.1tate of New York, for interest due that day on its
dated november 15th, 1926, No._-
ayor
pity `,lerk
(Fom of certificate of Comptroller of Public
,i Xcounts to be endorsed on the back of each bond)
(I,Fi
IIIE CF T.' -l' OF PIUKIC A1000UNTS
G L. F
II.-MLIM '.'!FAT1T_!Y that t1iere is on file and of record in my office a
certificate of the j,,'ttorney Gea
nerl of the e of CtatTexas to the effect that
t!,,is bond has been examined by )aim as required by Article 619 4evised Civil
';tatutes of the 1 -tate of Texas, and that it has been issued in conformity with
the Constitution and laws of the :;tato of Texas, and that it is a valid and bind-
ing obligation upon the City of ','viclt-lita Falls, 1.1exas, and said bond has thins
day been registered by me*
41 ,
irzy bend and seal of office et 'Uatin, '11exas, an the
day of -1
Comptroller of Public Accounts of the
tsitte of Texas,
:.!IXTICN III* That each of said bonds shall be nigned by the L'Ayor and
countersigned by the City %"'lerk and registered by the Trea�urer of said City
with tl* corporate seal of said City inpressed tl%erson and each of said Interest
coupon& shall be executed by the llthofTaphed facsimile siMatures of said
ayor and City Clerk.
,=IOX IV, That to pay the interest on said bonds and create a
ol,v
sinking fund to pay the principal thereof at r-aturitY a tax of Three Cents
on each :ane 1-unered 7Dollaris ($1,00.00) valuation of taxable property in said
"ity of ichita falls, Texa< , shall be annually levied on said property and
annually assessed and collected, or so much tbereof as sbell be necessary or
in addition thereto as may be required until the said bonds and interest thereon
hays been fully paid; and that the said tax of Three vents (3�) Is here now
levied for the curT�snt year and so much thereof as shall be necessary or in
addition thareto$ as my be required is hereby levied for each succeeding year
while said bonds or any of them are outstanding, and the some shall be annually
asses -ed and collected and applied exclusively to the purpose herein stated,
"EMMCNI Vs The fact that there is an urgent public need for permanent
improvements of the streets in said City for preservation of the heatlh of the
co=unity creates an emergency and public neces.-.ity that the rules requiring
ordinances to be read on three separate days be suspended, and said rules are
hereby buspended, and this ordinance shall take effect and be in full force Xxt
from and after its passage, and it Is so ordained,
P9,30 AYD APPROVED this 25th day of October 1926.
(signed) R. So Sbapherd, Layor
J'-1,TT,ST
:
(-,!ivied) t`cBroomf City Clark
14ote: This Ordinance is of record in Ordinance Book No. 6, pages 231, to 2351
inclusive*