Ord 726 4/19/1926oGyj Ing ?T! 077!7LTT"N
TC)
VELLAM 7AIT IT n
o7 107IT! 3 TIE —A rY 777 =70V7-
r-TTF
ITT T-1
T
THEJ !T 0 710VAING 0,
OF ',3538 30 INTMEST TNG TINA AWATU
LWANO -M TO
AT)
M IT TOLAD OF AIDARKAT
OV TEE CITY 07 WITA 7,50, WXA:
That 4hereas the Kity of Achita
walls, Texas, is inOebtea to v. �:. cv- (,o3ii.p�an-,-T.'
a partnership composed A L. "'�- -jitham and R. A
Vitham, in the m1m of Tbirty Five Hundred Thirty
Aight and 30/100 (03538.30) 0ollarn, for improvements
done on and in connection with Tellevus ,ark in the
City of Achita Falls, Texas, the pament of 7hich Sul-.
the said !- A ;hi than n Comrany have rgrend to accent
in five installments of Seven Seven and 66/100
(A707.66) Dollars each, due j,aril 3th, 1927, 1929, 1929,
1 1930 and 1931, respectively, and have agreed to accept
five interest bearing time warrants in the a--,iolint above, and
to mature as above, same to bear interest at the Pate of
six percent per annum as evidenced by coupons attnched; and
77VA-72 the City is desirous of
acce-,,-,ting said above proposition of settlement by the
T7011FOREP 5A IT ORDAW By TTE
Cq CITY 07 10-!T� MLLT, TMS:
1.
That the proposition of L. E. 7,7hitham A Co. be and
the same is hereby accepted.
2.
That interest bearin?- time warrants
of the Git7f- Of !ichita 7 -'--ills, to be denominated City
-rr.riprovenient -arrants,
of .,I - chi ta Falls, Texas, _park
?eries of 1926-A, shall be issued in the total sum of
:'"'3538,30 numbered from one to five inclusive of the
denomination of �"�707.66 each, T),-).-.rable to L. I'ithari
comT)any, or bearer.
3.
Said %,.,rarrants shall be dated:',pril.
3th, 1926, and shall become due and tea;; able as folio',:krs:
Principal and interest shall. be pa-Yable
U-pon surrender of -,;;arrants or. proper coupons at the
10
0-11'fice of o
6.
;they shall be signed by the City Clerk,
countersir,ned by the
! jor, and -.or'�,istered by the Cit"Ir
Treasurer, a.Ladthe selal of the ("ity shall -
on each. of then; the fac slu,lile sirrnatures of th-e
and. e- ity Clerk -ciia-;T be I ith,ogra-i T -.Led u-, on the coiinons
attached to each of said ,,-rarrants.
J., aP,'c 2
1
5th,
1927
707.66
2
.',pril 5th,
1928
707.66
3
-Aril 5th,
1929
707.66
4
.
^.pril 5th,
1930
707.66
5
pr il 5th'
1931
707.66
4.
Said Funding, '..arrants
shall bear
interest
at the -rate
of six percent (6c")) per
annum, pa7able
annually on
..-nril 5th, and shall- be
evi','-Ionced. by
coupons
attached to
said fun6in�, warrants.
5.
Principal and interest shall. be pa-Yable
U-pon surrender of -,;;arrants or. proper coupons at the
10
0-11'fice of o
6.
;they shall be signed by the City Clerk,
countersir,ned by the
! jor, and -.or'�,istered by the Cit"Ir
Treasurer, a.Ladthe selal of the ("ity shall -
on each. of then; the fac slu,lile sirrnatures of th-e
and. e- ity Clerk -ciia-;T be I ith,ogra-i T -.Led u-, on the coiinons
attached to each of said ,,-rarrants.
J., aP,'c 2
7.
Said funding warrantsshall be substantially
in tie follo%*ring COM:
,,707.66
Uo.
U'l IT 02 1("
7imq
1926-A
IP'' "'ITY 01-P IJ--T1Il1 J-- ., a munici17)al
. - -.A
corporation, duly incorporated under the laws of the
State Of Texas, and acting under i2v-s "pocial Charter,,
�-novledges itself indebted and
for value received ac" 11 - U
nroinises to rg,,T -,-o bearer, on t,7,.e 5th day of
U
P at
the sum 01
-`,even Hundred ')even and 66/100 Dollars
United :,fates in lawful money of tne ited �ztates of merica,
interest- thereon at t1i.e rate of six
, (6) Percent per annum,
payal,,le .^-nril 5th, 1927, and annually thereafter on the
Vear, 1 -presentation and
5th da7T Of "'.pril of each -in1 on
surrender of proper coupons; a n d the -reasuror of
the Ci t7r of 151ails is 1-.ereby aut!J-.,o--!-Zed,, ordered
and directed to to the bearer 'nerpo� at t -,--e �-anll�
above named said -)Pincipal sum, together 1,17ith interest
thereon as it matures. in the event the sur.1 i of money
oney
evicl,enced by -'L-,J,-Lis -:parr. ant and the annexed counons shall
the srjjne s'ijall thereaftcr bear
not be, -paid at T-,,,aturity, U
interest at the rate of six per cent (6")-)- per annum, until-
fullir paid, and. in the cven-L-1 of stic,La default anii it, becomes
necessarIF' t -,-Lis T -,,arrant or of any coupons
,,T ,he holder o
attached hereto to -place the same in the 1 -ands of --n
to inSt e
attorn,,�,,y for collection or bitute siiit tl.--ereon t1CL
t T obli-ates itself n( -pro-mises to ra7
it_TO
to the holder hereof ar additional ton (Joe") por cent
as 0,tl�-or-ne-TS fees.
I
af,,,e 5.
r117?I li.:. 1IT is one of a- series of
arrants numbered consecutively -rom one to five,
inclusive, in the denomination of ''707.66 each,
a re atin� ;° 3538. 0, issued for the purpose of
the payni int of moneys due hit�larj (I'e (company,
by the city of ichita __i=w1-ls, for para,- imnrove7r_ents
upon j;ellevue-Parl,7 vlitilin "x_16 city Of 1Crlita --�,
the claims for ';1,iiC11 ';`Mere duly Ce oti=C ied7r t_' e -)--roper
officer, ap»roved a.,d allo':1ed, by t?l.6 ,3Oare" of ld.ermen
of said ter prior "'::;o the -Ir issuance, in accordance with
the Constitution and Davis o' the `:tate of Texas, end
the city (barter of t: e .'itr of '�c'_is. =all -s, and
, rsuant to an ordinance d,zly anc? leF',a ly p ,_ssed bar
t11e '3oa-rd. of Aldermen of s -:-;C_ City•
IT I`) `i:`iJ>Y i x'111 �'I. J7 ) ,CI
that all acts, conditions and thinr,s re,vuired to be
done precedent to and in the issuance of this warrant
have been properly done, hapT)ened and performed, in
regular and due time as required b -;r lavi, and that the
total in7.ebtedness of said Ci+;y, includ.in� tJ - .arrant,
does not exceed any constitutional statutorr or c'0.a-,ter
limitation, that a tax has >een levied sufficient in
amount: to provide for the payment of the rrincipal and
int;crest of this ,,rar-rant and of the :aeries of :inich it
at t1.,ir P
respective rG matL�v'itl�'SnC!. )fie fU.l�.
is a -art,
faith, cro-dit sand resources of the Cit -Crit -;0I iCY,ita
lls areh^reb , r_.ledf- ed for the punctual 1,_)a;/-1-,ant
rA
Of —Lis ',Tarrant -nd o"' the interest coupons her::to a-_.�--10-3d•
'a.11s has caused the corporate seal of said ' ity to bje
her. etO rtffixed and t'n_i s viarrant to be signed by, !-',-,s 1er�r,
countersigned by its ', ayor and re -I ster. ed by t'he
:'r easure,r, as o.i ':he � _ day Of �
19
Clty 1, er i o._ ti ze a_ .fir o._ ;lcn7 ta
'ells , Texas
"6
•
- c h
Vayar,-Ifty of - i chf!
2allsp Texas.
S.
jnlls, Texas.
The interest coupons attached to W&I
of said oarrants shall be substantially in the following
f orm:
0
ON TEE TIFTH OA'AT
OF
AWLS
19
-0
out of
The City
Treasurer
twelve (121,fl
of the
Gity of
Achita Falls, in the State of Taxes, will MY
to bearer at
in the sum of
Dollars, said sum.
being one year's interest due that day on City of
!ic>ita Mls Part Tmprovement 7arrant, 5eries 1926-A,
No. dated April Who 1926, to which this
coupon is attached and is a Vart thereof.
`717�,,-To r
9.
To pay the interest on said �-rrants as
thn same shall accrue and become due and to create
a sinking fund to discharge the principal thereof at
maturity, there shall be annually levied and there
is hereby levied for the current tax year 1926 on
each 000 valuation of taxable property in the City
of ichita _'ails, Texas, a tax of
which
tax is hereby
apportioned
and levied
out of
the
tax of
twelve (121,fl
cents authorized
to be
levied
by
the Charter of the City Of -ichita Palls for the ourpose
Are 5.
of current expenses in maintaj-ning and iro-o-i-ovin7 and
beautifyJnr, -ublio Tpar',I-s and ce-1pletopies and
L I
ir »zblic
�aj-j(
-)lay grounds JfitIjin the limits
I
, proving
of Saiity; that for tl.-,-e ,gear 1927, each succeedin!7-
year ile ant Of said Cund-ing, ,111ra--orants are out T, t'an(", inn'-,
and unprAd, thea re shall be comi-)-ated and ascertained
-,-,;bat rate of tax based upon the latest approved tax rolls
of s a irl C required U " - I P
be required to f 1111y a'�e raise
and )-t,06uce in eac,). of said. year, of. --one-,
y necessary
to all
of the
Y)i-incipf-3.1
and. interost-
as
of said
warrants
ati)rinin
7,,
,-cid
aI,
rind
tax, It s,,',.cn
i,,-,-te as
shall
be found necessary snall be levied, assessed and
collected in each of said years.
10.
,.ii ordinances and narts of ordinances in
conflict �',Tith this ordinance or any part thereof are
'-ioreb7 expresSlir repealed insofar as they conflict
herewith.
11.
The fact that there is a lr,,��r7r i.rrf-ent
-public need
for
,r�,ient of t"ne
tyle -nost-nonec.lent of -.ne a--
i-nd(,b-IL-IednesS
as
Iereinabove provided,
V,it'10-1
burdenin-o - r'.v,-
7 -,,Io.es, c.i�,eatu-os an eier,I-'encv
and pUblic necessity that, ti -is, be declared an emergency
i,,Ie,asure, as n. oter (').ei andin�,,
rovi(
Ied in ection 47 of the �Cl
;* P Oes
that the ord.c.- -n. be read on three
I-qje 7,?e(-jjj- �' M" L'
-Ioin thal I
seniratedays
be
susoonded nnd.
tnat
11-11
U -E.,
ordinance '�e
effective
and
J.n
force i,,rj1jj.edjat(eIv
from
its -passar*e, -.nd
it is so ordained.
r]_�— of
this the
. 1926.
this the day of 1926.
L D
Ta—
T
s Texas.
a7rOj 21 0� 0
i-Il'jorney,
Texasv . -, 4
,
'a3- e 13
TIME, S9&2E OF 7',Xj2`
I,
r
Gity or the
city of :;'ichita Texas, hereby certify that the
foregoing is a true, and correct copy, of the 2i2Iltes Of
a rILeet-Ing of the
hoard of -Iderr
Cita
�)n of the Cit7, of
?iehitla Falls, r'-'emas,
1926, SSoJin3
held
in the
I
of sai(") Cit,,
on
-
t"�.e
627 of
1926, SSoJin3
the
92ssa§e
of the or(l)-inance t! rein
referred to as the Sa-me -,gears of record in 7oo�---
Page et seq., of tjie of said 20a24,
and in 2002 -,;a,,,,e of- tl--,e OrJllnance 2eo022s,
v under mv land and the sea! of said
Ci -.-y this the day of 9 1926.
Cit? I 1 -1
v (',jerl� and. ex -officio Clerl,,7
of the of ?Iderliien, 'icIj'Iit!-I
.-Palls, Texas.