Ord 515 5/19/1924 f
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ORDINANCE NO*
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TV0,77Y FIVE THOUSAIND DOLLAR,;S
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1S M FOR TIE KRIM OF CONSTACTIM A PUBLIC BUILDING,,
TO MT; AV INCINETATORs IN' AND OR SAID CITY*
j.. r i Mrt N t 'f."..1 8TY Y. ,.,..ii WOO j 1.IR w e ":;E' LITE OP I M OF
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n v1."DR D 1 BL I MS L.,L- T 1 .;_i: OF T.A:r....B.t.r!r MI�,'i_:r Y l y KID C ET
NHER ts, HERETOFORE,s)FORE, on the 21nd day of Octobers
19LOS thie Board of :Iderraen didp by ordinance nurtr'er 327
authorize the issuance of hones in the < .rrt Of Twenty Five Thousand
Ja1lnrsi for tho purpose of constructing a public building, to wits
an incinerator$ in and for said cityp and
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TM!C�';FTISI said bonds were duly and
le -ally sold and delivered and m,e ow valid ou standing
VIVMans of the 017Y 02 WHIT F L 51 and
MWAS, It is possible to refund the auld bonds
at a lower rate of Aterazt,
therefor of refu- WC bonds maturiun seriully vnd WE,
intercat at the We of five tnj T7,1f Parcentsm A 1/2A
Por 01MUMMO
NOW, 731TWOREP A.:. W 371jIM 11 VF EMU U-J`
W : 290 OF TLC CITY 31 MIT: 00 WIN.
a7m, ON7,
That bonds of the said cityp to be danovinateds
C17Y DP WIN Q L At TEX: Sy A W, 1 PC VNis OF 19140
AMIN 11 1 be issued for tie purpose of rnfundinr bonds
harotofore issued for tho purpoae of constructing a public
buildinpp to wit: an incinerator in and for said city*
AM said benis ure Mud november is 11111'.o ,tici .,,',ovembor
11 1950 with option of rKemItion at any interest paying period
ater five years from da- a and benrinp, inter,,; t at thf.: rate of
'cree-ntiAm (6n) per annuy which said bonda uvre authorized
to be issued by ordinance rumber 327 a adopted October Q 1020*
WT&A 70,
141L BONDS chall be ,�uiab*rcd from one (1) to fifty
so inclusiver dhall be dated My 1p 1514, shall be in
tho denomination of Five Hundred ( , 5W )
Onch Md &W nnture serially vithout option oi' ;"`priorpayment
as follows:.
NWBE,RS AMOUNT MATURITY
�500 Novamber 1p 192 5
2 Boo Vovemaber ls 1926
3 500 November 1, 1927
4 & 5 1 000 Novorober 1, 1928
6 & 7 1 00.0 Noverabet 1) 1929
8 & 9 1,000 November 11 1930
10 & 11 1.,000 November Is 1931
12 & 13 1.4000 November ly 1932
14 & 15 is000 Novenb er 1, 1933
16 & 17 1000 Vovonber Is 1934
18 & 19 1,0 0 c¢ TTovey,,-..ber 1, 1935
20 & 21 1"00o Noverber 1, 1936
22 & 23 11000 Novoirlber Is 1937
24 & 25 1.,000 Novenber Is 1938
26 & 27 110010 Novenlbor 1., 1939
28 & 29 1p000 No-,jer.,.ber Is 1940
30 & 31 1.,000 Noveriber 1, 1941
52 & 33 1,00-.; Wcvenber 1., 1942
34 & 35 1$000 November 1p 11043
36 37 is000 November 1, 1944
38 & 39 is 000 Novecaber 1, 1945
40 & 41 11 00o Tiove.r-ber Is 194 6
42 & 43 11000 Nove-.- ber 1, 1947
44 & 45 1, -_00 November 1, 1948
46 & 47 1,000 Noveinber 11 1949
48 50 inclusive 11500 Novem be r 1: J.'a S,0
SUCTION 1: -,;-#
ro
shall br:;tr inte -,st at, +,',c. vn" of
�Jve and One 'Half Feroe'ntun, (S 1/2%) per
Gev'j.annualjy'# or the first rjayg of �rw y and NoverUr of
each years.
IV
of mAd 'DOTIOS shall
be payable on presentation end currender of the bor.,8:: or
proper cou*na tit, the Hanover N.vtjontI Banl�cs IlIc-a �-Ior�: City*
P", P011."INS" shall Iv sis,;naO by the Mayor*
oonntersigneel by the City jerk ante mgiatered L-y the City
Treasurer and the oorporste goal of saitz' city shall be
j,:-I- &
t)resf,ed on each of thcr, a , the fa3,.z5-rAlc;
of said Mayor end City Clerk shall be cm the
00,upors attecijed to eaoh of maid bond,*,
SATTI POt,MS Orf-,"`C ,S shall be ir substantiully
the following romi.
UNITED S'LkTES OF MRIM-
6TA' TE TEXAS
CITY OF FALLS
RL'FUNDING
BOND.
D.
NO. $500,00
The City of ';-,iChita ialls, a municipal
corporation duly incorporated under and by virtue of
the laws of the State of Texas, for value received, is
indebted to and hereby promises to pay to bearer on the
first day of November, 19 the sum of
FIVE 111UNDRED OL -,'-RS
in lawful money of the United States of lierica, with.
interest thereon from the &tte hereof, at the rate of
Five and One Half Percentum ( 5 1/2% ) per annum, payable
semi-annually on the first days of May and November of
each year.
BO'Iff Fill iCIk L IND IMTERFIST of this bond
tire hereby made payable at the Hanover N-tional Bank in
New York City, and for the prompt payment of the principal
and interest of this bond as the same shall mature, the
full faith, credit and resources of the city of Wichita
411s are hereby irrevocably pledged.
TF.I,i BOND is one of a series of bonds of
like tenor and effect, except as to maturity, .and is
issued for the purpose of refunding a like amount of
valid outstanding bonds of the City of Wichita Falls,
Texas, -Which wore issued for the purpose Of constructing
a public buildinpjo to mitj, an iinci-.,,crator i-n ancl. for
said ci-bys
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in -,iocord&noo with ordinance nwmbur 327 1 of tho City
of '. ichita Falls., adopted Octobor 22, 1920 and by xrlrtue
of an eleotion duly callad !%nd held in said (Aty on tho
12tb day of October, 1920.
B -ND Is issuo-d under and purauant to
the ConstituLion and -t.1,jo of including
-w-ionfr others Cli-tpturJ7 of 422 of tho Revisud Civil
I I U ra
,tatutes ard the Chl.rtor of L1,e (At-y �)f ,Aahita " 11u;
and puremnt to wn ,,)Ml —trxcc dttly and b r,�,�Aly ,,1-d,,ptod by
the Bmrd of Ademien .-;f said city.
IT I:" CTY1,1L141Ui 4,11ND 1"IZT• 'L4 AE
A!" that it Chia 11,1.ond should be declared
'
invalid for any reason t.%,Q holder Inoreof chall bo subro&awd
to s,,jl tivj r*--,-bt23 of t%o 111oldor op the ol-i,inal bond,
this bJ)Tid rqr iscuod to reiund.
:5.z�NVI,�D t
provision been tmdo & ro,quired by tho Constitution and
14we -li' the SUte, of 'I'oxas for that le-4-j and collection of an
annul tax sufficient to pfW tho Intarest on said bads as
the aamo shall become duo and to pay the principal thereof at
=Aurity; that t,'.,e 1je,;nd w1l',ich thir, b,,:md vas isv;uud to ref)iM
was duly :uthorizod b.-,,, a nvAjority of the qualified property
tax payin;; voters of said city and Is rk vnud subaiatin, and
outs-tandin�, obliCa-L5.?.)n of said cIV.
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all acts.. eonditions and things ruquired to 13c dow procedont
to cv.-A in tn�e isoumoo of thl"s bond have boon properly do-ne-S
�,,avo bappened and ha-vo boen pori'orw-d i.; rogular !.nd due
forza as by thv 4;--TlStitutior �:aid Laws of the ';Ulta
of Texas and by Vne City oi` t1v City of -' Ichita Falls
and that tbe total indebtedness of said city including this
bond door not excoad any cormtitutional or statutory I:Lntitution.
t:na City 0"" 71d)Ata Falls
by ItsB&ird Aldermen, h,ar, caused this bond to be sij;nad
by its Nqoro, aountvrsi�nod by its City Cleric end rcgistoro4
by its City Treasurer, vitlh its corporate seal impressed horeon
and th.9 annexed intersis-LI, co�ipona to be aKeouWd by the lithogrpahod
fae-siT,Ale signaturos of said %-yor and Gi-ty Clerk first
day of 4"IY,
i ta Fa 11 S
City Clerk.
H-tj tie asurer.
Rio Interest" coupon3 �ittaclliod t,) ead,11, zaid
bonde sb�oll be in substantially t1v followink; form:-
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NO* 13*76.
on the first day of Y'ay or Njovember, 19 S
the City of Wichita TFallss Texass promises to pay to bearer
at the ITr;.nover National Ranks New York Citys
THIRTEEW DOLLARS ANT) SEVE14TY FIVE CENTS
Vvi
bein,,, six months interesil- due 41-hat day on ':,he City Of " chita
� I
Talks Texas# -efunding, 'Bond Of 19%"1 Series D $
dated Tray is 19241: and numbered 0
Mayor
t, Clerk.
SECTI(I-1111 SEVET,
on the back of each of said bonds shall be
printed the follovring certificate;-
OFFICE OF Coyt�TROLk-,-.,R OF iUBLIC �.CC,0101i-M
OF Tll',j STLT13 OF TRXJ-,S,
I hereby certify that there is on file of record
in my office a certificate of the k"7torney General that this bond
has been examined by hip-, as required by j,rticle 619 of the Revised
Civil Statutes and that it has been issued in conformity with the
Constitution and Laws of the State of Texas and that it is a valid
and binditir obli.gution of the city of 71chita Falls and said bond
has this day been registjred by me.
8.
ML A lustins Texas#
thi's day or
Ci�('mantc of the S4�ate
of goxna*
"F
rY r50J',-'L J
ALnvTAPN OF T,.!',F CTTY OF 7-70PIT. TUS, ON to pay the
interact on said bonds ac the st:rac .,.,,d to
croote n sinkinj And sufficient to disebarge the principal
thereof at naturity, there sholl be annually levied and
there is hereby levied for the yonr 2924 a tax of.wk4
on tYn. one !,Iundred LoYar va2untion of tuxable -property
in swid city; that for the your 305 and each succeedinE,
yzar while any of anid b nde "in %otstanding and ut,ldp
thcre c', n! to compubed tn,,'.' of tlt'xp
busea or tha last approved tax rMs of said cityp will
be required to fully make# raise and produce in cadh of
sa id y8nre a sum if money nocozuary to pmy MI. BMW,
necruing wid eDming due in sM Fenr and to Irrovide a
vinkinq And siViciant to nect An ,tin�,n n, they '--tture*
and a tun at such n,',4Le ac siml I be found -econsary ( said tex
= r h 04VLmy oso p beWas htetax W0
as aforesaid) shell be invied.p us="red An collected A
esch of sold yewre and A Qo tiza other oity taxes are
levied, aazesM end collected ant the procoods from said
tax chwil be arpllc>e* to the p,,--.-po: e n'.",.ed#
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SEOUMI NIHIR,
T," f-'TIWIAWT with the holderc of tho
original bonds hervinbeAre, authorized and enoh or th=4 SO
if said refunding bonds or wy or then shout e be VAS irvW01,
for eny reason the holder or holdem thereof shall be cubro,oted
to all the rights of the holders A the orijnQ bonds rofunled
by this Is= R bonds.
SECTION YN.
TIE DACT thvt there in an urgent rmblic need ror
the refunding of the autstanAng bonds of suid city and v
reduction in the ruto or Woe in said city Pbr the prenervillon
of the health and MAre of tho eommunity cravtom an onxr cry; md
a public neaeonity tl-,wt the relo requirinE ordinwoes to bp rord
on three seperAQ Wes be onsporded W evil rulo A bore
ampendod, W this ordinance shall We effect and bc in Arve
from and Uter its passn, and it is so cronjoed.
-W
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