Ord 514 5/19/1924 r'
" � Oa�,`.1T.1`,fC; tf `jT0Ri I�fia w'�iE iss;iV',r;�CL v
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1 'I ?�•'i) V i°! j t a' 1' 5 L F 7 :. N ,y
OF SEVENTY FIVE THOUS.ZID DOLLARS
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i Rl�'C, yER.IhL l Ys i ..i�F G� I:' ± _ R:; T.. i't5�' OF F
LNTIUM (5 1/2 ) Ph tLL Ski:I+
1Lk EFIR 1 OF ';E}'>Rj FOR THE
FUTIPOS.':: 0 'R :F,";',DII;f LIi'r1, a i O' I-001 S OF S. .II CITY
,Sn FOR TE ,-U POS"s' OI' CONSTRUCTI71iG A PUBLIC BUILDITW.-,
TO WIT.* 1,DDITIONS 'I10 111,1D MUAIRS TO CITY HOSPITIL., IN
IM FOR SUD CITY'
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I-J_TDRED DOL.Lid-ZS Lt,>.r!IOt OF T x.:Y t,'. 1103:`ER`fY ix; S-ID CITY
TO 1',",Y +h�' T— ER 'T .:;1 SP1" E NDS LLD
TO CR`=,.T I, ST;KIDJG; FUND St'F'cICIE?'i i' TOP J",T `d T11 I Mj.`*DJRITY."
,MT R' A.Ss i ERYPOPORE' on the 2;-nd day of Octobers
1920p this il)oard of 1.1dermen dids by ordinance number 329 y
authorize the issuance of bonds in the sum of Seventy Five Thousand
Dollarss for the purpose of constructing a public buildings
to wits additions to and repairs to city hospitals in and
for said citys and
1
WFPREASv THEREAFTER: said bonds were duly and
legally sold and delivered and are now valid outstanding
obligations of the CITY OF VVICHITA FULSj and
wl,MEREASy it is possible to refund the said bonds
at a lower rate of interest by the issuance and exchange
therefor of refunding bonds r:aturing serially and bearing
interest at the rate of Five and One Valf Percentum (5 1/2%)
per annum*
N Ulf P T THE REFORE., BE IT 0M)AIITD BY TEE BOARD OF
1,1DERVEH OF THE CITY OF '141ICHITA FALLS) TEM%G:-
SECTION 0111B.
That bonds of the said city) to be denominated)
CITY Or 7,7ICHITA FALLS) TEXAS, REFUVIDP G DONIDS OF 19242
SERIES r $ be issued for the purpose of refunding bonds
heretofore issued for the purpose of constructing a publip,
building) to -witp additions to and repairs to e#y,,hospi.t6jS.-,
in and for said city#
,-wh,jehv said bo'nds' are dated Yoveriber 1, 1920 and mature
November 11 1950y with option of redemption at any interest
paying period after five years from d.ate and beering, interest
at the rate of six pereentum (6%) per annun, which said bonds
were authorized to be issued by ordinance number 329
adopted October 22, 1920.
SECTION TWO.
SAID BONDS shall be numbered fron, one (1) to Seventy-Five
75 inclusive) shall be dated lay ly 1924) shall be
in the denomination o' One Thousand Dollars ( 1,,000) each
and shall mature- serially vrithout option of prior payment
as follows:
2
NUMBERS AMOUNTS K�TURITIES
1 $1,000.00 November 1, 1925
2 1,000.00 November 1, 1926
3 & 4 2,000.00 November 1, 1927
5 & 6 2,000.00 November 1, 1928
7 & 8 2,000.00 November 1, 1929
9 & 10 2,000.00 November 1, 1930
11 & 12 20000.00 November 1, 1931
13 & 14 2,000.00 November 1, 1932
15 & 16 2,000.00 November 1, 1933
17 & 18 2,000.00 Novenb er 1, 1934
19 & 20 2,000.00 November 1, 1935
21 & 22 2,000.00 November 1, 1936
23 - 25 Incl. 3,000.00 November 1, 1937
26 - 28 " 3,000.00 November 1, 1938
29 - 31 " 3,000.00 November 1, 1939
32 - 34 " 3,000.00 November 1, 1940
35 _ 37 " 3,000.00 November 1, 1941
38 - 40 " 3*000.00 November 1, 1942
41 - 44 " 4,000.00 November 1, 1943
45 - 48 " 4,000.00 November 1, 19"
49 - 52 4,000.00 November 1, 1945
53 - 56 " 4,000.00 November 1, 1946
57 - 60 " 4,000.00 November 1, 1947
61 - 65 " 5,000.00 November 1, 1948
66 - 70 " 5,000.00 November 1, 1949
71 - 75 " 50000.00 November 1, 1950
3
SECTIOfl, "Ll-IRTEE.
SAID BOKDS shall bear interest at the rate of
Five and One Half furcentum (5 1/1%) per annum; payable
semi-annually, on the first days of May and November of
each year,
SECTION F&R.
THE PRINCIPAL AND INTEREST of said bonds shall
be payable on presentation and surrender of the bonds or
proper coupons at the Hanover National Barki New York City,
SECTION FIVE,
SAID BONDS shall be signed by the Mayors
countersigned by the City Clerk and registered by the City
Treasurer and the corporate seal of said city shall be
impressed on each of then and the fac-simile signatures
of said Mayor and City Clerk shall be lithographed on the
coupons attached to each of said bonds.
SECTION STX.
SAID BONDS AND COUPOVS shall be in substantially
the following forms-
.
UNITID SOTS" Cc AAQ!Ci,�
DOW "I WW"',
CAY W FICHIS YAL6
REFUNDING
Bj dub.
SAIES A
*1000 000
The Sty of a mvnicipal
oorporation duly incorporated mder find by virtuo of tl,,,e
laws of the Anto of Toxa&, ibr vdiuo reoeived, is
SHOW to and hereby promises w pay to buarer on the
Arst day of Novembor, 19 the sum of
In lawful money of th-1, United 8tutes Mmoricaj with
intcrest Vooreon fran the &,..te hureof, fit tho rate of
Five axid '.ene 11--Talf Percentum ( 5 I/Q ) per annum, payable
semi-annumlly on thu i1rs,1,. days of `4ay and Novoiaber of
eaah year.
BOTA PAINCIPA, '-ND .1.N!J,.,1,.,.--S C of this bond
are Kraby made payable at the Hanover Nsti,:�-aal Bank in
Now York AQ7, and for the pronpt payment of tho principal
and interomt A' this bondas "tho sane shall raturo,, t3h-O
full faith, oradit and resources o! the city of Achitm
AM aro hereby irrevoWly pledCod.
Vis LIND in ano of a stories of bonds of
liko toLor and effect$ oxcopt, !ir to maturity, and iis
issued for tho purpose of rofundin, a like amount of volid
outstandin , bonds of the city of Achita olls, lexas,
vhich vare isaued for 0a puipose cd constructing a
public buildings_jp_Qtq additions_tqandn,repairs,,,,ta_,qi .
hospital$ in and for said city.,
in accordance with ordinance number 329 ,
of the City
of It',lohita. Falls, adopted October 22, 1920 and by virtue
of an election duly called and held in said city on the
12th da-y of October, 1920.
lIt !LND is issued under and pursuant to
the Constitution and Laws of the Ltati_c, of texas, including
among others Claaptor17 of Title 2L of the Revised civil
Statutes and th- City Charter of the City of Wichita Falls;
and pursuant to an ordinance duly and leggy; lly adopted by the
Board of Aldermen of said city.
IT 13 FUR1ff,1 Ft., COVENANT D 'M--GRELD Y,ITH 1111M,
ULM--, Of, T01" Z* .)ND that if tl-.is bond slould be declared
invalid for any reason the holder hereof shall be subrogated
to all the rights of the holder of the oriL;inal bonC
which t1ni s b end was issued t o refund.
IT IS 1USREBY IREARE-bLMD 1-IND DGCL,,�RED that
provision has been made as required by the Constitution and
Laws of the State of 'Lexaskr the levy and collection of %n
annual tax sufficient to pay t"4 interest on said bonds as
the same shall become due and to i),-Y 'I'Ale Principal thereof at
maturity; that the bond vinich this bond iwa3 issued to refund
was duly authorixed by a majority of the qualified property
tax payin,- voters of said city and is a valid subsisting and
out standing; obligation of said city.
6
IT IS iURT[1--R REPRESENUD aNID DLCL,%.RhD that
all acts, conditions and things required to be done precedent
to and in the issuance of this bond have been properly done,
Piave happened and have been performed in regular and due
form as required by the Constitution and Laws of the State
of Texas and by the City Charter of the City of�,jichita Falls
and that the total indebtedness of said city including this
bond does not exceed any constitutional or statutory limitation.
IN 7,1TNESS ',`!M�REOF the City of Wichita Falls,, by its
Board of Aldermen, has caused this bond to be signed by its
Mayor, countersigned by its City Clerk and registered by its
City Treasurer, with its corporate seal impressed hereon
and the annexed interest coupons to be executed by the
lithographed fac-simile signatures of said kyol- and City
Clerk this first day of May, 1S24.
Mayor
COUNUrRSIGNED: City of Vqichita Falls.
City Clark.
REGIST RED:
City Treasurer.
The interest coupons attached to cac`, of said bonds
shall be in substantially the following form:-
Aay or Novordbor 19
Or. Utv Arst da y o',
If
the City of jehita. iValls , Texas, prami-ses to pry to
b ror at tho Hanover Nati-nal Bf4m.' Now York' cityo
T !, V CLN1116 DoT,
be'.nj; six montho intomst due that day m the City of
-,chi.ta Falls, Text,-s, Roflund'In,,; Bond of 1924, Series Pp
dated �kiy 1, 1924 and numbered
idayor
U ft—; —d I(-$Fiz-
c "T On th ej ba ek of eacl; of said bondra shall be
prInted the follominj; cartifieata:-
O.FPTCIL�' OF TILE 0- PUBLIC �'U:'*14,V,
OY
I hereb-j oortiVy tkat th.ro is on file of
record in my of, iae a aortifloi.te of UN-) �Atorney General
tl-tat t?Aa b;nd leis boon ozru�.-ilnod by '.�Lm as required by
:ztiole 619 of the :Reviaod Civil Statutes and that it h<ns
boon ismued in oorformilzy vdth the �'=ititution and Lavis of
the Ott t of Texas aml th��t, it is a vulict and binding
oblig,A!,)-, of tho City of �:"Ichita Vaal and said bond I.IrAs
,-his d,-.y Leon roZ;istcrod by me.
YM QHY .pu sn,L at Austin, Texass
this day of 1920
—cooi,7—s
of the 2tote tr of Texas.
S7017 31CHT,
NT 1T ME T 0101 , 1 Ty TIT 40: 0 OF LWT[ -'
V, p,T, � , 1 3, !j, I to :,y ty6 interest an said
bonj: n2 the some s!07 muhu nnd to create a uinkiny furd
nufficien" to discharge the princinal theraof at maturityp there
creloy ievice. for tho
s ull be 6nnumily levied and there jr ',
year 1926 a tax 0001 ggg, an the Die Jiundred Dollar
•
of Woble proFerty in avid city; that for the year 1926 and
each sneceading year AM any of said bonds are outstanding and
unpidi sh!�-,11 !:,o eoi-qr�,otnd Ms Rcertained what rate of tax
.,
u there .,
&6ad on the lost approved Ux rolls of said cityp mill be
required to fully make, raise and produce in each of said yours
n sum of money necessary to pay nY interest accruinr and co in
due in said year and to provide u sinkin.- f',IT-.d sufficiont to nect
tho said tunds us they Wurej and a tax at such Me as stall be
found necess&ry ( said tax in ny yearp hourvorp not to be loss
than to W all ' 01.92 as nVoreanid) shy ll be leviedp
resesscd and collecfed in ounh of anid years and at the time other
city tqxes we levied? a- iesoed and collected and the proceeds
from said t,x shall be applied to tho purpose named.
S rnT7ng
AX
IT IS TIREBY CTIPPLITED with the holders of the
original bonds horeinbefore authorized rrd each of thomithat
if staid. W"nding bonds or any of them should be held AvOid
for any reason the holder or holders thereof shall be snbrogked
to nil the rights of the holders oP the original bonds refunded
by this issue of bones.
SROTIOP T&N.
THE FUT that there is an trgent public need for
the refundinC of the outst8ndinj bonds of said cit; and a
reduction in the rate of taxes in said city for the preservPtion
of the health anJ welfare of the caimunity arevien an emorloney
and a public necessity that the rule recuirin; ordinances to be
reW on throo separate AU6 be wended end stk rule ie horeby
suspended and this Winance shall We e0ect end be A force fror,
and after its pasunge W it Ir so ordained.
Sol!