Ord 258 3/20/1919 rIINANCE No. 238
T UE
1JU �I�D
CUTION CTF W 'N VL _jiU��;J DIQLL RS BUMS T.L!� �I
CY ',M�M. FiILS, TE��J, Lu�'CRIL�r BY
ELTMIONT MELD FSB-RU-z�RT 150 1919, :tND VAKING 144cVISIO1� "'_OR . T14 FOR TJA TIAY-
OF PRIF',CIP�I. AND INTI__RIL3T T''EREXF.
132 I"T ORLAINiD BY TER BC,',RD OF cF .E c; 3T OF , NiIIIl ,
Balls,
'Areet 111!PrOveMelit BGL�ds of the 1�1`ity of -:ichita
s, Texas, to the amount of $75,000.0C a7.Aticrized. by vote of the qualified
property tax paying voters Of said city at an election duly called and hold
in said city oa Yebruary ILo, 1919, shall be issued pursuant to the Constitution
and Laws of the 23tate of Texas, and the provisions of the 'd'harter of the City
of > ichita Falls, Texas, adopted, ')8cjL,'_er 14, lVill, for the purpose of"making
Perrimnerit street ii provementsl-, to7.,Jt: for the urpoae of paving public streets
and cOnstructiPE the 11ecessary storn,, sewers in connection tborewith, and shall
be payable, principal and intereet, at the office the 0I� " Q City Treasurer,
ichita IVallE , I xac, or at the 1:ancver NatNationalCity of 117ew York, "".Y.Te
at tine option of the holder.
SZCTION 2. The said. bonds shall be si6ned by the Yayor and, counter-
iAgned by the City Clerk, sealed with the SeLl Cf the City and registered by
the City Tret-,,urer, and shal.41, be officially approved by tZe ¢attorney General
of Texas. The fac-simile signatures of the ,ayor and City clerk be litho-
graph,ed upon the coupons.
S-s"ire bonds 6hFll be in tYe tie ncri,il--A ion cf Five
hundred Dollars (#500) each (�1000 written in pencil), shall be numbered fror.
one (1) to one hundred fifty (15C)bctb inclusilic, and shall. be in substantially
the followins fQXM, towit:
U"ITED ST.Tb.TUE
E M t
7-CURMY OF II-ICEITA W�OF "JC IT,�,
11",11ROVII E'ZT D
110'. (41000 Viritten in pencil) $500.
The ("ity of 11;ichita P&.11s, in t`le V"ouLty of -'17ichita, :'Aute of Texas,
a municipel corporu,t4oja ciul.y or6uiiizod unCer tl.�'e- of t..c -.tute of 7exae,
for value received, pro�,IJLOes to pay to be; rar on 1'_rc_hI 15, 1959, the sum
of Five Hundred .ollurs G",1000 written in pencil) in la'v.,'ful money of the
'United Otatees of Arierics, tc)Lethur ,JtI iriercst t' reor, fron. date at the r�ite
of f ive I)--r celitw;1I per; a m rn , )-&�,able s e,-�j i'-annual 1"e
I y on the fifteenth of !,.arcj,.
and �epteiAber of e_,cl,-' year, or. pre'Ientatllon cnd, ,urrejjdnr oftye att.ac",ed
intarest coupons as they , everally become. due. Toth principal and interest
are payable at the office of the City Treasurer, 4:'ichita F&111s , Texas, or at
the Hanover 1,tt.-IonU Dank, City of Y. , t t, ( t 0 f op i ri o the
holder.
The '%itj' Of i:ic' ita 17 C.ls hereby r0-F;0rVp 4
�;h a right to redeem this
frond before inatiirity at any tine after AL'arch kith 1 V,,2 9, by PaYiing, principal
and accrued liiterest, and in c&L..,e tll, Jio bon& be c-,,,11.cd fr,r rede,-,ption�
before n.attirity. Iotjce, t,,, I L b 0 a in a newt;paper.
.erecf shall , e _,vfn 2- pl,,-.Iic
L _tjon
published in A-chits- fails, once a u:eek for thrce 'AllcceE-:Ave week,---,, the first
k,ublication to be at leaL-t thirty da,,,-s before th,e date fi,-ed for 7t,,deription,
ar-A should thi,-� bard j-ot be fc-r 14E-,&3T;:._ntlorl tIt,--' ortx%c s%nll cease tr
bear interest fron en(, after the "ate so fixed.'
Titis bbnd is one of a series numbered from one to one hundred fifty
inclusive, of the denomination Of wive f-undred Dollars ($1000 written in pencil)
aggregating seventy five thouaand dollars, issued for the purpose of TAking
permanent street improvements', towito. for the purpose of paving public streets
and constructing the necessary strom seviers in connection therewith in the City
1�Of 4 "'
iChita �a!13, OuntY of -4ichita, Texas, pursuant to and in strict compliance
with. the Constitution end statutes of t'1'e -maid -,State and the charter of the said
City adopted December 4, 1913, and is authorized by the vote of r�ore then a
majority of tha qualified property taxpaying voters of said city voting at an
election duly called and held in said City, and is is sued PursuQit to an ordinance
passed by the, Board of Alderme-a of said City on J,°Arch 13th r..D., 1919.
It is hereby certified, recited and declared that all acts, conditions
and things required to be done precedent to and, in the is-u=ce of tail bond,
have been don,.!.�, *Pappened and been perforiied In regular r-z1'd' due tine, fora and
manner as required by law, and that the total indebtedness of jaid City, In-
eluding this bind, ioe& not exceed any constitutional or statutory JL-Iitatioa.
The full faith, credit and resources of said city of ,7-ichita Falls are "'ereby
pledged for tl-,e prompt payrient Of the PrinciPal an6 irture:7t ofthis bc;id.
has caused the corpora t I e sea City of 'icbita "olunty, Tex-
1 of t!)" .sic 'itY to b(' ereunto affixed, and this
bond to be signed by Its ,L`ayor, and countersigned by its 'ity Clee,a, and the
attached coupons to bear Vle ft1c-siL,11le si'Maturss of its said 11'.a�ror and City
Clerk, and this bond to b-i dated t"r,e 15tI,- day of Larch 1919.
-ay0r, '-Ihs Uity of '.7ichits. Falls, Texas
City Clerk, The City of -'7ichita Falls
Tn -as
Registered;
City Treasurer, The `:itY Of :iichlta
Falls, Texas
CIF
T
NO.— rritten in pencil' bU
On 1-'f1rch 15th,
P Co,11."ty, Texas
5 t"I, I I tV f7�f
will pay to bearer t-el7e -nd 50/10C (,,,95.00 i t
R Pencil) c.t the
Office of tle City Treasurer, Fa-,ls , Texa.-, or at the T 7—iover "ational
Bank, Cit" Of New work, 1% Y. , at tl'�e oPtion cf ti-,E, Yoleer, beir�r the J
wmmnl interest due that day on Its Street Inprovtyr erit
1919, - .3nnri., �nted Varch 157
Courterniprod:
7'-ItY
4-. qT'p, E7,81d bones shall be eqtvel the J,5tb (,f 1.,,a,r
shall becore 6Vc, end pev—nble forty yoc.rr fror the date tbereof, with option of
redeeminfo, seine et emy +.irre after ten -earn frcr- Bete of issue. !'"e i d "IN 0 r d S
shall bear interest at the rate of five per centirr per anrvr,,,, -pRyn'ble Seri I-
annually.
SECTION 5. IT IS FURTH,"IR ORDIi.11-�-Ell, B1 'THE BOAR11) OF ALDEIU,,EkY OF T11"%
C17-1 (X FXJS, T-EXAS, that to pay the interest on said bonds and create
a sinking fund sufficient to pay off and discharge t1hen at maturl.ty, a tax of
five and one half (5?�) cents on each j"100 valuation of all taxable property in
P
,aid i3ity of Achita ells , Texas, or 00 ,:cacti thereof as shall be necessary,
shall be annualiy levied on said property and annually assessed and collected
until oaid bondk, acid ii,.tereat are paid, and se tax If here nor: levied for the
ciirrent year, and is authorized and directed to be levied, assessed and col-
lf;cted for each -succeeding year while the said bonds are cutstanding, and the
sae when collected for the current year and annually hereafter, shell be
applied to the payment of the principal and interest of the raid bonds and to
no other purpose.
C. 1, -RDi.1i'.6D that tLe Layor o,' ,aid -'ity j,-,
aut"a3i:izcd to taka 4;,nd 1-.,av(3 claarpge of bcnds pt:L�,din6 their iLvet3tigation
by t'llie tutorney Gener,91 -�,nd upon their approval tmd registration 6hall have
authority to deliver Ve to the purebasers tijereof and to receive for the
City the proceeds thereof.
0'dCTIO4- 7. t*,-!l ordine-.��ceo grid parts of ordinances iricom,,isteiit
here.� ith a-,4.,e liamb rep o&led.
Pas, ed a ppm-ved thi6 '-'-exitieth day of -',-areh .T). 1,1119.
(:tint -n j -)I-,3 d)
Note; Th.is ordinance Is of record in 'rdinar-ce .9,00k 2, Pai;es 214,,,, -115,
21C a:n,d 217.