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Ord 2379 12/12/1967 -e ?9 CERTIFICATE FOR ORDINANCE AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS THE STATE OF TEXAS .• COUNTY OF WICHITA . CITY OF WICHITA FALLS .• We, the undersigned officers of said City, hereby certify as follows : 1. The Board of Aldermen of said City convened in SPECIAL MEETING ON THE 12TH DAY OF DECEMBER, 1967, at the City Hall, and the roll was called of the duly constituted officers and members of said Board of Aldermen, to-wit: Wilma Thomas , City Clerk R. C. Rancier, Mayor Kenneth Hill Leroy Daniel James M. Davis Cletus C. Schenk Max Kruger Aubrey L. Wilson and all of said persons were present, except the following absentees : � �`., I + L 0 el- _ k.) ����� (-'-(e4L1 c _ �c �60Ir thus constituting a quorum. Whereupon, among other business, the following was transacted at said Meeting: a written ORDINANCE AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS was duly introduced for the consideration of said Board of Aldermen and read in full. It was then duly moved and seconded that said Ordinance be passed; and, after due discussion, said motion, carry- ing with it the passage of said Ordinance prevailed and carried by the following vote: YEAS : All members of said Board of Aldermen shown present above voted "Yea". NAYS: None. 2. That a true, full and correct copy of the aforesaid Or- dinance passed at the Meeting described in the above and foregoing paragraph is attached to and follows this Certificate; that said Ordinance has been duly recorded in said Board of Aldermen's minutes of said Meeting; that the above and foregoing paragraph is a true, full and correct excerpt from said Board of Aldermen's minutes of said Meeting pertaining to the passage of said Ordinance; that the persons named in the above and foregoing paragraph are the duly chosen, qualified and acting officers and members of said Board of Aldermen as indicated therein; that each of the officers and members of said Board of Aldermen was duly and sufficiently notified offi- cially and personally in advance, of the time, place and purpose of the aforesaid Meeting, and that said Ordinance would be introduced and considered for passage at said Meeting, and each of said offi- cers and members consented, in advance, to the holding of said Meet- ing for such purpose; and that said Meeting was open to the public as required by law. 3. That the Mayor of said City has a proved, and hereby ap- proves, the aforesaid Ordinance; that the Mayor and the City Clerk of said City have duly signed said Ordinance; and that the Mayor and the City Clerk of said City hereby declare that their signing of this Certificate shall constitute the signing of the attached and following copy of said Ordinance for all purposes. SIGNED AND SEALED the 12th day of D- ember, 8 : 7. City Clerk Mayor Ace, C,r, (SEAL) ORDINANCE NO. 1311 ORDINANCE AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS THE STATE OF TEXAS COUNTY OF WICHITA .• CITY OF WICHITA FALLS WHEREAS, the bonds hereinafter authorized were duly and favorably voted at an election held in said City on the 28th day of September, 1967; and WHEREAS, the bonds hereinafter authorized are to be issued and delivered pursuant to Vernon's Articles 823 and 1175, and the Home Rule Charter of said City. THEREFORE, BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, TEXAS: Section 1. That said City's bonds to be designated the _ "CITY OF WICHITA FALLS GENERAL OBLIGATION BONDS, SERIES 1968," are hereby authorized to be issued and delivered in the principal amount of $3,000,000, FOR THE PURPOSE OF PROVIDING $390,000 FOR CONSTRUCT- ING AND PERMANENTLY EQUIPPING A COMMUNITY HEALTH UNIT BUILDING; $375,000 FOR CONSTRUCTING AND PERMANENTLY EQUIPPING FIRE STATIONS IN SAID CITY; and $2,235 ,000 FOR CONSTRUCTING AND IMPROVING STREETS IN SAID CITY, AND PROVIDING DRAINAGE IN CONNECTION THEREWITH. Section 2 . That said bonds shall be dated JANUARY 10, 1968, shall be in the denomination of $5,000 EACH, shall be number- ed consecutively from 1 THROUGH 600, and shall mature serially on JULY 10 in each of the years, and in the amounts , respectively, as set forth in the following schedule: YEARS AMOUNTS YEARS AMOUNTS 1970 $150,000 1979 $175,000 1971 150,000 1980 175,000 1972 150,000 1981 175,000 1973 150,000 1982 175,000 1974 150,000 1983 175 ,000 1975 150,000 1984 175 ,000 1976 175,000 1985 175,000 1977 175,000 1986 175,000 1978 175,000 1987 175 ,000 Section 3. That the bonds scheduled to mature during the years, respectively, set forth below shall bear interest from their date, until maturity, at the following rates per annum: maturities 1970 through 19 k1 , maturities 1951. t , —% maturities 19$ ,, through 191L, LI4v- % maturities 1911 t-h ^ug 4, , %f-y % maturities 19 through 19_9 70 maturities 19^ through 19 , -1- Said interest shall be evidenced by interest coupons which shall appertain to said bonds , and which shall be payable on the dates stated in the FORM OF BOND set forth in this Ordinance. Section 4. That said bonds and interest coupons shall be payable, shall have the characteristics , and shall be signed and ex- ecuted (and said bonds shall be sealed) , all as provided, and in the manner indicated, in the FORM OF BOND set forth in this Or- dinance. Section 5 . That the form of said bonds , including the form of Registration Certificate of the Comptroller of Public Accounts of the State of Texas to be printed and endorsed on each of said bonds, and the form of the aforesaid interest coupons which shall appertain and be attached initially to each of said bonds , shall be, respectively, substantially as follows: FORM OF BOND: NO. $5, 000 UNITED STATES OF AMERICA ` STATE OF TXAS COUNTY OF WICHITA CITY OF WICHITA FALLS GENERAL OBLIGATION BOND SERIES 1968 ON JULY 10, 19_, the CITY OF WICHITA FALLS, in the County of Wichita, State of Texas, promises to pay to bearer the principal amount of FIVE THOUSAND DOLLARS and to pay interest thereon, from the date hereof, at the rate of % per annum, evidenced by interest coupons payable JANUARY 10, 1969, and semi-annually thereafter on each JULY 10 and JANUARY 10 while this bond is outstanding. The principal of this bond and the interest coupons appertaining hereto shall be payable to bearer, in lawful money of the United States of America, without exchange or collection charges to the bearer, upon presentation and surrender of this bond or proper interest coupon, at THE CHASE MANHATTAN BANK, NEW YORK, NEW YORK, or, at the option of the bearer, at the CITY NATIONAL BANK IN WICHITA FALLS, WICHITA FALLS, TEXAS, which places shall be the paying agents for this Series of bonds. THIS BOND is one of a Series of bonds dated JANUARY 10, 1968, issued in the principal amount of $3,000,000, FOR THE PURPOSE OF PROVIDING $390,000 FOR CONSTRUCTING AND PERMANENTLY EQUIPPING A COMMUNITY HEALTH UNIT BUILDING; $375 ,000 FOR CONSTRUCTING AND PER- MANENTLY EQUIPPING FIRE STATIONS IN SAID CITY; and $2,235,000 FOR CONSTRUCTING AND IMPROVING STREETS IN SAID CITY, AND PROVIDING DRAINAGE IN CONNECTION THEREWITH, IT IS HEREBY certified, recited, and covenanted that this bond has been duly and validly issued and delivered; that all acts , conditions, and things required or proper to be performed, exist, and be done precedent to or in in the issuance and delivery of this -2- bond have been performed, existed, and been done in accordance with law; that this bond is a general obligation of said City, issued on the full faith and credit thereof; and that annual ad valorem taxes sufficient to provide for the payment of the interest on and princi- pal of this bond, as such interest comes due and such principal matures , have been levied and ordered to be levied against all tax- able property in said City, and have been pledged irrevocably for such. payment, within the limit prescribed by law. IN WITNESS WHEREOF, this bond and the interest coupons appertaining hereto have been signed with the facsimile signature of the Mayor of said City and countersigned with the facsimile signature of the City Clerk of said City, and the official seal of said City has been duly impressed, or -placed in facsimile, on this bond. xxxxxxxx xxxxxxxx City Clerk, City of Wichita Falls Mayor, City of Wichita Falls FORM OF REGISTRATION CERTIFICATE : COMPTROLLER'S REGISTRATION CERTIFICATE: REGISTER NO. I hereby certify that this bond has been examined, certi- fied as to validity, and approved by the Attorney General of the State of Texas, and that this bond has been registered by the Comptroller of Public Accounts of the State of Texas . Witness my signature and seal this xxxxxxxx Comptroller of Public Accounts of the State of Texas. FORM OF INTEREST COUPON: NO. $ ON 10, 19 THE CITY OF WICHITA FALLS, in the County of Wichita, State of Texas, promises to pay to bearer the amount shown on this interest coupon, in lawful money of the United States of America, without exchange or collection charges to the bearer, upon presentation and surrender of this interest coupon, at THE CHASE MANHATTAN BANK, NEW YORK, NEW YORK, or, at the option of the bearer, at the CITY NATIONAL BANK IN WICHITA FALLS, WICHITA FALLS, TEXAS, said amount being interest due that day on the bond, bearing the number hereinafter designated, of that issue of CITY OF WICHITA FALLS GENERAL OBLIGATION BONDS, SERIES 1968, DATED JANUARY 10, 1968. Bond No. xxxxxxxx xxxxxxxx City Clerk Mayor -3- Section 6 . That a special fund or account, to be desig- nated the "City of Wichita Falls General Obligation Bonds , Series 1968, Interest and Sinking Fund," is hereby created and shall be established and maintained by said City at an official depository bank of said City. Said Interest and Sinking Fund shall be kept separate and apart from all other funds and accounts of said City, and shall be used only for paying the interest on and principal of said bonds . All ad valorem taxes levied and collected for and on account of said bonds shall be deposited, as collected, to the credit of said Interest and Sinking Fund. During each year while any of said bonds or interest coupons appertaining thereto are out- standing and unpaid, the City Council of said City shall compute and ascertain a rate and amount of ad valorem tax which will be sufficient to raise and produce the money required to pay the in- terest on said bonds as such interest comes due, and to provide and maintain a sinking fund adequate to pay the principal of such bonds as such principal matures (but never less than 2% of the original principal amount of said bonds as a sinking fund each year) ; and said tax shall be based on the latest approved tax rolls of said City, with full allowance being made for tax delinquencies and the cost of tax collection. Said rate and amount of ad valorem tax is hereby levied, and is hereby ordered to be levied, against all tax- able property in said City for each year while any of said bonds or interest coupons appertaining thereto are outstanding and unpaid; and said tax shall be assessed and collected each such year and de- posited to the credit of the aforesaid Interest and Sinking Fund. Said ad valorem taxes sufficient to provide for the payment of the interest on and principal of said bonds , as such interest comes due and such principal matures , are hereby pledged irrevocably for such payment, within the limit prescribed by law. Section 7 . That the Mayor of said City is hereby authoriz- ed to have control of said bonds and all necessary records and pro- ceedings pertaining to said bonds pending their delivery and their investigation, examination, and approval by the Attorney General of the State of Texas, and their registration by the Comptroller of Public Accounts of the State of Texas . Upon registration of said bonds , said Comptroller of Public Accounts (or a deputy designated in writing to act for said Comptroller) shall manually sign the Comptroller's Registration Certificate printed and endorsed on each of said bonds , and the seal of said Comptroller shall be impressed, or placed in facsimile, on each of said bonds . Section 8. That the Board of Aldermen officially finds , determines, and declares that said bonds have been duly advertised for sale; that sealed bids have been received at a public sale of said bonds ; that all of said bonds are hereby sold and shall be de- livered to a syndicate managed or headed by N_, - -{ Lwite,,, d 1>0.(.,K ,,, , being the best bidder at said public sale, for the principal amount of said bonds , and accrued interest thereon to the date of delivery, plus a premium of $ `+7, cc, -4-