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Ord 515 5/19/1924 f 1 ORDINANCE NO* "( tB � i ''k �,:;:1:%I::'r '�'} [, �E i J�S:;l,j�1a �,�' ",,,-•i ,� ✓ E. C ,rE y OF ,,,. mo ",r .I.E I# 5s TV0,77Y FIVE THOUSAIND DOLLAR,;S [[NG (({}' a, : I` sr; r,€ +,{s" ?/N .) - � ry a'€� „ . Y. ME 1 ,,., ;. P' l . 1_".., "Ill It.:':"4'.' I ;':�ti�.' . ti���.WI.1,t:, � � �11 r 4.,Rx J . Yak: d aI O ��� L. x !_ _ JUP 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 ''.. a_„FIR LATE r.j.\ ihr Tn. .?.;'E .)i 3{K y �_ �,� dL S Out" w " � ,� i / h 1 MT 7, C/t.niS+.I %7�a 1 1 1 fi�a�t�t.«. al .. s, i __l. .. . 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 1 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 5 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. 6 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:- 7 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# 9 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 10