Loading...
Ord 514 5/19/1924 r' " � Oa�,`.1T.1`,fC; tf `jT0Ri I�fia w'�iE iss;iV',r;�CL v i 1 'I ?�•'i) V i°! j t a' 1' 5 L F 7 :. N ,y OF SEVENTY FIVE THOUS.ZID DOLLARS r —: ; - c r7 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' �4iF.I dtr �ar:.'s�'.5.1��J at� ';. 'Ii jl'4�. ..�I(�11 OPTION it .•,� rt^•.,,rs IOT T e-sr V'-e;�.:i.'� I -a x i '.M1 F IL, 17ROr �'a':ELP Dear J' � ? �; °;.i'IDG ��r ,'M .'rr' : w F SIB ,.a T""rf i f;1- Y 'Jnv Cii /gyp F;14�..� .{....•..Fb�I�:�T 2'.. 1.5:.31 SJ1'd ...v:�..VLA Ul4B 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!