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HomeMy WebLinkAboutORD 44-AI 16- ?6_ ATT ORDINM'CEi. Amending Section five of an ordinance entitled, "An UdinaAce entitled, an Ordinance authorizing the issuance of bonds for the purpose of making .pe.rmanent 'city impromements, to -wit: Buildings, structures, water mains, appliances and other improvements necessary to complete the water works system of the City of Beaumont, and declaring an emergency," adopted September 20th, 1916, and,recorded on,pages 411 and. 412 and 413 -Volume rdinar,ces of the City of Beaumont, and declaring ane 'rgancy. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF B,E 4.UMONT : -SECTION I - That section five of an ordinance entitled "An ordinance entitled an Ordinance authorizing the issuance of bonds for the purpose of making permanent city improvements, to -wit: Buildings, structures, water mains, appliances and other improvements necessary to complete the water works system of the City of Beaumont, and declaring an emergengy," be and the same i�A ell o as to read as follows - - • t0 -wit : - - - -- "SECT ION V, It is further ordained by the City Council thet for the purpose of paying the interest of said bonds as well as the various installments of principal, as the same thall respectively mature, there is hereby levied for the year 1916, and for each succeeding ;year thereafter, as long as the same may be necessary to provide for the interest and annual installments of principal of said boncE�on all property in. the City of Beaumont, a straight ad -valorem tag of two cents, four and three tenths (0.0243) mills on each one Hundred Dollars (6100.00) valuation of all taxable property in the City of Beaumont, and same shall be annually asse-sseC and collected, and said tag of two If -V IJ I; G/ U J_W." 1 1Y V W.L. _." Vi LL1YiC:L "An Urdinadoe entitled, an Ordinance authorizing the i.ssuanee of bonds for the purpose of making .permanent -city impxomements, to -wit: Buildings, structures, water ' mains, appliances and other improvements necessary to complete the water works system of the City of Beaumont, and declaring an emergency," adopted September 20th, 1916, and,recorded on,pages 411 and 412 and 413. Volume 2ex`gency. rdinarees of the City of Beaumont, and declaring an e . BE IT ORDAINED BY THE CITY C ODUC IL OF THE CITY OF BES UMONT : i I -SECTION I- That section five of an ordinance entitled "8n ordinance entitled an Ordinance authorizing the issuance of I bonds for the purpose of making permanent city improvements,, to -wit: Buildings, structures, water mains, appliances and other improvement necessary to complete the water works system of the City of Beaumont, and declaring an emer gengy , " __ ba--and-_the-sarne� M7, ''' as to. read as fallows,_- �j to -wit • --- -- - - --- "SECTION V, It is further ordained by the City Council that j for the purpose of paying the interest of said bonds as well as the various installments of principal, as the same Shall respectively mature, there is hereby levied for the year 1916, and for each succeeding year thereafter, as long as the same may be necessary to provide for the interest and annual installments of principal of said bondson all property in. the City of Beaumont, a straight ad-valoxem tag of two cents, four and three tenths ($.0243) mills on each one Hundred Dollars ($100.00) valuation of all taxable property in the City of Beaumont, and same shall be annually assessed. and collected, and said tag of two cents, four and three tenths mills on the One Hundred j Dollars ( $100.00) valuation out of a tax of fourteen cents, five and three tenths ($61453) mills on each one property hundred dollars/valuation levied to create the interest and sinking fund and to pay the outstanding bonded indebtedness O l t /) , 44-11z- A of -the water works system of this City by this City Council on the 20th. day of September, A.D- 1916, (the ordinance making -said levy being of record on page 402, Vol. 3, Ordinances of this city) is hereby appropriated and set aside to pay the annual installments of principal of said bondsand the interest thereon as they may mature, and said tag, or so much thereof as may be necessary is hereby levied.for each year thereafter, while said bonds, or any number thereof are outstanding, and the same shall be annually assessed, collected and applied to the purposes named." -SECTION II - Whereas, the fact that the city is in urgent need of money in order to make permanent city improvements, to -wit, Improvements of its water works system, creates an .emergency and an imperr.ative.-,public, necessity, necessitating that the rule requiring ordinances to be read at three regular meetings shall be suspended.. Said rule is therefore hereby suspended and this or dinan.ce shall go into full force and effect from and after its lawful passage and publication. Passed this the 10th day of October, A.D. 1916 Approved this the 10th deg of October, A.D. 1916. fehj Attest; ity Secretary. Beaumont, Texas, October, 10th,1916. Hon. Mayor &; City Council, Gentlemen: City. We, your Ordinance Committee, to whomwas referred the attached ordinance, beg to report that we have duly considered same and recommend that it be adopted under the suspension of the rule requiring ordinances to be read at three regular meetings: The change that this makes in the original or di nance is that the tag levy provided to tape care of these bonds should be taken out of the funds set aside for the water works bonded indebtedness and not out of the fund levied to tape care of the general -bonded indebtedness of the City and upon the City Attorney's suggestion, we recommend that this ordinance, which is now a proper correotion of the original ordinance, he adopted s th,.t they bond r e c or can be completed and the grope made. Respectfully submitted,