HomeMy WebLinkAboutORD 45-YAN ORDINANCE
AMENDING THE LAST PARAGRAPH IN SECTION I. BEING THE
TAX PROVISION OF AN ORDINANCE ENTITLED, "AN ORDINANCE
AUTHORIZING AND DIRECTING THE ISSUANCE OF A PORTION OF
THE SERIAL BONDS OF THE CITY OF BEAUMONT, TEXAS, AUTHOR-
IZED AT AN ELECTION HELD IN SAID CITY ON THE 8th DAY OF
AUGUST, 1952, THE PORTION THEREOF HEREBY AUTHORIZED AND
DIRECTED TO BE ISSUED TO BE AS FOLLOWS: SANITARY SEWER
IMPROVEMENT BONDS, SERIES 1953, IN THE AMOUNT OF TWO
MILLION DOLLARS ($2,000,000) FOR THE PURPOSE OF THE IM-
PROVEMENT, EXTENSION AND -REPAIR OF THE SANITARY SEWER
SYSTEM AND THE CONSTRUCTION OF SANITARY SEWAGE TREATMENT
PLANTS AND ALL APPURTENANCES THERETO, AND THE PURCHASE OF
NECESSARY SITES THEREFOR, IN THE CITY OF BEAUMONT, TEXAS,
SAID BONDS HEREBY AUTHORIZED TO BE ISSUED TO BE DATED
NOVEMBER 15, 1953, TO MATURE SERIALLY AS HEREIN SET FORTH;
PRESCRIBING THE FORM OF SUCH BONDS; PROVIDING FOR THE
LEVYING AND COLLECTING OF THE NECESSARY TAXES TO PAY THE
INTEREST AND CREATE A SINKING FUND TO PAY THE PRINCIPAL
OF SAID BONDS AS THEY MATURE; PROVIDING FOR THE CUSTODY
OF SAID BONDS PENDING THEIR APPROVAL AND DELIVERY TO THE
PURCHASER; AUTHORIZING AND DIRECTING THE MAYOR AND THE -
CITY CLERK TO EXECUTE SAID BONDS AND THE INTEREST COUPONS
THERETO ATTACHED AND IMPRESS THE CORPORATE SEAL OF THE
CITY OF BEAUMONT THEREON, AND TO DO ALL OTHER THINGS
NECESSARY IN CONNECTION WITH THE SALE AND DELIVERY TO
THE PURCHASER THEREOF; REPEALING ALL ORDINANCES AND PARTS
OF ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING THAT
THIS ORDINANCE SHALL TAKE EFFECT ON THE DATE OF ITS
PASSAGE"; BY SUBSTITUTING THE WORDS, THE YEAR_1954111 FOR
THE WORDS, "THE YEAR 1953", IN SAID TAX CLAUSE.
Now, therefore:
BE IT ORDAINED BY THE CITY OF BEAUMONT, TEXAS:
SECTION 1
That the last paragraph of Section 1, being the tax provision,
of the above -entitled ordinance shall be, and the same is hereby
amended so that the same shall be in words and figures as follows:
It is further ordained that for the purpose of paying the
interest on said SANITARY SEWER IMPROVEMENT BONDS, SERIES 1953, and to
create a sinking fund to pay the various installments of principal as
the same shall respectively mature, a sufficient tax on each $100
valuation of all taxable property.in the City of Beaumont, Texas, shall
be annually levied on said property and annually assessed and collected,
and a tax of $ .15 on each $100 valuation of all taxable property
within the City of Beaumont, Texas, is here and now levied for the
year 195+, and said tax, or so much thereof as shall be necessary or
in addition thereto as may be required, is hereby levied for each
succeeding year while said bonds or any of them are outstanding, and
the same shall be annually assessed and collected and applied to the
purpose named.
PASSED this, the lst day of December, 1953, by the City Council
of the City of Beaumont, Texas.
Mayor Pro Tem of the City!/of
Beaumont, Texas