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HomeMy WebLinkAboutORD 4-T":ta`_.__.. ...... _� AN ORDINANCE . AUTHORIZING AND DIRECTING THE ISSUANCE OF A PORTION OF THE SER- IAL BONDS OF THE CITY'OF BEAUMONT, TEXAS, AUTHORIZED AT AN ELECTION HELD IN SAID CITY ON THE 21st DAY OF JUNE,•1947, THE PORTION THEREOF HEREBY AUTHORIZED AND DIRECTED TO BE ISSUED TO BE AS FOLLOWS: STREET IMPROVEMENT BONDS, SERIES 1947, IN THE AMOUNT OF $500,000, FOR THE PURPOSE OF IMPROVING, EXTENDING, AND.REPAIRING THE STREETS AND HIGH- WAYS OF THE CITY OF BEAUMONT; STORM SEWER.IMPROVEMENT.BONDS, SERIES 1947, IN THE AMOUNT OF `'4100,000, FOR THE PURPOSE OF IMPROVING, EX- TENDING, AND REPAIRING THE STORM SEVERS OF THE CITY OF BEAUMONT; SEWERAGE SYSTEM IMPROVEMENT BONDS, SERIES 1947, IN THE AMOUNT OF ys500,000, FOR THE PURPOSE OF IMPROVING, EXTENDING, AND REPAIRING THE SEWERAGE SYSTEM OF THE CITY OF BEAUMONT; FIRE -STATIONS IMPROVEMENT BONDS, SERIES 1947, IN THE AMOUNT OF $100,00019 FOR THE PURPOSE OF BUILDING, IMPROVING..REPAIRING AND EQUIPPING FIRE STATIONS, AND THE PURCHASE OF NECESSARY APPURTENANCES -AND APPLIANCES,_AND ACQUIRING NECESSARY SITES THEREFOR; POLICE STATIONS IMPROVEMENT BONDS, SERIES 1947, IN THE AIJOUNT OF 050.9000, FOR THE PURPOSE OF BUILDING, IMPROV- ING, REPAIRING, AND EQUIPPING POLICE STATIONS, AND THE PURCHASE OF NECESSARY APPURTENANCES AND_APPLIANCES, AND ACQUIRING NECESSARY SITES THEREFOR; ALL OF SAID BONDS TO BE DATED SEPTEMBER 1, 19471 TO MATURE SERIALLY AS HEREIN SET FORTH, AND BEARING INTEREST AT THE RATES -HERE- IN 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 APPROV- AL AND DELIVERY TO THE PURCHASER; AUTHORIZING AND DIRECTING THE MAYOR AND THE CITY.CLERK TO EXECUTE SAID BONDS AND THE INTEREST CUPONS THERETO ATTACHED AND IMPRESS THE CORPORATE SEAL OF THE CITY OF`BEAU- MONT THEREON, AND TO DO ALL OTHER THINGS NECESSARY IN CONNECTION WITH THE SALE AND DELIVERY TO THE PURCHASER THEREOF; REPEALING ALL ORDIN- ANCES AND PARTS OF ORDI14ANCES IN CONFLICT H.�;REWITH; AND PROVIDING THAT THIS ORDINANCE SHALL TAKE EFFECT ON THE DATE OF ITS PASSAGE; AND DECLARING AN EMERGENCY. : WHEREAS, on the.3rd day of June, 1947, the City Commission of the City of Beaumont, Texas, passed an ordinance calling an elec- tion to be held in the City of Beaumont, Texas, on June 21, 1947,--at which election there were submitted to the qualified electors -of said City, who own taxable property in said City and who have duly rendered the same for taxation, among others, the following proposi- tions; SHALL the City Commission of the City of Beaumont, Texas, be authorized to issue serial bonds of said City, in the amount of 42,000,000, for the purpose of improving" -"extending, and re- pairing the streets and highways�f the City of Beaumont, said bonds maturing serially in such installments as may -be fixed by -the City Com- mission, over a period of years, not to exceed thirty (30) years from their date, bearing in-. terost at -a rate not to exceed four per cent (40) per annum, and shall there be annually levied, assessed, and collected; while said bonds or any of -them are outstanding, an annual ad valorem tax on all taxable property in the City of Beau- mont sufficient to pay the interest on all of said bonds and create a sinking fund sufficient to retire the same at maturity. SHALL the City Commission -of the City of Beaumont, Texas, be authorized to issue serial bonds of said City, in the amount of yp1,000,000, for the purpose of improving, extending, and re- pairing the storm sedvers of the City of Beaumont - 1 - (07//1 `1 said. bonds maturing serially in such _installments.. as may be fixed -by the City Commission'over a period of years) not to exceed thirty (30) years from their date; bearing interest at aerate not to exceed four per cent (4%) per _annun, and shall there be annually levied, assessed, and collected, while.said bonds or any of them are outstanding, an annual ad valorem tax on all taxable -property in the City of Beaumont sufficient to pay the in terest on all of said bonds and create a sinking fund sufficient to retire the same a t maturity. SHALL the City Commission of the City of Beau- mont, Texas, be authorized to issue serial bonds of said City, in the amount of �500,000, for the purpose of -improving, extending, and repairing the sewerage system of the City_ of Beaumont, said bonds maturing -serially in such installments as may be__ - -- fixed by the City Commission, over a period of -years, not to exceed thirty (30) years from their date, bearing interest at a_ rate not to exceed four per cent (4%) per annum, and shall there be,annually levied, assessed, and collected, while said bonds or any of them are outstanding, an annual ad valorem tax on all taxable property in the City of Beaumont sufficient to pay the interest on all of said bonds and create a sinking fund sufficnet to retire the same -at maturity. SHALL the City Commission of the City of Beaumont, Texas,..be authorized to issue serial bonds of -said City, in the amount of $325,000, for -the purpose of building, improving, repair- ing, and equipping fire stations, and the pur- chase of necessary appurtenances and appliances, and acquiring necessary sites therefor, said bonds maturing serially in such installments as may be fixed.by the City Commission, over a period of -- - ye-ars -not- tb--exceed thirty 30)7 years--from-the-ir-'-�— -- date., bearing interest at a rate not to exceed four per cent (40) per annum, and shall there be annually levied, assessed, and collected, while said bonds or any of them are outstanding, an annual ad valorem tax on all taxable property in the City of Beaumont sufficient to pay the interest on all of said bonds and create a sinking fund sufficient to retire the same at maturity. And, SHALL -the City Commission of the City of Beaumont, Texas, be authorized to issue serial bonds of said City, in the 'amount of 275, 000, for the purpose of building, improving, repairing, and equipping police stations, and the purchase of necessary appurtenances and appliances, and ac- quiring necessary sites therefor, said bonds maturing serially, in such installments as may be fixed by the City Commission, over a period of years, not to exceed [Oairty (30) years from their date, bearinginterest at a rate not to exceed . four per cep ( 4 0 ) per annum; and shall there be annually levied, assessed, and collected, -while said bonds or any of them are outstanding, an annual ad valorem tax on all taxable property in the City of Beaumont sufficient to pay the in- terest on all of said bonds and create a sinking fund sufficient to retire the same at maturity. WHEREAS, at said election held in the City of Beaumont, Texas, on the 21st day of June, 1947, pursuant to said ordinance calling the same, and pursuant to notice thereof duly given as - 2 - provided .by law, a majority -of the qualif ied electors residing within the City of Beaumont, who olvn taxable property in said City and who have duly rendered the same for taxation, voting at said election voted in'favor of the propositions, as above stated, to issue the bonds therein described, by the following vote.: FOR THE ISSUANCE OF THE SERIAL BONDS OF THE CITY OF BEAUMONT FOR THE PURPOSE OF IMPROVING, EX- TENDING, AND REPAIRING THE STREETS AND HIGHWAYS OF THE CITY OF BEAUMONT, AND THE LEVYING OF A TAX IN PAYMENT THEREOF - - - - 2315 votes AGAINST THE ISSUANCE OF THE SERIAL BONDS OF THE CITY OF BEAUMONT FOR THE PURPOSE OF IM- PROVING, EXTENDING, AND fEPAIRING--THE STREETS AND HIGHWAYS OF THE CITY OF BEAUMONT, AND THE LEVYING. OF A TAX IN PAYMENT THEREOF - - - - 337 votes MAJORITY FOR THE ISSUANCE OF SAID BONDS - - - - 1978 votes FOR THE ISSUANCE OF THE SERIAL BONDS OF THE CITY OF BEAUMONT FOR THE PURPOSE OF IMPROV- ING, EXTENDING AND REPAIRING THE STORM S0'IERS OF THE CITY OF BEAUMONT, AND THE LEVYING OF A TAX IN PAYMENT THEREOF - - - - 2320 votes AGAINST THE ISSUANCE OF THE SERIAL BONDS OF TIIE CITY OF BEAUI-iONT FOR THE PURPOSE OF IM- PROVING, EXTENDING AND REPAIRING THE STORM SEWERS OF THE CITY OF BEAUMIONT, AND THE LEVY- ING OF A TAX IN PAYMENT THEREOF - - - - 333 votes MAJORITY FOR THE ISSUANCE OF SAID BONDS - - - - 1987 votes - - - FOR--T-I3E- -IS SUANCE . -OF THE, _SERIAL_ -BONDS_ OF THE__ - CITY OF BEAUMONT FOR THE PURPOSE OF IMPROVING, EXTENDING AND REPAIRING THE SEWERAGE SYSTEM OF THE CITY OF BEAUMONT, AND THE LEVYING OF A TAX IN PAYMENT THEREOF - - - - 2337 votes AGAINST THE ISSUANCE OF THE SERIAL BONDS OF THE CITY OF BEAUMONT FOR THE PURPOSE OF IM- PROVING, EXTENDING AND REPAIRING THE SE%iER- AGE SYSTEM OF THE CITY OF BEAUMONT, AND THE LEVYING OF A TAX IN PAYMENT THEREOF - - - 316 votes AAJORITY FOR THE ISSUANCE OF SAID BONDS - - - - 2021 votes FOR THE ISSUANCE OF THE SERIAL BONDS OF THE CITY OF BEAUMONT FOR THE, PURPOSE OF BUILDING, IMPROVING, REPAIRING AND EQUIPPING FIRE STA- TIONS, AND THE PURCHASE OF NECESSARY APPURTEN- ANCES AND APPLIANCES, AND ACQUIRING NECESSARY SITES THEREFOR, AND THE LEVYING OF A TAX IN PAYMENT 'NT THEREOF - - - - 2550 vote : . AGAINST THE ISSUANCE. OF THE SERIAL BONDS OF THE CITY OF BEAUMONT FOR THE PURPOSE OF BUILDING., IMPROVING, REPAIRING AND EQUIPPING FIRE STA- TIONS, AND THE PURCHASE OF NECESSARY APPURTEN- ANCES AND APPLIANCES, AND ACQUIRING NECESSARY SITES THEREFOR, AND THE LEVYING OF A TAX IN PAYMENT THEREOF - - - - 307 votek TtiIAJORITY FOR THE ISSUANCE OF SAID BONDS - - - - 2043 vote: FOR THE ISSUANCE OF THE SERIAL BONDS OF THE CITY OF BEAUMONT FOR THE PURPOSE OF BUILDING, IMPROVING, REPAIRING, AND EQUIPPING POLICE STATIONS, AND THE PURCHASE OF NECESSARY APPUR- TENANCES AND APPLIANCES, AND ACQUIRING NECESSARY - 3 - SITES THEREFOR, AND THE LEVYING OF A TAX IN PAYMENT THEREOF - - 2265 votes And., AGAINST 'THE ISSUANCE OF THE SERIAL BONDS OF THE CITY OF BEAUMONT FOR THE PURPOSE OF BUILDING, IMPROVING, REPAIRING,.AND EQUIPPING POLICE STATIONS, AND THE PUR- CHASE OF NECESSARY APPURTENANCES AND AP- PLIANCES, AND ACQUIRING NECESSARY SITES THEREFOR, AND THE LEVYING OF A TAX IN PAYMENT THEREOF - - - 390 votes MAJORITY FOR THE ISSUANCE OF SAID BONDS - - - 1875 votes WHEREAS, the City of Beaumont is authorized generally to pass this ordinance authorizing the issuance of the bonds herein mentioned under the Constitution and statutos of the State of Texas pursuant to authority contained in Article 11, Section 5, of the Constitution of the State of Texas, and Article P75, et seq., Revised Civil Statutes of Texas, and all laws thereunto enabling; and, tiWILIEREAS, the City Commission of the City of Beaumont now finds and determines that it is necessary and proper at this time to issue said municipal bonds; and, WHEREAS, the present streets of the City of Beaumont are in serious need of immediate repair; and the storm sewers of the City of Beaumont are wholly inadequate, causing overflow and damage to the property of the people of Beaumont by reason of storm waters; and the present sewerage system of the City of Beaumont is now wholly inadequate for the demands placed upon it, causing congestion of sewerage mains and resulting stagnation which is injurious to the health and lives of the people of the City of Beaumont; and the fire stations and police stations are inadequate to serve the people - of -the City of Beaumont; all of which conditions create an -imperative public necessity requiring this ordinance to take effect immediately as an emergency measure; now, therefore; BE IT ORDAINED BY THE CITY C0181ISSION OF THE CITY OF BEAUMONT, TEXAS SECTION 1 That the. City of Beaumont, Texas, shall issue bonds, as hereinafter prescribed, for and on behalf of and upon the credit of the City of Beaumont, Texas, as follows: y'W=0, 000 principal amount of STREET IMPROVEMENT BONDS, SERIES 1947, for the purpose of improving, extending, and repairing the streets and highways of the City of Beaumont, to be dated Sept- - 4 - ember 1, 1947,'and to mature serially on September 1, of each year, and in the amounts as follows; Bond Number Futurity Date Amount 1 to `14, Inc. September 12 1948 149000 15 to 28, Inc. September 1, 1949 14,000 29 to 43, Inc. September 1, 1950 15,000 44 to 58, Inc. September 1, 1951 15,000 59 to 759 Inc. September 1, 1952 17,000 76 to 922 Inc. September 1, 1953 17;000 93 to 109, Inc. September 1, 1954 17,000 110 to 127, Inc. September 1, 1955 18,000 128 to 145, Inc. September 1, 1956 18;000 146 -to 1631 Inc. September 1, 1957 18.9 000 164 to 182,' Tnc. September 1, 1958 19.9 183 to 201, Inc. September 12 1959 19,000 202 to 221, Inc. September 1, 1960 20.1 222 to 2411, Inc. September 1, 1961 20,000 242 to 263, Inc. September 1, 1962 22,000 264 to 285, Inc. September 1, 1963 229000 286 to 307, Inc. September 1, 1964 22,000 308 to 330, Inc.. September 11 1965 231000 331 to 353, Inc. September 11 1966 231000 354 to 376, Inc. September 1, 1967 23;000 377 to 400, Inc. September. 1, 1968 24,000 401 to.424, Inc. September 1, 1969 241000 425 to 449, Inc. September 1, 1970 25,000 450 to 474, Inc. September 1, 1971 25;000 475 to 50010 Inc. September 1, 11M 26,000 The City of Beaumont expressly reserves the right to re- deem any one or all of the bonds numbered 264 to 500, inclusive, prior to maturity, on September 1, 1962, and on any interest payment date thereafter,- p-rovided notice of --such redemption.-is__published_in___---, a financial publication in the City of New York, New York, at least once not less than thirty (30) days before the time fixed for prior payment, and thirty (30) days' notice in writing is given to the place of payment before the time so fixed for prior redemption, and the money for their redemption or payment, including the interest then due, shall have been deposited with the paying agent within ten (10) days prior to or on the date required for payment. If upon the happening of the above condition said bonds are not presented for payment they shall not thereafter bear interest. Unless on or prior to the redemption date the City shall pay or cause to be paid to the paying agent the principal amount of the bonds to be redeemed, or make funds available to the paying agent therefor, together with interest thereon to date of redemption, such redemption shall fail and said bonds shall continue to be in full force and effect the same as if such redemption proceedings had never been started, and interest on said bonds shall continue to run until maturity and.payment or subsequent redemption, as provided herein. - 5 - .Said bonds shall bear interest at the rates as follows: Bonds numbered 1 to 182, both inclusive,, at 22� per annum Bonds numbered 183 to 500, both inclusive, at 22,-% per antrum which interest shall be payable on March 1, 1948, and thereafter semi-annually on September 1 and March 1, of each year. The principal and interest on said series of bonds shall be payable upon presentation and surrender of the bonds or proper coupons at The First National Bank of Beaumont, Beaumont, Texas, or at The National City Bank of New York, New York, That said bonds and coupons to be attached thereto, and the State Comptrollers certificate of registration to be endorsed thereon, are to be in the following forms, respectively, with proper omissions, insertions, and variations, permitted or otherwise, as herein provided: NO. 1 $1,000,00 UNITED STATES OF AMERICA STATE OF TEXAS COUNTY OF JEFFERSON CITY OF BEAUMONT STREET IMPROVEMENT BOND SERIES 1947 -- KNOW--ALL--MEN--BY THESE -PRESENTS-:- That the --City of- Beaumont., of of Jefferson County, Texas, for value reOeived, acknowledges itself indebted to and hereby promises to pay to bearer, O N E T H'O U S A N D D 0 L L A R S (41,000.00) in -lawful money of the United States of America, on the 1st day of September, 1943, with interest thereon from date hereof until paid at the rate of 2zo per annum, interest payable 11arch 1, 1943, and semi-annually thereafter on September 1 and March 1, of each year, on presentation and surrender of the annexed interest coupons as they severally nature. Bond principal and.interest of this bond ate payable at The First National Bank of Beaumont, Beaumont, Texas, or at The National City Bank of New York, New Yorkq at the option of the holder; and the City of Beaumont, Texas, is hereby held and firmly bound, and its full faith and credit and all taxable real and per- sonal property therein are hereby pledged for the prompt payment of the principal of this bond and the interest thereon as it matures. - 6 - *The City of Beaumont, Texas, hereby expressly reserves the right to redeem this bond prior to maturity, on September 1, 1962, and on any interest payment date thereafter provided notice of such redemption is published in a financial publication in the City of New York, New York, at least once not less than thirty (30) days before the time fixed for prior payment and thirty (30) days, notice in writing is given to the place of payment before the time so fixed for prior redemption, and the money for its redemption or payment, including interest then due, shall have been deposited with the paying agent within ten (10) days prior to or on the date re- quired for payment. If upon the happening of the above condition said bond is not presented for payment it shall not thereafter bear interest. Unless on or prior to the redemption date the City shall pay or cause to be paid to the paying agent the principal amount of this bond, or make funds available to the paying agent therefor, together with interest thereon to date of redemption, such redemption shall fail and said bond shall continue to be in full force and effect the same as if such redemption proceedings were never started, and interest on said bond shall continue to _run until maturity -and payment or subsequent redemption._ This bond is one of a series of 500 bonds, of the de- nomination of one thousand dollars ($1,000.00) each, numbered con- secutively from 1 to 500, inclusive, each of said bonds being of like tenor and effect, except as to number, rate of interest, and maturity, and option of redemption before maturity, issued by the City of Beaumont, Texas, for the purpose of improving;.extending, and repairing the streets and highways of the City of Beaumont, issued under and by virtue of the Constitution and laws of the State of Texas and the Charter of the City of Beaumont, adopted December 30, 19191, and in strict conformity with Article 11, Section 51 of the Constitution of the State of Texas,. and Articles 1175, et seq., and the amendments thereto, of the Revised Civil Statutes of Texas, and all laws thereunto enabling. It is hereby certified and recited that the issuance of this bond,'and the series of.which it is a part, is duly authorized by law and by a majority vote of the resident qualified electors of the Cityof Beaumont, Texas, who own taxable property in said City and who have duly rendered the same for taxation, voting at an election held for the purpose - 7 - T within the City of Beaumont on the Zlst day of June, 1947, pursuant to an ordinance duly passed on the 3rd day of June, 1947, ordering said electi6n. It is hereby certified, recited, and declared that the issuance -of this bond and the series of which it is 'a part is duly authorized by law and that all acts, conditionsp and things required to be done precedent to and' in the issuance of this bond and of the series of which it is a part have been properly done, have happened and been performed in regular and due time. -form,, and - manner, as required by law; that sufficient and proper provisions - for the levy and collection of an ad valorem tax have been made, which when collected shall be appropriated exclusively to the pay - Mont of this bond and of the series of which it is a part, and to the payment of the interest coupons hereto annexed as the same shall become due and payable, and that the total indebtedness of the City of Beaumont, including the entire series of bonds of which this is one, does not exceed any constitutional or statutory limitation. It is hereby recited, certified, and declared that the additional tax levied and made necessary to be levied in order --- -- - - - to -provide for the - - interes- t and- prinbipal--of- this issue- of bonds, together with the rate of tax ealsting at the .time of the issuance of these bonds, is within the limitations of the Constitution and laws of the State of Texas and the Charter of the City of Beaumont. The date of this bond, in conformity with the ordinance above mentioned, is September 1, 1947. In witness whereof, the City Commission of the City of Beaumont, Texas, has caused the corporate seal of the City of Beaumont to be affixed hereto and this bond to be signed by its Mayor and countersigned and attested by its City' Clerk, and the interest coupons hereto attached to be executed by the facsimile signatures of its Mayor and its City Clerk, as of the lst day of September, 1947, Mayor of the City of Beaumont, Texas; Attest City Clerk of the City of Beaumont, Texas *(This paragraph should be omitted from bonds numbered 1 to -8- 263 inclusive). ; The form of interest coupons attached to said bonds shall be substantially as follows:: No. 1 $ On the 1st day of March, 1948,.the City of Beaumont, Texas,.will pay to bearer at the First National Bank of Beaumont, Beaumont, TexaB, or at The National City Bank of New York, New York the sum of in lawful money of the United States of America, said sum being six months' interest due that day on its STREET -IMPROVEMENT BOND., -SERIES - = 1947, bearing the number hereinafter specified, dated September 1, 1947. Bond No. Mayor of the City of Beaumont, Texas City Clerk of the City of Beaumont, Texas Coupons on said bonds numbered 264 to 500, inclusive, shall include the following clause after the interest pay- ment date: "unless the bond to which this coupon is attached has been called for prior redemption and payment made or -provided for as therein recited.tf The -form of the Comptroller 's certificate ' which shall be printed on the back of.each bond shall be substantially as follows: OFFICE OF COMPTROLLER REGISTER N0, STATE OF TEXAS I boreby certify that there is on file and of record in my office a certificate of the Attorney General of the State of Texas. to. the effect that this bond has been examined by him, as required by law, and that he finds that it has been.issued in conformity with the Constitution and laws of the State of Texas, and that it is a valid and binding obligation upon said City of Beaumont, Texas, and said bond has this day been registered by me. Witness my hand and seal of office at Austin.. Texas, this, the day of , 1947. Comptroller of Public Accounts of the State of Texas - 9.. It is further ordained that for the purpose of paying the interest on said STREET Ili+ PROVEMENT BONDS, SERIES 19479 and to create a sinking fund to pay the various installments of principal as the same shall respectiVe'17 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 eollectedy and a tax of $,045 on each $100 valuation of all taxable property within the City of Beaumont, Texas, is here and now levied for the year 1947, 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. SECTION 2 That the City of Beaumont, Texas, shall issue bonds, as hereinafter prescribed, for and on behalf of and upon the credit of the City of Beaumont, Texas, as follows: $p100,000 principal amount of STORM SEWER IMPROVEMENT BONDS, SERIES 1947, for the purpose of Improving, extending., ~ and repairing the storm sewers of the City of Beaumont, to be dated September 1, 1947, and to mature serially on September 1, of each year, and in the amounts as follows: Bond Number Maturity Date Amount 1 and 2 September 10 1.948 02.,000 3 to 5, Inc. September 1, 1949 3.,000 6 to 8, Inc. September 1, 1950 3,000 9 to 11, Inc. September 10 1951 3,000 12 to 14-,.inc. September 11 1952 3,000 15 to 17, Inc. September 1, 1953 3,000 18 to 20, Inc. September 12 1954 3,000 21 to 24, Inc. September 1, 1955 4,000, 25 to 28, Inc.. September 10 1956 40000 29 to 32, Inc, September 10 1957 4,000 33 to 36.,_Inc' - September 1, 1958 4,000 37 to 40, inc' September 1, 1959 4,000 41 to 44, inc' September 1, 1960 4,000 45 to 48, Inc. September 1, 1961 4,000 49 to 520 inc: September 19 1962 4,000 53 to 569 inc. September 1, 1963 4,000 57 to 600 inc. September 1, 1964 4,000 61 to 650 inc. September 10 1965 52000 66 to 703, Inc.' September 1, 1966 50000 71 to 75, Inc. September 1, 1967' 5,000 76 to 80,'inc. September 1, 1968 50000 81 to 85, Inc'. September 1, 1969 5,000 86 to 90, Inc. September 1, 1970 5,000 91 to 950 inc. September 1, 1971 5,000 96 to 100, inc. September 1, 1972 50000 -10- The City of Beaumont expressly reserves the right to redeem any one or all of the bonds numbered 53 to 100, inclusive, prior to maturity, on September 1, 1962, and on any interest payment date thereafter, provided notice of such redemption is published in a financial publicaticn in the City of Now York, New York, at least once not less than thirty (30) days before the time fixed for prior payment, and thirty (30) days' notice _in writing is given to the place of payment before the time so fixed for .prior redemption, and the money for their redemption or payment, including the interest then due, shall have been deposited with the paying agent within ten (10) days prior to or.on the date required for payment. If upon the happening of the above condition said bonds are not presented for payment they shall not thereafter bear interest. Unless on or prior to the redemption date the City shall pay or cause to be -paid to the paying agent the principal amount of the bonds to be redeemed, or make funds available to the paying agent therefor, together with interest thereon to date of redemption, such redemption shall fail and said bonds shall continue to be in full force and effect the same as if such redemption proceedings had never been started, and interest on said bonds shall continue to run until maturity and payment or subsequent redemption, as provided herein. Said bonds shall bear interest at the rates as follows: Bonds numbered 1 to 36, both inclusive, at 214 per annum Bonds numbered 37 to 100, both inclusive, at 24 per annum which interest shall be payable on March 10 1948, and thereafter semi-annually on September 1 and March 1, of each year. The principal and interest on said series of bonds shall be payable upon presentation and surrender of the bonds or proper coupons at The First National Bank of Beaumont, Beaumont, Texas; or at The National City Bank of New York, New York. That said bonds and coupons to be attached thereto, and the State Comptroller 's certificate of registration to be endorsed thereon, are to be in the following forms, respectively, -11- with proper omissions, insertions, and variations, permitted or otherwise, as herein provided: No. 1 $10000.00 UNITED STATES OF AMERICA STATE OF TEXAS COUNTY OF JEFFERSON CITY OF HEAUMONT STORM SEWER IMPROVEMENT BOND SERIES 1947 KNOW ALL MEN BY THESE PRESENTS: That the City of Beaumont, of Jefferson County, Texas., for value received, acknowledges itself indebted to and hereby promises to pay. to bearer, ONE THOUSAND DOLLARS ($1,000.00) in lawful money of the United States of America, on the 1st day of September, 1948, with interest thereon from date hereof until paid at the rate of 22o per annum, interest payable March 1, 1948, and semi-annually thereafter on September 1 and March 1, of each year, on presentation and surrender of the annexed interest coupons as they severally mature. Both principal and interest of this bond are payable at The First -National Bank of Beaumont, Beaumont, Texas, or at The National City Bank of New York, New York at the option of the..holder; and the City of Beaumont, Texas, is hereby held and firmly bound, and its full faith and credit and all taxable real and personal property therein are hereby pledged for the prompt payment of the principal of this bond and the interest thereon as it matures. *The City of Beaumont, Texas, hereby expressly reserves the right to redeem this bond prior to maturity, on September 1, 1962, and on any interest payment date thereafter provided notice of such redemption is published in a financial publication in the City of New York, New York, at least once not less than thirty (30) days before the time fixed for prior payment and thirty (30) days' notice in writing is given to the place of payment before the time so fixed for prior redemption, and the money for its redemption or payment, including interest then due, shall have been deposited with the paying -12-- 4 - F FY �'. / 0- L-: 1 , agent within ten (10) days prior to or on the date required for payment. If upon the happening of the above condition said bond is not presented for payment it shall not there- after bear interest. Unless on or .prior to the redemption date the City shall pay or cause to be paid to the paying agent the principal amount of this bond, or make funds available to the paying agent therefor, together with interest thereon to date of redemption, such redemption shall fail and said bond shall continue to be in full force and effect the same as if such redemption proceedings were never started, and interest on said bond shall continue to run until maturity and payment or subsequent redemption. This bond is one of a series of 100 bonds, of the denomination of one thousand dollars ($1,000.00) each, numbered consecutively from 1 to 100, inclusive, each of said bonds being of like tenor and effect, except as to number, rate of interest, and maturity, and option of redemption before maturity, issued Tmy the City of Beaumont, Texas, for the purpose of improving, extending, and repairing the storm sewers of the City of Beaumont, issued under and by virtue of the Constitution and laws of the State of Texas and the Charter of the City of Beaumont, adopted December 30, 1919, and in strict conformity with Article 11, Section 5, of the Constitution of the State of Texas, and Articles 1175, of seq, and the amendments thereto, of the Revised Civil Statutes of Texas, and all laws thereunto enabling. It is hereby certified and recited that the issuance of this bond and the series of which it is a part, is duly authorized by law and by a majority vote of the resident qualified electors of the -City of Beaumont, Texas, who own taxable property in said City and who have duly rendered the same for taxation, voting at an election held for the purpose within the City of Beaumont on the 21st day of June, 1947, pursuant to an ordinance duly passed on the 3rd day of June, 1947, ordering said election. It is hereby certified, recited, and declared that the issuance of this bond and the series of which it is a -13- .r-A' � 1 part is duly authorized by law and that all acts, conditions, and.things required to be done LUecedent to and in the issuance of this bond and of the series of which it is a part have been properly done, have happened and been performed in regular and due time, form, and manner, as required by law; that sufficient and proper provisions for the levy and collection of an ad valorem tax have been made, which when collected shall be appropriated exclusively to the payment of this bond and of the series of which it is a part, and to the payment of the interest coupons hereto annexed as the same shall become due and payable, and that the total indebted- ness of the City of Beaumont, including the entire series of bonds of which this is one, does not exceed any constitutional or statutory limitation. It is hereby recited, certified, and declared that the additional tax levied and made necessary to be levied in order to provide for the interest and principal of this issue of bonds, together with the. rate of tax existing at the time of the issuance of these bonds, is within the limitations of the Constitution and lawn of the State of Texas and the Charter of the City of Beaumont. The date of this bond, in conformity with the ordinance above mentioned, is September 1, 1947. In witness whereof, the City Commission of the City of Beaumont, Texas, has caused the corporate seal of the City of Beaumont to be affixed hereto and this bond to be signed by its Mayor and countersigned and attested by its City Clerk, and the interest coupons hereto attached to be executed by the facsimile signatures of its Mayor and its City Clerk, as of the lst day of Septembers 1947. Mayor of the City of Beaumont, Texas Attest: City Clerk of the City of Beaumont, Texas (This paragraph should be omitted from bonds numbered 1 to 52 inclusive)+ The form of interest coupons attached to said bonds shall be substantially as follows: -14, No. 1 $ On the 1st day of March, 1948, the City of Beaumont, Tezasq will pay to bearer at The First National Bank of Beaumont, Beaumont, Texas, or at The National City Bank of New York, New York the sum of $ in lawful money of the United States of America, said sum being six months' interest due that day on its STORM SEWER IMPROVEMENT BOND, SERIES 1947, bearing the number hereinafter specified, dated September 10 1947. Bond No. Mayor of the City of Beaumont, Texas City Clerk of the City of Beaumont, Texas Coupons on said bonds numbered 53 to 100, inclusive, shall include the following clause after the interest payment date: "unless the bond to which this coupon is attached has been called for prior redemption and payment made or provided for as therein recited.'1 The form of the Comptrollers certificate which shall be printed on the back of each bond shall be substantially as follows: a I hereby certify that there is on file and of record in my office a certificate of the Attorney General of the State of Texas to the effect that this bond has been examined by him, as required by law, and that he finds that it has been issued in conformity with the Constitution and laws of the State of Texas, and that it is a valid and binding obligation upon said City of Beaumont, Texas, and said bond has this day been registered by me. Witness my hand and seal of office at Austin, Texas, this, the day of , 1947. Comptroller of Public Accounts of the State of Texas It is further ordained that for the purpose of paying the interest on said STORM SEWER IMPROVEMENT BONDS, SERIES 1947, 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 -15- City of Beaumont, Texas, shall be annually assessed and collected, and a,tax of $.01 on each $100 valuation of all taxabl© property within the City of Beaumont, Texas, is here and now levied for the year 1947, and said tax, or so much thereof as shall be necessary or in addition there- to .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. SECTION 3 That the City of Beaumont, Texas, shall issue bonds, as hereinafter prescribed, for and on behalf of and upon the credit of the City of Beaumont, Texas, as follows: 0500,000 principal amount of SEWERAGE SYSTEM IMPROVEMENT BONDS, SERIES 1947, for the purpose of improving; extending, and reapiring the sewerage system of the City of Beaumont, to be dated September 1, 1947, and to mature serially on September 1, of each year, and in the amounts as follows: dJ/l� I Bond Number Maturity Date Amount - 1 to 14 inc. September 1 1948 14 000 15 to 28, inc, September 1, 1949 14,000 29 to 43; inc. September 19 1950 15,000 44 to 58, inc, September 10 1951 150000 59 to 750 inc. September 10 1952 17,000 76 to 920 inc, September 12 1953 17,000 93 to 109, inc, September 1, 1954 17,000 110 to 127, inc. September 10 1955 18,000 128-to 145, inc. September 1, 1956 18,000 146 to 163, inc. September 10 1957 18,000 164 to 182, inc. September- 1, 1958 19,000 183 to 201, inc. September 10 1959 19,000 202 to 221, inc. September 11 1960 20,000 222 to 2410 inc. September 1, 1961 20,000 242 to 2632 inc, September .1, 1962 22,000 264 to 2.85, inc. September 1, 1963 22,000 286 to 307, inc. September 1, 1964 22,000 308 to 330, inc. September 1, 1965 2Z9000 331 to 353, inc: September 10 1966 23,000 354 to 3769 inc. September 1, 1967 238000 377 to 4000, inc. September 19 1968 240000 401 to 424, inc. S©ptember 10, 1969 24,000 425 to 449, inc. September 1, 1970 25,000 450 to 474, inc, September 1,,1971 25,000 .475 to 500, inc. September 1, 1972 26,000 The City of Beaumont expressly reserves the right to redeem any one or all of the bonds numbered 264 to 500, in- clusive, prior to maturity, on September 1, 1962, and on any interest payment date thereafter, provided notice of such redemption is published in a financial publication in w16- the City of New York, New York, at least once not less than thirty (30) days before the time fixed .for prior payment, and: thirty (30) days' notice in writing is given to the place of payment before the time so fixed for prior redemption, and the money for their redemption or payment, including the inter- est then due, shall have been deposited with the paying agent within ten (10) days prior to or on the date required for payment. If upon the happening of the above condition said bonds are not presented for payment they shall not thereafter bear interest. Unless on or prior, to the redemption date the City shall pay or cause to be paid to the paying agent the principal amount of the bonds to be redeemed, or make funds available to the paying agent therefor, together with interest thereon to date of redemption, such redemption shall fail and said bonds shall continue to be in full force and effect the same as if -such redemption proceedings had never been started, and interest on said bonds shall continue to run until maturity and payment or .subsequent redemption, as provided herein. Said bonds shall bear interest at the rates as follows: annum Bonds numbered 1 to 182, both inclusive, at 21% per Bonds numbered 183 to 5002 both inclusive, at 2,, per annum which interest shall be payable on March 1, 1948, and thereafter semi-annually on September 1 and March 1, of each ye ar . The principal and interest on said series of bonds shall be payable upon presentation and surrender of the bonds or proper coupons at The First National Bank of Beaumont, Beaumont, Texas, or at The National City Bank of New York, New York. That said bonds and coupons to be attached thereto, and the State Comptroller 's certificate of registration to be' endorsed thereon, are to be in the following forms, respectively, with proper `omissions, insertions, and variations, permitted or otherwise, as herein provided, , No. 1 $10000.00 -017.R UNITED STATES OF AMERICA STATE OF TEXAS COUNTY OF JEFFERSON CITY OF BEAUMONT SEWERAGE SYSTEM IMPROVEMENT BOND SERIES 1947 KNOVd ALL MEN BY THESE PRESENTS: That the City of Beaumont, of Jefferson County, Texas, for value received, acknowledges itself indebted to and hereby promises to pay to bearer, ONE THOUSAND DOLLARS ($1,0.00.00) in lawful money of the United States of America, on the 1st day of September, 1948, with interest thereon from date hereof until paid at the rate of 21,% per annum, interest payable March 1, 1948,,and semi -annually -thereafter on September 1 and March 1, of each year, on presentation and surrender of the annexed interest coupons as they severally mature. Both principal and interest of this bond are payable at The First National Bank of Beaumont, Beaumont, Texas, or at The National City Bank of New York, New York at the option of the holder; and the City of Beaumont, Texas, is hereby held and firmly bound, and its full faith and credit and all taxable real and personal property therein are hereby pledged for the prompt payment of the principal of this bond and the interest thereon as it matures. :The City of Beaumont, Texas, hereby expressly reserves the right to redeem. this bond prior to maturity, on -September 1, 1962, and on any interest payment date thereafter provided notice of such redemption is published in a financial publi- cation in the City of New York, New York, at least once not less than thirty (30) days before the time fixed for prepayment and thirty (30) days' notice in writing is gi -en to the place of payment before the time so fixed for prior redemption, and the money for its redemption or payment, including interest then due, shall have been deposited with the paying agent within ten (10) days prior to or on the date required for payment. If upon the happening of the.above condition said bond is not presented for payment it shall not -18- 1 thereafter bear interest. Unless on or prior to the redemption date the City shall pay or cause to be paid to the paying agent the principal amount of this bond,. or make funds available to the paying agent therefor, together with interest thereon to date of redemption, suph redemption shall fail and said bond shall continue to be in full force and effect the same as if such redemption proceedings were never started, and interest on said bond shall continue to run until maturity and payment or subsequent redemption. This bond is one of a series of 500 bonds, of the denomination of one thousand dollars ($11,000.00) each, numbered consecutively from 1 to 5001 inclusive, each -of said bonds being of like tenor and effect-, except as to number, rate of interest, and maturity, and option of redemption be- fore maturity, issued by the City of Beaumont, Texas, for the purpose of improving, extending, and repairing the sewerage system of the City of Beaumont, issued under and by virtue of the Constitution and laws of the State of Texas and the Charter of the City of Beaumont, adopted December 30, 1919, and in strict conformity with Article 11, Section 5, of the w Constitution of the State of Texas, and Articles 1175, et seq.' and the amendments thereto, of the Revised Civil Statutes of Texas, and all laws thereunto enabling. It is hereby certified and recited that the issuance of this bond, and the series of which it is a part, is -duly authorized by law and by a majority vote of the resident qualified electors of the City of Beaumont, Texas, who own taxable property in said City and who have duly rendered the same for taxation, voting at an election held for the purpose within the City. of . Beaumont on the 21st day of June, 1947, pursuant to an ordinance duly passed on the 3rd day of June, 1947,-ordering said election. It is hereby certified, recited, and declared that the issuance of this bond and the series of which it is a part is duly authorized by law and that all acts, conditions, and things required to be done precedent to and in the issuance -19- C OJ?_' Ct of this bond and of the series of which it is a part have been properly done, have happened and been performed in regular and due time, form, and manner, as required by law; that sufficient and proper provisions for the levy and collection of an ad valorem tax have been made, which when collected shall be appropriated exclusively to the payment of this bond and of the series of which it is a part, and to the payment of the interest coupons hereto annexed as the same shall become due and payable, and that the total indebtedness of the City of Beaumont, including the entire series of bonds of which this is one, does not exceed any constitutional or statutory limitation. It is hereby recited, certified, and declared that the additional tax levied and made necessary to be levied in order to provide for the interest and principal.of this issue of bonds, together with the rate of tax existing at the time of the issuance of these bonds, is within the limitaticas of the Constitution and laws of the State of Texas and the Charter of the City of Beaumont. The date of this bond, inconformity with the ordinance above mentioned, is September 1, 1947. In witness whereof, the City Commission of the City of Beaumont, -Texas, has caused the corporate seal of the City of Beaumont to be affixed hereto.and this bond to be signed by its Mayor and countersigned and attested by its Catty Clerk, and the interest coupons hereto attached to be executed by the facsimile signatures of its Mayor and its City Clerk, as of the lst day of September, 1947. Mayor of the City of Beaumont, Texas Attest: City Clerk of the City of Beaumont, Texas *(This paragraph should be omitted from bonds numbered 1 to 263, inclusive).. The form of interest coupons attached to said bonds shall be substantially as follows: No. 1 •20- On the 1st day of March, 1948, the City of Beaumont® Texas, will pay to bearer at The First National Bank of Beaumont, Beaumont® Texas, or at The National City Bank of New York, New York the sum of in lawful money of the United States of America, said sum being six months' interest due that day on its SEWERAGE SYSTEM IMPROVEMENT BOND, SERIES 1947, bearing the number hereinafter specified$ dated September 1, 1947. Bond No. Mayor of the City of Beaumont, Texas City Clerk of the City of Beaumont, Texas Coupons on siad bonds numbered 264 to 500,.inclusive, shall include the following clause after the interest payment date: "unless the bond to which this coupon is attached has been called for prior redemption and payment made or provided for as therein recited." The form of the Comptroller's certificate which shall be printed on the back of each bond shall be substantially as follows: OFFICE OF COMPTROLLER REGISTER NO. STATE OF TEXAS I hereby certify that there Is on --file - and --of record. in my office a certificate of the Attorney General of the State of Texas to the effect that this bond has been examined by him, as required by law, and that he finds that it has been issued in conformity with the Constitution and laws of the State of Texas, and that is is a valid and binding obligation upon said City of Beaumont, Texas, and said bond has this day been registered by me. Witness my hand and seal of office at Austin, Texas, this the day of 1947. Comptroller of Public Accounts of the State of Texas It is further ordained that for the purpose of paying the interest on said SEWERAGE SYSTEM IMPROVEMENT BONDS, SERIES 1947, and to create a sinking fund to pay the various in- stallments 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, ­21- and a tax of $.045 on each $100 valuation of all taxable property within the City of Beaumont, Texas, is here and now levied for the year 1947, and said tax, or so much there- of as shall be necessary or in addition thereto as may be required, is hereby levied for each succeeding year whila said bonds or any of them are outstanding, and the same shall be annually assessed and collected and applied to the purpose named. SECTION 4 That the City of Beaumont, Texas, shall issue bonds, as hereinafter prescribed, for and on behalf of and upon the credit of the City of Beaumont, Texas, as follows: $100,000, principal amount of FIRE STATIONS IMPROVEMENT BONDS, SERIES 1947, for the purpose of building, improving, repairing and equipping fire stations, and the purchase.of necessary appurtenances,and appliances, and acquiring necessary sites therefor, to be dated September 1$ 1947, and to mature serially on September 1, of each year, and in the amounts as follows: Bond Number Maturity Date Am. 1 and 2. September 1p 1948 $z,000 3 to 50 inc. September 1, 1949 3,000 6 to 8, inc. September 19 1950 3p000 9 to 110 inc. September 1, 1951 30000 12 to 149 inc: September 1; 1952 3,000 15 to 17, inc; September 1, 1953 3,000 18 to 200 inc. September 10 1954 3,000 21 to 24, ine" September 1; 1955 40000 25 to 280 inc. September 1, 1956 4.3,000 29 to 3a, inc. September 1, 1957 4,000 33 to 36, inc; September 1; 1958 4,000 37 to 40, inc. September 1, 1959 49,000 41 to 440 inc. September 1, 1960 4,000 45 to 489 inc. September 1, 1961 49000 49 to 52, inc. September 10 1962 4p000 53 to 560 inc. September 19 1963 4,000 57 to 608. inc. September 1, 1964 4,000 61 to 650 inc.. September 1, 1965 50,000 66 to 70, inc. September 1$ 1966 50,000 71 to 75, inc. September 1, 1967 50000 76 to 80, inc. September 1, 1968 5a000 81 to 85.p inc. September 1, 1969 5,000 86 to 900 inc. September 1, 1970 5,000 91 to 950 inc. September 10 1971 5,000 96 to 100, inc. September 1, 1972 5,000 The City of Beaumont expressly reserves the right to redeem any one or all of the bonds numbered 53 to 100, inclusive, prior to maturity, on September 1, 1962, and on any interest payment date thereafter, provided notion of �22- such redemption is published in a financial publication in the City of New York, New York, at least once not less than thirty (30) days before the time fixed for prior payment, and thirty (30) days' notice in writing is given to the place of payment before the time so fixed for prior redemption, and the money for their redemption or payment, including the interest then due, shall have been deposited with the paying agent within ten (10) days prior to or on the date required for payment. If upon the happening of the above condition said bonds are not present-\ for payment they shall not thereafter bear interest.) nless on or prior to the redemption date the City s2ra11 pay or caused to be paid to the paying agent the principal amount of the bonds to be redeemed, or make funds available to the paying agent therefor, together with interest thereon to date of redemption, such redemption shall fail and said bonds shall continue to be in full force and effect the same as if such redemption proceedings had never been started, and interest on said bonds shall continue to run until maturity and payment or subsequent redemption, as provided herein. annum 'Said bonds shall bear interest at the rates as follows: Bonds numbered 1 to 36, both inclusive., at 2', per Bonds numbered 37 to 1001, both inclusive, at 2e per annum which interest shall be payable on March 1, 1948, and thereafter semi-annually on September 1 and March 1, of each year. The principal and interest on said series of bonds shall be payable upon presentation and surrender of the bonds or proper coupons at The First National Bank of Beaumont, Beaumont, Texas, or at The. National City Bank of New York, New York. That said bonds and coupons to be attached thereto, and the State Comptroller°s certificate of registration to be endorsed thereon, are to be in the following forms, respectively, with proper omissions, insertions, and variations, permitted or otherwise, as herein provided. -23- No. 1 o $1,000.00 UNITED STATES OF AITRICA STATE OF TEXAS COUNTY OF JEFFERSON CITY OF BEAUMONT FIRE STATIONS IMPROVEIMNT BOND SERIES 1947 KNO1.1 ALL MEN BY THESE PRESENTS: That the City of Beaumont, of Jefferson County, Texas, for value received, acknowledges itself indebted to and hereby promises to pay to bearer, ONE THOUSAND DOLLARS ($1,000.00) in lawful money of the United States of America, on the 1st day of September, 1948, with interest thereon from date hereof until paid at the rate of 2e, per annum, interest payable March 1, 1948, and semi-annually thereafter on Septemher 1 and March 1, of each year, on presentation and surrender of the annexed interest coupons as they severally mature, Bond principal and interest of this bond are payable at The First National Bank of 3eaumont, Beaumont, Texas, or at The National City Bank of New York, New York at the option of the holder; and the City of Beaumont, Texas, is hereby held and firmly bound, and its full faith and credit and all taxable real and personal property therein are hereby pledged for the prompt payment of the principal of this bond and the interest thereon as it matures, -;The City of Beaumont, Texas, hereby expressly reserves the right to redeem this bond prior.to maturity, on September 10 1962, and on any interest payment date thereafter provided notice of such redemption is published in a financial publication in the City of New York, New York, at least once not less than thirty (30) days before the time fixed for prior payment and thirty (30) days' notice in writing is given to the place of payment before the time so fixed for prior redemption, and the money for its redemption or pay- ment, including interest then duo, shall have been deposited with the payment agent within ten (10) days prior to or on the date required for payment. If upon the happening of the above condition said bond is not presented for payment it shall -24- not thereafter, bear interest. Unless on or prior to the?G 1 f redemption date the City shall pay or cause to be paid to the paying agent the principal amount of this bond, or make funds available to the paying agent therefor, together With interest thereon to date of redemption, such redemption shall fail and said bond shall continue to be in full force and effect the same as if such redemption proceedings were never started, and interest on said bond shall continue to run until maturity and payment or subsequent redemption. This bond is one of a series of 100 bonds, of the denomination of one thousand dollars ($1,000.00) each, numbered consecutively from l to 100, inclusive, each of said bonds being of like tenor and effect, -except as. to number, rate of interest, and maturity, and option of redemption before mauurity, issued by the City of Beaumont, Texas, for the purpose of building, improving, repairing and equipping fire stations, and the purchase of necessary appurtenances and appliances, and acquiring necessary sites therefor, issued under and by virtue of the Constitution and laws of the State of Texas and the Charter of the City of Beaumont, adopted December 30, 1919, and in strict conformity with Article ll, Section 5, of the Constitution' of the State of Texas, and Articles 1175, et seq., and the amendments thereto, of the Revised Civil Statutes of Texas, and all laws thereunto enabling, It is hereby certified and recited that the issuance of this bond, and the series of which it is a part, is duly authorized by law,and by a majority vote of the resident qualified electors of the City of Beaumont, Texas, who own taxable property in said City and who have duly rendered the same for taxation, voting at an election held for the purpose within the City of Beaumont on the 21st day of June, 1947, pursuant to.an ordinance duly passed on the 3rd day of Juno, 1947, ordering said election. It is hereby oertified, recited, and declared that the issuamoo of this bond and the series of which. it is a part is duly authorized by law and that all acts, conditions, and things required to be done precedent to and in the issuance bf this bond and of the series of veh ich it is a part have been properly done, have happened and been performed in -25- regular and due time, form, and manner, as required by law; that sufficient and proper provisions for the levy and collection of an ad valorem tax have been made, which when collected shall be appropriated exclusively to the payment of this bond and of the series of which it is a part, and to the payment of the interest coupons hereto annexed as the same shall become due and payable, and that the total indebtedness of -the City of Beaumont, including the entire series of bonds- - of which this is one, does not exceed any constitutional or statutory limitation. It is hereby recited, certified, and declared that the additional tax levied and made necessary to be levied in order to provide for the interest and principal of this issue -of bonds, together with the( tonds, te of tax existing at the time of the issuance of these is within the - limitations of the Constitution and laws of the State of Texas and the Charter of the City of Beaumont. The date of this bond, in conformity with the ordinance above mentioned, is September 1, 1947. In witness whereof, the City Commission of the City of Beaumont, Texas, has caused the corporate seal of the City - of Beaumont to be affixed hereto and this bond to be signed by its Mayor and countersigned and attested by its City Clerk, and the interest coupons hereto attached to be exocuted by the .facsimile signatures of its Mayor and its City Clerk, as of the 1st day of September, 1947. Mayor of the City of Beaumont, Texas Attest: City Clark of the City of Be aumont , Texas *(This paragraph should be omitted from bonds numbered 1 to 52, inclusive). The form of interest coupons attached to said bonds shall be substantially as follows: No. 1 0 On the lst day of March, 19489 the City of Beaumont, Texas, will pay to bearer at The First National Bank of Beaumont, Beatmlont,Texas, or at The National City Bank of -26- '� T Now York, New York the sum of in lawful money of the United States of America, said sum being six months' interest due that day on its FIRE STATIONS IMPROVEMENT BOND, SERIES 1947, bearing the number hereinafter specified, dated September 1, 1947. Bond No. Mayor of the City of Beaumont, Texas City Clerk of the City of Beaumont, Texas Coupons on said bonds nunbered 53 to 100, inclusive, shall include the following clause after the interest payment date: "unless the bond to which this coupon is attached has been called for prior redemption and payment made or provided for as therein recited."' The form of the Comptroller's certificate which shall be printed on the back of each bond shall be substantially as follows: OFFICE OF COMPTROLLER REGISTER NO. STATE OF TEXAS I hereby certify that there is on file and of record in my office a certificate of the Attorney General of the State of Texas to the effect that this bond has been examined by him, as required by law, and that he finds that it has been issued in conformity with the Constitution and laws of the State of Texas, and that it is a valid and binding obligation upon said City of Beaumont, Texas, and said bond has this day been registered by me. Witness my hand and seal of office at Austin, Texas, this, the day of 1947. Comptroller of Public Accounts of the State of Texas It is further ordained that for the purpose of paying the interest on said FIRE STATIONS IMPROVEMENT BONDS, SERIF S 1947, and to create a sinking fund to pay.the various in- stallments of.principal as the same shell 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 $,01 on each $100 valuation of all -27- taxable property within the City of Beaumont, Texas, is here and now levied for the year 1947, 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. -28- LI SECTION 5 That the City of Beaumont, Texas, shall issue bonds, as hereinafter prescribed, for and on behalf of and upon the credit of the City of Beaumont, Texas, as follows: 050,000, principal amount of POLICE STATIOITS D,_PROVEYENT BONDS, SERIES 1947, for the purpose of building, improving, repair- ing, and equipping police stations, and the purchase of necessary appurtenances and appliances, and acquiring necessary sites therefor, to be dated September-1, 1947, and to mature'serially on September 1, of each year, and in the amounts as follovas : Dcai X ber TJaturity Date 1 September 1, 1948 2 September 1, 1949 3 September 1, 1930 4. September 1, 1951 5 and 6 September 11 1952 7 and 8 September 1, 1953 9 and 10 Septeraber 1, 1954 11 and 12 September 1, 1955, 13 and 14 September 1, 1956 -3-� and 16 September 1, 1957 17 and 18 Se;Dteinber 1, 1958 19 and 20 September 1, 1959 1;) 21 and 22 September 1; 1960 23 25 and and 24 26 September Septe_�Zber 1, 1, 1961 1962 27 and 28 September 11 1963 29 and 30 September 1, 1964 31 and 32 September 1, 1965 33 and 34 September 1; 1966 35 and 36 September 1, 1967 37 and 38 September 1, 1968 39 to 41, inc. Septe_ber 1, 1969 42 to 44; inc. September 1; 1970 45 to 47; inc. epte_tiber 1., 1971 48 to 503, inc. September 1, 1972 Amount 1, 000 1,000 1,000 1; 000 2,000 2,000 2,000 2,000 2.000 21000 2,000 2,000 2,000. 2,000 2,000 2, 000 23000 2,000 2,000 2,000 2,000 3;000 3,000 3,000 3,000 The City of £eaumont expressly reserves the right to re- deem any one or all of the bonds nui:ibered 27 to 50, inclusive, prior to maturity, on September 1, 1962, and on any interest payment date thereafter, provided notice of such redemption is published in a financial publication in the City of New York, New York, at least once not less than thirty (30) days before the time fixed for prior payment, and thirty (30) days' notice in writing is given to the place of payment before tie time so fixed .for prior redemption, and the money for their redemption or payment, including the interest then due, shall have been deposited with the paying agent within ten (10) days prior to or on the date required for payment. If upon - 29 - the happening of the above condition said bonds are not presented for payment they shall not thereafter bear interest. Unless on or prior to the redemption date the City shall pay or cause to be paid to the paying agent the principal amount of the bonds to be redeemed, or make funds available to the paying agent therefor, together with interest thereon to date of redemption, such redemption shall fail and said bonds shall continue to be in full force and effect the same as if such redemption proceedings had never been started, and interest on said bonds shall continue to run until maturity and pay- ment or subsequent redemption, as provided herein. Said bonds shall bear interest at the rates as follows: Bonds numbered 1 to 18, both- inclusive, at 2 % per annum Bonds numbered 19 to 50, both inclusive, at 2.% per annum which interest shall be payable on March 1, 19481 and thereafter semi-annually on September.l and March 1, of each year. The principal and interest on said series of bonds shall be payable upon presentation and surrender of the bonds or proper coupons at The First National Bank of Beaumont, Beaumont, Texas, or at The National City Bank of New York, New York. That said bonds and coupons to be attached thereto, and the State Comptroller's certificate of registration to be endorsed thereon, are to be in the following forms.. -respectively, with proper omissions, insertions,•and variations, permitted or otherwise, as herein provided: NO. 1 01,000.00 UNITED STATES OF AMERICA STATE OF TEXAS COUNTY OF JEFFERSON CITY OF BE UMONT POLICE STATIONS IMPROVE12INT BOND SERIES 1947 KNOViT ALL IIEN BY THESE PRESENTS: That the City of Beaumont, of Jefferson County, Texas, for value received, acknowledges itself indebted to and hereby promises to pay to bearer, O N E T H O U S A N D D 0 L L A R S ($1,000.00) in lawful money of the United States of America, on the ist day of September, 1948, with interest thereon from date hereof f per annum, interest payable March 1, until paid at the rate of 2 - 30 - 1948, and semi-annually thereafter on September 1 and Mlarch 1, of each year, on presentation and surrender of the annexed interest coupons as they severally mature. Both principal and interest of this bond are payable at The First National Bank of Beaumont, Beaumont, Texas, or at the National City Bank of New York, New York, at the option of the holder; and the City of Beaumont, Texas, is hereby held and firmly bound, and its full faith and credit -and all taxable real and personal property therein are hereby pledged for the prompt payment of the principal of this bond and the .interest thereon as it matures. ::The City of Beaumont, Texas, hereby expressly reserves the right to redeem this bond prior to maturity, on September.l, 1962, and on any interest payment date thereafter provided notice of such redemption is published in a financial publication in the City of New York, New York, at least once not less than thirty (30) days before the time fixed for prior payment and thirty (30) days' notice in writing is given to the place of payment before the time so fixed for prior redemption, and the money for its re- demption or payment, including interest then due, shall have been deposited with the paying agent within ten (10) days prior to or on the date required for payment. If upon the happening of the above condition said bond is not presented for payment it shall not thereafter bear interest. Unless on or prior to the redemption date the.City shall pay or cause to be paid to the paying agent the principal amount of this bond, or make funds available to the paying agent therefor, together with interest thereon to date of redemption, such redemption shall fail and said bond shall continue to be in full force and effect the same as if such redemption pro- ceedings were never started, and interest on said bond shall con- tinue to run until maturity and payment or subsequent redemption. fl This bond is one of a series of 50 bonds of the denomin- ation of one thousand dollars ($1,000.00) each, numbered consecu- tively from 1 to 50, inclusive, each of said bonds being of like tenor and effect, except as to number,rate of interest, and maturity, and option of redemption before maturity, issued by the City of - 31 - Beaumont, Texas, for the purpose of building, improving, repairing, and equipping police stations, and the purchase of necessary ap- purtenances and appliances, and acquiring necessary sites therefor, issued up -der and by virtue of the Constitution and laws of the State of Texas and the Charter of the City of Beaumont, adopted December 302 1919, and in strict conformity with Article 110 Section 5, of the Constitution of the State of Texas, and Articles 1175, et seq., and the amendments thereto, of the Revised Civil Statutes of Texas, and all laws thereunto enabling. It is hereby certified and recited that the issuance of this bond, and the series of which it is a part, is duly authorized by law and by a majority vote:of the resident qualified electors of the City of Beaumont, Texas, who own taxable property in said City and who have duly -rendered -the same for taxation, voting at an election held for the purpose within the City of Beaumont on the 21st day.of June, 1947, pursuant to an ordinance duly passed on the 3rd day.of June, 1947,, ordering said election. s It is hereby certified, recited, and declared that the is- suance of this bond ar_d'the series of which it is a part is duly authorized"by law and that all acts, conditions, and things required to be done precedent to and in the issuance of this bond and of the series of which it is a part have been properlIT- done have hap- tened and been performed in regular and due -time, form, .and manner, as required by law; that sufficient and proper provisions for the levy and collection of an ad valore��� tax have been made, which when collected shall be appropriated exclusively to the payment of this bond and of the series of which it is a part, and to the payment of the interest coupons hereto annexed as the same shall become due and payable, and that the total indebtedness of the City of Beau- mont, including the entire series of bonds of which this is one, _does not exceed any constitutional -or statutory _liinitation. It is hereby recited, certified, and declared that the additional tax levied and made necessary to be levied in order to provide for the interest and principal of this.issue of bonds, together with the rate of tax existing at the time of the issuance of these bonds, is within the limitations of the Constitution and laws of the State of Texas and the Charter of the City of Beaumont. - 32 - The date of this bond, in conformity with the ordinance above mentioned, is September 1, 1947. In witness whereof, the City Commission of the City of Beaumont, Texas, has caused the corporate seal of the City of Beau- mont to be al -"fixed hereto and this bond to be signed by its Mayor and countersigned and attested by its City Clerk, and the interest coupons hereto attached to be executed by the facsimile signatures of its Mayor and its City Clerk, as of the 1st day of September, 1947. Mayor of the City of Beaumont, Texas Attest: City Clerk of the City of Beaumont, Texas ::(This paragraph should be omitted from bonds numbered 1 to 26, inclusive). The form of interest coupons attached to said bonds shall. be substantially as follows: No. 1 On the 1st day of I,Iarch, 1948, the City of Beaumont, Texas, will pay to bearer at The First National Bank of Beaumont,.Beaumont, z Texas, or at The National City Bank of New York, New York, the sum of vG in lawful money of the United States of America, said sum being six months' interest due that day on its POLICE STATIONS IMPROVEMENT BOND, SERIES 1947, bearing the number herein- after specified, dated September 1, 1947. Bond I?o. Mayor of the City of Beaumont, Texas City Clerk of the City of Beaumont, Texas Coupons on said bonds numbered 27 to 50, inclusive, shall include the following clause after the interest payment date: "unless the bond to which this coupon is attached has been called for prior redemption and payment made or provided for as therein recited. The form of the Comptroller's certificate which shall be printed on the back of each bond shall be substantially as follows; 11 OFFICE OF COEPTROLLER STATE Or TEXAS R2GISTER NO. - 33 - (e I hereby certify that there is on file -and of record in my office a certificate of the Attorney General of the State of Texas to the effect that this bond has been examined by him, as re- quired by law', and that he finds that it has been issued in conform- ity with the Constitution and Laws of the. State of Texas, and that it is a valid and binding obligation upon said City of Beaumont, Texas, and said bond has this day been registered by me. Witness my hand and seal of office at Austin, Texas, this, the day of 1947. Comptroller of Public Accounts of the State of Texas It is further ordained that for the purpose of paying the interest on said POLICE STATIONS IMPROVEIZI NT BONDS, SERIES 1947, and to create a sinking, fund to pay the various installments of principal as the same shall respectively mature, a sufficient tax on each Y;100 valuation of all taxable property in the City of 41 Beaumont, Texas, shall be annually levied on said property and annually assessed and collected, and a tax of v.005 on each yp100 valuation of all taxable property within the City of Beaumont, Texas, is here and now levied for the year 1947, 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. SECTION 6 That each of said bonds shall be signed by the Mayor and countersigned by the City Clerk of the City of Beaumont, and the corporate seal'of the City of,Beaumont, Texas, shall be impressed upon each of . them. The f ac s imile ' signatures of the Mayor and Clty Clerk may be printed or lithographed on said bonds, and said fac- simile signatures shall have the same effect as if -they had, been executed manually by said officials. SECTION 7 The Mayor of the City of Beaumont is hereby directed to submit the record of said bonds and the bonds themselves to the Attorney General of the State of Texas for approval, and thereafter to have them registered by the Comptroller of the State of Texas, - 34 - � Ar Y/r and said bonds, when properly executed by the City Officials, shall be held by the Mayor of the City of Beaumont to be delivered by the Mayor to the purchaser or purchasers thereof. The Mayor and City Clerk are authorized and directed to do any and all things necessary and convenient to effect delivery thereof to the purchaser. SECTION 8 All ordinances and parts of ordinances and all resolutions and parts of resolutions inconsistent with the provisions of this ordinance are hereby rescinded and repealed in so far as same may conflict herewith, and it is further provided that if any portion of this ordinance shall be declared invalid, such invalidity shall in no way affect the remaining valid portion thereof. SECTION 9 The fact that the present streets of the City of Beaumont are in serious need of immediate repair; and the storm sewers of the City.of Beaumont are wholly inadequate, causing overflow and damage to the property of the people of Beaumont by reason of storm waters; and the present sewerage system of the City of Beaumont is now wholly inadequate for the demands placed upon it, causing con- gesting of sewerage mains and resulting stagnation which is injur- ious to the health and lives of the people of the City of Beaumont; and the fire stations and police stations are inadequate to serve the people of the City of Beaumont; each and all of which conditions create an imperative public emergency necessitating the suspension of the rule requiring ordinances to be read on three separate days before th,1-ir passage, and said rule is hereby suspended a nd this ordinance shall take effect from and after the date of its passage. PASSED, this, the 26th day of August, 1947, by the affirm- ative vote of all members of the City Commission of the City of Beaumont, Texas. /s/ OTHO PLUMMIER Mayor of the City of Beaumont, Texas 35 -