Loading...
HomeMy WebLinkAboutORD 6-Ga df � q ,I150000 "iFsia };.. x. T 4 ;wr ��a f�T' ..�3ltr (3 y.�p TT ��� :�._'� ji, e' T'%':.i�~F� Ss{.:'T '::Ci ��f ��li���� !� ..L'({� :1D co �',, ► �..1�.,�1fs; t �i�l".iV .�—iJ.L .r �'}A' i`'t�y .tiu ` f. a.'t %1•��./ Vir, {S K F,;:J. .r�lc. ��� �� .- d.l• tt k ti it i�•it' 'i4�}TV �t�u7 .� 4. �.4 �7i LiG Y,..��♦2'R C)y�!-� I. T'21 t�?`If u.� yyi s i r 2„� �. ;.7 i Ci. J. ,. �t. l it y... tt.L T �y ,J( ". •R SJ - r77..i` s �j ._�td .f. I Jj`-, '� }. s �a •y F}1i !'°74 �'.�. �.i ,'v :_ f�. �trJ'� , .e It orresri.ng af.firrAtively to the city the City of Dearmont hay xieretofOre i,%e,ued "f,7E)#000 City of �oaunont Sewern!70 Bonds � dated Jung 1, 1�1, bearing intez'c�s-t at ti;.e rate of 5N per sonar', maturing forty' Tears after their u�it�� oPti.s�?� of redomptiOn at an ti. _e after twenty years date, y n "ram, their da�e, and tr:at .'!73,9000 of suck. bonds are still out ,'end it t1i rthor apT'eax'irag a fir to the City am miss San that the �Ci.ty of Be+�;Amozat h is heretofore issued ''7:,,Q00 mont tiAw'er'a.c`e 'Bonds, dated DecembOr 1, 1906, bearinAR Citi of Beaur-��►rs ai"tt�r ' maturing forty y interest at the rate of 5Je per annt�►, their date,, with option of reftmptiOn at any Bice® utter twenty and tYiat = ?,000 of such bonds are still years from Outstanding; i�nd t further appearing to the G,pmisaion teat all of the hereimbefore described bonds have reached their optiOnsl date and that it is advisable and to t�^e best interests of the Y Cit ' of Beaumont that they 51;.0uld be oall.ed for redemption and should be refunded at a lower rate of interest, as hereinafter more fully set out, by the issuance of the. hereinafter described refuyAlng bonds i T. �?�3 i�®ttL', BL,, IT 011DAI }'T' ;0 BY T c c CITY Z >'. }? ti ? ; CI9'Y t)'t $i.F�� i "0T. :section 1. That refunding bonds of said oitl# to be called CITY be r�:` �_'i'J`: ;: `;; :;��::,.•"._:.E;.r, cif-:4 ,. issued ux or and by virtue of t.ie Constitution and laxs of the 4 1 btate of `fie as, and the Charter of one City of Baawmont,. in- cluding Artic.los 71.7 an 725 i"evised .Civil. Statutes ,o 10251, Section16 s 6t� as e,c pion 9 s of tile Charter Of the ciy of a=ont to the amount . of 000 f OV tho p --T xVpo!= e- of refundin, and caneell.ing, s"i%d- in -1.1 ?'tJl of �L..like a.i° oiznt of Vae he1`oii-,,before des oribed outatnading ponds of the City of peaumcnt. section 2. That such bonds,.shall numbered cco-secutive17 from I to 115 ln.cln-sive, shall be of the € enonAnati,,,z of y000 es oh, agp..regating f 315,,0000 seetion That -they' -slia 1 l be da t;ed Apr11 1 y 19,C8 and shall bc- 00,me clue sand, p' aye ble .serially ix,, t3heir numerical order as Number ate, of i`atur A2:IE')unt I , ^ y zt s 5Apr i1 11 3.: a • -5.000 .1r2 le)923y.p1-11, 19,33 SsQt 26.,27s28129,3o April :�, .. � ,0 0 5131,7)3,34, 35 April is 1936 5,000 42s �t3, 4s v April is 19,3rI 5,CfQ 6 47 s 48, 49 v 5O April 10 1938 5 $ 0L30 57.052,53054055 April, 10 1939 5POOO 1,pril 1, 1g40 5,419b April Is, 1941 50000 G4as�" ,CSs 3,7( i1pri7 1.s X-142 50003 71i22,7u.074,75 April 10 1943 51000 6* t77v78s79y,80 April 1., 1944, 5..000 -8y'��lggs 3 Kn� C3G'7 C7A �EyfLd . - 91. , 92 t g�3 p 94., r75 'y tHPr 11. 10 f � 4-0 / y' .l.�f f004! 0670 97 , 98 0 99 0100, 101.,10`_? ,1t)4 ,1041106 1].1., ,1 ',11�:,1,:- 4011 rr i l 1., 1947 imrll 1., 1948 6ection 4. 100000 10,000 L.ai( bonds s, all bear inter^at ti. Vie rate of 416-' per an -run, the first ye'arOz interest being, r'aya1,3.e April 1, 1020, and the interest being v.aye: "le se--i-annually t'_lereafter on. October 1 and -April, 1 of e+ac}i your. 1. L;eetion 5. Lot3,j rrincil�al and interest off, sucl-o. bonds alall. be pay- able in 'awful none,rah: the United Mates of Aneri+ca upon pre- sen.t.atic,m and surreandar of bo;°:ds cir tir::rer cour;ons at the Office of the Director of 11"inance of tree City of beaunont, at Beauno-,t, Texfis, or at the 3 wvover National Barit- of New 'fork, N.Yj at the option of the holder. aeetlon. 6. 3:iacb of wac'r_ bonds shall be s irned by the P'a=,y or, c ounter- si -wd by the City Clore and reriatered by the Director of-f'k-iance of said city, a+nd tt o seal of the City of Beaumont shall be impress- od upon of 'ZI-e fachimilc si,Fnatures of the 4:ayor and the City :1.or�c nw7v be lit►-.oprarhed or printed uT,on the coupons attached to said bonds an 131--call :Weave tf)e same effect as If tl-,ey Maud been s1pned by tl,wl- 1�ieftlon 7. '11- at suer- bonds shall be 3n fore and contain recitals substantially as 4001.1.01vas No. ll0.000 CITY tyF 12:AU,`yO-T Oh I r -,}N.1 3 . AL ;.� ._Y } � , ;1.; a ;'iL �7i �`� � i:p,.t the Cltty of Beaumont in tie :Mate of Vexes, for value received, acknowledges itself indebted and h= reby rrorriises to Fay to bearer on the 1st dry of .April, 19-0, thf, sum -.)f =3- in lawful honey of the V ited States of Annerilm, with interest thereon frcx-i the date hereof at the rate of 412,u per annji - , interest pay!,ble on April 1, 10,29, for the first year and semi-annually thereafter on October 1 and April l of each year, principal and interest payEble upon rresen.tati:� a and surrender of bond or prover couron at t" .o offlee of the Director of Finance cf th.e vity of Beaumont, at. berawnont, Texas, or at the Hanover National'Bank of at the option of the holder New York, 24. Y. / and said city Is herekr geld and f ir-nly bound and its fiAl fEkith, and credit a rd all taxable real a -rid personal property therein are hereby pledged for the prompt payment of tbei principal of this Mond and the interest thereon as it natures. Mils bond is one of a series of one hundred fifteen bonds, numbered consecutively fron 1 to 115 inclusive, of the donomination of :4'1,000 each, aggregating <.•115,,000, and is issued for the �-ur- poser of funding and c;a.r ce+llinp, and in lieu of a like amount of valid outstanding sewerage borAs of said city* under and by virtue of t1 e 4onstituti.on and lags af the btate of Texes, and the Q-2.arter of the City of BeaumoTit Ineluding Articles 717 and 725, devised Civil 1atatutes of 1925, and action 16, Subsection 9, of the Charter of the City of Beaumont, and pursuant to an oi-dinanoe passed by the City bmmission of the City of Beaumont, wl--ich ordinance- is of record in the-Anutes of said Commission. Ore date of trria band in confoin-Ity wlt.' the ordinance above men4ioned, is E}pri l 1, 1924, knd it is h%-.reby certified and recited tha.t the issuanc+* of this bond and the series of which it is a part is duly su.t!:.orizsd by lair, and that all acts, conditions, and things regz fired to be done precedent to and 1n t"o issuance of t",Is band and of the aerie* of V,ieh- it is a. Tp rt h.a.ve been properly done, have happened and been performed in regular and due time, form, and manger as required by law, and that the total indebtedness of said city, including the entire series of boxuls pf wl}i eh this to one, does not exceed any constitution- al or statutory li;itation. 4'e City COIAMdasion of the City of 4eaumont, Texas, has caused its corporate seal to be affixed hereto M4ow ard V hv is bad tO be signed by, its 11avw,, counteraiIvAed by it s City Cierlct and rogi8tered by its Dir-octor of''V'inance'p and the interest 'coupons hereto attached to. bra executed by the facal ile Signatures of its I'Ja_'or and its Clt'y Cleric, as of tho Ist day of April,* A.D* 192A9 'Ity of mdki: be&=57-i �,Ras. �a"T7 FF 5 Diree or FanaF, City o -i nt Section S. Zie form, d! coupons attao'hed to said bo,nds sI-mll be as follovist NO. 2*50 011 ZFEB, Is.t- D!"�Y' C 19—, the. fit", of Beaumont, Texas, pro�Alises -to pav_to bearer at t-he office of the Director of Finance of the 01 1 ty of Beaumont,, at Bewbmont,,, Toxas., or at. t1ho a-anover at the option of the' holder National iAnllc of NOW Yoxk" tilc wri I In lavitful :­.,oney of the Un-Ited 6t''es of Anerica bo in g S mo -.th iz j,-jtcva_-t diza that dat-'-e on its Oaitof Bemambnt O"eweraAe iLerUn(jing ­,beved Lmnd$ O'erioa dlat'od April 1 . interest. - 'fvQ'7' Coupon mr'iba- r One smz l ! be ir-C likro !� mo-m but for Ono ye'ar Is oeation 11,e fellovring eortlfi(mte printed on the back of each bond: —r%— � nl < <i'r •' i hereby .certify that them is on filer weld of .record in my offices a certificate of tizL Atto rrsey Generral of the: State of Texas, to tree effect that ti, i ss bond has been exa . ine3d by him as "quirad by law and that be finds that it !-Las been issued in con - fort i.ty with. the Constitution azzd laws of t'l.e tata of "='ear= s and that it is a va?. id and binding obligation upon said �:it*r Of Beaumont, Texas,, and said bond h-as t, is day b. rn registered by me. I15; i �u y -W hand and sea1 of office at €�ustir_, Texas, t 'is ...,._�.. day of omp ro r o u 1c KcMwnts oi: It "-le estate of Texas faction 10. Be it furt'3er ordaimd bT the City Goers tssiOn of City Of ;t t: � t u ta, on r- 1 table property of said city, suf- ficient to ray t1le Current interest on such. bands &rd to provides a sinking fiord w,, ich t n- raj the nrine:i.ral at *gaturity is horeby levied fors i.d ")rpose and BtiG?" tax of � Cents on e;aah 100 v al.uatioij of tai _zably prcrarty in said city is here nov levied for t?-ie year 1928 and for each sacceeding year �`. i le such bands or any of then area mtstanding and the sa*-je si?.a11 bo assessed ar+d collectod for year 1928 and for male $uccee:I ng year, or so much thereof as i�my be ni)cesiary, and, arr fled. to they rtzrpose na'"ed. i'he taxes hero°tof,-we levied for t.j, pVrros® Cif pa;,Ang they bands being refunded hereby are ratified,, broui7bt forwarr'1, and consolidated into t' A FI 1'1;v7. section 11. it is furt ar ordained til at they Mayor of said C.`ityy is bereby auViorized to take and : ro. re e11orge of said bon -is reandin#* th'sir in- vestigation 'by they Attorneir Gene-ral a-,d registration by the Qomptroller of I-ablic Accounts, and is also authorized, to deliver tllte} a.sme ei.t_ er all at one, tine or In installments in exchange for they surrender and careezlati.on of an equvl am ant of the bereihbefore described bonds that are being refunded,, and in the avezit suet_ deliveries shall, bs -6- 77;ade in install n[ nts, the Lay or is 3-�vreby aut',_orized to deliver ang of ,v },r?,r s :Ln exc ari ;e for the surrender and cancellation of a 1i1ce r3-'-oL' of an- 7 o=' th.o, o:Ld 'ion 1s W,teh ex•e being; refunded. ''e ct ion, 120 'ihe fast that it will, be to the advantage of the financial condition of the City. of Beaumont to complete the re- . t'?mndinq, herein provided constitutes gar; energencey and an in-pPra.tive miblle necessity tbat the rule rea�xirinq ordinences to be rassed at -iore tlian,. one _ .oeting be auspended., and such rule is horeby sus- pended, andth-t this (,rdinance ta'.-c effect and be in force: fr, ors and after its pa s sare , e.r. it i q s o ordained. Y1 � JL t As -21st, day of February , I�,28• A. f�i,aV_:-A) t-13 21 tday of February V'28* ( Signed _J. L. A P i,7.-G_ Mayor Pro Tem XJ5s "tY Of 4*anunont. exa.a RAYMOND EDMONDS (Signed) er , y or Keaumont,__75�xas 1, ti-2e undcrs.i red., City Gl ^r1 of the (pity of F*mutnont, `.iexas, hareby 0006ifRP tho i r] trtle ar.,J correct it ✓ S''� s rj. t ...•'•� ?, iy :i ��'�, of y.b, e i "i y �i` f con; a� o��.y�. �n�e russe� 4.�� G3.��r too. Peal-- .nt, On t>r"!e day of , 1"IP580 and re- corded in wok pages of qf-%r, ;'Brutes of said Uom. Aiia lon,. my of'3`icial ai7nsture t1-.is dn7 of , City C1013k., City of iaamonb ., Texas. - 1 The State of Texas, County of Jefferson i Before me, t e undersigned authority, on t "lis day personally appeared • . . • . • • . . . . . . '.. . , . k own to me, who being by me duly sworn, on his oath de - he.. . .of'the,B1" ' poses and says that he is t • • • •� • I BEAUMONT JOURNAL, a newspaper publish ed in said county; that a cope' of the within and I I .stash publication being on the following dates: foregoing was published in said newspaper, A. D. 192 , , and a newspaper copy of which is hereto at� il. ..r-... I tached. - f /. -'Sworn toJand subscribAd before me, this... day A. D. 194• ' Public Je Person C nty� � Notary as. - LEGAL NOTICES i LEGAL NOTICES � J r 74—Legal Notices 74—Legal Notices i AN ORDINANC�-An ordinance pro- Texas, and the Charter oY t11e City of I' viding for the issuance of S1i5,"' city Beaumont, including Articles 717 and 725, oY Beaumont Sewerage pefundmg .Bonds Revised Civil Statutes of 1925, .andter Sec - for ohe purpose ing City11oY iBeautnont Seam'vere thet Citiy SobSBeaumo it,o andepur ua,nt, to ells Bion of tea tesoannilalllory ou all taxable i. ni ssfoid an n tof thepCitydof Beaumont which property in said city ^ufilcient to pay the ordinauce is oY recolc datetofNtthist bond n9.i and' pzovzde -a' sinking said Coi:it the ordinance above Fo pa:y the principal I 192g, And it is . the Yorn oY recited that_ -,the iss A mission chat the City of Beaumonthas heretofore issued $79,000 City of. Beau- mont Sewerage. Bonds, dated June 1, 1901. bearing interest at the rate of 5 per cent per annum, maturing 40 years after their date, with option of redemption at any time after 20 years from their date, and that $75,000 of such bonds are still out- standing; And it further appearing af- firmatively to the City Commission that the. City of Beaumont has heretofore Is- sued $'15,000 City of Beaumont Sewerage Bonds, dated December 1, 1906, bearing interest at the rate of 5 per cent per annum, maturing 40 years' after their date, with option of redemption at any time after 20 years from .their date, and that $42.000 of such bonds are still •out- standing; And it further appearing to the Commission that all of the herembefore described bonds have reached their op- tional date, and that it is advisable and to the best interests of the. City of Beau- mont that they should be called for re- demption and should be refunded at' a' lower rate -of interest, as hereinafter more fully set out, by the issuance of the here- inafter described refunding bonds; Now, therefore, be it ordainedby the City Com- mission of the. City of Beaumont: Section 1, That refunding bonds of said city, to be called City of Beaumont Sewerage Re- funding Bonds, Series A, be issued under and by virtue of the Constitution and Laws of the State of Texas,. and the Charter of the City of Beaumont, includ- ing Articles 717 and 725 Revised Civil Stat- utes of 1925, and Section 16, Subsection 9, of the Charter of the City of Beaumont to,the amount of $115 000, for the purpose of refunding and cancelling, and in lieu of a like amount of the hereinbefore de- scribed outstanding bonds of the City of Beaumont. . Section 2.. That such bonds .shv,ll.-be numbered consecutively from 1 to 115;. inclusive, shall be of the denomi- nation of $1,000 each, aggregating $115,- 000. 'Section 3. That they shall be dated April 1, 1928, and shall become due and payable serially in their numerical order as follows: which it is a part, is duly auiFofriec `riy T"` �, 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. properly done, have happened and been ' performed in regular and due time, form, - and manner as -required by law, and that the total indebtedness of said city, in- cluding the entire series of bonus, of which this is one, does not exceed' any constitutional or statutory limitation. In witness whereof the City Commission 'of the City of Beaumont, Texas, has caused Its corporate seal to be affixed hereto and - this bond to be signed by its Mayor, coup- '� e tersigned by its City Clerk, and regis- tered by its Director of Finance, and the interest coupons hereto attached to be executed by the facsimile signatures of Its Mayor and its City Cferlc, as ofthe first day of April, A, D. 1928. Mayor, City of Beaumont, Texas. Countersigned: City Clerk, City of Beaumont, Texas. Regis- tered: Director of Finance, City of Beau- mont, Texas. Section ' 8. The form of coupons attached to said bonds shall be substantially as follows: No.- $22.50. On the 1st day of ......... 19..., the City of Beaumont, Texas, promises to pay to bearer at the office of the Director of Finance of the City of Beaumont, at .Beaumont, Texas, -or at the Hanover Na- tional Bank of New York, N. Y., at the, option of the bolder • the sum of Twenty two Dollars Fifty Cents In lawful money of the United States ,of America, being six months' interest due that date on Its City of Beaumont Sewerage. Refunding Bond, Series......, dated April 1,' 1928, numbered..... Mayor. City Clerk. Cou- pon number One shall be in like form but .for one year's interest. Section 9. The following certificate shall be printed on the back of each bond: Office of Comp- troller; The State of, Texas. I hereby cer- tify that there is on file and of record In my office a certificate of the Attorney General of the State of Texas, to the ef- fect that this bond has been examined by him, as required by law, and that lie finds Number- Da to of Maturity Amount 1, 2,3, 4, 5 April 1, 1929 $5 000 6, 7, 8, 9, 10 April 1, 1930 5,000 11,12, 13, 14, 15 April 1, 1931 5,000 16 17, 18, 19, 20 • April 1, 1932 5,000 21;- 22, 23, 24, 25 April 1, 1933 5,000 26, 21, 23, 29, 30 April 1, 1934 5 000 31, 32, 33, 34, 35 April), 1935, 5;000 36, 37, 38, 39, 40 Apr1i. 1: 1936 5,000 -41 42, 43„44, 45 April 1, 1937 5,000 46, 47, 48, 49,50 April 1, 1938 .9,003 51, 52,53, 54, 55 April 1, 1939 5 000 56, 57, 58, 59, 60 April 1, 1940 5,000 61, 62, 63, 64, 65 66, 67, 68,'69, 70 April 1, 1941 April 1, 1942' 5,000 5,000 71, 72, 73, 74, 75 _ April 1, 1943 5,000 76, 77 78, 79, 80 April 1, 1944 5,000 81, 82, 83, 84, 85 April. 1, 1945 -5,000 86, 87, 88, 89 90 91, 92. 93,94, 95 April 1, 1946 10,000 96, 97, 98, 99, 100 ' 101, 102, 103, 104, 105 April 1, 1947 10,000 106 107, 108, 109, 110 111, 112, 113,.114, 115 April 1, 1948 10,000 Section 4.' Said bonds shall bear In- terest at the rate of 41/2 per cent per annum, the first year's interest being pay- able April 1, 1929, and the interest being payable semi-annually thereafter on Octo- ber 1 and April 1 of each year. Section 5. Both principal and interest of such bonds shall be payable in lawful money of the United States of America upon presenta- tion and surrender of bonds or proper cou- pons at the office of the Director of Fi- nance of. the City of Beaumont,;at Beau- mont, Texas, or at the Hanover National Bank of New York, N. Y., at the option of the holder. Section 6. Each of such bonds shall be signed by the :Mayor, countersigned by the City Clerk and reg- istered by the Director of Finance of said `cYGq;daiiu-�,2 sEVI of the City of Beaumont shall be impressed upon- r1rp--"t .IWT. The facsimile signatures of tale vN4401 and the City Clerk may be lithographed or printed upon the coupons attached to said bonds and .shall have the sameeffect as if they had been signed by -them. Section 7. That such bonds shall be in form and shall contain recitals substantially as follows: No...................$1,000 United States ofAmerica, State of. Texas, City of Beaumont. City of Beaumont Sew- erage, Refunding Bond, Series A. Know All Alen by these Presents: That the City of Beaumont, in the State of Texas, for value received, acknowledges itself in- debted and hereby promises to pay to bearer on the 1st day of April 19-, the sum of One Thousand Dollars, in lawful money of the United States of America, with interest thereon from the date here- of at the rate of 41/2 per cent per annum, interest payable on April 1, 1929, for the first year and semi-annually thereafter on October 1 and April 1 of each year, principal and interest payable upon pre- sentation and surrender of bond or proper coupon at the office of the Director of Financeof the City of Beaumont, at Beau- mont, Texas, or at the Hanover National Bank of New York, N. Y., at the option of the holder, and said city is hereby held and firmly pound and its full faith and credit and all taxable reel and per- sonal property therein are hereby pledged for the prompt paymentof the principal of this bond and the interest thereon as it matures. This bond is one of a series of 115 bonds, numbered consecutively from 1 to 115, inclusive, of the denomination of $1,000 each, aggregating $115000, and is issued for the purpose of funding and cancelling and in lieu of a like amount of valid outstanding sewerage bonds of said city, under and by virtue of the Constitution and Laws of the State of 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 Beau- mont, Texas, and said bond has this day been registered by me. Witness my hand and seal of office at Austin, Texas, this ...day of......, 1928. Comptroller of Public Accounts of the State of Texas. Section 10. Be it further ordained by the City Commission of the City of Beaumont that a tax on all taxable property of said city, sufficient to pay the current interest on such bonds and to provide a sinking fund with which to pay the principal at matu-ity is hereby levied for said pur- pose; and such tax of Two Cents on each $100,,.aluetiov of taxable property in said :,I1 here now levied for the year 1928 and fur- a �-,-s82ccc�d:v,&_1'r-4r while such bond:, or any of then ire outAanding, and the some sball;;lle assessed and col- lected for the ,Year 19928 and for each suc- ceeding year, or so.,miuch thereof as may be necessary, and applied to the purpose named. The taxes -heretofore levied for the purpose of paying the bonds being re- funded hereby are ratified, brought for- ward, and consolidated into this .levy. Sec- tion 11. It is further ordained that the Mayor of said City is hereby authorized to take and have charge of said bonds pending their investigation by the Attor- ney General and registration by the Comp- troller of Public Accounts, and is also authorized to deliver the same either all at one time or in installments in exchange for the surrender and cancellation of an equal amount of the hereinbefore described bonds that are being refunded, and In the event such deliveries shall be made in in- stallments, the Mayor is hereby author- ized to deliver any of the new bonds in exchange for the surrender and cancella- tion of a like amount of any of the old bonds which are being refunded. Section 12. The fact that it will be to the ad- vantage of the financial condition of the City of Beaumont to complete the refund- ing herein provided constitutes an emer- gency and an imperative public neces- sity that the rule requiring ordinances to be passed at more than one meeting be suspended, and such rule is hereby sus- pended, and that this ordinance take ef- fect and be in full force from and after its passage, and it is so ordained. Passed this 21st day of February, 1928. Approved this 21st day of February, 1928. (Signed) J. L. Appling, Mayor Pro Tempore, City of Beaumont. Te{as. Attest: (Signed) Raymond Edmonds, City Clerk, City of Beaumont, Texas.