HomeMy WebLinkAboutORD 53-E(9J� IL
AN ORDINANCE
AUTHORIZING AND DIEECTING THE PROPER OFFICERS OF THE CITY
OF BEAUWON2 NAMED HEREIN TO FORTHWITH PREPARE AND EXECUTE, AND TO
NEGOTIA(;E AND DELIVER, FROM TIME TO TIME, AS NECESSITIES REQUIRE,
LEGAL AND BINDING OBLIGATIONS OF THE CITY OF BEAUMONT, IN THE FORM?
OF DEFICIENCY WARRANTS, DESCRIBED IN SAID ORDINANCE, FOR THE PUR-
POSE OF DEFRAYING THE CURRENT EXPENSES FOR THE MAINTENANCE AND
OPERATION OF THE SEVERAL DEPARTMENTS OF THE GOVEI1VWT9 MENTIONED
IN SAID ORDINANCE, APPROPRIATING AN EQUAL PORTION OF THE REVENUES
OF THE CITY OF BEAUMONT APPORTIONABLE TO THE SEVERAL DEPARTMENTS
AFFECTED, FOR. THE YEAR.1925, FOR THE PAYMENT AND DISCHARGE OF SAID
WARRANTS AND DECLARING AN. FJVMRGENCY.
WHEREgS, The City of Beaumont, pending the collection of
current tax regenues, from all sources, being taxes for the year
19250 is without funds wherewith to pay its current obligations
incurred and to be incurred for the operation of -the several de-
partments of the government, and in order -to acquire funds where-
with to defray the current expenses of all departments of the
government pending the collection of said revenues, it is necessary
that The City of Beaumont borrow money upon the faith and credit of
said City, and to anticipate and pledge an equal portion of the
current tax revenues of the City for the year 1925.
BE IT ORDAINED BY THE CITY COMMISSION
OF THE CITY OF BEAUMONT:
Section 1.
That J. Austin Barnes, Mayor of The City of Beaumont, be and
he is hereby authorized to forthwith prepare, or have prepared, and
to execute, together with the City .Clerk, and to be countersigned by
the City Manager, legal and binding obligations of The City of Beau-
mont, in the form of and evidenced by Deficiency Warrants dated on
the date or dates when negotiated, and delivered from time to time
as hereinafter provided, payable to, "BEARER", on demand, bearing
jt. JJ
4 Fir interest from their date until paid, which said warrants shall
be and are hereby secured by the legal and "poinding pledges and
pP? U c G
hypothecation of Two Hundred and Ten Thousand Dollars ($210,000.00)
of the current tax revenues of The City of Beaumont, for the year
i3
1925, as applied to the funds of the particular departments and in
the amounts relating to such departments as hereinafter. set forth;
the said Deficiency Warrants to be paid and retired out of the first
tax revenues collected for the year 1925 for the operation of and
application to the several departments of The City Government, as
-2 -
The said w4rrants shall be executed, negotiated and delivered
as and when it is requisite and necessary to raise money for the pays
ment of existing obligation, and for defraying the current expenses
for the operation of the several departments of the government, as
hereinafter set forth, until such time as there shall have been col-
lected sufficient moneys from the source above mentioned wherewith to
pay off, discharge and retire such warrants, together with accrued
interest thereon.
And there is here and now appropriated and set aside out of
the first moneys so to be collected above mentioned>and apportioned
among the several departments as below shown, a sum sufficient where-
with to pay off and discharge all of such deficiency warrants as may
be so issued and negotiated to the then owners and holders thereof;
provided, however, the total amount of such warrants of this issue
shall not exceed the sum of TWO HUNDRED AND TELT THOUSAND DOLLARS
($210,000.00).
The said Deficiency Warrants shall be in the following
form, to wit:-
"The
it:
"The State of Texas,
County of Jefferson.
Beaumont, Texas,
192
On Demand, pay to the order of "BEARER"
DOLLARS
To the Director of Finance j MAYOR
City of Beaumont ) ATTEST:.
CITY CLERK
Countersigned:
CITY MANAGER`
This Warrant is one of a series of several Warrants authorized
by the City Commission of The City of Beaumont, by Ordinance duly
1995_ A.D.. and is payable out of the
i
:.� e, J=,
Akal _�"
This Warrant bears interest at the rate of ,sig per cent per
annum from its date until paid.
Each Warrant shall carry on its face the name of the -depart-
ment to which it relates.
The particular departments and funds of the City Government,
for the operation of which said funds are hereby raised for the
support, maintenance and operation of said departments from which
said warrants shall be paid, and the amount to be taken therefrom
for that purpose shall be and are according to the following table; -
Department
of
Finance - - - - -
- - 7,500.00
4,A00
General Fund -
- - - - - - - -
- - - 7,500-00
$,So° - 0 0
Department
of
Public Safety - -
- - 90, OOU.00g0
Department
of
Public Service - -
- - 90,000.0014
Department
of
Public Welfare -
- - - 15,000.00
9i
The said Warrants shall be duly registered before being
negotiated by the Director of the Department of Finance.
Seetion 2.
That the fact that -the City of Beaumont -is without funds
now to discharge the current obligations incurred for the maintenance
and operation of the several departments of government, without at
once anticipating and pledging TWO HUNDRED AND TEN THOUSAND DOLLARS
($210,000-00)
of
the tax
revenues of
1925, for
the maint enane a and
operation of
the
several
departments
mentioned
in this Ordinance
creates an imperative public emergency, necessitating the suspension
of the rule requiring that all ordinances shall be read on three (5)
separate days before passage, wherefore said rule is hereby suspended,
and this ordinance shall take effect upon its passage and signature
of the Mayor.
Passed by the affirmative vote of all members of the CoOmis-
sion this the -.f 7 day of
The State of Texas,
Counip of Jefferson
sPao.aE� joz IQ PoLa3ao. a.LE tto;tt
doI tatra,^,otjLcL a e(r 'Lee [i[L(ct )
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.a a, Lu
.:_ '•mow F a".1
i a tjII P r� IIOI'00 P ,tE �l
II ublaj.�ujS LIL.II sa"tui
t1 SUOL(lt Q sarsIII o a[[lElctE� ELLL'1 IOij
41 � �Lrj.�t,LI �jol.ta or PP:T '�Ioo:tg .cljoH
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a,Il j a0 "t 0"Y Pttonr,Cz
j LO.januL' P LjOOQ
a 7«jpsooge
t srat::Iz
i a [i r ','-r..�:..... j(t..t «attt .�t[t,tsojlot
r undersigned authority on this day personally appeared----- _ _ _ _ _ _ _ _
--�'V_kI wn to me who beingb me duly sworn, on his oath de -
o Y Y
_ 6 i�✓ _ _ _ of the BEAUMONT ENTERPRISE,
poses and says, at he is the_ _-
BEAUMONT JOURNAL, a newspaper published in said county; that a copy of the within and
foregoing was published in said newspaper, such publication being on the following dates:
A. D. 1929', and a newspaper copy, of which is hereto at-
--- --
-------------- ---
_ _ _ _ _ _ _ _ _
tached. 1
Sworn. to and subscribed before me, this ----- day o - — ----------A. D. 192-5-
----------------
92 r
Notary Public, fJefin unty, Texas.
a
s
The- iS'tate of Texas
Country of Jefferson
1++-
- 0
r undersigned authority, on this day personally appeal
� j% wn to me, who being by me duly 4
--of the BEAU'
II poses and says, at he is the--------------------�--
k BEAUMONT JOURNAL, a newspaper published in said county; that a q
RING` AND DIRECTING
hR OPER OFFICERS 'OF
Cl T Y - OF BEAUMONT'
3 HEREIN - TO' NORTH-
PREPARE AND`EXECUTE
'O NEGOTIA CE• AND DE--
FROM TIME:, TO TIME
E C E SSITIES • PEQUIRE,.
AND BINDING- OBLIGA
OF T_L3E CITY OF BE A'U-
IN THE Form OF DE-
CY IV A R R ANTS, DE-
___ A
9
fore ' ilig was published in said newspaper, such publication being O(,
I;
A. D. 192 , and a Newspaper copy ".
_ _ _ _ _ _ - -
�-�--=ate -�
pending,''the collection= of ci Zit
tak revenues, from .all sources, be-
ing taxes for the yea rl925is with-
out funds wherewith red.:a its.c b
rent obligations incurred ancLto -b
ioqurred for 'the operation of the
tached.
-
several department9 of';the govern-
ment and in order to acquire.funds
wheievc tlr to. defray the current ex- ,
_
Sworn, to and subscribed before me, this_ _ _ _ _
J,
- - - - - -' - - - -•- -
_ - _ _ -day o -----
I
f
penses of alldepartments of. the
government pending the collection
of said revenues, it is necessary that.
The City, of Beaumont borrow money'
upon the faith and credit of said
'I Iand to anticipate and pledge-
air equal portion. of the current tax
revenues of the City for tiie year
1925.
BE IT ORDAItiED B).r THE CITY I
C6,A.1ISSI6K OF SHE CITY OR'
BEAUMONT. :
�,
SECTION '1
That J. Austin Barnes Mayor of
_ ----
Notary Public, Ji
the City of Beaumont be 'and he
is hereby au 'idrized to forthwith
prepare, or have prepared, and to '
execute, together , with the City -
Clerk, and to be countersigned by
the City Manager, legal and bind-
ing obligations of The City of Beau-'
wont, in the. form of and evidenced
\
by deficiency warrants dated on the ;
date or,dates when negotiated and
\
j
ihereafter
delivered ironi time to time as
provided payable to
"BEARE''R on dermis, bearing G
per cent interest Irom_ rhea date'
,rvh'ich said parr-ants(r�
hypothecation of TWO A,M-NXJ tr y
A av D TEN Tb10LSAND DOL-,
LARS (Zw210,000.00) of t h e cur-
rent t a x revenues of . T li e
City of Beaumont, for the year 1925,
as applied to the funds of tiie par-
ticular departments. - and in the
m
aounts refating' to such depart-
inents as hereinafter.set forth, the
said deficiency warrants to be paid
and retired out of the fust., -.tam j
r e enue3 colRec tlxEor�t4ie Year 1S.ci j
Ior tlie. operation of _anis applrea-,
D tion to.. the several departments of
e The City Government, as. herein -
y after set forth.
L The said warrants shall be exe-
f- cuted,--negotiate>I_ax)d--aE,jl yered as
a a ru when it, is requisite,and••iieces
sorry to raise money for the payment
fofexr'sting obligation, and for de-
fraying the current expenses for the
(i operation of the several departments
a of- the':governmeitt, as hereinafter
set fortis, until such time as there
y shall have been collected sufficient.
moneys from the source.above luen-
tioned wherewith to pay off, dis-
charge ..and retire such warrants,
together`"`crcoi
'TU �a.ued�.�ii--W- eat.,
1
thereon..
And there is here and now ap-
propriated, and
p-
propriated,and set adide,out.of the.
first moneys so to -be •collected
above mentioned and apportioned
among the several departments as
below shown, a I sum sufficient
wherewith to pav off and discharge
all of such deficiency."warrants a
I ma;y be' so. issued aril negotiated t
j the then' owners an, olders there -
1{I 'of provided, however;' the total
amount of such warrants of this
.ia¢ne shall. not exceed _the sum of
LiVll LV LiiV i u..Y "'��••+
Tho City Col erument, as. herein-
after set forth.
Tho said warrants shall be etie-
cuted, nehotiate.d_aad_ delivered_ as
a ,d R'ilen it is requisite and neee5-
sary.to raise money for the payment
of existing obligation, and for de-
fraying the current expenses for the
opeMUoii of the several departments
of the government, as hereinafter
set forth, until such time as there
shall have been collected sufficient
moneys from the source above mer.-
tioned wherewith to pay off, dis-
charge and retire such warrants,
together with -accrued --interest
thereon.
And there is here and now ap-
propriated -and set aside out of the
first, moneys so to -be collected
above mentioned and apportioned
among the several departments as
below shown, a sum sufficient
wherewith to pay off and discharge
all of. such deficiency warrants as
may be so issued and negotiated to
the then, owners and holders there-
of; provided, however, the total
amount of such warrants of this
.issue shall not exceed the sum of
TWO HUNDRED AND TEN THOU-
SAND DOLLARS ($210,000.00).
The said Deficiency Warrants
shall be the following form, t9 -wit:
TI3_E STATE OF TEXAS.,
.County of Jefferson.
Beaumont,- Texas.
19'2.
On demand, pay'to the- order of
"BEARER" $........ ... .. ...
............................Dollars
• Mayor.
Atto,s t ._
City Gleri
To the Director of Finance, .
City -of Beaumont.
Countersign6d:
City Manager.
This warrant is one of a series of
several Warrants authorized,by the
City Commission- of the City of
Beaumont,' by Ordinance duly passed
February 27th, "1925, A. D., and is
payable out of the_ _tax lesies for.
(tho year 1925, and chargeable,to the
1 li particular fund , or department to
whlcit applies when collected.
1This warrant bears interest. at the
rate of 6 per cent per annum. from
its dato, until' Paid.
Each warrant shall carry on. its
Lee the, name of the department to
which'it relates.: .
The' particular", departments and,
funds-of.tho City, Government for
theoperation of which said' funds
are hereby raised for the support,
maintenance and operation of said.
departments from jvhich said ."%var-;
rants -shall be Paid, and,the-amouni
to -be taken. therefrom. for that pur-
pose shall be and are according to
the 4followiii,g taj)le: 1Dopartmont of Finance ...'.$ 7,500.00
General_.1and .: 7,500.00
Department of Public
Safety..... .. 90,000.00
Department; of Public
Service. .
90,000.00
ll epartment of •Public VI%el-
,fare .....> .............:15,000.00,
The said warrants shall be duly
registered before .being negotiated'
by the,, Director of the Departments
�Qf Finance.
SECTION 2
That the fact that the City of;
Beaumont is without funds nolo to
discharge the current obligations
incurred for the maintenance and
operation of the several depart-
ments of government, without at,
once anticipating and pledging TWO!
HUNDRED AND _TEN THOUSAND,
!,DOLLARS _($210,000.00) of the taxj
.revenues of 1925 for the mainten-
ance and operation of the several
;departments mentioned in -this ordi
finance creates an -imperative Public
,emergency, necessitating the suspen-
sion of the rule requiring that all
i ordinances shall. be read on three
�(3) separate days before passage
,,wherefore said rule is hereby sus-
Ipend'ed,and this ordinance shall.tal;e
effect upon its passage and'signa-
lture of the Mayor:
LPassed by the affirmative, vote of
all ai,embers of the Commission this
th day of February, A. D.