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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, a sufficient sum wherewith to pay off
and discharge all of such deficiency warrants as may be so issued €-n.d
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 ONE HUNDRED THOUSAND DOLLARS ($100,000®00).
wit:
The said Deficiency Warrants shall be in the following form, to -
TIE STATE OF TEXAS Beaumont, Texas
COUNTY OF JEFFERSON 1931
On demand, pay to the order of "BEARER
DOLLARS.
To the Director of Finance )
City of Beaumont )
Mayor
Countersigned:
City Manager Attest:
City Clerk
This warrant is one of a series of several warrants
authorized by the City Commission of the Cit, of
Beaumont by Ordinance duly passed on the 2W' -day of
August, A. D. 1931, and chargeable to the General
Department when collected.
This Warrant bears interest at the rate of not more
than six per cent per annum from its date until paid."
The said warrants shall be duly registered before being negotiat-
ed by the Director of Finance.
Section 2.
The fact that the City of Beaumont is without funds now to dis-
charge the current obligations incurred for the maintenance and operation
of the General Department of Government, without at once anticipating and
pledging ONE HUNDRED THOUSAND DOLLARS (100,000:00) of the tax revenues
of 1931, for the maintenance and operation of the General Department men-
tioned in this Ordinance, creates an imperative public emergency necessi-
tating the suspension of the rule requiring that all ordinances shall be
read on three (3) 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 City
Commission, this theday of August, A. D.'1931.
MAYO