The URL can be used to link to this page

Home My WebLink AboutORD 6-A-2A IT 0 R D I 7j A IT C H for the P) orro:;1n� of 1Toney by the City of Bea u-, on' inion the_ credit of the said City to the amou.11t of AC_r�r%!/)to be used for the purples of extLanding the Nater::rork S;rster_1, Drai lime S;rs tell, anc_ the Paviil System of the said City. Vereras; The property taxpaying voters of the City of Beavxnont on the ��_ .__... day of��1-r'�I900, author iced the C; ty Council of the City of Beautliont to issue bonds For the City of Beaumont- to the a-moun-; ofCr%��, ayable 40 years from their date with the risrlt reserved to -the City to redeem the sxae at any ti.>_ile after 20 ;rears fropi their date and Bearin`; interest at the rrAe of 5 -per cent, IDer anniLm. Interest "payaj)le semi annually, to be used for the purynose of e 1tendin ,r Uten.vork System, Drainage:. Sjrgtem, and the I'avir_� Syste_:1 fol~ the City of Beaurlont;H Therefore, Be it crdainedT tijle Ci tIa Council of the City of Beaumont: Section I. Thtit there shall ')e issued by the City of Beaimlont, bonds for and in behalf or the City of Beaumont2 to horrosv mor_�y upon the creclit,of the City for the piir-poee of extending, the Wateruork System, Drainarre System., and the ?avinS Systuam for said City to the amount, of A0 yy,0 G� Section 2. That the Wyor is hereDy instructed to have 1)re.pa,red CLLc�(J C�� eQ,cc, bonds of the denomination of One ThousandDollars� J (ti I,000,001 each, payable i_� current coin, or other' lawful money of the //Unipted State: of America, and to be n-mmbered consecutively frorl One to ( kuuc� Uau� inclusive. Said bonds shall be dated the.__- inclesive. Said bonds shat ne at ed t, e 1 day 6f _,bI900, and shall run f ort r years from that date. The right shall he reserved to the City, hoveve-rl to redeem the same at any time after 20 years from that date, and shall bear interest from their E date at the rate of 5 per cent Per anniun Payable semi ar_-wally on tl-e first day of February, and the first day of August cx , � of each year, accordinz to tenor of interest counor_s thereto attached. Said ____ - y ., ''1. �r {.l , '`•� 1� ` ^I J'��` _-' _T 7 - { ____.. .� '^+ ._ '. � __11, i�- .. _^._�-___.y -__._- ---, _ _-_,_-__ .. - -. �, . '_ '�' i'.;\ •t' ... -: ... • �•, � -� �' •c.• :' •.. , 1. „ ...: ., !.i: � �� . . : �•: _, iC- 'i i1.k' �1 i'.. ... ,� :. .6. '.; .. - , •f'. ,@J ...,. ?''. -.S,• a, :�'•t..:,",-�'Si� 1 .,. -. ., -U',,..i.. ., .• , ._. .. .. .. a. ,. .. � :r 1 .1�uTC� ! 1.. �.'.. i° V :+. ".. ¢7 •,... C.�a t''{. :'� ..: i�Sh <:E �;j c,J ;.�'�`�... .• .. '• �• ..r.. ... J; r •1 .,, •- L,41 ,., :5,{: ^'. k'3 it �.. C.. ;• ,•� «r .. „ ... j.."1. �"..: .,:~. �., _ ..1 «..:7 ",. ,.. "' t,r_t , r•.. ,, ., .. 000 LD, !a -A -r2 bonds shall be signed by the 1,1ayor and be attested by the City Secretary, and shall 'near the inpress of the seal of t1 -B City of Bealmiont. The cou- pons shall bear the engraved signature od the I._Coyor and t e City Sec- a!' u. 4.. , - ahs �,� '7 7'/7. e") -ter retary, and both bonds and coupons shall be pa.fable,�at he Nat ior_al City Bai1c of the City of 1Tety York, x Section 3. = Thdrrthe bonds and coupons thereto attached shall -.upon thier face be in the words and.' figures following, to -wit: v, /6 UNITED ST AT ES OF A 1� E R I C A. STA`.CE OF TEXAS. Tlhe City of Beaumont. WATERWORKS DRAIITAGI+I AND PAVING SYST 111 FONDS. The City of Beavziont, in the State of Texas, acknowleclCes. itself to , owe; and for value res'eived hereby promises to pay, to bearer, One Thous- and Dollars (0,000.00) in current coin or other lawful i_noney of the 11nited States of Anerica,on the me -- day�VI940 together wi.tl� interest on said sUin from the date hereof at the rate of five (5) par cent per annum, payable semi- annually on the first day of February; and the first date of August of eaclATmiaztt in currAnt coin or other lawful money 'of the United States of America, ,as evidenced bV* and upon the presentation'of the annexe Ainterest coupons as they severally become. due. Both principle and interest of this bond are payable at the � &e,_ a u- �ITational C,it;,: ank of the City of 1Tew York, IT. Y.a�"�` This bond is one of,,re t series of 07�ceJ __ c//ZccU az"oof like tenor, date and amount, and- numberLdfrom One to�c�u�vac�� inclusive, and )mountinf; in aggregate to the stun of AV, a - 4n 4inr1 +1.,- 0, --P T) -,% ---4P-" P—" 4•1— -r" -7- issued by the City of Reaumon #-r or the purpose of extending the Waterworks System, Dr, -i. nage System anO Paving System for said City, pursuant to and in strict compliance. Tri th the ordir-ande of the City Council of the said -��C~ Y I Cityduiy rt gularly adopted'Aand in strict accordance and conformity W'4the charter of -the City of..Beaunont and the statutes and constitution of Texas. It' is hereby certified, recited and declafed, that all acts; 0 Icy 6 0 Icy 0 l of w conditions and things required to be done precedent to and in the issuing of said Fonds have been properly done, happened and performed in regular and due form as .required by lair, and that the indebtedness which is contracted by the issuing; of these Fonds does not, together frith the indebtedness existing at the time of thz issuing of these bonds, exceed the. -limit fixed by the constituti'd-n and laws of the said state and charte- of .the City of Beau font. And it is hereby certified, recited and declared that the, tax levied and made necessary to be levied in order to interest and sin1-Iing fund of this issue of bonds, to- gether with the rate of Tax existing at the time of issuing of these bonds, is with in the limit of the constitution_ and latus of the State of Texas, .and: -of the charter of the City of Beaumont. Ir- witness hereof, the City* of peavmont has caused this bond to be issued b,r the City Council , signed J;y the Hayor and attested by the City Secretary, and has caused'• the seal of said City to be affixed thereto, this the day o f 4,t � 1900. (Seal) 'M€3 or of. the City of B'e-aum.ont. Attest: City..Sectetaryo _ I' 0 R T:T O F C 0 U P 0 IT S Coupon No. y?25.00 Bond No. On the first day of the City of Beaumont, State al • .. o .� ice- •� e�• vtip,-�.. ��, e,;.,• I-V of Texas, will pay to the bearer, at the I'T;ational City Bank of the City of New York, I�ri,.;XX Twenty-five Dollars ($25,x'00) in currant coin or other lawful money of the United States of Araerica, being six months interest on bond,, issued for the purpose of borrpwing monBzr for the extention of Uny'or of the City of Beaumont. Attest: ----.. City SectetC"Wyt - I' 0 1" OF C 0Upo1J Tr 0oupon 'No. 4� ',;25.00 " Bond No. On the first day of ______ _ _ the City of Dewuimont, `tate 04.1" o-{,�.� i.� n �7 - Qom• t.►-�..r r vl oz, e, G, • 7 �-n..-�.Y...f � 1�-" of Texas, will pa%T to they bearer, at the National City Bank of the City of New York, Tvrent-y-five Dollars (��25j"00) in currant coin or other lawful money of the United States of Izaerica, being six months interest on bond, issued for the purpose of bor-r-o7ring monEy for the extention of the Waterworks System, the Drainage `jTste_i, and the Paving S;,rstem for the nitji of neauriont. payor of the City of 'eaumont. Attest Citi* Secret .ry. Section 4. I 0 SaIi d�bonds, when so Prepared,} shall be placed in the hands of the a4.4 Mlayor,`and the said"ayor�as soon as practicable, shall proceed to sell the same at.._ public or private sale,.and at not less than face value and accrued interest. The proceeds of tle bonds, when they have been sold, shall be deposited in the hands of the City Treasurer, and shall be used/ in paying for the extention of the ViTateriorks System, the Drainage System and the Paving System of the City of Beaysgont. and it is hereby made the duty og the IrlayorIin the sale of said bonds, to provide that they shall be delivered to the purchaser in the City of Beafp-nont, and that pajmen_t r shall be made for said bonds the said purchaser in said City of Beau- mont. Section 5. For the purpog$.of paying interest on said bonds, and for provi.din- jWK - I a sinking fund to redeem there at maturety, there is hereby set apart YJ7 cents out of tho .50 cents heretofore levied,by the Cityzccil of th�ty of #eaur2oht�to pay the interest and sinking ry fund on tirm outstanding bonded indebtedness of the City of Beaumont, the cents is here now fo:� the year I900, on'all 1 prpperty in the City of Beaumont liable to taxation as a special advaloran � tax to pay the interest and sinking fund on this issue of bonds the said tau. or as nifich thereof as may be necessary is hereby levied foreach succe- eeding year hereafter as the same maybe necessary to provide for the int- erest and sin]Ung fund as aforesaid on the entire amount of said bonds; and.if at any time the amount of said assessiuent;to meet the said re- quirement for interest and sinking fund on said bonds, and it is hereby promised and agreed that such increase of assessment shall be made for the purpose named. Section_ 6. _ __ This -ordinance_ shall be in force and take effect from and after its prpperty in the City of Beaumont liable to taxation as a special advaloram tax to pay the interest and sinking fluid on this issue of bonds the said tax. or as rliich thereof as may be necessary is hereby levied foleach succe- eeding year hereafter as the same may be necessary to provide for the int- erest and sinIci.ng fund as aforesaid on the entire amount of said bonds; and. if at any time the amount of said assess:llent. to deet the said re- giiireTnerlt for ir_L.erest and 51717{111f, fund on said bonds, aTrd it is hereby promised and agreed that such increase of assessment shall be made for the purpose named. Section 6. This -ordinance shall be in force and take effect from and after its passa3e. roo .0��.�