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HomeMy WebLinkAboutORD 64 FFNi ORDINANCE NO. ENTITLED AN .ORDINANCE ACKNOWLEDGING THE DELIVERY OF FIVE (5) PUMPING ENGINES AND EXTRA EQUIPMENT BY THE SEAGRAVE CORPORATION IN ACCORDANCE WITH THE / CONTRACT BETWEEN THE CITY OF BEAUMONT AND SAID THE r/ SEAGRAVE CORPORATION DATED THE 14TH DAY OF JUNE, 19608 AND FURTHER ACKNOWLEDGING THAT SUCH FIRE APPARATUS AND -EQUIPMENT HAS GIVEN SATISFACTORY SERVICE -UP -TO THIS TIME AND FURTHER RATIFYING, APPROVING, AND ACKNDWLEDGING,THE CITYtS OBLIGATION ON THE INDEBTEDNESS EVIDENCED BY THE TIME WARRANTS DESCRIBED HEREIN, ISSUED TO SAID THE SEAGRAVE. CORPORATION. BE IT ORDAINED BY THE CITY OF BEAUMONT.$ TEXAS: That The City of.Beaumont does hereby acknowl9dge the delivery of five (5) pumping engines and extra equipment by the Seagrave. Corporation in accordance with the contract between The City of Beaumont and said The Seagrave Corporation dated the 14th day of June, .1960, and does further acknowledge that such fire apparatus and equipmenthas given satisfactory service up to the date ,of passage -of this ordinance and that The City of Beaumont does hereby ratify, approve, and acknowledge the Cityts obligation on the unpaid indebtedness evidenced by the following described time warrants issued -to said The Seagrave Corporation and now held by the First Security National Bank of Beaumont: (1) Three time warrants issued to said The Seagrave Corporation, each in the principal sum of $14,350.00 payable respectively on December 2.1, 1963' 1964:..and 1965, each bearing interest at the rate of 3% per annum and each being dated December 21, 1960, the said three time warrants being the last three (3) of five (5) time warrants issued under-�Ahacontract above described, between The City of Beaumont and said The Seagrave Corporation, the first two (2) of such -five (5) warrants having been paid and the remaining three (3) being unpaid, all of which five (5) l warrants were assigned to the First Security National Bank of Beaumont, and all of which_ three (3) unpaid warrants -are held by the First ,Security National Bank of Beaumont at this time. -PASSED- by the, City Council ,this . � � day of January, . A® D®, 1963. Mayor ..