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HomeMy WebLinkAboutORD 7-C6h.�(, `7 AN ORDINAITCE. Entitled an Ordinance authorizing the issuance of bonds for the purpose of making permanent City Improvements to -wit: Buildings, structures, water - mains, appliances and other improvements necessary to complete the water works system of the City of Beaumont, and declaring an emergency. ,WHEREAS, on the 5th day of September, 1916, the property tax paying vo ter s of the City of Beaumont, Texas, did., by an election held in the City of Beaumont, on said date , , auth or i ze he City Council of the City 14" Tj of Beaumont,\to the amount of One Hundred Thousand (q"'P1009000000) Dollars, payable serially in from one to forty years from date, in equal annual installments, bearing interest at the rate of five (5%) per cent per annum, payable semi-annually, said sum to be used for the purpose of making permanent Public City Improvements to -wit: Buildings., strretrrn�, water mains, appliances and other improvem6rits xfeces y to complete the water works system of the City of Beaumont, Texas, and, WEER AS, it is deemed expedient and advisable at this time to issue bonds in the sum of One Hundred Thousand ($1009000000) Dollars, under the authority conferred by said election of date of September 5th, 19160 NOW.THEREFOIR,E BE IT ORDAIIL?ED BY THE CITY COUNCIL OF TIM CITY OF BEAUEON T, TEXAS: -SECTION I - That the City of Beaumont shall issue bonds as hereinafter described for and in behalf of and upon the credit of. the City of Beaumont, to borrow money to the extent of One Hundred Thousand ($1009000.00) Dollars„ for the purpose of making permanent City Improvements, to-wit: Buildings, structures, water mains, appliances and other improvements necessary to complete the water works system of the City of Beaumont, and de c lar ing an i emergency. MEREAS, on the 5th day of September, 1916, the property tax paying vo ter s of the City of Beaumont, Texas, did, by an election held in the City of Beaumont, on said date,,'authorize the City Council of the City of Beaumont ,,to the amount of One Hundred Thousand (O100t000o00) Dollars, payable serially in from one to forty years from date, in equal annual installments, bearing interest at the rate of five (5%) per cent per annum, payable semi-annually, said sum to be used for the purpose of making permanent Public City Improvements to-wit: Bu.ildings,.,.s.tz'•rli�$+�,- ter mains, appliances and other' improvem�nts��e°si"yo complete the water works system of the City of Beaumont, Texas, and, WHEREAS, it is deemed expedient and advisable at this time to issue bonds in the sum of One Hundred ' Thousand ($1009000000) Dollars, under the authority I conferred by said election of date of September 5th, 19160 NOW THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BEAUMON T, TEXAS: SECTION I - That the City of Beaumont shall issue bonds as hereinafter described for and in behalf of and upon the credit of. the City of Beaumont, to borrow money to the extent of One Hundred Thousand ($1009000.00) Dollars„ for the purpose of making permanent City Improvements, to --wit: Buildings, structures, water mains, appliances and other improvements necessary to'complete the water works system of the City of Beaumont, Texas. -SECTION II - That the Mayor is hereby authorized and directed to have prepared and executed ()ne Hundred and twenty (12o) n►__ 1 6�Act , 1 bonds, numbered from .one to one hundred and twenty,. eighty of .said bonds to be of the denomination of One Thousand (1,000.00) Dollars, and forty of said bonds to b;e of the denomination of Five Hundred 0500,.00) Dollars each, and payable in gold coin -of the. United .States of _Amer ica, of present standard of 'weight and fineness. Each bond shall be dated IIOV. 1916, and said bonds shall mature a's follows,to--wit: $21500.00 due NIOV 1917. $2,500.00 due +0V 1 1918.' $2,500.00 due �'' -`� 1919. X2,500.00 due 2, 500.00, 1920. 2,500.00 -due 1.926, 1921. ,due NOV NOV 1 1927. 42,500.00 due �20500.00. 1922. "2, BOO .00 , "due NOV 1 1923. $2_,_500.00 due _. ,,ar,1j �. 1924. $2v.500.00, due - "' i 1925. 2, 500.00, due NOV 1 1.926, $2,500.00 ,due NOV 1 1927. �20500.00. due N.0y 1 1928. $2,500.00 due 1929. 2,, 500.00 due J 1930. NOV 1 $2,500.00 due. 1931. $2,4500.00 due. NOV 1 1932, �2,500.00.due _ NM/ 1 1933. 2, 500.00 due _ ". ` ;'�; = 1934. $21,500-00 .due !NOV, 1935. $29500.00 due NOV 1 1936. 02,,500.00 due IN 10V J- 193 7. 23500.00 due NOV 1 1938. 62, 500.00 due NOV .1 1939. $2,500.00 due N 0v 1 1940. $2-,500.'00 due NOV 1 1941. X2•,500.00 due NOV 1 1942. t2, 500.00 "due • , �0V _� 1943. 29500.00 due NOV .1 1944. $20500,00 due NOV 1 1945. $2,500.00' due 1 1946. $2,600.00 due 'NMI 1 19470' . $2,500.00 due .-NOV 1948. $2,500.00 due NOV 1949. $2, 500.00 due NQ 1 1950. $2, 500.00 due �' =� 1951. NOV 1 $2,500* dbe 19526 $2, 500.00 due NOV. 1 1953. $2,600.00 due. 1954. $2,500.00 due �'t''1 1955. $2,500.00 due " , : r: ' 19561 All .bonds shall b ear interest from date at the nate of five (5%) per cent per '._annum,. payable semi-annually on Y �' tr �', and : V /, of., each year, actor -- ding to the tenor of the interest coupons to be attached to said bonds. The mayor shall sign said bonds,_and they shall be countersigned by the City Secretary,- Vegistexed by the City Treasurer and the seal of the City shall be iuTr,ess.ed upon each one of them. The coupons shall 'be executed with -the lithographed signatures of the Mayor and. City Secretary. Bonds and coupons shall be payable upon presentation and surrender at the office of the in the City of New York, N.Y. or at the office of the City Treasurer of Beaumont, Texas, at the option of the holder: -SECTION III.- The II.- The , bonds and coupons abo ve provided -aa #upon the i r face shall be ;'aub'stant i ally in w:or ds ' and signatures as f ollows, to -wit: FORM OF BOND.' No. 01,000.00 5004-00 .,UNITED STALES OF MMICA. STATE OF TEXAS CITY OF BEAUMONT 5% WATER VORKS B ONDS .KNOW ALL -N BY" THESE PRESENTS : That' the C ity of Beaumont in the State of Texas, hereby acknowledges itself to owe and for value- received hereby promises t o . pay to bearer One Thousand Dollars, ( 1000.001. 'Five Hundred Dollars ( 500.00) in gold coin of the United States of America of the present standard of weight and fineness, on the day. of 19 , wit h interest on said sum from the date of this bond at the rate of five (5%) per cent per annum, payable. semi-annually, on the da -y. of = and the day of of each year :in like gold coin as evidenced and upon presentation of the ' annexed inter est .coupons as they severally become due, both principal. and interest of tAhi s bond axe payable at the office of the' �`W6Z.�' (,y in the City of New York; State of New York, or at the office of the City Treasurer of the City of Beaumont, at the option of the holder. .This bond'is, one of a series of 'One Hundred and twenty (120) bonds of like tenor and. date except- as to, amount and matur.ity."numbered. from one 'to one.hundred and twe my (120) inclusive; eighty (80) of said bonds being in .the sum of One: Thousand Dollars each,, and forty (40) of said -bonds' being of the .sum of Five Hundred Dollars ($500.0a) each, and, aggregating, in amount One Hundred Thousand (4100,,000.00) Dollars, issued by• the .City' 'of Beaumont for the purpose of making permanent city improvement, to - wit: Buildings, structures, water mains, appliances and other improvements necessary to complete the water works system of the City of Beaumont, under and by virtue of the q_j6-��llC Constitution aid Laws of. the ,State of Texas,'. and the power and authority granted in an act of the legislature of the State of Texas, incorporating the City of Beaumont, same .being chapter. ' 92 of the Special Laws passed at a regular 'sess.ion'. of the Thirty' --first Legislature and in pursuance of an ordinance pas -d by the City Council of the City of Beaumont, on the,k9th-clay of -September ,1916, and of reco;cd on page 40�Y Volume. 3, Ordinances of the City of Beaumont. / The date of 'thi s -bond is and it is hereby certified,,recited and directed that all acts, conditions and things regt.ired to be done and pre= cecdent to ;and in' the issuing of these bonds,. have been. properly, done , have happened a-nd been performed in .regular and due form as -required by' law, and that the total. indebtedness: of this city-,". ,including the total'.indebtedness contracted by the issuance of these bonds, does not exceed- the xceedthe constitutional or • .statutory limitation., And it is hereby tee ite.d, certified and declared that the additional tag levied and made necessary to be levied in order to provide .for the interest and principal of this issue of bonds, together with the rate of tax existing at the time of the issuance of these bonds-, is Within the limitations: of the constitution and laws of the State of Texas , and ofthe charter of the City of Beaumont, IN WITNESS WHEREOF' TBE CITY OF BEAUMONT HAS caused this -bond- to be issued and signed by its Mayor, countersigned•by its Secretary, registered by its City Treasurer and the corporate seal, of said City to be affixed thereto this the day of A.D. 1916. S igne d Inlay o r . City of Beaumont, Texas. Countersigned Secretary. City of Beaumont , Texas . ( Seal) Registered Treasurer City of Beaumont,Texas 4 _4 a. Y- s: '� rte. q��.o--1116 FORD OF COUPON. UNITED STATES OF AMERICA STATE OF TEXAS CITY OF BEAUMONT Noy $25.00 12,50 On the day of 19 the City of Beaumont, State of Texas , will pay to the bearer at the office of thev�� in the City. of New. York, State of New York, or at the o ice of the City Treasurer of the City of Beaumont, at the option of, .the holder,--twenty-Five and 00%100 Dollars (25.00 ) Twelve Dollars and fifty cents ( 12450) in gold coin of the. -United . States of America of the present standard of we ight ' and.- finenews,• being six man ' interest on bond issued under an ordinance adopted the. day of September, A. D: 1916, ' f or - b orr owing money for the ' purp o.se of making .permanent City Improvements, to -wit: Buildings, structures,' water mains, .appliances and other improvements necessary to` complete the water works. system,bf the City of Beaumont, Texas., Attest: -Mayor -City of Beau.mont,Texas. City etre ary. -SECT ION IV - It is further ordaim d that the Mayor be :authorized and he is hereby directed, to take ,and have charge of. -the above described bonds pending their investigation by the Attorney General of the State' of Texas, and.,upon their approval and registration he shall.proceed to sell. same at not less. than their face value -arid accrued interest at .public or private sale, and the pr oueeds of such sale shall be deposited with the City Treasurer of the City. of Beaumont, and .it is hereby made the, duty of the Mayor to provide that said bonds shall be delivered to the purchaser in the City, of Beaumont -and payment shall also be made in the City of Beaumont. The proceeds of said bonds .shall be used far the purpose of -making permanent City Improvement, to --wit: Buildings,`. Structures, Water -mains,' "appliances and other' improvements necessary to complete,the water works system of the City of Beaumont, Texas.# -SECTION V -- It is further ordained by the City Council that for the purpose of paying the interest of said bonds as well as the var€eous installments of principal as the dame shall respectively mature, there is hereby levied for the year 1916 and for each succeeding year thereafter, as long as the same may be necessary to provide fox the interest and annual installments of pr inc ipal of said bonds, on all property in the City of Beaumont, a straight ad valorem tax of Two cents, four and three tenths mills, (:x.0243) on each One Hundred (9§100.00) Dollars valuation of all taxable property in the City of Beaumont and same shall be annually assessed and collected} and said tax of Two cents, four and three tenths (,0243) mills on the one hundred dollars val.uati on our of a tax of cents on each one hundred ( $100.00) Dollars property valua- tion, levied to c reate the interest and sinking fund. to pay the. outstanding bonded indebtedness of this City by this City Council on the th day of September, 1916, ( The ordinance making said levy being of record on page 9 (9 Vol.3, Idinutes of Ordinances of this City) is hereby appropriated and set aside to pay the annual installments of principal of said bonds, and the interest thereon as they may nature an said tax or so much thereof as may be necessary is hereby levied for each ,year h=reafter while said bonds or any number thereof are outstanding, and the same shall be annually assessedg collected and applied to the purpose named. ,Section VI - WHEREAS, the fact that the City is. in urgent need of money in or der to make permanent City Impr ovement s to -wit: Buildings, Structures, eater -mains, appliances and a'� c( )- o- _q0_I other improvements necessary to complete the water works system of the City of Beaumont, Texas., creates an emergency and an imperative public necessily,necessitating that the -rule requiring ordinances to be read at three regular meetings shall be suspended. Said rule is therefore hereby suspended and this ordinance shall go into full force and effect from and after its lawful passage and publication. F Passed this the 1&th day of September,A.D.1916. c 0_r Approved this the Wirth day of September,.A..D. 1916. PSI yor i of Bea mon . Attest; ()ity Secretary.. SU 64 T. . C? Rti Ady �� � �,f• . �ea►c�c s►ta+ se�rrcuf'Y y' r Beaumont, Texas, September 3 :nth, 1916. Hon. Mayor & City Council, Gentle man: City4 vile, your Board of Pub.lic "Warks, to whom was referred the ordinance entitled, "An Ordinance, Entitled an Ordinance authorizing the issuance of bonds for the purpose of making permanent City Improvements to -wit: Buildings, structures, water mains, appliances and other improvements neces-'sary to complete the water works system of the City of Beaumont, and declaring an emergency. " Beg to report that we have carefully considered same and rec omruend the adoption of said or dinance . T�T QwNta�`t paar t city Soas�trct �� 1- ► C�1na Respectfully submitted, Beaumont, Texas, September :th,19lo. Hon. iiayor & City Council 9 C ity. Gentlemen: I'le, your Ordinance Committee, wo whom was referred the attached ordinance, beg to report that we have carefully examined sa.rne and recomiend that it be adopted under a suspension of the rule requiring ordinances to be read ;.t three regular meetings. Respectfully submitted. . y. U r T CR ptt� ¢eiAioa �,Y pry `y 1�M 1� Cti dinance Commi ttee. 4k. AN ORDINANCE t. Entitled an Ordinance authorizing the issuance of bonds for the purpose of making permanent City Impr ovemeYats to -wit: Wharves, Docks, Terminals,.Slips and other and structures for facilitating or accomodating commerce or navigation on the Neches River, and declaring an,'emergen.cy. WHEREAS, on the 5th day of September, 1916, the property tag paying voters of tae City of Beaumont, Texas, did, .by an election held in the City of Beaumont, on said date, authogize the City Council of the City k, - of Beaumont t oft he amount of Two Hundred and Thirty Thousand (230,000.00) Dollars, payable serially in from one to forty, years from date, in equal annual install- ments, bearing interest at the rate of five (5%) per . cent per annum, payable semi --annually, said sum to be used for the purpose of making permanent Public City Improvements to -wit: Wharves, Decks, Terminals, Slips and other .,;E ray alag, r a Es and structures for facilitating or accomoda- ting commerce or navigation on the Neches River, and, vVMEAS, it is deemed expedient and advisable at this time to issue bonds in the sum of Two Hundred and Thirty Thousand ($230,000-00) Dollars, under the authority conferred by said election of date of September 5th, 1916, NOW THEREFORE 'BE IT ORDAI1%TED BY TP -E., C ITY COUNC IL , OF THE' C ITY OF BEATLIONT, TEXAS:. -SECTION I - That the City of Beaumont shall issue. bonds as hereinafter described for and in behalf of and upon the credit of the City of Beaumont, to borrow money to the extent of Two Hundred and Thirty Thousand ($230,000-00) Dollars, for the purpose of making permanent City Improvements, to -wit: Wharves, Docks, Terminals, Slips and other appliances and structures for facilitating or accomodating commerce or navigation on the Neches River. -SECTION II- That- the Mayor is hereby authorized and directed to have prepared and executed two hundred .and forty (240)4°(ev f` A � numbered from one to two hundred and forty, two hundred of said bonds to be of the denomination of One Thousand ($1,000.00) -Dollars, and forty of said bonds to be of -the denomination of Seven Hundred and F i fty (x750,.00 )' Dollars each and payable in gold : co) in of the United States of America of the present Standard of weight and fineness. Each bond shall be dated 1916 and said bonds shall mature as follows, to"wit: 5,76Q.00 due_C�� - X917. NOV �50750.00 due 01750.'00 due NOV j 1919 • $50750.00 due PJDU - 1 1920. 05, 750.00 due 1921. 5,750.00 due N 0 i 1922. $5, 750.00 due 'Y� 1923.. 15,750.00 due y��l :i ' _ 1924. 05,750.00 due NOV 1 1925. NOV , 5,750.00 due 1926. $5,750.00 due NOV 1 1927. $5, 750.00 due Nlov 1 1928. 45, 750.00 -due �-i- 1 1929. $5,750.00 due. ''•`^' a; _w 1930. 45,750.00 due NOV 1 1931. $5,750.00 due NOV 1 1932. $5,750-00 due � 1933. 5,750.00 due 1934'. $5,750.00 due 1935• $5,750.00 due 1936. $5,750.00 due 1937, $5,750* 00 due NOV 1 1938. t5,750.00 due NOV I. 1939. 051,750.00 due NOV 1 1940. x �5, 750.00 ,due "40V r 1941. $5, 750.00, due ! `0�/ s'� 1942. $5,750-00- due NOV � � 1943. $61,75 0. 00 due (`I Ov 1 1944. 45,750-00 due N UU 1 1945. $5,750.00 $5t750.00 due $6#750.00 1946. $5,750.,00 due due 1947. $5,,750.00 du® ` �' .1948. 05,750.00 due - 1949. 05,750.00 due `- 1950. $5.7,50.00 due 1951. 50750.00 due NOV 1952. 051, 750.00 due NOV 1953. $5,750.00 due . 114 oy 1954� $6#750.00 due N o -� 1955. $5,750.00 due ` �� 1956. All bonds shall bear. intere st from 'date . at the rate of five (5%) per cent per annum, payable semi-annually on ,� and, aWr- / of each year, accox� ding to the tenor of the tnterest coupons to be attached to said bands. The' Mayor. shall - sign said bonds and they shall be countersigned by the City Secretary, registered by the City Treasurer and the seal of the City shall be impressed. upon each one of them. The coupons shall be executed with the signatures of the Mayor and City Secretary. Bonds and coupons shall be payable upon presentation .and sur.rend.er _at _ the , of.f_ice- of the in the City of New York, N.Y. or at the office of , the City Txeasarer - of Beaumont, .Texas, at the option of the holder. -SECTION III - The bonds -and co. upons above provided �LKpon their face shall be substantially in words and signatures as follows, to -wit: I 4- u FORM OF B OND. No. 01,000.00 17501,00 UNITED' STATES OF &MICA STATE OF TEXAS CITY OF BEAUi40NT 5% WHARF BONDS . KNOW ALL HIEN BY THESE 'PRESENTS: That the City of Beaumont in the -State of .Texas, hereby ac,k2aowle dge s itself to owe and for value received hereby promises to pay to bearer One Thousand Dollars ($1,000.00) Seven Hundred Fifty Dollars (750.00) in .gold boin of the United States of America of the present standard of weight and fineness, on the day of 1° "? , with int exe st on said sum from the date of this bond at the rate of five (5%) per cent per _annum, .payable semi-annually; on 1, the day of and the day- of of each year in like gold coin as evidenced and upon presentation of the annexed interest coupons as they severally become due. Both principal and interest of this bond are payable -at the office of the v,,��j ft in the City of New York, State of New York, "or at the office of the City Treasurer of the! City of Beaumont, at the option of the holder. This bond is one of a series of. Two hundred and forty (240) bonds of like tenor and elate except as to amount and. maturity numbered from one to two hundred and forty ( 240) inclus ive ; two liundre-d ( 200) of, said b onds being in the sum of One Thousand Dollars each, and forty of said bonds .being in the sum of Seven Hundred and Fifty Dollars each, and -aggregating in amount, Two Hundred and Thirty Thousand (230,000.00) Dollars, issued by the' City 'of Beaumont for the purpose of making permanent city improvement, to -wits Wharves, Docks', Terminals; Slips,and other C! ooF I 1 appliances .and structures for facilitating or acc omodat ing commerce or navigation on the Neches River, under and by virtue of the ' C oast i to t i on and Laws of the State of Texas, ard- the power and authority, grafited in an act of the Legis" 1ature of the State of Texas, incorporating the City of Beaumont, same being Chapter 92 -of ,the Special Laws passed- at assedat the regular se as ion of the Thirty-first legialature and the amendment thereto,, ad.opted by a vote of the Citizens of Beaumont, at an election held .for the purpose on the 16th, day of September ,.',1913 , under and by virtue of the power and authority :granted by an act of the Legislature of the State of Texas, authorizing cities of more than five thousand inhabitants to adopt and amend their charter., same being Chapter 147- of the General Laws -,passed- at a regular session of the 33rd Legislature, and in pursuance of an ordinance passed by the City Council -of the City of Beaumont, on the Uth day of September, 1916, and of record on page & Volume 3, Ordinances of -the City of Beaumont. The date of this bond is and. it is hereby certified, recited and directed that all acts, conditions and things required to.be done and pre- cedent to and in the issuing of these bonds, have been properly done, have happened and been performed in regular and due form as r equired by law, and that the total indebtedness of this city, including the total indebtedness contracted by the issuance of these. bonds, does not exceed the consitutional or statutory limitation. ,And it is hereby recited,, certified and declared that the additional, tax. levied and made necessary to ,be' levied: in order to provide for the, interest and principal rate of this issue of bonds, together with thext:mx xmME t of tax existing at the time of the -i.s,suance of these bonds, t sem, within the limitations of the constitution and laws of e-'+1 C's- ( the State of Texas, and of the charter of the City of. Beaumont,. IN WITFIESS WHEREOF, the City bf- Beaumont has caused this bond to"be issued .and signed by, its Mayor, countersigned by its Secretary, registered by its City. Treasurer and the corporate seal of said City to -be affixed thereto this the day of A.D. 1916. Signed Mayor. City of Beaumont, Texas, Countersigned Secretary. City 'of Beaumont, Texas*... (Seal) 0 Registered Treasurer City of Beaumont,Tex. FORM .-OF C OUPON. UNI TED. STATES OF.AN34 RICA. STATE OF TEXAS CITY OF BEAUMONT $25.00 18.75 On the day of 19 , tl3p City of Beaumont, State of.. exa ,, wil pa to the bearer at the office,of the ��� t-ak in. theCity of New York, -.State of ,New .ork, or at the off ice of the City Treasurer of the City of Beaumont, at the option of the holder,' Twenty Five (025.'00). Dollars Eighteen Dollars and seventy--five($18.75)cents. in gold "coin of the United States of. America of the present standard of weight and finenevs, being sig months' interest on bond .issued under an ordinance adopted the nth day of September, A.D. _19'16 _for borrowing money for the purpose of making permanent City Improvements to -Wit: Whaxves, Docks Terminals, Slips and other appliances and structures for facilitating or accomocating commerce or navigation .on the Neches River. Mayor C ity 92 Beaumon , Texas. SECTION IV - It is further arda-Tn6d that the. Mayor be authorized and he is hereby :directed, to take and have charge of the above 4W 0 described bonds pending their investigati on by th.e Attorney General of. the State, of Texas', and upon the it appy oval and registration he shall proceed to sell same; at not less than their, face value and accrued interest at publie or private sale, and the proceeds of such sale shall be de- posited with the City Treasurer of the City of Beaumont, and . i t is hereby made the duty of . the 1.1 ay.or to pr ovi de that sE� d bonds shall be delivered to the purchaser in the City of Beaumont and payment shall -'also be made in the City of Beaumont. The: proceeds of said bonds shall be used for the purpose of making -permanent City Improvement, to -wit: Wharves-, Docks, Terminals Slips and other. applianees and .structures for-, facilitating or accomodating'oommerce or navigation on the Neches River. -SECTION V- It is further ordained by the City Council that for the purpose of paying the interest of said bonds as well as the various installments of principal as the same shall respectively mature, there is. hereby levied for the. year 1916 and for each succeeding, year thereafter, as long as the same may b e . ne: ce ssary to provide for, .the interest and annual install -me nts of, pr inc ipal of sa id b onds, on all property in the City of Beaumont, a straight. ad valorem tax of five cents, f ive and four tenths mills .# (0,-05.54) on each One Hundred ' 0100.00) Dollars valuation of all taxable-. -property '-in the G its of Beaumont and same shall be annually assessed and collected, and said tax of five cents, five and four tenths t$.0554) mills,on the One Hundred Dollars val-mati on out of a tax of � cents on each one hundred (0100.00) Dollars property valuation, levied to create the interest and sinking fund to pap the outstanding bonded indebtedness of this City by this City Counc it ' ons the -1,8th day of September, 1916 .( The ordinance - making said. levy, being of record on page r vol.3, Minutes of Ordinances of this City) is hereby appropriated and set aside to pay the annual installments of princ ipal of said bonds, and the interest thereon as they -may mature and said. tax. or so much thereof as may be necessary is hereby levied for each year hereafter while said bonds or any number thereof are ontstanding and t he same shall be annually assessed, colle.cited.and applied, to the purpose named. SECTION VI-- ?'dF..EREAS, the fact, that the City' i,s . in ur gent need of money .in order to' make permanent-. City ,ImpIrovements to --Writ Wharves, Docks, Terminals, Slips and other appliances and structures for facilitating or accomodating commerce on the Neches River, in order . to properly handle the protect the wharves and docks, creates an emergency and an. imperative public necessity', necessitating that the, rule requiring ordinances to be read at three regular meetings shall be suspended. Said rule is therefore. hereby suspended and this ordinance shall go into full force and..effect from and after its lawful assage and publiedt ion. Passed, this the, iIfbth day of September, l..D : 19161 Approved this the ljtth day of September. A.D. 1916 ► - T��e Attest: Ci y Secretary.. FILED ON THIS THE „ 20 OF SEP - 'qiq- J. G. SUTTON. CITY SECRETARY AssistiWL City Surr,Ntary M W Beaumont, Texas, September .19th,1916. Hon. Mayor & City Council, C it y. Ge nt le me n: We, your Board of Public Works, to whom was referred the ordinance entitled, Tr An Ordinance, Entitled .an Ordinance authorizing the issuance of bonds fot •the' purpose of making permanent City Improvements to -wit: Wharves, Docks, Terminals, Slips and other appliances and structures• for facilitating or accomodating commerce or navigation on the Neches River, 'and. declaring an emergency. Beg to report that we have carefully considered sane and. recommend the adoption of said. ordinance. Respectfully submitted, 4-1 Boar d of PU is Works. Beaamont, Texas, September 19th,1916. Hon. Mayor & City .Council, C it Y., Gentle men i 'We, your, Ordinance Committee, to whom was referred the attached' ordinance; beg'to report that we have carefully examined same 'and recommend that it be adopted, under a suspension of the rule requir ing ordinances to be read at.'three regular meetings. Respectfully submitted, 0Q/finance c ornm ttee.