HomeMy WebLinkAboutORD 31-CA'N, Q nT"A':T Ci:,
i n
:n�itled �!.n �rJ.inaalcc �utoriziiZ� �i-'.: i<;su�,nca �y
il%i for the jJl iiJJ,v 01 -e2-i.anent L)-ulblic u,ity ijfa-
JrOV":2.ntj,t0-•+it. The _Cy?liri.37` of lan-L- eith'-�1.'
or .vithout- the of tllc C-t1T of, i.3a-tuilont, TvrtLrl, fog
)u',-)1 i 0 ;)arks f or tile, Ci t,r Of t .
'tifherea,s, orl the 7th 'J:zy of ":1 t;u,_ f_, , L:�17, the ;rniJ.,-:•t;;,r .
��.:Ly�11�-) VO., I��J O-. J=i.1� C i t Y C,f 1)'.i:_1. H71�1J_flt,
-:;,n ale ction'.�i.' in th:; City of B-aumont, on cLUid .-3,t o, .,u_.
thorize -che City Ccuncil of the City of ??oaumont to i:z nuc
bond 1(J fila �Li!IOL1n t, Uf nIl : IT'.ZI1 �7.'LC:.hUUa '?il (;: 1'.)' %� _ •)�) 1
_:l l,w� t1cLywbl, :s 11a11Y ill f]'Ut;t 0?1a to fu2ty J:. -Ll :3 f 1cu'(A
Lt�;, iil .t:1 ?1'nl%.a.� i:lUta1!1312nt3, 1JC:zi'J.Tl i -L t1::r:)6t .it th; �
-ca ", V;;., 5'?1 r ;�: :;.t �n lu':: J L�' b1 s rni - `enuali,r QW
.w L
Ul
I H�
aid :)u�l to be u3-, far the Nuri oa-3. 0f' iilol:in iJt :'L"1:Jllcnt 1J -r- CD
tic city im-,�rovolflcntj,to-,iit: `'TIC �L^,_:'ui-'iII Of rands cither7I.
CJ C5
;Fli.tnin or xithc)ut the :i_imits of thu City of Bc Li)mc)nt,; ice, W
n.,
f
or iC ;) i:,� iOI til:. City,
LV Of L �:,:,LLllti�tll,,
it is d', mod �-x/ '-j_i,nt ry 11 b-1.�
�/'v I. " l7l.l 'J. �Ll].�. 'AV 1.J_Z. at JLi 1.ti
. r
tizia to i ;.,uc ,ondc3 in tha ;ut1 cf Ona Hia dr -,d Thousjald
OO)r)oliaro, undJr the ,-u.th(3 a it;;r cf.
c3�Ut1 cf �ta5r,'u�:Tt� 7t h,l'�^17TIT!.',
T
� r ��Il�l' •.J'5Y'� lei. Tr'
L
T� 1: � L 1'moi TIT T (7-TT',T('' T Of `JT;
'p� Qv"
r,TTr 0 �rfjTJ,t.-,� ,-=
)-TT T j.'� �
r CT T'1TT
- C� J
Th ---'U- th:; City of B: =,tnnf�nt sh:L11 i.„u� bon.uu :3 b� yr1 0 tip
:;,ft sr -' . ` ib:,d f �tict i.. buh� 1f c -J.' �.nd u� on tiffs cr<;U it Oy U 0
,, ' IIl
n�
til; ;it f of >✓Jc L'aitci::t, to barrow '.iionuy tQ t� CY��.._t J:C One
Hunirc d 7hoia�3.:n 1, (r{100,000.00 '-)11.J,2.6 "D,;e )f
"dont _�ubiic City iui,JrUVDmCnts,'t•U 'vV1t. T13:;
i7,inco of land. -3 eitna3r ail:hin or ,vithout Gil.> limits ul.th City
LD
,,. _
,:,f B1l".'ni,ont, `?,,.:as, for .,)ub1ic _)�.P1>.0 f+7 x' tP_i City Jf T::�iU?P_OP_' ,
T .--ixu,o • v
0
T a l�
1. syssctha
.44W11_7L,6
SjCTION 2,Q
That.. the ilayor, is hereby a,,W horized and •directed to
-
haveprepared and e,xeouted one hundred and' t�rren"ty ("120-) ,
bond:, numbered Froin one --to one hundred and .Ltivr-nty, 01i ht'',
of said: bonds to be of the denon lnwtion of One Thousand
01000,00) Dollars, and fgrty of -said borids t"o- be of "Cha
denomination of Five", Hundred. 0500.00) Dollars each,
p�;yable -in -old coin of the, tTnited Stzt'e6 of.'Ame:cica, of
'c�resent standard of., woight and fineness. Each bond 6hU.11
1)o dated, . Janu;Llst, _ ,; 1y1.8, 'cLnCI .,�-.id bozids
sha.11 mature as follows, to-,4vit;
je.
•
2S�oo, -au , ' "January 1st' 1919. 0Zsoa 1�u.e Ja.ntaa.ry 1:�t 1920.
n �r n ar 1921. tr n n " n '10,22.
it n n tr 1923 n n n ++ 1.924
u n n n 19,51 n n rr +' 1926
tt n tr n
1927:' n n it r+. 1978
--- ..-- --:.. ----n .. _ .r' . , tt .:. r►
1929 rt ++ it ++ 1930 .
n rt
it if 1931 Tr it rt r+ 1932
n
it. it it 1933..it u , u u 1 34
t+ n ++ n 1935 +t tr u u 1930
it it n • if 1937 tt it it 1938
it it r: n 1939 n it n it 1940
„
it r, . 1941 n if if it 1942
if rt .. tr. it 1943. ++ it it it 1944
it it n If 1945 ri It If tt 194
t: it n n 1947 It it it. It, 1948
n
It it' r+_ --j949 '_ tt_ It it n' 1950
u n
it It 1951 if if. it n" 1952
rt n n
it 1953 It rr It n 1954
n tr tr a 1955 r: n It it 1953
it it rt It 1957 n rr n it 1958
All.bonds Ghall b e _T intartrst: Tr::':;i date �t tho ra:o
f"ive`.(561) ;)ur cent per 'ar_nura, payable semi --a -,x ally \
on Jill Y, 1st and January Is t__., of each year, according `
aw
to the tenor of the interast COUP= to to Ittschad t,,)
said banU. `i hs AnyoD Kul! aign W hands and they
shall bq countcraigned by the City Scarytary, roji2taz
na by tai d City Troajuxcr, an M boal of the City sh"11
ba impres oed -+ion cc,..ch one of them. The coupons shall
be executed with the lithographed aiZ-_natures of
it LM City 0ecrutary. Bonds and coupons shall 13 payablB
uDen presentation ld surrender at tha office of tho Tat-
ional City Burh in the City of New York,n,y,,or at tho,
office of thd City Treasurer of BeaumAt, Texa3, "t th4
Dation of tha holder.
SECTION 3.
Thu '00lds and coupono above yrovided for, UPOIi
their face chall ba sub6tantially in words and fijuea,�
an follaus, to -sit:
FO�Uj OF 7,,
500 GO
U1,TITT? STATES OF AMRICA
STATF OF TFXM
MY OF MIUMOWT
5% P40K DONDS.
XN07 ALL WN, EY TT7,E2--, ?MSENTS: That the City of MuQuat in
the Kato of Mao, halaby acknowledgao itsalf to owe and for
value recti ivbd hereby promises to pay to boa.t!er Ono Tho -j.,3«_, -1d
Dollars (11,000,00)
500,00) Five Hi)ndrod Doll"vz.
in gcld coin. of tha Unitod Mtob of America of the present
stanJard of weight and fin2ncoo, on tho lst day of jannary,_
1g ,with interest on osid sum -from dote of this bond at the,
rate of fiva (50, P�2 cent Par_a-nn,,',m, .3L�yc,ble 6smi-anannily,
on kin _la 1_ day of __Julj and -the icit _day of January
of each yan Mo
er igold c
coin as videnced d p
anupon rosants-
tion of the nnAaxod interest coupons as they sevarally bscon;-
due, both priacipal and intaxont of thio bond nre -quynbla at
the offionyhowl City hank in the City of No, YorK, 3t,Q-
of liq Yorks Dr at the of'f'ice of tha City Trwnsuzax of W
City af,Adsanont, st tha option of the holder.
This band i ono of a cer �. H ' -
f.:+ j v a,G�':� a• 1.110 is.ii�,ll.'v'Q x,11(..
li1,:� t,-7!nor r"d da -f -c c-ce;'t _.� `o a-moi-Z1t and.
t11alm.ri.ty ntII1bera_d from one to 0110 'f1t1m"l:Led _'a.sid tv,,onty (120)
j..1J.v j l��i.t j' 1 3C) of said bU11i�:i iJUin`; in the l:Y'1 Cif Oilv
11GL1w'1?d DUilc4r3 8nri foz''i,jr t1i} of _;ciia 'ciJil J�1!1 '_i
.�x„1 .):L rive, Hlzmd.rr✓d Bo17.ar.o .--ch, Wna aUrre7 Wit_
.JJ-,_N.N3`.0, �i-3,s di1in o?lnt n1 7C�
i iza Cit- of Be!:-,-v.-mont tor thei_-1iir n
mcin'i;t;,tp .,Ti.t: Tho � Cjt?: 1'ii"1.C; of 1,_nds hither vii.'thin :)r .+vit 1`L1v
the liiiiit5 of the City of DG'..mrrlont,T'c xas� f oz Pa1'iC,3 f G2
the Citr of B'�:�,uaazl�;,T:t._,.._, und�.� and by t,e of thy, Cos-iji•-
tation -nd of the Sta,to of Tc:•ca.s, end. the .��. � ' =L11�3 �zGil.
city gr._,,nted in an cLct of th a;'j1 fL?L"_ v.f (1C3 ��lr: t'r of
TU:ica,s, incor-ooratincr, the City '3f � aU 1Jn+� ;1 )riiil� �i1; ii;• :t'
S-;`eci3,I tt:?;v`r' p.LGo�r d _,t a regulc.I' of the `nh ztya.
QacG�
first Leorislatuz zl of n ordin.-i ce _)�sscd by th'o City
Coup -oil of the Cit -,,r of n� �}ztlolit, ?�" -'Df,-)-Luh of Tov :.f,), r,
--1Q 1 '7 � n,. of - reco cd on ~�a reg-- �� � - V��l , � orAi n;Lncei, of
th'o Cit}r of Balalimont
1� The data of this bond. is Janua �y Ist,1918, and it i6
xr/11 11 :L''„by Cortifie d,r: C1.ted and 4-11-,c_u ,: i. �.')nditions
1✓
to IJP dine i.1,11d3ia•-
i 11n, of thGSi CSO-''1d'si�+Jctl _-)-ro-peT y done, i:i-v':: h� ..,.) J)e`ncd and
b e t;n _)e f'�1.med in l' ���� Li: r =,nd 'd it
th-,,A:G t,hG tot; l indebt3dnes" of this City, inclllldim)� the tots.? in--
?i;f1'G. (ii�v i CvT1tT' �Gt'; by th' 1a:1tt I1Cu of these- ponds, oo--��
GyG'revd the con�t.itutior_al o'r statutory .l_illi /_tion.
1-1 d, 1 t 1 !1C b y 1'�_- C .1 t G Ci , C, : t i f :I. �(L &nd is C 's.1" t i1 t
tn 1; 7 iy i _ r I n i -� r�' �. ti1 '1. � e 1 3 � s c� •� 1' yr to b', I � "{
ll v ca,(1 U �. .� L'.i1�.v 1, G�.: �, l.. V ._ t:,� .� 1 l_ �: i:..� a. i ... 1. E' i) :.7 :s, v �%'� I� 1� 7. i i
o2.'.'.. --r to f:rovid€; for th:s intero;rlt ;::bpd iJ?'ii!v�!_y1 U)f
cf bon'd3.i tog,,.`tilo3 ;di t'1 thc rc,,.'-':.' of ' a.,,. wt l;; ti.il: of
',llh,�,, i 2-oa,1''_Cc; of til NU bon` ic -.,'ithin the _ii-Atati.on-9 of tho
ConstitLition and the Lwa6 of th.. Stat(; of T'lxas, and of the h,:,-,
for of the. City of u
[ H j TTr"i lj. TT' �T r'17 �PHE CITU � i':tu"T'( ''T�' _i ,� �r�. t s
1. 1_ 1 1 l.r 1 - 1' ), e 1,. s r t. U �I i.,
bond is 1;U i „a; ,7" ld si .'1;C by it �,�ror, c alt' y i, l�cd by its
Tacratary,regiots2ad by its City Mwsurn2 and thi 001yoraW,
Eval of ..=aid City to be affixed tharato this tha--day of
Visnod)—
�ity of
Kos.
(sea!)
Rwlistw2ad: - Trevonzan
STATE OF T_.' ;Yid,,'
01W OW P-MY01T.
of 0h Z, Munta C? Uy 2ank in Me Wity. of How, York, , Etata of My,
York, or . t tha off icc of the City Treasif 32 of ;ha City of EIWUIA_
mont, at the oltion cf ths huldoz,
M,
..'Onty.fivc and 00/100 2011ar, REMO)
Taciva 'Lc: lure and fifty cirtc (Q12.50)
in gold coin of tn2 Unitad Statea of War!= of ho "remant,
stundard of -weight and finanuss, buing sin months interact on
bind isouid rnder an oritonnce .2v;tud Lr u 20th My of Novamber,
1917, for b6r7,'awinZ :1o'-_ny for thy irryosu of mahW7 porrino2t
city inpfcvamontz, to.ait: Tha acqnjring of lands nitb= YJ. thin
or without M TWO of tha City of P3w,mant, RnKL, for ;Waic
paM for the City of Buunnort, Tu., us
Muyar,City of Eesuncnt, Maj,
City seorotary.
00
in thn Dt day ,
J1 j
Manoupy.
12 tb2 City
of
"�I'. Qont, State of Taxas,
will pay Ku M
bjuvar �L _h"
sffio,-�
of 0h Z, Munta C? Uy 2ank in Me Wity. of How, York, , Etata of My,
York, or . t tha off icc of the City Treasif 32 of ;ha City of EIWUIA_
mont, at the oltion cf ths huldoz,
M,
..'Onty.fivc and 00/100 2011ar, REMO)
Taciva 'Lc: lure and fifty cirtc (Q12.50)
in gold coin of tn2 Unitad Statea of War!= of ho "remant,
stundard of -weight and finanuss, buing sin months interact on
bind isouid rnder an oritonnce .2v;tud Lr u 20th My of Novamber,
1917, for b6r7,'awinZ :1o'-_ny for thy irryosu of mahW7 porrino2t
city inpfcvamontz, to.ait: Tha acqnjring of lands nitb= YJ. thin
or without M TWO of tha City of P3w,mant, RnKL, for ;Waic
paM for the City of Buunnort, Tu., us
Muyar,City of Eesuncnt, Maj,
City seorotary.
SECTION 4.
it is furthor ordained that the :Rayor be a,u.thori.zec_i
E..nd he is hereby lirect,�d to ta.>e and ho:vo ohL:,:�47o of tllu
br,vc u.,,,scribed' boftdzi pendiil-'he-Ir il)?rF�:�'tiC; ti011 by tho
At�i,omey Gonc;ra.l of the State of Texas, 6. -,Lada o.: tix-it a'0-0-
roval and he . shall_socee d to sell Baric at
not !-.ss than their faCo'VC- 11 118 -ub-
li(,, or ).civote and the proceeds of such WW1 5, hLL1 be
deposited with th-o Cityr `I're surer of the City O
and_ it is hereby rnWdc the duty of the, 'Lyor to -provide thc','t
said borldo sha.1.1 bo delivered to the. ou-'r ch�ii3 3 :c
of Tt r;.;_, � h
- � -1'.t, art_ .;�+.T a:en� sh�;.11 ",.l:�o b�� ;;iadc in the C_ -Ly of
Borzumont. Th. ';-;roceo s of c,aid bonds shall be used fox. the
puT-posa of :1 tlLin; permanent city iifl? I Ov�IRv'nt, tC?-,:rlt: The
accluirir of Ian ds withex or wit',out the limits of
the City of Be�tiurkont, Texas, for-pablic parks for the City
of Beai-i font, `Z-,, as .
SECTION
It is fu',1tbor ordainad by the City Cc,jncil th«.t
for the :ju:cposc3 of L-)a-ying the st of said bonds, a�
;rc�11 as the; various installments of :rinci;yW1 az the lair
shall Tospettively mature, there is hereby ]._vi c'! fo.:, 16,11e,
r(icL yCj.;- 7 cl'G. for e ch succoo-di tig year therectf ter, as long
ct, th13 :..;mo ma,y be nQcessary, t 0 p ovide the i_C,t : G'ilut and, all-
nual of of said bonds, on all property
in tlxo City of Beau vont, c, str i ht ad va 1 ci1';arn a:s_ of two
cents snd three mill ( .023) on e�:ch Ong Htind.rud Dollars 0100}
valuation Qf all taxable -property in the City of Bea,11: it,jnt =1Dd
t-Nt7 c .r_to c•,nd+. threerni:ilc (.0?3) oil the TiOHt�7ld c:d. Dollars
vCt-1.1:100, i On out of a tab Of f o:rty f i-ve canto f iv"o LC7' t-vtro-tci;.th,s
Milis � on each On,__Hundred Dollar- Iarolp rty v: lu^.t ion,
levied to create the intef•est and sinkincr flznd to -.�)a,y the Out--
-tanding bond,'jd indobted.ness of thio Ci -y by this City Council
on the. 16th day of October, 1917 ( tha,
'rW
levy eJ nm of ori ncL Z; a 4, Vol . q:,i
o this City) 1s ho ,ijy i od ?fit' set wside to .'.)@,
the ca:anuwl of of: L;-11
' h:-' ' on they may a -id -----:;Ad t?:t or so wiu-ch
theroo as -:nuir be nece3at'V is h -,:.'l b r .:
bnnd i or ,::i.ny nu-abeZ
di:n ; arlcl the ,_ anc rl. l _ e collected and
.a!D)JA ed to the pux;)cs3 n -wined.
?"s: 3;;d this the ay of o,J A.D.191.7.
l-h�)— dllT of � _.._..�. .r,,-1.917.
O - R, CITY nta ,rT.
20 7C T !-ff
r•
t
Beaumont, Texas, 10/16/17,
To the Honorable Mayor and City Council,
0 1 T Y.
Gentlement-
wa, your ordinance committee to whom was referred
the attached, ordinance, beg to report that we have care -fully
considered same and recommend its adoption.
Yours truly,
-Ordinance c ommi ttee,