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HomeMy WebLinkAboutORD 88-CDA AN ORDINANCE Entitled an ordinance authorizing and directing the Mayor and City Manager of the City of Beaumont to close the contract - to purchase from Nye. Odorless Cremator yr Company, of Macon, Ga., two single unit Standard Brick Incinerators, on the terms and conditions and -according 'to the plans and specifications there- in provided; authorizing and directing the proper officers of the City to execute and deliver to said concern,the obligations of said city.for the purchase of said,incine'rators; prescrib- ing -_the Kprm and terms and conditions_of-,_said .obligations:;_.___ _ creatin4 an' interest and sinking fund for the retirement of said obligation; and.providing that said ordinance shall take effect. .on the. date of its passage. :'BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF BEAUMONT : Section .1. That the Mayor and City Manager of the City of Beaumont be, and they are hereby authorized and directed to purchase, two single unit standard Brick Incinerators, from the Nye., Odor- less Drematory, Company, •a corporation of Bibb County, Georgia, whose .home office is in the City of Macon in said state, on the terms and conditions and -according to. -.the --.plans and sp-ecifications of the bid.of said -concern, and the contract executed on said bid by the. City of Beaumont and said' concern, dated- May 25th. 1921, for the total sum of Nineteen Thousand, Five Hundred (19,500.00) Dollars; as provided for .in 'said contract and the Mayor and City Clerk are hereby authorized and.directed to execute and deliver to said Nye. Odorless Crematory Company, three -(3) promissory notes of the City of. Beaumont., bearing interest at the rate of six (6%)'percentum per annum from date until paid, the first:.` two (2) of said obligations to bepor the sum of Five Thousand (05,000.00) Dollars each, payable on July lst. 1922, and July lst..1923, respectively, and the third and last to be for the sum of Four. -Thousand -Five Hundred ($4,500.00) Dollars, payable on July lst..1924, said notes to be numbered from One .(1) to z three -(3) inclusive; all payable. at the First National Bank of Beaumont, Texas, 'the said obligations to. be- in form, words and figures as -follows., save and except their matutity- da.;tes and the -amounts thereof to -wit i OJLet, 0 CITY OF BEAUMONT. STATE OF. TEXAS. KNOW ALL FILEN BY TIT SE PIS SENTS : - That RESENTS. - That the City of Beaumont, in.the State of Texas, -hereby acknowledges itself to owe, and' For Value ReceiVed hereby pro- mises.to pay o Nye Odorless Crematory Company, a corporation organized and doing business under the, laws of the State of Georgia,with its principal office in the City of Macon, in p said, state or its order, at the First Nat i,onal, Bark. of Beau- mont, Beaumont, Texas, the sum .of Dollars, togdther �,vith six 6%). percentum -interest per annum from date until'paid ,the interest, payable semi-annually as - it cl­ - -t o ­- the interest- accru&s,'a6co'r ing, --c oup 6 ns hereto -a t t -ache d; --and ten (10%) percentum of both principal and. interest -shall be added in the event of default in the payment of this note, or any in- stallment,' of interest -when due; and the same is -placed- in the hands of an attorney for,collection, or -suit or any legal pro- ceedi-ng whatever is instituted thereon to -collect:the same. This i -s one of a seriesof three (3) promissory. notes given by the City oT.Beaumont to the said Nye Odorless Crematory Company as the purchase price of two Single Unit Standard Brick Incineratorspurchased- by said City from the -said, Nye Odorless Crematory Company, numbered from One (1) to Three 0) inclusive and of the same date, Nos. One (1), and Two (2) being for the sum of Five Thousand ($5,'000.00) Dollars, each,, and No. ,,,Three' (3) being ,for the sumof Four Thousand Five Hundred (4,500.00) Dollars, Nos. One (1) and Two (2), nl.taring j.Ul_y:ltt'. 1929, and July 1st. -1923, respectfully, and No. three `(3) maturing July lst. 1924. Now, in the event of default in the patent of this or any other note of baid'series, or any installment .of interest on: either, on any part of either, punctually at its or their maturity, the holder thereof may, at his opotiog, dellare all due. IN AI`1'HESS WREOP, the City of Beaumont has, this the day of June, A. D., 1921, caused this note to be signed- by ignedby its Mayor and attested by its City Clerk, and the corporate seal of said city to be affixed thereto. (Signed) Mayor of the City of Beau- mont, Texas. ATTEST: CI`:CY CLERK OF THE CITY OF BEAUMODT, TEXAS . FOM OI' II TEHEST COUPON. On the day of , 19 , the City of Beaumont, State of Texas, will, pay to Eye Odorless Crema- tory Company, or its order, at the First National Bank of Beaumont, Beaumont, Texas, Q�� ) Dollars, being six months' interest on the promissory note of the said City of .Beaumont issued under an ordi- nance adopted on the 31st. day of Yly, 1921, for the purchase of two single Unit Standard Brick Incinerators. payor, City of Beaumont, Texas. ATTEST: City Clerk, City of Beaumont, Texas. Section 2. That for the purpose of paying the interest on the above described promissory notes, as well as the principal thereof, as the same shall respectively mature, there is hereby levied for 4. the year 19.21, and for each succeeding. year thereafter as long as the same, may be necessary t -o provide the interest. -and. princi- pal on said notes, on .all property. in the City of Beaumont subject to' taxation, an ,ad valorem' tax of one cent four mills '( .014) on each 100.00'valuati6n of all taxable property in the City of Beaumont, amA. the same shall b so -annually assessed: and collect- ed and applied, -'and- said tax,'or so much thereof as maybe necessary, .is hereby levied for each year thereafter while said notes,'or any number thereof .or the interest thereon are outstand- ing, and the same shall be, annually' assessed, collected and applied- to ppliedto said purpose. This .ordinance shall take ,effect on the date of its passage. Passed this the 31st. dad' of May, A. D.,,1921, by the affirmative -Vote' of, all members. of the City Commission of the City -.of, Beaumont.: - Approved this the 31st. day of 1Iay, A. D.', 19219 MAY ATT CI`T'Y ERRS.,: Cityof'Bea' nt, Texas.