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HomeMy WebLinkAboutORD 04-SV-7 99 AN ORDINANCE AUTHORIZING AND DIRECTING THE ISSUANCE OF A PORTION OF THE SERIAL BONDS OF THE CITY OF BEAUMONT, TEAS, AUTHORIZED AT AN ELECTION HEIR IN SAID CITY ON THE 21st DAY OF JUNE, 1947, THE PORTION THEREOF HEREBY AUTHORIZED AND DI- RECTED TO BE ISSUED TO BE AS FOLLOWS: STREET IMPROVEMENT BONDS, SERIES 1947, IN THE AMOUNT of $500,000, FOR THE PURPOSE OF IMPROVING,.EATENDING, AND RE- PAIRING THE STREETS AND HIGHWAYS OF THE CITY OF BEAUMONT; STORM SEWER IM- PROVEMENT BONDS, SERIES 1947, IN THE AMOUNT OF $100,000, FOR THE PURPOSE OF IMPROVING, EXTENDING, AND REPAIRING THE STORM SEWERS OF THE CITY OF BEAUMONT; SEWERAGE SYSTEM IMPROVEMENT BONDS, SERIES 19+7, IN THE AMOUNT OF $500,000, . FOR THE PURPOSE OF IMPROVING, EXTENDING, AND REPAIRING THE SEWERAGE SYSTEM OF THE CITY OF BEAUMONT; FIRE STATIONS IMPROVEMENT BONDS, SERIES 1947; IN THE AMOUNT OF $100,000, FOR THE PURPOSE OF BUILDING, IMPROVING, REPAIRING AND EQUIPPING FIRE STATIONS, AND THE PURCHASE OF NECESSARY APPURTENANCES AND AP- PLIANCES, AND ACQUIRING NECESSARY SITES THEREFOR; POLICE STATIONS IMPROVE- MENT BONDS, SERIES 1947, IN THE AMOUNT OF $50,000, FOR THE PURPOSE OF BUILD- ING, IMPROVING, REPAIRING, AND EQUIPPING POLICE STATIONS, AND THE PURCHASE OF NECESSARY APPURTENANCES AND APPLIANCES, AND ACQUIRING NECESSARY SITES THEREFOR; ALL OF SAID BONDS TO BE DATED SEPTEJBER 1, 19+7, TO MATURE SER- IALLY AS HEREIN SET FORTH, AND BEARING. INTEREST AT THE RATES HEREIN SET FORTH; PRESCRIBING THE FORM OF SUCH BONDS; PROVIDING FOR -THE LEVYING AND COLLECTING OF THE NECESSARY TAXES TO PAY THE INTEREST AND CREATE A SINKING FUND TO PAY THE PRINCIPAL OF SAID BONDS AS THEY MATURE; PROVIDING FOR' THE CUSTODY of SAID BONDS PENDING THEIR APPROVAL AND DELIVERY TO THE PURCHASER; AUTHORIZING AND DIRECTING THE MAYOR AND THE CITY CLERK TO EXECUTE SAID BONDS AND THE INTEREST COUPONS THERETO ATTACHED AND IMPRESS THE CORPORATE SEAL OF THE CITY OF BEAUMONT THEREON, AND TO DO ALL OTHER THINGS NECESSARY IN CON- NECTION'WITH THE SALE AND DELIVERY TO THE PURCHASER THEREOF; REPEALING ALSO ORDINANCES AND PARTS OF ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING THAT THIS ORDINANCE SHALL TAKE EFFECT ON THE DATE OF ITS PASSAGE AND. DECIA=G.'.AN%;EMERGENCYs - WHEREAS, on'the 3rd day of June, 1947, the City Ccumission of the City of Beaumont, Texas, passed an ordinance calling an election to be held in the City of Beaumont, Texas, on June 21, 1947, at which election there were submitted.to the qualified electors of said City, who own taxable property in said City and who have duly rendered the sane for taxation, among others, the following propositions: SHALL, the City Commission of the City of Beaumont, ,Texas, be authorized to issue serial bonds of said City, in the amount of $2,000,000, for the purpose of improving, ex tending, and repairing the streets and highways of the City of Beaumont, said bonds maturing serially in such install- ments as may be fixed by the City Commission, over a period of years, not to exceed thirty (30) years from their date, bearing interest at a rate not to exceed four per cent (4%) per annum, and shall there be annually levied, assessed, and collected, while said bonds or any of them are outstanding, an annual ad valorem tax on all taxable property in the City of Beaumont sufficient to pay the.interest on all of said bonds and create a sinking fund sufficient to retire the same at maturity. SHALL the City Commission of the City of.Beaumont, Texas, be authorized to issue serial bonds of said City, in the amount of $1,000,000, for the purpose. of improving, ex- tending, and repairing the storm sewers of the City of Beaumont. said bonds maturing serially in such installments as may be - fixed by the City Commission over a period of years, not to - 1 - aJ?��-1 1 exceed thirty (30) years from their date, bearing interest at a rate not to exceed four per cent (4%) per annum, and shall there be annually levied, assessed, and collected, while said bonds or any of them are outstanding, an annual ad valorem tax on all taxable property in the City of Beaumont sufficient to pay the interest on all of said bonds and create a sinking fund sufficient to retire the same at maturity. I SHALL the City Commission of the City of Beaumont, Texas, be authorized to'issue serial bonds of said City, in the amount of $500,000, for the purpose of improving, extend- ing, and repairing the sewerage system of the City of Beaumont, said bonds maturing serially in such installments as may be fixed by the City Commission, over a period of years, not to exceed thirty (30) years from their date, bearing interest at a rate not to exceed four per cent (4%) per annum, and shall there be annually levied, assessed, and collected, while said bonds or any of them are outstanding, an annual ad valorem tax on all taxable property in the City of Beaumont sufficient to pay the interest on all of said bonds and create a sinking fund sufficient to retire the same at maturity. SHALL the City Commission of the City of Beaumont, Texas, be authorized to issue serial bonds of said City, in the amount of $325,000, for the purpose of building, improving, repairing, and equipping fire stations, and the purchase of necessary ap- purtenances and appliances, and acquiring necessary sites there- for, said bonds maturing serially in such installments as may be fixed by the City Commission, over a period of years, not to exceed thirty (30) years from their date, bearing interest at a rate not to exceed four per cent (4%) per annum, and shall there be annually levied, assessed, and collected, while said bonds or any of them are outstanding, an annual ad valorem tax on all taxable property in the City of Beaumont sufficient to pay the interest on all of said bonds and create a sinking fund sufficient to retire the same at maturity. SHALL the City Commission of the City of Beaumont, Texas, be authorized to issue serial bonds of said City" in the amount of $275,000, for the purpose of.building, improving, repairing, and equipping police stations, and the purchase of necessary appurtenances and appliances, and acquiring necessary sites there- for, said bonds maturing serially, in such installments as may be fixed by the City Commission, over a period of years, not to exceed thirty (30) years from their date, bearing interest at a rate not to exceed four per cent (4%) per annum, and shall there be annually levied, assessed, and collected, while said bonds or any of them are outstanding, an annual ad valorem tax on all taxable property in the City of Beaumont sufficient to pay the interest on all of said bonds and create a sinking fund sufficient to retire the same at maturity. WHEMM.. at said election held in the City of Beaumont, Texas, on the 21st day of June, 1947, pursuant to said ordinance calling the same, and pur- suant to notice thereof duly given asiprovided by law, a majority of the qualified electors residing within the City of Beaumont, who own taxable property in said City and who have duly rendered the same for taxation, voting at said election voted in favor of the propositions, as above stated, to issue the bonds therein described, by the following vote: - 2 - FOR THE ISSUANCE OF THE SERIAL BONDS OF THE CITY OF BEAUMONT FOR THE PURPOSE OF -IMPROVING, EXTENDING, AND REPAIRING THE STREETS AND HIGHWAYS OF THE CITY OF BEAUMONT, AND THE LEVYING OF A TAX IN PAYMENT THEREOF - - - - 2315 votes AGAINST THE ISSUANCE OF THE SERIAL BONDS OF THE CITY OF BEAUMONT FOR THE PURPOSE OF IMPROVING, EXTENDING, AND REPAIRING THE STREETS AND HIGHWAYS OF THE CITY OF BEAUMONT, AND THE LEVYING OF A TAX IN PAYMENT THEREOF - - - - 337 votes MAJORITY FOR THE ISSUANCE OF SAID BONDS - - - - 1978 votes FOR THE ISSUANCE OF THE SERIAL BONDS OF THE CITY OF BEAUMONT FOR THE PURPOSE OF IMPROVING, EXTEND- ING AND REPAIRING THE STORM SEWERS OF THE CITY OF BEAUMONT, AND THE LEVYING OF A TAX IN PAYMENT THEREOF - - - - 2320 votes AGAINST THE ISSUANCE OF THE SERIAL BONDS OF THE CITY OF BEAUMONT FOR THE PURPOSE OF IMPROVING, EXTENDING AND REPAIRING THE STORM SEWERS OF THE CITY OF BEAUMONT, AND THE LEVYING OF A TAX IN PAYMENT THEREOF - - - - 333 votes MAJORITY FOR THE ISSUANCE OF SAID BONDS - - - - 1987 votes FOR THE ISSUANCE OF THE SERIAL BONDS OF THE CITY OF BEAUMONT FOR THE PURPOSE OF IMPROVING, EXTEND- ING AND REPAIRING TEE SEWERAGE SYSTEM OF THE CITY OF BEAUMONT, AND THE LEVYING OF A TAX IN PAYMENT THEREOF - - - - 2337 votes AGAINST THE ISSUANCE OF THE SERIAL BONDS OF THE CITY OF BEAUMONT FOR THE PURPOSE OF IMPROVING, EXTENDING AND REPAIRING THE SEWERAGE SYSTEM OF THE CITY OF BEAUMONT, AND THE LEVYING OF A TAX IN PAYMENT THEREOF - - - - 316 votes MAJORITY FOR THE ISSUANCE OF SAID BONDS - - - - 2021 votes FOR TEE ISSUANCE OF THE SERIAL BONDS OF THE CITY OF BEAUMONT FOR THE PURPOSE OF BUILDING, IMPROV- ING, REPAIRING AND EQUIPPING FIRE. STATIONS, AND THE PURCHASE OF NECESSARY APPURTENANCES AND AP- PLIANCES, AND ACQUIRING NECESSARY SITES AOR, AND THE LEVYING OF A TAX IN PAYMENT THEREOF - - - - 2350 votes AGAINST THE ISSUANCE OF THE SERIAL BONDS OF THE CITY OF BEAUMONT FOR THE PURPOSE OF BUILDING, IMPROVING, REPAIRING AND EQUIPPING FIRE STATIONS, AND THE PURCHASE OF NECESSARY APPURTENANCES AND APPLIANCES, AND ACQUIRING NECESSARY SITES THEREFOR, AND THE LEVYING OF A TAX IN PAYMENT THEREOF - - - - 307 votes MAJORITY FOR THE ISSUANCE OF SAID BONDS - - - - 2043 votes FOR THE ISSUANCE OF THE SERIAL BONDS OF THE CITY OF BEAUMONT FOR THE PURPOSE OF BUILDING, INPROV- ING, REPAIRING, AND EQUIPPING POLICE STATIONS, AND THE PURCHASE OF NECESSARY APPURTENANCES AND APPLI- ANCES, AND ACQUIRING NECESSARY SITES THEREFOR, AND THE LEVYING OF A TAX IN PAYMENT THEREOF - - - - 2265 votes - 3 - And, AGAINST THE ISSUANCE OF THE SERIAL BONDS OF THE CITY OF BEAUMONT FOR THE PURPOSE OF BUILDING, IMPROVING, REPAIRING, AND EQUIPPING POLICE STATIONS., AND THE PURCHASE OF NECESSARY APPURTENANCES AND APPLIANCES, AND ACQUIRING NECESSARY SITES THEREFOR, AND THE LEVYING OF A TAX IN PAYMENT THEREOF - - - - 390 votes MAJORITY FOR THE ISSUANCE OF SAID BONDS - - - - 1875 votes WHEREAS', the City of Beaumont is authorized generally to pass this ordinance authorizing the issuance of the bonds herein mentioned under the Constitution and statutes of the State of Texas pursuant to authority contained in Article 115, Section 5, of the Constitution of the State of Texas, and Artic]e 1175, et seq., Revised Civil Statutes of Texas, and all laws thereunto enabling; and, WHEREAS, the City Commission of the City of Beaumont now finds and de- termines that it is necessary and proper at this time to issue said municipal bonds; and, WHEREAS, the present streets of the City of Beaumont are in serious need of immediate repair; and the storm severs of the City of Beaumont are wholly inadequate, causing overflow and damage to the property of the people of Beaumont by reason of storm waters; and the present sewerage system of the City of Beaumont is now wholly inadequate for the demands placed upon it, causing con- gestion of sewerage mains and resulting stagnation which is injurious to the health and lives of the people of the City of Beaumont; and the fire stations and police stations are inadequate to serve the people of the City of Beaumont; all of which conditions create an imperative public necessity requiring this ordinance to take effect immediately as an emergency measure; now, therefore: BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF BEAUMONT, TEXAS: SECTION 1 That the City of Beaumont, Texas, shall issue bonds, as hereinafter pre- scribed, for and on behalf of and upon the credit of the City of Beaumont, Texas, as follows: $5002000 principal amount of STREET IMPROVDIOT BONDS, SERIES 1947, for the purpose of improving, extending, and repairing the streets and highways of the City of Beaumont, to be dated September 1, 1947, and to mature serially on i September 1, of each year, and in the amounts as follows: - 4 - Bond Dumber Maturity Date. Amount 1 to 14, inc. September 1, 1948 $ 14,000 15 to 28, inc. September 1, 1949 .14,000 29 to 43, inc. September 1, 1950 15,000 44 to 58, inc. September 1, 1951 15,000 59 to 75, inc. September 1, 1952 17,000 76 to 92, inc. September 1,-1953 17,000 93 to 1092 inc. September 1, 1954 17,000 110 to 127, inc. September 1, 1955 18,000 128 to 145, inc. September 1; 1956 18,000 146 to 163, inc. September 1, 1957 18,000 164 to 1821 inc. September 1, 1.958 19,000 -183 to 20119 inc. September 1, 1959 19,000 202 to 221, inc. September 1, 1960 20,000 222 to 241, inc. September 1, 1961 20,000 242 to 263, inc. September 1, 1962 22,000 264 to 2852 inc. September 1, 1963 22,000 286 to 307, inc. September 1, 1964 22,000 308 to 330, inc. September 11 1965 23,000 331 to 353, inc. September l; 1966 23,000 354 to 376, inc. September 12 1967 23,000 377 to 400, inc. September 12 1968 24,000 401 to 424, inc. September 1, 1969 24,000 425 to 449, inc. September 1, 1970 25,000 45o to 474, inc. September 11 1971 25,000 475 to 5001 inc. September 11 1972 26,000 The City of Beaumont expressly reserves the right to redeem any one or all of the bonds numbered 2 14 to 500, inclusive, prior to maturity, on September 1, 1917-", and on any interest payment date thereafter, provided notice of such redemption is published in a fihancial publication in the City of New York, New York, at least once not less than thirty (30) days before the time fixed for prior payment, and thirty (30) days" notice in writing is given to the place of payment before the time so fixed for prior redemption, and the money for their redemption or payment, including the interest then due, shall have been deposited with the paying agent within ten (10) days prior to or on the date.required for payment. If upon the happening of the above condition said bonds are not presented for payment they shall not thereafter bear interest. Unless on or prior to the redemption date the City shall pay or cause to be paid to the paying -agent the principal amount of the bonds to be redeemed, or make funds available to the paying agent therefor, together with interest thereon to date of redemption, such redemption shall fail and said bonds shall continue to be in full force and effect the same as if such redemption proceedings had never been started, ,and interest on said bonds shall continue to ran until maturity and payment or subsequent redemption, as provided herein. - 5 - *The City of Beaumont, Texas, hereby expressly reserves the.right to redeem this bond prior to maturity, on September 1, 19Z �, and on any inter- est payment date thereafter provided notice of such redemption is published in a financial publication in the City of New York, New York, at least once not less than thirty (30) days before the time fixed for prior payment and thirty (30) daysnotice in writing is given to the place of payment before the time so fixed for prior redemption, and the money for its redemption or payment, including interest then due, shall have been deposited with the paying agent within ten (10) days prior to or on the date required for payment. If upon the happening of the above condition said bond is not presented for payment it shall not thereafter bear interest. Unless on or prior to the redemption date the City shall pay or cause to be paid to the paying agent the principal amount of this bond, or make funds available to the paying agent therefor, together with interest thereon to date of redemption, such redemption shall fail and said bond shall continue to be in full force and effect the same as if such redemption proceedings were never started, and interest on said bond shall continue to run until maturity and payment or subsequent redemption® This bond is one of a series of 500 bonds, of the denomination of one thousand dollars ($1,000.00) each, numbered consecutively from 1 to 500, inc elusive, each of said bonds being of like tenor and effect, except as to number, rate of interest, and maturity, and option of redemption before maturity, is- sued by the City of Beaumont, Texas, for the purpose of improving, extending, and repairing the streets and highways of the City of Beaumont, issued under and by virtue of the Constitution and laws of the State of Texas and the Charter of the City of Beaumont, adopted December 30, 1919, and in strict conformity with Article 11, Section 5, of the Constitution of the State of Texas, and Articles 1175, et seq., and the amendments thereto, of the Revised Civil Statutes of Texas, and all laws thereunto enabling. It is hereby certified and recited that the issuance of this bond, and the series of which it is a part, is duly authorized by law and by a majority vote of the resident qualified electors of the City of Beaumont, Texas, who own taxable property in said City and who have duly rednered the same for taxation, voting at an election held 9 for the purposelwithin the City of Beaumont on the 21st day of June, 1947, pursuant to an ordinance duly passed,on the 3rd day of June, 1947, ordering said election. - 7 - eL6--1 1 V? It is hereby certified, recited, and declared that the issuance of this bond and'the series of which it is a part is duly authorized by law and that all acts, conditions,'and things required to be done precedent to and in the issuance of this bond and of the series of which it is a part have been pro- perly done, have happened and been performed in regular and due time, form, and manner, as required by law; that sufficient and proper provisions for the levy and collection of an ad valorem tax have been made, which when collected shall be appropriated exclusively to the payment of this bond and of the series of which it is a part, and to the payment of the interest coupons hereto annexed as the same shall become due and payable, and that the total indebtedness of the City of Beaumont, including the entire series of bonds of which this is one, does not exceed any constitutional or statutory limitation. 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 of this issue of bonds, together with the rate of tax existing at the \ time of the issuance of these bonds is within n the limitations of the Constitu- tion and laws of the State of Texas and the Charter of the City of Beaumont. The date of this bond, in conformity with the ordinance above mentioned, is September 1, 1947. In witness whereof, the City Commission of the City of Beaumont, Texas, has caused the corporate seal of the City of Beaumont to be affixed hereto and this bond to be signed by its Mayor and countersigned and attested by its City' Clerk, and the interest coupons hereto attached to be executed by the facsimile signatures of its Mayor and its City Clerk, as of the 1st day of September, 1947. Mayor of the City of Beaumont, Texas Attest: City Clerk of the City of Beaumont, Texas 2 *(This paragraph should be omitted from bonds numbered /- to F#O, inclusive). The form of interest coupons attached to said bonds shall be substantial- ly as follows: No. 1 On the lst day of March, 1948, the City of Beaumont, Texas, will pay to bearer at The First National Bank of Beaumont, Beaumont, Texas, or at 7 lYA7"/o.y A.� G i / y ,d �JAv/(' 0 47 ,y6 Wyo�C'/r. /V� W Y,9 /C'/r the sum of $ in lawful money of the United States of America, said sum being six months' interest due that day on its STREET IMPROVES BOND, SERIES 1947, bearing the number hereinafter specified, dated September 1, 1947. Bond No. Mayor of the City of Beaumont, Texas City Clerk of the City of Beaumont, Texas Coupons on said bonds numbered 2 � -Jt to 500, inclusive, shall include the following clause after the interest payment date: "unless the bond to which this coupon is attached has been called for prior redemption and payment made or provided for as therein recited." The form of the Comptroller's certificate which shall be printed on the back of each bond shall be substantially as follows: OITICE OF COMPTROLLER REGISTER NO. STATE OF TEXAS I hereby certify that there is on file and of record in my office a certificate of the Attorney General of the State of Texas to the effect that this bond has been examined by him, as required by law, and that he finds that it has been issued in conformity with the Constitution and laws of the State of Texas, and that it is a valid and binding obligation upon said City of Beaumont, Texas, and said bond has this day been registered by me. Witness my hand and seal of office at Austin, Texas, this, the day of , 1947. Comptroller of Public Accounts of the State of Texas It is further ordained that for the purpose of paying the interest on and to create a sinking fund to pay said STREET IMPROVEMENT BOIMS, SERIES 1947, the various install- ments of principal as the same shall respectively mature, a sufficient tax on each $100 valuation of all taxable property in the City of Beaumont, Texas, shall be annually levied on said property and annually assessed and collected, and a tax of $ .off on each $100 valuation of all taxable property within the City of Beaumont, Texas, is here and now levied for the year.1947, and said tax, or'so much thereof as shall be necessary or in addition thereto as may be required, is hereby levied for each succeeding year while said bonds or any of them are outstanding, and the same shall be annually assessed and collected and applied to the purpose named. SECTION 2 That the City of Beaumont, Texas, shall issue bonds, as hereinafter prescribed, for and on behalf of and upon the credit of the City of Beaumont,' Texas, as follows. $100,000 principal amount of STORM SEWER IMPROVEMENT BONDS, SERIES 1947, for the purpose of improving,.extending, and repairing the storm sewers of the City of Beaumont, to be dated September 1, 1947, and to mature serially on September 1, of each year, and in the amounts as follows-. Bond Number Maturity Date Amount 1 and 2 (30) September 1, 1948 $ 2,000 3 to 51 inc. September 11 1949 3,000 6 to 81 inc. September 1, 1950 3,000 9 to 112 inc. September 1, 1951 3,000 12 to 14, inc. September 1, 1952 3;000 15 to 17, inc. September 1, 1953 3,000 18 to 20, inc. September 11 1954 3,000 21 to 24, inc. September 1, 1955 4,000 25 to 282 inc. September 1, 1956 4,000 29 to 32, inc. September 1, 1957 41000 33 to 36, inc. September 1, 1958 4,000 37 to 40, inc. September 11V 1959 4,000 41 to 441 inc. September 11 1960 4,000 45 to 48, inc. September 1, 1961 4,000 49 to 521 inc. September 1, 1962 4,000 53 to 561 inc. September 11 1963 4,000 57 to 60, inc. September 1, 1964 41000 61 to 65, inc. September 1, 1965 5,000 66 to 7o, inc. September 1, 1966 5,000 71 to 75, inc. September 11 1967 5,000 76 to 80, inc. September 1, 1968 5,000 81 to 85, inc. September 1, 1969 5,000 86 to 90, inc. September 1, 1970 5,000 91 to 95, inc. September 1, 1971 5,000 96 to loo, inc. September 1, 1972 5,000 The City of Beaumont expressly reserves the right to redeem any one or all of the bonds numbered -5"3 to 100, inclusive., prior to maturity, on September 1, 19 6 V/ ,. and on any interest payment date thereafter, provided notice of such redemption is published in a financial publication in the City of New York, New York, at least once not less than. thirty (30) days before the time fixed for prior payment, and thirty (30) days' notice in writing is given to the place of payment before the time so fixed for prior redemption, and the money for their redemption or payment, including the interest then due, shall have been deposited with the paying agent within ten (10) days prior to or on the date required for payment. If upon the happening of the above condition said bonds are not presented for payment they shall not thereafter bear inter- est. Unless on or prior to the redemption date the City shall pay or cause - TT ,)/ ?/ ,/f /%'� 7,4/ )/ a' o/( /x1 -q/S/ --/® /1 f1 N -7//-4 Ta xo `sagas `guomnaag `quomnaag go 31uBg TSzoTgaN gexTs aqy ga a-Cgakad axe Vuoq eTgg go geaxaquT Pug TadTauTxd ggog •axngam ITT'exaaas Sagq sa euodnoa geaxaquT pagaume aqg go xapuaxxns We uoTgagussaxd uo `xaad -q ea go `T gaxaW Pure T xagmagdaS uo xagja -azaq!. 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If upon the happening of the above condition said bond is not presented for payment it shah not thereafter bear interest. Unless on or prior to the redemption date the City shall pay or cause to be paid to the paying agent the principal amount of this bond, or make funds available to the paying agent therefor, togehter with interest thereon to date of redemption, such redemption shall fail and said bocci shall continue to be in full force and effect the same as if such redemption proceedings were never started, and interest on said bond shall continue to run until maturity and payment or subsequent redemption. This bond is one of.a series of 100 bonds, of the denomination of one thousand dollars ($1,000.00) each, numbered consecutively from 1 to 100, in- clusive, each of said bonds being of like tenor and effect, except as to number, rate of interest; and maturity, and option of redemption before maturity, issued by the City of Beaumont, Texas, for the purpose of improving, extending, and re- pairing the storm sewers of the City of Beaumont, issued under and by virtue of the Constitution and laws of the State of Texas and the Charter of the City of Beaumont, adopted December 30, 1919, and in strict conformity with Article 11, Section 5, of the Constitution of the State of Texas, and Articles 11.75, et se% and the amendments thereto, of the Revised Civil Statutes of Texas, and all laws thereunto enabling. It is hereby certified and recited that the issuance of this bond and the series of which it is a part, is duly authorized by law and by a - 12 - majority vote of the resident qualified electors of the City of Beaumont, Texas, who own taxable property in said City and who,have duly rendered the same for taxation, voting at an election held for the purpose within the City of Beaumont on the 21st day of June, 1947, pursuant to an ordinance duly passed on the 3rd day of June, 1947, ordering said election. It is hereby certified, recite/rl"; and declared that the issuance of v this bond and the series of which it is a part is duly authorized by law and that all acts, conditions, and things required to be done precedent to and in the issuance of this bond and of the series of which it is a part have been pro- perly done, have happened and been performed in regular and due time, form, and manner, as required by law; that sufficient and proper provisions for the levy and collection of an ad valorem tax have been made, which when collected shall be appropriated exclusively to the payment of this bond and of the series of which it is a part, and to the payment of the interest coupons hereto annexed as the same shall become due and payable, and that the total indebtedness of the City of Beaumont., including the entire series of bonds of which this is one, does not exceed any constitutional or statutory limitation. 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 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 Consti- tution and laws of the State of Texas and the Charter of the City of Beaumont. The date of this bond, in conformity with the ordinance above mentioned, is September 1, 1947. In witness whereof, the City Commission of the City of Beaumont, Texas, has caused the corporate seal of the City of Beaumont to be affixed hereto and this bond to be signed by its Mayor and countersigned and attested by its City Clerk, and the interest coupons hereto attached to be executed by the fac- simile signatures of its Mayor and its City Clerk, as of the lst day of September, 1947, Mayor of the City of Beaumont, Texas Attest: City Clerk of the City of Beaumont, Texas s� *(This paragraph should be omitted from bonds numbered / to 119tF, inclusive). The form of interest coupons attached to said bonds shall be substantial- ly as follows: - 13 - �. L� .. .. � � 8'✓�_l'� -� 141-'7 No. 1 $ On the lst day of March, 1948, the City of Beaumont, Texas, will pay to bearer at The First National Bank of Beaumont, Beaumont., Texas., or at N,47'/®NJ# L a/%',r /.3 AM/( of NN E vU f�9/c,/(� ,6W //d, IF ) the sum of $ in lawful money of the United States of America, said sum being six months' interest due that day on its STORM SEWER IMPROVEMENT BOND, SERIES 1947, bearing the number hereinafter specified, dated September 1, 1947. Bond No. Mayor of the City of Beaumont, Texas City Clerk of the City of Beaumont, Texas Coupons on said bonds numbered N63 to 100, inclusive, shall include the following clause after the interest payment date: "unless the bond to which this coupon is attached has been called for prior redemption and payment made or provided for as therein recited." The form of the Comptroller's certificate which shall be printed on the back of each bond shall be substantially as follows: OFFICE OF COMPTROLIM REGISTER NO. STATE OF TEXAS I hereby certify that there is on file and of record in my office a certificate of the Attorney General of the State of Texas to the effect that this bond has been examined by him, as required by law, and that he finds that it has been issued in conformity with the Constitution and laws of the State of Texas, and that it is a valid and binding obligation upon said City of Beaumont, Texas, and said bond has this day been registered by me. Witness my hand and seal of office at Austin, Texas, this, the day of , 1947. Comptroller of Pub.Uc Accounts of the State of Texas It is further ordained that for the purpose of paying the interest on and to create a sinking fund to pay said STORM SEWER IMPROVEMENT BONDS, SAES 1947,E the various install- ments of principal as the same shall respectively mature, a sufficient tax on each $100 valuation of all taxable property in the City of Beaumont, Texas, shall be annually levied on said property and annually assessed and collected, and a tax of $ ,o/ on each $100 valuation of all taxable property within the City of Beaumont, Texas, is here and now levied for the year 1947, and said tag, or so much thereof as shall be necessary or in addition thereto as may be required, is hereby levied for each succeeding year while said bonds or any of them are outstanding, and the same shall be annually assessed and collected and applied to the purpose named.. SECTION 3 That the City of Beaumont. Texas, shall issue bonds, as hereinafter pre- scribed, for and on behalf of and upon the credit of the City of Beaumont, Texas, as follows: $500,000, principal amount of SEWERAGE SYSTEM IMPROVEMENT BONDS, SERIES 1947, for the purpose of improving, extending, and repairing the sewerage syssem of the City of Beaumont, to be dated September 1, 1947, and to mature serially on September 1, of each year, and in the amounts as follows: Bond Number Maturity Date Amount 1 to 14, inc. September 1, 1948 $ 14,000 15 to 281 inc o September 1, 1949 14,000 29 to 43, inc. September 1, 1950 15;000 44 to 58, inc. September 1, 1951 15,000 59 to 75, inc. September 1, 1952 17,000 76 to 92, inc. September 1, 1953 17,000 93 to 109, inc. September 1, 1954 17,000 110 to 127, inc. September 1, 1955 181*000 128 to 145, inc. September 1, 1956 181000 146 to 163, inc. September 1, 1957 18,000 164 to 1821 inc. _September 1, 1958 19,000 183 to 20131 inc. September 1, 1959 19,000 202 to 221, inc. September 1, 1960 20,000 222 to 241, inc. September 1, 1961 202000 242 to 263, inc. September 1."!.1.962 22, 000 264 to 285, inc. September 11 1963 227000 286 to 307, inc. September 1, 1964 22,000 308 to 3301 inc. September 1, 1965 23,000 331 to 353, inc. September 1, 1966 23,000 354 to 376, inc. September 1, 1967 23.,000 377 to 400, inc. September 1, 1968 24,000 401 to 424, inc. September 1, 1969 24,000 425 to 4492 inc. September 111 1970 25,000 450 to 474, inc. September 1; 1971 25,000 475 to 500, inc.. September 1, 1972 26,000 The City of Beaumont expressly reserves the right to redeem any one or all of the bonds -numbered -Z` to 500, inclusive, prior to maturity, on September 1, 1941,---, and on any interest payment date thereafter, provided notice of such redemption is published in a financial publication in the City of New York New York, at least once not less than thirty (30) days before the time fixed for prior payment, and thirty (30) days' notice in writing is given to the place of payment before the time so fixed for prior redemption, and the money for their redemption or payment, including ''_the interest then due, shall have been deposited with the paying agent within ten (10) days prior to or on the date required for payment. If upon the happening of the above condition 15 - - 9T - • eamgeta &TTVaGAGS Satgq se suodnoo gsaxaquT pagauae atgg ao aapuaxznS pue uoTgsquasaxd uo `aeaS tgoea ao `T tgoxeK pus T aegmagdaS uo xagJe -aaatgg -&TTentrcra-Tmae Pus `9+ 6T `T tgoxej++g aTge6ed gsaaaguT `umuue .zed � /"/ Z jo 949a atgg qe pTed TTqun aoeaatq agsp moan uoaaatgq gsaxaquT tggTA `8tg6T `aegmegdaS JO d-eP 1sT atgq uo `12oTa2my ao sagegS P94TUn 0114. Jo -9auom TnJAuT UT (00.000`T$) 9 a v I'I O O G K v S Il O R y a x 0 `aaasaq o4 Sied og sesTmoxd .&gaxatg Pus 04. PaggaPuT aTasgT eaBpaTAomcoe `peATeoea anTea xoj `ss$ay `.Squnoo uosxaaj:ar ,To `quomneag ao dgTO atta. gBgqy :SMSm asM ag M `I'IV MOXX L16T Sams aNO9 IMMDOUaWl MISIS HOV'IS moNma ao xLio ROSHUM do Imoo svmi ao alivys VDI do mvmS MUM00,000,11* n T *OK :pepTaoad uTeae-q we `asWetggo ao paq! pT=Gci `suoTgeTaee PUS `SuoTgaasuT `suoTSSTMo aadoad tigTft `AIGAT-gaadsaa `Surto,- BUTKOTToa atgg UT- aq T aq o4. exs `uoaaegq. pasaopua aq o4. uoTgsagST2ea Jo OTGOWTgxeo S,aaTToxgdmoO agegS atgq pue `ogazatgq patgosggs eq oZ suodnoo pus epuoq PTee ! 'MU '/ Y0,( M 7 A r>l y6' vy -' .6'N01.4t'N � f11 4.e ao `segay `quoumeag `quoumeag zo *mE T,euoTgex gsau eta 4.e Suodnoo aadoad ao spuoq atgq jo xapuaaans pus uoTgeguasaad uodn aTgsked aq TTetgs spuoq jo SaTaas ppRe uo 4seaaquT pus TedTouTa:d eggy -asap tgoea ao `T tgoxeK Pua T aagmagdaS uo .&TTenuue-Turas x9gas9xag4 pug `gti6T `T tgaaeK uo aTgsked aq TTstgs gsaaaguT t;oTgA mnmm aed p js/ 4.s `adTsnTouT t{goq ` om yN ®q- paaaqumu spuog mnuue aacl % Al -0 qe 19ATsnTouT tggoq ` / o4. T Paxaqumu spuog :BAOTTOJ es sagsa atgq 4e geaaaquT aeaq TTvgg spuoq PTeS •uTaxatq paPTeoxd SS `uoTgdmapaa quanbasque ao quauuf-ed ptm &I.Tem4um TTqun una o4. enuTquoo TTslga spuoq ppae uo gseaaquT. pue `pagaegS aeaq xaaau pe'q eSUTpaaooad uopgdmapea tgonS JT Se amss atgq g09,10:0 Pum aoaoJ TTn,T uT eq o% enuTquoo TTiMe spuoq pTes pus TTea TT'eLts uoTgdmapax tgons `uoT%dmapea ao agsp og uoeaegq. gsaxaquT -q%TA aatgg02oq `xoj:aaatgq queov ftTked etgq o% aTgeTTsos aptznj a3gva ao `pameapea aq o4. spuoq atgq jo gun0um TBdTouTad atgq WOOS OuTSBd aqq. o4. PTsd aq o4. aeneo ao Xed TTsgs ATO atgg e4VP uoTgdmapaa atgg 04 aoTad ao uo SeaTuR °geaxaquT aeaq aagaeaaatgg qou TTvils gatgq queua68d xoj paguesaxd qou gas spuoq pies Both principal and interest of this bond are payable at The First rational Bank of Beaumont, Beaumont, Texas, or at Th` 6 NAT/o^I�* /" 0- /Ty 10 /9 N o F /V P PV ?OR Kj N4 k/ y/,, R /� at the option of the holder; and the City of Beaumont, Texas, is hereby held and firmly bound, and its full faith and credit and all taxable real and per- sonal property therein are hereby pledged for the prompt payment of the prin- cipal of this bond and the interest thereon as it matures. *The City of Beaumont, Texas, hereby expressly reserves the right to redeem this bond prior to maturity, on September 1, 19 L and on any inter- est payment date thereafter provided notice of such redemption is published in a financial publication in the City of New York, New York, at least once not less than thirty (30) days before the time fixed for prior payment and thirty (30) days' notice in writing is given to the place of payment before the time so fixed for prior redemption, and the money for its redemption or payment, including in- terest then due, shall have been deposited with the paying agent within ten (10) days prior to or on the date required for payment. If upon the happening of the above condition said bond is not presented for payment it shall not hereafter bear interest. Unless on or prior to the redemption date the City shall pay or cause to be paid to the paying agent the principal amount of this bond, or make funds available to the paying agent therefor, together with interest thereon to date of redemption, such redemption shall fail and said bond shall continue to be in full force and effect the same as if such redemption proceedings were never started, and interest on said bond shall continue to run until maturity and pay- ment or subsequent redemption. This bond is one of a series of 500 bonds, of the denomination of one thousand dollars ($1,000.00) each, numbered consecutively from 1 to 500, in- clusive, each of said bonds being of like tenor and effect, except as to number, rate of interest, and maturity, and option of redemption before maturity, is- sued by the City of Beaumont, Texas, for the purpose of improving, extending, and repairing the sewerage system of the City of Beaumont, issued under and by virtue of the Constitution and laws of the State of Texas and the Charter of the City of Beaumont, adopted December 30, 1919, and in strict conformity with Article 11, Section 5, of the Constitution of the State of Texas, and Articles 1175, et seq., and the amendments thereto, of the Revised Civil Statutes of Texas, and all laws thereunto enabling. It is hereby certified and recited that the issuance of this bond, and the series of which it is a part, is duly authorized by law and by a - 17 - majority vote of the resident qualified electors of the City of Beaumont, Texas, who own tax able property in said City and who have duly rendered the same for taxation, voting at an election held for the purpose within the City of Beaumont on the 21st day of June, 1947, pursuant to an ordinance duly passed on the 3rd day of June, 1947, ordering said election. It is hereby certified, recited, and declared that the issuance of this bond and the series of which it is a part is duly authorized by law and that all acts, conditions, and things required to be done precedent to and in the is- suance'/f this bond and of the series of which it is a part have been properly done, have happened and been performed in regular and due time, form, and manner, as required by law; that sufficient and proper provisions for the levy and col- lection of an ad -.valorem tax have been made, which when collected shall be appro- priated exclusively to the payment of this bond and of the series of which it is a part, and to the payment of the interest coupons hereto annexed as the same shall become due and payable, and that the total indebtedness of the City of Beaumont, including the entire series of bonds of which this is one, does not exceed any constitutional or statutory limitation. 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 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 Constitu- tion and laws of the State of Texas and the Charter of the City of Beaumont. The date of this bond, in conformity with the ordinance above mentioned, is September 1, 1947. In witness whereof, the City Commission of the City of Beaumont, Texas, has caused the corporate seal of the City of Beaumont to.be affixed hereto and this bond to be signed by its Mayor and countersigned and attested by its City Clerk, and the interest coupons hereto attached to be executed by the facsimile signatures of its Mayor and its City Clerk, as of the lot day of September, 1947. Mayor of the City of Beaumont, Texas Attests City Clerk of the City of Beaumont, Texas *(This paragraph should be omitted from bonds numbered / to -5$, inclusive). The form of interest coupons attached to said bonds shall be substantially as follows: No. 1 $ On ihe 1st day of March, 1948, the City of Beaumont, Texas, will pay to bearer at The First National Bank of Beaumont, Beaumont, Texas, or at ?h`E 62 /Ty, 4141VI� ®F /vim Polo%'e AVE w ro.+?K the sum of $ in lawful money'of the United States of America, said svm being six months' interest due that day on its SEWERAGE SYSTEM IMPROVEMENT BOND, SERIES 1947, bearing the number hereinafter specified, dated September 1, 1947. Bond No. Mayor of the City of Beaumont, Texas City Clerk of the City of Beaumont, Texas Coupons on said bonds numbered a Z *' to 500, inclusive, shall include the following clause after the interest payment date: "unless the bond to which this coupon is attached has been called for prior redemption and payment made or provided for as therein recited." The form of the Comptroller's certificate which shall be printed on the back of each bond shall be substantially as follows: OFFICE OF COMPTROLLER REGISTER NO. STATE OF TEXAS I hereby certify that there is on file and of record in my office a certificate of the Attorney General of the State of Texas to the effect that this bond has been examined by him, as required by law, and that.he finds that it has been issued in conformity with the Constitution and laws of the State of Texas, and that it is a valid and binding obligation upon said City of Beaumont, Texas, and said bond has this day been registered by me. Witness my hand and seal of office at Austin, 9bxas, this, the day of 1947. Comptroller of Public Accounts of the State of Texas It is further ordained that for the purpose of paying the interest on and to create a sinking fund to pay said SEWERAGE SYSTEM IMPROVEMENT BONDS, SERIES 1947d2ruffifflom the various in- stallments of principal as the as shall respectively mature, a sufficient tax on each $100 valuation of all taxable property in the City of Beaumont'. Texas, shall, be annually levied on said property and annually assessed and collected, - 19 - and a tax of $ •O �4� on each $100 valuation of all taxable property within the City of Beaumont, Texas, is here and now levied for the year 1947, and said tax, or so much thereof as shall be necessary or in addition thereto as may be required, is hereby levied for a^.ch succeeding year while said bonds or any of them are outstanding, and the same.shall be annually assessed and collected and applied to the purpose named. SECTION 4 That the City of Beaumont, Texas, shall issue bonds, as hereinafter prescribed, for and on behalf of and upon the credit of the City of Beaumont, Texas, as follows $100,000, principal amount of FIRE STATIONS IMPROVEMENT BONDS, SERIES 1947, for the purpoBe of building, improving, repairing and equipping fire stations, and the purchase of necessary appurtenances and appliances, and ac- quiring necessary sites therefor, to be dated September 1, 1947, and to mature serially on September 1, of each year, and in the amounts as follows. Bond Number Matuirty Date Amount 1 and 2 September 1, 1948 $ 21000 3 to 5, inc. September 1, 1949 3,000 6 to 8, inc. September 1, 1950 3,000 9 to 11., inc. September 1, 1951 3,000 12 to 14, inc. September 11, 1952 3,000 15 to 17, inc. September 1, 1953 3,000 18 to 20, inc. September 1, 1954 3,000 21 to 24, inc. September 1, 1955 4,000 25 to 281 inc. September 11 1956 4,000 29 to 32, inc. September 12 1957 4,000 33 to 361 inc. September 1, 1958 4,000 37 to 40' inc. September 1, 1959 4,000 41 to 44, inc. September 1, 1960 411000 45 to 48, inc. September 1, 1961 4,000 49 to 521 inc. September 1, 1962 4,000 53 to 56, inc. September 1, 1963 41000 57 to 60, inc. September 1, 1964 4,000 61 to 65, inc. September 1, 1965 5,000 66 to 70, inc. September 1, 1966 5,000 71 to 75, inc. September 1, 1967 5,000 76 to 80, inc. September 1, 1968 5,000 81 to 85, inc. September 1, 1969 5,000 86 to 90, inc. September 1, 1970 5,000 91 to 952 inc. September 1, 1971 5,000 96 to 100, inc. September 1, 1972 5,000 The City of Beaumont expressly reserves the right to redeem any one or all of the bonds numbered N:55 to 100, inclusive, prior to maturity, on September 1, 1941e", and on any interest payment date thereafter,.provided notice of/such redemption is published in a.financial publication in the City of New York, New York, at least once not less than thirty (30) days before the time fixed for prior payment, and :thirty (30) days' notice in writing is given - 20 - to the place of payment before the time so fixed for prior redemption, and the money for their redemption or payment, including the interest then due, shall have been deposited with the paying agent within ten (10) days prior to or on the date required for payment. If upon the happening of the above condition said bonds are not presented for payment they shall not thereafter bear interest. Unless on or prior to the redemption date the City shall pay or caused to be paid to the paying agent the principal amount of the bonds to be redeemed, or make funds available to the paying agent therefor, together with interest thereon to date of redemption, such redemption shall fail and said bonds shall continue to be in full force and effect the same as If such redemption proceedings had never been started, and interest on said bonds shall continue to run until maturity and payment or subsequent redemption, as provided herein. Said bonds shall bear interest at the rates as follows: Bonds numbered 1 to 3 ` , both inclusive, at ��->/ % per annum Bonds numbered 3 % to /d0 G , both inclusive, at ��� % per annum which'interest'shall be payable on March 1, 1948, and thereafter semi-annually on September 1 and March 1, of each year. The principal and interest on said series of bonds shall be payable upon presentation and surrender of the bonds or proper coupons at The First National Bank of Beaumont, Beaumont, Texas, or at T/f � /Y A7-10 W '*/— 's /T/ Bl "Vl< o � 1VFW/ r®�,� 1V6W`-y'3' That said bonds and coupons to be attached thereto, and the State Comptroller's certificate of registration to be endorsed thereon, are to be in the following forms, respectively, with proper omissions, insertions, and variations, permitted or otherwise, as herein provided: NO. 1 UNITED STATES OF AMERICA . STATE OF TEXAS COUNTY OF JEFFERSON CITY OF BEAUMONT FIRE STATIONS IMPROVEMENT BOND SERIES 1947 $1,000.00 KNOW ALL MEN BY THESE PRESENTS: That the City of Beaumont, of Jefferson County, Texas, for value received, acknowledges itself indebted to and hereby promises to pay to bearer, ONE T H OUSA ND D 0 L LAR S ($1,000.00) in lawful money of the United States of America, on the lst day of September, 19487 with interest thereon from date hereof until paid at the - 21 - rate of 2 XV p per annum., interest payable March 1, 1948, and semi-annually thereafter on September 1 and March 1., of each year, on presentation and sur- render of the annexed interest coupons as they severally mature. Bond principal and interest of this bond are payable at The First National Bank of Beaumont Beaumont, Texas, or at TWE N197/ 0IV-& �' /53 Wg -Al J� o c- NE vt/ fVo R /C) Nes X1 yo /? /,� at the option of the holder; and the City of Beaumont, Texas, is hereby held and firmly bound, and its full faith and credit and all taxable real and person- al property therein are hereby pledged for the prompt payment of the principal of this bond and the interest thereon as it matures. *The City of Beaumont, Texas, hereby expressly reserves the right to redeem this bond prior to maturity, on September 1, 19 /.-v, and on any interest payment date thereafter provided notice of such redemption is published in a financial publication in the City of New York, New York, at least once not less than thirty (30) days before the time fixed for prior payment and thirty (30) days' notice in 'writing is given to the place of payment before the time so fixed for prior redemption, and the money for its redemption or payment, including interest then due, shall have been deposited with the payment agent within ten (10) days prior to or on the date required for payment. If upon the happening of the above condition said bond.is not presented for payment it shall Vot there- after bear interest. Unless on or prior to the redemption date the City shall pay or cause to be paid to the paying agent the principal amount of this bond, or make funds available to the paying argent therefor, together with interest thereon to date of redemption, such redemption shall fail and said bond shall continue to be in full force and effect the same as if such redemption proceed- ings were never started, and interest on said bond shall continue to run until maturity and payment or subsequent redemption. This bond is one of a series of 100 bonds, of the denomination of one thousand dollars ($1,000.00) each, numbered consecutively from 1 to 100, in - elusive, each of said bonds being of like tenor and effect, except as to number, rate of interest, and maturity, and option of redemption before maturity, issued by the City of Beaumont, Texas, for the purpose of building, improving, repair- ing and equipping fire stations, and the pubehase of necessary appurtenances add appliances, and acquiring necessary sites therefor, issued under and by virtue of the Constitution and laws of the State of Texas and the Charter of the City of Beaumont, adopted December 30, 1919, and in strict conformity with Article 11., Section 5, of the Constitution of the State of Texas, and Articles 1175, et seq., - 22 - and the amendments thereto, of the Revised Civil Statutes of Texas, and all laws thereunto enabling. It is hereby certified and recited that the issuance of this bond, and the series. of which it is a part, is duly authorized by law and by a majority vote of :'the resident qualified electors of the City of Beaumont, Texas, who own taxable property in said City and who have duly rendered the same for tax- ation, voting at an election held for the purpose within the City of Beaumont on the 21st day of June, 1947, pursuant to an ordinance duly passed on the 3rd day of June, 1947, ordering said election. It is hereby certified, recited, and declared that the issuance of this bond and the series of which it is a part is duly authorized by law and that all acts, conditions, and things required to be done precedent to and in the issuance of this bond and of the series of which it is a part have been properly done, have happened and been performed in regular and due time, fora, and manner, as required by law; that sufficient and proper provisions for the levy and -collection of an ad valorem tax have been made, which when collected shall be appropriated exclusively to the payment of this bond and of the series of which it is a part, and to the payment of the interest coupons hereto annexed,as the same shall be- come due and payable, and that the total indebtedness of the City of Beaumont, including the entire series of bonds of which this is one, does not exceed any constitutional or statutory limitation. 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 of this issue of bonds, together with the rate of tag 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 the Charter of the City of Beaumont. The date of:tthis bond, in conformity with the ordinance above mentioned, is September 1, 1947. In witness whereof, the City Commission.of the City of Beaumont., Texas, has caused the corporate seal of the City of Beaumont to be -affixed hereto and this bond to be signed by its Mayor and countersigned and attested by its City Clerk, and the interest coupons hereto attached to be executed by the facsimile signatures of its Mayor and its City Clerk, as of the 1st day of September, 1947. Attest; City Clerk of the City of Beaumont, Texas Mayor of the City of Beaumont, Texas - 23 - *(This paragraph should be omitted from bonds numbered / to moi, inclusive). The form of interest coupons attached to said bonds shall be substantially as follows: No. 1 $ On the lst day of March, 1948, the City of Beaumont, Texas, will pay to bearer at The First National Bank Qf Beaumont, Beaumont, Texas, or at N14-r1oNl}L c iTy ,bAlt/K ®f%YS m1 j/o/z/C, /YEW/61 K the sum of $ in lawful money of the United States of America, said sum being six months' interest due that day on its FIRE STATIONS IMPROVEMENT BOND, SERIES 1947, bearing the number hereinafter specified, dated September 1, 1947. Bond No. Mayor of the City of Beaumont, Texas City Clerk of the City of Beaumont, Texas Coupons on said bonds numbered '1-6�3 to 100, inclusive, shall include the following clause after the interest payment date: "unless the bond to which this coupon is attached has been called for prior redemption and payment made or provided for as therein recited." The form of the Comptroller's certificate which shall be printed on the back of each bond shall be substantially as follows: OFFICE OF COMPTROLLER REGISTER NO. STATE OF TEXAS I hereby certify that there is on file and of record in my office a certificate of the Attorney General of the State of Texas to the effect that this bond has been examined by him, as required by law, and that he finds that it has been issued in conformity with the Constitution and laws of the State of Texas, and that it is a valid and binding.obligation upon said City of Beaumont, Texas, and said bond has this day been registered by me. day of Witness my hand and seal of office at Austin, Texas, this, the 1947. Comptroller of _Public Accounts of the State of Texas It is further ordained that for the purpose of paying the interest on and to create a sinking fund to pay said FIRE STATIONS IMPROVEMM BONDS, SERIES 1947the various in- stallments of principal as the same shall respectively mature, a sufficient tax on each $100 valuation of all taxable property in the City of Beaumont, Texas, shall be annually levied on said property and annually assessed and col- -24- lected, and a tax of $ .O / on each $100 valuation of all taxable property within the City of Beaumont, Texas, is here and now levied for the year 1947, and said tax, or so much thereof as shall be necessary or in addition thereto as may be required, is hereby levied for each succeeding. -year while said bonds or any of them are outstanding, and the same shall be annually assessed and col- lected and applied to the purpose named. -/ SECTION 5 l` That the City of Beaumont, Texas, shall issue bonds, as hereinafter prescribed, for and on behalf of and upon the credit of the City of Beaumont, Texas, as follows: $50,000, principal amount of POLICE STATIONS IMOVEMT BONDS, SERIES 1947, for the purpose of building, improving, repairing, and equipping police stations, and the purchase of necessary appurtenances and appliances, and ac- quiring necessary sites therefor, to be dated September 1, 1947, and to mature serially on September 1, of each year, and in the amounts as follows: Bond Number Maturity Date Amount 1 September 11 1948 $ 1,000 2 -., September 1, 1949 1,000 3 September 12 1950 11000 4 September 11V 1951 1,000 5 and 6 September 1, 1952 2,000 7 and 8 September 1, 1953 21000 9 and 10 September 1, 1954 2,000 11 and 12 September 1, 1955 29000 13 and 14 September 1, 1956 2,000 15 and 16 September 1, 1957 21000 17 and 18 September 1, 1958 2,000 19 and 20 September 1, 1959 2,000 21 and 22 September 1, 1960 2,000 23 and 24 September 11 1961 2,000 25 and 26 September 12 1062 21000 27 and 28 September 1, 1063 2,000 29 and 30 September 11 1964 2,000 31 and'32 September 1, 1965 2,000 33 and 34 September 1, 1966 2,000 35 and 36 September 1, 1967 . 2,000 37 and 38 September 1, 1968 2,000 39 to 41, inc. September 11 1969 3,000 42 to 44, inc. September 1, 19,7,0 3,000 45 to 47, inc. September 1, 1971 3,000 48 to 501 inc. September 1, 1972 3,000 The City of Beaumont expressly reserves the right to redeem any one or all of the bonds numbered 2 'j to 50, inclusive, prior to maturity, on September 1, 19 , and on any interest payment date thereafter, provided notice of such redemption is published in a financial publication in the City of New York, New York, at least once not less than thirty (30) days before the time fixed for prior payment, and thirty (30) days' notice in writing is given to the place of payment before the time so fixed for prior redemption, and the money for their - 25 - -93- aepueaxns pus uop squasaad uo' `asaS gosa jo `T goasW pus T aagmaq.daS uo aegjs -axaq!� STTsnuus-iazas pus `9tr6T�/`T goasys aTgsSsd gsaxaquT `urnuus aad of, /A/� ao aqua aqq. qs pTsd TTqun aoexaq agsp moa,T uo2aagq. gpeaaquT gq.TA `9t6 -t laagma%daS ,To Ssp wr aqq. uo `soTaauv ao sagsf�S paq.Tua aqq. -10 Sauom TniAvT UT (00'000`2$) S11v I'IOQ (1Kv8II0H11 a x 0 `aeasaq of Ssd of eaeTmoad Sgaaeq pus oq pvggapuT jjee!�T s9Sp9TAou3[os p9ATaoaa anTsA .zoa `ssxay `SqunoO uosaaajef ao `quuomnsag ao S4TO agq. gsgs :Smmd a= xg NSI TIK Kota LT6T SaMs allog smmoacTKz SuozsVIS Homod MOMME do aszo KOSBH= do BOO ams ao MVIO e0imm ao MUM amum 00.000 `T* T *OR :papTeoad uTaxaq ss `asTAaaggo ao paq.q.Tmaad `suoTq_STasa PUP `suopgaasuT `suoTesTmo aadoad gq.TA `STaaTq.oadsaa `sumo,: SuTMoTToa aqq. 'CET eq o4 *as `uo9aag4 pasaopue eq o� uop4va4sT29a jo s,aaTToagduroO egsq.s auk Pus `oq.eaag,4 pagosq.gs eq oq. suodnoo -puB spuoq pT,es pqj d' 4i( /k 3 Al ), �/ o/ /r 9 Al a/ 0 7 d1 n/ 0/1 i/AI 9' �L pao `ssxas `quoumsag `quouns2g jo 3[ueg TsuoT4vX 49aTa ata 4s suodnoo aadoad ao spuoq aqq. ao aapueaans pus UOVP uasaad uodn aTgsSsd eq TTsgs spuoq ao saTaas piss uo 49eaaquT- pue TscITouTad agy °asas gosa ,To `T goxaN pus T aagmagdag uo STTsnuuu=Twae aaivaaara pus `9162 `T go-aW uo aTgsSsd eq TTsgs ZeaaaquT goTgx umuus aad ��� qs `a&TsnTouT ggoq ` Of o!. 6/ paaagmnu spuog mnuus aad ��� qs `aATsnTouT qqoq _` 8/ oq. T peaagmnu spuog :sAoTToj ss saq.ea aqq. qv 4eea9quT asaq TTsgs spuoq pTsS •uTeaaq papTaoad ss `uoTq -d;apaa quanbasque ao q-UGM sd pus Sq.TxnTem TTqun una oq. anuTquoo TTsgs spuoq pTse m gsaaaquT -pue `pagxsp uaaq aaaeu psq sSuT-paaooad uoTpdutapea gone ,TT es aurae aq,4 goaJaa pus aoao,T TTna UT eq oq. anuTq-uoo TTsgs spuoq PTse pus TT190: TTsgs uoTq.dmapaa Bons `uoTgd epaa jo agsp oq. uoaaagq. q.sea*, uT gq_us aagq_aSoq `xoaaxag�,quaSu SuT -Sed aqq. oq. aTgsTTsas spuna agvm ao `pamaepaa eq oq. epuoq aqq. jo qunoms T H;dTouTad aqq. quaSs SuTSud agq. oq, pTsd eq oq. asnso ao dad TTsgs Sq.TO aqq aqup uoTq.dutapaa aq4 oq. aoTxd ao uo ssaTuIl ^q.saaaquT asaq aegjveaagq. qou TTsge Saqq. quaurbed aoj pajuasaad cpu *.is spuoq pias uoT!.TPuoo aaogs aqq, ao BuTuadcIsq agq.l uodn JI-.�ueudvd i xoj paarnbea aq.sp aqj uo ao oq aoTad eSsp (OT) uaq. uTgc�Tta quaSs SuTSsd aqq. ggTr1 paq.Tsodap uaaq aAsq TTsgs `anp uagq. paaaquT aqq. SuTPnTouT `quaurSsd ao uoTgdmapea of the annexed interest coupons as they severally mature. Both principal and interest of,this bond are payable at The First National Bank of Beaumont, Beaumont, Texas, or at 7-1V e /✓R T/o v A 13 AAl/� at the option of the holder. and the City of Beaumont, Texas, is hereby held and firmly bound, and its full faith and credit and all taxable real and personal property therein are hereby pledged for the prompt payment of the principal of this bond and the interest thereon as it matures. *The City of Beaumont, Texas, hereby expressly reserves the right to redeem this bond prior to maturity, on September 1, 1941A,"', and on any interest payment date thereafter provided notice of such redemption is published in a financial publication in the City of New York, New York, at least once not less than thirty (30) days before the time fixed for prior payment and _..thirty (30) days' notice in writing is given to the place of payment'before the time so fixed for prior redemption, and the money for its redemption or payment, in- eluding interest .then due, shall have been deposited with the paying agent within ten (10) days prior to or on the date required for payment. If upon the happen- ing of the above condition said bond is not presented for payment it shall not thereafter bear interest. Unless on or prior to the redemption date the City shall pay or cause to be paid to the paying agent the principal amount of this bond, or make funds available to the paying agent therefor, together with inter- est thereon to date of redemption, such redemption shall fail and said bond shall continue to be in full force and effect the same as if'�such'redemption proceed- ings were never started, and interest on said bond shall continue to run until maturity and payment or subsequent redemption. This bond is one of a series of .50 bonds of the denomination of one thousand dollars ($1,000.00) each, numbered consecutively from 1 to 50, inclusive, each of said bonds being of like tenor and effect, except as to number, rate of interest, and maturity, and option of redemption before maturity, issued by the City of,Beaumont, Texas, for the purpose of building, improving, repairing, and equipping police stations, and the purchase of necessary appurtenances and ap- pliances, and acquiring necessary sites therefor, issued under and by virtue of the Constitution and laws of the State of Texas and the Charter of the City of Beaumont, adopted December 30, 1919, and in strict conformity with Article 11, Section 5, of the Constitution of the State of Texas, and Articles 1175, et seq., and the amendments thereto, of the Revised Civil Statutes of Texas, and all laws thereunto enabling. It is hereby certified and recited that the issuance of this - 27 - bond, and the series of which it is a part, is duly authorized by law and by a majority vote of the resident qualified electors of the City of Beaumont, Texas, who own taxable property in said City and who have duly rendered the same for taxation, voting at an election held for the purpose within the City of Beaumont on the 21st day of June, 1947, pursuant to an ordinance duly passed on the 3rd day of June, 1947, ordering said election. It is hereby certified, recited, and declared that the issuance of this bond and the series of which it is a part is duly authorized by law and that all acts, conditions, and things required to be done precedent to and in the issuance of this bond and of the series of which it is a part have been properly done have happened and been performed in regular and due time, form, and manner, as required by law; that sufficient and proper provisions for the levy and col- lection of an ad valorem tax have been made, which when collected shall be ap- propriated exclusively to the payment of this bond and of the series of which it is a part, and to the payment of the interest coupons hereto annexed as the same shall become due and payable, and that the total indebtedness of the City of Beaumont, including the entire series of bonds of which this is one, does not exceed any constitutional or statutory limitation. 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 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 the Charter of the City of Beaumont. 1 The date of this bond, in conformity with the ordinance above mentioned, is September 1, 1947. In witness whereof, the City Commission of the City of Beaumont, Texas, has caused the corporate seal of the City of Beaumont to be affixed hereto and this bond to be signed by its Mayor and countersigned and attested by its City Clerk, and the interest coupons hereto attached to be executed by the facsimile signatures of its Mayor and its City Clerk, as of the let day of September, 1947. Attest: City Clerk of the City of Beaumont, Texas Mayor of the City of Beaumont, Texas - 28 - `(This paragraph should be omitted from bonds numbered / 'to -59, in- clusive)e The form of interest coupons attached to said bonds shall be substantially as follows: No. 1 On the 1st clay of March, 1948, the City of Beaumont, Texas, will pay to bearer at The First National Bank of Beaumont, Beaumont, Texas, or at 7 -/VE NA L a /T A) 1Y le ®F 1Y GW y/aR �� NEW K9R the sum of $ . in lawful money of the United States of America, said sum being -six months' interest due that day on its POLICE STATIONS IMPROVE1§M BOND, SERIES 1947,:bearing the number hereinafter specified, dated September 1, 1947. Bond No. Mayor of the City of Beaumont, Texas City Clerk of the City of Beaumont, Texas Coupons on said bonds numbered .2 7 to 50, inclusive, shall include the following clause after the interest payment date. "unless the bond to which this coupon is attached has been called for prior redemption and payment made or provided for as therein recited." The form of the Comptroller's certificate which shall be printed on the back of each bond shall be substantially as follows: OFFICE OF COiPTROLLER REGISTER NO. STATE OF TEM I hereby certify that there is on file and of record.in my office a certificate of the Attorney General of the State of Texas to the effect that this bond has been examined by him, as required by law, and that he finds that it has been issued in conformity with the Constitution and laws of the State of. Texas, and that it is a valid and binding obligation upon said City of Beaumont, Texas, and said bond has this day been registered by me. day of Witness my hand and seal of office at Austin, Texas, this, the 1947. Comptroller of Public Accounts of the State of Texas It is further ordained that for the purpose of paying the interest on and to create a sinking fund to pay said POLICE STATIONS IMPROVEMENT BONDS, SERIES l947,/a=zffla&= the various in- stallments of principal as the same shall respectively mature, a sufficient tax on each $100 valuation of all taxable property in the City of Beaumont, Texas, -29- shall be annually levied on said property and annually assessed and collected, and a tax of $ •o n-6 on each $100 valuation of all taxable property within the City of Beaumont, Texas, is here and now levied for the year 1947, and said tax, or so much thereof as shall be necessary or in addition thereto as may be required, is hereby levied for each succeeding year while said bonds or any of them are outstanding, and the same shall be annually assessed and collected and applied to the purpose named. SECTION 6 That each of said bonds shall be signed by the Mayor and countersigned by the City Clerk of the City of Beaumont, and the corporate seal of the City of Beaumont, Texas, shall be impressed upon each of them. The facsimile sig- natures of the Mayor and City Clerk maybe printed or lithographed on said bonds, and said facsimile signatures shall have the same effect as if they had been executed manually by said officials. SECTION 7 The Mayor of the City of Beaumont is hereby directed to submit the record of said bonds and the bonds themselves to the Attorney General of the State of Texas for approval, and thereafter to have them registered by the Comptroller of the State of Texas and said bonds, when properly executed by the City officials, shall be held by the Mayor of the City of Beaumont to be delivered by the Mayor to the purchaser or purchasers thereof. The Mayor and City Clerk are authorized and directed to do any and all things necessary and convenient to effect delivery thereof to the purchaser. SECTION 8 All ordinances and parts of ordinances and all resolutions and parts of resolutions inconsistent with the provisions of this ordinance are hereby res- cinded and repealed in so far as same may conflict herewith, and it is further provided that if any portion of this ordinance shall be declared invalid, such invalidity shall in no way affect the remaining valid portions thereof. SECTION 9 The fact that the present streets of the City of Beaumont are in serious need of immediate repair; and the storm sewers of the City of Beaumont are wholly inadequate, causing overflow and damage to the property of the people of Beaumont by reason of storm waters; and the present sewerage system of the City of Beaumont is now wholly inadequate for the demands placed upon it, causing congesting of sewerage mains and resulting stagnation which is injurious to the - 30 - health and lives of the people of the City of Beaumont; and the fire stations and police stations are inadequate to serve the people of the City of Beaumont; each and all of-7which conditions create an imperative public emergency necessitat- ing the suspension of the rule requiring.ordinances to be read on three separate days before their passage, and said rule is hereby suspended and this ordinance shall take effect from and after the date of its passage. PASSED this, the 2G '`'—` day of R u s us 7, /9 7 by the affirmative vote of all members of the City Commission of the City of Beaumont, Texas. Mayor of the City of Beaumont, Texas - 31 - PUBLISHER'S AFFIDAVIT THE STATE OF TEXAS COUNTY OF JEFFERSON Before me, the undersigned authority, personally appeared R. A, Pean who, being by me duly sworn, says that the f o r e g o i n g .and attached L e 3a l Notice was published on the following dates: Sept. 6 A. D., 19 4.7 in the BEAUMONT Journal , a daily newspaper printed and published at Beaumont, Jefferson County, Texas. SUBSCRIBED and sworn to before me this the Elday = NOTARY in and for Jefferson County Te3M$ Z2 9 ` Paste Clipping Here - NOTICE � ,.This is to certify that -the -City Com-' 'mission of the City. of Beaumont stl a regular meeting held on the 26th i 'clay of August, 1947, passed the follow - lug Ordinance: ORDINANCE AUTHORIZING AND DIRECTING,STATI THE ISSUANCE OF A PORTION OF.NECE: ,THE SERIAL BONDS OF THE CITY APpLL iOF.. - BEAUMONT, TEXAS, AUTHOR SARY IZED AT AN .ELECTION HELD IN BOND! (SAID CITY ON. THE 21st DAY OF 1947,1 JUNE, 1947; THE PORTION THEREOF IN SE7 HEREBY AUTHORIZED AND DIRECT- EST SRTi OBETO IMPROVEMENT SU WS: STREETCH BONDS, SERIES 1947, IN THE AMOUNT LEVYI OF $500.000, FOR THE PURPOSE OF NECE: iIMPROVIN.G, EXTENDING, AND RE- TNEi PAIRING THE STREETS AND HIGH- FUND (WAYS OF THE CITY OF BEAUMONT; SAID: .STORM SEWER IMPROVEMENT VIDIN BONDS, SERIES 1947, IN THE AMOUNT BOND OF $100,000, FOR THE PURPOSE OF AL AB 'IMPROVING. EXTENDING,' AND RE- ER; I PAIRING THE STORM SEWERS OF, THE THE CITY OF BEAUMONT; SEWER- IO E: E: IAGE SYSTEM IMPROVEMENT BONDS, TACH EI SERIES 1947, IN THE AMOUNT OF PARA $500,000, FOR THE PURPOSE OF IM- BEAU PROVING, EXTENDING, AND RE- BEAU PAIRING THE SEWERAGE ,SYSTEM OF THE CITY OF BEAUMONT: FIRE ALL CONN STATIONS IMPROVEMENT BONDS, DELI' SERIES 1947. IN THE AMOUNT OF THEE $100.000, FOR THE PURPOSE OF NANC BUILT)ING. IMPROVING, REPAIRINGC HAS SSS AA IN C( AND EQUIPPING FIRE STATIONS. AND IN C1 PURTENANCESE OAND ECA PPL ANCES, SHAL AND ACQUIRING NECESSARY SITES OF I` THEREFOR: POLICE STATIONS L�2- AN E PR,OVEMENT BONDS. SERIES 1947, IN Signe THE AMOUNT OF $50,000, FOR THE PURPOSE OF BUILDING, IMPROVING,