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HomeMy WebLinkAboutORD 4-UWIN 91 C10 A) 0 �. Vol: ............:.ori Pa$e AUTHORIZING AND DIRECTING THE ISSUANCE OF A PORTION OF THE SERIAL BONDS OF THE. CITY OF BEAUMONT., TEXAS, AUTHORIZED AT AN EIMTION HELD IN SAID CITY ON THE 21st DAY . Orr. JUNE, 1947, THE PORTION THEREOF HEREBY AURBOR- IZED AND DIRECTED TO BE ISSUED TO BE AS FOLLOWS:. -STREET IMPROVEMENT BONDS, SERIES 1949, IN THE AMOUNT OF.$1,000,000, FOR THE PURPOSE -OF IMPROVING, EgT EDING, AND REPAIRING THE STREETS AND HIGHWAYS OF THE CITY OF BEAUMONT; STORM SEWER IMPROVIIMENT BONDS, SERIES 1949, IN THE .AMOUNT OF $2502000, FOR THE PURPOSE OF IMPROVING, EXTENDING, AND REPAIRING THE STORM SEWERS OF THE CITY OF BEAUMONT; FIRE STATIONS IMPROVEMENT BONDS, SERIES 1949, IN THE AMOUNT OF $125,000 FOR THE PURPOSE OF BUILDING, IMPROVING, REPAIRING AND rUIPPING FIRE STATIONS, AND THE PURCHASE OF NECESSARY APICES AND APPLIANCES, AND ACQUIRING NECESSARY SITES THEREFOR; POLICE STATIONS IM- PROVEMENT BONDS, SERIES 1949, IN"THE AMOUNT OF $252000, FOR THE PURPOSE OF BUILDING, 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 FEBRUARY 1, 1949, TO MATURE SERIALLY AS HEREIN SET FORTIH. - 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 PURCHASE{; AUTHORIZING AND DIRECTING THE MAYOR AND THE CITY CIS TO EXECUTE SAID BONDS AND THE INTEREST COUPONS THRRETO ATTACHED AND IMPRESS, THE CORPORATE SEAL OF THE CITY OF BEAUMONT THEREON, AND TO DO ALL OTHER.THINGS NECESSARY IN CONNECTION WITH THE SALE AND DELIVERY TO THE PURCHASER THEREOF; REPEALING ALL ORDINANCES AND PARTS OF ORDINANCES IN. CONFLICT HEREWITH- AND PROVIDING THAT THIS ORDINANCE SHALL TAKE EFFECT ON THE DATE OF ITS PASSAGE. WHEREPiS, on the 3rd -day of June, 1947, the City Commission 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-vhich election there were submitted to the qualified electors of said city who otos taxable pro- perty in said city and who have duly rendered the same for taxations, among others, the following propositions: SEMI 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, extending, and repairing the streets and highways 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 in- terest onall. of said bonds and create a sinking fund suf- ficient 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, extend- ing, 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 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 tag on all taxable property in the City of Beaumont sufficient -to pay the interest on all of said bonds and to 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 appurtenances and appliances, and acquiring necessary sites therefor, 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 in- terest 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 IQ 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 therefor, 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 () 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 tax- able 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. And. SAS, 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 Pursuant to notice thereof duly given as provided by law, a majority of the qualified electors residing within the City of Beaumont who own taxable pro- perty 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: FOR THE ISSUANCE OF THE SERIAL BONDS OF THE CITY OF BEAUMONG FOR THE PURPOSE OF IMPROVING, MENDING, AND REPAIRING THE STREETS AND HIGHWAYS.OF THE.CITY OF BEAUMONT., AND TEE DING OF A TAX IN PANT THEREOF m o - 2315 votes AGAINST THE ISSUANCE OF THE URIAL BONDS OF TEIE- CITY OF BEAUMONT FOR THE PURPOSE OF g • r ., , a1' it Ji ` !I AND REPAIRING THE STREETS AND HIGHWAYS OF THE CITY OF BEAUMONT, AND THE LEVYING OF A. TAX IN PAM4WT THEREOF 337 votes SS- P -M - - - 1978 votes FOR HISSUANCE OF THE SERIAL BONDS f OF THE CITY OF BEAUMONT FOR THE PURPOSE,OF IMPROVINGY EXTEND- ING AND REPAIRING THE STORM SEWERS OF. THE CITY OF AGAINST THE ISSUANCE Or, THE SERIAL BONDS OF THE CITY OF BEAUMONT FOR THE. PURPOSE OF- DWRMNG.9 - EXTENDING AND REPAIRING THE STORM SEWERS OF THE CITY OF BEAUMONT,, AND THE. IZV7ING OF A TAX IN MAJORITY FOR THE ISSUANCE OF SAID BONDS - - - 1987 vote" FOR Mi. ISSIft-ICE (!)-f THE SERIAL BONDS OF THE CITY OF BEAUMONT FOR THE PURPOSE. • 1I'IMPROV__ ING., REPAIRING AND EQUIPPING FIRE.STATIONS, y AND THE PURCHASE OF NECESSARY -APPURTENANCES AND AP- ` ' 1 AND ACQUIRING N SITES TUMOR, TRE , • i E AND LI � ! �w :181' ,! ' t votes AGAINST THE ISSUANCE OF THE SERIAL BONDS OF THE CITY OF BEAM10TIT FOR THE PURPOSE OF BUIIDINGJO IMPROVING., REPAIRING AND EQUIPPING FIRE STATIONS, AND TIM PURCUSE OF 14ECESSARY APPURTERANCES, AND APPLIANCES, PIM ACQUIRING NECESSARY. SITES TUMOR$ MAJORITY FOR M ISSUANCE OF SAID BONDS - - - - 2043 votes FOR THE ISSUANCE OF THE SERIAL BOVDS OF THE CITT OF BEAUMONT FOR THE PURPOSE -OF BUILDING, IKFR(AT- ING, PY3PAIRING., AND EQUIPPING POLICE, STATIONS., AND THE PURCI]ASE OF NECESSARY APPURMANOES AND APPIZ- ANCESY AND ACQUIRING NECESSARY SITES THEREFOR., AND THE OF x. TAX IN PA7KRrT TU1E a votes --, AGAINST THE ISSUANCE OF THE SERIAL BMS ' r 1 OF THE CITY OF BEAUMONT FOR TEE PURPOSE OF BUILDING.. IMPROVING, REPAIRING,, AIM EQUIPPING POUCE STATIONS, PfflD TU PURCHASE OF NECESSARY APPURTERAITCES, AND APPLIANCES., AND ACQUMNG it 1'.l 'i' F AND :,1 IEMNG OF A TAX IN W THMOF MAJORITY FOR THE ISSUANCE CF SAID B _ - -187 gates And, WHEREAS.9 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 con- tained -ta,ined in Article ll, Sectio. 5, of the Constitution of the State of Texas, and Article 1175, et seq,., Revised Civil Statutes df Texas, and all laws thereunto enabling; and, WREREA.S, the city council of the City of Beaum:vnt nov finds and deterdineG that it was the intention of the governing body of the City of Bea t 'to issue said bonds in installments as the money* from same could be used to advantage in vier of the scarcity of materials and labor, and a - 3 - portion of said bonds was issued by ordinance dated August 26, 1947, and a portion of said bonds wa.s issued by ordinance dated June 29, 1948, and only a portion of the public improvements authorized by said election has been done, and it is necessary and proper at this time to issue the remainder of said bonds; navT,, therefore: BE I1 ORDAINED BY THE CITY OF BEAUMONT, TEAS: Section 1 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: $1,000,000 principal amount of STREET IMPROV BONDS, SERIES 1949, for the purpose of improving, extending, and repairing the streets and high- ways igh ways of the City of Beaumont, to be dated February 1, 1949, and to mature serially on February 1, of each year, and in the amounts as follows: Bond Plumber Maturity Date Amount 1 to 28, inc. February 1, 1950 $ 28,000 29 to 569 inc. February 1, 1951 28,000 57 to 86, inc. February 1, 1952 30,000 87 to 1161V inc. February 1, 1953 30,000 117 to 150, inc. February 1, 1954 34,000 151 to 184, inc. February 1, 1955 341000 185 to 218, inc. February 1, 1956 341000 219 to 254, inc. February 1, 1957 36,000 255 to 290, inc. February 1, 1958 36,000 291 to 326, inc. February 1, 1959 36,000 327 to 364, inc. February 1, 1960 38,000 365 to 4029 inc. February 1, 1961 38,000 403 to 4423 inc. February 1,,1962 40,000 443 to 482, inc. February 1, 1963 40,000 483 to 5261 inc. February 1, 1964 44,000 527 to 570, inc. February 1, 1965 44,000 571 to 614, inc. February 1, 1966 44,000 615 to 660, ince February 1, 1967 46,000 661 to 706, inc. February 1, 1968 46,000 707 to 7521 inc. February 1, 1969 46,000 753 to 8002 inc© February 1, 1970 481000 801 to 848, inc. February 1, 1971 48,000 849 to 898, ince February 1, 1972 50,000 899 to 948, inc. February 1, 1973 50,E 949 to 1000, inc. February 1, 1974 52,000 The City of Beaumont expressly reserves the right to redeem any one or all of the bonds numbered 527 to 1000, inclusive, prior to maturity, on February 1, 1964, and on any interest payment date thereafter, provided notice of such redemption is published in a financial publication in the City of Nev 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 ®4® 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 run until maturity and payment or subsequent redemption, as pro- vided herein. Said bonds shall bear interest at the rates as follows: Bonds numbered 1 to 86, inclusive, at 4% per annum. Bonds numbered 87 to 1000, inclusive, at 22p per annum, which interest shall be payable on February 1, 1950, and thereafter semi-annually on August 1 and February 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 the American National Bank and Trust Company of Chicago, Chicago, Illinois. That said bonds and coupons to be attached thereto, and the State Comptrollerts 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 $1,000.00 UNITED STATES OF AMMICA . STATE OF TMUS COUNTY. OF ,7.,SON CITY OF BEAUMM STRUT ET. IMPRQMENT BOND SERIES 1949 KNOW ALL Mr's BY THESE PRESENTS: That the City of Beaumont, of Jefferson County, Texas, for value received, acknowledges itself indebted _50 /9 1 to and hereby promises to pay to bearer, ONE THOUSAND DOLLARS ($1,000.00) in lawful money.of the United States of America, on the lst day of February, 1950, with interest thereon from date hereof until paid at the rate of four per cent (4%) per annum, interest payable February 1, 1950, and semi-annually thereafter on August 1 and February 1, of each year, on presen- tation and surrender 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 the American National Bank and Trust Company of Chicago, Chicago, Illinois, 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 February 1, 1964, 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 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, to- gether 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 1000 bonds, of the denomination of one thousand dollars ($1,000.00) each, numbered consecutively from 1 to 1000, inclusive, each of said bonds being of like tenor and effect, except as to number, rate of interest, and maturity, and optica of redemption before maturity, issued by the City of Beaumont,, Texas, for the purp9se of improving, extend- ing., 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 Testas, and the charter of the City of Beaumont, and in strict conformity with Article 1.1, Section 5, of the Constitution of the State of Testas, and Articles 13.75, 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 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. ✓Idut 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 collection of an ad valorem tag 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 limita- tion, It is hereby recited, certified, and declared that the additional tact levied and made necessary to be levied in order to provide for the in- terest 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. The date of this bond, in conformity with the ordinance above mentioned, is February 1, 1949. ®7_ In witness whereof, the City Council 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 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 February, 1949. Mayor of the City of Beaumont, Texas Attest: City Clerk of the City of Beaumont, Texas *(This paragraph should be omitted from bonds numbered 1 to 526, inclusive). The form of interest coupons attached to said bonds shall be sub- stantially as follows: On the lst day of February, 1950, the City of Beaumont, Texas, will pay to bearer at The First rational Bank of Beaumont, Beaumont, Texas,'or at the American National Bank and Trust Company of Chicago, Chicago, Illinois, the sum of $ in lawful money of the United States of America, said sum being six months' interest due that day on its STREET IM ROVZ1v= BOND, SERIES 19+9, bearing the number hereinafter specified, dated February 1, 19+91, Bond No. Mayor of the City of Beaumont, Texas City Clerk of the City of Beaumont, Texas Coupons`on said bonds numbered 527 to 1000, inclusive, shall include the following clause after the interest payment date: "Unless the bond to which this coupons 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: I- .OFFICE OF COMPTROIr M 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. au; E �-Z4 t Witness my hard and seal of office at Austin, Texas, this, the day of 1949. Comptroller of Public Accounts of the State of Texan It is further ordained that for the purpose of paying the interest on said STREET IMOVE)4ENT BONDS, SES 1949, and to create a sinking fund to pay the various installments 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 $ .09 on each $100 valuation of all taxable property within the City of Beaumont, Texas, is here and now levied for the year 1949 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 thew 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: $250,000 principal amount of STORM SEWER DIPROVEMENT BONDS, SERIES 1949, for the purpose of improving, extending, and repairing the storm severe os the City of Beaumont, to be dated February 1, 1949, and to mature serially on February 1, of each year, and in the amounts as follows-, Bond Number Maturity Date Amount 1 to 5, inc. February 1, 1950 $ 5,000 6 to 12, inc. February 1, 1951 7,000 13 to 19, inc. February 1, 1952 7,000 20 to 26, inc. February 1, 1953 7,000 27 to 341 inc. February 1, 1954 8,000 35 to 421T inc. February 1, 1955 8,000 43 to 50, inn. February 1, 1956 817000 51 to 60, inc. February 11 1957 10,000 61 to 702 inc. February 1, 1958 10,000 71 to 802 inc. February 1, 1959 10,000 81 to 90, inc. February 1, 1960 100000 91 to 1002 inc. February 1, 1961 10,000 101 to 1103 inc. February 1, 1962 10,000 111 to 120, inc. February 1, 1963 102000 121 to 130, inc. February 1, 1964 10,000 131 to 140, inc. February 1, 1965 1.0,000 141 to 1.50, inc. February 1, 1966 10,000 151 to 162, inc. February 1, 1967 12,000 163 to 174, inc. February 1, 1968 12,000 175 to 186, inc. February 1, 1969 121000 187 to 3.981 inc. February 1, 1970 123-000 199 to 211, inc. February 1, 1971 132000 212 to 224, inc. February 1, 1972 13,000 225 to 237, inc. February 1, 1973 13,000 238 to 250, inc. February 1, 1974 13,000 6 The City of Beaumont expressly reserves the right to redeem any one or all of the bonds numbered 131. to 250, inclusive, prior to maturity:, on February 1, 1964, 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 interest. Unless on or prior to the redemp- tion 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 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 19, both inclusive, at 4% per annum; bonds numbered 20 to 250, both inclusive, at 2� per annum, which interest shall be payable on February 1, 1950, and thereafter semi-annually on August 1 and February 1, of each year. The principal and interest on said series of bonds shall be pay- able upon presentation and surrender of the bonds or proper coupons at The First National Bank of Beaumont, Beaumont, Texas, or at the American National Bank and Trust Company of Chicago, Chicago, Illinois. 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: - 10 - SAYS q-14 a2,'?qq i NO. 1 $1,000.00 UNITED STATES OF AMERICA STATE OF TEXAS COUNTY OF JEFFERSON CITY OF BEAUMONT STORM SEWER IMPROVEMENT BOND SERIES 1949 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 THOUSAND DOLLARS ($15000.00) in lawful money of the United States of America, on the lst day of February, 1950, with interest thereon from date hereof until paid at the rate of four per cent (4%) per annum, interest payable February 1, 1950, and semi-annually thereafter on August 1 and February 1, of each year, on pre- sentation and surrender 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 the American National Bank and Trust Company of Chicago, Chicago, Illinois, 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 hereon as it matures. *The City of Beaumont, Texas, hereby expressly reserves the right to redeem this bond prior to maturity, on February 1, 1964, and on any in- terest payment date thereafter, provided notice of such redemption is pub- lished 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 de- posited 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 250 bonds, of the denomination of one thousand dollars ($1,000.00) each, numbered consecutively from 1 to 2501 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 improving, extending, and repairing 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, 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 rendered the same for taxation, voting at an election held for the purpose within the City of Beaumont on the 21st day of dune, 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 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. - 12 - �4- Z - Itis hereby recited, certified, and declared that the addition- al.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 lags 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 February 11, 1949. In witness whereof, the City Council 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 February, 1949. Mayor of the City of Beaumont, Texas Attest: City Clerk of the City of Beaumont, Texas (This paragraph should be omitted from bonds numbered 1 to 1301 inclusive). The form of interest coupons attached to said bonds shall be substantially as follows: No. 1 On the let day of February, 1950, the City of Beaumont, Texas, will pay to bearer at The First National Bank of Beaumont, Beaumont, Texas, or at the American rational Bank and Trust Company of Chicago, Chicago, Illinois, 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 19+9, bearing the number hereinafter specified, dated February 1, 1949. Bond No. Mayor of the City of Beaumont, Texas City Clerk of the City of Beaumont, Texas Coupons on said bonds numbered 131 to 250, 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." 13 The form of the Comptroller°s certificate which shall be printed on the back of each bond shall be substantially as follows: OFFICE OF COMOLLER 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 rye. Witness map hand and seal of office at Austin, Texas, this, the day of 1949. Comptroller of Public Accounts of the State of Texas It is further ordained that for the purpose of paying the interest on said STORM SEWER IMPROM4ENT BONDS' SERIES 1949, and to create a sinking fund to pay the various installments of principal as the same shall respective- ly 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 $ .025 on each $100 valuation of all taxable property within the City of Beaumont, Texas, is here and now levied for the year 1949, and said tax, or so much thereof as shall be neves- ,nary or in addition thereto as may be required, is hereby levied for each succeeding year while said bonds or any of thea 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 prescribed, .for and on behalf of and upon the credit of the City of Beaumont, Texas, as follows: $125,000 principal amount of FIRE STATIONS IMPROVEMENT BONDS, SMES 1949, for the purpose of building, improving, repairing and equipping fire stations, and the purchase of necessary appurtenances and appliances, and acquiring necessary sites therefor, to be dated February 1, 1949, and to mature serially on February 1, of each year, and in the amounts as follows: _14- Bond Number Maturity Date Amount 1 to February 1, 1950 $3,000 to 7, Inc. February 1, 1951 .4,00O 8 -to 113 Inc. February 1, 1952 4,000 12 to 15, Inc. February 1, 1953 4,000 16 to 19, Inc. February 1, 1954 4,000 20 to 23, Inc. February 1, 1955 4,000 24 to 27, Inc. February 1, 1956 4,000 28. to 321 Inc. February 1, 1957 51000 33 to 37, Inc. February 1, 1958 5,000 38 to 42, inc. February 1., 1959 5,000 43 to 47, Inc. February 1, 1960 5,000 48 to 52, Inc. February 1, 1961 5,000 53 to 57, Inc. February 1, 1962 5,000 58 to 62, Inc. February 1, 1963 5,000 63 to 67, Inc. February 1, 1964 5,000 68 to 720 Inc. February 1., 1965 51000 73 to 77, Inc. February 1, 1956 5,000 78 to 83, Inc. February 1,1967 6,000 84 to 89, Inc. February 1, 1968 6,000 90 to 95, Inc. February 1, 1969 62000 96 to 101, Inc. February 1, 1970 6,000 102 to 107, Inc. February 11, 1971 6,000 108 to 113, Inc. February 1, 1972 6,000 114 to 119, Inc. February 1, 1973 61V000 120 to 1252 Inc. February 1, 1974 6,000 The City of Beaumcat expressly reserves the right to redeem any one or all of the bonds numbered 68 to 125, inclusive, prior to maturity, on February 1, 1964) 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 interest. Unless on or prior to the redemp- tion date the city shall pay or cause to be paid to the paging 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 redemp- tion, 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: - 15 Bonds numbered 1 to 11, both inclusive, at 4% per annum; bonds numbered 12 to 125, both inclusive, at 2-21% per annum, which interest shall be payable on February 1, 1950, and thereafter semi-annually on August 1 and February 1, ofeach year. The principal and interest on said series of bonds shall be pay- able upon presentation and surrender of the bonds or proper coupons at The First National Bank of Beaumont, Beaumont, Texas, or at the American National Bank and Trust Company of Chicago, Chicago, Illinois. That said bonds and coupons to be attached thereto, and the State Comptrollerts 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 $1,000.00 UNITED STATES OF AMERICA STATE OF TEXAS COUNTY OF JEFFERSON' CITY OF BEAUMONT FIRE STATIONS IMPROVEMENT.' BOND SERIES 1949 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 THOUSAND DOLLARS ($11,000.00).in lawful money of the United States of America, on the 1st day of February, 1950, with interest thereon from date hereof until paid at the rate of four per cent (4,) per annum, interest payable February 1, 1950, and semi-annually thereafter on August 1 and February 1, of each year, on pre- sentation and surrender 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 the American National Bank and Trust Company of Chicago, Chicago, Illinois, 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 February 1, 1964, and on any interest payment date thereafter, provided notice of such redemption is - 16 - 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 de- posited 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 df 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 125 bonds, of the denomination of one thousand dollars ($1,000.00) each, numbered consecutively from 1 to 125, inclusive, each of said bonds being of like tenor and effect, except as to number, rate of interest, and maturity, and option of redemption be- fore maturity, issued by the City of Beaumont, Texas, for the purpose of building, improving, repairing and equipping fire stations, and the purchase of necessary appurtenances and appliances, and acquiring necessary sites therefor, issued under and by virtue of the Constitution and lags of the State of Texas and the charter of the City of Beaumont, and in strict con- formity 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 rendered the same for taxation, voting at an election held for the purpose within the City of Beaumont on the 21st day of .Tune, 1947, pursuant to an ordinance duly passed on the 3rd day of June, 1947, ordering said election. ®17- 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 collection of an ad valorem tax have been made which whon..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 limi- tations of the Constitution 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 February 1, 19+90 In witness whereof, the City Council 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 or its mayor said its city clerk, as of the lst day. of February, 19+9 Mayor of the City of Beaumont, Texas Attest: City Clerk of the City of Beaumont, Texas *(This paragraph should be omitted from bonds numbered 1 to 67, inclusive). The form of interest coupons attached to said bonds shall be sub- stantially as follows: - 18 - No. 1 On the lst day of February, 1950, the City of Beaumont, Texas, will pay to -bearer at The First National Bank of Beaumont, Beaumont, Texas, or at the American National Bank and Trust Company of Chicago, Chicago, Illinois, 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 19+9, bearing the number hereinafter specified, dated February 1, 1949. Bond No. Mayor of the City of Beaumont, Texas City Clerk of the City of Beaumont, Texas Coupons,on said bonds numbered 68 to 125, 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 pay - meat made or provided for an therein recited." The form of the Comptroller's certificate which shall be printed on the back of each bond shall be substantially as follows: STATE OF TEXAS REGISTER NO. 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 ha -s 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 band has this day been registered by me. Witness my hand and seal of office at Austin, Texas, this, the day of 1949. Comptroller of Public Accounts of - the State of Texas It is further ordained that for the purpose of paying the interest on said FIRE STATIONS IMPROVEMENT BONDS, SERIES 1949, and to create a sinking fund to pay the various installments of principal as the same shall respective- ly 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 tag of $ .0125 on each $100 valuation of all taxable property within the City of Beaumont, Texas, is here and now 19 - levied for the year 1949, 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 Vaile said bonds or any of them are outstanding, and the same shall be annually assessed and collected and applied to the purpose named. SECTFON 4 That the City of Beaumont, Texas, shall issue bonds, as herein- after prescribed, for and on behalf of and upon the credit os the City of Beaumont, Texas, as follows: $25,000 peincipal amount of POLICE STATIONS IMPROVMMT BONDS., SERIES 1949, for the,purpose of building, improving, repairing, and equipping police stations, and the purchase of necessary appurtenances and appliances, and acquiring necessary sites therefor, to be dated February 1, 19+9, and to mature serially on February 1, of each year, and in the amounts as follows: Bond Number Maturity Date Amount 1 February 1, 1950 $ 11t000 2 February 1, 1951 1,000 3 February 1, 1952 1,000 4 February 1, 1953 1,000 5 February* 1, 195+ 1, 000 6 February 1, 1955 1,000 7 February 111 1956 1,000 8 February 1, 1957 1,000 9 February 1, 1958 12000 10 February 1, 1959 1,000 11 February 1, 1960 1,000 12 February 1, 1961 111000 13 February 1,-1962 1,000 14 February 1, 1963 1,000 15 February 1, 1964 1"000 16 February 1, 1965 1,000 17 February 1, 1966 1,000 18 February 1, 1967 1,000 19 February 1, 1968 1,000 20 February 1, 1969 1,000 21 February 1, 1970 1,000 22 February 1, 1971 1,000 23 February 1, 1972 11Y000 24 February 11 1973 1,000 25 February 1, 197+ 11000 The City of Beaumont expressly reserves the right to redeem any one or all of the bonds numbered 16 to 25, inclusive, prior to maturity, on February 1, 1964, 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 - 20 - 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 re- demption 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, inclusive, at 4% per annum; bonds numbered 4 to 25, inclusive, at 2-21� per annum, which interest shall be payable on February 1, 1950, and thereafter semi-annually on August 1 and February 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 the American National Bank and Trust Company of Chicago, Chicago, Illinois. 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 $1,000.00 UNITED STATES OF AMERICA STATE OF TEXAS COUNTY OF JEFFERSON CITY OF BEAUMONT POLICE STATIONS IMPROVEMENT BOND SERIES 19+9 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 THOUSAND DOLLARS ($11000.00) in lawful money of the United States of America, on the 1st day of February, 1950, with interest thereon from date hereof until paid at the rate of four per cent (4%) per annum, interest payable February 1, 1950, and - 21 - semi-annually thereafter on August 1 and February 1, of each year, on presentation and surrender 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 the American National Bank and Trust Company of Chicago, Chicago, Illinois, 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 February 1, 1964, and on any interest payment date thereafter provided notice of such redemption is pub- lished in a financial publication in the City of New 7or4, 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 redemp- tion 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 redemptica, 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. U his bond is one of a series of 25 bonds of the denomination of one thousand dollars (1,000.00) each, numbered consecutively from 1 to 25, 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, is- sued by the City of Beaumont, Texas, for the purpose of building, improving, repairing, and equipping police stations, and the purchase of necessary ap- purtenances and appliances, and acquiring necessary sites therefor, issued under and by virtue of the Constitution and laws of the State of Texas, and - 22 - 6 ea , �L- 0 the charter of the City of Beaumont, 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 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, pur- suant 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 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 limi- tation. 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. The date of this bond, in conformity with the ordinance above mentioned, is February 1, 1949. In witness whereof, the City Council of the City of Beaumont, Texas, has caused the corporate seal of the City of Beaumont to be affixed hereto ®23- 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 lst day of February, 1949. Mayor of the City of Beaumont, Texas Attest: City Clerk of the City of Beaumont, Texas *(This paragraph should be omitted from bonds numbered 1 to 15, inclusive). The form of interest coupons attached to said bonds shall be sub- stantially as follows: No. 1 On the 1st day of February, 1950, the City of Beaumont, Texas, will pay to bearer at The First National Bank of Beaumont, Beaumont, Texas, or at the American National Bann and Trust Company of Chicago, Chicago, Illinois, 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 IMPROVEMENT BOND, SERIES 1949, bearing the number hereinafter specified, dated February 1, 1949. Bond No. Mayor of the City.of Beaumont, Texas City Clerk of the City of Beaumont, Texas Coupons on said bonds numbered 16 to 25, inclusive, shall ;include the folloving clause after the interest payment date: "Unless the bond to Ivhich 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 CC 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. - 24 - Witness my hand and seal of office at Austin, Texas, this, the day of 1949. Comptroller of Public Accounts of the .State of Texas It is further ordained that for the purpose of paying the interest on said POLICE STATIONS IMPROVEt4NT BONUS, SERIES 1949, and to create a sinking fund to pay the various installments of principal as the sage 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 $ .005 on each $100 valuation of all taxable property within the City of Beaumont, Texas, is here and novr levied for the year 1949, 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 5 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 may be 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 6 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 7 All ordinances and parts of ordinances and all resolutions and parts of resolutions inconsistent with the provisions of this ordinance are hereby rescinded and repealed in so far as same may conflict herewith, and it is - 25 - R 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. PASSED this, the /1A day of February, 1949' by the affirmative vote of all members of the City Council of the City of Beaumont, Texas. Mayor of the City of Beaumont, Texas - 26 -