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HomeMy WebLinkAboutORD 24-G6A(4, �2 4 AN ORD IN AIN CE AUTHORIZING AND DIRECTING THE ISSUANCE OF SERIAL BOLDS 01-0 THE CITY OF BEAUMONT IN THE SUM OF $900,000 TO BE ISSUED FOR ` THE PURPOSE OF CONSTRUCTING A SENIOR HIGH SCHOOL BUILDING OF BRICK, STONE, OR CONCRETE MATERIAL, AND PUHCHASI14G THE NECESSARY SITE THEREFOR ; AND AUTHORIZING AND DIRECTING THE ISSUANCE OF SERIAL BONDS OF THE CITY OF BEAUMONT,IN THE SUM OF $600,000, TO BE ISSUED FOR THE PURPOSE OF CONSTRUCTING A NEGRO HIGH SCHOOL OF BRICK, STONE, OR CONCRETE MATERIAL, AND THE NECESSARY,ADDI- TIONS, REPAIttS, AND 1M1P OVEILEN`l'S ON BUILDINGS NOVI IN USE, AND TEE PURCHASE OF ADDI TIGHT AL SITES THEREFOR; SAID ISSUES OF BONDS BEING DESIGNA`T'ED AS SCHOOL BONDS OF 1928 SERIES A, AND SCHOOL BONDS CF 1928, SERIES B RESPECTIVELY, SERIES A BEING NINE HUNDRED BONDS Ilv THE SUM OF �1,000 EACH, AND SERIES B BEING SIX HUNDRED BONDS IN THE SUI,I OF 1,000 EACH, BONDS Cr SERIES A NUE1BE'RED FROM 1 TO 513 INCLUSIVE, BEARING INTEREST AT THE RATE OF 42--% PER ANNUMl, .AND BONDS NUMBERED FROM 514 to 000 INCLUSIVE BEARING INTEREST AT THE RATE OF 4$o PER ANNUM; AND BONDS (Y SERIES B NUMBERED FROM 1 TO 324 INCLUSIVE BEARING INTEREST AT THE RATE OF 4oa PER ANNUM, AND BONDS NUMBERED 325 TO 600 INCLUSIVE BEARING INTEREST AT THE RATE OF 4-4-% PER ANNUM, INTEREST ON ALL .OF SAID BONDS PAYABLE ANNUALLY FOR THE FIRST YEAR AND SEMI-ANNUALLY EACH YEAR 'THEREAFTER; PRO- VIDING FOR THE LEVYING AND COLLECfT'ING (' THE NECESSARY TAX TO PAY THE INTEREST AND CREATE A SINKING FUND FOR THE REDEMPTION (F SAID BONDS AT MATURITY; REPEALING THE ORDL NANCE PASSED BY THE CITY COM- MISSIC OF `1'ldE CITY 011' BEAUMiCN T ON THE loth DAY OF APRIL, A.D. 1928, ISSUING SCHOOL BONDS (' ''ThE CI`1'Y OF BEAUMONT IN THE SUM OF .61,500,000 AND, PROVIDING THAT THIS OR.IX NANCE SHALL TAKE EFFECT FRO MI AND AFTER ILRB PASSAGE AND LA:NFUL PTBLICATION; AND DECLARING All EMERGENCY. Whereas, on the 29th day of February, A. D. 1928, an ordinance was dul'Apassed by the affirmative vote of all members of the City Commission of the City of Beaumont whereby a mchool bond election was ordered to be held within and for the Beaumont Independent School District insaid city on the 7th day of April, A.D. 1928; and, Whereas, due notice of said election was given in the manner and for the length of time repaired by law; and, Whereas, in said election held within and for the Beaumont Independent School District in the City of Beaumont on the 7th day of April, 1928, the voters of the Beaumont Independent School District of the City of Beaumont qualified to -vote at said election sathorized the City Commission of the City of Beaumont to issi e bonds of said city payable serially from one to forty years from their date, to bear interest at the rate of 42 per cent per annum, interest payable annually for the first year and semi-annually for each year thereafter, said bonds to be in the following amounts and the money to be derived therefrom,to be used for the following purposes, to wit; For the construction of a senior high school build- ing of brick, stone, or concrete material, and -the pur- chase of the necessary site therefor -------------------- sp"900,000 For the construction of a negro high school of brick, stone, or concrete material, and the necessary additions, repairs, and improvements on buildings now in use, and the purchase of additional sites therefor -------------------- `�600s000 11hereas, it is deemed expedient and advisable at -this time to issue bonds in the amounts and for the purpose above set forth under and by virtue of the authority conferred by said election of .ate April 7, 1928; and, .f r. Whereas, the public free schools of the Beaumont Inde- pendent School District of the City of Beaumont do not have sufficient space to properly house the pupils in said district, and the existing public school buildings are in need of immediate repairs, and the school children are improperly housed and have not sufficient space available for class rooms, creating an im- perative public necessity requiring this ordinance to take effect immediately as an emergency measure. NOW, `lh-EhEFORE, BE I`I' ORDAINED B:Y- '1hE CITY COMTJISSION OF THE CITY- OF BE A UMONT : Section 1 That the City Cormlission of the City of Beaumont shall issue bonds as hereinafter described, for and on behalf of and upon the credit of the Beaumont Independent School District of the City of Beaumont to borrow to the extent of q�11500,000 to be devoted to and expended: for the following purposes, to wit: For the construction of a senior high school building of brick, stone, or concrete material, and for the purchasing of necessary site therefor------.c90O,000 For the construction of a negro high school of brick, stone, or concrete material, and the necessary additions, repairs, and improvements on buildings now in use, and the purchase of additional sites therefor-------------------------600,000 That said bonds provided for herein shall be and are issued under and by virtue of the Constitution and Laws of the State of Texas and the Charter of Ihhe City of Beaumont adopted the 30th day of December, A. D. 1919, and the power and authority granted by Sections 18 and 71 of the City Charter and all other provisions of said Charter pertaining to the issuance of said bonds, and by Chapter 147, General Laws of the State of Texas, passed by the 33rd Legislature at its regular session granting certain powers to cities of more than 53000 inhabitants_, and by Chapter 9 of the Acts of the regular session of the 37th Legis- lature, and all amendments to said laws, and all other laws of the State of Texas, pertaining to and authorizing the issuance of municipal bonds. Section 2 That said bonds in the sum of ol,.500,000 shall be divided into two series, and each series divided into forty installments, and said series of said bonds shall be known and called each respectively School Bonds of 1928, Series A", and "School.Bonds of 1928, Series ., and the Mayor of the City of Beaumont is hereby authorized and directed to have prepared and executed a set of bonds for each of said purposes as follows: SCHOOL BONDS OF 1928 SERIES A p900,000 School Bonds of 1928, Series P,, to be divided into 900 bonds of the denomination of VA10000 each to be numbered from 1 to 900 inclusive, payable as follows: Nos. 1 to 9 inc. of $1000 each payable May 1, 1929 Nos. 10 to 18 inc. of $1000 each payable May 1, 1930 Nos. 19 to 27 inc. of 1000 each payable May 1, 1931 Nos. 2.8 to 36 inc. of Q1000 each payable May 1, 1932 Nos. 37 to 45 inc. of y131000 each payable May 11 1933 Nos. 46 to 54 inc. of �1000 each payable May 1, 1934 Nos. 55 to 63 inc. of 9$1000 each payable IUIay 1, 1935 Nos. 64 to 72 inc. of 31000 each payable May 1, 1936 Nos. 73 to 81 inc. of !1000-each payable May 1, 1937 Nos. 82 to 90 inc. of %'1000 each payable May 1, 1938 Nos. 91 'to 108 inc. of '$1000 each payab1e May 1, 1939 Nos. 109 to 126 inc. of ��1000 each payable May 1, 1940 Nos. 127 to 144 inc. of w1000 each payable May 1, 1941 Nos. 145 to 162 inc. of q�1000 each payable May 1, 1942 Nos. 163 to 180 inc. of y�1000 each payable. May 1, 1943 Nos. 181 to 198 inc. of $1000 each payable May 1, 1944 Nos. 199 to 216 inc. of)1000 each payable May 1, 1945 Nos. 217 to 234 inc. of 1�1000 each payable May 1, 1946 Nos. 235 to 252 inc. of yf1000 each payable May 1, 1947 Icy Nos. 253 to 270 inc. of 01000 each payable May 1, 1948 Nos. 271 to 297 inc. of $1000 each payable May 10 1949 Nos. 298 to 324 inc. of $1000 each payable May 1, 1950 Nos. 325.to 351 inc. of @'1000 each payable May 1, 1951 Nos. 352 to 378 inc. of $1000 each payable May 1, 3_952 Nos. 379 to 405 inc. of 1000-each payable May 1, 1953 Nos. 406 to 432 inc. of �1000 each payable May 1, 1954 Nos. 433 to 459 inc. of 61000 each payable May 1, 1955 Nos. 460 to 486 inc. of �1000 each payable May 11 1956 Nos. 487 to 513 inc. of $1000 each payable May 1, 1957 Nos. 514 6o 540 inc. of $1000 each payable May 1, 1958 Nos. 541 to 576 inc. of 01000 each payable May 11 1959 Nos. 577 to 612 inc. of 01000 each payable May 1, 1960 Nos. 613 to 648 inc. of 41000 each payable May 1, 1961 Nos. 649 to 684 inc. of 01000 each payable May 1, 1962 Nos. 685 to 720 inc. of l�1000 each payable May 1, 1963 Nos. 721 to 756 inc. of @1000 each payable May 11 1969 Nos. 757 to 792 inc. of 01000 each payable May 11 1965 Nos. 793 to 828 inc. of �p1000 each payable May 1, 1966 Nos. 829 to 864 inc. of §1000 each payable May 1, 1967 Nos. 865 to 900 inc. of 01000 each payable May 1, 1968 SCHOOL BONDS OF 1928 SERIES B ,J�6003,000 School Bonds of 1928, Series B, to be divided into 600 bonds of the denomination of $'1000 each, numbered from 1 to 600 inclusive, payable as follows, respectively: Nos. 1 to 6 inc. of fj!�1000 each payable May 1, 1929 Nos. 7 to 12 inc. of $1000 each payable May 11 1930 Nos. 13 to 18 inc. of 01�1000 each payable May 11 1931 Nos. 19 to 24 inc. of 01000 each payable May 1, 1932 Nos. 25 to 30 inc. of 6,1000 each payable May 1, 1933 Nos. 31 to 36 inc. of th1000 eabh payable May 1, 1934 Nos. 37 to 42 inc. of 's1000 each payable May 1, 1935 Nos. 43 to 48 inc. of ROOO each payable Dray 1, 1936 Nos. 49 to 54 inc. of y�'1000 each payable May 11 1937 Nos. 55 -to 60 inc. of $;1000 each payable May 1, 1938 Nos. 61 to 72 inc. of $1000 each payable May 11 1939 Nos. 73 to 84 inc. of 4�1000 each payable May 1, 1940 Nos. 85 to 96 inc. of $1000 each payable May 1, 1941 Nos. 97 to 108 inc. of 91000 each payable May 11 1942 A � N Nos. 109 to 120 inc. of �1`1000 each payable May 1, 1943 Nos. 121 to 132 inc. of y�1000 each payable May 1, 1944 Nos. 133 to 144 inc. of 14000 each payable May 11 1945 Nos. 145 to 156 inc. of 4p1000 each payable May 1, 1946 Nos. 157 to 168 inc. of 51000 each payable May 1, 1947 Nos. 169 to 180 inc. of ftOOO each payable May 1, 1948 Nos. 181 to 198 inc. of �r1000 each payable May 11 1949 Nos. 199 to 216 inc. of �1000 each payable May 1, 1950 Nos. 217 to 234 inc. of .101000 each payable Mey 1, 1951 Nos. 235 to 252 inc. of %)1000 each payable May 1, 1952 Nos. 253 to 270 inc. of 41000 each payable May 12 1953 Nos. 271 to 288 inc. of -,fl1000 each payable May 1, 1954 Nos. 289 to 306 inc. of ""1000 each payable May 11 1955 Nos. 307 to 324 inc. of plOOO each payable May 1, 1956 � A Nos., 325 to 342 inc. of �N1000 each payable May 1, 1957 Nos. 343 to 360 inc. of �11000 each payable May 1, 1958 Nos. 361 to 384 inc. of 441000 each payable May 12 1959 Nos. 385 to 408 inc. of 11000 each payable May 1, 1960 Nosl 409 to 432 inc. of j;1000 each payable May 11 1961 Nos. 433 to 456 inc. of 1000 each payable May 1, 1962 Nos. 4,W to 480 inc. of II1000 each payable May 1, 1963 Nos. 481 to 504 inc. of �1000 each payable May 12 1964 Nos. 505 to 528 inc. of y11)'1000 each payable May 1, 1965 Nos. 529 to 552 inc. of 01000 each payable May 1, 1966 Nos. 553 to 576 inc. of 81000 each payable May 11 1967 Nos. 577 to 600 inc. of 000 each payable May 11 1968 Said bonds to be payable in lawful money of the United States of America and each dated the lst day of May, A. D. 1928, each bond of Series A numbered from 1 to 513 inclusive shall bear interest.at _ the rate of 4y% per annum, and bonds numbered from 514 to 900 in- clusive, shall bear interest at the rate of 4�% per annimv,; and bonds in Series B numbered from 1 to 324 inclusive shall bear interest at the rate of 42/ per annum, and bonds numbered frora _B�?5 ,,o 600 inclusive shall bear interest at the rate of 4e per .annurii, interest payable annually for the "first year on the lst day of May, 1929, and for all years thereafter payable semi-annually on the lst day of May and the lst day of November of each year, according to the tenor of the in- terest coupons to be attached to said bonds: The Mayor shall sign said.bonds and they shall be countersigned and attested by the City Clerk and registered by the Director of the Department of Finance and the seal of the City of Beaumont shall be impressed upon each of them. The coupons shall be executed with the lithographed signatures of the 1\'ayor and City Clerk.- Said bonds and interest coupons shall be payable upon presentation and surrender at the office of the Director of the Department of Finance of the City of Beaumont, or at the office of the National City Bank of New York City, New York, at the option of the holder. Section 3 The bonds and interest coupons above provided for, upon their face, shall be subatantially in words and figures as follows; to wit; No. 1 FIRST PROPOSITION For the construction_ of a senior high school building of brick, stone, or concrete material, and the purchasing of the necessary site therefor. FORM OF BOND UNITEOD STATES OF ALrJE1dCA STATE �,T TEXAS 01,000 CITY OF BEAUMONT fe SCHOOL BUIDS OF 1928, SERIES A KIAOW ALL MEN BY THESE PRESENTS: That the City of Beaumont, a municipal corporation, of the County of Jefferson, State of Texas, hereby -acknowledges itself to owe, and for value received hereby promises to pay to bearer -One Thousand Dollars in lawful money of the United States of America, on - the 'lst day of May., A. D. 1929, with interest on said sum from date of this -bond at the rate of 42 o per annum, interest payable -annually for the first year on the lst day of May; 1929, and for each year thereafter payable semi-annually on the lst day of May and on the lst day of November of each year, in lawful money of the United States of America, as evidenced by and upon presentation and surrender of the annexed interest coupons as they severally become -due. Both principal and interest of this bond are payable at the off ice.of the Director of Finance of the City of Beaumont, or at the office of the National City Bank of New Yor],�: City; New York, at the option of the holder hereof: This bond is a series of.900 bonds of the denomination of ��1000 each, known and cal led, -"School Bonds of 1928, Series All of like tenor and date except as to maturity, numbered from 1 to 900 inclusive, bonds numbered from 1 to 513 inclusive bearing interest at 42/ per annum, and bonds numbered from 514 'to 900 inclusive bearing' interest at: Q�% per annum., aggregating in -amount $900,000, said bonds issued by -the City of Beaumont for the purpose of making -permanent City improvements_, to wit: For the construction of a -senior high school building of brick, stone, or concrete material and the purchasing of the necessary site therefor. Said bonds issued under and by virtue of the �'onsti- tution and Laws of the ,State of Texas, and the Charter of the City of Beaumont adopted on the 30th day of December. A.D. 1919, and the power and authority granted by Sections 18 and 71 of'said City Charter, and all other provisions in said charter pertaining to the issuance of bonds, and by Chapter 147 of the General Laws of the Sta-te of '`exas, passed by the 33rd Legislature.at its -.regular- session, granting certain powers to cities of more than 5,000 inhabitants, and by.Chapter 9 of the Acts of the regular session of the 37th Legislature and all amend- ments thereto, and all other laws of the State of Texas pertaining to and authorizing the issuance of .municipal bonds, pursuant to an ordin- ance duly adopted by the City Commission of the City of Beaumont on the 29th day of February, A. D. 1928, ordering an election on. -the 7th day of April, A.-D. 1928., and a resolution of the City Commission of the City of Beaumont duly passed on the loth day o'f April, 1928, declar- ing the results of said election; -and in pursuance of an ordinance duly and regularly passed by the City Commission of the City of Beaumont on the lst day'of May,-1928, authoriy ng and directing the issuance of said bonds, and of record on.'pages- et seq., Vol. of the Ordinances of the City of Beaumont. The date of this bond is the lst day, of May, 1928; and it is hereby certified, recited, and declared that all acts, conditions, and things required to be done and precedent to and in the issuing of these bonds have been properly done, have happened, and been per- formed in regular and due form as -required by law, and that the total indebtedness of the City.of Beaumont and the Beaumont Independent School District, including the total indebtedness contracted by the issuance of these bonds, does not exceed the Constitutional or Statu- tory limitations: And it is hereby recited, certified, and declared ' that the additional tax levied and made necessary to be levie'd in.order-to provide for the interest and principal of this issue of bonds, tolgether 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 of the Charter of the City of Beaumont- -5- rt � 4 In testimony whereof the City of Beaumont has caused this bond to be issued and signed by its Mayor, countersigned and attested by its City Clerk, registered by the Director of the Department of Finance, and the corporate seal of the City of Beaumont to be affixed thereto, this, the lst day of May, A. D. 1928. Mayor of the City of Beaumont, Texas. Countersigned and Attested: City Clerk of the City of Beaumont, Texas. (Seal) Registered: Director of the Department of Finance of the City of Beaumont, Texas. FORM OF COUPON No. 1 p45.00 On the lst day of May, A. D. 1929, the City of Beaumont, Texas, will pay to bearer at the office of the Director of Finance of the City of Beaumont, or at the office of the National City Bank of New York City, New York, at the option of the holder, the sum of Forty-- five Dollars lawful money of the United States of America, being one year's interest then due on its serial bonds of 1928, Series A, dated the lst day of May, 1928. Mayor of the City of Beaumont, Texas. Attest: City Clerk of the City of Beaumont, Texas. The remaining coupons of said bonds shall be in substantially the above form, but those attached to bonds numbered from 1 to 513 inclusive shall be for the sum of 022.50, being six months' interest on said bonds, and those attached to bonds numbered from 514 to 900 inclusive shall be in the sum of $21.25, being six months' interest on said bonds; said coupons shall be payable every six months on the lst day of May and the lst day of November of each year after the first year. No. 1 SECOND PLOPOSITION For the construction of a negro high school of brick, stone, or concrete material and the neces- sary additions, repairs, and improvements of buildings now in use, and the purchase of addi- tional sites therefore FORI;'I OF BOLD UNITED STATES OF AMERICA $01,000 STATE OF TEXAS CITY OF BEAUMONT -6- 10 IN / Y l SCHOOL BONDS OF 19285 SERIES B KNOW ALL MEN BY THESE PRESENTS: That the City of Beaumont, a municipal corporation, of the County of Jefferson_, State of Texas, hereby.acknowledges itself to owe and for value received, hereby promises to pay to bearer One Thousand Dollars in lawful money of the United States of America, on the lst day of May, A. D. 1929, with interest on said sum from date of this bond at the rate of 4-A% per annum, interest payable annually for the first year on the lst day of May, 1929, and for each year thereafter payable semi-annually gx ±awfx5t on the lst day of May and on the lst day of November of each year, in lawful money of the United States of America, as evidenc- ed by and upon presentation and surrender of the annexed interest coupon as they severally become due. Both principal and interest of this bond are payable at the office of the Director of Finance of the City of Beaumont, or at the office of the National City Bank of New York City, New York, at the option of the holder hereof. This bond is .a series of 600 bonds of the denomination of $1000 each, known and called "School Bonds of 1928, Series B" of like tenor and date except as to maturity, numbered from 1 to 600 inclusive, num- bers 1 to 324 inclusive bearing interest at 42� psis annum and numbers 325 to 600 inclusive bearing interest at the rate of 4,o per annum, aggregating in amount '?600.9000, said bonds issued by the City of Beau- mont for the purpose of making permanent city improvements, to wit: For the construction of a negro high school of brick, stone, or concrete material, and the necessary additions, repairs, and improve ments of buildings now in use, and the purchase of additional sites $. thereof. Said bonds issued under and by virtue of the Constitution and Laws of the State of Texas and the Charter of the City of Beaumont adopted on the 30th day of December, 1919, and the power and authority granted by Sections 18 and 71 of said City Charter, and all other pro- visions in said charter pertaining to the issuance of bonds, and by Chapter 147 of the General Laws of the State of Texas, passed by the 33rd Legislature at its regular session, granting certain powers to cities of more than 5,000 inhabitants, zLnd by Chapter 9 of the Acts of the regular session of the 37th Legislature and all amendments thereto, and all other laws of the State of Texas pertaining to and authorizing the issuance of municipal bonds, pursuant to an ordinance duly adopted by the City Commission of the.City of Beaumont on the 29th day of February, A.D. 1928, ordering an election on the 7th day of April, A.D. 1928, and a resolution of the City Commission of the City of Beaumont duly passed on the loth day of April, 1928, declaring the results of said election and in pursuance of an ordinance duly and regularly passed by the City Commission of the City of Beaumont on the lst day of May, 1928, authorial g and directing the issuance of said bonds, and of record on pages et seq., Vol. of the Ordinances of the City of Beaumont: The date of this bond is the lst day of TTD.y, 1928; and it is hereby certified, recited, and declared that all acts, conditions and things required. to be done and precedent to and in the issuing of these bonds have been properly done, have happened and been performed in regular and due form as required by law, and that the total in- debtedness of the City of Beaumont and the Beaumont Independent School District, including the total indebtedness contracted by the issuance of these bonds, does not exceed the Constitutional or Statutory limi- tations. Arid.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, to- gether 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 of the Charter of the City of Beaumont: -7- 1 f� In testimony whereof the City of Beaumont has caused this bond to be issued and signed by its Mayor, countersigned and attested by its City Clerk, registered by the Director of the Department of Finance, and the corporate seal of the City of Beaumont to be affixed thereto this, the lst day of May, A.D. 1928. Mayon of the City of Beaumont,.Texas. Countersigned and Attested: City Clerk of the City of Beaumor_t,Texas. (Seal) registered: irector of the Department of Finance of the City of Beaumont, Texas. FORELF OF COUPON No. 1. y$45.00 On the lst day of 11'!ay,, A.D. 1929, the City of Beaumont, Texas, will pay to bearer at the office of the Director of Finance, of the City of Beaumont, or at the office of the National City Bank of New York City, New York, at the option of the holder, the sum of Firty-five Dollars la.�Fful money of the United States of America, being one yearts interest then due on its serial bonds of 1928, -Series B. dated the 1st day of May, 1928, Mayor of the City of Beaumont., Texas. Attest:. City Clerk of the City of Beaumont, Texas. The remaining coupons of said bonds shall bein substantially the above form, but the coupons attached to bonds numbered from I to 324 inclusive shall be for the sum of '322.50, being six months` interest -on said bonds, and the coupons attached to bonds numbered from 325 to 600 inclusive shall be for the sum of A21.25, being six monthst interest on said bonds; and said coupons shall be payable dvery six months on the lst day of May and the lst day of November of each year affer the first year. Section 4 It is further ordered that the Mayor be authorized, and he is hereby directed to take charge of the above described bonds, pending their investigation by the Attorney General of the State of Texas, and upon their approval and registration he shall proceed to sell the same at no less than their face value and accrued interest, at public or private sale, and the proceeds of such sale shall be deposited with the Director of the Department of Finance of the City of Beaumont. The proceeds of said bonds shall be used for the purpose of making permanent city improvements, to wit: For the construction of a senior high school building of brisk, stone, or concrete material and the purchasing of the necessary site therefor 4900,000 For the construct -ion of a negro high school of brick, stone, or concrete material, and the necessary additions, repairs and improvements on the buildings now in use, and the purchase of ad- ditional site therefor 600,000 Section 5 It is further ordained that for the purpose of paying the interest on said School Bonds of 1928, Series A, as well as the various installments of principal as the same shall respectively mature, there is hereby levied for the year 1928 and for each suc- cessive year thereafter as long as the same may be necessary to provide the interest and annual installments of principal on said bonds, on all property within the Beaumont Independent School Dis- trict of the City of Beaumont subject to.taxation an ad valorem tax of 10.8 cents on each Eil100 valuation on all taxable property in the Beaumont Independent School District of the City of Beaumont, or so much thereof, or such other rate of tax as shall be necessary, and the same shall be so annually assessed and collected and applied, and said tax_, or so much thereof, or such other tax as may be necessary, is hereby levied for each year hereafter while said bonds or any of them are outstanding, and them same shall be annually assessed and collected and applied to the purpose named. It is further ordered that for the purpose of paying the interest on said School Bonds of 1928., Series B.,as well as the various in- stallments of principal, as the same shall respectively mature, there is hereby levied for the year 1928, and for each succeeding year there- after, as long as the same may be necessary to provide the interest and annual installments of principal of said bonds on all property within the Beaumont Independent School District of the City of Beaumont subject to taxation an ad .valorem tax of 7.2 cents on each �'p100 -valuation of all taxable property in the Beaumont Independent School District of the City of Beaumont, or so much thereof or such other t,ite of tax_ as shall be necessary, and the same shall be so annually assessed and col- lected and applied and said taxes, or so much thereof as may be necessary, or such other tax as may be necessary, is hereby levied for each year hereafter while said bonds or any of them are outstanding, and the same shall be annually assessed, collected, and applied to the purpose named. All ordinances and parts of ordinances and all. resolutions and parts of resolutions inconsistent or in conflict with the provisions of this ordinance are hereby rescinded and repealed And the ordinance passed by the City Coirnnission of the City of Beaumont on the 10tr. day of April, 1928, entitled, "An ordinance authorizing and directing the issuance of serial bonds of the City of Beaumont, bearing interest at the rate of 4'0 per annum, interest payable annually for the first year and semi-annually on each #enr thereafter, in the sum of "Jp00,000 to be issued for the purpose of constructing a senior high school building of brick, stone, or concrete material, and purchasing the necessary site therefor; and authorizng and directing the issuance of serial bonds of the City of Beaumont, bearing interest at the rate of 4 -- per an.ntum, interest pay- able annually for the first year and semi-annually for each year there- after, in the sum of 1j�600,000 to be issued for the purpose of constructing a negro high school of brick, stone, or concrete material, a nd the ne- cessary additions, repairs, and improvements on buildings now in use, and the purchase of additional sites therefor; providing for the levying and collecting of the necessary tax to pay the interest and create a sinking fund for the redemption of said bonds at maturity; and providing that said ordinance shall take effect from and after its passage and lawful publication; and declaring an emergency", is hereby repealed. -9- y- 0y t Y, . ,' Section 6 1+uhereas, public -free school buildings 'of the City of Beaumont do not have sufficient space to house the,pupils of the Beaumont Independent School District and additional building facilities are ifaperatively needed; and whereas, said school buildings are -in a bad s state of repair and the school children are improperly housed -and have not ,sufficient space available for class rooms, Which creates an im- perative public.necessity requiring the rule that ordinances be read on three separate days before their passage to be suspended and said rule is hereby suspended and this ordinance shall be in force and effect from and after its passage and lawful publication. Passed this, the lst day of May, A.D. 1928, by the affirmative vote of all members of the City Commission of the City of,Beaumonta approved this, the lst day of May, AOD. 8: :ayo—r-of the Gi Beaumont, .Texas' 5 The -State of Texas, County of Jefferson Before me, nderaigned authority, on this day personally appeared ................ now to m e, who being by me duly sworn, on his oath de- poses and says that he is the.. . ...... of the BEAU , BEAUMONT JOURNAL, a newspaper published in said county; that a copy of the within and foregoing was_,:{blishedlin said newspaper, such publication being on the following dates: �t ............. D. 192 and a newspaper copy of which is hereto at - Sworn • ° Sworn to aii subscribed before me, this. .... day o A. D. 192. _- - Notary public, Jefferson Couy, Texas. a qC --The-mate- of —Texas,- County of Jefferson Before me, the.,pndersigned authority, on this day personally appeared ................. ,known n. me, who being by me duly sworn, on his oath do - poses and says that he is the ... of the BE! SE, 13EATJMONT JOURNAL, a newspaper published in said county; that a copy of the within and !9yegoing was published in said newspaper, such publication being on the following . dates: ...... - ......... A. D. 192. and a newspaper copy of which is hereto at- tache Sworn to and subscribed before me, this. . . ... day of J ........ A. D. 192.T. I Zil ................. .. ... . ....... Notary Public, Je ferson Cou y, Texas. LE, GAL NOTICES I I LEGAL NOTICES 74—Legal Notices 174 ?4—Legal Notices - LEGAL�NOTI�CES A74—Legal ,Notices .said city on the 7th day of April, A. D. able May 1, 1964. 1928; and, Nos. 757 to 792 Inc. of $1000.each pay Whereas, due notice of said election was able May 1, 1965. given in the manner and for the length of Nos. 793 to 828 Inc. of $1000 each pay - time reouired by law; and, able Mav 1, 1966. Whereas, in said election held within Nos 829 to a64 inc of $1000 each 'a - and for the Beaumont Independent Scho District in the City of Beaumont on t 7th day of April, 1928, the voters of th Beaumont Independent School District the City of Beaumont qualified to vot at said election authorized the City Com in of the City,of Beaumont to issu bonds of said city payable serially fro one to forty years from their date, to bea interest at the rate of 41/2 per cent pe annum, interest payable annually for th first. year and semi-annually for each ,yea thereafter, said bonds to be in the follow ing amounts an dthe money to be derive therefrom to be used for the' following purposes, to wit: IFor the construction of a senior high school'building of brick, stone, or con- crete material, and the purchase of the necessar ysite therefor ...... $90o,00 For the construction of a negro high schooli of brick, stone, or concrete material, and the necessary additions, repairs, and improvements on build- Ings now in use, and the purchase of additional sites therefor ........$600,00 Whereas, it is deemed expedient an advisable at this time to issue bonds i the amounts and for the purpose abgqv set forth under and by virtue of Eh authority conferred by said election o date April 7, 1928; and, Whereas, the' public free schools of the Beaumont Independent School District of the City of Beaumont do not have. suffi- cient space. to properly house the. pupils in said district, and the existing public school buildings are in need of imme- diate repairs, and the school'children are improperly housed and have not sufficient space available for class rooms, creating 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: SECTION 1. That the City Commission of the City of Beauiliont shall issue bonds as herein- after described, for and on behalf of and upon the credit of the Beaumont Inde- pendent School District' of the City of Beaumont. to borrow to the extent of $1,- 500,000 to be devoted to ,and expended for the following purposes, to wit: For the construction of a senior High school building of brick, stone, or con- f crete material, and for the purchasing of necessary site therefor ..$900,000. For the construction of a negro high school of brick, stone, or concrete material, and the necessary additions, repairs, and improvements on build- ings, now in use, and the purchase of additional sites therefor $600,000 That said. bonds provided for herein shall be and are issued under and by vir- tue of the Constitution and Laws of the State of Texas and the Charter of the City of Beaumont adopted the 30th day of Decemebr, A. D. 1919, and the power and authority granted by. Sections 18 and 71: of the City Charter and all other pro- vision; of said Charter pertaining to the, issuance of said bonds, and by Chapter 147, General Laws of the. State of Texas, Passed by the 33rd Legislature at'its regu- lar session granting certain powers to cities of more than 5,000 inhabitants, and by Chapter 9 of the Acts of the regular session of the 37th Legislature, and all amendments to said. laws, and all other laws of the State of Texas, pertaining to and authorizing the issuance of munic- ipal bonds. SECTION 2. That said bonds fh the sum of $1,500,000 shall be divided nto two series, and each series divided .into forty installments, and said series of said bonds shall be known and called each respectively "School Bonds of 1928, Series A," and "School 'Bonds of 1928, Series B,"sand the Mayor of ,the City of Beaumont is hereby" author- ize$ and directed to have prepared and executed a set of bonds for ach of said Purposes as follows:` o] able Mav 1, 1067. Py he Nos. 865 to 900 inc, of $1000 each pay- s able May 1. 1118. of SCHOOL BONDS OF 1928. e SERIES B. $600,000 School Bonds of 1928. Series R, e to be divided into 800 bonds. of the m denomination of •$1000 each, numbered r from 1 to 600 inclusive, payable as fol- r lows, respectively: e Nos. 1 to, 6 Inc. of $1000 each payable r Mav 1, 1929. ' Nos. 7 to 12 inc.'of $1000 each payable d M9v 1, 1930. Nos. 13 to 18 inc. of $1000 each payable May 1, 1931. Nos. 19 to 24 inc, of $1000 each payable Mev 1, 1932. Nos. 25 to 30 inc. of $1000 each payable 0 May 1, 1933. - Nos. 31 to 36 inc. of $1000 each payable May 1, 1934. Nos. 37 to 42 inc. of $1000 each payable Mav 1, 1935. Nos. 43 to 48 inc. of $1000 each payable May 1, 1936. d Nos. 49 to 54 inc. of $1000 each payable n May 1, 1937. e Nos. 55 to 60 Inc, of $1000 each payable e May 1, 1938. f. Nos. 61 to 72 inc.. of $1000 each. payable May 1, 1939. Nos. 73 to 84 inc. of $1000 each payable Mn.v 1, 1940. , Nos. 85 to 96 Inc. of $1000 each payable May 1, 1941. Nos. 97 to 108 Inc. of $1000 each payable May 1, 1942. II ' Nos. 109 to 120 Inc. df $1000 each pay- able May 1, 1943. Nos. 121 to 132 inc. of $1000 each pay- able May 1, 1944. Nos. 133 to 144 Inc. of $1000 each pay- able May 1, 1945. Nos. 145 to 156 inc. of $1000 each pay- able May 1, 1946. Nos. 157 to 168 Inc. of $1000 each pay- able May 1, 1947. Nos. 169 to 180 Inc. of $1000 each pay- able May 1, 1948. Nos. 181 to 198 inc, of. $1000 each pay- able May 1, 1949. Nos. 199 to 216 Inc.- of $1000 each pay- able May 1, 1950. - Nos. 217 to 234 inc. of $1000 each pay- able,May 1, 1951. Nos. 235 to 252 inc. of $1000 each pay- able May 1, 1952. • i Nos .253 to 270 inc. of $1000 each pay- able May 1, 1953. _ Nos. 271 to 288 Inc. of $1000 each pay- able May 1, 1954. Nos. 289 to 306 Inc. of $1000 each pay- able May 1, 1955. Nos. 307 to 324 Inc. of $1000 each pay- able May 1, 1956. Nos. 325 to 342 inc. of $1000 each pay- able May 1., 1957. Nos. 343 to 360 Inc. of $1000 each pay- able May 1, 1958. Nos. 361 to 384 Inc. of $1000 each pay- able May 1, 1959. Nos. 385 to 408 Inc. of $1000 each pay- able May, 1,_1960. - Nos. 409 to 432 inc, of $1000 each pay- able May 1, 1961. Nos. 433 to 456 inc. of $1000 each pay- able May 1, 1962. Nos. 457 to 480 inc. of $1000 each. pay- able May 1, 1963. Nos. 481 to 504 Inc of $1000 each pay- able May 1, 196C ' Nos. 505 to 528 Inc. of $1000 each pay- able May 1, 1965. Nos. 529 to 552 Snc. of-$1000• each pay- able May 1, 1966. - Nos. 553 to 576 inc, of $1000 each pay- able 'May 1, 1967. Nos. 577 to 600 inc. of $1000 each pay- able May 1, 1968. Said bonds to be payable in lawful money of the United States of America and each dated to lst -day of May, A. D. s 1928, each bond of Series A numbered from I 1 to 513 inclusive shall bear interest at the rate of 41/2% per annum, and bonds numbered from 514 to 900 inclusive, shall bear interest at the rate of 4'/4% per an - of making permanent City improvement to wit: For the construction of a senior•:gt school building of brick, stone, or co crate material and the purchasing of t necessary site therefor. Said bonds issue under and by virtue of the Constitutio and Laws of the State of Texas, and th Chaster of the City of Beaumont adopte gn the 30th day of Deemberi A. D. 191 and the power and authority granted b Sections 18 and 71 of said City Charter and all other provisions in said charge nertainWg to the issuance of bands, an by Chapter 147 of the General Laws of th State of Texas, passed by the 33rd Legis lature at its regular session, granting car tain powers to cities of more than .5.00 inhabitants. and by Chapter 9 of the Act of the regular session of the 37th Legisla cure and all amendments thereto, and al other laws oY the State of Texas pertain ing to and authorizing the issuance o municipal bonds, pursuant to an ordS nance duly adopted by the City Commis .,ion of the City of Beaumont on the 29t day of February, A. D. 1928, ordering a elect}on on the 7th day of April, A. D 1928. and a resolution of the City Com- mission of the Citv of Beaumont dui passed on the loth day of April, 1928, de- claring the results of said election, an in pursuance of an ordinance duly an regularly passed by the City Commission of Beaumont on the 1st day. of May, 1928 authorizing and directing the issuance o said bonds, and of record on page 529 e seq., Vol. 5 of the Qrdinances of the city of Beaumont. The date of this bond is the 1st day o May, 1928: and it is hereby certified, Ye - cited, and declared that all acts, condi- tions, and things required to be done and precedent to' and in the issuing of these bands have been properly done, have hap- pened, and been performed in regular and due form as required by law, and that the total indebetedness of the City of Beaumont Independent School District, in- cluding the total indebtedness contracted by the issuance of these bonds, does not exceed the Constitutional or, Statutory limitations. And it Is hereby recited, certified, and declared that the additional tax levied and made necessary to be levid 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 of the Charter of the City of Beaumont. In testimony whereof the City of Beau- mont has caused this bond to be issued and signed by its Mayor, countersigned and attested by its City Clerk,- registered by the Director of the Department of Finance, and the corporate seal of the City of Beaxniont to be affixed thereto, this, the 1st day of May, A. D. 1929. ..... Mayor of the City of Countersigned ariduAttested: as. City Clerk of the City of -Beaumont; Texas. (Seal) Registered: Director of the Department. of Finance of the City of Beau- mont, Texas. No 1 I FORM OF COUPON. ' On the 1st day of May, A. D. 19-$45.00 the, city of Beaumont, Texas, will pay.t29 o the er at the office of the Director of Finance oar- f the City of Beaumont, or at the office of the National City Bank of New York City, New York, at the option of the hold- er, the sum of Forty-five Dollars lawful money of the United States of America, being one year's interest then due on its erial bonds of 1928, Series A, dated the St day of May, 1928. Mayor of the City of.... Beaumont, Texas. Attest: s, nance, of the City of Beaumont, or at office of the National City Bank of I h York City, New . York, at the option n- the holder, the sum of Forty -Five Dol. he lawful money of the United States d America, being one year's interest t: n due on its serial bonds of 1928 Series e dated the 1st day of May, 1928:1 9, Mayor of the. City of Y Attest: Beaumont, Texas. , d City Clerk of the City of e The B remaining' coupons of .said bot shall be in substantially the 'above for 0 but the coupons attached to bonds nu s bered from 1 to 324 inclusive shall be : _ the sum of $22.50, being six months' 1 i terest on said bonds, and the coupe attached to bonds numbered from 325 q 600 inclusive shall be for the sum $21.25, being six months' interest on a bonds; and said coupons shall be paya h every six months on the.. 1st day. of N n and the 1st day of November of each yl after the filrst year. SECTION 4. It is further ordered than the May be authorized, and he is hereby direct d to take charge of the above descrit d bonds, pending their investigation by t Attorney General of the State of Tex and upon their approval and Yegistrati f he shall proceed to sell the same at t less than their face value and accrued terest, at public or, private sale, and •t proceeds of such sale shall be deposit f Financesofrthe oCitY f Beaumont. T proceeds of said bonds shall be used f the impro ements, to wicking permanent ci For the construction of a senior high school building of brick, stone, or con- crete material and the purchasing of the necessary Site therefor ,. $9o0,0oo For the gro high school of construction bricstonef ore concrete material, and the necessary additions, repairs and improvements on the buildings now in use, and the pur- chase of additional site therefor $600,000. Section 5. It is further ordained that for thepu pose of paying the interest on said Scho Bonds of 1928, Series A, as well as tl various installments of principal as tl same shall respectively ma£ure,. there hereby levied for the year 1928 and h each successive year thereafter as long i the same may be necessary to provide tl Interest and annual installments of prit cipal on said bonds, on all property withi the Beaumont Independent School Distrii of the City of Beaumont subject to taxi tion an ad valorem tax of 10.8 cents o each $100 'valuation on all taxable prop erty in the Beaumont Independent Schoc District of the City of Beaumont, or s much thereof, or such other rate of to as shall be necessary, and the same she be so annually assessed andcollectedan applied, and said tax, or so much thereo; or such other tax as may be necessar3 is hereby levted for each year hereafte while said bonds or any of them are out standing, and the same shall be annual% assessed and collected and applied to th purpose named. It is further ordered that for the pur Pose of paying the interest on said Schoc Bonds of 1028, Series B, as well as th various installments of principal, as th same shall respectively mature, thereafter as long as the same may be necessary, b provide tie interest and annual install ments of principal of said bonds on al property within the Beaumont Independ ent School District of the City of Beau. Mont subject to taxation an ad valorem. tax of 7.2 cents on. each $100 valuation o; all taxable property in the Beaumont In• dependent School District of the City of Beaumont, or so much thereof or such other rate of tax as shall be necessary and the same shall be so annually a..c. _ a—m rcurea- to —"ace -pzepared and Ij executed a set of bonds for ach of said purposes as follows: SCHOOL BONDS OF 1928 SERIES A $900,000 School Bonds of 1928, Series A, to be divided into 900 bonds of the de- nomination of $1,000 each to be numbered from 1 to 900 inclusive, .payable as follows: Nos. 1 to 9 Inc. of $1000 each payable May 1, 1929. Nos. 10 to 18 Inc, of $1000 each payable May 1, 1930. Nos. 19 to 27 Inc. of $1000 each payable May 1, 1931, S. 23 to 36 Inc. of $1000 each payable ,May 1, 1932. _ —1 -[l�Eni I Nos. 37 to 45 Inc. of $1000 each payable _ May 1, 1933. -' INos. 46 to 54 Inc. of $1000 each payable _ - 74--L egal Notices May 1, 1934. Nos. 55 to 63 Inc. of $1000 each payable IMay 1. 1935, t Nos. 64 to 72 Inc. of $1000 each payable M"y 1, 1936. AN ORDINANCE 1 -*'os. 73 to 81 Inc. of $1000 each payable Authorizing and directing the issuance of 1, 1937. serial bonds of the City of Beaumont in�_ ts. 82 to �-0 inc. of $1000 each payable the sum of $900,000 to be issued for thee,, 1, 1938. purpose of constructing a senior highs I t. 91 to 108 Inc. of $1000 each payable school building of brick, stone, or conk 1, -1939. crate material, and purchasing the ne- crate To9 to 12G inc. of $1000 each pay - site therefor; and authorizin Tay 1, 1940. and directing the issuance of serial 127 to 144 Inc. of $1000 each pay - bonds of the City of Beaumont in the ly 1, 1941. sum of $G00,000, to be issued for thei 1 145 to 162 Inc. of $1000 each pay - purpose of constructing a negro high 1 ay 1. 1942.1, school of brick, stone, or concreto mate- 163 to 180 Inc, of $1000 each pay- rial, and the necessary additions, re- e' fay] 1043. I pairs, and improvements on buildings s. 181 to 198 Inc. of $1000 eachpay- now in use, and the purchase of adds- abl May 1, 1944. tional sites therefor; said issues of bonds N s. 199 to 216 Inc. of $1000 each pay - being designated as school bonds of 1928 able` May 1, 1945. series A, and school bonds of 1928, series Nos. 217 to 234 Inc. of $1000 each pay- B, respectively, series A being nine hurt- able May 1, 1946. dred bonds in, the sum of $1,000 each, Nos. 235 to 252 Inc. of $1000 each pay - and series B being six hundred bonds in able May 1, 1947. the sum of $1,000 each, bonds of Nos. 253 to 270 Inc. of $1000 each pay - series A numbered from 1 to 513 inclu- able May 1, 1948. site, bearing interest at the rate of Nos. 271 to 297 Inc. of $1000 each pay- 41,'o per annum, and bonds numbered able May 1, 1949. from 514 to 900 inclusive bearing interest Nos. 298 to 324 Inc. of $1000 each pay - at the rate of 4 i' o per annum; and able May 1, 1950. bonds of series B numbered from 1 to Nos. 325 to 351 Inc. of $1000 each pay- 324 inclusive bearin^, interest at the able May 1, 1951. rate of 41/2 o per annum, and bonds Nos. 352 to 378 Inc. or $1000 each pay- nnumL•ered 125 to 600 inclusive bearing able May 1, 1952. interest at the rate of 41/4 o Per annum, Nos. 379 to 405 file. of $1000 each pay - interest on all of said bonds payable able May 1, 1953. annually for the first year and semi- Nos. 406 to 432 Inc. of $1000 each pay - annually each year thereafter; providing able May 1. 1954. for, the levying and collecting of the Nos. 433 to 459 Inc.' of $1000 each pay - necessary tax to pay the interest and able May 1, 1955. create a sinking fund for the redemp- Nos. 460 to 486 Inc. of $1000 each pay- tion of said bonds at maturity; repealing able May 1, 1956. the ordinance passed by the City Com- Nos. 487 to 513 ine. of $1000 each pay - mission of the City of Beaumont on the able May I, 1957. 10th of April, A. D. 1928, issuing school Nos. 514 to 540 Inc, of $1000 each pay - bonds of the City of Beaumont in the able May 1958. SUM of $1,500,000 and providing that this Nos. 541�to 576 Inc. of $1000 each pay - ordinance shall take effect from and able May 1; 1950. after its passage and lawful 'publication; and declaring all emergency. Nos. 577'to 612 Inc. of $1000 each pay - able May 1, 1960. Whereas, ono the 29th day of February, Nos. 613 to 648 Inc. of $1000 each pay - A. D. 1928, an ordinance was duly passed able May 1, 1961. by the affirmative vote of all members of Nos. 649 to 684 inc. of $1000 each pay - the City Commission of the City of Beau- ably May 1, 1962. snout whereby a school bond election wag ordered to be held within and for the Nos. 685 to 720 Inc. of $1000 each pay - able May 1, 1963. Beaumont Independent Sschool District in Nos. 721 to 756.Inc. of $1000 each pay - numbered from 514 to 900 inclusive, shnll bear interest at the rate of 4�/, o per an- num; and bonds in Series B numbered from 1 to 324 inclusive shall bear interest at the rate of 41/2% per annum, and bonds numbered from 325 to 600 inclusive shall .bear interest at the rate of 41/4 o per an- num, interest payable annually for the first year on the 1st day of May, 1929, and for all years thereafter payable semi- annually on the 1st day of May and the 1st day of November of each year, accord- ing to the tenor of the interest coupons to be attached to said bonds. The Mayor shall sign said bonds and they shall be ocuntersigned and attested by the City Cleric and registered by the Director of the Department of Finance and the seal of the City of Beaumont shall be impressed upon each of them. The coupons shall be executed with thelitho- graphed signatures of the Mayor and City Clerk. Said bonds and interest coupons shall be payable upon presentation and surrender at the office of the Director of the Department of Finance of the City of Beaumont, or at the office of the Na- tional City Bank of New York City, New York, at the option of the holder. SECTION 3, The bonds and interest coupons' above provided for, upon their face, shall be sub- stantially in words and figures as follows, to wit: FIRST PROPOSITION. For the construction of a senior high school building of brick, stone, or concrete material, and the purchasing of the (necessary site therefor. No. 1 FORM OF BOND $1,000 UNITED STATES OF AMERICA STATE OF TEXAS CITY OF BEAUMONT SCHOOL BONDS OF 1928, SERIES A. KNOW ALL MEN BY THESE PRES- ENTS: That the City of Beaumont, a municipal corporation, of the County of Jefferson, State of Texas, hereby acknowl- edges itself to owe, and for value received hereby promises to pay to bearer One Thousand Dollars in lawful money of the United States of America, on the 1st day of May, A. D. 1929, with interest on said sum from date of this bond at the rate of 41/.gr, per annum, interest payable an- nually for the first year on the 1st day of, May, 1929, and for each year thereafter payable semi-annually on the 1st day of May an don the 1st day of November of each year, in lawful money of the United States of America, as evidenced by and upon presentation and surrender of the annexed interest coupons as they severally become due. Both principal and interest of this bond a-e payable. at the office of the Director of Finance of the City of Beaumont, or at the office of the Nation- al City Bank of New York City, New York, at the option of the holder hereof. This bold is a series of 900 bonds of the denomination of $1000 each, known and called, "School Bonds of 1928, Series A" of like tenor and date except as to maturity, numbered from 1 to 900 inclusive, bonds numbered from 1 to 513 inclusive bearing interest at 41,`r per annum, and bonds numbered from 514 to 900 inclusive bear- ing Interest at 411, o per annum, aggregat- ing in amount $900,000, said bonds issued by the City of Beaumont for the purpose) ,Sq paxoeq pun "Osoglmw uoauTIS A[ papnatj Lzu 9Z I Sd�I -103 13 7pTdj 'a o� WyaNfl] -I;ds,mau all'} o� Outpa000>; `s,S�es �I I Td u0 „O.1a-OU113.l la„ qe o eld - xool gaLl; .taqunooua Lre 2u Iela:I `ouTPues 1'eaauaf) ulo.Tl ta14al Z pantaaa.l S1311 'd1I0 oalxal I LIT 3I ue ,e:all} 2LIt4L1asaId9.1 lip@dap oipa,d .I sqodaa ;o jdtaoa.I ut st qI sfo3s lamLadredshau cli--TI® arn2u,el 11stuedS `IT3quautjuoD is [av)—?Se',Sl;xay_ 'OSVcj_zH--_A_s— 4 U 01 Qf Attest: Beaumont, .............................. City Clerk of the City of Beaumont, Texas. The remaining coupons of said bonds shall be in substantially the above form, but those attached to bonds numbered from 1 to 513 inclusive shall be for the sum of $22.50. being six months' interest on said bonds, and those attached to bonds numbered from 514 to 900 inclusive shall be in the sum of $21.25, being six months' interest on said bonds; said coupons shall be payable every six months on the 1st day of May and the 1st day of November of each year after the first year. SECOND O PROPOSITION. For -the construction of a negro high school of brick, stone, or concrete material and the necessary additionns, repairs, and improvements of buildings now in use, and the purchase of addi- tional sites therefor. No. 1 FORM OF BOND $1,000 UNITED STATES OF AMERICA STATE OF TEXAS CITY OF BEAUMONT SCHOOL BONDS OF 1928. SERIES B. KNOW ALL MEN BY THESE PRES- ENTS: That the City of Beaumont, a municipal corporation, of the County of Jefferson, State of Texas, hereby acknow- edges itself to owe and for value received, hereby promises to pay to bearer One Thousand Dollars in lawful money of the United States of America, on the 1st day of May, A. D. 1929. with interest on said sum from date of this bond at the rate of 0,= - per annum, interest payable an- nually for the first .year on the 1st day of May, 1929, and for each year there- after payable semi-annually on the 1st day of Mav and on the: 1st day of Novem- ber of each year, in lawful money of the United States of America, its evidenced by and upon presentation and surrender of the annexed interest coupon as they severally become due. Both principal and interest of this bond are payable at the office of the Director of Finance of the City of Beaumont, or at the office of the National City Bank of New York City, New York, at the option of the holder hereof. This bond Is a series of 600-bonds of the denomination of $1000 each, known and called "School Bonds of 1928, Series B" cf like tenor and date except as to matur- ity. numbered from 1 to 600 inclusive, numbers 1 to 324 inclusive bearing inter- est at 41/z�n per annum and numbers 325 to 600 inclusive bearing interest at the, rate of 41;^b per annum, aggregating in amount $600,000, said bonds issued by the City of Bea.nnont for the purpose o7 making permanent city Improvements to wit: For the construction of it negro high school of brick, stone. or concrete mate- rial, and the necessary additions, repairs, and improvements of buildings now in use, and the purchase of additional sites thereof. Said bonds issued under and by virtue of the Constitution and Laws of the State of Texas and the Charter of the City of Beaumont adopted on the 30th day of December, 1919. and the power and authority granted by Sections 18 and 71 of said City Charter, and all other provisions in said charter pertaining to' the issuance of bonds, and by Chapter 147 of the Gen- eral Laws of the State of Texas, passed by the 33rd Legislature at its regular ses- sion, granting certain powers to cities of mare than 5.000 inhabitants, and by Chapter 9 of the Acts of the regular ses- ; Sion of the 37th Legislature and all amendments thereto, and all other laws of the State of Texas pertaining to and authorizing the issuance of municipal bonds, pursuant to an ordinance duly adopted by the City Commission of the City of Beaumont on. the 29th day of February, A. D, 1928, ordering an elec- tion on the 7th day of April, A. D. 1928, and a resolution of the City Commission of the City of Beaumont duly passed on the loth day of April, 1928, declaring the results of said election and in pursuance of an ordinance duly and regularly passed by the City Commission of the City of Beaumont on the 1st day of May, 1928, authorizing r. i ai,.P,.tv„e — _< TIT" rate of tax as shall be necessar and the same shall be so annually ai sessad and collected and applied and zai taxes, or so much thereof as may 1 )necessary, or such other tax as may I necessary, is hereby levied for each ,ye - hereafter while said bonds or any of that are outstanding, and the same shall I annually assessed, collected, and applie to the purpose named. All ordinances and parts of ordinance and all resolutions and parts of resoln tions inconsistent or in conflict with t1 Provisions of this ordinance are heret rescinded and repealed. And the ordi nance passed by the City Commission the City of Beaumont on the 10th day < April, 1928, entitled. "An ordinance an; thorizing and directing the issuance c serial bonds of the City of Beaumont, bear ing interest at the rate -of V/per cent pc annum, interest payable annually for th first ,year and semi-annually oil eac: Year thereafter, in the sum of $900,000 t be issued for the purpose of constructin a senior high school building of brick stone, or concrete material, and pur chasing the necessary site therefor: an authorizing and directing the issuance o serial bonds of the City of Beaumont bearing interest at the rate of 41e per cen per annum, interest payable annually fo the first year and semi-annually for eacl year thereafter, in the sum of $000,00 to be issued for the purpose of cnnstruci Ing a negro high school of brick. stop^ or concrete material, and the necessar; additions, repairs, and improvements of buildings now in use, and the purchase o additional sites therefor; providing*for th levying and collecting of the necessar• tax to pay the interest and create a shnk ing fund for the redennntion of said bond at maturity; and providing that said ordi nance shall take effect from and afte ,its passage and lawful publication; ant declaring an emergency," is hereby re pealed. Section 6. Whereas, public free school buildings o the City of Beaumont do not have suf ficient space to house the pupils of th+ Beaumont Independent School District an( adidtfonal building facilities are lnnuer ^tively needed; and whereas, said schoo buildings are in a bad state of repair one the school children are improperly house( 'and have not sufficient space available for class rooms, which creates an impera tive public necessity requiring the top that ordinances be read on three separat( days before their passage to be susp�ndee and said rule is herebv suspended and this ordinance shall be in fore and effect frorr and after its passage and lawful publica- tion. Passed this. the 1.0, dnv of Afay. A. D 1928, by the affirmative vote of all nnem� bers of the City Commission of the City of Beaumont. Anproved this, the Ist day of May, A. D 1928. E. W. GROSS, A'•— pr_of the _City of Beaumont, Texas. I. ;o iU-PTg1i .1xaquesoU aul ;o u'L''l-lr v -tl s,uatpTtLlo `aaI cluing sspI janpljo;) OIL -IGIC)LI x.IO2� h\i E 01 auI'e0 S.Ta..2LI@ssed omj Jatl sIq a)jjga 'Llol'ieLlpsap paounomi21 *Ie Jo;.7;aT pule aTlgoulogne ue pa: -tTo .IaOT;4j0 11;A1311 0LI� Pule Tl.9aagpv plat; sslq.InD qe fylpuzl J@IJV s0 -unoos u'eagglal;p 0114 3o Snoj TI pool SILT uo spu13ISI 11I2.TIA a114 LIT - ., :=.mcY nn. `vr']ttZaLLatLS_l;On%•1 LIZ �r t.. A. D. 1928. an ordinance was duly passed by the affirmative vote of all members of the City Commission of the City of Beau- mont whereby a school bond election was ordered to be held within and for the Beaumont Independent Sschool District in able May 1, 1961. - ----- ----' - Nos. 649 to 684 Inc. of $1000 each pay- able May 1, 1962. Nos. 685 to 720 Inc. of $1000 each pay- able May 1, 1963. Nos. 721 to 756.Inc. of $1000 each pay- -- ,� , nonas numbered from 1 to 513 inclusivebearing interest at 41/zryn per annum, and bonds numbered from 514 to 900 inclusive bear- ing interest at 41/4 per annum, aggregat- ing in amount $900,000, said bonds issued by the City of Beaumont for the.purpose uma daces thereof. Said bonds issued under and by virtue'of the Constitution and Laws of the State of Texas and the Charter of the City of Beaumont adopted on the 30th day of December, 1919. and the power and *uthority granted by Sections 18 and 71 of said City Charter, and all other provisions in said charter pertaining to the issuance of bonds, and by Chapter 147 of the Gen- eral Laws of the State of Texas, passed by the 33rd Legislature at -its regular ses- sion, granting certain powers to cities, of more than 5.000 inhabitants; and by Chapter 9 of the Acts of the regular ses- sion of the 37th ' Legislature and all amendments thereto, and all other laws of the State of Texas pertaining to and authorizing the issuance of municipal bonds, pursuant to an ordinance duly adopted by the City Commission of the City of i Beaumont t on, the 29th day of 7February, A. D. 1928, ordering an elec- tion on. the th day of April, A. D. 1928, and a resolution of the City Commission of the City of Beaumont duly passed on the loth day of April. 1928, declaring the results of said election and in pursuance of an ordinance duly and regularly passed by the City Commission of the City of Beaumont on the ist day of May, 1928, authorizing and directing the Issuance of said bonds, andof record on page 529 et seq., Vol. 5 of the Ordinances of the City of Beaumont. The date of this bond is the Ist day of May, 1928; and it is hereby certified, re- cited, and declared that 'all acts, condi- tions and things required to be, done and precedent to and in the issuing of these bonds have been properly done, have hap- pened and been performed in regular and due form as required by law, and that the total indebtedness of the City of Beaumont and the Beaumont Independent 'School District, including the total in- debtedness contracted by the issuance of these bonds, does not exceed the Constitu- tional or Statutory limitations. And it is hereby recited, certified, and declared that the additional tax levied and made necessary to be levied in order to provide for the interest and principal of this issue of bonds, together with the rate oftax existing at the time of the issuance ofthese bonds is within the limitations of the Constitution and Laws of the State of Texas and of the Charter of the City of Beaumont. In testimony whereof the City of Beau- mont has caused this bond to be issued and signed by its Mayor, countersigned and attested by its City Clerk, registered by the Director of the Department of Finance, and the corporate seal of the City of'Beaumont to be affixed thereto this, the 1st day of May, A. D. 1926. Mayor.of the 0ity. of ...... Beaumont, Texas. Countersigned and Attested: Beaulerk f the City of........ (Seal) Registered: Director of the Department of Finance of the City of Beau- mont. Texas. FORM OF COUPON No. 1 On the 1st day of May, A. D. I City of, Beaumont, Texas, will pay er at the office of the Director N. W. GROSS, of Beaumont, Texas.