HomeMy WebLinkAboutOrd 213 - amending sewer bonds issuance
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ORDINANCE NO. 213
ORDINANCE AMENDING ORDINANCE AUTHORIZING THE ISSUANCE
OF STORM SEWER BONDS
THE S TATE OF TEXAS I
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COUNTY OF HARRIS I
CITY OF WEST UNIVERSITY PLACE, TEXAS.
On this, the 11th day of March, 1941, the City Commission
of the City of West University Place, Texas, convened in special
session at the re gular meeting place thereof, with the following
members present, to wit:
, Mayor,
, Commissioner,
, Commissioner,
, Commissioner,
, Commissioner,
, City Secretary;
with the following absent: None , constituting a quorum,
at which time the following business was transacted, to wit:
Commissioner A. L. Kerbow introduced a proposed ordinance
which was read in full.
Commissioner J. M. Dunnington made a motion that the rule
requiring ordinances to be read at more than one meeting be sus-
pended. The motion was seconded by Commissioner J. A. Herschel
and carried by the following vot.e: AYES: J. M. Dunn;i.n~ton~
J. A. Herschel, A. L. Kerbow , T. W. Woodard ; and iayor
F. M. Mainous: and
NOES: NONE .
Commissioner J., M. Dunnington made a motion that the ordi-
nance be passed finally. The motion was seconded by Commissioner
J. A. Herschel and carried by the follovnng vote: AYES:
J. M. Dunnington, J. A. Herschel , T. W. Woodard, A. L. Kerbow:
and Mayor F. M. Mainous; and NOES: NONE.
The Mayor announced that the ordinance had been finally
passed. ,The ordina nce is as follows: '
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It AN ORDINANCE
AMEJ\1DING AN ORDINANCE, HEREID;FORE ADOPTED, AUTHORIZING THE
ISSUANCE OF 'CITY OF WEST UNIVERSITY PLACE STORM SEWER
BONDSt, IN THE A]JICUNT OF $182 ,400. 00; AND DECLARING AN
ID.lliRGENCY. n
VffiEREAS, the City Commission of the City of West University
Place, Texas, has heretofore on the 6th day of February, 1941,
passed an ordinance authorizing the issuance of $182,400.00 CITY
OF WEST U11IVERSITY PLACE STORM SE\ftJER B01:TDS; and
WHEREAS, the City Commission of said City now deems it
advisable and to the best interest of said City to amend said
ordinance; ,
TElEREFORE, BE IT ORDAINED BY THE CITY C01tJMISSION OF THE CIT{
OF vIlE ST UNIVE ~SITY PLACE, TEXAS:
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That Section 8 D~ the ordinance passed on the 6th day of
February, 1941 be, and the same is hereby amended so as to here-
after read as follows:
"Section 8. The form of said bonds shall be substantially
as follows:
NO. $
UNTTED STATES OF AMERICA:.
STATE OF TEXAS
COUNTY OF HARRIS
CITY OF WEST UNlVER3 ITY PLACE STORM SE1NER B01.TD
KNOW ALL MEN BY THESE PRESENTS: That the City of we st
University Place, in the Countyof' Harris, State of Texas, FOR
VALUE RECEIVED, hereby promises to pay to the beare,r hereof, on,
the 15th day of January, 194 , the sum of ($ )
Dollars, in lawful money of the United States of America, with
interest thereon from date hereof, at the rate of (--!)
per cent per annum; interest payable January 15, 1942, and se~i-
annually thereafter on July 15th and January 15th of eac~ year;
principal and interest payable upon presentation and surrender
of-;bond or proper coupon at the First National Bank of Chicago,
Chicago, Illinois,or at ~theOffice of the State Treasurer, Austin,
Texas, at the optlon of the holder; and the City of West University
Place, Texas, is hereby held and firmly bound, and its ~aith and
credit, and all real and personal property in said City, are
hereby pledged for the prompt payment of the principal' of this bond
and the interest thereon at maturity.
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This bond is one of a series of One hundred and eighty-three
bonds, numbered from one (l) to one hundred -and eight:{-three (18';)
both incl usi ve, in the de nomina tion of One Th?usand ($l, 000. 00)
Dollars each, except bond number tWQ (2) for Four Hundred ($400.00)
Dollars aggregating One Hundred Eighty-two Thousand Four Hundred
($182,400.00) Dollars; issued for the purposecof constructing
storm sewers and d.rainage structures in and for said City, under
and by virtue of the Constitution and Laws of the state of Texas,
the Home Rule Cba rter of the City of West University Place, and
in pursuance of an ordinance passed by the Oity Commission of said
City, as amended, which ordinance is of record in the Minutes of
said City Oommission.
The Oity of West University Place,reserves the right.to
redeem bonds numbers 58 to 183, both inclusive, in the inverse
numerical order of their issuance, on any interest paying date
on or after January 15, 1951, by paying principal and accrued in-
terest thereon, and in the event same are called for payment prior
to their maturity, notice thereof shall be given by publication in
a newspaper of general circulation in the City of West University
Place, such notice to be published at least one time thirty days
prior to the date fixed for their redemption; and all bonds not
presented for payment on the date so fixed for their redemption,
shall cease to bear interest from and after the date fixed for
their redemption.
(NOTE TO PRINTER: The- foregoing paragraph applies only to bonds
numbers 5B to 183, both inclusive~. _
IT IS HEREBY CERTIFIED AND RECITED that the issuance of this bond,
and of the series of which it is a part, is duly authorized by
law and by a vote of the qualified property taxpaying voters of
the City of West University Place, Texas, who own taxable property
in said City, and who had duly rendered the same for taxation;
voting at an election held for that purpose within said City, on,
the 14th day of January , 1941 ; that all acts, condi ti ons and things
required to be done precedent to and in the issuance of this
series of bonds, and of this bond, hav.e been property done and per-
formed, and have happened in regular and due time, form and manner
as required by law; that sufficient and proper provision for the
levy and collection of taxes has 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
that the total indebtedness of said City_of West University Place,
including the entire series of bonds of which this is one, does
not exceed any constitutional or statutory limitation.
IN VITTNESS WHEREOF, the Oity of West University Place, by its
City Commission, has caused its corporate seal to be 'affixed here-
to, and this bond to be signed by its Mayor, countersigned by its
City Secretary and registered by its City Treasurer; and the
interest coupons, hereto attached, to be executed by the Ii tho-
graphed signatures of the Mayor and CitySee~etary.
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The date of this bond, in conformity with the ordinance
above referred to, is Jamuary 15, 1941.
Mayor, eity of West University
Place, Texas.
COUNTERSIGNED: '
City See~etary, City 9f West
University Place, Texas.
REGISTERED:
City Treasurer, City of West
University Place, Texas
That said ordinance passed on the 6th day of February,
1941, be, and the same is in all other respects hereby ratified
and confirmed, save and except as hereinabove amended.
III
The impD~tance of this measure, and its intent and purpose
being.declared to be for the immediate preservation of the public
business of the City of West University Place, and it being to
the financial inte~ests of said City to pass this ordinance
i~ediately, constitutes an emergency and an imperative public
necessity that the rule re~uiring ordinances to be read at more
than one meeting of the City Commission be suspended,and it is
ordained. that this ordinance take effect and be in force im-
media tely upon its passage and approval.
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P.ASSED,AND APPROVED, this
lIth day of March, 1941.
M~~itY
Place, Texas.
ATTEST:
City Secretary
THE STATE OF TEXAS t
t
COUNTY OF HARRIS I
CITY OF WEST UNlVE..R 81 TY PLAtE.
I, the undersigned authority, City Secretary of the City
of West Universi tyPla'ce, Texas, do hereby certify that the
above and foregoing is a true and' correct copy of an ordinance,
and of the minutes pertaining to its adoption, adopted by the
City Comnussionof said City on the ~ day of N~rch, 1941;
that it h~s~een properly enrolled, placed in the office of the
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City Secretary, approved by the Mayor, and recorded in Book -
5 , Page 90 , et seq., of the Minutes of said City
Commission.
Witness my hand and the seal of said City, this 12 day'
of March, 1941.
City Secretary, City of West
University Place, Texas
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