The URL can be used to link to this page

Home My WebLink AboutOrd 214 - amending civic center bond issuance 'lr.=':r. _ n.., 1~ ..I 174. ORDINANCE NO. 214 ORDINANCE A~~NDING ORDINANCE AUTHORIZING THE ISSUANCE OF CIVIC CENTER BUJLDING BONDS. I THE STATE OF TEXAS I I COUNTY OF HARRIS I CITY OF WEST UNIVERSITY PLACE. On this, the lIth day of March; 1941, the City Commission of the City of West University Place, Texas, convened in special session at the regular meeting place thereof, with the following members present, to wit: Mayor, , Commissioner, , COIDIb.issioner, , Commissioner, , Commissioner, , City Secretary; with the following absent: None , constituting a quorum, at which time the fOlloNing business was transacted, to wit: . Commissioner A. L. Kerbow introduced a proposed ordinance' which was read in full. Commissioner do Mo Dunnington made a motion that the rule re- quiring ordinances to be read at more than one meeting be suspended. The motion was seconded by Commissioner d. A. Hersche] and carried by the following vote AYES: J. M. Dunnington, J. A. Herschel , A. L. Kerbow T. W. Woodard: and Mayor F. M. Mainous: and NOES: NONE . Commissioner J. M. DunninRton made a motion tbat the ordinance be passed finally. The mot ion was seconded by Commissioner J .A. Herschel and carried by the following vote: 'AYES: J. M. Dun- nington , J. A. Herschel. T. W. Woodard~ A. L. Kerbow; and Mayor Mainous; and NOES: NONE. The Mayor announced that the ordinance had been finally passed. The Ordinance is as follows: .l I I _J .~ r~ ~ I ~ ---- 1-7 5~ "AN ORDINANCE MRENDING ORDINANCE, HERETOFORE ADOPTED, AUTHORIZING THE ISSUANCE OF tCITY OF ~~ST UNlVERSrTY PLACE CIVIC CEI\lTER BUILDING BONDS t, IN THE AMOUNT OF $17,600.00; AND DECLARJ;NG AN EMERGENCY. U v~REAS, the City Commission of the City of West University Place, Texas, has heretofore on the 6th day of February, 1941, passed an ordinance ~uthorizing the issuance of $17,600.00 NITY OE'WEST UNIVERSITY PLACE CIVIC' CENTER BUTI, DING: BOJ:-.1DS; and WHEREAS, the City Commission of said City now deems it ad- visable and to the best interest of said City to amend said ordinance; THEREFORE, BE I'~CRDAlNED BY THE ClfJIY Cm/[MISSION OF THE CITY OF WEST UNIVERSITY PIA CE, TEXAS: I That Section 8 of the ordinance passed on the 6th day of February, 1941 be, and the same is hereby amended so as to hereafter read as follows: nSection 8. The form of said bonds shall be substantially as follows: No. $ Uh'ITED STATES OF AMERICAL STATE OF TEXAS COUNTY OF HARRIS CITY OF WEST Ul\lIVERSITY PLACE CIVIC CENTER BUILDING BOND DraW ALL ~JEN BY THESE ffiESENTS: That the City of WestUni ver- sity Place, in the County of Harris, State of Texas, FOR VALUE RECEIVED, hereby promises to pay to the bearer hereof, on the 15th day of January, 19 , the sum of ($ , ) Dol- lars, in lawful money of the United States of Ama~ica, with inter- est thereon from date hereof, a tthe rate of (10) per lZent per annUm; interest payable January 15, 1942, and semi-annually thereafter on July 15th and January 15, of each year; principal and interest payable upon presentation and surrender of bond or proper coupon a t the First Nat ional Bank of Chi cago, Chicago, Illinois, or at the Office of the State Treasurer, Austin, Texas, at the option of the holder; and the City of West University Place, Texas, is hereby held and firmly bound, and its faith and credit, and all real and personal property in said City, are hereb;)T pledged for the prompt payment of the principal of this bond and the interest thereon at maturity. . Jl ' :...:1: . .." ":"":_.::...:Jl Tr:-:i::T. !' r: . 176 This bond is one of a series of eighteen bonds, numbered from one (I) to eighteen (18), both inclusive, in the denomination of One Thousand ($1,000.00) Dollars each, except bond number one (1) ~or Six HUndred ($600.00) Dollars, aggregating Seventeen Thousand Six Bundred ($~7,6oo.00) Dollars; issued for the purpose of. con- structing a public building to be used as a civic center in and for said City, under and-i:,py"t:viture.of the Constitution and Laws of the State of Texas, the Home Rule Charter of the City of West University Place, and in pursuance of an ordinance passed by the City Commission of said City, as amended, which ordinance is of record in the Minutes of said City Commission. ; I The City of West University Place reserves the right to re- deem bonds numbers 6 to 18, both inclusive, in the inverse numerical order of their issuance, on any interest paying d ate on or after January 15, 1951, by paying principal and accrued interest 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 ciruulation in the ~mty 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 fore.E2ing paragraph applies only to bonds numbers 6 to 18, 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 ta xpaying 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, conditions and things required to be done precedent to and in the issuance of this series of bonds, and of this bond, -have been property done and performed, and have happened in regular and due time, form and manner as re- quired 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 wbi ch 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 WITNESS \~REOF, the City 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 lithographed signa- tures of the Mayor and City Secretary. The date of this bond, in conformity wi th the ordinance above 17-7 referred to, is January 15, 1941. [I Mayor, City of West University Place, Texas. COUNTERSIG11ED: City Secretary, City of West University Place, Texas REGISTERED: City Treasurer, City of West University Place, Texas 11. 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. Ill. The importance 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 interests of said City to pass this ordinance immediately, constitutes an emergency and an imperative public necessity that the rule requiring 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 immediately upon its passage and approval. PASSED AND APPROVED, this 11th day of March, 1941. M~ Place, Texas ATTEST: City Secretary THE STATE OF TEXAS I I COUNTY OF HARRIS I I, the undersigned authority, City Secretary of the City of West University Place, Texas, do hereby certify that the abo~s and foregping is a true and correct copy of an ordinance, and of the ~linutes pertaining to its adoption, adopted by the City Commis- sion of said City on the 11th day of March, 1941; that it has been peoperly enrolled, placed in the office of the City Secretary, 178 ~ ' ~ .- approved by the Mayor, and recoreed in Book 5 et seq., of the Minutes of said City Commission. Witness my hand and ~he seal of said City, this 12th day of March, 1941. , Page 90 , City Secretary, Oity of West Univers ity Place, Texas ~ I I]