HomeMy WebLinkAbout1951-0155 - Ordinance - 03/12/19513 V 0
ORDINANCE NO. 155
AMENDING AN ORDINANCE HERETOFORE PASSED BY THE CITY COUNCIL ON FEBRUARY 12,
1951, AUTHORIZING THE ISSUANCE OF $60,000 CITY OF COLLEGE STATION ELECTRIC
LIGHT, WATERWORKS AND SEWER SYSTEM REVENUE BONDS: AND DECLARING AN EMERGENCY.
WHEREAS, heretofore on the 12th day of February, 1951, the City Council of
the City of College Station, Texas, passed an ordinance authorizing the
issuance of $60,000 CITY OF COLLEGE STATION ELECTRIC LIGHT, WATERWORKS AND
SEWER SYSTEM REVENUE BONDS, dated February 1, 1951, Numbers 1 to 60, in-
clusive, in the denomination of $1,00oeach, maturing serially in the years
1952 to 1981, inclusive, but optional on February 1, 1966, or on any
interest payment date thereafter; and
WHEREAS, the City Council now deems it advisable and to the best interest of
said City that said ordinance passed on February 12, 1951, be amended;
T
1 ' �N
TEXAS:
ORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
1. That Section I of the ordinance passed by the City Council on
February 12, 1951, authorizing the issuance of $60,000 City of College
Station Electric Light, Waterworks and Sewer System Revenue Bonds, dated
February 1, 1951, be, and the same is hereby amended so as to read hereafter
as follows:
"I.
"That for the purpose of securing funds with which to build and
purchase improvements and extensions to the electric light system, and
c-nstruct improvements and extensions to the waterworks sytem and the
sewer system of said City, and pursuant to the Constitution and Statutes
of the State of Texas, including particularly Articles 1111 - 1118, both
inclusive, of the Revised Civil Statutes of Texas, 1925, as amended, and
in accordance with the election held for that purpose, there shall be issued
CITY OF COLLEGE STATION WATERWORKS AND SEWER SYSTEM REVENUE BONDS, in the
principal aggregate sum of Sixty Thousand ($60,000.00) Dollars."
2. That the form of bond as set forth in Section V, and the form
of coupon as set forth in Section VI, of said ordinance passed on Februaryl2,
1951, be, and the same are hereby amended so as to conform to the provisions
of this ordinance.
3. That, except for the provisions herein contained, said ordinance
heretofore passed on February 12, 1951, shall remain in full force and effect.
4. By reason of the fact that the City Council of the City of College
Station, Texas, considers the passage of this ordinance and the issuance
of said bonds necessary for the preservation of the public health and safety
of the citizens of said City, it is hereby declared to be an emergency
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measure demanding that the rule requiring ordinances to be read at more
than one meeting of the City Council be suspended, and that this ordinance
take effect immediately from and after its passage, and it is so ordained.
PASSED AND APPROVED, this 12th day of March, 1951.
ATTEST:
CITY SECRETARY
MAYOR, CITY OF
TEXAS
AT CON
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