HomeMy WebLinkAbout12/30/1946 - Regular Minutes - City CouncilMINUTES OF CALLED MEETING
December 30, 1946
Members present: Mayor Langford, Councilmen Ames, Brown, Crawford, Harrington,
Orr, Wilcox, City Manager Vaughn, and City Secretary McGinnis.
The prupose of the meeting was to consider and pass Bond Ordinances and Resolution
as follows:
BOND ORDINANCE NO. 94
THE ST ATE OF TEXAS
COUNTY OF BRAZOS
CITY OF COLLEGE STATION
On this the 30th day of Deeernber 11946 , the City Council of the City
of College Station, Texas, was convened in Called session at the regular meeting
place in the City Hall of Said City, with the following members present, to wit:
Ernest Langford
E. E. Ames
R. L. Brown
C. W. Crawford
M. T. Harrington
J. A. Orr
G. B. Wilcox
N. M. McGinnis
,Mayor
)Councilmen
,City Secretary
and the following absent: none , constituting a quorum, when among other
prodeedings had were the following:
Councilman 'Orr introduced a proposed ordinance. The ordinance
was read in full.
Councilman _ Orr moved that the rule requiring ordinances to
be read at more than one meeting be suspended. The motion was seconded by
Council -man Wilcox . The motion carried by the following vote:
AYES: Councilmen Ames , Brown , Crawford', Harrington ,
_ Orr , Wilcox ;
NOES: NONE
Councilman Harrington moved that the ordinance be passed finally. The motion
was seconded by Councilman Brown . The motion carried by the following votes:
AYES: Councilmen Ames , Brown , Crawford , Harrington ,
Orr , Wilcox
NOES: NONE.
The Mayor announced that the ordinance had been finally passed.
The ordinance is as follows:
AN ORDINANCE
BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, TEXAS AUTHORIZING
THE ISSUANCE OF BONDS FOR THE PRINCIPIiL SUM OF 85,000.001 FOR THE
PURPOSE OF CONSTRUCTING IMPROVEMENTS AND EXTENSIONS TO THE 'WATERWORKS
SYSTEM AND THE SANITARY SEVER SYSTEM OF SAID CITY, AND PROVIDING FOR THE
LEVY, ASSESSMENT AND COLLECTION OF TAX ON ALL THE TAXABLE PROPERTY
WI`T'HIN THE,, LIMITS OF SAID CITY TO PITY THE INTEREST AND CREATE A SINKING
FUND FOR THE REDEMPTION THEREOF: PRESCRIBING THE FORM OF BOND; AND DECLraING
AN EMERG °NCY.
WHEREAS, the City Council of the City of College Station, Texas, has here-
tofore on the 19th day of November, lc�46, adopted an order'calling an election
on the questions of the issu=;.nce of bonds of the City of College Station, Texas,
in the sum of $ 35,000.00, for the purpose of constructing improvements and
extensions to the waterworks system of said City; and the issuance of bonds of
said City in the sum of $50,000.00, for the purpose of constructing improvem6nts
and extensions to the sanitary sewer system of said City; and
WHEREAS, said election was held pursuant to said order and in accordance
with law on the 17th day of December, 1946, and resulted favorably to the
issuance of said bonds; and
WHEREAS, on the 19th day of December, 1946, the City Council adopted a
resolution canvassing the returns of said election and declaring the result
thereof; and
WHEREAS,.the City Council now deems it advisable and to the best interest
of said City to issue said City to issue said bonds as one issue of Waterworks.
and Sewer Bonds:
THEREFORE, BE IT 'RDAINED BY THi�; CITY COUNCIL OF THE CITY OF COLLEGE
STATIO j TEXAS:
F
I.
That the bonds of said City, to be Called "CITY OF COLLECTS STATION
NATERWORY.S AND SEWER BONDS, SERIES 1.947, "be issued under and by virtue of the
Constitution and laws of the State of Texas, for the purpose of constructing im-
provements and extensions to the Waterworks System and i:he Sanitary Sewer
System of said City.
II.
That said bonds shall be numbered consecutively form I. to 85, incl-usi.ve;
shall be of the denomination of One Thousand (o'l,000.00) Dollars each,
aggregating Eighty-five Thousand (85,000.00) Dollars.
�a 00209 3\
That said bo --ds shall_
be dated January 1, 194i',
and shall. mature
serially as follo>N;:�:
BOND
NUMBERS
MATURITY DATES
AMOUNTS
1 _
2
March 1, 1948
2,000
3 _
4
March 1, 1549
2.,000
5 -
7 inclusive
March 11 1950
3,000
g -
10 "
March 1., 1951
3,000
11 -
13
March 1, 1.952
31000
14 —
16 "
March 11 1953
3,000
�a 00209 3\
BOND
NUM3ERS
WiiTURITY DATES
AMOUNTS
1"/ -
20
inclusive
March 1.,
15'54
4,000
21-
24
"
March 11
1955
4,000
25 -
28
"
March 1,
1956
4,000
29 -
32
"
March 1,
1957
4,000
33 -
36
"
March 1,
1858
4,000.
37 -
40
"
March 11
1959
4,000
I.J.-
4.5
"
March 11
1960
5,000
46
50
"
March 1,
1961
5,000
51 -55
"
March. 11
1962
59000
56 -.61
°'
March 1,
1963
61000
62 -
67
It
March 11
1864
6,000
68 -
73
If
March 1_1
1965
6,000
74 -
79
if
March 1,
1966
61000
80 -
85
It
March 1.,
1967
6,000
IV.
That said bonds shall bear interest ftom date as follows: Bonds Numbers
1 to 13, inclusive, at the rate of two (2%) per cent per annum, Bonds Numbers
14 to 55, inclusive, at the rate of two and three-fourths (2-3/4%) per
annum, and Bonds Numbers 56 to 85, inclusive, at the rate of three (3%) per annum
interest payable March 1, 1948, and semi-annually thereafter on September lst
and 17arch lst in each year.
V.
Principal and interest on said bonds shall be payable upon presentation
and surrender of bond or proper coupon at First National Bank, Houston, Texas.
VI.
That each of said bonds shall be signed by the Mayor, countersigned by
the City Secretary, and the corporate seal of the City College Station, Texas,
shall be impressed upon each of them.
VII.
That the coupons attached to said bonds may be executed by the facsimile
signatures of the Mayor and City Secretary, and shall have the same effect as if
they had been signed by said officers.
NO.
a
VIII.
The form of said bonds shall be substantially as follows:
UNITED STATS{,S OF AKER.ICA
STATE OF TEXAS
COUNTY OF BRAZOS
CITY OF COLLEGE STATION 'N.ATER'WORK;S AND SEWER BOND
SERIES 1947
%6 z..
$1,000.00
0"".)Z1r0 '�2
KNOW ALL MEN BY THESE PRESENTS: That the City of College Station, in
the County of Brazos, State of Texas, a municipal corporation duly incorporated
under the lwas of the State of Texas, FOR VALUE RECEIVED, hereby promises
to pay to the bearer hereof on the lst day of March, 19 , the sum.e of
ONE THOUSAND DOLLARS
($1,000.00), in lawful money of the United States of America, with interest
thereon from date hereof at the rate of (,�) per c:nt per
annum, interest payable March 1, 1948 and semi-annually thereafter on September
1st in each year, principal and interest payable upon -;presentation and surrender
of bond or proper coupon at the First National Bank, Houston, Texas, and the
City of College Station, Texas, is hereby held and firmly .bound, and its faith
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.
This bonCt is one of a series of 85 bonds, numbered from 1 to 85, inclusiye,
of the denomination of One Thousand ($1,000.00) Dollars each, aggregating Eighty-
five Thousand ($85,000'.00) Dollars, issued for the purpose of constructing
improvements and extensions to the waterworks system and the sanitary sewer system
of said City, under and by virture of the Constitution and Waws of the State of
Texas, and in pursuance of an ordinance passed by the City Council of the City
of College Station, Texas, which ordinance is of record in the Pfinutes of the
Said City Council.
I1 IS HERELY CERTIFIED .,ND RECITED that the issuance of this bond, and
the series of which it is apart, is duly authorized by law and by a vote of the
qualified property taxpaying voters of the City of College Station, who owned
taxable property voting at an election held for that purpose within said City
on the 17th day of December, 1946; 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 properly done and performed and have happened in regular and due
til;:e, form and manner as required b;; 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
m
as the sae shall become due; and that the total indebtedness of said City of
College Station, including, the entire series of bonds of which this is one, does
not exceed any constitutional or statutory limitation.
IN WITNESS 77HEREOF, the City of College Station, by its City Council
has caused its corporate seal to be affixed hereto, and this bond to be signed
by its Mayor, countersigned by its City Secretary, and the interest coupons hereto
attached to be executed by the facsimile signatures of the Mayor and City
Secretary; the date of this bond, in conformity with the ordinance above
referred to, being the lst day of January, 1947.
Ernesh Langford
Signed, Mayor,City of College Station,
COUNTERSIGNED: N. M. McGinnis
Signed, City Secretary
Ix.
The form of coupon shall be substantially as follows:
NO.
/off
cull ,��
On the 1st day of
, 19 ,
The City of College Station, Texas, promises to pay to bearer at the
First National Bank, Houston, Texas, tl,e sum of
Dollars, in lawful money of the United States of America, being
months) interest on the CITY OF COLLEGE STATION WATERWORKS AND SEWER BOND,
SERIES 1947, dated January 1, 1947, No. .
Ernest Langford, Mayor
Signed
N. M. McGinnis City Secretary
Signed
X.
Substantially the following certificate shall be printed on the back of
each bond:
OFFICE OF COMPTROLLER
STATE OF TEXAS
I 111'iNEBY CERTIFY that there is on file and of record in my office a certificate
of the A"torney 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 Constitutiorn;.and laws of the State of Texas, and that
it, is a valid and binding obligation upon waid City of College Station, Texas,
and that said bond has this day been registered by me.
WITNESS MY H.iND AND seal of off ice, at Austin, Texas, this .
Comptroller of Public. Accounts of
The State of Texas.
XI.
IT IS FURTHER ORDAINED by the City Council of the City of College Station,
that while said bonds, or any of them, are outstanding and unpaid, there shall
be annually levied, assessed and collected, in due time, form and manner, a
tax upon all the taxable property in said City of College Station, sufficient to
pay the current interest thereon and create a si,�king fund sufficient to pay each
installment of the principal as the same becomes due, and to pay the interest
on said bonds for the first year and to create a sinking fund with which to pay
the principal as the same becomes due, there is hereby levied a tax of 41
Cents on each $100.00 valuation of taxa.)le property in said City for the year
1947, and the s•me shall be assessed and collected and applied to the purpose
named; and while said bonds, or any of them, are outstanding and umpaid, a tax
for each year at a rate from year to year, as will be ample and sufficient to
provide funds to pay the current interest on said bonds and to provide the
necessary sinking fund, full allowance being made for delinquencies and costs of
collection, shall be , and is hereby levied for each year, respectively, while
(, said bonds, or any of them, are outstanding and unpaid, and siad tax shall each
year be assessed and collected and applied to the payment of the interest on,
and principal. of, said bonds.
XII.
It is further ordained that the Mayor of said City shall be authorized to
take and have charge of all necessary records pending i.nvest.i.g«tion by the
Attorney General and shall take and have charge and control of the bonds herein
authorized pending their approval by the Attorney General and registration by
the Comptroller of Public Accounts.
XIII.
It is further ordained that all ordinances and parts of ordinances in
conflict herewith are hereby expressly repealed.
XIV.
The fact that the City of College Station, Texas, is badly in need of the
improvements herein contemplated, and said improvements will be to the best interet
and general welfare of the said City creates an emergency and an imperative
public necessity that the rule requiring ordinances to be read at more. that one
meeting of +he City Council. before final. passage be suspended, and that this
ordinance take effect and bean full force and effect immediately from and
after its passage at this meeting, and it is so ordained.
PASSED AND APPROVED, this 30th day of December , 19_4.6
Ernest Langford, Mayor
Signed
ATTEST:
N. M. McGinnis, City Secretary
Signed
BOND ORDINANCE NO. 95.
THE STATE OF TEXAS
COUNTY OF BRAZOS
CITY OF COLLEGE STATION
On this the 20th day of December , 1946, the City Council. of the
City of College Station, Texas, was convened in called session at the
regular meeting place in the City Hall of said City, with the following members
present, to wit:
Ernest Langford Mayor
E. E. Ames
R. L. Brown )
C. W. Crawford )
M. T. Harrington) Councilmen
J. A. Orr )
G. B. Wilcox )
N. M.MCGinni.s, City Secretary
0 )2U3
and the following absent: None _ __, constituting a quorum, when
among other proceedings had were the following:
`Council maft Crawford introduced a proposed ordinance. The
ordinance was read in full.
Councilman Crawford moved that the rule requiring ordinances to be read
at more than one meeting be suspended. The motion was seconded by Councilman
Orr The motion carried by the following vote:
AYES: Councilmen Ames, Brown_ , Crawford , Harr.inaton , Orr ,
Wilcox �
NOES: NONE
Councilman Ames moved that the ordinance be passed f inal.l.,r. The motion
was seconded by Councilman Crawford—. The motion carried by the following vote:
AYES: Councilmen Ames , Brown , Crawford, Harrington_, Orr , Wilcox ;
NOES: None
The Mayor announced that the ordinance had been finally passed.
The ordinance is as follows:
AN ORDINANCE
BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, TEXaS, AUTHORIZING
THE ISSUANCE, OF BONDS FOR THE PRINCIPAL SUM OF SP15,000.00, FOR THE PURPOSE
OF CONSTRUCTING IMPROVEMENTS AND EXTENTTSIONS TO THE ELECTRIC LIGHT SYSTEM
OF SiiID CITY; AND PROVIDING FOR THE LEVY, ASSESSMENT AND COLLECTING OF A
TAX ON ALL THE TAXABLE PROPERTY 'WI'T'HIN 'TiiE LIMITS OI' SAID CITY TO PAY THE
INTEREST AND CREATE a SINKING FUND "FOR THE, REDEIMP'T'ION ON THEREOF; PRL -6
SCRIBING THE FORivi OF BOND; AND DECLARING AN EMERGENCY.
WHEREAS, the City Council of the City of College Station, Texas, has hereto-
fore on the 19th day of November, 19/6, adopted an order calling an election on
the cue;. -,tion of the issuance of bonds of the City of College Station, Texas, in
the sum of $15,000.00, for the purpose of constructing improvem6nts and extensions
to the electric .light system of said City; and
WHEREAS, said election was held pursuant to said. order and in accordance
,rrith law on the 17th day of December, 1946, and resulted favorably to the
issuance of said bonds; and
WHEREAS, on the 19th day of December, 1946, the City Council adopted a re-
solution canvassing the returns of said eledtion and declaring the result thereof;
and
WHEREAS, the City Council now deems iI: advi.sablo to proceed with the
issuance of said bonds;
THEREFORE, BE IT ORDAINED Bj: THE CITY COUACIL OF THE CITY OF COLLEGE STATION
TEXAS:
Jo 6
0OZ14 �v
I.
That the bonds of said Gity, to be called "CITY OF COLLEGE STATION ELECTRIC
LIGHT SYSTEM BONDS, SERIES 1947," be issued under and by virtue of the Constitution
and laws of the State of Texas, for the purpose of constructing improvements and
extensions to the Electric Light System, of said City.
II.
That said bonds shall be nvmrbered consecutively from 1 to 15, inclusive;
shall be of the denomination of One Thousand ($1,000.00) Dollars each, aggregating
Fifteen Thousand (15,000.00) Dollars.
III
That said
bonds bhall be dated January 12 1947,
and shall mature serially
as follows:
BONDNUMBER
MATURITY
DATES
AMOUNTS
1.
March
1,
1948
120 00.00
2
March
1,
1949
12000.00
3
March
1,
1950
11000.00
4
March
12
1951
12000.00
5
March
12
1952
11000.00
6
March
1,..1953
12000.00
7
March
12
1954
12000.00
8
March
1,
1955
11000.00
9
March
1,
1956
11000.00
10
March
1,
1957
11000.00
11
March
11
1958
12000.00
12
March
1,
1959
12000.00
13
March
12
1960
11000.00
14
March
1,
1961
1,000.00
15
March
1,
1962
11000.00
IV.
That said bonds shall bear interest from date as follows;- Bonds Numbers
1 to 5, inclusive, at -the rate of two(2o) per cent per annum, and Bonds Numbers
6 to 15, inclusive, at the rate of two and three-fourths (2-341) per cent per
annum; interest payable March 11 1948 and semi-annyally thereafter on September
1st and March lst in each year.
V.
Principal and interest on said bonds shall be payable upon presentation and
surrender of bond or proper coupon at First National Bank) Houston, Texas.
VI.
That each of said bonds shall be signed by the Mayor, counctersigned by
the City Secretary, and the corporate seal of the City of College Station, Texas,
shall be impressed upon each of them.
VII.
That the coupons attached to said bonds may be executed by the facsimile
signatures of the Mayor and City Secretary, ands:sha.11 have the same effect as if
they had been signed by said officers.
NO.
VIII.
The form of said bonds shall be substantially as follows:
UNITED STATES -OF AMERICA
STATE OF TEXAS
COUNTY OF BRAZOS
CITY OF COLLEGE STATION ELECTRIC LIGHT SYSTEM BOND
SERIES 1947
$1,000.00
KNOW ALL MEN BY THESE PRESENTS: That the City of College Station, in the
County of Brazos, State of Texas, a municipal corporation duly incorporated
under the laws of the state of Texas, FOR VALUE RECEIVED, hereby promises to pay
to the bearer hereof on the 1st of March, L9 , the sum of
ONE THOUSAND DOLLARS
($1,000.00), 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 March 1, 1940 and semi-annually thereafter on September 1st
and March 1st in each year, principal and interest payable upon presentation and
surrender of bond or proper coupon at the First National Bank, Houston, Texas,.
and the City of College Station, Texas, is hereby held and firmly bound, and
its faith 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.
This bond is one of a series of 15 bonds, numbered from 1 to 15, inclusive,
of the denomination of One Thousand ($1,000.00) Dollars, issued for the prupose
of constructing improvements and extensions to the electric light system of
said City, under and by virtue of the Constitution and Laws of the State of Texas,
and in pursuance of an ordinance passed by the City Council of the City of College
Station, Texas, which ordinance is of record in the Minutes of the said City
Council.
IT IS HEREBY CERTIFIED AND RECIT D THATthe issuance of this bond, and the
series of which it is a part, is duly authorized by law and by.a vote of the oualified
property taxpaying voters of the City of College Station, who owned 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 17th day of December, 1946; 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 properly done and performed
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 College Station, including the entire series
of bonds of which this is one, does not exceed any constitutional or statutory
limitation.
IN WITNESS WHEREOF, the City of College Station by its City Council., has
caused its cornorate seal to be affixed hereto, and this bond to be signed by
its Mayor, countersigned by its City Secretary, and the interest coupons hereto
attached to be executed by the facsimile signatures of the Mayor and City
Secretary; the date of this bond, in conformity with the ordinance above re-
ferred to, being the lst day of January, 1947.
Ernest Langford,, Mayor
Signed
COUNTERSIGNED: N. M. McGinns, City Secretary
Signed
IX.
The form of coupon shall_ be substantially as follows:
NO.
On the 1st day of
-! i9 •
The City of College Station, Texas, promises to pay to bearer at the First
National Bank, Houston, Texas, the sum of _(_) Dollars,
in lawful money of the United St1.tes of America, being__ _____ months" interest
on the CITY OF COLLEGE STATION ELECTRIC LIGHT SYSTEM BOND, SERIES 1947, dated
January 1, 1947, No.
Ernest Langford, Mayor
Signed
N. M. McGinnis, City Secretary
Signed
X.
Substantially the following certificate shall be printed on the back of
each bond:
OFFICE OF COMPTROLLER
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 College
Station, Texas, and that said bond has this day been registered by me.
WITNESS MY HAND and seal of office, at Austin, Texas, this
Comptroller of Public Accounts of
The State of Texas
XI.
IT IS FURTHER ORDAINED by the City Council of the City of College Station,
that while said bonds, or any of them, are outstanding and unpaid, there shall
be annually levied, assessed and collected, in due time, form and manner, a
tax upon all the taxable property in said City of College Station, sufficient
to pay the current interest thereon and create a sinking fund sufficient
to pay each installment of t;ae principal as the some becomes due, and to pay
the interest on said bonds for the first year and to create a sinking fund
with which to pay the principal as the same becomes.due, there is hereby levied
a tax of 12 Cents on each $100.00 valuation of taxable property in sciAd City
for the year 1947, and the same shall be assessed and collected and applied to
the purpose named;.and whi16 said bonds, or any of them, are outstanding and
unpaid, a tax for each year at a rate from year to year, as will be ample and
sufficient to provide funds to pay the current interest on said bonds and to
provide funds to pay the current interest on said bonds and to provide the necessary
sinking fund, full allowance being made for delinquencies and costs of collection,
shall be, and is hereby levied for each year, respectively, while said bonds,
or any of them, are outstanding and unpaid, and s,:.id tax shall each year be
assessed and collected and applied to the payment of the interest on, and principal,
of said bonds.
XII.
It is further ordained that the Mayor of said City shall be authorized
to take and have charge of all necessary records pending investigation by the
Attorney General and shall tt,11e and have charge and control of the bonds herein
authorized pending their Comptroller of Public Accounts.
XIII.
It is further ordained that all ordinances and parts of ordinances in conflict
herewith are hereby expressly repealed.
XIV.
The fact that the City of College Station, Texas, is badly in need of the
improvements herein contemplated, and said improvements will be to the best
interest and general welfare of the said City creates an emergency and an im-
perative public necessity that the rule requiring ordinances, -to be read at more than
one meeting of the City Council before final passage be suspended, and said
rule is hereby suspended, and that this ordinance take effect and be in full force
and.effect and be in full force and effect immediately from and after its passage
at this meeting, and it is so ordained.
PASSED 1iND APPROVED, this 30th day of December , 194-6.
ATTEST:
N. M. McGinnis, City Secretary
Signed
Ernest Langford,_ Mayor__
Signed
RESOLUTION AWARDING SALE OF BONDS
THE STATE OF TEXAS
COUNTY OF BRALOS
CITY OF COLLEGE STATION
On this the 301h day of DecembaL, 1.92-,-6, the City Council of the City of
Coll -ego Station, Texas, convened in Special session at the regular meeting
place therof with tL; he foll.owinmembers present, to -wit:
ErnestLangford,
E. E. xmc s )
R. L. .Brown )
C. W. Crawford )
M. T. Harrington )
J. A. Orr )
C. B. Wilcox
N. Ni. 1iicGinnis,
Mayor
Councilmen
City Secretary
and the following absent; None , constituting a quorum, at which time the
following, among other business, was transacted:
Councilman Brown introduced a resolution and moved its adoption. The
motion was seconded by Councilman Ames.
The motion, carrying with it the adoption of the resolution, prevailed
by the following vote:
AYES : Councilmen Ames, Brown , Crawford_, Harrington . Orr , Wilcox;
NOES : NONE
The resolution is as follows:
RESOLUTION
AWARDING SALE OF CITY OF COLLEGE STATION W�iTERWORKS i,ND SEWER
BONDS AND CITY OF COLLEGE STATION ELECTRIC LIGHT SYSTEM BONDS
TO MORONEY, BEISSNER & COMPtLNY AND ROWLES & COMPANY
-VHF ,AS, the City Council of the City of College Station, Texas, has
heretofore received bids on 05,000 CITY OF COLLEGE STATION WATERWORKS AND
SEWER BONDS, SERIES 1917, dated January 1, IQ47, and $15,000 CITY OF COLLEGE
STATION ELECTRIC LIGHT SYSTEM BONDS, SERIES 1947, dated January 1, 1947; and
WHEREAS the joint beid of Moroney, Beissner & Company and Rowles & Cogtpany
of Houston, Texas, at a price of par and accrued interest, was the highest and
best bid submitted for said bonds; and
WHEREAS, the City Council deems it advisable and to the best interest
of the City of College Station to sell said bonds jointly to said Moroney,
Beissner & Company and Rawles & Company;
ThMI E ORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY 0.1- COLLEGE
STATION, TEXAS:
That the joint bid of Moroney, Beissner & Company and Rowles & Company,
of Houston, Texas, on $85,000 CITY OF COLLEGE STATION WATERWORKS AND SE'NER
BONDS, SERIES 1947, and $15,000 CITY OF COLLEGE STiiTION ELECTRIC LIG-11T
SYSTEM BONDS, SERIES 1947, dated January 1, 1947, be, and the same is hereby
accepted.
That the Mayor and City Secretary are hereby authorized, directed and
instructed to do all things necessary to deliver said bonds to said Moroney,
Beissner & Company and Rowles & Company, at a price of par and accrued interest.
ADOPTED AND aPPROVED this 0th da Decembe• 1946.
Mayor, City of College '.on, Texas
.ATTEST:
Ci:t;� secretary