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ORD CC 11/04/47 - Fire Station (2)THE STATE OF TEXAS 0 COUNTY OF WALKER CITY OF HUNTSVILLE 0 BE IT REMEMBERED that on the 4th day of November, 1947, the City Council of the City of Huntsville, Texas convened in regular session at its meeting place at the City Hell and Fire Station in said city, all of the members of the council being present, and having attended to the routine business coming on for consideration recessed; that said council regulErly recon- vened at an adjourned session on November 26 , 1947 at the City Hall and Fire Station in said city, with the following members pres- ent, namely: Wilbourn S. Gibbs, Mayor, J. 0. Thompson, J. N. Scar- borough, W. T. Robinson, Wilbur L. SmitheL, and Sam Robbins , Aldermen, being present, when, among other proceedings had, the following ordinance was passed: "AN ORDINANCE AMENDING SECTION 11 OF AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF HUNTSVILLE, TEXAS, DATED NOVEMEER 4, 1947, ORDERING THE ISSUANCE OF $50,000.00 OF a2REET TMPRO 'UTT RnnTT OF SLID CITY, TO PROVIDE FOR THE LEVY, ASSESSMENT AND COLLECTION OF A TLX OF FIFTEEN (15' ) CENTS ON THE ONE HUNDRED DOLLARS VALUATION OF ALL TAXABLE PROPERTY WITHIN THE LIMITS OF SAID CITY TO PAY THE INTER- EST AND CREATE A SINKING FUND FOR THE REDEMPTION THEREOF; APPROPRIATING MONEY OUT OF THE AVAILABIE REVEN[TLS ON HAND TO PAY THE INTEREST ON SAID BONDS DUE ON JUNE 1, 1948 AND ON DECEMBER 1, 1948; AND DECLARING AN EMERGENCY." Alderman Robinson moved the ordinance be placed on its first reading, seconded by Alderman Scarborough, and carried by the following vote: AYE: Robinson, Scarborough, Thompson, Smither and Rob- bins NO: None. Cprr.ied; ordinance passed on first reading. Alderman Thompson moved that the rules be suspended end that the ordinance be placed on second reading; seconded by Alderman Robinson, and carried by the following vote: AYE: Robinson, Scarborough, Thompson, Smither rnd Rob- bins NO: None. Carried, ordinance placed on second reading. Alderman Scarborough moved that the ordinance pass second reading; seconded by Alderman Thompson, and carried by the following vote: AYE: - Robinson, Scarborough, Thompson, Smither and Rob- bins NO: None. Carried; ordinance passed second reading. Alderman Robinson moved that tine ordinance pass third and final reading; seconded by Alderman Thompson, and carried by the following vote: AYE: robinson, Scarborough, Thompson, Smither and Rob- bins NO: None. ?Mayor Gibbs then declared the ordinance finally passed. The ordinance follows: "AN ORDINANCE AMENDING SECTION 11 OF AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF HUNTSVILLE, TEXAS, DATED NOVEMBER 4, 1947, ORDERING THE ISSUANCE OF $50,000.00 OF STREET IMPROVEMENT BONDS OF SAID CITY, TO PROVIDE FOR THE LEVY, ASSESSMENT AND COLLECTION OF A TAX OF FIFTEEN (15¢) CENTS ON THE ONE HUNDRED DOLLARS VALIDATION OF ALL TAXABLE PROPERTY WITHIN THE LITIITS OF SAID CITY TO PAY THE INTER- EST AND CREATE A SINKING FUND FOR THE REDEI!TION THEREOF; APPROPRIATING MONEY OUT OF THE AVAILABLE REVENUES ON HAND TO PAY THE INTEREST ON SAID BONDS DUE ON JUNE 1, 1948 AND ON DECEMBER 1, 1948; AND DECLARING AN EMERGENCY." Section 1: That Section 11 of en ordinance of the City Council of the City of Huntsville, Texas dated November 4, 1947, ordering the issuance of Fifty Thousend ($50,000.00) Dollars of street improvement bonds of said city be and the same is hereby amended so as to reas as follows: "Section 11: It is further ordained by the City Council of the City of Huntsville, Texas, 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 of the taxable property of said City of Huntsville, sufficient to pay the current interest t'_ereon and to create a sinking fund of at least two (2%) per cent and sufficient to pay each installment of the principal as the some becomes due, in accordance with the mandates of the Laws and Constitution of the State of Texas. To pay the interest on said bonds for the first year and to create a sinking fund with which to pay the principal es the same becomes due, in accord- ance with the Laws and Constitution, there is hereby lev- ied a tax of fifteen (15) cents on each One Hundred Dol- lars valuation of taxable property in said city for the year 1948, and the same shall be assessed and collected and applied to the purpose named; and while said bonds, or any of them, ere outstanding and unpaid, a tax for each year at a rate from year to year, as will be ample and suf- ficient to provide funds to pay the current interest on said bonds and to provide the necessary sinking fund, full allow- ance 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 un- paid, and said tax shall each year be assessed and col- lected and applied to the payment of the interest on and . principal of said bonds. Out of the revenues of the City of Huntsville now on hand there is hereby appropriated the sum of Six Hundred Sixty Five ($665.00) Dollars, which said sum shall be and is hereby ordered to be set aside for the purpose of paying the interest on said bonds due on June 1, 1948, and a like amount is hereby appropriated out of the revenues of the city now on hand, which sum shall be and is hereby ordered to be set aside for the purpose of paying the in- terest on said bonds due on December 1, 1.943." Section 2: The fact that the fttorney General of the State of Texas, before approving the bond record and bonds, has required that Section 11 of said ordinance be amended so as to provide for a specific tax levy for the year 1948, creates an emergency and an imperative public necessity that the rule recuiring ordinances to be read on three separate deys before final passage be suspended, and such rule is hereby suspended, and it is ordained that this ordinance shell take effect and be in full force immediately after its passage and approval. The above and foregoing ordinance, upon motion duly made and seconded, was adopted by the unanimous vote of said council, and is approved by the Mayor, in open council, this the 26th day of November, 1947. ATTEST: CITY SECRETARY MAYOR, CITY OF HUNTSVILLE, TEXAS