ORD CC 01/07/1941 - Waterworks System Improvements AN ORDINANCE AUTHORIZING WATERWORKS
SYSTEM IMPROVEMENTS AND THE ISSUANCE
IB OF TIME WARRANTS IN PAYMENT THEREOF
The City Council of the City of Huntsville,
Texas, met in regular session on the 7th day of
January, A.D. 1941, with the following named officers
and persons present:
E. C. Stiernberg, Mayor
71. X. Hill
W. T. Robinson
L. A. Northingtor
Vittor Randel
Wilbor Smither
g Mr. Robinson introduced an ordinance
4 entitled:
"AN ORDINANCE MAKING PROVISION FOR THE CON-
1, STRUCTION OF I14!PROVEMENTS TO THE WATERWORKS
SYSTEM OF TIM CITY OF HUNTSVILLE, TEXAS;
PROVIDING FOR THE CITY TO CO-OPERATE WITH
THE WORKS PROGRESS ADMINISTRATION IN THE
1 CONSTRUCTION OF SUCH WATERWORKS SYSTEM
p1 II11PROVEVENTS; PROVIDING FOR THE ISSUANCE
ry OF 50,000.00 TIME WARRANTS OF SAID CITY,
BEARING 2-3/4% INTEREST, IN PAYMENT THERE-
FOR; PROVIDING FOR THE LEVY AND COLHECTION
OF TAXES ON ALL TAXABLE PROPERTY IN SAID
CITY SUFFICIENT TO PAY THE INTEREST ON SUCH
WARRANTS AS IT ACCRUES AND THE PRINCIPAL
THEREOF AT MATURITY; PROVIDING FOR THE
'MANNER AND MEANS OF DELIVERING SAID WARRANTS,
AND DECLARING AN EMERGENCY."
The ordinance was read in full and it was moved
by Mr. Robinson and seconded by Mr,
Randel that the rules be suspended
and that it be passed on first reading, which motion was
666 carried by the following vote: Ayes, Robinson, Hall,
Notthington, Rar.del e- Smither Noes, none.
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The ordinance was read a second time in full and
it was moved by Mr. Randel and se-
conded by Mr. Robinson that the rules
be suspended and that it be passed on second reading,
which motion was carried by the following vote: Ayes,
Robinson, Hall, Northinvton. Randel & Smither
Noes, none.
Mr. Hall then moved that the
rules be suspended and that the ordinance be finally
passed, which motion was seconded by Mr. Randel °
and carried by the following vote: Ayes, Robinson
Hall, Northington, Randel, NC Smither Noes, none*
Thereupon, the Mayor declared the ordinance fin-
ally passed. The ordinance follows:
AN ORDINANCE MAKING PROVISION FOR 17TE
CONSTRUCTION OF IMPROVEMENTS TO THE WATER-
!YORKS SYSTEM OF THE CITY OF HUNTSVILLE,
TEXAS; PROVIDING FOR THE CITY TO CO-OPERATE
WITH THE WORKS PROGRESS ADMINISTRATION IN
THE CONSTRUCTION OF SUCH WATERWORKS SYSTEM
I14IPROVIKENTS; PROVIDING FOR THE ISSUANCE OF
X50,000.00 TIME WARRANTS OF SAID CITY, BEAR-
ING 2-3/4;% INTEREST, IN PAYMENT THEREFOR;
PROVIDING FOR THE LEVY AND COLLECTION OF
TAXES ON ALL; TAXABLE PROPERTY IN SAID CITY
SUFFICIENT TO PAY THE INTEREST ON SUCH
WARRANTS AS IT ACCRUES AND TrIE PRINCIPAL
THEREOF AT MATURITY; PROVIDING FOR THE
MANNER AND MEANS OF DELIVERING SAID WAR-
RANTS, AND DECE.LRING AN EMERGENCY.
WHEREAS, on the _LLthday of December, 1940, The
City Council of the City of Huntsville, Texas, adopt-
ed a resolution authorizing the 'Mayor of said City
to give notice that bids will be received on the 6th
day of January, 1941, for the purchase of the follow-
ing described materials, to-wit:
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(1) 400,000 Gallon elevated water tank and tower;
(2) 568 feet of 12" Cast Iron Pipe;
(3) 7,395 feet of 10" Cast Iron Pipe;
(4) 3,217 feet of 8" Cast Iron Pipe;
(5) 13, 112 feet of 6" Cast Iron Pipe;
(6) 2,000 feet of 2" Cast Iron Pipe;
(7) Miscellaneous parts and necessary fittings,
to be used in the construction of improvements to the
City's Waterworks System, wherein notice was also given
of the intention of the City of Huntsville to make pay-
went therefor by the issuance of time warrants in the
maximum amount of Fifty Thousand Dollars (050,000.00),
bearing interest at the rate of two and three-quarters
per cent (2-3/4%) and maturing serially with a maximum
maturity date of December 31, 1952, which said improve-
ments are to be made in co-operation with the Works
Progress Administration of the United States Government;
and
WHEREAS, said notice was given by the Mayor of said
City for the time and in the manner provided by law. and
WHEREAS, bids for furnishing the materials above
described have been this day received and contracts have
been awarded and entered into by the City Council of
the City of Huntsville and. the lowest and best bidders
are as follows, to-wit:
P ttsbargh-Des Moines Steel Company--400,000 gallon tank
Drawing Design WT-- 40825------------------ $23,000.00
American Cast Iron Pipe Company
568' - 12" B&S Mono-Cast Centrifugal Pipe
Class 150, 16' lengths, per ft-----------------t2.08
7395' - 10" Ditto 1.62
3217' - 8" Ditto 1.21
13112' - 6" Ditto 0.84
2000' - 2" B&S Pipe, Class 150, 20' lenghhs,
Per ft.---------0.255
Standard B &S Fittings 6" and larger per net ton,
$100.00, 2" Fittings per not ton, $180,00
These prices f.o.b., Huntsville, in carload lots.
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and
WHEREAS, no petition of any kind whatsoever has been
filed requesting a referendum upon the question of issu-
ing bonds for the purpose of paying for such improvements
and no request for an election has been received and no
protest to the issuance of said time warrants has been
presented and it is affirmatively found that this City
Council is now authorized to proceed with the construc-
tion of said. improvements and the issuance of said time
warrants and it is to the best interest of said City
that said improvements be made in co-operation with the
Works Progress Administration of the United States Gov-
ernment:
THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL
OF THE CITY OF HUNTSVILLE, TEXAS:
I.
That the City Council of the City of Huntsville,
Texas, does hereby ratify the hereinbefore mentioned
contracts for the purchase of the materials described
in the preamble to this ordinance to be used in the
i
construction of improvements to the Waterworks System
of said City, and does hereby declare its intention of
co-operating with the Works Progress Administration of
the United States Government in the construction of
such improvements and to make payment of the City's
j portion of the cost thereof, which is hereby estimated
to be Fifty Thousand Dollars ($50,000.001, by the
issuance of interest-bearing time warrants he-reinafter
more fully described.
II.
That the time warrants of said City of Huntsville
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be 18sued In the principal sum of Fifty Thousand Dollars
($50,000.00) to be known as "City of Huntsville Waterworks
System Improvement Warrants, Series 1940" for the purpose
of evidencing the indebtedness of said City for the pur-
chase of the materials described in the preamble to this
ordinance and the cost of the construction of said improve-
ments, additions and extensions to its waterworks System,
under and in strict conformity with the Constitution and
laws of the State of Texas, particularly Chapter 163,
Acts of the 42nd Legislature of Texas, 1931.
III.
Said warrants shall be dated December 15, 1940,
shall bear interest at the rate of two and three-quarters
per annum,
per cent (2-3J4%)�, payable December 31, 1941, and annually
thereafter on December 31st of each year. They shall be
numbered consecutively from 1 to 50, both inclusive, shall
be in the denomination of One Thousand Dollars ($1,000.00)
each, aggregating Fifty Thousand Dollars (450,000.00) and
shall mature on December 31st in each of the years, and
for the amounts shown in the following scheduler
Numbers Dates Amounts
1 to 5 1941 '$5,000.00
6 to 10 1942 .5,000.00
11 to 15 1943 5,000.00
16 to 20 1944 5,000.00
21 to 25 1945 5,000.00
26 to 30 1946 5,000.00
31 to 35 1947 5,000000
36 to 40 1948 5,000.00
41 to 45 1949 5,000600
46 to 50 1950 5,000000
Said warrants shall be payable, both as to principal
and interest, in such funds as are, on the respective
dates of payment, lawful tender for debts due the United
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States of America, to the holders at the office of the
Treasurer of the City of Huntsville in Huntsville,^lexas.
IV.
Said warrants shall be signed by the Mayor and coun-
tersigned by the City Secretary, and the seal of said
City shall be impressed upon each of them.
V.
Said warrants shall be substantially in the follow-
ing form:
No. $1,000.00
UNITED STATES OF ANPERICA
STATE OF TEXAS
COUNTY OF WALKER
CITY OF HUNTSVILLE
WATERWORKS SYSTEM IMPROVEKE T WARRANT
SERIES OF 1940.
The City of Huntsville, a municipal corporation
situated in Walker County, Texas, duly incorporated
under the Constitution and laws of the State of Texas,
for value received, acknowledges itself indebted and
hereby promises to pay to bearer on the 15th day of
December, 19_, the sum of
ONE THOUSAND DOLLARS
with interest thereon from date hereof at the rate of
per annum
two and three-quarter per cent (2-3/4%.Y, payable Deeem-
ber 31, 1941, and annually thereafter on December 319
of each year. Both principal and interest are payable
at the office of the Treasurer of said City, located in
Huntsville, Texas, in such funds as are on the respec-
tive dates of payment, lawful tender for debts due the
United States of America,
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. This warrant is one of a series of fifty (50)
warrants of like date and tenor, except as to maturity,
numbered consecutively from 1 to 50, both inclusive,
in the denomination of One Thousand Dollars ($1,000.00)
each, aggregating Fifty Thousand Dollars ($50,000,00),
and is issued for the purpose ,of evidencing the indebt-
edness of said City for the purchase price of materials
received and the cost of construction of improvements,
additions and extensions to the Waterworks System of
said City, the benefits of which are hereby acknowledged
to have been received by said City, under and in strict
conformity with the Constitution and laws of the State
of Texas, including particularly Chapter 163 of the Acts
of the 42nd Legislature of Texas, 1931, and pursuant
to an ordinance passed by the City Council of said City
which is of record in the Minutes of said City Council.
The date of this warrant, in conformity with the
ordinance above mentioned, is 'December 15, 1940.
And it is hereby certified and recited that all
acts, conditions and things required to be done prece-
dent to, and in the issuance of this warrant and of this
series of warrants, have been properly done, have happen-
ed and been performed in regular and due time, form and
manner, as required by law; that due provision has been
made for the levy and collection of ad valorem tax upon
all taxable property within said City sufficient to
pay the principal of and interest on this warrant, and
this series of warrants, as the same mature; and that
the total indebtedness of said City, including this war-
rant, and the series of which this warrant is a part,
does not exceed any constitutional or statutory limitation*
IN TESTIMONY WHEREOF, the City Council of the City
x-700
of Huntsville, Texas, has caused the seal of said City
to be affixed hereto and this warrant to be signed by
the Mayor and countersigned by the City Secretary of
said City, as of the 15th day of December 1940.
COUNTERSIGNED: Mayor, City of Huntsville, Texas.
City Secretary.
VI.
That after the materials described in the preamble
to this ordinance are received and the benefits from
the construction of said improvements are received, said
warrants shall be executed and delivered as hereinbefore
provided in payment of claims for the purchase price of
such materials and compensation for labor and services
performed in the construction of said improvements to
the Waterworks System of said City, when such claims
have been approved by this City Council and upon the
further orders of this City Council,
VII.
BE IT FURTHER ORDAI14ED that to pay the interest on
t o tea Y
said warrants and to create a Sinking Fund :a the princi-
pal as it matures, w-kika, while said warrants or. any
part of the principal or interest thereof remain outstand-
ing or unpaid,, there is hereby levied a tax at such rate
as shall be sufficient for said purposes upon all taxable
property within said City and to pay the interest on
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said warrants and to provide a Sinking Fund with which
to pay the principal at maturity, there is hereby
levied for the current year, 1941, a tax of Thirty-tvio
cents ( $.32) on each One Hundred Dollar valuation
of taxable property in said City and the same shall be
assessed and collected and applied to the purposes named.
And there shall be calculated each year while any
of said warrants remain outstanding and unpaid, the rate
of tax necessary to provide funds sufficient to pay the
current interest as it accrues and to pay the principal
thereof as it matures, and such tax as shall be necessary
for said purposes, shall each year be levied, assessed
and collected during each of said years, and the same is
hereby levied and ordered to be assessed and collected
and applied to the purposes named.
VIII.
That said warrants may be issued in installments
and if the claims, in payment of which such warrants
are authorized to be issued, are not in such sums and
denominations as will permit the delivery of warrants
to cover the entire amount of such claims, the balance
remaining, after the delivery of such numbered warrants
as will leave unpaid a claim for less than One Thousand
Dollars (61,000.00), may be carried forward until other
claims sufficient to bring the total to at least One
Thousand Dollars (1,000.00) have been lawfully incurred,
at which time an additional warrant or warrants may be
delivered as the facts and circumstances shall require.
The fact that the City of Huntsville, Texas, is
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