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#4552
AN ORDINANCE AUTHORIZING AND DIRECTING THE ISSUANCE OF CURRENT REVENUE
BONDS OF THE CITY OF JEFFERSON, MISSOURI, IN THE PRINCIPAL SUM OF
THIRTY-FOUR THOUSAND 'IVE HUNDRED DOLLARS ( $, 500) , and malting pro-
VISION FOR THE PAYMEhT OF THE PRINCIPAL THEREOF AND TEE INTEREST
THEREOF.
WHEREAS, to rovide funds to meet current public needs.-of the
pity of Jefferson fassouri, and to maintain the necessary public
services of said 6ity, to pay the salaries of officers and employees,
and to meet the iecessary expenses of said City, it has beeome and
is necessary that the ity of Jefferson borrow the sum of Thirty-four
Thousand, rive Ilundred^Dollars ($34, 500) , and issue therefor appro-
priate evidence of its indebtedness; and
WHEREAS, by and under Section 6934 of the Rovised Statues of
the State of missouri, 1939, the city of Jefferson is authorized and
empowered by ordinance, to issue bonds payable in one year, to an amount
not exceeding half the current revenue for the fiscal year; and
WHEREAS, the assessed valuation of taxable property within the
corporate limits of said `pity, as ascertained by the assessment made
as of June 1, 1941, upon which taxes will bg colleFted in the year
1942, is Fifteen I-Tillion, five Hundred and leven housand s One
Hundred and "isty-One ''ollars ($15,5111161) ; and
WHEREAS, the L'ity Council of the City of Jefferson did, by
Ordinance No. 4551 , adopted and approved on the 6th day of July,
1942, levy a tax of sixty cents (60¢) upon each One Hundred Dollars
of the aforesaid assessed valuation, to provide funds to pay the
current general xoperating expenses of said City; and
WHEREAS. this City louncil does now find thst the afoesaid tax
levy and other sources of„revenue applicable to the payment of current
general expenses of said City for the current fiscal year, exclusive
of taxes and revenues profiided for and charged with the payment of the
bonded indebtedness of said city or other special obligations thereof,
will produce prior to March 31, 1943, approximately the following
amounts, to-wit:
Proceeds of ad valorem tax of 60¢ on $100.00
asses ed valuation of taxable property in
said -ity (Including both 1942 and back taxes) $93,066.00
Building Permits . . . . . . . . . . . . . . . 900.00
Electrical Permits . . . . . . . . . . . . . . . . . 600.00
Liquor Licenses . . . . . . . . . . . . . . . . . . 90000000
Store Rent- city Hall building . . . . . . . . . . 3,600, 00
Special Road district . . . . . . . . . . . . . . . 3,000.00
City Scales . . . . . . . . . . . . . . 500.00
Fines . . . . . . . . . . . . . . . . . . . 500.00
Bicycle Licenses . . . . . . . . . . . . . 00 to . 75.00
. 111,2 14 00
and
WHEREAS, no funds have heretofore been borrowed by the city of
of Jefferson in anticipation of the collection of the aforesaid taxes
and revenues; and
WHEREAS.. the said city has incurred no other debts or obli-
gations which are a charge upon said taxes and revenues, and all of' said
revenues yet uncollected are available for the purpose of maintaining
the necessary public services, paying salaries of officers and employees,
21.1.
and meeting the necessary expenses of said `'itY; and
WHEREAS, the amount now proposed to be borrowed, to-wit,
hirty-four housand, „ive Hundred Dollars ($34, 500) , will not exceed
half of the aforesaid anticipated, but uncollected, revenues for the
current fiscal year; and
WHEREAS, THE amount of the bonds hereby authorized together
with all other debts and obligations of said City chargeable to the
revenues provided for the year 1942, will not exceed the sure of said
revenues;
NOW, T3.EREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF JEFFERSON, MISSOURI, AS FOLLOWS:
Section 1. shat, in order to provide funds to meet current
public needs of said ity, to maintain necessary public services
thereof, to pay the s9laries of-officers and employees, and to meet
the necessary expenses of said city during the current fiscal year
ending March 31, 1943, there shall be and there are hereby authorized
ordered and directed to be issued the urrent Revenue Bonds of said
City of Jefferson, Missouri in the principal amount and sum of
Thirty-four housand, five Aundred Dollars ($34, 500) . Said bonds
shall be of the following denominations:
Bond No. 1 shall be of the denomination of $19, 500.00
Bond No. 2 shall be of the denomination of 15,000.00
Said bonds shall be numbered One (1) and Two (2) ; shall bear date of
Jul 1, 1942, and shall bear interest at the rate of three per centum
(W per annum, payable with the principal of-said bonds. Both the
principal of and the interest on said bonds shall be payable in
lawful money of the United States of :'America at the office of the
City Treasurer of said city, in the city of Jefferson,Missouri.
the said bonds shall be executed by the signature of the L4ayor 6f the
City of Jefferson, attested by the sig eture of the ,.,he
lerk, under
the seal of said city. The said bonds shall mature and become due
and payable on March 31, 1943-
SECTION 20 the �ity of Jefferson reserves the right to call in
either of both of said SonOs- for payment and redemption,, upon the
giving of thirty (30) day:§A written notice to the holder or holders
thereof, and upon giving notice to the Otate Auditor of Missouri, as
provided by Section 3301 of the Revised Statutes of 11issouri, 1939•
SECTION 3. That said bonds shall be in substantially the
following form, to-wit:
UNITED STATES OF AMERICA
STATE OF I,"ISSOURI
AMh
COUNTY OF COLE
CITY OF JEFFERSON
3%
CURRENT REV31UE BOND
OF 1942
NO.__�.._.,. $
The City of Jefferson, in Cole County, Missouri, a municipal
corporation duly incorporated and existing under the laws of the
State of Missouri, acknowledges itself to owe and, for value received,
hereby promises to pay to bearer outcbf the -current - revenues of the
fiscal year within which this bond is issued, the sum of
DOLLARS
($ ) on the 31st day of March, 19431 together with interest
thereon from the date hereof:•until the principal of this bond shall
be fully paid, at the rate of three per centum (3%) per annum, payable
with the principal hereof.
a
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Loth the principal of end interest oe this fond are payable
at the office of the ity Treasurer of the ity of Jefferson, PL. ssouri,
in said, , ity.
jhis bond may be called in for payment and redemption at any
time upon the giving of thirty (30) days' notice to the holder hereof
and upon the giving of the notice to the State uditor required by
Section 3301 of the Revised Statutes of Missouri, 1939•
This bond is one of series of two (2) bonds, numbered One (1)
and Two (2), of like date, tenor and effect, gxcept as to der;omination
aggregating the rincipal sum of Thirty-four ahousand, ive Hundred
Dollars ($34, 500, issued by the city of Jefferson for fhe purpose
of anticipating not exceeding half of the current revenues of said
City for the present fiscal year, under authority of Section 6934 of
the Revised Statutes of Missouri for 1939,E and by further authority
of an ordinance duly adopted by the City ^ouncil of said city.
It is hereby certified, recited and represented that all acts,
conditions and things required to be done precedent to and in' the
issuance of this bond, in order to make the same a valid and binding
obligation of said city, have been done, have happened and have been
performed in regular and due form, time and amnner, as required by law;
that an appropription has been made out of the current revenues of said
City for the present fiscal year, sufficient to pay the principal
of this bond and of the series os which this bond is o:,e, together
with interest thereon, according to the terms hereof, and that the
total amount of this bond and the issue of which it is one does not
exceed half of the current revenues of said City fo the present fiscal
year, and does not exceed any statutory or constitutional limitation.
IN TESTIMONY WHEREOF, the city of Jefferson has executed this bond
by causing it to be signed by the Mayor of said ity, attested by the
City `'lerk, under the seal of said 0i.ty, this fif'st day of July, 1942.
CITY OF JEFFERSON, ?:MISSOURI,
BY
Mayor
Attest:
ity Cler
SECTION 4. That the Mayor abd L;ity Clerk of said City are hereby
authorized and directed to cause to be prepared and printed, in such
form as will comply with the provisions of this ordinance, the bonus
hereinbefore described, and when the said bonds shall have been executed
as above indicated, they shall be presented to the S+ate uditor of
Missouri for registration, and each of said bonds shall Rave endorsed
thereon a registration certificate of said State '"uditor in substantial
ly the following form, to—zj:it:
STATE OF MISSOURI )
COUNTY OF COLE ) SS
CITY OF JEFFERSON )
I, Forrest Smith, State Auditor of M ssouri, do hereby certify
that all the conditions of the laws of the State of Missouri have been
complied with in the issuance of the within bond, and that all the
conditions of the contract under which it was ordered to be issued have
been complied with and that the evidence thereof is on file in my office;
and I further certify that this bond has been duly registered in my office
in compliance with the Laws of the state of Missouri,
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IN WITNESS WHEREOF, I have hereunto set my hand and have
affixed the seal of my office in the ity of Jefferson, Lissouri,
this -day of , 1942.
State uditor
By
Chief C erk
Section 5. That when said bonds shall have been prepared,
executed and registered they shall be lodged with the City Treasurer
who shall deliver then to the purchaser thereof upon payment of the
Purchase price (not less than par and accrued interest) in accordance
with the terms of the sale of said bonds.
Secton 6. That in order to make provision for the payment of
said bonds and the interest which will accrue thereon, there shall be
and thereis hereby appropriated out of the Currebt Revenue Bonds
of 1942 Interest and si king Fund of said City, hereby createdr,: the
following sums, to-wit:
r or PrJmipal due March 31, 1943 . . . . . . . -$34: 500.00
For Interest due March 31, 1943 . . . . . . . . 776.25
Total $35.t276.25
and provision to meet the aforesaid approprist&on shall be made out of
the first incoming revenues of said r,ity for the present f6scal year,
and to that end it-i hereby made the special duty of the ity
Treasurer of said pity of Jefferson to resorfW:-th& pforgsaid funds .t
but o:f: the first incoming revenues of said pity for said fiscal-year,
, and to credit the same to a special fund hereby created in the pty
Treasury of said City and designated the 'Current Revenue Bonds of
1942 Interest and sinking fund," and the monies cr4dited to Mad fund
shall be used for no other ourpose than for the payment of the bonds
herein directed to be issued and the interest to accrue h4hereon.
Passed,.this 6th day od July, 1942.
Jesse N. Owen
Mayor and President of he ity
Council of the c:ity of Jefferson,
Attest: Missouri.
,,Henry W. Ells
City. Clerk of theZity bf
Jefferson, Missouri.
w; Approved this 6th day of July, 1942.
J s-se N.-Owens
Mayor of the city of Jefferson.
Attest:
He W El
City lerk of the city of e_'fruim
Missouri
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