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Home My Public Portal AboutORD034961 2 .2 SECTION. 2, This Ordinance shall take effect and be in force from and after its passage and approval. PASSED: July 5th, 1932. APPROVEDt July 9th, 1932. H. C. Asel. H. C. Asel. President of the Council. Mayor. NO. 3496. AN ORDINANCE TO APPROPRIATE MONEY FOR THE MONTH OF JULY 1932. BE IT ORDAINED BY THE OOUNCIL OF THE CITY OF JEFFERSON, AS FOLLOWS: SECTION. I. There is hereby appropriated out of any money in the City Treasury not otherwise appropriated, the followings REVENUE FUND. Advancement on Collector's and Assessor's Commissions - - 400.00 For the purpose of paying the salaries of elective and appointive officers, the sum of - - - - - - - - - - - - -$ 4876.66 VEHICLE FUND. For the purpose of paying salary of the Street Commissioner, the sum of - - - - - - - - - - - - - - - - -$ 225.00 ti For the purpose of paying weekly wages of ,laborers, freight and incidentals under the Street commissioner, - $ 1000.00 SEIVER BOND FUND. For the purpose of paying the salary of Assistant Oity Engineer, the sum of - - - - - - - - - - - - - - - - - -- $ 125.00 ' For the purpose of paying weekly ►ages of laborers, freight . and incidentals under the Street onmissioner, the sum of $ 100.00 PLUMING INSPECTION FUND. Salary Plumbing Inspector, the sum of - - - - - - - - -- $ 100.00 PARK FUND. Building & Loan dues - - - - - - - - - •- - - - - - - - - -$ 19.20 SECTION. 29 This Ordinance shall take effect and be in force from and after its passage and approval. PASSED: July 5th, 1932. APPROVED: July 9th, 1932. H. C. ASEL. H. C. ASEL. President of the Council. Mayor.. NO. 3497. AN ORDINANCE FIXING AND DETERMINING THE RATE OF INTEREST TO BE PAID ON SEVENTY-ONE THOUSAND. EIGHTY-NINE DOLLARS AND SEVENTY- TWO CENTS (971,089.72) JUDGMENT FUNDING BONDS OF THE CITY OF JEFFERSON CITY, MISSOURI, AUTHORIZED AT AN ELECTION HELD IN SAID CITY ON THE 31st DAY OF MAY$ 19329 AND AUTHORIZING AND DIRECTING THE LEVY OF AN ANNUAL TAX SUFFICIENT TO PAY SAID PRINCIPAL AND INTEREST ON SAID BONDS AS THEY RESPECTIVELY MATURE AND ACCRUE. WHEREAS, under the provisions of Ordinance No. 34949 passed and approved on the 16th day of June, 1932, the City Council of the City of Jefferson City, Missouri, did provide for the issuance of a' 233 bonds of said City in the amount of Seventy-one Thousand, tighty- nine Dollars and Seventy-two Cents ($71,089.72) 9 for the purpose of funding the judgment indebtedness of said City; and 14YHEREAS9 said Ordinance did not definitely fix the rate of interest said bonds are to bear and did not set forth a schedule showing the amount of taxes necessary to be levied in each year during the life of said bonds to pay the principal thereof at maturity and the interest thereon as it accrues; and WHEREAS, said bonds were, on the 27th day of June, 1932, sold to the Mississippi Valley ompany, of St. Louis, Missouri; said sale being based upon said bonds bearing interest at the rate of four and three-quarters per centum (4-3/4,9) per annum; and WHEREAS, it is necessary and desirable that the rate of interest on said bonds should now be fixed and determined, and that the schedule of tax requirements, as aforesaid, should now be set forth; NOW, THEREFORE, BE IT ORDAINED BY TEE CITY COUNCIL OF THE CITY OF JEFFERSON CITY, MISSOURI. AS FOLLOWS: SECTION. I. That the Seventy-one Thousand, eighty-nine Dollars and Seventy-two Cents ($71,089.72) judgment funding bonds of said City of Jefferson City, Missouri, authorized to be issued under Ordinance No. 3494 of said City, passed and approved on the 16th day of Tune, 19329 shall bear interest at the rate of four and three- quarters per centum (4-3/41) per annum, payable May 1, 1933, and semi-annually thereafter on the first days of November and May in each year. SECTION. 2. That for the purpose of providing for the payment of the principal of and the interest on said bonds as they shall respectively mature and accrue, there shall be and there is hereby levied a direct continuing annual tax upon all of the taxable property within said City ( due allowance being made for delinquencies in the payment of taxes and cost of collection) sufficient to pro- duce in each of the years 1933 to 19529 both inclusive, the sums due, respectively, for principal and interest in each of said years, as follows; to-wits YEAR OF LEVY FOR THE YEAR FOR PRINCIPAL FOR INTEREST TOTAL 1932 1933 $39089.72 $49710.47 $7,800.19 1933 1934 39000.00 30158.75 69158.75 1934 1935 3,000.00 3,016.25 6,016.25 1935 1936 31000.00 2,873.75 5,873.75 1936 1937 39000.00 29731.25 5, 731.25 1937 1938 3,000.00 29588.75 59588.75 1938 1939 39000.00 2,446.25 59446.25 1939 1940 30000.00 29303075 59303.75 1940 1941 3,000.00 29161.25 59161.25 1941 1942 4,000.00 1,995.00 50995.00 1942 1943 4,000.00 1,805,00 5,805.00 1943 1944 49000.00 19615.00 59615.00 1944 1945 49000.00 19425.00 59425.00 1945 1946 49000.00 19235.00 51235.00 1946 1947 41000.00 1,045.00 50045.00 1947 1948 4,000.00 855.00 49855.00 1948 1949 41000.00 665.00 4,665.00 1949 1950 41000.00 475.00 49475.00 1950 1951 42000.00 285.00 4,285.00 1951 1952 49000.00 95.00 49095.00 SECTION 3. The said tax shall be extended upon the tax rolls and collected in the same manner and at the same time as other City taxes are collected; and the rate of tax which shall be so extended shall be sufficient in each year fully to produce the sums set out above, respectively, after due allowance shall have been made for the probable delinquencies in payment of taxes and the customary costs of collection; and the proceeds derived •from the collection of such tax ohall be used exclusively for the purpose herein required. SECTION. 4. All of the Revenue collected on account of the tax herein levied shall be deposited in a separate fund to be known as the # Interest and Sinking Fund, Bond Issue of June 19 1932,0 and No MEEM