HomeMy Public PortalAboutORD03697 For the purpose of paying sa.la•ries of elective and appoint
ive officers 4884.99
Gas for fire chiefs c,-Sr 7.50
VEHICIM FUND.
For the purpose of paying weekly wages of laborers freight and
incidentals under the street Commissioner, 2500900
` SEVIER BOND FUND.
For the purposee of paying weekly wages of laborers freight
and incidentals under the Street Commissioner 500.00
TRAFFIC & VEHICLE FUND.
Salary of Street Commissioner and Traffic Officers 458.33
Wages pf laborers freight ETC 2000000
PLUMBING INSPT. . FUND.
Salary of Plumbing Inspecter 100000
INTEREST & SINKING FUND
Advance on collectors cor_mission 300.00
Sec.2. This Ordinance will. t;�tke effect and be in force
from, and after its passage and approval.
Passed Jan. 7. 1935. Approved Jan 11, 1935.
Carl Walz, Pres. Of Council. Means Ray, Mayor.
# 3697. AN ORDINANCE AUTHORIZING AND DIRECTING TBE ISSUANCE
OF REI'U14DIiNG BONDS OF TI-E CITY OF JEFFERSON CITY, IIISSCURI2
IN THE SUM OF SIXTY-- THREE THOUSAND DOI:I:ARS (53,000) FOR
THE PURPCSE CF PROVIDING FUNDS TO REDEEM AND 'PAY OFF AN
EQU-AZ A1CUNT HF 5% B01,MS OF CITY DATED MROH19 1922.
WMREAS, pursuant to proceedings duly had by the Council
of the City Of Jefferson City, Missouri, said City heretofore
c::used to be issued certi n Funding Bonds of said City,in the
total principal sum of Forty-Nine Thousand. Dollars (49,000)
said issue cpnsisting of Forty - nine (49) bonds numbered from.
(1) to Forty4nine (49) , both inclusive, each in the deno7t24.t;
ina Lion of One Thousand Dollars ($19000) and dated March 11,
1922, becoming due March 1, 19423, bearing interest at the r
rb.te of Five Per Centum 0 0 per annum, both principal
. q2
and interest being payable t:,t the office of th.e City Tren.surer in the
City of TeffeT-son City, State of Nissruri, said boftds being re-
deemable at the option of Said City after the expir i.tion of ten years
from the date of said bonds; s%.id bonds having been issued for the
nurposF cf redeeming and paying off five certian judgements against the
City of Jefferson City, biiescuri, pursuant to ;:;.n election du ;y held in
said City on February 7,19229 and
`iHEREAS, all of the bonds hereintofore described, aggre--
(;:.ting the principal sum of Forty-nine Thousand Dollars (49,000)
a.re now outstanding and are the valid and binding obligations ofsai
said City, -.nd
WHEREAS, each of said bonds now outstanding contains
said provision whereby said City is entitled to call in, redeem
and pay pff said bpnds at the option of said City after ten years from
the date of said bonds, and
WHEREAS, pursuant to proceedings duly had by the Council
of the City Of Jefferson City, Missouri, said City heretofore caused
to be issued certian Miller Street Tunnel Bonds of said City in the
total principal sum pf Twenty-One 'Thousand Dollars (21,000); said
issue consisting of Forty - three (43) bonds numbered from (1) to
Fo#y -three (43), both inclusive, each in the sum of Five Hundred
Dollars (0500.00) , dated March 19 1922, becoming dueMarch 1, 19421, b
bearing interest at the rate pf Five per centum (5%) per annum,
both principal and interest payuble at the office of the City Treasurer
in the
innthe City of Jefferson City, State of Yo. said bonds being
redeamable at the option of said city after ten years fron the
date of said bonds, said bonds having been issued for the purpose y
of reconstruction of the Miller street tunnel in the city of ? =
Jefferson City , Mo. pursuant to an election duly held in said city
on Feb. 7th and Vihereas, bonds one (1) to fifteen (15) both
inclusive agF.,regating seven thousand five hundred dollars (7500.00)
of said Viller street tunnel bond issue wre called and paid by
the cityb of Hefferson City on klarch 1st. 1933 and are no longer
outstanding, andthereas there are now outstanding of said biller
street tunnel bond issue bonds number sixteen (16� to f3rty three
(43) both inclusive, aggregating the principal sum of fourtL en
thousand dollars (14,000.00) and said bonds are the jd, jrip� valid
19 3
and binding obligo.tion.s of maid city -.nd Whereas, e~ch of said
bond numbered from si>.teen (16) to forty three (43)n both
inclusive no%v outst..i.nding contr:.in said prow lion whereby said
city is &ntitled to call in redeem a.nd pay off sddd bond a3t
the option of said city after ten years fron the date of sadd
bonds and VJHLREAS it it desirable fron ;%KX the standpoint of
sr-iid city and the tax payers thereof that all of said bonds
issued and outstanding as aforesaid to wit; Judgment Funding
bonds, dated Diarch 1st. 1922 in the aggregate sum of forty
n ine thousand dollars (49, 000.00) consisting of forty nine
(49) bonds numbered one ( 1) to forty nine (49) both inclusive
each in the sum of one thousand dollars (1,000.00) and 1diller
street tumnel bonds dated march. get. 1922 in the aggregate sum
of fourteen thousand dollars (14,000.00 ) consisting of twenty
eight ( 28) bonds numbered fron sixteen (16) to forty three (43)
both. inclusive each in the sum ff five Mindred dollars (,¢500.00)
together- aggregating the sun of sixty three thousand dollars
($63,000.00) be refunddd imto an issue of refunding bonds of
said city to bear interest at the rate ofthree and one fourth
per centum (3j..-) per annum and VdMREAS, an offer has been made
to said City by Harris Trust and Savings Bank of Chicago,
Illinois, for the purchase of Sixty three thousr,-nd dollars
(63,,000) par value of Three and One fourth per centum(3j%)
Refunding Bonds of said City, to be d:::,ted Marchl, 1935, to
be issued for the purpose of providiing funds to take up,
pay off and redeem said outstanding bonds dated March 1, 1922,
hereinbefore described, and WHEREAS, said offer of s�-id
Harris Trust and Savings Bank has been duly accepted by said
City, and WHEREAS, in the exercise of the option reserved
unto said City in each of the aforementioned bonds, this
Council did, on the 21 day of January, 1935, direct that
all of sF,id bonds be called for redemption and payment on
the lst dr,y of March, 1935,and
WHEREAS, in pursuance of said direction, the City
Clerk did on the 22nd day of January I.935, cause notice
of the call for redemption of said bonds to be filed in the
office of the St?to Auditor of Ilissouri, as required by
J
Section 2914, Revised Statutes of 11issouri, 1929, .and
=REAS, it is now the desire of this Council to make
provision for the issuance of Refdnding Bonds for the purpose of
providiig funds with which to take up, pay off and redeem said bonds
so called for redemption; Therefore,
BE IT ORDAINED BY THE COUNCIL OF THE1 CITY OF JEFFERSON CITY, MISSOURI,
AS FOLLOWS:
SECTIONI. That for the purpose of providiig funds totake
up, redeem and pay off Forty—nine Thousand Dollars (499000) p:j,r value
of outstanding Judgement Funding Bonds of the City of Teff erson City ,
dated March 1st 19229 hereinbefore described, and for the purpose
of providing funds to takeup, redeem and pay off fourteen thousand
dollars, (14,000) par value of outstanding five per centum 5%)
.Miller Street Tunnel Bonds of the City Of Jefferson City, 11a.ted March
Ist 1922•,hereinbefore described, the two dssues afore mentioned
together aggregating the sum of sixty three thousand dollars(63.000)
there shall be and they are hereby authorized and directed to be i
issued the refunding bonds of the City of Jefferson City, Missouri in the
in the aggregate principal amount and sum of sixty three thousand d
dollars (63, 000) . Said issue shall consist of sixty three (63)
bonds numbered from one (1) to sixty three (63) both inclusive,
and each of said bonds shall be of 'the denomination of one thousand
dollars (19000) All of said bonds shall be dated March 1st 1935.
and shall become due and payable serially , without option of
prior payment, in the- amounts and at the times as follbwst
Bcnd" numbers Amount Matirities
1 and 2 $29000 March 191936
3 and 4 2,000 Marchl,1937
5 and 6 29000 " 1 1938
7 and 8 20000 " 101939
9 and 10 2,000 " 1r�1940
11 and 12 2,000 " 1 1941
13 a-nd 14 29000 " 19 1942
15 and 16 2,000 " 1' 1943
17 and 18 29000 " 1' 1944
19 and 20 2,000 " 1' 1945
21 and 22 2,000 " 1' 1946
23 to 26 inclusive 49000 " 11947
27. to 30 4,000 " 1' 1948
31 to 34 4,000 " 1' 1949
35 to 38 49000 " 12
". .39 to 43 59000 " 1' 1951
44 to 48 5',000 " 1' 1952
49 to 53 59000 " 1' 1953
54 to 58 5,000 " 1' 1954
` 59 to 63 5,000- " 1'a 1955
Said bonds shall bear interest at the rate df three and one
f ourthper a entum (31%) per annum, payable semi-annually on
September lst. and March lst. in each year-Both principal
and interest on said bondsshall be payable at the office of
the City Treasurer of the City of Jefferson City, in the City
of Jef",'erson City, State of Missouri, and shall be payable in
any coinor currency which at the time of payment is legal tender
for public and private debts. Said bonds shall be signrd by the
Mayor and attested bj; the City Clerk of said City, and shall have
the corporate seal of the City affixed thereto, and the interebt
coupons, attached to said bonds shall be executed by a lithographed
facsimile signature of said City Clerk.
Section 2. Said bonds shall be executed in the form and shall
contain recitals substantially as follows;
No.6) X1,000
UNITED STATES OF AMICA
STATE OF MISSOURI
COUNTY OF COLE.
CITY OF JEFFERSON CITY
3-k%
REFUNDING BOND
The city of Jefferson City, in the bounty of Cole, State
of Missouri, hereby acknowleges to be indebtedrj and for value
received, herebyb promises to pay tom bearer the sum of
ONE THOUSAND DOLLARS
($1,000) on the first day of March,l9�, with interest thereon
from the date hereof, at the rate of three and one fourth per
centum (3j) per annum, payable semi-annually on the first days
of September and March in each year, on presentation and
surrender of the annexed interest coupons as they severally
become due. Both the principal of and theinterest , on this bond
are hereby made payable in any coin or cureency which at the
time of payment is legal tender for public sand private debts, a
at the office of the City Treasurer mf the City of Jefferson
City, in the City of Jefferson City, State of Missouri, and the
said City ids held and firmly bound by these oresents, and the
full faith, credit and resources of said city are hereby irrevoc-
ably pledged for the prompt payment of said principal and interest
at maturity.
as
This bond is one of a. series of sixty three (63) bonds of like
date,denonina�ion, tenor and effect, except as to maturij:y,
aggregating the principal amount and sum of sixty three thousand
dollars(639000) , issued by XXX said city for the purpose of
refunding a like amount of five per cent (5%) bonds of said City,
dated Ma.rchl, 1922, heretofore issued pursuant to authority
obtained at an election held in said city on # February 7,
1922, in full compliance with the Constitution and laws of the Sta
State of Missouri, and pursuant to pan ordinance duly passee and p
proceedings duly had by the City Council of said city.
And it is hereby declared and certified that all acts,
conditions and things required by law to be done, and to exist
precedent to and in the issuance of this bond h,,�i.ve been
properly done and performed, and do exist in due and regular
id form and manner as required by the constitution and laws of the
State of Missouri; that in the efent that this bind or the .issue
of which it is one, should ever be held to be invalid by any
court of competant ,jurisdiction, the holder or holders of this bond
dhall be subregated to all of the rights and remedies Clad and
possessed by the holded or holders of the bonds refunded by the
issue of which this bond is one; that provision has been made
for the levy and collection of a. direct annual tax upon all the
taxable property situate within said city, sufficient to pay
the interest on this bond as it accrues and also to constitute
a sinking fund for the payment of the principal thereof at
m^turity, and that the total indebtedness of said city, ,�Xf
including this bond and the series of which it is one, does not
exceed any consttitutional or statutory limitation.
IN WITNES S 1IIHEREOF, the city of Jefferson City, Mibssouri
has executed this bond by causing it 66 be signed byre its Mayor
and attested by its City Clerk, and its corporate seal to be
hereto affixed, and has caused the annexed interestcoupons to
be executed with the facsimile signature of said City Clerk,
and this bind to be dated this first day of March, 1935.
CITY OF JEFFERSON CITY,I,uISSOUHI
BY _
Mr�YOR, —'
TIT,, T
CITY CLERK.
97
(C OU POId)
No . : 16.25
September
On the first day of March, 19 , the City of Jefferson
City, Missouri, promises to pay to bearer the sum of sixteen
and 25/100 dollars (16.25) in any chin or currency which .).t the
time of payment is legal tender for public and private debts ,
ANIL at the office of the City 'Treasurer of the City of Jefferson City,
in the City of Jefferson City, State of Missouri, being sax months
interest due on that date on its refunding bond dated 1-larch 19
1935 and numbered
CITY OF JEFFERSON CITY,MISSCURI
BY
CITY CLERK.
Section 3. That in order to make provision for tie payment
of the principal of and the interestvon said bonds, as the
same shall. respectfully mature and accrue, there shall be and
there is hereby levied a direct continuing annual tax upon
all of the taxable property within the s�tift city, sufficient,
after allowance shall have been made for delinquencies in the
payment of tri.xes and the cost of c ollection, to produce, in
each of the years 1935 to 1955, bothb inclusive, the following
sume for principal _-.nd interest respectively;
Year of Levy For the year For 2rinci-oal For Interest Total
1935 1935-1936(.;- $"2000.00 $3038.75 05038.75
1936 1937 2000.00 1950.00 3950.00
1937 1938 2000.00 1885.00 3885.00
1938 1939 2000.00 1820.00 3820000
1939 1940 2000.00 1755.00 3755.00
1940 1941 2000.00 1690.00 3690.00
1941 1942 2000 .00 1625.00 3625.00
1942 1943 2000900 1560.00 3560oOO
1943 1944 2000.00' 1495.00 3495900
1944 1945 2000.00 1430.00 3430.00
1945 1946 2000.00 1365.00 3365.00
1946 1947 4000900 1267.50 5267.50
1947 1948 4000.00 1137.50 5137. 50
1948 1949 4000..00 1007.50 5007.50
1949 1950 4000.00 877.50 4877.50
j 1950 1951)a_�r/ ., l r ._,5000.00 031.25��8��5731.25
1952 1953 t '5000,00 406.25 5406.25
1953 1954 5000.00 243.75 5243.75
1954 1955 5000.00 81.25 5081.25
and, provision tp meet the requirements above set forth, shall. in
due time, manner and season annually be made.
Section 4. That said tax shall be extended upon the tax rolls and
shall be collected in the same manner and atvthd s-me time as other
city taxes are extended and collected, and the rate of tax tivhich
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shall be so extended sh;_..11 be sufficient in each yearfullyto produce
the sums set out above respectively, -_a.fter due al. owance shill
have been made for probable delinquenciesin payment of taxes
and the customary costs of collection; and the proceed derived ff'o
from the c ollection of such tax shall be used exclusively for he
purnose herein rquired.
Sedtion 5. All of the revenues collected on ac count of the tax
Ah
hereinprovided for shall be deposited in a seperate fund to be
known as the "Interest and Sinking Fund for refunding Bonds of
193511 , And no part thereof shall ever be diverted from the
purposes herein provided for, nor appropriated to any other p
purpose whatsoever.
Section 6 . That for the purpose of making provision for the
payment of the interest which will accrue on said bonds on Sept-
ember 1, 1935, in the amount of one thousand, nienty three dollars
and seventy five cents ($1023.75) said interest payment accrueing
prior to the date when the taxes herein provided for can be
collected, there shall be and there is hereby appropriated out of
the interest and sinking fund of said city, for the payment of
said interest, the sraid amofant of one thousand, twenty three
dollars and seventy five cents( 1023. 75) .
Section 7. That if, at any time said taxes be not collected in
time to pay ,the principal of or the interest on said bonds,
when due, the City Tea.surer is hereby authorized and directed to
pay said maturing principal or accrueing interest out of the
General fund of said City and to reimburse said general fund
for monies so withdrawn tYireefrom when such taxes are collected.
Section 8. In the event the bonds herein authorized tombe issued
'1 y
or any of them, should ever be held to be invalid by any Court
pf competent jurisdiction, the holder or holders thereof shall
be subrega.ted to all the rights and privileges against 'the city
of Jefferson City, had and possessed by the holders of the bonds
refunded thereby.
Section 9. That when the scild bonds shala. have been prepared and
executed, as in this ordinance directed, they shall be delivered
into the custody of the City `1'rea.sur.er, thereupon said Treasurer
shall cause said "bonds to be registered in the office of the