HomeMy Public PortalAboutResolution No. 004-54 07-30-1954 RESOLUTION # 4-1954
/'\
THE STATE OF TEXAS .
COUNTY OF TARRANT .
TOWN OF RICHLAND HILTS .
On this the 30th day of July, 1954, the Town Council of the
Town of Richland Hills, Texas, convened in /q Meeting, at the
Regular Meeting place, with the following members thereof, to-wit:
Homer Norton, Mayor,
C. A. J. Smith, .
Joe Martin, .
Cecil Smith, Aldermen,
W. F. Owens, .
Clayton Woodall, .•
"_ Theo J. Hardison, Town Secretary,
being present, with the following absent: ` U7 ,
constituting a quorum, at which time the following proceedings were had:
Alderman introduced a resolution and moved
v that it be adopted. The motion was seconded by Alderman (���':d�L��� ��""
The motion carrying with it the adoption of the resolution prevailed by the
following vote:
AYES: Aldermen C. A. J. Smith, Martin, Cecil Smith, Owens,
and Woodall .
NOES: None.
The resolution as adopted is as follows:
A RESOLUTION
DIRECTING THE MAYOR TO DELIVER BONDS TO THE
PURCHASERS THEREOF, RECEIVE THE PURCHASE PRICE
FOR THE BONDS, RECEIVE TITLE TO THE WATERWORKS
SYSTEM, PAY T11 PURCHASE PRICE THEREOF, AND
RESOLVING OTHER MATTERS WITH REFERENCE TO THE
CLOSING OF SAID TRANSACTIONS.
WHEREAS, this Town has authorized the issuance, sale and de-
livery of Town of Richland Hills Waterworks System Revenue Bonds, Series 1954,
in the amount of $1,100,000.00 for the purpose of purchasing, improving and
extending a waterworks system; and
e
-i.m
r--1V'4 "6-411
WHEREAS, the Town has determined to purchase the existing
Waterworks System from C. F. Alexander Charles E. McArthur and Hilding F.
Henrickson, and payment therefor has been directed to be made to Harris Trust
& Savings Bank, Chicago, Illinois;
BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF RICHLAND HIT,L.L:
1. The Mayor, Homer Norton, shall deliver the above described
bonds to Rauscher, Pierce & Company, Dallas, Texas, and Associates, and shall
receive therefor, on behalf of this Town, the price of par and accrued interest
to the date of delivery.
2. The amount received as accrued interest shall be deposited
in the Interest and Sinking Fund in the Depository Bank of this Town and
the remainder thereof shall be deposited in the Continental National. Bank,
Fort Worth, Texas, in the Waterworks Purchase and Improvement Account.
3. The Mayor shall receive instruments conveying title to
the Waterworks System from C. F. Alexander, Charles E. McArthur and Hilding
F. Henrickson to the Town, and, out of said Account, the Mayor shall pay
Eight Hundred Nine Thousand One Hundred Fifty Dollars ($809,150.00) to
Harris Trust & Savings Bank, Chicago, Illinois, as the purchase price for
said Waterworks System.
4. The Mayor is further authorized and directed to do all
other things necessary or proper to accomplish the delivery of the bonds and
the purchase of the existing Waterworks System.
ADOPTED AND APPROVED this the 30 h day of July, 1954.
Ma r1914414A-
, Town of Richland Hills, Texas.
A !T).
_ AT // r.
ALr ?
Town Secrey, Town of Richland Hills,
Texas.
emN
THE STATE OF TEXAS
COUNTY OF TARRANT
TOWN OF RICHIAND HILLS •
I, the undersigned, Town Secretary of the Town of Richland
Hills, Texas, do hereby certify that the above and foregoing is a true, full
and correct copy of the resolution adopted by the Town Council on the 30th
day of July, 1954, directing the Mayor to deliver bonds to the purchasers,
receive the purchase price for the bonds and close the purchase of certain
Waterworks facilities.
EXECUTED this the is day of July, 1954,
'00"'S wn Secret r , To*,29/e,C n of Richland Hills,
Texas.
(s&L)