Ordinance No. 519•
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ORDINANCE N0. 519
AN ORDINANCE REQUESTING THE COMPTROLLER OF
PUBLIC ACCOUNTS OF THE STATE OF TEXAS TO
CANCEL REVENUE BOND IN HIS POSSESSION;
CONTAINING OTHER PROVISIONS RELATING TO THE
SUBJECT; AND PROVIDING THAT THIS ORDINANCE
SHALL TAKE EFFECT FROMAND AFTER ITS ADOPTION
WHEREAS, the City Council of the City of Baytown, Texas,
adopted ordinances on the 13th day of May, 1957, and the 23rd
day of May, 1957, authorizing the issuance of the $465,000
CITY OF BAYTOWN WATERWORKS AND SEWER SYSTEM REVENUE REFUNDING
BONDS, SERIES 1957, dated May 15, 1957, numbered consecutively
from 1 through 465, in the denomination of $1,000, aggregating
$465,000, and maturing' - serially in their numerical order on
the 15th day of May in each of.the years 1958 through 1967,
which bonds were approved by the Attorney General of the State
of Texas on the 6th day of June, 1957, and registered by the
Comptroller of Public Accounts of the State of Texas under
Register No. 31865; and
WHEREAS, all $465,000 underlying revenue bonds to be re-
funded by the issuance of said Series 1957 revenue refunding
bonds have been presented to and canceled by the said Comp-
troller with the exception of Bond No. 30, in the denomination
of $1,000, of the Harris County Water Control & Improvement
District No. 7 Waterworks and Sewer System Revenue Bonds,
Series 1945A, dated September 1, 1945; and
WHEREAS, it was provided in the said ordinance adopted
May 23, 1957, that said Bond No. 30 would be exchanged for
Bond No. 137 of said Series 1957 revenue refunding bonds; and
WHEREAS, the said Comptroller has registered and released
all bonds of said Series 1957 revenue refunding bonds except
said Bond No. 137; and
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WHEREAS, said underlying Bond No. 30 was recently pre-
sented to the City, and.said City had surplus funds, and
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determined to pay off, discharge, and cancel said Bond No. 30
rather than have the same exchanged for Bond No. 137 of said
Series 1957 revenue refunding.bonds; and
WHEREAS, said Bond No. 30'has now been paid and canceled,
and said Bond No'.-137 of. the Series 1.957 revenue refunding
bonds will never be exchanged and issued; and
WHEREAS, the.City Council wishes to,instruct the Comptroller
of Public Accounts of the State of Texas-to cancel said Bond
No. 137; Therefore
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN:
Section 1: That a certified copy of this ordinance, to-
gether with canceled Bond No. 30 of the Harris County Water
Control & Improvement bistrict No. 7 Waterworks and Sewer System
Revenue Bonds, Series 1945A, dated September 11 1945, shall be
furnished the Attorney General of the State of Texas, and such
certified copy of this ordinance will constitute a request to
the Attorney deneral that he instruct the Comptroller of Public
Accounts of the State of Texas to cancel Bond No. 137 of ,the
City of Baytown Waterworks and Sewer System Revenue Refunding
Bonds, Series 1957, dated May -15, 1957.
Section 2: It is• further requested that such certified
copy of this ordinance be placed in the transcript of pro-
ceedings on file in the,office of said Comptroller under Regis-
ter No. 31865, and that the Attorney',General return said can-
celed Bond No. 30 to-the City of Baytown.
Section 3: That this ordinance shall take effect and be-
in full force from ana after its adoption
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PASSED AND APPROVED, this the 8th day of January, 1959.
Mayor, City of Baytown, Texas
AT EST:
City Clerk, City of,Baytown,
Texas
(SEAL)
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