ORDINANCE NO. 273
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ORDINANCE # 273
THAT WHEREAS, the statutes of the State of Texas, provide for the purchase,
construction, maintenance, and repair of a police station and courtroom for use
of the police department of cities and towns by a municipal corporation, and;
WHEREAS, the City of Schertz, Guadalupe County, Texas, municipal corporation
wished to purchase property for use as a police station and courtroom and to pro-
vide funds for the remodeling thereof under circumstances whereby the purchase of
such property and remodeling the structure thereon do not require that the purchase
of such property and improvement thereof be submitted for competitive bids, and;
WHEREAS, the City Council finds and adjudicates: That pursuant to the pro-
visions of Chapter 163, Acts of the Regular Session of the Forty-Second Legislature
of the State of Texas, the City is duly authorized to issue warrants in payment for
such property and improvement thereof, and;
WHEREAS, the City does not have on hand cash available for the purpose for the
purchase of such property and the improvement thereof but will have the funds on hand
from taxation sufficient to pay for warrants herein authorized, and;
WHEREAS, it is now proper chat the City Council of said City give notice of its
intention to issue time warrants as aforesaid for the payment for the items aforesaid.
Now therefore be it ordained by the City Council of the City of Schertz, Guadalupe
County, Texas,
1. To purchase real property and to improve structures thereon for a police
station and courtroom for said City.
2. That said City of Schertz, Texas, issue time warrants as hereinafter speci-
fied in payment for such property and the improvement thereof.
3. That it is the intention of the City Council of the City of Schertz, Texas,
to pass an order on the 16rh day of November, 1972, against the funds of said City
in an amount not to exceed $25,000.00, bearing interest at a rate not to exceed six
(6) per cent per annum and maturing at times as may be fixed by the City Council of
the City of Schertz, Guadalupe County, Texas, serially or otherwise, at a maximum
maturity not to exceed five (5) years from their date, for the purpose of evidencing
the payment of the purchase price of such property and the improvement thereof.
4. That notice of the authorization of issuance of such time warrants shall
be given by causing notices thereof to be posted in a public place at the City Hall
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of Schertz, Texas for 14 days prior to the time of authorization of such warrants,
and published once a week for two consecutive weeks prior to the date set for
authorizing such warrants in the Valley News, a newspaper published in the City of
Seguin, Texas, and in ~he Seguin Enterprise, a newspaper devoting not less than
24 per cent of total column lineage to current items of general interest published
not less than once each week entered as second class postal material and having
been published regularly and continuously for not less than 12 months prior to the
making of this notice and published at Seguin, Guadalupe County, Texas, the County
Seat of the County, where Schertz, is situated and such notice is to read as follows:
.
NOTICE OF INTENTION TO ISSUE
TIME WARRANTS
The City of Schertz, Guadalupe County, Texas. wishes to purchase property
for use as a police station and courtroom and to provide funds for the rernod21ing
thereof under circumstances whereby the purchase of such property and remodeling
the structure thereon do not require that the purchase of such property and improve-
ment thereof, but will have the funds on hand from taxation sufficient to pay for
warrants issued for the purchase and improvement of the property aforesaid.
Notice is given that it is the intention of the City of Schertz, Guadalupe
County, Texas, to purchase certain real property in the City of Schertz, Guadalupe
County, Texas, and improve certain structures thereon for a police station and CQurt-
room for said City, and to pay for such property and its improvement by issuance and
delivery of interest bearing time warrants in an amount not to exceed $25,000.00 to
be authorized by the City Council of said City on the 16th day of November, 1972,
for the purpose of evidencing the indebtedness of the City of Schertz, Texas, to be
incurred in the purchase and improvement of the property aforesaid and for all
expenses necessary and incidental thereto: Said warrants to bear interest at a rate
not to exceed six (6) percent per annum containing prepayment privileges and havi~g a
maximum maturity date not later than five (5) years from date.
The City will make arrangements for the sellers of such property and those furnish-
ing material and labor for its improvement of the warrants herein mentioned to dis-
pose of said warrants at not less than par, and such parties must agree to deliver
the warrants at such price with the party with whom the City has made such arrange-
ments*
Given pursuant to an ordinance adopted by the City Council of the City of Schertz,
Texas, on the 21st day of September, 1972.
PASSED AND APPROVED this the 21st day of September, 1972.
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Mayor
ATTEST:
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C ecretary
(CITY SEAL)