HomeMy WebLinkAbout1931-08-21-0900AM-Special ,i",,/ described and in favor of the ~ here~te~ l~e~I ', .
~ ; ' ~e~efore,' be ~t o~ered By the C~es~o~rs Cou~ of Br~oo ~o~: ' ""
~et the ~s of sa~d d~str~ot to be o~ed ~C~n School D~etr~ot No. ~0 ~o~oo~house~.''
:~I ' f'~, for the p~ose off the pu~heee, rep~r e~ equ~t of ~bl~o free so~o~ ~1~
.~, , ". the l~ts of ~oh ~str~o~ en~ the p~ohase off the neoessa~ s~tes th~efor. ,,, '~ , ~' .,~.
~ '~" ' Sa~ ~nds sh~ be n~be~d con~ecut~ve~ ~ one ~ ten~ ~l~e~' ~1 be of the', '
',
~ .' den~t~on of $200.00 each, a~r~aC~ $20~.00.
' ::~' ','" ,"'' Th~ shall be ~te~ September 15th, 193~, and ~hal~ be pa~bl~ ~eria~ as fol~ows,.
' " ..~wltt ~200.00 on ~he ~ret d~ of April 19~g~ ~d $2~.00 on the first ~y of April of '-
. , ,~ : each ~d eve~ year, ~h~eafter, to ~d ~nolu~ the year 1941, with option of red~ptio~.
L"] ..:.. '~ -. at ~ time after one year~ and bear~ five per o~t lnte~s~ per a~ She ~terest pay-'. ,'
, ". able ~nm~a~ as ~t aoo~es, on the first day of Ap~l of each y~.
.- ,' ~ne~p~ ~d interest on a~ve bo~s eha~ be ~'yable upon p~sentat~on an~ s~nder "'
':':' '" of ~nds or proper o~pons ~ law~l ~ney of the Unit~ States at the office off the
~' "~,. ~'the State of Texas a~ Au~tin~ Texas, or at office of C~ty Treasurer off B~os Co~ty~
'.:., .' , · . Te~s,' or at the First National ~ ~ B~, In t~ City off B~an~ S~te of Texas, a~
,,,, ~( ~he option of the holder.
' ' ; Sa~ bond~ s~ll be' s~d by the Cowry JudEa, oo~ter~lEn~ b~ thb cowry Clerk
-~ ~d reElstered by the Cowry treasurer~ and the seal of the o~issloners oourq s~ll
, ~ Z~ ls ~rther ordered by ~he oo~t' ~a~ to p~ the in~e~st on ~i~ ~s and ~ dis-
,..' °barge the ~nds as they ~u~, a t~ of a~ at ~e rote of 15~ on each ~.00 va~tio~"
~ ://:['j : of a~ta~b~e p~per~ ,n ~a,d o~ eok~ol ~ubJeot ~ ~t,on for th', ~pose, s~
be a~u~I~ lev~e~ on said p~p~ty and ~ua~ aesessed an~ oolleeted ~til ~lt
' ''-t / ~d ~l ~nte est the~on are paid, ~nd 'sal~ tax Is here n~ le~ on ~i~ p~p~ f~ the*
,, ,: ,, year 1931~ ~ for each ~bbee~ ye~ ~lle sal~ ~nds ~ ~ p~t ~eof a~ outs~
'~. '~ ',~ , ~, ~l~, and thd s~e s~IX be assessed and co,acted for the current ye~ ~ ~
~ ~ :.,' . 'the~after ~ appll~ to the pu~ose ~made , '" '
b~ ~. Boyett n~d duly seconded by C~m. Hartke'the foll~l~ resolution was ~ssed,'
m~bers vottn~ ~e. ~ ~su~t to a4ve~tise~ of s~e of $100~000.00 Brazes Co~
~e, Series "~, Bids ha~ been opens4 tn open O~,~oner, Co~t on th~e. 21st
A~st~ A.D, 19~1~ a~ after ha~ been ~ly ~a~te4 ~he b14 o~ The ~llas ~
C~ a~ FI~t Nat~on~ Se~r~t~e, C~ In Da~, wes fo~ ~ be ~e best ~
B14 for ,~d ~n~s; It 18 the~ffore or4ered '~ the C~ssl~ Co~t of Brazes
Texas, t~t ssi4' Bid be e~ the s~me hereby ls secure4 an~ ~et thls o~e= be enters4 ~n the
~nutes of She Co~ssloners Oo~t of B~s Co~ty, ~za.~ ~d A. 5. ~o~wain Cowry ~ud~e~
here~ autho~ze4 to have ~ond, printed ~d set opl~on ~ Masers C~p~n an4 Cu~ler of
Ohloa~o. Ill. p~s.l~ on leg~ltU of ,~d Bon~,. ~en s~e is done to dellver sa~ ~nds
~oelve the price therefor towlt: Far aod~ed interest ~ pre~ of $386.66 the ~e beln~
the b~d of the ~1~ D~las Ba~ ~ T~s~ Comply a~ F~rs~ Natlo~ Seo~t~ Co~,
~las~ ~ that the BI~ of ~e D~s B~n~ ~ T~ Com~ a~ Fl~St Na~on~ 5scuttles
p~ ~n D~las be reoorde~ in fha M~es of ~ls Co~t ~th this
T~ the Honorable Yudge
And County Commissioners
of Brazes County,
Bryan, Texase
For SXO0,O00.O0 legal~ issued Roa~Bonds, oons~Amting a direst an~ gener~l obli~etion of
all Brazes County, Texas; bearing interest at ~he rate of five (5~) per cent per annumt sa~d
Bonds to be date~ August 15th, 1931; with interest payable eemi-anr,,a11~ on August 15th,
and February 15th, of each year, and both principal and semi-an-ual interest payable in ~he
Olty of 2?aw York, H~ Y.; said Bonds to be in the denomination of $1,000.00 each, a~d to
mature se~Aa//~, without option of prior redemption, as foll~s:
$2.000.00 in each of the years 1933 to 1937 inclusive
5,O00eO0 i~ each of the years 1939, 1942, 1945, 1948, 1951, and 19~4.
lO,O00.O0 l~ each of the years 1957, 1960, 1.963, 1966, 1969, and 1970.
WE WILL PAY YOU THE P.kR VALUE TH_~T'OF, $100,000.00, Plus the Accrued Interest frc~
Date of the Bonds to Date of Delivery of Sane to us, and in Addition thereto a premium of
$386,66
Prior to delivery of the Bonds to us, we are to be furnished with a full and complete
transcript of a/1 prooeedAngs leading up to an~ culminating in the lssuame of these Bon~e~
which shall evidence to the satisfaction of Messrs. Chapman & Cutler of Chicago, Illinois,
that the Bonds are a legal and binding obligation of all Brazes County, Texas;
Delivery of said Bonds in accordance with the foregoing shall be made by you at either
· the Dallas Bank & Trust Company, Dallas, Texas, or to The First National Securities Oompa~F
ia Dallas, Texas.
As evidence of ou~ good faith, we herewith hand you Cashier' s ~heek ~208134 of the Della!
Bank & Trust Company, Dallas, Texas, in the amount of $1,000.00 payable to the order of County
· udge of Brazes County, Texas; said cheek to be held uneashed by y~u as evidence of our good
faith, but eventually cashed and utilized as part payment far said Bonds when delivered l~
aocordamoe with the Zel~s of this. e.ontraot, or returned to us ~mmediately in ease the
attorneys aforesaid fa~l to approvedthe legality of the Bonds or, in case delivery of the
is not made as herein agreed, or forfeited to yourselves as liquidate~ damages in full
settlement of our liability in the event we fail to comply with the terms of this eontraot~
This offer is made for ~-.-_~diata .acs.eptano? and if not so accepted our good faith check
is to be returned to us lmm~llately.
,,. Respectfully submitted,
DALLAS BA~E & T~UST COMPANY
, The for~o[~ offfer ~s he~ ~oepted and e~ Its te~ e~reed t6 th~
o~ A~st, [931~ ~ a copy hereoff, to,ether ~th th~ eooept~oe ~ o~ered,entere~ upon
the records of ~s meet~n~ of ~he Cowry ~lss~on~s held t~e da~;
A. S. MeSCal, Co~ Yule of
~ ,.~ Motion ~ O~ Fo Boye~t, seconded by Fr~ A. We~n t~t 50~x 90'O~ back
,2~es ~ a~ segregate s~e be back assesse~ at $~0.00 fo~ dilenquent
~xe8 on sal~ tmo~ be paid before Sept lSth, 1931. (Un~us~ oa~l~.)
Cour~ adjourned AUgust 21, 1931,
· ~hty C~erk, t~rszl~s Co,
County Xudge, B~azos County~Texaeo
aeptember 5, 19~1.
' On motion made by O~ F. Bo'yett Seconded by J. Harris, ~The Tax Collector of Rrazc~" ";;r '
County is suthorized to prorate taxes on tho 88 acre in To Fo MclCinney League tract ;?' '~'~
formally belonging to John Phillips so that the 40 acre tract ~esoribed in deed ~ro~
Oeo. Halsell to Do Mtke recorded in dee~"renord Book 79, p~ge 636 shall have a value
'of '$400.00 a~d t~e oth~r 48 acres at $600.00 thio order to be ma~e in oonsideratiol~ ''/'
~1~1 immediate payment of t~xee. Motion ,oarriedo ,, '' '.;' "[ ~.f
; ·
Be it remembered that on the 14~h d~ of S~t A D
~., . . ,
a~ the Court House Iff B~an, 'TeXas, a' re~l~ ~ession of the ~on. 'C~tesion~8 Oo~t
~
/ '. ,.,
Regular M~etlng of Commissioners Court
"'~'\,~ ~eptember 14, 1931. ·
"Court adjourned Sept. S, 1931.
_: