10241956 Regular Meeting - Laserfiche WebLink

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I I I l'i () '\ connection therewith, in the total amount of $12,875.06, be and the same are hereby allowed and approved and declared to be the lawful indebtedness of said City; and that the assignment of said claims to the First National Bank, San Marcos, Texas, be and the same is hereby approved and accepted. II. That in accordance with this ordinance and with the ordinance of the City Council passed September 7,1955, there shall be exe- cuted and delivered to the First National Bank, San Marcos, Texas, CITY OF SAN MARCOS FIRE STATION AND EQUIPMENT WARRANTS, Numbers 74 to 85, inclusive, in the denomination of $1,000 each aggregating $12,000.00, evidencing the indebtedness due by the City of San Marcos, Texas, to said First National Bank, San Marcos, Texas, as assignee of said claims; and that the excess of $875.06, as shown by said claims, be paid in cash by the City. III. That the City of San Marcos having received full value and consideration for the warrants hereinabove described, the City Treasurer is hereby authorized and instructed to register said warrants, and after registration thereof, to deliver same to the First National Bank, San Marcos, Texas, and the Mayor Pro Tern, City Secretary and City Treasurer, are hereby authorized to execute such other and further instruments, certificates and state- ments as shall be necessary, convenient or appropriate to reflect the entire validity of said warrants. IV. By reason of the fact that the City Council of the City of San Marcos, Texas, considers the passage of this ordinance necess- ary for the general welfare of said City, and of its citizens, it is hereby declared to be an emergency measure demanding that the rule requiring ordinances to be read at more than one meeting of the City Council be suspended, and that this ordinance take effect immediately from and after its passage, and it is so ordained.