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HomeMy WebLinkAbout002 - 04/17/1942 - AUTHORIZING THE ISSUANCE OF A REGISTERED WARRANT AT THE RATE OF NOT TO EXCEED 3% PER ANNUM AND $1750 ORDINANCE NO 2 19429 BEING AN EMERGENCY ORDINANCE, AUTHORIZING THE ISSUANCE OF A REGISTERED WARRANT AT THE RATE OF NOT TO EXCEED THREE PER CENT PER ANNUM AND FOR $1750 00 IN AMOUNT , FOR THE PURPOSE OF PAYING FOR DEFICIENCY IN CONNECTION WITH THE PURCIASE OF REAL ESTATE AT THE INTERSECTION OF SHIELDS AND OAK STREETS WHEREAS, An emergency and unforeseen contin- gency has arisen whereby it has become necessary to raise the sum of $1750 00 to pay the deficiency in connection with the purchase of the following described real estate , to-wit The North 89 feet of Lot 12 in Block 3, Wash- ington Place Addition to the City of Fort Col- lins , ana also commencing at the Northwest corner of said Lot 12 in Block 3 , Washington Place Addition to the City of Fort Collins, thence West 20 feet, thence South 89 feet, thence East 20 feet, thence North 89 feet to the point of beginning, and public necessity requires an additional appropriation of public funds therefor , THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT COLLINS Section 1 That there be and is hereby appro- priated out of the general revenues of the City of Fort Col- lins for the year 1942 and subsequent years , unless taken up prior thereto, the amount of 01750 00 , to be used for paying the deficiency in connection with the cost of the purchase of the real estate hereinabove described, which said sum shall be creaited on the books of the City Clerk and City Treasurer to Shields and Oak Streets Intersection Emergency Fund, and a registered warrant bearing interest at the rate of not to exceed three per cent per annum, as may be fixed by the City Treasurer, shall be issued by the City to cover said amount Section 2 In the opinion of the City Council an emergency exists for the preservation of the public health, peace and safety and this Ordinance shall take effect upon its passage under and by virtue of the authority contained in Sections 6 and 7 of Article IV of the City Charter Introduced, read at length, and adopted by the unanimous vote of all members of the City Council at a regular meeting of the City Council , held this 17th day of April , A D 1942 ayor Attest City Clerk -2- STATE OF COLORADO, ) ss County of Larimer ) I, MILES F HOUSE, City Clerk of the City of Fort Collins , do hereby certify and declare that the afore- said Ordinance, consisting of two ( 2) Sections , was duly proposed ana read at length at a regular meeting of the City Council , hela on the 17th day of April, A D 1942 , and was duly adopted and ordered published in the Larimer County Coloraaoan, a weekly newspaper and the official newspaper of the City of Fort Collins , by the unanimous vote of all members of the City Council, as an Emergency Ordinance, in accordance with the provisions of Sections 6 and 7 of Article IV of the City Charter , and thereafter and on to-wit the 23rd day of April, A D 1942 , said Ordinance No 2 was duly pub- lished in the Larimer County Coloraaoan, a weekly newspaper published in the City of Fort Collins , Colorado IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said City, this 23rd day of April , A D 1942 City Clerk