Minutes of a called Meeting of the City Council Austin Texas April 09, 1892 Hon John McDonald Mayor Presiding Roll call Roll call Present Aldermen Anderson, Assmann, Glass Blume Jackson, Kitchum, Linn, Miller, Morris, Newton, Nikette, North, Platt, Schober, Shelby, Sutor, Townsend, Warmoth - 18 Absent Aldermen, Graham, Schneider, Meyerman, Ziller The following call of the Council and certificate of service were read Office of Mayor Austin Texas April 7 1892 To the members of the Board of Aldermen of the City of Austin Gentlemen I hereby call a special Call of Mayor meeting of the City Council to assemble in the Council Chambers at the City Hall on this day April 9 1892 at five (5) Oclock P.M. for the purpose of considering a proposition offering to purchase $500,000 worth of Waterworks and Electric Light Bonds of the City of Austin. And also to levy City Taxes for the Year 1892 Yours & John McDonald Mayor Officers return 4. P.M. Austin Texas April 9 1892 I hereby certify that Aldermen Anderson, Assmann, Glass, Graham, Blum, Jackson, Kitchum, Linn Miller, Morris, Newton, Nikette, North, Platt, Schneider, Schober, Shelley, Sutor, Townsend, Warmoth, Meyerman, and Ziller, have been served with the above call of the council by having it read to each of them in person H Montgomery Sargent of Police Mayors Message The Mayor then presented the following message Austin Texas April 9, 1892 To the Hon City Council Gentlemen I have the honor to submit a proposition from the U.S. Trust Company of Kansas City and Geo W. Brackenridge of San Antonio for the purchase of $500,000 Austin City Bonds at 95 cents on the dollar together with a recommendation of the Board of Public Works Believing it to be for the best interest of the city I would most earnestly recommend the City Council to authorize the sale and delivery of the bonds the money received for same to be in the City Treasury to the credit of the water and light fund --- Page break --- 294 I would further recommend that the tax levy for 1892 be made as follows 80 cts on the 100 dollars for Tax levy rate of general revenue 10 " " the 100 on old City Limits for interest on 125,000 bonds issued prior to Jun 1889 84¾cts on 100 dollars for interest and sinking fund on the 1400,000 Water Works bonds 33½ ct on 100 dollars for School purposes making the total levy for 1892 2¢s on the 100 dollars We shall not need to sell the remaining 300,000 dollars for 8 months yet. This would enable us to remit a part of the 84¾ cts before the assessment rolls are turned over to the Collector for Collection I feel confident that the remaining 300,000 bonds can be sold at par by the time the money is needed John Mc Donald Mayor The following was then read Austin Texas April 8 1892 proposition to purchase Hon John McDonald Mayor of the City of Austin Tex Bonds Dear Sir The undersigned hereby offer to take five hundred thousand ($500 000) dollars of City of Austin Waterworks and Electric Light five per cent gold bonds at ninety five cents on the dollar and accrued interest. Said Bonds if awarded to us shall be delivered at once to our agents in the City of Austin and paid for in full on the date of delivery. Enclosed we hand you certificate of deposit payable to the order of the treasurer of the City of Austin as an earnest of good faith. Respectfully, The United States Trust Co of Kansas City Mo Geo W Brackenridge Of San Antonio Texas By their Agents and Attorneys Jus H Raymond & co The following was read Office of communication from Board of Public Works Austin Tex April 8 1892 Board of Public Works Hon Mayor and City Council Austin Texas Gentlemen. I have the honor to hand you herewith a proposition from the United States Trust Company of Kansas City Mo and Geo W Brackenridge of San Antonio Texas by their agents and Attorneys Jas H Raymond & co to purchase five hundred thousand dollars ($500,000) of the Austin Water Works and Electric Light Bonds at 95 cents on the dollar and accrued interest, together with a certificate of deposit payable to the order of the city Treasurer for ten thousand dollars ($10,000) --- Page break --- 295 Said proposition was received by the board of public works at a meeting held on this date and a motion prevailed by a unanimous vote of the board referring the proposition to the city Council with the recommendation that it be favorably considered Very Respectfully W J Oliphant-- Secretary Board of Public Works Alderman Graham entered the Council and answered to his name Ordinance authorizing The following ordinances were then introduced Sale of Bonds By Alderman North. An Ordinance to authorize the delivery and sale of the water works and electric light bonds of the city of Austin to the amount of five hundred thousand dollars heretofore issued by the city It was read the first time after which a motion was made to suspend the rules and place the same on its second reading which prevailed by the following vote Yeas Aldermen. Anderson. Assmann. Glass. Graham. Hume. Jackson. Ketchum. Linn. Miller. Morris. Newton. Nitschke. North. Schuber. Shelley. Sutor. Townsend. Warmoth.- 18 Nay. Alderman. Platt. The ordinance was accordingly read after which a motion was made to suspend the rules and place the ordinance on its third reading which was adopted by the following vote. Yeas Aldermen. Anderson. Assmann. Glass. Graham. Hume. Jackson. Ketchum. Linn. Miller. Morris. Newton. Nitschke. North. Schuber. Shelley. Sutor. Townsend. Warmoth.- 18 Nay. Alderman Platt The ordinance was then read a third time and an motion passed by the following vote Yeas. Alderman. Anderson. Assmann. Glass. Graham. Hume. Jackson. Ketchum. Linn Miller Morris. Newton. Nitschke. North. Schuber Shelley Sutor. Townsend. Warmoth. - 18 Nay. Alderman. Platt Ordinance providing By Alderman North. An Ordinance providing for the levy of Taxes for the levy and collection of a tax of eighty cents on each one hundred dollars worth of property within the limits of the city of Austin for the year 1892 It was read the first time after which a motion was made to suspend the rules and place the ordinance on its second reading which was adopted by the following vote Yeas Aldermen. Anderson Assmann. Glass. Graham. Hume. Jackson. Ketchum. Linn. Miller. Morris. Newton. Nitschke. North. Platt. --- Page break --- 296 Schuber, Shelley, Sutor, Townsend, Warmoth. - 19 The Ordinance was accordingly read after which a motion was made to suspend the rules and place the same on its third reading which was adopted by the following vote Aldermen, Anderson, Assmann Glass Graham, Hume, Jackson, Ketchum, Linn Miller, Morris, Newton, Nitschke, North, Platt Schuber, Shelley, Sutor, Townsend, Warmoth- 19 The Ordinance was then read a third time and on motion passed by the following vote Yeas, Aldermen Anderson, Assmann, Glass Graham Hume, Jackson Ketchum Linn, Miller, Morris Newton, Nitschke, North, Platt, Schuber, Shelley, Sutor Townsend, Warmoth, - 19 ordinance levying a tax of 84¢/c6 By Alderman, North. An Ordinance levying a levy of eighty four & 2/3 cents on each one hundred worth of property within the limits of the city of Austin for the year 1892 to pay interest and sinking fund of the water works and Electric Light bonds of the city of Austin It was read the first time after which a motion was made to suspend the rules and place the ordinance on its second reading which was adopted by the following vote Yeas Aldermen, Anderson, Assmann, Glass Graham Hume, Jackson, Ketchum, Linn, Miller, Morris, Newton, Nitschke, North, Platt, Schuber, Shelley, Sutor, Townsend, Warmoth - 19 The ordinance was then read a second time, after which Aldermen North moved, to amend the caption and section one of the same by striking out the words and figures "Eighty four and 2/3 cents" and inserting in lieu thereof the following, " One dollar eleven and one half cents ($1.11½)" the amendments were adopted after which a motion was made to suspend the rules and place the Ordinance on its third reading which was carried by the following vote Yeas Aldermen, Anderson, Assmann Glass, Graham, Hume, Jackson, Ketchum, Linn Miller Morris, Newton, Nitschke, North, Platt, Schuber, Shelley, Sutor Townsend, Warmoth -19 The Ordinance was then read a third time and on motion passed by the following vote Yeas, Aldermen, Anderson, Assmann, Glass, Graham Hume, Ketchum, Jackson Linn, Miller, Morris, Newton, Nitschke, North, Platt, Schuber, Shelley, Sutor, Townsend Warmoth. - 19 --- Page break --- 297 By Aldermen North, An ordinance providing Providing for the levy for the levy and collection of a tax of ten cents on each and the levy of a tax one hundred dollars worth of property within the former of ten cents limits of the city of Austin to pay the interest on the valid bonds of the City of Austin issued prior to may 1 1890 It was read the first time after which motions were made to suspend the rules and place the same on its second and third readings and that it do now pass all of which were duly adopted by the following vote and complied with Yeas. Aldermen. Anderson. Assmann. Glass. Graham Hums. Jackson. Ketchum. Linn Miller. Morris. Newton. Nitschke North. Platt. Schuber. Shelley. Sutor. Townsend. Warmoth. - 19 Ord to levy a tax of By Alderman North. An ordinance levying a tax of one third of one p/o one third of one percent for the support and maintainance of the public schools for the year 1892 It was read the first time after which motions were made to suspend the rules and place the ordinance on its second and third readings and that it do now pass All of which were adopted by the following vote yeas. Aldermen Anderson. Assmann. Glass. Graham Hums. Jackson. Ketchum. Linn. Miller. Morris. Newton Nitschke. North. Platt. Schuber. Shelley. Sutor. Townsend Warmoth. - 19 Ordinance repealing By Aldermen North An Ordinance repealing sect 4 of an ord section four of an ordinance. entitled "an ordinance to provide for the issuance and of sale of the bonds of the City of Austin to the amount of One Million Four Hundred Thousand dollars for the purpose of erecting a system of water works and furnishing By and to the City of Austin and to regulate the disbursement of their proceeds It was read the first time after which motions were made to suspend the rules and place the ordinance on its second and third readings. And that it do now pass all of which were adopted by the following vote and were duly complied with Yeas Aldermen. Anderson. Assmann. Glass. Graham. Hums. Jackson. Kischum. Linn. Miller Morris. Newton. Nitschke. North. Platt. Schuber. Shelley. Sutor. Townsend. Warmoth. - 19 Resolution Aldermen North. Introduced the following Resolved. That in view of the slanders which have been circulated concerning the water works bonds of Austin and considering the financial stringency existing throughout the civilized world and especially in Texas, it is the sense of this body that the City of Austin and its --- Page break --- 298 citizens owe a debt of gratitude to the finance committee of the board of public works for having so successfully negotiated a sale of half a million of our bonds at such satisfactory prices The resolution was unanimously adopted The Council then adjourned Milton Morris, City Clerk