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Austin Bonds & Water Debt 1898

Monday, August 22, 1898 special called

Major Debt Reduction: Council considered spending $10,150 to buy back and retire Water and Light bonds, though the vote to fast-track it failed after aldermen disagreed on the amount.

Sinking Fund Approved: Council unanimously passed a $6,000 ordinance to purchase bonds for a city sinking fund covering debts issued before May 1900—essentially setting aside money to pay down old municipal debt.

Budget Debate: Alderman Taylor attempted to reduce the water bond spending from $10,150 to $5,650, but the amendment was defeated 11-5, suggesting council wanted to prioritize debt repayment.

Procedural Disagreement: Council blocked a motion to expedite the water bonds ordinance, indicating some aldermen wanted more deliberation before final passage on this larger expenditure.

Full Transcript

42 Minutes of a Called Meeting of the City Council. Austin Texas August 22, 1898. Called Meeting Hon. W. D. Shelley, President of the Council presiding. Roll called. Present Aldermen Belvin, Crooner, Fischer, Haynes, Kuhn, Maddox, McLemore Miller, Platt, Powell, Read, Rosengren, Shelley, Stumbf, Taylor and Zilver 16 Absent: Aldermen Deaky, Norton, Morris, Nitschke, Roberdeau and Townsend 6. Roll of Council The following call of the Council was read: Austin, Texas August 22nd 1898 A special meeting of the City Council of the City of Austin, Texas is hereby called to meet in the Council Chamber at the City Hall, at 8:30 o'clock pm this 22nd day of Aug. 1898 for the purpose of considering an ordinance appropriating the sum of $10,150.00 for the purpose of purchasing and retiring Water and Light Bonds of the City, also for the purpose of considering an ordinance appropriating the sum of $6000.00 for the purpose of purchasing and retiring Funding Bonds of the City. Jno. D. McCall, Mayor. Austin Texas, August 22nd 1898 City Marshals A.P.M. I hereby certify that the following named Aldermen have Certificate of been served with the above call by having it read to each of them in Serving person viz: Deaky, Belvin, Crooner, Fischer, Haynes, Kuhn, Maddox, McLemore, Miller, Morris, Platt, Cowell, Read, Rosengren, Shelley, Stumbf, Taylor, Townsend and Zilver, and that Aldermen Norton, Nitschke and Roberdeau have been served by a true copy having been left at each of their respective residences, they being out of the City. Jas. E. Lucy, City Marshal N° Ord. Appro $10,150.00 The Chair laid before the Council an ordinance appropriating the sum of To purchase & retire $10,150.00 for the purpose of purchasing and retiring Water and Light W & L Bonds Bonds of the City. Read 2nd Time The ordinance was read the second time. Alderman Taylor moved to amend the ordinance by striking out $10,150.00 and inserting $5,650.00 which motion was lost by the following vote: Yeas: Aldermen Crooner, Fischer, Maddox, Read and Taylor 5 Nays: Aldermen Belvin, Haynes, Kuhn, McLemore, Miller, Platt, Cowell, Rodengren, Shelley, Stumbf and Zilver 11. Alderman Taylor moved to suspend the rules and place the ordinance on its third reading and final passage, which motion was lost by the following vote: Yeas: Aldermen Crooner, Fischer, Maddox, Miller, Platt, Read & Taylor 7 Nays: Aldermen Belvin, Haynes, Kuhn, McLemore, Cowell, Rosengren, Shelley, Stumbf and Zilver 9. It is move to go and toward the Council Chamber. By Alderman Taylor. An ordinance appropriating the sum of $6000.00 for the purpose of purchasing Bonds for the Sinking Fund of Bonds issued prior to May 1st 1900. The ordinance was passed under suspension of the rules by the following vote: --- Page break --- Yeas: Aldermen Belvin, Crocker, Fischer, Hayes, Kuhn, Maddox, McLemore, Miller, Pratt, Powell, Redd, Rosengren, Shelley, Strumpf, Saylor, Townsend and Fulmer, 19. Nays: None. On motion Mayor McCall was excused from attendance at this session of the Council. On motion the Council adjourned Geo. A. Jefferson City Clerk