Austin Water Bonds Funding Approved
• Emergency funding passed: City Council unanimously approved $4,900 to purchase bonds for the water and light department's sinking fund, with all 11 aldermen voting yes.
• Additional refunding approved: Council also unanimously approved $5,000 for bonds related to older refunding debt issued before May 1890, clearing another financial obligation.
• Quick special session: The meeting was called as an emergency session specifically to handle these two financial matters, suggesting the city needed to act quickly on its bond obligations.
• Full support: Both ordinances passed under suspension of normal rules with zero opposition, indicating broad agreement on the city's financial priorities.
Full Transcript
Called Meeting of the City Council Austin Texas July 19, 1901 Hon. W.D. Shelley President of the Council presiding Roll Called Present Aldermen Davis Wortimen Redd Schneider Shelley Shumate Stumpf and UlitAbsent Aldermen Crooker Gillis Hume, Lora Maddox Nitschke 6 Agst. [illegible] present. [illegible] The following Roll was read. Austin Texas July 19th 1901 Roll A special session of the City Council of the City of Austin is hereby Called to meet in the Council Chamber at City Hall at 5 o'clock P.M. this day for the purpose of appropriating money to purchase bonds for the Sinking fund of the water light bonds of the City of Austin and for the Sinking fund of the Refunding bonds of said City W.D. Shelley City Mayor J.P. Schneider 1st Ward W.A. Redd 1st Ward T.D. Davis 2nd Ward Wm Ulit- 5th Ward
I J.F. Montgomery City Marshal of the City of Austin do hereby Certify that the following named Aldermen have been Served with the above Call, Viz: Aldermen Redd Schneider Shelley Shumate Nitschke Ulit and Aldermen Lora Davis Gillis- And Aldermen Crooker & Maddox. being out of the City, a true Copy of said Call left at their residences J.F. Montgomery City Marshal
Alderman Schneider moved a Call of the Marshal which was ordered and the Marshal directed to bring in absenteesAlderman Hume & Lora entered the Council Chamber and answered to their names and on motion the Call was suspended. $4,900.00 to By Alderman Hume An ordinance appropriating the sum of purchase bonds $4,900.00 to purchase bonds for the Sinking fund of the water and sinking fund light bonds of the City. The ordinance was passed under wat bonds Suspension of the rules by the following Vote Yeas Aldermen Davis Hume Lora Wortimer Nitschke Redd X Schneider Shelley Shumate Stumpf Ulit- Nays None 11 $5000. to purchase By Alderman Hume An Ordinance appropriating the bonds sinking fund of $5000. to purchase bonds for the Sinking fund of the wat. bonds. Refunding bonds issued prior to May 1st 1890. refunding bonds. The ordinance was passed under Suspension of the rules by the following Vote ✓ Yeas Aldermen Davis Hume Lora Wortimer Nitschke Redd Schneider Shelley Shumate Stumpf & Ulit- Nays None 11
On Motion the Council adjourned J.B. Johnson City Clerk