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HomeMy WebLinkAbout1976-004ORDINANCE NO 76-1 ORDINANCE DIRECTING THE ISSUANCE OF NOTICE OF SALE OF BONDS THE STATE OF TEXAS COUNTY OF DENTON CITY OF DENTON THE CITY COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS 1 That the City Secretary is directed to issue a Notice of Sale of Bonds in substantially the following form "OFFICIAL NOTICE OF SALE CITY OF DENTON, TEXAS GENERAL OBLIGATION ST EET IMPROVFMENT BONDS, SERIES 1976 S 1, ©op n o 0 GENERAL OBLIGATION PARK IMPROVEMENT BONDS, SERIES 1976 The City Council of the City of Denton, Denton County, Texas, will receive sealed bids at the Municipal Build- ing in the City of Denton until �7Cb-Q m , on the 64 day of 1976, for the purchase of $� General Obligation Street Improvement Bonds, to k�e dat,9d 1976, and to mature serially on o each year 1919 through 19?,� $1,cw ooO General Obligation Park Improvement Bonds, to be dated , 1976, and to mature serially on �v each year 1919 through 19% Sealed bids, plainly marked "Bid for Bonds", should be addressed to "Honorable Mayor and City Council, City of Denton, Texas", and must be submitted on the "Official Bid Form" to be made available by the Ciry Council prior to the date of sale All sealed bids will be publicly opened and tabulated before the Council Copies of the "Official Statement" and "Official Bid Form" are being prepared and will be mailed to prospec- tive bidders on or about March 15, 1976, and will be furnished to any prospective bidder upon request, by First Southwest Conpany, Mercantile Bank Building, Dallas, Texas, 75201, Financial Advisors to the City The City reserves the right to reject any and all bids and to waive any and all irreqularities By order of the City Council of the City of Denton, Texas BROOKS HOLT City Secretary City of Denton, Texas" special elections, which shall be held as nearly as practicable according to the provisions for a regular election The hours and places for holding all city elections shall be determined by the City Council (b) Three councilpersons shall be elected on the first Saturday in April, 1977 At this election the candidate who receives the majority of the votes cast for each place shall be declared elected to that place The places to be filled shall be Places One, Two and Three The two carry over members shall fill Places Four and Five and shall serve the balance of their term until their successors are elected and qualified Thereafter, three councilpersons shall be elected in each odd - numbered year for Places One, Two and Three and two councilpersons shall be elected in each even - numbered year to Places Four and Five SECTION 3 04 - CANVASS ELECTION RETURNS, RESULTS (a) Immediately after counting the votes the presiding judge shall deliver the official re- turns of the election to the City Secretary On the next Tuesday following the election, the City Council shall canvass the returns and declare the results The returns of every municipal election shall be recorded in the Minutes of the Council (b) The candidates receiving the majority of the votes cast for each place shall be declared elected If no candidate receives a majority, or if there is a tie, for any one place, the Council shall order a second election to be held on the fourteenth day after the first election to fill that place Only the names of the candidates who tie for the highest number of votes cast for that place, or the two candidates who receive the high- est number of votes with neither having a majority of votes cast for that place, shall be printed on the ballot for each such election In the event of a tie vote at the second election, the candidates who tie shall cast lots in the presence of the City Secretary to determine which one shall be declared elected, and said lots shall be cast within five days of the second election AMENDMENT NO TWO FOR SECTION 2 04 - VACANCIES IN COUNCIL AGAINST Where a vacancy in any place on the council shall occur, the vacant place shall be filled by a special election, and, where necessary, by a run- off election, in the same manner as provided in this charter for the regular election of the councilperson Such special election shall be held on a Saturday within sixty days following the creation of the vacancy, and the run-off election, where necessary, shall be held on the fourteenth day after the preceding election, pro- vided, however, that where a vacancy shall occur within one hundred and twenty days of a regular election, no special election to fill the vacancy shall be called, unless more than one vacancy occurs CERTIFICATE FOR ORDINANCE DIRECTING THE ISSUANCF OF NOTICE OF SALE OF BONDS THE STATE OF TEXAS COUNTY OF DENTON CITY OF DENTON We, the undersigned officers of said City, hereby certify as follows 1 The City Council of said City convened in REGULAR MFETING ON THE 3RD DAY OF FEBRUARY, 1976, at the Municipal Building (City Hall), and the roll was called of the duly constituted officers and members of saiWMa ouncil, to -wit Brooks Holt, City Secretary Tom D Jest e Terrell King Elinor Hughes Ray Stephens Joe Mitchell and all of said persons were present, except the following absentees tilCtiE thus constituting a quorum Whereupon, among other business, the following was transacted at said Meetinq a written ORDINANCE DIRECTING THE ISSUANCE OF NOTICE OF SALE OF BONDS was duly introduced for the consideration of said City Council and read in full It was then duly moved and seconded that said Ordinance be passed, and, after due discussion, said motion, carrying with it the passage of said Ordinance, prevailed and carried by the following vote AYES All members of said City Council shown present above voted "Aye" NOES None 2 That a true, full, and correct copy of the aforesaid Ordinance passed at the Meeting described in the above and fore- going paragraph is attached to and follows this Certificate, that said Ordinance has been duly recorded in said City Council's minutes of said Meeting, that the above and foregoing paragraph is a true, full, and correct excerpt from said City Council's minutes of said Meeting pertaining to the passage of said Ordi- nance, that the persons named in the above and foregoing paragraph are the duly chosen, qualified, and acting officers and members of said City Council as indicated therein, that each of the officers and members of said City Council was duly and sufficiently noti- fied officially and personally, in advance, of the time, place, and purpose of the aforesaid Meeting, and that said Ordinance would be introduced and considered for passage at said Meeting, and each of said officers and members consented, in advance, to the holding of said Meeting for such purpose, and that said Meet- ing was open to the public, and public notice of the time, place, and purpose of said meeting was given, all as required by Vernon's Ann Civ St Article 6252-17 3 That the Mayor of said City has approved, and hereby approves, the aforesaid Ordinance, that the Mayor and the City Secretary of said City have duly signed said Ordinance, and that the Mayor and the City Secretary of said City hereby declare that their signing of this Certificate shall constitute the signing of the attached and following copy of said Ordinance for all pur- poses SIG AND SEALED,a 3rd day of Febru Secreta or (S L)--------------------------------------- --------------- We, the undersigned, being respectively the City Attorney and the Bond Attorneys of the City of Denton, Texas, hereby cer- tify that we prepared and approved as to legality the attached and following Ordinance prior Ye-3ts passage as aforesaid rneys 2 That said Notice shall be published once in The Bond Buyer, New York, New York, which is a national publication regularly and primarily carrying financial news and municipal bond sale notices, and said Notice also shall be published once in the "Denton Record -Chronicle", which has been designated as the official newspaper of the City of Denton Said publica- tions shall be made at least thirty days prior to the day set for receiving bids e