HomeMy WebLinkAbout03-1978
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CERTIFICATE FOR
ORDINANCE AUTHORIZING 'iHE ISS',]ANCE OF CITY OF DENTON C,
ELECTRIC: SYSTrit FEV~:NOr PEFT3I3DING PONDS, SERIES 1973
THE STATE OF TEXAS
COUNTY 02 DENTON
CITY OF DENTON
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We, the undersigned officers of said City, hereby certify
as follows:
1. The City Council of said City convened in
REGULAR MEETING ON THE 21ST DAY OF MARCH, 19780
at the Municipal Building (City Hall), and the roll was called
of the duly constituted officers and members of said City
Council, to-wit:
Brooks Holt: City Secr-ataxy Elinor Hughes, Mayor
Bill Nash Jick Stewart
Joe Mitchell Mazy Claude Gay
and all of said persons were present, (except the following
absentees: e. 1?: _
thus constituting a quorum. Whereupon, among other business,
the following was transacted at said Meeting: a written
ORDINANCE AUTHORIZING THE ISSUANCE OF CITY OF DENTON
ELECTRIC SYSTEM REVENUE REFUNDING BONDS, SERIES 1978
was duly introduced for the consideration of said City Council
and read in full. was then duly moved and seconded that
said Ordinance be passed; and, after due discussion, said mo-
tion, carrying with it the passage of said Ordinance, prevail-
ed and carried by the following vote:
AYES: All members of said City Council
shown present above voted "Aye".
NOES: None.
That a true, full, and correct Lopy of the aforesaid
Ordi ance 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 thq above and foregoing para-
graph are the duly chosen, qualified, and actinv officers and
members of said City Council as indicated therein; that each of
the officers and members of said City council was di%ly and suffi-
ciently notified 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 ad-
vance, to the holding of said Meeting for such purpose; and that
said Meeting was open to the public, and public notice of the
time, place, and purpose of said meeting was given, all as re-
quired 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 de-
claxa that their signing of this Certificate shall constitute
the signing of the attached and following copy of said Ordinance
for all purposes.
SICNEQ AND SEALED!,t 21st day of !larch, 1978.
I
ty Secretary Mayor
(SEAL)
We, the undersigned, being respectively the City Attorney
and the Bond Attorneye of the City of Denton, Texas, hereby cer-
tify that we prepared and approved as to legality the attached
and following Ordinance prior to it:y Nassage as aforesaid.
City Attorney
Bond -attorneys,
ORDI14ANCE NO.
ORDI14ANCE AUTHORIZING THE ISSUANCE OF
CITY OF DENTON ELECTRIC SYSTEM REVENUE REFUNDING BONDS
SERIES 1978
THE STATE OF T XAS
COUI4TY OF DENTON
CITY OF DENTON
WHEREAS, the City of Denton, Texas (the "City") has duly
issued, and there are now outstanding, pursuant to Vernon's
Ann. Tex. Civ. St. Articles 1111 through 1118 and other appli-
cable laws, the following series or issues of Electric Revenue
Bonds which are secured solely by a pledge of the Net Revenues
of the City's electric light and power system (the "System"):
City of Denton Electric Revenue Bonds, Series
1954, dated November 1, 1954, now outstanding
in the acgregate principal amount of - - - - - $1,385,000
City of Denton Electric Revenue Bonds, Series
1955, dated flay 1, 1955, now outstanding in
the aggregate principal amount of - - - - - - $ 461,000
City of Denton Electric Revenue Bonds, Series
B, 1955, dated November 1, 1955, now outstand-
ing in the aggregate principal amount of - - - $ $01,000
City of Denton Electric Revenue Bonds, Series
1961, dated January 1, 1961, now outstanding
in the aggregate principal amount of - - - - - $41060,000
City of Denton Electric Revenue Bonds, Series
1965, dated January 1, 1965, now outstanding
in the aggregate principal amount of w - - - - $1,2251000
City of Denton Electric Revenue Bonds, Series
1960, dated February 1, 1968, now outstanding
in the aggregate principal amount of - - - - - $ 550,000
City of Denton Electric Revenue Bonds, Series
1970, dated September 1, 1970, now outstanding
in the aggregate principal amount of - - - - - $2,5201000
City of Denton Electric Revenue Bonds, Series
1972, dated May 1, 1972, now outstanding in
the aggregate principal amount of - - - - - - $4,800,000
City of Denton Electric Revenue Bonds, Series
1974, dated July 1, 1974, now outstanding in
the aggregate principal &mount of - - - - - - $1,400,000
(collectively the "Outstanding Bonds"); and
WHEREAS, the Outstanding Bonds are the only bonds or other
obligations secured by or payable from the Net Revenues of the
System; and
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WHEREAS, the City Council of t:Le City is the governing
body of the Cite; an,'., r
WHEREAS, the refunding bonds hereinafter authorized are
to be issued and delivered pursuant to Chapter 642, Acts of
the 65th Legislature, Regular session, 1977 (Vernon's Ann. Tex.
Civ. St. Article 1118n-12), for the purpose of refunding all
of the Outstanding Bonds.
THEREFORE, THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
Section 1. BONDS AUTHORIZED. That the City's bonds are
hereby authorized to be issued in the principal amount of
S191255,0001 FOR THE PURPOSE OF REFUNDING ALL OF THE OUTSTAND-
ING CITY OF DENTON ELECTRIC REVENUE BONDS.
Section 2. BONDS DESIGNATED. That said bonds shall be
designated as the: "CITY OF DENTON ELECTRIC SYSTEM REVENUE
REFUNDING BONDS, SERIES 1978 (the "Bonds").
Section 3. DATE AND MATURITIES. That tho Bonds shall
be dated MARCH 15, 1978, shall be in the denomination of $5,000
each, shall be numbered consecutively from one upward, and
shall mature serially on the maturity date, in each of the
years, and in the amounts, respectively, unless redeemed prior
to maturity as required or permitted in the FORM OF BOND set
forth in Section 6 of this Ordinance, as set forth in the follow-
ing schedule:
MATURITY DATE: DECEMBER 1
YEARS AMOUNTS YEARS AMOUNTS
1985 $ 855,000 1992 $ 600,000
1986 1,135,000 1993 6000000
1987 11165,000 1994 600,000
1988 1120.0;.000 1995 600,000
1989 1,200,000 1996 5000000
1990 1,200,000
1991 600,000 2007 91000,000
Section 4. INTEREST. That the Bonds scheduled to mature
during the years, respectively, set forth as follows shall bear
interest from the date thereof to maturity or redemption at the
following rates per annumc
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maturities 1985, 4.608 maturities 1592, 5.158
maturities 1986, 4.706 maturities 1993, 5.208
maturities 1987, 4.808 maturities 1994, 5,208
maturities 1988, 4.90% maturities 1995, 5.258
maturities 1989, 5.008 maturities 1996, 5.258
maturities 1990, 5.058
maturities 1991, 5.108 maturities 2007, 5.858
Said interest shall be evidenced by interest r.oupons which
shall appertain to the Bonds, and which shall be payable in
the manner provided and on the dates stated in the FORM 05
2OND set forth in Section 6 of this ordinance.
Section 5. GENER.XL CHARACTERISTICS. That the Bonds and
interest coupons shall be issued, shall be payable, shall and
may be redeemed prior to their scheduled maturity, shall have
the chrracteristics, and, shall be signed and executed (and the
Bonds shall be sealed), all as provided, and in the manner in-
dicated, in the FOR14 OF BOND set forth in Section 6 of this
Ordine-ice.
Section 6. FORMS. That the form of the Bonds, including
the form of Registration Certificate of the Comptroller of
Public Accounts of the State of Texas to be printed and en-
dorsed on each of the Bonds, and the fr,ti of the aforesa`.d in-
terest coupons which shall appertain and be attached initially
to each of the Bonds, shall be, respectively, substantially as
follows:
FORM OF BOND:
NO. $5,000
UNITED STATES OF AMERICA
STF.TE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
ELECTRIC SYSTEM REVENUE REFUNDING BOND
SERIES 1978
ON DECEMBER 10 , THE CITY OF DENTON, IN DENTON COUNTY,
TEXAS, hereby promises to pay to bearer hereof the principal
amount of
FIVE THOUSAND DOLLARS
and to pay interest thereon at the rate of 8 ner annum
from the date of this Bond, evidenced by interest coupons
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.
payable DECEMBER 1, 1978, and semiannually on each JUN: I
and DECEMBER 1 thereafter while this Bond is outstanding.
THE PRINCIPAL of this Bond and the interest coupons ap-
pertaining hereto shall be payable to bearer, in lawful money
of the United States of America, without exchange or collec-
tion charges to the bearer, upon presentation and surrender
of this Bond or proper interest coupon, at the following,
which, collectively, shall constitute and be defined as the
"Paying Agent" for this Series of Bonds:
THE FOP.P WORTH NATIONAL BANK, FORT WORTH, TEXAS,
(,R, AT THE OPTIO14 OF THE BEARER, AT
FIRST STATE BANK OF DENTON, DENTON, TEY.AS,
THIS BOND is one of a Series dated as of MARCH 15, 19780
authorized and issued in the principal amount of $19,255,000,
FOR THE PURPOSE OF REFUNDING ALL OF THE OUTSTANDING CITY OF
DENTON ELECTRIC REVENUE BONDS.
ON DECEMBER 1, 1997,
and annually on DECEMBER 1 of each year shereafter, the out-
standing Bonds of this Series are subject to mandatory re-
demption prior to maturity with funds from the "Retirement
Fund",hereinafter described, and shall be redeemed in part
prior to maturity with funds from said "Retirement Fund", for
the principal amount thereof and accrued interest to the date
of redemption, and without premium, on DECEMBER 1 of each year,
and in the principal amounts. as set forth in the following
schedule:
Year Principal Amount Year Principal Amount
1997 $300,000 2002 $300,000
1998 3000000 2003 300,000
1999 250,000 2004 300,000
2000 275,000 2005 3500000
2001 275,000 2006 350,000
The particular Bonds to be redeemed on each such date shall
be chl-)&en at random, by lot or other customary method, by tho
"Escrow Agent" for the "Retirement Fund", hereinafter describ-
ed: provided however that the principal amount of the Bonds
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required to be redeemed pursuant to the operation of such
mandatory sinking fund shall be reCuced, at the option of the
City, by the principal amount of any Bonds which, at least_ 45
days prior to the mandatory sinking fund redemption date, (1)
shall have been acquired by the City and delivered to the
"Escrow Aqent" for the "Retirement Fund" for cancellation or
(2) shall have been purchased and cancelled by said "Escrow
Agent" with funds from the "Retirement Fund", at the request
of the City, at a price not exceeding the principal amount of
such Bonds plus accrued interest to the! date of purchase there-
of.
ON JU14E 1, 1993,
or on any interest payment date thereafter, the outstanding
Bonds of this Series may be redeemed prior to their scheduled
maturity, at the option of said City, with funds derived from
any source, in whole, or in part, for the principal amount
thereof and accrued interest thereon to the date fixed for re-
demption, and without premium.
AT LEAST thirty days prior to the date fixed for any prior
redemption said City (acting either through its own officers
or through The Fort Worth National Bank, Fort Worth, Texas,
as one of the Paying Agents, and as trustee and "Escrow Agent"
for the "Retirement Fund", hereinafter described) stall cause
a written notice of such redemption to be published at least
once in a financial publication published in The City of New
York, New York. By the date fixed for any such redemption due
provision shall be made for the payment at the "Paying Agent"
of the principal amount of the Bonds which are to be so redeem-
ed and accrued interest thereon to the date fixed for redemption.
If such written notice of redemption is published and if due
provision for such payment is made, all as provided above, the
Bonds which are to be so redeemed thereby automatically shall
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be redeemed prior to their scheduled maturities, and they shall
not bear interest after the date cixed for redemption, and they
shall not be regarded as being outstanding except for the right
of the bearer to receive the vedemption price from the "Paying
Agent" out of the funds provided for such payment.
IT IS HEREBY certified, recited, and covenanted that this
Bond has been duly and validly authorized, issued, and deliver-
ed pursuant to the applicable laws of the State of Texas, in-
cluding particularly Vernon's Ann. Civ. St. of Texas, Article
1118n-12; that all acts, conditions, and things required or
proper to be performed, exist, and be done precedent to or in
the authorization, issuance, and delivery of this Bond a,id the
Series of which it 1.s a part have been performed, existed, and
been done in accordance with law; that this Bond and the Series'
of which it is a part constitute special obligations of said
City, secured by and payable from an irrevocable first lien on
and pledge of the "Pledged Revenues", as defined in the Ordi-
nance authorizing this Series of Bonds (the "Ordinance"), which
include initially the "Net Revenues of the City's Electric
Light and Power System", as such term is defined in the Ordi-
nance, and which "Pledged Revenues" may, in the future, at the
option of the City, include other resources.
THE BONDS also are secured by and payable from the "City
of Denton Electric System Revenue Refunding Bonds, Series 1978
Retirement Fund" (the "Retirement Fund") created for the sole
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benefit and security of the Bonds pursuant to the Ordinance and
established as a special trust fund and sinking find for the
Bonds at The Fort Worth National Bank, Fort Worth, Texas, as
trustee and "Escrow Agent" under t "Series 1978 Retirement Trust
Agreement" (the "Agreement"). The Ordinance and the Agreement
provide for semiannual deposits into the Retirement. Fund from
Pledged Revenues, and for the investment of money in the Re-
tirement Fund in Government Obligations, as defined in the
Ovdinance, so that such deposits, Government Obligations, and
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the interest in:ome therefrom will be sufficient to provide
for the pay,T.en: and redemption of the Bonds at maturity or
upon redemption prior to maturity, and the payment of the in-
terest on the Bonds as it comes due.
THE CITY has reserved the right, subject to the restric-
tions stated in the Ordinance, to issue additional parity
revenue bonds which also may be secured by and payable from
an irrevocable first lien on and pledge of the aforesaid Pledg-
ed Revenues, in the same mar;ier and to the same extent as this
Bond and the Series of which it is a part. Although the Bonds
and any Additional Bonds will be equally and ratably secured
by and payable from a first lien on and pledge of the Pledged
Revenues, the Retirement Fu%d has been created for the ex-
clusive benefit of the Bonds, but the Bonds will be entitled
to Fuch exclusive benefit only after Pledged Revenues actually
have been deposited in the Retirement Fund as required by the
Ordinance. Separate special invested retirement funds (similar
to the Retirement Fund; may, or may not, at the option of the
City, be established for the exclusive benefit of any Addition-
al Bonds.
THE HOLDER HEREOF shall never have the right to demand
paymen'c of this obligation out of any funds raised or to be
raised by taxation, or from any source whatsoever other than
the Pledged Revenues and other sources described in the Ordinance.
IN WITNESS WHEREOF, this Bond and the interest coupons
appertaining hereto have been signed with the facsimile signa-
ture of the Mayor of said City and countersigned wit;, the fac-
simile signature of the City Secretary of said City, and the
official seal of said City has bee=, duly impressed, or placed
in :acsimile, on this Bond.
xxxxxxxx xxxxxxxx
city rotary, `City of enton Mayor, City o Denton
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I ,
I1 I i
FORM OF REGISTRATION CERTIFICATE
COMPTROLL$R'S REGISTRATION CERTIFICATE: REGISTER NO.
I 'asreby certify that this Bond has bE?n examined, cer
tified as to validity, and approved by the Attorney General
of the State of Texas, anu that this bond has been registered
by the Comptroller of P,:1ilic Accounts of the State of Texas.
Witness my signature and seal this
xxxxxxxx
Comptroller of Public Accounts o
the State of Texas
FORM OF INTEREST COUPON:
NO. $
ON
THE CITY OF DENTON, IN DE144TOll COUNTY, TEXAS, promises to pay
to bearer the amount shown on this interest coupon, in lawful
money of the United States of America, without exchange or
collection charges to the bearer, unless due provision has
been made for the redemption prior to maturity of the Frond to
which this interest coupon appertains, upon presentation and
surrender of this interest coupon, at the
THE FORT WORTH NATIONAL BANK, FORT WORTH, TEXAS,
OR, AT THE OPTION OF THE BEARER, AT
FIRST STATE ?TANK OF DENTON, DENTON, TEXAS,
saia amount being interest due that day on the Bond, bearing
the number hereinafter designated, of that issue of CITY OF
DENT,) ELECTRIC SYSTEtt REVENUE REFUNDING BONDS, SERIES 1978,
DATED MF,RCH 15, 1978. the holder hereof shall never have the
right to demand payment of this obligation out of any funds
raised or to be raised by taxation, or from any source what-
soever other than the Pledged Revenues and other sources de-
scribed in the Bond to which this coupon appertains. Bond
No.
xxxxxxax xxxxxxx
city secretary Mayor
Section 7. DEFINITIONS. That as used !.n thin Ordinance
the fol.owing terms shall have the meanings set forth below,
unless tho text hereof specifically indicates otherwise:
(a) the term "City" shall mean the City of DOntOn, in
Denton County, Texas.
Lam. ~a
(b) she term "Outstanding Bonds" shall mean the present-
ly outstanding Electric Revenue Bonds of the City described
in the preamble to this Ordinance.
(c) The term "Bonds" shall mean the City of Denton Electric
System Revenue Refunding Bonds, Series 1978, authorized by this
Ordinance.
(d) The term "Additional Bonds" shall m.an the addition-
al parity revenue bonds which :he City reserves the right to
issue in the future, as provided in this Ordinance.
(e) The terms "Electric Light aid Power System" and
"System" shall mean the City's existing electric light and
power system, together with all future extensions, improve-
ments, enlargements, and additions thereto, and all replace-
ments thereof; provided that, notwithstanding the foregoing,
and to she extent now or hereafter authorized or permitted by
law, the term System shall not mean any electric light and
power facilities of any kind (including any electric power gen-
erating and transmission facilities) which are declared not to
be a part of the System and which are acquired or constructed
by the City with the proceeds from the issuance of "Special
Facilities Bonds", which are hereby defined as being special
revenue obligations of the City which are not Bonds or Addition-
al Bonds secured by and payable from a first lien on and Pledge
of the Pledged Revenues, as hereinafter def'.ned, but which are
secured by and payable from any other liens on end pledges of
any revenues, sources, or payments, including, but not limited
to, (i) special contract revenues or (payments received from any
other legal entity in connection with such facilities and/or (ii)
a lien on and pledge of the Pledged Revenues junior and subor-
dinate in all respects to thn lien and pledge is favor of the
Bongs and Additional Bonds; and such revenues, sources, or pay-
ments shall not be considered as or constitute Gross Pevenuea
.y-
of the System, unless and to the extent otherwise provided in
the ordinance or ordinances authorizing the issuance of such
"Special Facilities Bonds".
(f) The terms "Gross Revenues of the City's Electric
Light and Power System" and "Gross Revenues" shall mean all
revenues, income, and receipts of every nature deri•ied or re-
ceived by the city from the operation and ownership of the
System, including the interest income from the investment or
deposit of money in any Fund created by this Ordinance, ex-
cepting )n:y the Retirement Fund.
+ (g) The terms "Net Revenues of the City's Electric Light
and Power System", and "Net Revenues" shall mean all Gross
Revenues after deducting and paying the current expenses of
operation and maintenance of the System out of the Revenue
Fund, hereinafter created, including all salaries, labor,
N materials, repairs, and extensions necessary to render efficient
service, provided, however, that only such repairs and exten-
sions, as in the judgment of the City Council, reasonably and
fairly exercised by the adoption of appropriate resolutions,
are necessary to keep the System in operation and render ade-
quate service to said City and the inhabitants thereof, oL such
as might be necessary to meat some physical accident or con-
diLion which would otherwise impair the Bonds or Additional
•
Bonds, shall be deducted in determining "Net Revenues". De-
preciation shall never be considered as an expense of operation
and maintenance. Gross Revenues attributable to investment
interest income from the Reserve Fund and the Contingency Fund
shall be used only to pay current expenses of operation and
maintenance of the System and shad never cons`itute any part
of Net Pevenues.
(h) Tile term "Pledged Revenues" shall mean
(1) the Net Revenues, plus ,
(2) any additional revenues, income, re-
ceipts, or other resources, including, without
limitation, any grants, donations, or income re-
ceived or to be received from the United States
Government, or any other public or private
source, whether pursuant to an agreement or
otherwise, which in the futvre may, at the
option of the City, be pledged to the payment
of the Bonds or Additional Bonds.
(i) The. term "year" shall mean the regular fiscal year
used by the City in connection with the operation of the
System, wnir~, may be any twelve consecutive months period
established by the City.
(j) The term "Government Obligations" shall mean direct
obligations of the United States of America, including obli-
gations the principal of and interest on which are uncondition-
ally guaranteed by the United States of America, which may be
United States Treasury obligations such as its State and Local
Government Series, which may be in book-entry form.
Section 8. PLEDGE. That the Bonds and any Additional
Bonds, and the interest coupons appertaining thereto, ate
and shall be secured by and payable from an irrevocable first
lier, on and pledge of the Pledged Revenues; and the Pledged
Revenues are further pledged irrevocably to the establishment
arid maintenance of the Pledged Revenues Fund, the Retirement
Fund, any other special invested retirement fund (si.ailar to
the Retirement Fund) ho^reafter created for the payment of any
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additional Bonds, the Reserve Fund, the Contingency Fund, and
the Improvement Fund, all as hereinafter defined and provided.
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The Bonds and any Additional Bonds are and will be secured by
and payable from the Pledged Revenues, and are not secured by
or payable from a mortgage or deed of trust on any real, per-
sonal, or mixed propertie constituting the System.
Section 9. REVENUE FUND. That there is hereby created
and there shall be established and maintained on the books of
the City, and accounted for separate and apart from all other
funds of the City, a special fund to be entitled the "City of
Denton Electric Syste.n Revenue Bonds Revenue Fund" (the "Rev-
enue Fund"). All Gross Revenues shall be credited to the Rev-
enue Fund immediately upon receipt, unless otherwise provided
in this ordinance. All current expenses of operation and main-
tenance of the System shall be paid from such Gros Revenues
cre,3ited to the Revenue Fund, as a first charge against same.
All investment interest income credited to the Revenue Fund
shall be expended first for current operation and maintenance
,:?Kpense:: of the System, and in all events within five months
from the date of any such deposit.
Section 10. PLEDGED REVENUES FUND. That for the purpose
of paying the principal of and interest on all Bonds and any
Additional Bonds, as the same mature and come due, and provid-
ing a source of payment for other deposits required by this
ordinance, there is hereby created and there shall be establish-
ed and maintained on the books of the City, and accounted for
separato and apart from all other funds of the City, a separate
fund to be entitled the "City of Denton Electric System Rev-
enue Bonds Pledged Revenuei Fund" (the "Pledged Revenues Fund").
Section 11. RESERVE FUND. That there is hereby created
and there shall be establ{shed and maintained initially at
The Fort Worth National Bank, Fort Worth, Texas, and there-
after, at the option of the City, et--ablishcci and maintained at
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any time at any national bank having a capital and surplus in
.
excess of $25,000,000, a separate fund to be entitled the "City
of Denton Electric System Revenue Bonds Reserve Bund" (the
"Reserve Fund"). The Reserve Fund shall be used solely for
the purpose of finally retiring the last of any Bonds or Addi-
tional Bonda, or for paying principal of and interest on any
Bonds or Additional Bonds when and to the extent the amounts
in the Pledged Revenues Fund, the Retirement Fund, any other
special fund created fox the payment of principal of and in-
terest on any Additional Bonds, the Improvement Fund, and the
Contingency Fund are insufficient for such purpose.
Section 12. CONTINGENCY FUND. That there is hereby
created an' there shall be established and maintained initial-
1f at The Fort Worth National Bank, Fort Worth, Texas, and
thereafter, at the option of the City, established and main-
tained at any time at any official depository bank of the City,
and accounted for separate and apart from all other funds of
s the City, a, separate fund to be entitled the "City of Denton
Electric System Revenue Bonds Contingency Fund" (the Contin-
geacy Fund"). The Contingency Fund shall be used solely for the
purpose of paying the costs of unexpected or extraordinary re-
pairs or replacements of the System for which System funds are
not otherwise available, or for paying principal of and inter-
est on any Bonds or Additional Bonds, when and to the extent
the amount in the Pledged Revenues Fund, the Retirement Fund,
any other special fund created for the payment of principal of
and interest on any Additional Bonds, and the improvement Fund
are insufficient foe such purpose.
Section 13. IMPROV;MENT FUND. That there is hereby
created and there shall be established and maintained on the
books of the City, and accounted for ~aparate and apart from
all other funds of the City, a separate fund to be entitled
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the "City of Denton Slectric System Revenue Bonds Improvement
Fund" (the "Improvement Fund"). The Improvement Fund shall be
used solely for the purpose of paying the costs of improvements,
enlargements, extensions, additions, or other- capital expendi-
tures related to the System, or for paying une::pected or ex-
traordinary expenses of operation and maintenance of the System
for which System funds are not otherwise available, or for pay-
ing principal of and interest on any Bonds or Additional Bonds,
when and to the extent the amount in the Pledged Revenues Fund,
the Retirement Fund, and any other special fund created for the
payment of principal of and interest on any Additional Bonds,
are insufficient for such purpose.
Section 14. SERIES 1978 RETIREMENT FUND. That there is
hereby created and there shall be establisned and maintained
at The Fort Worth National Bank, Fort Worth, Texas, as
trustee and escrow agent, and a3 a paying agent for the Bonds,
and accounted for teparate and apart from all other funds of
the City, a separate trust and escrow fund to be entitled the
"City of Denton Electric System Revenue Refunding Bonds Series
1978 Retirement Fund" (the "Retirement Fund"). The Retirement
Fund shall be used solely for the purpose of paying the prin-
cipal of and interest on the Bonds as the same mature and come
due, or on redemption prior to maturity, and shall constitute
a special sinking fund for the Bonds. Concurrently with, or
as soon as practicable after delivery of the Bonds the City
shall enter into a trust and escrow agreement with The
Fort Worth National Bank (hereinafter called the "Series
1978 Retirement Trust Agreement") which shall provide for the
payment of the principal of and interest on the Bonds as the
same come due, and the investment in Government Obligations
of money deposited to the credit of the Retirement Fund by the
City. The City shall make deposits to the credit :)f the Re-
tirement Fund as hereinafter provided in this Ordinanve. If
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Additional Bonds are hereafter issued, separate special in-
vested retirement funds (similar to the Retirement Fund) may
or may not be established, at the option of the City, for the
special benefit of such Additional Bonds at a paying agent
therefor, but the Retirement Fund is created solely for the
benefit and security of the Bonds. It is provided, however,
that all 3onds and Additional Bonds shall be equally and ratably
secured by and payable from the Pledged Revenues deposited to
the credit of the Pledged Revenues Fund, without preference or
priority, and the Bonds are entitled to an exclusive claim on
the Retirement Fund only after the deposits have been made
therein as provided in this Ordinance.
Section 15. DEPOSITS OF PLEDGED REVENUES; INVESTMENTS;
FUNDS SECURED. (a) That Pledged Revenues shall be credited to
or deposited in the Pledged Revenues Fund, the Retirement Fund,
the Reserve Fund, the Contingency Fund, the improvemen+ Fund,
and other funds when and as required by this Ordinance and any
ordinance authorizing, the issuance of Additional Bonds.
(b) That money in any Fund established pursuant to this
Ordinance (excepting the Retirement Fund, which shall be in-
vested only in Government obligations and as provided in the
Series 1978 Retirement Trust Agreement) may, at tho option of
the City, be placed in time dc posits or certificates of de-
posit secured by obligations of the type hereinafter described,
or be invested in direct obligations of the United States of
America, obligations guaranteed or insured by the United States
of America, which, in the opinion of the Attorney General of
the United States, are backed by its full faith and credit or
represent its general obligations, or invested in indirect
obligations of the United States of America, including, but
not limited to, evidences of indebtedness issued, insured, or
guaranteed by such governmental agencies as the Federal Land
Banks, Federal Intermediate Credit Banks, Banks for Cooperatives,
.Is-
s
Federal Honte Loan Banks, Government National Mortgage Asso-
ciation, United States Postal Service, Farmers Home Adminis-
tration, Federal Home Loan Mortgage Association, Small Busi-
ness Adiinistration, Federal Housing Association, or Par-
ticipation Certificates in the Federal Assets Financing Trust;
provided that all such deposits and investments shall be made
in such manne•: that the money required to be expended from any
Fund will Le available at the proper time or times. Fuch in-
vestments shall be valued in terms of current market value as
of the 20th day of November of each year. All interest and
income derived from such deposits and investments immediately
shall be credited to, and any losses debited to, the Fund
from which the deposit or investment was made, and surpluses
in any Fund shall or may be disposed of as hereinafter provid-
cd. Such investments shall be sold promptly when necessary
to prevent any default in connection with the Bonds or Addi-
tional Bonds.
(c) That money in all funds created by thin Ordinance,
to the extent not invested, shall be secured in the manner
prescribes: by law for securing funds of the City.
Section 16. DEBT SERVICE REQUIREMENTS. (a) That prompt-
ly after the delivery of the Bonds the City shall cause to be
credited to the Pledged Revenues Fund any accrued interest re-
ceived from the sale and delivery of the Bonds.
(b) That on-or before May 25, 1978, and semiannually
on or before the 25th day of each November and of each May
thereafter, the City shall credit to the Pledged Revenues
Fund ,11 available Pledged Revenues.
(c) On or before „une 1, 1978, and semiannually on or
before the 1st day of each December and of each June there-
after, the City shall deposit to the credit of the Retirement
Fund, from Pledged Revenues in the Pledged Revsnuen Fund, such
-16-
•
amounts as then will cause to be on deposit to the credit of
the Retirement Fund:
(i) money and/or
(ii) par or principal amount of .~vernment Obli-
gatic.ns owned by the City,
aggregating t}.e amount, respectively, on each date, respect-
ively, shown on the following schedule:
Aggregate Aggregate Aggregate
Amount Date Amount Date Amount Date
$ 443,000 6/1/78 $8,355,775 6/1/88 $8,166,475 6/1/98
11877,814 12/1/78 91555,775 12/1/88 81466,475 12/1/98
1,7051072 6/1/79 8,326,375 6/1/89 8,157,700 6/1/99
21617,072 12/1/79 9,526,375 12/1/89 8,407,700 12/ /99
2,7011072 6/1/80 8,296,375 6/1/90 8,150,387 6/1/00.
3,618,072 12/1/80 91496,375 12/1/90 8,425,387 12/1/00
3,742,072 6/1/81 8,266,075 6/1/91 8,1421343 6/1/01
4,66:,072 12/1/81 8,866,075 12/1/91 8,4171343 12/l/01
4,830,072 6/1/82 8,250,775 6/1/92 8,134,300 6/1/02
5,761,072 12/1/82 81850,775 12/1/92 814341300 12/1/02
5,970,072 6/1/83 8,235025 6/1/93 81125,525 6/1/03
6,911,072 12/1/83 8,835,325 12/1/93 8,425,525 12/1/03
7,165,072 6/1/84 8,219,725 6/1/94 8,116,750 6/1/04
81128,072 12/1/84 8,819,725 12/1/94 8,416,750 12/1/04
81430472 6/1/85 8,2041125 6/1/95 8,107,975 6/1/05
9,285,072 12/1/65 8,804,125 12/1/95 8,457,975 12/1/05
8,4101407 6/I/86 ',188,375 6/1/96 8,0971737 6/1/06
9,545,407 12/1/86 81688,375 12/1/96 8,447,737 12/l/Or,
8,3831735 6/1/87 8,175,250 6/1/97 8,087,500 6/1/07
9,548,735 12/1/87 8,475,250 12/1/97 61175,500 12/1/07
Said schedule is intended to set forth the full aggregate
amounts which are required to provide for the payment and re-
demption of the principal of and interest on the Bonds as the
same mature and come due. However, it is anticipated that
the interest income from the investment of money in the Re-
tirement Fund in Government Obligations will reduce the amounts
which otherwise would be required to be deposited from the
Pledged Revenue3 Fund in order to cause the Retirement Fund
to contain the required aggregate amount on each required date
as shown in said schedule. The Series 1978 Retirement :'rust
AgreemAnt provides for the investment of money deposited to
the credit of the Retirement Fund in Government Obligations
and other matters relating to the payment of the Bonds.
-17-
r
(d) on or before each June 1 and each December.1, the
City shall make such deposits from the Pledged Revenues Fund
as a,_ iquired by this ordinance, and by each ordinance au-
thorizing the issuance of any Additional 3onds for the payment
of the principal of, interest on, and redemption premiums, if
any, on such Additional Bonds, either to one or more special
invested retirement funds (similar to the Retirement Fund) for
any Additional Bonds, or directly to any paying agent for any
such Additional Bonds for which no special retirement fund is
established.
(e) All investment interest income from the Pledged
Revenues Fund shall be retained in and remain a part of such
Fund.
Section 17. RESERVE FUND REQUIREMENTS. That promptly
after the delivery of the Bonds the City shall cause to be
deposited in the Resea:ve Fund, from proceeds from the sale and
delivery of the Bon(ls, the amount of $2,250,000. When and so
long as the money and investments in the Reserve Fund are not
less in market value than $2,250,000 (the "Reserve Required
Amount") no deposits need be made to the credit of the Reserve
Fund; but when and if the Reserve Fund at any time contains
less than the Reserve Required Amount, then, subject ano sub-
ordinate to making the required ctposits to the credit of the
Retirement Fund, and any deposits or payments hereafter requir-
ed by any ordinance authorizing the issuance of Additional
Bonds for the retirement or payment thereof and the interest
thereon, the City shall transfer from Pledged Revenues in the
Pledged Revenues Fund, and deposit to the credit of the Reserve
Fund, semiannually on or before the 25th day of each flay and
of each November, a sum equal to 1/10th of the Reserve Required
Amount, until the Reserve Fund is restored to the Reserve Re-
quired Amount. The City specifically covenants that it will,
between the 20th and 25th days of each May and of each
-18-
err
November of each year, deposit to the credit of the Revenue
Fund all surplus in the Reserve Fund over the Reserve Requir-
ed Amovnt, to be used within five months after each such de-
posit solely for the payment of current operation and mainte-
nance expenses of the System.
Section 18. CONTINGENCY FUND P£QUIREMENTS. That prompt-
ly after the delivery of the Bonds the City shall cause to be
deposited to the credit of the Contingency Fund, from proceeds
from the sale and delivery of the Bonds, the sum of $250,000.
No deposits are required to be made to the credit of the Con-
tingency Fund so long as the amount of money and investments
therein are at least equal in market value to $250,000 (the
"Contingency Required Amount"). If and when the amount in the
Contingency Fund is reduced or depleted to less than the Con-
tingency Required Amount, then, subject and subordinate to
making the required deposits to the credit of the Retirement
Fund, any other deposits or payments hereafter required by any
ordinance authorizing the issuance of Additional Bonds for the
retirement or payment thereof and the interest thereon, and the
Reserve Fund, such reduction or deplet!.on shall be restored
from Pledged Revenues'in the Pledged Revenues Fund which shall
be budgeted for Stich purpose in the City's Annual Budget for
the System for the next ensuing fiscal year or years; provided
that the City is not required to budget more than an amount
6 equal to $50,000 for such purpose during any one fiscal year.
The City specifically covenants that it will, between the 20th
and 25th days of each May and of each November of each year,
deposit to the credit of the Revenue Fund all surplus in the
Contingency Fund over the Contingency Required Amount, to be
used within five months after each such deposit solely for the
payment of current operation and maintenance expenses of the
System.
-19-
r
Section 19. IMPROVEMENT FUND REQUIREMENTS. That during
each year, subject and subordinate to making the required de-
posits to the credit of the Retirement Fund, any other deposits
or payments hereafter required by any ordinance authorizing the K
issuance of Additional Bonds for the retirement or payment
thereof and the interest thereon, the Reserve Fund. and the
Contingency Fund, the City shall be required to deposit to the
credit of the Improvement Fund from Pledged Revenues in the
Pledged Revenues Fund an amount equal to 88 of the "Adjusted
Gross Revenues of the System", which term is hereby defined
to mean the following:
the Gross Revenues of the System for such year after
4
deducting from such Gross Revenues an amount equal to
the current expenses of operation, and maintenance of
the System for such year which are directly attribut-
able to W all fuel costs related tc the production
of electric energy by the City and/or (ii) the pur-
chase of electric energy by the City.
Additional excess Pledged Revenues may, at the option of the
City Council, be deposited to the credit of the Improvement
Fund as permitted by Section 20 (b) hereof, but no such addi-
tional deposit is required. All investment interest income
from the Improvement Fund shall be retained in and remain a
part of such Fund.
Section 20. DEFICIENCIES; EXCESS PLEDGED REVENUE,,°.
(a) That if on any occasion there shall not be sufficient
{
Pledged Revenues to make the required deposits into the Retire-
ment Fund, any other special fund hereafter created for the
retirement and payment of principal of and interest on any
Additional Bonds, the Reserve Fund, and the Contingency Fund,
then such deficiency shall be made up as soon as possible from
th9 next available Pledged Revenues, or from any other Sources
available for such purpose.
-20-
.~1'42iis,-
{h) That, subject to making the required deposits to
the credit of the Retirement Fund, any other special fund
hereafter created for the retirement and payment of principal
of and interest on any F.dditional Bonds, the Reserve Fund,
the Contingency Fend, and the Improvement Fund, when and as
required by this Ordinance, or any ordinance authorizing the
issuance of Additional Bonds, the excess Pledged Revenues in
the Pledged Revenues Fund may be used by the City for any law-
ful purpose.
Section 21. PAYMENT OF BONDS AND ADDITIONAL BONDS. On
or before December 1, 1978, and semiannually on or before each
Junel and December 1 thereafter while any of the Bonds or Addi-
tional Bonds are outstanding and unpaid, the City shall make
available to the paying agents therefor, out of the Retirement
Fund, any other fund hereafter created for the retirement and
payment of principal of and interest on any Additional Bonds,
or Pledged Revenues in the Pledged Revenues Fund, or out of
the Improvement Fund, the Contingency Fund, or the Reserve Fund,
in that order, if necessary, money sufficient to pay, on each of
such dates, the principal of and interest on the Bonds and Addi-
tional Bonds as the same matures and comes due, or to redeem the
Bonds or Additional Bonds prior to maturity, either upon mandatory
redemption or at the option of the City as set forth herein. The
paying agents shall destroy all paid Bonds and Additional Bonds,
and the coupons appertaining thereto, and furnish the City with
an appropriate certificate of cancellation or destruction.
Section 22. FINAL DEPOSITS. (a) That any Bond or Addi-
tional Bond shall be deemed to be paid, retired, and no longer
outstanding within the meaning of this Ordinance when payment
of the principal of, redemption premium, if any, on such Bond
i
or Additional Bond, plus interest thereon tD the due date
thertof (whether such due date be by reason of maturity, upon
redemption, or otherwise) either (i) shall have been made or
caused to made in accordance with the terms thereof (including
-21- J
the giving of any required notige of redemption), or (ii)
shall have been provided by irrevocably depositing with or
making available to a paying agent therefor, in trust and
irrevocably set aside exclusively for such payment, (1) money
sufficient to make such payment or (2) Government Obligations
which mature as to principal and interest in such amounts
and at such times &s will insure the availability, without
reinvestment, of sufficient money to make such payment, and
all necessary and proper fees, compensation, and expenses
of such paying agent pertaining to the Bonds and Additional
Bonds with respect to which such deposit is made shall have
been paid or the payment thereof provided for to the satis-
faction of such paying agent. At such tir,.a as a Bond or Addi-
tional Bond shall be deemed to be paid hereunde^, as aforesaid,
it shall no longer be secured by or entitled to the benefits
of this ordinance or a lien on and pledge of the Pledged Rev-
enues, and shall be entitled to payment solely from such money
or Government Obligations.
(b) That any moneys so deposited with a paying agent may
at the direction of the city also be invested in GoverrLnent
Obligations, maturing in the amounts and times as hereinbefore
set forth, and all income from all Government obligations in
the hands of the paying agent pursuant to this Section which
is not required for the payment of the Bonds and Additional.
Bonds, the redemption premium, if any, and interest thereon,
with respect to which such money has been so deposited, shall
be turned over to the City or deposited as directed by the
City.
Section 23. ADDITIONAL, BONDS. (a) That the City shall
have the right and power at any time and from time to time,
and in one or more Series or issues, to authorize, issue, and
deliver additional parity revenue bonds (herein called "Addi-
tional Bonds"), in accordance with law, in any amounts, for
any lawful purpose, including the refund3.ng of any Bonds or
Additional Bonds. Stich Additional Bonds, if and when author-
ized, issued, and delivered in accordance with this Ordinamee,
-22-
shall be secured by and made payable equally -nd ratably on
a parity with the Bonds, and all other outstanding Additional
Bonds, from an irrevocable first Van on and pledge of the
Pledged Revenues.
(b) That the Pledged Revenues Fund, the Improvement
Fund, the Contingency Fund, and the Reserve Fund establish-
ed by this Ordinance shall secure and be used to pay all Addi-
tional Bonds as well as the Bonds. Each ordinance under which
Additional Bonds are issued shall provide for the payment of
such Additional Bonds and the interest thereon. Each such or-
dinance may provide for the creation of a special invested re-
tirement fund (similar to the Retirement Fund) for such Addi-
tional Bonds or for payments directly to the paying agents
therefor, as provided in Section 16(d) o: this Ordinance.
Each such ordinance also shall pro,:ide and require that the
aggregate amount to be accumulated and maintained in the Re-
serve Fund shall be increased (if and to the extent: necessary)
to an amount not less than the aggregate of the following:
W the maximum amount, as then estimated by the
senior financial officer of the City, which
will be required by this ordinance to be de-
posited to the credit of the Retirement Fund
in any future year from Pledged Revenues in
the Pledged Revenues Fund, taking into con-
sideration the then estimated amounts of Govern-
ment Obligations and interest income therefrom
to be available in the Retirement Fund in the
future, plus
(ii) the maximum amount, if any, as then estimated
by the senior financial officer of the City,
which will be required by any ordinance or or-
dinarices authorizing th9 issua;,;e of any Addi-
tional Bonds to be deposited to the credit of
any special invested retirement fund or funds
(similar to the Retirement Fund) for any out-
standing Additional Bonds in any future year
-23-
from Pledged Revenues in the Pledged Revenues
Fund, taking into consideration the then esti-
mated amounts of Government Obligations and
interest income therefrom to be available in
the future, plus
(iii) the average annual principal and interest re-
quirements of all Additional Bonds, if any, to
be outstanding following the delivery of the
then proposed Additional Bonds, which are pay-
able directly from the Pledged Revenues Fund
and for which no special invested retirement
fund (similar co the Retirement Fund) has been
create3 and established by an ordinance authoriz-
ing the issuance of Additional Bonds.
Such required additional amount shall be so accumulated by the
deposit in the Reserve Fund of all or any part of said requir-
ed additional amount in cash immediately after the delivery of
the then proposed Additional Bonds, or, at the option of the
City, by the deposit of said required acl,ditional amount (or
any balance of said required additional amount not deposited
in cash as permitted above) from Pledged Revenues in the Pledg-
ed Revenues Fund, in semiannual installments, made on or be-
fore the 25th day of each May and of each November following
the delivery of the then proposed Additional Bonds, of not
less than 1/10th of said required additional amount (or 1/10th
of the balance of said required additional amount not deposit-
ed in cash as permitted above).
(c) That all calculations of average annual principal
and interest requirements made pursuant to this Section shall
be made as of and from the date of the Additional Bonds then
* proposed to be issued.
-24-
W That the principal of all Additional Bonds must be
scheduled to be paid or mature on December 1 of the years in
which such principal is scheduled to be paid or mature; and
all interest thereon must be payable on May 1 and December 1.
Se--tion 24. FURTHER REQUIREMENTS FOR ADDITIONAL BONDS.
That Additional Bonds shall be issued only in accordance with
this Ordinance, but notwithstanding any provisions of this
Ordinance to the contrary, no installment, Series, or issue
of Additional Bonds shall be issued or delivered unless:
(a) The Mayor and the City Secretary of the City sign
a written certificate to the effect that the City is not in
default as to any covenant, condition, or obligation in con-
nection with all outstanding Bonds and Additional Bonds, and
the ordinances authorizing same, and that the Retirement Fund,
any other special invested retirement fund (similar to the
Retirement Fund) hereafter created for the retirement and
payment of the principal of anO. interest on any Additional
Bonds, and the Reserve Fund each contains the amount then re-
quired to be therein.
(b) An independent certified public accountant, or in-
dependent firm of certified public accountants, signs a
written certificate to the effect that, during either the
next preceding year, or any twelve consecutive calendar month
period ending not more than ninety days prior to the passage
of the ordinance authoriz:ng the issuance of the then propos-
ed Additional Bonds, the Pledged Revenues were, in his or its
opirioni
(1) at least $41500,000, if the ordinance author-
izing the issuance of any Additional Bonds is
passed before September 30, 1979, which is the
end of the next complete fiscal year of the City,
or, if the ordinance authorizing the issuance of
any Additional Bonds is passed after September
30, 1979,
(2) at least equal to 1.4 times the aggregate of the
t
following amounts:
(i) the amount actually deposited, as re-
quired by this ordinance, to the credit of
the Retirement Fund from Pledged Revenues in
the Pledged Revenues Fund during such year or
twelve month period, plus
(ii) the amount, if any, actually deposit-
ed, as required by any ordinance or ordinances
authorizing the issuance of Additional Bonds,
to the credit of any other special invested
retirement fund or funds (similar to the Re-
t;.rement Fund) for any outstanding Additional
Bonds from Pledged Revenues in the Pledged
Revenues Fund during such year or twelve
month period, plus
(iii) the average annual principal and in-
terest requirements of all Additional Bonds,
if any, to be outstanding after the delivery
of the then proposed Addi.tiinal Bonds, which
are payable directly from the Pledged Revenues
Fund and for which no special invested retire-
ment fund (similar to the Retirement Fund)
has been created and established by an ordi-
nance authorizing the issuance of Additional
Bonds.
Section 25. GENERAL COVENANTS. The City further cove-
nants and agrees that in accordance with and to the extent re-
quired or permitted by law:
(a) PERFORMANCE. It will faithfully perform at all
times any and all covenants, undertakings, stipulations, and
provisions contained in this Ordinance, and each ordinance
authorizing the issuance of Additional Bonds, and in each
-2b-
i~
and every Bond and Additional Bond; shat it will promptly
pay or cause to be paid the principal of and interest on
every Bond and Additional Bond, on the dates and in the
places and manner prescribed in such ordinances and Bonds or
Additional Bonds; and that it will, at the times and in the
manner prescribed, deposit or cause to be deposited the amounts
required to be deposited into the Pledged Revenues Fund, the
Retirement Fund, any other fund or account established for
any Additional Bonds, the Reaervc Fund, and the Contingency
Fund; and any holder of the Bonds or Additional Bonds may re-
quire the City, its officials, and employees, to carry out,
respect, or enforce the covenants and obligations of this Or-
dinance, or any ordinance authorizing the issuance of Addi-
tional Bonds, by all legal and equitable means, including
specifically, but without limitation, the use and filing of
mandsLmus proceedings, in any court of competent jurisdiction,
against the City, its officials, and employees.
(b) CITY'S LEGAL AUTHORITY. It is a duly created and
existing home rule city of the State of Texas, and is duly au-
thorized under the laws of the State of Texas to create and
issua the Bonds; that all action on its part for the creation
and issuance of the Bonds has been duly and effectively taken,
and that the Bonds in the hands of the holders and owners there-
of are and will be valid and enforceable special obligations of
the City in accordance with their terms.
(c) TITLE. It has or will obtain lawful title to the
lands, buildings, structures, and facilities constituting the
System, that it warrants that it will defend, the title to all
the aforesaid lands, buildings, structures, and facilities, and
every part thereof, for the benefit of the holders and owners
of the Bonds and Additional Bonds, against the claims and de-
mands of all persons whomsoever, tha' it is lawfully qualified
to pledge the Pledged Revenues to the payment of the Bonds and
-27-
I Mi
I
Additional Bonds in the manner prescribed herein, and has law-
fully exercised such rights.
(d) LIENS. It will from time to time and before the same
become delinquent pay and discharge all taxes, assessments, and
governmental charges, if any, which shall be lawfully imposed
upon it, or the System, that it will pay all lawful claims for
rents, royalties, labor, materials, and supplies which if un-
paid might by law become a lien or charge thereon, the lien of
which would be prior to or interfere with the liens hereof, so
that the priority of the liens granted hereunder shall be fully
preserved in the manner provided herein, and that it will not
create or suffer to be created any mechanic's, laborer's, ma-
terialman's, or other lien or charge which might or could be
prior to the liens hereof, or do or suffer any matter or thing
whereby the liens hereof might or could be impaired; provided,
however, that no su^.h tax, assessment, or charge, and that no
such claims wh~ch might be used as the basis of a mechanic's,
laborer',-, materialman's, or other lien or charge, shall be
required to be paid so long as the validity of the same shall
be contested in good faith by the City.
(e) OPERATION OF SYSTEM; NO FREE SERVICE. While the
Bonds or any Additional Bonds are outstanding and unpaid the
City shall continuously and efficiently operate the System,
and shall maintain the System in good condition, repair, and
working order., all at reasonable cost. No free service of
the System shall be allowed, and should the City or any of
its agencies or instrumentalities make use of the services
and facilities of the System, payvent of the reasonable value
shall be made by tha City out of funds from sources other than
the revenues of the System, unless made from surplus or excess
Pledged Revenues as permitted in Section 20(b) hereof.
28-
(f) FURTHER ENCUMBRANCE. While the Bonds or any Addi-
tional Bonds are outstanding and unpaid, the City shall not
additionally encumber the Pledged Revenues in any manner, ex-
cept as permitted in this Ordinance in connection with Addi-
tional Bonds, unless said encumbrance is made junior and sub-
ordinate in all respects to the liens, pledges, covenants, and
agreements of this Ordinance and any ordinance authorizing the
issuance of Additional Bonds; but the right of the City to
issue revenue bonds payable from a subordinate lien on the
Pledged Revenues is specifially recognized and retained.
(g) SALE OR DISPOSAL OF PROPERTY. While the Bonds or
any Additional Bonds are outstanding and unpaid, the City
shall not sell, convey, mortgage, encumber, lease, or in any
manner transfer title to, or otherwise dispose of the System,
or any significant or substantial part thereof; provided that
whenever the City dec-Ms it necessary to dispose of any property,
machinery, fixtures, cY equipment, it may sell or otherwise
dispose of such property, machinery, fixtures, or equipment
when it has made arrangements to replace the same or provide
substitutes therefor, unless it is determined by resolution of
the City Council that no such replacement or substitute is
necessary.
(h) INSURANCE. (1) The City shall cause to he insured such
parts of the System as would usually be insured by corporations
operating like properties, with a responsible insurance company
or companies, against risks, accidents, or casualties against
which and to the extent insurance iu usually carried by corpora-
tions operating like properties, including, to the extent
reasonably obtainable, fins and extended coverage insurance,
insurance against damage by floods, and use and occupancy in-
surance. Public liability and property damage insurance shall
-29-
also be carried unless the City Attorney of the City gives a
written opinion to the effect that the City is not liable for
claims which would be protected by such insurance. At any time
while any contractor engaged in construction wort: shall be fully
responsible therefor, the City shall not be required to carry
insurance on the work being constructed if the contractor is
required to carry appropriate insurance. All such policies
shall be open to the inspection of the Bondholders and their
representatives at all reasonable times. Upon the happening
of any loss or damage covered by insurance from one or more
of said causes, the Cit,• shall make due proof of loss and shall
do all things necessary or desirable to cause the insuring
companies to make payment in full directly to the City. The
proceeds of insurance covering such property, together with
any other funds necessary and available for such purpose, shall
be used forthwith by the city for repairing the property
damaged or replaciig the property destroyed; provided, how-
ever, that if said insurance proceeds and other funds are in-
sufficient for such purpose, then said insurance proceeds
pertaining to the System shall be used promptly as follows:
(i) for the redemption prior to maturity of the Bonds
and Additional Bonds, ratably in the proportion that the
outstanding principal of each Series or issue of Bonds
or Additional Bonds bears to the total. outstanding prin-
c'pal of all Bonds and Additional Bonds, provided that
if on any such occasion the principal, of any such Series
or issue is not subject to redemption, it shall not be
regarded as outstanding in making the foregoing compu-
tation; or
(ii) if none of the outstanding Bonds or Additional
Bonds is subject to redemption, then for the purchase
on the open market and retirement of said Bonds and
• -30-
1 1
Additional Bonds in the same pcoi,ortioa as prescribed
in the foregoing clause (i), to the extent practicable;
provir?ed that the purchase price for any Bond or Addi-
tional Bond shall not exceed the redemption price of
such Bond or Additional Bond on the first date upon
which !.t becomes subject to redemption; or
(iii) to the extent that the foregoing clauses (i)
and (ii) cannot be complied with at the time, the in-
surance proceeds, or the remainder thereof, shall be de-
posited in a special and separate trust fund, at an
official depository of the City, to be designated the
Insurance Account. The Insurance Account shall be held
until such time as the foregoing clauses (i) and/or (ii)
can be complied with, or until other funds become avail-
able which, together with the Insurance Account, will be
sufficient to make the repairs or replacements originally
required, whichever of said events occurs first.
(2) The annual audit hereinafter required shall contain
a section commenting on whether or not the City has complied
with the requirements of this Section with respect to the main-
tenance of insurance, which comments shall be based upon a certi-
ficate of the City Manager or other official designated by the
City Council, and listing all policies carried, and whether or
not all insurance premiums upon the insurance policies to which
reference is hereinbefore made have been paid.
W RATE COVENANT. The City Council of the City will fix,
establish, maintain, and collect such r--:es, charges, and fees
for the use and availability of the System at all times as are
necessary to produce Gross Revenues sufficie:t, together with
any other Pledged Revenues, (1) to pay all current operation
and maintenance expenses of the System, and (2) produce an
amount of Pledged Revenues each year at least equal to (1) 1.4
w
times the aggre%ate of the following amountsi
-31-
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(1) the amount required to be deposited by this
Ordinance to the credit of the Retirement
Fund during such year after giving effect to
the anticipated interest income from the
investment of the moneys and investments
in the Retirement Fund), plus
(2) the amount, if any, required to be deposited
by any ordinance or ordinances authorizing
the issuance of Additional Bonds to the credit
of any other special invested retirement fund
or funds (similar to the Retirement Fund) for
any outstanding Additional Bonds from Pledged
Revenues in the Pledged Revenues Fund during
such year, plus
(3) the average annual principal and interest re-
quirements of all then outstanding Additional
Bonds, if any, which are payable directly from
the Pledged Revenues Fund and for which no
special invested retirement fund (similar to
the Retirement Fund) has been created and ea-
tablished by an ordinance authorizing the issu-
ance of Additional Bonds,
or (ii) amounts sufficient to provide for the deposits required
by Sec;t'ons 18 and 19 hereof to be made to the credit of the
Contingency Fund and the Improvement Fund, whichever of (i)
or (ii) is the greater.
(j) RECORDS. It will keep proper books of record and
account In which full, true, and correct entries will be made
of all dealings, activities, and transactions relating to the
System, the F.edged Revenues, and the Funds created pursuant
to thin U:dinance, and al. books, documents, and vouchers re-
lating thereto shall at all reasonable times be made avail-
able for inspection upon request of any Bondholder.
(k) AUDITS. After the close of each year while any of
the Bonds or any Additional Bones are outstanding, an audit
.32-
it
will be made of the books and accounts relating to the System
and the Pledged Revenues by an independent certified public
accountant or an independent firm of certified public account-
ants. As soon as practicable after the close of each such year,
and when said audit has been completed and made available to
the City, a copy of such audit for the preceding year shall be
mailed to the Municipal Advisory Council of Texas and to any
bondholders who shall so request in writing. Such annual audit
reports shall be open to the inspection of the bondholders and
their agents and representatives at all reasonable times.
(1) GOVERNMENTAL AGENCIES. it will comply with all cf
the terms and conditions of any and all franchisee, permits,
and authorizations applicable to or necessary with respect to
the System, and which have been obtained from any governmental
agency; and the City has or will obtain and keep in full force
and effect all franchises, permits, authorization, and other
requirements applicable to or necessary with respect to the
acquisition, construction, equipment, operation, and mainten-
ance of the System.
(m) NO COMPETITION. It will not operate, or grant any
franchise or permit for the acquisition, construction, or
operation of, any local electric energy distribution facili-
ties which would be in competition with the System, and, to
the extent that it legally may, the City will prohibit any
such competing facilities.
(n) NO ARBITRAGE. That the City covenants to and with
the purchasers of fhe Bonds that it will make no use of the
proceeds of the Bonds at any time throughout the term of this
issue of Bonds which, if such use had been reasonably expect-
ed on the date of delivery of the Bonds to and payment for the
Bonds by the purchasers, would have caused the Bonds to be
arbitrage bonds within the meaning of Section 103(c) of the
Intri.:nal Revenge Code of 1955, as amended, or any regulations
-3 EARN,
or rulings pertaining thereto; and b; this covenant the City
is obligated to comply with the requirements of the aforesaid
Section 103(c) and all appli~_,W a and pertinent Department of
the Treasury regulations relating to arbitrage bonds. The
City further covenants that the proceeds of tYe Rind:, will
not otherwise be used directly or indirectly so as to cause
all or any part of the Bonds to be or become arbitrage bonds
within the meaning of the aforesaid section 103(c), or any
regulations pertaining thereto.
Section 26. AMENDMENT OF ORDIVANCE. (a) The holders of
Bonds and Additional Bonds aggregating in principal amount 51%
of the aggregate principal an.ount of then outstanding P,)nds
and Additional Bonds shall have the right from time to time to
approve any amendment to this O':dinance which may be deemed
necessary or desirable by the City, provided, however, that
nothing herein contained shall permit or be construed to per-
mit the amendment of the terms and conditions in this Ordinance
or in the Bonds or Additional Bonds so as to:
(11 Make any change in the maturity of the outstand-
ing Bonds or Additional. Bonds;
;2) Reduce the rate of interest borne by any of the
outstanding Bonds or Additional Bands;
(3) Reduce the amount of the principal payable or,
the outstanding Bonds or Additional Bonds;
(4) Modify the terms of payment of principal of or
interest on t)~, outstanding Bonds or Additional
Bonds, or impose any conditions vltK respect to
such payments
(5) Affect the rights of the holders of less than
all of the Bonds and Additional Bonds then out-
standing;
(6) Change the minimum percentage of the princi-
pal amount of Bonds and Additional Bonds
necessary for consent to such amendment.
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.
(b) If at any time the City shall desire to amend the
Ordinance under this Section, the City shall cause notice of
the proposed amendment to be published in a €.nancial news-
paper or journal published in the City of New York, New York,
once during each calendar week for at least two successive
calendar weeks. Su•h Notice shall briefly set forth the na-
ture of the proposed amendment and shall state that a copy
thereof is on file at the principal office of the Paying Agents
for inspection by all holders of Bonds anri Additional Bonds.
Such publication is not required, however, if notice in wri'.-
ing io given to each holder of Bonds and Additional Bonds.
(c, Whenever at any time not less than thirty days, and
within one year, from the date of the first publication of said
notice or other service of written notice the City shall re-
ceive art instrument or instruments executed by the holders of
at least 518 in aggregate principal amount of all Bonds and
Additional Bonds then outstanding, which instrument or instru-
ments shall refer to the proposed amendment described in said
notice and which specifically consent to and approve such
amendment in substantially the form of the copy thereof on
file with the Paying Agents, the City Council may pass the
amendatory ordinan^.e in substantially the same form.
(d) Upon the passage of any amendatory ordinance pur-
suant to the p::ovisions of this Section, tnis ordinance shall
be deemed to be amended in accordance with such amendatory
ordinance, and the respective rights and obligations
under this Ordinance of the City and ill t. '-,olders of then
outstanding Ponds ctind Additional Bonds and future Bonds
and Additional Bondi shall thereafter be dete.iined, exercised,
and enforasd hereunder, subject in all respects to such amend-
ments.
(e) Any consent given by the holder of a Bond or Addi-
tional ncnd puLsuant to the provisions oc fhis Section shall
1
be irrevocable for a period of six months from the date of
the first publication of the notice provided for in this
Section, and shall be conclus}ve and binding upon all future
holders of the same Bond or Additional Bond (luring such period.
Such consent may be revoked at any time after six months from
the date of tie first publication of such notice by the holder
who gave such consent, or by a successor in title, by filing
notice thereof with the paying agents and the City, but sLoh
revocation shall not be effective if the holders of 51% in
aggregate principal amount of the then outstanding Bonds and
Additional Bonds as in this Section defined have, prior to the
attempted revocation, consented to and approved the amendment.
(f) For the purpose of this Section, the fact of the
holding of Bonds or Additional Bonds by any bondholder and
the amount and numbers of such Bonds or Additional Bonds and
the date of their holding same, may be proved by the affidavit
of the person claiming to be such holder, or by a certificate
executed by any trust company, bank, banker, or any other de-
pository wherever situated showing that at the date therein
mentioned such person had on deposit with such trust company,
bank, banker, or other depository, the Bonds and Additional
Bonds described in such certificate. The City may conclusively
assunie that such ownership continues until written notice to
the contrary is served upon the City.
Section 27. APPROVAL ANb REGISTRATION OF BONDS. That
the Mayor of the City is hereby authorized to have control of
the Bonds and all necessary records and proceedings pertain-
ing to the Bonds pending their delivery and their investigation,
examination, and approval by the Attorn(ny General of the State
of Texas, and their registration by the Comptroller of Public
Accounts of the State of Texas. Upon registration of the Bonds,
{ said Comptroller of Public Accounts for s deputy designated in
` writing to act for said Comptroller) ghell manually sign the
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Comptroller's Registration Certificate printed and endorsed
on the Bonds, and the seal of said'Comptroller shall be im-
pressed, or placed in facsimile, on each of the Bonds.
Section 28. SALE OF BONDS. That the Bonds are hereby
sold and shall be delivered to an underwriting syndicate head-
ed or managed by Goldman, Sachs & Co., Dillon, Read & Co. Inc.,
and Stephens, Inc., in accordance with the Underwriting Agree-
ment in form and substance approved by resolution of
the City Council of even date herew;th, and it is hereby found
and determined by the City Council that the price and terms
specified in such Underwriting Agreement are the most advan-
tageous reasonably obtainable by the City.
Section 29. APPROVAL OF OFFICIAL STATEMENT. That an
Official Statement dated March 21, !.976, relating to the
Bonds,' in substantially the form as submitted to this meeting,
is hereby approved and authorized to be distributed to pros-
pective investors and other interested parties in connection
with the underwriting and sale of the Bonds, with such changes
therein as shall be approved by the Mayor or the City Manager
of the City. It is further officially found, determined, an&
declared that the statements and representations contained in
said Official Statement are true and correct in all material
respects, to the best knowledge and belief of the City Council.
°ection 30, PROCEEDS OF SALE. That promptly after the
delivery of the Bonds all of the proceeds from the sale and
delivery of the Bonds shall be deposited with First National
Bank in Dallas, Daiias, Texas, which is a place of payment
(paying agent) for the Outstanding Bonds, and such proceeds,
less accrued interest on the Bonds, which shall ultimately be
deposited to the credit of the Pledged Revenues Fund, shall be
used for the purpose of refunding, discharging and retiring
-37-
all of the Outstanding Bonds, initially funding the Reserve
Fund and the Contingency Fund as herein required, anz! paying
the costs and expenses of issuance of the bonds. By a reso-
lution of the City Council of ev.n date herewith the City Council
has authorized the execution of a "Special Escrow Fund Agree-
ment" between the City and First National Bank in Dallas,
Dallas, Texas, which provides for the deposit of all of the fore-
going proceeds with said bank, which will use a part of said
proceeds to provide for the refunding, discharging and retiring
of the Outstanding Bonds. The balance of said proceeds will
be immediately transferred by the First National Bank in Dallas
to the Fort Worth National Bank, Fort Worth, Texas, as t:astee
under that certain Trustee Agreement between the City and The
Fort Worth National Bank, the execution of which was authorized
by resolution of the City Council of even date herewith. The
Trustee Agreement provides for the proper disposition of accrued
interest, the investment of part of said proceeds in "Reserve
Fund Securities" and "Contingency Fund Securities", as defined
therein, the payment of all costs and expenses of issuance of
the Bonds, and other matters relating to the transaction.
Section 31. REASM'S FOR REFUNDING. That it is specifi-
cally found and determined by the City that the underlying
ordinances authorizing the Outstanding Bonds contain restric-
tive covenants which require the City to provide excess revenues
which results in the necessity of charging and collecting
rates considerably higher than necessary, thus increasing
the cost of electricity to the inhabitants of the City and
prevent, because of excessively restrictive covenants, the
adequate and economical financing of projects which are ex-
pectsd to be. req,.,:red for the System in the near future, and
-38-
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require unnecessary, cumbersomb, and onerous ?rocedures with
respect to the operation and maintenance of the System and
the issuance of bonds thereunder. It is also found that the
refunding of the Outstanding Bonds in the manner herein pro-
vided is expected to reduce significantly the amount of Net
Revenues of the System which will be required for the amorti-
zation of the Bonds, thus permitting lower electric rates to
the customers of the System. Therefore, for the reasons stat-
ed in this Section 31, the City and the City Council have found
it to be necessary and essential in the best interest of the
City that such refunding be accompl~'shgd, and the Outstanding
Bonds be refunded, discharged, and rotired thereby.
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Alexander Grant
11 COMPANY INTERNATIONAL FIRM
CERTIFIED PUBLIC ACCOUNTANTS ALEXANDER GRANT TANSLEY WITT
March 14, 1978
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Mr. Chris 11artung MAR 16 11'78
City Manager
City of Denton oily 6~ GE,3i0~1
Municipal Building MANAGER'S p~fiCE
Denton, Texts 76201
Dear Mr. Harting:
Thank you for meeting with us to discuss the require-
ments of our forthcoming engagement. The following paragraphs
outline the services we will provide. The services described
herein include additional services from the services previously `
described in our letter of understanding dated June 8, 1977.
In accordance with our understanding, we will make an
examination of the financial statements of all the various funds
and account groups of the City of Denton, Texas as of September 30,
1977 and for the year then ended. Our examination will be made
in accordance with generally accepted auditing standards, adopted
by the American Institute of Certified Public Accountants and
the standards adopted by the National Committee on Governmental
Accounting in its publication Governmental Accounting, Auditing
and Financial Reporting as amended by the industry audit guide
Audits of State and Local Governmental Units, and will include
tests of accounting data and procedures we c~,nsider necessary
under the circumstances. Statistical data and other nonfinancial
information furnished by the City from the City's records will
be included in the City's Annual Report but such data will not
be included in our examination.
We will be pleased to meet with the City Council and/
or Audit Committee prior to the commencement of work and prior
to the issuance of the City's annual financial statements for
the purpose of a discussion of the report and any related matters.
While the objective of our examination is the expres-
sion of an unqualified opinion on the financial statements re-
ferred to above, our opinion may have to be qualified or denied
as the facts and circumstances dictate. The ordinary examination
incident to the expression of an opinion on financial statements,
e
ONE MAIN PLACE .DALLAS, TX 75250 (214) 748-0100
i
Mr. Chris Hartung, City
Manager -2- March 14, 1978
is not designed and cannot be relied upon to disclose defalca-
tions and other similar irregularities. However, if during the
course of our examination such irregularities come to our atten-
tion, we will discuss them with you to determine what course of
action should be taken.
In our previous letter of underr-tanding, dated June 8,
1977, we indicated that this engagement would be undertaken at
our regular rates and it was our expectation that our fee for
those services would be between $26,000 and $27,500. Since our
previous letter, we have been informed that your staff will not
be able to prepare many of the schedules and analyses as prev-
iously agreed. Additionally, you have requested that we perform
as many preliminary procedures as are feasible iti order to try
and complete our examination oy the first part of November 1977.
We anticipate that the result of these modifications will increase
our fee by approximately $7,000 and that the resulting total fee
for this examination will be $34,000.
s In addition to the services described in the preceding
paragraph, we understand that the City will authorize a refunding
of its oustanding Electric System Revenue Bonds. In connection
therewith, we will read the official statement to order to assure
ourselves that nothing contained therein is incompatible with the
information and results of operations ars set forth in the audited
financial statements.
In addition to the foregoing, we will review,.as to
compilation and mathematical computation only, the summary of
funding of debt service requirements and related schedules of
the City of Denton, Texas, prepared in connection with the
refunding of all its currently outstanding Electric System
Revenue Bonds, by the issuance of its Electric System Revenue
Bonds, series 1977.
The schedules referred to above will be prepared for
the purpose of disclosing the debt service requirements attrib-
utable to the 1977 bonds and of disclosing the adequacy of the
maturing escrow fund principal and interest to pay when due, the
maturing principal of, and interest on, the currently outstanding
Electric System Revenue Fonds which are to be called for redemp-
tion on approximately February 1, 1978. Our engagement will also
include the verification of the yield, rs that term is defined
ty prtposed regulation Section 1.103-13kc), promulgated by the
Secretary of the Treasury pursuant to Section 103(c) of the
Internal Revenue Service Code of 1954, as amended, of the series
of 1977 bonds, and of the escrow fund irvestment . Our fee for
the services indicated in the two preceding paragraphs will be
an additional $23,000 which represents a change from our letter
dated October 10, 1977.
Mr. Chris Hartung, City
Manager -3- March 014, 1978
Our fees for the services rendered will be billed to
you and payable on a monthly basis so that you may readily relate
onr fees to the services rendered.
This engagement includes only those services described
herein. Our fee expectation is based upon our estimate of the
normal costs of providing those services. Occasionally, extra-
ordinary, unforeseen events or transactions occur which require
the scope of our services to be significantly expanded. If such
circumstances should arise, it is our policy to inform appropriate
officials at the earliest possible time and to estimate the addi-
tional fees involved. Such circumstances might occur, for example,
if among other things, the City was in default of bond covenants,
or the City was involved ir. significant litigation or contract
dieputes.
In addition to the foregoing, we are frequently called
upon to perform separate examinations complying with guidelines
set forth by various funding agencies. Examples of these would
include separate examinations in connection with the State library
grants and Federal revenue sharing grant. Fees for thesa separate
examinations will be based upon arrangements made at the time the
services are requested.
If the terms of this letter are in accordance with
your understanding of our agreement, please sign one copy of
this letter and return it for our files. We appreciate the
opportunity to work with you.
Very truly yours,
ALEXANDER GRANT & COMPANY
3 rv~ R lU 4 l,c ~f. I
By
Manager
TWPrescott
gr
Enclosure
Mr. Chris Hartung, City
Ma-aager -4- March 14, 1978
The foregoing letter fully describes the services
required and is in accordance with our understanding.
CITY OF DENTON, TEXAS
Date Z210
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Chr s Hartung, Cit Manager
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STATE OF TEXAS 0
KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF DENTON 0
19
That this agreement is entered into on this _day of
March, 1978, between the City of Denton, Texas, a Home Rule
Municipal Corporation, hereinafter called "City", and Belco
Constructi.on Co., Inc., a Texas Corporation, hereinafter called
"Belco".
WITNESSETH
Whereas, that the City of Denton ow,is an unimproved tract
of land more fully described on the City tax records as lot 2A,
block 135 of the Heritage Oaks Addition to the City of Denton;
and
Whereas, That Belco has contracted to build elderly housing
units on behalf of the Denton Housing Authority on a 9.8 acre tract
of land known as lot 3, block 135 of the Heritage Oaks Addition
which is adjacent to the City's property.
Whereas, that Belco is desirous of leasing the City owned
property for use as a temporary construction easement, and the
City is desirous of leasing the property t( .:em
NOW, THEREFORE, it is agreed between the City and Belco that
Belco may use lot 2A, block 135 of the Heritage Oaks Addition tD
the City of Denton for a temporary construction easement for a
period of twelve (12) months from the date of tri: agreement and
for the total consideration of one (0,1.00) dollar.
It is further agreed that Belco will use reasonable ifforts
to avoid damaging trees, and will restore the property to Its
original condition, less reasonable wear and tear, at the expiration
of this agreement.
It is also agreed that Belco will hold the City and its agents
and employees harmlesa from and against all claims, damages, losses,
expenses, including attorney's Pees sustained by the City on account
f
of any suit, ,judgment, execution, claim or demand whatsoever
made against the City as, i result of the use of the City's
property by Beico and its agents, assigns, employees or sub-
contrs.ctors during the term of this agreement.
1 day of March, A.D. 1978.
Executed this
f City of Denton, Texas /
A. Chasart'unkO'U
City Manager
Attest-rooks Bolt, City Secretary
Belco Co strnct on Co., Inc.
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By:
Randal Duncan
President
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3050 STEMMONS FRCFW•( • P, O. BOX 5900, [ATLAS, TEXAS 75222 • PHONE 2111831-2020 • JvE KIRBY, PRESIDENT
March 9, 1978
City Secretary
City of Denton
Denton, Texas 76202
RE: Bond No. !243963
Fred Reed
Denton, Texas
Electrician Bond
Centlemen
We wish to take advantage of the cancellation clause contained in the above
captioned bond. Therefore, this is our notice of cancellation by the bond terms.
You are notified that this bond is cancelled and voided as of the 10th
day of May 19 78 ,
N RETY COMPANY
WES v
D. A. Kvernea, Vice President
CC: Nichols & White Insurance Agency
P. 0. Box 237
Denton, Texas 76202
Fred Reed
Denton, Texas
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ALLSTATEaINSURANCE COMPANY
HOME OFFICE-NORTH BROOK, ILLINOIS
CERTIFIED MAIL
MARCH 6, 1978
NOTICE Of CANCELLATION
To City of Denton Bond Number #49-912-844
Denton City Hall
215 E. McKinney Principal Burkham Const. Company
Denton, Texas 76021 1818 Briar Meadow Dr.
Arlington, Texas 76014
Notice is here , given that the Allstate Insurance Company elects to canal the above described
Bond, executed by the Allstate Insurance Company, on behalf of the above named Principal In your
favor, subl -ct to its terms and conditions, and as provided therein.
Termination of If Is Company's liability shall take effect the 6thday of Apr f 1 19 78
This notice Is without prejudice to any rights or defenses already existing under the terms and con-
ditions of the said Bond, or at law, or in equity.
A copy of this notice has also been sent to the above named Principal,
U3940.1 PAINTED IN U.S.A.
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COMPANIES AFFOR;ING COVERAGES
McKEE, GENY 5 THORNTON, INC.
P.O. BOX 23141 A Unite'i States Fidelity 6.Q_uaratLty__
Nashville, TN 37202
_ United _States_Fire- Ins. _Cn._ _
America C
n Transfs,rmer Service, INc,
P.O. BOX 3.1061 p
Nashville, TN 37211
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A [Xl 1GC A 86947 11-7-78 f
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AUTOMOBILL LIABILITY I' r, s 250
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1CC A 86947 11-1-78
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FXJ 1. It". F,
EXCESS LIABILITY ~ i
B qei "'re0 Ill 520 007274 9 11-7-78 E 1,000:11 19000
WORKERS' COMPINSAI ION,
A and 3900-365243 11-7-78
EMPLOYERS LIABILITY _ _ I s 100
01 HER
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D[SCArV7ION Of i.)F(EAilONS'lrK enn NS YI.I E.
Oil Testing
Cancellation: Should in of III,? 11 Q dP I IIt rI pOll, 1, t; C r,,,I IIC ,I tlr~t;lr~° III„ . rl Ir Jhr r: C1,11, 1t rgbf thr r,5lrnp t ~n
pany tYill rr'I G~Gde Or I: rii ul --30_ d,jy,, o,t ti, ri nl n tl tl'Ir I.c l.rW narl, j CeiI h r'n 111-I.- r, I :,t I;ih,rr' II',
mall S.ICh noI+C4 5h,3H rni~,ise no Ohlti ,n t,r Il,tt,1,1 C13ny Yirl 1 Liprui 1~1 an j.
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NIM IND AI [14;[ Fu- I„ nT(II I f l it _ March 15, 1978
Attn: Ray Iv.Llg l '°`„Fr McKEE; GENY 6 THORNTON, INC
unicipal Utilities
Municipal Biulding
215 East McKinney - - t'"u! 'l y ~ .
n, n c a l p vl I rr S! h r .~.r
Denton, Texas 76201
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March 9, 1978
SCHEDULE "B" °
BEATTY ENGINEERING CO.
We propose to furnish Preventive Maintenance inspection Service
located at: NAME; Denton City Hall - Senior Citizen Center
ADDRESS: %115 East McKinney Street Denton, Texas
Regular Inspection of Equipment at least 1 times *very other.month.
Oil and grease bearings $
Adjust fan belts -
Inspection Labor Total $
EQUIPMENT BREAKDOWN INSURANCE
*Note: Schedule
Air Conditioning Ins. $ XXXXXXXX
Boiler Insurance $
TOTAL Insurance $ XXXXXXXX
FILTER SERVICE
Filter Frames furnished by Beatty Engineering $ Beatty's_
Filter Media and labor to Change $
6 16x25x1
6 20 x 25 x 1 TOTAL Filter Service $ 15.60
WATER TREATMENT $ XXXXXXXXX
$
TOTAL Water Treatment $ XXXXXXXXX
T 0 T A L . . . . . . $ 15.60
ACCEPTED this day of
1978.
BY:
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,
NO.
AN ORDINANCE AMENDING THE ZONING MAP OF THE. "TTY OF DENTON, TEXAS,
AS SAME WAS ADOPTED AS AN APPENDIX TO THE CODE OF ORDINANCES OF
THE CITY OF DENTON, TEXAS, BY ORDINANCE NO, 69-1, P"!0 AS SAID MAP
APPLIES TO VARIOUS LOTS AND BLOCKS AS SHOWN ON EXHIBIT "A" ATTACHED
HERETO FOR ALL PURPOSES AS SHOWN 1'111S DATF, ON THE OFFICIAL TAX ~iAP
OF THE CITY OF DENTON, TEXAS, AND MORE PARTICULARLY DESCRIBED THERE-
IN; AND DECLARING AN EFFECTIVE DATE,
THE COUNCIL OF THl' CITY OF DENTON, TEXAS, HEREBY ORDAINS:
SECTION I,
That the Zoning Map of the City of Denton, Texas, adopted the
14th day of January, 1969, as an appendix to the Code of Ordinances
of the City of Denton, Texas, under provisions of Ordinance No. 69-1,
be, and the same is hereby amended as follows:
All the hereinafter described property is hereby removed
from the Multi-Family "MF-1" District as shown on said
Zoning Map, and all provisions of Ordinance No, 69-1,
adopted the 14th day of January, 1969, as amended, shall
hereafter apply to said property as Single Family "SF-%"
District in the same manner as other property located is
the Single Family "SF-7" District;
All that certain lot, tract or parcel of land lying and
being situated in the City and County of Denton, State
of Texas, and being all of the various lots and blocks
as shown on Exhibit "A" attached hereto and being the
property on West Oak Street, Denton, Texas,
SECTION II.
That the City Council of the r'ity of Denton, Texas hereby
finds that such change is in accor.iance with a comprehensiv; plan
for the purpose of promoting Lhe general welfare of the City of
Denton, Texas, and with reasonable consideraticn, among other things
for the character of the district and for its peculiar suitability
or particular uses, and with a view to conserving the value of the
buildings, protecting human lives, and etcou,aging the most appro-
priate uses of land for the maximum benefit to the City of Denton,
Texas, and its citizens,
SECTION III.
That this ordinance shall be in full force and effect immedi-
ately after Its passage and approval, the required public hearings
Having heretofore been held by the Planning and Zoning Commission
and the City Council of the City of Denton, Texas, after giving due
notice thereof.
PASSET) and APPROVED This the 21st, day off March, A. D, 1978,
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ATTE' • CIT': OF DENTON, TEXAS
iLITY OF DENTON, TEXAS
APPROVED AS TO LEGAL FOkM:
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, Y'A'I"1'bTiALY
CITY OF DENTON, TEXAS
I
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EYEIIBu "A"
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475/13 610 West Oak Barton
x15114 616 West Oak Jamison
328/1 619 West Oak Carey
329/5 705 West "ak Sni0
329/4 711 West Oak 8uttrill
476/2 716 West Oak Lair
329/3 717 West Oak Jackson
329/2 723 West Oak Lomax
324/1 801 West Oak Lane
330/6 811 West Oak Vann
488/2 812 West Oak Barker
488/3 818 West Oak Barksdale
330/5 819 West ;ak Rich
°88/4 904 West Oak De Shazo
488/5 912 West Oak Broyles
488/6 918 West Oak Do5gett
336/3 1015 West Oak Sale
336/2 1023 West Oak Cummings
336/1 1035 West Oak Evers
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1 AGREEMENT '
THE STATE OF TEXAS 4
KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF DENTON
~-r
That this Agreement is entered into on this v2 / /day of
March, 1978, between the City of Denton, Texas, a Home Rule
Municipal Corporation, hereinafter called "City", and Universal
Development Corporation, a Texas Corporation, acting by and
through its President, Giant H. Jacobson, Jr., hereinafter call-
ed "Universal" and Grant H. Jacobson, Jr., hereinafter called
"Jacobson".
WITNESSETH
1. That Jacobson will pay to the Cite of Denton the cost of
constructing or installing two (2) draiiiage boxes of a minimum
size of five (5) feet by seven (7) feet across Stuart Road including
the cost of replacing or repairing any pavement damage with the
maximum payment to the City for such construction and installation
being a sum of Twenty Thousand ($20,000.00) Dollars.
a
2. That such construction and installation shall take place
at a t'.me to be determined solely by the City.
3. That notice of time for such payment shall be made to
Jacobson by registered mail, return receipt requested when such
sum is due to be determined by the City.
4. That the City will determine appropriate designs and
specifications for sick work as well as determine the minimum size
of such structures.
5 That Jacobson shall file within ton (10) days of the date
hereof and maintain with the City a bond in the amount of Twenty
Thousand ($20,000.00) Dollars in a form acceptable to the Cit.r with
such bond to continue until released,by the City.
SIGNED AND EXECUTED this
e/ / day of March, A.D., 1978.
CITY OF DENTON, TEXAS
BY
!
ATTEST:
UNIVERSAL DEVELOPMENT
CORPORATfON
BY: lil Ills, ,
PRE DENT
INDIVIDUALI Jx
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- °6109=S►AAAAIPI7 PESSD--Wilfi ~i'mTt Sad i7.f orimrR - DaHm
-
THE STATE OF TEXAS, vol 878 }ALE 42t•
KNOW ALL MEN BY THESE PRESENTS:
COUN'T'Y OF D2NTON EED RECORDS
II
That J. DLVID THOMAS AND WIFE, BOBBIE SHORT THOMAS I
5574
Ii I
of the County of Denton State of Texas for and in consideration o'
i
the sum of
DOLLARS,
to them in hand paid by the City of Denton, Texas, a Municipal
Corporation i
~E
A
III have Granted, Sold and Conveyed, and by these presents do Grant, Sell and Convey unto the said ~j
City of Denton, Texas, a Municipal Corporation l
of the County of Denton , State of Texas , all that certain
i11l lot, tract, or part-l of land lying and being situated in the City and County of Denton I
ji State of Texas, and Deing part of the N. H. Meisenheimer Sarvey, Abstract No. 811, and li4
being part of Lot No. 81 Block A of the Brownwood Addition, an addition to the City and
County of Denton, and also being part of a tract of land as conveyed from H. G. Brown
and wife, Ina Brown to J. David Thomas by deed dated October 10, 1947 and recorded in
Volume 354, Page 488 of the Deed Records of Denton County, Texas, and more particularly
described as follows:
BEGINNING at a point in the east boundary line of said Thomas 'ract same being the west right of way line of Brown Street said point of beginning being
10.56 feet south 33° 53~
40 east from the northeast corner of said Thomas tract;
THENCE south 33° 53' 40" east along the east boundary line of said Thomas tract same be
ing the west right of way line of Brown Street a die':ance of 35.87 feet to a point for 1
a corner said point being the beginning of a curve to the right whose center bears nort
22° 00' 44" east;
THENCE northerly along said curve to the right said curve having ¢ central angle of 68°
1 11' 12" and a radius of 32.0 feet a distance of 38.08 feet to the place of beginning
and containing 133.98 square feet of land, more or less.
TO HAVE AND TO HOLD the ahove described premises, together with all and singular, the rights
and appurtenan es thereto in anywise belonging unto the said City of Denton, Texas, a
Municipal Corporation, its successors
Aceiraand assigns forever; and we do hereby bind ourselves, our
heirs, executors and administrators, to Warrant and Forever Defend all and singular the said premises
a ur.`,othe said City of Denton, Texas, a Municipal Corporation, its successor
{
Axitx and assigns, against every person whomsoever la : u11~ claim!ng, or to claim the same or any part
thereof.
Witness our hand at Dent~'1, Texas
tbis 71;~-z day of March , A. 1?. 19 78
Witnesa<s at Request of Grantor: i.~ _
ACKNOWLEDGMENT
THE STATE OF TEXAS,
COUNTY OF DENT ON BEFORE ME, the u„yV, auth„rny,
In an for said Count Texas, on this day personally appeared J DAVID THOMAS AND WIFE, BOBBIE.
SHORT THOMAS
-.'O 'nowjtc(me to be the personS whose name s are rubscribed to the foregoing instrument, and acknowledged to me that
the y ylecuted the same for the purposes and consideration therein expressed.
G1V9N UNDER MY HAND AND SEAL OF OFFICE, This hl C~ A,IT X9.78
Yf', Nola,y Public, Def1LQ.. . Co•snt Texas
• F r My Commisslon Expires 1...-_..7
ACKNOWLEDGMENT
THE STATE OF TEXAS,
COUNTY OF BEFORE ME, the undersigned authority,
In and for said County, Texas, on this day personally appeared
known to me to be the person whose name subscribed to the !oregoing instrument, and acknowledged to me that
he. executed the same for the purpos and consideration therein expressed,
GIVEN UNDER MY HAND AND SEAL OF OFFICE:, This day of A.D. 19
Notary Public, County, Tnxas
Aly Commission Expires
CORPORATION ACKNOWLEDGMENT
THE STATE OF TEXAS, BEFORE ME, the undersigned authority,
COUNTY OF.
In and for said County, Texas, on this day personalty appeared known to me to be the person an,' officer
whose name is subscribed to the foregoing Instrument and acknowledged to me that the acme was the act of the sold
a corporation, and that he executed the same as the act of such corporation for the purposes and consideration therein
expressed, and in the capacity therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, This day of A.D. 19___ .
(L.S.)
Notary Put,tic, County, Texas
_ My Commisslon Expires
CLERK'S CERTIFICATE
THE STATE OF TEXAS, 1 County
COUNTY OF
Clerk off the C Court of oaf County, do hereby certify that the foregoing instrument of writing dated on the
A. D. 19 with its CertiCrste of Authentication, was filed for
record i y ° o e_.. .dog , A. D. 19 , at o'clock M., and duty
recorde ..t.dsy A. D. 19 , at. o'clock M„ In the
RecoXe aid Coot In volume_ , on pages.
WI1 A HA~OF'THECOUNT ofsa' celn
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S3nlI,,_ County, Texaa.
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AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DRNTON,
TEXAS, FIELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 21ST
DAY OF MARCH, A. D. 1978.
R I- S O L U T I O N
WHEREAS, it is a public necessity to obtain certain properties
for street improvements and capital improvements in the City of
Denton; and
WHEREAS, negotiations have taken place and agreements reached
for the purchase of certain properties for the total sum of Sixty-
Five Thousand One Hundred Twenty-Four and 40/100 Dollars ($65,124.40),
costs of closing included;
NOW, 111EREFORE, BE IT RE51OLVED BY THE CITY COUNCIL OF THE CITY
OF DENTON, TEXAS:
That money be expended from the Street Improvement Bond Fund
to US Life Title Company in the amount of Thirty-FiNe Thousand Six
Hundred Sixty-Six and 50/100 Jollars ($35,666.50) and the amount of
Six Thousand Nine Hundred Forty-Six Dollars ($6,946,00) in miscel-
laneous expenses as per the attached addendum affixed hereto; and
that money for right-of-way condemnations for Sherman Drive and
Avenue A be expended from the Street Improvement Bond Fund to US,
Life Title Company in the amount of Twenty-One Thousand Nine Hun-
dred Six 5 90/100 Dollars ($21,906.90); and money for right-of-way
condemnations for McCormick be expended from the General Revenue
Fund to US Life 'title Company in the amount of Six Hundred Five
and No/100 Dollars ($605.00) for the acquisition of right-of-way.
PASSED and APPROVED this the 21st day of March, A. D. 1978•
CITY OF DENTON, TEXAS
ATTEST• ~
s CITY
C TY OF DENTON, TEXAS
APPROVED AS TO LEGAL FORM:
PAUL C. ISILAMp--CITY ATTORNEY
CITY OF DENTON1 TEXAS
ADDENDUM OF PROPERTIES Fc EXPENDITURES
1. STREET IMPhOVEMENT BOND FUNDS; ,
US LIFE & TITLR COMPANY
W.B. King Sherman Drive $ 8,165,00
T. C. Bowman Sherman Drive 2,305.00
John B. Harrison Sherman Drive 352.50
Mildred E. Stuart Sherman Drive 652.50
Stanlee Roberts Sherman Drive 3,652.50
Z.D. Zachery Sherman Drive 4,652.50
I.W. O'Brien Sherman Drive 302.50
Royal Acres Derv. Sherman Drive 4,161.00
J.L. Tidwell Sherman Drive 440.00
T.G. Harrison Sherman Drive 1,511.00
Sue Boyet Sherman Drive 1,406.00
H.L. Whitworth Sherman Drive 256.00
George Munger Sherman Drive 310.00
Asbury Methodist Sherman Drive 7,500.00
TOTAL SHERMAN DRIVE $35,666.50
2. DENTON COUNTY CLERK - (CONDEMNATIONS)
G.R. Hickman Sherman Drive $ 9,099.00
Lucille Allen Sherman Drive 6,195.40
TOTAL CONDEMNATIONS $15,294.40
3. LAND PURCHASES
F.G. Smith Avenue A $ 350.Q0
G.B. Grier Sherman Drive 1,200.00
J.S. Frisby McCormick Drainage 500.00
Halley Schmitz Sherman Drive 2,767.50
Helen Borth Sherman Drive Utilities 300.00
Dan Leander Sherman Drive 2,100.00
TOTAL LAND PURCHASES $ 7,217.50
4. MISCELLANEOUS;
Signal Lig%t Costs Univ. - Bonnie Brae $ 2,321.00
Real Estate Appraisals Sherman Drive 3,470.00
Testimonies Sherman Drive 1,050.00
Survey Cost McCormick 105.00
TOTAL MISCELLANEOUS $ 6,946.00
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Marsh&
S ennan
Marsh G McLennon, Incorporated
CERTIFICATE OF BUILDER'S RISK INSURANCE • 400 North lkard SrreeTelep one 214%7421941
Date: March 15, 1978
City of De:iton
Community Development Dept,
Denton, Texas
As authorized ag?nts for the insurance company indicated
below, we certify that the pclicy described has been issued
and is in force ar_ this time. If the insurance afforded
thereunder is cancelled or r,aterially changed prior to the
expiration date, ten days written notice will be nailed
to you at the address shown above.
ASSURED -
City of Denton, Owner; DENTON CONSTRUCTION COMPANY AND
DENTON PRECAST, INC., CONTRACTOR; and All Subcontractors
and Sub-subcontractors.
PROPERTY AND LOCATION -
Paving improvements to the trade square on Oak St.
in Denton, Texas.
I
LOSS PAYEE -
•
COVERAGE - Fire, Extended Coverage, Vandalism 6 Malicious Mischief
in accordance with the Standard Policy as approved by the
State of Texas and amended by the
Standard "All Risks" Builder's Risk endorsement.
AMOUNT OF INSURANCE - $97,305.86
COMPANY AND POLICY NLTMBER - U. S. IYre Insurance Company
IF 47 75 98
EXPIRATION DATE - May 14, 1978
MARSH 6 McLENNAN, INC.
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Mai s
Mg ennan
Marsh d Mclennan, Incorporated
CERTIFICATE OF BUILDER'S RISK INSURANCE 400 North Akord Street Dallas, Texas 75201
Telephone P 4 742-1941
Date: February 22, 1978
City of Denton
Denton, Texas
As authorized agents for the insurance company indicated
below, we certify that the policy described has been issue-'
and Is in force at this time. If the insurance afforded
thereunder is cancelled or materially changed prior to the
expiration date, ten days written notice will be mailed
to you at the address shown above.
ASSURED - City of Denton, Owner; DENTON CONSTRUCTION COMPANY
AND DENTON PRECAST, INC., CONTRACTOR; and All Sub-
contractors and Sub-subcontractors.
PROPERTY AND LOCATION - Cctlstruction of McCormick Street
Drainage `-oject, Denton, Texas.
I
LOSS PAYEE -
COVERAGE - Fire, Extended Coverage, Vandalism d Malicious Mischief
in accordance with the Standard Policy as approved by the
State of__TpMS_ and amended by the
Standard "Ail Risks" Builder's Risk endorsement.
AMOUNT OF INSURANCE - $820181.50
COMPANY AND POLICY NUMBER - U. S. Fire Insurance Company
IF 47 75 98
EXPIRATION DATE - May 14, 1978
MARSH b McLENNAN, INC.
MMC-9104 A
CERTUICATI. IIOLCER
0corci
s/. Murphy-Humphreys 6 Associates CCMGAhI~s AFFORDING COVERAGES
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` 1111 W. Mockingbird Ln„ 1!828 11: T Dallas, TX 75247 A Bituminous Sacualty Corporation 0
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81nton Construction Company C
6 E. Sycamore Street - - -
r Denton, TX 76201
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parry will F;ndc,'vcr Io Iriod drys .Nr,itF.n n;,hce to II -C 10(,Ov nan•oJ te1b'1r.at. 1oklcr, Lul failure tv
mail such notice shall 111lpw c nrl obt,}',atlon n. II ""Illy of eny klod upon IhC Corny 4ny-
4
N~dE ~4[)R~[1~[4 r[(,IntlHi ~iF 1,.14N cc Q
El 1550117.
City of Denton
Dept. of Community Development
Denton, TX 76201 MURPHY-HUMPHREYS 6 ASSOCIATES
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FIDELITY AMERICAN
Insurance Company
DALLAS,TEXAS
PERFORMANCE AND PAYMENT BOND
KNOW ALL MEN BY THESE PRESENTS.Thatwe DENTON CONSTRUCTION COMPANY
as Principal, hereinafter called Principal, and FIDELITY AMERICAN INSURANCE COMPANY, a corporation of
the State of Texas, with its home office in the City of DALLAS, TEXAS USA, as Surety, hereinafter call Surety, are
held and firmly bound unto TNE,CITY.QT I)ENT0Nr TEXAS
ive
Ninet seven thousand three hund red f
as Obliggee, (hereinafter called the Obligee) in the amount of...... Y . . . . , .
and 86/100---------------- bollars (S. . .8,6
.........................................................................?...?,3 .
for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators,
successors and assigns firmly by these presents.
WHEREAS, the Principal did on the- .In ..day of.,..Ma,cch 19 78.... r nter into a written contract with
said Obligee for • • • • • • .QOYA9. PIIRI;PVAMq' Gt3..W. thq.Trp.4@.O.gg4 ?e.. Dgnton,, Texas . . . .
which Contract is by reference made a part hereof, and is hereinafter referred to as the Contract.
NOV,, THEREFORE, THE CONDITION OF THIS OPLIGATION 1S SUCH, That is the Principal shall
Indemnify the Obligee against any loss of damage directly arising by reason of the failure of the Prinicipal to (a)
faithfully perform said contract and (b) pay all just claims for labor and material furnished in the completion of said
Contract by persons, firms or corporations having direct contracts with the Principal, then this obligation shall be null
and void; otherwise to remain In full force and effect.
This bond is executed and accepted subject to the following conditions:
(1) That the Obligee shall faithfully and punctually perform all the terms and conditions of said Contract to be
performed by the Obligee.
(2) That the Obligee shall notify the Surety by registered letter, addressed and mailed to it at its Home Office, of
any breach of said Contract within a reasonable time after such breach shall have come to The knowlede of
of the Obligee.
(3) All suits at law or proceedings in equity to recover on this bond must be instituted within sir months after the
completion of said contract, and in any event within twelve months from the date fixed in said contract for
its completion.
SIGNED, SEALED AND DATED this 13th,.,.,, day of .,.......march I973..
nVNTAN CONSTWIrTTAN COMPANY (SEAL)
By-
t.FTflnlc Tfibma Principal
(SEAL) FIDELITY AMERICAN INSURANCE COMPANY
A-790032 ff
.a...
BOND NO,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Thomas Hanna Attorney4n-/'act
FIDELITY AMERICAN INSURANCE COMPANY
DALLAS, TEXAS
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS: That the Fidelity American Insurance
Company, a Corporation in the State of Texas, having its principal office in Dallas, State of
Texas, pursuant to the following resolution, adopted by the Board of Directors of the said
Company on the 14th day of February, 1977, to wit:
"The President, or any Vice-President, or other officer designated by the Board
Executive Committee shall have authority, severally, to make execute and deliver a power
of attorney constituting as Attorney-in-Fact such persons, firms or corporations as such
officers may select from time to time," does hereby make, constitute and appoint firms or
corporations as such officers may select from time to time," does hereby make, constitute
and appoint
THOMAS HANNA
its true and lawful attorney-in-Fact, with full power and authority hereby conferred in its
name, place and stead, to sign, execute, acknowledge and deliver in its behalf, and as its act
and deed, as follows:
Unlimited on behalf of this Company, in its business and in accordance with its charter,
and to bind Fidelity American Insurance Company thereby, and all of the acts of said
Attorney-in-Fact, pursuant to these presents, are hereb" ratified and confirmed.
IN WITNESS WHEREOF, the Fidelity American Insurance Company has caused these
presents to be signed by its President and/or Vice-President rnd its Corporate Seal to be
hereto affixed.
FIDELITY AMERICAN INSURANCE COMPANY
.w. i.... .
Wm. Richard Bush, Vice-President
State of Texas
ss.
County of Dallas
On this 14th day of February, 1977, before the subscriber. a Notary Public of the State of
Texas in and for the County of Dallas duly commissioned and qualified, came Wm. Richard
Bush of the Fidelity American Insurance Company, to me personally know to be the
individual and officer described herein, and who executed the preceding instrument, and
acknowledged the execution of the same, and being by me duly sworn, deposed and said,
that he Is the officer of said Company aforesaid, and that the seal affixed to the preceding
Instrument is the Corporate Seal of said Company, and the said Corporate Seal and
signature as an officer were duly affixed and subscribed to the said instrument by the
authority and direction of the said Corporation, and that the resolution of said Company,
referred to in the preceding Instrument, is now In force.
IN TEST 1 MONY WHEREOF, 1 have hereunto set my hand, and affi":ed my official seal
at Dallas, Texas the day and year above written. aid&.
„
~nr~er Notary Public
ti
r Pl ~L N' .
Marvin C. Sims
NOTARY PUBLIC, State of Texas
Commission Expires June 1, 1977
Stale of Texas
ss.
County of Dallas
CERTIFICATE
1, the undersigned, Secretary of FIDELITY AMERICAN INSURANCE COMPANY a
sto, It corporation of the Slate of Texas, DO HEREBY CERTIFY that the foregoing and
attached Power of Attorney and Certificote of Authority remains In full force and has not
been revoked; and furthermore, that the Resoluti3n of the Board of Directors, as set forth in
the Certificate of Authority, are now In force.
Signed and Seated at the said Company, at Dallas, Texas, dated this. tlk. day oiNkt9
19 I8.........
d i,,...
S. A. Elliott, Secretary
oil
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arc-
1 STANDARD FORM OF AGREEMENT
•
STATE OF TEXAS X
X
COUNTY OF Denton X
THIS AGREEMENT, made and entered into this 7th day of
March A.D.19 78 , by and between the Citv of Denton
of the County of Denton
and State of Texas, acting through its Mayor. Elinor Hughes
thereunto duly authorized so to do, Party of the First Part, herein-
after termed OWNER, and Denton Construction Company
. of the City of Denton County of Denton
and State of Texas Party of the Second Part, hereinafter
termed CONTRACTOR.
-WITNESSETH: That for and in consideration of the payments and
agreements hereinafter mentioned, to be made and performed by the Party
of the First Part (OWNER), and under the zonditions expressed in bond
bearing even date herewith, the said Party of the Second Part (CONTRAC-
TOR), hereby agrees with the said Party of the First Part (OWNER) to
commence and complete the construction of certain improvements described
as follows:
PAVING IMPROVEMENTS TO THE TRADE SQUARE
and all extra work in connection therewith, under the terms as stated
in the General Conditions of the Agreement and at his (or their) own
proper cost and expense to furnish all the materials, supplies, ma-
chinery I equipment, tools, superintendence, labor, insurance, and oth-
er accessories and services necessary to complete the said construc-
tion, in accordance with the conditions and prices stated in the
-2-
Proposal attached hereto, and in accordance with the Notice to Contrac-
tors, General and Special Conditions of Agreement, Plans and ether
drawings and printed or written explanatory matter thereof, and the
Specifications and addenda therefor, as prepared by Jim Jones, Director
of Community Development, herein entitled the ENGINEER, each of which
has been identified by the CONTRACTOR and the ENGINEER, toget;ie.: with
the CONTRACTOR'S written Proposal, the General Conditions of the Agree-
ment, and the Performance and Payment Bonds hereto attached; all of
which are made a part hereof and collectively evidence and constitute
the entire contract.
The CONTRACTOR hereby agrees to commence work within fifteen (15)
days after the date written notice to do so shall have been given to
him, and to fully complete the project on or before July 1, 1978.
The OWNER agrees to pay the CONTRACTOR in current funds the price
or prices shown in the proposal, which forms a part of this contract,
such payments to be subject to the General and Special Conditions of
the contract.
IN WITNESS WHEREOF, the parties to these presents have executed
this Agreement in the year and day first above written.
City nf Party o -the Firs arPrtt arty o the econ art
(OWNER) (CONTRACTOR)
By: By; v i. ~!✓r_:lr>.~~ President
Fran ,To'Tr ason
Attest: l' 1. Al a' ~ , 7 f Attest: dx. CZfeij_111 1
Contract B1,1 Amount $97,305.86
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^'a. 7 P -II
AN ORDINANCE OF THE CITY OF DENTON, TEXAS, CREATING A "HUMAN
RESOURCES COMMITTEE"; PROVJDING FOR STAGGERED TERMS OF COM-
MITTEE MEMBERS; PROVIDING FUNCTIONS FOR SAID COMMITTEE; PRO-
VIDING A SEVERABILITY CLAUSE; AND DECLARING AN EFFECTIVE DATE.
WHEREAS, the City of Denton, Texas, has a history of pro-
viding good human services; and
WHEREAS, excellent human services benefit the entire com-
munity; and
WHEREAS, it is recognized that the City of Denton needs
a Human Resources Committee in order for the City to interact
with community groups in order to bring about improvements in
the human service delivery system and provide a r^rum which
promotes better communication and coordination among the various
human service agencies;
NOW, THEREFORE, THE COUNCIL OF THE CITY OF DENTON, TEXAS,
HEREBY ORDAINS:
PART I.
That Chapter 2 "Administration" of the Code of Ordinances
of the City of Denton, Texas, i~ hereby amended to create a new
Article IV "Human Resources Committee" and it shall read as
follows:
ARTICLE IV.
HUMAN RESOURCES COMMITTEE
Section 2-28. Creation of the Committee
(a) There is hereby created a Human Resources Committee
to be composed of eleven (11) members appointed by the City
Council for two (2) year terms. The committee memo, rs ;hall have
staggered terms with six (6) members being appointed durine even
numberc,1 years and five (5) members being appointed during odd
numbered years. At its inctption, the City Council shall appoint
six (6) members to the committee for a two (2) year term and
five (5) members to the committee for a one year term. Members
of the committee may be removed by the City Council for cause.
Vacancies shall be filled in the same maniar provided for regu-
lar appointments.
(b) The City Manager or his designee shall be an ex officio
member of the committee. He shall attend all meetings of the com-
mittee and shall have the right to discuss any matter that is
under consideration by the committee but shall have no vote.
(c) Members of the committee shall be citizens of the City
of Denton.
(d) At the first meeting each year after new members have
been sworn in, the committee shall select ir,;m its own membership
a chairman, vice-chairman and secretary, ~`ny five of the regu-
larly appointed members shall constitute a q;iorum. The committee
shall determine its o,,n rules and order of bisiness, and shall
meet as necessary. All meetings shall be open to the public- and
a permanent record of proceeding- maintained.
Section 2-29, Duties of the Human Resources Committee
(a) It shall be the duty of the committee to act in an
advisory capacity to the City Council and to assist in the co-
ordination of all human services agencies with authority to hold
public hearings and to study and recommend policies relating to
the promotion, planning, research, and related matters involving
human service relations and human services delivery in the City
of Denton.
(b) To interact with community groups in order to bring
s
about improvements in the human service delivery system and pro-
vide a forum which promotes better communication and coordination
among the agencies,
(c) To serve in an advisory capacity and encourage con-
tinuing in-depth evaluation of the effectiveness of the social
service delivery system in Denton,
(d) To recommend to the City Council actions ur implemen-
tation that would improve human services in the City of Denton,
PART II,
That if any section, subsection, paragraph, sentence, clause,
phrase or word in this ordinance, or application thereof to any
.2-
•
person or circumstances is held invalid by any court of competent
jurisdiction, such holding shall not affect the validity of the
remaining P00-tions of this ordinance, and the City Council of the
City of Denton, Texas, hereby declares it would have enacted such
remaining portions despite any such invalidity.
PART III.
That this ordinance shall become effective immediately after
its passage.
PASSED and APPROVED this the 7th day of March, A. D. 1978.
UR
CITY OF DENTON, TEXAS
ATTEST:
TMO&S HOLT, CITY SECRETARY
CITY OF DENTON, TEXAS
APPROVED AS TO LEGAL FORM:
A
CITY OF DENTON, TEXAS
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AGREEMENT
THE STATE OF TEXAS X
KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF DENTON
This Agreement made and entered into this the,,, /f day of
1978, by and between the City of Denton, Texas,
a Municipal Corporation, hereinafter called "City", and the Denton
Cultural Confederation, a non-profit corporation chartered under
Vie Laws of the State of Texas, hereinafter called "Confederation",
WI TNESSETH :
WHEREAS, the City has recently passed an ordinance providing
for the increase cf the assessment and collection of a hotel occu-
pancy tax in the City of Denton from three percent (3%) of the con-
sideration paid by the occupant of a room, space or facility in
any hotel rn four percent (4%); and
WHEREAS, Article 1269]-4.1 permits the use of a portion of the
four percent (4%) occupancy tax for the encouragement, promotion,
improvement, and the application of the arts, and historical preser-
vation and restoration; and
WHEREAS, the Confederation is well equipped to improve and pre-
sent the arts and to conduct and coordinate historical preservation
and restoration in the City of Denton; and
WHEREAS, it is to the mutual benefit of the City and Confed-
eration that the City provide funds from the additional one percent
(1%) increase in the hotel occupancy tax to thi Confederation for
the above stated purposes and that the Confederation use such funds
for such purposes;
NOW1 THEREFORE, in consideratijn of the premises and of the
mutual covenants herein contained, City and Confederation hereby
agree as follows;
1. Confederation shall employ its best efforts for the en-
couragement, promotion, improvement, and application of the arts
and historical preservation and restoration in the City of Denton
including the establishment and operation by Confederation of an
of'ice for such purposes,
y f• • • • • 1 • •
2. As a consideration for the services set forth in Paragiaph
1 hereof, City agrees to pay to Confederation an amount equal to the
one percent (11) hotel occupancy tax or twenty-five percent (251) of
the amount actually collected by the City from the hotel occupancy
tax in any fiscal year during the term of this agreement less one
percent (11) for administration expenses, but the City shall not be
liable to pay any additional funds, If the one percent (11) does
not adequately reimburse the City for its expenses, then the City may
deduct the actual amount of such expenses.
3. The City shall, on or before the 45th day following the end
of each quarter pay an amount equal to twenty-five percent (251) the
monies collected for the quarter less one percent (11) to the Con-
federation. The quartars will end on the 31st day of March, the 30th
day of June, the 30th day of September and the 31st day of December
of each year. The first payment under this contract will be due 45
days after the quarter ending June 30, 1978,
4. The Confederation agrees that it will record expenditures
involved in thi3 program on a monthly basis in separate accounts.
The books of account will be maintained in a form approved by the
Director of Finance of the City of Denton and will be available for
inspection and copying by the Director, his duly authorized agents
and representatives.
5. Thirty days after the end of every quarter the Confederation
will furnish to City a performance report of its work under this con-
tract in a form determined by the City Manager and which shall reflect
overall activity, and a description of same in the last quarter, and
the expenditures during the quarter of the funds received pursuant to
this contract.
6, It is understood and agreed that Confederation shall not in
any sense be considered a partner or joint venturer with City, nor
shall Confederation be considered not in any manner hold itself out
as an agent or official representative of City. Confederation shall
be considered an independent contractor for the purposes of this
agreement and shall in no manner incur any expenses or liability on
behalf of City,
AGREEMENT - PACE TWO
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7. Confederation does further agree to hold City harmless from
any and all clair,,s by third parties for any injuries, damage or lia-
bility occasioned by Confederation in connection with this agreement.
8. It is understood and agreed that this contract shall be
terminated upan occurrence of any of the following events:
(a) The giving of written notice by either party to the other
party at least ninety (90) days pr1or to the date of termination;
(b) The termination of the corporate existence of Confederation;
(c) The insolvency of Confederation, the filing of a petition
in bankruptcy, either by or against Confederation, or an assignment
by Confederation for the benefit of creditors;
(d) The breach by Confederation of any of the terms and condi-
tions of this agreement and the continuation of such breach for a
period of ten (10) days after written notice is given by City to Con-
federation of such breach;
9. In the event of the termination of this agreement as provided
in Pazagraph 8 hereof, Confederation shall submit to City a statement
showing any expenses incurred by it for the present quarter in which
said termination takes place and City agrees to reimburse Confederation,
to the extent that twenty-five percent (259) of said Monies are col-
lected from the hotel occupancy tax during that quarter, an amount
equal tc the lesser of the expenses incurred by the Confederation dur-
ing that quarter or twenty-five percent (259) of the amount of tax col-
lected for that quarter. City also realizes that Confederation may
have committed themselves to pay expenses for the promotion and encour-
agement that will occur after the termination of this agreement, and
City agrees to reimburse the Confederation for such expenses up to the
cumulative sum of $250.00 from the hotel occupancy tax.
10. Confederation shall not assign this co-Ttract without the
written consent of City first obtained in writing,,
ll. Any notice required to be given under the teems and provi-
sions of this Agreement shall be effective if and when given in
AGREEMENT - PAGE THREE
writing and deposited in the United States Mail, certified or
registered mail, return receipt requested, on the date so deposited
and addressed to the respective parties as follows:
City bia.tager
City of Denton
215 East McKinney
Denton, Texas 76201
President
Denton Cultural Confederation
Denton, Texas 76201
12, This agreement shall be binding upon the successors and
assigns of the respective parties,
13. All the terms, conditions and stipulations of this contract
are subject to all applicable federal laws, state laws, the Charter
of the City of Denton, all ordinances passed pursuant thereto and all
judicial determinations relative thereto.
EXECUTED on this the v91day of ~eW , 1978,
CITY OF DENTONO TEXAS
rfy
BY
E LTRaR F , M4Y
.MR
CITY OF DENTON, TEXAS
ATTEST:
XS HCLT0 CITY 6hUHMARY-
CITY OF DENTON, TEXAS
APPROVED AS TO LEGAL FORM:,
PAUL U. , CITY ATT,
CITY OF DENTON, TEXAS
DENTON CULTURAL CONFEDERATION
1
BY
GDS
ATTEST:
AGREEMENT • PAGE FOUR
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A-96-WARRANTY DEED-With Gmaa1 amd,Copontloe A&nowbd,mata MARTIN gtatiooeq Co., Dams
l THE STATt OF TEXAS, ti~ sus i
Know All Men By'hese resents:
County of.......... ~?.F~1.T.9N ~
DEED RECORDS
'that The State of Texas
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of the County of Denton State of Texas for and in consideration of
the sum of i
--------One Dollar ($1.00)------------------------
I,
to it in hand paid by City of Denton, Texas, a Municipal
Corporation 31
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! have Granted, Sold and Conveyed, and by these presents do Grant, Sell and Convey unto the said
City of Denton, Texas, a Municipal Corporation
of the County of Denton , State of Texas all that certain lot, tract or parcel of lard lying and being situated in the City and ~
County of Denton, State of Texas, ant being part of the E. Puchalski
Survey, Abstract No. 996 and being part of Lots 5, 81 9 and 14 of the
We H. Hodgson Addition, an addition to the City and County of Denton,
and also being part of three tracts of land, hereinafter referred to
as Tract One, Tract Two and Tract Three, Tract one being conveyed from
Rita Pilkey and Ruth F. Priddy to the State of Texas by deed dated may
26, 1977 and recorded in Volume 837, Page 273 of the Deed Records of
Denton County, Texas, Tract Two being conveyed by Georgia Belle Leach
to the State of Texas by deed dated January 20, 1955 and recorded in
Volume 406, Page 539 of the Deed Records of Denton County, Texas, Tract
Three being conveyed by We H. Hodgson and wife to the State of Texas
h,' deed dated December 20, 1954 and recorded in Volume 406, Page 540
of the Deed Records of Denton County, Texas and more particularly des-
cribed as followsr
BEGINNING at the southeast corner of said Tract One, said point of be-
ginning also being the intersection of the north right of way line of
Eagle Drive and the west right of way line of Avenue D;
THEME west along the south boundary line of Tract One, Tract Two and
Tract Three, same being the north sight of way line of Eagle Drive, a
distance of 601.4 feet to a point for a corner, same being the south-
west corner of said Tract Three and also being the intersection of the
north right of way line of Eagle Drive and the east right of way line
of Avenue El
THENCE north along the west boundary line of said Tract Three, same
being the east right of way line of Avenue E, a distance of 24.0 feet
to a point for a corner;
THENCE south 450 00' east a distance of 28.3 feet to a point for a
i corner;
THENCE east 4.0 feet north of and parallel with the south boundary line
of said Tract Three, Tract Two and Tract one, same being the north right
of way line of Eagle Drive, a distance of 581.4 feet to a point for a
corner in the east boundary line of said Tract One;
THENCE south along the east boundary line of said Tract one, same being
the west right of way line of Avenue D, a distance of 4.0 feet to the
place of beginning and containing 28605.6 square feet of land, more or
less.
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TO HAVE AND TO HOLD the above described premises, together with all and singular, the r:ghts and
appurtenances thereto in anywise belonging unto the said City of Denton, Texas, a Municipal
Corporation, its successors
UK and ass°gns forever; and it do hereby bind itself, its successors
Lain, eseculoA and administrators, to Warrant and Forever Defend all and sirdular the said premises unto the
said City of Denton, Texas, a Municipal Corporation, its successors
1DMla and assigns, agUnst every person whomsoever lawfully claiming, or to claim the same, o; ■ny part
thereof.
Witness our band at Denton, Texas this 27th dayof
March ,A.D.19 78
Witnesses at Rcquest of Grantor:
.70, ..F TATE...OF....URA5..........._...............................
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s ACKNOWUMMENT
THE STATY OF TEXAS, '
BEFORE ME, the undetnlgned authority,
COUNTY OF.._DE2vTS?N
In and for Bald County, Texas, on this day personally appeared....
~:e.x..S.....SS a_t e... M p v e.r.s
and officer
known to me to be the pemon.._L.._.whose name i.$....... .aubscribed to the foregoing instrument, and acknowledged to me that
tic.......... exau.cl me same for the purposes and comideratlon therein expressed.
O1VEN UNDER MY HAND AND SEAL OF OFFICE, Tbb,....27ttl day oL I A.D. 19.2_
................_._....t!Q.-..........
Notary Public,........ D2ritOtl ...........County, Tom
~iUl U~Fr MA U Sly Commission Expires June ...3.!_3.1./3.9................ t9..__......
AC"OWUMMENT
THE STATE OF TEXAS,
BEFORE ME, the undersigned authority,
COUNTY OF...... _ r
In and for said County, Texas, on this day personally Appeared
known to me to be the person whose nam subscribed to the foregotng instrument, and acknowledged to me that
be_...._.executed the same for the purposes and cordideralioa therein expressed.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, This ........................day of...................... A.D. 19...........
I1.. S.)
Notary Public ...........................................County, Taal
My Commission Expires June
19..._.._..,
CORPORATION ACKNOWLEDGMENT
STA
THE TE OF TEXAS,
~ I BEFORE LSE, the undersigned authority,
COUNTY OF
in and for said County, Texas, on this day personally appeared
whose name is subscribed to the foregoing Instrument and acknowledged to me that the same was the act of the said _
................................................,......................................................._w
a corporation, and that be executed the same as the act of such corponCon for the purposes and consideration therein expressed, and in
the capacity therein stated.
known to me to be the person and officer
GIVEN UNDER MY HAND AND SEAL OF OFFICE, This ..................day of A.D. 19.....
(LS.)
Notary Public _ _.__.......„...County, "etu
I
My Commission Expires June. . 19.......
E COUNTY OF ......I_- STATE OF............TE~~' i
County Clerk of the County Court of acid County, do hereby certify that the foregoing instrument of writing dated on the....
.Y.._..._.__..__day of_..__._,__......._,...._.,.._..., A.D. 19....„.., with Its Certificate of Authentication, was tiled fvr record in my aSa
on the. __r...day o1....
_ A.D. 19........., at......._....... o'clock..._...._.....M., and was duty recorded ft.............
day of A.D. 19..._........ at................. -O'clock.... __M., In the Records of said County, In Vol.
ume on pages
WITNESS my band and scat of the County Court of said County, at my O&e In_
„ the day and year last above hrltten.
Clerk County Court..... . „ ..t., ,unty, Texas
(L. 9.) By Leputy.
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A 96--WARRANTY DEED-Wlth Gonad end Coportion Aelmowkdtmeou 14 AR T IN Sae!:+e7 Co., D" 1
THE STATE OF TEXAS,
Know All Men, icy hese -Presents:
County of.......... A.elat.l)n................ DEED RECOR09 j
That James L. Collier
8696
of the County of Denton , State of Texas for and in consideration of
the sum of
------------FOUR HUNDRED TWENTY-FIVE & No/100 ($425.00)--------DOLLARS,
to him inbandpaidby City of Denton, a Municipal Corporation
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have Granted, Sold and Conveyed, and by these presents do Grant, Sell and Convey unto the said City of Dentoni,
a Municipal Corporation
of the County of Denton , State of Texas all that certain
lot, tract or parcel of land. lying an being situated in the City and
County of Denton, State of T.ixas, and being part of the E. Puchalski
survey, abst. no. 996, and being part of a tract of land conveyed from
Mrs. Lonie S. Bass to James L. Collier by deed dated September 25, 1972
and recorded in Volume 656, Pae,e 1.97 of ',he Deed Records of Denton County,
Texas, and more particularly described as follows:
BEGINNINrj at the northeast corner fo said tract, said point of beginning
:ytn¢ in the west right-of-way line of Avenue "E" and being 214,0 feet
south of the intersection of the south right-of-way line of Stella Street
and the west right-of-way line of Avenue "E";
THENCE south, along the east boundary -line of said,tract, same being the
west right-of-way line of Avenue "E", a distance of 55.0 feet to a point
for a corner, same being the southeast corner of said tract;
THENCE west, along the south boundary line of said tract, a distance of
6.0 feet to a point for a corner;
THENCE north 6,0 feet west of and parallel with the east boundary line ol
said tract, a distance of 55.0 feet to a point for a corner in the north
boundary line of said tract;
THENCE east, along the north boundary line of said tract, a distance of
6.0 feet and containing 330.0 square feet of land, more or less.
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TO HAVE AND '.'0 HOLD tae above described premises, together with all and singular, the rights and
appurtenances thereto in anywise belonging unto the said City of Denton, a Municipal Corp.
heirs and assigns forever; and I do hereby bind myse1 f , my
heirs, executors and administrators, to Warrant and Forever Defend all and,singular the said premises unto the
said City of Denton, a Municipal Corporation
I
heirs and assigns, against every person wbomsoever lawfully claiming, or to claim the same, or any part
thereof,
Witness his1band at Denton County, Texas this / !-Tr day of
/M , A.D. 1978
Witnesses at Request of Grantor:
>
.
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ACKNOWLEDGMENT
THE STATE OF TEXAS, }r I
BEFORE BIF, the undersigned authority,
COUNTY OF........... _Z?.t'I tcw.....................
in and for said County, Texas, on this day personally appeared. .._..James _L......Col,1.1,er..........
r.... _
_
known to me- to be the name........ s,............ subscribed to the foregoing Instrument, and acknowledged to me that
b! ....executed the same for the purposes and consideration therein expressed. )M
GIVEN UNDER MY HAND AND SEAL OF OFFICE, This. ,1.:.`...da
(I« S.)
t~ Notary Public,............ !gp..qn......... _ ........................County, Teens I
rt'i ~Jt1 i'AGE bJ~ to?'r.
My Commis+ion Expires June _ ,
w._
ACKNO%7.EUGMENT
ME STATE OF TEXAS,
BEFORE h7 E, the undenlgnni authority,
COUNTY OF........ _
In and for said County, Texas, on this day personally appeared..........
known to me to be the person whose name ...subscribed to the foregoing Instrument, and acknowledged to me that
_be..._..execuled the same for the purposes and consideration therein expressed.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, This- ...................day oi.........._..... AM. 19_..._.....
(I« S.)
Notary Pub.k,......_ _....«.........«.«...Coualy, Tau
My Commission Expires June ~ 10...
CORPORATION ACKNOWLEDGMENT
THE STATE OF TEXAS, # BEFORE ME, the undersigned AL'Arity,
COUNTY OF_....«....._......
In and for said County, Texas, on this day personally appeared.
known to me to be the person and officer
whose name L subKdbed to the foregoing instrument and acknowledged to me that the same was the act of the said
a corporation, and that he executed the same as the act of ouch corporation for the purposes and consideration therein expressed, and In
tbo capacity therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, This ........................day of..._........... A.D. 19
(L3.)
_
Notary ........County, Tema
My Commission ExIlms June 19..........
THE STATE OF TEXAS,
COUNTY OF _
County Clerk of the County Court of sLld County, do hereby certify that the foregoing Instrument of writing dated car, !he..._.........
Al day A.D. 19_.. with Its Certificate of Authentication, was filed for record In my office
on lbe._...u...day Of_........ A.D. 19........., al....... ..._«o'cloQ_.... ..M., and weal duly recorded this
day o! _ « A.D. 19..........., at.... ...............o'dock (n the Records of said County, In Vol-
01 pages
WITUM my band and seal of the County Court of Mid County, at my office (o..... .
. _ «......the day and year last above written.
Ckrk County Court'.".-' ..............._.......__........I.._..........«,.«....«.............«., ...Gwmty, Tana
(L s.l By...._....... Deputy.
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8t61 t t?bdH
w Aq uoA% p dU;FO sl se0l ,Rlnma u04uar, i0
tpww pwrtu 141 10 Pled pit IWnp $41 ul 40103
.u Alop uM put cw aq UWA4 padwtp 6WIl At 411F
t41 uo pall %jm l„ awruisul %141 le41 oppo Agtity
tt%11 'A4003 UMIG 'NOM A1003
IlalNla 40 Alltnao sm140 if
k9 -WAIRRAN'TY DEED-W" Gmerd and Copomff; Adw**Wvnmu MART IN Sutiou" Co., Dd1u
THE STATE OF TEXAS, lALE 688
1 Know All Alen By Tliese• Presents:
Countyot......Denton
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That Charles R. Smith `pfED RECORDS {
1
8698
of the County of Denton , State of Texas for hod in consideration of j
the sum of
-------------FIVE HUNDRED EIGHTEEN & N01100 ($518.00)----------DOLLARS,
1
to him inhandpaidby City of Denton, a Municipal _orporaticn
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if
have Granted, Sotd and Conveyed, and by these presents do Grant, Sell and Convey unto the said City of Denton
1
a Municipal Corporation
of the County of Denton , State of Texas all that ccrtaio
lot, tract or parcel of land lying, and being situated in the City and
County of Denton, State of Texas, and being part of the E. Puchalski
survey, abst. no. 996, and being part of a tract of land conveyed from
Garland Warren co Charles R. Smith by deed dated August 18, 1975 and re-
corded in Volume 755, Page 996 of the Deed Records of Denton County, Texa
and more particularly described as follows:
BEGINNING at the northeast corner of said tract, said point of beginning
lying in the west right-of-way line of Avenue "E" and being 145.0 feet
south of the intersection of the south right-of-way line of Stella. Street;
and the west right-of-way line of Avenue "E";
THENCE south, along the east boundary line of said tract, sz-ne being the
west right-of-way line of Avenue "E", a distance of 69.0 feet to a point
for a corner, same being the southeast corner of said tract;
THENCE wdat, along the south boundary line of said tract, a distance of
6.0 feet to a point for a corner;
THENCE north, 6.0 feet west of and parallel with the east boundary line
of said tract, a distance of 69.0 feet to a point for a corner in the
north boundary line of said tract;
THENCE east, along the east boundary line of said tract, a d-stance of
6.0 feet to the place of beginning and containing 414.0 square feet of
land, more or less.
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TO HAVE AND TO HALD the above described premises, together with all and singular, the rights and
appurtenances thereto in anywise belonging unto the said City of Denton, a Municipal Corp.,
its woccessors V
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)iwndassigns form n;and I do b^rebybind myself , my heirs
f~
a wim executors and admkkiators, to Warrant and Forever Defend all and singular the said premises unto the
std City of Denton, a Municipal Corporation, its successors
.
AWn and assign-,, against every person whomsoever lawfully claiming, or to claim the same, or any part
thereof.
Witness his hand at Denton County, Texas this ist day of
March , A.D. 19 78
Witnesses at Request of Grantor: /
I.!~ . ..5..... j' L S R
~t. S~fiTH
in 11 1
- a
ACKNOWLEDGMENT
rME STATE OF TEXAS
s ,
BEFORE LIE, the undersigned authority,
Denton
COUNTY OF
In and for said Courty, Tens, on this day personally appeareo... _..ChaxleS...R.....Smith....................
. _
in wn to me to be the pcrsoo._.__...wbcte name..._.................... ub"bed to the foregoing instrument, and acknowledged to me that
b ILI-v
~....,~eiEcLted tha same for the purposes and consideration therein expressed.
oL 7rZ.: A.D, x9.7.8....
y yIVEN LjIRpER TAY HAND AND SEAL OF OFFICE, This-11-T.-.-day
i . (U: S.> e _ .//1....• .r/✓•.%r!•..:.1~/fi ..i Tr i2....... .
t _
Notary Public,. . [1....._._........._.........._...County, Tens
r P.eJL .
J~
C
qg /j! r, bfy CommL~sion Expires
ACKNOWLEDGMEIV';
II ~ THE STATE OF TEXAS, ~
BEFORE ME, the understgned authority,
COUNTY OF........ }
in and for said County, Trxas, on this day personally appeared .
known to me to be the persc; .._.._...whose name subscribed to the foregoing instrument, and acknowledged to me that
.he-executed the same for the purposes and consideration tbcWn expressed.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, This _._._.day o!_..._..._._..._._.._.__..._.._......_...... A.D. t9_._...._
(L SJ
Notary Tens
My Commission Expire Jae 19_....._..
CO"IORATION ACKNOWLEDGMENT
THE STATE OF TEXAS,
} BEFORE ME, the undersigned authority,
COUNTY OF»....... . !
In and fir said C•unty, Texas, on this day personally appeared.-............
known to me to be the person and officer '
whose name is su&clbed to the foregoing instrument and acknowledged to me that the same was the act of the said I
a corporation, and that he executed the same as the act of such corporation for the purposes aid consideration therein expressed, and in
the capacity therein stated.
GIVEN UNDER MY TIAND AND SEAL OF OFFICE, Thu. _.da of A.D. 19............ j
~ I
(LS.)
Notary Public ..........County, T•*,•
My Commisson Explres June _ 19_._.._..
THE STATE OF TEXAS,
COUNTY OF....... _
County Clerk of the County Court of said County, do hereby certify that the foregoing Instrument of writing dated on the..._.__._.._
I
-_-.day of..._.._..__............. A.D. 19. with its Certiftc0i of Auth.ndadon, was bled for record In my offs
on kiss.........»»__.day of............... A.D. 19........ at....... o'clock._.._...._ bf., and was duly recorded
day of- ...._.»......_W...................................... A.D. 19..._...... , at.................. o'clock .In the Records of said County, In Vol-
ume on pages.._..._...
WITNESS my hand and : eat of the County Court of said County, at my office m...... .
the day and year last abovs written.
Clerk County Ccuri County, Texas
(L. S.) By Deputy.
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THE STATE OF TEXAS, Know All Men By These Presents:
County D
' J)EED RECORDS
III
That G.E. Adami 8697
of the County of Denton , State of Texas for and in consideration of
the sum of
NINE HUNDRED SEVENTY-FIVE G N01100 ($975.00) bOLLARS,
to him inbandpaidby City of Denton, a Municipal Corporation
1
d
have Granted, Sold and Conveyed and by these presents do Grant, Selland Convey unto the said City of Denton
a Municipal Corporation
of the County ,d Denton , State of Texas all that certain
lot, tract or parcel of land lying and being situated in the City and
County of Denton, State of Texas, and being part of the E. Puchalski
survey, abst. no. 996, and being part of a tract of land conveyed from
Clifford W. Bacthrop, et ux to G.E. Adami by deed dated February 2, 1962
and recorded in Volume 477, Page 411 of the Deed Records of Denton County
Texas, and more particularly described as follows:
BEGINNING at the most easterly northeast corner of said tract, said point'
of beginning lying in the west right-of-way line of Avenue "E" and being
269.0 feet south of the intersection of the south right-of-way line of
Stella Street and the west right-of-way line of Avenue "E";
THENCE south, along the east boundary line of said tract, same being the
west right-of-way line of Avenue "E", a distance of 124.5 feet to a point
for a corner, same being the southeast corner of said tract;
THENCE west, along the soi!th boundary lino of said tract, a distance of
6.0 feet to a point for a corner;
THENCE north, 6.0 feet west of and parallel with the east boundary line
of said tract, a distance of 129.5
777s~
V01. ~3~ i'A6E 6~5~
.
.
I
0L UJ~ t'A l U~
TO HAVE AND TO HOLD the above descried premises, together with all and singular, de rights and
appurtenances thereto in anywise belonging unto the said City of Denton, A Municipal Corp.
heirs and assigns forever; and I do hereby bind myself, my
heirs, executors and administrators, to Warrant and Forever Defend all and singular the said premises unto the
said City of Denton, a Municipal Corporation
hel s and assigns, against every person whomsoever lawfully claiming, or to claim the same, or any part
thereof.
Witness his bard at Denton County, Texas AW this /,d7 day of
.4r !Zr , A.D. 19 78
Witnesses at Request of Grantor:
cl..........1...Y...'_..................
G. ADAM
tiaaa.saa r~~~
ACKNOWLEDGMENT
THE STATE OF TEXAS,
BEFORE ME, &e undersigned authority,
COUNTY OF ..........Dgnton.........................
In and for said County, Texas, on the day personally appeared..... G,., E,,. Adam 1
~i
known to me to be the person-_--whose name .....,ls subscribed to the foregoing instrument, and acknowledged to me that
`rts.Ley ...executed the same for the purposes and consideration therein expressed y~
T ..dm oL_ rT.T.. D. i9...73...
L'lc~I~ UNDER MY HANA AND SEAL OF OFFICE, T115 ...l.St:
12.
Notary PubBc.._......»D2R>rOt] ............................County, Tau
~ My Commission Explny June 19......... E
ACKNOWLEDGMENT j
THE STATE OF TEXAS,
BEFORE ME, the undersigned authority,
COUNTY OF_.................................................
_
In and for said County, Texas, on this day personally appeared
,
known to me to be the person___...wh)se name subscribed to the foregoing Instrument, and acknowledged to me that
-he___._.executed the same for the purposes and consideration therein expressed.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, This --day of..._.._.__»__......._..._......_...... A.D.
(L. S.)
Notary _County, Tens
My Commission Expires 19____
CORPORATION ACKNOWLEDGMENT
THE STATE OF TEXAS,
_ BEFORE ME, 'he undersigned authority,
COUNTY OF..... _
In and for acid County, Tema, on this day personally spreared.._..........
. known to me to be the person and officer
whose name Is subscribed to the foregoing Instrument and acknowledged to me that the same was the ad of the said
-
a corporation, and that be executed the same as the act of such corporation for the purposes and consideration therein expr-sed, and In
the capacity therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, This .......................day of.................... A.D. 19............
(LS.) -
M
Notary Tens
My CommMon Expires June 19..._..__
THE STATE OF TEXAS,
COUNTY
County Clerk of the County Court of said County, do hereby certify that the foregoing instrument of writing dated on the_...
.-day ol..~ w.». , A.D. with Its Certificate of Authentication, was filed for record In MY Office
on the~_.____day ol_...._.__ .».._.w_.._.»._.._.., A.D. 19......._., at....... _.»..»o'dock and was duly recorded this............
day . , A.D. 19..._........ at__........ o'clock.......... _....M., In the Records of said County, In Vol.
ume._ on pages
WITNESS my hand and seal of the County Court of aid County, at my office In....
............._....»..»......_................._.....„,..»...,......_.........._..........._._.__....the day and yea list above written.
Clerk County Court __..rounty, Texas
(L. S.) By_._.._.......... Deputy.
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TIDE STATE OF TEXAS, KNOW ALL MEN BY THESE, PRESENTS:
j COUNTY OF',
sEED RECORDS 7235
THAT Junction 288 Partnern
of Denton County, Texas , In considerationbf the sum of
one Dollar ($1.00) and other good and valuable consideration
in hand paid by the City of Denton,Texa:+ receipt of which is hereby acknowledged, do by
these presents grant, bargain, sell and convey unto to the City of Denton, Texas , the free
and uninterrupted use, liberty and privilege of the passage in, along, upon and across the following
I
described property,
owned by them , Situated in Denton County, Texas, in the
Wm. Lloyd Survey, Abstract No. 774
All that certain lot, tract or parcel of land lying and being situated in
the City and County of Denton, State of Texas, and being part of the Wm.
Lloyd survey, Abst. No. 774, and heing part of a tract of land as conveyed
from Leslie T. Holland and wife Mary Helen Holland, Hal. V. Norgaard and
wife Helen Norgaard, Elizabeth Hudspeth, Arlos L. Gilbreth and wife Thelma
Gilbreth, Conrad L. Kinard and wife Betty Z. Kinard to Junction 288 partner
by deed dated May 30, 1972 and recorded in Volume 647, Page 152 of the Deed
Records of Denton County, Texas, and more particularly describes as follows
BEGINNING at the northwest corner of said tract, said point also being the
intersection of the south right-of-way line of State Highway Loop 288 ,
THENCE south 44°23' west along the west boundary line of said tract, same
being the east right-of-way line if State Highway Loop 288, a distance of
28.90 feet to place of beginning; THENCE south 44°23' west along the west
boundary line of said tract, same being the east right-of-way line of State
Highway Loop 288, a distance of 48.5 feet to a point for a corner; THENCE
south 1°.!7'30" -c&- along the west boundary line of said tract, same being
the east right-of-way line of State Highway Loop 255, a distance of 1,065
feet to a point for a corner; THENCE south 88°32180 " east a distance of
16.0 feet to a point for a corner; THENCE north 1 27'30" east 16.0 feet eas
of and parallel to the west boundary line of said tract, same being the eas
right-of-way line of State Highway Logp 288, a distance of 1058.71 feet to
a point for a corner; THENCE north 44 23' east. 16.0 feet east of and paral-
lel to the west boundary line of said tract, same being the east right-of-
way line of State Highway LDop 288, a distance of 66.28 feet to a point for
a corner; THENCE south 77°59'40" west a distance of 28.90 feet to place of
beginning and containing 17,907.92 square feet of land more or less.
And it Is further agreed that the said City of Denton, Texas
in consideration of the benefits above set out, %dH remove from the property above described, such fences,
buildings and other obstructions as may now be found upon said property.
For the purpose of constructing, installing, repairing and perpetually main-
taining public utilities
in, along, upon and
across paid premises, with the right and privilege at all times of the grantee herein, hls or its agents,
employees, workmen and representatives having Ingress, egress, and regress in, along upon and across
said premises for the purpose of making additions to, improvements on and repairs to the said
public utilities, or
any part thereof.
TO HAVE AND TO HOLD unto the said City of Denton, Texas as aforesaid for
the purposes aforesaid the premises above described.
Witness our. hand , this the day of , A. D. 19 I
ATTEST; Junction 288 Partners _
BY.
+Ca /'Jf"Vn t35A tv 359
1
601 [iA~E 360
COUNTY O OF F SINGLE ACKNOWLEDGMENT
THE STATE OF TE.l'AS BEFORE ME, the undersigned authority,
1 +~fK.LF}J.-}
in and fo, aaid County, Texas, on this day personally appeared Junction, 288 Partners
..t
_.y
- - -
known 20 ore'to'be flle~ersanS.- whose name. S_ arqubscribed to the foregoing instrument, and acknowledged to me
that, trey. e~ coated the sonic for the purposes and consideration therein expressed. yy~~
+a
[Vh t UNDER ij HAND AND SEAL OF OFFICE, This .....'.....y of_I_'.`_'.~!= A.D. 19._2.$
-
(L.S)_....._. Q Q
- -
Not r Public, _County, Texas
My Commission Expires June 1, 197111.
SINGLE ACKNOWLEBGMENT
l
THE STATE OF TEXAS,---- _ _ (
COUNTY OF_.._ BEFORE ME, the undersigned authority,
in and for said County, Texas, on this day personally appeared
- - - -
known to me to be the person _ _whose name subscribed to the foregoing Instrument, and acknowledged to me
that he executed the same for the purposes and consideration therein expressed.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, This day of A.D. 19 .
( L.S. )
Notary Public, County, Texas
My Commission Expires June 1, 19
CORPORATION ACKNOWLEDGMENT
THE STATE OF TEXAS, BEFORE ME, the undersigned authority,
COUNTY OF
in and for said County, Texas, on this day personally appeared
' .
known to me to be the person and ofFierr
whose name is subscribed to the forrgoinQ insGvment and acknowledged to me that the same was the act of the said
a corporation, and that be executeI the same as the act of such corporation for the purposes and consideration therein
expressed, and in the capacity therein etet•d.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, This-.__.. . day of , A.D. 19
(L.S.)
Notary Public, County, Texas
My Commission Expires June 1, 19.....
_
CLERK'S CERTIFICATE
THE STATE OF TEXAS, ! County
COUNTY OF. l,.
Clerk t the County Court of said County, do hereby certify that the foregoing instrument cf writing dated on the
•
. _ . ~ qPdayA. D, 19_ with its Certificate of Authentication, was filed for
record in my A. D. 19 at o'clock M., and duly
recorded oA. D. 19 at_ o'clock M., in the
FFFFFF Records of said County, in Volume _ on pages
4- ` es
WIT ~ANJ,[L F THE COUNI'i COURT of said County, at office In
$3x
~I^.. the day and year last above written,
to = 1N-
r C J
j U7 9 4 County Clerk
- ~ County, Texas.
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THE STATE OF TEXA~,ED RECORDS vol 882 rac~ 68,.,
KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF DENTON 7679
THAT WILLIAM '\NDREW BOWERS AND WIFE, VIANNE BARKLEY BOWERS
of Denton County, Texas , in consideration of the sum of
--------One Dollar ($1.00) and other good and valuable consideration
in hand paid by the City of Denton, Texas receipt of which is hereby acknowledged, do by
these presents grant, bargain, sell and convey unto to the City of Denton, Texas, the free
and uninterrupted use, liberty and privilege of the passage in, along, upon and across the following
described property,
owned by them Situated in Denton County, Texas, in the
J. McGowan Survey, Aostract N0.797
All that certain lot, tract or parcel of land lying and being situated
in the City and County of Denton, Stata of Texas, and being part of the
J. McGowan Survey, Abstract No. 797 and being part of Lot No. 22, Block
23 of the Southridge Addition, an addition to the City and County of
Denton, and also being part of a tract of land as conveyed from Alvin
Whaley and wife, Charlotte Whaley to William Andrew Bowers and wife,
Vianne Barkley Bowers by Deed dated July 6, 1976 and recorded in Volume
793, Page 866 of the Deed Records of Denton County, Texas and more par-
ticularly described as follows:
i
BEGINNING at the southwest corner of said tract;
THENCE north 100 53' 51" west along the west boundary line of said tract
a distance of 75 feet to a point for a corner;
THENCE north 790 06' 09" east a distance of ~ feet to a point for a corn ;
THENCE south 100 53' 51" east 5 feet east of and parallel to the west
boundary line of said tract a distance of 79.06 feet to a point for a
corner in the south boundary line of said tract;
THENCE south 680 28' west along the south boundary line of said tract a
distance of 5.09 feet to the place of beginning and containing 372.62
square feet of land, more or less.
And it is further agreed that the Bald City of Denton, Texas
in consideration of the benefits above set out, will remove from the property above described, such fences,
buildings and other obstructions as may now be found upon said property.
•
For the purpose of constructing, Installing, repairing and perpetually
maintaining underground utilities in, along, upon and
across said premises, with the right and privilege at all times of the grantee herein, his or its agents,
employees, workmer. and representatives having ingress, egress, and regress in, along upon and across
said premises for the purpose of making additions to, Improvements on and repairs to the Bald
underground utilities, or
any part thereof.
TO HAVE AND TO HOLD unto the said City of Denton, Texas as aforesaid for
the parr sea aforesaid the premises above described.
Witness our sand , this the _L, day of A. 78 .
- - ILIAM AND BO S
BOWE
~r
SINGLr, ACKNOWLEDGMENT
THE STATE OF TEXAS, ~
COUNTY OF DENTON, BEFORE ME, the undersigned authority,
in and for s;/.d County, Texas, on this day perso.ally appeared William A. Bowers and wife, Vianne
Barkley Bowers `
- -
_ - - _...~.-----..._T.. _
known to me to be the person S_ _whose name _-_are_ subscribed to he foregoing instrument, and' d-knowledged to me
that tb.e executed file same for the purposes and consideration therein expressca.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, This - l.t . day of A.n. 3978-
) CC !t~
Notary Public De[?L4f1. _,_.'.~CJ._.Cgnnt~, Texas
My Commission Expires Junu 1, 19..._....-'--' -
SINGLE ACKNOIVLEDGDIENT
THE STATE OF TEXAS, ! BEFORE 113, Nue undersigned authority,
COUNTY OF._..-_.
in and for said County, Texas, on this day r rsonally appeard_._ _ _ _
- -
- _ . . I
known to n;a t^ be the person ..-whose name subscribed to ti a foregoing instrument, and acknowledged to me
that he executed the same for the purposes and consideration therein expressed.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, This . .__.-..___day ofA. D. 19
f L.S.I . .
Notary Public, County, Texas
My e4mmission Explres June 1, 19
CORPORATION ACKNOWLEDG31ENT
THE STATE OF TEXAS, 1 BEFORE ME, the undo signed authority,
COUNTY OF 1
in and for said County, Texas, on this day personally appeared
known to me to be the person and officer
whose name is subscribed to the furegoing instrument and ack_owledged to mo U,at tl,c same was the act of the said
and - ..c .
a corporation,- and that he executed the same as the act of such corporation for the pnrpeses and consideration therein
expressed, and in the capacity therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, This day of A.D. 19
(G.S.)
Notary Public, County, Texas
My Commission Expire June 1, 19--..._
CLERK'S CERTIFICATE
THE STATE AS, 1,...... . , County
C F.-_ g _
_ #s d
Colty Gopr~o sai County, do hereby certify that the foregoing Instrument of writing anted on the
1~{yR°_ . day 9.1.1g.,22..1._ , A. D. 19___ , with its Certificate of Authentication, was filed for
ny 1940 day of A. D. 19, at o'clock M., and duly
red this W F . gq- .5 f A. D. 19., , nt _ o'clock M., in the
1 "
I
Dtb N 1 EAL OF Th Records of said County, in Volume on pages
i S _
yz , 7 ~ F COUNTY COURT of said County, at ohice in . _
o e.ca,' . the day and year last above written.
f$ P County Clerk r.ounty, Texas.
+ (L. 3.) ty Z by,...... Deputy.
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DEDICATION
PEED REC09M
THE STATE OF TEXAS X
KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF DENTON X
1.0~2i
That UNIVERSAL DEVELOPMENT CORPORATION, a Texas Corporation,
acting herein by and through its duly avthorized officer, of Denton
Ccunty, Texas, does hereby dedicate unto the City of Denton, Texas,
for the purpose of an extension of Windsor Drive, the _ollowing
described tract of land:
All that certain tract cr parcel of lend situated in the B.B.B. &
C.R.R. Survey, Abstract 156. Denton County, Texas, being all of a
certain tract deeded by J. T. Ables, et ux. to Mrs. H. D. Roberts
on the 1st day of ,larch, 1951, recordo-1 in Volume 367, Page 607,
Deed Records of said County, and being more fully described as
J follows:
COTIENCING at the southwest corner of said Ables tract)
THENCE north 010 20' 29" west a distance of 520.05 feet to the
point of beginning;
THENCE north 870 51' 54" east a distance of 84.43 feet;
THENCE around a 5.77829099 degree curve to the left s distance of
207.645 feet;
THENCE n th 750 52' 00" east a distance of 331.19 feet;
THE'.4CE ar., _ a 3.53250318 degrea curve to the right a distance of
194.951 feet;
THENCE north 820 45' 12" east a distance of 93.453 feet;
THENCE north 00° 151 20" east along the west right of way of Stuart
Road a distance of 80.691 feet;
THENCE south 820 45' 12" west A i..Lstance of. 103.9ho feet;
THENCE around a 3.36645985 degree curve to the lef: a distance of
204.567 feet;
THENCE south 750 52' 00" west a distance of 531.19 feet;
THENCE around a 6.28539772 degree curve to the right a distance of
190.892 feet;
THENCE south 870 51' 54" west a distance of 83,322 feet v.o an iron
pin;
THENCE south 010 20' 29" east a distance of 80.01 feet to the point
of beginning and containing 2.040 acres of land, more or less.
va, 886 WE 115
DEDICATION - PAGE ONE
« Not 886 PA;E 116
EXECUTED this the 16th day of March, A. D. 1978.
UN17rRSPL EITELOPMEN RPORATION
BY-
ACCEPTED: T H . JA 0 , R'~ShTi
~wwr
ELINOR HUGHES, W OR
CITY OF DENTON, TEXAS
THE STATE OF TEXAS X
COUNTY OF DENTON X
BEFORE ME, the undersigned authority, in and for said County,
Texas, on this day personally appeared GRANT H. JACOBSON, PRESIDENT
known to me to be the person and officer whose name is subscribed
to the foregoing instrument and acknowledged to me that the same
was the act of the said UNIVERSAL DEVELOPMENT CORPORATION, a cor-
poration, and that he executed the same as the act of such corpo-
ration for the purposes and consideration therein expressed, and
in the capacity therein stated.
GIVEN itkIDJ~Nt!(Y, HAND AND SEAL OF OFFICE, this the Ag aday of
March, A.,%Dr,'1978
Q).64 f~rGj~•.,3/ NCqARY PUBLIC-IN F
i DE TON COUNTY, TEXAS
My Commission zxpiris the ,2Z:L*0' day of n ate/,v ,
19'19 .
DEDICATION- PAGE TWO
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1977
CITY OF DENTON SUPPLEMENT TAX ROLL
For the Month of March, 1978
Real Estate $ 109908,13
Business Personal Property 26,017.:3
Personal Property Automobiles 1.273.09
$ 38,199.15
Hugh Nixon
Tax Assessor-Collector
City of Denton, Texas
CITY OF D1.WPON SUPPLEMENT TAX ROLL
For 1977 Tax Roll
For the Month of March, 1978
Real Estate
NAME _ ACCOUNT NUhBER TAX
Vi Marie Taylor 0230-00200 $ 36.70
Earl L. Coleman 0260-00400 1,265.55
Alfred B. Evans, Sr. 1180-00500 74,40
Fred Young 1380-02500 11.16
Ellis L. Uland 1390-02000 39,80
Ft. Worth S & L Assn. 2440-00500 961.87
Wm. Clark 3710-03600 96.35
Seventh Day Adventist Church 3760-00200 72.54
Joe Arispe 3780-00102 40.05
Joe Arispe 3780-00101 41.78
Presbyterian Synod of Texas 3930-01700 1,344.16
Walter Bauswell 4250-00800 54.06
Kathleen A. Flood 44,'0-02000 49.97
Wm. H. Jones 4620-00300 74.40
Bradford Lee Bennett 4640-00200 124.74
Addle Scripture 4640-00400 139.87
Bradford Lee Bennett 4640-01700 16.87
Bradford Lee Bennett 4640-01800 16.38
Bradford Lee Bennett 4640-01900 51.08
V. R. Clearman 4730-01402 3.22
NTSU 5260-01800 3.10
James N. Brown 5420-00305 174.34
Death Headlee 5960-00100 53.54
Garland Blair 5980-01000 157.10
Deany L. Smith 6900-00800 17.11
F,imer R. Hokkannen, et el 6954-00100 2,313.22
Jess Newton Rayzor 7500-00700 19490.11
Wilford E. Pierce 8320-01401 55.80
Richard W, Patterson, Jr. 8497-01500 6.20
Bill E. Utter 8520-01200 20122.26
TOTAL $ 10,598.13
CITY OF DENTON SUPPLEMENT TAX ROLL
For the 1977 Tax Roll
' For the Month of March, 1978
Business Personal Property
NAME ACCOUNT NUMBER TAX
Atchison, Topeka & Santa Fe 9000-03700 $ 212,91
General Telephone Co, of SW 9060-01000 25,247.77
Sam Laney, Inc. 9110-00600 138.88
Denton Ins, Center, Inc. 9120-02700 24.80
Denton Apts. Co. 9150-00110 47.61
Tropical Fish Paradise 9200-03808 55.80
Union 76 Truck Stop 9210-00210 290.16
TOTAL $ 26,017.73
CITY OF DENTON SUPPLEMENT TAX PALL
For 1977 Tax Roll
For the Month of F;arch,1978
Personal Property Automobiles
NAME ACCOUNT DESC.".:PTION TAX
NUb23E
Ray P. Abbott 9999-00056 1973 Chev 4Dr. 10.78
Thomas Baird 9999-02426 1974 Capri 13.02
Jane Barton 9999-03301 1975 Honda SW 4.46
Mrs.Cecil Baubus 9999-03484 1975 Ford Granada 19.15
J.H. Blalock 9999-05041 1975 Chev 17.26
Drue Calhour. 9999-10336 1973 Chev.PU 5.70
James H. Cobb 9999-10591 1973 V.W. Sd 2.97
Patricia Sue Colemai 9999-10991 1974 Pont. Firebird u 20.38
Susan Cunningham 9999-12796 1975 Datsun 12.40
Melvin Dane 9999-13117 1973 Olds S.W. 20.23
Ron Easterling 9999-15906 1975 Olds. 25.11
W,H. Enders 9999-16446 1977 Chev. P.U. 22.13
Whee.a,Inc. 9999-16836 1977 Chev. Malibu 24.92
First State Bank Q999-17526 1972 Lincoln Cont. 12.46
First State Ban) )399-17528 1972 Ford LTD 4.81
Billy T. Ford 9999-17861 1973 Ford LTD 13.26
Whaels,Inc. )999-22306 1977 Chev. Imphla 25.30
Carl Herr 9999-24562 1977 Pinto 12.64
Wheels,Ine. 9999-25916 1976 Ford LTD 26.23
Mrs. Jerry Huddleston 9999-26341 1974 Buick 17.11
J. Minhael Hunter 9999-26781 1977 Olds 2 Dr. 29.38
Marge Kirby 9999-30366 1973 Buick 11.71
Mary Leaveil 9999-31877 1974 Ply. Fury 10.78
Dennis Loccisano 9999-32761 1974 Ford 2Dr. 15.62
Rober-c, Nichols 9999-34506 1974 Toyota PU. 11.45
Billy W. Mays 9999-35116 1974 olds. 14.88
John E. Millichamp 9999-37061 1972 Olds. 4.46
Metropolian Life Ins. 9999-36856 1977 Chev. Malibu 23.4j
Homer Nobors 9999-39287 1975 Olds. 12.40
Elorner Nance 9999-39326 1977 Pontiac 24.92
Arthur L. Nix 9999-40091 1972 Chev 7.44
Betty Pair 9999-41326 1975 Ford 21.43
Wheele,Ine. 9999-42511 1975 Ford. Granada 18.41
Estelle Pemberton 9999-42211 1977 Olds. 37.64
W.V. Rainey 9999-44231 1973 Ford Van 7.68
Hyden B. Portwood 9999-43441 1976 Ford 20.60
Dale Rector 9999-447ci 1977 Ford 45.38
Karen Reedy 9999-44852 1,072 Olds. 9.85
R.E. Richard 9999-45356 1«j6 Olds. 23.56
James L. Rogers 9999 46662 1877 Buick 17.67
Wheels,Inc. 9999-461,66 1976 Chev. 22.69
Rebecca F. Rowe 9999-46)86 16.36
NAME _ ACOOUNT D SCAIPTION TAIL
hUIIIi:R
Homer Nabors 9999-3-9266 1976 Plymouth
12.40
Janis Kay Normile 9999-43016 1974 Chev. 11.28
Wheels,Inc. 9999-47396 1975 Traiimobile Trl 70.68
Wheels,Ine. 9959-47397 1971 Fruehauf Trl 27.;0
Wheels, Inc. 9199-47398 1975 Trailmobile Trl 70.68
Wneels,Inr. 9999-47399 1975 Peterbilt Truck 74.40
Wheels,Ine. 9999-47401 1976 Peterbilt Truck 74.40
Mrs. Charles P. Saunders 9999-47941 1976 AMC 2Dr. 14.88
Vx. Shoemake 9999-49469 1973 Dodge PU. 12.27
Tom Sutton 9999-53051 1973 Toyota 7.62
A. Elizabeth Taylor 9999-53491 1977 Ford LTD 24.55
Kathleen M. Thomas 9999-54146 1974 Olds. Cutlass 16.51
Miss Harvey Thompson 9999-54267 1977 Che,/. Impala 23.99
Wheels,Inc. 9999-54591 1977 Merc. 27.90
Virginia Vaughn 9999-55836 1974 Olds. 21.76
Robert Vincent 9999-56056 1976 V.W. 22.32
Billy Welch 9999-57452 1977 Buick 26.22
Aline Wolters 9999-59511 1972 Dodge Explorer 12.27
Total 1,273.
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CITY OF DENTON TAX AWUSTMENTS
FOR THE MONTH OF MARCH, 1978
Real Estate $ 3-1,730.77
Business Personal Property x'.878.01
$ 40,508.78
Hugh Mixon
Tax Assessor-Collector
City of Denton, Texas
7-
I ,
C I T Y O F D F N T 0 N T A X A D J U S T M E N T S
FOR THE MONTH OF MARCHo 1978
REAL ESTATE
NAME ACCOUNT TAX TAX REASON
NUMBER YEAR
Avis Moss 0090-00300 1977 $ 74.40 Late Homestead Exemption
Leota M. Tracter 0180-01400 1977 74.40 " to
"
%Anna Marie Parker 0630-00200 1977 74.40 " it
Thomas Matthews 0630-01700 1977 74.40 " If
Alfred Evans 1180-00300 1977 74.40 " " "
Fred Young 1380-02600 1977 65.22 " It of
I Otreabees Norman 1430-02800 1977 50.45 " It
Frank M. Estes 1510-00800 1977 64.35 " " "
Elms A. Owens 2130-00800 1976 53.40
Otis Davis 21.31-00004 1$77 74.40
May V. Ancell 2680-00700 1977 74.40
Laura Stempson 3410-01000 1977 3.59
Anderson & Cassie Lucas 3500-00700 1977 24.80
James M. Young 3560-03900 1977 74.40 " of
Sherman Byrd 3660-11600 1977 27.52 " "
Cynthia Kirby 3765-00005 1977 74.40
J. W. Roach 3765-00008 1977 239.69 &
Agriculture Value
G. W. Jones 37aj-00009 1977 40.42
W. V. Giles 3765-00014 1977 57.16
Geo. W. & Lois Taylor 4080-00200 1977 41.41
Cecil E. Lane 4080-01000 1977 56.54
J. S. Owens 4210-00500 1977 71.30
Alfred D. Stewart 4280-01000 1977 74.40 " of it
Mrs. John B. Shrader 4280-01300 1977 74.40 " to "
Pearl Hansel 4600-01100 1977 74.40 " of It
Wm. H. Jones 4620-03400 1977 74.40 It " 11
.
V. R. Clearman 4730-01200 1977 11.53 if it it
Ruth Thompson 5350-01400 1977 74.40 " " If
E. Luecke & E. Rayne 5460-01900 1977 74.40 " if "
A. B. Mackey 5120-01300 1977 74.40 " to
"
"
F. H. Kent 5780.01201 1977 62.62 " It
E. Deets Headlee 6010-00100 1977 74.40 " to
"
0. E. Allmon 6680-02600 1977 74.40
R. E. Jennings 7380-00800 1977 40.92
S. M. Rose 7460-01300 1975 29.92
S. M. Rose 7460-01300 1976 31.32 "
J. D. Hall 7720-02300 1977 74.40
C. R. Robertson 7910-03400 1977 62.62 If it
Lary L. Smith 7820-01300 1977 74.40
Lewis Harwell 7962-00028 1977 812.69 it &
Clerical Error
Kathleen Flocd 8220-00700 1977 74.40 to to to
Alta Creech 8494-01200 1977 74.40 to to
J. H. Briscoe 8520-00400 1977 74.40 Of if TOTAL OF THIS PA.',E $3,,558.68
NAMF. ACCOUNT TAX TAX REASON
NUDUIER YEAR
Ann Stark Watson 0461-00008 1977 $ 135.90 Late Agriculture Exemption
T. B. Bullard 2130-01200 1977 312.10 of " of
R. C. Bullard 2130-02300 1977 40.05 " If
Clifford Mulkey 3740-01000 1977 45.13 of
" 11 3750-00400 1977 123.26 of
3740-00405 1977 280.48 of of
3740-01100 1977 138.88 of of
R. V. Kiger 3766-00015 1977 134.41 " of
"
V. D. Burch 4751-00900 1977 341.24 " of " &
Adjustment on no. of acres
Wm. T. Smith 4752-00100 1977 75.76 to "
Richard A. Harris 5950-00100 1977 762.10 it " "
Roy D. Martin 5990-00300 1977 216.13
10 " it 5990-00500 1977 108.25
M. T. Cole 7517-00400 1977 312.60
B. A. Weaver 7524-00100 1977 291.64
J. D. Davis 7524-00200 1977 201.25
M. T. Cole 7961-00100 1977 111.10 to of
"
Jeannette E. McDonald 7962-00010 1977 61.25 It It " &
Adjustment on no. of acres
7962-00011 1977 11.90 " '1 it
Richard A. Harris 8510-00100 1977 426.18 to to it &
Improvements Outside
Marvin G. Ramey 0890-00200 1977 18.60 Late Veterans Exem*tion
A. J. Bushey 1990-00100 1977 18.60 " It
Buford Harrison 2120-01300 1977 18.60 It
"
Leroy M. Williamson 2340-01300 1977 24.80 to If
"
Ju&n1ta M. Lyle 2850-01300 1977 31.00 It of
"
'Geo. T. Smith 4240-01000 1977 18.60
Walter S. Miller 4270-00400 1977 18.60
Col. Lloyd R. Garrison 5690-00100 1977 37.20
Dude Pearson 6490-01400 1977 18.60
Edward To Smith, Jr. 7570-00200 1976 44.50 of
to It " of 7570-00200 1975 42.50
Orval Hall 7740-00100 1977 18.60
Vi Marie Taylor 0230-00300 19"P7 16.98 Duplication
Lone Star Gas Co. 1870-00800 1977 22.81
Mico Management Co., Inc.3202-01600 1977 31.74
J. B., Crowley 5160-00200 1977 31.12 "
None A. Church 5790-00610 1977 9.79 "
J. Newton Rayzor 7960-00600 1977 264.49 "
Leona Shepherd McDaniel 2360-00700 1977 85.31 Clerical Error
Oak Ridge Co. 3930-01200 1977 918.59 if it
Denton 5501 Joint Ventura 3930-01800 1977 111110 of "
Pearl St. Church of Christ 5780-00300 1976 46.10 Exempt
V.F.W. 6190-00400 1976 11066.75 of
Walter Tidwell 1890-01900 1977 110150.32 Keypunch Error
Mrs, Linwood J. Roberson7700-01600 1977 876.93
TOTAL OF THIS PAGE $19,071.84
noind
3
NAME ACCOUNT TAX TAX REASON
NUMBER YEAR
City of Denton 1290JO0300 1977 $ 69.36 Prorated, bought by City
" " " 2090-00910 1976 5.58 er
" " 4200-01100 1977 3.72 It
4220-00700 1976 22.55 to n it u
NTSU 4430-02100 1917 36,64 to " " School
to 4430-01400 1977 39.37 to " It "
4430-01300 1977 26.91 of It ii It
Effie Mae Martin 5210-00100 1976 21.30 to " it It
NTSU 5190-00900 1977 127.11 " to "
" 7210-00100 1977 45.64 of " " It
Denton Independent Sch 6460-00200 1977 31.41 to Howard Davis 0310-02500 1977 16.86 Adjusted
C. E. Curry 1000-01400 1977 255.10 It
Wilton B. Rainey 1280-00500 1977 12,08 of
Mrs. Louise Olmon 1550-00100 1977 31.00 to
C. E, Curry 1550-00300 1977 5.58 It
Bert Moore 1880-00900 1977 206.58 to
Bert Moore 1880-01100 1977 186.83 to
J. C. Wallace 2120-00600 1977 52.70 "
David Mulkey 2210-00600 1977 60.01 to
J. L. & C. A. Ginnings 2780-00500 1977 22.19 of
C. A. Ginnings 2780-00600 1977 134.12 to
Charles B. Redd 3170-01700 1977 12.89 to
W. B. Rummell 3220-00800 1977 422.72 it
Bert Moore 3400-OOP00 1977 5.33 to
Sallie Simpson 3750-01400 1977 33.85 It
R. A. Bentley 3760-01400 1977 249.49 to
M. H. Cobb 3761-00300 1977 429.90 to
L. Y. Foster 3765-00013 1977 20.21 it
D, R. Morris 3766-00011 1977 42.40 it
E. A. Padgett 3890-00700 1971 594.70 It
David C. Coleman 3939-04011 1977 77.42 it
Charles F. Kregel 4270-00200 1977 100:0.60 It
Doyle Thompson 4754-00300 1977 55.67 "
J. B. Crowley 5160-00100 1977 7.44 "
Gene R. Wilburn 5380-00100 1977 771.90 It
Mary Louise Wilson 5590-00700 1977 38.66 01
Halley H. Schmitz 5600-01100 1977 57.66 "
0. Carroll Coen 5770-00500 1977 10.41 "
Weldon D.&H. S. Church 5790-00600 1977 23.93
J. D. Perry 7120-00900 1977 19.84 '
J. D. Atkins 7600-00300 1977 16.86 "
J. H. Jones, et al 7700-00300 1976 413.02 "
Leroy M. Howe 8530-00100 1977 9.42 "
TOTAL OF THIS PAGE $50737.04
NAMF Af.C0t NT TAX TAX REASON 4
NUMBER YEAR
Elma A. Owens 2130-00800 1976 $ 53.40 Late Homestead Exemption
R. C. Storrie, Sr. 2240-00600 1976 53.40 " it It
Lucile Allen 2269-00100 1977 74.40 it of
"
Freddie Cooper 3400-01400 1974 18.02 " It
"
Freddie Cooper 3400-01400 1975 18.02 of of of
Simon Miller 3660-05200 1976 26.70 "
u n
It
Daisy Punch 4250-00100 1976 32.04
Mable K. Sullivan 4640-00100 1976 39.51 to It "
Alice Reeves 5850-00600 1975 38.76 it it if
Alice Reeves 5850-00600 1976 40.58 " of
S. F. McCombs 6650-00500 1977 74.40 " 1' of
Lauellen Hutcheson 6690-02000 1977 74.40 of to
Minnie Mae Tribble 7770-00200 1977 74.'9 of " "
Hattie R. Hayes 7790-02800 1971 74.14 of " It
Harper Sinclair 7840-00800 1976 53.40 It of "
Wilmer L. Dilbeck 0463-00003 1977 194.68 Errors By PAC Appraisers
James A. Pohl 2110-00800 1977 30.51 " " to "
Jay B. Martin 2130-02071 1977 213.77
Orric W. Freeman 3180-01300 1977 100.32
Leon Hurt 3710-03700 1977 96.35
Bradford Lee Bennett 4640-00100 7.977 233.61
Addie Scripture 4640-00300 1977 214.28
Elmer R. Hokkannen 6954-01000 1977 51999.86
Gail L. Dupre, et al 7199-01100 1977 136.28
Wm. M. Midgett, et al 7950-00500 1977 127.97
Lewis Harwell 7962-00031 1977 37.57
-Raymond Fletcher, Jr. 8470-00500 1977 162.93 rr ri rr
James W. Owens 8510-00120 1977 43.77
Arthur Logan 3150-01000 1977 23.68 Property does not exist
1• " 3150-01000 1976 .71 " " " "
" " 3150-01000 1975 .68 of It " "
It 3150-01000 1973 .68
TOTAL OF THIS PAGE 81363.21
GRAND TOTAL (Real Estate) $ 36,730.77
C I T Y OF D E N T O N T A X A D J U S T M E N T S
FOR THE MONTH OF March, 1978
Personal Property
Business
NAME ACCOUNT TAX TAX REASON
NUMBER YEAR
,B & M Texaco Station 9010-00311 1972 $ 17.00 Unable to locate
Bancpac 9101-00815 1977 11.16 Duplication
Bill Beauchamp Enco Sta. 9010-01902 1972 34.00 Unable to locate
M. D. Bishop 9010-02804 1977 14.88 Not in business 1-1-77
Bobs Restaurant 9010-03104 1972 34.00 Unable to locate
Briscos Body Shop 9010-05304 1972 6.80 Unable to locate
Holiday Lanes 9010-05800 1977 111.60 Adjustment on value
Carlton Phillips Sta. 9020-01300 1976 35.60 Adjustment on invyntory
Clampitt Texaco Sta. 9020-02515 1972 15.64 Unable to locate
Cobra Const. Co. 9020-03711 1977 14.88 No equip. In office
County Gardens 9020-05435 1977 18.60 Outside city limits
Curtis-Freeman Ins. Agy 9020-07300 1977 20.58 Duplication
Denton Auto Detail 9030-02004 1977 1.98 Unable to locate
Denton Auto Detail 9030-02004 1976 2.84 Unable to locate
Denton Mini Services 9030-04450 1977 78.12 Exempt
Denton Osteopathic Hosp. 9030-04800 1976 92.21 Adjustment on value
Designr. Unlimited 9030-05517 1977 24.80 Unable to locate
Designs Unlimited 9030-05517 1976 35.60 Unable to locate
Dunkin Donuts 9030-07100 1977 189.72 No equip. Jan. 1, 1977
EMC Plastics 9040-00100 1977 74.40 Duplication
Elite Electric Co. 9040-01100 1977 60.76 Adjustment on value
Federal Land Bank 9050-00450 1976 14.24 Exempt
Ist Denton Co. Nat'l Ban 9050-00801 1976 21.89 Duplication
Ford Coin Equip. Co. 9050-01602 1977 99.69 Duplication
Howard Floyd 9050-02661 1976 7.12 Not in business 1-1-76
Douglas Galles 9060-00340 1977 18.60 Vet Exemption
L, L, Glenn Real Estate 9060-01901 1972 1.70 Unable to locate
L. L. Glenn Real Estate 9060-01901 1971 1.70 Unable to locate
Griffins Engine & Equip, 9060-02803 1977 8.43 Not in business 1-1-77
Grimmer Antiques 9060-02890 1977 31.00 Adjustment on value
Hole n one Donut Co. 9070-02460 1977 5.82 Not in business 1-1-77
Ray Hunt Exxon Distributo9070-04250 1977 145.08 Included in Humble Oil
Norman L. Nelson,Jr. 9070.04500 1972 127.50 Unable to locate
Jima Porterhouse 9080-01600 1977 271.56 Unable to locate
Kandy Kane Nursery 9090-00101 1977 48.36 Duplication
Kozmic Enterprises 9090-01705 1972 4,76 Unable to locate
Institute of No. TX 9100-00105 1972 10,20 Unable to locate
institute cf No. TX 9100-00105 1971 13.60 Unable to locate
TOTAL OF VIS PACE $ 10726.42
. NAB ACCOUNT TAX TAX REASON 2
NUMBER YEAR
Internat'1 Bus, Mach 9100-00201 1977 $ 116,68 Adjustment on value
Mug-N-Pitcher 9120-01400 1977 12,89 Closed, property bought by
college
Mid-Contient Life Ins. 9120-02615 1976 9.25 Duplication
Bob Mitchell 9120-03690 1976 1.06 Did not own 1-1-76
Moore Bus, Forms, Inc, 9120-04400 1977 719.20 Adjustment on assessment
C. E. McCurley 9130-01211 1976 2.84 Adjustment on assessment
Nat'l Auto Sound 9140-00290 1977 99.20 Not in business 1-1-77
Noahs Ark Pet Shop 9140-01901 1977 43.90 Adjustment on value
Pants & Things 9160-00201 1976 3.56 Not in business 1.1-76
Pet N Plants 9160-01704 1976 19,58 Adjustment on value
Janet Pratt Realty Co, 9160-04400 1973 1,70 Deceased
Janet Pratt Realty Co. 9160-04400 1972 3.40 Deceased
The Rain Forest 9180-00250 1977 44.64 Unable to locate
Don Rainey Motors 9180-00290 1977 74,40 Not in business 1-1-77
Rock Art of Denton 9180-03405 1972 20,40 Unable to locate
Rock Art of Denton 9180-03405 1971 88.40 Unable to locate
Sapperfield Photography 9190-01025 1977 3.72 Unable to locate
Scribner Ins, 9190-01506 1977 14,88 Duplication
Shelton Arco Sta, 9190-02300 1977 2,60 Unable to locate
Texas Salvage Co. 9200-01750 1977 3.72 Erroneous assessment
Timoteos Restaurant 9200-02608 1976 106,80 Duplication
Tornado Fussball 9200-03118 1976 6.40 No Inventory
Gene Tutt Cafe 9200-04000 1970 7.50 To old
Gene Tutt Cafe 9200-04000 1969 7.50 To old
Gene Tutt Cafe 9200-04000 1968 7.50 To old
Gene Tutt Cafe 9200-04000 1967 7.50 To old
Gene Tutt Cafe 9200-04000 1966 7.50 To old
Gene Tutt Cafe 9200-04000 1965 7.50 To old
Gene Tutt Cafe 9200-04000 1964 7.50 To old
Gene & Helens Cafe 9200-04000 1963 7.50 To old
Gene & Helens Cafe 9200-04000 1962 7.50 To old
Gene & Helens Cafe 9200-04000 1961 7.50 To old
Gene & Helens Cafe 9200-04000 1960 7.50 To old
Dixie Cafe 9200-04000 1959 3.75 To old
Dixie Cafe 9200-04000 1958 3,75 To old
Dixie Cafe 9200-04000 1957 3.75 To old
Dixie Cafe 9200-04000 1956 3.75 To old
Allie I. Miller Ins. 9120-02950 1977 11.16 Duplication
Bill McRae Ins, 9130-01950 1977 11,16 Duplication
Henry Thompson Ins. 9200-02250 1977 11,16 Duplication
Watson-Neu Ins. 9230-00950 1977 11.16 Duplication
Weegees Interiors 9230-01410 1977 6.20 Erroneous assessment
Henry Clark 9230-01700 1972 138.21 Unable to locate
Winburns t:wn Shop 9230-03400 1972 13.60 Unable to locate
Wykes Phillip 66 Sta. 9230-04200 1974 17.00 Unable to locate
Wykes Phillip 66 Sta. 9230-04200 1973 17.00 Unable to locate
Wykes Phillip 66 Sta. 9230-04200 1971 17.00 Unable to locate
Wykes Phillip 66 Sta. 9230-04200 1970 15.00 Unable to locate
Wykes Phillip 66 Sta. 9::0-04200 1969 15,00 Unable to locate
Wykes Phillip 66 Ita. 9230-04200 1968 15,00 Unable to locate
Younger Radio Service 9250-00603 1977 12,14 Adjustment on value
Dreamland Apts. 9030-06810 1976 113.94 Prorated, government bought
Dreamland Apts. 9030-06812 1976 14.88 Prorated, government bought
Dreamland Apts. 9030-06810 1977 190.46 Exempt
Dreamland Apte. 9030-06812 1977 24.80 Exempt
TOTAL OF THIS PAGE $ 2,151.59
GRAND TOTAL $ 39878.01
~ ~,oo~
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229 West Hickory
Box 518
44 Denton TeKas 76201
817 387 6148
LIAM TITLE Company of Denton
March 27, 1970
Mr. Brooks Bolt, City Secretory
Cii;y .°'IecreL-ary
Iluni_cipal Building
Penton, Texas 76201
Re: Johnnie Lee Frai-~,lin City of Denton
Lot 4, Block 1, Amended College Addition
Dear Sir:
In connection with the above property purchase by the City of Denton,
we are enclosing Ovmnlr's Title Insurance Policy No. 1 510251 which
covers this property.
If we can be of further assistance to you in the future, please do
not hesitate to call us.
Thanking you we remain,
Vey. truly you so
~Wv
is Akers
OA/bp
encls
Rob Ruh Pn mlum
R' i 4 SCHEDULE A
Amount:' T21 50 , 00 Owner Policy No.: 0 Z 510251
CF or file, No.: 19692 Date of Policy: March 23, 1978
Name of tnsurod: City of Denton, a Municipal Corporation
1, The estate or interest in the land insured by this policy is:
(fee simplt, leasehold, easement, etc, identify or describe)
2. The land referred to in this policy is described as folio%%s:
All that certain lot, tract, or parcel of land lying, and being situated
in the City and County of Denton, State of Texas, and being part of the
E. Puchalski survey, Abst. Ntinber 996, and being part of lot no, 4,
block no,11, of the Amended College addition, and addition to the City/
County of Denton, and also being part of a tract of land as convoynd l
from Frank Mahan to Johnnie Lee Franklin by deed dated April 12, 1976
and recorded in Volume 782, Pago 159 of t1)e Deed Records of Denton County,
Texas, and more particularly described as follows:
BEGINNING at the Northwest corner of said tract, said point of beginning
lying in the South right-of-way line of Woet Oak Street and being 110,0
feet East of the Intersection of the South right-of-way line of West Oak
Street and the East right-of-way line of Fouts Strout;
THENCE Fast, along the North boundary line --f said tract, same being the
S uth right-of-way line of West Oak Street, a distance of 110.0 foot to
a point for a corner, same being the Northeast corner of said tract;
THENCE South, along the East boundary line of said tract, a distance of
150.0 feet to a point for a corner, same being the Southeast corner of
said tract;
THENCE West, along the South boundary line of said tract, a distance of
110.0 feet to a point for a corner, same being the Southwest corner of
said tract;
THENCE North, along the West boundary line of said tract, a distance of
150.0 feet to the place of beginning and containing 16,500.0 square foot
of land, more or less,
Denton USLIFE TITLE INSURANCE Company of Dallas
1301 Mein Street
Dallas, Texas 76202
A
SCHEDULE B
Owner Policy No.: 1 -510251
' This puhcy is suhjcet to the Conditions and Stipulations hereof, the terms and conditions of the leases or easements in.
surcd, if any, shown in Schedule A, and to the following rnatters which are additional exceptions from the coverage of this
policy,
1. Restrictive covenants affecting the land described or referred to above,
2. Any discrepancies, conflicts, or shortages in area or boundary fines, or any encroachments, or any overlapping of im-
provemervls,
3. Taxes for the year 1978 and subsequent years, Not yet due and payable.
4. The following lien(s) and all terms, provisions and conditions of the instrument(s) creating or evidencing said lien(s):
None
5, Any portion of the captioned property felling within the boundaries
of any roads streot or highway.
6. Visible and apparent oasonants on or across tI-*3 property.
LPUFE TITLE INSURANCE Company of Dallas
Owner Policy
of Title
Insurance GF# 19692
USLIFE TITLE INSURANCE Company of Dallas, DALLAS, TEXAS, a Texas Corporation,
HEREINAFTER CALLED THE COMPANY, for value does hereby guarantee !o the herein
named Insured, the heirs, devisees, executors and administrators of the Insured, or if a
corporation, its successors by dissolution merger or consolidation, that as of the date hereof,
the Insures: has good and indefeasible title to the estate or interest in the land described or
referred to ir, this policy.
The Company shall not be liable in a greater amount than the actual monetary loss of the
Insured, and in no event shall the Company be liable for more than the amount shown in
Schedule A hereof, and shall, except as hereinafter stated, at its own cost defend the Insured
in every action or proceeding on any claim against, or right to the estate or interest in the land,
or any part thereof, adverse to the title to the estate or interest in the land as hereby
guaranteed, but the Company shall not be required to defend against any claims based upon
matters in any manner excepted under this policy by the exceptions in Schedule B hereof or
excluded by Paragraph 2, "Exclusions from Coverage of this Policy," of the Conditions and
Stipulations hereof. The party or parties entitled to such defense shall within a reasonable
time after the commencement of such action or proceeding, and in ample time for defense
therein, give the Company written notice of the pendency of the action or proceeding, and
authority to defend. The Company shall not be liable until such adverse interest, claim, or
right shall have been held valid by a co! rt of last resort to which either litigant may apply, and
if such adverse interest, claim, or right so established shall be for less than the whole of the
estate or interest in the land, then the liaoility of the Company shall be only such part of the
whole liability limited above as shall bear the same ratio to the whole liability that the adverse
interest, claim, or right established may bear to the whole estate or interest in the land, such
ratio to be based on respective values determinable as of the date of this policy. In the absence
of notice as aforesaid, the Company is relieved from all liability with respect to any such inter.
est, claim or right; provided, however, that failure to notify shall not prejudice the rights of
the Insured if such Insured shall not be a party to such action or proceeding, nor be served
with process therein, nor have any knowledge thereof, nor in any case, unless the Company
shall be actually prejudiced by such failure.
Upon sale of the estate or interest in the land, this policy automatically thereupon shall become
a warrantor's policy and the Insured, the heirs, devisees, executors and administrators of the
Insured, or if a corporation, its successors by dissolution, merger or consolidation, shall for a
period of twenty-five years from date hereof remain fully protected according to the terms
hereof, by reason of the payment of any loss he, they or it may sustain on account of any
JarNCe coy warranty of title contained in the transfer or conveyance executed by the Insured conveying
the estate or interest in the land. The Company shall be liable under said warranty only by
? reason of defects, liens or encumbrances existing prior to or at the date hereof and not
i f3EAL ; ° excluded either by the exceptions or by the Conditions and Stipulations hereof, such liability
•ra not to exceed the amount of this policy.
%~f fEA^5.5t
IN WITNESS HEREOF, the USLIFE TITLE INSURANCE Company of Dallas has caused this
policy to be executed by its President under the seal of the Company, but this policy is to be
valid only when it bears an authorized countersignature, as of the date set forth in Schedule A.
Aen err,
Attest Si ortn V,ce P,ne,•e.•1. Soo ry reed o-es, <i
Aurhor;rd S,gnah r~
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l I,~ I r t Formerly DALLAS TITLE AND GUARANTY COMPANY
N COZ33r'G7on>>D--' _1 0--1O--1 O ~<cc~im oo 00
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Conditions and Stipulations
1 Definitions
The following terms when used in this policy mean:
(a) "land The land described, specifically or by reference, in Schedule A, and improvements affixed thereto which by law
constitute real property.
(b) "public records": Those records whim impart constructive notice of matters relating to the land.
(c) "knowledge": Actual knowledge, not coistructive knowledge, or notice which may be imputed to the Insured by reason of
any public records.
(d) "date": The effective date, including hour if specified,
2 Exclusions from the Coverage of this Policy
This policy does not insure against loss or damage by reason of the following
(a) The refusal of any person to purchase, lease or lend money n the land.
(b) Governmental rights of police power or eminent domain unless notice of the exercise of such rights appears in the public rec-
ords at the date hereof; and the consequences of any law, ordinance or governmental regulation including, but not limited to,
building and zoning ordinances.
(c) Any titles or rights asserted by anyone including, but not limited to, persons, corporations, governments or other entities
to tidelands, or lands comprising the shores or beds of navigable or perennir rivers and streams, lakes, bays, gulfs or oceans,
or to any land extending from the line of mean low tide to the line of vegetation, or to lands beyond the line of the harbor or
bulkhead lines as established or changed by any government, or to filled-in lands, or artificial islands, or to riparian rights, or the
rights or interests of the State of Texas or the public generally in the area extending from the line of mean low tide to the line of
vegetation, or their right of access thereto, or right of easement along and across the same.
(d) Defects, liens, encumbrances, adverse claims against the title as insured or other matters (1 I created, suffered, assumed or
agreed to by the Insured at the date of this policy, or (2) known to the Insured at the date of this policy unless disclosure thereof
in writing by the Insured shall have been made to the Company prior to the date of this policy; or loss or damage which would
not have been sustained if the Insured were a purchaser for value without knowledge; or the homestead or community property
or survivorship rights, if any, of any spouse of any insured.
3. Defense of Actions
(a) In ell cases where this policy provides for the defense of any action or proceeding, the Insured shall secure to the Company
the right to so provide defense in such action or proceeding, and all appeals therein, and permit it to use, at its option, the name
of the Insured for such purpose. Whenever requested by the Company, the Insured shall give the Company all reasonaole aid in
any such action or p oceeding, in effecting settlement, securing evidence, obtaining witnesses, or defending such action or
proceeding.
(b) The Company shall hove the right to select counsel of its own choice whenever it is required to defend any action or pro-
needing, and such counsel shall have full control of said defense
(c) Any action taken by the Company for the defense of the Insured or to establish the title as insured, or both, shall not be con-
strued as an admission of liability, and the Company shall not thereby be held to concede liability or waive any provision of this
policy,
4. Payment of Loss
(a) No claim shall arise or be maintainable under this policy for liability voluntarily ,ssumed by the Insured in settling any claim
or suit without written consent of the Company.
(b) All payments under thta, )tiny, except payments made for costs, attorney fees and expenses, shall reduce the amount of the
insurance pro tanto; and the amount of this policy shall be reduced by any amount the Company may pay under any policy
insuring the validity or priority of any lien excepted to herein or any instrument hereafter executed by the Insured which is a
charge or lien on the land, and the amount so paid shall be deemed a payment to the Insured under this policy.
(c) The Company shall have the option to pay or settle or compromise for or in the name of the Insured any claim insured against
by this policy, and such payment or tender of payment, together with all costs, attorney fees and expenses v;h'ch the Company
Is obligated hereunder to pay, shall terminate all liability of the Company hereunder as to such claim. Further, the payment of
tender of payment of the full amount of this policy by the Company shall terminate all liability of the Company under this policy.
(d) Whenever the Company shall have settled a claim under this policy, all right of subrogation shall vest In the
Company unaffected by any act of the Insured, and it shall be subrogated to and be entitled to all rights and remedies of the
Insured against any person or property in respect to such claim. The Insured, if requested by the Company, shall transfer to the
Company all rights and remedies against any person or property necessary In order to perfect such right of subrogation, and
shall permit the Company to use the name of the Insured in any transaction or litigation involving such rights or remedies.
S. Policy Entire Contract
Any action, actions or rights of action that the Insured may have, or may bring, against the Company, arising out of the status of the
title insured hereunder, must be based on the provisions of this policy, and all notices required to be given the Company, and any state-
ment in writing required to be furnished the Company, shall be addrejsad to USLIFE TITLE INSURANCE Company of Dallas, 1 301
Main Street, Dallas, Dallas County, Texas 75202.
6. This policy is not transferable.
A"'--WARRANTY DEED-With Gwnal and Coponlioa AelmOvkdsmmL MARTIN Slationc) Co.. Da1'u ~
THE STATE OF TEXAS, VOL 830 F A54
County of Denton Know All Alen By These Presents:
i
DEED RECOWS
That Johnnie Lee Franklin Mahan
I
6946 j
of the County of Denton , State of Texas for and in consideration of
the sum of
TEN AND NO/100 - - - - -($10.00) - - - - - - - - - - - - - - - - DOLLARS,
E
I
to him iohandpaidby City of Denton, a Municipal Corporation
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have Granted, Sold and Conveyed, and by these presents do Grant, Sell and Convey unto the said City of Dento
a Municipal Corporation
of the County of Denton , State of Texas all that certain
lot, tract or parcel of land lying, and being situated in the City and
County of Denton, State of Texas, and being part of the E. Puchalski
survey, Abst. Number 996, and bein" part of lot no. 4, block no. 1, of
the Amended College Addition, and addition to the City/County of Denton,
and also being part of a tract of land as conveyed from Frank Mahan to
Johnnie Lee Franklin by deed dated April 12, 1976 and recorded in Volume
782, Page 159 of the Deed Records of Denton County, Texas, and more part
icularly described as follows:
BEGINNING at the northwest corner of said tract, said point of beginning
lying in the south right-of-way line of West Oak Street and being 110.0
feet east of the intersection of the south right-of-way line of West Oak
Street and the east right-of-way 13ne of Fouts Street;
THENCE east, along the north boundary line of said tract, same being the
sout't right-of-way line of West Oak Street, a distance of 110.0 feet to
a point for a corner, same being the northeast corner of said tract;
THENCE south, along the east boundary line of said tract, a distance of
150.0 feet to a point for a corner, same being the southeast coiner of
said tract;
THENCE west, along the south boundary line of said tract, a distance of
110.0 feet to a point for a corner, same being the southwest corner of
said tract;
THENCEnorth, along the west boundary line of said tract, a distance of
150.0 feet to the place of beginning and containing 16,500.0 square feet
of land, more or less.
I
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TO HAVE AND TO HOLD the above deacribd premises, together with all and singular, the rights and
appurtenances thereto in anywise belonging unto the said City of Denton, a Municipal Corp,
heirs and assigns forever; and I do hereby bind myself , my
heirs, executors and administrators, to Warrant and Forever Defend all and singular the said premises unto the
said City of Denton, a Municipal Corporation
beta and assigns, against every person whomsoever lawfully claiming, or to daim the same, or any part
thereof,
Wham his hand at Denton County, Texas this 9th day of
March , A.D. 19 78
Witnesses at Request of Grantor.
ohnnie Le(T FranklinMaha n
it 1 ,~rT~ ~'~~Ea
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CN~ aao g~ A 97~ n t; Ci ly >
3 as 10A
9~6 ~R
AC"OWI.EDGMEWT
THE STATE OF TEXAS,
. i ~ BEFORE ME, the undersigned authority,
COUNTY OF........... _1)f.I1tOn...........
in and for said County, Texas, on this day personally appeared... Johnnif.'....L.ee.... Fr$nklin.Mahan.........
I~'I known to me to ..........whose name......... iS .............subscribcd to the foregoing instrument, and acknowledged to me that
5....he.......... w9lepst(tf~ a purposes and consideration therein expressed.
GIV . ER Y [t♦ D SEAL OF OFFICE, This..7 h... day t.._~Za.rch. A. 19.78...
(*5) iidge)! .
p ,.ors Notary Public Penton _ ....,.........County, Texas
ply ``11
G 3t [ALE 955, 78
~p DENi~~~ My Commiioa Expires Ji ll .............1/..............._..,........, 9..._.......
ACkNOWLEDGMENT
THE STATE OF TEXAS, E
i BEFORE ME, the undersigned authority,
COUNTY OF..........
I
In and for Bald County, Texas, on this day personally appeared
_
k Awn to me to be the person. whose name.. ..........................subscribed to the foregoing Instrument, and acknowledged to me that
..executed the same for the purposes and consideration therein expressed.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, This..................»_..day of................ A.D. 19
(L. S.)
Notary Public County, Teas
My Commission Expires June.._....... 19.w...
CORPORATION AULNOWLEDG.NENT
THE STATE OF TEXAS, BEFORE ME, the undentgned authority,
COUNTY OF _
in ani for said County, Texas, on this day personally appeared..._
_ known to me to be the person and officer
whom name is subvAbed to the foregoing instrument and acknowledged to me that the same was the act of the Wd_
_
a corporation, and that he executed the same as the act of such corporatlor, for the purposes and consideration therein expressed, ani in
the capadty therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, 111s ..._day of................... A.D. 39.__...._
(LS.) Notary Public .................._....__County, Tau
My Commission Expires June
THE STATE OF TEXAS,
I COUNTY OF_....
County Clerk of the County Court of mid County, do hereby certify that the foregoing instrument of writing dated on the................
....alas' of..... A.D. with Its Certificate of Authentiatloa, was filed for record in my office
an the».._ ..day of........... _ A.D. it at........... and was duty recorded skis...........
day A.D. 19..........., st....... o'clock.................. M., in the Records of mid County, In Vol-
ume . _ _ _ _ oa pages..............
WITNESS my hand and seal of the County Court of uM County, at my once in........_..........
...................._......................_...,................................................the day and yeas last above wrtttea.
Clerk County Courl.._._..............._......_.................„....._.....__.................._ Ccun.y, Teas
(L. SJ By........ , Deputy.
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I SALES CONTRACT
r
THE STATE OF TEXAS X
BY THIS AGREEMENT AND CONTRACT:
COUNTY OF DENTON X
Johnnie Lee Franklin Mahan
hereinafter called Seller, acting through the undersigned and duly
authorized Agent, hereby sells and agrees to convey unto the City
of Denton, Texas, a Municipal Corporation, hereinafter called Pur-
chaser, the described property lying and being situated in the City
and County of Denton, State of Texas, and more particularly described
by metes and bounds in Exhibit "A" attached hereto and made a part
J
hereof.
The purchase price is $21,500.0 , payable at closing.
Purchaser agrees to furnish a Title Insurance Policy to said
property, which shall be conveyed free and clear of any and all en-
cumbrances.
If any title objections are made, then the Seller or his Agent
•
shall have a reasonable time to cure said objections and show good
and marketable title.
Seller agrees when the title objections have been cured, to
deliver a good and sufficient General Warranty Deed properly con-
veying said property to said Purchaser.
Taxes for the current year are to be proratUd to the date of
closing.
The purchase of said property is subject to the approval of
the City Council of the City of Denton, Texas.
Executed in triplicate this the 9th day of March
A. D. *v= 1978.
CITY OF DENTON, TEXAS, J SELLER
PURCHASER
BY:
Johnnie Lee Franklin Mahan
' ~Xcl'I'JIT'~A'r
.A
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i have Granted, Sold and Conveyed, and by these presents do Grant, Sell and Convey unto the said City of Dento
a Municipal Corporation
~I
of the County of Denton , State of Texas all that certain
~I
lot, tract or parcel of land lying, and being situated in the City and
County of Denton, State of Texas, and being part of the E. Puchalski ;
survey, Abst. Number 996, and being part of lot no. 4, block no. 1, of
the Amended College Addition, and addition to the City/County of Denton,
and also being part of a tract of land as conveyed from Frank Mahan to
Johnnie Lee Franklin by deed dated April 12, 1976 and recorded in Volume
782, Page 159 of t:c Dcc~ "..;cords of Denton County, Texas, and more part;
icularly described as follows:
BEGINNING at the northwest corner of said tract, said point of beginningli
lying in the south right-of-way line of West Oak Street and being 110.0 {
feet east of the intersection of the south right-of-way line of West Oakl
Street and the east right-of-way line of Fouts Street;
THENCE east, along the north boundary line of said tract, same being the south right-of-way line of West Oak Street, a distance of 110.0 feet
to +
a point for a corner, same being the northeast corner of said tract;
THENCE south, along the east boundary line of said tract, a distance of
150.0 feet to a point for a corner, same being the southeast corner of
said tract;
THENCE west, along the south boundary line of said tract, c, distance of
110.0 feet to a point for a corner, same being the southwest corner of
said tract;
THENCEnorth, along the west boundary line of said tract., a distance of ~
150.0 foot to the place of beginning and containing 16,500.0 square feet
of land, more or less.
t
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SALES CONTRACT r
THE STATE OF TEXAS X
BY THIS AGREEMENT AND CONTRACT:
COUNTY OF DENTON X
G.E. Adami
hereinafter called Seller, acting through the undersigned and duly
authorized Agent, hereby sells and agrees to convey unto the City
of Denton, Texas, a Municipal Corporation, hereinafter called Put-
chaser, the described property lying and being situated in the City
and County of Denton, State of Texas, and more particularly described
by metes and bounds in Exhibit "A" attached hereto and made a part
hereof. ✓ 'L `
The purchase price is $ , payable at closing.
Purchaser agrees to furnish a Title Insurance Policy to said
property, which shall be conveyed free and clear of any and all en-
cumbrances.
if any title objections are made, then the Seller or his Agent
shall have a reasonable time to cure said objections and show good
ind marketable title.
Seller agrees when the title objections have been cured, to
deliver a good and sufficient General Warranty Deed properly con-
veying said property to said Purchaser.
Taxes for the current year are to be prorated to the date of
closing.
The purchase of said property is subject to the approval of
the City Council of the City of Denton, Texas,-
Executed in triplicate this the day of
wy-y/Z/
A. D. 1979.
CITY OF DENTON, TEXAS, SELLER
PURCHASER
BY.
Q.E. Adami
. 444 i
SALES CONTRACT
' THE STATE OF rxGXA2 X
BY THIS AGREEMENT AND CONTRACT:
COUNTY Or DENTON I
Charles R. Smith
hereinafter called Seller, acting through the undersigned and duly
authorized Agent, hereby sells and agrees to convey unto the City
of Denton, Texas, a Municipal Corporation, hereinafter called Pur-
chaser, the described property lying and being situated in the City
and County of Denton, State of Texas, and more particularly described
by metes and bounds in Exhibit "A" attached hereto and made a part
hereof.
4~) e~
The purchase price is , payable at closing.
Purchaser agrees to furnish a Title Insurance Policy to said
property, which shall be conveyed free and clear of any and all en-
cumbrances.
If any title objections are made, then the Seller or his Agent
shall have a reasonable time to cure said objections and show good
and marketable title.
Seller agrees when the title objections have been cured, to
deliver a good and sufficient General Warranty Deed properly con-
veying said property to said Purchaser.
Taxes for the current year are to be prorated to the date of
closing.
'rhe purchase of said property is subject to the approval of
the City Council of the City of Dentori,..Texas. ~j
Executed in triplicate this the J47- day of
A. D. 197CC)
CITY OF DENTON, TEXAS, SELLER
PURCHASER
BY:
Charles R. Smi l.h
7~
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I 09 I IA I.C~~~1a,Q ICeQCeea.4%.v ~o ~'~[J-~- t
- C•791 RELEASE v! LIBY. a'_ - - - ItAR BtLlieely Cgj_pd14f'-
MIIE STATE OF TEXAS, KNOIV ALL MEN BY THESE PRESENTS:
COUNTY OF DF.NTON
If
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That in consideration of the payment of one dollar and other good and valuable j ,
consideration, of one
certain promissory note I
I
described in a certain Deed of Trust
j
executedby Garland Warren and Charles Ray Smith
to Wallace C. Sparkman, Trustee for Denton Federal Savings f, Loan
Association
! + dated the 14th day of Pl a r c h 19 6 3 , and recorded in Vol. 226 on
page 365 of theMdxll9>4K Deed of Trust Records
l of Denton County, Texas
I
the uwner and holder of said note , do hereby release the vendor's
1
lien shown by said Deed of Trust to exist upon the following described land, to secure pay.
meat of said note , air.: all that cerlain
lot, LracL or parcel of loUVl lying, ;Intl being situated in the City and
County of Don Lon, Skite of Texas, and hnir,g part of the E. Pueha Iski I
survey, ahsi. no. 906, and being part of a tract of land conveyed from ;
Garland Warren to Charles It. Smith by deed dated August 18, 197.5 and re-
cordoo in Volume 755, rage 996 of the Deed Records of Denton County, Texa~h
and irlore parLicularly dcsvrihe(i as follows:
13f;GINN1NG at the northeastr corner of said I ract, said point of beginning
lying in the west ril;ht.-of-way line of Avenue "L" and being 115.0 feet
sotiLli of the inLorsection of the south righL-of-way line of Stella Street
and the west riE(hl-of-way Iine of Avenue "P,"; 1 ;
IIFNC)i so uLl,, aloni~ the east, boundary line of said tract,, same being the II
west right-of-way line of Avenue "1.", a distance of C?g.o feet to a point
for a corner, sawn he.ir,g the southeast corner of said tract;
'Tell NCE,, west., alone; the south boundary line of said tract, a distance of 'I ~
G.0 feet, irI a 1~oint for a c rrne.r;
TIi1;NCTI' north, 6.0 feel %%ost of ante parallel with the east houndary line
of said trarL, a dislanre, of 69.0 feet to a point for a corner in the
;
north boundary line of said trac(
TIT NCli east, along Lhe ea<:t boundary lino of said tract, n distance of I
6.0 feet Lo the place of beginning and containing 414.0 square feet of II
land, more or less.
DENTON SAVINGS ASS~:~IAT[ON
ATTESTi
BY Aanc, A.)Millichamp., S cretary
THE STATIi OF TEXAS
BEFORE ME, the undersigned, a Notary Public
County of.--DEff[0N--__-__-.-_
fn and for said County, Texas, on this day pere-nally appeared
o~._Dentnn_.Saving Association j
and officer
known to me to be the person-_. /--,whose name-___ i S_-_..__aubscr[bcd to the foregoing Instrument, ani
acknowledged to me that-he-executed the same for tae purposes and consideration therein expressed.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this-.a ty..-..day
A. D. 19 788 .
N,Aary Public, Denton County, Texas
C-M IIVLRAGIR OF 1.ICN MARTIN suuandrL
Ce '[HILLf
.
TIIL S'i'A'i'L OF 'i'II'YA~S,
' KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF I)1'N'I0 N
That in consideration of the payment of one dollar and other good and valuable 1
consideration, of one
certain promissory note
described in a certain Deed of Trust
j executedby Garland Warren and Charles Ray Smith
j
to Wallace C. Sparkman, Trustee for Denton Federal Savings $ Loan
Association
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That this is a partial release, only releasing the vendor's lien as to
the property described above and not to the whole tract.
Witness my hand this day of March 19 78 I
DYNTON SAVINGS ASSOCIATION
ATTEST: -
BY:
~i Nancy A. Millichamp. Sdc retary
i
1'1IE STATE O TEXAS
BEFORE 31K, the undersigned, a Notary Public i !
County
in and for said County, Texas, on this day personally appeared
-...___.__.--•--_o~.._D.enton..:avingc; Associaiion--~
and officer
known to me to be the person. Ewhose name-._.. I Js_ -.___-subscribed to the foregoing instrument, and
acknowledged to me that-he-executed the same for the purposes and consideration therein expressed. G
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this aY-.day
A. D.19 78.
Notary Public, Denton County, Texas
i
I
off,
?6
SINGLE ACKNOWLEDGMENT
Tilt", STATE. OF TEXAS, ~
COUNTY OF DENTON BFFQRE,bIF, the underalQned authority,
in and for said County, Texas, on this day personally nJpeared __J, E. ALLEN '
- - -
known to me to be the person _ whose name 29_ . subscribed Y) the foregoing instrumc A, and acknowledged to me
that he executed the same for the purposes and consideration therein exprebsed.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, This-~~ raL..._.(lay of A.D. 1978..
Notary Publi ._..__._._.D-en] o1L.-..------- . ~ Count , Texas
My Commission Expirea as /leZl' 7Y
SINGLE ACKNOWLEDGMENT
THE STATE OF TEXAS, l BEFORE ME, the undersigned authority,
COUNTY OF
In and for said County, Texas, on this day personally appeared_._
_
known to me to be the person ..._.whose name subscribed to the foregoing instrument, and acknowledged to me
that he executed the same for the purposes and consideration therein expressed.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, This __.__._..day of...A.D. 19.
Notary Public, _ County, Texas
d My Commission Explres June 1, 19
CORPORATION ACKNOWLEDGMENT
THE STATE OF TEXAS,
BEFORE ME, the undersigned authority,
COUNTY OF
„i and for said county, rexas, on this day personally appeared
known to me to be the person and oMccr
whose none Is subscribed to the :orego€ng instrument and acknowledged to me that the same was the act of the sold
a corporation, and that he executed the sand as the net of such corporation for the purposes and consideration therein
expressed, and In the capacity therein stated.
GIVEN UNDER MY ELAND AND SEAL OF OFFICE, This day of A.D. 19
( L.S.f _
Notary Public, County, Texas
Q $ My Commission Expires June 1, 19.....
tfidUl CERTIFICATE
THE STATE 0 ' j I,..__ . County
COUNTY OF
Clerk of the County uRbfRgd Ate O llgrjy crtify that the foregoing Instrument of writing dated on the
day of ..,'xf ..i N . C, 7i D. I9 , with its Certilleate of Authentication, w'na filed for
record in my office on t _ Cam... do S
y ►Af A. D. 19 , of o'clock b1., and duly
tCA
e A. D. 19. at o'clock M, in the
recorded this ay
d.,i.&R ords of said County, in Volume , on pages
WITNESS MY IIA D Aid AL OF IFIC ' COURT of said County, at office In.. R............ ..7..zaZa nd tear last above written.
County Clerk
County, Tczau.
VA 8J Aq Drr uty,
1-4
i 11I3 1A'C0 11tH.. 'I to g y 0
FK1(
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-;ON' I Via
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K01 A"O ~A~F ~8
K-/(/4 _
- ~lerile 8tatlmerf Cn.. DejV~_".
880
THE STATE OF TE"S r KNOW ~ S
K1~O+Y ALL MEN BY THESE E P PREES SENNTTS:
COUNTY OF DENTON
DEED RECORO5
THAT J. E. ALLEN
of Denton County, Texas , in consideration of the sum of
---------One Dollar ($1.00)---------- and other good and valuable consideration
In hand paid by the City of Denton, Texas receipt of which is hereby acknowledged, do by
these presents grant, bargain, sell and convey unto to the City of Denton, Texas, the free
and uninterrupted use, liberty and privilege of the passage in, along, upon and across the following
described property, 66 4 1G
owned by him . Situated in Denton County, Texas, in the
J. McGowan Survey, Abstract No. 797
All that certain lot, tract or parcel of land lying and being situated
j in the City and County of Denton, State of Texas, and being part of the
J. McGowan Survey, Abstract No. 797 and being part of Lot 21, Block 23
of the Southridge Addition, an addition to the City and County of Denton
and also being part of a tract of land as conveyed from William R. Laths
and wife, Annabelle A. Latham to J. E. Allen by Deed dated November 3,
1975 and recorded in Volume 765, Page 125 of the Deed Records of Denton
County, Texas and more particularly described as follows:
BEING the east 5.0 feet of said tract and being 176.24 feet in length
and containing 883.93 square feet of land, more or less.
And It Is further agreed that the said City of Denton, Texas
in consideration of the benefits above set out, will remove from the property above described, such fences,
buildings Pnd other obstructions as may now be found upon said property.
For the purpose of constructing, installing, repairing and perpetually
maintaining underground utilities in, along, upon and
across said premises, with the right and privilege at all times of the grantee herein, his or its agents,
employees, workmen and representatives having Ingress, egress, and regress in, along upon and across
said premises for the p-atl)ce of making additions to, improvements on and repairs to the said
underground utilities, or
any part thereof.
TO HAVE AND TO HOLD unto the said City of Denton, Texas as aforesaid for
the purposes aforesaid the premises above described.
Witness his hand , this the day of . , A,'O~. 1978 .
r
'
TIIh; STATE OF TlsaA SINGLE ACKNOWLEDGMENT
COUNTY OF DENTON 13F6YIRF ME, the undersigned authority,
in mod for said County, Tcxns, on this day personally appeared ..F.1 1nbr. Hughes a, Mayor, . of _the
i; City of Denton, T~xas
known to me to be the pi rson whus'q name 1 S subscribed to the foregoing Instrument and acknowledged to me that
i She executed the same for the purpo"s and eoasiderntion therein expressed.
GIVEN UNDER MY,HANU ANfy.SEAL OF OFFICE, This day of Mar . A.D. 19
Notary 1'v ic, .......,..Den ton..,.... County, Texas
i! t My Commission Expire, 19.....9
JOINT ACKNOWLEDGMENT
HE COUNTY OF STATE OF _ TEXAS, BEFORE ME, the undersigned authority,
in and for said County, Texas, on this day personally appeared _
and
his wife, both known tome to be the persons whose names are subscribed to the foregoing Instrument, and seknowledged to
me that they each executed the same for the purposes and consideration therein expressed, and the said
_ . , wife of the said......... .
_._having been
. .
examined by me privily and apart from her husband, and having the same fully explained to her, she, the said.
acknowledged such instrumenitg be her act and deed and
she declared that she had willingly signed the same for the purposes and consideration herA LS rgssed, and at she did
not wish to retract it. g g v' €
GIVEN UNDER MY HAND AND SEAL OF OFFICE, This . ............day ~ F $g ti M~....
Notary Public, 8 S4 r oCou 3 as
5fy Commission Expires JIF,~1~I,~~ .tT
WIFE'S SEPARATE ACKNOWLEDGMENU
THE STATE OF TEXAS,
COUNTY OF BEFC~~ E'4tjc 1 .,dera- ity,
In and for said County, Texas on this day personally appeared
p
wife of
known to me to be the person whose name is subscribe(; ;o the foregoing Instrument, Q1 Y}
~a bgen ex Q&R eslvily
and apa rt from her husband, and having the same fully explained to her, she, the d acknowledged such instrutaco e deed, and
.he dPrlrrnl thn• he had v. s tingly ale ca th. bdwv;ur he +r, vu~ee and consideration therein exDresst ahR did
not wish to retract it.
GIVEN UNDER MY HAND AND SEAL OF OFFICE,This day of.............,.............,......., A.D. 19.._.....
IL.S.)
Notary Public . .....County, Texas
My Commission Expires June 11 19
CLERK'S CERTIFICATE
THE STATE OF TEXAS, `
f h..._. County
COUNTY OF.
Clerk of the County Court of said County, do hereby certify that the foregoing instrument of writing dated on the
day of A. L. 19 with its Certificate of Authentication, was flied for
record in my office on the day of . _ _ , A. D. 19..... , at........... o'clock _ M., and duly
recorded this day of A. D. 19,........., at o'clock M., in the
. Records of said County, In Volume , on pages.,...................,
WITNESS MY HAND AND SEAL OF THE COUNTY COURT of sold County, at oMce In.. . . . -
the day and year last nbove written.
County Clerk Covnty, Texas.
Deputy,
i "
I~i''S { 14~
Ts ? I 9
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le
F7 ow l[#
A I a ~2! OI'N~ t~ a
~I kk SOX I.'t n01101 31 J
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`z _.:r-.39 QUntMUM DEED WILe BInaik-J nL end Wife, Sn,LntaAcirwwWww aY :YARMthaH urydrL,NUN
o '
THE STATIC: OF TEXAS, KNOW ALL MEN BY TVOL HESE JM4
COUNTY OF EED RECOA,DS
That the City of Denton, Texas
of the County of Denton and State of Texas , for and in consideration of I
the sum of------------------------ FSL7G
-----ONE DOLLAR ($1.00) AND NO/100----------------------------'DOLLARS, +
and other good and valuable considerations
to him in hand paid by
of the County of Denton and State of Texas , the recel:)t of which
is hereby acknowledged, do, by these presents, BARGAIN, SELL, RELEASE, AND FOREVER
QUIT CLAIM unto the said Don Moore (Gibson-Moore Properties) f
Their heirs and assigns, all its right title and interest in and to that certain tract or par.
cel of land lying in the County of Denton and State of Texas, described as follows,
to-wit :
One-half (J) of that certain alley shown abutting the rear of city
lot 19 of city block 498 as shown on the official plat of the city on
file in the office of the Tax Assessor, said alley portion being a rect-
angle 10 feet in width and 51 feet in lengtii, and adjoining and abutting
the east boundary line of said lot 19 (known as 302 Fry Street) a distanc '
of 51 feet more or less (from the northeast corner of said lot 19 to the
southeast corner of said lot 19
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TO HAVE AND TO HOLD the said premises, together with all and singular the rights, privi.
leges and appurtenances thereto in any manner belonging unto the said Don Moore
Their (Gibson-Moore Properties)
heirs and assigns, forever, so that neither the said j
City of Denton, its successors
}h1Rl 7L%D~ nor any person or persons claiming under it shall, at any time hereafter,
I
have, claim or demand any right or title to the aforesaid premises or appurtenances, or any part there-
ot~.
s W1TNEM MY hand at Denton, Texas this the
8th day of March A. D.19 78
re flf
R'itnesaea CitYof Denton.! Texas
r E at uc,t of Gr ors
Attest:
t,-Ci£j+'SdFfdr ry BYr" Sfn :ii f
.v~M1U4Y~1t'.aaava.iin:•ns-~_ ~_..sAUC aO:?.us'>•v_»_~.._•.rr::.au.ns>+a..~.w ssa`saca:cusas r-:.mr.c~.rrii,z. _
!7j
MIFE TITLE INSURANCE Cotmpanyof Dallas
PURCHASER'S STATEMENT
DATE, 3-10-78 GF 19692
SALE FROM:JO nn e eeFranklin ~it~af, City of Denton, ezes.
PROPERTY ~?t.of T.ot 4,Blk.le Amended Plat or Extn_of CDTTeeAdn.to Denton.
PURCHASE PRICE $ 21}500.On
PIS: CHARGES
Filing fees to County Clerk: WD_ 00 REL `DT 7.00
TST _ Agmt. All S
Loan charges and tees due to
S
Loan transfer fee or assumption fee $
_
Fees to JIST,}fa Title Company
Title Policy: Owner 195.00 Mortgagee Binder
Escrow 15 -'06 -Resirictions
b 210.00
Tax Certificates, State and County
& City and School
other S 9.00
s
Survey fee to-_-_ $
Attorney's fees for preparation of papers to $
- _ S
Flood insurance premium to $ 4
Hazard insurance premium to $
Tex and irsurance escrowed with $
_
mos, taxdeposit@ per mo,
mos. hazard Insurance@ per mo.
mos. flood insurance@ per mo.
mos. mortgage insurance@ per mo.
i
Interestfrom _ to 8
8
Proration of hazard Insurance from to 8
Proration of flood insurance from to !
Maintenance charge proration from to b _
Tax proration from to b
S
Escrowed accounts with lender purchased from Seller S _
8
b 226.00
TOTAL CHARGES 8
GROSS AMOUNT DUE BY PURCHASER 8 21 . 726.00
LESS: CREDITS
Down payment or earnest money paid to S
Loan from _ 8
Note assumed . 8
Interest proration from to A
Tax proration from 1-1-78 to 3-T 0-78 ! 5 6.86
e
Rent proration from to 8 _
Other Credit 8
!
TOTAL CREDITS ! 56.86
BALANCE DUE BY/TXPURCHASER S 21, 669.14
PL"rheser us,dentands the Closing or Escrow Agent has as:mmbled this information representing the transaction from the best information available
from other sources and cannot k,raraove the accuracy thereof. P ny real estate agent or lender involved may be furnished a copy of this Statsment.
Purchaser understands that tax end insurance prorelions and eserves were bised on figures for the preceding year or supplied by others or estimates
for current year, and In the went or any change forryy ¢p~I yyeppr X11 ~~ttgqs~~~naryy eye tmenls must be made between Purchaser end Seller direct.
The undersigned hereby authorizes _ U~L1ItL T1Ti,ltd G~.. to make expend,tures end disbursomenls as shown
above and approves same for payment The undersigned also acknowledges receipt of loan funds. if applicable. in the amount shown above and a receipt
of a copy of this Statement.
CLOSING OR ESCR AGENT ADDRESS
SOP ,
CERTIFICATE FOR
RESOLUTION AUTHORIZING EXECUTION OF A
SPECIAL ESCROW FUND AGREEMENT
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 MEETING ON THE 21ST DAY OF MARCH, 1978,
at the Municipal Building (City Hall), and the roll was called
of the duly constituted officers and members of said City
Council, to-wit:
Brooks Hnlt, City Secretary Elinor Hughes, Mayor
Bill Nash Dick Stewart
Joe Mitchell Mary Claude Gay
and all of said ersons were present, except the following
absentees: W-
thus constituting a quorum. Whereupon, among other business,
the following was transacted at said Meeting: a written
RESOLUTION AUTHORIZING EXECUTION OF A
• SPECIAL ESCROW FUND AGREEMENT
was duly introduced for the consideration of said City Council
and read in full. It was then duly moved and seconded that
said Resolution be adopted; and, after due discussion, said mo-
tion, carrying with it the adoption of said Resolution, pre-
vailed 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
Resolution adopted at the Meeting described in the above and
foregoing paragraph is attached to and follows this Certificate,
that said Resolution has been duly recorded in said City Coun-
cil'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 adoption
of said Resolution; 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 notified officially and personally, in
advancA, of the time, place, and purpose of the aforesaid Meet-
ing, and that said Resolution would be introduced and consider-
ed for adoption 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 Meeting was open to the public,
and public notice of the time, place, and purpose of said Meet-
ing 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 Resolution; that the Mayor and the
City Secretary of said City have duly signed said Resolutiont
and that the Mayor and the City Secretary of said City hereby
declare that their signing of this Certificate shall consti-
tute the signing of the attached and following copy of said
Resolution for all purposes.
SIB ED AND SEALED the 21st day of March, 1978.
City Secretary Mayor
(SEAL)
• RESOLUTION
AUTHORIZING EXECUTION OF A
SPECIAL ESCROW FUND AGREEMENT
THE STATE OF TEXAS ,
COUNTY OF DENTON ,
CITY OF DENTON
WHEREAS, it is necessary and advisable that the City
enter into the Special Escrow Fund Agreement hereinafter au-
thorized with First National Bank in Dallas, Dallas, Texas.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF DENTON, TEXAS:
Section 1. That the Mayor and City Secretary are au-
thorized and directed, for and on behalf of the City, to date,
sign, seal, and otherwise execute a Special Escrow Fund Agree-
ment in substantially the form and substance attached hereto
and made a part hereof for all purposes.
Section 2. That, upon execution, said Special Escrow
Fund Agreement shall be binding upon the City for all purposes.
SPECIAL ESCROW FUND AGREEMENT
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON :
THIS SPECIAL ESCROW FUND AGREEMENT (the "Agreement") dated
the 30th day of March, 1978, made by and between the City of
Denton (the "City"), in Denton County, Texas, a city duly in-
corporated and functioning under the laws of the State of Texas
and its Home Rule Charter, and which is authorized to issue
bonds under the provisions of Vernon's Ann. Tex. Civ. St. Art.
1118n-12 (the "Act"), and First National Bank in Dallas, Dallas,
Texas, a national banking association, organized and existing
under the laws of the United States of America, having its
principal office in the City of Dallas, in Dallas County,
Texas (the "Escrow Agent"):
W I T N E S S E T H:
WHEREAS, the following series or issues of Electric Revenue
Bonds of the City issued pursuant to law are presently outstand-
ing (being all of the outstanding Electric Revenue Bonds of the
City);
City of Denton Electric Revenue Bonds, Series
1954, dated November 1, 1954, now outstanding
in the aggregate principal amount of - - - - - $1,385,000
City of Denton Electric Revenue Bonds, series
1955, dated May It 1955, now outstanding in
the aggregate principal amount of - - - - - - $ 461,000
City of Denton Electric Revenue Bonds, Series
B, 1955, dated November 1, 1955, now outstand-
ing in the aggregate principal amount of - - - $ 501,000
City of Denton Electric Revenue Bands, Series
1961, dated January 1, 1961, now outstanding
in the aggregate principal amount of - - - - $4,060400
1
-1-
City of Denton Electric Revenue Bonds, Series
1965, dated January 1, 1965, now outstanding
in the aggregate principal amount of - - - - - $1,225,000
City of Denton Electric Revenue Bonds, Series
1968, dated Febr+;ary 11 1968, nr..w outstanding
in the aggregate principal amount of - - - - - $ 550,000
City of Denton Electric Revenue Bonds, Series
1970, dated September 1, 1970, now outstanding
in the aggregate principal amount of - - - - - $2,520,000
City of Denton Electric Revenue Bonds, series
1972, dated May 1, 1972, now outstanding in
the aggregate principal amount of - - - - - - $4,800 000
City of Denton Electric Revenue Bonds, Series I
1974, dated July 1, 1974, now outstanding in
the aggregate principal amount of - - - - - - $1,400,000
(collectively the "Outstanding Bonds"), and
WHEREAS, by a bond ordinance passed on March 21, 1978, the
City Council of the City duly authorized the issuance, sale,
and delivery of an issue of refunding bonds, for the purpose
of refunding the Outstanding Bonds, to-wit:
City of Denton Electric System Revenue Refunding
Bonds, Series 1978, dated March 15, 1978, in the
principal amount of $ 190255,000 (the "Bonds"),
authorized by an Ordinance hereinafter called
the "Bond Ordinance"; and
WHEREAS, the Outstanding Bonds have not been and will not
be called for redemption prior to maturity; and
WHEREAS, the Outstanding Bonds shall mature in accordance
with their scheduled maturities specified in the ordinances
authorizing their issuance, and the City covenants and agrees
that hereafter it will not, and that it is not authorized, to
call any such outstanding Bonds for redemption prior to matur-
ityt and
WHEREAS, it is necessary that this Agreement provide for
the investment of certain proceeds from the sale of the Bonds
r2-
initially deposited to the credit of the Escrow Fund in
"Federal Securities", as hereinafter defined and provided,
which must provide funds to insure the payment of the princi-
pal of and interest on the outstanding Bonds as the same shall
mature and become due; and
WHEREAS, the City has made arrangements for the Escrow
Agent to purchase Federal Securities with part of the proceeds
from the sale and delivery of the Bonds which will produce the
amounts sufficient to meet said principal and interest pay-
ments on the Outstanding Bonds; and
WHEREAS, the Escrow Agent is a commercial bank which is a
qualified depository and whic-k possesses and is exercising full
trust powers and is otherwise qualified and empowered to enter
into this Agreement.
NOW, THEREFORE, in consideration of the mutual agreements
herein contained and the sum duly paid by thr, City to the
Escrow Agent hereunder, and in order to secure the payment of
the principal of and interest on the Outstanding Bonds, as the
same shall mature and become due, the parties hereto mutually
undertake, promise, and agree for themselves, their respective
representatives, successors, and assigns, as follows:
Section 1. (a) There is hereby created by the City with
the Escrow Agent a special trust fund and separate trust ac-
count designated the "City of Denton Special Escrow Fund" (the
4
"Escrow Fund"). The Escrow Agent hereby accepts the Escrow Fund,
and acknowledges the receipt, and deposit to the credit of the
Escrow Fund, of $18,441,957.50 in immediately availa'ole Federal
Funds, representing all of the proceeds received by vhe City from
the sale and delivery of the Bonds (the "Bond Proceeds").
.3-
(h} The Escrow Agent further represents and acknowledges
that concurrently with said deposit described in (a) above, the
Escrow Agent has (i) used part of such deposit to purchase, on
behalf and for the account of the City, from the United States
Treasury, certain interest bearing United States Treasury Certi-
ficates, Notes and Bonds - State and Local Government Series,
which are direct obligations of the United States of America (non-
callable by the Obligor), in book-entry form, in the aggregate
principal or par amount of $15,467,400.00 (the "Federal
Securities") by payment of said principal or par amount to the
Federal Reserve Bank at Dallas, Dallas, Texasj and that the
Escrow Agent has received book-entry credit for the Federal Se-
curities from the Federal Reserve Bank at Dallas, and has credited
the Federal Securities (which are described in Exhibit A attached
to this Agreement and made a part hereof) to the Escrow Fund, and
(ii) set aside out of said deposit $387,049.50 to be held, and
not invested, and used solely to pay the interest coming due on
the Outstanding Bonds on May 1, 1978. The City represents that
the principal amounts successively maturing cn '.he Federal Se-
curities, together with the interest accruing and coming due on
the Federal Securities, and the sum deposited to the credit of
the Escrow Fund and held in cash pursuant to (ii) above, will
assure that money will at all times be available to the Escrow
Agent in amounts sufficient to pay the principal of and interest
on the Outstanding Bonds as the same mature, accrue and become
d•e, all as shown in Exhibit B, which is attached to this Agree-
ment and made a part hereof.
(c) The Escrow Agent further represents and acknowledges
that it has transferred, in immediately available Federal Funds,
to The Fort Worth National Bank, Fort Worth, Texas, all of the
balance of the aforesaid Bond Proceeds remaining after setting
.4-
aside in cash and investing part of said Bond Proceeds as'•
described in Section 1 (b) above (except the amount provided in
Section 19.)
Section 2. The principal of and interest coupons on the
Outstanding Bonds shall be paid to the respective bearers
thereof in accordance with the provisions thereof, in the
following manner:
Interest
Interest coupons coming due on May 1, 1976, and
semiannually thereafter shall be paid until each
of the outstanding Bonds matures.
Principal
?rincipal shall be paid on the Outstanding Bonds
as it matures serially on November 1 of each
year.
Section 3. The Escrow Agent shall hold the book-entry
credits of the Federal Securities and the money deposited to
the credit of the Escrow Fund at all times as a special and
separate trust fund for the benefit of the City and the owners
of the Outstanding Bonds, wholly segregated from other funds
and securities on deposit with it, shall never commingle such
Federal Securities or money with other funds or securities
owned or held by it, and shall never at any time use, 1jan, or
borrow the same in any way other than as provided in this
Agreement. A special account for the Escrow Fund and the
Federal Securities shall at all times be maintained on the
boobs of the Escrow Agent.
Section 4. The Escrow Agent shall from time to time col-
lect and receive the principal amounts maturing and the inter-
est accruing and payable on the Federal Securities, as the
same become due, and credit same to the Escrow Fund, so that
the proceeds of the Federal securities as such become due, to-
gether with the sum deposited to the credit of the Escrow Fund
and held in cash pursuant to Section 1(b)(ii), will be available
- 5-
to pay the principal of and interest on the Outstanding Bonds
as the same mature and become due. If for any reason (other
than the Escrow Agent's own negligence or default hereunder)
the amounts on hand in the Escrow Fund shall be insufficient to
make such payments as they become due and payable, the City
shall timely deposit in the Escrow Fund, from any lawfully avail-
able funds of the City, such additional amounts as may be re-
quired to meet fully the amount so about to become due and
payable. Notice of such insufficiency immediately shall be
given to the City by the Escrow Agent, but the Escrow Agent
shall in no manner be responsible for the City's failure to
make such additional deposits.
Section 5. The interest earnings and income from the
Federal Securities listed in Exhibit A shall not be invested or
reinvested by the Escrow Agent or the City. The Escrow Agent
shall maintain the Escrow Fund until the date upon which said
Outstanding Bonds are fully paid as to principal and interest,
whereupon the Escrow Agent shall sell or redeem and remaining
Federal Securities and shall remit to the City the proceeds
thereof, together with all other money, if al.y, then remaining
in the Escrow Fund.
Section 6. The Escrow Agent shall continuously secure all
uninvested money in the Escrow Fund with direct obligations of
the United States of America having market value at least equal
to said uninvested money.
Section 7. The Escrow Agent shall not be liable or respon-
sible for any loss resulting from any investment made in the
Federal Securities.
Section 8. The Federal Securities and all amol,%t.s due
therefrom shall be and remain the property of the Escr±a Fund,
and the City and the owners of the Outstanding Bonds sh,111 be
-6-
entitled to the preferred claim, and shall have the first lien, '
upon such Escrow Fund and the Federal securities and amounts
due therefrom enjoyed by a trust beneficiary. The amounts re-
ceived by the Escrow Agent under this Agreement shall not be
considered as a banking deposit by the City, and the Escrow
Agent shall have no right or title with respect thereto except
as trustee and escrowee hereunder. The amount so received by
the Escrow Agent as trustee and escrowee under this Agreement
shall not be subject to checks or drafts drawn by the City.
Section 9. The Escrow Agent, as a paying agent (place of
payment) for the Outstanding Bonds shall, from time to time, as
necessary, provide for the payment, when due, of the principal
of and interest on the Outstanding Bonds on each interest and
principal payment date for the outstanding Bonds. The Escrow
Agent shall use the money in the Escrow Fund and principal
amounts maturing and the interest accruing and payable on the
Federal Securities for such purposes, as provided in this Agree-
ment. Also the Escrow Agent shall make such amounts available
to the First State Bank of Denton, Denton, Texas, the other
paying agent (place of payment) for the Outstanding Bonds, as
are necessary to pay, when due, the principal of and interest
on the Outstanding Bonds which are presented for payment at the
First State Bank of Dentcr, so '.;,at no default will occur in the
prompt and timely payment of such amounts when due. The Escrow
Agent shall destroy all paid Bonds, and all paid interest cou-
pons appertaining thereto, and shall furnish the City with an
appropriate certificate of cancellation or destruction.
Section 14. Promptly after flay 1, 1978, and semiannually
promptly after each November 1 and May 1 thereafter so long as
the Escrow Fund is maintained under this Agreement, the Escrow
-7-
P.gent shall forward by letter to the City, to the attention of
the City Manager of the City, a statement in detail of the
Federal Securities held, and the income and maturities thereof,
and withdrawals of money from the Escrow Fund for the preceding
six-month period.
Section 11. The Escrow Agent shall not be liable or respon-
sible for any act done or step taken or omitted by it or any
mistake of fact or law or for anything which it may do or
refrain from doing, except for its negligence or its default or
failure in the performance of any obligation imposed upon it
hereunder. The Escrow Agent shall not be responsible in any
manner whatsoever for the recitals or statements contained in
the Bonds or the Outstanding Bonds, or any proceedings taken in
connection therewith.
Section 12. The Escrow Agent shall have no responsibility
to any persons in connection herewith except those specifically
provided herein and shall not be responsible for anything done
or omitted to be done by it except for its own negligence or
default in the performance of any obligation imposed on it
hereunder. The Escrow Agent, except as herein specifically
provided for, is not a party to, nor is it bound by nor need it
give consideration to the terms or provisions of any other
agreement or undertaking between the City and other persons, or
ztny agreement or undertaking which may be evidenced by or dis-
closed by any items included among the deposited property, and
the Escrow Agent assents to and is to give consideration only
to the terms andoprovisions of this Agreement. Unless it is
specifically otherwise provided herein, Escrow Agent has no
duty to determine or inquire into the happening or occurrence
of any event or contingency or the performance or failure of
-8-
per.formanc-- of the City with respect to arrangements or con-
tracts with others, with the Escrow Agent's sole duty hereunder
being to safeguard the Escrow Fund and to dispose of and deliver
the same in accordance with this Agreement. If, however, the
Escrow Agent is called upon by the terms of this Agreement to
determine the occurrence of any event or contingency, the Escrow
Agent shall be obligated, in making such determination, only to
exercise reasonable care and diligence, and in event of error in
making such determination the Escrow Agent shall be liable only
for its own misconduct or its negligence. in determining the
occurrence of any such event or contingency the Escrow Agent may
request from the pity or any other person such reasonable addi-
tional evidence as the Escrow Agent in its discretion may deem
necessary to determine any fact relating to the occurrence of
such event or contingency, and in this connection may inquire
and .onsult, among others, with the City at any time.
Section 13. This Agreement is between the City and the
Escrow Agent only and in connection therewith the Escrow Agent
is authorized by the City to rely upon the representations, both
actual and implied, of the City in connection with this Agree-
ment and the Federal Securities, and the Escrow Agent shall not
be liable to any person in any manner for such reliance. The
duty of the Escrow Agent hereunder shall only be to the City and
the owners of the outstanding Bonds. Neither the City nor the
Escrow Agent shall assign or attempt to assign or transfer their
interest hereunder or any part hereof. Any such assignment or
attempted assignment shall be in direct conflict with this Agree-
ment and without effect.
Section 14. The Escrow Agent may act upon any written
notice, request, waiver, consent, certificate, receipt,
authorization, power of attorney, or other instrument or docu-
ment which the Escrow Agent in good faith believes to be
genuine and to be what it purports to be.
Section 15. Any notice, authorization, request, or demand
required or permitted to be given hereunder to either party
shall be in writing and shall be deemed to have been duly given
when mailed to the appropriate party by registered or certified
mail, postage prepaid addressed as follows:
City of Denton, Texas
215 E. McKinney Street
Denton, Texas 76201, or
First National Bank in Dallas
c/o Corporate Services Department
1401 Elm Street
Dallas, Texas 75283
The United States Post Office registered or certified mail re-
ceipt showing delivery of the aforesaid shall be conclusive
evidence of the date and fact of delivery. Any party hereto
may change the aadress to which notices are to be delivered by
giving to the other parties not less than ten (10) days prior
notice thereof.
Section 16. Whenever under the terms of this Agreement
the performance date of any provision hereof shall fall on a
day which is not a legal banking day, and upon which the Escrow
Agent is not open for business, the performancegthereof on the
next succeeding business day of Escrow Agent shall be deemed
to be in full compliance. Whenever time is referred to in this
Agreement it shall be the time recognized by Escrow Agent in
the ordinary conduct of its normal business transactions.
Section 17. Time shall be of the essence in the perfor-
mance of obligations from time to time imposed upon the Escrow
Agent by this Agreement.
-10-
Section 18. This Agreement shall inure to-the benefit of
i
and be binding upon the parties hereto and their respective
personal representatives, successors, and assigns.
Section 19. The Escrow Agent hereby acknowledges that
it has received, and will retain out of the Bond Proceeds de-
posited into the Escrow Fund, as a reasonable and proper cost
of issuance of the Bonds (administrative costs), the sum of
$38,908.00,which is a lump-sum amount which will compensate
it for, and has been determined to be equal to the present
value of, all of its services and expenses as Escrow Agent,
throughout the term of this Agreement; and it is agreed and
understood that no additional moneys will be due the Escrow
Agent or the First State Bank of Denton for any of its or their
services, costs, charges.and expenses in connection with this
Agreement, the Outstanding Bonds and the Federal Securities.
Section 20, In the event any Outstanding Bond shall not
be presented for payment when the principal thereof becomeE
due, either at maturity, at the date fixed for redemption there-
of, or otherwise, or in the event any coupon appertaining to any
such bond shall not be presented for payment at the due date
thereof, it shall be the duty of the Escrow Agent to hold funds
surficient to pay such bond or coupon, without liability for
interest thereon, for the benefit of the owner of such bond or
coupon, as the case may be, who shall thereafter be restricted
exclusively to such funds for any claim of whatever nature on
his part with respect to such bond or coupon; provided that any
frids which shall be so held by the Escrow Agent and which re-
main unclaimed by the owner of the bond or coupon not presented
for payment for a period of four years after the date on which
such bond or coupon shall have become payable shall, to the
-11-
extent permitted by law, upon request in writing by the City,
be paid to the City and thereafter the owner of such bond or
coupon shall look only to the City for payment, without any
interest thereon, and the Escrow Agent shall have no responsi-
bility with respect to such moneys.
Section 21. In case at any time the Escrow Agent or its
legal successor or successors should become unable, through
operation of law or otherwise, to act as Escrow Agent, or if
its property and affairs shall be taken under the control of
any state or federal court or administrative body because of
insolvency or bankruptcy or for any other reason, a vacancy
shall forthwith and ipso facto exist in the office of Escrow
Agent, and the City, by an instrument authorized by resolu-
tion of its City Council, shall appoint an Escrow Agent to
fill such vacancy. After any appointment by the City, it shall
cause notice of such appointment to be published at least once
a week for two consecutive calendar ~:eeks in a financial pub-
lication of general circulation published in The City of New
York, New York. If no successor Escrow Agent shall have been
appointed by the City within 60 days, a successor may be ap-
pointed by the owners of a majority in principal amount of the
Outstanding Bonds then outstanding by an instrument or instru-
ments in writing filed with the City Manager of the City, signed
by such owners or by their duly authorized attorneys-in-fact.
If, in a proper case, no appointment of a successor Escrow Agent
shall be made pursuant to the foregoing provisions of this
Section within three months after a vacancy shall have occurred,
the owner of any outstanding Bond may apply to any court of
competent jurisdiction to appoint a successor Escrow Agent.
Such court may thereupon, after such notice, if any, as it may
deem proper, prescribe and appoint a successor Escrow Agent.
.12-
Every successor Escrow Agent appointed in pursuance of the
provisions of this Section shall be a corporation or a national
bank authorized to exercise corporate trust powers, having a
combined capital and surplus of at least $25,000,000, if there
be such a trust corporation or national bank willing and able
to accept the duties of Escrow Agent on reasonable and custom-
ary terms.
IN WITNESS WHEREOF, the City has caused this Agreement to
be executed in multiple counterparts (each of which shall be
deemed an original) by its Mayor, sealed with its corporate
seal, and attested by its City Secretary, and First National
Bank in Dallas, Dallas, Texas, has caused this Agreement to be
executed in multiple counterparts (each of which shall be deemed
an original) by one of its Assistant Vice Presidents, sealed
with its corporate seal, and attested by one of its Assistant
Cashiers, all as of the date and year first above written.
s
CITY OF DENTON, TEXAS
By
Mayor
ATTEST:
City Sec' dtary
(CITY SEAL)
FIRST NATIONAL BANK IN DALLAS.
Dallas, Texas
By
Assistant Vice-President
ATTEST:
Assistant Cashier
(BANK SEAL)
-13-
I
I
EXHIBIT A /
PLATE III
CITY OF DENTON TEXAS
SCHEOUCE OF GOVERVE~~TIONS
NECESSARY -MOS
Investment Principal Investment Investment
Maturity Amount Interest Investment Principal
~
Date Invested Rate Interest and Interest
$(3879049.50)(1) $ "(397;6TT.-W(1)
11-01-78 1,0519600 E 387,466.57 10445,066.60
5-01-79 34,400 329,255.51 363,655.51
11-01-79 111741300 329,255.51 194339555.50
5-01-80 10,500 329,255.51 339,755.51
11-01-80 11094,600 329,255.51 1,423,855.50
5-01-81 0 329,255.51 3290255.51
11-01-81 1,069,000 329,255.51 1,398,255.50
5-01-82 0 3299255.51 329,255.51
11-01-82 1,034,300 329,255.51 19363,555.50
5-01-83 0 329,255.51 3290255.51
11-01-83 999,400 3299255.51 1,328,655.50
5-01-84 0 329,255.51 329,255.51
11-01-84 9699200 3.108% 329,255.51 1,298,455.50
5-01•-85 0 0.000% 314,194.14 314,194.14
11-01-85 8169700 7.650% 3149194.14 1,130,894.10
5-01-86 0 0.000% 282,955.37 2829955.37
11-01-86 8519000 7.680% 282,955.37 1,1339955.40
5-01-87 0 0.000% 250,276.97 250,276.97
11-01-87 8939500 7.710% 250,276.97 1,1439777.00
5-01-88 0 0.000% 215,832.54 215,832.54
11-01-88 932,400 7.730% 215,832.54 1,148,232.50
5-01-89 0 0.000% 179,795.28 179,795.28
11-01-89 9299300 7.760% 179,795.28 1,1099095.30
5-01-90 0 0.000% 143,738.44 143,738.44
11-01-90 9779200 7.780% 1439738.44 19120,938.40
5-01-91 0 0.000% 1059725.36 1050725:36
11-01-91 393,100 7.800% 105,725.36 498,825.36
5-01-92 0 0.000% 90,394.46 90,394.46
11-01-92 3979500 ?.810% 1 90,394.46 4879894.46
5-01.93 0 0.000% 74,872.09 749872.09
11-01-93 402,300 7.840% 749872.09 4779172.09
5-01-94 0 0.000% 59,101.93 59,101.93
11-01-94 4109200 7.850% 59,101.93 469,301.93
5-01-95 0 0.000% 430001.58 43,001.58
11-01-95 4219500 7.870% 43,001.58 464$01.57
5-01-96 0 0.000% 26,415.55 269415.55
11-01-96 294,000 7.880% 26,415.55 320,415.55
5-01-97 0 0.000% 14,831.95 149831.95
11-01-97 302,400 7.900% 14,831.95 317,231.95
5-01-98 0 0.000% 21887.15 21887.15
11-01-98 73,000 7.910% 2,887.15 75,887.15
TOTAL $15,467,400 $7,946,578.30 523,413,918.00
Note (1) $387,049.50 will be put in Escrow in cash from Bond proceeds to pay
interest on outstanding Bonds on 5-1-78.
A-1
e. ,
Forim f'p elee auoas.nrr rwrv run runt,nNac Nrvv raJUC tar
0401
1 (.e, of :no . Bar of r (ne r"o 4 ue
or U.S. TREASURY SECURITIES -
--(Rev. h.WV 19711 STATE AND LOCAL GOVERNMENT SERIES a
To: Federal Reserve Bank or Branch al _ Dallas, Texas
1. Pursuant to the provisions of Department of the Treasury Circular, PuDlrc Debt Series No. 3.72, current revision, the underugned
hereby subscribes for the purchase of the following securities.
a. ® United States Treasury Certificates of Indebtedness - State and Local Government Series
ISCHEDULE 1) I 057,600.00
TOTAL AMOUNT 5
b. ® United Stales Treasury Notes - State and Local Government Series
ISCHEDULE 4
TOTAL AMOUNT S 8,876,900.00
e. United States Treasury Bonds - State and Local Government Series
iSCHEDULE31 5,5329900.00
TOTAL AMOUNT 5 _
GRAND TOTAL S 15,467,400.00
AS described on the attached schedutes, which are incorporated by reference to this subscription, to be used as entries on the
books of the Bureau of the Public Debt, Department of the Treasury.
2. The undersigned certifies that the total investment (1) consists only of the proceeds of obliQaUons described in Section 103(x)
of the Internal Revenue Code, and (2) is not more not less, within auN(on:ed mull.ples ($1.000 minimum and wounicnts of
$100 over such amount) , direCtfy subject to yield restrictions under Section 103(c) of the Code, ann she regulaf.ons I7elf
thereunder, except for any portion thereof required for a payment due Iess than 45 days from the (file settlement v matte for
the securities suoscribed for.
3. The undersigned requests that book-entry accounts be estabtished for:
Name or owner City of Denton, Texas
4. The undersigned:
a. 0 submits payment in full herewith for the above securities, as shown below,
b. T requests that issuance be deterred until Ma rCh 30 9 1978 (not to exceed by more than 60 days the date an
which this subscription is received at a Federal Reserve Sank or Branch or, where mailed, by the stamp date appearing on the
registered or certified mad envelope in which it is received), and agrees to make payment on that date.
5. The undersigned further Certifies that the following offrhal(s), by title(s), are authorized. subject to the provisions 01 the above
circular, to request redemption prior to maturity of the se Cur.t'es (if no one has been so authorized, enter the ww(s "nmor")
Dated this 22nd day or March S978 City of Denton, Texas
(Name of state or Local cld,ermInedl Bodvl
(817) 382-9601 By City Manager_
(Il....... I, i, 1, ,l I` I'11 I, .'I
FOR USE BY SANK IN TRANSMITTING PAYMENT FOR ABOVE SECURITY
• (Tha issue date of the account wilt be the date specified in this subscription, provided PayLment therefor .1 in readily avarlaDle funds
is received herewith or within the time limitation specified ahca, WhereF~rstntdst7 bmi I1edseop ratny'Ua1 I ul be accomganled
by a coDY of this subscription.) Name of Institution . an i as
Q Check enclosed
W Charge our reserve sic on 3-30-73 City Dallas State Texas
C3 Other tones Autnalaed signature and talc
FOR USE OF FEDERAL RESERVE BANK
ACCOUNT NUMBERS Applicable !merest Issue Date Date credited to Treas.
C OF I'S: From: Through: Rate Table No. Acct. (cann01 be subse•
quent to Issue Date)
NOTES: From: Through:
BONGS: From. Through.
FOR USE OF THE DIVISION OF SECURITIES OPERATIONS
A"lo,ea
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EXHIBIT B
PLATE II
CITY OF DENTON, TEXAS
CONSOLIDATED DEBT SERVICE REQUIREMENTS
JUTSTANDING ELECTRIC LIGHT AND POWER SYSTEM REVENUE BONDS
SEMI-ANNUAL REQUIRMENTS
Payment
Period Principal Interest Total
1-18 387,0 9.50 $ 387,0497T
11-1-78 $ 1,053,000 387,049.50 1,4459049.50
5-1-79 363,587.75 363,587.75
11-1-79 1,0701000 363,587.75 1,433,587.75
5-1-80 339,782.75 339,782.75
11-1-80 1,084,000 3399782.75 1,4231782.75
5-1-81 315,152.50 315,752.50
11-1-81 120961000 315,752.50 1,411,752.50
5-1-82 291,429.00 2919429.00
11-1-82 191101000 291,429.00 11401,429.00
5-1-83 266,942.75 2669942.75
11-1-83 1,124,000 266,942.75 113909942.75
5-1-84 2429351.25 242,351.25
11-1-84 1,143,000 242,351.25 19385,351.25
5-1-85 221,548.25 221,548.25
11-1-85 19002,000 221,548.25 19223,548.25
5-1-86 198,448.75 198,44P.75
11-1-86 1,0209000 1986448.75 1,218,448.75
6.1-87 174,493.75 174,493.75
11-1-87 1,0451000 174,493.75 112199493.75
5-1-88 149,543.75 149,543.15
11-1-88 11065,000 149,543.75 1,214,543.75
5-1-89 124,440.00 124,440.00
11-1-89 19040,000 124,440.^A 19164,440.00
5-1-90 99,875.OU 99,875.00
11-1-90 1,065,000 999875.00 191649875.00
5-1-91 74,737.50 74,737.50
11-1-91 455,000 74,737.50 529,737.50
5-1-92 61,657.50 61,667.50
11-1-92 455,000 619667.50 516,667.50
5-1-93 48,525.00 489525.00
411-1-93 455,000 48,525.00 503,525.00
5-1-94 36,675.00 369675.00
11-1-94 455,000 36,615.00 4919675.00
5-1-95 26,287.50 26,287.50
11-1-95 455,000 269287.50 481,287.50
5-1-96 151862.50 15,862.50
11-1.96 315,000 15,862.50 330,862.50
5.1-97 8,550.00 81550.00
11-1-97 315,000 89550.00 323,550.00
5-1.98 1,875.00 11875.00
11-1-98 75,000 1,875.00 76,875.00
$16,902,000 $6,898,850.00 $23,8009850.00
1
1
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. , e J
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c- .
CERTIFICATE FOR
RESOLUTION AUTI(ORI'LING EXECUTION OF A
TRUSTEE AGREEMENT
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
i
We, the undersigned officers of said City, hereby certify
as follows:
1. The City Council of said City convened in
REGULAR MEETING ON THE 21ST DAY OF MARCH, 1978,
at the Municipal Building (City Hall), and the roll was called
of the duly constituted officers and members of said City
Council, to-wit:
Brooks Holt, City Secretary Elinor Hughes, Mayor
Bill Nash Dick Stewart
Joe Mitchell Mary Claude Gay
anO all of said persons were present, except the following
absentees: ,
thus constituting a quorum. Whereupon, among other usiness,
the following was transacted at said Meeting: a written
RESOLUTION AUTHORIZING EXECUTION OF A
TRUSTEE AGREEMENT
was duly introduced for the consideration of said City Council
and read in full. It was then duly moved and seconded that
said Resolution be adopted; and, after due discussion, said mo-
tion, carrying with it the adoption of said Resolution, pre-
vailed and carried b• the following vote:
AYES, All members of said City Council
shown pr ent above voted "Aye".
NOES: None.
2. That a true, full, and correct copy of the aforesaid
Resolution adopted at the Meeting described in the above and
foregoing paragraph is attached to and follows this Certificates
that said Resolution has been duly recorded in said City Coun-
cil's minutes of said Meeting; that the above and foregoing
paragrapa is a true, full, and correct excerpt from said City
Council': minutes of said Meeting pertaining to the adoption
of said Resolution; 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 i~.;dicated therein;
that each of the officers and members of said City Council was
duly and sufficiently notified officially and personally, in
advance, of the time, place, and purpose of the aforesaid Meet-
ing, and that said Resolution would be introduced and consider-
ed for adoption 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 Meeting was open to the public,
and public notice of the time, place, and purpose of said Mdet-
ing was given, all as required by Vernon's Ann. Civ. St.
Arti-l 6252-17.
3. That the Mayor of said City has approved, and hereby
approves, the aforesaid Resolution; that the Mayor and the
City Secretary of said. City have duly signed said Resolution;
and that the Mayor and the City Secretary of said City hereby
declare that their signing of this Certificate shall consti-
tute the signing of the attached and following copy of said
Resolution for all purposes.
SI NED AND SEAL D the 21st day of March, 1978.
City Secretary Mayo C)
(SEAL)
1
RESOLUTIOt7
AUTHORIZING EXECUTION OF A TRUSTEE AGREEMENT
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
WHEREAS, it is necessary and advisable that the City
enter into the Trustee Agreement hereinafter authorized with
The Fort worth National Bank, Fort Worth, Texas.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF DENTON, TEXAS:
Section 1. That the Mayor and City Secretary are author-
ized and directed, for and on behalf of the City, to date, sign,
and seal, and otherwise execute a Trustee Agreement in sub-
stantially the form and substance attached hereto and made a
part hereof for all purposes.
Section 2. That, upon execution, said Trustee Agreement
shall be binding upon the City for all purposes.
Section 3. That the City Council hereby approves the pay-
ment of the costs and expenses of the issuance of the City of
Denton Electric.system Revenue Refunding Bonds, Series '6978,
dated March 15, 1978, in the principal amount of $19,255,000
set forth in Exhibit B to said Trustee Agreement, and directs
that said amounts be paid to the respective parties set forth
in said Exhibit D in accordance with the terms of said Trustee
Agreement.
TRUSTEE AGREEMENT
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
THIS TRUSTEE AGREEMENT (the "Agreement") dated the 30th
day of March, 1978, made by and among the City of Denton (the
"City"), in Denton County, Texas, a city duly incorporated and
functioning under the laws of the Stata of Texas and its Home
Rule Charter, and which is authorized to issue bonds under the
provisions of Vernon's Ann. Tex. Civ. St. Art. 1118n-12 (the
"Act"), and The Fort Worth National Bank, Fort Worth, Texas, a
national banking association, organized and existing under the
laws of the United States of America, having its principal
office in the City of Fort Worth, in Tarrant County, Texas (the
"Trustee"):
W I T N E S S E T H:
WHEREAS, by a bond ordinance passed on March 21, 1978, the
City Council of the City duly- authorized the issuance, sale,
and delivery of an issue of refunding bonds, to-wit:
City of Denton Electric System Revenue Refunding
Bonds, Series 1978, dated March 15, 1978, in the
principal amount of $19,255,000 (the "Bonds"),
authorized by an ordinance hereinafter called the
"Bond ordinance", a certified copy of which has
been filed with the Trustee; and
WHEREAS, the City has made arrangements for the Trustee to
purchase "Reserve Fund Securities" and "Contingency Fund
Securities", all as hereirafter defined, with pare of the pro-
ceeds from the sale and delivery of the Bonds; and
-1-
WHEREAS, the Trustee is a commercial bank which is e_ qual-
ified depository and which possesses and is exercising full
trust powers and is otherwise qualified and empowered to enter
into this Agreement.
NOW, THEREFORE, in consideration of the mutual Agreements
herein contained and the sum duly paid by the City to the
Trustee hereunder, the parties hereto mutually undertake,
promise, and agree for themselves, their respective represen-
tatives, successors, and assigns, as follows:
Section 1. (a) The Trustee represents and acknowledges that,
concurrently with the execution of this Agreement, First
National Bank in Dallas, Dallas, Texas, as Escrow Agent under
that certain Special Escrow Fund Agreement dated the 30th day of
March, 1978, between the City and said bank, relating to the
de£easance of tr,: City's outstanding Electric Revenue Bonds, has
transferred to the Trustee, in immediately available Federal
Funds, all of the balance of the proceeds from the sale and
delivery of the Bonds (the "Bond Proceeds") remaining after
setting aside in cash and investing part of said Bond Proceeds
and after setting aside the compensation of the First National
Bank in Dallas, all as described in Sections 1 (b) and 19 of
the Special Escrow Fund Agreement, and the Trustee acknowledges
receipt of such balance in the aggregate principal amount of
$3,048,600.00.
(b) The Trustee further represents and acknowledges that
concurrently with the receipt of the Bond Proceeds described in
(a) above, the Trustee has deposited the accrued interest
attributable to the sale and delivery of the Bonds in the amount
of $43,175.00 to the credit of the Pledged Revenues Fund estab-
lished pursuant to the Bond ordinance.
-2-
i
(c) The Trustee further represents and acknowledges that,
concurrently with the receipt of the Bond Proceeds described in
(a) above, the Trustee has used part of said deposit to purchase,
on behalf and for the account of the City, from the United States
Treasury, certain interest bearing United States Treasury Certi-
ficates, Plotes, and Bonds - State and Local Government Series,
which are direct obligations of the United States of America
(non-callable by the obligor), in book-entry `_orm, in the aggre-
gate principal or par amount of $2,250,000 (the "Reserve Fund
Securities"), by payment of said principal or par amount to the
Federal Reserve Bank at Dallas, Dallas, Texas; and that the
Trustee has received book-entry cerdit for the Reserve Fund
Securities from the Federal Reserve Bank at Dallas, and has
credited the Reserve Fund Securities, (which are described in
Exhibit A which is attached to this Agreement and made a part
hereof) to the credit of the Reserve Fund for the Bonds estab-
lished initially at The Fort Worth National Bank pursuant to
the Bond Ordinance. It is understood that the City shall
administer and use the Reserve Fund, including the Reserve Fund
Securities therein, as provided in the Bond Ordinance.
•
(d) The Trustee further represents and acknowledges that,
concurrently with the receipt of the Bond Proceeds described in
(a) above, the Trustee has used part of said deposit to purchase,
on behalf and for the account of the City, from the United States'
Treasury, certain interest bearing United States Treasury Certi-
ficates, Notes, and Bonds - State and Local Government Series,
which are direct obligations of the United States of America
(non-callable by the obligor), in book-entry form, in the aggre-
gate principal or par amount of $250,000 (the "Contingency Fund
Securities"), by payment of said principal or par amount to tho
-3-
~W
Federal Reserve Bank at Da11as,*Dallas, Texas; 4andathat the
Trustee has received book-entry credit for the Contingency
Fund Securities from the Federal Reserve Bank at Dallas, and
has credited the Contingency Fund Securities (which are de-
scribed in Exhibit A as the $250,000 of United States Treasurv
Bonds maturing in 2007 and designated as the Contingency Fund
Securities) to the credit of the Contingency Fund for the
Bonds established initially at The Fort Worth National Bank
pursuant to the Bond Ordinance. It is understood that the
City shall administer and use the Contingency Fund, including
the Contingency Fund Securities therein, as provided in the
Bond Ordinance.
(e) The Trustee further represents and acknowledges that
concurrently with the receipt of the Bond Proceeds described in
(a) above, the Trustee has paid the costs and expenses of the
issuance of the Bonds (including the Trustee's charges described
in Section 6 hereof) in accordance with the directions of the
resolution adopted by the City Council of the City on March 21,
1978, authorizing the payment of said charges and expenses and
authorizing the execution and delivery of this Agreement. (A
complete description or said costs and expenses is set forth in
Exhibit B which is attached to this Agreement and made a part
hereof).
Section 2. The Trustee shall not be liable or responsible
for any act done or step taken or omitted by it or any mistake
of fact or law or for anything which it may do or refrain from
doing, except for its negligence or its default or failure in
the performance of any obligation f6posed upon it hereunder.
Trustee shall not be responsible is any manner whatsoever for
the recitals or statements contained in the Bonds or any
proceedings taken in connection therewith.
-4-
Section 3. Whenever under the terms of this Agreement
the performance date of any provision hereof shall fall on a
day which is not a legal banking day, and upon which the Truster:
is not open for business, the performance thereof on the next
succeeding business day the Trustee shall be deemed 4_- lie in
full compliance. Whenever time is referred to in this Agreement
it shall be the time recognized by the Trustee in the ordinary
conduct of its normal business transactions.
Section 4. V.me shall be of the essence in the performance
of obligations from time to time imposed upon the Trustee by
this Agreement.
Section S. This Agreement shall inure to the benefit of
and be binding upon the partie3 hereto and their respective
personal representatives, successors, and assigns.
Section 6. The Trustee herebv acknowledges that it has
received and will :etain out of the Bond Proceeds deposited
with it pursuant to Section 1 (a) hereof, as a reasonable and
proper cost of issuance of the Bonds (administrative costs) the
sum of $10,550, and that it has received from the City the sum
of $7,450, for a total amount of $18,000, which is a lump-sum
amount which compensates it for, and has been determined to
be tho present value of, all of its costs, charges, services
and expenses as Trustee in connection with this Agreement.
However, the Trustee's fees as co-paying agent (place of pay-
ment) for the Bonds are not covered by this Agreement.
IN WITNESS WHEREOF, the City has caused this Agreement
to be executed in multiple counterparts (each of which shall be
deemed ran original) by its Mayor, sealed with its corporate
seal, and attested by its City Secretary, and The Fort Worth
National Bank, Fort Worth, Texas, has caused this Av_reeniant to
-5-
•
be executed insmultiple counterparts (each of which shall be
deemed an original) by one of its Vica-Presidents, sesled with
its corporate seal, and attested by one of its Assistant
Cashiers; &11 as of the date and year first above written
CITY OF DENTON, TEXAS
By
Mayor
ATTEST
VL~ City Secretary
(CITY SEAL)
THE FORT WORTH NATIONAL BANK
Fort Worth, Texas
By
Vice-President
ATTEST-
Assistant Cashier
(BANK SEAL)
1 • 1 . 1 1
EXHIBIT A
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A-1
s
Fonts a0 4144 SUBSCRIPTION FO:T PURCHASE AND ISSUE OF
Dew. or me T,tala,v
131 or Ise ol.m.c 01,01 U.S. TREASURY SECURITIES -
lnev, a''s. 1110JI STATE AND LOCAL GOVERNMENT SERIFS
To: Federal Reserve Bank or Blanch at Dallas, Texas
r
1. Pursuant 10 the provisoes of Department of the Treasury Circular, Public Debt Series No. 3•72,current revision. the undlrUgneu
hereby subscribes for the puf0ase of Ire following securities.
a. ❑ United States Treasury Certificates of Indebtedness - State and Local Government Series
(SCHEDULE 11
TOTAL AMOUNTS
b. ® United States Treasury Notes - State and Local Government Series
(SCHEDULE 2) 409,500.00
TOTAL AMOUNT S
e. Q United States Treasury Bonds - State and Local Government Series
ISCHEOULE31 2 090,500,00
TOTAL AMOUNTS
GRANO TOTAL S 215000000.00
as described on the attached Schedules, which are Incorporated by reference to this subscription, to be used as enlues can the
books of the Bureau of the Public Debt, Department of the Treasury.
2, The undersigned Certifies that the total investment (t) consists only of the proceeds of obligations dese,rbed in Section 103(x)
of the Internal Revenue Code, and (2) IS net more nor less, within authorized multiples (SI,000 nummum and increnlc'nls of
$over Such amount(, directly Sublect to yield restrictions under Section t03(c) of the Code, and the reoulahnm isyurd
thereunder, except lot any portion thereof required for a payment due less than 45 days from the dale settlemenl H rnJde 101
the Secuf,l es sunscnbed for,
3. The undersigned requests that boOk•enery accounts be established for:
Name of owner City of Denton, Texas
e
4. The undersigned:
a. Cl submits payment in full herewith for the above securities. is shown below.
b. IA requests that issuance be deferred until March 0. 11.978 (not to exceed by more than 6U days the daft on
which thus Subscription is received at a Federal Reserve Bank or Branch or, where maile4, by the Stamp date appearing on the
registered of certified mail envelope in which it is received), and agrees to make payment on that date.
5. The undersigned further Cerbfres that the following official?%). by title(s), are authorized, subject to the oroviUOns of the above
circular, to request redemption prior to matunly of the secunt es (if no one has been so authorized, enter the wts, d
Dated this- 22rid day of March 19 78 CITY OF DENTON, TEXAS
(Name of SJtf Or LOCI( COV11rllMtnt Ill
(817) 382-9601 By City Manager
I
FOR USE BY BANK IN TRANSMITTING PAYMENT FOR ABOVE SECURITY
(The issue date of the account will be the date specified in this subscription, Provided 4 payment eg N y tth~eerefor in readily available funds
is received herewith or within the time limitation specili above, vYherl., mpOrr ~
t WOrth e alely `eshO Cud be accompanied
by a COPY of this subscription.) Name of Inslrt0c 1r'
O Gheck enclosed
(3 Charge our fal veaicon 3-30-18 Crty Fnrt Worth State TAYAS
O Other IDrtef Aulhonted signature and title
FOR USE OF FEDERAL RESERVE BANK
ACCOUNT NUMBERS Applicable Interest Issue Otte Date Credited to treas.
C OF I'S: From: Through: Rate Table No. Acct, (cannot be subse-
quint to issue Date)
NOTES From: Through:
BONDS: From: Through.
ill USE OF THE DIVISION OF SECURITIES OPERATIONS
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EXHIBIT B
CITY OF DENTON, TEXAS
ELECTRIC SYSTEM REVENUE REFUNDING BONDS, SERIES 1978
COSTS AND EXPENSES OF ISSUANCE
Total
Costs
Legal:
Special Counsel
Messrs. Hayacs Miller $ 19,500
Bond Counsel -
Messrs. McCall, Parkhurst & 187,500
Horton
Accounting:
Alexander Grant & Company 57,000
Custodian and Escrow Agent Fees:
The Fort Worth National Bank
- From Bond Proceeds 52,550
- From the City 71450
Fiscal Agent and Financial Consultant fee
(includes all other expenses):
First Southwest Company 188,874
f
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CERTIFICATE FOR
RESOLUTION AUTHORIZING EXECUTION OF A '
SERIES 14978 RETIREMENT TRUST AGREEMENT
1'HE MATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
We, the uniersigned officers of said City, hereby certify
as follows:
1. The City Council of said city convened in
REGULAR :MEETING ON THE 21ST DAY OF MARCH, 19780
at the Municipal Building (City Hall), and the roll was called
of the duly constituted officers and members of said City
Council, to-wit:
Brooks Folt, City Secretary Elinor Hughes, Mayor
Bill Nash Dick Stewart
Joe Mitchell Mary Claude Gay
and all of said,
Arsons were present, except the following
absentees: ti~ ,
thus constituting a quorum. Whereupon, among other basi- ne ,
the following way, transacted at said Meeting: a written
RESOLUTION AUTHORIZING EXECUTION OF A
SERIFS 1978 RETIREMENT TRUST AGREEMENT
was duly introduced for the consideration of said City Council
and read in full. It was then duly moved and seconded that
said Resolution be adopted; and, after due discussion, said mo-
tion, carrying with it the adoption of said Resolution, pre-
vailed 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
Resolution adopted at the Meeting described in the above and
foregoing paragraph is attached to and follows this Certificate;
that said Resolution has been duly recorded in said City Coun-
cil'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 adoption
of said Resolution; 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 notified officially Etna personally, in
advance, of the time, place, and purpose of the aforesaid Meet-
ing, and that said Resolution would be introduced and consider-
ed for adoption at said Meeting, and each of said officers and
mEmber3 consented, in advance, to the holding of said meeting
for such purpose; and chat said Meeting was open to the prolic,
and public notice of the time, place, and purpose of said Meet-
inq was given, all as required by Vernon's Ann. Civ. St.
Article 6252-17.
3. That the Mayor of said City has approved, and heresy
approves, the aforesaid Resolution; that the Mayor and the
City Secretary of said City have duly signed said Resolution;
and that the Mayor and the City Secretary of said City hereby
declare that their signing cf this Certificate shall consti-
tute the signina of the attached and following copy of raid
Resolution for all purposes.
SIGNED AND SEA.LLD he 21st day of cMarch, 1978.
ty 1ecretary Mayor
(SEAL)
~Mj
f .
RESOLUTION
AUTHORIZING EXECUTION OF A
SERIES 1978 RETIREMENT TRUST AGREEMENT
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
%HEREAS, it is necessary and advisable t:.at the City
enter into the aeries 1978 Re'irement Trust Agreement here-
inafter authorized with The Fort Worth National Bank, Fort
Worth, Texas.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF DENTON, TEXAS:
Section 1. That the Mayor and City Secretary are
authorized and directed, for and on behalf of the City, to
4
date, sign, and seal, and otherwise execute a Series 1978
Retirement Trust Agreement (the "Agreement") in substantially
the form and substance attached hereto and made a part hereof
for all purposes.
Section 2. That the pur~-.hase price of the "Federal
Securities", as defined in the Agreement, shall be determined
as set forth in the preamble to the Agreement at the start of
business on March 30, 1978. Said purchase price shall be
inserted in the proper place in the Agreement and the Mayor
shall, and is authorized to, deliver the Agreement to The
Fort Worth National Bank.
Section 3. That, upon exejution and delivery as pro-
vided above, the Agreement shall be binding upon the City for
all purposes.
+
f . ! 1 f
SERIES 1978 RETIREMENT TRUST AGREEMENT
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
THIL SERIES 1978 RETIREMENT TRUST AGREEMENT (the "Agree-
ment") dated the 30th day of March, 1978, made by and between
the City of Denton (the "City"), in Denton County, Texas, a
city duly incorporated and functioning under the l&ws of the
State of TexeA and its Home Rule Charter, and which is author-
ized tc issue bonds under the provisions of Vernon's ;.nn. Tex.
Civ. St. Art. 1118n-12 (the "Act"), and The Fort Worth National
Bank, Fort Worth. Texas, a national banking association,
organized and existing under the laws of the United States of I
America, having its principal office in the city of Fort Worth,
in Tarrant County, Texas (the "Escrow Agent"):
W I T N E S S E T H:
WHEREAS, by a bond ordinance passed on March 21, 1978f
the City Council of the City duly authorized the issuance,
sale, and delivery of an issue of refunding bonds, to-wit:
City of Denton Electric System Revenue Refunding
3onds, Series 1978, dated March 15, 1978s in the
principal amount of $19,255,000 (the "Bonds"), au-
chorized by an ordinance hereinafter called the
"Bond Ordinance", a certified copy of which has
been filed with the Escrow Agent; and
WHEREAS, it is necessary that this Agreement provide for
the safekeeping and investment of money deposited to the credit
of the Retirement Fund from Pledged Revenues in the Pledged
Revenue Fund, all as defined and provided in the Bond Ordinance,
4
so as to provide funds to insure the payment of the principal
of and interest on the Bonds as the same mature and come duet
and
-1-
1 ~ f T .
h
WHEREAS, the Escrow Agent hereby agrees to provide and
deposit in escrow, and to sell and deliver in installments,
and the City agrees to purchase, as an investment of the Re-
tirement Fund, and to pay for in installments, interest bearing
United States Treasury Bonds, in the aggregate par or principal
set forth in Section 1 (b) of this Agreement, maturing on
Nover.lber 15, 2007, callable on or after November 15, 2002, at
the option of the obligor, at par and accrued interest, and
bearing interest at the rate of 7-7/88 per annum, payable
November 15, 1978 and semiannually on May 15 and November 15
of each year thereafter (the "Federal Securities"), with the
City's installment purchase payments to be made by the City
from the Retirement Fund as hereinafter provided; and
WHEREAS, the purchase price to be paid for the Federal
Securities shall be $ per $100 par or principal amount
of each United States Treasury Bond, plus accrued interest to
the date of each installment delivery to the City, which amount
was determined by taking the current average masked price, not
including accrued interest, from three major dealers in Govern-
ment Securities for United States Treasury Boris maturing on
November 15, 2007, callable on or after November 15, 2002, at
the option of the obligor, and bear'.ng interest at the rate of
7-7/8% per annum, plus $2.00 per $100 par or principal amount
of each such Treasury Bond, which shall be the commission of
the Escrow Agent for providing and selling the Federal Securi-
ties; and
WHEREAS, the Escrow Agent is a commercial tank which is
a qualified depository and which possesses and is exercising
full trust powers, and is otherwise qualified and empowered to
enter into tI..s Agreement.
.2_
NOW, THEREFORE, in consideration of the mutual agree-
ments herein contained and the sums to be duly paid by the
City to the Escrow Agent hereunder, and in order to secure
the payment of the principal of and interest on the Bonds, as
the same shall mature and come due, the parties hereto mutually
undertake, promise, and agree for themselves, their respective
representatives, successors, and assigns, as follows:
Section 1. (a) ':here is hereby created by the City with
the Escrow Agent a special trust fund and sinking fund for the
Bonds, and a separate trust account, designated the "City of
Denton Electric System Revenue Refunding Bonds Series 1978 Retirement
Fund" (the "Retirement Fund"). The Escrow Agent hereby accepts
the Ratirement Fund, to be held in trust, and agrees to deposit
the Federal Securities furnished by the Escrow Agent to the
credit o°. the Retirement Fund concurrently with each install-
ment delivery and payment therefor, as provided in this Agree-
ment. The Escrow Agent cov%%nants and agrees that it will, on
June 1, 1978, and semiannually on each December 1 and June 1
thereafter; through June 1, 1985, deposit with the Escrow Agent
for deposit to the credit of the Retirement Fund a principal
amount of the Federal Securities determined as provided in
Section 1(b). The Escrow Agent shall hold such Federal Secu-i-
ties in trust and for safekeeping in the Retirement Fund. It
is expected by the parties hereto that the principal amounts
maturing on the Federal Securities, and the interest accruing
and coming due on the Federal, becurities, together with other
amounts deposited to the credit of thz Retirement Fund from
the Pledgee' Revenues Fund as required by the Bond Ordtnance,
will assure that money will at all times be available to the
Escrow Agent in amounts sufficient to pay the principal of the
Bonds an the same becomes due, whether at maturity or upon
mandatory redemption, and to pay interest on the Bends as it
accrues and becomes due.
-3-
(b) The City agrees to deposit to the credit of the Re-
tirement Fund, from the Pledged Revenues Fund created by the
Bond Ordinance, on or before June 1, 1978, and semiannually
on or before each December 1 and each June 1 thereafter while
the Bonda are outstanding, the amuunts, respectively, as re-
quirad by Section 16(c) of the Bond Ordinance. The Escrow
Agent shall receive, take, and pay directly to itself on such
June 1 and December 1, in immediately available funds: (i) all
of each such deposit, excepting and after deducting the amount
thereof required to pay the semiannual interest coming due on
the Ponds on each June 1 and December 1, and (ii) all interest
income from the Federal Securities previously deposited in the
Retirement Fund, as an installment payment for an installment
delivery of Federal Securities hereunder; and the Escrow Agent
agrees and Ls hereby unconditional6;, obligated to deliver, con
currentl} with each such installmen• payment, at the purchase
I price fixed as provided in the preamble to this T~greement, the
full ~,rincipal amount of Federal Securities for which each such
installment payment will pay. A schedule showing the exact
.amounts of installment deliveries and installment payments
which shall be made in accordance with the foregoing formula
is attached hereto as Exhibit A. It is agreed and understood
that all of the Federal Securities purchased hereunder from
the Escrow Agent, aggregating $7,912,000 in principal amount,
will have been purchased and deposited in the Retirement Fund
by June 1, 1985. It is further agreed and understood that
thereafter the Escrow Agent will have no further obligation
hereunder to sell additior.al Federal Securities or other
obligations to the City, and All the Federal Securitiea and
the interest income therefrom shall be used exclusively, to-
gether with deposits made to the credit of the Retirement Fund
as required by the Bond Ordinance, to secure and pay the semi-
annual interest and principal payments of the Bonds, including
the redemption of the Bonds through mandatory redemption.
-4-
w
(c) Title to and custody of the Federal Securities,
and the right to all interest income therefrom, shall be and
remain in the Escrow Agent until delivery and payment has been
made therefor in accordance herewith. However, upon each in-
stallment payment for any Federal Securities, title to such
Federal Securities purchased in installments and deposited in
the Retirement Fund, and the right to all interest income there-
from shall pass to the City for the i-enefit of the owners of
the Bonds, as trust beneficiaries, and the Escrow Agent shall
have no further rights thereto, except that the interest in-
come therefrom shall constitute part of the installment payment
for the next installment delivery of the Federal Securities as
provided above. The Escrow Agent shall be entitled to payment
for the Federal Securities solely from the deposits made to the
credit of the Retirement Fund from the Pledged Revenues Fund,
and from the interest income from the Federal Securities there-
tofore deposited to the credit of the Retirement Fund, and shall
not be entitled to payment from any other source. No prohibit-
ed debt is created hereby, and neither the full faith and credit
of the City nor any of its funds, other than money required to
be deposited from the Pledged Revenues Fund and the interest
income from the Federal Securities in the Retirement Fund, are
committed to such payments. In the event that the City fails
timely to make any deposit to the credit of the Retirement Fund
from the Pledged Revenues Fund as required by the Bond Ordinance,
so as to prevent any installment payment for the Federal Securi-
ties from being made as provided herein, it shall constitute a
default hereunder, and after 30 days notice in writing to the
City, the Escrow Agent, may, at its option, cancel its obliga-
tion to deliver the remaining undelivered Federal Securities
r
under this Agreement. However, the Federal Securities previous-
ly deposited in the Retirement Fund shall not be affer,.ted by
any such default and the remainder of this Agreement shall
-5-
remain in effect for the benefit of the owners of the Bonds.
Nevertheless, the Escrow Agent shall have the right to use
all available legal and equitable reredies, including, but
not limited to, mandamus proceedings, to enforce the obliga-
tion of the City to make the required deposits from the Pledg-
ed Revenues Fund to the credit of the Retirement Fund, as re-
quired by the Bond Ordinance, and/or to sue the City for dam-
ages as a result of any default hereunder.
(d) In the event that the Escrow Agent fails timely to
make any installment sale and delivery of Federal Sepurities
upon the City's making t-he required deposits from the Pledged
Revenues Fund to the credit of the Retirement Fund as provid-
ed herein, it shall constitute a default hereunder, and after
30 days notice in writing to the Escrow Agent, the City, may,
at its option, cancel its obligation to purchase the remain-
ing undelivered Federal Securities under this Agreement. How-
ever, the Federal Securities previously depositred in the Re-
tirement Fund shall not be affected by any such default and
the remainder of this Agreement shall remain in effect for the
benefit of the owners of the Bonds. Nevertheless, the City
shall have the right to use all available legal and equitable
remedies to enforce the obligation of the Escrow Agent to sell
and deliver the Federal Securities as required hereunder,
and/or to sue the Escrow Agent for damag~-a as a result of any
default hereunder. Should the Escrow Agent fail to fulfill its
obligation hereunder to sell and deliver the Federal Securities,
it shall continue to administer the Retirement Pund as trustee
and escrowee hereunder. In such case, the Escrow Agent shall
invest the money in the Retirement Fund in such manner as shall
be directed by the City from time to time in writings provided,
however, that it is understood that such money may be invested
only in "Government Obligations", as defined in the Bond Or-
dinance, which also shall constitute "Federal Securities" with-
in '-he meaning :)f this Agreement.
-G-
(e) The Escrow Agent shall hold the Federal Securities
deposited in the Retirement Fund for safekeeping and neither
the City, or the Escrow Agent shall in any way hypothecate,
pledge, or otherwise use or encumber the Federal Securities
in the Retirement Fund in any manner which could or would in-
terfere with the p,rformance of their obligations hereunder.
Section 2. The Escrow Agent shall hold the Federal Secur-
ities and money in the Retirement Fund at all times as a special
and separate trust fund for the benefit of the City and the
owners of the Bonds, wholly segregated from other funds and se-
curities on deposit with it, shy=.i1 never commingle such Federal
Securities and money with other funds or securities owned or
held by it, and shall never at any time use, loan, hypothecate,
or borrow the same in any way other than as provided in this
Agreement. The special accounts in the Retirement Fund for the
Federal Securities shall at all times be maintained on the
books of the Escrow Agent as required by this Agreement.
Section 3. The Escrow Agent shall from time to time col-,
lect and receive the interest as it accrues and comes due on
the Federal Securities and the principal thereof as it matures,
so that the proceeds of the Federal Securities will be avail-
able, together with the deposits from the Pledged Revenues
Fund as provided herein, to pay the principal of and interest
on the Bonds as the same mat,re and come due, or to redeem the
Bonds prior to maturity, either upon mandatory redemption or
at the option of the City in accordance with the Bond Ordi-
nance. It is specifically covenanted and agreed that the
Federal Securities in the Retirement Fund will not be sold
until all then outstanding Bonds are subject to redemption
prior to maturity, at the option of the City, and shall be
sold by the Escrow Agent upon the direction of the City to re-
deem such Bonds prior to maturity only if the purchase price
available therefrom, together with any other funds deposited
-7-
1
1
I • I
I
by the City with the Escrow Agent for said specific purpose,
are sufficient to pay the redemption price of all the out-
standing Bonds. If for any reason (other than the Escrow
Agent's own negligence or default hereunder) the amount: on hand
in the Retirement Fund shall be insufficient to make such pay-
mentai as they come due and payable, the City shall timely de-
posit in the Retirement Fund, from any lawfully available funds
of the City, such additional amounts as may be required to meet
fully the amount so about to come due and payable. Notice of
such insufficiency immediately shall be given to the City by the
Escrow Agent, but the Escrow Agent shall in no manner be re-
sponsible for the City's failure to make such additional de-
posits.
Section 4. Money deposited to the credit of the Retire-
ment Fund from the Pledged Revenues Fund shall be invested
only in the Federal Securities, and the interest earnings and
income from the Federal SecuriLl.a shall not be investe%. or
reinvested by the Escrow Agent, except as part of the install-
ment payments for the Federal Securities as provided above.
The Escrow Agent shall maintain the Retirement Fund until the
date upon which the Bonds are fully paid as to prim ipal and
interest, whereupon the Escrow Agent shall sell or redeem any
remaining Federal Securities and shall remit to the City the
proceeds thereof, together with all other money, if any, then
remaining in the Retirement Fund.
Section 5. The Escrow Agent shall continuously secure
all uninvested money in the Escrow Fund with direct obliga-
tions of the United States of America having market value at
least equal to said uninvested money.
-e-
Section 6. The Escrow Agent shall not be lisrle nr re-
sponsible for any loss resulting from any investment made in
the Federal Securities.
Section 7. The Federal Securities in the Retirement Fund
and all interest due therefrom, and all money in the Retirement
Fund shall be and remain the property of, the Retirement Fu,,^,d,
until disposed of as herein provided, and the owners of the
Bonds shall be entitled to the preferred claim, and shall have
the first lien, upon such Federal Securities, the amounts due
therefrom, and money, enjoyed by a trust beneficiary. The
amounts received by the Escrow Agent under this Agreement
shall not be considered as a banking deposit by the City, and
the Escrow Agent shall have no right or title with respect
thereto except as trustee and escrowe4 hereunder; provided
that all installment payments made for the purchase of Federal
Securities as provided above shall be and remain the property
of the Escrow Agent or other se]l,ar, as the case may be. The
Retirement Fund shall not be subject to checks or drafts drawn
by the City.
Section g, The Escrow Agent, as a paying agent (place of
payment) for the Bonds shall, from time to time, as necessary,
provide for the payment, when due, of the principal of and
interest on the Bonds on each interest ani principal payment
data for the Bonds, and on the date or dates of redemption of
the bonds prior to maturity. The Escrow Agent is obligated
only to use the' principal amounts maturing and the interest
accruing and payal5le on the Federal Securities in the Retire-
ment Fund, together with other funds deposited to the credit
of the Retirement Fund from the Pledged Revenues Fund, for
such purposes, as provided in this Agreement. Also the Escrow
Agent shall make such amounts available to the First Stata
Bank of Denton, Denton, Texas, the other paying agent (place
of payment) for the Bonds, as are necessary to pay, when due,
-9-
the principal of and interest on the Bonds which are present-
ed for payment at the First State Bank of Denton so that no.
default will occur in the prompt and timely payment of such
amounts when due. The Escrow Agent shall destroy all paid
Bonds, and all paid interest coupons appertaining thereto,
and shall furnish the City with an appropriate certificate of
cancellation or destruction.
Section 9. Tha principal of and interest coupon:, on the
Bonds shall be paid by the Escrow Agent to the respective
bearers thereof in accordance with the provisions thereof,
in the following manner:
Interest
R
Interest coupons coming due on December 11 1978, and
semiannually thereafter on each June 1 and December 1
shall be paid until each of the Bonds matures or is
redeemed pri-,r to maturity, or is purchased and can-
called by the City or the Escrow Agent.
Principal
Principal shall be paid on the Bonds as the Bonds
mature or are reueemed prior to maturity as required
or permitted by the Bond ordinance, or as they are
purchased and cancelled by the City or the Escrow
Agent.
Reference is hereby made to Section 6 of the Bend Ordinance
and the mandatory redemption provisions and requirements set
forth in the FORM OF B0140 and in each of the printed Bonds.
The Escrow Agent covenants and agrees t'zat it will, on behalf
of and as trustee and agent for the City, choose at random,
by lot or othar customary method, the particular numbers of
the Bonds aggregating the principal amount required to be re-
deemed prior to maturity on the respective dates upon which
such mandatory redemption is required, and that it will pre-
pare and cause to be published the required notice of re-
demption therefor within the time limits and in the manner
prescribed in said FrjR1l OF BOND so as to cause such 13onds to
-10-
bo redeemed on the required specified dates, respectively,
with fu,ids available from the Retirement Find.
Section 10. Promptly after June 11 1978, and semi-
annually pz-jmptly after each December 1 and June 1 thereafver
so long as the Escrow Fund is maintained under this Agreemer%;.
the Escrow Agaat shall forward by letter to the City, to the
attention of the City Manager of the City, a statement in de-
tail of the Federal Securities and any money held in the Re-
tirement Fund, and withdrawals of money from the Retirement
Fund for the preceding six-month period.
Section 11. The Escrow Agent shall rot be liable
or responsible for any act done or step taken or omitted by
it or any mistake of fact or law or for anything which it may
do or refrain from doing, except for its negligence, or its
default, or failure in the performance of any obligation
imposed upon it hereunder. The Escrow Agent shall not be re-
sponsible in any manner whatsoever for the recitals or state-
ments contained in the Bonds, or any proceedings taken in con-
nection therewith.
Section 12. The Escrow Agent shall have no responsibility
to any persona in connection herewith except those specifically
provided herein and shall not be responsible for anything done
or omitted to be done by it except for its own negligence or
default in the performance of any obligation imposed on it
hereunder. The Escrow Agent, except as herein specifically
provided for, is not a party to, nor is it bound by nor need
it give consideration to tha =terms or provisions of any other
agreement or undertaking hotweon the City and other persons,
or any a,ireement or undertaking which may be evidenced by or
disclosel by any items included among the deposited property,
snd the Escrow Agent assents ..i and is to give consideration
only to the terms and provis?tons of this Agreement. Unless
-11- fJ
• • 1
it is specifically otherwise provided herein, Escrow Agent has
no duty to determine or inquire intb.) the hr?peeing or occurrence
of and event or contingency or the performance or failure of
performance of the City with respect to arrangements or con-
tracts with others, with the Escrow Agent's sole duty hereunder
being to safeguard the Escrow Fund and to dispose of and deliver
the same in accordance with this Agreement. If, however, the
Escrow Agent is called upon by the terms of this Agreement to
determine the occurrence of any event or contingency, the
Escrow Agent shall be obligated, in making such determination,
only to exercise reasonable care and*dil.igence, and in event
of error in making such determination the Escrow Agent shall
be liable only for its own misconduct or its negligence. In
determining the occurrence of any such event or contingency
the Escrow Agent may request from the City or any other person
such reasonable additional evidence as the Escrow Agent in
its discretion may deem necessary to determine any fact re-
lating to the occurrence of such event or contingency, and
in this connection may inquire and consult, among others, with
the City at auy time.
Section 13. This Agreement is between the City, and the
Escrow ikg,ent only, and in connection therewith the parties
hereto are authorized to rely upon the representations, both
actual and implied, made to each other in connection with this
Agreement and the Federal Securities. The duty of the Escrow
Agent hereunder shall only be to the City and the owners of the
Bonds. Neither the City nor the Escrow Agent shall assign or
attempt to assign or transfer their interest hereunder or any
part hereof. Any such assignment or attempted assignment shall
be in direct conflict with this Agreement and without effect.
-12-
Section 14. The Escrow Agent r,ay act upon any written
notice, request, waiver, consent, certificate, receipt, au-
thorization, power of attorney, or other instrument or docu-
ment which the Escrow Agent in good faith believes to be
genuine and to be what it purports to be.
Section 15. Any notice,- authorization, request, or demand
required or permitted to be given hereunder to any party here-
to shall be in writing and shall be deemed to have been duly
given when mailed to the appropriate party by registered or
certified mail, postage prepaid addressed as follows:
City of Denton, Texas
215 Z. McKinney Street
Denton, Texas 76201, or
The Fort Worth National Bank
.500 Throckmorton Street
Fort Worth, Texas 76102
The United States Post Office registered or certified mail re-
ceipt showing delivery of the aforesaid shall. to conclusive
evidence of the date and fact of delivery. Any party hereto
may change the address to which notices are to be delivered
by giving to the other part4.es not less than ten (10) days
prior notice thereof.
Section 16. Whenever under the terms of this Agreement
the performance date of any provision hereof shall fall on a
day which is not a legal banking day, and upon which the Escrow
Agent is not open for business, the performance thereof on the
t
next succeeding business day of Escrow Agent shall be deemed
to be in full compliance. Whenever time is referred to in this
Agreement it shall be the time recognized by Escrow Agent in
the ordinary conduct of its normal business transactions.
Section 17. Time shall be of the essence in the perfor-
mance of obligations from time'to time imposed upon the Escrow
Agent by this Agreement..
-13-
1
Section U. This Agreement hall inure to the benefit
of and be binding lpon the parties hereto and their respective
personal representatives, successors, and assigns.
Section 19. The Escrow Agent hereby acknowledges that it
will receive and retain out of proceeds from the sale of the
Bonds, as reasonable and proper costs of issuance of the Bonds
(administrative costs), (a) the sum of $32,000, which is a
lumpsum amount which will compensate it for, and has been
determined to be equal to the present value of the costs,
charges, and expenses of the paying agents (places of payment)
for the Bonds (which are the Escrow Agent and the First State
Bank of Denton) throughout the term of this Agreement, and (b)'
the sum of $10,000, which is a lumpsum amount which will com-
pensate it for, and has been determined to be equal to the
present value of its services and expenses as Trustee and
Escrow Agent under and throughout the term or this Agreement,
and it is agreed and understood that no additional moneys will
be due the Escrow Agent or the First State Bank of Denton for
any such services, costs, charges, and expenses; provided,
however, that such sum does not include the commission to be
paid to the Escrow Agent, for the purchase of the Federal
Securities. Such payments shall not be deposited in or be a
part of the Retirement Fund.
Sectioa 20. In the event any Bond shall not be presented
,or payment when the principal thereof becomes due, either at
maturity, at the date fixed for redemption thereof, or other-
wise, or in the event any coupon appertaining to any such
Bond shall not be presented for payment at the due date
thereof, it shall be tine duty of tho Escrow Agent to hold
funds sufflcienc to pay such bond or coupon, without liat.Ality
-14-
for intarest thereon, for the benefit of the owner of such.
bn-rol or coupon, as the case may be, who shall thereafter be
restricted exclusively to such funds for any claim of whatever
nature on his part with respect to suc., bond or coupon; pro-•
vided that any funds which shall be so held by the Escrow Agent
shall have no responsibility with respect to such moneys.
Section 21. In case at any time the Es--row Agent or its
legal successor or successors should become unable, through
operation of law or otherwise, to act as Escrow Agent, or if
its property and affairs shall be taken under the control of
any state or federal court or administrative body because of
insolvency or bankruptcy or for any other reason, a vacancy
shall forthwith and ipso facto exist in the office of Escrow
Agent, the city, by an instrument authorized by resolution of
its City Council, shall appoint an Escrow Agent to fill such
vacancy. After any appointment by the City, it shall cause no-
tice of such appointment to be published at least once a week
for two consecutive calendar weeks in a financial publication
of general circulation published in The City of New York, New
York. If no successor Escrow Agent shall have been appointed
by the City within 60 days, a successor may be appointed by the
owners of a majority in principal amount of the Bonds then out-
standing by an instrument or instruments in writing filed with
the City Manager of the City, signed by .,uch owners or by their
duly authorized attorneys-in-fact. If, in a proper case, no
appointment of a successor Escrow Agent shall be made pursuant
to the foregoing provisions of this Section within three months
after a vacancy shall have occurred, the owner of any Boyd may
apply to any court of competent jurisdiction to appoint a
successor Escrow Agent. such court may thereupon, after such
notice, if any, as it may deem proper, presc:ibe and appoint
a successor Escrow Agent. Every successor Escrow Agent appoint-
ed in pursuance of the provisions of this Section shall be a
-15-
1 1
corporation or a national bank authorized to exercise corporate
trust powers, having a combined capital and surplus of at least
$25,000,000, if there be such a trust corporation or national
bank willing and able to accept the duties of Escrow Agent on
reasonable and customary terms.
IN WITNESS WHEREOF, the City has caused this Agreement
to be executed in multiple counterparts (each of which shall
be deemed an original) by its Mayor, sealed with its corporate
seal, and attested by its City Secretary, and the Escrow Agent
has caused this Agreement to be executed in multiple counter-
parts (each of which shall be deemed an original) by one of
its Vice-Presidents, sealed with its corporate sia1, and
attested by one of its Assistant Cashiers; all as of the date
and year first above written.
CITY OF DENTON, TEXAS
By
Mayor
ATTEST j~
City Secretary
(CITY SEAL)
THE FORT WORTH NATIONAL BANK,
Fort Worth, Texas
By
Vice-President
ATTEST,
Assistant Cashier
(BR'IK SEAL)
-16-
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$7!I itYl P k 4 Of M.lfi2-IIY R4ta3r. r7 c^. b;f a
. TESTATE OF TEXAS, KNOW ALL MEN BY THESE PRESENTS:
j COVNTY OF DENTON
1i. of one dollar and other good S valuable consideration
~l
That in consideration of the payment #s flallxarst~oxtiittg~E~Y~thbaexnd~StkeacsofXtsR j
of a ~j
certain promissory note
ii described in a certain Deeu of Trust
executed by B b H. INVESTMENTS, INC.
Federal i
to Frankliq Savings and Loan Association of Wilkes-Barre, Pennsylvania i
1i dated the 12th day of February 1976 412 I!
,and recorded in Vol. 7 7 7 5 on
p 19 b 37
page 753 6 of the records of Deed of Trust k
of Denton County, Texas
i
the owner ani holder of said note , do hereby release the vendor's
j;i lien shown by said Deed of Trust to exist upon the following described land, to•secure pay-
ment said note ,viz.: BEGINNING at the northeast corner of said tract, said point of
beginning also being the intersection of the south right-of-way line of Avenue E; THENCE I
south, along the east boundary line of sail tract, same being the west right-of-way lipe of '
Avenue a distance of 303.1 feet to a point for a corner, same being the southwest corner
of said tract and slso being the intersection of the west right-of-way line of Avenue E and
the north right-of-way line of Stella Street; THENCE west, alung the south boundary line ofi '
said tract, same being the nroth right-of-way line of Stella Street, a distance of 6.0 feed
to a point for a corner; THENCE north, 6.0 feet west of and parallel with the east boundary
~iline of said tract, a distance of 303.7 feet to a point for a corner in the north boundary j
line of said tract; THENCE east, along the north boundary line of said tract, same being
the south right-of-way line of West Hickory Street, a distance of 6.0 feet to the place of
beginning and containing 1,822.2 square feet of land, more or less.
Ana thar this is a partial release, only releasing the vendor's lien as to the propert
described abovi and not to be the whole tract.
i I
That this is a partial release, only releasing the vendor's lien as to the property
described above and not to the whole tract.
witness my h;.nd his of 3 day of err 19 7e
' Fodoral ~
1 1, Franklirr/S ings Loa Associationof, 10
ATTEST: AL
L,F/urL✓~~.c. _ Wilkes arre,PA
Assistant S~t tary
k L
THE STATE OF TEXAS )
} BEFORE ME, the undersigned, a Notary Public
County of 11
j,
In and for 9:1d County, Texas, on this day personally appeared
I
i
known to me to be the person.-whose name-__--subscribed to the foreg, tng Instrument, and i~
acknowledged to me that-he__executed th4 sarne for the purposes and consideration thereln expressed.
I GNEN UNDER MY HAND AND SEAL OF OFFICE, this.--day of^ ,
A. A.18_
{
Notary Public, County, Texas
LIM= ,r
f:,. ti. •tCi
JOINT" ACKNOWLEDGMENT
. THE STATE OF TEXAS, BEFORE TIE, the undersigned authority,
COUNTY OF r
. In and for said County, Texas, on this day personally app-ared..._.
' _ 1
his wife, both known .
.to..m.e to be, the persons whose names are subscribed to the foregoing in; irument, and acknowledged to
me that they each executed the same fcr the purposes and consideration therein expressed, and the said
_ wife of the said............... having been
examined by me privily and apart from her husband, and having the same fully explained to her, she, the said
acknowledgA such instrument to be her act and decd and
she declared that she had willingly signed the same for the purposes and consideration therein expressed, and that fhe did
not wish to retract it.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, This day of , A.D. 19
(L.S.)
Notary Public, Counly, Tex as
My Commission Explrea June 1, ]9._._..._.
`VINE'S SEPARATE ACKNOWLEDGMENT
THE STATE OF TEXAS, i
f BEFORE ME, the undersigned authority,
COUNTY OF _ .
in and for said County, Texas, or this day personally appeared
_ _ , wife of .
known to me to be the person whose name is subscribed to the foregoing instrument, and having been examined by me privily
and apart from her husband, and having the same fully explained to her, she, the said
. acknowIedged such instrument to be her act and deed, dnd
she decla...red that she had wilt.ingly signed ti.. e same for the purposes and consideration therein expressed, and that she did
not wish to retract it.
GIVEN UNDER MY HAND AND SEA]. OF OFFICE,This............... u+.y of....... A.D. 19
Notary Public, _ ......................................................County, Texas
My Commission ExpirES June 1, 19
CORPORATION ACKNOWLEDGMENT e
THE STATE OF EP,nns~lvania
. BEFORE ME, the underelgned authority,
COUNTY OF. Luzerrie .
nnu
' pp l y personally appeared William..H.._Xotrage...Yice..Pzesideat.__
to and for said County, R h~s ea
....................................known to me to be the Person and officer
whose name Is subscribed to the foregoing instrument and acknowledged to me that the same was the act of the said
,,.>;ranklin.Federal...Say..i.ng-a..6...Ioan..AszoCla.kion of.Wilkes -Bazrae-Penn sylvania..... .
a corporation, and that he executed the same as he act of such corporation fort urposes and consideration therein
expressed, and in the capacity thr rein staled.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, TC%~✓ a 1 A. D. 19. (.d
a
(L. 9.)
Notary Public,.._ ..............Luzerne...................NOl0@dntyadbosx
My Commission Expires June h'lAES.BARFEI IUZYFttE COUNTY, PA,
9
_ t) tnAirtcc:n,r ;y..t.TrfR
CLERICS CERTIFICATE 3, 1981
~ { l
THE STATE OF TEXAS I'-- County
COUNTY OF...
Clerk of the County Court of Bald County, do hereby certify that the foregoing instrument of writing dated on the
. .....................day of......._.............................. A. D. i9........, with its Certificrte of Authentication, was filed for
record In my oboe on the day of A. D. 19........., at..._......., o'clock............ M., and duly
recorded this day of ...A. D. 19.........., at.............,. o'clock.............. M., In the
...............................................................................................Records of Slid County, in A'01=e.................._, on Pages.....................
WITNESS MY HAND AND SEAL OF THE COUIaY COU' T of said County, at office in
the day and year last above Written.
Cou,,ty Clerk .........................................................County, Texas,
(L. S.) By Deputy.
14
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t'rr. M'+~'a BIZ b )j E3
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pp
A rS.'y'l t ~ a j V f4 .s [I
~ Partial 1
-=am fiat
TIE STATE OF TEXAS, vac ~3 lncE 460
KNOW ALL MEN BY THESE PRESENTS.
COUNTY OF DENTON PEED RECORDS
of one dollar and other good b valuable onsideration' di
That in consideration of ti;e payment 1XV% xaetf dhWto U*4M pmwaxtk Dtx~s
of a
certain promissory note
described in a certain Deed of Trust n
executed by B a H. INVESTMENTS, INC. ~`34T~5
Federal
to Franklin/ Savings and Loan Association of Wilkes-Barre, Pennsylvania
dated the 12th day of February 1976 , and recorded in Vol. 777 5 412
on
19 6 37
f
page 753 6 of the records of Deed of Trust
of Denton County, Texas
the owner and holder of said note do hereby release the vendor's
lien shown by said Deed of Trust to exist upon the followin, described land, to secure pay-
ment of said note , viz.: BEGINNING at the northeast corner of said tract, said point of
eginning also being the intersection of the south right-of-way line of Avenue F; THENCE
south, along the east boundary line of said tract, came being the west right-of-way line of
venue E, a distance of 303.7 feet to a point for a corner. same being the southwest corner]
of said tract and slso being the intersection of the west right-of-way line of Avenue E and
i
the north right-of-way line of Stella Street; THENCE west, alcng the south boundary line of
said tract, same being the nroth right-of-way line of Stella Street, a distance of 6.0 feet
to a point for a corner; THENCE north, 6.3 feet west of and parallel with the east boundary'
line of said tract, a distance of 303.7 feet to a point for a corner in the north boundary
line of said tract; THENCE east, along the north boundary line of said tract, same being
the south right-of-way line of West Hickory .Street, a distance of 6.0 feet to the place of
beginning and containing 1,822.2 square feet of ?.and, more or less.
And that this is a partial release, only releasing the vendor's lien as to the property
described above and not to be the whole tract.
That this is a artial release oil releasing the vendoris lien as to the P ~ Y property
described above and not to the whols tract.
~ Jt1
Witness my hand this 3 day of
i
-Ewdosal.
ATTESTi Franklin/S ings 6 Loa Associationof
l ~G C _
W rree _PA I
$
u atsf l( t~f~
Asst S tary
THE STATE OF TEXAS Y
' - BEFORE ME, the unceraigned, a Notary Public
County of___- _
In and for said County, Texas, on this day personally appeared
it
known to me to be the person-..-.whose name__._.______.subacAbed to the foregoing Instrument, And it
acknowledged to me that-he-executed the same for the putWsea and consideration therein expressed.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this---day
A. D.19-.__.
I!
Notary Public, County, Texas 1d
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LZ CYx --_-_.r.--.~i: ..._-.-•_62'uJ:YY~~2s~I..Nr':-t~J.t ..r. Tii L.'J ~'J:.•-~~L.. Yom.. .:fit-~J~_~i:.J~IOG. .tL.:.
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JOINT ACKNOWLEDGMENT
THE STATE OF TEXAS, i BEFORE ME, the undersigned authority,
COUNTY OF j
in and for said County, Texas, on this day personally appeared
and his his wife, both known to me to be the persons nhose names at - subscribed to the foregoing ins`.rumcnt• tied acknowledged to
me thnt they each executed the save for the purposes and coi,sidertherein expressed, and the said
, wife cf the said _ having been
examined by me, privily and apart from her husband, and having the some fully explained to her, she, the said
arknowiedged such instrument to be her act and decd And
she declared that she had rvihi-gly signed the same for the pw•poses and con:ideration therein expressed, and that she did
not wish to retract :t. ,
GIVEN UNDER ?]Y HAND AND SEAL OF OFFICE, This day of A.D. 19
(L.S.) _
Notary Public, County, Texas
My Commission Expires June 1, 19............
WIFE'S SEPARATE ACKNOWLEDGMENT
THE STATE. OF TEXAS, ~ BEFORE ME, the undersigned autlioeily,
COUNTY OF
in and for still (runty, Texas, on this clay personally appeared wife of .
known to me to be the pcison whose name is Eubscribed to the foregoing Instnrment, and having been exnmined by nic privily
...11 apart faint hrr hu, band, an.1 having the same fully explained to her, she, the said
acknowledged such instrument to be her nct and deed, and
she declared dent s1.e hail Nridl'nrly rirned the same for the purposes and consideration therein expressed, and that she did
not Irish to rctr:art it.
GIVEN UNDER MY IIAND AND SEAL OF OFFICE,This_....... day of A.D. 19
{L.S•)
Notary Public, County, Texas
My Commission Expires June 1, 19.....
y~y CORPORATION ACKNOWLEDGMENT
THE STATE OF WPenns~tlvania BEFORE ME, the undersigned nuthority,
COUNTY OF Luzerne f
nns)(vgpis
in and for said County,'axx n his lr ay personally appeared Will iim..H....Young, Vice President
known to me to be the person and officer
whose name is subscribed to the foregoing instrument and acknowledged to me that the game was the act of the said
Franklin Federal Savings_.F Loan Association of Wilkes-Barre, Pennsylvania
a Corporation, and that he executed the same as the act of sueh corpantion fort urposes and consideration therein
G '
expressed, and in the capacity therein stated. Mv IV
GIVEN UNDER MY HAND AND SEAL OF OFFICE, Th ~ia _ y' A. D. 19 /e!
(L. S.) lft: ;~4L 'd+ -i,
tl a Notary Public, Luzerne N'O108bntyar mst
306 My Commission Expires June 1fl1KES.CAR;, !U;'1',E COUNTY, PC
$ 'CERTIFICATE J. Issl
THE STATE Obi T I I . . . . . . County
. .
Z
COUNT? OF. tit ,
g
Clerk of the County Cr f e Co~lyp ~r?'c rtify that the foregoing instrument of writing dated on the
day of ?K.. !A G A IA , with its Certificate of Authentication, was filed for
record In my office on th ,,spayd a X , A. D. 19, at o'clock M., and duly
recorded this _ of kb - A. D. 19 At o'clock K, in the
g a c do of sold County, in Volume on pages
WITNESS MY HANO2 AND L OF Ti OURT of sold County, at office in
s
gg
~ T OKKf1@ 1pq year last above written
T . . ....r . . .
County Clerk County, Texts.
(L. S,) By _ _ Deputy,
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A-S&-WARRANTY DEFD-Wkk General and Copontioa Acknowledtmmu MARTIN Stationery Co., Danu
TH E STATE OF TEXAS, tint DACE G 8
Know All Men By These Presents:
CCUn y nf........... ben U.p
DEED RECORDS
That Ernest E. Gohlke
S ` 4V)7
of the County of Denton State of Texas for and in consideration of
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the sum of
-------------------Nine Hundred & No/100 ($900.00)------------- D04[,ARS,
to him in hand paid by City of Denton, a Municipal Corporation
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have Granted, Sold and Conveyed, and by these presents do Grant, Sell and Convey unto the said City of Dento
a Municipal Corporation
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of the County of Denton , State of Texts all that certain
lot, tract or p.rcel of hind lying and being situated in the City and
County of Denton, State of Texas, and being part of-the E. Puchalski
survey, abst. no. 085, and being part of lot no. 9, block 8, of the
Owr:ley Park Addition, and addition to the City/County of Denton, at.d also,
being part of a tract of land conveyed from Lillis Wagenschnur to Ernest
E. Gohlke by deed dated July 6, 1970 and recorded in Volume 604, Page 36?
of the Deed Records of Denton County, Texas, and more particularly dqs-
cribed as follows:
BEGINNING at the northeast corner of said trait, said point of beginniogl
also being the intersection of the south right-of-way line of Stella
Street and the west right-of-way line of Avenue "E";
THENCE south, along the oast boundary line of said tract, same being the
west right-of-way line of Avenue "E", a distance of 145.0 feet to a point
for a corner, same being the southeast corner of said tract;
THENCE west, along the south boundary line of said tract, a distance of
6.0 feet to a point flr corner;
THENCE north, 6.0 fr:t west of and parallel with the east boundary line
of said tract, a (11stance of 145.0 feet to a point for a corner in the
north boundary line of said tract, same being the south right-of-way line
of Stella Street;
THENCE east, along the north boundary line of said tract, a distance taf
6.0 Feet to the place of beginning and containing 870.0 square feet of
land, more or less.
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TO HAVE AND TO HOLD the above described premises, together with all and singular, the rights and
appurtenances thereto in anywise belonging unto the said City of Denton, a Municipal Corporati
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be!rs and assigns forever; and I do hereby bind rnysel f , my
heir,, exe;dtors and administrators, to Warrant and Forever Defend all and singular the said premises unto the
said City of Denton, a Municipal Cor,),;ration
heirs and assigns, against every person whomsoever lawfully claiming, or to elalm the same, or any pact
thereof.
Witnm his hand at Denton County, Texas this 6th day of
March , A.D. 19 78
Witnesses at ?rel--,tst of Grantor:
t
1"i~nesi;" ~:..CoFil~ke
y .......w........ I
ACKNOWLEDGMENT
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THE STATE OF TEXAS,
} BEFORE ASE, the undunigcd authority,
Denton (J
COUNTY OF _
~
_ ...........n...._e_._st._.... E Gohlk........__....e . I
In and for said County, Tens, on this dap personally appcared.... Er
» r:.................
known to me to be the person..._._ -...whose name......) 5............subscribed to the foregoln; instrument, and acknowledged to me that
he........... executed the same for p deraLlon therein expressed.
GIVEN UNDER MY Y O tf ft~ E. This-- ./.1._...J...d _ A.D. 197.8...
O ptNcnNL
ranette
Ur A !:n*ARY nh./.. / .
(I S.) !y Y 6116
wal N V. 19
~.~,V;. l%: I NotaryPu jj( fo,saty,TLCU {
` I? Ad tai,. ..►.:AGE_G ~
' ukA tint ni My Comm f~Vio~n"Explm"Juh~~
CKNOWIEDGMENT
THE STATE OF TEXAS,
BEFORE M£. the undersigned authority,
COUNTY OF....
in and for sold County, Texas, on this day p:nonally appeared.............
known to me to be the Person...........wbose name-_....... -subscribed to the foregoing Instrument, and acknowledged to me .hat
be___._executed the aamo for the purposes and consideration therein expressed.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, This 0.......... -day of...... !.D.
(I« S,)
Notary Yub5c,.-._...___.................... ..--.........-............County, Texas
My Commission Expires June.._........._.-....... ID... _ _
CORPORATION ACKNOWLEDGMENT
THE STATE OF TEXAS,
_ I BEFORE ME, the uoden,;,ned authority,
COUNTY OF...».._..».... _
to and for said County, Texas, on this day personally appeared...............................................................................................................................__.
.. '
known to me to be the person and osscer
whose name le subscribed to ,ae forega?n; inst;urnent and acknowledged to me that the same was the act of tSe said
a corporation, and that he executed the same as the act of such corporation fr• the purposes and consideration therein txpre:ued, and in
the capacity therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, Thb.._ ................-day of........ , A.D. 19.......
(LS.) » .
Notary Publie,......... _..._._._._...._...County, Texas
Aly Commission Expires June 19..
THE STATE OF TEXAS,
Comm OF-0. j
County Clerk of the County Court of Wd County, do hereby certify that the foregcln/ Instrument of writing dated on the
1-1 , A.D. 19......,., with its Certificate of Autheo`. motion, was fled for record in my ofiiea
on the........._....,.„.day of......._. A.r,. 19....._.., a ..o'ckxk...... - •....M., and was duly rK-irled this.........»...
day of..... r.._.._................ A.D. 19..._......., at a'dock.__....._._. M., in the Records of Bald ^ounty, in Vol-
ume _ on pages....... .
WITNESS my hand and seal of the County Court of said County, at my ol&w In....
the day and year last above written.
Clerk County Court County, Texas
..........,Deputy.
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ot, r'~~'=yGUARANTY COMPANY
UNITED STATES FIDELIT;
zi lkSt ockfotrPaaY) BDND NUMBER .....3 .79 9.7799,77A.....
ql,
Universal Devel ent o o t o .
.......~............C...xP...k~,.~...F~............_.........._.... G.
KNOW ALL MEN BY THESE PRESENTS, That we .
h.
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(hereinafter Called the Principal), and UNITED STATES FIDELITY AND GUARANTY COMPANY, a Maryland corporation (hereinafter called the
ent
t Surety), are held and fr.mly bound unto C....itY...o..f Dent. qonui......._ D ona Texas
~,~-3 =2:~,
(hereinafter called the Obligee), in the full and lust sum of in.
:a .
,.......Dollars
7 7 20
lawful money of the United States, for the payment of which, well and truly to be made, we bind ourselves, our heirs, administrators,
executors, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS, said Principal has entered into a certain contract with the Obligee .....tn..Pay...the...,rzj:,a~..of...lzui•,,f3lllm
'I t5!'P...S.'..X..,.7............ .boxes across Stu ..art„Rd.,ai. 4g41.ng,,,the..reFla t .eft...o...haY.t ez>t.._4t...A
.e9St.of...no more .th8n..t.Wenty,thousp:~?.d_& for-the
i(.a ..C~,ty...III...DeSLt.An,......... D.e.ixt.Q,T71,...Texas. .
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NOW, THEREFORE, The Condition of the foregoing obligation is such that if the said Principal shall well and truly indemnify and
save harmless the said Obligee lrom any pecuniary loss resulting from the breach of any or the terms, covenants and conditions of the said !FS'~' contract on the part
of the Principal to be performed, then this obligation shall be void; otherwise to remain in full force and effect in law; 1=~
PROVIDED, however, that this Bond is issued subject to the following conditions and limitatiorI
t}'i I. The Obligee shall, in every case, obtain th1 written consent of the Surety before making to the Principal the final payment provided burl
for under the contract herein referred to.
` 2. In the event of any default on the part of the Principal in the performance of any of the terms, covenants or conditions of the ' said contract,
the Obligee shall promptly, and in any event not later than Ihirly days after knowledge of such defaul, deliver to rPf
tile Surety at its office In the City of B.itimore, written notice thereof with a statement of the principal facts showing such default
and the date thereof.
'3. In case of any default on the part of the Principal the Surety shall have the right, if it so desires. to assume and complete, or
procure the completion, of said contract, and in cas^ of such default, the Surety shall be subrogated and entitled to all the rights
r and properties of the Principal arising out of the said contract and otherwise, including all securities and indemnllies thereto fore
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received by the Obligee, and all deterred payments, retained percentages and credits, due to the Principal at the time of such
- default, or to become due thereafter by the terms and dales of the contract.
4. In no event shall the Surely be liable for a greater suVhan Lhe,Qenalty of this Bond or subject to any suit, action or other
proceeding thereon that Is instituted later than MAY 5.s.....,.. 9. ..............-....repair
5. In no event shall the Surety be liable for any damage resulting front, or for the construction or of an work damaged or
destroyed by an act of God, or ubtic enemies, or mobs, or ricts, or civil commotion orb employes leaving the work being done
under said contract, on account oPso-called 'strikes' or labor difficulties.
6. The Surety shall not be obligated to furnish any bond or obligation other than Ih one executed. '
FI~ I Signed, seated and delivered May.a`l.s. 1.5$..........,.
Witness n to C.ATpQiAri.....ISeaD
pan _
Princlpa! C~7 -P~ ✓ (r
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J/~I STATE/FIY AND GUARANTY COMPANY g
~j Paul M. Simson Attomay.n-fad
Cootraet 12.14 (748) ^ 3
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CERTIFIED COPY +
GENERAL POWER OF ATTORNEY
No......... 8677.9
Know ell Men b, these Presents:
That UNITED STATF_S FIDELITY AND GUARANTY COMPANY, a corporation organized and existing under the laws of the
State of Maryland, and having its prlncipsl office at the City of Baltimore, in the State of Maryland, does het,Sy tomthute and appoint
Paul M. Simson
of the City of Dallas , State of `texas
its true and lawful attorney XiXWdmxEb#C&X&x&x
for the following purposes, to wit:
To sign its name as surety to, and to a seeutc, seal and acknowledge any and all bonds, and to respectively do and perform any and
all acts and things wt forth in the resolution of the Board of Directors of the said UNITED STATES FIDELITY AND CUARANTY
COMPANY, a certified copy of which is hereto annexed and made a part of this Power of Attorney; and the said UNITED STATES
FIDELITY AND GUARANTY COMPANY, through us, its Board of Directors, hereby ratifies and confirms all and whatsoever the said
0
Paul M. Simson
may lawfully do _n the premises by virtue of these presents.
In Winless Whereof, the ald UNITED STATES FIDELITY AND GUARANTY COMPANY has "used this instrument to t,.e
waled with its corporate wsL duty attested by the sigeatvea of Its Vice-President and Assistant Secretary, this 26th day of
March -A-D-19 76
UNITED STATES FIDELITY AND GUARANTY COMPANY.
(Signed) 19?„ Charles N. Boone
• .Yice-Presldertt
(SEAL) (Signed) Rqt ,.H Stitt..,........
Aariswns Secretary.
STATE OF MARYLAND,
u:
BALTIMORE CITY,
on this 26th day of March , A. D. 1976, before me pemonsuy cam
Charles W. Boone Via-President of the UNITED STATES FIDELITY AND GUARANTY
C)MPANY and Ray 11. Britt , Assistant Secretary of said Company, wi:h both of
whom 1 am personally acquainted, who being by me severally day swore, said that they resided in the City of Baltimore, ,Maryland;
that they, the said Charles N. Boone and Ray H. Britt wereresi-cdvely
the Vice-President and the Assistant Secretary of the aid UNITED STATES FIDELITY AND GUARANTY COMPANY, the cor•
porstion dwribed in and which executed the foregoing Power 4 Attorney; that they each ka •r the seal of said corporation; that the
seal affixed to said Power of Attorney was such corporate seal, that it was so fixed by order os the Board of Directors of said corpora.
Lion, and that they signed their names thereto by like order Vice-President and Assistant Secretary, respectively, of the Company.
My a.ommtssion expires the first day tit July, A. D. 19...7.4...
, ert J. Aull
(SEAL) (Signed) He , rb ,
Notary Public.
STATE OF MARYLAND Set.
BA',.TIMORE CITY,
1 Robert 11. Bouse Cleek of the Superior Court of Baltimore City, which Court is a
Court of Record, and has a wool, do hereby certify that Herbert J. Au l l , Esquire, before
whom the annexed efhdavits were made, and who has thereto subscribed his name, was at the tine of m doing a Notary Public of the
State of Maryland, in and for the City of Baltimore, duly commissioned and sworn and luthorLwol by law to administer oaths and take
atknowledgments, or proof of deeds to be recorded therein. 1 further certify that I am acquainted with the handwriting of the said
Notary, and verily believe C e signuars to be his genuine signature.
in Testimony FJsereof, 1 hereto set my hand and affix the seal of the Superior Cora" of Baltimore Citl, the w.. being a Court
of Record, this 26th day of March , A. D. 19 7d
(SEAL) (Signed) Robert 1.. Bouse
Cleri of to o Superior Court eJ Saltimora City.
11 3 (1.111
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COPY OF RESOLUTION
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That whereas, it is necessary for the effectual transaction of business that this Company appoint agents and utorneps with power
and authority to act for it and in its name in States other than Maryland, and in the Territories of the United States and in the Provinces
of the, Dominion of Canada and in the Colony of Newfoundlard.
There/ore, be is Reaofred, that this Company do, and it hereby does, sut5crize and empower its President or either of "*Vice.
Presicitnis in conjunction with its Secretary or one of its Assistant Secretaries, unt',n its corporate seal, to appoint any person or persons
as attorney or attorneys in fact, or agent or agents of said Company, in its name and as its act, to execute and deliver any and all con•
tracts guarantering the hdrlity of persons holding positions of public or private trust, guaranteeing the paformauces of contracts other
than insurance policies and executing or guaranteeing Fonds and undrnakings, required or permitted in all actions or proceedings, or
by law allowed, and
Also, in its name and as its r,torney o, atiorneysin fact, or ag,.nt or agents to execute and guarantee the conditions of any and all
bonds, re(ognirances, obligati--ter., stipulations, unti:,takings or anytl.,ng in the nature of either of the same, which are or may by law,
municipal or ot:,erwise, r, by any Statute of the Unitela Sta:_a or of any State or Territory of the United States or of the Provinces of the
Dominion of Canada or of the Colony of Newfoundland, or by the rules, regulations, orders, customs, practice or discretion of any board,
body, organization, office or officer, IotaL municipal or otherwix, be allowed, required or permitted to be executed, made, taken, given,
tendered, accepted, bled or recorded for the security or protection of, by or for any person or persons, corporation, body, ofce, interest,
municipality or other association or orge.,iation whatsoever, in any and all capacities whatsoever, conditioned for the doing or not doing
of anything or ■ny conditions which may be provided for in any such bond, recognizance, obligation, stipulation, or undertaking, or
anything in the nature of either of the same.
1, David 11. Engler an Assistant Secretary of the UNITED STATES FIDELITY AND
GUARANTY COMPANY, do hereby certify that the foregoing is a full, true and correct copy of the original power of attorney given
by said Company to
Paul 14. Simon
of Dallas, Texas , authorizing and empowering him to sign bonds as therein set
forth, which power of attorney has never been revoked and is pill in full force sad effect.
And I do further certify that said Power of Attorney was given in pursuance of a rew' .Ton adopted at a regular meeting of the
Board of Directors of said Company, duly called and held at the office of the Company In the City of Baltimore, on the 11111 day of
July, 1910, it which meeting a quorum of the Board of Directors was present, and that the foregoing is a true and correct copy of said
resolution, :ad the whole thereof me recorded in tl a minutes of said meetht g,
In Testimony 1PherroJ, 1 have hereunto set my hand and the seal of the UNITED STATES FIDELITY AND GUARANTY
COMPANY on
Mate) May l5s 1978
'ae
6.1i ant Secri,rar.y.
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