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HomeMy WebLinkAbout4459 4 E ,L. i I { ~ f r~ ` ~ i ;t ' s~ ~-4 k ~ ` ~ !i ~ i ~ [ f k f; ~ ~ , i j r ~ ' } ~i ~ [f } ~ ' s; k~~ a ~I t t~ i } i ~I i ~ ~I y 1 1 J i Ij ~~i+~~' ~W~fji,e tr v(e~~~~ye~f ki{ Vq !rif~l~l 149 5 (r I i f r rr~~ r~r i ri ~1i f?,i ~t\~lPPNs '~rr ~l7V• ~ to r>~J,l ~ti I~ 1~ r }~lV~f~),1 i f~e7 rt}}o ~~n ~ d + S q l 1 r}n rf` V.~r 1~' 1!( r t~ ~~'r~h ?#~i` I1),t; t t13`' I r , i El i F~l i'- 1 r.! 3 l V ii t IM o uance o a for d;110C000 City of Denton, Texas 21eetrid Revanue NondU » smith, Harney & Co„ and Aae001ates, s Official Hid Forms for Issuance of 1 45,200,000 City of Denton, Texas Electric kevenue Honda, and related papers, rdineknus No, 61-13 Recommendation from 01arenoeg brow for i s ouanne of 85t;#200,000 k; 9 otr Revenue Bonds. 4 31 FI( Itit f r i r €i StYY cy it ri: I4rA.tJ ^.~n~~ y~~E~ol l0 ..a_ ,.uz Htif4tir Gil' i~ry r~ TO THE HONORABLE CITY OOUNOIL OF THE CITY OF DENTON, TNXAS i The bids having been opened and read by the fiscal. agent i for the Oity and the tabulation thereof made and in compliance with Section 9,01 of the City Charter, I recommend that the bid made by Smith, Barney and Company, New York, and Assooiateo be aoospted for the City of Denton eleotrio revenue bonds, f Series 1961, in the aggregate amount of $5,200,000, F' TO OERTTIFY WHICH, witness my hand this 13th day of rune, A.D. 1961, Bond torney"ror e i i is t E 1 t f , OFFICIAL BID FORM Honorable Mayor and City Council City of Denton Denton, Texas June 13, 1961 0 Gentlemen: Reference Is madu to your "OtRchil Notice of Salo" and "Official 8111tetnent", dated May 26, 1961) of $5,200,000 CITY OF DENTON, TEXAS ELECTRIC REVENUE BONDS, SERIES 1961, both of which constitute a part Iwreof. For your legally issued bonds, being issued for the purpose of providing funds to I Improve and extend the City's Electrlc Light and Power Systzm, and as described in said Notice, we will pay you par and accrued interest from Moy 1, 1961, to data of delivery to tin, plus a cash premium of 2_.,_......._. for bonds maturing and bearing Interost an follows; a Interest Infererf Inform 3 Ameunf maturily. Nate Aounl Marurily Role Amount Mafurltg Rah 515,000 11.1.63 90,004 11.1.72 rh $130,000 11 •1 82 _ 4S 161000 11.1.64 ~yQn 95,000 It 1-73 . _9B 135,000 114.83 iL _ 91- 551000 11.1.65 05,000 11.1.74 1I4 % 145,006 11.1.84 R1- 70,000 11.1.66 100,000 11.1.75 /0 355,000 11-1•A5 .11 __96 70,000 11•1-67 s 105,000 11-1-76 It 5W 516,000 11.1.86 ' 75,000 11.1.68 110,000 11.1.77 _341_4j; 540,000 111.87 % 75,000 11-1.69 115,000 It 1-78 1 y9,0 560,000 11.1-88 % 85,000 t1-1.70 _ _lt _ ra 120,000 11449 S% 585,000 11.1.89 9/0 85,000 11.1.71 125,000 11.1.80 610,000 11-1.90 96 125,000 11.1.81 Interest cost, in accordance with the above bid, 1st t r't " Grow Interest Cost 5 11e7.~~~j7~51__ Less Premium . . . . . . . . . . 2"9e60 _ NET INTEREST COST . . . . EFFECTIVE INTEREST RA'T'E . 4e0ui?lYj r~ r; i, Attached hereto Is Cashler's 9,erkl8ed Check of the._K!KAk_,54t6 _-Bank, _ot__lJenton, in the amount of $104,000,00, which represents our Good Faith Deposit, and which Is submitted In accordance with the terms an net forth In the 'Otficlal Notice of Sale" and "Official Statement". Respectfully submitter', f11,0RF 1'ORl)AN e! CO. Joint IOUITAWL,, 5501HITI1 5 00M)OIiAWON HARRIMAN RIPh',Y & W,t tN(XIRPORATI?b~ Manahere _ r3yt oI-o~~I r rntflAN r 00 ~uthorli?d Mar tAtive n c. pot 1k v '1.1 et9~ar r`r ACCHPTANCE CLAUS The above and foregoing bid Is hereby in all things accepted by the City of Denton, Texas, this the 13th day of rune, 106E e ATTESTt Mayor, City of Denton, Tetras City Secretary, City of Denton, Texas H1181 h ]Alt for, ON I UNP 'rFXAI Return of Good Faith Ilapcslt is hereby Acknowledgedt _ ~ } OFFICIAL BID FARM ,'ya Honorable Mayor and City Council City of Denton Denton, Taxes )one 13, 1961 y; Gentfomem ~ h Raferenca is "made to your "Ofllclal Notlco of Sale" and "Official Stalement", dated May 26, 1961, of 1 $5,200,000 CITY ON' DENTON, 'T'EXAS ELECTRIC REVENUE BONDS, SERIES 1961, both of which constitute a part horeof, For your legally le^ucd bonds, being issued for the purpose of providing funds to ll lulprovv and extend the City's Electric Light and Power System, and as described In salt Notice, we will pay ' you par and accrued Interest from May 1, 1961, to date of delivery to us, plus a cash premium of . for bonds maturing and bearing Interest Its follows: In}oral Interosl In6orost Amount Maturity ttaf- Amount Malurhk Rol* Amy ounl Mafutlfy A41111 $16,000 [1.1 63 1 a6 $ 40,000 11.1.72 j .~%v $130,000 11.1-82 15,000 11.[•64 95,000 11.1.73 300 _._96 135,000 11.1.83 __3,x9.0__.96 55,000.12•L65 95,000 11-1.74 3.W 145,000 12.1.84 3o9Q-96 70,000 it. .66 100,000 11-1-75 3rW _9/, 355,000 11-1.85 _ Ao9Q.,.% 70,000 11.1.67 711 _ve 7050000 11-1.76 3 00__% 515,000 It..86 ki-ot'-% 75,000 11.1.68 6 110,000 11.1.17 310 _.-_96 540,000 11.1.87 75,000 11.1.69 115,000 11.1-78 3x130..-_.g6 560,000 11.1.88 J1t,00 85,000 11 1.10 % 120,000 11.1.79 _)080 96 585000 11.1.89 1 85,000 11.1.71 _P2_16 125,000 11.1.80 _3! 610,000 11-1.90 . ~L• _...96 125,000 it-1-81 Interest cost, In accordance with the above bid, le: Gross Interest Cost 1 Less Premium . . , . . . . , . . 2C9~o0__.-_ l NET INTEREST COST LFFEC'I'IVI++ INTEREST RAT1C . llef}lti~ 96 y Attached hereto Is Cashier's CerNeed Check of the.._.. 1rix9b Stut13 _ Bank, t ? ! Texas in the amount of $104,000.00, which represents our Good Valth W. " Deposit, and which Is submitted In accordance with the torms AN set forth in the `01116 11 Notice of Sale" and "Officiol Statement". s Respectfully submitted, THE! FXHST BOSTON COM10HAT30N AND ASSUCIATEG t Byl The First 13 ton Co ,oration - By.--_ Art ~.K ey,_Aas,t~Vica-Pxesidertt Authdrir Repress tativ ACCEPTANCI CLAI1SE o' Th v ive AM foregoing bid is hereby In all things accepted by the City of Denton, Texas, this tho 13th day of I. C.1, 1961, ATTESTi Mayor, City of Denton, Tevam City Secretnry, City of Denton,'I'exes OR$') WAlk, HANK UN10N TEXAS Return of Good Falih Deposit Is hereby acknowiedg«l: By- Vf4~_ e OFFICIAL BID FORM Honorable Mayor and City Council f, City of Denton Denton, Texan Gentlemen) Juno 13) 1961 Rofotonce Is nlado to your "Official Notice of 8nlu" and "Officinl Statenent", tinted May 25, 1961; of 1 $5,200,000 CITY OF DENTON, TEXAS ELECTRIC REVENUR BONDS, SERIES 1961, both of which constitute a part horoof. NFor your legally issuod bonds, being Issued for file purpose of providing funds to Improve and extend the City's Electric Light and Power System, rwd as deneribed In said Notice, we will pay y' you pair and accrued interest from May 1, 1961, to date of delivery to us, plus a cash premium of h for bonds maturing and beach+v fnterust us follows; pr' Inferesl Inlerelf { Am~o-enl Maturity _Role Amount M!L Rafe Inkral $15,000 11.1.63 ._L,r I Amount Ma±urlx IIaN /n $ A0,000 11.172 % $130000 11.1.82 15,000 11.1.64 95,000 11.1.73 43-_ a 3 „`4o 55,000 11.1.65 S n, -c 135,000 11.1.83 'Yo . ~ ~ 95,000 11-1-74 145,000 11.1.84 701000 11.1.66 0 100,000 11.1.75 4 n 355,000 11.1.85 70,000 11.1.67 ~S" _.~Y 105,000 11-1-75 3..?~., ng 515,000 11-1.86 75,000 11-1.68 110,000 11.1.77 ?14 o/r 540,000 11.1.87 75,000 11.1.69 115,000 11.1.78 :la 96 560,004 11.1.8R _ ~ 85,000 11-1.70 1200 OU 11•1-79 .u 985,000 11.1.89 ~ 016 85,000 11.171 125,000 11.1.80 610,000 11-1.90 125,000 11.1.81..l,.'_3n N#r~~ Interest cost, in accordance with the above bid, isi { Gross Interest coot . . . r . . r ' . Lens Premium r r ' r • r 77T A ` NET INTEREST COST . r . SG G<I f~ C EFORCTIVE INTEREST RATE 916 Worth National i' At~ach d ere is qashler's•Cert{Fiod Chock of the ----Fort !fort Oor~~1 , cxfaf7 _._.Bank, A --rti - _ - In the amount of $104,000,00, which represents our Good Faith f~' Depeslt, and which to submitted In nccordanco with the forms ae set forth In tho "OfOcial Notice of Safe" and "Of8cial Statement" ResroetfuJly submitted, voon o Ir & Co. Chicago Firot of Texiaa Corporation fend ullsooitxtes - i Author d Represent 91V - ACCEPTANCE CLAUSE i e The above and foregoing bid In hereby In all things accepted by the City of Denton, Twit, thin, the 13th day et June, 1961, ATT~~r~ _ 117ayor,-Olty of Denton, Texas City Secretary, City of Donton, Texas Return of r~ _ r tlood Faith % Yrl 1 Deposit is hereby acknowledged, Ile lzl~l 1z I OFPCIAL BID FORM Honorable Mayor and City Council City of Menton Denton, Texas June 13, 1961 Clentlemew Reference Is made to your "Official Notice of Snlo" and "OAlolal Statement", dated May 26, 1961, of 1 $5,200,000 CITY OF DENTON, TEXAS ELECTRIC REVENUR BONDS, SERIES 1961, both of which conotituto n part horooL For your lognlly issued bonds, being issued for the purpose of providing funds to f Improve and extend the City's Electric Light and Pr Ir System, and no described in sold Notice, wo will pay l you pnr and nccrued Interest from May It 1461, to date of delivery to us, plug a cash premium of for bonds mnturing and bearing Interest as follows, , Intereef j Inlaeut Interest Ameynl, Ma. lurlly Rpfa Ameunl M„nlurlll knfa AmeV l Mn-rll!y RttN j $15,000 11.1.63 S 90,000 11.1.72 G .._cs ~s 9130,000 1 t 1 8.2 ~.~.;.:4h 18,000 11-t-64 ...h~+ ..a/c 950000 I1-L-73 (p YnG 135,000 Il L•83 ~>ad 58,CA0 ll•l•fi5 . _.!1 r1h 95,000 11.1-74 1(P 145,000 It. .84 y1?_rff i 70,00,9 11.1.66 d ._.,h 100,000 11.1.75 t7 " Of, 358,000 11-1.88 ' 700000 11.1.67 ON, 105,000 11. .76 % 515,000 11.1.86 ..._~i~ ~V, 78,000 11.1.68 S Q~_...90 110,000 11.1.77 rye 540000 11.1 9f, 78,000 11.1.69 1 15,000 11.1.78 560,000 11-1.88 ~ 17 85,000 11.1.70 r1 l 120,000 11.1.79 585,000 11.1.89 85,000 11.1.71 125,000 11.1.80 Q._..$0 610,000 11.1.90 125,000 11.1.81 X7_._70 s Interest coat, in aecordence with the above bid, Isi r ~yy 1~ ' Chase Interest Coot Less Premium . . . . . . . r C~ K NET INT> RUST COST' . 9N ,rJ(~ y~ G'f1 S EFFECTIVE INTEREST RATE , Attnchod hereto is Cashier's Certified Check of the..._...._,-__k1r9.t_.NBtiontl_...,. _-Bank, o D@J ►,=ley-_- - - - In the amount of $104,000.00, which represents our Good Faith Deposit, and which Is submitted in accordance with the terms as set forth In the "OfAclal Notice of Sale" and ' "Official Statement". e Respectfully submitted, White, Weld & Coo r Lruebrean, Dillon Union Seauvities, & co, Roxleel_Winstots & Co._~.~~__...~,• Hetnilton ;seauritiea am w I~ ANCE CLAUSE The above end foregoing bill Ts hsroby in all things accepted ;ey the City of nenton, Texas, this the 13th day ? t of June, 1961. s ATTESTr Mayer, City of Denton, Texas ' f City f5earetary, City of Menton, Texas i r7 { Return of GMI Faith Deposit Is hereby ackncwladged; 1 OFFICIAL BID FORM Honorable Mayor and City Counoll City of Denton Denton, Texas Gentlemen; June 13, 1961 Rbferonco is made to your "Official Notice of Sala" and "Official Statomanl", dated May 26, 1961, of ,a $5,200,000 CITY OF DnNTON, TEXAS ELECTRIC REVENUE BONDS, SERIE,5 f961, both of which constiluto n part haroof. For your legally Iasuod bonds, being issuecl for tlto purpose of providing funds to 1 improvo and aidond the City's Eloolrlc Light and Power Syslem, And ns described In said Notice, we w111 pay You par and accrued luterest from May f, 1961, to date of dolivecy to us, plug a cash premium of ~ - ••---y~~- for bonds maturing and bearing, interest as follows; Amount Ma. IyYlfy InlereH hate A`mou-nt h!t! Info Rals ric $15,000 11.1.63 _.Y n kale Amount MalUr11 lakafi t at- -/u $ 00,000 11.1.72 y yfi $130,000 1 11 82 go 15,000 111.1.64 ._.rn 98,000 11.1.730 55,000 21.1.65 ]35,Qtl0 11.1.83 i 70,000 11.1.65 n 95,000 11.1.74 q._..._ry„ 145,000 11.1.84 70000 11• ~ 100,000 11.1.75 0 --.5 1.67 ai, •••-_m 355,000 11.1.85 78,000 11»1.68 105,000 11.1.76 515,000 11.1.86 75,000 11.1.69 110,000 11.1.77 ~p-- o„ ._°L 115,000 11.1.78 ni 540,000 11. t-87 85,000 11»1.70 r of u 560,000 11.1.88 _ 85,000 11 .1.71 120,000 11.1-79 't og Vs-~x' 125,000 11-1.80 J n 5A5,000 11-1.89 S --.,u 610,000 11.1.90 R 125,000 11.1.81 , Yntereat cost, In accordance with the above bid, Is; Gross Interest Cost , 71 71 Lees F'remlwn , NET INTEREST COST EFFECTIVE INTEREST RATE $"y"j°.fL_7r• Attached hereto is Cashier's ftvtoM Check of { ~~_._._._.riK]:],a,ty..xeuytx_• ~a8laua,l....,-- - .._.---°__.Benl:, t;~ In the amount of $104,000,00, which represents our Good Faith Ill and which Is Submitted In accordanco with the terms as rat forth in the "Official Notice of Sele" and "Official Statement", Respectfully Submitted, I o . _.__,~,See Attaohed 1iJaeeO F y- Autharired I2epreser~~ita~~tl--vJJo~~- ACCEPTANCE CLAUSE The above and foregoing bid Is hereby in till things accepted by the City of Denton, TSXAa, this the 13th dey 1, of June, 1961. ATTEST: 4 e - _ _ _ Ivlayar, City of Denton, Texas 4 Cify 9ecrotary, City of Ilanten, Texan ti Return of Good PAlth Deposit is hereby acknowledged; I,. ~,'I, OFFICIAL BID FORM Honorable Mayor and'City Council City of Dantau Denton' Texas Jstun 13, lfifil Nntlemenl Reference is made to your "Official Notice of Sale" And "Official Statentont", dated Mny 26, 1901, of $5,200,000 CITY OF 1%NTON, 'T'EXAS ELECTRIC REVENUE BONDS, SERIES 1961, both of which constitute o part hereof Pryr your lepolly issued bonds, betng issued for the purpose of providfug funds to 1 Improve and extend tho City'n I+leetrla I,Ight and Power System, rind As described In said Notice, wo will pay you per nd cerued Interest from May 1, 19610 to data of delivery to kit, plus a cat:h premium of for honds mnturing And bearing interest as follows; islets+l Intarost Inlcrest A_ Mqunt Maw -~Ra•~ta_ Antovnt htarutllr Rab Amount Maiurlix Rata $15,000 111.63 Y_Sr $ 90,OU0 11.1.72 ~I -176 $130,000 11-T-82 _ of 15,000 11 .1,64 v, 95,000 11.1.73 U. h 135,000 11.1.83 !f _._Sh 55,000 I 1.05 '.W1 95,000 It-1.74 Tl... ?b 145,000 11.1.84 _ 70,000 11. .66 100,000 114.75 ~f 358,000 11-1•85 _r9o E 70,000 11.1.67 .1 Y.. °0 105,000 11-1.76 % 51.4,000 111.86 75,000 11.1.68 -W 110,000 11.1.77 '1 . `_.96 540,000 11.1.87 of - 76,000 1I-1.69 w~_Y...9L 115,000 500,000 1.88 3a 851000 11.1.70 it _ y_.96 120,000 11.1.79 _(4, 585,000 11.1.89 85,000 11.1.71 128)000 11.1.110 9b 610,000 11-1.90 -'____9S ~ " S'25,QOt1 ll-I•lil Interest cost, in accordanco with the Above bid, fss Gross Interest Cost . . . . . , , Loss Premiurn . 'NE'TINT>✓RItSTCOS'T . EFFRCTIVE INTEREST RATE 04071 ,1q, Attached hereto Is Casl.lor's-XI6rIlitMrf Check of the__..MiIkrcantile National " _ 13asrk, 7, _Asllaa _Texati I7eposlt, and which Is submitted in accordsnc In the amount of $104,000,00, which represents our Good Faith i e with the terms nit set forth lit the "Official Notice of SAID" and h t "OffWal Statement", Respectfully anbmitted, .r PIRST SOUTWEST COMPANY, DA11an# and J K, reoc 4if-a ('eat: aEfit61 ed'I3SE Authorfz1 ~ epresanlnlive i 1 t On ANCE CLAUSUr 'The above And forogo.ng hi is rAl things accepted by the, City of Denton, Texas, this the 13th day of June, 1961 ATTEST: + Moyer, City of Denton, Texas t City Secretary, City of Denton, Texas ii i Return at good Faith Deposit Is hereby arknovilecJged: ' J „ 4' 4 r, First Southwest Company, Dallas J. C, Bradford & Company, New York Wertheim & Company, Now York Rausoher, Pierne & Company, Dallas k 1 Bacot„ Stevenson & Company, New York Dallas Union Securities Company, Dallas Eddleman, Pollok & Fosdick, Houston Hotan, Mosle & Compaoy, Houston and Dallas McClung & Knickerbocker, Houston Senders and Company, Dallas s ?l , i I r d+ ~ 4t ~1 OFFICIAL BID FORM Honorable Mayor and City Council v City of Denton ! Denton, Texas Gentlemen, June 13, 1961 Reference Is made to your "Official Notice of Sale" and "Official Sintentant", dated May 26, 1961, of $5,200,000 CITY OF DVNTON, TEXAS ELECTRIC REVENUE HGNDs, SERIES 1961, both of which l , consulate it part hereof, For your legally Issued bonds, being Issued for the purposo of provlding funds to Improve and extent) the City's Ploctric fight end Power System, and no described In sold Notice, we will pay r you pnr and accrued Interosi Win May 1, 1461, to data of dollvoi;v to us, plus a cash promium of for bonds maturing and bearing Interest as follows; I [ ~ fnlereN Intorp} Amount Matur11 Rat Amount Malurlf Note (nNreM Mal - 1.82 Rafe $15,000 11-1.63 90,000 11-1-72 5 Amount 130,,00OO0 I1.182 15,000 11,104 _ _grn 95,000 11.1.73 n -""""Qf 55,000 11-1.65 __.0 135,000 11.1. 9H 95,000 11-1-74 83 n/n 149,000 11-1-84 70,000 11.1.60 100,000 11-1.75 ~ 70,000 11. 1.67 L 355,000 111.85 ,o . 90 105,000 11.1.76 'tL 515,000 )1.186 o/ 750000 11.168 W . 1101000 11.477 78000 11.1.69 a n/ __ro $40,000 11.18 _.115,000 11•1.78 .._._io 560QQQ 11.1-88 85,000 11•1.70 120,000 114479 n, q 5115,000 1I-189 a~ °/n 125,000 11.1.80 n - ,o S . __..../o tt0,000 11-1-QO Interest cost, In Accordance with the above bid, lam Grose Internet Coat . r" Less Ro-emium , NET INTEREAT COW EF);t13CTIVE INTEREST RATF , Attec e 1 hereto It Cashlem a MSC{ Chaalc of the Ha►aaotlla $1t-Lo 1 }j plll"l 7Mtos "wank, 4 , it the amount of $ 104,000.00, which represents our Good Faith ` Deposit, and which io subrri in Accordance with tno terms au set forth in the "C)f9elal Nodco of Sole, and "C'Alcfal atatement". 4 P.rspecthdly subtnfttt+f, ,r r: l ~r canAxlrr VA11061 "d ; lift 1{L'tWiwtl 7lt Authorised Ttepre8antativa ? ACORPTANCE CLAUSE , " The above and foregoing bid is hereby In all thingo accepted by the City of Dantan, Texas, this the 13th day of Jane, 1061, AIIBBTm Mayot City of Denton, Texas- City Secretary, City of 17enten, Texn8 3 Return of Good Faith Deposit Is hereby acknowledge h l s{ i OFFICIAL BID FORM Honorable mayor and city Council t City of Denton b; Donlon, Texas Gentlemen; Juno 13, 196! dr Refo=once Is made io your "OfBcinl Notice of Solo" and "Ofl3cinl Statement", dated May 26, 1961, of f $5,200,000 CITY OH DENTON, 'T'EXAS I:L2r'MRI(I REVENUR 130N1)S, SERIES 1961, both of which ' canstltuto a part horcoL For your logo "y issued bonds, Whig jssltod for the purpose of providing funds to Improve and extend th9 City's Electric Fight and Power System, and no dowrlbed in said Notice, we will pay i you por and ncerued interest from May I, 1961, to (Into of delivery to us, plus a cnsli promhnm of 1 for bonds maturing and bearing Interest as follows: Interest interest Amount Ma_ ferity "Is Amount Malurlt Rale IaMnN . Iurlfy Rate i li $5OOtl 11.1.68 Ameunl. Ma S 00,000 11.1.72 _ 10 1 $]30,Otl0 11 .1.82 t 18,000 11.1,64 OX° 95,000 I w.73 ..3#7 -Vo 185,000 11.1.83 % 55,000 11.1.65 ° 95,000 11.1-74 _.3e7~146000 11.1- 70,000 11.1.66 n , 84 30C -96 100,000 11. 1.75 ..3,►75r._.~f, 355,000 11.285 . _.,3.4I1._,gt, y 70,000 11.1-67 105,000 11-1-76 015,000 11.1.86 70... G 75,000 1w.68 ..gt', 110,000 11.1.77 540,000 11-1.87 ft _n ti 75,000 11.1.69 2. _ry0 115,600 11-1.78 3e7y' 560,000 11.1-A8 o z 9 85,000 11:1 70 ._,o r °O k S 220,000 11.1-79 3e7y $89,000 11.1.89 % . 85,000 if 1.71 -qh 125,000 t[•1.80 610,000 11.1.90 4 125,000 11.1.81 Interest cost, In accordance with the above bid, hi M' Gross Interest Cost , Lees Premium , . . . $_._~1t~78yiS-i~1O8~75 , a000 1 ' NFT INTEREST COSR' , . t1 G'r 8 y o06 7~ r .ir- EPPECTIVE INTEREST KATE ( t _,199~~ . gG , Attached hereto is Cashler's-heck of tAl Te=n Batik, -.6.---.-.-'-.--..' In tho amount of $104,000.00, which represents our Good Kalth s r'~ Deposit{ and which is submitted In accordance with the terms nt. set forth in file "ORicinl Notice of Sala" and "OfAci&1 Statement", Respectfully submitted, lq'' Smltlir lkuney Fc Ou. mid Annoplatee I Authorized Reprosentativo ACCEPTANCE CLAUSE The above and foregoing bid Is hereby In till things necopted 1>y,,* 'ity of I)ontnn, T s, h,is the 11 It day of Juno, 1961, y aybr, City of Denton, Togas City Secretary, City of Dontotij Texas ~t •Avo W t Gl Faith Deposit is horoby acknowledged; _ _ IN, n'1! , OFFICIAL BID FORM Honorable Mayor and City Council is City of Denton Denton, Texas 'f (lentlemen; June 13,1961 Reference Is made to your "Officlnl Notice of Saln" and "Official Statement", dated May 26, 1961, of $5,200,000 CITY OF DENTON, TEXAS FUCTRIC REVENUE 13ONDS, SERIES 1961, both of which constitute i% part horouf. For your legally Issued bonds, being lssuod for the purpose of providing funds to ' Improvo and extend the City's Electric Light and Power System, and AS described ht wild Notice, we will pay you par and accrued interest from May 1, 1961, to data of delivery to us, plun a cash promlum of E; for bonds maturing and boaring interest as follows; Interest Intorest Interest f` Ameun} Maturity hale A~mounl Mauk RaIc Am- ounl Ma. tuck Rate . $15,000 11.•1.63 _.._4~ $ 90,000 11.1.72 $130,000 11.1.82 f 15,000 11.1.64 °b 95,000 11.1.73 135,000 11.1.83 . t,.'. 59,000 11.1.65 rYn 95,000 111.74 3145,000 11-1-84 - 70,000 11.1-66 .,rye 1110,000 11.1-75 ' 55000 1I-1-85 ^~o d 70,000 11-1.67 105,000 111.76 515,000 11186 75,000 11.1.68 __._yf, 110,000 11.1.77 "f. 540,000 11.1.07 73,000 11.1,69 _ / 115,000 11.1.18 _q£ 560,000 11-1-88 %u 85,000 I1-1-70 rya 1200000 11.1-79 585,000 1t-1.89 __qS 85,000 11.1.71 125,000 11.1.80 .4o 610,000 11.1.90 125,000 11.1.81 %n Interest cost, in accordance with the above bid, fs; P Oros Interest Cost , . . , , Less Promlum , , , . , . , , NET INTEREST C09'T . } EFFECTIVE INTEREST RATE °.u k Attached hereto In Cashler's-l"ff Check of tht rdultits lultiotul `'Ft DMh laM iftill -Bank, In the amount of $104,000.00, which representr our Good Faith It Deposit, and which Is submitted In accordance with the terms as set forth in the 'OfActnl Notiro of RA and "Ofpclot Statement f~ Res ally submitted, ; t't 9 Authorized Rapreeantativo ACCEPTANCE CLAUSE: The above and foregoing bid is horeby h; All things accepted by the City of Denton, Texas, this the 13th day e a of June, 1961, 1 ATTIS'TI Mayor, Clty of rientort, Texas City tlecrotory, City of Denton, Texas ' Return of Good Faith Depoclt Is hereby acknowledgnd; ,i ley e s t !j ~s l ti a t k t i F r .t_ t OFFICIAL BID FARM Honorable Mayor and City Council City of Denton Denton, Texas June 13, 1961 Oantlemom F Reference Is made to your "Official Notice of Salo" and °OR'icial Statement", dated May 260 1961, of ,i $5,200,000 CITY OF DENTON, TEXAS ELECTRIC REVENUE BONDS, SERIES 1061, both of which " constitute a part hereof. For your legally issued bonds, being issued for the purpo3e of providing funds to s I'! improve and extend the City's Electric Light rind Power System, and as described in said Notice, we will pay i, you par and acc,aed interest from May 1, 1961, to date of delivery to its, plus a cash premium of 168.04 _for bonds maturing and bearing Interest ns follows: ,i Interest I"Welt intorost h Amount Maturity Rate Amount Maturity Kato Amount MaturhY Nato $15,000 3 90,000 11 4-12 ._J^! $130,000 11-1•82 16,006 11.1.64 95,000 11.1.73 31 % 135,000 11-1 83 .-U29-% 55,0'00 11.1.65 u °6 95,000 11.1.74 145,000 11-1-84 30-CL_96 70,000 11.166 ' % 100,000 11.1.75 ..3a75_ 96 355,000 11.1.85 _..3#911_.9'0 j 70,000 11.1.67 _ r-% 105,000 11.1.75 ! o/ 515,000 11.1.86 _4AL90-% 11.1.58 96 110,000 11 .1.77 0 . 540,000 11 1.87 4 __91'a ' 75,000 11.1.69 115,000 11.1.78 3*75__Vo 560,000 11.1.88 85,000 11.1.70 ....Jr ' S6 120,000 11.1.79 __3&71 90 585,000 11-1.89_. 85,000 f t-1.71 __.J-___/6 125,000 11-1.80 3t7% 610,000 11.1.90 126,000 11.1.81 __N29 61 S` Interest cost, in accordance with the Above bid, lei Gross Interest Cost $__40d78t648,75 t . Less premium . . , . . }~~i8eA0 I+``r ' NE7' INTEREST COST , . . . 4 678 ] 84s75 U~ EFFECTIVE INTEREST RATE Attach ton, ereto t"~~eshiers CYaOtillavOd heck in the amounFt~of $104,000,00, wltlah^represe.hts our Good Faith F! S ggy 1 p.. Deposit, and which is submitted lit accordance with the terms an set forth in the "Of tint Ncfico of Sale' and t,. "OR1cIAl statement" Respectfully submitted, r 6m1t110 vniney & Co. and Aaeoaiat.,.z , 41. Authorized Representative r ~ ACCEPTANCE CLAUSE The above and foregoing bid Is hereby in nil things accepted byo* ity of Denton, T s, thin the 13th dsy of June, 1961 ,o= ATTt£S 1 K .1Vlrtvor, City of Denton, Texas City Seoretary, City of Denton, Texas amsetu t` Good Faith Deposit in hereby Acknowledged, By- t, , f~ a t ; t f; I C . A` 9 Ct~ r r ry `L 4 i F f 1%11; STATC OF TDXAS COUNTT OF DENTON S CITY OF DEIITON { On this the ~3 1'y day of JTune, 1961, the City Council i of the City of Denton, Texan, convened in s . , L 1 meeting) at the i relp:.l.ar meoting place, with the following members prosent, to-wit: Frank R. Barroir, Mayor) Thomas E. Noel, Ceorffc F'. Upu7.ler, , CoatncIImen, W. F. Brooke, INery Taylor, : .~s Dr. D. Buttrill, City Sec.rotay, and with the following absent.oo~i , I conatituting it quorum, at which time the following proceedings Vero had: ' Councilman r N~~ introduced an ordinance and moved that it be paused. The motion wan seconded by Counn.ilman The motion carrying with it the peonage of the ordinance K prevailed by tho .following vote: AYEA: Councilmen Noel, Spuller, Brooke and Taylor and i Mayor Barrow. yi NOES: None. Y' T1ie ordinanoo as paused in as followo: ORDTNANCI N0. ~OI-l~ 4 r i. BY T1W, CXTX COUNCIL OF I'DIE CITY OF DENTON, TEXAS, PROVIDXNC FOR 'PHN ISSUANCE OF CITY OF' DWTON, TWAS, k.LEOMIC REVENUE BONDS, SER11;5 1961, XN Tim AwRIs'- GATE AMOUNT of $5, aoo, OOo .Oo, nyvao XNT'E1t w AT T112 RATES 11104INAk'M SET F0I1T'N; TO SECURE) FUNDS t ' FOR W, PURE OE OT nVIROVINO AND .WT'IaNk"1TNG T11F CITY 1 a ILI ' ELEC'1 a LionT Alm POIVER 'SyJT'w, P1 EsollmINO Tur " + i FORM OF 130Nll; PLEDGING VIA 10nWO OF TH1 CX'17'b liLE(THTC LIGHT AND POWER 6YSTIN TO T'III PAYMN= OF THE PRINWAG OF rWD 7J;1'LRr'%511 ON WO VOND.;I -VRO- j VXDING FOR '1111; YAPTEJSbI OF OPMIATXNtl OPLID V3TGN; Mt1A/1KIN5 CERTAIN COVMANTS OF T118 CITY IN REVWNUF 120 '1'1IL BONDS. AND 1'1IN. BOND FUND FROM WRXCIk. SAID PIIIHOTPAii AND TNI Ally '10 BN PAIN PROVIDXNO ri71AT 11M 1101' I}Irit Ol't IIOLDL'RS OF OAID BONDS SHAId, NIM111 IIAVrj Ti'% alT(1i1'1' TO DIIIAND YAWL N'1 OF SAID ODLICA11110ka OUT OF ANY FUND,) RAIDJU OR TO 138, RAYS- 1-11) BY TAXATION, AND Rt- I At, ORDINANI V WN- II'L7G"1' ILEREWITii: WHEREAS, on October 12, 1954) the City Commission of the City of Denton, Texas, parsed an ordinance, as amended on November 2) 1954) directing the issuance of $4,300,000.00 C:lby of Denton, Texas, Electric Revenue 'Bonds, Series 1954) dated November 1, 1954, (hereinafter called 'fortes 1954 Bonds"); and WHFMNAS, on May i.'7, 1955) the City Commission of the City of Denton, Texas, passed an ordinance directing the issuance o' $1.050,000.00 City of Denton) Texan, Iilectric Revenue Bonds, Series 1955, dated May 1., 1.95j, (horuinafbor called "18ories 1955 Bonds"); and MERhAS, on November 8, 1,955, the City Commission of the City of Denton) Tax-as, passed an ordinance directing the issuance of $1037,000,00 CA-y of Denton, Texas, Eleotrie i,evenuo Bonds, Series B, 1955, ' dated November 7,, 1955) (hereinafter called "Series A) 1955 Bonds"); and WHEREAS, said bends above described and said authorizing ordinances reserved to the City tho right to issue Additional Parity Ruvenuo Bender under the conditions net forth in Oeetion 21 of said 1954 au6horizing ordinance and WIRHEAS, the conditions proscribed in Section 21, of said 12 1954 authorizing ordinance have been fto.filled and exist no that the City now has authority under said Section to issue the Additional Bonds herein authorized; and MUMS) the City Council has here 'ofore determined that i a` It is to the best interest of tho City and of its aitizons that it issue additional ravenuo bonds of said City for the purpose of improving and ex. ` tending tho City'u Fleatric Light and Power b'ynteml edid VMPR M) pursuant to such determinai;ion, the City Council of the City of Denton, Texan, p[inaed an ordinanao on January 'r) 1960) calling p' rut ol.aation oil the fol.l,owing hropomritions "Mull the C9;ty Council of the city of Denton, 'i'exao, lie authorized to issue the bonds of said City in s tho amount of $5P20O) 00.00, maturing aerially In such i.nntaJ.I.menta as smy be filed by the City Counuil, the maximum maturity being not more than Forty (40) years from their data, bearing interest at a rate not to exceed per annum, for hlte purpasc of' improving and extendinCi i i 1 L the City's M.eotric Light and Power System, to be issued in accordance with and secured in the maralor provided in Articles 3:111-1114, both inclusive, of the Revised Civil statutes of 'T'exas, 19251 as amended, each bond to be eon- ditioned that the holder thereof shall never have the right to desmrnd payment of said obligations out of Hands raised or to be raised by taxation, oeourod by a plodge of the not revenues from the operation of tho City's Electric Light and Power S;vetem. Thirty years is estintatod its the probable period of lleeftllne0e of ouch improvements." j! and- 1,111 Lznls i, the election held ill paid City oil 1,110 30M, day of January) 1960) a majority of the rosidont, qualified elec Wra ovning 1 taxable property in said City and who had duly rendered the name for tax- ation voting nt cal.d election sustained the "propooition to issue the bonds heroinai'ter described by the following vote) r. , "FOR THE ISSUANCE OF ELECTRIC LIGHT AND 1151 Votes; POWER JYM4 REVE M BONDS" t;. "AGAINST THE ISSUAIRCF OF ELECTRIC LIGHT AND POWER SYSTFX RE'VENUV BOND.," 476 Votne; an is reflected in the election returns heretofore filed with the City Secretary; and MIERVAS, it is now necennary and proper that the City ` Council proceed r:r:l.th the Inuttanne of such revenue bonds) THE COUNCIL Or IME C117 OF DFNTON ilE11F7aY ORUAINSs i J.. That to provide funds for the purpose of Itripi,,5ving and extondi.ng the City's M.ootri.c Light and Power 6yotem, pursuant to the Constitution and Statutes of the Statn of Texas, including particularly I Articles 11.11 to 11.13both Inclusive, of 1.925 Revised Civil Statutoo of Texan, as amond.ed, and the Charter of said City, there shall be irsuetl 'rCity of Wilton) Texas, F.leutrie Revenue Bonds, Series 1961", it99regatiltg I, Five Wilion ~Wo ISUnrl-od Tbou(jand (15,200,000.00) wilars, number0d from aO0 , both inclunivu, ov the dc- once (1) to rive r11lousand Z1, 1lundrnci (y,'. ) noillination of Ono Thousanrl ($J.)000.00) D014larn each. 2. That caicl bonds shall be dated January 1r .1.961., and sho,11 bear i.nt:erefit from May 1, 3.961, at the raturs as follows,. 1, Bondy Nos. 1, to I s , both iftol., ~r per annum; Bondy Noe. , i d, to i6' It " por anntun; Bonds N05. !°x • to , I It per cxtssannum, oS, „ .1=D i` per tmt; Bonds Nos, hze.L to It 'N per annwn; Bonds Nos. %.I to -,~0, ~E-- payable Novembor i, 1961, and eemi-annually thereafter on May let and November let of each year, and shall bocane due and payable serially us follow 1 BONDS NUAIDERS MATURITY 'ES AMOUNTS .I fi ' v ,000,00 1. to 15, both incl., November 1) 1963) 15 16 to 30, November 1., 1964) 15,000 00 31 to 85, November It 19651 55,000,00 r, November 1966; 70,000,00 t7G to 70, 000 , 00 156 to 225, " Novembor 1967, 226 to 300, November 1, 19681 75,000,00 November 1, 1969, '750000.00 01, 376 to 375, to 160, November 1, 1970, 85,000.00 46161 " 14 to 545, „ It Novembor 1, 1971, 850000.00 gp~000,00 546 to 635, „ 1, November 1, 1972) 95,000,00 636 to 730, " November 1,973, r November 1) 1974) 95,000.00 73l to 82>, 11 100 000.00 " November 11 ].9'75, ' t,,L 826 to 9?5, 10,000,00 926 to 100, November 1g76, November I 19TO 110,000,00 s 10L to 1.1 0, 11 41 to 1255 'r November 1, 1978, 115, 000,0() , 1256 to x.375, November 11 1879, 12tl,000.00 s 1376 to 1500, November 1, 1.980, 125,00000 ;y „ November 1, 1.981, 1.25,000.00 , 3.5ol to 1.6}, 130000-00 o It November 1., 1.982, t l6p.6 to 1755, i[ November 198gg, 135000400 1 x l 5 ,000,00 i 96 to 189o, November 1, 1.9811 5 , r ~ 8 1 to 2035, r, OW.00 November 1, 198 515, 2036 to 2390, " 000,00 's 2391 to 2905, ° November :L) 1986, Ir0 000 00 2906 to 3445, November 1, 1.987, 560;000.00 g►46 to 4005, November 1, 3.986) 585,000.00 t. 3 1 „ November 1, 1989: 4oo6 to 4590, Novomber 10 :1.990, 610,000.00 4,,91 to 5200, ;.r. 3. x'ha', raid bonne and aoupona eha2.l be payable In laws AG,, money of tho united stater of America at the Firut $bate 11ank of I)onton, Denton, '.Cc3:aa, or, at the option of rho holder, ut the Firrt National Baulk , In Da11o.a, IkzI 1'exae, without exehange or eo].:lcetiet charger. ,`,b the owner or holder thereof. f, 4, In 13onda Nwnbere Ono ri'nouannd Thirty One (1)031) to R; V1 e Thousnnd (ISro Hundred (5)200), boL•It inclueivc, Lha Oity renarv„a the option of calling enah such bond for vedemption prior to aucn,uvity en any intorent prymont lute on and after November 1, 1.976, at per turd accrued in- F torast to oAte ro freed for redompt,Lon, 1)7.ur the following premituna il' re- doomed at L•fre following timcat i i November 1, 19'(6 or May 1 1.977 - Gl November 1.) 1977 or 14ay 1, 19711 - November 1, 19'(8 or May 1, 1979 - l•Ri November 1, 1979 or May 1, 19©O - 1~l November .l, 1980 or May 1~ 1901 - A%. I There shall be no premium on such bonds which may be redeemed November 1, 19a1t or on any interest payraent date thereafter, 't'hirty days' notice of such call i shall be given in writing to the places of payment and notice shall be pub. l.iahod in ca financial, publlmtion publinhod in the City of New York, New York. Paid notice shall appear in suid publication in at IOust one teeue, the date of paid lonuc being; not less theta thirty days prior to the data no fixod for re- demption. If any such bond iu eaLl.od for redemption in said manner and if 00 4 fluids sufficient to pay the redemption price shall have been duty placed in the banks of payment by the date fixed for redemption, it shall, not thereafter bear intorer€t. If fewer tluua all of the optional bonds are called for re-, demption, they shall be called in their inveroo numerical order, That each of said bonds and interest coupons shall r i be exeouted by the imprintod facsimile nignature of the Mayor and counter- i signed by tho imprinted facsimile si.gnabure of the City 8ecratary, mid the ` corporate seal of the City of Denton, Texas, shall be itnprossod upon each of said bonds. ouch facsimile signatures shall have tho same offset as manual ~ &ic{naturos. 6, '1' hat naid. bonds shall constitute special. obligations ~I of said City of Denton and cash of said bonds shall, contain the provision that tho holder thereof shall. iiever have the right to demmd payment of said obli- j.' gation out of Ruins rai.ed or to be raised by taxation. The form of said bonds shall be subotantial.ly as followos 3 $1, coo, 00 x No. UNITED 61PATrtt O AMPA110n Smnh'N; OF TPOCAS COUNTY OF ilFI171ON CITY OF, 1)LN111ON 1x,L:CT1110 11,rVr21UL1 BOND s1,lisi,,tj :1961 ` '14ie oi,k;y cP Dork.ton) In the County of Denton, Rate of / '.Csxas, a municipal. corporation duly incorporated under the laws Of the E)tvto of Toxao, for value reoeivoQ. hereby acknowl.edgen itself indebted to ruud. rr~ of November, 39_ _ r die iium promises to pay to the bearer on the lot day of ONI T11OU5ANU 11oI,LAHkq s of America, with illtOrest thereon from in lawful. money of the United Stale j evidenced by coupoao payable Ma t, .1961, at the rate of per natntun, Y• November 1, 1961, and semi-annually thoreadter oa May lot and November Int. o'P each year, until the princIpal. uum shall be paid, which interest in pay- able in lawful money of tho United f;taton of America, upon presentatjou uazd Gurrendev of proper coupons as they ecveral.ly become due, both principol and able at the nrot Mato Bull]-, of Menton Benton Texae or, interest boin., v .ay at the option of tho holdor, at the I'trot National Dank in 1kallas, D117-aa, r or bolder hereof owno Texas, without; excliango or collection charges to the This bond in one of a sorics of bonds of like tenor and ; effoet, oXeopt as to number, irpterast rats, maturity and right, of prior re- ousand Two 11undrod (51200), both in- ivo 1'h ` to F domption, numbered Ono (1) 1) W0,00) llollarn each, nove- c5.uoive, of the donomination of` One 7'houaand ' llc,^s, issued by l gating Five 14111.ion Two Hundred 't'housand ($502001000.00) 3b s the Oity of nanton, 'Toxao, for the purpose of Improving and oxtehcting tho I + 's F2.0etrio Light and Power Syntom, in accordance with the C .satitubion Oiby xsuant to and lava of the Mato of. Texas and the Charter of said City) an --I's tho Oity Oottnej.l, duly reoorded in the minutes of e passed by an ordinanc said city Oouno11. with the ordinance j The (late of this bona in conformity above mnntiosied in J'an+aary it 1961, *(ThO City roaorvos the option of calling Ronda Numbers ~ ~ 20G), both One Thousand jbirLy Onto (11031) to Vivo 11'housan(l Two hundred. ity the Inoue of which this is one, for redemption prior ~ matur and - l , of inclusive intcraE+t S+aysnent 0.vto on and after Novambor :L, 19'(6) t on any 1 ncorued ln5;e~~ent, p1.uu thu fo'LlowinL premi.wr+s f rerlaomed at the following timeei Novembor 1+ a976 or may 197( g; i November It 19'(~ or Ma1r r 97 NOVOmber or May 1, 979 - lah; l'lovember It 19'(9 or may 1., 1980 - 5.) November 1) '1980 or May 1., 3.981 - k 7.91ere ahal]. be no premium on such bondG which nxty be redeemed ttovember .1, : 1931, or on any interest payment data thereafter. 'Thirty days' notice of.' payment and raid notice such call, ohall be given in writing to the p].aees of of NOW Dhttl.l be publi0hed in a finaneial publication publi0hed in the City York, New Yorlc. grid notice Dh0.1 appebr in said publication in at least, ono 10DUe, the date of naid innuc being not 1039 thwt tlrtrty day0 Prior to for rcdenjl,tiott, if Duch bond is eaJ.led for redemption ill 'ixcd 1110 elate 9o f said recl0tn7,1 ion prier, 9ha1], have i'undo nuffLcirnt to pay the mnnnet 'Intl if ,laccel, in the bank:; of payment by the date fixed for redemption, bean duly l onal shall not thereafter bear interout. It' fewer than all oi' the op%li sha11 be called in their inverse bonds ore called for redemption, tltey numerical oveer.) 11h9 city reserves the right to inauo additional onal parity waterworkD and sewer syatett ; t Duel power 9ystom, ;i revenue bonds for c.lcatric. light, ir,tprov0montD and oxtenaions, wider the conditions Dt%ate3 in the Ordinance saki bonda being iucynble from the arxe aourco DD are thi.a bond, authorizin(, Boncls, the Sorios 1955 gouda and tho Corica B) 1955 the Bonda of thin 10BUe, wtd shall. be on a the soxios 19511 bends and aectired by tho Dame revenuer, Bonds, tito aeries 1955 d 1,955 5 ;..,arity with this isoue of bonda; the f 3exi.ea B, r Bonds arid tho seri.c0 1951E Bonds. In the event the city lator oxerciser the ri.&it to its electrio light, ontterworks and 0anitazy rower t0ratiotts Of r, aumbine the of the aeries aystemo rooerved to it in section 13 of the ordintulci authoriming the soxiou Bo 1155 Bonds, tho 9erics . 1951t Tiottds, the bonds of thic 100110, It BondD, toGethor with Duty additional electric 195'5 gondq and the uoxieD 195 y iaoued acid any revenue ~.it;ht and, power 0ystem revenue bonclr, subaegnent]. Getrer ptlr~ eafter innucd for watorworks and sanitary theretofore or ther bonclE lmittod by law at Ouch titre, will, poa03, to bh9 oxtoni; and in 1110 nu~nu0r Po in9luding all aclditiono, be payable from the revcnuecs of tha combined syatetnu ntema. uxten3loitD and improvem0nta iitoreaftOr mac10 to raid combined nY I i t 11 succcooive ;folder of thi bond and each successive lavh s the couk>oun hezeto attached, is ronclusivoly presumed Ixo to l.dei of each Of forego and renounce his equities in favor of mibooquent holders for value rrl:thouL• notice, and to agree that this bond and each of the coupons horeto attached, may be negotiated, by delivery by any person having poonession hereof, ho„noever noon poanession may have been acquired, and that any holder who shall have talten this bond or any of the coupons frora any person for value and rrith- out notice, thereby hV..n acquired absoluto title thereto, free from "y defenses enforceable against am prior, holder and freo from all equities and claims of ownership of' any such prior holder. The City of Merton and .tte officials and 4+ the paying agents hexe.tuaboye homed shall not be offooted by any notice to the .i contrary. 117aia bond and the nerios of which It is it part, together :f with City of Menton, Texan, Electric Revenue Bonds, Series 13, 1955, dated iaaued ill the amount of $1,387,000.00) City of Dotson, November 1, 1955) dated lday 1, 1955) i0alle'i it; the Texan, 1•,leetriu Revenue Bonds, ;;Cries 1955, ~ amount of 0-050000.00) and city of Denton, Texas, Electric Revenue bonds, ionucd in the amount of $4)300)wo.00, eerier 1954) dated Novotabot 11 1954). of Wilton, Texas, payable both as l.inationa of the City ncnstituto special ob ' and secured by it rivet lion on and plodge of to principal and J.ntorast from .ootrie Tight and Power Syrstam, and the ' o El the not revenuer of the City ' ~j pen{; of thin obligation I holder horoof shall never hale the right to demand pay; v out of any 4'unds raised or to be raised by taxation. f AND 7T IS 11iilirllY CEI2111FIED .AND 1=110D that the issuance I If of this bond and the wrier of which it in a part, in aul.y authorized by law and by it nxsJority of tho resident, qualified electors owning taxable property in said L'ity, and who have duly xondered the name for tn>soi,lon, voting at an election hold for that puruoso wi.thi+l said 0ity1 that rill rata, conditions oasdent to and in the, icouance of thin bona to and tnings required to exist 1n ' nnor one, have hupponodtand conifer the ijtear laarful and valid, have been properly d beorr prrformod in Vo ul.ar and due tJ..woj form and nur an ractuired by Constitution and lean of the State of Texas) and the brdinanro horeinabove mantioned and that this series of revenue bonds does not exceed astir consti- tutional or statutory limitations, and that provision has been w.,,e for the payment of the principal and lnteroat of this bond and the series of which it is a part by irrevocably pledging to the p©yment thereof' net revenuea of the Electric Light and Power :3ystem of the City of lxntorr. IN 'i7s'51TYMOIN InIfQ l0l', the City Council. of the city of Denton, Texas, has eausod the seal Of' ccrid City to be irnpressuJ. hereon and than bond and the annexed coupons to be cxectiteit by tin facoimilu r3lotattrre of the Wyor and eoutorsignmt. by the laesifnilu nitntatw'c of i;hr, City Secrotary. ylyor, C 1-y-6-foam ton, !'eras COUN9MIGMTn: ;y y Teora ary, City of n -on) Toaac. *(W.is paragraph should be omitted from Monde Nos, 1 to 1030, bath .Incl., ) t~ Tile form of raid eouponr, shall be subtAnntially as 1 I follows I NO. r; ON TtIF IST. DAY 010 The OAty of lknton, Texas, out of the revenues upeeified in the bond to which this coupon lu attaohed, will. pay to the bearer *(Waenu n the bond to whiuh this couilon I,e uttachect sltalJ, havo. been called for previous t redemption as therein providad and provision for the re(lompti.on thereof Trade), A the Ffirst Mate TWilt of Dorton, tk;rton, lrcxas, or, at tiro option of the u holdorr tit bile Firot; Nutional i)ank in Dmllaar ilalla:;, Toivl, p without ttxohmnge or col,lecti.ott charger, to the owner or )told(!.(' hereof" rho 11111; of 11; Iuwilil money of the United I'Asten of 1UROPlua, said ulmr being )nonttu+' intoresL duo that r! day on of ik;tttottt 'i'exttn, Lt.cetx':Ec itevcnuc !Son 1, Ilcrieit 1961"0 bcarittES l;lio ntu;iber hereinafter speoii'i0d) daLcd Jnmin7,'y 1, 19(;,i.. The holder tieroof , i `v i sha3.1. never have the right to demand payment of this obl.it;ation out of futsds rained or to be raloed.by taxation, Bond No. , - _ malty` euetar' Y`~_ _ Mayor. {'this hetienl expression shall be printed only in coupons maturing 14ay 1, 1977, and stabsecluent. ) 9, qbe form of Comptroller'cs certificate, which shall be printed on the back of each bond nhail be substantially an f'011061s' OVrICr OF COMM"ROI,T,I%li STATr: OF '2M1. I 1f[:11T.71y ChTUIFY that there in on file and of record in my office a certificate of the Attornoy General of the State of Texan to the affect that thin bond has beelt oxamined by him as raga:trod by law, and that he finds that It has been iosued in conformity with the Constitution and laws of the State of Texas, and that it is a valid and binding special. obl:.Sation i, of llenton, Texao, payable frVIA tite revenues pledged to Its payment of the City ;i t>y and in the ordinance authorizing name, and eai.d bond has thin day been i a rogiaterc(l by Ina, WITNEUS MY 1ffl D and coal of office at Austin, 'T'exas, t it Co troller of pub. io caoun s o the } State of 'Pexas 10, All of the covenants, provisionns powers and con" r' as arv~nded ditione contained in the ordinance passed on october 12r 19540 November P-) 1.9'1311, authorizing the Series 1954 ponds, saoar.lney such boncla, shall secure said cxiu+ 1961 13ond.n, and aliply to and povorn the righta of blie holders thereof, as dally and orrootually and to the name extent and in said covenants, provisions, powers and oanditiona it all of as the awes manner ' have been here fully set forth. : Pho maid Geriers 1.954 33onds, the 13eriors 1955 Bonds, the i Bonds and the Sarias 1.961 Banda ahall be ort a Tarity in all Heries t3, 1955 reference renpoets no that no bond of any ouries shall. be enbiUed to ony p or priority over any bond Of the other aeries, 11, Without limiting the generality of the provisionn of enantn, as 000"on L0 above, the City specifically aovs i`ol.lowrs; i A. RATTS; The city will. charge and collect; for servi.ce0 rendered by the ;;,ystem rater, nut'ficiont to pay all. Operating, m:lntenance, depreciation, replacement and bottermant expensca, and other coots decluctibl.e in detei•;nilting Not Revenues, and to pay the interest on and principal. of' 13011(10 and the, hoaerve Ruud payments, an they bocom0 due. Not Revonuea mean the i (;11000 ^.'evc:nuen of the Syntom 19ra the expenan of operation and maintenance, inoludI ng all ual.aries, .labor, material.u) repairs and extennionu ncceanazy to render effi0iont ooi'vicr,, pzrovidccl, however, that Only such relnivn curd extonsiono, ao in the Jud(gnont of the city council. are neccsnary to keep the Syntem in operation rmd render adequate aerviee, ov such au might be necon- anry to moot some phynieal accident, aliall be deducted in determining Not ~I IlOVanuos. Ito free service shall br1 a1.1o1red. B. S7CSTL14 h'ITNl); All, rov0nuea received from the operation of the Syotem ehall bo doponited in this IVnd, and shall first be oxpendod to y pay all, operation and maintonanco expOW.100, 0. XNTAIkWSl' AND IIEDII` IVION MIND; (l.) The city i,a presently malting monthl.y doponita in this fluid to the m,odi,t of the outstrmd» Jng bonds an airlouut equal to J./(th of the noxt tnaturln0 semitttumua:L interest 4 and 1I3.2.i;h op the nolct maturing principal. These deltosito rtllall. be inoroasccl to an runotint ueoosnaxy for the payuiont of maturing inh.ereat and principal on x thos0 -1'.5,200)000.00. r ; 1:. 2` }fond ordinaneon authoririnu oututanding Llnetrie lleventle Wilda roeitn that the agfsrogaW amount to be acolunulatcd in 010 itrnorvo Auld ghal„1 be 11'.3(1'(, o00.o0, wilteh amount wan on depouit therein and actoraint, thereto, on May 1, 7.961. tlhc Oity cloponitnd ill rho licsorve AWd from avallabl.o i`rulila on Wty q, 1.561., the stun or $3y,6,M.00, an an aclditiolucl. lie0orve in anticipation of' the J,urunnoc o,l' tho0c bondrl. rAox amount ropre- oc stn n mont111.Y doposJ.t or :p 1 joO.On frorn January .Loy lg6l., through CI: flcptember 10, :1.96:1.. '11io n imo 0ha11 thcroaftor be nupll5.emcntocl On the 10th slay o1' each month, nnminr?ncin(,, hntolbar 1.0, 1961., by alto rvnotult of $4).I.80.00 until ouch Brno as the Renervo Mind tntaln ;~1i3'(,f100~o0. Wic lovor Additional. ' 17011dra are i.uotteil, fltc aggvcgatc amount to be accumu.ltsted alit luOntainod in the Reuerve Fund shall be inereanod to Fin amount which will, be not 1.e013 than the maxinaun principal and interont requirenu:nts on cil.l bonds to be outotand- ln( after tiro isananec of eaicl Additional Bondo, 1). I'xTER SION AND 77WROV ROU FUND! Undez exi•stLtg llond Ordinanooa, the City is required, after the abovr. requirements have f been met, to deposit in this Mind on or before the 10th clay of ends month, i a cum equal to not lour than 122'f, of the group rcvonuon of the 5ynteln (luring the preceding month. Moni.cu in uaid Il'und can be used only for the purpose of paying the coat of extonsione and improvements to the ISyotem, ox' to retire prior l,o maturity Revenue Boltcln Outotandin(,, ngainab the 1yatnm except ghat i. to the extent that monion in the Interest and Rodomption 1A1uid and Rooovve Account are inouffieient thorefor, nail monies must be usod for the paynnent of w.turing principal. and interest on Bondo. x C. MC3s 8 R1''VENU1 q1 Any rovenuos in excosa of thooe roquirod to maintain the 1,11ndo an abovo rcquiroil may b,e unod for the ro- dolimption of Bonclo thon oligiblo for prior rodemption, or for the payment of ally lawfa3.ly iasuod aubordinato l.lcn bonds, or for oxtonslona of tiro System to the extont nor or heroufter pormittnd by law, anti U0 irl the opinio i of a compatent and generally rooognized ooginnor, such extensions will pro- duee surficiont revonuea to pay for their maintenance said operation and will ) impose no additional. enponsa on tho then oxiotinj oyatecz, or for Only other ii law('ul purnooe. V ADDITIONAL 31ON17f17 'no City roaorvas the right to isouo Additional lfondn of.' equal dIL*iI.ty with the outatanding 350nds and. those $5t200)QM,GO ]Joule, unflar the following conclitionat (l) Each oP the Minn contalric thcI amount of monoy then requivod to be on cloposi.t thuroinl 'Xho Not Earnintic of the Oyntom for Maly eonriaaift.lvo uvel:vo monthu oui: of the f''Iftoun monwuj next proeedirig the dAto of the bondo thou to be .innued, or for the .M.CO. yettr noxt procoaing the dttit:o of tho bonds than tobe ioauod, are ocpal to at .Leant J.,;iO tlmoij the combined grin- oipal acid Jntinrout roquirel,fenta of nl.l botlds to be outatandilt(, ui'ter the issuaneo of the Additional 33onds when auch rocjuiromento are the groatest, of 0"(111 Not Uxrningn are shown by a report of a Cal'tlfiad Public Maountahti (3) A certificate by nn independent engineer or enginoer- Ing firm of national. reputation shows that the annual Net l:arningo of the u'ystem for each of the years ;erorn the date of suvii certificate until the final, maturity date of the ]ant maturing bond will be equal. to at 10410t 1.50 trues the nuiximtua (Muotutt required in any year to pay principal. of and inter- cat on all bonds to bo outatrmdinf, after the issuance of the Additional Bondej (il) Umt the procecde of arch bonds shall, be uaed solely for the rruilcinlj of improvemonLo and extennIonu of the oloctric light) water- works and serer system which imy be lotcrnd,ne(I by the City Council to be neeeasery and economically foanible; (y) 'fhe Addi.ti(jnal Bnrtls nre. made to mature on November 1j (6) 'Die Additional. Bonds provlou:;l.y shall, have been voted by the qual.ifi.ed property taxpaying voters of the City. ;f C, ACCOUN'i',4 ANj) ACCOLTM..140 REVOIMB i She Cl Ly nhall `f Iceop proper boolto of rocordn and acomatn (saparato and apart from all other records and aonoturts of the City) in which complato end corrort ontxico shall be muto o: 0.3. trannrtationa relating to tho Systom, anal "hall have aaid books i audited onae each fiaaal year by an independent cortifiea public accountant- 11, xr1D1jf OF,: Thu City will maintain for tho benefit l t' of the holdart; of the bonds :l.neurance in the amunto and of the kinda which j arc usually carried by private cumpaltion operating similar properties. { 1. c:'OYLtIIFD S'1'8'1'1-7430 In the event the City later obtallm atalntt:ory authority it may eumbltte the oparaUonn of i,ttr Keutrio; Water OAd dower Syntomo, If and wlton nuch till event occuvn those bonds, i,ogether with aiiy asvonuo bonla icouocl Cov Valor or newer purpooon then outabonding and any addii;i,ona:i, rovenuu 1=40 bhe.rau;fi:nr innuod for eloctric, water or onwc>r 1>ur- ponorl, will be payu,b].u !'Worn zlnd aecurad by an lrrevocablo pled.Ue oi.' and lion on the revonuun of nuoh comb1ned nyr;tonisj provided,, howevnkeo ikhmt the systems t wi.:L:L not be combined unaonn a report; el' an indoluan.dont first oi' certifind pttb:l.i.e acsountanim altown that the ut;r,r af,; to net r~ovonuen of the I,lectriu, 3 iraiter and :juwux Syutarirtr i'vr tht pl'u:cillnq ~'J:aral. yuiir am nol; 3.ean Lhttrt 1-311 i ti.mea tho may.iinurrt age+,relntr. I;oi;rsl Funount of Prin,~jpal, ono: intornot to beetxn.r due in any future t1felve-JIM1111 Varied oil 0114 rovenue, obligations then out- abalid-1,111" which woro :tusuud for aleatrie, water acid waver purpoflou, B2. APPROVAL BY A', IMINL'Y GIVEMAL. Thin issue of' bonds and the record relttiiig the.roto shall be nubmiLted to the Attorney General of Texaa, for hin approval, and after he nha1.1 have approved the cable, they ohall be forwarded. to the Comptroller of Public Aceounto of the ;hate of Texan, who aha7_l promptly regI rater them and he shall. deliver the Donda in aceordiuice with inatruetiona to be Uivon by the dayor. The Comptroller, or a deputy donignat- ed i;i writ.lnt; to act for tho Comptroller, ahal.l nm nun:lly uitm the Comptroller':; cortificate of rotdotration proacribed horein to be, printed on the back of each bona, and the Beal of aai.d Comptrollev nhalt be aifi:•...d to 011011 of aai.d bonds. 13, The aal.e of the bonda horoin authorized to r~ c~a/21V p' h _ e_ye)fd dpWPbJ4yTJVAW.,VQ1g1r d,>dsSSxiirYCd t> at a price of par and aearued i»tereot to date of delivery plus a premium of 1'•i in haroby confirmed. Delivery of' au.h bonda shall. be mado d to uueh purahaoer an noon an nay Inn after the pannago of thin ordinanno upon S; payment tlterafor In accoriltirico with the tezvnn of' eels. 111. All, ordinanaon and resolutions) and 1xlrtn thereof in conflict herewith are horoby expresoly repc,lod inuofar au they confli.at I i a' herewith. VMS= AND APPROVIP~'his the Aj~jt day of Juno, 1961, f( aye , C1 4y o ra °on, exau, A'iTE~Fi'sl , y , 07Y of Dentwi,7exao r o pascal;e; APPIQVFD M TO L VO (I .V+✓ tw - y 0 . IN lob . xlo` i j IBM MATA, OF TIDW ~ I,QUN'I.'Y O 0XV OF DBNTON T, the ullderaigned, City Srl rot ry of the Oit,y of Denton, `2,axao, (to hereby certify that the above and, forrl;(ing ie a tihle Und eerrOrt corky of an ordinance (and of tho minuton pertaining thoreto) palloed by the City CounC31 of the Oity of Denton, TeMkn) on the !3 th (lay of Sti1ne, 1961, Rutlloririllr the iosu(uice, of "$5,200,000.OD City of Denton, Texan, Ueetric Ilcvenu0 11011(1(3, lJor:(eli 1961) Whioli ordinance is duly of record iit the minutes of laid My Cotc.il. IOSEMMID URDF11 MY ][AND rid ses.1. of chid City) thio the k` /+37 day Of Juno, 1961. ; x ILE 10 ty om'ary, City Or'Dentoll, Texas, (TIEA1't) i > k l r l q Ia 1 i i i - 01 , t a s, a r, EN i ~F? j ~j w l I L E