1981-008 ORDINANCE NO 81-0~
ORDINANCE CALLING A BOND ELECTION
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
WHEREAS, ~t ls deemed necessary and advisable to call the
election hereinafter ordered, and
WHEREAS, it is hereby officially found and determined that
a case of emergency or urgent public necessity exists which re-
quires the holding of the meeting at which this Ordinance is
passed, such emergency or urgent public necessity being that the
proceeds from the sale of the proposed bonds are required as soon
as possible and without delay for necessary and urgently needed
public improvements, and that sa~d meetang was open to the public,
and public notice of the time, place, and purpose of said meeting
was given, all as required by Vernon's Ann Clv St Article
6252-17
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS
1 That an election shall be held on FEBRUARY 28, 1981,
an said City at the following designated pollang place
THE COMMUNITY BUILDING IN THE CIVIC CENTER
Said City shall constltute a single elect~on precinct for said
election, and the following election officers are hereby appoint-
ed to hold said election
Presiding Judge Lee Knox
Alternate Presiding Judge Robert E Mailer
2 That the Presiding Judge shall appoint not less than
two quallfled election clerks to serve and assist in conducting
said electlon, provided that if the Presadlng Judge actually
serves as expected, the Alternate Presld~ng Judge shall be one
of such clerks
3 That by approvxng and slgnlng thxs Ordmnance the Mayor
of sald City offzclally confirms bls appointment of the aforesaid
election offlcers to serve at said electzon, and by passzng thas
Ordinance the governlng body of said City approves and concurs
in the appozntment of the aforesaad election offacers
4 That all resident, qualified electors of the City shall
be entltled to vote at said e!ectlon
5 That notice of said electaon shall be given by postlng
a substantial copy of this Ordinance at the City Hall and at
three other public places in said City, not le§s than 15 days
prior to the date set for saad electzon, and a substantaal
copy of this Ordinance also shall be publashed on the same
day in each of two successive weeks an a newspaper of general
clrculatxon published in said City, the date of the first publm-
cation to be not less than 14 days prmor to the date set for
sald electzon
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6 That at said election the following PROPOSITIONS shall
be submitted an accordance with law
PROPOSITION NO 1
Shall the City Council of the City of Denton be
authorized to issue the bonds of said City, an one
or more series or issues, an the aggregate principal
amount of $4,700,000, with the bonds of each such
series or issue, respectively, to mature serially with-
an not to exceed forty years from their date, and to
be sold at such prices and bear interest at such rates,
not to exceed the maximum rates permitted by law, as
shall be determined within the discretion of the City
Council, for the purpose of the acquisition of proper-
ty and making improvements for public purposes, to-wit
rebuilding, repaying, or overlaying streets an said
City, and shall said City Council be authorized to levy
and cause to be assessed and collected annual ad valorem
taxes in an amount sufficient to pay the annual 1nterest
on said bonds and provide a sinking fund to pay said
bonds at maturity?
PROPOSITION NO 2
Shall the City Council of the City of Denton be
authorized to issue the bonds of said City, an one
or more series or issues, in the aggregate principal
amount of $1,300,000, with the bonds of each such
series or issue, respectively, to mature serially with-
an not to exceed forty years from their date, and to
be sold at such prices and bear interest at such rates,
not to exceed the maximum rates permitted by law, as
shall be determined within the discretion of the City
Council, for the purpose of the acquisition of proper-
ty and making improvements for public purposes, to-wit
rebuilding street intersections 1n sa~d C~ty, and
shall said City Council be authorized to levy and cause
to be assessed and collected annual ad valorem taxes
an an amount sufficient to pay the annual ~nterest on
said bonds and provide a sinking fund to pay said bonds
at maturity?
PROPOSITION NO 3
Shall the C~ty Council of the City of Denton be
authorized to issue the bonds of sa~d City, 1n one
or more series or issues, in the aggregate principal
amount of $850,000, with the bonds of each such
series or issue, respectively, to mature serially with-
in not to exceed forty years from their date, and to
be sold at such prices and bear interest at such rates,
not to exceed the maximum rates permitted by law, as
shall be determined within the discretion of the City
Council, for the purpose of the acquisition of proper-
ty and making l~provements for public purposes, to-wit
reroutlng Bell Avenue from ~ts present 1ntersect~on
with Bell Place through the Texas Woman's University
golf course to the present Intersection of Bell Avenue
and University, and shall said City Councll be author-
lzed to levy and cause to be assessed and collected
annual ad valorem taxes in an amount sufflclent to pay
the annual interest on said bonds and provide a sink-
lng fund to paylsald bonds at maturity~
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PROPOSITION NO 4
Shall the City Counczl of the Clty of Denton be
authormzed to ~ssue the bonds of sa~d C~ty, zn one
or more serzes Or ~ssues, zn the aggregate prznczpal
amount of $2,800,000, w~th the bonds of each such
serzes or zssue, respectively, to mature serially with-
in not to exceed forty years from their date, and to
be sold at such prices and bear ~nterest at such rates,
not to exceed the maximum rates permitted by law, as
shall be determined wzth~n the dzscretzon of the Clty
Councal, for the purpose of the acqums~tzon of proper-
ty and making ~provements for publzc purposes, to-wit
constructang a new overpass of the M~ssourz & Paczf~c
railway tracks On McK~nney Street, and shall sa~d Czty
Council be authorazed to levy and cause to be assessed
and collected annual ad valorem taxes zn an amount
sufficzent to pay the annual ~nterest on sazd bonds
and provide a sinkzng fund to pay sa~d bonds at maturity~
7 That the official ballots for sa~d elect~on shall be
prepared zn accordance wmth the Texas Electzon Code so as to
permit the electors to vote "FOR" or "AGAINST" the aforesazd
PROPOSITIONS, wzth the ballots to contain such provisions,
markzngs, and language as requzred by law, and with such
PROPOSITIONS to be expressed substantially as follows
PROPOSITION NO 1
FOR
THE ISSUANCE OF $4,700,000 OF STREET
REBUILDING, REPAVING, OR OVERLAYING
BONDS
AGAINST
PROPOSITION NO 2
FOR
THE ISSUANCE OF $1,300,000 OF STREET
INTERSECTION REBUILDING BONDS
AGAINST
PROPOSITION NO 3
FOR
THE ISSUANCE OF $850,000 OF BELL
AVENUE REROUTING BONDS
AGAINST
PROPOSITION NO 4
FOR )
THE ISSUANCE OF $2,800,000 OF McKINNEY
STREET OVERPASS BONDS
AGAINST )
8 That zt ~s hereby found and determlned that the prob-
able perzod of usefulness of the proposed zmprovements covered
by each of the aforesaid PROPOSITIONS zs 30 years
9 That Artacle 9, Sec 9 02 of the Cmty Charter contains
the following provision and requires th~s elect~on ordinance to
d~st~nctly specify
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"(d) A determination of the net debt of the City
after issuance of the bonds thereby authorized, together
with a declaration that the bonds thereby authorized
will be wlthln all debt and other limitations prescrib-
ed by the Constitution and laws of the State of Texas"
The determlnatlon is hereby made that the net debt of the C~ty
after the issuance of the bonds herein proposed to be submitted
will be not more than $~ ~ , and it is hereby declared
that said general obllgat~on b6nds will be within all debt and
other l~m~tat~ons prescribed by the Constitution and laws of
the State of Texas
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CERTIFICATE FOR
ORDINANCE CALLING A BOND ELECTION
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 20TH DAY OF JANUARY, 1981,
at the Municipal Buildlng (City Hall), and the roll was called
of the duly constituted officers and members of said City
Council, to-wit
Brooks Holt, City Secretary Richard O Stewart, Mayor
Dr A Ray Stephens Roland Vela
Richard H Tallaferro Dwight L Galley
Charles Hopkins (Vacancy)
and all of said persons were present, except the following
absentees ,
thus constituting a quorum. Whereupon, among other business,
the following was transacted at said Meeting a written
ORDINANCE CALLING A BOND ELECTION
was duly introduced for the consideration of said City Council
and read in full. It was then duly moved and seconded that
said Ordinance be passed, and, after due discussion, said mo-
tion, carrying wlth it the passage of said Ordinance, prevail-
ed and carried by the following vote
AYESAil members of said City Council
shown present above voted "Aye"
NOESNone
2 That a true, full, and correct copy of the aforesaid
Ordinance passed at the Meeting described in the above and fore-
going paragraph is attached to and follows this Certificate,
that said Ordinance has been duly recorded in said City Council's
m~nutes of said Meeting, that the above and foregoing paragraph
is a true, full, and correct excerpt from said C!ty Council's
minutes Of said Meeting pertaining to the passage of said Ordi-
nance, that the persons named in the above and foregoing para-
graph 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 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 purpmse, and that
said Meeting was open to the public, and public not.ce of the
time, place, and purpose of said meeting was g~ven, all as re-
quired by Vernon's Ann. Clv 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
tha~ the Mayor and the City Secretary of said City hereby de-
clare that their signlng of this Certificate shall constitute
the slgnlng of the attached and following copy of said Ordinance
for all purposes
SIGNED AND SEALED_the 20th day of January, 1~81 ~
C ty Sect tary -- -- ~-~ ~ayorV ~'
~EAL) ................ ~ ........
We, the undersigned, being respectively the City Attorney
and the Bond Attorneys of the City of Denton, Texas, hereby cer-
tify that we prepared and approved as to legality the attached
and followlng Ordinance prior ~ its_passage as ~foresaid
' / Cit~ ~%Orne~ '
Bond~orneys