1978-062 ORDINANCE NO 78- ~.~
O_R_DINANCE CALLING A BOND ELECTION
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
WHEREAS, it is 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 said meeting 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 DECEMBER 5, 1978,
in said Clty at the following designated polling place
THE COMMUNITY BUILDING IN THE CIVIC CENTER
Said City shall constitute a s~ngle election prec!nct for said
electzon, and the following election officers are hereby appoint-
ed to hold said election
Presiding Judge Lee Knox
Alternate Presiding Judge Robert ~ M~ller
2 That the Presiding Judge shall appoint not less than
two qualified election clerks to serve and assist in conducting
said election, provided that if the Presiding Judge actually
serves as expected, the Alternate Presld~ng Judge shall be one
of Such clerks
3 That by approving and signing this Ordinance the Mayor
of said City officially confirms his appointment of the aforesaid
election officers to serve at said election, and by passing this
Ordinance the governing body of said City approves and concurs
in the appointment of the aforesaid election officers
4 That all resident, qualified electors of the City shall
be entitled to vote at said election
5 That notice of said election shall be given by posting
a substantial copy of this Ordinance at the City Hall and at
two other places in saxd City, not less than 15 days prior to
theldate set for said election, and a substantial copy of this
Ordinance also shall be published on the same day in each of two
successive weeks in a newspaper of general circulation published
in Said City, the date of the first publication to be not less
than 14 days prior to the date set for sa~d election
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6 That at said electmon the following PROPOSITION shall
be submmtted in accordance with law
PROPOSITION
Shall the Cmty Council of the Cmty of Denton be
authormzed to mssue the bonds of said Cmty, in one
or more series or issues, in the aggregate prmnclpal
amount of $2,000,000, with the bonds of each such
series or issue, respectmvely, to mature serially wmth-
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 maxmmum rates permmtted by law, as
shall be determined withmn the discretion of the Cmty
Council, for the purpose of the acqulsmtlon of proper-
ty and makmng improvements for publmc purposes, to-wit
constructing a City Fine Arts Center, and shall said Cmty
Councml be authorized to levy and cause to be assessed
and collected annual ad valorem taxes mn an amount suffi-
cient to pay the annual Interest on samd bonds and pro-
vide a sinking fund to pay samd bonds at maturity?
7 That the offmcmal ballots for samd electmon shall be
prepared mn accordance wmth the Texas Electmon Code so as to
permit the electors to vote "FOR" or "AGAINST" the aforesamd
PROPOSITION, with the ballots to contain such provlsmons,
markings, and language as requmred by law, and with such
PROPOSITION to be expressed substantmally as follows
PROPOSITION
FOR )
) THE ISSUANCE OF $2,000,000 OF FINE
) ARTS CENTER BONDS
AGAINST )
8 That mt is hereby found and determined that the prob-
able period of usefulness of the proposed mmprovements covered
by the aforesamd PROPOSITION is 30 years
9 That Artmcle 9, Sec 9 02 of the City Charter contains
the following provision and requires this electmon ordinance to
dlstmnctly specmfy
"(6) a determmnatlon of the net debt of the Cmty
after issuance of the bonds thereby authorized, together
wmth a declaratmon that the bonds thereby authormzed
wmll be within all debt and other lmmltatmons prescrmb-
ed by the Constitution and laws of the State of Texas ",
and
the determlnatmon is hereby made that the net debt of the City
after the issuance of the bonds herein proposed to be submmtted
will be not more than $17,994,000, and mt is hereby declared
that samd general obllgatmon bonds will be wlthmn all debt and
other limitations prescrmbed by the Constltutmon 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 sa~d Clty, hereby certify
as follows
1 The C~ty Council of sa~d C~ty convened ~n
SPECIAL MEETING ON THE 24TH DAY OF OCTOBER, 1978,
at the Municipal Building (Clty Hall), and the roll was called
of the duly constituted offlcers and members of sa~d C~ty
Council, to-w~t
Brooks Holt, C~ty Secretary Joe M~tchell, Mayor
B~ll Nash Dlck Stewart
El~nor Hughes Mary Claude Gay
and all of sa~d persons~3~ere present, except the following
absentees ~o~ ,
thus constituting a quoruln Whereupon, among other business,
the following was transacted at said Meeting a wrltten
ORDINANCE CALLING A BOND ELECTION
was duly lntroduced for the consideration of sa~d City Council
and read ~n full It was then duly moved and seconded that
said Ordlnance be passed, and, after due discussion, sa~d mo-
tion, carrying with ~t the passage of sa~d Ordinance, preva~l-
ed and carried by the following vote
AYES All members of sald City Council
shown present above voted "Aye"
NOES None
2 That a true, full, and correct copy of the aforesaid
Ordinance passed at the Meeting described ~n the above and fore-
golng paragraph is attached to and follows this Certlflcate,
that sald Ordinance has been duly recorded ~n said City Council's
minutes of said Meetlng, that the above and foregoing paragraph
Ks a true, full, and correct excerpt from said Clty Council's
mlnutes of sald Meeting pertaln~ng to the passage of said Ordi-
nance, that the persons named in the above and foregolng para-
graph are the duly chosen, quallfled, and acting officers and
members of sald City Council as lndlcated therein, that each of
the officers and members of sa~d C~ty Councll was duly and suffi-
ciently notlfled officially and personally, in advance, of the
t~me, place, and purpose of the aforesaid Meeting, and that sa~d
Ordlnance would be introduced and cors~dered for passage at sa~d
Meetlng, and each of sa~d officers and members consented, ~n ad-
vance, to the holding of said Meeting for such purpose, and that
sald Meeting was open to the public, and public notice of the
tame, place, and purpose of sa~d meeting was g~ven, all as re-
quired by Vernon's Ann Clv St Artlcle 6252-17
3 That the Mayor of sa~d City has approved, and hereby
approves, the aforesald Ordinance, that the Mayor and the C~ty
Secretary of sald City have duly signed said Ordinance, and
that the Mayor and the City Secretary of said City hereby de-
clare that their signing of th~s Certificate shall constitute
the slgnlng of the attached and following copy of said Ordinance
for all purposes
4th day of 1978
(SEAL) ..........
We, the undersigned, being respectively the C~ty Attorney
and the Bond Attorneys of the C~ty of Denton, Texas, hereby cer-
tify that we prepared and approved as to legality the attached
and followlng Ordlnance prior to ~ts passage as aforesaid
Bond Attorneys