1978-003 ORDINANCE NO 78- ~
ORDINANCE CALLING A BOND ELECTION
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
WHEREAS, it is deemed necessary and advzsable 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 not~ce 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, 1978,
in said City at the following designated polling place
THE CO~/~UNITY BUILDING IN THE CIVIC CENTER
Said City shall constitute a single election precinct for said
election, and the following election officers are hereby appo~nt-
ed to hold said election
Presiding Judge Lee Knox
Alternate Presiding Judge Robert A Miller
2 That the Presiding Judge shall appoint not less than
two qualified election clerks to serve and assist in conducting
said elect~on; provided that if the Presiding Judge actually
serves as expected, the Alternate Presiding Judge shall be one
of such clerks
3 That by approving and signing this Ordinance the Mayor
of said City officially confirms has appointment of the aforesaid
election officers to serve at said election, and by passing this
Ordinance the governing body of sa~d 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 ~n said City, not less than 15 days prior to
the date set for said election, and a substantial copy of this
Ordinance also shall be publzshed 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 election the following PROPOSITIONS shall
be submitted in accordance with law
PROPOSITION NO 1
Shall the City Council of the City of Denton be
authorized to issue the bonds of said City, in one
or more series or issues, in the aggregate principal
amount of $1,815,000, 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 improvements for public purposes, to-wit
constructing and improving streets in said City and
providing drainage facilities in connection therewith,
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 inter-
est 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, in one
or more series or issues, in the aggregate principal
amount of $775,000, 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 improvements for public purposes, to-wit
providing additional City public l~brary facilities,
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 ~nter-
est on said bonds and provide a sinking fund to pay
said bonds at maturity?
PROPOSITION NO 3
Shall the City Council of the City of Denton be
authorized to issue the bonds of said City, in one
or more series or issues, in the aggregate principal
amount of $880,000, 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 improvements for public purposes, to-wit
providing additional City police facilities, 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 Interest on
said bonds and provide a sinking fund to pay said bonds
at maturity~
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PROPOSITION NO 4
Shall the City Council of the City of Denton be
authorized to issue the bonds of said City, in one
or more series or issues, in the aggregate principal
amount of $530,000, 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~rpose of the acquisition of proper-
ty and making improvements for public purposes, to-wit
providing additional City fire fighting facilities,
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 inter-
est on said bonds and provide a sinking fund to pay
said bonds at maturity?
7 That the official ballots for said election shall be
prepared in accordance with the Texas Election Code so as to
permit the electors to vote "FOR" or "AGAINST" the aforesaid
PROPOSITIONS, with the ballots to contain such provisions,
markings, and language as required by law, and with such
PROPOSITIONS to be expressed substantially as follows
PROPOSITION NO 1
FOR )
) THE ISSUANCE OF $1,815,000 OF STREET
) AND DRAINAGE BONDS
AGAINST )
PROPOSITION NO 2
FOR
THE ISSUANCE OF $775,000 OF LIBRARY
BONDS
AGAINST
PROPOSITION NO 3
FOR
THE ISSUANCE OF $880,000 OF POLICE
FACILITIES BONDS
AGAINST
PROPOSITION NO 4
FOR
THE ISSUANCE OF $530,000 OF FIRE
FIGHTING FACILITIES BONDS
AGAINST
8 That it is hereby found and determined that the prob-
able period of usefulness of the proposed improvements covered
by each of the aforesaid PROPOSITIONS is 30 years
9 That Article 9, Sec 9 02 of the City Charter contains
the following provision and requires this election ordinance to
distinctly specify
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"(6) a determination of the net debt of the City
after issuance of the bonds thereby authorized, together
with a declaration that the bonds thereby authorlzed
will be within all debt and other limitations prescrib-
ed by the Constitution and laws oft he State of Texas ",
and
The determination 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 obligation ~onds wall be within all debt and
other limitations 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 C~ty, hereby certify
as follows
1 The C~ty Council of said City convened ~n
SPECIAL MEETING ON THE 30TH DAY OF JANUARY, 1978,
at the Munlclpal Bulldlng (C~ty Hall), and the roll was called
of the duly constituted officers and members of said C~ty
Council, to-wit
Brooks Holt, City Secretary Ellnor Hughes, Mayor
Bill Nash Dick Stewart
Joe Mitchell Mary Claude Gay
and all of sal~.~rsons 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 C~ty Council
and read ~n full It was then duly moved and seconded that
said Ordinance be passed, and, after due discussion, sa~d mo-
tion, carrying with it the passage of said Ordinance, prevail-
ed and carried by the following vote
AYESAil members of sa~d 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 ~n the above and fore-
going paragraph is attached to and follows this Certificate,
that said OrdInance has been duly recorded in sa~d C~ty Council's
m~nutes of sa~d Meeting, that the above and foregoing paragraph
is a true, full, and correct excerpt from said City Council's
minutes of said Meeting pertaining to the passage of said Ordi-
nance, that the persons named in the above and foregoing 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 sa~d
Ordinance would be introduced and considered for passage at said
Meeting, and each of sa~d officers and members consented, ~n ad-
vance, to the holding of sa~d Meeting for such purpose, and that
said Meeting was open to the public, and public not~ce 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-
clare that their signing of th~s Cert~flcate shall constitute
the signing of the attached and following copy of said Ordinance
for all purposes
SIGNED AND SEALED the 30th day of January, 1978
'~/ City SeCretary Mayor
(SEAL) ......................
We, the undersigned, being respectlvelyt~he~ltYx2~eY
and the Bond Attorneys of the C~ty of~De~ton/ Tex;s,/ngr~Dy cer-
tify that we prepared and approved ~to/le~ll/~.t~/a~ched
fCitF Atto~my '
Bond Attorneys