1960-001THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
On this the ~-~-- day of January, 1960, the City Council
of the City of Denton, Texas, convened in F~D~I meeting, at the
regular meeting place, with the following members present, to-wit
Frank R Barrow, Mayor,
Raymond Pitts,
Thomas E Noel,
G Emery Taylor,
Dr Walter Miller, Councllmen~
Tom Laney,
Geo F Spuller,
W F Brooks, $r ,
W D Buttrlll, C~ty Secretary,
and with the following absent ~e_ ,
constituting a quorum, at which time the following proceedings were had
Councilman ~ ~ntroduced an ordinance
and made a motion that it be passed The motion was seconded by Councilman
~6e_~ The motion carrying w~th it the passage of the ordinance
prevailed by the following vote
AYES Councilmen Pitts, Noel, Taylor, M~ller, Laney,
Spuller and Brooks and Mayor Barrow
NOES None
The ordinance as passed is as follows
ORO ANC NO
BY THE CITY COUNCIL OF THE CITY O~ DENTON~
TEXAS~ CALLING AN ELECTION ON THE QUESTION
OF THE ISSUANCE OF $2~$00,000 O0 ~TREhT IM-
PROVEMENT BONDS, $85,000 O0 FIRE STATION
BONDS, $1~ 600,000 O0 WATERWORKS IMPROVEMENT
AND EXTENSION REVENUE BONDS, $2,600,000 00
SEW~ IMPROVEMENT AND EXTENSION REVENUE BONDS
AND $5~200,000 O0 ELECTRIC LIGHT AIV~ POWER
SYSTEM IMPROVEMENT AND EXTENSION REVENUE
BONDS
WHEREAS, the City Council of the City of Denton, Texas,
deems it advisable to issue the bonds of said City for the purposes herein-
~fter mentioned,
THE COUNCIL 0F ~HE CIT~ OF DENTON HEREBY ORDAINS:
1. That an election be held in the City of Denton,
Texas, on the 30th day of January, 1960, at which election the
following propositions shall be submitted:
? 0POSITTON NO. 1
"~hall the City Council of the City of Denton,
. Texas, be authorized to issue the bonds of said City in
the sum of $2,400,000.00, maturing serially in such
stallments as may be fixed by the City Council, the maxi-
mmm maturity being not more than Forty (40) years from
their date, bearing interest at a rate not to exceed 5~%
per annum, and to levy a tax sufficient to pay interest
as it accrues and principal as it matures on said issue
of bonds, for the purpose of improving the streets and
constructing neoesssmy permanent drainage facilities, as
authorized by the Constitution and laws of the State of
Texas.
Thirty years is estimated as the probable period
of usefulness of such improvements."
N.o.,. 2
"Shall the City Council of the City of Denton,
Texas, be authorized to issue the bonds of said City in
the sum of $85,000.00, maturing serially in such install-
ments as may be fixed by the City Council, the maximum
maturity being not more than Forty (40) years from their
date, bearing interest at a rate not to exceed 5~% per
annum, and to levy a tax sufficient to pay interest as it
accrues and principal as it matures on said issue of bonds,
for the purpose of constructing and permanently equipping
fire stations within said City, as authorized by the
Constitution an8 laws of the State of Texas.
Thirty years is estimated as the probable period
of usefulness of such improvements."
O OSX ON NO.
"~hall the City Council of the City of Denton,
Texas, be authorize~ to issue the bonds of said City in
the ~ount of $1,600,000.00, maturing serially in such in-
stallments as may be fixed by the City Council, the maxi-
mum maturity being not mo~e than Forty (40) years from
their date, bearing interest at a rate not to exceed 5~%
per annum, For the purpose of improving and extending the
City~s Waterworks System, to be issued in accordance with
and secured in the manner provided in Articles llll-llld,
both inclusive, of the Revised Civil Statutes of Texas,
1925, as amende~, each bond to be conditioned that the hol-
~er thereof shall never have the right to demand payment
of said obligations out of funds raised or to be raised by
taxation, secured by a pledge of the net revenues from the
operation of the City's Waterworks and Sewer System.
Thirty years is estimate~ as the probable period
of usefulness of such improvements."
PROPOSITION NO 4
"Shall the City Council of the City of Denton,
Texas, be authorized to ~ssue the bonds of said City ~n
the amount of 92,600,000 00, maturing serially ~n such in-
stallments as may be fixed by the City Council, the mex~-
mum maturity being not more than Forty (40) years from
their date, bearing ~nterest at a rate not to exceed 5~
per annum, for the purpose of ~mproving and extending the
City's Sewer System, to be ~ssued in accordance w~th and
secured ~n the manner provided in Articles llll-lll$, both
znclusive, of the Revised C~v~l statutes oi Texas,
as amended, each bond to be conditioned that the holder
thereof shall never have the rzght to demand payment of
said obligations out of funds raised or to be raised by
taxation, secured by a pledge of the net revenues from the
operation of the C~ty's Waterworks and Jewer System
Thirty years ~s estimated as the probable per~od
oi usefulness of such improvements"
PROPOSITION NO 5
"Shall the City Council of the C~ty of Denton,
Texas, be authorized to ~ssue the bonds of sa~d C~ty ~n
the amount of $5,200,000 O0, maturing serially ~n such ~n-
stallments as may be fixed by the C~ty Council, the max~-
mum maturity being not more than Forty (40) years from
their date, bearing interest at a rate not to exceed 5~-~
per annum, for the purpose of ~mproving and extending the
City's Electric Lzght and Power System, to be issued in
accordance with and secured in the manner provided ~n
Articles llll-lll$, both inclusive, of the Revised C~vil
Statutes of Texas, 1925, as amended, each bond to be con-
ditioned that the holder thereof shell never have the right
to demand payment of said obligations out of funds raised
or to be raised by taxation, secured by a pledge of the
net revenues from the operation of the C~ty's Electric Light
and Power System
Thirty years is estimated as the probable per~od
of usefulness of such improvements"
2 That sa~d elect~on shall be held at the Municipal
Building, within sa~d City and Jewell Sm~h ~s hereby appointed presiding
officer and shall be authorized to appoint such assistants as may be neces-
sary to properly conduct such elect~on, and sa~d presiding officer shall
make due return of the results of such election as provided by law
3 The sa~d election shall be held under the provisions
of Chapter l, T~tle 22 of the Revised Civzl Statutes of Texas, 1925, as
amended, including the provisions of Article 704, as amended by Chapter
passed at the First Called Session of the Forty Fourth Legislature, and only
legally qualified electors who own taxable property ~n the City and who haw
duly rendered the same for taxation shall be qualified to vote
4 The ballots for said elect~on shall bsve written or
printed thereon t~e following
PROPOS ITION NO 1
"FOR THE ISSUANCE OF STREET IMPROVEMENT BONDS"
"AGAINST THE ISSUANCE Of1 STHEET IMPROVEMENT BONDS"
PROPOSITION NO
"FOR THE ISSUANCE OF FIRE STATION BONDS"
"AGAINST TH~ ISSUANCE OF FL~E STATION BONDS
PROPOS ITION NO 3
"FOR THE ISSUANCE OF WATERWORKS IMPROVEMENT
AND EXTENSION REVENUE BONDS"
"AGAINST THE ISSUANCE OF WATERWORKS IMPROVE-
MENT AND EXTENSION REVENUE BONDS"
PROPOS ITION NO 4
"FOR THE ISSUANCE OF SEWER IMPROVEmeNT AND
EXTENSION REVENUE BONDS"
"AGAINST THE ISSUANCF OF SEWER IMPROVEMENT
AND EXTENS I0N REVENUE BONDS"
PROPOSITION NO 5
"FOR THE ISSUANCE OF ELEC~qIC LIGHT AND POWER
STSTEM REVENUF BONDS"
"AGAINST THE ISSUANCE OF ELECTRIC LIGHT AND
POWER SYSTEM REVENUE BONDS"
Concerning each proposltmon, each voter shall mark out
wroth black ink or black pencil one of the above expressmons, thus leaving the
other as indicating his vote on the proposition
5 A substantial copy of this ordinance s~gned by the
Mayor and attested by the Cmty oecretary shall serve as proper not,ce of ssld
electmon Notice shall be given in accordance with Article 704~ Revised CmviI
Statutes of 1925, as amended by Chapter 382~ passed at the First Called
Session of the Forty Fourth Legislature, supra The Mayor is authorized and
directed to have a copy of samd not,ce posted at the Munmc~pat Building and
at two other public places within samd City not less than fmfteen days prior
to the date f~xed for holding sa~d electmon He shall also cause said notice
to be published on the same day in each of two successive weeks in the
"Denton Record Chronicle", a newspaper of general clrculstlon published
within said City, the date of the iirst publication to be not less than
fourteen days prior to the date set for said elect~on Except as otherwise
provided in said Article 704, as amended, the manner of holding sa~d elect~on
shall be governed by the laws governing general elect~ons
6 Article 9, Sec 9 02 of the C~ty Charter contains the
following provision and requires th~s electlon ordinance to distinctly specify
"(6) a determ~natzon of the net debt of the City
aftez ~ssuance of t~e bond° thereby authorlzed~ together
with a declaration that the bonds thereby authorized wzll
be within all debt and other hmitatlon~ prescribed by the
Constitution and laws of the ~tate of Texas"
Artzcle 9, Sec 9 O1 (b) provides that "In no event shall revenue bonds be
considered an ~ndebtedness of the C~ty" Therefore no such determznat~on ~s
required to include the revenue bonds here~nabove submitted, hence as to the
general obligation bonds herein proposed to be submitted the determination ~s
hereby made that the net debt of the City after the ~ssuance of said bonds
be $3,169,716 00, and ~t ~s hereby declared that sa~d general obligation bonas
will be w~thmn all debt and other l~m~tatmons prescribed by the Constitutmon
and laws of the ~tate of Texas
PASSED AND APPRO~ls the ~,~'~ day?f January, 1960
~f~yg~f~City of Denton, Texas
ATTEST
~ty ecretar~ Ci y ' n , Texas
APPROVED AS TO LEGALIT~r~o~to passage
~ ~ - City ~ttorney
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
I, the undersigned, City Jecretary of the City of Denton,
Texas, do hereby certify that the above and foregoing ~s a true, full and
correct copy of an ordmnance passed by the C~ty Council of the City of Denton,
Texas, (and of the m~nutes pertaining thereto) on the ~ day of January,
1960, calling an election on the question of the ~ssusnce of $2,400,000 O0
Street Improvement Bonds, $85,000 O0 Fire ~tst~on Bonds, $1,600,000 O0 Water-
works Improvement and Extensmon Revenue Bonds, $2,600,000 O0 Sewer Improvement
and Extension Revenue Bonds and $5,200,000 OO Electric Light and Power System
Improvement and Extension Revenue Bonds, which ordinance ~s of record ~n the
minutes of said City Council
EXECUTED UNDER MY HAND and seal of sa~d City this the
~ day of January, 1960
~C~ty ecr'ta~, C~ y Denton, Texas
(SRAL)
NOTICE OF ELECTION
TEE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
TO THE RESIDEIf£, QUALIFIED EIACTO£{S 0t, THE CITY OF
DENTON, TEXAS, WHO OWN TAXABLE PROPERTY IN SAID CITY AND WHO Ii&VA DULY
RENDERED THE SAME FOR TAXATION
TAKE NOTICE that an elect~on wmll be held mn the City of
Denton, Texas, on the 30th day of January, 1960, on the proposmtions and at
the place more particularly set forth in the ordmnance passed by the Cmty
~--'--r~ day of January, 1960, callmng samd elect~on, whmch ms
Councml on the
as follows'
"O~DINA~C~ NO. ~,0-ol
BY THE CITY COUNCIL OF THA CITY OF DENTON,
TEXAS, CALLING AN EL~CTION ON THA QU~TION
OF THE IESUANCh OF $2,400,000 O0 STREET IM-
PROVEMENT BONDS, $~5,000 O0 FIRE STATION
BO~DS, $1,600, OO000 WATERWORES IMPROVEMENT
~dID EXTENSION RmVENUA BONDS, $2,600,000 O0
SANgER IMPROVEmeNT AND ~.XTFN~ION REVENUE BONDS
AND $5,200,000 OO ELECTRIC LIGHT AND POWER
SYSTEM IMPROV~.MLNT AND EXTENSION RAVF~UO~
BONDS
W}~ the Cmty Councml of the Cmty of Denton, Texas,
deems mt advmsable to ~ssue the bonds of samd City for t5e purposes heremn-
after mentioned,
THE COUNCIL OF TITE CITY OF DENTON }~EREDY ORDAINS
1 That an election be held mn the Cmty of Denton,
Texas, on the 30th day of January, 1960, at which electmon the following
propositions shall be submmtted.
PROPOSITION NO i
'Shall the City Councml of the Cmty oi Denton,
Texas, be authorlzed to mssue the bonds of samd Cmty mn
the sum of $2,400,000 00, maturing serially mn such In-
stallments as may be fmxed by the Cmty Councml, the maxm-
mum maturmty bemng not more than Forty (40) years from
themr date, bearmng interest at a rate not to exceed 5~
per annum, and to levy a tax sufficient to pay mnterest
as it accrues and prmncmpal as mt matures on samd issue
of bonds, for the purpose of mmproving the streets and
constructmng necessary permmnent drainage facmlities, as
authormzed by the Constitution and laws of the State of
Texas
Thirty years ms estmmated as the probable permod
of usefulness of such improvements"
~Shall ~he City Cou_~oil of the City of Denton,
Texas, be authorized to issue the bonds of said City in
the sum of $85,000.00, matu:~ing serially ~n such install-
menSs as may be find lry the ~t~ ~ouno~l, t~ ~~
~t~ be~n~ nos ~e ~h~ Po~t~ (~0) ~e~s f~m the~
date, bea~i~g ~te~st at a ~ate not to ex~eed ~ pe~
~n~, ~d to le~ a ~ sufficien~ to pay ~te~est as
ac~es ~d p~cipal as it ~tu~es on said issue of bonds,
fe~ t~e p~ese of eomst~acting ~d peA~i~ently equipp~g
fi~e statiens ~ith~ sai~ 0i2y, as au~ized by the
Oens$1~tion ~d la~s of the State of Te~s.
~i~2 ye~s is est~ted as the p~cbable period
of use~lness of such ~ove~nts. ~
PROP~I~ NO. 3
~Sh~l the Oi~2 O~noil of t~ City of Denton,
Texas, be-authe=ized to issue the bonds of said City
the ~t of $1,$00,000.00, ~t~g serially in such in-
stalments as ~$_y Be f~ed b~ the City Council, the ~i-
~ ~tu~it2 berg not ~ t~ Forty (~0) yea~s f~om
the~ ~ate, bering ~te~est at a ~ate net to exceed
pe~ ~, fo~ ~e p~ese of ~oving and e~ending the
y~s Wate~e~ks 3yst~, to be issued in attendance ~ith
see~d in the ~ne~ p~ovided in ~ieles 1111-1118,
beth ~olusive, ef t~ Revised 0ivil Statutes of Texas,
1925, as ~n~ed, ea~ bond to be conditioned t~t the
~lde~ 2~eof s~ll neve~ ~ve the ~i~t to de~nd pay-
mens of sai~ obligations out of ~ds ~aised o~ 2o be ~ais-
ed By t~tion, se~d by a pledge of ~e net ~eve~es
the ope~tion of ~e Oit2ts ~ate~o~ks ~d Sewe~ S~stem.
~i~ty ye~$ is est~ated as tBe p~bable period
of use~lness of such ~p~ove~nts. J
~5hall ~e Oit~ O~ncil of the CIt~ of Denton,
Texas, be.a~t~m~zed ~o ~ssue t~ bonds of sa~d C~t~
the ~nt of $~600,000.00, ~a~g semiall~ ~n such in-
stal~nts as ~y be f~ed by the City Oo~cil, the ~i-
=~m mat~lty be~g not ~e than Fo~y (40) ye~s f~m
~ei~ date, be~g interest at a ~ate not to exceed 5}%
pe~ ~, fe~ the ~pose of ~oving and extend~g the
City's Sewe~ System, to ~ issued in acco~ce with
secu~d in the~ne~ p~vided in ~icles 1111-1118 both
inclusive, of ~e Revised Oivil Statutes ofTexas, ~925,
as ~nded, each bond to be conditioned that t~ ~lde~
t~eef sh~l neve~ ~ve the ~igbt to de~d pay~nt of
said ebligations cut of ~nds raised o~ to be ~aised by
t~ation, secured by a pledge of the net revenues f~om the
operation of the City's Wate~o~ks and Sewe~ System.
~y ye~s is estimated as the p~bable period
of use~lness of such ~ove~nts.~
~1 the City O~cil of the City of ~nton,
Texas, be~aut~ized to issue the bonds of said City in
the ~t ef $%,200,000.00, ~t~ing serially ~ such
installments as may be f~xed by the City Councll~ the maxi-
mum maturity being not more than Forty (40) years from their
date, bearing ~nterest at a rate not to exceed 5~0 per annum~
for the purpose of ~mprov~ng and extending the C~ty's Electric
L~ght and Power oystem, to be issued in accordance with and
~ecured in the manner provided ~n Articles llll-lll$, both
~nclus~ve, of the Rewsed Civil Statutes of Texas, 19~5, as
amended, each bond to be condltzoned that the holder thereof
shall never have the r~ght to demand paym~ent of said obli-
gations out of funds raised or to be raised by taxation,
secured by a pledge of the net revenues from the operation
of the City's Electric Light and Power System
Thirty years is estimated as the probable per~od
of usefulness of such ~mprovements '
2. That sa~d elect~on s~all be held at the Municipal
Building, withmn samd City and Jewell 5m~tl~ is hereby appomnted presidmng
officer and shall be authormzed to appoint such assistants as may be neces-
sary to properly conduct such election, and sa~d presmd~ng officer shall
make due return of the results of such elect~on as provided by law.
3 The sa~d elect~on shall be held under the provisions
of Chapter l, Title 22 of the Revmsed Czvzl Statutes of Texas, 1925, as
amended, including the provisions of Article 704, as amended by Chapter 382~
passed at the First Called Session of the Forty Fourth Leg~slsture, and only
legally qualmf~ed electors who own taxable property ~n the City and who have
duly rendered the same for taxation shall be qua]mfmed to vote
4 The ballots of sa~d elect~on shall have wrmtten or
printed thereon the following
PROPOSITION NO 1
'FOR THE ISSUANCE 0F STREET IMPROVFME~£ BONDS'
'AGAINST THE ISSUANCE OF STREET IMPROVF~NT BONDS'
PROPOSITION NO 2
'FOR THE ISSUANCE OF 1. I[{E STATION BONDS'
'AGAINST THE ISSUANCF OF FIRE STATION BONDS'
PROPOSITION NO 3
'FOR THE ISSUANCE OF WATF~WORKS IMP~OVEMENT
AND EXTENEION REVENU>= BONDS'
'AGAII~T T}IE ISSUANCE 0I, WATERWORKS IMPROVE-
MENT AND EXTEI~ION RFVENUE BONDS'
PROPOS ITION NO 4
'FOR Tt{h ISSUANCE OF SL%~ER IMPROVEMENT AND
kXTEIq~ION REVENUE BONDS'
'AGAINST T}5% ISSUANCE OF SEWER IMPROVEMhNT
AND EXTENSION REVENUi' BONDS '
PROPOSITION NO 5
'FOR TH~ ISSUANCE OF ELECtrIC LI~ A~D
SYSTEM REVhEUI.' B0~S '
'AGA~T T~ ~SU~CE OF E~C~IC LIG~ ~
PO~ S~TEM REVE~L BO~'
Concerning each proposition, each voter s~all m~k out
wlth black ~ or black pencil one of the above expzess~ons~ thus leaving the
other as ~ndicating h~s vote on the proposition
5. A substantial copy of th~s ordznance s~gned by the
~yor and attested by the City Secretary shall serve as proof not,ce of sa~d
elect~on Not,ce shall be g~ven ~n accordance w~th ~rt~cle 704, [lev~sed
~tatutes of 1925~ as amended by Chapter 382, passed at the F~rst Callea
Sessmon ef the Forty Forth ~gmslature, supra The Mayor i~ authorized anm
dmrected to have a copy of sa~d notmce posted at the ~unmckpal Buildmng and
at two other publmc places wmthmn sazd Czty not less t~an fmftean days prior
to the date fzxed for hold~ng sa~d elect~on He shall also cause samd notzce
to be publmshed on the same day mn each of two successive weeks mn the
"Denton Record Chronlcle"~ a newspaper of general czrculatmon published
withmn sa~d Cmty, the date of the f~rst publmcatmon to be not less than
fo~teen days prior to thc date set io~- samd elcctzon ~,xcept as otherwise
provmded kn sazd Article 704, as amended, the ma~er of holdzng samd electzon
shall be governed by the laws governing general elections
6 Article 9, Sec 9 O2 of the C~ty Charter contamns
the following provision and requires thzs elect~on ordinance to dzstmnctly
specmfy
'(6) a determinatmon of the net debt of the Czty
after ~ssuance of the bonds~ereby authormzed, together
wmth a declaration that the bonds thereby authori/ed wmll
be w~th~n all debt and other 1]mmtatmons prescrzbed by the
Constmtutmon and laws oi the State of Texas '
Article 9, Sec 9 O1 (b) provmdes that- 'In no event shall revenue bonds be
considered an mndebtedness of the Czty ' Therefore no such determinatmon
required to znclude the revenue bonds heremnabove submmtted~ hence as to the
general obligation bonds herein proposed to be submitted the determination is
hereby made that the net debt of the City after the Issuance of said bonds
will be $3~169,716 00, and it is hereby declared that said general obligation
bonds will be within all debt and other limitations prescribed by the Con-
stitution and laws of %he State of Texas
PASSED AND APPROVED~'~is the ~1~ day of January, 1960
~'~ City of Denton, Texas
City Secretary, C~ty of Denton, Texas
APPROVED AS SIO LE~g~LIT~ prior to passage
f ~ City Attorney
THE STATE OF TEXAS
COUNTY OF DATJ,A$
CITY OF DBTgA$
We~ the undersigned Attorneys~ specializing ~n Municipal
Bonds~ heretofore retained by the City to advise with the Council in all
matters pertaining to the passage of ordmnances authorizing the issuance of
bonds do hereby certify that we have examined the ordinances authorizing the
issuance of $600,000 O0 City of Denton~ Texas~ Street Improvement Bonds~
Series 1960 and $1~700~000 00 City of Denton~ Texas, Water and Sewer System
Revenue Bonds, Series 1960, and as a result of such examxnation do further
certxfy that in our opinion the ordinances above mentioned are legal and
when passed by the Council w~ll constitute valid and legal contracts wzthln
the terms set forth therein
EXECL~D this the 12th day of July~ 1960
McCAI~ PARKHU~IST~ CROWE~ McCAlL AND HORTON
Boy o.~ b~ ,ho .mot.at ~ $:L,.O00.O0,0.00 6~
~m :1~0, $:L,~OO, O00,OO~
$1,000
- I I ) ,
STATE OF TEXAS
COUNTY OF DENTON
~aler auh ~emer ~ymem ~eueuue ~ouh
ONE THOUSAND DOLLARS
y~ar unl~ I~ pfl~lp~ sum shall b~ ~id, whioh i~ter~sl Is payab~,ln ~ monoy o~ t~ ~l~d $~e~ o~ A~, up~. pr~n.
OFfiCE OF COMPTRO' ' ER
STATE OF TEXAS REgiSTER No
I HEREBY CERTIFY that there /s on ~ and o~ recor~ in my o~ce a cert~e~ of t~ ~ttor~
G~oral of th~ ~tate of Texas, to tho ~ect t~t this bond ~as be~n ~xami~d by h~m as r~q~ed ~ law,
and t~t ~ finds tha~ it has been ~ssued in conformit~ with the Constitution ~d laws of t~ S~to of Text,
~d ~he C~r~er of said ~tty, and t~t it b a valid and binding special obligat~n o~ th~ City of Denton,
Te~, ~yab~ from t~ r~nues pledged to its pa~ent by and in t~ ordinance ~t~ri~ng ~m, and
said ~nd ha~ this day been ~g~tered by me
WITNE$~ MY HA~D AND $EAL OF OFFICE a~ Am~ T~,.
Comptrol~r of Public Accounts of the ~tate Texas
$1,000
STATE OF TEXAS
COUNTY OF DENTON
THE CITY OF DENTON, in the County of Denton, State o~ Texas, a municipal corporation duly in
corparated under tlw laws o~ the gtat~ o~ Texas~ ~ar value received, l~reby promises to pay to the bearer
hereof, on th~ 15th da~ o~ ~ul~, 1~85, ~he sum o~
ONE THOUSAND DOLLARS
(~1,000 00), in lam~! ~ne~ o~ ~ U~ed ~a~ ~ca, wt~h in~ere~t ~reonJ[om da~e ~reo~.~
t~ ra~e o~ three and eighty We hund~d~h~ (~ o~Yv) ~r cent per annum, ev~aencea oy coupons payaow
January 15, 1961, and semi annually t~r~ter on ~uly 15 a~ J~u~ 15 o~ ~ch y~, both pri~zpal
and interest payable upon presentation ~d sure.ar o~ bond or proper cou~n at T~ Fzrst National
Bank ot N~ York N~ York, N~ York~ or, az ~ option o~ ~he holder, az lbo First Natwnal B~k in
Dallas, Dallas, Text, withou~ e~nge ~ colorlon ~eh~ges ~o ~ ~ner or h~der hereo~, and the Ci~
o~ Denton, Texas, ~ ~by held ~d ~r~y ~und. a~ its.~h ~n~ ?~d~l ~ all taxable pr~p~rty ?n s~
City are ~re~ p~dged ~or the p~mpI ~y~ o~ ~ p~pm o~ ~h~s oona at maturity and ~ interest
THi~ BOND is one o~ a series o~ ~ ~n~d (6~) bon~ O~ ~ tear a~ e~ excepz ~ ~o hum
bet, in~eres~ r~ ~d ~, ~m~m one (1) ~ s~hu~d (~), bo~h Incl~iw, o~
nomina~n o/ One T~ ~O~ll~s ~ ag~a~ ~.Hu~red T~mand (~,~. )
Dollars, issu~ ~or ~ purpow o~ t~ng the s~r~ts ~a ~n~ ~e~ p~rma~t
~ac~lz~ies, un~r and by vitae o~ i~t?~tton ~d laws o~ ihe ~ta~ o~ Texas and t~e Charter o~ said
City, and purman~ w ~ ardma~a ~ ~s~ by ~ C~ Cou~ o~ ~ City o~ Denton, Text, which ordi
THE D~TE o~ ~his bond~ In ~ ozmity~h t~ ordi~nce abo~o m~n~io~d~ i~ ]uly ~5, 1~60
~ND IT IS HE.BY EERTI~J~ ~ ~ ~J~D ~C~ED t~t 1~ is~nce of thw bond, and Ihe ser~es of
which it zs a part, is duly ~t~d ] ~w and by ~ ~ot~ of the Tenant, ~Mi~d eiccWrs who o~ t~
ab~ property in s~d ~ily ~ ~ ~ ~ly ron~rdd the samo f~r ~n ~ ~ City of ~n,
voting at an election ~ld for that ~ ~thin smd CtW on the ~oth ~ay o~ janus., x~oo; t~at au
acts, conditions ~d things required ~ ~ do~ preceder to ~d In the ~ssuan~ of this ser~es of bonds, and
of this bond, h~o been properly don~ ~d~ po~r~d and ~ ~ppened in re~lar and due tt~, form
and manner ~ required by law~ t~t ~c~nt a~ pro~r p~v~n for the I~y and col~ction f taxes
has been made which, w~n col~e~ hMl ba app~priated ~cluswaly W t~ pay~nt of thb bond and t~
sarzes of which it is a part, and w the p~nt of t~ mter~t coupo~ hereto annexed as the sa~ shall
becom duo; and that the wtal ~ndebw~s of sa~ Crt~ o~ D~nton, Tax~, including .the e~tire series
bond~ of which this is one, does not ~Od any co~t~tut~onal, statutory or charter h~tat~on
IN ~ITNESS ~HE~OF, the C(~ O~ Denton~ Texas, by its City Council, h~ caus~ t~ se~ o~ said
City ~ be impressed hereon and this bo~d ~d t~ ~nexed coupons to be executed by the facsimile siva
tu~ of the Mayer and countersigned ~ t~w facsimile signature of t~ Czty Secretary
COUNTERSIGNED:
OFFICE OF COMPTROLLER
STATE OF TEXAS REGISTER No
~I HEREBY CERTIFY that ther~ ts on ~e and o~ r~ord in my o~e a ~e~
~l of t~ Stat~ of Te~, to the e~ect Ihat thi~ bo~ h~ b~ ~am~d by ~m as
~ Ihe Charter of ~ai~ C~ an~ t~ tt ~s a vai~ and binding obliga~on upon ~aid
WITNE~ RY HAND AND SEAL OF OFFICE at lm~m Te.,.
Comptroll*r o~ ~blic Jccount* of ihe