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1962-010 On this the 27th ~y of ~ch, 1962, the City Co. ell of the City of ~nton, ~s, convened in Re~ meet~g, at the re~ meet~g place, ~th the foll~ me~ers present, to-wit W F Brooks, Sr , ~orge F S~ler, ~yor ~ro tern Oo~c ~ !men, -~e~r - G E ~lor, W D ~ttrill~ 0ity Secret~, ~ ~th the foll~g absent ~rank R. Barrow. ~yor. Don Robinson, censtitut~g ~ ~uo~ at which t~e the fo~g proceedings were ha~ O~o~]~.n Brooks ~tro~uce~ ~ ore--ce ~a ~ t~t it be ~sse~ ~e motion ~s secon~e~ by Oo~ci~ Taylor ~e motion c~-~=f~g with it ~e ~ssage of the or, in,ce pre~ile~ by the follo~ng ~ Co~c~men Brooks~ S~ler, K~u~w~ ~ ~lor NOES None ~e o~ce as ~sse~ is ~s follows 0~CE NO 62-10 PRO~D~G ~R ~ IS~CE OF C~ OF D~, ~ WA'I'~ ~ ~ ~S~ ~ B~S~ ~S 1962, ~ ~ ~A~ ~ OF $1,0~,~0 00, S~ ~S ~R ~ ~ OF ~RO~G ~ ~- 0F ~ O~'S WAT~W0~ ~ S~ ~S~ ~ ~ P~ OF ~ PR~O~ OF ~ ~T~ST ON S~D B~, ~O~G ~R ~E ~SE OF ~ ~ ~S~, ~G 0~ O0~S OF ~ CI~ ~ ~ PR~O~ ~ ~'I'~ST ~ ~ BE PA~, P~V~- ~ ~T ~ HOL~ OR HOLD~S OF ~ID BON~ ~ ~ ~ ~ RIGHT ~ D~ PA~ OF ~ OBLI- GA~ONS ~ OF ~ ~S ~IS~ OR ~ BE ~ BY ~ON~ ~ ~G ~ O~OES ~ ~ICT ~, heretofore on the 30th d~y of January, 1960, ~n election was held in the City of Denton, Texas, resulting favorably to the issuance of $1,600,000 00 of revenue bonds for the purpose of improving and extending the City's Wate~rks System and $2,600,000 00 of revenue bonds for the purpose of improving and extending the City's Sewer System, and ~REAS, on J~ly 12, 1960, the City Council of the City of Denton, Texas, passed an ordinance directing the issuance of $1,700,000 O0 City of Denton, Texas, Water and Sewer System Revenue Bonds, Series 1960, dated July 15, 1960 (hereinafter called "Series 1960 Bonds"), and ~, said bonds above described and said authorizing ordinance reserved to the City the right to issue Additional P~rity Revenue B~ads, under the conditions set forth in Section 19 of said Series 1960 authorizing ordinance, and ~S, the conditions prescribed in Section 19 of said 1960 authorizing ordinance have been i~lfilled and exist so that the City now has authority under said Section to issue the Additional Bonds herein authorized, and ~, at this time it is considered proper to sell only One Million ($1,000,000 00) Dollars of bonds, to-wit $ ~00~000 O0 for the purpose of improving and extending the Waterworks System and $ ~00,000 00 for the purpose of improving and extending the Sewer System reserving the right to the City to sell all or any part of the remaining $ ~45~000 O0 of bonds for improving and extending the waterworks system and $1~365~000 00 of bonds for improving and extending the sewer system, all to be considered when issued as a part of the same series of indebtedness insofar as liens and rights are considered, and ~rltEREAS, it is considered to be to the best interest of the City that said bonds be authorized in one issue secured by a first lien on and pledge of the net revenues from the operation of the City's Waterworks and Sewer System, and ~, it is now necessary and proper th~ t the City Council proceed with the issuance of such revenue bonds, THE COUNCIL OF THE CITY OF DE~TON HEREBY 0RDA~NS 1 T hat to provide fun~s for the purpose of improving and extending the existing Materworks and Sewer System of the City of Denton, Texas, pursuant to the Constitution and Statutes of the State of Texas, in- cluding particularly Articles 1111 to 1118, both inclusive, 1925, Revised Civil Statutes of Texas, as amended, and Chapter 163, Acts of the Regular Session of the Forty Second Legislature, as amende~, there shall be issued "City of Denton, Texas, Mater and Sewer System Revenue Bon~[s, Series 1962", aggregating One Million ($1,000,000 00) Dollars, numbered One (1) to One Thousand (1,000), both inclusive, of the denomination of One Thousand ($1,000 00) Dollars each 2 That aaid bonds shall be dated January 15, 1962, and shall bear interest at the rates as follows Bonds Nos 1 to 340, both incl , 3% per annum, Bonds Nos. 3%1 to 700, " " 3 35% per annum, Bon~s Nos 701 to 840, " " 3 40% per annum, Bonds Nos 841 to 1000, " " 3 %5% per annum, payable July 15, 1962, ancl semi-annually thereafter on January 15th and JUly 15th of each year, principal of and interest on said bonds shall be payable in l~w~-~ul money of the Unite~ States upon presentation and surrender of bond or proper coupon at The First National City Bank of New York, New York, New York, or, at the option of the hol~er, at the First National Bank in Dallas, Dallas, Texas, without excha~e or collection charges to the owner or holder thereof, an~ they shall mature as follows BONDS NUMBERS MA~JRITY DATES AMOUNTS 1 to 20, both incl , July 15, 1963, $ 20,000 00 21 to 40, " " Jtzly 15, 1964, 20,000 O0 %1 to 60, " " ~ 15, 1965, 20,000 CO 61 to 80, " " July 15, 1966, 20,000 O0 81 to 105, " J1Aly 15, 1967, 25,000 OO 106 to 130, " July 15, 1968, 25,000 00 131 to 155, " July 15, 1969, 25,000 OO 156 to 185, " July 15, 1970, 30,000 CO 186 to 215, " July 15, 1971, 30,000 O0 216 to 245, " July 15, 1972, 30,000 O0 246 to 275, " July 15, 1973, 30,000 O0 276 to 305, " JL~ly 15, 1974, 30,000 O0 306 to 3%0, " J~ly 15, 1975, 35,000 O0 341 to 375, " " July 15, 1976, 35,000 co 376 to %10, " " July 15, 1977, 35,000 OO 4~1 to 445, " " Jtzly 15, 1978, 35,000 00 446 to 485, " " July 15, 1979, %0,0o0 0o 486 to 525, " " July 15, 1980, 40,000 00 526 to 565, " " July 15, 1981, 40,000 OO ~ONDS ~ MATURITY DATES AMOUNTS 566 to 610, both incl , July 15, 1982, $ 45,000 O0 611 to 655, " " July 15, 1983, 45,000 00 656 to 700, " " July 15, 1984, ~5,000 O0 701 to 745, " " July 15, 1985, 45,000 O0 746 to 790, " " July 15, 1986, 45,000 00 791 to 8~0, " " July 15, 1987, 50,000 O0 841 to 890, " " July 15, 1988, 50,000 O0 891 to 945, " " July 15, 1989, 55,000 O0 946 to t000, " " July 15, 1990, 55,000 O0 3 In Bonds N~mbers Four Hundred Eleven (411) to One Thousand (1,000), both imclusive, the City reserves the option of calling each such bond for redemption prior to maturity on any interest payment date on and after July 15, 1977, at p~r and accrued interest to date so fixed for redemption, plus a premium of 2~, such premium to be reduced on July 15, 1978 to 2%, with a further reduction of 1/2 of 1% on July 15th of each year through July 15, 1981 There shall be no premium on such bonds which may be redeemed ~ 15, 1982, or on any interest payment date thereafter Thirty days' notice of such call ~al~ be given in writing to the places of payment and said notice Shall be published in a financial publication published in the City of New York New York Said notice shall appear in said publication in at least one issue, the date of said issue being not less than thirty days prior to the date so fixed for redemption If any such bond is called for redemption in said manner and if funds sufficient to pay the redemption price shall have been duly placed in the beaks of payment by the date fixed for redemption, it shall not there- after bear interest If fewer thau all of the optional bonds are called for redemption, they shall be called by lot 4 That each of said bonds and interest coupons shall be signed by the imprinted or lithographed facsimile signature of the Mayor of the City and countersigned by the imprinted or lithographed facsimile signature of the City Secretary, and the official seal of the City shall be impressed, or printed, or lithographed on each of said bonds 5 That said bonds shall constitute special obligations of said City of Denton and each of said bonds shall contain the provision that the holder thereof shall never have the right to demand payment of said obligation out of funds raised or to be raised by taxation 6 ~he form of said bonds shall be substantially as follows NO $1,000 O0 UNITED STATES OF AMERICA STATE OF TEXAS COUNTY OF D~TON CITY OF D~2~TON WA','~ AND SEWER SYSTEM REVENUE BOND SERIES 1962 The City of Denton, in the County of Denton, State of Texas, a municipal corporation duly mncorporated under the laws of the State of Texas, for value received, hereby acknowledges itself indebted to and promises to pay to the bearer hereof on the 15th day of July, 19 , the sum of ONE THOUSAND DOLLARS · n lawful money of the United States of America, with interest thereon from date hereof at the rate of __.% per annum, evidenced by coupons payable July 15, 1962, and semi-annually thereafter on January 15th and July 15th of each year, until the principal sum shall be paid, which interest is payable in lawTul money of the United States of America, upon presentation and sur- render of proper coupons as they severally become due, both principal and interest being payable at The First National City Bank of New York, New York, New York, or, at the option of the holder, at the First National Bank mn Dallas, Dallas, Texas, without exchange or collection charges to the owner or holder hereof Th~s bond is one of a series of bonds of like tenor and effect, except as to number, interest rate, maturity and right Of prior re- demption, numbered One (1) to One Thousand (1,000), both inclusive, of the denomination of One Thousand ($1,000 00) Dollars each, aggregating One Million ($1,000,000 00) Dollars, issued by the City of Denton, Texas, for the purpose of improving and extend~_ng the City's Waterworks and Sewer System, in accor- dance with the Constitution and laws of the State of Texas and the Charter of said City, and pursuant to an ordinance passed by the City Councml of the City of Denton, Texas, duly recorded in the minutes of said City Council The date of this bond in conformity with the ordinance above mentioned is January 15, 1962 *(Bonds numbered Four Hundred Eleven (411) to One Thousand (1, O00), both inclusive, of the issue of which this is one, may be redeemed prior to maturity at the option of the City on the 15th day of July, 1977, or on any interest payment date thereafter, at a price of par and accrued terest to date so fixed for redemption, plus a premium of 2~, such premium to be reduced on July 15, 1978, to 2%, with a further reduction of 1/2 of 1% on ~ 15th of each year through July 15, 1982 There shall be no premium onI such bonds which may be redeemed July 15, 1982, or on any interest payment ds~e thereafter Thirty days notice of such call is to be given in writing to the places of payment amd said notice is to be published in a financial publi- cation published in the City of New York, New York Said notice shall appear in said publication in at least one issue, the date of said issue being not less than thirty days prior to the date so fixed for redemption If such bond is called for redemption in said manner and if funds sufficient to pay the redemption price shall have been duly placed in the banks of payment by the date fixed for redemption, it shall not thereafter bear interest If fewer than all of the optional bonds are called for redemption, they shall be called by lot ) The City reserves the right to issue additional parity revenue bonds (including the $945,000 00 Waterworks Improvement and Extension Revenue Bo~ds and the $1,365,000 O0 Sewer Improvement and Extension Revenue Bonds authorized at the election held on January BO, 1960, not being issued at this time) for weterworks and sewer Improvements and extensions, under the conditions stated in the ordinance authorizing this issue of bonds, payable from the same source as are the Bonds of this issue This bond and the series of which it is a part, together with City of Denton~ Texas, Water and Sewer System Revenue Bonds, Series 1960, dat$i July 15, 1960, constitute special obligations of the City of Denton, Texas, payable both as to principal and interest from and secured by a first lien on and pledge of the net revenues of the City's Waterworks and Sewer System, and the holder hereof shall never have the right to demand payment of this obligation out of any funds raised or to be raised by taxation Each successive holder of this bond and each successmve holder of each of the coupons hereto attached, is conclusively presnmed to forego and renounce his equities in favor of subsequent holders for value without notice, and to agree that this bond and each of the coupous hereto attached, may be negotiated by delivery by any person having possession hereof, howsoever such possession may have been acquired, and that any holder who shall have taken this bond or sm4y of the coupons from any person for value and without notice, thereby has acquired absolute title thereto, free f~ any defenses enforceable against any prior holder and free from all equities and claims of ownership of any such prior holder The City of Denton and its officials and the paying agent hereinabove named shall not be affected by any notice to the contrary AND IT TS HEREBY CERTIFIED AND RECITED that the issuance of this bond and the series of w~ich it is a part, is duly authorized by law and by a majority of the resident, qualified electors owning taxable property in said City, and who have duly rendered the same for taxation, voting at an election held for that purpose within said City, that all acts, conditions and things required to exist precedent to and in the issuance of this bond to render the same law~ul and valid have been properly done, have happened and been performed in regular and due tfme, form and m~nner as required by the Constitution and laws of the State of Texas, and the ordinance herein- above mentioned, that this series of revenue bonds does not exceed any con- stitutional, statutory or charter limitations, and that provision has been made for the payment of the principal of and interest on this bond and the series of which it is a part by irrevocably pledging to the payment thereof net revenues of the Waterworks and Sewer System of the City of Denton IN WITNESS WHEREOF, this bond and the interest coupons attached hereto have been signed by the imprinted or lithographed facsimile signature of the Mayor of said City and countersigned by the imprinted or lithographed facsimile signature of the City Secretary, and the official seal of said City has been duly impressed, or printed, or lithographed on this bond Mayor, City of Denton, Texas C0~rm.,.~S IGNED City Secretary, City of Denton, Texas *(This paragraph should be omitted from Bonds Nos i to 410, both incl ) 7 ~he form of said coupon shall be substantially as fellows NO $ ON THE 15TH DAY OF , 19 The City of Denton, Texas, out of revenues specified in the bond to which this coupon is attached, wmll pay to bearer *(unless the bend to which this coupon is attached shall have been called for previous redemption as therein provided and provismon for the redemption thereof made), at The First Natior~l City Bank of New York, New York, New York, or, at the option of the holder, at the First National Bank in Dallas, Dallas, Texas, without exchange or collection charges to the owner or holder hereof, the s~m of ($ ) Dollars in lawful money of the United States of America, said sum being .-- months' interest due that day on "City of Denton, Texas, Water and Sewer System Revenue Bond, Series 1962", bearing the number hereinafter specified, dated January 15, 1962 The holder hereof sh-l! never have the right to demand payment of this obli- gation out of funds raised or to be raised by taxation Bond No City Secretsa~Y F~yor *(This parenthetical expression should be printed only in coupons maturing January 15, 1978, and subsequent) 8 The form of Comptroller's certificate, which shall be printed on the back of each bond shall be substantially as follows OFFICE OF COMPTROr.r.~R STATE OF TEXAS I Nk~EBy CERTIFY that there is on file and of record in m~ office a certificate of the Attorney General of the State of Texas to the effect that this bond has been examined by him as required by law, and that he finds that it has been issued in conformity with the Constitution and laws of the State of Texas and the Charter of said City, and that it is a valid and binding special obligation of the City of Denton, Texas, pa~able fr~n the revenues pledged to its payment by and in the ordinance authorizing same, and s~id bond has this day been registered by me WITNESS MY HAND and seal of office at Austin, Texas, Comptroller of Public Accounts of the State of Texas 9 All of the covenants, provisions, powers and condition~ contained in the ordinance passed on July 18, 1960, authorizing the Series 1960 Bonds, securing such bonds, shall secure said Series 1962 Bonds, and apply to and govern the rights of the holders thereof, as fully and effectually and to the same extent and in the same manner as if all of said covenants, provisions, powers and conditions have been here flAlly set forth The said Series 1962 Bonds and the Series 1960 Bonds shall be on a parity in all respects so that no bond of either series shall be entitled to any preference or priority over any bond of the other series 10 In addition to the amount required by said ordinance of July 18, 1960 to be deposited into the Interest amd Sinking Fund, there shall be deposited in said Fund on April 30, 1962, and on the last day of each m~nth thereafter through ~une, 1962, an amount of money not less th~n one-third (1/3rd) of the next maturing interest on this issue of Bonds Beginning on the 31st day of July, 1962, and on the last day of each month thereafter, there shall be deposited in sat~ Fund an amount not less than one-sixth (1/6th) of the next maturim~ interest and one-twelfth (1/12th) of the next maturing prin- cipal of this issue of Bonds ll In addition to the amount required by the ordinance of July 18, 1960, to be deposited in the Reserve Fund created by said 1960 ordinance, there shall be deposited on March 31, 1962, and on the last day of each mo~th thereafter the sum of $1,000 00 until the amount of cash and investments in said Funds aggregates the total sum of $170,100 O0 Whenever said Reserve Fund is reduced below that amount, payments into the Fund shall be resumed s~d continued until such time as the Fund has been restored to the sum of $170,100 00 12 It is expressly provided that the addmtional parity revenue bonds referred to in Section 19 of said ordinance of J~ly 18, 1960, shall include the $945~000 00 Waterworks Improvement and Extension Revenue Bo~ds end $1,365,000 O0 Sewer Improvement and Extension Revenue Bonds voted Jenuary 30, 1960, not being issued at this time, and that such unissued bonds later may be issued under th e terms and conditions set forth in said Section 19 of said 1960 ordinance 13 Be it further ordained that the Mayor of the City shall be authorized to take and have charge of all necessary records pertain- ing to the bonds pending investigation by the Attorney General, and shall take end have charge end control of the bonds herein authorized pending their ap- proval by the Attorney General and registration by the C~mptroller of Public Accounts Upon registratlO~ of said bo~ds, the Comptroller of Public Accounts (or a deputy designated in writing to aet for the Comptroller) shall manually sign the Cemptroller's certificate of registration prescribed herein to be ~rinted on the back of each bond, and the seal of the Comptroller sba11 be ~pressed, or printed, or lithographed on each of said bonds 14 The sale of the bonds herein authorized to B J Van Ingen and Company, New York, New York, and Associates, at a price of par mud accrued interest to date of delivery, plus a premium of $335 00, is hereby co~firmed Delivery of such bonds shall be made to such purchasers as soon as may be after the passage of this ordinance upon payment therefor in accordance with the terms of sale 15 All ordinances and resolutions, and p~rts thereof in conflict herewith are hereby expressly repealed insofar as they conflict herewith PASSED AND APPROVE~ this the 27th day of M~rch, 1962 ~yor/Ci~ of Denton, Texas p~o~/~em, A,i~ST City secret~i~y of Denton, Texa's Cit~A1~tOrn~g~, ~ity~of Denton, Texas THE STATE OF TEXAS COUNTY OF DENTON CITY OF DENTON I~ the undersigned, City Secretary of the C±ty of Denton, Texas~ do hereby certify that the above and foregoing is a true and correct copy of an ordinance (and of the minutes perta~nmng thereto) passed by the City Council of the C~ty o£ Denton, Texas, on the 27th day of March, 1962, authormzmng the issuance o£ $1,00%000 O0 Cz~y of Denton, Texas, Water and Sewer System Revenue Bonds, Ser~es 1962, which ordmnance is duly of record in the minutes of said City Council. EXECD"I~D UNDER MY HAND and seal of sa~d City, th~s the 27~th~day of March, 1962. C~ty Secretary, C~ty of Denton, Texas. ( SEA~ ) TNE STATE OF TEXAS COUNTT OF DE~TON CITY OF DEN~0N We~ the undersigned, Mayor and Czty Secretary of the C~ty of Denton~ Texas, do hereby certzi'y (a) That this ~ertif~cate is for the benefzt of the Attorney General of the State of Texas, and the holders of City of DEnton, Texas, Water and Sewer System Revenue Bonds, Series 1962, $1~000,000.00, (b) That the following ratez are now bezng charged by the City of Denton~ Texas~ for water and sewer service, WATER I~TES ~Per Month) Inside City Llmzts First 2,475 gallons $2.20 (minimum) Next 525 gallons 90 per 1,O00 gallons Next 7,000 gallons 55 per 1,O00 gallons Next 20,000 gallons .45 per 1¢000 gallons Next 50¢000 gallons 37 per 1,O00 gallons Over 80,000 gallons .~3 per 1,O00 gallons O~tslde Czty Lzmzts Double the Inside City Lzmlts Rate. S~W~ER RATES (Per Month) Re szdential Fmrst 4 Fmxt~res ~1.25 (mznimum) Over 4 Fixtures .25 per f~xture Commerczal First 4 Fixtures $1 85 (m~n~mum) Next lO Fixtures .30 per fzxtur~ Over 14 Fixtures .2~ per fixture Rooming Houses¢ Hotels¢ Schools and Colleges Fzrst 10 Fixtures ~2o75 (minimum) Next 30 Fixtures 30 per fixture Next 80 Fixtures 25 per fixture Over 120 Fixtures 20 per f~xture WITNESS OUR HANDS and seal of seld Czty, th~s the 27th day of March, 1962 C%ty S6cretary, Czty of Denton, Texas (S~) STATEMENT OF TAXABLE VALUES T~E STATE OF TEXAS C0~ OF D~TON CIT~ OF D~NTON I, the undersigned, Tax Assessor for the City of Denton, Texas, do hereby certify that the assessed value of property for the purpose of taxation in the City of Denton, Texas, for the year 1961, as shown by the approved rolls, being the last apl~roved rolls of said City is $37,101,039 00 WITNESS MY HAND this the 27th day of M~rch, 1962 Tax Assessor, City of Denton, Texas (SmL) TgE STATE OF TEXAS COb'NTY OF D~E~ CItY OF DE~IDN I, the undersigned, City Secretary of the City of Denton, Texas, do hereby certify i That this certificate is for the benefit of the holders of City of Denton, Texas, Street Improvement Bonds, Series 1962, 2 That the City of Denton was incorporated under the General Laws of the State of Texas, that the City of Denton adopted its Charter on February 24, 1959, pursuant to an election duly and legally held in said City, that the Charter of said City has not been amended since its adoption, that the City of Denton is now operating under its Charter adopted February 24, 1959, having a population at this time of approximately 27~ 000 imhabitant s, 3 That the following persons are the duly elected and qualified officials of said City Frank R Barrow, M~yor, W F Brooks, Sr , George F Spuller, Councilmen, Den Robinson, G E T~ylor, W D B~ttr~l~, City Secretary, W D Buttrill, Tax Assessor-Collector 4 That no litigation of any n~ture has been filed or is now pending to restrain or enjoin the issuance or delivery of said bonds or ~oupons appertaining thereto, or which would affect the provisions m~ie for their l~yment or security, or in any m~nner questioning the validity of said or coupons or the proceedings or authority pertaining to the issuance ef said Bomds and coupons, and that so far as I know and believe, no such litigation is threatened 5 That neither the corporate existence nor boundaries nor the title of present officers to their respective officers is being con- tested, and that no authority or proceedings for the issuance of said Bonds and coupons have been repealed, revoked or rescinded ~C~TED ~ER MY HAND and seal of said City, this the City Secretary, City of De , T~E STAT~ OF TEXAS COUNTY OF DENTON CITY OF DENTON I, the mndersmgned, C~ty becretary of the C~-ty of Denton, Texas, do hereby certzfy (a) That this certxficate ms for the bencfmt of the purchasers of C~ty of Denton, Texas, Water and Sewer System i~cvenuc Bonds, Sa~ roes 1962, $1,000,000 0% and for the Attorney Gencral of the State of Texas, (b) That the following funds created ~n the ordmnance authorizing the ~ssuance of the Sermes 1960 Rewnue Bonds show the followmng balances on hand as of the date of th~s aertmfmcate Interest and Redemption Fund ...... $ 24,850 87 · Reserve Fund .............. $ 44. 493.30 · (c) That the balance mn eac~ of the fund° lasted under (b) is the amount of money required to be on hand mn said funds as of the data of this certificate F~XECUTED this the 27~hday of March, 1962 Cm y Secretary, ~_t3 of Denton, Texas (SEAS) THE STATE GF TEXAS COUNTY OF DENTON CITY OF DENTON I, the undersigned, C~ty Secretary of the Czty of Denton, Texas, do hereby certify 1. That this certificate is for tile benefit of the holders of City of Denton, Texas, Water and Sewer System l~evenue Bonds, Series lg62, $1,000,000.00, 2. That the Czty of Denton was incorporated under the General Laws of the State of Texas, that the City of Denton adopted its Charter on February 24, 1959, pursuant to an election duly and legally held in said City, that the charter of said City has not been amended s~nce ~ts edpption, that the City of Denton is now operating under ~te Charter adopted Februsry 24, 195g, having a population at this t~e of approxnnately 27,000 znhabitants, 3. That the following persons are the duly elected and qualified officials of said City Frank R. Barrow, Mayor, W. Fo Brooks, Sr., George Fo Spuller, Coupe i~1 m~n, Don Robznson, G. E. Taylor, W. D. Buttrill, Cmty Secretary, W. D. Buttrill, Tax Assessor-bollector. 4. That no litigatzon of any nature has been fzled or is new pending to restramn or enjoin the issuance or delivery of said bonds or coupons appertainmng thereto, or which would affect the provmsmons made for their payment or security, or in any manner questionmng the valmdmty of oazd Bonds or coupons or the proceedings or authormty pertaining to the ~ssuan~e of said Bonds and coupons, and that so far as I know and believe, no such litigation is threatened. 5. That neither thc corporate exzstence nor bo~ndarzes nor the title of present officers to their r~spectzve officers zs being con- tested~ and that no authority or proceedings for the issuance of said Bonds and coupons have been repealed~ revoked or rescinded. EXECUTED UNDER MY HAND and seal of sazd Czty~ thz~ the 27th day of March, 1962. City Secre~ary~ Cl~y of Dento ~ Texas. STAT~NT OF INDEB'it~DNESS TEE STATE OF TEXAS C~JNTY OF DENTON CITY OF DE~TON T~e following is a complete statement of the Ludebtedness of the City of Denton, Texas~ includmng the proposed bonds I PROPOSED BC~DS City of Denton, Texas, Street Improvement Bonds, Series 1962, d~ted March 15, 1962, numbered One (1) to One Hundred (100), both in- clusive, of the denomination of Five Thousand ($5,000 00) Dollars each, aggre- grating Five Hundred Thousand ($500,000 00) Dollars, bearing interest at the rates as follows Bonds maturing 1963 to 1969, both incl , 3-1/8~ per annum, Bonds maturing 1970 to 1974, " " 2-S/4% per annum, Bonds maturing 1975 to 1978, " " 3% per annum, Bonds maturing 1979 to 1983, " " 3-1/8% per annum, Bonds matu~ 1984 to 1987, " " 3 20% per annum, payable March 15, 1963, amd semi-annually thereafter on September 15th and ~rch l~th of each year, and maturing sermally as follows $20,000 00 3/15163-8? II 0U~STANDINS BONDS City Of Denton, Thxas, Brid~e Construction Bonds, Series 1927, dated Janusa-Z 1, 1927, originally issued in the amount of $25,000 00, bear~ interest at the mate of 5% per ~um, now outs~ndlng in t~e ~mount of $~,000 00, m~turing as follows $1,000 O0 1/1/63, ~1,000 00 65-67 .................... $ 4,000 00, City of Denton, Texas, Oity F~ll Bonds, 8eries 1927, dated J~ua~a~-~ 1, 1927, or±ginall~ issued in the ~oant of $100,000 00, bearing interest at the rate of 5% per sz~num, now outstanding in the amount of ~13,000, ~turing seris~.~.y as follows $2,000 00 1/1/63, $3,000 6~, $2,000 O0 65, $3,000 00 66-67 .......... $ 13,000 00, City of Denton, Texas, Fire Station Improve- ment Bonds, Se~ies 1929, ~ed JulV 1, 19~9, originally issued i~ the amc%mt of $30,000 00, bearing interest at the mate Of 5% peru ann%~a, now outstanding in the a~ount of ~9,000 00, maturin~ seriall~ as follows $1,000 O0 7/1/62" -~68, $~,000 O0 69 ............... $ 9,000 00, City of Denton, Texas, Park Purchase and Im- provement Bonds, Series 1929, dated July 1, 1929, ori- ginally issued in the amount of $18,000 O0 bearing in- terest at the rate of 5% per annum, now outstanding in the amount of $8,.000 00, maturing serially as follows $1,000 O0 711/62 69 ................. $ 8,000 00, City of Denton, Texas, Street Improvement Bonds, Series 1929, dated July 1, 1929, originally issued in the amount of $37,000 00, bearing interest at the rate of 5% per annum, now outstanding in the amount of 915,000 00, maturing serially as follows $1,000 O0 7/1/62, $2,000 O0 63 -69 .......... $ 15,000 00, City of Denton, Texas, Airport Purchase and Construction Bonds, Series 1942, dated January 15, 1942, originally issued in the amount of $65,000 00, bearing interest at the rate of 2~ per annum, now outstanding in the amount of $18,000 00, maturing serially as follows $3,ooo oo 4/:1.5/62, $2,000 00 63, 93,000 oo 64, $5,0oo oo 65-66 ......................... $18,ooo oo, City of Denton, Texas, Street Improvement Bonds, Ser~es 1946, d~ted November l, 1946, originally issued in the amount of $225,000 OO, bearing 2~j 2~ interest, now outstanding mn the amount of $140,000 O0, maturing serially as follows $26,000 OO 5/1/62.64, $31,000 00 65-66 ................... $140,000 00, City of Denton, Texas, Fire Equil~ment Bonds, Series 1946, dated November l, 1946, originally issued in the amount of $35,000 00, bearing 2~, 2~ interest, now outstanding in the amount of $~15,~000 00, maturing serially as follows $3,000 O0 5/1/82-66 ...... $ 15,000 00, City of Denton, Texas,. Park Improvement Bon~ds, Series 1946, dated Novemb~l, 1946, originally issueu in the amount of $20,000 OO, bearing 2~, 2~ interest, now outstanding inthe amount of ~6,000.00, maturing serially as follows $1,000 O0 5/1/62-85, $2,000 O0 66- $ 6,000 00, City of Denton, Texas, Library Building Bonds, Series 1947, dated November l, 1947, originally issued in the amount of $50,000 00, bearing interest at the rate of 2~ per annum, now outstanding in the amount of $50,000 00, maturing serially as follows $25,000 00 5/1/68-69 ....................... $ 50,000 00, City of Denton, Texas, Street Improvement Bonds, Series 1948, dated March l, 1948, originally issued in the ~.w~unt of $150,000 00, bearing interest at the rate of 3~ per annum, now outstanding in the amount of $150,000 00, maturing serially as follows $25,000 O0 3/1/68-69, $50,000 O0 70 71 ........ $150,000 00, City of Denton, Texas, Hospital Bonds, Series 1948, dated ~rch l, 1948, origi~ll~y issued in the amount of $150,000 00, bearing 3~, 3~ interest, now outstanding in the amount of $67,.000~ 00~. maturing serfn.~l~y as follows $8,000 O0 3/1/83-64, $3,000 O0 65-66, $45,000 O0 67 ................. $ 67,000 00, City of Denton, Texas, Street Improvement Bonds, Series 1960, dated J~lly 15, 1960, orig .l~_l~. issued in the amount of $600,000 O0, bearing 59, 3~= 3-3/4~, B 85~ interest, now outstanding in the amount of $580,000 00, maturing serially as follows $20,000 7/15/62-65, $25,000 O0 66-85 .............. $580,000 00 III City of Denton, Texas, Improvement Warrants, Series 1955, dated November 1, 1955, originally issued in the amount of $156,000 00, bearing interest at the rate of 3~ per annum, now outstanding in the amount of $~7,000 00, maturing serially as follows $21,000 00 3/1/63, $22,000 O0 6~, $4,000 O0 65 .......... $+7,000 O0 We, the undersigned, City Secretary and City Treasurer of the City of Denton, Texas, do hereby certify that the above and foregoing statem-ut exhibits a true~ full and correct statement of the indebtedness of the City of Denton of every character existing on the 2?th day of March, 1962, as shown by the books and records of said City on file in the office of the City Secretary WIT~[ESS OUR HANDS and seal of said City, this the .~7th day of March, 1962 ~ ~~ ~City Secretary, City of Denton, Texas Ci%y ~rea-s~r, City of Denton, Texas (S~Z) TO THE HONORABLE CITY COUNCIL OF THE CITY OF DENTON, TEXAS The bzds for $500,000 General Oblzgatmon Bonds havmng been opened and read by the fmseal agent for the Czty and the tabulatmon thereof made, and mn complmanee wmth Artmcle 9, Seotmon 9 04 of the Cmty Charter, I recommend that the bmd made by the Fmrst Natmonal Bank of Memphms, Tennessee, and Assocmates, be accepted, samd bmd bemng the lowest and best bad TO CERTIFY WHICH, w~tness my hand thms 20th day of March, A D 1962 Bond Attorney for the Cmty TO THE HONORABLE CITY COUNCIL OF THE CITY OF DENTON, TEXAS The bads for $1,000,000 of City of Denton Revenue Bonds having been opened and read by the fiscal agent for the City and the tabulatzon thereof made, and zn compliance w~th Article 9, Seotlon 9 04 of the City Charter, I recommend that the bld made by be accepted, sazd bld bezng the lowest and best bzd TO CERTIFY WHICH, w~tness my hand th~s 20th day of March, A.D 1962 Bond Attorney for the Czty of Denton, Texas