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HomeMy WebLinkAbout0230_0009PROPOSITION NO. 9 Shall the City Council of said City be authorized to issue the bonds of said City, in one or more series or issues, in the aggregate principal amount of $750,000 with the bonds of each such series or issue, respectively, to mature serially within not to exceed 40 years from their date, and to be sold at such prices and bear interest at such rates as shall be determined within the discretion of the City Council, for the purpose of acquiring and constructing a Library, 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 maturity? sinking fund to pay said bonds at PROPOSITION NO. 10 Shall the City Council of said City be authorized to issue the bonds of said City, in one or more series or issues, in the aggregate principal amount of $800,000 with the bonds of each such series or issue, respectively, to mature serially within not to exceed 40 years from their date, and to be sold at such prices and bear interest at such rates as shall be determined within the discretion of the City Council, for the purpose of constructing, equipping and relocating maintenance and storage buildings for City equipment, 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 I FOR ) THE ISSUANCE OF $10,200,000 WATERWORKS } SYSTEM (WATER TREATMENT PLANT AND AGAINST } TRANSMISSION LINES) REVENUE BONDS I PROPOSITION NO. 2 FOR ) THE ISSUANCE OF $800,000 SEWER SYSTEM AGAINST ) REVENUE BONDS PROPOSITION NO. 3 FOR } THE ISSUANCE OF $1,000,000 STREET AGAINST ) IMPROVEMENT TAX BONDS PROPOSITION NO. 4 FOR ) THE ISSUANCE OF $535,000 FIRE STATION AGAINST j TAX BONDS PROPOSITION NO. 5 FOR ) THE ISSUANCE OF $475,000 CENTRAL BUSINESS DISTRICT SIDEWALK IMPROVEMENT AGAINST i TAX BONDS NZ