HomeMy WebLinkAboutORD 03.09.1964 - Bond ElectionBLECTIOL ORDER
T_!,1E OF TBXi,-,S
tit} DETY OF WILLIAISON
CITY OF GRORGET ChY
On this the 9th day of Earch, 1964, the City Council of the City
of Peorgetown, Texas, was convened in regular session.at the regular
meeting place in the City Hall with the follo0ng members present,
to -wit;
Rawleigh S. Elliott s Kyor
7dward L. 7vans
Doyle F. Lyda
A. 0. Hovt Or Aldermen,
Edgar P.
Eennie `.silcox, jr.
Claud 7ads
: Gity Secretary,
and the followinE absent ; Done, Constituting a quorem, at which time
the followinG proceedinCs were had:
Alderman Evans introduced an order and mol-ed its adoption. The
motion MA seconded by Alderman.Hoyt. The motion, carr:dng withlit,
the adoption of the order, prevailed by the following vote:
AYES: Aiderren Evans, Lyda, Hoyt, Piles and Wilcox.
NOTFS; Tona
The ORDER 16 as follows:
BY THE CITY 0' TIT'Fx UTJ`Y OF
CALLIUG AN E1,70TIqU OUR TIM AWHOFIZATION 01 TONDS 01
THE CITY UP 1,, THR 1EL1.OWING WOUNTS AND
FUR TYE FOLLOZYG PW0378: (1) f280,000 REVENUE BONDS
W THE PURPOSE OF CONSTROCTING A SEWE D13POSAL PLANT
APB OTHER EXTENSIONS AND !hTEOVEITNTS TO ThE CITY'S
SPNER SYSTEM; ANn (2) t89,000 't'_"R, '!':7
?URPOSE OF CONSTRUCTING 7ZTE"ISIONS AYD 11TROIETTETS TO
THE CITY'S KATERAORKS SYSTEW.
NBERPAS, the City Council of the City of GeorgetoqR, Texas,
deems it necessary and advisable to issue the honds of Phe City of
Georgetown in the amounts and for the purposes hereinalger stated;
THEMURF, BE 1T ORD74ED MY TPE CKY 00IMCIL OW UMPOITY OY
GEOWTOON, TBXAS-.
Section 1.
That an election is hereby ordered to"be held in
the City of Georgetown, Texas, on Lpril 7, 1964, such d#te AMC
not less than fifteen (15) nor more than thirty (20)
from the
date of the Pdo"tion of this order, at which election tKe following
propositions shall se submitted to the resident quali
property
taxpayinE voters of said City, who won taxable propertlyin the dity
and who have duly rendered the same for taxation, for
thereupon:
FROPOSITIOW HO. 1
Shall the City Wuncil of the City of Goorget
be authorized to issue ;,j"2%000 of revenue bonds of sai
maturinZ serially o-er a period of yw.-.rs nol-, to -exceed
yeers from their date, bearing interest at a rate not t
per cent BY) perannum, for the purpose of constructin
Disol at nd er tesins d oeets A
sewer systemg svid revenue bonds to be special ob!Qati
of Georgetown, payable as to both principal and interes
and secured by a first lien on and pledge of the revenu
combined waterworks, sewer and electric liGht system, a
of reasonable operation and maintenance expenses?
FROPOSTIGH NO. 2.
Shall the City Council of the City of Georg
be authorized to issue 189,000 of revenue bonds of sai
maturinL serially over a period of years not to exceed
years from their date, bearing interest at a rate not
per cent (55) per annum, for the purpose of constructi
and improvements to the City(s waterworks systemi said
to be special obligations of the "ity of GenrUetown, p
principal and interest solely from and secured by a fi
pledge of the revenues of the City's combined waterwor
electric 1ight systei, after deduction of reasonable
maintenance ex-)enses?
Section 2. That the revenue bonds hereinabove
said hopositions Nos. I and 2 are to be ratably see
eir action
n, Texas
city,
i-r-,Y (30)
exceed five
a Sewage
he City's
S 62 the nity
W e # from,
of the City's
er deduction
own, Texas,
W7,
hirpy (30)
exceed five
extensions
venue bonds
able as to both,
t lien on aW
, sewer and
eration and
ioned in
An such
manner that no one bond shall have priority of lien ovAR any other
bond, it bein,-, tli-ie intent hereof to provide for the cry6tion of an
indebtedness against the City's combined waterworks, s
electric !Qht system for the purposes stated in said
Nos. Vand 2, and such bonds submitted under such pron
and
positions
tions as
are
approved by the
qualified voters votinS at the
election herein
and
hereby ordered,
are to be issued in one
or more
installments,
but
as a single corAined
authorization; and
the holder
or holders
of
such bonds shall
never have the rQht to
demand
payment thereof
out
of any funds raised
or to be raised 47
taxation.
Section 3-
That said election shall
be
held at the FIRE,
STATION
in
the City of GecrEetown,
Texas all
of said City belnE in-
in
one election precinct),
and Krs.
R.
I.
higgs is hereby ap-
cluded
pointed
PresidinE
judge and irs.
Tom %Afert-Q7
is
hereby appointed
Algernate
Presiding Judge. The
Presiding
judge
shall appoint two
clerks
to
assist in holdinE said
election.
Vat absentee votine shall be conditeted by the City Woretary
at his office in the City hall'in Georretoun. Texes, between the hours
of SiDo o'clock, A. h., and f1QQ o'clock, P, K., Wndays through
Fridays , and between the ho-rs of 0100 o'clock, A. M., and 12:00 o'clock
noon on Saturdays, beEinning March 18, 1964 and e%tendin,irou�:,,,'h ,pril 3,
19% and the City Secretary is hereby directed to keep his office qpom
as heroin provided, for at least eight hours on each day for absentee
voting which is not a naturdoy, a Sunday, or an official state holiday.
Section 4. That said election shall be held under the pro-
visions of and in accorUnce with the laws governing the issurnee of
municipal bonds by cities, as provided in the Ueneral Laws of the State
of exas and only resident qualified property taxpaying voters of th
Te
City of Pea r3etown, Texas, who own taxable property in said City and who
have duly rendered the same for taxation, shsli be alloued to vote.
Section 5. That the ballots for said election shall have
written or printed thereon the followinC :
OPPICIAL BALLOT
F�OR T_'-�P, OF THE WAGE DISP03AL PLAIT AFD SEWER
WTEN IMPROVEMEOT 1EVEU-0 WnSo
AGAIEST ThE !SSUANCE OF THE MAIN DISPOSAL PLANT A"D
SEWER SYSTR'-� P, P 3`,'T)'
- _7R-V`E,",J1TP, 10
FOR TIE ISSUANCE OF TaTERAORKS, SYSTEM IMPRWEMENT REVENUT111
BONDS.
AGAINST THE OF
F71"VI-ENT TE PO'311TDS.
u
As to each of the foregoing propositions, each vo Ir ,r+ shall
scratch or ark out one of the above expressions, t;hui leaving the
other as indicating his note., on the two propositions, � espectively.
q
Section _.'__'hat; notice of said election ion shall Al given by pCrSi:ing
and publication of a 4'tJ7'?y of this order, 3t; the top of which shall appear
the `Girds "NOTICE OF C!`I'e; x TD ELECTION"; and said not:C.',e shall be posted
at the CITY HALL a?.?ri at two C?i;l"er public places w3_ ,'hir the City not less
than foul""tG'rasn (14) full days prior to the date an whict said election is
to be 12E$i.Cisand be k"ubli.ti,hed on the .as:me day in iE'ach of 'Two successive
weeks in a newspaper Of general circulation, pub i 1 edl in the City o
Geo f'etl7i`TY7 y Texas, nhe first GZ said pu 7li c'."C:1.Cins to , made not 1.
as
iu.f..f,. days prior to the date set fo said �election.
PASSED, A1 OPI D AND APPORVED his 9th day, of QrciP y QUA
U
CITY
ECKvim RY
L.L - br �rlr :,:�
