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HomeMy WebLinkAboutResolution No. ??-68 - BOND ELECTION ORDER • . • • RESOLUTION CALLING BOND ELECTION; PROVIDING DETAILS RELATING THERETO; AND CONTAINING OTHER PROVISIONS RELATING TO THE SUBJECT THE STATE OF TEXAS § COUNTY OF GALVESTON § The City Council of the City of Friendswood, Texas , con- vened in regular session, open to the public , at the City Hall within said City on the 4th day of November , 1968, with the following members and the City Secretary present , to-wit : Edward F. Stuart IMOVEXXXXXXAMEXffs Mayor Pro Tem James E . Mager Alderman George F . Prude Alderman Ronald G . Hamil Alderman Thomas F . Woods Alderman Pat Gillespie XXXXXXXXXIXXX AssistantCity Secretary and the following member(s ) absent , to-wit : Mayor Ralph W. Somer§ and City Secretary L. 8. Cline, when, among other business , the following was transacted: A resolution was introduced which was read in full . Alderman Woods made a motion that the resolution be adopted . Alderman Hamil seconded the motion for adoption of the resolution. The motion, carrying with it the adoption of the resolution, prevailed by the following vote : AYES : MF4 X 7a5ldermeNfa.ger;d UNAN, Hamil,fixWoods. XXdXX AXXX NOES : NSAM Alderman Prude. The Mayor thereupon announced that the resolution had been duly and lawfully adopted . The resolution thus adopted follows : r * RESOLUTION CALLING BOND ELECTION; PROVIDING DETAILS RELATING THERETO; AND CONTAINING OTHER PROVISIONS RELATING TO THE SUBJECT WHEREAS, the following described bonds have hereto- fore been issued by the Galveston County Water Control and Improvement District No . 15 of Galveston County, Texas : (1) Galveston County Water Control and Improvement District No . 15 Waterworks and Sanitary Sewer System Combination Revenue and Unlimited Tax Bonds , Series 1957 , dated July 1, 1957 , now outstanding in the aggregate amount of $236,000 , maturing serially on the 1st day of March in each of the years as follows : $ 4 , 000 1969/71 5,000 1972/74 6 ,000 1975/76 7, 000 1977/80 8,000 1981/82 10 ,000 1983/84 11, 000 1985/86 12 , 000 1987/88 13,000 1989 14 ,000 1990 15,000 1991 20,000 1992 25 , 000 1993 (2 ) Galveston County Water Control and Improvement District No . 15 Waterworks and Sanitary Sewer System Combination Revenue and Unlimited Tax Bonds , Series 1958 , dated July 1, 1958 , now out- standing in the aggregate amount of $25 ,000 , and maturing on March 1, 1994 ; and WHEREAS, the following described bonds have hereto- fore been issued by the Galveston County Water Control and Improvement District No . 21 of Galveston County, Texas : • Galveston County Water Control and Improvement District No . 21 Waterworks and Sewer System Combination Tax and Revenue bonds , Series 1964 , dated November 1, 1964 , now outstanding in the aggregate amount of $600,000 , maturing serially on the 1st day of August in each of the years as follows : $10,000 1972/76 15,000 1977/81 20,000 1982/86 25,000 1987/91 30,000 1992/97 35 ,000 1998/99 and WHEREAS, the City of Friendswood, having been in- corporated on or about November 1, 1960 , as a municipal corporation under the general laws of the State of Texas, thereafter entered into a contract with the said District No . 21 whereby said City was empowered, among other things, to assume control of, maintain and operate the waterworks and sewer systems of the said District No . 21, to collect the revenues resulting from the operation of said systems and to apply such revenues , to the extent and in the manner provided in said contract , to the payment of the principal of and interest on said outstanding Series 1964 bonds of the said District No . 21; and WHEREAS, the City of Friendswood annexed all of the territory within said Galveston County Water Control and Improvement District No . 15 in 1964 , and, after entering into the contract mentioned in the next preceding paragraph above, annexed all of the territory within the said Galveston County Water Control and Improvement District No . 21 in 1967 ; and 4. WHEREAS, the said City of Friendswood has taken over all properties and assets , has assumed all debts , liabilities and obligations and now performs all functions and services of both said Districts , and both such Districts have been abolished as provided by law; and WHEREAS, the City Council of the City of Friendswood, Texas , deems it necessary and desirable that an election be called and held within said City for the purpose of voting on propositions relating to the issuance of water system and sanitary sewer system revenue bonds of .said City, as herein- after set forth; Therefore BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD, TEXAS : Section 1 : That an election shall be held in and throughout the City of Friendswood, Texas , on the 23rd day of November, 1968, at which election the following proposi- tions shall be submitted to the duly qualified resident electors of said City who own taxable property within said City and who have duly rendered the same for taxation, for their action thereupon, to-wit : R PROPOSITION NO . ONE SHALL THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD, TEXAS, BE AUTHORIZED TO ISSUE THE REVENUE BONDS OF SAID CITY IN THE AMOUNT OF $65 ,000, MATURING SERIALLY WITHIN 40 YEARS FROM THEIR DATE OR DATES, AND BEARING INTEREST AT A RATE OR RATES NOT EXCEEDING 6% PER ANNUM, FOR THE PURPOSE OF EXTENDING AND IMPROVING THE CITY ' S WATERWORKS SYSTEM; SAID BONDS TO BE ISSUED IN ACCORDANCE WITH AND SECURED IN THE MANNER PROVIDED IN ARTICLES 1111 TO 1118, BOTH INCLUSIVE, VERNON' S TEXAS CIVIL STATUTES, AS AMENDED; AND TO SECURE THE PAYMENT OF THE INTEREST ON SAID BONDS AS IT ACCRUES AND THE PRINCIPAL OF SAID BONDS AS IT MATURES BY PLEDG- ING THE NET REVENUES FROM THE OPERATION OF SAID WATERWORKS SYSTEM, AND, AT THE OPTION OF THE CITY COUNCIL, BY ALSO PLEDGING THE NET REVENUES FROM THE OPERATION OF THE CITY' S SANITARY SEWER SYSTEM; EACH BOND TO BE CONDITIONED THAT THE HOLDER THEREOF SHALL NEVER HAVE THE RIGHT TO DEMAND PAYMENT OF SAID OBLIGATIONS OUT OF ANY FUNDS RAISED OR TO BE RAISED BY TAXATION; PROVIDED, THAT IF THE CITY COUNCIL IS AUTHORIZED TO ISSUE THE BONDS DESCRIBED IN THIS PROPO- SITION AND THE BONDS DESCRIBED IN PROPOSITION NO . TWO, THEN SAID CITY COUNCIL MAY COMBINE SUCH AUTHORIZED BONDS INTO ONE ISSUE? PROPOSITION NO . TWO SHALL THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD, TEXAS, BE AUTHORIZED TO ISSUE THE REVENUE BONDS OF SAID CITY IN THE AMOUNT OF $635, 000 , MATURING SERIALLY WITHIN 40 YEARS FROM THEIR DATE OR DATES, AND BEARING INTEREST AT A RATE OR RATES NOT EXCEEDING 6% PER ANNUM, FOR THE PURPOSE OF EXTENDING AND IMPROVING THE CITY ' S SANITARY SEWER SYSTEM; SAID BONDS TO BE ISSUED IN ACCORDANCE WITH AND SECURED IN THE MANNER PROVIDED IN ARTICLES 1111 TO 1118, BOTH IN- CLUSIVE, VERNON' S TEXAS CIVIL STATUTES, AS AMENDED; AND TO SECURE THE PAYMENT OF THE INTEREST ON SAID BONDS AS IT ACCRUES AND THE PRINCIPAL OF SAID BONDS AS IT MATURES BY PLEDGING THE NET REVENUES FROM THE OPERATION OF SAID SANITARY SEWER SYSTEM, AND, AT THE OPTION OF THE CITY COUNCIL BY ALSO PLEDGING THE NET REVENUES FROM THE OPERATION OF THE CITY ' S WATERWORKS SYSTEM; EACH BOND TO BE CONDITIONED THAT THE HOLDER THEREOF SHALL NEVER HAVE THE RIGHT TO DE- MAND PAYMENT OF SAID OBLIGATIONS OUT OF ANY FUNDS RAISED OR TO BE RAISED BY TAXATION; PROVIDED, THAT IF THE CITY COUNCIL IS AUTHORIZED TO ISSUE THE BONDS DESCRIBED IN THIS PROPOSITION AND THE BONDS DESCRIBED IN PROPOSITION NO . ONE, THEN SAID CITY COUNCIL MAY COMBINE SUCH AUTHORIZED BONDS INTO ONE ISSUE? A • Section 2 : That said election shall be held in accor- dance with the provisions of the Constitution and laws of the State of Texas , and only duly qualified resident electors of said City who own taxable property within said City and who have duly rendered the same for taxation shall be qualified to vote . Section 3 : That the entire City is hereby established as one election precinct, and the Council Chamber of the City Hall within said City is hereby designated as the polling place for said election. The following are hereby appointed officers to conduct said election: Mr. J. 3 . Sore Presiding Judge Mr. Otto Kaardt Alt . Presiding Judge and the said Presiding Judge shall appoint not less than two nor more than three persons to serve as election clerks . Section 4 : That it is hereby determined that voting at said election shall be by the use of voting machines , and the ballots of said election shall conform to the Election Code of the State of Texas , and shall have printed thereon the follow- ing: OFFICIAL BALLOT PROPOSITION NO . ONE FOR AGAINST THE ISSUANCE OF $65, 000 WATERWORKS SYSTEM REVENUE BONDS ' - • PROPOSITION NO . TWO FOR AGAINST THE ISSUANCE OF $635 , 000 SANITARY SEWER SYSTEM REVENUE BONDS Each voter desiring to vote in favor of a proposition shall pull the voting pointer down indicating "For" such proposition, and each voter desiring to vote against a proposition shall pull the voting pointer down indicating "Against" such proposition. Section 5 : That as to absentee voting, however, paper ballots shall be used, and absentee voting shall be conducted by a clerk for absentee voting, namely, L. B. Cline, City Secre- tary, and the place at which absentee voting shall be conducted is the City Secretary ' s office in the City Hall within said City, which is also the absentee voting clerk' s mailing address to which ballot applications and ballots voted by mail may be sent . Said clerk shall keep said office open for at least eight (8 ) hours , that is , from 8 : 00 a .m. to 5 : 00 p .m. , on each day for absentee voting which is not a Saturday , a Sunday or an offi- cial state holiday . The absentee ballots of said election shall conform to the requirements of the Election Code of the State of Texas , as amended, and, in addition, shall have printed thereon the following : OFFICIAL BALLOT PROPOSITION NO . ONE [ ] FOR ) THE ISSUANCE OF $65, 000 WATERWORKS SYSTEM REVS- [ ] AGAINST ) NUE BONDS M ♦ f- PROPOSITION NO . TWO [ ] FOR ) THE ISSUANCE OF $635 ,000 SANITARY SEWER SYSTEM [ ] AGAINST ) REVENUE BONDS The voter shall vote on the proposition by placing an "X" in the square beside the statement indicating the way he wishes to vote on the proposition. Section 6 : That notice of said election shall be given by posting a substantial copy of this resolution at the City Hall and at one (1) other public place within said City not less than fourteen (14 ) days prior to the date set for said election, and by publication of said notice on the same day in each of two (2 ) successive weeks in The Surburban Journal, a newspaper of general circulation within said City , published in Dickinson, Texas, the first of said publications to be made not later than fourteen (14 ) days prior to the date set for said election. Section 7 : That this resolution shall take effect im- mediately and be in full force upon and after its adoption. PASSED AND APPROVED this 4th day of November, 1968 . /s/ Ralph W. Someers Mayor, City of Friendswood, Texas ATTEST: /s/ L. B. Cline City Secretary, City of Friendswood, Texas (SEAL) v - qr ► b THE STATE OF TEXAS § COUNTY OF GALVESTON § I, the undersigned, City Secretary of the City of Friendswood, Texas , do hereby certify that the attached and fore- going is a true and correct copy of a resolution adopted by the City Council of said City at a meeting held on the 4th day of November, 1968, together with an excerpt from the minutes of said meeting showing the adoption thereof, as same appear of record in the official minutes of said City Council on file in my office . WITNESS MY HAND AND THE OFFICIAL SEAL OF SAID CITY, this 4th day of November, 1968 . City Secretary , City of Friendswood, Texas (SEAL) YOU WILL, THEREFORE, TAKE NOTICE of all matters and facts set out in the foregoing notice and resolution. City Secretary , City of Friendswood, Texas (SEAL)