Loading...
HomeMy WebLinkAboutOrdinance No. 57ORD #57 ORDINANCE CALLING A BOND ELECTION THE STATE OF TEXAS COUNTY OF DENTON CITY OF THE COLONY WHEREAS, it is deemed necessary and advisable to call the election hereinafter ordered; and WHEREAS, - it' is hereby officially found and determined that said meeting was open to the public, and public notice of the time, place and purpose of said meeting was given, all as re- quired by Vernon's Ann. Civ. St. Article 6252-17. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF THE COLONY: 1. That a bond election shall be held on April 7, 1979 at the City's regular election in said City at the following designated polling place: Camey Elementary School Gymnasium The Colony, Texas Said City shall constitute a single election precinct for said election, and the following election officers are hereby appointed to hold said election: Presiding Judge: Rose Ashman Alternate Presiding Judge: Glenda Davis 2. That absentee voting shall be conducted by the City Secretary, Janice Carroll, at the City Secretary's Office at the City Hall, The Colony; Texas. 3. That the Presiding Judge shall appoint not less than two qualified election clerks to serve and assist in conducting said election; provided that if the Presiding Judge actually serves as expected, the Alternate Presiding Judge shall be one of such clerks. 4. That by approving and signing this Ordinance the Mayor of said City officially confirms his appointment of the aforesaid election officers to serve at said election; and by passing this Ordinance the governing body of said City approves and concurs in the appointment of the aforesaid election officers. 5. That all resident, qualified electors of said City shall be entitled to vote at said election. 6. That notice of said election shall be given by posting a substantial copy of this Ordinance at the City Hall and at two other places in said City, not less than 15 days prior to the date set for said election; and a substantial copy ,of this Ordinance also shall be published on the same day in each of two successive weeks in a newspaper of general circulation published in said City, the date of the first publication to be not less than 14 days prior to the date set for said election. r,. 7. That at said election the following PROPOSITIONS shall be submitted in accordance with law: PROPOSITION NO. 1 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 $810,000, 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, not to exceed 8% per annum, as shall be determined within the discretion of the City Council, for the purpose of constructing and permanently equipping a municipal and police building and the acqui- sition of the sites therefor; 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 sinking fund to pay said bonds at maturity? PROPOSI'T'ION NO. 2 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 $480,000, 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, not to exceed 8% per annum, as shall be determined within the discretion of the City Council, for the purpose of constructing and permanently equipping fire stations and the acquisition of sites therefor; 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 sinking fund to pay said bonds at maturity? PROPOSITION NO. 3 Shall the City Council of said City be authorized to issue the bonds of said Citv, in one or more series or issues, in the aggregate principal amount of $155,000, 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, not to exceed 8% per annum, as shall be determined within the discretion of the City Council, for the purpose of acquiring and improving lands for park purposes; 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 sinking fund to pay said bonds at maturity? PROPOSITION NO. 4 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 $305,000, 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, not to exceed 8% per annum, as shall be determined within the discretion of the City- Council, ityCouncil, for the purpose of acquiring and improving land for park purposes, to -wit: construct swimming pool, with any surplus bond proceeds to be used for the purpose of acquiring and improving lands for park purposes; 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 sinking fund to pay said bonds at maturity? PROPOSITION NO. 5 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 $25,000, 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, not to exceed 8% per annum, as shall be determined within the discretion of the City Council, for the purpose of constructing an animal shelter in said City; 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 sinking fund to pay said bonds at maturity? PROPOSITION NO. 6 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 $145,000, 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, not to exceed 8% per annum, as stall be determined within the discretion of the City Council, for the purpose off constructing and improving streets in said City; and shall said City Council be a authorized to levy and cause to be assessed and collected annual ad valorem taxes in an aioount sufficient to pay the annual interest on said bonds and provide a sinking fund to pay said bonds at maturity? 8. 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 afore- said 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 FOR ) THE ISSUANCE OF $810,000 MUNICIPAL AND POLICE BUILDING TAX 5CNDS AGAINST ) FOR AGAINST PROPOSITION NO. 2 THE ISSUANCE OF $480,000 FIRE STATION TAX BONDS PROPOSITION NO. 3 FOR ) THE ISSUANCE OF $155,000 PARK TAX BONDS AGAINST ) PROPOSITION NO. 4 FOR ) THE ISSUANCE OF $305,000 SWI-NLMING POOL TAX BONDS AGAINST ) PROPOSITION NO. 5 FOR ) THE ISSUANCE OF $25,000 ANIMAL SHELTER TAX BONDS AGAINST ) PROPOSITION NO. 6 FOR ) THE ISSUANCE OF $145,000 STREET IMPROVEMENT TAX BONDS AGAINST ) 9. That a copy of this Ordinance was posted on the bulletin oard at the City Hall 12 hours prior to the meetings at which it as read. ------------------ ROVED AS TO LEGALITY OF FORM: Ly attorney