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<br />Section 1: That a special election shall c;c held in the City of La, Forte,
<br />Texas, on ~.,hc ?7th day of P~Igy, 1~j0, at which cleation there shall be subr.~ittcd
<br />to the duly qualified resident electors of said Ci-~,~ *rrho own taxable property
<br />within s€~id City and t~iio have duly rendered the ssune for taxation, for their
<br />action thereupon, the follvs^ring propositions, to-grit:
<br />PROPOSITION N0. ONE
<br />SHALL THE CITY COP~P."IS::ION flF T'E CITY OF LA PURTE, TEXAS BE AUTHORIZED
<br />TO ISSUE TIJ~ BOIv'DS OF Sr,ID C1TY IN THE At~IOUNT f~' FIFTY TIOUSAND 050,000)
<br />DOLLARS, MATURING SERIALLY i`~TTIiIN T'riIRTY (30) YEARS .r"?OP,7 THEIR DATE OR
<br />DATES, BExRIP1G INTF,REST AT A ?'r'TE i?C1T TO EXCEED FOUR (~.`o) PERCENT P~2
<br />- --_~ -ADfiTCIl~i, FOR THE POI2POSE OF ~ITP,CHASING, AC~!ULRING PiND %Y:PIUVING L,?NDS TO
<br />BE USED FC~i PUBLIC P9RKS :~idD PLAYi~'ROUNDS F'OR SAID CITY, AND TO LEVY A
<br />TAX UPON ALL TAXABLE FAOPERTY ';iITHIN SAID CITY TO PAY THE INTEREST ON
<br />S2? ID BONDS AS TT ACC RUES A?~ID PROVIDE .A S INKIA?G Ta"JPTD T 0 RET 1RE SUCH BONDS
<br />AS Tf~Y NIATLTRE?
<br />PROPOSITIOPd N0. T'rV0
<br />SHAH, THE CITY CO~~Il'~IISSION OF THE CITY OF LA PCRTE, TEX.4.S, BE AUTH~IZED
<br />T 0 ISSUE THE F,.EVENUE BONDS OF SAID CITY II`f TILF AMOUNT OF FIFTY THOUSAND
<br />050,000.00) DOLLARS, P~IATURING SF,RIALLY I"JITHIIvT TIiIRTY {30) YEARS rRC~~f
<br />T~?~'IR DATE OR DATES, BERING INTE°~F.ST AT A RATE IdCli' TO r.'~',CvED FOUR (1~)
<br />PER ANP?UI~I, FOR TIIE PCTI~'. POSn OF BUILDING P,NNIC IPt,I.. PARKS FOR SAID CITY, :^~ND
<br />TO SECURE THE PAYP~~IT OF THE IT~1:~. EST OPv' S~II) :BONDS AS IT ACCP~UES, AND
<br />THE iRINCIPAL OF SAID BOI~IDS AS IT-- R'L~~TURES BY PLEDGIILTG T;HE NET REVENUES
<br />FROD-i THE OPERATION OF SAID PARh,'S lP~,'DrURT:~R BY lalCff~TGAGTNG AND ENCJP+IB*
<br />:RING Sr~ID Pr",RISS AND Tf?E FRf?NCHISE AND IIdCObiE THEREOr'' AND E VERYTHING
<br />PERTAINING TH:y~RFTO :4C~ UIRED (1? 'i' O BE AC2UIRF,D, AND AS ADDITIONAL SECUr2-
<br />ITY, TO GR.AN1' TO THE PIJRCI~IASF.I? TJNDE~ SALE OR ~'ORECLOSUf'~E UNDER SUCH
<br />E;7CUP,%%~BP 4NCE, A FRtiN'CEISE TO OPERATE SAID PS.P.KS FOR A TERPS OF NOT OVIIt
<br />T?~dFfiTTY (20) YEARS AFTER PURCHASE, ALL IP? THE I+gAPPJNIR PROVIDED BY ARTIC-
<br />LES 1111 TO 1118, .BOTH INCLUSIVE, REVISED CIVIL STATTJTES OF TEXAS,
<br />1~5, AS APc1ENDID; EACIi BOND TO BE CONDITIONED TEiAT TL'E HOLDII3 SIiAi,L
<br />NEVER IAVE THE RIGHfi TO D~tIAt1D PAYt~Nr OF SAID OBLIu~",TIOr1 OUT OF AICY
<br />FUND RAISED 03 TO BE RIIISt D BY Tl,,i~T ION?
<br />Section 2: That the entire City shall constitute one (1) eleotion precinct
<br />and said election shall be held at the City Hall within said City and the
<br />following named persons are hereby appointed officers to conduct said election: .
<br />Hs.llie ^1r::.ght Presiding Judge
<br />Arbela Rs.lston Assistant Judge
<br />Lois CoMpton Clerk
<br />A?orelle Gerber Clerk
<br />Section 3: That said election shall be held in accordance with the Constitution
<br />and gener~.l 1a~vs of the State of Texas, as modified by House x;11 357, enacted
<br />by the 51st Legislature of Texas, Regu].:Lr Session, a,nd only duly qualified resi-
<br />dent electors ox" said City ~rrl:o oti^~ taxable property with3~n said City and v~o
<br />have duly r~x:dered the same for taxation shall be qualified t~ vote.
<br />Section ?..~.; That the ballots of said election shall conform to the requirements
<br />of~ouse .8111 jj7, ens~cted by the 51st ?~egislature of Texas, P,egular Session,
<br />so far as applicable, and, in addition to the requirements of said House Bill
<br />357 shall I1a4C printed thereon the following:
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