HomeMy WebLinkAboutOrd. 1985-1446 - canvass bond election
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ORDINANCE NO. 1446
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ORDINANCE CANVASSING RETURNS AND DECLARING
RESULTS OF BOND ELECTION AND DECLARING THAT
SAID ORDINANCE SHALL BE EFFECTIVE IMMEDIATELY
UPON ITS ADOPTION
WHEREAS, on the 29th day of April, 1985, the City
Council of the City of La Porte, Texas,. adopted an ordinance
calling an election to be held in said City on the 15th day
of June, 1985, for the purpose of submitting to the duly
qualified resident electors of said City for their action
thereupon the following propositions, to-wit:
PROPOSITION NO. 1
SHALL THE CITY COUNCIL OF THE CITY OF LA PORTE,
TEXAS, BE AUTHORIZED TO ISSUE THE REVENUE BONDS OF
SAID CITY, IN ONE OR MORE SERIES, IN THE AGGREGATE
PRINCIPAL AMOUNT OF $800,000, MATURING SERIALLY
WITHIN 25 YEARS FROM THEIR DATE OR DATES AND BEAR-
ING INTEREST AT A RATE OR RATES NOT TO EXCEED THE
MAXIMUM AUTHORIZED BY LAW AT THE TIME OR TIMES
SUCH BONDS ARE ISSUED, ALL AS SHALL BE DETERMINED
BY SAID CITY COUNCIL, FOR THE PURPOSE OF EXTENDING
AND IMPROVING THE CITY'S EXISTING 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 THEY MATURE BY PLEDGING
THE NET REVENUES FROM THE OPERATION OF THE CITY'S
WATERWORKS AND SEWER SYSTEM; EACH BOND TO BE CON-
DITIONED THAT THE HOLDER THEREOF SHALL NEVER HAVE
THE RIGHT TO DEMAND PAYMENT OF SAID OBLIGATION OUT
OF ANY FUNDS RAISED OR TO BE RAISED BY TAXATION;
AND SAID BONDS TO BE ON A PARITY IN ALL RESPECTS
WITH THE OUTSTANDING BONDS OF SAID CITY PAYABLE
FROM THE NET REVENUES OF SAID WATERWORKS AND SEWER
SYSTEM?
PROPOSITION NO. 2
SHALL THE CITY COUNCIL OF THE CITY OF LA PORTE,
TEXAS, BE AUTHORIZED TO ISSUE THE REVENUE BONDS OF
SAID CITY, IN ONE OR MORE SERIES, IN THE AGGREGATE
PRINCIPAL AMOUNT OF $8,550,000, MATURING SERIALLY
WITHIN 25 YEARS FROM THEIR DATE OR DATES AND BEAR-
ING INTEREST AT A RATE OR RATES NOT TO EXCEED THE
MAXIMUM AUTHORIZED BY LAW AT THE TIME OR TIMES
SUCH BONDS ARE ISSUED, ALL AS SHALL BE DETERMINED
BY SAID CITY COUNCIL, FOR THE PURPOSE OF EXTENDING
AND IMPROVING THE CITY'S EXISTING SANITARY SEWER
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
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Ordinance 1446, Page 2
PRINCIPAL OF SAID BONDS AS THEY MATURE BY PLEDGING
THE NET REVENUES FROM THE OPERATION OF THE CITY'S
WATERWORKS AND SEWER SYSTEM~ EACH BOND TO BE CON-
DITIONED THAT THE HOLDER THEREOF SHAL~ NEVER HAVE
THE RIGHT TO DEMAND PAYMENT OF SAID OBLIGATION OUT
OF ANY FUNDS RAISED OR TO BE RAISED BY TAXATION;
AND SAID BONDS TO BE ON A PARITY IN ALL RESPECTS
WITH THE OUTSTANDING BONDS OF SAID CITY PAYABLE
FROM THE NET REVENUES OF SAID WATERWORKS AND SEWER
SYSTEM?
PROPOSITION NO. 3
SHALL THE CITY COUNCIL OF THE CITY OF LA PORTE,
TEXAS, BE AUTHORIZED TO ISSUE THE TAX BONDS OF
SAID CITY, IN ONE OR MORE SERIES OR ISSUES, IN THE
AGGREGATE PRINCIPAL AMOUNT OF $2,500,000, MATURING
SERIALLY WITHIN 25 YEARS FROM THEIR DATE OR DATES
AND BEARING INTEREST AT A RATE OR RATES NOT TO
EXCEED THE MAXIMUM NOW OR HEREAFTER AUTHORIZED BY
LAW, ALL AS SHALL BE DETERMINED BY SAID CITY COUN-
CIL, FOR THE PURPOSE OF MAKING PERMANENT PUBLIC
IMPROVEMENTS, TO-WIT: CONSTRUCTING IMPROVEMENTS
TO THE STREETS IN SAID CITY, INCLUDING NECESSARY
DRAINAGE IN CONNECTION THEREWITH, AND TO LEVY AN
ANNUAL TAX ON ALL TAXABLE PROPERTY WITHIN SAID
CITY SUFFICIENT TO PAY THE INTEREST ON SAID BONDS
AS IT ACCRUES AND TO CREATE AND PROVIDE A SINKING
FUND TO PAY THE PRINCIPAL OF SAID BONDS AS THEY
MATURE?
PROPOSITION NO. 4
SHALL THE CITY COUNCIL OF THE CITY OF LA PORTE,
TEXAS, BE AUTHORIZED TO ISSUE THE TAX BONDS OF
SAID CITY, IN ONE OR MORE SERIES OR ISSUES, IN THE
AGGREGATE PRINCIPAL AMOUNT OF $3,000,000, MATURING
SERIALLY WITHIN 25 YEARS FROM THEIR DATE OR DATES
AND BEARING INTEREST AT A RATE OR RATES NOT TO
EXCEED THE MAXIMUM NOW OR HEREAFTER AUTHORIZED BY
LAW, ALL AS SHALL BE DETERMINED WITHIN THE DIS-
CRETION OF THE CITY COUNCIL, FOR THE PURPOSE OF
CONSTRUCTING PERMANENT DRAINAGE IMPROVEMENTS
WITHIN SAID CITY BY THE EXCAVATION, CLEANING,
DEEPENING AND WIDENING OF DRAINS AND DITCHES AND
THE PURCHASE OF PUMPS, PIPES, MOTORS AND OTHER
EQUIPMENT, APPARATUS AND FACILITIES FOR THE
DRAINAGE OF THE SURFACE AND FLOOD WATERS FROM THE
SAID CITY, AND TO LEVY TAXES UPON ALL TAXABLE
PROPERTY WITHIN SAID CITY ANNUALLY, SUFFICIENT TO
PAY THE INTEREST ON SAID BONDS AS IT ACCRUES, AND
TO CREATE AND PROVIDE A SINKING FUND TO PAY THE
PRINCIPAL OF SAID BONDS AS THEY MATURE?
PROPOSITION NO. 5
SHALL THE CITY COUNCIL OF THE CITY OF LA PORTE,
TEXAS, BE AUTHORIZED TO ISSUE THE TAX BONDS OF
SAID CITY, IN ONE OR MORE SERIES OR ISSUES, IN THE
AGGREGATE PRINCIPAL AMOUNT OF $4,000,000, MATURING
SERIALLY WITHIN 25 YEARS FROM THEIR DATE OR DATES
AND BEARING INTEREST AT A RATE OR RATES NOT TO
EXCEED THE MAXIMUM NOW OR HEREAFTER AUTHORIZED BY
LAW, ALL AS SHALL BE DETERMINED WITHIN THE DIS-
CRETION OF THE CITY COUNCIL, FOR THE PURPOSE OF
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Ordinance 1446, Page 3
ACQUIRING AND IMPROVING A SANITARY LANDFILL, IN-
CLUDING THE PURCHASE OF NECESSARY SITES THEREFOR,
AND TO LEVY AN ANNUAL TAX ON ALL TAXABLE PROPERTY
WITHIN SAID CITY SUFFICIENT TO PAY THE INTEREST ON
SAID BONDS AS IT ACCRUES, AND TO CREATE AND
PROVIDE A SINKING FUND TO PAY THE PRINCIPAL OF
SAID BONDS AS THEY MATURE?
PROPOSITION NO. 6
SHALL THE CITY COUNCIL OF THE CITY OF LA PORTE,
TEXAS, BE AUTHORIZED TO ISSUE THE TAX BONDS OF
SAID CITY, IN ONE OR MORE SERIES OR ISSUES, IN THE
AGGREGATE PRINCIPAL AMOUNT OF $2,500,000, MATURING
SERIALLY WITHIN 25 YEARS FROM THEIR DATE OR DATES
AND BEARING INTEREST AT A RATE OR RATES NOT TO
EXCEED THE MAXIMUM NOW OR HEREAFTER AUTHORIZED BY
LAW, ALL AS SHALL BE DETERMINED WITHIN THE DIS-
CRETION OF THE CITY COUNCIL, FOR THE PURPOSE OF
PURCHASING AND/OR IMPROVING LAND FOR PARK PURPOSES
(BUT EXCLUDING THE IMPROVEMENTS SPECIFIED IN
PROPOSITION NO.7), AND TO LEVY AN ANNUAL TAX ON
ALL TAXABLE PROPERTY WITHIN SAID CITY SUFFICIENT
TO PAY THE INTEREST ON SAID BONDS AS IT ACCRUES,
AND TO CREATE AND PROVIDE A SINKING FUND TO PAY
THE PRINCIPAL OF SAID BONDS AS THEY MATURE?
PROPOSITION NO. 7
SHALL THE CITY COUNCIL OF THE CITY OF LA PORTE,
TEXAS, BE AUTHORIZED TO ISSUE THE TAX BONDS OF
SAID CITY, IN ONE OR MORE SERIES OR ISSUES, IN THE
AGGREGATE PRINCIPAL AMOUNT OF $1,500,000, MATURING
SERIALLY WITHIN 25 YEARS FROM THEIR DATE OR DATES
AND BEARING INTEREST AT A RATE OR RATES NOT TO
EXCEED THE MAXIMUM NOW OR HEREAFTER AUTHORIZED BY
LAW, ALL AS SHALL BE DETERMINED BY SAID CITY COUN-
CIL, FOR THE PURPOSE OF IMPROVING LAND FOR PARK
PURPOSES, TO-WIT: CONSTRUCTING OR PURCHASING A
GYMNASIUM, SUPPORT FACILITIES AND RELATED IMPROVE-
MENTS IN LITTLE CEDAR BAYOU PARK, AND TO LEVY AN
ANNUAL TAX ON ALL TAXABLE PROPERTY WITHIN SAID
CITY SUFFICIENT TO PAY THE INTEREST ON SAID BONDS
AS IT ACCRUES, AND TO CREATE AND PROVIDE A SINKING
FUND TO PAY THE PRINCIPAL OF SAID BONDS AS THEY
MATURE? I
PROPOSITION NO. 8
SHALL THE CITY COUNCIL OF THE CITY OF LA PORTE,
TEXAS, BE AUTHORIZED TO ISSUE THE TAX BONDS OF
SAID CITY, IN ONE OR MORE SERIES OR ISSUES, IN THE
AGGREGATE PRINCIPAL AMOUNT OF $550,000, MATURING
SERIALLY WITHIN 25 YEARS FROM THEIR DATE OR DATES
AND BEARING INTEREST AT A RATE OR RATES NOT TO
EXCEED THE MAXIMUM NOW OR HEREAFTER AUTHORIZED BY
LAW, ALL AS SHALL BE DETERMINED WITHIN THE DIS-
CRETION OF THE CITY COUNCIL, FOR THE PURPOSE OF
CONSTRUCTING OR PURCHASING A PUBLIC BUILDING,
NAMELY A FIRE STATION, AND ADDITIONS AND IMPROVE-
MENTS THERETO, AND TO LEVY TAXES UPON ALL TAXABLE
PROPERTY WITHIN SAID CITY ANNUALLY, SUFFICIENT TO
PAY THE INTEREST ON SAID BONDS AS IT ACCRUES, AND
TO CREATE AND PROVIDE A SINKING FUND TO PAY THE
PRINCIPAL OF SAID BONDS AS THEY MATURE?
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Ordinance 1446, Page 4
PROPOSITION NO. 9
SHALL THE CITY COUNCIL OF THE CITY OF LA PORTE,
TEXAS, BE AUTHORIZED TO ISSUE THE TAX BONDS OF
SAID CITY, IN ONE OR MORE SERIES OR ISSUES, IN THE
AGGREGATE PRINCIPAL AMOUNT OF $1,500,000, MATURING
SERIALLY WITHIN 25 YEARS FROM THEIR DATE OR DATES
AND BEARING INTEREST AT A RATE OR RATES NOT TO
EXCEED THE MAXIMUM NOW OR HEREAFTER AUTHORIZED BY
LAW, ALL AS SHALL BE DETERMINED WITHIN THE DIS-
CRETION OF THE CITY COUNCIL, FOR THE PURPOSE OF
CONSTRUCTING OR PURCHASING A PUBLIC BUILDING,
NAMELY A FIRE DEPARTMENT TRAINING FACILITY AND
RELATED IMPROVEMENTS, INCLUDING THE PURCHASE OF A
SITE THEREFOR, AND TO LEVY TAXES UPON ALL TAXABLE
PROPERTY WITHIN SAID CITY ANNUALLY, SUFFICIENT TO
PAY THE INTEREST ON SAID BONDS AS IT ACCRUES, AND
TO CREATE AND PROVIDE A SINKING FUND TO PAY THE
PRINCIPAL OF SAID BONDS AS THEY MATURE?
WHEREAS, the duly qualified resident electors of
said City cast the following votes, respectively, at said
election on said propositions, to-wit:
PROPOSITION NO. 1
FOR THE ISSUANCE OF $800,000
WATERWORKS SYSTEM IMPROVEMENT
REVENUE BONDS
614
Votes
AGAINST THE ISSUANCE OF $800,000
WATERWORKS SYSTEM IMPROVEMENT
REVENUE BONDS
208
Votes
PROPOSITION NO. 2
FOR THE ISSUANCE OF $8,550,000
SEWER SYSTEM IMPROVEMENT REVENUE
BONDS
620
Votes
AGAINST THE ISSUANCE OF $8,550,000
SEWER SYSTEM IMPROVEMENT REVENUE
BONDS
198
Votes
PROPOSITION NO. 3
FOR THE ISSUANCE OF $2,500,000
STREET IMPROVEMENT TAX BONDS
514
Votes
AGAINST THE ISSUANCE OF $2,500,000
STREET IMPROVEMENT TAX BONDS
302
Votes
PROPOSITION NO. 4
FOR, THE ISSUANCE OF $3,000,000
DRAINAGE IMPROVEMEN~ TAX BONDS
591
Votes
AGAINST THE ISSUANCE OF $3,000,000
DRAINAGE IMPROVEMENT TAX BONDS
232
Votes
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Ordinance 1446, Page 5
PROPOSITION NO. 5
FOR THE ISSUANCE OF $4,000,000
SANITARY LANDFILL TAX BONDS
589
Votes
AGAINST THE ISSUANCE OF $4,000,000
SANITARY LANDFILL TAX BONDS
230
Votes
PROPOSITION NO. 6
FOR THE ISSUANCE OF $2,500,000
PARK IMPROVEMENT TAX BONDS
500
Votes
AGAINST THE ISSUANCE OF $2,500,000
PARK IMPROVEMENT TAX BONDS
320
Votes
PROPOSITION NO. 7
FOR THE ISSUANCE OF $1,500,000
LITTLE CEDAR BAYOU PARK
GYMNASIUM TAX BONDS
421
Votes
AGAINST THE ISSUANCE OF $1,500,000
LITTLE CEDAR BAYOU PARK
GYMNASIUM TAX BONDS
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3q7
Votes
PROPOSITION NO. 8
FOR THE ISSUANCE OF $550,000
FIRE STATION TAX BONDS
576
Votes
AGAINST THE ISSUANCE OF $550,000
FIRE STATION TAX BONDS
246
Votes
PROPOSITION NO. 9
FOR THE ISSUANCE OF $1,500,000
FIRE DEPARTMENT TRAINING
FACILITIES TAX BONDS
480
Votes
AGAINST THE ISSUANCE OF $1,500,000
FIRE DEPARTMENT TRAINING
FACILITIES TAX BONDS
340
Votes
as shown in the official election returns heretofore duly
submitted to said City Council and filed with the City
Secretary; therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE:
Section 1. That the City Council officially finds
and determines that the bond election held in and throughout
the City of La Porte, Texas, on the 15th day of June, 1985,
which election is more particularly described in the
preamble to this ordinance, was duly called and notice
thereof duly given in accordance with law; that said
election was duly held in the manner required by law and
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Ordinance 1446, Page 6
that the returns of the election have been duly delivered to
the City Council and it has duly canvassed the same.
Section 2. That said election has resulted
favorably to the adoption of Propositions Nos. 1 and 2
providing for the issuance of revenu~ bonds for extending
and improving the City's water and sanitary sewer systems;
and that more than a majority of the duly qualified resident
electors who voted in said election voted for the issuance
of said bonds.
Section 3. That said election has resulted
favorably in the adoption of Propositions Nos. 3, 4, 5, 6,
7, 8 and 9 providing for the issuance of tax bonds for
street improvements, drainage improvements, a sanitary
landfill, park improvements, including a gymnasium, a fire
station and a fire department training facility; and that
more than a majority of the duly qualified resident electors
of the City who voted in the election voted for the issuance
of said bonds.
Section 4. That the City Council is now
authorized to issue all of the bonds described in said
Propositions Nos. 1 and 2 and to pledge the net revenues
from the operation of the City's Waterworks and Sewer System
to secure payment thereof, is now authorized to issued all
of the bonds described in said Propositions Nos. 3, 4, 5, 6,
7, 8 and 9 and to levy, assess and collect taxes in payment
thereof, and is now authorized to do any and all things
necessary and convenient in connection therewith.
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Ordinance 1446, Page 7
Section 5. That this ordinance shall take effect
and be in full force upon and after its adoption.
PASSED AND APPROVED this 11~day of June, 1985.
as
ATTEST:
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City Secretary, City of
La Porte, Texas
[SEAL]
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