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HomeMy WebLinkAboutOrd. 1971-879 - call bond election . '. .. . ORDIN~NCE ....m .. AN ORDINANCE CALLING BOND ELECTION; PROVIDING AND FIXING DETAILS RELATING THERETO; AND DECLARING THAT SAID ORDINANCE SHALL BE EFFECTIVE IMMEDIATELY UPON ADOPTION WHEREAS,. the City Commission has determined, and hereby affirmatively determines, that an election should be called and held in and throughout the City of La Porte, Texas, for the purpose of submitting the propositions for the issuance of tax bonds of said City for the purposes hereinafter specified; and WHEREAS, the City Commission wishes to proceed ~ with the ordering of such election; Therefore BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF LA PORTE: , Section 1: That a special election shall be held in and throughout the City of La Porte, Texas, on the I~~ day of May,1971, which is not less than fifteen nor more than thirty days from the date of this ordinance, at which election there shall be submitted to the duly qualified resident electors who own taxable property within said City . and who have duly rendered the same for taxation', for their action thereupon, the following propositions, to-wit: PROPOSITION NO. 1 SHALL THE CITY COMMISSION 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 $1,063,000, MATURING SERIALLY WITHIN 30 YEARS FROM THEIR DATE OR DATES AND BEARING INTEREST AT'A RATE OR RATES NOT TO EXCEED THE MAXIMUM AUTHORIZED BY LAW AT THE TIME OF ISSUE, ALL AS SHALL BE DETERMINED BY SAID CITY COMMISSION, FOR THE PURPOSE OF EXTENDING AND IMPROVING THE CITY'S EXISTING SANI- TARY SEWER SYSTEM, 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. 2 ~ SHALL THE CITY COMMISSION OF THE CITY OF LA PORTE,. TEXAS, BE AUTHORIZED TO ISSUE THE TAX BONDS OF SAID CITY, IN ONE OR MORE SERIES, IN THE AGGREGATE PRINCIPAL AMOUNT OF $855,000, ~ , o. '. . .. e- . . . MATURING SERIALLY WITHIN 30 YEARS FROM THEIR DATE OR DATES AND BEARING INTEREST AT A RATE OR RATES NOT TO EXCEED THE MAXIMUM AUTHORIZED BY LAW AT THE TIME OF ISSUE, ALL AS SHALL BE DETERMINED BY SAID CITY COMMISSION, FOR THE PURPOSE OF EXTENDING AND IMPROVING THE CITY'S EXISTING WATERWORKS SYSTEM, 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. 3 SHALL THE CITY COMMISSION OF THE CITY OF LA PORTE, TEXAS, BE AUTHORIZED TO ISSUE THE TAX BONDS OF SAID CITY, IN ONE OR MORE SERIES, IN THE AGGREGATE PRINCIPAL AMOUNT OF $2,632,000, MA~URING SERIALLY WITHIN 30 YEARS FROM THEIR DATE OR DATES AND BEARING INTEREST AT A RATE OR RATES NOT TO EXCEED THE MAXIMUM AUTHORIZED BY LAW AT THE TIME OF ISSUE, ALL AS SHALL BE DETERMINED BY SAID CITY COMMISSION, 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 COMMISSION OF THE CITY OF LA PORTE, TEXAS, BE AUTHORIZED TO ISSUE THE TAX BONDS OF. SAID CITY, IN ONE OR MORE SERIES, I~ THE AGGREGATE PRINCIPAL AMOUNT OF $100,000, MATURING SERIALLY WITHIN 30 YEARS FROM THEIR DATE OR DATES AND ,BEARING INTEREST AT A RATE OR RATES NOT TO EXCEED THE MAXIMUM AUTHORIZED BY LAW AT THE TIME OF ISSUE, ALL AS SHALL BE. DETERMINED BY SAID CITY COMMISSION, FOR THE PURPOSE OF TH~ CONSTRUCTION OR PURCHASE OF A PUBLIC BUILDING, TO-WIT:' A FIRE STATION, INCLUDING THE PURCHASE OF A SITE THEREFOR, AND TO LEVY AN ANNUAL TAX ON.ALL TAX- ABLE 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. 5 SHALL THE CITY COMMISSION 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 AGG~GATE PRINCIPAL AMOUNT OF $150,000, MATURING SERIALLY WITHIN 30 YEARS FROM THEIR DATE OR DATES AND ,BEARING INTEREST A~ A RATE OR RATES NOT TO EXCEED THE MAXIMUM AUTHORIZED BY LAW AT THE TIME OF ISSUE, ALL AS SHALL BE DETERMINED BY SAID CITY COMMISSION, FOR THE PURPOSE OF ACQUIRING OR IMPROVING, OR BOTH, LAND FOR PARK PURPOSES, AND TO LEVY AN ANNUAL TAX ON ALL TAXABLE PROPERTY WITHIN SAIO 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? -2- ~ ~ . . . e . . Section 2: At the same time and at the same place hereinafter set forth, a second election shall be held simultaneously at which said propositions shall also be submitted to the duly qualified resident electors of said city. However; their ballots shall be kept separate and apart from the ballots of the aforesaid duly qualified resident electors who own taxable property within said City and who have duly rendered the same for taxation, and the election returns of each such group of electors shall be canvassed separately and independently of' each other. Section 3: That said election shall be conducted and held in the La Porte City Hall, 124 South Second Street, La Porte, Texas, and the following named persons are hereby appointed officers' to conduct said election: Presiding Judge Mrs. Arbela Ralston Alternate Presiding' Judge Mrs. Isadore Jenkins Sai~ Presiding Judge shall appoint as many Clerks as are deemed necessary for the proper conduct of the election, provided such number of Clerks shall be at least two and not more than four. Section 4: Absentee voting in said election shall be conducted by the City Clerk, Mrs. Virginia Cline, at her regular office in the City Hall of the City of La Porte, Texas. Said City Clerk shall keep said office open for at least eight (8) hours, that is from 8:00 A.M. to 5:00 o'clock P.M. on each day for absentee voting which is not a Saturday, Sunday, or an official State holiday. Section 5: Voting in said election, including absentee voting, shall be by. the use of voting machines, and the ballots of said election shall conform to the Texas Election Code, as amended, and shall have printed thereon the following: -3- .. . . . ., .. . . . . e OFFICIAL BALLOT PROPOSITION NO. 1 FOR AGAINST THE ISSUANCE OF $1,063,000 SEWER SYSTEM IMPROVEMENT BONDS AND THE LEVYING OF THE TAX IN PAYMENT THEREOF PROPOSITION NO. 2 FOR AGAINST THE ISSUANCE OF $855,000 WATERWORKS SYSTEM IMPROVEMENT BONDS AND THE LEVYING OF THE TAX IN PAYMENT THEREOF PROPOSITION NO. 3 FOR AGAINST THE ISSUANCE OF $2,632,000 STREET IM- PROVEMENT BONDS AND THE LEVYING OF THE TAX IN l>AYMENT THEREOF PROPOSITION NO. 4 FOR AGAINST THE ISSUANCE OF $100,000 FIRE STATION BONDS AND THE LEVYING OF THE TAX IN PAYMENT THEREOF PROPOSITION NO. 5 FOR AGAINST THE ISSUANCE OF $150,000 PARK BONDS AND THE LEVYING OF THE TAX IN PAYMENT THEREOF" AS TO EACH PROPOSITION, the voter desiring to vote in favor of the proposition shall pull the voting pointer down indi- cating "For" such' proposition, and each voter desiring to vote against the proposition shall pull the voting pointer down indicating "Against" such proposition. -4- t. ., ill '. .. . .... ." . . ;. . . Section 6: That notice of said election shall be given by posting a copy thereof containing a substantial copy of this ordinance at the City Hall and at another public place within said City not less than fourteen (14) days prior to the date upon which said election is to be held, and by publishing such notice on the same day in each of two (2) successive weeks in the La Porte Bayshore Sun, the first such publication to be not less than fourteen (14) days prior to the date set for said election. It is hereby found and declared that the La Porte Bayshore Sun is a news- . paper of general 'circulation within said City. Section. 7: That this ordinance shall take effect and be in full force upon and after its adoption. PASSED AND APPROVED this 19th day of April 1971. ~ ~-L;7/' Mayor, City of La Porte, Texas ATTEST: - - ~~. ~. ::[SEALl'* . ~ ."..;. J ~ ~~ ,":) ..~ ;,r~ " J "" . "', -, -5-