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HomeMy WebLinkAboutOrd. 1971-881 - canvass bond election . ORDINANCE 881 . . ORDINANCE CANVASSING RETURNS AND DECLARING. RESULTS OF BOND ELECTION AND DECLARING THAT . SAID ORDINANCE SIlALL BE EFFECTIVE IMMEDIATELY UPON ITS ADOPTION WHEREAS, on the 19th day of April, 1971, the City Commission of the City of La Porte, Texas, adopted an ordinance calling an election to' be held in said City on the 15th day of May, 1971, for the purpose of submitting 'to the duly qualified resident electors of said City who owned taxable property within said City and who had duly rendered the same for ~axation, for their acti~n, and for the purpose of submitting to the duly qualified resident .. electors. of said City for their separate '.,action" \;lpon the following propositions, to-wit: PROPOSITION NO. 1 . SHALL THE CITY CO~~ISSION 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 l1AXIMUM AUTHORIZED BY LAW AT THE TIME OF ISSUE, ALL AS SHAI.L BE DETERMINED BY SAID CITY COMlUSSION, FOR THE PURPOSE OF EXTENDING AND IMPROVING THE CITY'S EXISTING SANITARY 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 PRO- VIDE A SINKING Fm~D TO PAY THE PRINCIPAL OF S~ID 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 ON~ OR MORE SERIES, IN THE AGGREGAGE PRINCIPAL AMOUNT OF $855,000, . , , -1- . . . . '.'>' , . . . MATURING' SEHIALLY 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, 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 SIiALL 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 T~EREWITH, 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, IN THE AGGREGATE PRINCIPAL N'~UNT 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 ~~XIMUM AUTHORIZED BY LAW AT THE TIME OF ISSUE, ALL AS SHALL BE DETE&~INED BY SAID CITY CO~~ISSION, FOR THE PURPOSE OF THE CONSTRUCTION OR PURCHASE OF A PUBLIC BUILDING, TO-WIT: A FIP~ STATION, INCLUDING THE PURCHASE OF A SITE THEREFOR, &~D 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 AGGREGATE PRINCIPAL AMOUNT OF $150,000, MATURING SERIALLY WITHIN 30 YEARS FROM THEIR DATE OR DATES AND BEARING INTEREST AX A RATE OR RATES NOT TO EXCEED THE MAXII'1UM AUTHORIZED BY LAW AT THE TIME OF ISSUE, ALL AS SHALL BE DETERMINED BY SAID CITY COHMISSION, FOR THE PURPOSE OF ACQUIRING OR IMPROVING, OR BOTH, LAND FOR PARK PURPOSES, 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? . . WHEREAS, the duly qualified resident electors of . said City who own taxable property within said City and who have duly rendered the same for taxation cast the follow- ing votes, respectively, at said election on said propositions, to-wit: PROPOSIT'ION NO. 1 FOR THE ISSUANCE OF $1,063,000 SANITARY SEWER SYSTEM IMPROVEMENT TAX. BONDS .. 337 votes AGAINST THE ISSUANCE OF $1,063,000 SANITARY SEWER SYSTEM IMPROVEMENT TAX BONDS 446. votes . PROPOSITION NO. 2 " FOR THE ISSUANCE OF $855,000 WATER WORKS SYSTEM IMPROVEMENTS TAX BONDS 331 votes AGAINST THE ISSUANCE OF $855,000 WATER WORKS SYSTEM IMPROVEMENTS TAX BONDS 1 438 votes PROPOSITION NO. 3 FOR THE ISSUANCE OF $2,632,000 STREET IMPROVEMENT TAX BONDS 281 votes . AGAINST THE ISSUANCE OF $2,632,000 STREET IMPROVEMENT TAX BONDS 474 votes PROPOSITION'NO. 4 FOR THE ISSUANCE OF $100, 000 FIRE STATION TAX BONDS . . '38l votes AGAINST THE ISSUANCE OF $100, 000 FIRE STATION TAX BONDS 388 votes . -3- . . PROPOSITION 'NO. 5 . FOR THE ISSUANCE OF $150,000 PARK IMPROVEMENT TAX BONDS 311 votes AGAINST THE ISSUANCE OF $150,000 PARK IMPROVEMENT TAX BONDS 462 votes as shown in the official election returns he.retofore submitted to said City Commission and filed with the City Clerk; and WHEREAS, the duly qualified resident electors of . said City separately cast the following yotes, ~espectively, at said election on each of said propositions, to-wit: PROPOSITION NO~ 1 FOR THE ISSUANCE OF $1,063,000 SANITARY SEWER SYSTEM IMPROVEMENT TAX BONDS , . 59 votes AGAINST THE ISSU:ANCE OF $1,063,'000 SANITARY SEWER SYSTEM IMPROVEMENT TAX BONDS . . .18., votes PROPOSITION NO. 2 .. FOR THE ISSUANCE OF $855,000 WATER WORKS .SYSTEM IMPROVEMENTS TAX BONDS - 53 votes AGAINST THE ISSUANCE OF $855,000 WATER \>lORKS SYSTEM IMPROVEMENTS TAX BONDS .. 20' votes PROPOSITION NO. 3 FOR THE ISSUANCE OF $2,632,000 STREET IMPROVEMENT TAX BONDS 51 votes AGAINST THE ISSUA~CE OF $2,632,000 STREET IMPROVEMENT TAX BONDS .20 votes . -4- . . PROPOSITION NO'.' 4 . FOR THE ISSUANCE OF $100,000 FIRE STATION TAX BONDS 50 votes AGAINST THE ISSUANCE OF $100,000 FIRE STATION TAX BONDS .. 22. votes PROPOSITION NO. 5 FOR THE ISSUANCE OF $150,000 PARK IMPROVEMENT TAX BONDS , 47-' votes AGAINST THE ISSUANCE OF $150,000 PARK IMPROVEMENT TAX BONDS 27 votes . as shown in the official election returns heretofore duly , submitted to said City Commission and filed with the City "f Clerk; .therefore, BE IT ORDAINED BY THE CITY CO~4ISSION OF THE CITY OF LA PORTE, TEXAS: ,1. .That th~'City Commission officially finds and determines that the' bond election held in and throughout the City of La Porte, Texas, on the 15th day of May, 1971, 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 that the returns of the election have been duly delivered to the City Commission and it has duly canvassed the 'same. 2. That said election has resulted in the defeat of Propositions Nos. I through 5 since more than a majority of the duly qualified resident electors of the City who own taxable property within the City and who have duly rendered the same for taxation and who voted in the election voted against the issuance of said bonds. e- '. -5- .. . . 3. That this ordinance shall take effect and be in full force upon and qfter its adoption. .. PASSED AND APPROVED this 17th day of May, ,1971. ;;/dL Mayor, , ATTEST: ~~7e~~"'-' . . ')I,. . [S E A-L] . . -6-