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Home My WebLink About72-313 11-07-1972RESOLUTION NO. 313 A RESOLUTION AND ORDER by the City Council of the City. of Euless, Texas, calling a bond elec- tion to be held within said City, making pro - visions for the conduct of the election and other provisions incident and related to the purpose of this resolution and order. WHEREAS, this City Council deems it advisable to call a bond election for the purposes hereinafter mentioned; therefore, BE IT RESOLVED AND ORDERED BY THE CITY COUNCIL OF THE CITY OF EULES S ,, TEXAS: SECTION 1: That an election be held on the 2nd day of December, 1972, which date is not less than fifteen (15) nor more than thirty (30) days from the date of the adoption hereof, at which election the following propositions shall be submitted: PROPOSITION NO. 1 "SHALL the City Council of the City of Euless, Texas, be authorized to issue TWO MILLION THREE HUNDRED NINETY -FIVE THOUSAND DOLLARS ($2,395,000) general obligation bonds of said City for the pur- pose of making permanent public improvements, to wit: constructing street improvements in and for said City, and drainage incidental thereto; said bonds to mature serially over a period of years not to exceed forty (40) years from their date, to be issued and sold at any price or prices and to bear interest at any rate or rates as shall be determined within the discretion of the City Council at the time of issuance; and to provide for the payment of princi- pal of and interest on said bonds by levying a tax sufficient to pay the annual interest and to create a sinking fund sufficient to redeem said bonds as they become due ?" PROPOSITION No. 2 "SHALL the City Council of the City of Euless, Texas, be authorized to issue THREE MILLION THIRTY THOUSAND DOLLARS ($3,030,000) general obligation bonds of said City for the purpose of making perma- nent public improvements, to wit: purchasing and /or improving lands for public parks in and for said City; said bonds to mature serially over a period of years not to exceed forty (40) years from their date, to be issued and sold at any price or prices and to bear interest at any rate or rates as shall be determined within the discretion of the City Council at the time of issuance; and to provide for the payment of principal of and interest on said bonds by levying a tax sufficient to pay the annual interest and to create a sinking fund sufficient to redeem said bonds as they become. due ?" PROPOSITION NO. 3 "SHALL the City Council of the City of Euless, Texas, be authorized to issue FIVE HUNDRED FIFTY THOUSAND DOLLARS ($550,000) general obligation bonds of said City for the purpose of making permanent public improvements, to wit: providing a public safety building as a part of the existing government center; said bonds to mature serially over a period of years not to exceed forty (40) years from their date, to be issued and sold at any price or prices and to bear interest at any rate or rates as shall be determined within the discretion of the City Council at the time of issuance; and to provide for the payment of principal of and interest on said bonds by levying a tax sufficient to pay the annual interest and to create a sinking fund sufficient to redeem said bonds as they become due ?" PROPOSITION NO. 4 "SHALL the City Council of the City of Euless, Texas, be authorized to issue ONE HUNDRED FIFTY THOUSAND DOLLARS ($150,000) general obligation bonds of said City for the purpose of making permanent public improve - ments, to wit: constructing and equipping a fire station building in and for said City • and the acquisition of a site therefor; said bonds to mature serially over a period of years not to exceed forty (40)years from their date, to be issued and sold at any price or prices and to bear interest at any rate or rates as shall be determined within the discretion of the City Council at the time of issuance; and to provide for the pay- ment of principal of and interest on said bonds by levying a tax sufficient to pay the annual interest and to create a sinking fund sufficient to redeem said bonds as they become due?" SECTION 2: That the official ballots for said election than be prepared in accordance with the V.A.T.S. Election Code so as to permit the electors to vote "FOR" or "AGAINST the aforesaid propositions which shall be set forth in substantially the follow- ing form: PROPOSITION NO. 1 THE ISSUANCE OF $2,395,000 GENERAL OBLIGATION STREET IMPROVEMENT BONDS" PROPOSITION NO. 2 "THE ISSUANCE OF $3,030,000 GENERAL OBLIGATION PARK BONDS" PROPOSITION NO. 3 "THE ISSUANCE OF $550,000 GENERAL OBLIGATION PUBLIC SAFETY BUILDING BONDS" PROPOSITION NO. 4 "THE ISSUANCE OF $150,000 GENERAL OBLIGATION FIRE STATION BONDS" The word "FOR" and beneath it the word "AGAINST" shall be made to appear on the left of each proposition. A square shall be printed on the left of each of the words "FOR" and "AGAINST" and each elector shall place an "X" in the square beside the state - ment indicating the way he wishes to vote. SECTION 3: That said election shall be held at the City Hall in said City,-and the entire City shall constitute one elec- tion precinct for said election. SECTION 4: That the following named persons are hereby appointed officers of the election: W. W. Cromer PRESIDING JUDGE Ruth Jemison ALTERNATE PRESIDING JUDGE The Presiding Judge shall appoint not less than two (2) f nor more than 5 qualified clerks to serve and assist in holding said election; provided that if the Presiding Judge herein appointed ctually serves, the Alternate Presiding Judge shall be one of the clerks. On election day the polls shall be open from 7:00 7:00 P.M. Absentee voting shall be conduced at the City Secretary's office in the City Hall in accordance with the provisions of V.A.T.S. Election Code, Chapter 5. SECTION 5: All resident qualified electors of the City, including those who own taxable property in said City and who have duly rendered the same for taxaion, shall be permitted to vote at said election. That at said election two separate ballot boxes shall be provided at the polling place. In one box only resident qualified electors who own taxable property and who have duly rendered the same for taxation shall be allowed to vote. In !another box all resident qualified electors (who are otherwise qualified but do not own taxable property which has been duly rendered for taxation) shall be allowed to vote. The votes cast in each of said bo es shall be recorded, returned, and canvassed in such manner as will reflect separately the votes cast by the qualified electors who own taxable property and who have duly ren- dered the same for taxation from the votes cast by all qualified electors (including those who own taxable property and who have duly rendered the same for taxation). SECTION 6: That a substantial copy of this resolution and order shall serve as proper notice of said election. Said notice shall be posted in the election precinct or precincts and at the City Hall not less than fourteen (14) full days prior to the date on which said election is to be held, and be published on Ile same day in each of two successive weeks in a newspaper of general circulation in said City, published therein, the first of said publications to be made not less than fourteen (14) full days prior to the date set for said election. PASSED AND APPROVED, this the 7th day of November, 1972. ATTEST: 121//,14) I City Secretary, City of Euless, Texas AiP ■ P Mayor, ty of Euless, Texas APPROVED: