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HomeMy WebLinkAbout254 06-22-1965ORDINANCE AUTHORIZING ISSUANCE OF $455,000 "CITY OF EULESS, TEXAS, GENERAL OBLIGATION BONDS, SERIES 1965 ", AND $75,000 "CITY OF EULESS, TEXAS, PARK BONDS, SERIES 1965 ", ALL DATED JULY 13 1965 THE STATE OF TEXAS X CITY OF EULESS X COUNTY OF TARR.ANT ON THIS, the 22nd day of June, 1965, the City Council of the City of Euless, Texas, convened in regular session at the regular meeting place thereof in the City Hall, there being present and in attendance the following members, to wit: W. G. FULLER BILL L. BYERS FRANK E. DOUGLASS BOBBY R. FULLER HAROLD D. SAMUELS and (MRS.) VADA FERRIS MAYOR COUNCILMEN CITY SECRETARY' also being present, and with the following absent: Don R. Warren , constituting a quorum, at which time the following among other business was transacted, to wit: Mayor Fuller introduced a proposed ordinance. The ordinance was read in full. Councilman Fuller made a motion that the Charter provision requiring ordinances to be read at two regular Council meetings be suspended. The motion was seconded by Coun- cilman Samuels and carried by the following vote: AYES: Councilmen Byers, Douglass, Fuller, Samuels anAxNammy. NAYS: None. Councilman Fuller made a motion that the ordi- nance be passed finally as an emergency measure. The motion was seconded by Councilman Samuels and carried by the follow - ing vote: AYES: Councilmen Byers, Douglass, Fuller, Samuels xWamm,., NAYS: None. passed. The Mayor announced that the ordinance had been finally The ORDINANCE is as follows: AN ORDINANCE by the City Council of the City of Euless, Texas, authorizing the issuance of $455,000 "CITY OF EULESS, TEXAS, GENERAL OBLIGATION BONDS, SERIES 1965 ", dated July 1, 1965, for the purpose of providing funds for permanent public improvements, to wit: $295,000 for constructing street improve- ments in and for said City, and drainage incidental thereto; $145,000 for constructing and equipping a city hall building in and for said City and the acquisition of a site therefor; and $15,000 for con- structing and equipping a library building in and for said City and the acquisition of a site therefor; and authorizing the issuance of $75,000 "CITY OF EULESS, TEXAS, PARK BONDS, SERIES 1965 ", dated July 1, 1965, for the purpose of providing funds for permanent public improvements, to wit: purchas- ing and /or improving lands for public parks in and for said City; prescribing the form of the bonds and the form of the interest coupons; levying a continu- ing direct annual ad valorem tax on all taxable pro- perty within the limits of said City to pay the interest on said bonds and to create a sinking fund for the redemption thereof and providing for the assessment and collection of such taxes; enacting provisions incident and relating to the purpose and subject of this ordinance; and declaring an emergency. WHEREAS, pursuant to a special election held in the City of Euless, Texas, on the 11th day of July, 1964, a majority of the duly qualified electors of said City who owned taxable pro- perty therein and who had duly rendered the same for taxation sustained propositions authorizing the City Council to issue gen- eral obligation bonds of the City to mature serially over a period of years not to exceed forty years from their date and to bear interest at a rate not to exceed 5% per annum, for the purpose of providing funds for permanent public improvements as follows: $2,000,000 for constructing street improvements in and for said City, and drainage incidental thereto; $ 460,000 for purchasing and /or improving lands for public parks in and for said City; $ 145,000 for constructing and equipping a city hall building in and for said City, and the acquisition of a site therefor; $ 135,000 for constructing and equipping a library building in and for said City, and the acquisition of a site therefor; AND WHEREAS, certain installments of the bonds so authorized have been heretofore issued for their respective pur- poses, and the City Council has now determined to issue such additional bonds of the voted authorizations as are hereinafter provided to be issued, it being understood that the City Council reserves the right and authority to issue the remaining amount of bonds authorized in one or more series at a future date or dates when, in the judgment of the City Council, such amounts are needed for their authorized purposes. A tabulation showing the amounts of all bonds previously authorized and issued for the respective purposes aforementioned, the amounts being issued by this ordi- nance for the purposes indicated and the balance remaining for future issuance is as follows: & Drainage Public Parks AMOUNT BE- AMOUNT AMOUNT AMOUNT ING ISSUED RESERVED PURPOSE VOTED PREVIOUSLY THIS FOR FUTURE ISSUED ORDINANCE ISSUANCE Street Imp. $2,000,000 $430,000 $295,000 $19275,000 & Drainage Public Parks 460,000 100,000 75,000 285,000 City Hail 145,000 -0- 145,000 -0- Library 135,000 -0- 152000 120,000 AND WHEREAS, the City Council deems it advisable and to the City's best interest to issue as a single combined series all the bonds herein provided to be issued, except those to be issued for public park purposes which are herein authorized as a separate issue; and WHEREAS, the City Council, acting for and on behalf of the City of Euless, has lawful authority to enact this ordinance and to issue the bonds in the manner and for the purposes stated under the Charter of the City and the Constitution and laws of the State of Texas; therefore, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF EULESS: PERTAINING TO THE GENERAL OBLIGATION BONDS: SECTION 1: That the bonds of said City, to be known as "CITY OF EULESS, TEXAS, GENERAL OBLIGATION BONDS, SERIES 1965 ", be and the same are hereby ordered to be issued in the principal sum of FOUR HUNDRED FIFTY -FIVE THOUSAND DOLLARS ($455,000) for the purpose of providing funds for permanent public improvements, to wit: $295,000 for constructing street improvements in and for said City and drainage incidental thereto; $145,000 for construct- ing and equipping a city hall building in and for said City and the acquisition of a site therefor; and $15,000 for constructing and equipping a library building in and for said City and the acquisition of a site therefor, under and by virtue of the Consti- tution and laws of the State of Texas and pursuant to the Charter of said City. SECTION 2: That said bonds shall be numbered consecu- tively from One (1) through Ninety -one (91); shall be in denomin- ation of Five Thousand Dollars ($5,000) each; aggregating the sum of FOUR HUNDRED FIFTY -FIVE THOUSAND DOLLARS ($455,000); shall be dated July 1, 1965, and shall become due and payable serially on July 1 in each of the years in accordance with the following schedule: BOND NUMBERS (All Inclusive) MATURITY AMOUNT 1 to 11 1995 $55,000 12 to 23 1996 60,000 24 to 36 1997 65,000 37 to 49 1998 65,000 .50 to 62 1999 65,000 63 to 76 2000 70,000 77 to 91 2001 75,000 PROVIDED, HOWEVER, that the City reserves the right to redeem the bonds of this series, in -whole or in part, but in inverse numeri- cal order if less than all, on July 1, 1985, or on any interest payment date thereafter, at the price of par and accrued interest to the date fixed for redemption; and PROVIDED, FURTHER, that at least thirty (30) days prior to any interest payment date upon which any of said bonds are to be redeemed, a notice of redemption, signed by the City Secretary (specifying the serial numbers and amount of bonds to be redeemed) shall have been filed with Mercantile National Bank at Dallas, Dallas, Texas (the paying agent named in each of said bonds); and should any bond or bonds not be presented for redemption pursuant to such notice, the same shall cease to bear interest from and after the date so.fixed for redemption. SECTION 3: That the form of said bonds shall be sub- stantially as follows: NO. UNITED STATES OF AMERICA $5,000 STATE OF TEXAS COUNTY OF TARR.ANT CITY OF EULESS, TEXAS, GENERAL OBLIGATION BOND SERIES 1965 i The CITY OF EULESS, a municipal corporation of the State of Texas, acknowledges itself indebted to and, FOR VALUE RECEIVED, hereby promises to pay to bearer, the sum of FIVE THOUSAND DOLLARS ($5,000), in lawful money of the United States of America, on the FIRST DAY OF JULY, , with interest thereon from the date hereof to maturity at the rate of PER CENTUM (____7.) per annum, payable on January 1, 1966 and semi - annually thereafter on July 1 and January 1, in each year, and interest falling due on or prior to maturity hereof is payable only upon presentation and surrender of the interest coupons hereto attached as they severally become due. BOTH PRINCIPAL and interest of this bond are hereby made payable at the MERCANTILE NATIONAL BANK AT DALLAS, Dallas, Texas without exchange or collection charges to the owner or holder, and for the prompt payment of this bond and the interest thereon at maturity, the full faith, credit and resources of the City of Euless, Texas, are hereby irrevocably pledged. THIS BOND is one of a series of Ninety -one (91) serial bonds, numbered consecutively from One (1) through Ninety -one (91), in denomination of Five Thousand Dollars ($5,000) each, aggregating FOUR HUNDRED FIFTY -FIVE THOUSAND DOLLARS ($455,000), issued for the purpose of providing funds for permanent public improvements, to wit: $295,000 for constructing street improvements in and for said City and drainage incidental thereto; $145,000 for construct - ing and equipping a city hall building in and for said City and the acquisition of a site therefor; and $15,000 for constructing and equipping a library building in and for said City and the acquisition of a site therefor, under authority of the Constitu- tion and laws of the State of Texas, and pursuant to the Charter of said City of Euless and an ordinance duly adopted by the City Council of the City of Euless, Texas, and duly recorded in the Minutes of said City Council. AS SPECIFIED in the ordinance hereinabove mentioned the City of Euless, Texas, reserves the right to redeem the bonds of this series, in whole or in part, but in inverse numerical order if less than all, on July 1, 1985, or on any interest pay- ment date thereafter, at the price of par and accrued interest to the date fixed for redemption; PROVIDED, HOWEVER, that' at least thirty (30) days prior to any interest payment date upon which any of said bonds are to be redeemed, a notice of redemption, signed by the City Secretary (specifying the serial numbers and amount of bonds to be redeemed) shall have been filed with the MERCANTILE NATIONAL BANK AT DALLAS, Dallas, Texas and should any bond or bonds not be presented for redemption pur- suant to such notice, the same shall cease to bear interest from and after the date so fixed for redemption. IT IS HEREBY CERTIFIED, RECITED AND REPRESENTED that the issuance of this bond and the series of which it is a part is duly authorized by law and by a vote of the resident qualified electors of the City of Euless, Texas, who owned taxable property therein and who had duly rendered the same for taxation, voting at an election held for that purpose within said City on the 11th day of July, 1964; that all acts, conditions and things required to be done precedent to and in the issuance of this series of bonds and of this bond have been properly done and performed and have happened in regular and due time, form and manner as required by law; that sufficient and proper provision for the levy and col- lection of taxes has been made which, when collected, shall be appropriated exclusively to the payment of this bond and the series of which it is a part, and to the payment of the interest coupons thereto annexed, as the same shall become due, and that the total indebtedness of the City of Euless, Texas, including the entire series of bonds of which this is one, does not exceed any Constitutional or statutory limitation. IN TESTIMONY WHEREOF, the City Council of the City of Euless, Texas, has caused the seal of said City to be impressed or a facsimile thereof to be printed hereon, and this bond and its appurtenant coupons to be executed with the imprinted fac- simile signatures of the Mayor and City Secretary of said City, in accordance with the provisions of the "Texas Uniform Facsimile Signature of Public Officials Act" enacted by the 57th Legislature of Texas at its Regular Session in 1961; the date of this bond, in conformity with the ordinance above referred to, being the FIRST DAY OF JULY, 1965. Mayor, City of Euless, Texas i COUNTERSIGNED: City Secretary, City of Euless, Texas SECTION 4: That the form of interest coupon attached to each of said bonds shall be substantially as follows: NO. ON THE FIRST DAY OF , $ *(unless the bond to which this coupon pertains has been properly called for redemption in accordance with its terms,) the CITY OF EULESS, a municipal corporation of the State of Texas, hereby promises to pay to bearer, at the MERCANTILE NATIONAL BANK AT DALLAS, Dallas, Texas without exchange or collection charges to the owner or holder, the sum of ii DOLLARS in lawful money of the United States of America, said sum being six months' interest due that day on "CITY OF EULESS, TEXAS, GENERAL OBLIGATION BOND, SERIES 1965" , dated July 1, 1965. Bond No. City Secretary Mayor *NOTE TO PRINTER: The expression in parenthesis to be included only in coupons maturing January 1, 1986 and subsequent. PERTAINING TO THE PARK BONDS SECTION 5: That the bonds of said City, to be known as "CITY OF EULESS, TEXAS, PARK BONDS, SERIES 1965 ", be and the same are hereby ordered to be issued in the principal sum of SEVENTY -FIVE THOUSAND DOLLARS ($75,000) for the purpose of pro- viding funds for permanent public improvements, to wit: purchas- ing and /or improving lands for public parks in and for said City, under and by virtue of the Constitution and laws of the State of Texas and pursuant to the Charter of said City. SECTION 6: That said bonds shall be numbered consecu- tively from One (1) through Fifteen (15); shall be in denomination of Five Thousand Dollars ($5,000) each; aggregating the sum of SEVENTY -FIVE THOUSAND DOLLARS ($75,000); shall be dated July 1, 1965, and shall become due and payable serially on July 1 in each of the years in accordance with the following schedule: :• m r MATURITY AMOUNT 1 1985 $5,000 2 1986 5,000 3 1987 5,000 4 1988 5,000 5 1989 5,000 6 1990 5,000 7 1991 5,000 8 1992 5,000 9 1993 51000 10 1994 5,000 11 1995 5,000 12 1996 5,000 13 1997 5,000 14 1998 5,000 15 1999 5,000 PROVIDED, HOWEVER, that the City reserves the right to redeem bonds maturing on July 1 in each of the years 1986 through 1999, of said series, in whole or in part, but in inverse numerical order if less than all, on July 1, 1985, or on any interest pay- ment date thereafter, at the price of par and accrued interest to the date fixed for redemption; and PROVIDED, FURTHER, that at least thirty (30) days prior to any interest payment date upon which any of said bonds are to be redeemed, a notice of redemption, signed by the City Secretary (specifying the serial numbers and amount of bonds to be redeemed) shall have been filed with Mercantile National Bank at Dallas, Dallas, Texas (the paying agent named in each of said bonds); and should any bond or bonds not be presented for redemption pursuant to such notice, the same shall cease to bear interest from and after the date so fixed for redemption. SECTION 7: That the form of said bonds shall be sub- stantially as follows: NO. UNITED STATES OF AMERICA $59000 STATE OF TEXAS COUNTY OF TARRANT CITY OF EULESS, TEXAS, PARK BOND SERIES 1965 The CITY OF EULESS, a municipal corporation of the State of Texas, acknowledges itself indebted to and, FOR VALUE RECEIVED, hereby promises to pay to bearer, the sum of FIVE THOUSAND DOLLARS ($5,000), in lawful money of the United States of America, on the FIRST DAY OF JULY, 19 , with interest thereon from the date hereof to maturity at the rate of PER CENTUM ( %) per annum, payable on January 1, 1966 and semi - annually thereafter on July 1 and January 1, in each year, and interest falling due on or prior to maturity hereof is payable only upon presentation and surrender of the interest coupons hereto attached as they severally become due. BOTH PRINCIPAL and interest of this bond are hereby made payable at the MERCANTILt NATIONAL BANK AT DALLAS, Dallas, Texas without exchange or collection charges to the owner or holder, and for the prompt payment of this bond and the interest thereon at maturity, the full faith, credit and resources of the City of Euless, Texas, are hereby irrevocably pledged. THIS BOND is one of a series of Fifteen (15) serial bonds, numbered consecutively from One (1) through Fifteen (15), in denomination of Five Thousand Dollars ($5,000) each, aggregating SEVENTY -FIVE THOUSAND DOLLARS ($75,000), issued for the purpose of providing funds for permanent public improvements, to wit: purchasing and /or improving lands for public parks in and for said City, under authority of the Constitution and laws of the State of Texas, and pursuant to the Charter of said City of Euless and an ordinance duly adopted by the City Council of the City of Euless, Texas, and duly recorded in the Minutes of said City Coun- cil. AS SPECIFIED in the ordinance hereinabove mentioned the City of Euless, Texas,.reserves the right to redeem bonds maturing on July 1 in each of the years 1986 through 1999, of this series, in whole or in part, but in inverse numerical order if less than all, on July 1, 1985, or on any interest payment date thereafter, at the price of par and accrued interest to the date fixed for redemption; PROVIDED, HOWEVER, that at least thirty (30) days prior to any interest payment date upon which any of said bonds are to be redeemed, a notice of redemption, signed by the City Secretary (specifying the serial numbers and amount of bonds to be redeemed ) shall have been filed with the MERCANTILE NATIONAL BANK AT DALLAS, Dallas, Texas and should any bond or bonds not be presented for redemption pursuant to such notice, the same shall cease to bear interest from and after the date so fixed for redemption. IT IS HEREBY CERTIFIED, RECITED AND REPRESENTED that the issuance of this bond and the series of which . it is a part is duly authorized by law and by a vote of the resident qualified electors of the City of Euless, Texas, who owned taxable property therein and who had duly rendered the same for taxation, voting at an election held for that purpose within said City on the 11th day of July, 1964; that all acts, conditions and things required to be done precedent to and in the issuance of this series of bonds and of this bond have been properly done and performed and have happened in regular and due time, form and manner as required by law; that sufficient and proper provision for the levy and collection of taxes has been made which, when collected, shall be appropriated exclusively to the payment of this bond and the series of which it is a part, and to the payment of the interest coupons thereto annexed, as the same shall become due, and that the total indebtedness of the City of Euless, Texas, including the entire series of bonds of which this is one, does not exceed any Constitutional or statutory limitation. IN TESTIMONY WHEREOF, the City Council of the City of Euless, Texas, has caused the seal of said City to be impressed or a facsimile thereof to be printed hereon, and this bond and its appurtenant coupons to be executed with the imprinted facsimile signatures of the Mayor and City Secretary of said City, in accord- ance with the provisions of the "Texas Uniform Facsimile Signature of Public Officials Act" enacted by the 57th Legislature of Texas at its Regular Session in 1961; the date of this bond, in conform- ity with the ordinance above referred to, being the FIRST DAY OF JULY, 19 65 . Mayor, City of Euless, Texas COUNTERSIGNED: City Secretary, City of Euless, Texas SECTION 8: That the form of interest coupon attached to each of said bonds shall be substantially as follows: NO. ON THE FIRST DAY OF , $ 19 , ',(unless the bond to which this coupon pertains has been properly called for redemption in accordance with its terms,) the CITY OF EULESS, a municipal corporation of the State of Texas, hereby promises to pay to bearer, at the MERCANTILE NATIONAL BANK AT DALLAS, Dallas, Texas without exchange or collection charges to the owner or holder, the sum of DOLLARS *NOTE TO PRINTER: The expression in parenthesis to be included only in coupons maturing January 1, 1986 and subsequent, pertain- ing to optional bonds maturing on July 1, 1986 through 1999. ($ ), in lawful money of the United States of America, said sum being six months' interest due that day on "CITY OF EULESS, TEXAS, PARK BOND, SERIES 1965 ", dated July 1, 1965. Bond No. City Secretary Mayor PERTAINING TO BOTH ISSUES ABOVE DESCRIBED SECTION 9: That said bonds shall bear interest from date to maturity at the following rates per annum: (a) Bonds through 199+ (b) Bonds through 1997 (c) Bonds through 2001 (d) Bonds through (e) Bonds through maturing at maturing _ at maturing at maturing _ at maturing _ at in each of the years 1985 5 0 o, , in each of the years 1995 3.85 in each of the years 199 3.90 %; in each of the years %; and in each of the years 7 , o, such interest to be evidenced by proper coupons attached to each of said bonds, and said interest shall be payable on January 1, 1966, and semi - annually thereafter on July 1 and January 1 in each year. SECTION 10: That both principal and interest of said bonds shall be payable in lawful money of the United States of America, without exchange or collection charges to_the owner or holder, at Mercantile National Bank at Dallas, Dallas, Texas I upon presentation and surrender of bonds or proper coupons. SECTION 11: That the seal of said City may be impressed on each of said bonds or, in the alternative, a facsimile of such seal may be printed on the said bonds. The bonds and interest coupons appurtenant thereto may be executed by the imprinted fac- simile signatures of the Mayor and City Secretary of the City, and execution in such manner shall have the same effect as if such bonds and coupons had been signed by the Mayor and City Secretary in person by their manual signatures. Inasmuch as such bonds are required to be registered by the Comptroller of Public Accounts for the State of Texas, only his signature (or that of a deputy designated in writing to act for the Comptroller) shall be required to be manually subscribed to such bonds in connection with his registration certificate to appear thereon, as hereinafter pro- vided; all in accordance with the provisions of the "Texas Uniform Facsimile Signature of Public Officials Act ", enacted by the 57th Legislature of Texas at its Regular Session in 1961. SECTION 12: That the following certificate shall be printed on the back of each bond: OFFICE OF COMPTROLLER REGISTER NO. STATE OF TEXAS I HEREBY CERTIFY that there is on file and of record in my office a certificate of the Attorney General of the State of Texas to the effect that this bond has been examined by him as required by law, and that he finds that it has been issued in con- formity with the Constitution and laws of the State of Texas, and that it is a valid and binding obligation upon said City of Euless, Texas, and said bond has this day been registered by me. WITNESS MY HAND AND THE SEAL OF MY OFFICE at Austin, Texas, Comptroller of Public Accounts of the State of Texas SECTION 13: That special funds to be designated "SPECIAL GENERAL OBLIGATION BOND FUND, SERIES 1965" and "SPECIAL PARK BOND FUND, SERIES 1965" are hereby created, and the proceeds of all taxes collected for or on account of each series of bonds shall be credited to said respective funds for the purpose of pay - ing the interest on and to provide a sinking fund for the redemp- tion of said bonds at maturity; and said funds shall be used for no other purpose; that, while said bonds or any of them are out - standing and unpaid, there shall be annually levied, assessed and collected in due time, form and manner a tax upon all of the tax - able property in said City, for each series, sufficient to pay the current. interest thereon and create a sinking fund sufficient to pay each installment of principal as the same becomes due or a sinking fund of 2 %, whichever is greater; and to pay the interest on each of said series of bonds for the first year and to create a sinking fund with which to pay the principal as the same becomes due or a sinking fund of 2 %, whichever is greater, there is hereby levied a sufficient tax on each one hundred dollars' valuation of taxable property in said City for the current year for each of said series and the same shall be assessed and collected and applied to the purpose named; and while said bonds or any of them are out - standing and unpaid, a tax each year at a rate from year to year as will be ample and sufficient to provide funds to pay the current interest on said bonds and to provide the necessary sinking funds, full allowance being made for delinquencies and costs of collec- tion, shall be and is hereby levied for each year, respectively, and said tax shall each year be assessed and collected and applied to the payment of the principal of and interest on said bonds. The City Council hereby declares its purpose and intent to provide and levy a tax legally and fully sufficient for each of said series of bonds, it having been determined that the existing and available taxing authority of the City for such purpose is ade- quate to permit a legally sufficient tax in consideration of all other outstanding obligations. ized to SECTION 14: That the sale of the bonds herein author- E. F. Hutton & Company, Inc. Francis I, duPont & Company Weber, Hall, Cobb & Caudle, Inc. at the price of par and accrued interest to date of delivery, plus a premium of $ 37,pp , is hereby confirmed. Deliv- ery of the bonds shall be made to said purchasers as soon as may be after the adoption of this ordinance, upon payment therefor in accordance with the terms of sale. SECTION 15: The purchasers' obligation to accept delivery of the bonds herein authorized is subject to their being furnished a final opinion of Messrs. Dumas, Huguenin and Boothman, Attorneys, Dallas, Texas, approving such bonds as to their valid- ity, said opinion to be dated and delivered as of the date of delivery and payment for such bonds. Printing of a true and cor- rect copy of said opinion on the reverse side of each of such bonds with appropriate certificate pertaining thereto executed by facsimile signature of the City Secretary is hereby approved and authorized. SECTION 16: That the Mayor of said City shall be and he is hereby authorized to take and have charge of all necessary orders and records pending investigation by the Attorney General of the State of Texas, and shall take and have charge and control of the bonds herein authorized pending their approval by the Attorney General and their registration by the Comptroller of Pub- lic Accounts. SECTION 17: The public importance of this measure, and the fact that it is to the best interest of the City and its inhabitants to provide funds for the acquisition and construction of the public improvements contemplated at the earliest possible date, for the immediate preservation of the public peace, health and safety, constitute and create an emergency and an urgent pub- lic necessity requiring that this ordinance be passed and take effect as an emergency measure and this ordinance is accordingly passed as an emergency measure and shall take effect and be in force immediately from and after its passage. PASSED AND APPROVED, this the 22nd day of June, 1965. Mayor, City of Euless, Texas ATTEST: City Secretary, City of Euless, Texas (City Seal) ...„ City Aw-torney, City of Euless, Texas STATEMENT OF TA3CABLE VALUES THE STATE OF T337 MS CITY OF EULESS COUNTY OF TARRANT I I. the undersigned, Assessor and Collector of Taxes for the City of Euless, Texas, DO HEREBY CERTIFY that the assessed value of property for the purposes of taxation in said City of Euless, as shown by the tax rolls of said City for the year 1964, and which have been duly approved, and which is the latest offi- cial assessment of said City, is as follows: TOTAL PROPERTY VALUATIONS $25,691,700. WITNESS MY OFFICIAL SIGNATURE and the seal of the City of Euless, Texas, this 22nd day of June, 1965. f .G' . S 11IT Assessor and Collector of Taxes City of Ruless, Texas (City Seal) GENERAL CERTIFICATE THE STATE OF TEXAS CITY OF EULESS COUNTY OF TARRANT WE, THE UNDERSIGNED, Mayor and City Secretary - City i! Treasurer, respectively, of the City of Euless, Texas, DO HEREBY CERTIFY as follows: 1. That the following is a full and correct statement of the tax - supported indebtedness of said City as of the date `. hereinbelow shown: Amount Kind of Bonds Date Int. Maturity Outstanding Gen. Oblig. 9 -1 -64 3 -3/4% $15,000 9 -1 -65/71 Series 1964 20,000 72/76 2. That the following are the duly qualified and act- ing officers of said City: W. G. FULLER Mayor BILL L. BYERS Councilman FRANK E. DOUGLASS Councilman BOBBY R. FULLER Councilman HAROLD D. SAMUELS Councilman DON R. WARREN Councilman (MRS.) VADA FERRIS ( City Secretary ( City Treasurer and the Tax Assessor - Collector is W. E. SMITH. 25,000. 77/78 3.60% 25,000 79/80 30,000 81/82 3.80% 301000 83 35,000 84 402000 85/87 45,000 88/89 3 -7/8% 50,000 90/92 55,000 93/94 $ 900,000 Park 9 -1 -64 3 -3/4% 5,000 9 -1 -65/78 Series 1964 3.60% 5,000 79/82 3.80% 5,000 83/84 100,000 TOTAL TAX- SUPPORTED INDEBTEDNESS . . . . . $1,000,000 Sinking funds on hand to credit of above debt . . . . . . . . . . . . $ 45,808.92 2. That the following are the duly qualified and act- ing officers of said City: W. G. FULLER Mayor BILL L. BYERS Councilman FRANK E. DOUGLASS Councilman BOBBY R. FULLER Councilman HAROLD D. SAMUELS Councilman DON R. WARREN Councilman (MRS.) VADA FERRIS ( City Secretary ( City Treasurer and the Tax Assessor - Collector is W. E. SMITH. 3. That the City of Euless, Texas, is incorporated under the General Laws of the State of Texas, and is operating under the Home Rule Amendment to the Texas Constitution, Section 5, Article 11, as amended in 1912; that the Charter of said City was adopted originally at an election held on the 21st day of July, 1962, and has not been amended. WITNESS OUR OFFICIAL SIGNATURES AND THE SEAL OF THE CITY OF EULESS, TEXAS, this the 22nd day of June, 1965. Mayor, City of Euless, Texas City Secretary - City Treasurer City of Euless, Texas (City Seal)