HomeMy WebLinkAbout257 07-29-1965ORDINANCE N0. 257
ORDINANCE AUTHORIZING ISSUANCE OF $3,600,000 "CITY
OF EULESS, TEXAS, WATERWORKS AND SEWER SYSTEM REVENUE
BONDS, SERIES 1965" AND $2,200,000 "CITY OF EULESS,
TEXAS, WATERWORKS AND SEWER SYSTEM REVENUE BONDS,
SERIES 1965 -A, ALL DATED JULY 152 1965
THE STATE OF TEXAS
CITY OF EULESS
COUNTY OF TARRANT
ON THIS, the 29th day of July, 1965, the City Council
of the City of Euless, Texas, convened in Special Session at
the regular meeting place thereof in the City Hall, there be-
ing present and in attendance the following members, to wit:
W. G. FULLER
FRANK E. DOUGLASS
BOBBY R. FULLER
HAROLD D. SAMUELS
DON R. WARREN
and
VADA FERRIS (Mrs.)
MAYOR
COUNCILMEN
CITY SECRETARY
also being present,. and with the following absent BILL L. BYERS
constituting a quorum, at which time the following, among other
business, was transacted, to wit:
Mayor Fuller introduced a proposed ordinance. The ordi-
nance was read in full.
Councilman Fuller made a motion that the Charter pro-
vision requiring ordinances to be read at two regular Council
meetings be suspended. The motion was seconded by Councilman
Warren and carried by the following vote:
AYES: Councilmen Bps, Douglass, Fuller, Samuels
and Warren
NAYS: None
Councilman Warren made a motion that the o�:dinance
be passed finally as an emergency measure. The motion was
seconded by Councilman Samuels and carried by the follow -
ing vote:
AYES: Councilmen -Byev:s5 Douglass, Fuller, Samuels
and Warren
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 $3,600,000 "CITY
OF EULESS, TEXAS, WATERWORKS AND SEWER SYSTEM REVENUE
BONDS, SERIES 1965" and $2,200,000 "CITY OF EULESS,
TEXAS, WATERWORKS .AND SEWER SYSTEM REVENUE BONDS,
SERIES 1965 -A," all dated July 15, 1965, of which
the sum of $3,410,000 is for the purpose of purchas-
ing, constructing and /or otherwise acquiring a water-
works, and of which the sum of $2,390,000 is for the
purpose of purchasing, constructing and /or otherwise
acquiring a sanitary sewer system, including sanitary
disposal equipment and appliances for the City of
Euless, Texas, as authorized by the general laws of
the State of Texas, particularly Article 1111 et seq.
and 2368a, V.A.T.C.S., as amended; prescribing the
form of the bonds. and the form of the interest cou-
pons; pledging the net revenues of the combined water-
works and sanitary sewer system to the payment of the
principal and interest on said bonds; enacting provi-
sions incident and related to the subject of this or-
dinance; and declaring an emergency."
WHEREAS, pursuant to the provisions of Article 2368a,
V.A.T.C.S., as amended, the City Council has caused to be pub-
lished "NOTICE OF CITY OF EULESS'S INTENTION TO PURCHASE, CON-
STRUCT AND /OR OTHERWISE .ACQUIRE A WATERWORKS AND SANITARY SEWER
SYSTEM AND TO ISSUE WATERWORKS .AND SEWER SYSTEM REVENUE BONDS
TO PROVIDE FUNDS THEREFOR" in a newspaper of general circula-
tion in and published in the City of Euless, Texas, once a week
for two (2) consecutive weeks, the date of the first publica-
tion being at least fourteen (14) days prior to the date here-
of; and
WHEREAS, as of this date, no petition has been filed
with the City Secretary, or in any manner submitted to any
other official of the City or to this City Council, under the
provisions of Section 11 of said Article 2368a, asking that
the question of whether or not such waterworks and sanitary
sewer system, either or both, shall be purchased, constructed
and /or otherwise acquired, be submitted to a referendum; and
WHEREAS, it is therefore desirable, necessary and pro-
per for the City Council to proceed with the authorization
of bonds, as contemplated by the provisions of the notice
aforesaid, finding it advisable that the bonds he-rein author-
ized be separated into, and issued as two series, to be
designated "SERIES 1965" and "SERIES 1965 -A," with respec-
tive terms and conditions relating thereto as hereinafter
provided, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
EULESS:
2.
RELATING TO SERIES 1965 BONDS
SECTION 1: Authorization - Principal Amount - Designation.
That, in order to borrow the sum of THREE MILLION SIX HUNDRED
THOUSAND DOLLARS ($3,600,000) of whichthe sum of $2,115,000
shall be for the purpose of purchasing, constructing and /or
otherwise acquiring a waterworks, and the sum of $1,485,000
shall be for the purpose of purchasing, constructing and /or
otherwise acquiring a sanitary sewer system for the City of
Euless, the City Council of the City of Euless, Texas, by
virtue of the authority of the general laws of the State of
Texas, particularly Articles 1111 et seq, and 2368a V.A.T.C.S.
as amended, has determined that there shall be issued, and
there is hereby ordered to be issued a series of coupon bonds
to be designated "CITY OF EULESS, TEXAS, WATERWORKS AND SEWER
SYSTEM REVENUE BONDS, SERIES 1965," aggregating the sum of
$3,600,000, payable as to both principal and interest solely
from and secured by a first lien on and pledge of the revenues
of said waterworks and sanitary sewer system so acquired, after
deducting reasonable expenses of maintenance and operation,
as such expenses are defined by statute, hereinafter referred
to as "net revenues."
SECTION 2: Date - Numbers - Maturities - Option. That
said bonds shall be dated JULY 15, 1965, shall be numbered
consecutively from one (1) through seven hundred twenty (720),
shall be in denomination of Five Thousand Dollars ($5,000) each,
aggregating the principal sum of THREE MILLION SIX HUNDRED THOU-
SAND DOLLARS ($3,600,000), and shall become due and payable
serially on July 15 in each of the years in accordance with the
following schedule:
Bond Numbers
(All Inclusive) Maturity Amount
1
to
9
1973
$ 45,000
10
to
20
1974
55,000
21
to
31
1975
55,000
32
to
42
1976
55,000
43
to
54
1977
60,000
55
to
66
1978
60,000
67
to
79
1979
65,000
80
to
93
1980
70,000
94
to
107
1981
70,000
108
to
122
1982
75,000
123
to
138
1983
80,000
139
to
154
1984
80,000
155
to
171
1985
85,000
172
to
188
1986
85,000
189
to
207
1987
95,000
208
to
226
1988
95,000
227
to
246
1989
100,000
247
to
267
1990
105,000
268
to
289
1991
110,000
290
to
312
1992
115,000
313
to
336
1993
120,000
337
to
361
1994
125,000
362
to
387
1995
130,000
0
388
to
414
1996
$ 135,000
415
to
443
1997
145,000
444
to
473
1998
150,000
474
to
504
1999
155,000
505
to
536
2000
160,000
537
to
570
2001
170,000
671
to
605
2002
175,000
606
to
642
2003
1853,000
643
to
680
2004
190,000
681
to
720
2005
200,000
PROVIDED, HOWEVER, the City reserves the right to redeem the
bonds of this Series due July 15, 1974 and subsequent, in
whole or in part, on July 15, 1973, or on any interest payment
date thereafter, at the price of par and accrued interest to the
date fixed for redemption, plus premiums as follows: THREE
PER CENTUM (3 %) of the par value thereof if redeemed on July
15, 1973, or on any interest payment date thereafter, to and
including January 15, 1978; TWO PER CENTUM (2 %) of the par
value thereof if redeemed on July 15, 1978, or on any interest
payment date thereafter, to and including January 15, 1983;
ONE PER CENTUM (1 %) of the par value thereof if redeemed on
July 15, 1983, or on any interest payment date thereafter, to
and including January 15, 1988; and on July 15, 1988, 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, if less than all of said bonds are redeemed, the
same shall be redeemed in inverse numerical order; 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,
notice of redemption, signed by the City Secretary ( specifying
the serial numbers and amounts to be redeemed) shall have been
published once in a financial journal of general circulation
published in the City of New York, New York, and shall have
been filed with BANKERS TRUST COMPANY, New York, New York.
Should any bond or bonds not be presented for redemption pur-
suant to such notice, and if by the date so fixed for redemption
the City shall have made available funds sufficient to pay such
bonds and accrued interest thereon to the redemption date, plus
the specified redemption premiums, if any, the same shall cease
to bear interest from and after the date so fixed for redemption.
SECTION 3: Interest. That said bonds shall bear interest
from date to maturity at the rate of FIVE AND ONE HALF PER CENTUM
(5 -1/2 %) per annum, from date to July 15, 1968, said interest
to be evidenced by two attached coupons for each interest install-
ment: One in amount equal to FOUR AND ONE EkLF PER CENTUM (4 -1/2 %)
per an_,um, and the other in amount equal to ONE PER CENTUM (1 %)
per annum; and therafter from July 15, 1968, said bonds shall
bear interest at the rate of FOUR AND ONE HALF PER CENTUM (4 -1/2 %)
per annum, evidenced by one attached coupon for each installment
of interest, to maturity; such interest to be payable on January
15, 1956, and semi - annually thereafter on July 15 and January 15
in each year. Either of the two attached coupons for each inter-
est installment to mature January 1 1966 through duly 15, 1968
aforementioned, may be presented separately for payment and, if
so presented, will be paid apart from the other.
�i
4.
i'
SECTION 4: Form of Bonds. The form of said bonds shall
be substantially as follows:
No. UNITED STATES OF AMERICA $5,000
STATE OF TEXAS
COUNTY OF TARRANT
CITY OF EULESS, TEXAS, WATERWORKS
AND SEWER SYSTEM REVENUE BOND
SERIES 1965
The CITY OF EULESS, in the County of Tarrant, State of
Texas, a municipal corporation duly incorporated under the
laws of the State of Texas, FOR VALUE RECEIVED, hereby acknow-
ledges itself indebted to and promises to pay out of revenues
specified in this bond, to the bearer hereof, on the FIFTEENTH
DAY OF JULY, 19�, the sum of
FIVE THOUSAND DOLLARS
($5,000), in lawful money of the United States of America, with
interest thereon from the date hereof to maturity, payable in
amounts as specified by the attached coupons, on January 15,
1966, and semi - annually thereafter on July 15 and January 15
in each year, such interest falling due on or prior to maturity
hereof being payable only upon gcesentation and surrender of the
interest coupons hereto attached as they severally become due.
AS EVIDENCED by said coupons hereto attached, this bond
bears interest at the iate of FIVE AND ONE HALF PER CENTUM
(5 -1/2 %) per annum, from date hereof to July 15, 1968, as evi-
denced by two coupons attached for each interest installment,
one in amount equal to FOUR AND ONE HALF PER CENTUM (4 -1/2 %)
per annum, and the other in amount equal to ONE PER CENTUM
(1 %) per annum; either of which coupons, when due, may be pre-
sented separately for payment and, if so presented, will be paid
apart from the other. From and after July 15, 1968, this bond
bears interest at the rate of FOUR AND ONE HALF PER CENTUM
(4 -1/2 %) per annum, evidenced by one attached coupon for each
interest-installment until maturity thereof.
BCrH PRINCIPAL AND INTEREST of this bond are payable at
BANI=S TRUST COMPANY, New York, New York, without exchange or
collectic-. charges to the owner or holder, and the City of
Euless, Texas, is hereby held and firmly bound to apply the
pledged appropriated revenues of its combined Waterworks and
Sanitary Sewer System to the prompt payment of interest on
this bond as it falls due and the principal -L-1--ereof at its
maturity, and to pay the principal and interest as they mature.
THIS BOND is one of a Series of Seven Hundred Twenty (720)
serial bonds, all of like tenor and effect except as to number,
interest rate, right of prior redemption and maturity, numbered
consecutively from One (1) to Seven Hundred Twenty (720), in
denomination of FIVE THOUSAND DOLLARS ($5,000) each, aggregat-
ing THREE MILLION SIX HUNDRED THOUSAND DOLLARS ($3,600,000),
5.
issued by the City of Euless for the purpose of providing funds
for acquiring a combined waterworks and sanitary sewer system
for the City of Euless, all pursuant to the Constitution and
laws of the State of Texas, particularly Articles 1111, et seq.,
and 2368a, V.A.T.C.S., as amended, and an ordinance duly passed
by the City Council of the City of Euless, duly recorded in
the Minutes of said Council.
THE DATE of this bond, in conformity with the ordinance
above mentioned, is JULY 15, 1965.
AS PROVIDED in t:e said ordinance, the City reserves the
right to redeem the bonds of this Series due July 15, 1974 and
subsequent, in whole or in part, on July 15, 1973, or on any
interest payment date thereafter, at the price of par and ac-
crued interest to the date fixed for redemption, plus premiums
as follows: THREE PER CENTUM (3 %) of the par value thereof if
-redeemed on July 15, 1973, or on any interest payment date
thereafter, to and including January 15, 1978; TWO PER CENTUM
(2 %) of the par value thereof if redeemed on July 15, 1978, or
on any interest payment date thereafter, to and including
January 15, 1983; ONE PER CENTUM (1 %) of the par value thereof
if redeemed on July 15, 1983, or on any interest payment date
thereafter, to and including January 15, 1988; and on July 15,
1988, or on any interest payment date thereafter, at the price
of par and accrued interest to the date fixed for redemption;
PROVIDED, HOWEVER, that, if less than all of said bonds are
redeemed on any such interest payment dates, the same shall be
redeemed in inverse numerical order, 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, notice
of redemption, signed by the City Secretary (specifying the
serial numbers and amounts to be redeemed) shall have been pub-
lished once in a financial journal of general circulation publi-
shed in the City of New York, New York, and shall have been filed
with BANKERS TRUST COMPANY, New York, New York. Should any bond
or bonds not be presented for redemption pursuant to such notice,
and if by the date so fixed for redemption the City shall have
made available funds sufficient to pay such bonds and accrued
interest thereon to the redemption date, plus the specified re-
demption premiums, if any, the same shall cease to bear interest
from and after the date so fixed for redemption.
THIS BOND and all bonds of its Series constitute special
obligations of the City of Euless, Texas, and, together with
all "CITY OF EULESS, TEXAS, WATERWORKS AND SEWER SYSTEM REVENUE
BONDS, SERIES 1965 -A" being issued concurrently herewith in the
principal sum of $2,200,000, are each payable as to principal and
interest and equally secured by a first lien on and pledge of
the revenues of the City's Waterworks and Sanitary Sewer System,
after deduction of reasonable and necessary expenses of opera-
tion and maintenance.
The CITY, however, expressly reserves the right to issue
further and additional revenue bond obligations, in all things
on a parity with the bonds of this Series and of the "Series
1965 -A" above referred to, and payable from and equally secured
by a first lien on and pledge of `he net revenues of the City's
combined Waterworks and Sanitary Sewer System; provided, however,
6.
that any and all such further bonds may be so issued only in
accordance with and subject to the covenants, conditions, limi-
tations and restrictions relating thereto which are set out
and contained in the ordinance authorizing this Series of
bonds, and to which ordinance reference is hereby made for
full and complete particulars.
THE HOLDER hereof shall never have the right to demand
payment of this obligation out of any funds raised or to be
raised by taxation.
EACH SUCCESSIVE holder of this bond and each successive
holder of the coupons hereto attached is conclusively presumed
to forego and renounce his equities in favor of subsequent
holders for value without notice, and to agree that this bond
and each of the coupons hereto attached may be negotiated by
delivery by the person having possession thereof, however such
possession may have been acquired, and that any holder who shall
have taken this bond or any of the coupons from any person for
value without notice thereby has acquired absolute title there-
to, free from.all equities and claims of ownership of any such
prior holder. The City of Euless, its officials and the pay-
ing agent hereinabove named, shall not be affected by any not-
ice to the contrary.
AND IT IS HEREBY CERTIFIED AND RECITED, that the issuance
of this bond and the Series of which it is a part is duly
authorized by law; that all acts, conditions and things required
to exist and to be done precedent to and in the issuance of this
bond to render the same lawful and valid have been properly done,
have happened and have been performed in regular and due time,
form and manner as required by the Constitution and laws of
the State of Texas, and the ordinance hereinabove mentioned;
that this Series of revenue bonds does not exceed any constitu-
tional or statutory limitations; and that provision has been
made for the payment of the principal and interest of this bond
and the Series of which it is a part by irrevocably pledging
therefor the net revenues of the City's combined Waterworks
and Sanitary Sewer System.
IN TESTIMONY WHEREOF, the City Council of the City of
Euless, Texas, 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,
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, as of the 15th
day of July, 1965.
C0UNTLRSIGv ED, :
City Secretary, City of Euless Mayor, City of Euless, Texas
Texas
i
7.
SECTION 5: Coupon Form. The form of said interest
coupons shall be substantially as follows:
No. ON THE FIFTEENTH 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 the amount shown here-
on out of funds specified in the bond to which this coupon is
_ttac:ed, and in lawful money of the United States of America,
without exchange or collection charges to the owner or holder,
at BANKERS TRUST COMPANY, New York, New York, said sum being
six months' interest due that day on "CITY OF EULESS, TEXAS,
WATERWORKS AND SEWER SYSTEM REVENUE BOND, SERIES 1965," dated
July 15, 1965. The holder hereof shall never have the right
to demand payment of this obligation out of funds raised or
to be raised by taxation. Bond No.
City Secretary Mayor
RELATING TO SERIES 1965 -A BONDS
SECTION 6: Authorization - Principal Amount - Designation
That, in order to borrow the sum of TWO MILLION TWO HUNDRED
THOUSAND DOLLARS ($2,200,000) of which the sum of $1,295,000
shall be for the purpose of purchasing, constructing and /or
otherwise acquiring a waterworks, and the sum of $905,000
shall.be for the purpose of purchasing, constructing and /or
otherwise acquiring a sanitary sewer system for the City of
Euless, the City Council of the City of Euless, Texas, by
virtue of the authority of the general laws of the State of
Texas, particularly Articles 1111 et seq. and 2368a, V.A.T.C.S.
as amended, has determined that there shall be issued, and
there is hereby ordered to be issued a series of coupon bonds
to be designated "CITY OF EULESS, TEXAS, WATERWORKS AND SEWER
SYSTEM REVENUE BONDS, SERIES 1965 -A" aggregating the sum of
$2,200,OQO, payable as to both principal and interest solely
from and secured by a first lien on and pledge of the revenues
of said waterworks and sanitary sewer system so acquired, after
deducting reasonable expenses of maintenance and operation,
as such expenses are defined by statute, hereinafter referred
to as "net revenues."
SECTION 7: Date - 1dumbers - Maturities - Option. That
said bonds shall be dated JULY 15, 1965, shall be ilumbered
consecutively from one through four hundred forty (440) ,
shall be in denomination of Five Thousand Dollars ($5,000)
each, aggregating the principal sum of TWO MILLION T1�70 HUNDRED
THOUSAI D DOLLARS ($2,200,000), and shall become due and payable
serial�y on July 15 in each of the years in accordance with the
follow2 - schedule:
1'
*NOTICE TO PRINTED.: The expression in parenthesis to be in-
cluded only in coupons maturing January 15, 1974 and subsequent.
Bond Numbers
(All Inclusive) Maturity Amount
1
to
5
1973
$ 25,000
6
to
11
1974
30,000
12
to
18
1975
35,000
19
to
25
1976
352000
26
to
32
1977
353-000
33
to
40
1978
40,000
41
to
48
1979
40,000
49
to
56
1980
40,000
57
to
65
1981
45,000
66
to
74
1982
45,000
75
to
83
1983
451000
84
to
93
1984
50,000
94
to
103
1985
50,000
104
to
114
1986
55,000
115
to
125
1987
553,000
126
to
137
1988
60,000
138
to
149
1989
60,000
150
to
162
1990
653,000
163
to
175
1991
65,000
176
to
189
1992
703000
190
to
203
1993
70,000
204
to
218
1994
75,000
219
to
234
1995
80,000
235
to
251
1996
85,000
252
to
268
1997
85,000
269
to
286
1998
90,000
287
to
305
1999
95,000
306
to
325
2000
100,000
326
to
346
2001
105,000
347
to
368
2002
110,000
369
to
391
2003
115,000
392
to
415
2004
120,000
416
to
440
2005
125,000
PROVIDED, HOTTEVER, the City reserves the right to redeem the
bonds of this Series, In whole or in part, on January 15, 1966,
or on any interest payment date thereafter, at the price of
par and accrued interest to date fixed for redemption, plus
premiums as follows: FOUR PER CENTUM (4 %) of the par value
thereof if redeemed on January 15, 1966, or on any interest
payment date therea.iter, to and including January 15, 1973;
THREE PER CENTUM (3 %) of the par value thereof ii redeemed
on July 15, 1973, or on any interest payment date thereafter,
to and including January 15, 1978; TWO PER CENTUM (2 %) of
the par value thereof if redeemed on July 15, 1978, or on
any interest payment date thereafter, to and including
January 15, 1983; ONE PER CENTUM (1 %) of the par value there -
of if redeemed on July 15, 1983, or on any interest payment
date thereafter, to and including January 15, 1988; and on
July 15, 1988, or on any interest payment date thereafter, at
the price of par and accrued interest to the date fixed for
redemption; PROVIDED, HOTWEVER, that, if less than all of said
bonds are redeemed on Zny such interest payment dates, the same
shad be redeemed in c:2-rect numerical order; and PROVIDED. FUR -
THER, that at least thirty (30) days prior to any interest pay -
ment date upon which any of said bonds are to be redeemed, not -
ice of redemption, signed by the City Secretary (specifying the
9.
serial numbers and amounts to be redeemed) shall have been
published once in a financial journal of general circulation
published in the City of New York, New York,and shall have
been filed with BANKERS TRUST COMPANY, New York, New York,
Should any bond or bonds not be presented for redemption pur-
suant to such notice, and if by the date so fixed for redemp-
tion the City shall have made available funds sufficient to
pay such bonds and accrued interest thereon to the redemption
date, plus the specified premiums, if any, the same shall
cease to bear interest from and after the date so fixed for
redemption.
SECTION S: Interest. That said bonds shall bear inter-
est from date to maturity at the rate of FOUR AND ONE HALF
PER CENTUM (4 -1/2 %) per annum, such interest to be payable
on January 15, 1966, and semi - annually thereafter on July 15
and January 15 in each year.
SECTION 9: Form of Bonds. The form of said bonds shall
be substantially as follows:
No. UNITED STATES OF AMERICA $5,000
STATE OF TEXAS
COUNTY OF TAR ANT
CITY OF EULESS, TEXAS, WATERWORKS
AND SEWER SYSTEM REVENUE BOND,
SERIES 1965 -A
The CITY OF EULESS, in the County of Tarrant, State of
Texas, a municipal corporation duly incorporated under the
laws of the State of Texas, FOR VALUE RECEIVED, hereby ack-
nowledges itself indebted to and promises to pay out of reve-
nues specified in this bond, to the bearer hereof, on the
FIFTEENTH DAY OF JULY, 19_, the sum of
FIVE THOUSAND DOLLARS
($5,000), in lawful money of the United States of America,
with interest thereon from the date hereof to maturity at the
rate of FOUR AND ONE HALF PER CENTUM (4 -1/2 %) per annum, pay -
able on January 15, 1906, and semi- annually thereafter on July
15 and January 15 in each year, such interest falling due on
or :prior to maturity hereof being payable only upon presenta-
ticn and surrender of the interest coupons hereto attached as
they severally become due.
BOTH PRINCIPAL AND INTEREST of this bor.:1 are payable at
M1,KERS TRUST COMPANY, New York, New York, without exchange or
collection charges to th:e owner or holder, and the City of
Euless, Texas, is hereby held and firmly bound to apply the
pledged appropriated -revenues of its combined Waterworks and
Sanitary Sewer System to the prompt payment of interest on
this bond as it falls due and the principal thereof at its
maturity, and to pay the principal and interest as they mature.
10.
THIS BOND is one of a Series of Four Hundred Forty (440)
serial bonds, all of like tenor and effect except as to number,
interest rate, right of prior redemption and maturity, numbered
from One (1) to Four Hundred Forty (440), in denomination of
FIVE THOUSAND DOLLARS ($5,000) each, aggregating TWO MILLION
TWC HUNDRED THOUSAND DOLLARS ($2,200,000), issued by the City
of Euless for the purpose of providing funds for acquiring a
combined waterworks and sanitary sewer system for the.City of
Euless, all pursuant to the Constitution and laws of the State
of Texas, particularly Articles 1111, et seq., and 2368a,
V.A.T.C.S., as amended, and an ordinance duly passed by the
City Council of the City of Euless, duly recorded in the
Minutes of said Council.
The date of this bond, in conformity with the ordinance
above mentioned, is JULY 15, 1965.
AS PROVIDED in the said ordinance, the City reserves the
right to redeem the bonds of this Series, in whole or in part,
on January 15, 1966, or on any interest payment date thereafter,
at the price of par and accrued interest to the date fixed for
redemption, plus premiums as follows: FOUR PER CENTUM (4 %)
of the par value thereof if redeemed on January 15, 1966, or
on any interest payment date thereafter, to and including
January 15, 1973; THREE PER CENTUM (3 %) of the par value
thereof if redeemed on July 15, 1973, or on any interest pay-
ment date thereafter, to and including January 15, 1978; TWO
PER CENTUM (2 %) of the par value thereof if redeemed on July
15, 1978, or on any interest payment date thereafter, to and
including January 15, 1983; ONE PER CENTUM (1 %) of the par
value thereof if redeemed on July 15, 1983, or on any inter-
est payment date thereafter, to and including January 15, 1988;
and on July 15, 1988, or on any interest payment date there-
after, at the price of par and accrued interest to the date
fixed for redemption; PROVIDED, HOWEVER, that, if less than
all of said bonds are redeemed on any such interest payment
dates, the same shall be redeemed in direct numerical order,
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, notice of -redemption, signed by the City Secre-
tary (specifying the serial numbers and amounts to be redeemed)
shall have been published once in a financial journal of gener-
al circulation published in the City of New York, New York, and
shall have been filed wit BANKERS TRUST COMPANY, New York, New
York. Should any bond or bonds not be presented for redemption
pursuant to*such notice, and if by the date so fixed for redemp-
tion the City shall have made available funds sufficient to pay
such bonds and accrued interest thereon to the redemption date,
plus the specified premiums, if any, the same shall cease to
bear interest from and after the date so fixed for redemption.
THIS BOND and all bonds of its Series constitute special
obligations of the City of Euless, Texas, and, together with
all "CITY OF EULESS, TEXAS, WATERWORKS AND SEWER SYSTEM REVENUE
BONDS, SERIES 1965" being issued concurrently herewith in the
principal sum of $3,600,000, are each payable ._.s to principal
and interest and equally secured by a first lien on and pledge
of the revenues of the City's Waterworks and Sanitary Sewer
System, after deduction of reasonable and necessary expenses
of operation and maintenance.
11.
The CITY, however, expressly reserves the right to issue
further and additional revenue bond obligations, in all things
on a parity with the bonds of this Series and of the "Series
1965" above referred to, and payable from and equally secured
by a first lien on and pledge of the net revenues of the City's
combined Waterworks and Sanitary Sewer System; provided, however,
that any and all such further bonds may be so issued only in ac-
cordance with and subject to the covenants, conditions, limita-
tions and restrictions relating thereto which are set out and
contained in the ordinance authorizing this Series of bonds,
and to which ordinance reference is hereby made for full and
complete particulars.
THE HOLDER hereof shall never have the right to demand
payment of this obligation out of any funds raised or to be
raised by taxation.
EACH SUCCESSIVE holder of this bond and each successive
holder of the coupons hereto attached is conclusively presumed
to forego and renounce his equities in favor of subsequent hol-
ders for value without notice, and to agree that this bond and
each of the coupons hereto attached may be negotiated by deli-
very by any person having possession thereof, however such pos-
session may have been acquired, and that any holder who shall
have taken this bond or any of the coupons from any person for
value without notice thereby has acquired absolute title there-
to, -free from all equities and claims of o- viaership of any such
prior holder. The City of Euless, its officials and the paying
agent hereinabove named, shall not be affected by any notice to
the contrary.
A!\TD IT IS HEREBY CERTIFIEDI AND RECITED, that the'issuance
of this bond and the Series of which it is a part is duly author-
ized by law; that all acts, conditions and things required to
exist and to be done precedent to and in the issuance of this
bond to render ti'le same lawful and valid have been properly done,
have hap -oened and have been performed in regular and due time,
form and manner as rewired by the Constitution and laws of the
State of Texas, and the ordinance hereinabove mentioned; that
this Series of revenue bonds does not exceed any constitutional
or statutory limitations; and that provision has been made for
the payment of the principal and interest of this bond and the
Series of which it is a part by irrevocably pledging therefor
the net revenues of the Citty's combined Waterworks and Sanitary
Sewer System.
IN TESTIMONY WHEREOF, the City Council of the City of
Euless, Texas, is accordance with the provisionsc` the "Texas
Uniform Facsimile Signature of Public Officials Act" enacted
by the 57t11: Legislature of Texas at its Regular Session in 1961,
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, as of the 15th
day of July, 1965.
COUNTE=RS IG"NE,
City Secretary, City of Euless
Mayor, City of Euless, Texas
12.
SECTION 10: Coupon Form. The form of said interest
coupon shall be substantially as follows:
No. ON THE FIFTEENTH 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 the amount shown here-
on out of funds specified in the bond to which this coupon
is attached, and in lawful money of the United States of Amer-
ica, without exchange or collection charges to the owner or
holder, at BANKERS TRUST COMPANY, New York, New York, said
sum being six months' interest due that day on "CITY OF
Eli LESS, TEXAS, WATERWORKS AND SEWER SYSTEM REVENUE BOND,
SERIES 1965 -A," dated July 15, 1965. The holder hereof shall
never have the right to demand payment of this obligation out
of funds raised or to be raised by taxation. Bond No.
City Secretary Mayor
RELATING TO BOTH SERIES OF BONDS
SECTI:'N 110 dorm of Comptroller's Certificate. Sub-
stantially the following form of Comptroller's 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 examin-
ed by him as required by law, and that he finds that it has
been issued in conformity with the Constitution and laws of
the State of Texas, and that it is a valid and binding spec-
ial obligation of the City of Euless, Texas, payable from
the revenues pledged to its payment by and in the ordinance
authorizing same, and said bond has this day been registered
by me.
WITNESS MY HAND AND SEAL OF OFFICE at Austin, Texas,
Comptroller of Public Accounts
of the State of Texas
*NOTE TO PRINTER: The expression in parenthesis is to be in-
cluded only in coupons maturing July 15, 1966 and subsequent.
i
13.
SECTION 12: Place of Payment. Both principal and in-
terest of the bonds herein authorized shall be payable in
lawful money of the United States of America, without exchange
or collection charges to the onwer or holder, at BANKERS TRUST
COMPANY, New York, New York, upon presentation and surrender
of bonds or proper coupons.
SECTION 12a: Execution of Bonds and Coupons - Approval
by Attorney General - Registration by Comptroller of Public
Accounts. The seal of said City may be impressed upon each
of said bonds or, in the alternative a facsimile of such seal
may be printed upon the said bonds. The bonds and interest
coupons appurtenant thereto may be-executed by the imprinted
facsimile 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. Inas-
much as such bonds are reauired to be registered by the Comp-
troller 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 sub-
scribed to such bonds in connection with his registration cer-
tificate to appear thereon, as hereinafter provided; all in
accordance with the provisions of the "Texas Uniform Facsimile
Signature of Public Officials Act" enacted by the 57th Legis-
lature of Texas at its Regular Session in 1961. After the
bonds have been executed by the City officials as hereinabove
provided, they shall be presented to the Attorney General of
the State of Texas for examination and approval. Upon appro-
val by the Attorney General, said bonds shall be registered
by the Comptroller of Public Accounts of the State of Texas.
SECTION 13: Definitions. For all purposes of this
ordinance, and in particular for clarity with -respect to the
issuance of the bonds herein described, and the pledge and
appropriation of revenues therefor, the following defini-
tions are provided:
(a) The term "System" shall mean the City's com-
bined Waterworks and Sanitary Sewer System acquired
with the proceeds of the bonds herein authorized to
be issued, including all future additions, extensions,
replacements and improvements in anywise pertaining
thereto, whether situated within or without the lim-
its of the City.
(b) The term "net revenues" shall mean the gross
revenues of the System, less the expenses of opera-
tion and maintenance, including all salaries, labor,
materials, repairs and extensions necessary to ren-
der efficient service; provided, however, that in
determining net revenues, only such repairs and ex-
tensions as in the judgment of the City Council,
reasonably and fairly exercised, are necessary to
14.
keep the System in operation and render ade-
quate service to the areas served thereby and
the inhabitants thereof, or such as might be
necessary to remedy some physical defect which
would otherwise impair the security of the bonds
authorized by this ordinance, or additional par-
ity bonds permitted to be issued under Section
22 hereof, shall be deducted.
(c) Unless separately identified, the term
"bonds" shall mean collectively the $3,600,000
"Series 1965" bonds and the $2,2001000 "Series
1965 -A" bonds herein authorized to be concur-
rently issued.
(d) The term "additional parity bonds,'
shall mean those bonds which the City reserves
the right to issue under Section 22 hereof.
(e) The term "fiscal year" shall mean the
12 -month period beginning October 1 and end-
ing September 30 of the succeeding year.
(f) The term "Bond Fund" shall mean the
interest and sinking fund hereinafter pro-
vided and established for the combined
"Series 1965" and "Series 1965 -A" bonds
herein authorized.
SECTION 14: Pledge. The City covenants that all of
the net revenues of the System are irrevocably pledged
equally for the payment of principal and interest of the
bonds herein authorized and additional parity bonds, and
interest thereon, if issued under the conditions and in the
manner specified in this ordinance, such bonds to consti-
tute a first lien upon said net revenues.
SECTION 15: System Fund. All revenues of every
nature received through the ownership and operation of the
System shall constitute a separate fund and shall be de-
posited from time to tine as collected into the System Fund
hereby established. This Fund shall not be diverted or
drawn upon for any purpose other than that relating to
the System and its indebtedness, so long as the bonds or
additional parity bonds, or interest thereon, are outstand-
ing and unpaid, except as permitted under subparagraph 5
of Section 16 hereof relating to surplus revenues.
SECTION 16: Flow of System Fund - Special Funds
Established. All moneys paid over and deposited into the
15.
System Fund under the provisions of Section 15 hereof, are
hereby pledged and appropriated, in the order of their list-
ed precedence, to Funds hereby created and established, as
follows:
1. System Operation and Maintenance Fund. This Fund
to be used for the payment of those necessary and reasonable
expenses of operating and maintaining the System, as set
forth in subparagraph (b) of Section 13 hereof relating to
definition of net revenues.
2. Bond Fund. This Fund to be used for no purpose
other than for the payment, redemption and retirement of the
bonds and the interest thereon, in accordance with the pro -
visions of this ordinance. All sums received from the pur-
chasers of the bonds as accrued interest thereon to the date
of delivery shall be placed into this Fund. All proceeds
of the bonds herein authorized, which may not be required in
the acquisition and establishment of the Waterworks and Sani-
tary Sewer System and its transition to municipal ownership,
shall also be placed into the Bond Fund reducing by such
amounts the sums otherwise required to be placed into the
Bond Fund from the System Fund.
Beginning on the 10th day of September, 1965, and
on the 10th day of each and every month thereafter, to and
including January 10, 1966, the City shall transfer from
the System Fund into the Bond Fund an amount of money equal
to not less than'one -fifth (1/5) of the installment of inter-
est to become due on January 15, 1966. Beginning on the 10th
day of January, 1966, and on the 10th day of each and every
month thereafter, to and including July 10, 1972, the City
shah transfer from the System Fund into the Bond Fund an
amount of moray equal to not less than one -sixth (1/6) of
the amount required to meet the next semi- annual installment
�i of interest. Beginning on August 10, 1972, aid on the 10th
day of each and every month thereafter until the bonds herein
authorized are fully paid and retired, the City shall trans-
fer from the System Fund into the Bond Fund an amount of
" money equal to not less than one -sixth (1/6) of the amount
required to meet the next semi - annual installment of interest
and one - twelfth (1/12) of the next annual principal maturity.
3. Emergency Fund. This Fund to be used, upon proper
order of the City Council, to pay any special or extraordinary
repairs or replacements to the System necessitated by the oc-
currence c-f an emergency and for the payment of which no other
funds.ar,� available. Beginning on or before September 10,
1965, ar.6 on or before the 10th day of each and every month
thereafter, there shall be placed into such Emergency Fund
the sum of $1,000, until such Fund shall equal the sum of
16.
at least $100,000. Should the Bond Fund and /or the Bond
Reserve Fund for any reason prove deficient, then the Emer-
gency Fund shall be used for the purpose of meeting either
principal and /or interest requirements of the bonds herein
authorized in order to prevent default in the payment thereof,
and in such event the City covenants and agrees that it will
promptly make the necessary transfers from said Emergency Fund
into the Bond Fund. When any amounts are paid out of the
Emergency Fund, repayments into said Fund shall be resumed
and continued from the first revenues of the System thereafter
available and not required for maintenance and operation or
for the Bond Fund until such time as said Emergency Fund has
been restored to the total amount herein provided.
4. Bond Reserve Fund. This Fund to be used to pay the
principal of and interest on the bonds falling due at any time
when there is not sufficient money available in the Bond Fund.
No payments need be made into the Bond Reserve Fund after there
has been accumulated in said Fund tre maximum herein prescribed,
except that, whenever said Bond Reserve Fund is reduced below
the amounts so specified, payments into said Fund shall be re-
sumed and continued until it has been restored to an amount
equal to the average annual principal and interest requirements
of the bonds herein authorized, as herein set forth. Beginning
September 10, 1965, and on the 10th day of each and every month
thereafter, to and including July 10, 1968, there shall be de-
posited into the Bond Reserve Fund the sum of $1,500; and be-
ginning on the 10th day o--L= August, 1968 and on the 10th day of
each and every month t�ereafter, tl'tere shall be deposited in the
Bond Reserve Fund the sum of $5,500 until such time as the bal-
ance on hand in said Bond_eserve Fund shall be equal in amount
to the average principal and interest requirements of the bonds
herein authorized whicz are teen outstanding. It is the City's
purpose and intent to continuously maintain said Bond Reserve
Fund in the amounts herein provided until all of the bonds here -
in authorized and all interest pertaining thereto have been
fully paid and discharged, or until such time as the amount in
said Bond Reserve Fund when added to the amount in the Bond Fund
shall be fully sufficient to pay and discharge all of said bonds
and all interest pertaining thereto at maturity. In the event
of an early redemption of any portion of the bonds herein author -
ized prior to the time the full Bond Reserve Fund requirements
have been accumulated in accordance herewith, the monthly de-
posits into said Fund as above provided may be reduced in the
same ratio that the amount bonds so redeemed and discharged
shall bear to the total amount of the bonds herein authorized
and the Bond Reserve Fund requirements also reduced to an amount
equal to the average annual interest and principal requirements
of the bonds than remaining outstanding.
If in any month the City shall for any reason fail to
pay into the Bo-� ,Ld Fund and the Bond Reserve Fund the full amounts
herein stipulated, amounts equivalent to such deficiency shall
be set aside and apart and paid into said Funds from the first
available revenues of the following month or months, and such
payments small be in addition to the amounts hereinabove other -
wise provided to be paid into such Funds during such month or
months.
f
17.
5. Surplus_R_evenues. Any surplus revenues of the System
remaining after all requirements of the preceding subparagraphs
of this Section 16 have been met, and like requirements contain -
ed in ordinances relating to additional parity bonds herein au-
thorized have been sati3fied, and after all deficiencies exist -
ing in such requirements have been remedied, may be transferred
and used for any lawful general or special purpose, as permitted
by the terms of Article 1113a, V.A.T.C.S., including the use
thereof either for the retirement in advance of maturity of
the bonds herein authorized, according to the provisions made
for their prior redemption, or for the purchase of bonds on the
open market at not exceeding the market value thereof. Nothing
herein, however, shall be construed as impairing the right of
the City to pay, in accordance with the provisions thereof, any
junior lien bonds legally issued by it and payable out of the
net revenues of the system.
SECTION 17: Adjustment of Bond_ Reserve Fund - Transfers
of Excess into Bond Fund. The City shall have the privilege
of recomputing and adjusting the Bond Reserve Fund requirements
to the amount of the average principal and interest requirements
of all revenue bonds herein refereed to at any time outstanding,
and such adjustment is particularly anticipated at such time
as bonds may be redeemed and retired prior to their stated matur-
ity. Any amounts in the :Bond Reserve Fund which shall exceed
those then required may be transferred to the Bond Fund. All
moneys of the Bond Reserve Fund a-ad the Emergency Fund which
may be realized from the investment thereof as hereinafter pro-
vided, which exceed tI-.e anour.ts required to be maintained in
such respective Funds, may likewise be transferred into the
Bond Fund. In the event of any such transfer the amount thereof
may be credited against the current monthly deposits hereinabove
provided to be made into the Bo-zd Fund under Section. 16 hereof.
SECTT\ 18: Custodin of Funds. The Custodians of the
Funds hereinabove established shall be as follows:
(a) The City's official depository bank shall be the Cus-
todian of the System Fund and the Emergency Fund.
'D) The Custodian and Trustee of the Bond Fund and the
Bond Reserve Fund shall be BANKERS TRUST COMPANY, New York,
New York, and all deposits herein provided shall be placed in
the Bond Fund and Bond Reserve Fund with said Custodian and
Trustee.
SECTION 19: Investments. The Bond Reserve Fund and
the Emergency Fund may be invested as follows:
(a) The Bond Reserve Fund in direct obligations of or
obligations unconditionally guaranteed by the United
States of America having maturities not in excess of
ten (10) years from the making of such investment as
the City Council may direct. Such obligations sizall
be held by the Trustee bank, and if at any -i.ae unin-
vested funds shall be insufficient to permit -payment
of principal and interest at maturity of the bonds
herein authorized, as heretofore directed, the Cus-
todian a-id Trustee shall sell on the ope_, market such
amount of the securities as is recuired to pay such
18.
bonds and interest thereon when due and shall give
notice thereof to the City Manager.
(b) The Emergency Fund in direct obligations of or
obligations unconditionally guaranteed by the
United States of America having maturities not
in excess of five (5) years from the making of
such investment as the City Council may direct.
Such investment securities shall be held by the
Custodian bank and if at any time it becomes
necessary to liquidate same to provide sums for
any purpose for which such Fund is created (as
stated in paragraph 3 of Section 16 hereof) the
City shall notify the Custodian who shall promptly
sell on the open market such amount thereof as
may be required, making the proceeds immediately
available. Should the purpose be for meeting
bond requirements the City agrees promptly to
accomplish the required transfers to the paying
agent bank.
SECTION 20: Security of Funds. All Funds created by this
ordinance shall be secured in the manner and to the fullest ex-
tent permitted by the laws of the State of Texas for the secur-
ity of public funds, and such Funds shall be used for and only
for the purposes designated in this ordinance. All sums of
money deposited in the Bond Fund and Bond Reserve Fund shall
be held as a Trust Fund for the holders of the bonds herein
authorized, the beneficial interest of which shall be regarded
as existing in such holders. To the extent that the moneys in
the Bond Reserve Fund and Emergency Fund are invested under the
provisions of Section 19 hereof, such security is not required.
SECTIC_' 21: Rates and Charges. The City covenants and
agrees with the 'nolLers of the bonds herein authorized, and
additional parity bonds, if authorized pursuant to the terms
hereof, that it oil! at all times charge and collect for ser-
vices rendered by the System rates and charges sufficient to
pay all operating, maintenance, depreciation, replacement and
betterment and all other costs deductible in determining net
revenues as herein defined, also to pay the principal and inter -
est of the bonds and to establish and maintain Funds as herein
established and provided. Further, if additional parity bonds
are issued, or if the System should become liable for any other
indebtedness, the City shall maintain rates and fix charges for
the services of the System sufficient to discharge such obliga-
tions also.
SECTION 22: Issuance of Additional Parity fonds. In
addition to the -right to issue bonds of inferior lien as author -
ized by the laws of the State of Texas, the City reserves the
right to hereafter issue additional parity bonds, As above
stated, the bonds directed by this ordinance to be issued are
called "bonds" and bonds hereafter issued on a parry therewith
are called "additional bonds.10 The additional bonds when issued
shall be secured by and payable from a first lien on and pledge
of the net -revenues of the System in the same manner and to the
same extent as are the bonds authorized by this ordinance, and the
bonds and additional bonds shall be in all respects of equal dig-
nity. The additional bonds vay be issued in one or more install-
ments, provided, however, that none shall be issued unless and
until the following conditions have been met:
19. j
(a) The City is not then in default as to any covenant,
condition or obligation prescribed by this ordinance;
(b) The applicable laws of the State of Texas in force
at such time and whic-Z! provide permission and authority for
the issuance of such bends have been fully complied with;
(c) That each of the Funds created by this ordinance
contains the amount of money then required to be on deposit
therein;
(d) The net revenues of the System for the twelve -
month period preceding the month of the adoption of such or-
dinance, as shown by a report of a certified public account-
ant or licensed public accountant are equal to at least one
and one fourth (1 -1/4) times the average annual principal and
interest requirements of all bonds which will.be secured by a
first lien on and pledge of the net revenues of the System, and
which will be outstanding uDo-n the issuance of additional par -
ity bonds. The term "::et revenues" as used in this Section
21 shall mean the gross revenues after deducting-the expenses
of operation and maintenance but not deducting expenditures
which, under standard accounting procedures, should be charged
to capital expenditures;
(e) The additional bonus are made to mature on July 15
of each of the years in which they are scheduled to mature;
and
(f) The o di_ a -.ce authorizing the issuance of such addi-
tional bonds proviLas that the amount to be accumulated and
maintained in the bond Reserve Fund for such bonds shall be
as amount not less than the average annual principal and in-
terest requirements of such bonds, such additional amount to
be maintained Ln said Fund to be accumulated within not more
than five (5) years and one (1) month from the date of the
passage of the ordinance authorizing the issuance of the
proposed additional bonds.
SECTION 23: Milain =-enance and Operation - Insurance.
The City shall maintain the System in good condition and oper-
ate the same in a-n efficient manner and at reasonable cost.
So long as any of the bonds are outstanding, the City agrees
to maintain insurance for the benefit of the holder or holders
of the bonds of a kind and in an amount which usually would
be carried by private companies engaged in a similar type of
business. Nothing in this ordinar_ca shall be construed as
recu-f-ring the City to expend any funds which are derived from
sources other than tha operation of thL System, but nothing
herein shall be construed as preventing the City from doing
SO.
SECTION 24: Records - Accounts - _Accou___tin_g_ Raports .
The City of Eu" -ass hereby covenants and agrees _ a-t, so long
as any of the Ionds herein authorized or any in" rest thereon
remain outstanding and unpaid, it will keep and maintain a
20.
i
proper and complete system of records and accounts pertain-
ing to the operation of its combined Waterworks and Sanitary
Sewer System separate and apart from all other records and
accounts, in which complete and correct entries shall be made
of all transactions relating to said System, as provided by
Article lli3, ievised Civil Statutes of Texas, 1925, as amend -
eL, and that the holder or holders of any of the bonds or any
duly authorized agent or agents of such holders shall have
the rig-Olt at all reasonable times to inspect all such records,
accounts and data relating thereto, and to inspect the System
and all properties comprising same. The City further agrees
that, within sixty (60) days following the close of each fis-
cal year, it will cause an audit of such books and accounts to
be made by an independent firm of certified public accountants
or licensed public accountants showing the receipts and dis-
bursements on account of the System for the fiscal year. Each
such audit, in addition to whatever other matters may be
thought proper by the accountant, shall particularly include
the following:
(a) A detailed statement of the income and expenditures
of the System for such fiscal year;
(b) A balance sheet as of the end of such fiscal year;
(c) The accou_tar ::'s comments regarding the manner in
which the City has carried out the -requirements of this ordi-
nance and his _eco^me-.:dation s -for any changes or improvements
in the operation, records and accounts of the System;
(d) A list of the insurance policies in force at the end
of the fiscal year on the System properties, setting out as
to each policy the a:,o-.. -nt thereof, the risk covered, the
name of the lnsurar, aid the policy's expiration date;
(e) A list of the securities in which the Bond Reserve
Fund and the Emergency Fund have been invested, and a state -
ment of the manner in which money in the System Fund has been
1�
secured in such fiscal year;
(f) The number of properties connected with the Water
System and the number connected with the Sewer System;
(g) The number of connections actually billed in the
last month of the fiscal year; and
(h) A statement of the quantity of waiver sold in the
fiscal year.
i
Expenses incurred in -_ra.%ing the audits above referred to are
intenance Lnd operation expenses and paid
to be regarded as ma
as such. Copies of the aforesaid annual audit shall be imine-
c.lazely furnished to the Executive Direc�_or of the Municipal
Advisory Council of Texas at his office in Austin, Texas, and
to t1ae original purchasers of the bonds a{ iy subsequent
holder at his request. At the close of the first six months'
period of each fiscal year, the City Secretary is hereby di-
rected to furnish a copy of the operating a.d income statement
in reasonable d�. _-ail covering such period to any bondholder
upon his request therefor received not more than thirty (30)
21.
da,Ts after the close of said six months' period. Any bond -
h3ider shall have the right to discuss with the accountant
making the annual audit the contents thereof and to ask for
such additional information as he may reasonably require.
-701,' 25: em_dies in Event of Default. In addi-
ti c _7 to all the rights and remedies provided by laws of the
State of Texas; the City covenants and agrees particularly
that, in the event the City (a) defaults in payments to be
made to tae Bond Fund and,eserve Fund as required by this
ordinance, or (b) defaults ir. th.e observance or performance
Of any other of the covenants, conditions or obligations set
forth in this ordinance, the -following remedies shall be
available:
(l} The holder or holders of any of the bonds shall
be e_titled to a writ of mandamus issued by a court of pro -
per jurisdiction compelling and requiring the City Council
and other off.�cers of the City to observe a--ad perform any
covenant, condition or obligation prescribed in the bond
ordinance.
(2) 1`o delay or - 2 ssi3_-- 't;; e _erci se any right or power
accruag upon Gny de -fa� ha "_- i ly i any such right or pow -
er, or s= all be co _- w o ;c _ wa vesi_ of any such default
or acquiescense t :�rci ald :ave�y s..c:. right and power may
be exercised J'-ro:s tir:e to rime and as often as may be deemed
expLdie .z .
Tile speci -f -c r: aed cs I1er in provided shall be cumulative
Of all o' 1e4r ex2 stin- re edies and the specification of such
remedies s'--.L-11 riot be deemed to be ex::lusive.
S 7�.,TTG -,I 26: Spec-_al Covenants. The City hereby fur -
ther c c-v en nts as fol.1oG,s:
(a)
--,at it '.gas the la afal power to pledge the revenues
support= Z _is issue of bo ids and hs.s laWfully exercised
said under -Cho Co -= itutil i w_:d laws c` the State of
'Texas; i _cludi
said pc;:er ex-sti g c�er Articles 1111 to
118, boll: = n. :Iusivc., revised Civi= Statutes of Texas, 1925
with �_�.nc:�-:e_ -_ts thereto; tha � t _e Do:_cs issued hereunder and
the a;'`tio-_R1 bonds, wivn issue`, s_a1T be ratably secured
under s id pledge o-f income in such :�a __r -at one bond
shall ._ave no prererence over any other bc_:d of said issues;
`b) That, other ii = ^_n fo-r ,e 'nor the bonds
herei authorized, the rents, and income of the Sys -
ea-: have not in any ma._ =c -r been :�I c.goa to payment of any
debt of obligatio« of t1fte City or of the Sy sem;
(c) T'j-:at, so long as any of said bo__c rama.i__ out-stand-
Y_` ., Lhz� City gall not sell or enc;Yoer Sys'cemr any sub -
SLa ttial portion thereof, a, %-flat, C� i' _ll _� exce'U'_ on of the
additional parity 'bonds expressly perm it-ted by t__-�, ordinance
t.c be issued, it will ne : ercuimber ti-le reve-nues t._ereof ur1less
such enc=brance is made ju.r;or and s�Dordinate to all o,: _..e
provisions of this ordi- naace; provided, However, that the -ity
22.
may dispose of any portions of the System which are located
within the corporate limits of other municipalities under
the following conditions:
(1) That t e proceeds of any such sale shall be
deposited in the Bond Fund and, as promptly as
possible:, applied to the timely prior redemption
of the Series 1965 -A bonds in accord with their
terms.
(ii) Thai such sale shall be authorized in a manner
conforming with the applicable laws of the State
of Texas then existing.
(iii) That an independent registered professional engin-
eer of the State of Texas retained and paid by the
City and approved by the underwriters (the original
purchasers of the bonds), shall certify, in his
opinion, that such sale will not impair the effi-
cient operation of the unsold portion of the Sys-
tem and that the annual net revenues of said re-
maining System will not be less than one and one
fourth (1 -1/4) times the annual principal and in-
terest requirements of all parity -revenue bonds
to be ou sta..ding throughout the period during
which said remaining bonds are scheduled to be
outstanding after giving effect to such sale and
prior bond redemption.
(iv) Teat, as ravealed by a report prepared by an in-
dependent certified public accountant covering
the period of twelve (12) consecutive months
end d nct more tLan ninety (90) days prior to
said sale, the net revenues of the said unsold
portion of the System shall have been not less
than one a-.-.d one fourth (1 -1/4) times the aver -
age annual principal and interest requirements
of t <<e amcunt o= parity revenue bonds to be out-
standing after giving effect to the application
o t1_e sale proceeds to the retirement of bonds
as provided for in paragraph (i) above. In the
event thaLz arty such disposition of properties
shall occur prior to the completion of a 12-
month period of operation by tae City of Euless,
the net revenues for a 12 -month ne.riod shall be
determined as f,.;` ows : the report of the certi-
fied -public accountant shall set out f.or each
completed month of actual operation, (1) gross
revenues from water and sewer sales, (2) gross
revenues from c-he-r sources, (3) oporati_g and
mGi ,tor.ance expenses, (4) net revenues ( ) num-
ber of water connections billed, and (6) number
of sewer connectio<s billed. From this data,
t:_ accountant shall determine the average
mcnt',_ -_y net revenues and shall multiply by 12,
ti -_r_:sulting figure being that which must be
n0z less than one and one fourth (1 -1/4 times
th aforesaid average annual principal and
i-4--erest requirement of the amount of bonds
then --o remain outstanding.
23.
(v) In the event proceeds from the sale of such
properties exceed the amount required for
prior red mption of the entire Series 1965 -A
portion of the bonds, the excess shall be de-
posited in the following funds in the order
"^ecited:
Emergen2y Funs - Such amount, if any, needed
to complete the accumulation of the final
amount required to be on deposit therein.
Reserve Fund - Such amount as may be needed
to.complete the accumulation of an amount
equal to the average annual principal and
interest requirements of the revenue bonds
to remain. outstanding.
Dond fund - applicable to the Series 1965
revenue bonds.
(d) That no free service of the System shall be allowed,
and should the City or any of its agents or instrumentalities
make use of the services and facilities of the System, payment
of the reasonable value thereof shall be made by the City out
of funds from sources other than the revenues and income of
the System;
(e) To the cxte:,t t:Lat it legally may, the City coven-
ants and agrees, for tea - _)rotection and security of the bonds
and the holders thereof, that it will not grant a franchise
for the operation of any competing waterworks or sewer system
within the City until all bo-nCs issued pursuant to this ordi-
nance shall have been retired;;
( -) The City agrees that, within a period of sixty (60)
days following the accuisition of the System, a complete set
of operating rules and regulations will be prepared with the
advice and counsel of an L:Idependent registerec professional
engineer of the State of Texas, known for skill and experience
in waterworks and sewer system construction and operation, and
shall be adopted to govern the operation of the Euless System;
(gj All extensions and improvements to the System shall
be constructed to stancards established by the City, and shall
be subject to the approval of a qualified registered profession-
al ergireer of the S�atc cf Texas "retain.ed or employed by the
City, wino shall approve. aad supervise the installation thereof.
SECTION 27: 'Onds aye S _-ecial Obligations. The bonds
are special oblic'L -40r:s of the City payable from the pledged
revenues, and the ho1,-e-._s thereof shall never have tae right
to demand payment out of funds raised or to be raised
by taxation.
SECTiuN 28: Legal Opinion on Bonds. The obliga-
tion of the purchasers to accept delivery of the bonds herein
authorized is s D ect to their being furnished 'a final opinion
of Messrs. Duras,uguenin and Boothman, Attorneys, Dallas,
i
a
24.
r
Texas, approving such bonds as to their vu:-idity, said
Opinion to be dated and delivered as of the date of deli-
very and payment for such bonds. Printing of a true and
correct copy of said opinion on the reverse side of each of
said bonds wit'z ap?ropriate certificate pertaining thereto
executed by facsimile s_gnature of the City Secretary here-
by approved and authorized.
S.1-1TTON 0: mayor to Have Charge of Records and Bonds.
The Mayor of the City of Euless shall be and he is hereby
authorized to take and have charge of all necessary orders
and records pending inves_l_gation by the Attorney General of
the State of Texas, and shall take and have charge and control
of the bones herein authorized pending their approval by the
Attorney General and their registration by the Comptroller of
Public Accounts, and it shall be the duty of the Mayor (or the
Attorneys acting for the City) to submit the record of the
bonds to the Attorney General of the State of Texas for appr-
val and thereafter to have the bonds registered by the Comp-
troller of Public Accounts of the State of Texas.
SECT_ICN 30: Cc :f__-r.-.^t_o _ of Sale. The sale of the bonds
herein authorized to L� � ER, C�JE IILN & TU�;NER, INC. , Dallas,
Texas, and ASSOCL -_TES, a the price of par and accrued inter-
est to the date of delivery, is hereby confirmed, and delivery
of the bonds shay i be r:. u` to said purchasers as soon as may be
after p ayr,,ent thereof in accordance with the terms of sale.
SECTTON 31: ' -'.e fact teat it is to the best
interests of the acquisition of
- the GzL �LG prcvi::e funds for
a Watercaor%s and SF:-.itary Sewer System at the earliest possible
date for t %e -i ate preservation of the public peace, health
7 "
aad safety, co-:stitu`-�s a:Za crates an emergency and an urgent
public _nece3si-y, Pay rule rroviding for ordi-
nances to be read and voted "upon at more than one meeting of
the City Counci- b:. suspendeL, and requiring that this ordi-
nance be passed and taco effec as an emergency measure, and
such rules anal provisic- %s are accordingly suspended, and this
ordinance -is passed as an emergency measure, and shall take and
have effect and be -.gin full force from and after its passage.
PASSED AND APPROVED, this the 29th day of July, 1965.
/s/ W.—G.-Fuller
A T E S T Mayor, City of Euless, Texas
/s/ Vada Ferris
City Secretary, City of Euless
Texas
(City Seal)
APPROVED:
/s/ James A. Cribbs
City Attorney, City of Euless
Texas
25.
CERTIFICATE OF CITY SECRETARY
THE STATE OF TEXAS
CITY OF EULESS
COUNTY OF TARRANT
I, the undersigned, City Secretary of the City of
Euless, Texas, DO HEREBY CERTIFY:
That the above and foregoing is a true and correct
copy of an ordinance authorizing $3,600,000 "CITY OF
EULESS, TEXAS, WATERWORKS AND SEWER SYSTEM REVENUE BONDS,
SERIES 1965" and $2,200,000 "CITY OF EULESS, TEXAS, WATER-
WORKS AND SEWER SYSTEM REVENUE BONDS, SERIES 1965 -A,"
passed at a Special Session of the City Council of said
City on the 29th day of July, 1965, and of record in
Book 4 of the Minutes of the City Council.
IN WITNESS WHEREOF, I have hereunto signed my name
officially and affixed the seal of the CITY OF EULESS,
Texas, this the 29th day of July, 1965.
City Secretary, City of Euless
Texas
(City Seal)
i
i
f
NOTICE OF CITY OF EULESS'S INTENTION TO PURCHASE, CONSTRUCT
AND /OR OTHERWISE ACQUIRE A WATERWORKS AND SANITARY SEWER
SYSTEM AND TO ISSUE WATERWORKS AND SEWER SYSTEM REVENUE BONDS
TO PROVIDE FUNDS THEREFOR
NOTICE IS HEREBY GIVEN, that the City Council of the City
of Euless, Texas, will meet on the 29th day of July, 1965, at
7:00 o'clock A.M. at its regular meeting place in the City
Hall) Euless, Texas, to pass such ordinances, take such action
and incur such expenses as may be deemed reasonable and neces-
sary in purchasing, constructing, and /or otherwise acquiring a
waterworks and sanitary sewer system, including sanitary dis-
posal equipment and appliances.
THE CITY COUNCIL intends to provide funds therefor by the
authorization, issuance, sale and delivery of "CITY OF EULESS,
TEXAS, WATERWORKS AND SEWER SYSTEM REVENUE BONDS," in an amount
not exceeding SIX MILLION DOLLARS ($6,000,000) (being not to
exceed THREE MILLION FIVE HUNDRED THOUSAND DOLLARS ($3,500,000)
for waterworks purposes, and not to exceed TWO MILLION FIVE
HUNDRED THOUSAND DOLLARS ($2,500,000) for sewer purposes),
bearing interest at a rate not to exceed SIX PER CENTUM (6 %)
per annum, and maturing serially not to exceed FORTY (40) years
from their date.
SAID BONDS are to be special obligations of the City, pay-
able as to both principal and interest from and secured by a
first lien on and pledge of the net revenues of the combined
waterworks and sanitary sewer system acquired with the proceeds
thereof, shall not be a debt of the City of Euless, and each of
such bonds shall contain the following provision: "The holder
hereof shall never have the right to demand payment of this
obligation out of funds raised or to be raised by taxation."
WITNESS MY HAND and the seal of the CITY OF EULESS, TEXAS,
this the 13th day of July, 1965.
Mayor, City of Euless, Texas
(City Seal)
2. That such notice is to be published in a newspaper
of general circulation, published in the City of Euless, Texas
once a week for two (2) consecutive weeks, the date of the
first publication to be at least fourteen (14) days prior
to the date set for passage of the ordinance authorizing the
issuance of the bonds referred to in such notice.
3. That further action be reserved until the 29th day
of July, 1965, the date set for the passage of said ordinance.
PASSED AND APPROVED, this the 13th day of July, 1965.
/s/ W. G. Fuller
Mayor, City of Euless, Texas
A T T E S T:
/s/ Vada Ferris
City Secretary, City of Euless
Texas
(City Seal)
AFFIDAVIT OF PUBLICATION
THE STATE OF TEXAS
COUNTY OF TA RANT
BEFORE ME, the undersigned authority, on this day
per s--ally appeared Ted Rickenbacher
who, being by me duly sworn deposes and says:
That he is z'_-,,e Ed 1 for
of THE EULESS which is a newspaper
of Saneral circuia ion in the City of Euless,
publi0ad in Tan=nz Coonzy, Texas, and that
he publishad a true copy of Zhe "NOTICE OF
CITY OF EUL ASS 'S =EnTl= C3 PUaCEASE, CON-
ST&.UCT AKD/Oa 01=0SE L 7.'" TE"_E00=,S
AZD SANITARY S=1 SYS= = TO 1SSUE WATER-
WORKS AND S Ea S=EM ==E 1121S TO PRO-
VIDE FUNDS THER"13L," 1=azo attachad, Ln
said newspaper an he following dates:
Ouly 15, 1565, and
Guly 22, 1955,
the date of the fLrot nulLication being not
less than fourteen (14) full days y=ior to
the date set for passage of the ordL=ance
authorizing che issuance of the bonds re-
ferred to therein.
...... ......
- 42'�
SWO-1::!,-. TO AND SUBSCRIZED before me, this the 27th day
of July, 10-5.
Notary Publia347arrant7lynty
Texas
(Notarial Sea!)
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RESOLUTION AUTHORIZING ISSUANCE OF NOTICE OF THE CITY OF
EULESS'S INTENTION TO PURCHASE, CONSTRUCT AND /OR OTHERWISE
ACQUIRE A WATERWORKS AND SANITARY SEWER SYSTEM, AND TO ,ISSUE
WATERWORKS AND SEWER SYSTEM REVENUE BONDS TO PROVIDE FUNDS
THEREFOR
THE STATE OF TEXAS
CITY OF EULESS
COUNTY OF TAR.RANT
ON THIS, the 13th day of July, 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
De --R:--,=WARREN
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 trans-
acted:
MAYOR FULLER introduced a resolution which was read in
full. Councilman Douglassmoved its adoption. The motion
was seconded by Councilman Samuels and carried by the fol-
lowing vote:
AYES: Councilmen Byers Douglass, Fuller, Samuels
�+ -zzzr
NAYS: None
9
r,
The RESOLUTION is as follows:
is
"A RESOLUTION by the City Council of the City of Euless,
Texas, authorizing the Mayor to publish notice of the
City's intention to purchase, construct and /or other -
wise acquire a waterworks and sanitary sewer system,
and to issue, sell and deliver waterworks and sewer
system revenue bonds to provide funds therefor"
WHEREAS, this City Council has determined and now finds it
to the best interest of the City of Euless to acquire and own
a municipal waterworks and sanitary sewer system to serve the
City and its environs; and
WHEREAS, this Council has further determined that the ac-
quisition of such properties should be financed by the issuance,
sale and delivery of special bond obligations of the City pay-
able solely from and secured by a first lien on and pledge of
the income of such system after deduction of reasonable and
necessary expenses of operation and maintenance; and
WHEREAS, it is now appropriate to give notice of the City's
intention as aforementioned, pursuant to the provisions of Sec -
!' tion 11, of Article 2368a and Article 1112 V.A.T.C.S., as amended;
therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EULESS:
1. That the Mayor be, and he is hereby authorized to
do all things necessary to accomplish publication of notice,
the terms and recitations of which are hereby ratified, approved
and confirmed as the judgment of this City Council and made a
part of this resolution, as follows, to wit:
�i
ii
GENERAL CERTIFICATE
THE STATE OF TEXAS
CITY OF EULESS
X
COUNTY OF TAR.RANT
WE, the undersigned, MAYOR and CITY SECRETARY, respec-
tively, of the City of Euless, Texas, DO HEREBY CERTIFY, as
follows:
'! 1. That, save and except for the pledge of the in-
come and revenues of the combined Waterworks and Sanitary
Sewer System now in the process of being purchased, construct -
ed and /or otherwise acquired to the payment of $3,600,000
"CITY OF EULESS, TEXAS, WATERWORKS AND SEWER SYSTEM REVENUE
BONDS, SERIES 1965" and $2,200,000 "CITY OF EULESS, TEXAS,
WATERWORKS AND SEWER SYSTEM REVENUE BONDS, SERIES 1965 -A"
the income and revenues of said System have not been pledged
or hypothecated in any manner or for any other purpose,
that there are no liens, encumbrances or any other indebted -
ness whatsoever outstanding against the City's Waterworks
and Sanitary Sewer System or the income and revenues of
such System, and that the Series 1965 and Series 1965 -A
bonds when issued will evidence the only lien, encumbrance
or indebtedness of said System or the income and revenues
therefrom.
. 2., That the duly qualified and acting officers of
the City are as follows:
W. G. FULLER
BILL L. BYERS
FRANK E. DOUGLASS
BOBBY R. FULLER
HAROLD D. SAMUELS
DON R. WARREN
VADA FERRIS (MRS.)
W. E. SMITH
W.1visT1111
COUNCILMEN
CITY SECRETARY and
CITY TREASURER
TAX ASSESSOR -
COLLECTOR
3. That the City of Euless, Texas, is incorporated
under the General Laws of the State of Texas, and is opera-
ting under the Home Rule Amendment to the Constitution of the
State of Texas, Section 5 of Article II 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 29th day of July, 1965.
Mayor, Cit of Euless, Texas
L
City Secretary, City of Euless
Texas
(City Seal)
I� a
ENGINEER'S CERTIFICATE
RELATIVE TO ESTIMATED REVENUES, OPERATING EXPENSES
AND BOND REQUIREMENTS WITH REGARD TO CITY OF EULESS,
TEXAS, WATERWORKS AND SANITARY SEWER SYSTEM
THE STATE OF TEXAS
COUNTY OF TARRANT
I, the undersigned, of GREGORY, KNOWLTON & RATLIFF,
Consulting Engineers of Fort Worth, Texas, DO HEREBY
CERTIFY:
1. That I have been employed by the City of Euless,
Texas, to act as Consulting Engineer in connection with
purchasing, constructing and /or otherwise acquiring a
waterworks and sanitary sewer system in and for said City.
2. That I have computed and estimated the revenues
and operating expenses of the waterworks and sanitary sewer
system to be so purchased, constructed and /or otherwise
acquired with the proceeds of the $5,800,000 "CITY OF
EULESS, TEXAS, WATERWORKS AND SEWER SYSTEM REVENUE BONDS,"
dated July 15, 1965; and that I have also computed the
annual payments of principal and interest on the aforesaid
bonds.
3. That, based upon rates to be charged for services
furnished by the waterworks and sanitary sewer system pur-
suant to the terms of a rate ordinance passed and adopted
by the City Council on the 29th day of July, 1965, I CERTIFY
that a conservative estimate of operating revenues and
expenses, also revenue bond requirements for the years shown,
are as follows, to wit:
Fiscal
Year
NET
Ending Gross Operating Operating
9 -30 REVENUES EXPENSE REVENUE
INTEREST & RESERVE &
Principal Emergency EXCESS
Requirement Funds Revenues
1966
551,095
198,394
352,701
2973,000
25,000
30,701
1967
617,226
2223,201
3952025
297,000
30,000
68,025
1968
6781949
244,422
434,527
297,000
30,000
107,527
1969
733,265
2632975
469,290
2612000
783,000
130,290
1970
784,595
2823,454
5023141
261,000
78,000
163,141
1971
8313671
299,402
532,269
261,000
7831000
193,269
1972
881,571
3172366
5643,205
261,000
782000
2252205
1973
925,650
333,234
5921V416
331,000
12,000
2492416
1974
962,676
34631563
616,113
342,850
273,363
1975
120013-183
360,426
640,757
34431025
2961732
1976
1,0013,183 ''
360,426
640,757
339,975
3001782
1977
1,001,183
360,426
6402757
.340,925
299,832
1978
1,0012183
3603,426
640,757
341,650
299,107
1979
13-001,183
3603,426
640,757
3422150
298,607
1980
1310011183
360,426
640,757
3421425
298,332
1981
120011$183
360,426
640,757
342,475
298,282
1982
1,001,183
36031426
640,757
342,300
298,457
1983
1,001,183
360,426
640,757
341,900
298,857
1984
131001,183
360,426
640,757
3413,275
299,482
1985
1,001,183
360,426
6402757
340,425
300,332
1986
1,001,183
360,426
640,757
339,350
3012407
1987
1,0011183
3603,426
640,757
343,050
2972707
1988
13,00131183
360,426
640,757
341$00
2992,457
1989
12001,183
3603,426
640,757
339,325
3015432
11990
11001,183
360,426
640,757
3422125
298,632
1991
1,001,183
360,426
640,757
339,475
301,282
1992
1,0012183
360,426
640,757
341,600
299,157
'1993
1310011183
360,426
640,757
3383-275
302,482
1994
1,0012183
360,426
6402757
339,725
301,032
1995
12001,183
360,426
640,757
340,725
300,032
1996
1,00130183
3603,426
640,757
341,275
299,482'
1997
1,001,183
360,426
640,757
341,375
299,382
1998
1100131183
360,426
6403,757
341,025
299,732.
1999
1,001,183
360,426
640,757
340,225
300,532
2000
13-001,183
3603-426
640,757
338,975
301,782
;2001
1,001,183
3603,426
640,757
342,275
298,482•
12002
1,001,183
360,426
640,757
339,900
300,857
!2003
1,001,183
360,426
640,757
342,075
298,682
2004
1310013183
360,426
640,757
3382575
302,182
X2005
1,001,183
3603,426
640,757
33930625
301,132
TO CERTIFY WHICH, I have hereunto set my hand, this the 29th
!day of July, 1965.
f
;�. PA} GRYQ-
t
(Seal).& 83 <<�
GREGORY, KNOWLTON & RATLIFF
t,r t Consulting Engineers
I'
I
r