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RE 03-01-65.1 030 I 65.1 WHEREAS, the City Council of the City of Coppell,Texas, deems it advisable to issue the bonds of said City for the purposes hereinafter mentioned, therefore, BE IT RESOLVED AND ORDERED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS: SECTION 1: That an election be held on the 27th day of March, 1965, which date is not not less than fifteen (15) nor more than thirty (30) days from the date of the adoption of this resolu- tion and order, at which election the following propositions shall be submitted to the resident qualified electors of said City, who own taxable property therein, and who have duly rendered the same for taxation: PROPOSITION NO. 1 "SHALL the City Council of the City of Coppell, Texas, be authorized to issue the bonds of said City in the amount of ONE HUNDRED FIFTY THOUSAND DOLLARS ($150,000), maturing serially in such installments as may be fixed by the City Council, the maximum maturity being not more than FORTY (40) years from their date, bearing interest at a rate not to exceed FIVE PER CENTUM (5%) per annum, for the purpose of constructing improvements and extensions to the City's Waterworks System, to be issued in accordance with and secured in the manner provided in Articles 1111-1118, both inclusive, of the Revised Civil Statutes of Texas, 1925, as amended, each bond to be conditioned that the holder thereof shall never have the right to demand payment of said obligation out of funds raised or to be raised by taxation, and secured by a pledge of the net revenues from the operation of the City's combined Waterworks and Sanitary Sewer System?" PROPOSITION NO. 2 "SHALL the City Council of the City of Coppell, Texas, be authorized to issue the bonds of said City in the amount of ONE HUNDRED NINETY FIVE THOUSAND DOLLARS ($195,000), ma- turing serially in such installments as. may be fixed by the City Council, the maximum maturity being not more than FORTY (40) years from their date, bearing interest at a rate not to exceed FIVE PER CENTUM (5%) per annum, for the purpose of constructing or purchasing, improving and extending a Sanitary Sewer System in and for said City, to be issued in accordance with and secured in the manner provided in Articles 1111-1118, both inclusive, of the Revised Civil Statutes of Texas, 1925, as amended, each bond to be conditioned that th~ holder thereof shall never have the right to demand payment of said obligation out of funds raised or to be raised by taxation, and secured by a pledge of the net revenues from the operation of the City's combined Waterworks and Sanitary Sewer System?" PROPOSITION NO. 3 "SP~LL the City Council of the City of Coppell, Texas, be authorized to issue FIFTY THOUSAND DOLLARS ($50,000) general obligation bonds of said City for the purpose of constructing improvements and extensions to the City's Waterworks System, maturing serially in such installments as may be fixed by the City Council, the maximum maturity being not more than FORTY (40) years from their date, bearing interest at a rate not to exceed FIVE PER CENTUM (5%) per annum; and to provide for the payment of the principal of and interest on said bonds by levying a tax sufficient to pay the annual interest and to create a sinking fund sufficient to redeem said bonds as they become due?" PROPOSITION NO. 4 "SHALL the City Council of the City of Coppell, Texas, be authorized to issue FIFTY THOUSAND DOLLARS ($50,000) general obligation bonds of said City for the purpose of constructing or purchasing, improving and extending a Sanitary Sewer System in and for said City, maturing serially in such installments as may be fixed by the City Council, the maximum maturity being not more than FORTY (40) years from their date, b, earing interest at a rate not to exceed FIVE PER CENTUM (5%) per annum; and to provide for the payment of the principal of and interest on said bonds by levying a tax sufficient to pay the annual interest and to create a sinking fund sufficient to redeem said bonds as they become due?" SECTION 2: That said election shall be held at the CITY HALL, in the CITY OF COPPELL, TEXAS, and the entire City shall constitute one election precinct. SECTION 3: That the following named persons are hereby appointed officers of the election, to-wit: W.L.Rush , Presiding Judge J.R. Dobecka , Alternate Presiding Judge If the regularly appointed Presiding Judge is unable to serve at the election, the Alternate Presiding Judge therefor shall serve as Presiding Judge. The Presiding Judge shall appoint at least two (2) Clerks (one of whom shall be the Alternate Presiding Judge if the election is conducted by the regularly appointed Presiding Judge) and not more than Two ( 2 ) additional Clerks, as he deems necessary for the proper conduct of the election. ABSENTEE VOTING shall be conducted at the City Secretary's Office in the City Hall, in accordance with the provisions of Chapter 424, Acts of the 58th Legislature, Regular Session, 1963. Paper ballots shall be used for absentee voting. SECTION 4. That said election shall be held under the provisions of and in accordance with the laws governing the issuance of municipal bonds in cities, as provided in the General Laws of the State of Texas, and only resident qualified electors, who own taxable property in the City and who have duly rendered the same for taxa- tion shall be qualified to vote. SECTION 5: IT IS FURTHER ORDERED that voting machines shall be employed for the bond election herein ordered in compliance with the provisions of Chapter 7, V.A.T.C.S. Election Code. The voting machines shall be so arranged that the voters may cast their ballots either "FOR" or "AGAINST" the following ballot propositions: PROPOSITION NO. 1 "THE ISSUANCE OF $150,000 WATERWORKS SYSTEM REVENUE BONDS" PROPOSITION NO. 2 "THE ISSUANCE OF $195,000 SANITARY SEWER SYSTEM REVENUE BONDS" PROPOSITION NO. 3 "THE ISSUANCE OF $50,000 GENERAL OBLIGATION WATERWORKS SYSTEM BONDS" PROPOSITION NO. 4 "THE ISSUANCE OF $50,000 GENERAL OBLIGATION SANITARY SEWER SYSTEM BONDS" SECTION 6: That a copy of this resolution and order signed by the Mayor of the City and attested by the City Secretary, at the top of which shall appear the words "NOTICE OF ELECTION FOR THE ISSUANCE OF BONDS", shall serve as proper notice of said elec- tion. Said notice shall be posted at the City Hall and at two other public places in said City, not less than fourteen (14) full days prior to the date on which said election is to be held, and be published on the same day in each of two successive weeks in a newspaper of general circulation in the City of Coppell, Texas, published in the City of Carrollton, Dallas County,Texas, there being no newspaper of general circulation in the City of Coppell, published in said City, the first of said publications to be made not less than fourteen (14) fulldays prior to the date set for said election. PASSED AND APPROVED, this the ls t day of March, 1965. W. T. Cozby Mayor, City ofCoppell, Texas ATTEST: E. C. Gentry Cit~ Secretary,~ity of Coppell, Texas (City Seal)