providing for the issuance of cim of mesquite,...
TRANSCRIPT
ORDINANCE NO. 43.8
BY THE CITY COUNCIL OF THE CITY OF MESQUITF, TEUS, ..... ..... , 9 PROVIDING FOR THE ISSUANCE OF cIm OF MESQUITE, TEXAS,
GENERAL OBLIGATION BONDS, SERIES 1962, I N THE AGGRE- GATE AMOUNT OF $690,000.00, AND ,CITY .OF MESQPITE, TEXKS, PARK BONDS, SERIES 1 9 6 5 IN THE AGGREGATE AMOUNT OF $450,000.00: BEARING INTEREST AT THE RATES HEREINAFTER SET FORTH: AND PROVIDING FOR THE LEVY, ASSESSMEW, AND COLLECTION OF TAXES SUFPICIEWC TO PAY TEIE INTEREST ON .... S A I D ISSUES OF BONDS AND TO CREATE SINKING FUNDS FOR W REDEMPTION THEREOF AT MATURITY; AND DECIARING AN
. . EMERGENCY.
WHEReRS, on t h e 27th day of November, 1961. t h e City Council bP - the C i ty of Mesquite, Texas, adopted a reso lu t ion ca l l i ng an e l ec t ion on t h e following proposit ions:
! ,' I PROPaSITION NO. 1 . _ i
"ShaZ1 the C i ty Council of t h e C i t y of Meqqujte, ,Texas, "-* . c:.
.be authorized t o i s s u e t h e bqnds of s a i d C i ty i n the amount ... 'T: . . of $4,600.000.00, maturing s e r i a l l y i n such ins ta l lments as ... may-be f ixed by the C i t y Council, the maximum maturi ty being ..:, . . not more than Th i r ty Five (35) years from t h e i r date, and .?,+, - . . bearing i n t e r e s t a t a rate not t o exceed S j x percent (6%) pe r *<.
! annum, and t o levy ad valorqm taxes on t h e taxable proper ty i n such C i ty s u f f i c i e n t t o pay t h e i n t e r e s t a s it accrues and provide a s inking fund t o pay sa$d bonds a t maturity, f o r t h e purpose of improving t h e streets. of sa id City, a s authorized
/ by t h e Cons t i tu t ion and l a w s of t he S t a t e of Texas." , ,
PROPOSLTION NO. 3
"Shal l t h e C i ty Oouncil of t he C i t y of Mesquite, Texas, be authorized t o i s sue t h e bonds of said C i ty i n , t he amount of $350,000.00, maturing, s e r i a l l y i n such ins ta l lments as may be fixed by the C i t y Council, t h e maximum matur i ty being n s t m o r e than Thi r ty Five 135) y e a r s from their date , and bearing i n t e r e s t a t a r a t e not t o exceed S i x percent (6%) per annum, and t o l e v y ad valorem t axes on the taxable prpperty i n sucb City s u f f i c i e n t .-,, t o pay t h e i n t e r e s t a s it accrues and provide a sinking fund t o pay s a i d bonds a t maturi ty, f o r the pwpose of constructing and permanently equipping F i r e S t a t i ons f o r s a id Clty, as au thor ized by t h e Const i tu t ion and laws of t h e S t a t e of Texas."
. . . . .
..... . , . ..- ...-...u.,...
PROPOSITION NO. 4 , x
-- "Shal l the Ci ty Council of t h e City of Mesquite, Texas, -be authorized t o i s sue We bonds of said City i n the amount of $125,000.00, maturing seria1Ly i n such installments as may be fixed by the Ci ty Council, t h e maximum maturity being not more than Thirty Five (35) years from their dat,e, and bearing i n t e r e s t a t a r a t e not t o exceed S ix percent (6%) per annum, and t o levy ad vaxorem twes on We taxable property i n such C i ty s u f f i c i e n t to pay t h e i n t e r e s t as it accrues and provide a s ink ing fund t o pay said bonds a t maturity, f o r t h e purpose of construct ing and permanently equipping .a public building t o be used a s a warehouse and maintenance garage fox said City, a s authorized by t h e Consti tut ion and laws qf 'the Sta te of Texas."
PROPOSITION NO. 5
"Sha l l t he C i ty Council of the City of Mesquite, Texas, be author ized t o i s sue t h e bonds of said City i n the amount of $5,000.00. maturing s e r i a l l y i n such installments as may be f i x e d by t h e City Council, the maximum maturity being not more than 'Phirty Five (35) years from t h e i r date, ,and bearing i n t e r e s t a t a r a t e not t o exceed Six percent (6%) per annum, and t o levy ad valorem taxes on the taxable property i n such City suf f ic ien t to pay t h e i n t e r e s t a s it accwes and provide a sinking fund t o 1.-
pay s a i d bonds a t maturity. f o r t h e purpose of cqnstructing and permanently equipping a public building t o be used a s an animal s h e l t e r f o r said City, a s authorized by the Constitution and laws of the S t a t e of Texas."
PROPOSITION NO. 7
"Sha l l the C i t y Council of t h e City of Mesquite, Texas, be autzhorized t o i s sue t h e bonds of said City in the amount o£ $2,l35,000.00, maturing s e r i a l l y i n such installments as may be Eioted by the City Council, the maxiplum beipg not more than Th i r ty Five (35) years grom t h e i r date, and bearing i n t e r e s t a t a r a t e not t o exceed Six percent (6%) per annum, and to levy ad valorem t w e s on the taxable property i n such C i ty s u f f i c i e n t to pay t h e i n t e r e s t as it accrues and provide a s ink ing fund t o pay sa id bonds a t maturity, for the purpose of purchasing and Lmpsoving, lands fo r park purposes, as author ized by the Constitution and laws o£ the Sta te of Texas."
WHEllsAS, a t the e lec t ion held i n sa id City pursuant t o such :I r e so lu t ion on t h e 16th day of December, 1961, a majority of the +,
:.I resident , q u a l i f i e d e l ec to r s who own taxable propefty i n said City & ,. ,..
7 and who had duly rendered the same f o r taxation, voting a t said
3 elect ion, sus ta ined the propositions t o issue sa id bonds by the ci following vote:
. . . ............. ........................................ .- *---.- - 4
Page 3 Ordinance No. 418
' .?L. r '67 ,+* ,.* ..- b2 . . . . . . . . . . . . . . .
I"' . , -
, PROPOSITION NO. 1, "FOR THE ISSUANCE OF GTREET IMPROVEMENT BONDS" 295 Votes; "EGAINST THE ISSUANCE OP STREET IMPROVFAWNT BONDS" 153 Votes;
PROPCISITION NO. 3 "FQR W E ISSUANCE OF FIRE STATION 80ND6" 218 Votes; "AGAINST THE ISSUANCE QF FIRE STATLON BONDS" . 131 Votes;
PROPOSITlON NO. 4 "FOR TED$ ISGLQNCE OF WAREHOUSE ZLND MAINTENANCE GABAGE BONDS " 311 Votes;
"AGAINST THE ISSUANCE OF 'CYAREHOUSE AND MA-- NANCE GARAGE BQNDS " 139 Votes;
PROBCh'33TION NO. 5 "FOR THE ISSUANCE OF ANIN?& SHELTER BONDS" , 275 Votes; "AWINST TW .ISSUANCE OF ANIMAL SHELTER B O ~ " 165 Votes;
PROPOSITION NO. 7 "FOR THE ISSUANCE OF PARK BONDS" 267 Votes; '!AEAXNST TISE IeSUANCE OF PARK BONDS" 180 Votes:
a s is ref lected i n %e e lec t ion r e tu rns heretofore f i l e d w i t h t h e C i t y Secretary: and .
WIEREAS, it i s :deemed advisable by the C i ty :council that $515,000.00 of t he ahove voted street improvement bonds, $45,000.00 of We above voted £ i r e , s t a t i o n bonds, $125,000.00 of, the above voted ware- house and maintenance gaxage bonds, and $5,000.00 of the above voted animal she l t e r Banas b e issued a t t h i s time and be issued a t this time and combined into one, i ssue ca l l ed "General Obligation Bonds"; and
WHEREAS, it is ;deemed advisable by We C i t y Council t h a t $450,000.00 of the a o v e voted park bonds be issued a t t h i s t j m e t o be called "Park Bonds" ; ,
BE I T ORDAINED BY TEE, CITY COUNCIL OF THE CIW QF MESQUITE, TEXAS:
. . . . , PERTAINING~ 119 THE GEMGRRL -0BSdGATLObT , BONDS . .
1. That the bobds of said City t o be called. "City of Mesquite, ~axas,Genexal Obligation Bonds, S e r i e s 1962" be issued under and by vir tue of the Consti tpt ion and laws of the S t a t e of Texas and t h e I
Charter of said C i t y , ; t o pxovide $515,000.130 fo r t he purpose of hnpsov- j
ing the s t r e e t s Of s a i d City, t o provide $45,000.00 f o r the papose a£ constructing and permanently equipping Fire Sta t ions f o r sa id City,
a
..... t o provide $125,000 - 00 f o r the purpose of constructing and permanently .4 equipping a p&l ic lsuildfng t o be used as a warehouse and maintenance
........ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. --I____ __ _ --- -..-----i--- ..-- i
, -, . . . . . . .
Ordinance No.. 418
garage Eor sa id City, and t o provide $5,000.00 fo r the purpose of
2. That sa id bonds s h a l l be numbered from 1 to 138, both inc1usive, of the denomination of $5,000.00 each, a g g r e g a t i ~ g Six Hundred Ninety Thousand Dollars ($690,000-00). . .
3. That sa id bonds s h a l l be dated May 1,. 1962, and s h a l l become due and payable serLa1ly as follows: . . ; . . . . . . .
mmxm DATES May 1 1964 May 1. 1965 May 1, 1966 May 1, 1967 May 1, 1968 May 1, 1969 May 1, 1970
~. . May 1, 1.971 May 1, I972 May 1, I973 May 1, 1974 May 1, 1975 May 1, 1976 May 1, 1977 ~-
. : . . .,. way 1, 1978 . . . May 1, 1979
May 1, 1980 May 1, 1981 May 1, 1982 May 1, 1983 May 1, 1984
.. .May 1, 19% May 1, 1986 May 1, 1987 May 1, 1988 - May 1, 1989 May 1, 1990
.- . . . . . . . . . . . . . . . . . . . May 1, 1991 May 1, 1992
..- May..L, 1993. ,
May 1, 1994 May 1, 1995 May 1, 1996 .
AMOUNTS L$5,000100 - .
5,000.00 5,000.00 5,000.00
5,000.00 5.000.00 5,000.00
. ~5,000..00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00
10,000.00 >
10,000.00 . . . -10,000.00
10.000.00 10,000.00 5,000,00 5,000.00 5,000.00 , 5,000.00 5,000.00
10, 000.00 5 0 ~ 0 0 0 ~ 0 0 .
35,000.00 ., . -40,000.00
. . . . . ..? .bO,OOO. 00 . . . . . . . . 65,000.00
. 70,000.00 70,000.00 75,000.00 75,000.00
, 4. That . . .. . . . . . . - . . ~ ~ , . a k - . ~ e m Bonds maturing 1964 through 1976, 5% per r u n : Bonds maturing 1979 through 1979, 3% per annum; Bonds mat-arim 1980 through 1983, 3% per annum; Bonds maturing 1984 thxouqh 1987, 3.60% per annum: Bonds maturing 1988 through J.996, 3.70% per annun;
evidenced by coupons &y&le Ma& 1, 1463,. a& &mi-annually thqreaf ter . on yovember 1, and May 1 of ,@ash yqar.
, ,
5. The'cit) reserves the option of cal l ing a l l o r any pa r t of the bonds matuxing May 1, 3983 through May a, 1996, both inclusive, for re- demption p r io r t o matur i ty on May 1, 1982, ox ,on any interest payment
. date ths xeafter, a t par and accrued i n t e r e s t t o date f h e d f o r redemption, by giving t h i r t y (30) days' not ice i n writing t o t h e banks of payment and by publicatioq of such not ice i n a f inancial publication having general circulat ion 5x1 New York, N e w York. Said not ice sha l l appear i n said publication i n at l e a s t one issue, t he date o£ sajd Assue being not less than t h i r t y (30) days p r i o r t o the ,date sq s h e d fo r redemption. I f any such bond is calPed for redemption i n said manner, and i f funds s d f i c i e n t t o pay W e pr inc ipa l and accrued in te res t thereon s h a l l have been duly placed in W e banks of payment by the date so f5xed f o r redemp-
1 ,tion, it s h a l l not thesea f te r bear in teres t ,
i ( . . ' .. . . . . - 6. . The form .of said.:bonds. sha l l b e subs tant ia l ly as. .follows: .:? 4:; . . . . . . . . . . . . . . . "4
. . ; ' 0 i - . ,
;.1 N$*- . . : $5,000.00
UNITED STATES OF AMERICA STATE OF TEXAS
COUNTY OF mLLAS i CITY OF MESQUITE I GENERAL OBLIGATION BOND
SERIES 1962
The C i t y o£, MesquLta, i n ,theCoqnt;y .of Dallasr Sf a t e .a£ Texas, a municipal corporation duly incorporated.under ,the Laws qf izhe S t a t e oE Texas, fo r value received, hereby promises t o pay t o We bearer hereof on .the &st day oE May, 19 ....... . . . . . . . . . . . . . . . ~ .~ ~ . . ~~ ~,~ . ... . . . . . . ,.: . . . : - . . : : . . . . . . . 8 I , . : : . .
; . ' . . : . I . r &XVE THOUSANB_DOLT*?RS ! .. : . - . ~ . . . .{ . .
4. . . , 1 .. i n lawgul .money o f ' . ~ e united &tatisof America, y i th i n ~ e r e s t thereon from - , date herqof at the rate of percent (-%I per annum, i n t e r e s t
4 7 p a y a l e May 1, 1963, and semi-annually thereafter on November 1 and
<q ?-J May 1 of each year, b t h prinCipaA and interest ~fq-#le upon presentation and suxrender of bond or.propec coupon at Thg Fixat Ntitional Bark,
! Mesquite, Texas, or, a t t he option of the holder, at the Mercantile . .d ......... National B a n k af Dallas, Dallas, Texas, wiizhsut exchange or col lec t ion . - -
Yo Page 6 . . . Qxdlnance No. 418 .j ..:..
cflarges t o W e o h e r or holder hereof, and the City of Mesquite, Texas is hereby h e l d and f i rmly bound and i ts f a i t h and c red i t and a l l taxable property i n s a i d C i ty are hereby pledged f o r t he prompt pay-
. . ..... ment of the pr inc ipa l of t h i s bond a t maturi ty and the i n t e r e s t there- on as it accrues.
. . . . . . , This bond i s one of a s e r i e s of bonds of l i ke tenor and e f f ec t , "' - .. ,, except as t o number, i n t exes t , ra te , matarity, and r i g h t of p r i o r redemp-
. . t ion, numbered from 1 t o 138, both inclus ive; of the denomination oe $5,000.00 each, aggregating $690,000.00, issued t o provide $515,000.00 for t h e puxpose of improving We s t r e e t s of said City, t o provide $45,000.00 for t h e purpose of constructing and permanently equipping F i r e , S t a t i o n s f o r s a i d City, t o provide $125,000.00 for the purpose of cans t ruc t ing and permanently equipping a public building t o be used as a
I \ warehouse and maintenance garage fox said City, and $ t o p ovide $5,000.00 f o r the purpose of construct ing and permanently equipping a pubilric build-
/ i ing t o be used as an animal she l t e r far s a i d City, under and by v i r t u e o£ the Cons t i tu t ion and l a w s of the , S t a t e o f Texas, and the Charter of
I said City, and pursuant to an orainance passed by the City Council of t h e . . - City of Mesquite, Texas, which ordinance i s duly of record i n the minute
05 s a i d C i t y Council. . . . . , . . . %
*(The City r e se rves t h e r i g h t t o redeem th i s bond pr ior t o maturi ty on May 1, 1982, o r on any i n t e r e s t payment da te thereaf te r ,
. . a t pax and accrued i n t e r e s t t o date so f ixed fox redemption, provided t h i r t y (30) days' n o t i c e of such redemption i s given i n writing t o the banks of payment, and no t i ce of such redemption is published in a finan publ icat ion published i n the City of N e w York, New Ygrk. Said not ice
. , s h a l l appear i n said publ ica t ion i n a t least one issue, th?date of s a i d issue being no t less t han t h i r t y (30) days pr io r t o t he date so f i xed f o r redemption. Ifc this bond is c a l l e d for redemption i n said manner, and if funds s u f f i c i e n t to pay the redemption price s h a l l have been &uly placed i n t h e banks of paynient by the d a t e fixed fo r redemption, it s h a l l not t h e r e a f t e r bear interest. )
The d a t e of this bond, Xn conformiky wjtth the ordinance above - mentioned, is 'May 1. 1962. - , . * . .
AND IT IS HEREBY CERTIFSEDJWB RECITED tha t the issuance of .this j --...-_bond, and. t h e s e r i e s of- which it i s a ~ t , is duly authorized by law and by a v o t e of We res iden t , q u a l i f i e d e l ec to r s who own taxable proper ty in sa id c i t y and nda had duly rendered W e same for taxat ion i n the C i ty
. of Mesquite, Texas,' voting a t an e l e c t i o n held for t h a t purpose wi thin a sa id C i t y on the 16th day of December, 1961; tha t a l l acts, conditions,
I and t h ings required t o be done p r ~ x e d e n t t o anddn the issuance of t h i s j::- s e r i e s of bonds, and of this bond, have been properly done a d performed and have happen&. d i n r egu la r and du$ time, b r m , a+ manner as re,qu,i~e&-k-~
. ~. .
..........
Ordinance NO. 414
of taxes has beeq made which, when collected, shall, be.appropriated exclu- s ively t o t h e payment: of t h i s bond, and t h e s e r i e s ,of which it is a part, and t o t h e payme~t oE t h e i n t e r e s t coupons hereto qnnexed a s the same sha l l become due; and '&at t he t o t a l indebtedness. QE said Ci ty of Mesquite, Texas, including, the e n t i r e s e r i e s of bonds of whiqh m.is is one, does not exceed any constStutional o r s t a tu to ry l imi t a t i on . ,
X N WITNESS :WHEREOF, t h i s bond and the i n t e r e i t cqupons a t tached hereto have been,signed by t h e imprinted ox lithogqaphed facs imile sign- ture of t h e Mayoy of s a id City and countersigned by the. imprinted or lithographed f a c ~ h n i l e s ignature of t he City Secrefary,..and t h e o f f i c i a l seal of s a id C i ty has been duly impressed, o r prinfed, pr l i thographed on t h i s bond.
COUNTERSIGNED:
7. The fo;m of coupon sha l l be substant ia l l$ a s :follows:
ON THE 15's DAY 01"
with its terms), a t m e . F i r s t National Bank, Mesquite, Texas, or, a t t h e
hereof, . the swn of ' DoLlars ( S ) , i n lawful money of t h e United S t a t e s of America, being - mpnths' in te res t due t h a t day
. , . .
November 1, 3.982, and subsequently.)
.. . . . . . . . . . . . . . . . . . . . -. _. _. < - ---.-- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --
-: .. '... .. ..,.--. ,-,.. >...... ..... .-.-. -vw"~ ?,... "-.--
. . . . . ... . . . . . . . . . . . . . . .~ . . . . , . . . % . , , - . I
. . . . . . . , . . . . . . . . . ... . .. . .. . . < ~ .. . .
-" ,- . . . , . . '. . .
, BEl9.d a. ,.-,--.... .--....... -. . . . . . . . . . .
Ordinance No . 418
8. That the, bonds of s a i d CLky to be c a l l e d "City of Mesquite,
i n the principal sum 05 Four Hundred F i f t y Thousand .Dollars ($450,000.00). . ...~ . .: ,.,, -~-
red from 1 t o 90, both inclusive,
due and p a y a l e s e r i a l l y as f o l l o w s :
MATURITY DATES May 1, 1963 May 1, 1964 5,000.00 May 1, 1965 5,000.00 May 1.. 1966 May 1, 1967 May 1, 1968 May 1, 1969 May 1, 1970
. May 1, 1971 May' 1, 1972 5,000.00 , , . . May 1, 1973 5,000.00 :< May 1, 1974 5,000.00
- i.-1 p May, 1, 1975 5,000.00 May 1,. - 1976 May 1, 1977
. . May 1, 1978 May 1, 1979 5,000.00 May 1, 1980 May 1, 1981 May 1, 1982 10,OOq. 00 May 1, 1983 10,000.00 May 1, 1984 10,000.00. May 1, 1985 , 10,000.00 May 1, 1986 10,000.00 May 1, 1987 May 1, 1988 May 1, 1989 May 1, 1990 30,000.00
35,000.00 . , 35,000.,00
35,000.00 May 1, 1994 40,000,OO Way 1, 1995 40,000.00
, ~ . . . . . May 1, 1996 40,000.00
. . . . . . . . , . , . . . .. . , , . .. , .,, , ~.,~./.. ., i.,,>., ,.:>'.;4f.x?
RETAKE
. DOCUMENT
. , . . .
. -... . .... . . . .. . . . - .. ,., . .I...& ....,--..v .~ ' -.-- "-," . .. .m??@m@ PERTAINING TO THE PARK BONDS
CLty, £or the purpose of purmas ing and improving l ands for pwk p u p i n the p r i n c i p a l sum of Four Hundred F i f t y mousand Dol3ars ($450,000.
9.. That s a i d bonds s h a l l be numbered from 1 t o 90, both i n c l u s j of the denomination of $5,000.00 each, aggregat ing f o u r hundred f i f t y thousand Uollars ($450,000.00).
- . . , . .. . .
May 1, 1963 May 1, 1964 5,000.00 May 1, 1965 , 5,000.00 May 1, 1966 5,000.00 May 1, 1967 5,000.00 May 1, 1968 5,000.00 May 1, 1969 5,000.00 ..
May 1, 1970 5,000.00 . May 1, 1971 5,000.00
'May 1, 1972 5,000.00 May 1, 1973 . 5,000.00 May 1, 1974 5,000.00 May, 1, 1975 5,000.00
. . . . . May 1, - 1976 5,000.00 May 1, 1977 5,000.00 , May 1, 1978 . .5,000.00 . . . May 1, 1979 5,000.00
. May 1, 1980 5,000.00 May 1, 1981 5.0q0.00 . . &Lay 1, 1982 10, OOq.00 May 1, 1983 10,000.40 May 1, 1984 LO, 000.00 May 1, 1985 . --:-LO, 000.00 . . ,
May 1, ' 1986 10.000.00 May 1, 1987 1.0,OOO. 00 May 1, 1988 . .LO, 000.00 . May 1, 1989 May 1, 1990 30,000.00 May 1, 1991 35,000.00 May 1, 1992 , , 35* OOO..OO . .
May 1, 1993 35,000.00 May 2, 1994 . - .. . . . .. . - ... . . .. - ... - .- 40, 000-00 . ~ . , : . ,. .......--, May 1, 1995 40,000.00 May 1, 1996
. . . . . . \ . . ... . . ~ ..-. . . .. 40,000.00
. . ... . ... . .. .. . . --.-.-..-.-*
ZA . . .. s.,.
-.- .... ..-
... , .,... ~. :.,
~ : ~ ~ ~~. . . ~ ~ - .. ~~. ~~ . ~. ~ .~ . . . . . . ~ ... ~~~ ,.~. . - ~,~
.....l... ?. ...... . . .
Page 9 Ordinance No: 418 F *,
11. That %aid bonds shal l bear interesr a t ,the fol,lowLng ra tes : ,....~ ~-- Bonds maturing 1963 t$rough 1976, 5% per annum: Bonds maturing 1977 through 1979, 3% per a ~ u m ; Bonds maturing 1980 through 1883, 351% per annum; Bonds maturing 1984 through 1987, 3.60% per annum: Bonds maturing 1988 through 1996, 3.70% per annum;
evidenced by couponsgayable M a y 1, 1963, and,semi-annually t he rea f t e r on November 1 and May ,I &each year. ,
, . 12. The City reserves the option of ca l l i ng a l l o r any p a r t of
the bonds matq ing May 1, 1983 through May 1, 1996, both inclusive, f o r redemption p r i o r t o maturity on May 1, 1982, o r on any i p t e r e s t payment d a t e t he rea f t e r , a t par and accrued iqterest ,to date f ixed fo r redemption by giving t h i r t y (30) daysm notice i n writ ing t o We banks of payment and by publication of such notice i n a f i nanc i a l publ ica t ion havFng general c i rcu la t ion i n N e w York, N e w York. Said no t i ce s h a l l appear
, i n s a i d publication i n a t l e a s t one issue,, t h e 4ate of s a i d issue being not le>66 L3an t h i r t y (30) days p r i o r t o We date so f ixed for redemption. If any such bond i s cal led fo r redemption in sa id manner, and i f funds suf f ic ien t t o pay the pr incipal and accrued interbest thereon s h a l l have been duly placed i n the banlcs of payment by the date s o f ixed f o r redemp-
a tion, it s h a l l not thereaf te r beax in te res t .
13. The form of said bonds s h a l l be subs tan t ia l ly as follows:
$5,000100 UNITED STATES OF AMERICA
STATE OF TEXAS COUNmCF D?g,ms CITY OF MESQUJTE ,
PARK BOM) SERIES 3.962
The Ci ty of Mesquite, i n t h e County@ Dallas, s t a t e of Texas, a munici- pal corporation duly incorporated under the laws of the S t a t e o f Texas, for value received, hereby promises t~ pay tq the bearer hs.~e_og--~n the - 1st day of May, 19- We sum o f
. . . . F I T TIIOUSANB DOLLARS
... in lawful money of the United States of Amerlca, with in te res , t thereon
., ?
f roq date hereof a t the rate of percent (- %) per annum, i n t e r e s t payable May 1, 1963, ald semi-annually thereafter on November L
I:
@ 'and May 1 of each year, both pr incipal and Lnterest payable upon presenta- I t ion and surrender of bond or proper coupon a t The F i r s t National Bank, . . . . . . . . . . . . . . . . . . . . ---
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". d . . Page 10 a .r .;
.$.. Ordinance No. 418 -. Mesquite, Texas. or, at the option of We holder, a t the .Mercantile 4 ... F@ National Bank a t Dallas, Dallas, Texas,without exchange o r collection
.... :$ charges t o the owner or holder hereof, and the City of Mesquite, Texas, ... i s hereby held and firmly hound and its f a i t h and c r ed i t and a l l taxable
properky i n said City axe hereby pledged f o r t h e prompt payment of the principal .of t h i s bond at maturity and the i n t e r e s t t he r eon as it accrues.
,-. >... , - . . .
This bond is one of a series of bonds of l i k e tenor and effect , .except as t o number, . interest =ate,. maturLty, and r igh t of prior redernp-
... . . tion, numbered from 1 t o 90, both inclusive, 02 the denomination of ... $5,000.00 each, aggregating $450,000.00, issued f o r the purpose of
'.( purchasing and Lmproving lands f o r park purposes, under ,and by vir tue
,:of ..th e Constitution and laws of t he S t a t e .of Texas, and the C h a r t e r of s a i d City, and pursuant &o 5;0 ordinance passed by .the City Council of
1 the City of Mesquite, -Taxas, which ordinance is duly of record i n the I minutes of said City Council. . I , . i . . . . . . . 1 *(The City reserves the r i g h t t o redeem t h i s bond prior t o
matuxity on May 1, 1982, or on any i n t e r e s t payment date thereafter, "1 . a t par and accrued in te res t t o da te s o fixed f o r redemption, provided Y t h i r t y (30) days* notice of such redemption is given i n writing t o the
I banks of payment, and notice of such redemption is published in a financial publieation published i n t h e City of New York, New Ybrk. P +
*I Said not ice sha l l appear i n s a id publication i n a t l e a s t one dssue, !&: the date of said issue being not less than t h i r t y (30) days prior t o a the date so fixed f o r redempkion. If t h i t ' bond is calledfor redemption i n said manner, and i f funds suff icient : t o pay the redemption price -i sha l l have been duly placed i n t h e banks of payment by We date f*ed for redemption, it sha l l not t he r ea f t e r bear in teres t . )
I
I The date of t h i s bond, i n conformity with the ordinance above mentioned i s May 1, 1962. 1 AND I T IS HEREBY CERTIFIED AND RECITED t h a t t h e issuance of t h i s ' bond, and the series of which it is a part, is duly authodzed by law and by a vote of We xesident, qua l i f i ed e lea to rs who own taxable pro- perty i n m i d City and who had duly rendered the same for taxation in . . . *the City of Mesquixte,. Texas, voting at an e lec t ion held for tha t
" ..-...--._,_. -purpose within sa.&d CiCy on t he 16th day of Decembex, 1961; i5Ia.t. qL3 ,-. . . j.. . acts, conditions, and things required t o be done precedent t o and i n ... .... * . . We issuance of t h i s ser ies of bonds, and of this bond, have been . . ~- properly done and performed and have happendd i n regular and due time, .: 1 forn, and. manner as required by law; that su f f i c i en t and proper provi-
sion fox the. levy and .collection of taxes has been made which colleated, ehal l be appropriated exclusively to,-the payment o bond and t he ser ies .of which it is a p a t , and t o the payment of, the i n t e r e s t coupons Bereto annexed. as the same s h a l l become due; and
..... - ... - .- ." .- .
....... . . . . Page 11 Ordinance No. 418
. . . . .-. ---. and t h a t the to ta l indebtedness of s a i d City of Mesquite, the en t i re series of bonds of which W i s is one* does not exceed any constitutional or s ta tu tory limimitation.
I N WITNESS WHEREOF, t h i s bond and We i n t e r e s t coupons aetached hereto have been signed by the imprinted o r Lithographed £acs6mile s ignatwe of the Mayor of said City and countersigned by We imprinted or Lithographed facsimile signature of the City SSecetary, and the o f f i c i a l seal of said City has been duly impressed, ox prjnted, or lithographed on t h i s bond.
1 COUNTERSIGNED:
,.I Ci ty Secretary, City of Mesquite, Texas.
Mayor, C i t y of Mesq!ite,Texas.
*(This paragraph should be omitted from bonds maturing through May 1, 1982). . .-
14. The form of coupon sha l l be substant ial ly a s follows:
OK THE 1ST WY OF
The City of Mesquite, Texas, w i l l pay t o bearer *(unless t h e bond to whish t h i s coupon is attached sha l l have been previously ca l led for redemption and provision fo r We xedemption thereof made i n accordance w i t h its terms), a t The F i r s t National Bank, Mesquite,Texas, or, at We option of the holder, a t the Mercantile National Bank a t Dallas, Dallas, Texas, without exchange or colleckion charges t o the owner or holder hereof, Cne sum of - D o l l a r s ( $ ) , i n lawful money of thd United States of America, being - mopths' i n t e r e s t due t h a t day on "City of Mesquite, Texas, Park Bond, Series 1962," dated May 1, 1962. NO.-.
----.... City Secretary Mayor
*(This parenthetical exiression should be printed only i n coupons maturing November L, 1982, and subsequently. )
PERTALNSNG TO BOTH ISSUES ABOVE DESCRIBED !!#I 4 -15. That substantially the following c e r t i f i c a t e sha
,.I printed on the back of each bond: ............ _. .. __.-... . - . -7 . . . .... ? .--*--------
1
76 . .
Page l 2 Ordinance No. 418
OFFXCE OF COMETROLLER STATE OF TEXAS
Fs
Z HEREBY CERTIFY t h a t t he re is on f i l e and of record in my office a c e r t i f i c a t e d t he Attoxney General* of t h e S t a t e of Texas t o the e f f e c t t h a t t h i s bond has been examined by him a s required by l a w , and tha t he f i n d s t h a t it has been issued i n conformity with t h e Consti- tu t ion and laws of t h e S t a t e of Texas, and t h a t it is a valid and bind- ing obl igat ion upon s a i d City of Mesquite, Texas, and said bond has t h i s day been r e g i s t e r e d by me.
WITNESS MY HAND and sea l of o f f i c e a t Austin, Texas, . Comptroller of Public Accounts of the S t a t e of Texas.
(SEAL)
16. That t h e principal and i n t e r e s t of s a i d bonds sha l l -be payable upon p r e s e n t a t i o n and surrender of bond or proper coupon a t The F i r s t National Bank, Mesquite, Texas, or , a t t he option of t he holder, a t the Mercanti le National Bank a t Dallas, Dallas, Texas, without ex- change or c o l l e c t i o n charges t o t h e owner o r holder thereof. g
I-- :
17. That each of sa id bonds and i n t e r e s t coupons sha l l be signed by the imprinted o r lithographed facs imile signature of the Mayor of t he City and countersigned by the imprinted or lithographed facsimile s ignature of the C i t y s ec re t a ry , and the o f f i c i a l s e a l of t h e C i ty shal l be impressed, o r pr inted, o r Lithegraphed on each of said bonds.
TAX Y5VY PROVISIONS .
18. That a s p e c i a l fund t o be designated "City ooE Mesquite. Texas, General Obl igat ion Bonds, Ser ies 1962 Fund" i s hereby created and the proceeds exom a l l t a x e s col lected for and on account of said General Obligation Bonds s h a l l be credi ted t o sa id Fund f o r t h e purpose of paying the interest as it accrues and t o provide a sinking fund for the purpose of paying each ins ta l lment of p r inc ipa l a s it becomes due, and sa id Fund
dhal.1. b.0~ -used Eor no o the r purpose. For the cur ren t year and each year while any of s a i d bonds, or i n t e r e s t khereon, a r e outstanding and unpaid, there $ h a l l be computed and ascertained, a t t he tlme oc:her taxes a r e Levied, t h e r a t e of t a x based o n t h e l a t e s t appraed rolls of sa id City as w i l l b e r e q u i s i t e and sufficient: t o make, r a i s e , and produce i n each of said years a fund t o pay the i n t e r e s t on sa id bonds and t o provide a sinking fund s u f f i c i e n t t o pay t h e pr incipal as it matures, or a t !%? Least 2% of t h e outs tanding princ=pipal a s a sinking fund, whichever is greater, f u l l allowances being made f o r delinquencies and costs of collection. A tax a t t h e r a t e as hereinabove determined is hereby ordered t o be l e v i e d and i s hereby levied against a l l of the taxable
Page 13 . . Ordinance No. 418
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property i n s a i d City f o r the current year and each year respect ively while any of s a i d bonds, o r i n t e r e s t thereon, are outstanding and,unpaid, and the sa id tax each year s h a l l be assessed and col lected and placed i n t he Fund hereby created and t h e Treasurer s h a l l honor warrants against s a id Fund f o r t h e purpose of paying the i n t e r e s t maturing and pr inc ipa l
' of s a i d bonds And for no other purpose. . 19. That a spec ia l fund t o be designated "City of Mesquite, Texas,
Park Bonds, Series 1962 Fund" is hereby created and the proceeds from a l l taxes co l lec ted f o r and on account of s a i d Park Bonds s h a l l be c red i ted t o s a i d Fund f o r the purpose of paying the i n t e r e s t as it accrues and to provide a sinking fund f o r t h e purpose of paying each i n s t a l l m m t of ~ r i n c i p a l as it becomes due, and said Fund s h a l l be used f o r no other purpose. For the current year and each year while any of s a i d bones, o r i n t e r e s t thereon, a r e outstanding and unpaid, there s h a l l be computed and ascertained, a t the time o the r taxes a r e levied, t h e r a t e of t ax based on the l a t e s approved r o l l s of sa id City as w i l l be r e q u i s i t e and su f f i c i en t t o make, ra ise , and produce i n each of sa id years a fund t o pay the i n t e r e s t on said bonds and t o provide a sinking fund su f f i c i en t to pay t h e pr incipal as it matures , o r at l e a s t 2% of t h e outstanding pr inc ipa l as a sinking fund, whichever i s greater , f u l l allowances being made f o r delinquencies and c o s t s of collect ion. A t a x
3 at the r a t e a s hereinabove determined is hereby ordered t o be levied and is hereby levied against a l l of the taxable property i n aaid City f o r t h e current year and each yeas respectively while any of sa id bonds, o r i n t e r e s t thereon, are outstanding and unpaid, and the sa id ta% each'year s h a l l be assessed and col lected and placed i n t he Fund hereby created and t h e Treasurer s h a l l honor warrants aga ins t s a id Fund fo r t he purpose of paying the i n t e r e s t maturing and pr inc ipa l of said bonds and f o r no other purpose.
GENERAL PROVISIONS
20. Be it fu r the r ordained tha t t h e Mayor of sa id City s h a l l be authorized t o take and have charge of a l l necessary records pextain- ing t o the bonds pending invest igat ion by t h e Attorney General, and s h a l l take and have charge and control of t h e bonds herein authorized pending t h e i r approval by the Attorney General and r eg i s t r a t i on by t h e Comptroller oE Public Accounts. Upon r eg i s t r a t i on of sa id bonds, t he Comptroller of ~ u b l ~ c Accounts (o r a deputy designated i n writ ing t o act f o r the Comptroller) s h a l l manually sign the ComptroLlerfs c e r t i f i - cate of r eg i s t r a t i on prescribed herein t o be pr inted on the back of each bond, and the s ea l of the Comptroller s h a l l be impressed, or printed, o r lithographed on each Of sa id bonds,
21. That t h e s a l e of a l l bonds herein authorized t o White, Weld & CO., Rowlea Winston h Co., and Associates, a t a pr ice of par an8 .- .. accrued i n t e r e s t t o da t e of deliverv. rslus a vsemium of $-0-. i s herebv . . - - - ccarmed. Delivery cf such bonds s h a l l be mad; t o such Axchisex a s
-
~ . . . . .
a
soon as may be after the passage of thi- --a<----- --.- - for in accordance with the terms n* ==>
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+.., i. . . . . 2, "'
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Page 14 . . Ordinance No. 418
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22. This Ordinance hamby declared to be an emergency measute --.- -- the public business, property, health,
,----eds from the sale of the bonds herein -. ly required as soon as possible to .make the various '
public improvements for which said bonds were voted and are-be- issued. T h i s Oxdinance i s hereby finally passed as an emergency. m&asme and shall be effective immdiately.
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