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1992-014a, CITY OF SOUTHLAKE, TEXAS RESOLUTION NO. 92-14 A RESOLUTION canvassing the returns and declaring the results of the bond election held May 2, 1992. WHEREAS, an election was held in the City of Southlake, Texas on the 2nd day of May, 1992, for the purpose of submitting a certain proposition for the issuance of -bonds to the resident electors of the City; and WHEREAS, it is hereby found and determined that notice of the election was duly given in the form, manner and time required by law, and said election was in all respects legally held and conducted in accordance with applicable laws of the State of Texas and the proceedings calling and governing the holding of such election; and WHEREAS, the returns of said election have been duly' and legally made and submitted to the City Council for canvassing, and a tabulation of the returns for the polling place and for early voting, as canvassed and tabulated by this governing body and shown in Exhibit A attached hereto, reflect that the total sum of votes counted "FOR" and "AGAINST" the proposition submitted were as follows: THE ISSUANCE OF $4,500,000 GENERAL OBLIGATION BONDS FOR STREET IMPROVEMENTS" FOR" 530 votes AGAINST" 275 votes THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SOUTHLAKE, TEXAS: SECTION 1: That all of the recitals contained in the preamble of this resolution are found to be true and are adopted as findings of fact by this governing body and as part of its judgment. SECTION 2: That it is further found and determined that the results of the election are as canvassed and tabulated in the preamble hereof and in Exhibit A attached hereto, and, a majority of the resident qualified electors voting at said election having voted in favor of the proposition, the City Council is hereby declared to be authorized and empowered to issue the bonds on behalf of the City in the amount and for the purposes stated in the proposition; all as more fully set forth and identified above and in the proceedings calling said bond election. SECTION 3: That the City Secretary is hereby authorized and directed to make the appropriate entries of information appearing in the tabulation of precinct results shown in Exhibit A attached hereto in the election register maintained by the City in accordance with provisions of Section 67.006 of the Election Code. PASSED AND APPROVED, this the 5th day f May, 92. 00III I I IM 1110", T H rM City Secretary City of Southlake, Texas City Seal) 4 6 1 9 J mayor City of So/thlake, Texas 2- I EXHIBIT A TABULATION OF VOTES RE: SPECIAL BOND ELECTION HELD May 2, 1992 THE ISSUANCE OF $4,500,000 GENERAL OBLIGATION BONDS FOR STREET IMPROVEMENTS" FOR AGAINST 446 252 POLLING PLACE 84 23 EARLY VOTING BALLOT BOARD 4699) 3-