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0184 ORDINANCE N0. 184 AN ORDINANCE BY TP~E CITY COUNCIL OF TH~ CITY OF SOUT}LLAKE, TF~(AS, CALLING AN ELECTION TO BE HELD IN SAID CITY ON SEPTEMBER ll, 1971, FOR THE pURPOSE OF SUBMITTING TO ALL RESIDENT QUALIFIED ELECTORS OF T~ CITY OF SODTPLLAKE WHO OWN TAXABLE PROPERTY IN SAID CITY AND W~O HAVE DULY RENDERED THE SAME FOR TAXATION, AND TO ALL OTHER RESIDENT QUALIFIED ELECTORS VOTING SEPARATELY, A PROPOSITION RELAT- ING TO THE AUTHORIZATION AND ISSUANCE OF $300,000 GENERAL OBLIGATION BONDS OF SAID CITY AND TH~ LEVY OF THE TAX IN PAY~r~NT THEREOF. ~LEREAS, the City Council of the City of Southlake, Texas, nas determined to ca%l an election at which there shell be submitted e Proposition to authorize the City Council of seid City to issue $300,000 General Obligation Bonds of ssid City for the purpose of constructing permanent improvements end extensions to said City's Waterworks System end to levy the tax i.o payn]ent thereof; end this City Council accordingly now de- si es ~o order and call sn election for the pumpose of submit- %ing ssid Preposition for the grant of authority themein con- tained; NO~, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SOb~L~A k~, TEY~AS: I That an election be held in the City of Southlake, Texas, on Ssturdsy, September 11, 1971, which is not less then £1fteen (15) nor more than thirty (30) days from the date of ~his ordinance, at which election there shall be submitted to all - 2 - resident qualified electors of the City of Southlake, Texas, who own tsxable property in said ciby and who hsve duly rendered the same for taxstion, and to all other resident qualified electors, voting separately, for their action thereupon the proposition here- inafter set forth. At said election all resident qualified electors of said city who own taxable property in said city and who have duly rendered the same for taxation Shall be permitted to vote. Also st said election all other resident qualified electors of said city, voting separately, shsll be permitted to vote, that is, all of those persons who are resident qualified electors of said city but who do not meet the requirement of owning taxable property in said city which has been duly rendered for tsxation. Separate bsllot boxes will be maintained st the polling place for each ssid class of voters and the votes cast at said polling place by each said class of vobers shall be recorded, returned and canvassed separstelyo Absentee voting in said election shall be conducted in such s manner that absentee votes cast by each of the aforesaid classes of voters shall be cast, recorded, returned and canvassed sepsrately as stated above. The proposition to be submitted is as follows, to-wit: PROPOSITION "Shall the City Council of the City of Southlake, Texas, be authorized to issue Bonds of said City in the principal amount of THREE Hb~DRED THOUSAND DOLLARS ($300,o00), for the purpose of constructing permanent improvements and extensions to the Waterworks System of said City; said Bonds to mature serially, or otherwise ss may be determined by the City Council of said City$ the maximum maturity being not more than thirty (30) years from their date, and any issue or series of said Bonds to bear interest per annum (payable annually or semi-annually) st any rate or rates to be determined within the discretion of the City Council of said City, provided that such rate or rates shall not exceed the maximum rate per annum permitted by law at the time of the issuance of any issue or series of said Bonds; and shall the City Council of said City be authorized to levy an annual ad valorem tax on all taxable property in said City sufficient to pay the interest on said Bonds and to create a sinking fund sufficient to pay the principal thereof as the same matures, ~s authorized by the Con- stitution and laws of the State of Texas?" II That the polling place for the holding of said elec- tion shall be at the CITY HALL in sa id City, and bhe entire City of Southlake, for the purpose of holding said election, s~ll be and constitute one municipal election precinct; and ~LRS. ELSIE McALISTER is hereby appointed Presiding Judge of said election, and JAMES WINFREY Alternate Presiding Judge of said elec- tion. III That, the Alternate Presiding Judge above named, ih bhe absence of the Presiding Judge, above named, shall perform the duties of the Presiding Judge of such election; and bhe Presiding Judge shall appoint for such election three (3) qualified voters who are residents of the election precinct to serve as Clerks in said election, the appointment of such Clerks to include the Albar- hate Presiding Judge, who,.if present, shall be appointed and counted as one of such election precinc~ Clerks. IV That absentee voting in said election shall be conducted at the City Hall of said City in Southlake, Texas, and the City Secretary is hereby charged with the duty of conducbing absentee voting in said election, as required by law. V That the polls for said election on the day of said elec- blon shall be open from 7:00 o'clock A.M. to 7:00 o'clock P.M. VI That the ballots to be used in said election shall be prepared in conformity with the Texas Election Code, as amended, and in such ~nner that the electors n~ay cast their ballots either "FOR" or "AGAINST" the following ballob Proposition: PROPOSITION The issuance of $300,000 of General Obliga- tion Bonds to construct permanent improve- ments and extensions to the City's Waterworks System, and the levy of the tax in payment thereof, as submitted in the Proposition. VII That a substantial copy of this ordinance, designated as a Notice, shall serve as proper notice of said election. Notice of said election shall be given in accordance with Article 704, Revised Civil Statutes of Texas, as amended. VIII That the City Secretary is hereby authorized and di- rected to post notice of said election at the City Hall in said City, and at three (3) other public places within said City, all of which notices shall be posted not less than fourteen (lb) days prior to the date set for said election. IX That the City Secretary of said City is further author- ized and directed to cause said notice of said election to be published in the GRAPEVINE SUN, being a newspaper published in and of general circulation in Tarrant County, Texas, which notice shall be published on the same day in each of two successive weeks in said newspaper, the date of the first publication being not less than fourteen (14) days prior to the date set for said elec- PASSED AND APPROVED this 17thday of August , 1971. MaYOr, City of Southlake, Texas ATTEST City Secyetary, City of Southlake, Texas (SEAL OF CITY) -5- THE STATE OF TEXAS COUNT OF TARRANT CITY OF SOUTHLAKE The City Council of the City of Southlake, Texas, convened in ~ session at 7:30 o'clock, P_. M., on the 17th day of__A~, 1971, at the City Hall within said City, which meeting was at all times open to the public, with the following members of said City Council being present, namely: Wade Booker W. O. Nunn R. D. D~-u~znl Thurman Hearn Ralph Polson, Jr. Billy Joe Knox Aliceanne Wallace Mayor Councilman Councilman Councilman Councilman and City Secretary and with the following members being absent: H. D. Drurmmond , thus constituting a quorum. Whereupon, among other business, the following was transacted at said meeting: A written Ordinance catllng a bond election to be held in said City on September 11, 1971, for the purpose of issuing bonds was duly introduced for the consideration of said Council and read in full. It was then duly moved and seconded, that said ordinance be adopted; and, after due discussion, said motion, carrying with it the adoption of said ordinance, prevailed and carried by the following vote: AYES: All members of said City Council shown present above voted "Aye." NOES: None.