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Ordinance No. 610x OMINANCE NQ. 610 AN ORDINANCE AUTHORIZING THE ISSUANCE OF CERTAIN CITY OF BAYTOWN TAX BONDS; PRESCRIBING CERTAIN TERMS AND CONDITIONS RELATING THEP_ETO;' CALLING AND PROVIDING FOR AN ELECTION TO AUTHORIZE THE ISSUANCE OF SAID BONDS; AND PROVIDING THAT THIS ORDINANCE SHALL TAKE EFFECT FROM AND AFTER ITS ADOPTION THE STATE OF TEXAS § COUNTY OF HARRIS § The City Council of the City of Baytown, Texas, convened in regular session at the City Hall within said City on the 25th day of August, 1960, with the following members present, to -wit: R. H. Pruitt Mayor Mrs. Velma J. Ansley Councilman Kenneth E. Badgett Councilman Seaborn Cravey Councilman Roy H. Hughes Councilman Lacy Lusk Councilman Walter Lane Ward Councilman Edna Oliver City Clerk and the following member(s) absent. to -wit: 111'e,Il/e , when, among other business, the following; was transacted: The Mayor introduced an ordinance which was read in full. Councilman A41,c, made a motion that the ordinance be adopted as read. Councilman d seconded the motion for adoption of the ordinance. The motion, carrying with 'it the adoption of the ordinance, prevailed by the follow- ing vote: AYES: Councilman Ansley, Badgett, Cravey, Hughes, Lusk, Ward, and Mayor Pruitt. NOES: None. ! The Mayor thereupon anInounced that the ordinance had been • duly and lawfully adopted. The ordinance thus adopted follows: AN ORDINANCE AUTHORIZING THE ISSUANCE OF CERTAIN CITY OF BAYTOWN TAX BONDS; PRESCRIBING CERTAIN TERMS AND CONDITIONS RELATING THERETO; CALLING AND PROVIDING FOR AN ELECTION TO AUTHORIZE THE ISSUANCE OF SAID BONDS; AND PROVIDING THAT THT.S ORDINANCE SHALL TAKE EFFECT FROM AND AFTER ITS ADOPTION WHEREAS, there is a great need for the issuance of tax bonds of the City of Baytown, Texas, for the purpose hereafter set forth in this ordinance; and WHEREAS, before said bonds can be issued, they must be.ap- proved at an election by a majority vote of the resident Qualified • electors of said City who own taxable property within said City and who have duly rendered the same for taxation, voting at said election; Therefore BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN: Section 1: That an election shall be held in and through- out the City of Baytown, Texas, on the 20th day of September, 1960, which is not less than fifteen days nor more than thirty days from the date of adoption of this ordinance, at which election there shall be submitted to the duly qualified resident electors of said City who • own taxable property within said City and who have duly rendered the same for taxation, for their action thereupon, the following propo- sition, to -wit: PROPOSITION SHALL THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, BE AUTHORIZED TO ISSUE THE BONDS OF SAID CITY IN THE AMOUNT OF $350,000, MATURING SERIALLY WITHIN 30 YEARS FROM THEIR DATE OR DATES, AND BEARING IN- TEREST AT A RATE OR RATES NOT TO EXCEED 5% PER - ANNUM, FOR THE PUR- POSE OF CONSTRUCTING AND EQUIPPING A MUNICIPAL BUILDING, TO -WIT: A CITY LIBRARY BUILDING, INCLUDING THE PURCHASE OF THE NECESSARY SITE THEREFOR, AND TO LEVY AN ANNUAL TAX ON ALL TAXABLE PROPERTY WITHIN SAID CITY SUFFICIENT TO PAY THE INTEREST ON SAID BONDS AS IT ACCRUES AND TO CREATE AND PROVIDE A SINKING FUND TO PAY THE PRINCIPAL OF SAID BONDS AS IT MATURES? (The probable period of usefulness of the improvements for which the bond proceeds are to be expended is 40 years.) -2- • 0 • • Section 2: That said election shall be conducted and held in the several election precincts of said City, heretofore estab- lished, and at the respective polling places hereinafter stated, and the following named persons are hereby appointed officers to conduct said election in said election precincts, respectively, to -wit: Prec. Polling No. Place Election Officers - 12 Alamo School J. F. Rhodes Presiding Judge Building Mrs. R. L. Lawhon Assistant Judge Mrs. T. L. Satterwhite Clerk 99 Thad Felton Ford Jack G. Hester Presiding Judge Agency Building H. M. Love Assistant Judge P. S. Viles Clerk 100 Wilkenfeld's H. T. Hulme Presiding Judge Furniture Company Mrs. J. B. Orton Assistant Judge Building Mrs. J. I. Cherry Clerk 101 Firemen's Mrs. E. E. Slagle Presiding Judge Recreation Hall Mrs. G. L. Dabney Assistant Judge Mrs. 011ygay Pelly Clerk 102 Community House J. W. Sprayberry Presiding Judge No. 2 Mrs. J. W. Sprayberry Assistant Judge Mrs. Nami Katribe Clerk 149 San Jacinto A. R. Stark Presiding Judge Elementary School John Henderson Assistant Judge Building . Mrs. C. R. Hinton Clerk 248 Carver High Woodrow Lewis Presiding Judge School Building Mrs. Virgie Devereaux Assistant Judge Mrs. C. D. Reed Clerk .249 James Bowie Wayne McClurg Presiding Judge Elementary Mrs. Kathryn Alford Assistant Judge School Building Mrs. J. A. Jones, Clerk -3- I• I• Section 3: That said election shall be held in accordance with the Constitution and laws of the State of Texas and the Home- Rule Charter of said City, and only duly qualified resident electors of said City who own taxable property within said City and who have duly rendered the same for taxation shall be qualifed to vote. Section 4: That the ballots of said election shall conform to the requirements of the Election Code of the State of Texas,. Chapter 492, Acts of the 52nd Legislature of Texas, 1951, as amended, and shall have printed thereon the following: OFFICIAL BALLOT FOR AGAINST THE ISSUANCE OF CITY LIBRARY BUILDING BONDS Voting on said proposition shall be by voting machines, and each voter desiring to vote in favor of the proposition shall pull the voting pointer down indicating "For" such proposition, and each voter desiring to vote against such proposition shall pull the voting pointer down indicating "Against" such proposition. As to absentee voting, however, paper ballots shall be used, and absentee votes shall be cast at the Office of the City Clerk in the City Hall. Said paper ballots shall have printed thereon the following: OFFICIAL BALLOT r, FOR THE ISSUANCE OF CITY LIBRARY BUILDING BONDS AGAINST THE ISSUANCE OF CITY LIBRARY BUILDING BONDS The absentee voter shall vote on the proposition by scratching or marking out the expression that he does not wish to vote for, thus leaving the one not so scratched or marked out as indicating his • vote on such proposition, in accordance with said Election Code as amended. -4- I• Section 5: That notice of said election shall be given by posting a copy of a notice containing a substantial copy of this ordinance at the City Hall and at a public place in each of the City election precincts within said City not less than fourteen (14) days prior to the date upon which said election is to be held, and by publication of said notice on the same day in each of two (2) con- secutive weeks in The Baytown Sun, a newspaper published in, and of general circulation within, said City of Baytown, the first of said publications to be made not later than fourteen (14) days prior to the date set for said election. Section 6: That if said proposition is approved by a ma- jority vote of the electors voting at said election, the same will constitute an approval of this ordinance and of the authority of the City Council to issue said bonds; and, that if said proposition fails to receive said majority vote, the same will constitute a re- jection of this ordinance and of the authority of the City Council to issue said bonds. Section 7: That the issuance of said bonds is hereby authorized, subject to the approval by a majority vote of the resi- dent qualified property taxpaying voters of said City who own tax- able property in said City and who have duly rendered the same for taxation, voting at said election, as herein above provided for; and, subject to said approval, while said bonds or any part of the prin- cipal thereof or interest thereon remain outstanding and unpaid, there is hereby levied and there shall be annually assessed and col- lected, in due time, form, and manner, and at the same time other City taxes are. levied, assessed, and collected, in each y ..ar, begin- ning with the current year, a continuing direct annual ad valorem tax upon all taxable property within said City sufficient to pay r, ® the current interest thereon and to create and provide a sinking fund of not less than 2% of the principal amount of said bonds then out- standing or of not less than the amount required to pay the principal payable out of said tax, whichever is greater, full allowance being made for delinquencies and costs of collection; and that, if said bonds are so approved, the details governing their issuance shall be fixed and specified by ordinance or ordinances duly adopted by the City Council subsequent to the holding of said election. Section 8: That this ordinance shall take effect and be ® in full force from and after its adoption. ATTEST: City Clerk (SEAL) U • PASSED AND APPROVED, this the 25th day of August, 1960. -- - / �11 H Mayor, City of Baytown, Texas