RESO 2007-06 - Establishing bond proposition language for the 11/6/09 bond electionRESOLUTION NO. 2007-06
RESOLUTION ESTABLISHING BOND PROPOSITION LANGUAGE
FOR THE NOVEMBER 6, 2007 SPECIAL BOND ELECTION
AND OTHER MATTERS RELATED THERETO
THE STATE OF TEXAS
CITY OF HUNTSVILLE
COUNTY OF WALKER
WHEREAS, the City Council (the "Council") of the City of Huntsville, Texas (the "City")
desires to establish the bond proposition language to be presented to the voters at a special bond
election on November 6, 2007; and
WHEREAS, the meeting at which this Resolution is adopted was open to the public and
public notice of the time, place and purpose of the meeting was given, all as required by Chapter 551,
Texas Government Code, as amended;
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
HUNTSVILLE, TEXAS:
1. The proposition shall read as follows:
PROPOSITION NO. 1
Shall the City Council of the City of Huntsville, Texas, be authorized to issue the
bonds of the City, in one or more series or issues, in the aggregate principal amount
of $1,750,000 with the bonds of each such series or issues, respectively, to mature
serially within not to exceed thirty years from their date, and to be sold at such prices
and bear interest at such rates, as shall be determined within the discretion of the City
Council, in accordance with law at the time of issuance, for the purpose of
constructing, improving and equipping a new fire station to serve the portion of the
City east of Sam Houston Avenue including constructing necessary infrastructure and
parking facilities and the purchase of fire trucks and communication technology; and
shall said City Council be authorized to levy and cause to be assessed and collected
annual ad valorem taxes on all taxable property in the City in an amount sufficient to
pay the annual interest on said bonds and provide a sinking fund to pay the bonds at
maturity?
HUNTSVILLE \Nov2007Elcct; ResEstablishPropLanguage
2. The proposition shall appear on the official ballot in substantially the following form:
( ) FOR The issuance of $1,750,000 in tax supported general obligation
bonds for constructing, improving and equipping a new fire
station to serve the portion of the City east of Sam Houston
( ) AGAINST Avenue.
3. This Resolution shall become effective immediately upon adoption. The Mayor and City
Secretary are hereby authorized and directed to execute the certificate to which this Resolution is
attached on behalf of the City and to do any and all things proper and necessary to carry out the
intent of this Resolution.
HUNTSVILLE1Nov2007Elect; ResEstablishPropLanguage
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PASSED AND APPROVED THIS 200
ATTEST:
Danna Welter, City Secretary
APPROVED AS TO FORM:
.3g441°
Thomas A. Leepe y iTttorney
HUNTSVILLE Nov2007Elect; ResEstablishPropLanguage
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