RESO CC 09/14/1971 - Calling Bond Election RESOLUTION CALLING BOND ELECTION; PROVIDING
DETAILS RELATING TO SAID ELECTION; AND CON-
TAINING OTHER PROVISIONS RELATING TO SAID
ELECTION
WHEREAS , the City Council of the City of Huntsville ,
Texas , deems it necessary and desirable to issue bonds of
said City for the purpose of constructing and improving
the roads , bridges and streets of said City , including re-
lated drainage improvements ; and
WHEREAS , the City Council of the City of Huntsville ,
Texas , deems it necessary and desirable to issue bonds of
the said City for the purpose of constructing and equipping
a fire station; and
WHEREAS , the City Council of the City of Huntsville ,
Texas , deems it necessary and desirable that an election
be called and held within said City for the purpose of voting
a
on the proposition of issuing bonds of the said City for the
purpose of constructing and improving the roads , bridges
and streets of said City , including related drainage improve-
ments , and on the proposition of issuing bonds of the said
City for the purpose of constructing and equipping a fire
station; Now , Therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
HUNTSVILLE, TEXAS:
Section 1 : That an election shall be held in and
throughout the City of Huntsville , Texas , on the 5th day of
October, 1971, between the hours of 7 : 00 a.m. and 7 : 00 p .m. ,
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 and
to the duly qualified resident electors of said City , for
their action thereupon, the following propositions , to-wit :
PROPOSITION I
SHALL THE CITY COUNCIL OF THE CITY OF HUNTSVILLE,
TEXAS, BE AUTHORIZED TO ISSUE THE BONDS OF SAID
CITY IN THE MAXIMUM AMOUNT OF $500 ,000 , MATURING
SERIALLY, IN SUCH INSTALLMENTS AS ARE FIXED BY
SAID BOARD OVER A PERIOD OR PERIODS NOT EXCEEDING
FORTY ( 40) YEARS FROM THEIR DATE OR DATES , BEARING
INTEREST AT ANY RATE OR RATES AND TO SELL SAID
BONDS AT ANY PRICE OR PRICES , PROVIDED THAT THE
NET EFFECTIVE INTEREST RATE, AS DEFINED BY ARTICLE
717k-,2 , VERNON'S TEXAS CIVIL STATUTES, AS AMENDED,
ON ANY ISSUE OR SERIES SHALL NOT EXCEED TEN PERCENT
a (10%) PER ANNUM, ALL AS MAY BE DETERMINED BY THE
CITY COUNCIL OF SAID CITY FOR THE PURPOSE OF CON-
STRUCTING PERMANENT PUBLIC IMPROVEMENTS, TO-WIT :
CONSTRUCTING AND IMPROVING THE ROADS , BRIDGES AND
STREETS OF SAID CITY, INCLUDING RELATED DRAINAGE
FACILITIES; 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 THEY MATURE?
i
PROPOSITION II
SHALL THE CITY COUNCIL OF THE CITY OF HUNTSVILLE,
TEXAS, BE AUTHORIZED TO ISSUE THE BONDS OF SAID
CITY IN THE MAXIMUM AMOUNT OF $100 ,000 , MATURING
SERIALLY, IN SUCH INSTALLMENTS AS ARE FIXED BY
SAID BOARD OVER A PERIOD OR PERIODS NOT EXCEEDING
FORTY (40) YEARS FROM THEIR DATE OR DATES, BEARING
INTEREST AT ANY RATE OR RATES AND TO SELL SAID
BONDS AT ANY PRICE OR PRICES, PROVIDED THAT THE
NET EFFECTIVE INTEREST RATE, AS DEFINED BY ARTICLE
717k-2 , VERNON'S TEXAS CIVIL _STATUTES, AS AMENDED,
ON ANY ISSUE OR SERIES SHALL NOT EXCEED TEN PERCENT
(10% ) PER ANNUM, ALL AS MAY BE DETERMINED BY THE CITY
COUNCIL OF SAID CITY FOR THE PURPOSE OF CONSTRUCTING
AND ACQUIRING PERMANENT PUBLIC IMPROVEMENTS , TO-WIT:
CONSTRUCTING AND EQUIPPING A FIRE STATION; 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 THEY MATURE?
Section 2: That the entire City shall constitute one
election precinct, and said election shall be held at the
Huntsville Fire Department Building, 1226 14th Street ,
within said City , and the following named persons are
appointed officers of said election, to-wit :
Mr . Lloyd Martin Presiding Judge
I
Mrs . Margie Ray Assistant Judge
Section 3 : That voting in said election shall be
by the use of paper ballots which shall conform to the
requirements of the Election Code of the State of Texas ,
and have printed thereon the following:
OFFICIAL BALLOT
PROPOSITION I
[ ] FOR THE ISSUANCE OF $500 ,000 STREET
[ ] AGAINST IMPROVEMENT BONDS
PROPOSITION II
[ ] FOR THE ISSUANCE OF $100 ,000 FIRE
[ ] AGAINST STATION BONDS
The voter shall vote on each proposition by placing
an "X" in the square beside the statement indicating the
3
way he wishes to vote .
Absentee voting shall be conducted by the Clerk for
Absentee Voting, namely , Frank Robinson, Jr. , -Aig:sistant
City Secretary , and the place at which the absentee voting
shall be conducted is designated as the Office of the City
Secretary in the City Business Office in Huntsville , Texas ,
which is also the Absentee Voting Clerk ' s mailing address
to which ballot applications and ballots voted by mail may
be sent . Said Clerk shall keep said office open for at
least eight ( 8) hours , that is , from 8 : 00 a.m, to 5 : 00
p .m. on each day for absentee voting which is not a Saturday ,
a Sunday , or an official State holiday ,
Section 4 : That the election shall be held and
conducted and returns made to this City Council in accor-
dance with the Election Code of the State of Texas .
Section 5 : It is hereby found that recent decisions
of the Supreme Court of the United States of America may
have created uncertainty as to the lawful manner of calling
and conducting said election; therefore , said election shall
be called , held and conducted as two separate but simultaneous
elections , to-wit : one election at which only the resident ,
qualified electors of the City who own taxable property
within the City and who have duly rendered the same for
taxation shall be entitled to vote on the proposition and
another election at which all resident , qualified electors
of the City shall be entitled to vote on the proposition.
The votes cast at each of said separate but simultaneous elec-
tions shall be recorded, returned, and canvassed separately ,
Section 6: Notice of said election shall be given
by posting a copy of a notice containing a substantial
copy of this resolution at the City Business Office , at
the City Hall , and at one other public place within said
City , not less than fourteen (14) days prior to the date
upon which said election was to be held and by publica-
tion of said notice on the same day in each of two consecu-
tive weeks in The Huntsville Item, a newspaper published in ,
jand of general circulation within, the City of Huntsville ,
Texas , the first of said publications to be made not later
than fourteen (14) days prior to the date set for said elec-
tion.
PASSED AND APPROVED this 14th day of September, 1971.
/s/ Marion A. King
Mayor Pro-Tem , City of HuntsvillW Texas
ATTEST ;
: C/' o m n
�/j Yee ldon
City Secretary, City of Huntsville ,
Texas