HomeMy WebLinkAboutOrdinance 8078y~r,.. ~ ,;,-~i, ~~
ORDINANCE NO
AN ORDINANCE CANVASSING ELECTION RETUP~NS
DECLARING THE RESUI~TS OF SAID ELECTION
DECLARING AN ET~IERGENCY WITH RESPECT TO
THE SALE OF THE PROPOSED BONDS AND
PROVIDING AN EFFECTIVE DATE
WHEREAS the City Counci]_ of said City ordered an election
to be held in said City on April 5 1980 on the Proposition
hereinafter stated and
WHEREAS said City Council has investigated all matters
pertaining to said election including the ordering giving
notice officers holding and making returns of said election
and
WHEREAS the election officers who held said election have
duly made the returns of the result thereof and said returns
have been duly delivered to said City Coiznci_1 NOW THEREFORE
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT
WORTH TEXAS
SECTION 1
That the City Council officially finds and determines that said
election was duly ordered that proper notice of said election was
duly given that proper election officers were duly appointed prior
to said election that said election was duly held that the City
has complied with the Federal Voting Rights Act and Article 1 108
of the Texas Election Code that due .returns of the result of said
election have been made and delivered and that the City Council has
duly canvassed said returns all in accordance with law and the
Ordinar~e calling said election
SECTION 2
That the City Council officially finds and determines that the
following votes were cast at said election on the submitted Propo-
sition by the resident qualified electors of said City who voted
at the election
PROPOSITION
7,652 VOTES FOR ) SHALL THE CITY OF FORT WORTH
TEXAS THP,OUGH ITS CITY COUNCIL
ISSUE ITS NEGOTIABLE COUPOTJ
BONDS IN THE PRINCIPAL SUM OF
FORTY-SEVEN MILLION EIGHT
HUNDRED AND THIRTEEN THOUSAND
DOLLARS ($47 813 000) FOR THE
PURPOSE OF MAKING PERMANENT
CITY IMPROVEMENTS BY CONSTRUCTING
IMPROVING AND EXTENDING THE
STREETS THOROUGHFARES AND STORM
DRAINS OF SAID CITY INCLUDING
IN SUCH PERMANENT PUBLIC IMPP.OVE-
MERITS THE STRAIGHTENING WTDENING
PAVING GRADE SEPARATION LIGHT-
) IPdG AND DRAINAGE OF SAID STREETS
AND THOROUGHFARES AND ACQUIRING
THE NECESSARY LANDS THEREFOR SAID
BONDS BEING PAYABLE St?RIALL Y AS
MAY BE DETERR'II1`l }D BY THE C ITY
COUNCIL S0 THAT THE LAST MATURING
BONDS SHALL BECOME PAYABLE WITHIN
FORTY (40) YEARS FROM THE DATE
f
X426 VOTES AGAINST
THEREOF BEARING INTEREST
AT A RATE NOT TO EXCEED THE
MAXIMUM PRESCRIBED BY LAW AT THE
TIME OF THE ISSUANCE THEREOF
PAYABLE SEMIANNUALLY AND LEVY A
SUFFICIENT TAX TO PAY THE INTEREST
ON SAID BONDS AND CREATE A
SINKING FUND SLIFFICIEIQT TO REDEEM
SAID BONDS AT THE MATURITY
THEREOF?
SECTION 3
That the City Council officially finds determines and
declares the result of said election to be that the Proposition
so submitted has received a favorable r~lajority vote in all respects
and has carried and that the aforesaid bonds may be issued in
accordance with law
SECTION 4
That it is hereby officially found and determined that a
case of emergency or urgent public necessity exists which requires
the holding of the meeting at which this Ordinance is passed such
emergency or urgent public necessity being that the proceeds from
the sale of the proposed bonds are required as soon as possible and
without3elay for necessary and urgently needed public improvements
and that said meeting was open to the public and public notice of
the time place and purpose of said meeting was given all as
required by Vernon s Ann Civ St article 6252-1.7 as amended
SECTION 5
Thrt
and effect
ordained
(SEAL)
ATTEST
e~
i Secretary City o
rt Worth Texas
.~ ~ . ~-
Mayor~i~y -off ort Worth Texas
APPROVED AS TO FORM AND LEGALITY
`~ a
City Atto ney City o~
Fort Worth Texas
this ordinance shall take effect and he in full force
from and after the date of its passage a.nd it is so
ADOPTED. G~-,~~- ~ , / ~ ~ y
EFFECTIVE