HomeMy Public PortalAboutResolution No. 001-54 06-04-1954RESOLUTION # 1 - 1954
THE STATE OF TEXAS
COUNTY OF TARRANT
TOWN OF RICHLAND HILLS :
On this the day of Hay, 195+, the Town Council of the
Town of Richland Hills, Texas, convened in Regular Meeting, at the
Regular Meeting place, with the following members thereof, to -wit:
Homer Norton,
C. A. J. Smith,
Joe Martin,
Cecil Smith,
W. F. Owens,
Clayton Woodall,
being present, with the following absent:
Mayor,
Aldermen,
Town Secretary,
constituting a quorum, at which time thefollowing proceedings were had:
44:-� introduced a resolution and made a
Alderman ((6,ezr,,
motion that it be adopted. The motion was seconded by Alderman('-,,
The motion carrying with it the adoption of the resolution prevailed by the
following vote:
AYES: Aldermen C. A. J. Smith, Martin, Cecil Smith, Owens
and Woodall zrat
NOES: None.
The resolution as adopted is as follows:
RESOLUTION
BY THE TOWN COUNCIL OF THE TOWN OF RICHLAND
HILLS, TEXAS, CALLING AN ETJ CTION ON THE
QUESTION OF THE ISSUANCE OF $1,100,000.00
WATERWORKS SYSTEM REVENUE BONDS.
WHEREAS, the Town Council of the Town of Richland Hills, Texas,
deems it advisable to issue the bonds of said Town for the purposes hereinafter
mentioned;
HILLS, TEXAS:
BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF RICHLAND
1. That an election be held in said Town of Richland Hills,
on the 213t day of June, 195+, at which election the following proposition
shall be submitted:
"Shall the Town Council of the Town of Richland Hills, be
authorized to issue the bonds of said Town in the amount of
4,100,000.00, maturing in such installments as may be fixed by
the Town Council, the maximum maturity being not more than Thirty
Five (35) years from their date, bearing interest at a rate of
not to exceed Four and one-half (4-1/2%) per cent per annum, for
the purpose of purchasing, improving and extending a Waterworks
System for said Town, to be issued in accordance with and secured
in the manner provided in Articles 1111-1118, both inclusive, of
the Revised Civil Statutes of Texas, 1925, as amended, each bond
to be conditioned that the holder thereof shall never have the
right to demand payment of said obligation out of funds raised
or to be raised by taxation secured by a pledge of the net revenues
from the operation of said Waterworks System."
2. That said election shall be held at the —71,;]: 14/‘//
34 3 S— (/,4,vcb` 243/4
within said Town, and the following named persons are hereby appointed as
officers of said election, to -wit:
. }1, ,C of 4 e
Presiding Judge,
.; �C,!► yyP JA _ , Judge,
Clerk,
"M/1,4' 1 :? 1? 'y Clerk .
3. That said election shall be held under the provisions of
Chapter 1, Title 22 of the Revised Civil Statutes of Texas, 1925, as amended,
and only legally qualified electors who own taxable property in said Town
and who have duly rendered the same for taxation shall be qualified to vote.
4. The ballots of said election shall have written or
printed thereon the following:
"FOR THE ISSUANCE OF WAltRWORKS SYSTEM REVENUE
BONDS"
"AGAINST THE ISSUANCE OF WATERWORKS SYSTEM REVENUE
BONDS"
Each voter shall mark out with black ink or black pencil one
of the above expressions, thus leaving the other as indicating his vote on
the proposition.
5. A substantial copy of this resolution signed by the Mayor
of said Town and attested by the Town Secretary shall serve as proper notice
of said election. Notice shall be given in accordance with Article 704,
Revised Civil Statutes of 1925, as amended by Chapter 382, passed at the
First Called Session of the Forty Fourth Legislature, supra. The Mayor is
authorized and directed to have a copy of said notice posted at the Town Hall
and at two other public places within said Town not less than fifteen days prio
to the date fixed for holding said election. There being no newspaper publish-
ed within this Town, the Mayor shall cause said notice to be published on the
‘de
same day in each of two successive weeks in the "IIaltom City News", a newspaper
published within Tarrant County and having a general circulation in the Town
of Richland Hills. The date of the first publication shall be not less than
fourteen days prior to the date set for said election. Except as otherwise
provided in said Article 704, as amended, the manner of holding said election
shall be governed by the laws governing general elections.
44.o( fMe
ADOPTED AND APPROVED this the t day of 44ay, 1954.
ayor, Town of Richland Hills, Texas.
ATTEST:
Town Secretary, Town of Richland Hills,
Texas.
THE STATE OF TEXAS
COUNTY OF TARRANT
TOWN OF RICHLAND HILLS
I, the undersigned, Town Secretary of the Town of Richland
Hills, Texas, do hereby certify that the above and foregoing is a true, full
and correct copy of a resolution adopted by the Town Council of the Town of
Richland Hills, Texas, (and of the minutes pertaining thereto) on the -2 t
J✓y'C
day of 141m7, 1954, calling an election on the question of the issuance of
;1,100,000.00 Waterworks System Revenue Bonds, which resolution is of record
in the minutes of said Town Council.
EXECUTED UNDER MY HAND and seal of said Town, this the -121st
day of May, 1954.
Town Secretary, Town of Richland Hills,
Texas.
(SEAL)