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Home My Public Portal AboutResolution No. 002-54 07-01-1954RESOLUTION # 2 - 1954 THE STATE OF TEXAS COUNTY OF TARRANT TOWN OF RICHLAND HILLS : On this the .L -day of % of the Town of Richland Hills, Texas, convened in , 1954, the Town Counci at the Regular Meeting �� Meeting, place, with the following members thereof, to -wit: Homer Norton, C. A. J. Smith, Joe Martin, Cecil Smith, Aldermen, W. F. Owens, Clayton Woodall, • Clayton Woodall, being present, with the following absent: (fir /%l /64 constituting a quorum, at which time the following proceedings were had: ---S/41/-7-iy introduced a resolution and made Alderman Mayor, Town Secretary, a 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, Marbil-m per-, s .;.� � �h, Owens and Woodall and Mayor Norton. NOES: None. The resolution as adopted is as follows: A RESOLUTION BY THE TOWN COUNCIL OF THE TOWN OF RICHLAND HILLS, TEXAS, CANVASSING RETURNS AND DECLARING RESULT OF AN ELECTION ON THE QUESTION OF THE ISSUANCE OF $1,100,000.00 WATERWORKS SYSTEM REVENUE BONDS. WHEREAS, heretofore on the 4th day of June, 1954, the Town Council of the Town of Richland Hills, Texas, adopted a resolution calling an election to be held in said Town on the 29th day of June, 1954, on the IOilQwing proposition: "Shall the Town Council of the Town of Richland Hills, be authorized to issue the bonds of said Town in the amount of $1,100,000.00, maturing in such installments as may be fixed by the Town Council, the maximum 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, 19�5, as amended, each bond to be conditioned that the holder thereof shall never have the right to demand payment of said obliga- tion 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." WHEREAS, said election was duly held at the time and place specified after due notice as required by law had been given by posting and publication; and WHEREAS, there were cast at said election the following votes: "FOR THE ISSUANCE OF WATERWORKS SYSTEM REVENUE BONDS„ ?).5 -Votes; "BONDSAGAINST THE ISSUANCE OF WATERWORKS SYSTEM REVENUE ' `- Votes; as is reflected in the election returns heretofore filed with the Town Secre- tary; and WHEREAS, only qualified taxpaying voters owning taxable property in said Town and who had duly rendered their property for taxation were allowed to vote; BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF RICHLAND HITJS, TEXAS: 1. That said election was duly called; that notice was given in accordance with law and in accordance with the resolution calling the election; that the election was held in accordance with law; that due return of said election has been made by the proper officers; that of the qualified voters who own taxable property in said Town and who had duly rendered the same for taxation and voted at said election, a majority voted in favor of the issuance of the bonds. 2. That the Town Council is in all things authorized to issue said bonds and to do any and all things necessary or convenient in connection therewith. P ,9 ADOPTED AND APPROVED this the /ST day of ,��K 1954. Mayor, 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 f L,li day of , 1954, canvassing returns and declaring result of 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. day of (SEAL) EXECUTED UNDER MY HAND and seal of said Town, this the f�� 1954. r( --T Town Secretary, Town of Richland Hills, Texas.