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Home My WebLink AboutORD 43-AAA 2ok A -A AN ORDINANCE ENTITLED AN ORDINANCE ORDERING AN ELECTION TO BE HELD IN THE CITY OF BEAUMONT, TEXAS, ON THE jlq'DAY OF AUGUST, 1956, TO DETERMINE WHETHER OR NOT THE CITY COUNCIL OF THE CITY OF BEAUMONT SHALL BE AUTHORIZED TO ISSUE WATERWORKS SYSTEM REVENUE BONDS IN THE MAXIMUM -AMOUNT OF $6,675,000 FOR THE PURPOSE OF IMPROVING. AND EXTENDING THE -CITY'S EXISTING WATERWORKS -SYSTEM; MAKING CERTAIN FINDINGS AS TO THE ADVISABILITY AND NECESSITY OF ISSUING SAID BONDS; NAMING THE -TIME -AND PLACES OF HOLDING SAID ELECTION AND APPOINTING OFFICERS THEREOF; PROVIDING THE MANNER OF HOLDING SAID -ELECTION -AND GIVING NOTICE THEREOF. WHEREAS, the City Council of the City of Beaumont, Texas, has found and determined, and hereby finds and determines, that in the public interest it is necessary, expedient, and advisable to issue serial revenue bonds of said City to improve and extend the City's Waterworks System, to protect the properties of the people of the City of Beaumont, and to protect the.health and welfare of its inhabitants; and WHEREAS, the City Council finds that it is necessary in the public interest to proceed with ordering an election for the issuance of $6,675,000 waterworks system revenue bonds for said purposes; and WHEREAS, it is recognized that there are outstanding waterworks system revenue bands, dated September 1, 1947, payable from the net revenues of said system, and that additional revenue bonds cannot be issued unless either consent of the holders of said outstanding bonds is obtained, or said outstanding bonds are retired or refunded; and WHEREAS, said consent will be obtained or said outstand- ing bonds will be retired or refunded either prior to or simul- taneous with the issuance of said $6,675,000 additional bonds; therefore BE IT ORDAINED BY THE CITY OF BEAUMONT SECTION I That an election be held in the City of Beaumont, Texas, on the l -`j 'o day of August, 1956, which is not less than 15 nor more than 30 days from the date of paBage of this ordinance, at which election the following proposition shall be submitted to the resident qualified electors of said City who own taxable property within said City and who have duly rendered the same for taxation, for their action thereupon, to -wit: PROPOSITION SHALL THE CITY COUNCIL OF THE CITY OF BEAUMONT, TEXAS, BE AUTHORIZED.TO ISSUE THE -REVENUE BONDS OF SAID CITY IN.THE-MAXIMUM AMOUNT OF 6,675,000 MATURING SERIALLY WITHIN 15 YEARS -FROM -THEIR DATE OR DATES, AND BEARING INTEREST AT A RATE NOT TO EX- CEED 5% PER -ANNUM, -FOR THE PURPOSE OF IMPROVING AND EXTENDING THE CITY'S -EXISTING WATERWORKS SYSTEM; SAID BONDS TO BE ISSUED -IN ACCORDANCE WITH -AND . SECURED IN THE MANNER PROVIDED IN ARTICLES 1111 TO 1118, BOTH INCLUSIVE, VERNON'S TEXAS CIVIL STATUTES, AS AMENDED, AND.TO SECURE THE PAYMENT OF THE - INTEREST.ON SAID.BONDS.AS IT ACCRUES AND THE PRIN- CIPAL OF SAID.BONDS.AS IT MATURES BY PLEDGING THE NET REVENUES -FROM -THE OPERATION OF THE CITY'S WATERWORKS SYSTEM;.EACH BOND TO BE CONDITIONED THAT THE HOLDER THEREOF SHALL NEVER HAVE THE RIGHT TO DEMAND PAYMENT OF SAID OBLIGATIONS OUT OF -ANY FUNDS RAISED OR TO BE RAISED BY -TAXATION? The probable period of usefulness of the improvements for which this bond fund shall be expended is more.than fifteen (15) years. SECTION II That said election shall be held in the following voting precincts of the City of Beaumont, and the following -named persons are hereby appointed judges of said election, with author- ity to select their clerks and assistants: Precinct No. 1 At the Edwards School Building; and said election shall be conducted at said voting box by Mrs. C. C. Moore, Judge. Precinct No. 2 At the French High School Building, and said election shall be conducted at said voting box by Jack Folmar, Judge. Precinct No. 3 At the French Elementary School Building, and said election shall be conducted at said voting box by T. B. Hensley, Judge. Precinct No. 4 At the Longfellow School Building, and said election shall be conducted at said voting box by Albert Henry, Judge. Precinct No. 5 At St. Anne's School Building, and said election shall be conducted at said voting box by Mrs. W. T. McNeill, Judge. Precinct No. 6 At the Beaumont High School Building, and said election shall be conducted at said voting box by Spencer Blain, Judge. Precinct No. 7 At the Averill School Building, and said election shall be conducted at said voting boitby C. L. Rutt, Judge. Precinct No. 8 At the Junker School Building, and said election shall be conducted at said voting box by Mrs. James E. I Ray, Judge. Precinct No. 9 At the Millard School Building, and said election shall be conducted at said voting box by Miss Dolores Lawless, Judge. Precinct No. 10 At the Dick Dowling Junior High School Building, and said election shall be conducted at said voting box by D. H. Barnes, Judge. Precinct No. 11 At the Jefferson County Courthouse, and said election shall be conductdd at said voting box by Tobe Hahn, Judge. Precinct No. 12 At the George Washington Carver School Building, and said election shall be conducted at said voting box by Irl. W. Como, Judge. Precinct No. 13 At the Magnolia School Building, and said election shall be conducted at said voting box by E. A. Godwin, Judge. Precinct No. 14 At the Ogden School Building, and said election shall be conducted at said voting box by O. A. Ernest, Judge. Precinct No. 15 At the David Crockett Junior High School Building, and said election shall be conducted at said voting box by H. A. McDonald, Judge. Precinct No. 16 At the Fletcher School Building, and said election shall be conducted at said voting box by Charles H. McDonough,�Judge. Precinct No. 17 at Farm Machinery Co., Inc. 4530 College Street, and said election shall be conducted at said voting box by Mrs. D. B. Eberhard, Judge. Precinct No. 18 At the Hebert School Building, and said election shall be conducted at said voting box by A. L. Price, Judge. �3 ,4 /q Precinct No. 19 At the Giles School Building, and said election shall be conducted at said voting box by Ray V. Watson, Judge. Precinct No. 20 At the L. R. Pietzsch School. Building, and said election shall be conducted at said voting box by Mrs. J. C. Burkhart, Judge. Precinct No. 21 At the South Park High School Building, and said election shall be conducted at said -voting box by G. W. Glezen, Judge. SECTION III That said election shall be held in accordance with the Constitution and general laws of the State of Texas, and only duly qualified resident electors of said City who own taxable property within said City and who have duly rendered the same for taxation shall be qualified to vote. SECTION IV That the ballots of said election shall conform to the requirements of Chapter 6 of the Election Code of the State of Texas, Chapter 492, Acts of the 52nd'Legislature of Texas, 1951, and shall have printed thereon the following: OFFICIAL BALLOT FOR THE ISSUANCE OF WATERWORKS SYSTEM REVENUE BONDS AGAINST THE ISSUANCE OF WATERWORKS SYSTEM REVENUE BONDS Voting on said proposition shall be by voting machines, and each voter desiring to vote in favor of the proposition shall pull the voting pointer down indicating "For" such proposition, and each voter desiring to vote against such proposition shall pull the voting pointer down indicating "Against" such proposition. Absentee votes shall also be cast by voting machine at the office of the City Clerk in the City Hall in the City of Beaumont, Texas, and shall be accomplished as above provided. SECTION V That a copy of this ordinance, signed by the Mayor of the City of Beaumont and attested by the City Clerk shall serve as proper and sufficient notice of said election, and the Mayor is hereby directed to cause one of each of said notices to be posted at a public place in each of the election precincts within said City and at the City Hall, such posting to be not less than 14 full days prior to the date set for said election, and he shall further cause said notice to be published on the same date in each of two (2) successive weeks in a newspaper of general circulation published within said City, the date of the first publication to be not less than 14 full days prior to the date set for said election. SECTION VI That if said proposition is approved by a majority vote of the electors voting at said election, the same will constitute an approval of the authority of the City Council to issue bonds to retire or refund the outstanding waterworks revenue bonds under any law of the State of Texas authorizing the same, including, but not limited to, Article 1118n-5, Vernon's Texas Civil Statutes, as amended in 1955• c Y SECTION VII That this ordinance shall take effect from and after the date of its passage. dl� PASSED this 3, day of 1956, by a majority vote of the City Council of the City of Beaumont, Texas. APPROVED this 3 day o -f JV -11 ' , 1956. a -^or, City of Beaumont, Texas ATTEST: ty Clerk of the City of Beaumont, Texas (SEAL)