1253 ORD CALLING ELECTION ON PROPOSITION OF ISSUANCE OF $150,000 WATERWORKS IMPROVEMENT AND EXTENSION REVENUE BONDSr _ _ a
ORDIIdANCE N0, ~ 1253'
B7C THE CITY CJDUNCZL OF THE CITY OF PARIS, TEXAS,
CALLING A1V ELECTION ON THE PROPOSITION OF THE
ISSIIANCE OF $150,000,00 WATERWORKS IMPftOVEMT
AND EX`I'ENSION REVENUE BONDS AIdD ON THE PROFOSITION
OF THE ISSUANCE OF $400,000,00 FOR SEWER IMPROVE+IEAIT
AND EXTENSIOIJ REVENUE BONVS.
WHEREAS, the City Council of the City of Paris, Texas, deems
it advisable to issue the bonds of said City for the purposes hereinafter
mentioned;
BE IT ORDAIItiiED 3Y THE CITY COUATCIL OF THE CITY OF PARIS), `i'EXAS:
la That an election be held in said City of Paris, Texas, on
the 30th da9 of October, 1951, at which election the following propositions
shall be submitted:
PROFOSITION N0, 1
"Shall the City Council of the City of Paris, Texasp
be authorized to issue the borrls of said City in the amount of
$150.,000.001 maturing serially in such installraents as may be
fixed by the City Council, the maxim~um raaturity being not more
than Twenty Five (25) years from their date, bearing interest
at a rate not to exceed Three and One-half (30) per cent per
annum., for the purpose of improving and extending the City's
Waterworks System, to be issued in accordance with and secured
in the manner provided in Articles 1111-1118, both inslusive.,
of the Revised Civil Statutes of Texas, 1925, as amended, e ach
bond to be conditioned that the holder thereof shall never have
the right t o demand payment of said obligation out of funds
raised or to be raised by taxation, secu red by a pledge of tYe
net revenues froan the operation of said Waterworks System, and
if the Sewer Improvement and Extension Revenue Bonds are voted
as provided in Proposition No, 2, to be secured additionally by
a pledge of the net revenues from tYe operation of said Sewer
System. The probable period of usefulness being 50 years,"
PROPOSITION N0, 2
"Shall the City Council oP the City of Paris, Texas, be
authorized to issue the bonds of said City in the amount of
$400,000.00., maturing serially in such installments as may be
fixed by the City Council, the maximum maturity being not more
than Twenty Five (25) years from tYbeir date,bearing interest
at a rate not to exceed Three and One-half (30) per cent per
annum, for the purpose of improving and extending the City's
Sewer System, to b e 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 paynent of said obligations out of Punds raised or to
be raised by taxation, secured by a pledge of the net revenues
from the operation of the Sewer Systen, and if the Waterworks
Improvement and Extensioh Revenue Bonds are voted as provided i.n
groposition Noo l, to be secured additionally by a pledge of the
net revenues from the operation of said Waterworks System. The
probable period of usefulness being 50 years."
dh a
2, That said election shall be held at the following places
within said City, and the following named pQrsons are hereby appointed diree-
tors of said election, towit:
In Ward No, 1 at Cent ra]. Fire Station, with the following directors:
J. Richard Hutchison~ Presiding Judge,
Mrs. R. C. Bearden, Judge,
Mrs. L. B. Killebrew, Clerk,
Mrs. Jack T. Aclams, Clerk,
In Ward No. 2 at Grard Hotel, Grand Avenue., with the following
directors:
Mrs. Hugh Collins, Presiding Judge,,
Mrso ELmr Dement, Judge,
Hugh Collins, Clerk,
Mrs. Bertha Hodges, Clerk,
In Ward No. 3 at Ba.sement., Lamar County Courthouse, with the
following directors:
J. M. Braswell, Presiding Judge,,
Mr.s, Gaither Rodgers., Judge,
rirs. Charlos Roach, Clerk,
Mrs. E. H. Conway, Cle rk.
In Ward No, 4 at Paris High School Gymnasium, with the following
directors:
Mrs. J. M. Cross, Presidirg Judge,
mrs. R. K. ftecord, Judge.,
J. A. Lilla rd, Cle rk.,
Mrs. Collins James, Clerk.
3. The said election shall be held under the provisions of Chapter
1. Title 22, of the Revised Civil Statutes of 1925, as amended, inc:Luding
the provisions of Article 704, as auaended, and only legally qua.lified
electors who awn taxable property in the City and who have duly rendered the
same for taxation shall be qualified to voteo
k, The ballots of said election shall have written or printed
thereon the follororing:
PR7POSITION NOa 1
"FOR THHF„ ISSUANCE UF WATEFtWORKS IMPROVEMENT AND
EX`i'EIvSION REVENUE BONDS"
"AGAIAIST THE ISSUANCE OF WATERWORKS IMPROM9ENT
AND EXTENSION REVENUE BONDS"
PROP6SITION N0. 2
"FOR THE ISSUANCE OF SEWER IMFROVEMENT AND EXTENSION
FiEVENUE BOND&,n
"AGAINST THE ISSUANCE OF SEWER IN.:°ROVEMENT AND EX-
TENSION REVENUE; BONDS"
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Concerning each of said propositions, each voter shall mark out
with black ink or black pencil one of the above escpressions, thus leaving the
other as indicating his vote on the proposition„
5. A substantial copy of this ordinance signed by the Mayor of
said City and attested by the City Clerk shall serve as proper notice of said
election. Notice shall be given in accordance with Article 704, Revised Civil
Statutes of 1925, as amended, The Mayor is authorized and dire cted to have
a copy of said notice posted at the City Hall in said City and at each of the
voting places within said City, not less than fifteen days prior to t,he date
fixed for holding said election. He shall also cause said notice to be
published on the sane day in each of two guccessive weeks in a newspaper of
general circulation published within said City, the date of the first publica.-
tion to be mt less than fourteen days prior to the date set for said election.
Except as ol:herwise provided in said Article 704, as amended, the manner of
holding said election shall be gower:led by the laws governing general electionso
ADOPTED AND APPROVED this the 6th day of October, 19519
✓ ~L".
Mayor, City of Paris, Texas.
ATTEST:
fi
City Clerk, City of Paris, Texas.