38-05 R - Calling August 1938 Bond Electiontw
THE STATE OF TEXAS
COUNTY OF COLLIE
TOWN OF PROSPER
ELECTION ORDER
On this, the 2 8' day of July, 1938, the Board of Town
Commissioners of the Town of Prosper, Texas, convened in regular
session, at the regular meeting place, with the following members
thereof, to -wit:
`, U. N. Clary
Mayor
W. H. Field
A. E. Robison
Commissioners
C. W. Harper
Town Clerk
present, and the following absent: None, constituting a quorum,
when, among other proceedings had, were the following:
Commissioner A. E. Robison introduced a resolution and order
and moved its adoption. The motion was seconded by Commissioner
W. H. Field.
The motion carrying with it the adoption of the resolution
and order, prevailed by the following vote:
AYES: Commissioner A. E. Robison, Commissioner W. H. Field
and Mayor U. N. Clary.
NOES: None.
The resolution and order is, as follows:
3.
. A
-1f-
RESOLUTION AND ORDER
BY THE BOARD OF COMMISSIONERS OF THE TOWN OF
PROSPER, TEXAS, CALLING AN ELECTION ON THE
QUESTION OF THE ISSUANCE OF TWELVE THOUSAND
($12,000.00) DOLLARS REVENUE BONDS FOR THE
PURPOSE OF PURCHASING A WATER WORKS PLANT AND
MAKING CERTAIN REPAIRS, EXTENSIONS AND IMPROVE-
LIENTS TO SUCH SYSTEM AND THE PLEDGING OF THE
REVENUES OF THE SYSTEM TO THE PAYMENT THEREOF,
` WHEREAS, there is necessity for the purchase of a water works
Plant and making certain repairs, extensions and improvements there-
to, to be used as a water system in and for the Town of Prosper,
Texas; and
WHEREAS, it is considered to be to the best interest of the
Town that such purchase and repairs, extensions and improvements be
financed by the issuance of Revenue Bonds, payable solely from and
secured by an exclusive first lien on and pledge of the revenues of
such water works system of said Town, after deduction of reasonable
operation and maintenance expenses, all in accordance with the pro-
visions of Articles 1111 - 1118, both inclusive, of the 1925 Revised
Civil Statutes of Texas, as amended, and in no wise supported by an
ad valorem or other tax on property in the Town; and
WHEREAS, the Town Commission deems it necessary and proper
that the question of the issuance of such revenue bonds and the
pledging of such revenues be submitted to the qualified electors
of said Town,
THEREFORE, BE IT RESOLVED AND ORDERED BY THE
BOARD OF COMMISSIONERS OF THE TOWN OF PROSPER,
TEXAS:
1, That an election be held on the day of August, 1938,
at which election the following proposition shall be submitted:
"Shall the Board of Commissioners of the Town of Prosper,
Texas, be authorized to issue Twelve Thousand (412,000.00) dollars,
4.
revenue bonds of said Town, maturing serially over a period of
years not to exceed Twenty five (25), bearing interest at the rate
of four (4%) per centum per annum, payable semi-annually, for the
purpose of purchasing a water works plant and making repairs, ex-
tensions and improvements thereto; and to provide for the payment
of principal and interest on said bonds by pledging the net revenues
from the operation of said water works system."
2. That said election shall be held at the
within
said Town, and the following named persons are hereby appointed man-
agers thereof, to -wit:
Presiding Judge,
Judge,
`1Y�h Jv9 n•C)1N, S Clerk,
YVWa 7L •I�. Clerk.
3. That said election shall be held under the provisions of
and in accordance with the laws governing the issuance of municipal
bonds in cities, as provided in the General Laws of the State of
Texas, and only qualified electors, who own taxable property in the
Town and who have duly rendered the same for taxation, shall be
qualified to vote.
All voters, who favor the proposition to issue the said bonds,
shall have written or printed on their ballots the following words:
"FOR THE ISSUANCE OF WATER WORKS REVENUE BONDS, AND THE PLEDG-
ING OF THE REVENUES OF THE WATER WORKS SYSTEM TO THE PAYP;IENT
THEREOF."
And those opposed to the proposition to issue the said bonds
shall have written or printed on their ballots the words:
"AGAINST THE ISSUANCE OF WATER WORKS REVENUE BONDS, AND THE
PLEDGING OF THE REVENUES OF THE WATER WORKS SYSTEM TO THE
PAYMENT THEREOF."
4. That a copy of this resolution and order, signed by the
Mayor of said Town and attested by the Town Clerk, shall serve as
proper notice of said election.
• n
4W
The Mayor is authorized and directed to cause this notice of
the election to be posted at three public places within said Town,
one of which shall be at the Prosper State Bank Building, which is
used as the Town Hall and is the regular meeting place of the Board
of Commissioners, for at least fourteen full days prior to the date
of said election.
5. The Board of Commissioners here finds that no newspaper
is published within the Town of Prosper and therefore notice of
election shall be by posting only. 9 pp_O
�W Passed and approved this the / 0 day of July, 1938.
1
I
Mayor, Town of os �' Texas.
ATTEST:
Tow? le , Tow of Prosper, Texas.
6.
C"j 1'
\7
LM
AFFIDAVIT OF POSTING
STATE OF TEXAS .
COUNTY OF COLLIN :
TOWN OF PROSPER :
BEFORE TAE, the undersigned authority, personally
appeared 0. W. Harper,' who after being by me duly sworn, upon
oath says:
1., That he posted a true and correct copy of the
election noticelhereto attached at each of the following places:
(a) One at Prosper State Bank Building
(b) One at High School Building
(c) One at Post Office.
2. That all of said notices were posted by me on
the'28th day of July, 1938, which. was not less than fourteen full
days prior to the date of the election.
3. That all of said places are public places within
the Town of Prosper, Texas.
SUBSCRIBED AND SWORN TO BEFORE ME, this the -day ofcc11 ,6�—, 1938.
Notary Public, Colli County, Texas.
A
AFFIDAVIT OF PUBLICATION
t (Unnecessary by reason notice given
4V
by posting.)
12.
9-
4
OFFICIAL BALLOT
FOR THE ISSUANCE OF GATES WORKS REVENUE BONDS, AND THE
PLEDGING OF THE SEMMES OF THE WATER WORKS SYSTEM TO
THE PAYMENT THEREOF.
AGAINST THE ISSUANCE OF WATER WORKS REVENUE BONDS, AND
THE PLEDGING OF THE REVEIUES OF THE WATER WORKS SYSTEM
TO THE PAYMENT THEREOF.
THE STATE OF TEXAS
THE TOWN OF PROSPER ;
1, C. W. Harper, Town Clerk of the Town of Prosper,
Texas, hereby certify that the above is a sample of the ballots ac-
tually used at the election for the issuance of the $12,000.00
bonds held on the 13th day of August, 1938.
(SEAL)
ToWn Ulery, Tpwnoaf Prosper, Texas.
.-4wo , -, X
4
40
4W
NOTICE OF WATER SYSTDT: REVENUE
BOND ELECTION.
THE STATE OF TEXAS
COUNTY OF COLLIN
TOWN OF PROSPER
1
TO THE RESIDENT, QUALIFIED, PROPERTY TAX PAYING VOTERS OF
THE TOWN OF PROSPER, TEXAS;
Take notice that an election will be held in the town of
Prosper, Texas, on the )'a day of August, 1938, on the propo-
sition and at the place more particularly set forth i�np the elec-
tion order adopted by the Town Commission on the �82 day of
July, 1938, which is as follows;
RESOLUTION AND ORDER
BY THE BOARD OF COINISSIONERS OF THE TOWN OF
PROSPER, TEXAS, CALLING AN ELECTION ON THE
QUESTION OF THE ISSUANCE OF TWELVE THOUSAND
($12,000.00) DOLLARS REVENUE BONDS FOR THE
PURPOSE OF PURCHASING A WATER WORKS PLANT AND
14AKING CERTAIN REPAIRS, EXTENSIONS AND ILLU'ROVE-
AM- NTS TO SUCH SYSTEM AND THE PLEDGING OF THE
REVENUES OF THE SYSTDA TO THE PAYIMENT THEREOF.
WHEREAS, there is necessity for the purchase of a water works
plant and making certain repairs, extensions and improvements there-
to, to be used as a water system in and for the Town of Prosper,
Texas; and
WHEREAS, it is considered to be to the best interest of the
Town that such purchase and repairs, extensions and improvements be
financed by the issuance of Revenue Bonds, payable solely from and
secured by an exclusive first lien on and pledge of the revenues of
such water works system of said Town, after deduction of reasonable
operation and maintenance expenses, all in accordance with the pro-
visions of Articles 1111 - 1118, both inclusive, of the 1925 Revised
Civil Statutes of Texas, as amended, and in no wise supported by an
ad valorem or other tax on property in the Town; and
a
0 Iti. .00
WHEREAS, the Town Commission deems it necessary and proper
that the question of the issuance of such revenue bonds and the
pledging of such revenues be submitted to the qualified electors
of said Town,
THEREFORE, BE IT RESOLVED AND ORDERED BY THE
BOARD OF COHBSISSIONERS OF THE TOWN OF PROSPER,
TEXAS:
1. That an election be held on they L day of August, 1938,
at which election the following proposition shall be submitted:
"Shall the Board of Commissioners of the Town of Prosper,
Texas, be authorized to issue Twelve Thousand ($12,000.00) dollars,
revenue bonds of said Town, maturing serially over a period of
years not to exceed Twenty five (25), bearing interest at the rate
of four (4,%) per centum per annum, payable semi-annually, for the
purpose of purchasing a water works plant and making repairs, ex-
tensions and improvements thereto; and to provide for the payment
of principal and interest on said bonds by pledging the net revenues
from the operation of said water works system.°
2. That said election shall be held at the
Pf within
said Town, and the following named persons are hereby appointed man-
agers thereof, to-a�i t:
`y�o , t, / Presiding Judge,
ct.l.r.. .U'n,nDy/�/)�, Judge,
Clerk,
Clerk.
3. That said election shall be held under the provisions of
and in accordance with the laws governing the issuance of municipal
bonds in cities, as provided in the General Laws of the State of
Texas, and only qualified electors, who own taxable property in the
Town and who have duly rendered the same for taxation, shall be
qualified to vote.
1
All voters, who favor the proposition to issue the said bonds,
shall have written or printed on their ballots the following words:
"FOR THE ISSUANCE OF WATER WORKS REVENUE BONDS, AND THE PLEDG-
ING OF THE REVENUES OF THE WATER WORKS SYSTEM TO THE PAYMENT
THEREOF."
And those opposed to the proposition to issue the said bonds
shall have written or printed on their ballots the words:
"AGAINST THE ISSUANCE OF WATER WORKS REVENUE BONDS, AND THE
PLEDGING OF THE REVENUES OF THE WATER WORKS SYSTU,,4 TO THE
`w PAYMENT THEREOF."
4. That a copy of this resolution and order, signed by the
Mayor of said Town and attested by the Town Clerk, shall serve as
proper notice of said election.
The Mayor is authorized and directed to cause this notice of
the election to be posted at three public places within said Town,
one of which shall be at the Prosper State Bank Building, which is
used as the Town Hall and is the regular meeting place of the Board
of Commissioners, for at least fourteen full days prior to the date
of said election.
5. The Board of Commissioners here finds that no newspaper
is published within the Town of Prosper and therefore notice of
election shall be by posting only. _
Passed and approved this the �� day of July, 1938.
Mayor,�6f Al is r, Texas.
ATTEST:
Town lerc, Tow osper, Texas.
Lqq