38-14 R - Award Sale of Water Revenue Bonds to US Government KG--j?
THE STATE OF TEXAS .
COUNTY OF COLLIN
TOWN OF PROSPER :
On this llth day of October , A. D. 1938, the
Town Commission of the Town of Prosper , Texas , being in regular
session , at the regular meeting place , with the following members
thereof present , to-wit: U. N. Clary , Mayor, W. H. Field , and A.E.
Robison , Commissioners , and C. W. Harper , Town Clerk, with the
following absent; None , constituting a quorum, when among other
proceedings had were the following;
1,r Commissioner A. E. Robison introduced a resolution 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 : Commissioners W. H. Field.
and A. E. Robison, and Mayor U. N. Clary. Noes; None. The resolu-
tion is as follows:
RESOLUTION
WHEREAS , the Town Commission , of the Town of Prosper , has
by ordinance dated the 22nd day of September , A. D. 1938 , authorized.
the issuance of Town of Prosper, Texas , Water System Revenue Bonds ,
try Series 1938, of said Town , for the purpose of purchasing a water
works plant and making repairs , extensions and imnrovements thereto;
and ,
WHEREAS ; pursuant to staid ordinance , said bonds have been
issued and approved by the Attorney General of the State of Texas ,
and registered by the Comptroller; and ,
WHEREAS , the Town Commission of the Town of Prosper , Texas ,
has received an offer of the United. States of America , through
the Federal Emergency Administration of Public Works , to purchase
said bonds to the extent and amount of "10,000.00 at par value
thereof , at a price of par , plus accrued interest to date of their
111,1 delivery; and ,
WHEREAS , the Town Commission has endeavored to obtain a higher
bid from other sources for said bonds.; and ,
WHEREAS , the offer of the United States of America, through
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the Federal Emergency Administration of Public Works , for said bonds ,
constitute the highest and best bid which has been received..
Now, therefore , be it resolved by the Town Commission of the
Torn of Prosper , Texas:
1. That the offer of the United States of America of par and
accrued interest to date of delivery constitutes the best and highest
bid received by the Town for said bonds.
2. That said bonds be , and they are hereby awarded to the
United States of America , in accordance with the terms of the offer
460 made and duly accepted by this Town; said bonds being described as
follows:
Amount of bonds: $10,000. 00
Denomination: $100.00 and $"500. 00
Date of bonds: August 1st , 1938.
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Purpose: Purchasin :_ a water works plant end making
repairs , extensions and improvements thereto.
Interest : 4% per annum, payable semi-annually on August
lst and February 1st in each year after date.
BOND NUIBERS I:ATURITY DATES AiL,OUNT EACH BOND
1 and 2 August 1st , 1942 $100.00
3 and 4 August 1st , 1943 100.00 '
5 , 6 and 7 August 1st , 1944 100.00
8, 9 and 10 August 1st , 1945 100.Q0 4
11 August 1st , 1946 500.00
12 August 1st , 1947 500.00
13 August 1st , 1948 500.00
14 August let , 1949 500.00
15 August 1st , 1950 500.00
16 August 1st , 1951 500.00
17 August 1st , 1952 500.00
18 August 1st , 1953 500. 00
19 August 1st , 1954 500. 00
20 August 1st , 1955 500.00
21 August 1st , 1956 500.00
. 22 August 1st , 1957 500.00
23 August 1st , 1958 500.00
24 August 1st , 1959 . 500.00
25 and 26 August let , 1960 500.00
27 and 28 August lst , 1961 500.00
3. That the Mayor and Town Clerk be , and they are hereby auth-
orized and directed to do all things necessary and convenient to
4604 carry out the terms of the purchase of said bonds and the accomplish-
ment of delivery of said bonds to the United States of America.
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4. That the remainder of said series of bonds , that is:
BOND NUIBERS MATURITY DATES Ai"OUNT EACH BOND
29 and 30 August 1st , 1962 $500,00
31 and 32 August 1st , 1963 500. 00
be not offered for sale at this time , but that the same be held in
the Treasury of the Town of Prosper until by resolution of the Board
of Commissioners their sale be directed.
Passed and annroved this the 11th day of October
A. D. 1933.
Mayor, Town of Pr•osne , Texas.
ATTEST:
✓ r�
T-, :1 Clerk, Z3 n f Prosner , Texas .
(SEAL)
THE STATE OF TEXAS :
COUNTY OF COLLIN \oh,
TOWN OF PROSPER :
I , C. Harper, Town Clerk of the Town of Prosper, Texas , do
IL; hereby certify that the above and foregoing is a true and correct
copy of a resolution adopted by the Town Commission of the Town of
Prosper , Texas , at a regular session , with all members thereof nre-
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sent , and the minutes pertaining to its adoption, and that said reso-
lution has been duly recorded in the Minutes of the Town of Prosper,
Texas.
Witness my hand and the seal of said Town , this the llth
day .of October , A.D. 1938.
, n cf Prosner , Texas.
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