43-01 O - Destroying Unissued Water Revenue Bonds Mr-
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d71."
ORDINANCE NO. AND
MINUTES Pi '?TAI:IING TO
ITS ENACTMENT.
V..r
THE STATE OF TEXAS
COUNTY OF COLLIN
TOWN OF Prosper
On this, the 16th dezt of October, 1943 the City Com-
mission of the Town of Prosper, Texas, net in Special sesssion,
at the regular meetin plane, with the following members present;
U.N.Clary, Mayor
Roy Skelton, Commissiner
W.H.Field, Commissioner.
C.S1.liarper, Secretary.
and the following abesnt: None.,
when, among other preseedings had, were the following:
Commissioner R,y Skelton introduced a proposed ordinance
and moved its adoption.
Commissioner W.H.Field seconded the motion.
The motion, acrrying with it the enactment of the ordinance',
precailed by the following vote:
AYES. Commissioners, Roy Shelton, W.H.Field,
and Mayor U.N.Clary.
NOES: Nolte
The mayor thereupon declared that the ordinance had beem duly
eancted.
The ordinance is as fol_l;;ws;
ORDINANCE AUTHORIZING AND DIRECTING THE MAYOR AND THE TOWN
SECRETARY OF THE TOWN OF PROSPER, TEXAS! TO CREMATE CERTAIN D'?SCRIBED AUTHORIZED
EXECUTED AND UNSOLD BONDS OF TIE DOWN OF REROSPER, TEXAS: SPECIFYING THE
TIME WITHIN WHICH SUCH BONDS SHALL BE CREMATED: INSTRUCTING TIE MAYORAND
TOWN SECRETARY TO EXECUTE AN AFFIDAVIT CERTIFYING TO THE CREMATION OF THE
BONDS AND DECLARING AN EMERGENCY.
'..0
R. That the Mayor and Town Secretary are directed to cremate
such bonds on or before the 15th day of November, 1943, before
such disinter"steel wirhesses, and
3. That the Mayor, Town Secretary and the two disinterested
.oe-sons are hereby instructed to execute an affida.vir certifying to the
date and place of the drema.tion of the bonds des 'ribed herein and to furnish
the Town Commission and the present bondholder or VVoarlholders with such
properly executed and signed affidavit:
4. By reo.son of the fact that the Town Commission considers the
passage of this ordinabce necessary for the safety of the Town and its
citizens, it is hereby declared to be an emergency mea.sureddmanding that
the rule requiring ordinances to be read at more that one meeting of the
Town Commission before �-assage be dusnended and t at this ordinance take
effect i mediately from and rater its passage, and it is so ordained.
•PASSED AND APrROVED THIS 16th day of October, 1943.
FAYCR.
SEAL.
ATTEST:
TOWN SECRETARY.
o_WHEREaS, th- eualified voters of the Town of Prosper, Texas, by
vote authorized the issuance of $12,000 4% Waterworks Revenue Bonds,
Series 1938, for the purpose of making improverlents and extensions to the
;•rr terworks System, and
W:LERI+IAS, duly elected officials have executed and properly signed
bonds: atgregating .the total of the authorized issue , and
WIER+?AS, $10,000.00 principal of such authorized bonds were
sold and delivered to purchasers, and
WHEREAS,there remains in the possession of the Tow $2000. prin—
cipal amount of such authorized hands that are unissued and unsold, and
WHEREAS, it is considered by the Town Commission that the Town
will never have occasion to sell theseboncis, and
.,w WHEREAS, the Towrj Comm ission further considdrs it contrary to the
best interest of the Town to keep those bonds on hand whdech are subject to
being lost, stolen or mutilated:
NOW, THEREFORE,FOR+J, BE IT ORDAINDD BY THE TOWN COMI1ISSI°N OF THE
T-Wl'? OF PROSPER, TEXAS:
1. That the Mayor and Town Secretary are hereby authorized and
directed. to cremate, before two disinterested witnesses, the following
described bonds which are authorized but unsold and are in possession
of the Town at this time:
BOND NO. Date of Issue. K turity Date. Denomination. Rate of Interost
26 Aug. 1, 1938 Aug. 1, 1960 $ 500.00 44%
?8 Aug. 1, 1938 Aug. 1, 1961 500.00 30 Aug. 1, 1938 Aug. 1, 1962 500.00 4 %
32,
Aug. 1, 1938 Aug. 1, 1963 500.00 4%
(a) tTke face of the bonds are signed by
U.N.Clary, as Mayor,
C.W.Harper, as Town Clerk, and. C.W.Harper, as Town Treasurer
tb) The coupons bear the facsifile s gnatures of C.W.Harper
Town Clerk, and U.N.Clary, xx Mayor.
(c) All the bonds are certified to by State Comptroller, Geo. H. Sheppard,
as of November 4, 1938, under Register No. 18558.
(d) All of the bonds were issued by authority of an ordinance dated;,
August 15, 1938
.,t3..10.
TIM STATE OF TEXAS
COUNTY OF COLLIN.
BEFORE MP , the undersigned authority, a nOtary Public, inafid for,
Collin Countym Texaw, t'7is day appeared U.N.Clary and
C.W.Ha rner, known to me to be the PM4 yor and Town
Secretary, respectively, lf the Town of Prosper, Texas, and //. 44444
7 Q /&A"-4 aho are personally known to me, being
duly sworn, state on their oath:
That on the day of , 1943, they cremated
the following described bonds at Prosper, Texas:
Bond No. Dteof Issue. Maturity Date. Dendmination. ]date of Dnterest
26 Aug. 1, 1938 Aug. 1, 1960 $ 500.00 4%
28 Aug. 1, 1938 Aug. 1, 1961 500.00 4%
30 Aug. 1, 1938 Aug. 1, 1962 500.00 4%
32 Aug. 1, 1938 Aug. 1, 1963 500.00 4%
(a) The fac of the bonds were signed by U.N.Clary, as
Mayor, nd C.W.Harper, as Town Secretary and C.W.Harper
as Town Treasurer:
(b) The coupons bore the facsimile signatures of C.W.Hnrner
Town Secretary and U.N.Clary, Mayor:
(c) All the bonds were certified to by State Comptroller, Geo. H. Sheppard
as of November 4, 1938 , under Register No. 18558
(d) All of the bonds were issued by aurhority of an ordinance dated
Au mist 15, 1938/
////6'6&41.1 ,/
Mayor.
1 _1C7' SE ARY.
wITNESSES:
G-2ti
"‹,e-44-4-- -"kl
SUBSCRIBED AND SWORN TO before me this the C/ - du:,, of
e)e--
A.D? 1943.
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Notary Public, ollin County, Texas.
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