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O60-01ALE ORDINANCE N 60-1 THE STAL-1 OF TEXAS: COUNTY 02 TARRANT: CITY OF KENNEDATM On this the llth day of February, 1960, the City Council of the City of Kennedale, Texas, convened in special meeting, at the regular meeting place, with the following members present, to -wit: Norman T. Childres, Mayor, Gene Harper, Alderman, Steve Radakavich, Alderman, John E. Hammack, Alderman, J. W. Ratliff, Alderman, Alvin L. Bulin, Alderman, Mrs. Sue A. Langford, City Secretary; and with the following absent: None constituting a quorum, at which time the following proceedings were had: Alderman introdced an Ordinance and made a motion that it be oassed. The motion was seconded by Alderman J.W. Ratliff The motion carrying with it passage of the Ordinance prevailed by the following vote: Ayes: Aldermen Harpel, Radakavich, Hammack, Ratliff and Bulin, and Mayor Childres. :Toes: The 07",f1-1-hance 7 -Qassed fls as follow's: ORDINANCE NO. 3Y THE CITT COUNCIL OF THE CITY OF HENNEDATZ, TEXAS, FROVIDINC FOR THE ISSUANCE OF CITY OF HENNESAT GENERAL oBLIallom BONDS, EERIE'S mol= .,77,7)77,7A(7717 A74,7,,M777,77 EEARINCT INTEREST AT THE RATE HEREINAFTER EET F0RTT-T3 pacvIDING FOR THE T,T7,ri ASSE33.14ENT E.ND r'',7 7 '7 ri m 777 77 7- r-1 7777 7r7E 177,s 7 717 7-7 L4L1 INTEREST ON SAID POTAID3 AND TO CRE4= A SINKING': FUND TTOR THE REDELPTIOT'T 77-772E07 AT l'iATURI777. zhe Ci-U-y Council of the City of Kennedale, Texas, adopted a CD -ion -o be held in said City on the resolution callin­* an elecL. 21st day of Marcla, 1959, on the following propositions: PROF03ITION NO., "Shall the Ci-5y Council of the Cit-\ of Kennedale, TeXas, be auzhorized to issue the bonds of said Seri -ally in sucn installments as may be bein,--r noz -more than F-orty (40) years from their CD 7 a -c;ax sufficient to pay the interes-G. as i-c; ac- crues and -principal as it mat".ures on said issue L CD s--wer s-,,Ts-L-,e-m for said City, as authorized by 'the Cons`bitu` Gion and laws of the Szate of Texas." WHE RE -Ion was duly and legally held in at wh-'Lch election a majorit-y of the legally qualified electors, owning taxable pxope2ty in said City ana i%Tho Aaad duly ioendered -Ghe samle for taxation, voting aCl said ellection, sus' cained t-he proposition to issue zhe bonds hei�,einaftue:�, desc::libed by -the FOI ME OF SElo—E.-H SYSTEM TAX 301,74DS" 24 votes; as is iefleczed in the election reL`Iuims and the a�esolu-Gior, of this Cit-y Council canvassiu-nig said, returns ant decla-.-.in-- the --s of said election, said resolution havincbeen passed on tolore filed with the City Secretary� and the City Council now dee-ms it advisable end to the best interes"L-, of the City that only, ��080,,\__)00.03 of the above voted bonds be issued at this tir.,2e, now, therefore; BE IT O.-RDAINED BY T-_,-_7E CITY COUNCIL OF T11- CITY OF =NTNEDI-J7�, TEXAS: -2- That the bonds o said City Hennedale Generalob -E under an I ^C... Jv:. of _ the purp said _ V___ t �/ +✓ the 481.1, a op) -T'o ._.,_ Q on C ' s ' ca77ef City Ler . 9 0 ` be issned ' the State Thal amount of Ei a n d.. 1- r: s Thou and r fir: That said bonds c s shall be numbered 3r e ? i to LiEhty (80), both inclusive, of the denomination of One Thousand and No/100 (4,000.00) Dollars each, aggregating Eighty Thousand and No/100 ($80,000.00) Dollars. 3. That said bonds shall be dated March 1, 196u, and shall be come due arid payable serially as lollo?rrs: BOND NtiiEERS i to both inclusive ✓o. both inclusive o, both inclusive 1 b • 1 c luive v th inclusive both nc .0_re both _,. n c 7 u s i--, e both inclusive y -'h inclusive .41 both inclusive J v 7,1.. , e _. . 4- s the ✓e and after Mar MATURITY DATES AMOUNTS is = _ 73, La r c i i ifia72ch 1: 90 Larch _ 99 Larch ivia�.'�1992 'ti„2 a0a='ch s :1197.3 7934 7, v 0 ii 11a_ ob 1, 935 7, 7997 payment date o:o int rest .o da _ e ` v' such call.: a. __ - ,, and notice 2 2 1 be y .. ___5 ..-d _.._ 5 ._ nano-7 a1 .,. .. ....._catio'n .. r.ished in v_b... New York, .LU q.�.. York. F�-if note s' a_ _ appear __ n„� ✓_G`y., _Yn at east o e issue,t_-1 date,0_� aif issue t less e._ than thii_ 1 to the date fixed fo 1{ such bond is called ref m manne and if - ✓ ds smfficiHent t, pay the r efe ha 77e i1 ..tl the wa.. J1 _.._.. e date fixed G= o in aid for redemption, it shall not thereafter bear interest. If fewer than all of the optional bonds are called for redemption, they shall be called in their inverse numerical order. 4. That said bonds shall bear interest at the rate of Six (6%) percentper annum from date to March 1, 1968, and there® after at the rate of Five and One -Half (q.%) percent per annum, evidenced by couponspayable March 1, 1961, and semi-annually thereafter on September 1st and March 1st of each year. I terest falling due on each interest payment date to and including March 1, 1968, ahall be evidence by two (2) interest coupons to be attached to each bond, one representing interest at the rate of One -Half (1°4.) percent, and the other representing in- terest at the rate of Five and One -Half (q%) percent. Interest falling due on each interest payment date after March 1, 1968, shall be evidenced by a single coupon attached to each bond, representing interest at the Le of Five and One -Half (5e0) percent. Either of the two coupons scheduled to mature on each interest payment date to and including March 1, 1968, be be presented for payment atandrwillThe-paid separately and interest payment cl-;te. apart from the other coupon representing interest due on each 5. principal of and interest on said bonds shall be pa -able upon presentation and surrender of bond or_proper coupon at the Mercantile National Bank at Dallas, Dalls, Texas, with- out exchange or collection charges to the owner or holder thereof. 6. That each of said bonds and coupons shall be exe- cuted by -the imprinted facsimile signature of the Mayor and countersigned by the imprinted facsimile signature of the City Secretary, and such facsimile signatures shall have the same effect as manual signatures, and the corporate seal of the City shall be impressed upon eachof the bonds. 7. The as follows: form of the said bonds shall be substantially UNITED STATES OF A ICA STATE OF COUNTY 0 CITY OF KE ALE_ GENERAL 0 LIGATION SERIES 1960 The City of Kennedale, in the County of Tarrant, State of Texas, a municipal corporation duly incorporated under the laws of the State of Texas, for value received, hereby promises to Pay to bearer hereof on the 1st day of March, 19 , the sum of ONE THOUSAND DOLLARS in lawful money of the United States of America, with i terest thereon from date hereof at the r te of Six le«) percent per annum from date u til March 1, 1968, and thereafter at the rate of Five and One -Half (522%)-percent per annum, until the princi- pal amount of this bond sh 11 have been paid, evidenced by • ou- Pons payable March 1, 1961, and semi-annually thereafter on September lst and March 1st of each year. Interest filing due on each interest payment date to and including Marc 1968, is evidenced by two (2) coupons hereto attached, one represen- ting .interest at th te of one-HAlf (-A%) percent, and the other representing interest'at the te of Five and / Percent. Interest falling due on each innerest payment date after March 1, 1968, is evidenced by to each bondbr each interest payment date reprceentlng interest upon presentation and surrender of co d or proper coupon at the ercantile National Bank at .Dallas Dallas, Texas, without exchange or collection charge to the owner or holder hereof, -4-a- the e of Five and One -Half (5e) percent. One -Half oupoi attached Either of the two coupons scheduled to mature on each interest payment date to andjncluding march 1, 7968, y be presented and will be Paid apart from the other. Principal and interest yable and the City bound and its faith and credit and all taxable Property in said City are hereby pledged forthe prompt payment of the principal of this bond at maturity and the interest thereon Kennedale, Texs, is hereby held and firmly as it accrues. This bond is one of a series of Eighty (80) bendsof like tenor and effect, except as to number ad maturity, number from One (1) to Eighty (80), both inclusive, of the denomin- ation of One Thousand and No/100 ($ 000.00) Dollars each, aggregating Eighty Thousand a d No/100 ($80,000.00) Dollars, issued for the purpose of constructing a SewerSystem for said City, as authorized by the Constitution and laws of the State of Texas, and pursuant to an Ordinance passed by the City Counell of the City of Kennedale, Texas, which Ordi ance is duly of record in the minutes of said City Council, The City reserves the option of calling this bond for redemption prior to maturity on any interest payment date on and after March 1, 1980, at oar andaccrued interest, provided thirty days' notice of such call is given in writig to the place of payment and provi ed said notice is published in ancial publication published in the City of New York,New York. Said notice shall appear in said publication in at least one is- 1 sue, the date of said issue being not less than thirtyday$ 701,1- so fixed f r redemption. such bond is called or to the date for redemptio the redemption of payment by in said manner and if funds sufficient to pa Price shall have been duly placed in the Bank the date fixed for rede!nption, it shall not tereafter bear interest. If fewer than all 02-thetbpti6na1 DOc 2O c27ed 202rr=demotion, they shall be called in their invese numei-ica 1 order. TflP cas of tbis brInd, in conformity with the Ordin- U ancr, above mentioned, 1:1ob 7, AND IT IS HEREEY CERTIFIED AND REOLLED that tbe issuancel of this bond, and the series of which it is a part, is duly authorized by law'and by a vote of the resident, qualified electors who oun axab1e property in said City and who had duly rendered the same for taxation in the City of Kennedale, Texas, voting at an election held for that purpose within said City; that all acts, conditions and things required to be done pre- cedent to and in the issuance of this series of bonds, and of this bond, have been properly done and performed ana have hap- Pened in regular and due time, form and manner as required by law; that sufficient and proper provision for the levy and col- lection of taxes has been made which, when collected, shall be appropriated exclusively to the payment of this bond, and to the series of which it is a part, and to the payment of the interest coupons hereto annexed as the same shall become due; and that the total indebtedness of said City of Kennedale, Texas, including the entire series of bonds of which this is one, does not exceed any Constitutional or Statutory Limitation. IN TESTIEONY WHEREOF, the City Council of the City of Kennedale, Texas, has caused the seal of said City to be impressed hereon and this bond and interest coupon hereto attached to be executed by the imprinted facsimile signatures ol the Mayor and City Secretary. NO. The form ^" said V. pans shall l be substantial .a r- _ - v� -T to s , di r s at corfance i:,.T i. i t u ''� 1e ne22 G .a ^_m gran , the bearer, unless. es:ti the s.,a._.1 have e een .o._.l v__. this redeemed .,.. the t ye2 v° t _. 4 e Nat na l Bank at Lam. Pallas ?ex' S without e.7.. ✓ !"a ✓` e t_ e owner or 3." r hereof the sum the Unitedvatas o America, 2? that fated v ch llection charges ",..awfl money mouths' ernefale aenera1 n n c r- ,o,^,. -bond: v .. Jii. 3Jnv ,.. ti.._ �=r v� �� ()'_' .Ftl LL' V ere 7 fVthat there on fir. and of record 00 Texas, the effect that this v'©no hasbeene alminL :3 that he 0In .. .. J?3._. ✓ if._J has been is e... v x e. and J w J is ..., vra gistered .. Vl1.-e ti•�a a \e neoa Lu Texas, s and said v .J 4i has 4.h_ s daybeen re- 1113.v a'1" _....-lv.../ _.4. seal ice at A „Ier of Public Accounts Texas. State nm speci ?I' fuld to be des 'e__.eed_ ie General. __o' 3onds ni,eated and u:_.. roJ,2 wee..c1s _-.'cr all taxes vo-' d a'r.ted for and on accountu.r'this series of bonds shall credited to said 1 r'u the purpose rest as it as vide a s_" \_ C" - \.'_ the purpose of 1- 7) v as it becomes ar_a to each installment .':.ems and sa--r''. Puna shall be `.:sew: for her ^.Y' :se. For each. year ?.___ f `U a r ^.,j se »y7 bonds _..r e s.J J thereon ere u. . :' ere shall _l u.. ✓.."`': a -v. ° C`oe2- _a n C; s 7°'+e time other -a es are levied, i- _e rate un - base .,ates antroved rolls O' said and v- e to e raise and ice in each oe interest as it ra eor,- ^Z qa i?'i vie a v least a a sir' to 7oay he _ fiche er is =eaterfull allow - made e_` ies a - d costs of eoI7e ion n at the _ate as here ___..'Love determined is ordered to ievieo' a'Co levied '^' `a s b all sa_-d ` i v '-'l,.,f' the :;urrel.' T ea_ and for each year hereafter eafter.while said bonds 0 tlem a j-e outs,.outsta o and unpaid„ and the a tax yr r shall asses, and collected ..ced ithe Fund hereby Ursa 1`°e'd and e Treasurer._ sh_.! honor warrants pi -no _.., .. said Fund .: O the -Purpose oSry said bonds and i'o_ no other lour -Pose. e sae .t _ and 77. Pe it_ur her ordained tnat :,he : aro ' ? E be authorized to take and have ;;hsr v e tton I necessary records the Attorney r.: ey General; and shall Lake and a ve c__a .7e and control,-ontrol of b^ bonds herein nen th opr1;ice^.. - ir the Attorney General ', re ro-r,,,l er of Public ation the e_r o2 _ b is _.:c,cou a,ss (or a .,.� �FUtu t ���_ ;' Jec.' act for the 0ornotro1er) shall manually Comot,-o:77-r's certilcate 2e-P-I8t7-atf_on he-,''eln to orinted on the bao',7 of bond, and t.1-1,-e6 ocom,o- troller shall he afixed to each of said borlds. 12, The Leizhty Thousand and No/l00 000,00). Dollars of Bonds authoced by this Ordinance are h2eby awarded to, H a7ta shall be sold and de7ive2ef to 72ank L„Comrcany, Tflr'„; 7.(-7:as, for the date of felf,very 7= and anci-'77.ed 13, All Ordianoes and resfllutions, and -carts thereof confTict he7-ewith are he.neloy e=ess17 lnsofa H they nonf7jet herewith, tASsED H m=7.7717),. 7 Secret,8r CiLt h-ls71th fay -2e1:,27.J.a17, 160. 0077777 CF CiTY 07 I, the undersigned, City Secretary of the City of Kennedale, Texas, do hereby certify that the above and foregoing is a true and correct co -by of an Ordinance ;passed by the City Council of said City,(and of the minutes pertaining thereto) on the llth day of February, 1960, authorizing the issuance of -1,,8o,coueop of City of Kennedale General Obligation Bonds, Series 1960, which Ordinance is duly of record in the minutes of said City Council. EXECUTED UNDER 71,1Y HAND and seal of said City, this the llth day of February, 1360. (.4f. City secretary, Ciy or Kennedale, Texas