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O64-07KENNEDALE ORDINANCE NO. 64-7 CERTIFICATE FOR BOND ORDINANCE THE STATE OF TEXAS COUNTY OF TARR.ANT CITY OF KENNEDALE We, the undersigned, Mayor and City Secretary, respectively, of said City, hereby certify as follows:' 1. That the attached and following is a true, full, and correct copy of an Ordinance Authorizing the Issuance,, of Bonds duly passed by the City Council of said City at a Meeting held at the regular meeting place on the,„,, y of June, 1964, which Ordinance has been duly recorded in the minutes of said City Council, 2. That the following are the members and officers of said City Council: B. T. Webb Mayor L. V. Flake Lloyd Hatton Paul Winters W. C. Helm, Jr. Roy G. Vick : Aldermen Mrs. Susie A. Langford : City Secretary and all said persons were present at the time of sage of said Ordinance except the following absentees: � * 3. That said O-sdinance was introduced for the consideration of saa. City Council by its presiding officerand read in full, arc cpon motion duly made and seconded, said Ordinance was pa.-.ed by the following vote: AYES: Ali Aldermen present voted "Aye". NOES: None. 4. That each of the members and officers of said City Council was duly and sufficiently notified officially and per- sonally, in advance, of the time, place, and purpose of the aforesaid Meeting, and that said Ordinance would be introduced and considered for passage at said Meeting, and each of said members and officers consented, in advance, to the holding of said Meeting for such purpose. 5. That the Mayor of said City has approved,and hereby approves, said Ordinance; that the Mayor and the City Secretary of said City have duly signed saia Crdinance; and that said Mayor and City Secretary hereby declar:hat their signing of this Certificate shall constitute the inning of the attached and following copy of said Ordinance for all purposes, IGNED AND SEALED this the X,day of June, 1964. Mayor (SEAL) ORDINANCE AUTHORIZING THE ISSUANCE OF BONDS THE STATE OF TEXAS COUNTY OF TARRANT CITY OF KENNEDALE WHEREAS, the. bonds hereinafter authorized were duly and favorably voted, as required by the Constitution and laws of the State of Texas, at an election held in said City on the 21st day of March, 1959; and WHEREAS, out of the bonds voted at said election, the following previously have been issued and delivered: $110,000 out of a voted total of $150,000 for the purpose of constructing a Sewer System for said City, repre- sented by the bonds of Series 1960 and Series 1962; and WHEREAS, the bonds hereinafter authorized are to be issued and delivered pursuant to Vernon's Article 823. THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF KENNEDALE: Section 1. That said City's coupon bonds to be designated the "City of Kennedale, Texas, General Obligation Bonds, Series 1964", are hereby authorized to be issued and de- livered in accordance with the Constitution and laws of the. State of Texas in the principal amount of $25,000 for the pur- pose of constructing a Sewer System for said City. Section 2. That said bonds shall be dated July 10, 1964, shall be numbered consecutively from 1 through 5, shall be in the dent ination of $5,000 each, and shall mature and become due and payable serially on July 10 in each of the years, and in the amounts, respectively, as set forth in the following schedule: YEARS AMOUNTS . 2001 $10,000 2002 15,000 Section 3. That said City shall have the right and option to redeem such bonds prior to their scheduled maturities, in whole, or in part, on July 10, 1984, or on any interest payment date thereafter, for the principal amount thereof plus accrued interest to the date fixed for redemption. At least thirty days before the date fixed for any such redemption, the City shall cause a written notice of such redemption to be published at least once in a financial publica- tion published in the City of New York, New York. By the date fixed for any such redemption, due provision shall be made with the paying agent for the payment of the principal amount of the bonds to be so redeemed, plus accrued interest thereon to the date fixed for redemption. If the written notice of redemption is published, and if due provision for payment is made, all as provided above, the bonds, which are to be so redeemed, thereby automatically shall be redeemed prior to maturity, and they shall not bear interest after the date fixed for redemption, and shall not be regarded as being outstanding except for the pur- pose of receiving the funds so provided for such payment. Section 4. That said bonds shall bear interest from their date, until maturity or redemption, at the rate of 5% per annum, with said interest to be evidenced by interest coupons payable on January 10, 1965, and semi-annually thereafter on each July 10 and January 10. Section 5. That the principal of and interest on said bonds shall be payable to bearer, in lawful money of the United States of America, without exchange or collection charges to the bearer, upon presentation and surrender of proper bond or inter- est coupon, at the Mercantile National Bank at Dallas, Dallas, Texas, which place shall be the paying agent for said bonds. Section 6. That each of said bonds and interest coupons shall be signed by the imprinted or lithographed fac- simile signature of the Mayor of said City and countersigned by the imprinted or lithographed facsimile signature of the City Secretary of said City, and the official seal of said City shall be impressed, or printed, or lithographed on each of said bonds. Section 7. That the form of said bonds, including the form of Registration Certificate of the Comptroller of Public Accounts of the State of Texas to be printed and endorsed on each bond, and the form of the interest coupons to be attached to said bonds, shall be, respectively, substantially as follows: (FORM OF BOND) N0, UNITED STATES OF AMERICA STATE OF TEXAS COUNTY OF TARRANT CITY OF KENNEDALE, TEXAS GENERAL OBLIGATION BOND SERIES 1964 $5,000 On July 10, 200 , the City of Kennedale, in the County of Tarrant, State of Texas, promises to pay to bearer the principal amount of FIVE THOUSAND DOLLARS and to pay interest thereon, from the date hereof, at the rate of 57 per annum, evidenced by interest coupons payable January 10, 1965, and semi-annually thereafter on each July 10 and January 10 while this bond is outstanding. The principal of this bond and the interest coupons attached hereto shall be payable to bearer, in lawful money of the United States of America, without ex- change or collection charges to the bearer, upon presentation and surrender of this bond or proper interest coupon, at the Mercantile National Bank at Dallas, Dallas, Texas, which place shall be the paying agent for this Series of bonds. This bond is one of a Series of coupon bonds dated July 10, 1964, issued in the principal amount of $25,000 for the purpose of constructing a Sewer System for said City. The bonds of this Series may be redeemed prior to their scheduled maturities, in whole, or in part, at the option of said City, on July 10, 1984, or on any interest payment date thereafter, for the principal amount thereof plus accrued inter- est to the date fixed for redemption. At least thirty days be- fore the date fixed for any such redemption the City shall cause a written notice of such redemption to be published at least once in a financial publication published in the City of New York, New York. By the date fixed for any such redemption, due provision shall be made with the paying agent for the payment of the principal amount of the bonds to be redeemed, plus accrued interest thereon to the date fixed for redemption. If the written notice of redemption is published, and if due provision for such payment is made, all as provided. above, the bonds, which are to be so redeemed, thereby automatically shall be redeemed prior to maturity, and they shall not bear interest after the date fixed for redemption, and shall not be regarded as being outstanding except for the purpose of receiving the funds so provided for such payment. It is hereby certified and recited that this bond has been duly and validly voted, authorized, issued, and delivered in accordance with the Constitution and laws of the State of Tex- as; that this bond is a general obligation of said City, issued on the full faith and credit thereof; and that the ad valorem taxes, upon all taxable property in said City, necessary to pay the interest on and principal of this bond, as such interest comes due, and such principal matures, have been pledged irrevocably for such purpose, within the limit prescribed by law. In witness whereof, this bond and the interest coupons attached hereto have been signed by the imprinted or lithographed facsimile signature of the Mayor of said City and countersigned by the imprinted or lithographed facsimile signature of the City Secretary of said City, and the official seal of said City has been duly impressed, or printed, or lithographed on this bond, City Secretary, City of Mayor, City of Kennedale Kennedale (FORM OF REGISTRATION CERTIFICATE) COMPTROLLER'S REGISTRATION CERTIFICATE: REGISTER NO. I hereby certify that this bond has been examined, certified as to validity, and approved by the Attorney General of the State of Texas; and that this bond has been registered by the Comptroller of Public Accounts of the State of Texas. Witness my signature and seal this Comptroller of Public Accounts of the State of Texas (FORM OF INTEREST COUPON) NO. $ On , 200 , the City of Kennedale, in the Couny of Tarrant, State of Texas, promises to pay to bearer, unless due provision has been made for the redemption prior to maturity of the bond to which this interest coupon is attached, Dollars, in lawful the amount of money of the United States of America, without exchange or col- lection charges to the bearer, upon presentation and surrender of this interest coupon, at the Mercantile National Bank at Dallas, Dallas, Texas, said amount being 'interest due that day on the bond, bearing the number hereinafter designated, of that issue of City of Kennedale, Texas,General Obligation Bonds, Series 1964, dated July 10, 1964. Bond No. City Secretary Mayor Section 8. That a special fund or account, to be designated the "City of Kennedale, Texas, General Obligation Bonds, Series 1964, Interest and Sinking Fund" is hereby created and shall be established and maintained by said City at its official depository bank. Said Interest and Sinking Fund shall be kept separate and apart from all other funds and accounts of said City, and shall be used only for paying the interest on and principal. of said bonds. All taxes levied and collected for and on account of said bonds shall be deposited, as collected, to the credit of said Interest and Sinking Fund. During each year while any of said bonds or interest coupons appertaining thereto are outstanding and unpaid, the City Council of said City shall compute and ascertain the rate and amount of ad valorem tax, based on the latest approved tax rolls of said City, with full allowances being made for tax delinquencies and costs - of tax collections, which will be sufficient to raise and produce the money required to pay the interest on said bonds as such interest comes due, and to provide a sinking fund to pay the principal of such bonds as such principal matures, but never less than 27 of the original principal amount of said bonds as a sinking fund each year. Said rate and amount of ad valorem tax is hereby ordered to be levied and is hereby levied against all taxable property in said City for each year while any of said bonds or interest coupons appertaining thereto are outstanding and unpaid, and said ad valorem tax shall be assessed and col- lected each such year and deposited to the credit of the afore- said Interest and Sinking Fund. Said ad valorem taxes necessary to pay the interest on and principal of said bonds, as such interest comes due, and such principal matures, are hereby pledged irrevocably for such purpose, within the limit prescribed by law. Section 9. That the Mayor of said City is hereby authorized to have control of said bonds and all necessary records and proceedings pertaining to said bonds pending their delivery and their investigation, examination, and approval by the Attorney General of the State of Texas, and their regis- tration by the Comptroller of Public Accounts of the State of Texas. Upon registration of said bonds, said Comptroller of Public Accounts (or a deputy designated in writing to act for said Comptroller) shall manually sign the Comptroller'sRegis- tration Certificate prescribed herein to be printed and endorsed on each bond, and the seal of said Comptroller shall be impressed, or printed, or lithographed on each of said bonds. Section 10. That said bonds are hereby sold in accordance with law and shall be delivered to Tex s, for the princi- pal -count thereof and accrued interest to the date of delivery.