O-66-10-66i I \
ORDINANCE No 66
CERTIFICATE FOR BOND ORDINANCE
THE STATE OF TEXAS
COUNTY OF COLLIN
CITY OF ALLEN
.eq We, the undersigned officers of said City, hereby certify as
..-follows:
N 1. The City Council of said City convened in
REGULAR MEETING ON THE 2Ot0AY OF OCTOBER, 1966
let the City Hall, and the roll was called of the duly constitut-
ed officers and members of said City Council, to -wit"
A. C. Story, City Secretary Gentry T. Jones, Mayor
Zack Robinson R. B. Whisenant
Dan Strong Bill Enloe
Ken Posey
and alloz
f said persons were present, except the following
absentees: Fill. ,
thus constituting- quorum.. Whereupon, among other business,
the following was transacted at said Meeting: a written
ORDINANCE AUTHORIZING THE ISSUANCE OF REVENUE BONDS '
was duly introduced for the consideration of said City Council
and read in full. It was then duly moved and seconded that said
Ordinance be passed; and, after due discussion, said motion,
carrying with it the passage of said Ordinance, prevailed and
carried by the following vote:
AYES: All members of said City Council
shown present above voted "Aye."
NOES: None.
2. That a true, full, and correct.copy of the aforesaid
Ordinance passed at the Meeting described in the above and fore-
going paragraph is attached to and follows this Certificate;
,that said Ordinance has been duly recorded in said City Council's
IIminutes of said Meeting; that the above and foregoing paragraph
!is a true, full, and correct excerpt from said City Council's
iminutes of said Meeting pertaining to the passage of said Or-
dinance; that the persons named in the above and foregoing para-
igraph are the duly chosen, qualified, and acting officers and
!members of said City Council as indicated therein; and that
leach of the officers -and members of said City Council was duly
end sufficiently notified officially and personally, in advance,
.and
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 officers and members
consented, in advance, to the holding of said Meeting for such
!purpose,
3, That the Mayor of said City has approved, and hereby
';approves, the aforesaid Ordinance; that the Mayor and the City
(;Secretary of said City have duly signed said Ordinance; and that
�Ithe Mayor and the City Secretary of said City hereby declarethat
ltheir signing of this Certificate shall constitute the signing of
;;the attached and following copy of said Ordinance for all purpose:
SIGNED AND SEALED the hof' day of October , 966.
u �/ >ILIame
p City Secrq ary fXayor
(SEAL)
ORDINANCE AUTHORIZING THE ISSUANCE OF BONDS
THE STATE OF TEXAS
COUNTY OF COLLIN
CITY OF ALLEN
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 3rd
day of August, 1963; and
WHEREAS, the bonds hereinafter authorized are to be
issued and delivered pursuant to Vernon's Articles 1111 through
1118.
THEREFORE, BE IT ORDAINED BY THE CITY 'COUNCIL OF THE CITY OF ALLE;
Section 1. That said City's coupon bonds to be
designated the "City of Allen Waterworks and Sewer System Revenue
Bonds, Series 1966," are hereby -authorized to be issued and
delivered in accordance with the Constitution and laws of the
.I� State of Texas in the principal amount of $160,000 for the purpose
of providing $75,000 for improving and extending said City's
,Waterworks System, and providing $85,000 for improving and extend-
ing said City's Sewer System.
Section.2. That.said bonds shall be dated
November 1, 1966, shall be numbered from 1 through 32, shall be
in the denomination of $5,000 each, and shall mature and become
due and payable serially on April j in each of the years, and in
the amounts, respectively, as set forth in the following schedule:
G YEARS
AMOUNTS,
YEARS
AMOUNTS
1995
$15,000
2001
$15,000
1996
15,000
2002
15,000
15,000
2003
10,000
000
2004
10,000
=:,000
2005
10,000
.5,000
2006
10,000
.:accar. 3. That the City shall have the right I
y --_:on to redeem said bonds prior to their scheduled maturities,
mwhole, or in part in inverse numerical order, on April 1, 1987,1.
or on any interest payment date thereafter, for the principal !
amount thereof plus accrued interest to the date fixed for
,;redemption.
I)
h 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 publicatio
;published in the City of New York, New York. By the date fixed
for any such redemption, due provision shall be made with the payi
!;agent for the payment of the principal amount of the bonds to be
I;Iso redeemed, plus accrued interest thereon to the date fixed for
redemption. If the written notice of redemption is published, and
I
if due provision for payment is made, all as provided above, the
Cbonds, which are to be so redeemed, thereby automatically shall
Ijbe redeemed prior to maturity, and they shall not bear interest
11 after the. date fixed for redemption, and shall not be regarded
has being outstanding except for the purpose of receiving the funds
i,so provided for such payment.
Section 4. That said bonds shall bear interest, from
their date until maturity or redemption, at the rate of 5-3/4%
per annum, with said interest to be evidenced by interest coupons
payable on October 1, 1967, and semi-annually thereafter on each,
April 1 and October 1.
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 intere;
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 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 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:
NO.
(FORM OF BOND)
UNITED STATES
OF AMERICA
STATE OF
TEXAS
COUNTY OF
COLLIN
CITY OF
ALLEN
WATERWORKS AND
SEWER SYSTEM
REVENUE
BOND
SERIES 1966
$5,000
On April .l,the City of Allen, in the County
of Collin, State of Texas, promises to pay to bearer the prii
amount of
FIVE THOUSAND DOLLARS
and to pay interest thereon, from the date hereof, at the rate
of 5-3/4% per annum, evidenced by interest coupons payable
October 1, 1967, and semi-annually thereafter on each April 1
and October 1 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 exchange 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
November 1, 1966, issued in the principal amount of $160,000
for the purpose of providing $75,000 for improving and extending
the City's Waterworks System, and providing $85,000 for improving
and extending the City's Sewer system.
The bonds of this Series may be redeemed prior to their
scheduled maturities, in whole, or in part in inverse numerical
order, at the option of said City, on April 1, 1987, 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 publi-
cation 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
Texas; and that the interest on and principal of this bond, and
the Series of which it is a part, together with other outstand-
ing waterworks and sewer system revenue bonds of said City, are
secured by and payable from a first lien on and pledge of the
Net Revenues of,said City's Waterworks and Sewer System. ,
Said City has reserved the right, subject to the
restrictions stated, or adopted by reference, in the Ordinance
authorizing this Series of bonds, to issue additional parity
revenue bonds which also may be secured by and made payable from
a first lien on and pledge of the Net Revenues of said City's
Waterworks and Sewer System.
The holder hereof shall never have the right to demand
payment of this obligation out of any funds raised or to be
raised by taxation.
Inwitnesswhereof, this bond and the interest coupons
attached hereto have been signed by the imprinted or litho-
graphed facsimile signature of the Mayor of said City and coon
signed 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.
n
City Secretary, City of Allen N.ayor, City of Allen i
!I I
it
(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 , the City of Allen, in the
County of Collin, 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,
the amount of Dollars, in lawful money of the United
States of America, without exchange or collection 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 Allen
Waterworks and Sewer System Revenue Bonds, Series 1966, dated
November 1, 1966. The holder hereof shall never have the right
to demand payment of this obligation out of any funds raised
or to be raised by taxation. Bond No.
City Secretary
Section 8. That the.term "Outstanding Bonds," as used
herein, shall mean the outstanding bonds of the following issu
of said City:
Waterworks and Sewer System Revenue Bonds,
Series 1958, authorized by ordinance-
dated
rdinancedated March 13, 1958;
Waterworks and Sewer System Revenue Bonds,
Series 1961, authorized by ordinance
dated June 21, 1961.
The Series 1966 Bonds authorized hereby are parity "Additional I
Bonds" as defined and permitted in the aforesaid ordinance dated
March 13, 1958, and Sections 10 through 28 of said ordinance
are adopted by reference and shall be applicable to said Series)
1966 Bonds for all purposes, except to the extent hereinafter
specifically modified and supplemented. The Series 1966 Bonds
and the Outstanding Bonds are and shall be secured by and payable
from a first lien on and pledge of the Net Revenues of said City's
Waterworks and Sewer System, and all of said obligations shall
be on a parity and of equal dignity in all respects.
Section 9. That, in addition to all other amounts
required by the ordinances, respectively, authorizing the
Outstanding Bonds, there shall be deposited into the Interest
and Sinking Fund, created for the benefit of said Outstanding
Bonds and all Additional Bonds, the following:
(a) such amounts, in equal'monthly
installments, made on or before the 15th day
of each month hereafter, as will be sufficient
to pay the interest scheduled to come due on
said Series 1966 Bonds on the next interest
payment, date; and
(b) such amounts, in equal monthly
installments, made on or before the 15th day
of each month hereafter, commencing April 15,
1994, as will be sufficient to pay the next
maturing principal of said Series 1966 Bonds.
Section 10. That, in addition to all other amounts
required by the ordinances, respectively, authorizing the
Outstanding Bonds, the aggregate amount to be accumulated and
maintained in the Reserve Fund shall be increased by an amount
not less than one average year's requirements for the payment
of principal of and interest on the Additional Bonds authorized
by this Ordinance, and the monthly deposits into the Reserve
Fund shall be increased by an amount equal to 1/60th. of the
added reserve. Such increased deposits into the Reserve Fund
shall be made upon passage of this Ordinance and on the 15th
day of each month thereafter.
Section 11. That said bonds are and shall be special
obligations of said City, and the holder or holders thereof
shall never have the right to demand payment of said obligati
out of any funds raised or to be raised by taxation.
Section 12. 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
registration 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's
Registration 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 13. That said bonds a he
it
old in accordance
w
`� '�
i�`x7 law ^nd sha be delivered to 9f. [��-
- �
Ate, for the princi 1 amount thereof]
and accrued interest to the date of delivery.' i
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