1972 Ord. No. 244B Bonds
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BO:-.TtS, SERIES 1972, 1; =:_.'..'::':-~=- FE3RUARY 1, 1972
r:~<E S Tr\ ~E OF TEXA S
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C0~K~=ES OF GUADALDPE
AXlJ B2XAR
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C:TY OF SCHERTZ
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1
ON THIS, the 10th day of February, 1972, the City Council
0~ the City of Schertz, Texas, convened in regular session at
L~e regular meeting place thereof in the City Hall, the ~eeting
jein~ o;en to the public and notice of said meeting, giving the
C~t2, p:ace and subject thereof, having been posted as prescribed
~j Ar~~cle 6252-17, Section 3A, V.A.T.C.S., with the foilowing
ili2illters present and in attendance, to wit:
DR. ROY W. RICP~RD
VJA YOR
~~~~~= ~l. :'~-Y\~"~
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)
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)
)
)
A LDER..'1EN
~':'~2~:': =':;~T~ ~ l:J~:
~JEERT E. SChwARTZ
~LO~ R. CP~MELESS
~<RS. BOBBIE L. KOCH
~~d wi~h the following absent: Koym and Dunham
cons:i n::. ting a quorum; and among other proceedings had were the
rcllO\.Jing:
Th~ Mayor introduced a proposed ordinance. The orainance
W&S read in full.
Alc2rman Koch IT.ace a mo-cion ,-uu,- any ru2-e
requiring ordinances to be read more ~han one time or a~ more than
o~e ~eeting be suspended, and that said ordinance be ?assed as an
e~ergency measure. The motion was seconded by Alder~an
Chambless and carried by the following vote:
AYES: Aldermen If.;':/fi.., Schwartz, ChcHl'.bless,
~h~~, and Alderwoman Koch.
NOES: None.
Alderman
nance be pass ed
Chambless
Schwartz made a motion tha~ ~he ordi-
finally. The motion was seconded by Alderman
and carried by the following vote:
AYES: Aldermen Koym, Schwartz, Chambless,
~~33~m, and Alderwoman Koch.
:\OES: None.
The Mayor announced that the ordinance had been finally passed.
The ORDINANCE is as follows:
3C:\fD i'\'"""Gl1BERS
(\ ~,r;:- 1 . )
VLi...-'. LnCl.USlVe
l''L.;TGRITY
A~TOl}"~r:
1 :973 $ :,000
.L
2 i97!-' 1,GJ0
') 1975 1,000
..)
4 atlG ) 1976 2,000
,- --~~ 7 :"977 2,000
0 U.Li..U
3 and 9 1978 2,000
lO and .L.L 1979 2,000
12 to 14 1980 3,000
:5 to 20 1981 6,000
22- to 26 1982 6,000
27 to 32 1983 6,000
33 to 39 1984 7,000
40 to 47 1985 8,000
48 to 55 1936 8,000
56 to 63 1987 8,000
6Lr to 73 1988 10,000
74 to 83 1989 10,000
84 -:::0 93 1990 10,000
94 to 103 2-991 10,000
104 to 114 1992 11,000
115 to 125 1993 11,000
126 to 137 1994 12,000
138 to 150 1995 13,000
?~OVIDED, HOWEVER, that the City reserves the right to ~edeem
:Jonds m.::n:uring in each of the ye<:lrs 1988 tht"ough 1995 of s.1id
s~ries, in whole or any part the~eof, on June 1, 1987, or on
a~y iuterest payment date thereafter, at the price of par and
accrued interest to the date fixed for redemption, plus a pre-
cium of 2-1/2% on all bonds called for redemption in the year
1987, such premium reducing 1/2 of 1% on each June 1 thereafter,
-J:lti1 no premium is payable on June 1, 1992, or on any inter-
est payment date thereafter; and PROVIDED, FURTHER, that at
lease thirty (30) days prior to any interest paymenc date upon
w~ich any of said bonds are to be redeemed, a notice of redemp-
cion, signed by the City Secrecary (specifying the serial numbers
a~d amount of bonds to be redeemed) shall have been filed with
t~e Y~IN BANK & TRUST, San Antonio, Texas (the paying agent named
~~ each of said bonds), and should any bond or bonds not be pre-
sented for redemption pursuant to such notice, the same shall
cease to bear interest from and after the date so fixed for
rcdcrnp tion.
~~EC'fION 3: That said bonds shall be3r interest L:LOm date
to maturity at the following rates per annum:
(a) Bonds maturing in each of the years 1973
through 1980 at 4-1/2%;
(b) Bonds maturing in each of the years 1981
through 1984 at 5%;
(c) Bonds maturing i~ eac~ or the years 1985
through 1987 at 5.3%; and
(d) Bonds maLuring in each of the years 1988
through 1995 at 6.2%;
s~cn ~nterest to be evide~ced by proper coupons attac~2d to each
u~ said bonds, and said interest shall be payable on December 1,
~S72, and semiannually thereafter on June 1 and December 1 in each
year.
SECTION 4: That both principal or and interest on said bonds
shal: be payable in lawrul money of the United States of America,
w~thG~t exchange or collection charges to the owner or holder, at
the Y~lN BANK & TRUST, San Antonio, Texas, upon presentation and
s~rrender of bonds or proper coupons.
SECTION 5: That the seal of said City may be impressed on
each or said bonds or, in the alternative, a facsimile of such
seal may be princed on the said bonds. 7~e bonds and interest
coupons appurtenant thereto may be executed by the imprinted fac-
simi:e signatures of the Mayor and C~ty Secretary of the City,
a~d execution in such manner shall have the same effect as if
s~ch bonds and coupons had cee2 signed by the Mayor and City
Sc;crecary in person by their mc:.:1ual signatures. Inasmuch as
SLCD bonds are required to be registered by the Comptroller of
2Lblic Accounts for the State 0= Texas, only his signature (or
chat of a deputy designated in writing to act for the Comptroller)
shall be required to be manually subscribed to such bonds in
con~ecticn with his registration certificate to appear thereon,
as hereinafter provided, all in accordance with the provisions
0= Article 7l7j-l, V.A.T.C.S.
SECTIOR 6: That the form of said bonds shall be subs tan-
ciallyas follows:
"NO.
UNITED STATES OF AMERICA
$1,000
STA TE OF TEXAS
COUNTIES OF GUADALUPE AND BEXAR
CITY OF SCHERTZ, TEXAS, STREET IMPROVEME~~
BOND, SERIES 1972
The CITY OF SCHERTZ, a municipal corporation of ~h2 Scate
0= ~exas, acknowledges itself indebted to and, FOR VALUE RECEIVED,
hereby promises to pay to bearer, the sum of
ONE THOUSA~~ DOLLARS
~Sl,OOO), in lawful money of the United States of America, on the
FIRST DAY OF JUNE) 19 , with interest thereon from the date
iereof to maturity at the rate of PER CENTUM ( %)
per annum) payable on December 1, 1972, and semiannually thereafter
L.. ",,~-;:2 ::. end December 1 i:1 eacn year, and interest feLLing due
v_" 0:: ')r:..or:o ulot\J.ri::y ll.ereof is "Jaya"0::"e or:1y u:)on vresentation
- ~ L ~
~;:d 3~rrender of the interesL coupons hereto attached as they
s2vera::'iy oecome due.
3J~~ PRINCIPAL a? E.nc interest on this bond are hereby made
?~yaj~~ at th2 ~~IN BAXK & ~RUSL, San Anto~io, Texas, without
2^ch2~ge or co:lection charges ~o the owner or holder, and for
::>.e '"):::-o::.:)c ")ayment or this bond. and the intel:'es t thereon at
. c .
~~tur~ty, the full faith, credit and resources of the City of
Schertz, Texas, are hereby irrevocably pledged.
~HIS BOND is one of a series of One Hundred Fifty (150)
seria: bonds, numbered consecuLively from One (1) through One
~undreG FifLY (150), each in denomination of One Thousand
Jclla~s ($1,000), aggregating ONE HU~~RED FIFTY THOUSA~~ DOL-
L;.~S ($150,000), issued for the purpose of constructing street
improveilients in and for said City, under authority of the Con-
s~itution and laws of the State of Texas and pursuant to an
ordinance duly adopted by the City Council of the City of
Scier::z, Texas, and duly recorded in the Minutes of said City
Counci: .
AS SPECIFIED in the ordinance hereinabove mentioned, the
City reserves the right to redeem bonGS waturing in each of the
years 1988 through 1995 of this series, in whole or any part
~h2reof, au June 1, 1987, or on any interest payment date there-
a~ter, at the price of par and accrued interest to the date fixed
for rede~p~ion, plus a premium of 2-1/2% on all bonds called for
rcue~ption in the year 1987, such prewium reducing 1/2 of 1% on
e~ch June 1 thereafter, until no premium is payable on ~une 1,
~S92, or on any interest payment date thereafter; PROVLDED,
nOWEV2R, that at least thirty (30) days prior to any interest
payme~t date upon which any of said bonds are to be redeemed,
a notice of redemption, signed by the City Secretary (specifying
t~e serial numbers and amount oI bonds to be redeemed) shall
have Deen filed with the MAIN BA~{ & TRUST, San Antonio, Texas;
and should any bond or bonds not be presented Ior redemption
pursuant to such notice, the same shall cease to bear interest
from and after the date so fixed for redemption.
IT IS HEREBY CERTIFIED, RECITED A~~ REPRESENTED that the
issuance of this bond and the series of which iL is a part is
d~ly authorized by law and by authority expressly cO~I2rred at
a~ election held for that purpose within said City; that all
a~ts, conditions and things required to be done precedent to and
tn the issuance of this series of bonds and of this bond, have
been properly done and performed and have happened in regular
and due time, form and manner as required by law; that s~ffi-
cient and proper provision has been made for the levy and collec-
tion of taxes which, when collected, shall be appropriated exclu-
sively to the payment of this bond and the series of which it is
& part, and to the payment of the interest coupons thereto annexed)
as the same shall become due, and that the total indebtedness of
the City of Schertz, Texas, including the entire series of bonds
or which this is one, does not exceed any constitutional or
statutory limitation.
~:.\ r':ESTIXONY T..JnE~:ZEO?) the Ci::y C.:J'U:.--..cL. or the Ci.:y of Schertz,
=_:~~2, ~~ accords~ce wiz~ t~e ?rovisic2S cf Arti21e 717j-l,
V.A.:.2.S., rias ca'Used t~2 sea: of sai~ Cicy to ~e i~?~essed or
~ ~a2si~i:e thereof to be pri~ted hereon, a~G t~is bond and its
~~?U~C2~ant coupons to be exec~ced with the im?ri~te~ facsimile
s~gG~c"G~es of the Mayor and Cicy Secretary of said City; the date
o~ t~is bond, in conrormity with the ordinance above rererred to,
Jcinb ~h2 FIRST JAY OF ~EBRUARY, 1972.
Mayor, City or Schertz, 7exas
CCDN'::ERS IGNED :
City Secretary, City of Schertz,
Texas
SECTION 7: That the form of interest coupons attached to
each or said bonds shall be substantially as follows:
:\0.
ON THE FIRST DAY OF
19
$
*(un:ess the bond to which this coupon pertains has been properly
2a11ed for redemption in accordance with its terms,) the CITY OF
SCRE~:Z, a municipal corporation o~ the State of Texas, hereby
?~omises to pay to bearer, at the K~IN BAm< & TRUST, San Antonio,
7exas, without exchange or collection charges to the owner or
holder, the sum of
DOLLARS
($ ), in lawful money of the United States of America,
seid sum being months' interest due that day on "CITY
OF SCHERTZ, TEXAS, STREET IMPROVD:ENT BOND, SERIES 1972," da t ed
FebrJary 1, 1972. Bond No.
City Secretary
Mayor
SECTION 8: That the following certificate shall be printed
on the back of each bond:
STATE OF TEXAS
x
y
A
1
REGISTER NO.
OFFICE OF COMPTROLLER
I HEREBY CERTIFY that there is on file and of reco~d i~ my
office a certificate of the Attorney General of the State oi Texas
:0 cne effect that this bond has been examined by him as required
by law, and that he finds that it has been issued in conformity
\]it~ the Constitution and laws of the State of Texas, and that it
is a valid and binding obligation upon said City of Schertz, Texas,
and said bond has this day been registered by me.
*~O~E TO PRINTER: The expression In parentheses to ~e included
unly in coupons maturing December 1, 1987 and subsequent, pertain-
ing co optional bonds maturing in the years 1988 through 1995.
~.JIT0i--SSS r-iY 1-iAKD AND SRt.L OF OF?IC2 at Aus'::iD., Texas,
Co~peroiier o~ ?~biic ACCOLn~s of the
S1:2t2 o~ 72:~CiS
s~c~=o~ 9: That to ?rov~de ror the paYwent o~ tne debe
serv~c2 requirements on the said bonds, being (i) t~e interest
o~~ s&id bo::ds and (ii) a SLlk-;~-:_2: ,,::,,'~d -+=o"~ 1~:'-''''~r r-::.c"'-.",'_.....~o.,., at
--~ '-..J ~L4.J..J. .......L ....1..i.C-'- e "--'''~~...---' L.__ "-1.
;.'c:c:tu:.:::"ty 0;:- a sinking fund or 2% ("vhichever arr,ount:: s~-c&L, '02
g~eacer), there shall be and there is ~2reby levied f0r the
c~rr~~t year and each succeeding year thereafter whil~ ~~id
b~'--c:s o~ l'nterest thevoeon s'1a', ~ '~om~l'n ou.....ct"'.....,r'.:"'o. -c'"r "~.-Q~Q1
v....J.. ..L J.. ..L;.. ...L.-'- ....... \:.... a J.. L~ U.LJ..'-.....;._.<.l.o <....o.l...\...4- ~""'~JO".A..L. ,
a sufficient tax on each one hundred dollars; valuat::ion or taX-
able ?roperty in said City, adequate to pay such cebe service
requireQents, fULl allowance being made for delinquencies and
cases of collection; said tax shall be assessed and col:ected
each year and applied to the payment:: of the said debt service
reqLirements, and the same shall not be diverted to any other
?urpose. The taxes so levied shall be paid in~o a fund known
as nSPEC:AL STREET IHPROVL."iEt\'T BOND FUND, SERIES 1972,11 "\Thich
is hereby established for the payment or the obligations herein
3~thc~izeG. The City Council hereby declares its PU~?oSC and
~~te~t to provide and levy a tax lega~ly and fully su~ficient
for s~ch bonos, it having been determined that the existing and
~vailable taxing authority of the City ror such purpose is 3de-
s~ate to permit a legally surficient tax in consideration of
a~l o~her outstanding obligations.
SEC~ION 10: That the Mayor of said City shall be and he is
~2reoy authorized to take and have charge of all necessa~y orders
a~d records pending investigation by the Attorney General of the
S~at::2 of Texas, and shall take and have charge and control of the
bones herein authorized pending their approval by the Attorney
General and their registration by the Comptroller of Public
Accounts.
SECTION 11: That the sale of the bonds herein authorized
to
TEXAS SECURITIES CORPORATION
~t ~ne price of par and accrued interest to date of c21ivery plus
a premium of $ 500.00 is hereby confirmed. Delivery or the
jGnds shall be made to said purchasers as soon as may b~ a~ter
che adoption of this ordinance, upon payment therefor in accor-
d~nce with the terms of sale.
SSCTION 12: The purchasers' obligation to accc~).: UC:"::"VCl:Y
O~ the bonds herein authorized is subject to their being furnished
a riaa 1 opinion of Mess rs. Dumas, Huguenin, Boothman ar.c :-:o::rO'i-J,
Attorneys, Dallas, Texas, approving such bonds as co their valid-
icy, said opinion to be dated and delivered as of the dace of
celivery and payment for such bonds. Printing or a true and
correct copy of said opinion on the reverse side of each of
suc~ bonds, with appropriate certificate pertaining thereto
executed by facsimile signature of the City Secretary of the
City or Schertz, Te~as, is hereby approved and authorized.
SECTION 13: That the public importance of this measure and
~~e fac~ that it is to the best interest of the City to provide
=L.IIG.S for the street improvements herein contemplated at the
~Grl~est possible date constitute and create an emergency and
~^:: ur:;ent public necessity, requiring that any rule providing
Ear ordinances to be read more than one time or at more than
o~e illeeting of the City Council be suspended, and requiring
~~at ~his ordinance be passed and take effect as an emergency
D2aslire, and such rules and provisions are accordingly suspended,
a~d this ordinance is passed as an emergency measure, and shall
take effect and be in full force from and after its passage.
PASSED AND APPROVED, this the 1(-l)1" day of ),("j,:'j~"M:_' 1972.
Q ~.:.
.v;) tlLAI(!;; Ve.t/;I{)o~.t
Mayor, Ctty of Schertz, Texas
A':'TEST:
0)
.,
_OJ ,/
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/' I:' I ~ r.{ L L. '" ~ef.. u: l. ~ ,
City Secretary, City of Schertz,
T exa s
(Ci ty Seal)
CERTIFICATE OF CITY SECRETARY
'-'--'1'''
~"",,""".J..
OF
SCHERTZ
I
l
f
r
I
I
'..:'EE Sl.'A TE OF TEXAS
CCU~7IES OF GUADALUPE
AND BEXAR
I, the undersigned, City Secretary of the City of Schertz,
7ex&s, DO HEREBY CERTIFY that the above and foregoing is a true
/ /-":>....,, C'v - (
and correct copy of an ordinance authorizing issuance of $1-,75, goo.
lICITY OF SCHERTZ, TEXAS, STREET IMPROVEMENT BONDS, SERIES 1972,"
dated February 1, 1972 (and Minutes pertaining to its adoption),
passed by the City Council of said City the -1/ day of
on it <
~) ;;, / t{ ,.} I >j , 1972, and which ordinance is of record in Book
I
~ of the Minutes of said City Council.
I FURTHER CERTIFY that the said ordinance was passed at a
meeting held after written notice thereof stating the date, time
and purpose had been posted at the City Hall on a bulletin board
:ocated at a place convenient to the public, all in compliance
witn the provisions of Article 6252-17, Section 3A, V.A.T.C.S.
IN WITNESS WHEREOF, I have hereunto signed my name offi-
cia~:y and affixed the seal of said City, this the
. "x
jt." day
of J.J~..U ' 1972.
..,
// ..-) /
r~> (r (~_ : ~;~ -<. A'~ ,
City Se~retary, City of Schertz, Texas
(Cit.y Seal)
GENERAL CERTIFICATE
'I'~:2 S':::'ATE OF TEXAS
1
1
1
1
1
1
CO~~IZS OF GUADALUPE
A:\jv BEXAR
C:'':Y
OF
SCHERTZ
WE, the undersigned, Mayor and City Secretary-Treasurer,
r23pec~ively, of the City of Schertz, Texas, DO HEREBY CERTIFY
as follows:
1. That the following is a full and correct statement of
~~e ~ax-supported bond indebtedness of said City as of the date
~2reinbelow shown:
lZ=-~l.d or Bonds
Date
Int.
S2'Ner System
Series 1962
6-1-62
3-3/4%
3-5/8%
$ 5,000
5,000
6,000
7,000
8,000
9,000
10,000
11,000
12,000
13,000
14,000
10,000
Maturity
Amount
Outstandin.\?i
6-1-72
73
74/78
79/82
83/86
87/89
90/92
93/94
95/97
98/99
2000
2001
$265,000
TOTAL TAX-SUPPORTED INDEBTEDNESS.... ... .......... $265,00Q
Sinking funds on hand to credit of above debt.... $ 4t,9~Y
2. That the following are the duly qualified and acting
officers of said City:
(DR.) ROY R. RICHARD
RA YMOND G. KOYM
ROBERT E. SCHWARTZ
LEON R. CHAMBLESS
JIMMIE V. DUNHAM
(MRS.) BOBBIE L. KOCH
)
)
)
ROBERT C. BUEKER
MAYOR
ALDERMAN
ALDERMAN
ALDERMAN
ALDERMAN
ALDERWOMAN
CITY SECRETARY
CITY TREASURER
TAX ASSESSOR-COLLECTOR
3. Said City is incorporated under the General Laws of the
S::ate of Texas, and is operating under the aldermanic form of
gover~ment, pursuant to Chapters 1 to 10, inclusive, of Title 28,
Revised Civil Statutes of 1925, as amended.
IN WITNESS WHEREOF, we have hereunto set our hands and the
seal of said City, this the /" ,"/ day of '," "'I ' 1972.
Qi vii (C;:~\~~ i1a..;~1
Mayor /1 City of Schertz, Texas
(City Seal)
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City Secretary-Treasurer, City of
Schertz, Texas
STA TEMENT OF TAXABLE VALUES
-=;~~:2 STATE OF TEXAS
CITY
OF
SCHERTZ
I
1
X
X
1
I
COUKTIES OF GUADALUPE
Ai\1D BEXAR
I, the undersigned, Assessor and Collector of Taxes of the
City of Schertz, Texas, DO HEREBY CERTIFY that the assessed value
of property for the purposes of taxation in said City of Schertz,
Texas, as shown by the tax rolls of said City for the year 1971,
w~ich have been duly approved and which is the latest official
assessment of said City, is as follows:
TOTAL REAL AND PERSONAL PROPERTY.............$ 7,877,766.
WITNESS MY HAND AND THE SEAL OF THE CITY OF SCHERTZ, TEXAS,
this the
~ ,.
,'./
day of
," , /. ' . . c. , "
J
, 1972.
I
,//: if; t'(~ ~- Z):" /.' ,-
Assessor and Collector of Taxes
City of Schertz, Texas
'('.;'-;-y Ceal)
,""....... u_