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<br />~ <br />Q~ <br />w.g <br />.J- <br />~ <br />~ <br /> <br />~ ~ e <br />~ a: ftS <br />w ~ 202. <br />c-:t ...J c: 0 <br />Uro <br />~ >00 ~O E <br />~ ~o ~~ I <br />~ O~ m~ <br />-, .- ORDINANCE NO. 2005-61 Q) 0 <br />U ~~ <br />AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, CALL:i~ <br />A BOND ELECTION TO BE HELD WITHIN SAID CITY; PROVIDING FOR THE COND~T <br />AND THE GIVING NOTICE OF THE ELECTION; AND ENACTING OTHER PROVISIO'NS <br />RELATING TO THE SUBJECT <br />l/) <br />o <br />~e <br />a:Ctl <br />~ ~ WHEREAS, this City Council finds and determines that it is necessary and advisable to call and hold <br />U ~an election within said City on the propositions hereinafter set forth; Now, Therefore <br />~- <br />-0 <br />o ~ BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS: <br /><3 <br /> <br />~ <br />~ <br />N <br />o <br />o <br />U1 <br /> <br />>. <br />~""" <br />~ <br />qr <br />g.m <br />~O <br />16 <br />~ <br /> <br />~ <br />J In <br />C:J <br />.;;;;> <br />U C'J <br />0 e:... <br />u <br />~ ,.... <br />-' <br />~ <br />-, <br />C( <br /> <br />Section 1. Findings. <br /> <br />The statements contained in the preamble ofthis Ordinance are true and correct and are adopted as <br />findings of fact hereby, which findings are conclusive and incontestible. <br /> <br />Section 2. Election Ordered; Propositions. <br /> <br />An election shall be held in the City of San Marcos, Texas, on November 8, 2005, in conjunction <br />with the City Council election to be held on said date, at which election the following propositions shall be <br />submitted in accordance with law: <br /> <br />City of San Marcos <br />Bond Proposition No.1 <br /> <br />Shall the City Council of the City of San Marcos, Texas, be authorized to issue and sell the <br />bonds of said City in the aggregate principal amount of up to $2,000,000, for the purpose <br />of purchasing and improving greenspace land for said City, consisting of one or more tracts <br />ofland in the Rogers Ridge area, in the Spring Lake/Sink: Creek watershed; with said bonds <br />to be issued in one or more series or issues, to mature serially or otherwise and bear interest <br />at such rate or rates, not to exceed the respective limits prescribed by law at the time of <br />issuance, and to be sold at such price or prices, as the City Council in its discretion shall <br />determine; and shall there be levied and pledged, assessed and collected annually ad <br />valorem taxes on all taxable property in said city in an amount sufficient to pay the annual <br />interest on said bonds and provide a sinking fund to pay said bonds at maturity? <br /> <br />City of San Marcos <br />Bond Proposition No.2 <br /> <br />Shall the City Council of the City of San Marcos, Texas, be authorized to issue and sell the <br />bonds of said City in the aggregate principal amount of $1,000,000, for the purpose of <br />relocating the City municipal court to the existing City police department building, including <br />construction, renovation and equipment costs; with said bonds to be issued in one or more <br />series or issues, to mature serially or otherwise and bear interest at such rate or rates, not to <br />exceed the respective limits prescribed by law at the time of issuance, and to be sold at such <br />price or prices, as the City Council in its discretion shall determine; and shall there be levied <br />and pledged, assessed and collected annually ad valorem taxes on all taxable property in said <br />