The Boerne Star (Boerne, Tex.), Vol. 51, No. 37, Ed. 1 Thursday, August 23, 1956 Page: 6 of 8
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THE BOERNE STAR
Ralph Kneupper and Lloyd
Gourley of Kendalia visited in
Boerne Saturday.
Mr. and Mrs. Fritz Knoll of
San Antonio visited here with
Mr. and Mrs. Edgar Kneupper.
The ladies of Bruno Phillip
Post No. 688, V. F. W. Auxiliary
met Thursday, August 16th with
eleven members. After the meet
ing a delightful social hour was
had. The next meeting will be
held Thursday, Sept. 20th.
Why wait?
oday’s highest trade
your present carl
YOU’RE ALWAYS WELCOME AT YOUR OLDSMOBILE DEALER’S*
Phone 112
EPPERSON MOTORS
Boerne, Texas
LEAGUE BASEBALL
Sunday, August 26 -■ 3:00 P. M.
Camp Stanley
vs.
Fredericksburg Giants
Camp Stanley Ball Park
NOTICE OF CITY BOND
ELECTION
THE STATE OF TEXAS )
COUNTY OF KENDALL )
CITY OF BOERNE )
TO ALL QUALIFIED VOTERS
OF THE CITY OF BOERNE,
TEXAS, WHO OWN TAXABLE
PROPERTY WITHIN SAID CITY,
AND WHO HAVE DULY REN-
DERED THE SAME FOR TAX-
ATION:
TAKE NOTICE that an election
will be held in the City of Boerne,
Texas, on the 25th day of August,
1956, to determine whether or not
the City Council of said City shall
be authorized to issue the bonds of
said City in the following amounts
and for the following purposes:
$32,000.00 Revenue Bonds for the
purpose of paying off, refunding
and cancelling an equal amount of
the outstanding indebtedness of the
City’s Electric Light and Power
Distribution System;
$180,000.00 Revenue Bonds for the
purpose of paying off, refunding
and cancelling an equal amount of
the outstanding indebteness of the
City’s Waterworks, Sanitary Sewer
and Gas Systems;
$195,000.00 Revenue Bonds for the
purpose of constructing extensions
and improvements to the City’s
Waterworks System;
$180,000 Revenue Bonds for the
purpose of constructing extensions
and improvementss to the City’s
Sanitary Sewer System;
and which election was duly called
and ordered by the resolution and
order of the City Council of said
City, passed and adopted on the 6th
day of August, 1956, and which elec-
tion order is made a part of this
notice, and is in words and figures
as follows, to-wit:
RESOLUTION AND ORDER
BY THE CITY COUNCIL OF
THE CITY OF BOERNE, TEXAS,
CALLING AN ELECTION FOR
THE AUTHORIZATION OF REV-
ENUE BONDS OF THE CITY OF
BOERNE IN THE FOLLOWING
Thursday, August 28, 1956
'PROPOSED CONSTITUTIONAL AMENDMENTS TO BE VOTED ON AT AN
ELECTION TO BE HELD ON NOVEMBER 6, 1956”
HOUSE JOINT RESOLUTION NO. 15 I which said Five Ct
proposing an amendment to the Constitu- I is herein provided,
tion of the State of Texas by amending | flood, storm, or e
Article VII. Sections 17 and 18, providing
a method of payment for the construction
and equipment of buildings and other per-
manent improvements at State instituti
of higher learning and repealing Chapter
330, Acts, Regular Session, Fifty-third
Legislature; and proposing an amendr
to Article VII of the Constitution of
State of Texas by adding a new section
after Section 11 thereof to be
as Section 11a. providing for the improved
support of The University of Texas and
the Agricultural and Mechanical College
of Texas from a source other
revenue bj providing for the broader in-
vestmr-- -■* "-------- TT-5-----
Fund
certain conditions and limit
viding for an election and the issuance
a proclamation therefor.
BE IT RESOLVED BY THE LEGISLA-
TURE OF THE STATE OF TEXAS:
it (5(f) ad valerom tax
except in case of fire,
storm, or earthquake occurring at
ch institution, in which rase an
appropriation in an amount sufficient to
replace the uninsured loss so incurred may
be made by the Legislature out of any
General Revenue funds. The State Comp-
troller of Public Accounts shall draw all
necessary and proper warrants upon the
State Treasury in order to carry out the
purpose of this amendment; and the State
Treasurer shall pay warrants so issued out
of the special fund hereby created for said
purpose. This amendment shall be self-
enacting ; provided, ho
become operative or effective upoi
ipti
owever, it shall not
effective upon its
peal
Section 1. That Sections 17 and 18 of
Article VII of the Constituti
State of Texas be amended so as to here-
after read as follows:
“Section 17. In lieu of the State ad
ro- uary 1, 1958; provided, further, that noth-
of ing herein shall be construed as impairing
I the obligation incurred by any outstanding
. . or boncjs heretofore issued by ’ any
institution of higher learning under
ection prior to the adoption of this
Iment, but such notes or bonds shall
De paid, both as to principal and interest,
from the fund as heretofore allocated to
any such institution under this Section.
constructing of buildings or other perma-
nent improvements, except in case of fire,
flood, storm, or earthquake occurring at
any such institution, in which case an
appropriation in an amount sufficient to
replace the uninsured loss so incurred may
be made by the Legislature out of General
Revenue funds.
. “Said Boards are severally authorized to
pledge the whole or any part of the re-
spective interests of the Agricultural and
Mechanical College of Texas and of The
University of Texas in the income from the
Permanent University F'und, as such in-
terests are now apportioned by Chapter 42
of the Acts of the Regular Session of the
Forty-second Legislature of the State of
rpose of securing the pay
merit " " ......
bonds
valorem tax on property of Seven Cents I nor shall the provisions
(7d) on the One Hundred Dollar ($100) ment affect in any
valuation heretofore permitted to be levied tion of the revenue fi
of this
valuation heretofore permitted to be levied tion of the revenue fo:
by Section 51 of Article 3, as amended, beginning January 1,
there is hereby levied, in addition to all authorized by the pro'
levied,
other taxes permitted by the Constitution I OI Article v n oi tms constitution as
of Texas, a State ad valorem tax on prop- adopted August 23, 1947. Chapter 330.
erty of Two Cents (2(f) on the One Hun- Acts, Regular Session, Fifty-third Legis-
dred Dollars ($100) valuation for the pur- I lature is repealed upon the effective date
pose of creating a special fund for the I this Amendment; but the principal and
continuing payment of Confederate pen- -interest due on any obligations incurred
siona as provided under Section 51, Article e K°verninf; boards of Lamar State
d for the establishment and continued | College^of Technology at Beaumont and of
Universit;
his amend-
way the prior alloca-
e ten-year period
1948, as heretofore
* of Section 17
institution
Ch;
provisions i
if this Co
3, and lor the establishment and continued ““‘“S' oi leumuiugy at Beaumont ar
maintenance of the State Building Fund Texas Southern University at Houston
as provided in Section 51b. Article 3, of °er ^“e Provisions of said Chapter
the Constitution. P,r’or to »ts repeal shall be paid frotr
“Also, there is hereby levied, in addition
to all other taxes permitted by the Con-
stitution of Texas, a State ad valorem tax I H9”1
on property of Five Cents (5(f) on the One ' ad valorem tax levy as pri
Hundred Dollars ($100) valuation for thfe H)18 Section, and the annual allocations to
purpose of creating a special fund for the I these institutions under this Section shall
purpose of- acquiring, constructing and first devoted to current requirements
rsity at Houston un-
330
from the
ocations to Lamar
Technology and Texas Southei
fro;
prior to us repeal snail be pa:
allocations to Lamar State
’ and Texas Southern Universi
the funds raised by the Five Cei
College of
TTn ive-"----
_ ____ i- ive
•alorem tax levy as provided
he i
purpose
Initially
equi
Imp
acquiring, c
ping buildin
quipping bu
manent
institutions
overning board
of higher
gs. or
devoted to current requirem;
such obligations in accords
gov
tion
icting and “ 1“"‘,
other per- fo.’\
ents at the designated Wlttl their ti
(her learning; and the “Section 1
;f each of such institu- I structing, eq ___________ __ ______________
ns of higher learning is fully author- or other permanent improvements fo
ized to pledge all or any part of said Texas Agricultural and Mechanical C
ads allotted to such institution as here- System, including the Agricultural
terms.
For the
lance
-seo
Texas, for the purpose of securing the pay-
at of the principal and interest of such
tes. The Permanent University
Fund may be invested in such bonds or
notes.
bonds or notes issued pui
to shall be approved by the Attorney Cei
eral of Texas and^when so approvi
be incontestabl;
ney Gen-
ved shall
>e incontestable. This amendment shall b«
elf-enacting and shall beci
1, 1958; provided,
ng herein shall be construed
her
set
Ja
ome effective
however, that
pairing an
the isst
respec-
of this
nuary 1, 1958; provided,
(thing herein shall be construed as im-
ire created
by the issuance of any outstanding notes
or bonds under this section by the
tive Boards prior to the adoption
amendment but any such outstanding notes
or bonds shall be paid in full, both prin-
cipal and interest, in accordance with the
terms of such contracts.”
Sec. 2. That Article Vll of the Consti-
tution of the State of Texas shall be
amended by adding after Section 11 there-
lesignated Section
11a. which shall read as follows:
nev
ivhii
“Section 11a.
now
VII or the Constitution oi
Texas, the Permanent Universit;
In addition to the bonds
enumerated in Section 11 of Article
of the Constitution of the State of
xas. the Permanent University Fund may
be invested in first lien real estate mort-
gage securities guaranteed in any manner
in whole by the United States Government
thereof
here
refe:
iny agency
poration bonds,
mon stocks as
The University of Texas
ates t,
nd in
purpo
quirin
ose of con-
ng building!
for th(
funds allotted to such institution as here- I System, including the Agricultural and
in&fter provided, to secure bonds or note3 Mechanical College of Texas at Collegi
issued for the purpose of acquiring, con- Station, Arlington State College at Ar-
structing and initially equipping such iington. Prairie View Agricultural
buildings or other permanent improve- I Mechanical College of Texas at P
ments at said respective institutions. Such View, Tarleton State College at Stephen-
ionds or notes shall be issued in such ville, Texas Agricultural Experiment Sta-
.mounts as may be determined by the gov- tions, Texas Agricultural Extension Serv-
erning boards of said respective institu- ice, Texas Engineering Experiment Sta-
tions, shall bear interest not to exceed tion, at College Station, Texas Enginee:
three per cent (3%) per annum and shall ing Extension Service, at College Station,
mature serially or otherwise not later than and the Texas Forest Service, the Board
September 1, 1968, and September 1, 1978, of Directors of the Agricultural and Me-
ided, the power to issue chanica! College of Texas is hereby auth-
reunder is expressly II*- orized to issue negotiable bonds or notes
Ited to a period of twenty(20) years from not to exceed a total amount of one-third
the effective date of this amendment; and (%) of twenty per cent (20%) of the
toxVhde^byUlevferd shin ^ylf.Tfi G-°t ----- I vaIVe .ot Permanent University Fund
payment of
orized;
levied shall expire finally upon I exclus
all bonds or notes hereby auth- I issuar
vlded, further, that the State | buildi
tax. on property as heretofore permitted to
be levied by Section 9 of Article VIII, as
amended, exclusive of the tax necessary to
pay the public debt, and of the 1
vided for the benefit of the pi
schools, shall never exceed Thirty Cents
(30tf) on the One Hundred Dollars ($100)
valuation. All bonds shall be examined and
i A1
lanent Unlvers:
itete at the time of any
nee thereof; provided, however.
elusive of real
building or other permanent improvemen
shall be acquired or constructed hereunde
approved by th<
State of Texas, and
mined and
ral of the
so approve
all
only through competitive bids and shall I provements
never be sold for less than their par value | Sy
and accrued interest.
“Funds raised from said Five Cent (5<t)
tax levy for the ten-year period beginning
January 1, 1958, shall be allocated by the
ptroller .of Publi;
Comptroller .of Public Accounts of the
State of Texas on June first of that year,
based on the average long session full-
time student equivalent enrollment
teen (15) semester credit hours shall
stitute one full-time student) for the pre- I grad
eeding five-year period of time, to the fol- I versity or Tex;
lowing State institutions of higher learn- McDonald Obs
ing then in existi
hen in existence, to wit;
Texas State College for Wo:
of
■ovement
ill be acquired or constructed hereunder
for use by any part of The Texas Agricul-
tural and Mechanical College System, ex-
cept at and for the use of the general
academic institutions of said System,
namely, the Agricultural and Mechanical
College of Texas, Arlington State College,
Tarleton State College, and Prairie View
A. and M. College, without the prior ap-
val of the Legislature or of such agency
thorized by the Legislature
r the pur-
or acquir-
Idings or other permanent !m-
its for The University of Texas
System, including the Main University of
Texas at Austin. The University of Texas
Medical Branch at Galveston, The Uni-
versity of Texas Southwestern Medical
School at Dallas, The University of Texas
Dental Branch at Houston, Texas Western
College of The University of Texas at El
Paso, The University of Texas M. D. An-
derson Hospital and Tumor Institute at
Houston, The University of Texas Post-
graduate School of Medicine, The Uni-
Jealtl
Lock;
;ne. The
ity of Texas School of Public Health,
iservatory at Mount
Scien<
xas
ton ; Texas College of Arts and Industrie
at Kingsville; Texas Technological Collegi
at Lubbock: East Texas State Teacher;
College at Commerce: North Texas
College at Denton; Sam Houston
Teachers College at Huntsville; Soul
Texas State Teachers College at San
cos; Stephen F. Austin State Collei
Nacogdoches: Sul Ross State Collei
men ;
ad In
at Den- |
tries
e Marine Science Institute at Port
the Board of Regents of The Uni-
ransas, tl
ersity of Ti
[ lexa
otlable
erce; North Texas
State
outhwest
Mar-
____ _____ _____ge at
Nacogdoches: Sul Ross State College at
Alpine: West Texas State College at Cai
yon; Texas Southern University at Hous-
ton : Lamar State College of Technology
at Beaumont.
“Not later than June first of the be-
ar The
is hereby authorized to
bonds and notes not to
(%)
of
and
d stocks nnd com-
of
may
id fur
preferre
stocks as the Board of Regents of
11a, except the por
iriated by the
deem to be
nd the
the
Section
rtion thereof which is
eration of Section
the payment c
terest on
shall be subject
appropriatea hy the op;
18 of Article VII for the payment of prin-
cipal and inti
thereund;
i by
pr;
bonds or notes issued
tion by the Legislature to accomplish the
purposes declared in Section 10 of Article
VII of this Constitution. In making each
and all of such investments said Board of
egents shall exercise the judgment and
the cir-----‘-----‘u — -------”
care under the circumstances then prevail-
ing which men of ordinary prudence, dis-
cretion, and intelligence exercise in the
in
the
elligence exercise
management of their own affairs not
d ti
____ds,
sidering the probable income therefro
well
regard to speculatioi
permanent dispositic
siderin
ar own
n but in regard to
isposition of their fund;
probable income therefrom as
as the probable safety of their capital;
provided, however, that not more than fifty
per cent (50%) of said fund shall be in-
vested at any given time in corporate
stocks and bonds, nor shall more tha
per cent (1%) of said fund be in
securities issued by
tior
fund
ny one (1)
than five
an one
vested in
corpora-
nor shall more than five per cent
(5%) of the voting stock of any one (1)
poration be owned: and provided, fur-
r, that stocks eligible for purchase shall
be restricted to stocks of companies Incor-
porated within the United States which
have paid dividends for ten (10) consecu-
tive years or longer immediately prior to
the date of purchase and which, except for
bank stocks and insurance stocks, are listed
on an exchange reg;
curities and Exchi
s, are listed
red with the Se-
ors. Thi3 ami
ig, and shall
adoption, pre
Legislature shall
ng, i
optio
ance
igistered wit
ge Commission
rndment shall I
its
be self-
ill become effective upon
vided, however, that the
owever,
legislature shall provide by law for full
disclosure of all details concerning the in-
stocks and bonds
ithorized he—”
vestments In corporate
and other investments
Sec. 3.
Amendment
of the qualified electors
il Election to be held
lor
ele
printed thereon:
General Election
Tuesday after the first Monday in Novel
”®r; A.D. 1956, at which election all balk
shall have printed thereon:
ivestments authorized herein."
The foregoing Constitutional
it shall be submitted to a vote
lified electors of this State at the
on
tte a
the
“FOR thi
the Co:
Amendment to Article VII of
and notes ni
exceed a total amount of two-thirds
venty per
•ed or constructe
institution of Thi
amount or two-thirds (?
cent (20%) of the value
. University Fund exclusi
time of any issu;
wever, no building
provement shall be ac-
d hereunder for use by
be University of Te:
nd for the u
ance
g or
otner
quired
any inauiuuon oi me university of Texas
System, except at and for the use of the
general academic institutions of said Sys-
tem, namely, the Main University and
Texas Western College, without the prior
rn
approval of thi
ay
grant
he prior
he Legislature or of such
agency a3 may be authorized by the Legis-
1 on the aver-| “iture^ to grant such approval. Any bonds
age long session full-time student equiv- or. ”otes issued hereunder shall be payable
•lent enrollment (fifteen (15) semester I solely_otft of the Income from the Perma-
alent enrollment (fifteen (15) semester I solely out of the income from the Perma'
credit hours shall constitute one full-time Pent University Fund. Bonds or notes so
student) for the preceding five-year period lssued shall mature serially or otherwise
of time, shall re-allocate, to the above- P/. more than thirty (30) years from
designated institutions of higher learning thelr respective dates.
then in existence, all funds to be derived “The Texas Agricultural and Mechanical
from said Five Cent (50 ad valorem tax College System nnd all of the institutions
for said ten-year period ; and all such des- constituting such System as hereinabove
ignated institutions of higher learning enumerated, and The University of Texas
hich participate in the allocation or re- I System, and all of the
ituting such System aa
ed, shi “
which participate
allocation of sucl
after receive any
for the acquiring
ings or other permanen
Institutions
hereinabove
the Amendmei
the Constitution of the State of Texas by
amending Sections 17 and 18 thereof, pro-
viding a method of payment for the con-
struction and equipment of buildings and
ather permanent improvements at State
institutions of higher learning; and by
adding a new section thereto to be desig-
nated as Section lit, providing for the
improved support of The University of
Texas System and the Texas Agr
and Mechanical College System by
Izing the investment of the Permanei
versity Fund in corporate bonds and
under certain conditions and 1
“AGAINST the Amendm
VII of the Constituti;
AMOUNTS AND FOR THE FOL-
LOWING PURPOSES: (1) $32,000,-
00 REVENUE BONDS FOR THE
PURPOSE OF PAYING OFF, RE-
FUNDING AND CANCELLING
AN EQUAL AMOUNT OF THE
OUTSTANDING INDEBTEDNESS
OF THE CITY'S ELECTRIC LIGHT
AND POWER DISTRIBUTION SYS
TEM; (2) $180,000.00 REVENUE
BONDS FOR THE PURPOSE OF
PAYING OFF, REFUNDING AND
CANCELLING AN EQUAL A-
MOUNT OF OUTSTANDING IN-
DEBTEDNESS OF THE CITY’S
WATERWORKS, SANITARY SEW-
ED AND GAS SYSTEMS; (3)
$195,000.00 REVENUE BONDS FOR
THE PURPOSE OF CONSTRUCT-
ING EXTENSIONS AND IM-
PROVEMENTS TO THE CITY’S
WATERWORKS SYSTEM, AND
(4) $180,000.00 REVENUE BONDS
FOR THE PURPOSE OF CON-
STRUCTING EXTENSIONS AND
IMPROVEMENTS TO THE CITY’S
SANITARY SEWER SYSTEM,
BE IT RESOLVED AND ORDER-
ED BY THE CITY COUNCIL OF
THE CITY OF BOERNE, TEXAS:
SECTION 1. That an election is
hereby ordered to be held in the
City of Boerne, Texas, on the 25th
day of August, 1956, such date being
not less than fifteen (15) nor more
than thirty (30) days from the date
of the adoption of this resolution
and order, at which election the
following propositions shall be sub-
mitted to the qualified electors who
own taxable property in said City
and who have duly rendered the
same for taxation:
PROPOSITION NO. 1
“SHALL the City Council of the
City of Boerne, Texas, be author-
ized to issue $32,000.00 of revenue
bonds of said City for the purpose
of paying off, refunding and can-
celling an equal amount of the out-
standing indebtedness of the City’s
Electric Light and Power Distri-
bution System, as evidenced by
“City of Boerne Electric Light and
Power System Revenue Bonds,”
dated November 1, 1942, in the
principal amount of $32,000.00, ma-
turing and bearing interest as fol-
lows: $5,000.00 due November 1,
1957, $6,000.00 due November 1st in
each of the years 1958 to 1960, in-
clusive, and $2,000.00 due November
1, 1961, bearing two and one-half
(2*4%) percent interest per an-
num, and $6,000.00 due November
1, 1962, and $1,000.00 due November
1, 1963, bearing three and one-half
(3%%) per cent interest per an-
num, and optional at any time on
and after five (5) years from their
date, which bonds were authorized
and issued pursuant to an ordnance
passed by the City Council on De-
cember 9, 1942; said proposed
$32,000.00 new revenue bonds to
mature serially over a period of
years not to exceed thirty (30)
years from their date and to bear
interest at a rate not to exceed four
and one-half (4%%) percent per
annum; said revenue bonds to be
special obligations of the City of
Boerne, payable as to both principal
and interest from and secured by a
first lien on and pledge of the reve-
nues of the combined waterworks,
sanitary sewer and electric light
and power system, after deuction
of reasonable operation and main-
tenance expenses?”
PROPOSITION NO. 2
“SHALL the City Council of the
City of Boerne, Texas, be authorized
to issue $180,000.00 of revenue
bonds of said City for the purpose
of paying off, refunding and can-
celling an equal amount of out-
standing indebtedness of the City’s
Gas Systems, as evidenced by “City
of Boerne, Texas, Waterworks, Sew-
er and Gas System Revenue Bonds,
dated March 1,1946, in the principal
amount of $180,000.00, maturing and
bearing interest as follows: $7,000.-
00 due March 1st in each of the
years 1957 to 1959, inclusive,
PROPOSITION NO. 3
‘“SHALL the City Council of the
City of Boerne, Texas, be authorized
to issue $195,000.00 of revenue bonds
of said City for the purpose of con-
structing extensions and improve-
ments to the City’s waterworks sys-
tem; said bonds to mature serially
over a period of years not to ex-
ceed thirty (30) years from their
date and to bear interest at a rate
not to exceed four and one-half
(4*4%) per cent per annum, sand
revenue bonds to be special obli-
gations of the City of Boerne, pay-
able as to both principal and inter-
est from and secured by a first lien
on and pledge of the revenues of
the combined waterworks, sanitary
sewer and electric light and power
system, after deduction of reason-
able operation and maintenance ex-
penses?”
PROPOSITION NO. 4
“SHALL the City Council of the
City of Boerne, Texas, be author-
ized to issue $180,000.00 of revenue
bonds of said City for the purpose
of constructing extensions and im-
provements to the City’s sanitary
sewer system; said bonds to mature
serially over a period of years not
to exceed thirty (30) years from
their date and to bear interest at a
rate not to exceed four and one-half
(4%%) per cent per annum, said
revenue bonds to be special obliga-
tions of the City of Boerne, payable
as to both principal and interest
from and secured by a first lien on
and pledge of the revenues of the
combined waterworks, sanitary
sewer and electric light and power
system, after deduction of reason-
able operation and maintenance
expenses?”
SECTION II. That all revenue
bonds hereinabove mentioned in
Propositions 1, 2, 3, and 4 are to be
ratably secured in such manner that
no one bond shall have priority of
lien over any other bond, it being
the intent hereof to provide for the
creation of an indebtedness against
the City's combined waterworks,
sanitary sewer and electric light
and power system for the purposes
stated in said Propositions 1, 2, 3,
and 4, an such bonds submitted
under those four propositions as are
approved by the qualified voters,
voting at the election herein and
hereby ordered, are to be issued in
one or more installments, but as a
single combined authorization.
SECTION III. In the event said
revenue bonds hereinabove mention-
ed are authorized to be issued by a
majority of the qualified electors of
said City, voting at said election,
and the same are issued and sold,
the holder or holders of such bonds
shall never have the right to de-
mand payment thereof out of any
funds raised or to be raised by tax-
ation; and each bond issued or ex-
ecuted in pursuance of such elec-
tion, shall contain this clause:
“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.”
SECTION IV. That said election
shall be held in the regularly es-
tablished election precinct of said
City (all of said City being included *
in one election precinct), at the
Fire House in the City of Boerne,
Texas, and the following named
persons are hereby appointed man-
agers thereof, to-wit:
Lewellen Dienger, Presiding
Judge.
Mrs. Miranda Lawrence, Assistant
Judge,
Mrs. Ella Massey, Clerk,
Mrs. Ema Sill, Clerk.
SECTION V. That said election
shall be held under the provisions
of and in accordance with the laws
governing the issuance of municipal
bonds by cities, as provided in the
General Laws of the State of Texas,
and only qualified electors, who
own taxable property in the City,
$8,000.00 due March 1st in each of I and who have du]y rendered the
the years 1960 to 1963, inclusive, same *or taxation, shall be qualified
versity
erricultural
titho
stocks
limitations."
“AGAINST the Amendment to Article
thor-
nt Uni-
:1s am
limita
endment to
of the State of Tex-
l or tne constitution of the State of Tex-
by amending Sections 17 and 18 thereof,
ividing a. method of payment for the
equipment of buildings
at improvements at State
providing
construction and
and other permanent improveme:
institutions of higher learning
adding a new section thereto t
nated as Section 11a, providi:
Improved support of The Un
Texas System and the Texas Agri
and Mechanical College System by
izing the investment of the Permanent
University Fund in corporate bonds and
ttocks under certain condition* and lizni-
ersity of
Ticultural
thor-
S«c. 4. The Governor shall Issue the nec-
essary proclamation for said election and
have the same published as required by the
overnor i
tion for said
_ --------ublished as re,_..^„
Conitltytton »»><| lew* of thl« §tet»
$9,000.00 due March 1st in each of
the years 1964 to 1966, inclusive,
$10,000.00 due March 1st in each of
the years 1967 and 1968, and $5,000.-
00 due March 1, 1969, bearing two
an three-fourths (2-3/4%) per cent
interest per annum, and $5,000.00
due March 1, 1969, and $10,000.00
due March 1st in each of the years
1970 to 1976, inclusive, bearing two
and one-fourth (2*4%) per cent
interest per annum, and optional on
March 1, 1956, or at any time there-
after, which bonds were authorized
and issued pursuant to an ordinance
passed by the City Council on
March 4, 1946; said proposed $180,-
000.00 new revenue bonds to mature
serially over a period of years not
to exceed thirty, (30) years from
their date and to bear interest at a
rate not to exceed four an one-half
(4%%) per cent per annum; said
revenue bonds to be special obli-
gations of the City of Boerne, pay-
able as to both principal and inter-
est from and secured by a first lien
on and pledge of .the revenues of
the combined waterworks, sanitary
sewer and electric light and power
system, after deduction of reason-
able operation and maintenance ex-
penses?”
to vote.
SECTION VI. That the ballots
for said election shall have written
or printed thereon the following:
OFFICIAL BALLOT
“For the Issuance of $32,000.00
Revenue Bonds and pledging the
Revenues of the City's combined
Waterworks, Sanitary Sewer and
Electric Light and Power System
to the payment thereof, for the pur-
pose of paying off, cancelling and
refunding a like amount of existing
indebtedness of the City’s Electric
Light and Power Distribution Sys-
tem, and submitted In Proposition
No. 1.”
“Against the issuance of $32,000.-
00 Revenue Bonds and pledging the
Revenues of the City’s combined
Waterworks, Sanitary Sewer and
Electric Light and Power System
to the payment thereof, for the pur-
pose of paying off, cancelling and
refunding a like amount of existing
indebtedness of the City's Electric
Light and Power Distribution Sys-
tem, as submitted in Proposition
No. 1”
For the issuance of $180,000.00
Revenue Bonds and pledging the
Revenues of the City’s combined
Waterworks, Sanitary Sewer and
Electric Light and Power System
to the payment thereof, for the pur-
pose of paying off, cancelling and
refunding a like amount of existing
indebtedness of the City’s Water-
works, Sanitary Sewer and Gas
Systems, as submitted in Proposi-
tion No. 2.”
“Against the issuance of $180,-
000.00 Revenue Bonds and pledging
the Revenues of the City’s combined
Waterworks, Sanitary Sewer and
Electric Light and Power System to
the payment thereof, for the pur-
pose of paying off, cancelling and
refunding a like amount of existing
indebtedness of the City’s Water-
works, Sanitary Sewer and Gas
Systems, as submitted in Proposi-
tion No. 2.”
“For the issuance of $195,000.00
Revenue Bonds and pledging the
Revenues of the City’s combined
Waterworks, Sanitary Sewer and
Electric Light and Power System
to the payment thereof, for the
purpose of constructing extensions
and improvements to the City’s
Waterworks System, as submitted
in Proposition No. 3.”
.“Against the issuance of $195,-
000.00 Revenue Bonds and pledging
the Revenues of the City’s combin-
ed Waterworks, Sanitary Sewer and
Electric Light and Power System to
the payment thereof, for the pur-
pose of constructing extensions
and improvements to the City’s
Waterworks System, as submitted
in Proposition No. 3.”
“For the issuance of $180,000.00
Revenue Bonds and pledging the
Revenues of the City’s - combined
Waterworks, Sanitary Sewer and
Electric Light and Power System
to the payment thereof, for the
purpose of constructing extensions
and improvements to the City’s
Sanitary Sewer System, as sub-
mitted in Proposition No. 4.”
“Against the issuance of $180,-
000.00 Revenue Bonds and pledging
the Revenues of the City’s combined
Waterworks, Sanitary Sewer and
Electric Light and Power System
to the payment thereof, for the
purpose of constructing extensions
and Improvements to the City’s
Sanitary Sewer System, as sub-
mitted in Proposition No. 4.”
AS TO EACH of the foregoing
four propositions, each voter shall
vote by placing an X in the square
beside the expression of his choice,
or said voter may scratch or mark
out one of said expressions, thus
leaving the other as indicating his
vote on the four propositions, re-
spectively.
SECTION VII. That notice of
said election shall be given by post-
ing an publication of a copy of this
Resolution and Order, at the top of
which shall appear the words
“NOTICE OF CITY BOND ELEC-
TION.” Said notice shall be posted
at the City Hall and at two other
public places within the City not
less than fourteen (14) full days
prior to the date on which said elec-
tion is to be held, and be published
on the same day in each of two
successive weeks in a newspaper of
general circulation, published in the
City of Boerne, Texas, the first of
said publications to be made not less
than fourteen (14) full days prior
to the date set for said election.
PASSED, ADOPTED AND AP-
PROVED this 6th day of August,
1956.
Burt B. Shepard,
Mayor, City of Boerne, Texas
ATTEST:
Edgar Schwarz, Jr.
City Secretary
City of Boerne, Texas
THIS NOTICE OF CITY BOND
ELECTION is issued and given by
the undersigned, pursuant to auth-
ority conferred by virtue of the a-
bove and foregoing resolution and
order of the City Council of the
City of Boerne, Texas, and under
authority of law.
WITNESS MY HAND and the
seal of the City of Boerne, Texas,
this 6th day of August, 1956.
Burt B. Shepard
Mayor, City of Boerne, Texas
ATTEST:
Edgar Schwarz, Jr.
City Secretary.
(SEAL)
CARD OF THANKS
We wish to thank our many
relatives and friends for the
many kindnesses shown us dur-
ing the illness and passing of
our beloved husband and father,
Louis Rechenthin. Also those
who sent flowers and cards or
memorials for the Church, Boys-
vill, and Cancer Society.
Especially do we wish to
thank Rev. Theo Winter, St.
John’s Missionary Society, and
the pallbearers;
Mrs. Louis Rechenthin
lc Edgar and Annie Voges
WATER SOFTENER—FILTER
You may enjoy soft water for
less than you think. The savings
in soap and wear on clothing
will soon pay for itself.
McQuinn Building Materials
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Davis, Jack R. The Boerne Star (Boerne, Tex.), Vol. 51, No. 37, Ed. 1 Thursday, August 23, 1956, newspaper, August 23, 1956; Boerne, Texas. (https://texashistory.unt.edu/ark:/67531/metapth863922/m1/6/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Patrick Heath Public Library.