NOTICE OF ELECTION ORDER CALLING A BOND ELECTION
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1 NOTICE OF ELECTION THE STATE OF TEXAS WARD COUNTY MONAHANS-WICKETT-PYOTE INDEPENDENT SCHOOL DISTRICT TO THE RESIDENT, QUALIFIED ELECTORS OF SAID DISTRICT: TAKE NOTICE that an election will be held in said District as provided in an ORDER CALLING A BOND ELECTION duly passed by the Board of Trustees of said District, which Order is substantially as follows: ORDER CALLING A BOND ELECTION THE STATE OF TEXAS WARD COUNTY MONAHANS-WICKETT-PYOTE INDEPENDENT SCHOOL DISTRICT WHEREAS, the Board of Trustees of Monahans-Wickett-Pyote Independent School District (the "District" deems it advisable to call the election hereinafter ordered; and WHEREAS, it is hereby officially found and determined that the meeting at which this order was adopted was open to the public, and public notice of the time, place and purpose of the meeting was given, all as required by Chapter 551, Texas Government Code. THEREFORE, BE IT ORDERED BY THE BOARD OF TRUSTEES OF MONAHANS-WICKETT- PYOTE INDEPENDENT SCHOOL DISTRICT: 1. An election shall be held between the hours of 7:00 A.M. and 7:00 P.M. on May 4, 2019 in the District at the Monahans-Wickett-Pyote I.S.D. Business Offices, 606 South Betty, Monahans, Texas Jeff Jones, the Support Services Director (the Elections Administrator, shall serve as the early voting clerk in accordance with the terms of a Joint Resolution between the District and the City of Monahans (the Joint Resolution. The appointment of the Presiding Election Judges, Alternate Judges, early voting clerks, the Presiding Judge of the early ballot board and other election officials for the election shall be made by the Elections Administrator. 3. Early voting by personal appearance shall be conducted between the hours of 8:00 a.m. until 4:00 p.m. on each day which is not a Saturday or Sunday, or an official State or Federal Holiday, beginning on Monday, April 22, 2019, and continuing through Tuesday, April 30, 2019, with extended hours for early voting on Thursday, April 25, 2019 from 7:00 a.m. to 7:00 p.m., Saturday, April 27, 2019 from 10:00 a.m. to 2:00 p.m., Monday, April 29, 2019 from 7:00 a.m. to 7:00 p.m, and Tuesday, April 30, 2019 from 7:00 a.m. to 7:00 p.m. Early Voting by personal appearance shall be at the Monahans-Wickett-Pyote I.S.D. Business Offices, 606 South Betty, Monahans, Texas The early voting clerk shall keep the early voting place open during such hours for early voting by personal appearance. The location, dates and times for early voting by personal appearance shall be modified to include additional or different polling places designated by the Elections Administrator pursuant to the Joint Resolution.
2 4. Applications for ballots by mail should be delivered to: Jeff Jones Early Voting Clerk Monahans-Wickett-Pyote I.S.D. 606 South Betty Monahans, Texas Applications for ballots by mail must be received no later than the close of business on Friday, April 19, 2019, if in person, or Tuesday, April 23, 2019, if by mail. 5. An early ballot board is hereby created to process early voting results, and Jeff Jones is hereby appointed as the presiding judge of the board. The presiding judge shall appoint at least two other members of the board. 6. All resident, qualified electors of the District shall be entitled to vote at the election. 7. At the election the following PROPOSITION shall be submitted in accordance with law: PROPOSITION A Shall the Board of Trustees of Monahans-Wickett-Pyote Independent School District be authorized to issue the bonds of the District, in one or more series, in the aggregate principal amount of $140,000,000, for the purpose of the construction, acquisition and equipment of school buildings in the District, including the purchase of new school buses, and the purchase of the necessary sites for school buildings, with the bonds to mature, bear interest, and be issued and sold in accordance with law at the time of issuance; and shall the Board of Trustees be authorized to levy and pledge, and cause to be assessed and collected, annual ad valorem taxes, on all taxable property in the District, sufficient, without limit as to rate or amount, to pay the principal of and interest on the bonds and the cost of any credit agreements executed in connection with the bonds? 8. The official ballots for the election shall be prepared in accordance with the Texas Election Code so as to permit the electors to vote "FOR" or "AGAINST" the aforesaid PROPOSITION with the ballots to contain such provisions, markings and language as required by law, and with such PROPOSITION to be expressed substantially as follows: PROPOSITION A FOR AGAINST THE ISSUANCE OF $140,000,000 OF BONDS BY THE MONAHANS-WICKETT-PYOTE INDEPENDENT SCHOOL DISTRICT AND LEVYING THE TAX IN PAYMENT THEREOF. 9. In accordance with the provisions of Section 3.009(b, Texas Election Code, it is hereby found and determined that: (a (b The proposition language that will appear on the ballot is set forth in Section 8 hereof. The purpose for which the bonds are to be authorized is set forth in Section 7 hereof.
3 (c The principal amount of the bonds to be authorized is set forth in Sections 7 and 8 hereof. (d As set forth in Sections 7 and 8 hereof, if the bonds are approved by the voters, the Board of Trustees will be authorized to impose and levy annual ad valorem taxes, on all taxable property in the District, sufficient, without limit as to rate or amount, to pay the principal of and interest on the bonds. (e Based upon the bond market conditions at the date of adoption of this Order, the maximum interest rate for any series of the bonds is estimated to be 5.5% as calculated in accordance with applicable law. Such estimate is based on advice received from the District s financial advisor, which advice takes into account a number of factors, including the issuance schedule, maturity schedule and the expected bond ratings of the proposed bonds. Such estimated maximum interest rate is provided as a matter of information, but is not a limitation on the interest rate at which the bonds, or any series thereof, may be sold. (f As set forth in Section 7 hereof, if the bonds are approved, they may be issued in one or more series, to mature over a period not to exceed 40 years. (g The aggregate amount of the outstanding principal of the District s bonds (all of which are secured by an unlimited tax levied for debt service purposes as of the beginning of the District s fiscal year is $12,879,145. (h The aggregate amount of the outstanding interest on the District s bonds as of the beginning of the District s fiscal year is $2,656, (i The ad valorem debt service tax rate for the District for the fiscal year is $ per $100 of taxable assessed valuation. 10. The engagement of McCall, Parkhurst & Horton L.L.P. as bond counsel to the District in connection with the election and the issuance, sale and delivery of any bonds approved thereby is hereby approved and confirmed. The execution and delivery of an engagement letter between the District and such firm, with respect to such services as bond counsel, is hereby authorized in such form as may be approved by the President of the Board of Trustees or the Superintendent of the District, and the President of the Board of Trustees and Superintendent are hereby authorized and directed to execute such engagement letter.
4 AVISO DE ELECCIÓN EL ESTADO DE TEXAS CONDADO DE WARD DISTRITO ESCOLAR INDEPENDIENTE DE MONAHANS-WICKETT-PYOTE PARA LOS ELECTORES HABILITADOS QUE RESIDEN EN DICHO DISTRITO: TOMEN CONOCIMIENTO de que se celebrará una elección en dicho Distrito como se dispone en una ORDEN QUE CONVOCA A UNA ELECCIÓN DE BONOS debidamente aprobada por la Junta de Regentes de tal Distrito; dicha Orden dice sustancialmente lo siguiente: ORDEN QUE CONVOCA A UNA ELECCIÓN DE BONOS EL ESTADO DE TEXAS CONDADO DE WARD DISTRITO ESCOLAR INDEPENDIENTE DE MONAHANS-WICKETT-PYOTE VISTO que la Junta de Regentes del Distrito Escolar Independiente de Monahans-Wickett-Pyote (el Distrito considera aconsejable convocar a la elección que se ordena a continuación; y VISTO que por este medio se determina y declara oficialmente que la sesión en la cual esta orden fue aprobada estaba abierta al público, y que se dio aviso público acerca del horario, el lugar y el propósito de dicha sesión, todo como se requiere en el Capítulo 551 del Código de Gobierno de Texas. POR LO TANTO, LA JUNTA DE REGENTES DEL DISTRITO ESCOLAR INDEPENDIENTE DE MONAHANS-WICKETT-PYOTE ORDENA: 1. El 4 de mayo de 2019 se celebrará una elección en el Distrito, entre las 7:00 a.m. y las 7:00 p.m., en las oficinas administrativas del Distrito Escolar Independiente de Monahans-Wickett-Pyote: 606 South Betty, Monahans, Texas Jeff Jones, Director de Servicios de Apoyo (el Administrador de Elecciones, actuará como secretario de votación adelantada de conformidad con las condiciones de una Resolución Conjunta entre el Distrito y la Ciudad de Monahans (la Resolución Conjunta. La designación de los Jueces Presidentes de la Elección, los Jueces Suplentes, los secretarios de votación adelantada, el Juez Presidente de la junta de votación adelantada y otros funcionarios electorales para la elección deberá hacerla el Administrador de Elecciones. 3. La votación adelantada en persona se llevará a cabo de 8:00 a.m. a 4:00 p.m. todos los días excepto los sábados, domingos y feriados oficiales del estado o federales, desde el lunes 22 de abril de 2019 hasta el martes 30 de abril de 2019, con horarios extendidos para la votación adelantada el jueves 25 de abril de 2019 de 7 a.m. a 7 p.m., el sábado 27 de abril de 2019 de 10 a.m. a 2 p.m., el lunes 29 de abril de 2019 de 7 a.m. a 7 p.m., y el martes 30 de abril de 2019 de 7 a.m. a 7 p.m. La votación adelantada en persona se llevará a cabo en las oficinas administrativas del Distrito Escolar Independiente de Monahans-Wickett-Pyote: 606 South Betty, Monahans, Texas El secretario de votación adelantada mantendrá abierto el sitio de votación adelantada durante dichos horarios para la votación adelantada en persona. El sitio, las fechas y los horarios para la votación adelantada en persona serán modificados para incluir sitios de votación adicionales o diferentes designados por el Administrador de Elecciones según la Resolución Conjunta. 4. Las solicitudes de boletas por correo deben enviarse a:
5 Jeff Jones Early Voting Clerk Monahans-Wickett-Pyote I.S.D. 606 South Betty Monahans, Texas Las solicitudes de boletas por correo deben recibirse a más tardar al cierre de las actividades comerciales el viernes 19 de abril de 2019 si se entregan personalmente, o el martes 23 de abril de 2019 si se envían por correo. 5. Por el presente se crea una junta de votación adelantada para procesar los resultados de la votación adelantada, y se designa a Jeff Jones como juez presidente de la junta. El juez presidente designará al menos a otros dos miembros de la junta. 6. Todos los electores habilitados que residen en el Distrito tendrán derecho a votar en la elección. 7. En la elección se someterá la siguiente PROPOSICIÓN de acuerdo con la ley: PROPOSICIÓN A Se autorizará a la Junta de Regentes del Distrito Escolar Independiente de Monahans-Wickett- Pyote a emitir bonos del Distrito, en una o más series, por un importe total de capital de $140,000,000 para la construcción, la adquisición y el equipamiento de edificios escolares en el Distrito, lo que incluye la compra de buses escolares nuevos y de los sitios necesarios para edificios escolares, y los bonos vencerán, devengarán interés y se emitirán y venderán de acuerdo con la ley vigente al momento de la emisión; y se autorizará a la Junta de Regentes a imponer y prendar, y a hacer que se evalúen y recauden, impuestos ad valorem anuales sobre todas las propiedades gravables en el Distrito, sin límites en cuanto a la tasa o el importe, suficientes para pagar el capital y el interés sobre los bonos y el costo de todo arreglo crediticio ejecutado en relación con los bonos? 8. Las boletas oficiales para la elección se prepararán de acuerdo con el Código Electoral de Texas a fin de permitir que los electores voten A FAVOR o EN CONTRA de la PROPOSICIÓN anteriormente mencionada, y las boletas contendrán dichas disposiciones, marcas y lenguaje exigidos por la ley, y dicha PROPOSICIÓN deberá expresarse sustancialmente como sigue: PROPOSICIÓN A A FAVOR EN CONTRA LA EMISIÓN DE BONOS POR EL IMPORTE DE $140,000,000 POR EL DISTRITO ESCOLAR INDEPENDIENTE DE MONAHANS-WICKETT-PYOTE, Y LA IMPOSICIÓN DE IMPUESTOS PARA EL PAGO DE DICHOS BONOS. 9. De acuerdo con las disposiciones de la Sección 3.009(b del Código Electoral de Texas, por el presente se declara y determina que: (a (b (c El lenguaje de la proposición que aparecerá en la boleta se establece en la Sección 8 del presente. El propósito para el cual se autorizarán los bonos se establece en la Sección 7 del presente. El importe de capital de los bonos que se autorizará se establece en las Secciones 7 y 8 del presente.
6 (d Como se establece en las Secciones 7 y 8 del presente, de ser aprobados los bonos por los votantes, se autorizará a la Junta de Regentes a imponer y recaudar impuestos ad valorem anuales sobre todas las propiedades gravables en el Distrito, sin límites en cuanto a la tasa o el importe, suficientes para pagar el capital y el interés sobre los bonos. (e Dada la condición del mercado de bonos prevalente a la fecha de adopción de esta Orden, la tasa de interés máxima para cualquier serie de los bonos se estima que será del 5.5%, calculada de acuerdo con la ley correspondiente. Dicha estimación se basa en el consejo recibido por parte del asesor financiero del Distrito; consejo que considera varios factores, incluyendo el calendario de emisión, el calendario de vencimientos y la calificación prevista de los bonos propuestos. Dicha tasa de interés máxima estimada se provee con fines informativos, y no representa un límite en cuanto a la tasa de interés a la que se venderán los bonos, o cualquier serie de los mismos. (f Como se establece en la Sección 7 del presente, de ser aprobados los bonos, dichos bonos pueden emitirse en una o más series, y vencer durante un período que no sobrepasará los 40 años. (g El importe total del capital a pagar con respecto a los bonos del Distrito (los cuales están todos asegurados mediante la imposición de un impuesto ilimitado para fines del servicio de deuda al inicio del año fiscal del Distrito es de $12,879,145. (h El importe total del interés a pagar con respecto a los bonos del Distrito al inicio del año fiscal del Distrito es de $2,656, (i La tasa de impuesto ad valorem para servicio de deuda del Distrito para el año fiscal es de $ por $100 de valoración catastral gravable. 10. Por el presente se aprueba y confirma la contratación de McCall, Parkhurst & Horton L.L.P. como asesor de bonos del Distrito en relación con la elección y la emisión, venta y entrega de todo bono aprobado de este modo. La celebración y el envío de una carta de contratación entre el Distrito y dicha firma, con respecto a tales servicios de asesoría de bonos, por el presente se autoriza de tal manera como sea aprobado por el Presidente de la Junta de Regentes o el Superintendente del Distrito, y por el presente se autoriza y ordena al Presidente de la Junta de Regentes y al Superintendente a celebrar tal carta de contratación.
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