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ORDINANCE NO. 98-139 <br /> � AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF <br /> GRAPEVINE, TEXAS CANVASSING RETURNS AND <br /> DECLARING THE RESULTS OF A MUNICIPAL BOND <br /> ELECTION HELD IN SAID CITY ON THE 5TH DAY OF <br /> DECEMBER 1998; DECLARING AN EMERGENCY; AND <br /> PROVIDING AN EFFECTIVE DATE <br /> WHEREAS, the City Council of the City of Grapevine, Texas by ordinance duly <br /> passed and adopted, made provision for an election to be held within the City on the 5th <br /> day of December, 1998 (the "Election"), for the purpose of submitting certain propositions <br /> for the issuance of general obligation bonds to the resident, qualified voters of the City of <br /> Grapevine, Texas; and <br /> WHEREAS, this City Council has investigated all matters pertaining to the <br /> Election, including the ordering, giving notice, appointing officers, holding and making <br /> returns of the Election; the election officers who held the Election have duly made the <br /> returns of the results thereof; and said returns have been duly delivered to this City <br /> Council for official canvassing of the returns thereof; and <br /> WHEREAS, upon consideration of the returns of the Election, it appears that the <br /> Election was held in accordance with the authorized proceedings and was in all respects <br /> legally held after proper notice had been given, and that the said returns were duly and <br /> legally made, showing the following results: <br /> PROPOSITION NO. 1 <br /> THE ISSUANCE OF $30,245,000 GENERAL OBLIGATION STREET <br /> IMPROVEMENT BONDS AND THE LEVYING OF A TAX IN PAYMENT <br /> THEREOF: <br /> VOTES FOR: 1,863 <br /> VOTES AGAINST: 1,664 <br /> PROPOSITION NO. 2 <br /> THE ISSUANCE OF $6,750,000 GENERAL OBLIGATION LIBRARY BONDS <br /> AND THE LEVYING OF A TAX IN PAYMENT THEREOF: <br /> VOTES FOR: 3,012 <br /> VOTES AGAINST: 502 <br />