PROPOSITION B
SHALL THE COMMISSIONERS COURT OF TARRANT COUNTY, TEXAS,
BE AUTHORIZED TO ISSUE BONDS OF SAID COUNTY IN THE
AGGREGATE PRINCIPAL AMOUNT OF $116,000,000 FOR THE
PURCHASE, CONSTRUCTION, IMPROVEMENT, AND EQUIPMENT OF A
CRIMINAL DISTRICT ATTORNEY OFFICE BUILDING TO PROVIDE
SPACE FOR PROSECUTORIAL EFFORTS AND FOR OTHER NONJUDICIAL COUNTY ACTIVITIES, AND FACILITIES IN SUPPORT
THEREOF, AND THE PURCHASE OR IMPROVEMENT OF SITES
THEREFOR; SUCH BONDS TO MATURE SERIALLY OR OTHERWISE
OVER A PERIOD NOT TO EXCEED FORTY (40) YEARS FROM THE DATE
OF ISSUANCE OF EACH SERIES OF BONDS IN ACCORDANCE WITH
LAW, TO BE ISSUED IN ONE OR MORE SERIES OR ISSUES AT ANY
PRICE OR PRICES AND TO BEAR INTEREST AT ANY RATE OR RATES
(FIXED, FLOATING, VARIABLE OR OTHERWISE AND NOT EXCEED
THE MAXIMUM RATE PRESCRIBED BY LAW) AS SHALL BE
DETERMINED WITHIN THE DISCRETION OF THE COMMISSIONERS
COURT UNDER LAWS IN EFFECT AT THE TIME OF ISSUANCE OR SALE
OF THE BONDS; AND SHALL THE COMMISSIONERS COURT OF THE
COUNTY BE AUTHORIZED TO LEVY AND PLEDGE, AND CAUSE TO BE
ASSESSED AND COLLECTED, ANNUAL AD VALOREM TAXES, ON ALL
TAXABLE PROPERTY IN THE COUNTY SUFFICIENT TO PAY
PRINCIPAL OF AND INTEREST ON THE BONDS AND THE COST OF ANY
CREDIT AGREEMENTS EXECUTED IN CONNECTION WITH THE
BONDS?