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HomeMy WebLinkAboutR69-38 06-26-69CITY OF PEARLAND A RESOLUTION IN OPPOSITION TO ANY LIMITATION ON THE TAX EXEMPT STATUS OF INTEREST PAID ON MUNICIPAL BONDS WHEREAS, the Congress of the United States is considering several plans which would limit the exempt status for income purposes of interest paid on bonds issued by cities; and WHEREAS, any limitation on tax exemption of interest paid on muni- cipal bonds will result in higher interest rates to be paid by cities, and limit the market for such bonds; and WHEREAS, such limitation on tax exemption of interest paid on municipal bonds will handicap local government in securing funds for public improvements, and increase the burden on local taxpayers and on users of public facilities; now therefore BE IT RESOLVED by the CITY COUNCIL of the City of PEARLAND that it go on record as opposing any plan by the Congress of the United States that would in any way limit the tax exempt status of interest paid on bonds issued by state or local governments; and BE IT FURTHER RESOLVED that a copy of this Resolution be mailed to the United States Senators from Texas, and to the Member(s) of Congress in whose district the City of PEARLAND is located. 1 PASSED AND APPROVED at 26 day of June ATTEST: Pearland , 1969. Texas, this the (" November 18, 1969 Honorable Eligio de la Graza 'United States Congressman House of Representatives Washington, D. C. Dear Congressman de la Graza: Attached is a copy of a resolution passed by the City Council of the City of Pearland. I think the resolution speaks for itself; however, as an elected representative of the people of the State of Texas we implore your negative vote on any proposition which would cause the effective rate of municipal bonds to be increased. More specifically, we solicit your negative vote on that proposition now pending which will, if apassed, result in the removal of income tax exempt status of municipal bonds . The governing body of Pearland, is availing itself of each opportunity to make abundantly clear to your consitutents that the passage of this legislation will inevitably result in increased ad valorem taxes, and the direct responsibility for such increase will rest with you, your influence, and your vote. . Kindest personal regards, D. R. Keller Mayor DRK:dlc enc . 'k timm November 18, 1969 Honorable John Young United States Congressman House of Representatives Washington, D. C. Dear Congressman Young: Attached is a copy of a resolution passed by the City Council of the City of Pearland . I think the resolution speaks for itself; however, as an elected representative of the people of the State of Texas we implore your negative vote on any proposition which would cause the effective rate of municipal bonds to be increased. More specifically, we `solicit your negative vote on that proposition now pending which will, if passed, result in the removal of =income tax exempt status of municipal bonds . The governing body of Pearland, is availing . itself of each opportunity to make abundantly clear to your constituents that the passage of this legislation will inevitably result in increased ad valorem taxes, and the direct responsibility for such increase will rest with you, your influence, and your vote. Kindest personal regards, D. R. Keller: Mayor DRK:.dlc enc. l - rdah November 18, 1969 Honorable Graham Purcell United States Congressman :. .'House of Representatives _:..,.Washington, D. C. Dear Congressman Purcell : Attached is a copy of a resolution passed by the City Council of the City of Pearland. 1 think the resolution speaks for itself; however, as an elected representative of. the people of the State of Texas we implore your negative vote on any proposition which would cause the effective rate of municipal bonds to be increased. More specifically, we solicit your negative vote on that proposition now pending which will, if passed, result in the removal of income tax exempt status of municipal bonds . The governing body of Pearland, is availing itself of each opportunity to make abundantly clear to your constituents that the passage of this legislation will inevitably result in increased ad valorem takes, and the direct responsibility for such increase will rest with you, your influence, and your vote . K±ndesi personal regards, D. R. Keller Mayor DRK:dlc enc. a411Nr 410 • November 18, 1969 Honorable Jim Wright United States Congressman House of Representatives Washington, D. C. Dear Congressman Wright: Attached is a copy of a resolution passed by the City Council of the City of Pearland . I think the resolution speaks for itself; . however, as an elected representative of the people of. the State of Texas we implore your negative vote on any proposition which would cause the effective rate of municipal bonds to be increased. More specifically, we solicit your negative vote on that proposition now pending which will, if passed, rew It in the removal of income tax exempt status of municipal bonds.. The governing body .of Pearland, is availing itself of each opportunity to make abundantly clear to your constituents that the passage of this legislation will inevitably result in increased ad valorem taxes, and theddirect responsibility for such increase will rest with you, your influence, and your vote. Kindestepepeonal regards , " D. R. Keller Mayor DRK:dlc enc . 11141111rr November 18, 1969 Honorable W. R. Poage United States Congressman House of Representatives Washington, D. C. Dear Congressman Poage: Attached is a copy of a resolution passed by the. City Council of the City of Pearland, Texas . I think the resolution speaks for itself; however,, as an elected representative of the people of the State of Texas, we implore your negative vote on any proposition which would cause the effective rate of municipal bonds to be increased. More specifically, we solicit your negative vote on that proposition now pending which will, if passed, result in the removal of income tax exmpt satus' of municipal bonds . The governing body of Pearland, is availing itself of each opportunity to make abundantly cleat' to your constituents that the passage of this legislation will inevitably result in increased ad valorem taxes, and the direct responsibility for such increase will rest with you, your influence, and your vote. Kindest personal regards, D. R. Keller Mayor DRKsdlc enc. v November 18, 1969 Honorable J. J. Pickle United States Congressman House of Representatives Was uington, D. C. Dear Congressman Pickle: Attached is a copy of a resolution passed by the City Council of the City of Pearland. I think the resolution speaks for itself; however, as an, elected representative of the people of Texas we 'implore, your negative vote on any proposition which would cause the effective date of municipal bonds to be increased. More specifically, we solicit your negative vote on that proposition now pending which will, if passed, result in the removal of income tax exempt ttatus of municipal bonds . The governing body of Pearland, is availing itself of each opportunity thlea:Rkeoabundantly clear to your constituents that the passage of this legislation will inevitably result in increased ad valorem taxes, and the direct responsibility for such increase will rest with you, your influence, and your vote. Kindest personal regards, D. R. Keller Mayor DRK:dlc enc. 4014/k 1 • • • . • . • r. .• . • - • . . . . . • . .. • - . 1 - . 1 • •. • • • ... • 3 ; .. • 1 l• • • r • , . • .I I , Hovetber .18, 1969' Honorable Jack Brooks United States Congressman House of Representatives Washington, D. C. Dear Congressman Brooks : Attached is a copy of a resolution passed by the City Councilof the City of Pearland . I think the resolution speaks for itself.; however, as an elected representative of the people of the State of Texas we implore your negative vote on any proposition which would cause the effective rate of municipal bonds to be increased. More specifically, we solicit your negative vote on that proposition now pending which will, if passed, result in the removal of income tax exempt status of municipal bonds . The goberning body of Pearland, is availing itself of each opportunity to make abundantly clear to your constituents that the passage of this legislation will inevitably result in increased ad valorem taxes, and the direct responsibility for each increase will rest with you, your influence, and your vote. Kindest personal regards, D. R. Keller Mayor DRK:die enc. : ‘.*41111.01 R ' November 18, 1969 Honorable Bob Eckhardt United States Congressman House of Representatives Washington, D. C. Dear Congressman Eckhardt: Attached is a copy of a resolution passed by the City Council of the City of •Pearland. I think the resolution speaks for itself; •howe'ver, as an elected representative of the people of the State of Texas we implore your negative vote on any proposition which would cause the effective rate of municipal bonds to be increased. More specifically, we solicit your negative vote on the proposition now pending which will, if passed, result in the removal of income tax exempt status of municipal bonds . The governing body of Pearland, Texas, is availing itself of each opportunity to make abundantly clear to your constituents that the passage of this legislation will. inevitably result in increased ad valorem taxes , and the direct responsibility for such increase will rest with you, your influence, and your vote. Kindest personal regards, D. R. Keller Mayor DRK:dlc enc. 14') * November 18, 1969 Honorable George Bush 'United States Congressman House of Representatives 'Washington, D. C. Dear Congressman Bush: Attached is a copy of resolution passed, by the City Council of the City of Pearland . I think the resolution speaks for itself; however, gs an elected representative of the people of the State of Texas we implore your negative vote on any proposition which would cause the effective rate of municipal bonds to be increased. More specifically, we solicit your negative vote on that proposition now pending whabhhwill, if passed, result in the removal of income tax exempt status of municipal bonds . The governing body of Pearland, Texas, is availing itself of each opportunity to make abundantly clear to your constituents that the passage of this legislation will inevitably result in increased ad valorem taxes, and the direct responsibility for each increase will best with you, your influence, and your vote. Very truly yours, D. R. Keller Mayor DRK:dlc enc . i R c SW \ November 18, . 1969 :'. .Honorable Olin E. Teague United States Congressman House of Representatives Washington, Dm C. Dear Sir: Attached is .a copy of a resolution passed by the City Council of the City of Pearland . Inthink_ the resolution speaks for itself; however, as an elected representative of the people of the State of Texas - we implore your negative vote on any proposition which would cause the effective rate of municipal bonds to be increased. More specifically, we solicit your negative vote on that proposition now pending whdabhhwill, if passed, result in the removal of income tax exempt status of municipal bonds. The governing body of Pearland, Texas, is availing itself of each opportunity to make abundantly clear to your constituents that the passage of this legislation will inevitably result in increased ad valorem taxes , and the direct responsibility for such increase will rest with you, your influence, and your vatb2- Kindest personal regards, D. R. Keller Mayor DRK:d1c enc.. Am, November 18, 1969 Honorable Wright Patman United States Houee of Representatives Washington, D. C . Dear Sir: Attached is a copy of a resolution passed by the City Council of the City of Pearland: I think the resolution speaks for itself; however, as an elected representative of the people of the State of Texas we implore your negative vote on any proposition which would cause the effective rate of municipal bonds to be uncreased. More specifically, we solicit your negative vote on that proposition now pending which will, if passed, result in the removal of income tax exempt status of municipal bonds . The governing body of Pearland, Texas, is availing itself of each opportunity to make abundantly clear to your constituents that the passage of this legislation will inevitably result in increased ad valorem taxes and the direct responsibility for such increase will rest with you, your influence, and your vote . Itgdest personal regards, D. R. Keller Mayor DRE :dlc enc . November 18, 1969 • Honorable Wright Patman United Sttes . . w r - November 18, 1969. Honorable John Dowdy United States House of Representatives Washington, D. C . Dear Sir: Attached is a copy of a resolution passed by the City Council of the City of Pearland . I think the resolution speaks for itself; however, as an elected representative of the people of the State of Texas we implore your negative vote on any proposition which would cause the effective rate of municipal bonds to be increased . More specifically, we wolicit your negative vote on that proposition now pending which will, if passed, result in the removal of income tax exempt status of municipal bonds . The governing body of Pearland, Texas, is availing itself of each opportunity to make abundantly clear to your constituents that the passage of this legislation will inevitably result in increased ad aalorem taxes , and the direct responsibility for such increase will rest with you, your influence, and your vote. Kindest personal regards, D. R . Keller Mayor DRK:dlc enc . 4 .• November 18, 1969 Honorable Jim Collins United States Congressman House of Representatives Washington, D. C. Dear. Sir : Attached is a copy of a resolution passed by the City Council of the; City of Pearland . I think the resolution speaks for itself; however, as an elected „ representative of the people of the State of Texas we implore your negative vote on any proposition which would cause the effective rate of municipal bonds to be increased. More specifically, we solicit your negative vote on that proposition now pending which will, if passed, result in the removal of income tax exempt status of municipal bonds . The governing body of Pearland, Texas, is availing itself of each opportunity to make abundantly clear to your constituents that the passage of this legislation will inevitably result in increased ad valorem taxes, and the direct responsibility of such increase will rest with you, your influence, and your vote Kindest personal regards , D. R. Keller Mayor DRK:dlc enc . �� November 18, 1969 Honorable Ray Roberts United States Congressman House of Representative Washington, D. C. Dear Sir: Attached is a copy of a resolution passed by the City Council of the City of Pearland . 2 think the resolution speaks for, itself; however, as an elected representative of the people of the State of Texas we implore your negative vote on any proposition which would cause the effective rate of municipal bonds to be increased. More specifically, we solicit your negative vote on that proposition now pending which will, if passed, result in the removal of income tax emempt status of municipal bonds. The governing body of Pearland, Texas, is availing itself of each opportunity to make abundantly clear to your constituents that the passage of this legislation will inevitably result in increased ad valorem taxes, and the direct responsibility for such increase will rest with you, your influence, and your vote. Kindest personal regards, D. R. Keller Mayor DrK:die enc . • • • • 1 .0121*\ November 18, 1969 Honorable Earle Cabell United States Congressman House of Representatives Washington, D. C. Dear Sir: Attached is a copy of a resolution passed by the City Council of the City of Pearland. I think the resolution speaks for itself; however, as an elected respresentative of the people of the State of Texas we implore your negative vote on any proposition which would cause the effective rate of municipal bonds to be increased. More specifically, we solicit your negative vote on that proposition now pending which will, if, passed, result in the removal of income tax exempt status of municipal bonds. The governing body of Pearland, Texas, is availing itself , of each opportunity to make abundantly clear to your constituents that the passage of this leg&Slation will enevitably result in incneased ad valorem taxes, and the direct repponsibility of such increase will rest with you, your influence, and your vote. Kindest personal regards, D. R . Keller Mayor enc . 1 ` 2 • • • • November 19, 1969 • honorable Richard C. White United States Congressman • Rouse of Representatives Washington, D. C. • Dear Congressman White: Attached is a copy of a resolution passed by the City Council of the City of leariand. I think the resolution , , speaks for itself; however, as an elected representative of the people of the State of Texas we implore your negative vote on any proposition Which would cause the effective rate of municipal bonds to be increased. • More specifically, we solicit your negative vote-on that proposition now pending which will, if passed, result in the removal of income tax emempt status of municipal bonds. 0H ;'. The governing body of xearl.and, Texas, is availing itself of each opportunity to make abundantly clear to your constituents that the passage of this legislation will ,4' . inevitably result in increased ad valorem taxes, and the direct responsibility for such increase will rest with you, your influence, and your vote. Kindest personal regards, D. R. Keller • Mayor end. I . • November 19, 1969 Honorable Omar Burleson ignited States Congreasdan Rouse of •Representatives Washington, D. C. • Dear Congressman Burleson: Attached is a copy of a resolution passed by the 'City Council of the City of Pearland. 1 think the resolution ' w, speaks for itself; however, as an elected representative of the .people of the State of Texas we implore your negative vote on any proposition which would cause. the effective rate of municipal bonds to be increased. • • 7 ire specifically, we solicit your negative vote on that.pmoposition now pending which will, if passed, result in the removal of income tax•exempt status of municipal ' i. bonds. • The governing body of Pearland, Texas, is availing itself of each opportunity to aakkeibundantly clear to • your constituents that the passage of this legislation will inevitably result in increased as valorem tames, and the direct responsiblity for such increase will rest with . you, your influence, and your vote. Kindest personal regards, D. R. Keller Mayor DRX:ms enc. 7,1 i , 1 _ 11: .• d , . ' . . ,1 • •I November 19. 1969 I I, I 4 I , , aonorable tenry 11, Genialec United States Congrealsian 11 tii:iiiiie 'Of Repetentaii4e4 - , 1, Withington, D;:c.; Dear tongiessian dontAlest . . Attached is • copy of a resolution Passed by the -City . Ceti/Oil Of the City of resiiliod.. I ,think the .resolution 'speak* for itself; heMiver; as an elected,representative, .,. 'of the people of the State of terse me implore 'Our ItiegstiVe _ vote on any proposition which Mould cause the effective rite Of rainicipil bonds te be -ineresSed. : , ! • ..: ?fore specifically, we,solicit your negative vote on 1 ,. that.proposition now pending which will,, if,gasSed;'-rastilt : 1, in the removal of inedie tax eieupt status of 'muMicilial bonds.i, V The governing body. of Pearland, Texas., is. availing itself of each opportunity to make abundantly clear Clear to your *matit, L'... . IL: uente that the passage 'of this legislation will, inevitably result; in inereased‘lad-Nalorem taxes,: and the direct :r!e- sponsibility for such increase Mill rest with you, yo*r., ill- flueneeb, and your 'Mike., .: ' & ,,yi : • i. „.. ,Endest personal; regards, !: . ., fr7,1 . s . ,.,; VV . D. R. teller , , 11 :, aye* DIR:ms enc.," V 1\ 1 1 , V. 1' 11 , \ ' , • : i ) 1 . , i . ,, • \\ 4 , • • • aft eel xstinsvcq( • T*1szno0 .1 tIns* 3ld*3orYo* • amisesigdo0 s6/aia 7)5/14 • ssviys3asts74,I 16 esaa1 .0 AI ,no3 gssldisW sslzi no0 aIUtsszgrto3 xs9Q t/ 2 sd3 ¶d ttsss*, nolJulossx s to tip* s 01 bssf'6sti33A aolwuloasz sd3 Add/ I 10 g310 sib 3o 1136660 60 svfcis3nsaswEx b93osls as is essV9WOd ,31aa3t 7o1 aai�s9q oVilsgoa wog saolipalr sw aaxs, io ois4a. 941 to slo9q sd# 3o 97Ax sv134s1 9d3sigitsa bluer 4o.h*w no 1so*o74 xi* no 53ov ibsuseez3at 3d 03 *Mod 1'a4131604 to • slov av#3sgsn limy t1311oe sw 0(11as1113sga 6340 31uas3' ,bsaersq 3l ,111w d324w ga.fbnsq wort no13Isogoxq 3141 „eb"Aod 1s4231, a 3o Wails 310Nxs x53 eMo3ulr to isvo119t 3t1i 61 19��1 ialllsys al sa d' ,bas1is,R 3o 'bod sxtnmsvag sdT -311.an63 lot o3• /gel* x13atbards dolt 63 316631oggo doss 3.o Y1ds#1vssti 111w aolle.s1101 *Iris Io stii.as$q sd3 3$d3 sinsu 4 Y 33'97.tb 642 ban ,aslxsi ,zolssv ba bssssi3n.t `rs-?1u*sz -0 110 ,uo'., d3.tw 3as% 111w 9ss37641r rf3us lot 10111cUenoga .33ov iuoi bus 06.ttsult • • sbzsas-.1snoazsii 3ssbn " 33114 .1 .a Yoh nib° ' (; • sw� C . .0a6 • /: - November 19, 1969 Honorable Bob. Price United States Congressman House of Representatives. Washington, DC C. Dear Congressman Price: _ - - . Attached is a cop* Of a resolution passed by 'the,City Council of the Cityof Pearland. think the resolution .speaks for itself; however, ae..an elected.'representative' of the people of the State of Texaia we, isplore your negative vote on any proposition which would .cause the- effective rate of -municipalbonds to be increased. . More specifically, cue solicit your negative:vo.te on that proposition now'pending' which' vill, if passed, .result in the removal of inco*e tax'eatep, status 'of muniei}al bonds. - The governing body of Pearland, Texas, ,is availing itself of. each opportunity- to make abundantly .clear- to, your 'constituents -that the.passage-of this legislation will inevitably.result in increased'.ad ,valorem taxes,, end the direct responsibility for, such increase will rest'With you, your influence, and your vote. Kindest personal, regards, If r D. R. Keller . Mayor DRT.:me enc. I ii • • November 19, 1969 Honorable George fit. Mahon United States Congressman Douse of .Representatives Washington, ;A.. c. Dear Congressman Mahon: Attached is a copy of a resolution passed .by the City Council of the City of Pearland. t think the resolution " speaks for 'itself,; however, as an elected representative • of the people of the State of Texas we implore your negative vote on any proposition which.,would cause .the effective rate-of municipal bonds to be increased. More specifically, we solicit ,your negative vote an • that propositinu now pending.which will, if paercl, result in the removal of income tax exesipt status 'of mnniclpal • bonds. The governing body of ;;P.earland, Texas, is .nvail.ing itself of each opportunity to cake abundantly cirear to . • your constituents that the passage of this legislation will inevitably result in increased as valoren'taxes.,: ,and the direct responsibility ,for such increase will rest With it you, your influence, and your vote. Xindest personal regards, D R. Keller Mayor Dlinas I 1 enc. ' 11 • I I I`\ ,1 . : / I - 9= = ''• P ( !.. :-• / . . . . 1 , , . ., • . • • i • • . . , . . , . liovesHaSviesrlt.V 1969 , • • ' ' ' . . . . ' Honorable O. C. Fisher • • United: States Congressman • .. ' Rouse of Repreaentititvea: • ' • , . Washington, 0. C. . .' -' 1 • ' i'- Dear •Congrestaian•Yisher: , , • , ' , 1. • , • . • . ... . . • — - .f Attached ia a copy of..a.resolution,passed by the City • . ; ,, • i ) • ' . i• Council of the City Ot/Hearland'. " I think tlieraiolt.atiOn speaks or fOr lts4lft.:''btoileVer?,; as In elected representative • '' • ' ,,‘;k,,\\ . Of the ,09PIAD Of the',State,Of:,TeXas'we' pip1Ora.yoUr'--,ii4itive : • •' .,. vote on'any proposition which '..wo41.4 cause the effective rate rite of':.aanitchoak;-boticlil-'6',..43:a4nereased. ' : . l'Irc ' ' ''• ,,..-.L. •,.:-.?, • 1 . , , . . \. •Hore specifically, we solicit your negative vote On . : that proposition' noitt pending iStaill ig/114. ;14':-Oiatiedic,':reault • , lilt' the. *esioval of 40Ooiiit'`•:foit'iistiipt status'r-Of ittgriicl.00:"' . , bonds.,: '. ' ' ' --• , - ... : - .. • '. • - • - - • - I '.: • .-, - i ,'1 .• , lit., .. . , . , . The 'goyernins body of•,Pearlandi Texas', is availing • ' •' • ',.-.,• , , itself of each, opportunity to lake ibndiaritli'elear-:td," ' ' • , •*. •: • '' ' . , ;• • YOUr;•cOns.tltuente•that the passage of this legislation ' li. . will )1.,nevitabb4,raintt:In increased ad vialat,e3i.:t1*eSi,i!:and , . titi'•direci restionaiSittir;..fortiuth. increase will''rest with . , . you, your 'inflyienee'i,'ind your vote. -*Q. .: • • .•.f..i!,!., • , , .Hindesi personal regards,- i 11 i'. . .\•.",. • • I'. . li \ l' • I ‘ • . . i\ \ \.‘ • • 0. •Ii. .Heller '-'••:,• , k, Itayot • . \ \ . , , • . . . DU*. \ . . . . .,, 'cs.‘' • . .,,,. . ; I , 1: A • November 19, 1969 Honorable lob Casey Nutted States Congressman House'of Representatives Washington, D. C. Dear Congressman Casey: Attached •is a Copy of a resolution passed by the City Council of- the City of Pearland. I think the resolution speaks for itself; however, as an elected representative of the people of the State of Texas we implore your negative vote on any proposition which would cause the effective rate of municipal bonds to be increased. More specifically, we solicit. your negative vote on that proposition now pending'whicb will, if passed,' result in the removal of income' tax exempt Status of za ntcipal bands. • The governing body of tearlapd, Texas., is availing itself of each opportunity to mike abundanitly clear to. your conatituenti that.the passage of this legislation will , inevitably result in increased a , vslorep taxes, and the . direct reaponsi6tti:ty for such increase will rest with you, your influence, and your vote. • • Kindest personal regards, • Keller • Mayor DRK:ms enc. • li LveiTaer 19, 1969 Wonorable Abraham Kasen aLted States Congressman ,Douse of Representatives Washington," D. C. • Dear Congressaan Eazen: • Attached is copy of a resolution passed by the City Council of the City of Pearland. Y think the resolution speaks for itself; however, as an.electe& representative of the people-of the State of Texas we implore your negative - vote' on any proposition which would cause the'effect-ive rate of ;municipal bonds to be. increased, Mare specifically, we solicit your negative vote on that proposition now pending which will, if passed, result • in the removal of income tax a ,t• status of municipal bonds. . The governing body of Pearland, Texas, is availing itself of each opportunity to sake abundantly clear to your aonstituents •thet the passage of this. legisletion will inevitablyyresult.. in 'increased ad valorem taxes, and the direct responsibility for such increase will rest with you, your influence, and your vote. Kindest personal regards, D. A. teller Mayo: Dltam enc. • s'• *member 19, 1969 . . • , Konorable 'Kelph Yarborough United' States Senator Washington,Washington, V. C,. Dear Senator Yarborough: ! • , • attaahed,is :a copy of a resolution PaiSedby ,the , City.COuncil ,of the•Lityof Tosrland. l'think the reser lution apeadics 'for itself, however, asan electsd, reprekentative,of.thepeople•of, the State of Texas we .. iXplorayournegatiye vote olOaily,propeeitien whieb. would cause the effective rate.of:municiOal. bonds to • be increased.' More apscifiCally, we aplf.ptt yonr.nootiNT vote on that:proposition now pending Which will; ifoiliSed, result' in the'reweVal. of ineoste'tix. ekeOpt status of nunicipal' honds4 r . ' The governing body of fearland., TeXes:As ,availing ._. • , . itself of eachcppOrtunity to se abundantly clear to yeureonstituents'that the passag. of this legislation will Ln.vitablyreiuirin increased ad valereiatexee. and the diriet reSPOnsibility.fer such increase will • rest with you, .yourfinflUertee; and your vote. • Kindest personal regards, • \ 15. R. Koller . . Wyor DiKona.,• enc. . r t . 1' f r r • u • ii QUI ,eI Y9c svoN } 1 zsmT aft. olds/ono* 7Ojacrs3 es/102 bsi.isiU .3 .0 ,molg Ides'W , I , stil xd belongiolloloeai a to moo a el bst ssisd ii sdl gnisb_ I .bwalsas. to 1013 'd4 3o 1. ortsrt* 1013 bs/nolse ctm ea orovowort itioal. 'io lia:+4s nolIul aabl .; E,axs' to 91si8 adi io sIjosq sill zo wtk.isit tszgsz q do. rw t.€olJleogozg via me 92c v sv. lsgtrs :tao sxeltigti sw of *heed -i.tregoi4ut 3o 'iaz sv1109319 sati sarraa blsrca J 11 .b'asolm ii sd i. 9tov 9171/arrsr Took- iipllas ow txlisolilasila sxt . ,bs!veng li ,Illw dolrir snlbnoq won sm..i.Yavqozg iodi ao 3c sriiaua igooxo *a, s.outk to Isvr s 'd3 ni ilzzava i`'I •sbnod 1sg ai gaillays al coaxal' ,m1 ss% to ;mod "d InIne*vsg .sa i ab of xRs.ia _*,`1 nab d+u t: ci g0.'rtx�niz +4to tb o Ic 3S,�s3s Ito±islt'1391 aid3 to tegaasaq *Al :tastier sit /liaise truce( k as*si 097olav as bsasslud vl /Was/ ledsi_'tvsizs Ilia' ii 111w salsolotai dove sot 1011idiesoga9x 7osz1b sg7.1 Lacs Wei :foal boo ,sottsasltrii svcrg ),ttdC dilw iasz ! t a a blogsz.lennassq ia. btr li 1 f :f 1`{ ��1 7s1141 ..1 .g :11 ICE 1 I "us:1111141 .otts I 1 r is it • i9 ii 't' / CITY OF PEARLAND A RESOLUTION ..,1` Jf ) IN OPPOSITION TO ANY LIMITATION ON THE TAX EXEMPT STATUS OF INTEREST .PAID ON MUNICIPAL BONDS WHEREAS, the Congress of the United States is considering several plans which would limit the exempt status for income purposes of interest paid on bonds issued by cities; and WHEREAS, any limitation on tax exemption of interest paid on muni- cipal bonds will result in higher interest rates to be paid by cities, and limit the market for such bonds; and WHEREAS, such limitation on tax exemption of interest paid on municipal bonds will handicap local government in securing funds for public improvements, and increase the burden on local taxpayers and on users of public facilities; now therefore BE IT RESOLVED by the CITY COUNCIL of the City of PEARLAND that it go on record as opposing any plan by the Congress of the United States that would in any way limit the tax exempt status of interest paid on bonds issued by state or local governments; and BE IT FURTHER RESOLVED that a copy of this Resolution be mailed to the United States Senators from Texas, and to the Member(s) of Congress in whose district the City of PEARLAND is located. 9 • PASSED AND APPROVED at Pearland Texas, this the 26 day of June , 1969. (I . Mayor ATTEST:. al-24--/7--1 -- • . - _: : -- J.,-,4_,LA.2,_ - ity Secretary) o (- - Iv) . . 17(4 i' p r, if July 14, 1969 �i . Honorable Ralph Yarborough ' United States Senator Washington 25, D. C. Dear Senator Yarborough: We are enclosing copy of resolution passed by the Pearland City Council in a regular meeting held on June 26, 1969. This resolution was passed unanimously by the Council and we would appreciate your efforts in opposition to any limitation on the tax exempt status of interest paid on municipal bonds . Very truly yours, Dorothy L. Cook ". . City Secretary dlc enc. 1 , } July 10, 1969 i; 1 \ Honorable John Tower I \ \ United' States Senator ) \• \� Washington, D. C . l t Dear Senator Tower: We are enclosing copy of resolution passed ( l by the Pearland City Council in a regular meeting held on June 26, 1969. , This resolution was passed unanimously by the Council and we would appreciate your efforts A i, in opposition to any limitation on the tax exempt C1 status of interest paid on municipal bonds . Very truly yours, Ij 1; I `' F ix Dorothy L. Cook l` City Secretary die A enc. I �.a,• ) (17 *14; TEXAS MUNICIPAL LEAGUE 801 VAUGHN BUILDING AUSTIN.TEXAS 78701 - AREA CODE 512 GReenwood 8-8801 STEPHEN J.MATTHEWS Executive Director RILEY E. FLETCHER General Counsel June 19, 1969 Dear City Official: At a recent meeting, the TML Board of Directors asked me to prepare and forward to you a suggested form for a resolution by your city coun- cil or commission opposing any limitation on the tax exempt status of municipal bonds. Such a resolution is enclosed. For your added information, municipal bond tax exemption is under the most serious-threat experienced in its history. Removal of the exemp- tion.could result in top-rated bond interest rates close to the 8 1/2% prime bank rate now paid by private corporations. The added cost to any city which undertakes bond-financed capital improvements would be sub- stantial. An attempt is being made in Congress to eliminate the exemption as part of a popular tax reform bill. It may succeed unless you act now to let your Senators and Congressman know how you feel on the matter. If you would like to have more information, please see the article on the subject in the June issue of Texas Town & City. Should you need any addi- tional details, please contact the League office. • Sincerely yours, Steve Matthews - SM:mp Executive Director • Encls. .7l1N '.20 CITY OF PEA:,, .. l • CITY OF I EARLAND A RESOLUTION IN OPPOSITION TO ANY LIMITATION ON THE TAX EXEMPT STATUS OF INTEREST PAID ON MUNICIPAL BONDS WHEREAS, the Congress of the United States is considering several plans which would limit the exempt status for income purposes of interest paid on bonds issued by cities; and WHEREAS, any limitation on tax exemption of interest paid on muni- cipal bonds will result in higher interest rates to be paid by cities, and limit the market for such bonds; and , WHEREAS, such limitation on tax exemption of interest paid on municipal bonds will handicap local government in securing funds for public improvements, and increase the burden on local taxpayers and on users of public facilities; now therefore BE IT RESOLVED by the City Council of the City of Pearland that it go on record as opposing any plan by the Congress of the United States that would in any way limit the tax exempt status of interest paid on bonds issued by state or local governments; and BE IT FURTHER RESOLVED that a copy of this Resolution be mailed to the United States Senators from Texas, and to the Member(s) of Congress in whose district the City of Pearland is located. (0 246 Mayor Kellerrsta-,ed that the City Attorney requests permission to amend the Dog Ordinance No . .173, t,hich was passed by the Council, however, 1-,as subject to publication before it would be ,enforceable . This matter to be placed on the` neet agenda with the understanding that the amended ordinance will be received at least four days prior to the next regular meeting, so that the Council will have time to go over the various amendments . Mayor Keller appointed a Committee of Councilman Wasek and Council- men Ellis to come back at the next regular meeting with firm recommendations for the establishment of a city dog pound . PETITION FOR ANNEXATION - RALPH A. ?r IEMHOFF, ET UX. It was moved by Councilman McComb, seconded by Councilman Black that the petition of annexation of Ralph A. Wemhoff, et ux. be accepted by the City of Pearland and Ordinance be prepared by the City Attorney anner.ing the area described in this petition . Motion passed 5 to 0 . NEW BUSINESS : It was moved by Councilman Black, seconded by Councilman: Gr7ffin that the Resolution be adopted in opposition to any limitation on the tax e :.empt status of interest paid on municipal bonds . Motion passed 5 to 0 . WATER METER BIDS : It was moved by Councilman McComb, seconded by Councilman Ellis that upon the recommendation of Director of Public Work ' s Harris; the Rockwell Meter Manufacturing Company be awarded the bid for water meters at a rate of $34. 30 per meter, and that bid security checks be returned to unsuccessful bidders . Motion passed 5 to O . WATER LINE - MAIN STREET - RICE DRIER ROAD TO HALIK ROAD - WEST SIDE OF MAIN STREET: It was moved by Councilman McComb, seconded by Councilman Griffin that the Public Work' s Director be authorized to install an 8" water line with necessary appurtenances on the west side of Highway 35 to just beyond Halik Road and install a fire plug. The Company to be served by this line to pay an amount equal to the cost of boring under Highway 35 which would be necessary if installation of the above line was not made . Motion passed 5 to 0 . Meeting adjourned 10 °25 P. M. Minutes approved as read and/or corrected this the day of , A. D. 1969 . ATTEST: CITY OF PEARLAND City Secretary BY Mayor. CITY OF IPEIARLAND A RESOLUTION IN OPPOSITION TO ANY LIMITATION ON THE TAX EXEMPT STATUS OF INTEREST PAID ON MUNICIPAL BONDS WHEREAS, the Congress of the United States is considering several plans which would limit the exempt status for income purposes of interest paid on bonds issued by cities; and WHEREAS, any limitation on tax exemption of interest paid on muni- cipal bonds will result in higher interest rates to be paid by cities, and limit the market for such bonds; and WHEREAS, such limitation on tax exemption of interest paid on municipal bonds will handicap local government in securing funds for public. improvements, and increase the burden on local taxpayers and on users of public facilities; now therefore BE IT RESOLVED by the City Council of the City of Pearland that it go on record as. opposing any plan by the Congress of the United States that would in any way limit the tax exempt status of interest paid on bonds issued by state or local governments; and BE IT FURTHER RESOLVED that a copy of this Resolution be mailed to the United States Senators from Texas, and to the Member(s) of Congress in whose district the City of Pearland is located. 2 PASSED AND APPROVED at Pearland , Texas, this the 26 day of June , 1969. Mayor ATTEST: (City Secretary) or (City Clerk) „ • 2 PASSED AND APPROVED at Pearland , Texas, this the 3 day of July , 1969. • /s/ D . R . Keller Mayor ATTEST: /s/ Eorothy L. Cook (City Secretary) or (Git..-- leak) '