HomeMy WebLinkAboutCity Council Resolutions (R-82-265)-11/02/1982
Resolution R-82-265
A RESOLUTION by the City Council of the City of
Colleyville, Texas, approving and authorizing
publication of notice of intention to issue
certificates of obligation.
WHEREAS, the City Council of the City of Colleyville,
Texas, has determined that certificates of obligation should
be issued under and pursuant to the provisions of Article
2368a.1, V.A.T.C.S., for the purpose of paying contractual
obligations to be incurred in making improvements and ex-
tensions to the City's combined waterworks and sanitary sewer
systems; and
WHEREAS, prior to the issuance of such certificates, the
City Council is required to publish notice of its intention to
issue the same in a newspaper of general circulation in the
City, said notice stating (i) the time and place this Council
tentatively proposes to pass the ordinance authorizing the
issuance of the certificates, (ii) the maximum amount proposed
to be issued, (iii) the purposes for which the certificates
are to be issued and (iv) the manner in which the Council
proposes to pay the certificates; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEY-
VILLE, TEXAS:
Section 1: That the City Secretary is hereby authorized
and directed to cause notice to be published of this Council's
intention to issue certificates of obligation in an amount not
to exceed $400,000 for the purpose of paying contractual
obligations to be incurred in making improvements and ex-
tensions to the City's combined waterworks and sanitary sewer
system, such certificates to be payable from ad valorem taxes
and from a pledge of the net revenues of the City's combined
waterworks and sanitary sewer system. The notice hereby
approved and authorized to be published shall read substan-
tially in the form and content of Exhibit A hereto attached
and incorporated herein by reference as a part of this resolu-
tion for all purposes.
Section 2: That the City Secretary shall cause the
aforesaid notice to be published in a newspaper of general
circulation in the City, once a week for two consecutive
weeks, the date of the first publication to be at least four-
teen (14) days prior to the date stated therein for the pas-
sage of the ordinance authorizing the issuance of the certifi-
cates of obligation.
PASSED AND APPROVED, this the 2nd day of November, 1982.
MaYOr'~Ol~S
(CITY SEAL)
EXHIBIT A
NOTICE OF INTENTION TO ISSUE'
CITY OF COLLEYVILLE, TEXAS,
CERTIFICATES OF OBLIGATION
TAKE NOTICE that the City Council of the City of Colley-
vil~, Texas~a,ll conv, ene at ?,'3CJ o'clock L.m. on the
.'-tf1i day of ,?-'('f': Ikf'fL/ , 1982, at its regular meeting
place in the C1ty Hal of said City, and, during such meeting,
the Council will consider the passage of an ordinance author-
izing the issuance of certificates of obligation in an amount
not to exceed $400,000 for the purpose of paying contractual
obligations to be incurred in making improvements and ex-
tensions to the City's combined waterworks and sanitary sewer
systems, such certificates to be payable from ad valorem taxes
and from a pledge of the net revenues of the City's combined
waterworks and sanitary sewer systems. The certificates are
to be issued, and this notice is given, under and pursuant to
the provisions of Article 2368a.l, V.A.T C.S.
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