HomeMy WebLinkAboutORD 01-005 ORDINANCE NO. 4 f O d
AMENDMENT NO. 1
TO
ORDINANCE AUTHORIZING THE ISSUANCE OF THE CITY OF
BEAUMONT, TEXAS, WATERWORKS AND SEWER SYSTEM
REVENUE BONDS, SERIES 2000; AND CONTAINING OTHER
MATTERS RELATED THERETO
THE STATE OF TEXAS §
COUNTY OF JEFFERSON §
THE CITY OF BEAUMONT §
WHEREAS, on August 10, 2000, The City of Beaumont, Texas (the "City")
approved and passed an Ordinance titled ORDINANCE AUTHORIZING THE
ISSUANCE OF THE CITY OF BEAUMONT, TEXAS, WATERWORKS AND
SEWER SYSTEM REVENUE BONDS, SERIES 2000; AND CONTAINING
OTHER MATTERS RELATED THERETO (the "Bond Ordinance") pursuant to
which the City authorized the issuance of its Waterworks and Sewer System Revenue
Bonds, Series 2000, dated August 1, 2000, in the aggregate principal amount of $
25,000,000 (the"Bonds"); and
WHEREAS, the City now desires amend the Ordinance for the purposes set forth
herein;
Now, Therefore
BE IT ORDAINED BY THE CITY OF BEAUMONT, TEXAS:
1. It is hereby found and determined that the matters and facts contained in the
preamble to this Ordinance are hereby found to be true and correct.
2. The second sentence of Section 4 of the Bond Ordinance is amended and
restated to read as follows:
"The Bonds shall bear interest at the rates set forth in Section S below
from the later of August 1, 2000, or the most recent Interest Payment Date to
which such interest has been paid or duly provided for, calculated on the basis of
a 360 day year of twelve 30 day months, payable on March 1, 2001, and
semiannually thereafter on September I and March 1 of each year until maturity
or prior redemption."
3. Section 18 of the Bond Ordinance, setting for the form of the Bond, is
amended by amending and restating the first sentence of the first full paragraph of the
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form of the Bond to read as follows:
"The City of Beaumont, Texas (the "City')promises to pay, but solely from
certain Net Revenues as hereinafter provided, to the Registered Owner identified
above, or registered assigns, on the maturity date specified above, upon
presentation and surrender of this bond at the principal corporate trust office of
Wells Fargo Bank Texas, N.A., Houston, Texas (the "Registrar'), the principal
amount identified above, payable in any coin or currency of the United States of
America which on the date of payment of such principal is legal tender for the
payment of debts due the United States of America, and to pay, solely from such
Net Revenues, interest thereon at the rate shown above, calculated on the basis of
a 360 day year of twelve 30 day months,from the later of August 1, 2000, or the
most recent interest payment date to which interest has been paid or duly
provided for."
4. Except as amended herein, all other terms and provisions of the Bond
Ordinance shall remain in full force and effect.
5. The amendments to the Bond Ordinance made herein shall be effective as
of August 10, 2000, which is the date of the passage and adoption of the Bond Ordinance.
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PASSED AND APPROVED this day of
2001.
Mayor
The City of Beaumont
AT EST:
City Clerk
The City of Beaumont
(SEAL)
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