HomeMy WebLinkAboutRES 95-096 5- 9
RESOLUTION AUTHORIZING PUBLICATION OF NOTICE
OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION
THE STATE OF TEXAS §
COUNTY OF JEFFERSON §
CITY OF BEAUMONT §
WHEREAS, the City Council of the City of Beaumont, Texas
(the "City" ) , deems it advisable to issue Certificates of
Obligation of the City in accordance with the notice hereinafter
set forth; Now, Therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BEAUMONT,
TEXAS:
Section 1. The facts and recitations contained in the
preamble of this resolution are hereby found and declared to be
true and correct.
Section 2 . The City Clerk is hereby authorized and directed
to cause to be published in the manner required by law a notice
of intention to issue Certificates of Obligation in substantially
the forms attached hereto as Exhibit "A" .
Section 3 . The notice set forth in Section 2 above shall be
published in both English and Spanish once a week for two (2)
consecutive weeks in a newspaper which is of general circulation
in the City, the date of the first publication to be not less
than fourteen ( 14) days prior to the date tentatively set in said
notice for the passage of the ordinance authorizing the issuance
of such Certificates of Obligation.
Section 4 . The Mayor, the City Clerk, and other officers of
the City are hereby authorized and directed to do any and all
things necessary or desirable to carry out the provisions of this
resolution.
Section 5 . This resolution shall take effect immediately
upon its passage.
Section 6 . It is hereby officially found and determined
that the need of the City for such financing creates an emergency
and an urgent public necessity for the holding, at the scheduled
time, of the meeting of the City Council at which this resolution
is adopted and for the adoption of this resolution; and the
NOTICE OF MEETING relating to said meeting and heretofore posted
by the City Clerk, and the posting thereof, are hereby
authorized, approved, and ratified.
PASSED AND APPROVED this 21st day of March, 1995 .
Mayor
CITY OF BEAUMONT, TEXAS
ATTEST:
City. Q e'rk,
C.I;TY ,6-F. ..BFA'tJ GNT, TEXAS
SEAIr)
-2-
EXHIBIT "A"
NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION
NOTICE IS HEREBY GIVEN that the City Council of the City of
Beaumont, Texas (the "City" ) , will meet in the City Hall, City of
Beaumont, Texas, at 1 : 30 p.m. , Central Daylight Time, on the 18th
day of April, 1995, to adopt an ordinance and take such other
action as may be deemed necessary to authorize the issuance of
the City' s Certificates of Obligation, Series 1995, payable from
the City ad valorem taxes in the maximum aggregate principal
amount of $6 ,000,000, bearing interest at a rate or rates, not in
excess of that prescribed by Article 717k-2, Vernon' s Revised
Texas Civil Statutes Annotated, as amended, and maturing over a
period of years not to exceed forty (40) years from the date
thereof, for the purpose of evidencing the indebtedness of the
City for all or any part of the cost of authorized street
improvements within the City and the cost of professional
services incurred in connection therewith.
WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this 21st
day of March, 1995 .
City Clerk
CITY OF BEAUMONT, TEXAS
(SEAL)
AVISO DE INTENCION PARA LA EMISION DE CERTIFICADOS DE
OBLIGACION
Se notifica por el presente que el Cabildo Municipal de la
Ciudad de Beaumont, Texas a la 1 : 30 p.m. del 18 de abril 1995
considerara el paso de una ordenanza y la toma de tal accion como
sea considerado necesario, para autorizar la emision de los
Certificados Municipales de Obligacion, Series 1995, pagaderos de
los impuestos municipales de valor adicional en una cantidad a no
exceder $6,000,000, con interes pagadero a una tasa o tasas a no
exceder a la prescrita por el Articulo 717-k-2 , Estatutos civiles
de Texas Anotados de Vernon, segun enmendado, con vencimiento en
serie sobre un periodo no mayor de cuarenta (40) anos, con el
proposito de evidenciar el endeudamiento de la ciudad por el
costo, o parte de este, del mejoramiento autorizado de las calles
dentro de la ciudad y el costo de servicios profesionales
incurridos sobre esto mismo.
TESTIFICADO POR MI MANO Y POR EL SELLO OFICIAL DE ESTA
CIUDAD, el 21 . de marzo de 1995 .
Escribano Municipal
CITY OF BEAUMONT, TEXAS
(SELLO)