HomeMy WebLinkAboutORD 85-75 i
i
ORDINANCE AUTHORIZING PUBLICATION OF NOTICE OF
INTENTION TO ISSUE AND SELL CERTIFICATES OF OBLIGATION
THE STATE OF TEXAS §
COUNTY OF JEFFERSON §
CITY OF BEAUMONT §
BE IT ORDAINED BY THE CITY OF BEAUMONT:
Section 1 . The City Council of the City of Beaumont,
Texas (the "City") deems it necessary and advisable to
authorize, issue, sell and deliver the certificates of
obligation described in the attached Notice, and the City
Council hereby declares its intention to authorize the
issuance of such certificates of obligation at a meeting of
the City Council to be held at the time and place described
in the attached Notice.
Section 2 . The Notice of such sale in substantially
the form attached hereto shall be published in English and
Spanish in the Beaumont Enterprise which is a newspaper
published and having general circulation in the City, at
least once a week for two consecutive weeks prior to the
date of the meeting of the City Council at which the
issuance of the certificates of obligation is to be
authorized, with the date of the first publication to be not
later than at least fourteen (14) days prior to the
aforesaid meeting.
Section 3 . It is hereby officially found and deter-
mined that a case of emergency or urgent public necessity
exists which requires the holding of the meeting at which
this ordinance is passed, such emergency or urgent public
necessity being that the proceeds from the sale of the City
proposed certificates of obligations are required as soon as
possible and without delay for necessary and urgently needed
public improvements , and that said meeting was open to the
public as required by law, and public notice of the date,
hour, place and purpose of said meeting was given, all as
required by Article 6252-17 , Vernon' s Texas Civil Statutes ,
as amended.
ADOPTED AND APPROVED this 30th day of July, 19 5 .
Mayor
CITY OF BEAUMONT, TEXAS
ATTEST:
City Cler
CITY OF BEAUMONT, TEXAS
(SEAL)
D- 9Y- 7,5- 30 �s
[NOTICE OF INTENTION TO ISSUE AND SELL
CERTIFICATES OF OBLIGATION
NOTICE IS HEREBY GIVEN that the City Council of the City of
Beaumont, Texas, will meet at the Council Chambers, City Hall,
Beaumont, Texas, at 5 :30 p.m. on the 13th day of August, 1985, at
which meeting it tentatively intends to adopt an ordinance
authorizing the issuance and sale for cash of the City' s
certificates of obligation, payable from ad valorem taxation and
from certain revenues of the City' s waterworks and sewer system, in
the maximum amount of $4 ,750,000, bearing interest at a rate not in
excess of that prescribed by Article 717k-2 , V.T. C.S . , as amended,
and maturing over a period of years not to exceed 40 years from the
date thereof, for the purpose of evidencing the indebtedness of
said City for all or any part of the cost of the construction of
public works for authorized needs and purposes, to wit:
construction and improvements to the City' s waterworks system,
sanitary landfills and golf course.
By ordinance adopted by the City Council of the City of
Beaumont, Texas.
City Clerk
City of Beaumont, Texas
Exhibit "A"