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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"