HomeMy WebLinkAboutRES 88-037 RESOLUTION AUTHORIZING PUBLICATION OF NOTICE OF
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 and in substantially the following form, a notice of
intention to issue Certificates of Obligation:
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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, 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 immedi-
ately upon its passage.
Section 6 . It is hereby officially found and de-
termined 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
Secretary, and the posting thereof, are hereby authorized,
approved, and ratified.
PASSED AND APPROVED this lst day of March, 1988 .
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CITY OF BEAUMONT, TEXAS
ATTEST:
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City C erk
C�IITY OF BEAUMONT, TEXAS
6
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 : 15 p.m. on the 29th day
of March, 1988 , to adopt an ordinance and take such other
action as may be deemed necessary to authorize the issuance
of the City' s Combination Tax and Revenue Certificates of
Obligation, Series 1988 , payable from City ad valorem taxes
and from certain revenues of the City' s waterworks and sewer
system, in the maximum aggregate principal amount of
$3 ,000 ,000, bearing interest at a rate or rates, not in
excess of that prescribed by Article 717k-2 , Vernon' s Texas
Civil Statutes, as now or hereafter 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
purchasing equipment for authorized needs and purposes and
the cost of professional services incurred in connection
therewith.
WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this
day of March, 1988 .
/s/ Rosemarie Chiappetta
City Clerk
CITY OF BEAUMONT, TEXAS
(SEAL)
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