Ordinance No. 1,802ORDINANCE NO.1802
(IP
V .ORDINANCE AMENDINGAN
ORDINANCE AUTHORIZING ISSUANCE OF $750,000
WATERWORKS AND SANITARY SEWER SYSTEM JUNIOR LIEN
REVENUE BONDS,SERIES 1975;APPROPRIATING•$750,000
OF PROCEEDS OFSALE THEREOF FOR VARIOUS PROJECTS;
AND CONTAINING OTHER PROVISIONS RELATING THERETO
THE STATE OF TEXAS §
COUNTIES OF HARRIS AND CHAMBERS §
CITY OF BAYTOWN '§
WHEREAS,the City Council of the City of Baytown,Texas
(the "City"),on March 13,1975,adopted Ordinance No.1759
and now desires to amend said Ordinance;
THEREFORE,BE IT'ORDAINED BY THE CITY COUNCIL OF THE CITY
OF BAYTOWN THAT:
Section 1.Ordinance No.1759 entitled.ORDINANCE AUTHO
RIZING ISSUANCE .OF $750,000 WATERWORKS AND SANITARY SEWER
SYSTEM JUNIOR LIEN REVENUE BONDS,SERIES 1975;APPROPRIATING
$750,000 OF PROCEEDS OF SALE THEREOF FOR VARIOUS PROJECTS;AND
CONTAINING OTHER PROVISIONS RELATING THERETO,heretofore adopted
by the City Council of the City of Baytown on March 13,1975,
is hereby amended by the addition of a new section thereto
which shall be and read as follows:
"Section 31.There is hereby appropriated out of the
proceeds of sale of the Bonds the sum of $750,000 for the pur
pose of improving and extending the City's sanitary sewer
system and said proceeds of sale of the Bonds shall be used
and expended for such purpose as set forth in the ordinance
adopted February 26,1970,calling the bond election which
was held in the City on March 17,1970.It is estimated that
the maximum cost of thecurrent project,which consists of
one project only,for improving and extending the City's
sanitary sewer system will not exceed $750,000;consequently,
there is no necessity forany down payment and no such down
payment is ordered to be made.It is hereby officially found
and determined that the probable period of usefulness of the
current project is forty years."
Section 2.The said Ordinance No.1759,with the addition
of the aforesaid new Section 31,is hereby approved,ratified,
and readopted in full.
Section 3.This ordinance was read once by the City
Council and shalltake effect immediately.
Section *J.It is hereby officially found and determined
that the need ofthe City for such financing creates an emer
gency and an urgent public necessity forthe holding,at the
scheduled time,of the meeting of the City Council at which
this ordinance is adopted and for the adoption ofthis ordinance;
and the NOTICE OF MEETING relating to said meeting and hereto
fore posted by the City Clerk,and the posting thereof,are
hereby authorized,approved,adopted,ratified,and confirmed.
PASSED AND APPROVED this22nd day ofMay,1975.
ATTEST:
J
Mayor *>*»/
CITY OF BAYTOWN,TEXAS
City Clerk
CITY OF BAYTOWN,TEXAS
(SEAL)
APPROVED:
Ciry AtltoUney
CITY 0F|BAYTOWN,TEXAS
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