Ordinance No. 4,30551107 -1a
ORDINANCE NO. 4305
ORDINANCE AUTHORIZING PUBLICATION OF NOTICE
OF INTENTION TO ISSUE CITY OF BAYTOWN, TEXAS,
CERTIFICATES OF OBLIGATION, SERIES 1985
THE STATE OF TEXAS
COUNTIES OF HARRIS AND CHAMBERS
CITY OF BAYTOWN
WHEREAS, the City Council of the CITY OF BAYTOWN, TEXAS
� (the "City ") , deems it advisable to issue Certificates of
Obligation of the City in accordance with the notice here-
inafter set forth; therefore
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
BAYTOWN, TEXAS:
Sectinn 1. The facts and recitations contained in the
preamble of this ordinance 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:
51107-lb
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 pub-
lication 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 ordinance.
Section 5. This ordinance 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 emer-
gency and an urgent public necessity for the holding, at the
scheduled time, of the meeting of the City Council at which
this ordinance is adopted and for the adoption of this ordi-
nance; 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 7th day of November, 1985.
�Y
ATTEST:
AM yor
CITY OF BAYTOWN, TEXAS
ity Clerk
CITY OF BAYTOWN, TEXAS
(SEAL)
APPROVED:
City Attorne
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NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION
NOTICE IS HEREBY GIVEN that the City Council of the City
of Baytown, Texas (the "City ") , will meet in the City Hall,
City of Baytown, Texas, at 6:30 p.m. on the 26th day of
November, 1985, at which time the City Council tentatively
proposes 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, payable from City ad
valorem taxes, in the maximum aggregate principal amount of
$250,000, bearing interest at any rate or rates, not to
exceed the maximum interest rate now or hereafter authorized
by law, as shall be determined within the discretion of the
City Council, and maturing over a period of years not to
exceed five (5) 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 land for public buildings for
the City, and the cost of professional services incurred in
connection therewith.
WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this
7th day of November, 1985.
City Clerk
CITY OF BAYTOWN, TEXAS
(SEAL)
51107 -1e
AVISO DE INTENCION DE EMITIR CERTIFICADOS DE OBLIGACION
SE NOTIFICA POR EL PRESENTE que el Cabildo Municipal de
la Ciudad de Baytown, Texas (la "Ciudad "), se reunir& en el
Edificio del Municipio, Ciudad de Baytown, Texas, a las
6:30 p.m. del dfa 26 de noviembre de 1965, en cuya fecha el
Cabildo Municipal tentativamente se propone adoptar una
ordenanza y tomar cualquiera otra acciSn que se considere
necesaria para autorizar la emisiSn de los Certificados de
ObligaciSn de la Ciudad, pagaderos de impuestos al valor
Municipales, en la cantidad principal mIxima agregada de
$250,000, llevando interes a cualquiera tasa o tasas, a no
exceder la tasa m &xima de interes en el presente o en el
futuro autorizada por la ley, segun sea determinado a
discreciSn del Cabildo Municipal, y con vencimiento sobre un
periodo de anos a no exceder cinco (5) anos de la fecha de
los mismos, para el proposito de evidenciar el adeudo de la
Ciudad por el total o cualquiera parte del costo de la
compra de terrenos para edificios publicos para la Ciudad, y
el costo de servicios profesionales incurridos en relacibn a
to mismo.
OTORGADO ANTE MI Y EL SELLO OFICIAL DE LA CIUDAD, este
dia 7 de noviembre de 1985.
/fdo/ Eileen P. Hall
Secretario Municipal
CIUDAD DE BAYTOWN, TEXAS
( SELLO)