Ordinance No. 7,142941025 -3
• ORDINANCE No. 7 142
AN ORDINANCE APPROVING A RESOLUTION AUTHORIZING THE
ISSUANCE OF BAYTOWN AREA WATER AUTHORITY WATER SUPPLY
CONTRACT REVENUE BONDS, SERIES 1994 (CITY OF BAYTOWN
PROJECT); ACCEPTING THE TERMS AND CONDITIONS OF SUCH
RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE
WHEREAS, the City Council (the "Council ") of the City of
Baytown, Texas (the "City ") has entered into a Water Supply
Contract -- Treated Water, dated January 31, 1977, as amended
September 22, 1994 (the "Contract "), with the Baytown Area Water
Authority (the "Authority "); and
WHEREAS, pursuant to Chapter 600, Acts of the 63rd Legislature
of the State of Texas, Regular Session, 1973, as amended (the
"Act "), and the Contract, the Authority now proposes to issue its
bonds styled "Baytown Area Water Authority Water Supply Contract
Revenue Bonds, Series 1994 (City of Baytown Project) (the "Bonds ");
and
WHEREAS, the Act and the Contract require that the Council
must approve the Bonds and a substantial draft of the resolution
authorizing issuance of the Bonds (the "Bond Resolution ") prior to
issuance of the Bonds and adoption of the Bond Resolution.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF BAYTOWN, TEXAS:
Section 1: That a substantial draft of the Bond Resolution
has been submitted to the Council a copy of which is attached
hereto as Exhibit "A" and made a part hereof. The Bond Resolution,
including the terms and conditions thereof, is hereby approved, and
the Bonds are hereby approved and authorized to be issued pursuant
to the Bond Resolution.
Section 2. That this Ordinance shall become effective
immediately upon passage by this City Council and signature of the
Mayor.
n
PASSED AND APPROVED this 25th day of October, 1994.
ATTEST:
p .
City Clerk
CITY OF BAYTOWN, TEXAS
( SEAL)
C7
941025 -3a
JqZ, C.
Mayor
CITY OF BAYTOWN, TEXAS