Ordinance No. 9,487ORDINANCE NO. 9487
® AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS,
AUTHORIZING PUBLICATION OF NOTICE OF INTENTION TO ISSUE
CERTIFICATES OF •OBLIGATION, PROVIDING A REPEALING CLAUSE;
CONTAINING A SAVINGS CLAUSE; AND PROVIDING FOR THE EFFECTIVE DATE
THEREOF.
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 hereinafter set forth; NOW THEREFORE
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS:
Section 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 a notice of intention to issue
certificates of obligation to be published in the manner required by law and substantially in the form that is
attached hereto as Exhibit "A" and incorporated herein for all intents and purposes.
Section 3: The notice set forth in Section 2 above shall be published 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 at least fifteen (15) days before 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 and agents 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 from and after its passage by the City
Council of the City of Baytown.
INTRODUCED, READ and PASSED by the affirmative vote of the City Council of the City of
Baytown this the 12`h day of December, 2002.
PETE C. ALFARO, Mayor
ATTES
S ITT I, City Clerk
APPROVED AS TO FORM:
® ACIO RAMIREZ, SR. ity Attorney
FAKarenTiles\City Conncil\Ordinances\City of Baytown - 2002 Notice of Intention. DOC
® 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 at the City Hall, 2401 Market Street, Baytown, Texas, at 6:30 p.m. on the 23rd day of January, 2003,
which is the time and place tentatively set for the passage of an ordinance and such other action as may be
deemed necessary to authorize the issuance of the City's certificates of obligation, in the maximum aggregate
principal amount of $5,820,000, payable from ad valorem taxation and from a limited pledge of a subordinate
lien on the net revenues of the City's waterworks and sanitary sewer system, 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 at the time of issuance, and maturing over a period of years not to exceed thirty
(30) years from the date thereof, for the purpose of evidencing the indebtedness of the City for all or any part of
the cost of the construction of water and sanitary sewer system improvements, and the cost of professional
services incurred in connection therewith.
WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this 12th day of December,
2002.
/s/ Gary W. Smith
City Clerk
CITY OF BAYTOWN, TEXAS
(SEAL)
® F:UCarcn%Files\City Councill0rdinances\City of Baytown - 2002 Notice of Intention.DOC
EXHIBIT A