CC Resolution No. 1288 2485
RESOLUTION NO. 1288
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS, AUTHORIZING PUBLICATION OF NOTICE OF INTENTION TO
ISSUE CERTIFICATES OF OBLIGATION; 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 RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN:
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:
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 12th day of September, 1996, 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,
payable from ad valorem taxation and from a pledge of a subordinate lien on the net
revenues of the City's waterworks and sanitary sewer system, in the maximum
aggregate principal amount of$4,680,000,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 at the time of issuance, and
maturing over a period of years not to exceed twenty-five (25) years from the date
thereof, for the purpose of evidencing the indebtedness of the City for all or any part
of the cost of constructing improvements to the City's waterworks and sanitary sewer
system, and the cost of professional services incurred in connection therewith.
WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this
22nd day of August, 1996.
EILEEN P. HALL, City Clerk
City of Baytown, Texas
(SEAL)
2486
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 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 provision of
this resolution.
Section 5: This resolution shall take effect immediately from its passage.
Section 6: The NOTICE OF MEETING relating to this meeting and heretofore posted
by the City Secretary, and the posting thereof, are hereby authorized, approved and ratified.
INTRODUCED, READ AND PASSED by the affirmative vote of the City Council of the
City of Baytown, this the 22nd day of August, 1996.
PETE C. ALFARO, Mayor
ATTEST:
EILEEN P. HALL, City Clerk
APPROVED AS TO FORM:
ACIO RAMIREZ, SR., Cilttorney
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