CC Resolution No. 1522 2846
RESOLUTION NO. 1522
RESOLUTION AUTHORIZING PUBLICATION OF NOTICE
OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION
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 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:
2847
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, Baytown, Texas, at 6:30 p.m. on the 13th day of December,
2001, 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$5,460,000, payable from ad valorem
taxation and from a subordinate pledge of the net revenues of the City's water 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 twenty-five (25) years
from the date thereof, for the purpose of evidencing the indebtedness of the City for all or part of
the cost of improvements to the City's water 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 20th day of
November, 2001.
/s/ Gary Smith
City Clerk
City of Baytown, Texas
(SEAL)
2848
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
provisions of this resolution.
Section 5. This resolution shall take effect immediately upon its passage.
Section 6. The NOTICE OF MEETING relating to this meeting and heretofore
posted by the City Clerk, and the posting thereof, are hereby authorized, approved, and ratified.
PASSED AND APPROVED this 20th day of November, 2001.
Mayor
City of Baytown, Texas
ATTEST:
City ler
City of Baytown, Texas
(SEAL)