CC Resolution No. 1567 3
RESOLUTION NO. 1567
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS,
APPROVING A PRELIMINARY OFFICIAL STATEMENT FOR THE SALE OF
GENERAL OBLIGATION BONDS, SERIES 2003 AND CERTIFICATES OF
OBLIGATION, SERIES 2003; POSTPONING THE SALE OF CERTIFICATES OF
OBLIGATION; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF.
WHEREAS, the City Council has determined to proceed with the sale of the City's General
Obligation Bonds, Series 2003 and Certificates of Obligation, Series 2003 (collectively, the
"Obligations"); and
WHEREAS, the City Council has received a Preliminary Official Statement relating to the sale of
said Obligations, and wishes to approve said document for use in connection with the sale of said
Obligations; NOW THEREFORE
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN,TEXAS:
Section 1: That the City Council of the City of Baytown, Texas, hereby approves the
Preliminary Official Statement for the sale of the Obligations.
Section 2: That the City Council of the City of Baytown, Texas, hereby authorizes and
directs the City's financial advisor, First Southwest Company, to proceed with the necessary
arrangements for the sale of the Obligations on February 13, 2003, in accordance with the aforesaid
Preliminary Official Statement.
Section 3. That the sale of the Certificates of Obligation, Series 2003, originally scheduled
for January 23, 2003, is hereby postponed until February 13, 2003.
Section 4: This resolution shall take effect immediately from and after its passage by the
City Council of the City of Baytown, Texas.
INTRODUCED, READ and PASSED by the affirmative vote of the City Council of the City of
Baytown this the 23`d day of January, 2003.
//x C-
PETE C. ALFARO, Mayor
ATTEST:
GARY W. SMITH, City Clerk
APPROVED AS TO FORM:
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ACIO RAMIItEZ S ., City Attorney
F:Veanene\My Documents\Council\02-03Uanuary\ResolutionApprove2003CertObligationBonds.doc