Loading...
CC Resolution No. 217 RESOLUTION NO . I y/ RESOLUTION AUTHORIZING NOTICE OF SALE OF BONDS THE STATE OF TEXAS § COUNTY OF HARRIS § The City Council of the City of Baytown, Texas , con- vened in regular session, open to the public , at the City Hall within said City on the 25th day of July, 1968 , with the following members and the City Clerk present , to-wit : S'Fd n 7 gay D gl�r Ted Kloesel Councilman C . Glen Walker Councilman A. M. Braswell gu�� xwyolc ;7�QL7 1-x�/y Albert Fanestiel Councilman i Mum Cn Lamar Kelley Councilman Edna Oliver City Clerk and the following member( s ) absent , to-wit : when, among other business , the following was transacted : The MayorNintroduced a resolution which was read in full .77 Councilman C made a motion that the resolution be adopted as read. Councilman seconded the motion for adoption of the resolution . The motion, carrying with it the adoption of the resolution, prevailed by the follow- ing vote : Pti AYES : Councilmen Kloesel , Walker , Braswell, Fanestiel , PEL - m, Kelley and T°�a,__r-r am �y NOES : None . The Mayor \thereupon announced that the resolution had been duly and lawfully adopted. The resolution thus adopted follows : RESOLUTION NO. RESOLUTION AUTHORIZING NOTICE OF SALE OF BONDS WHEREAS , the City Council of the City of Baytown, Texas , deems it advisable to sell the unissued $1 ,133 , 000 City of Baytown, Texas general obligation bonds which were voted at an election held in the City on the 6th day of March, 1965 ; and WHEREAS , Section 63 of the Charter of the City of Baytown requiresthat all bonds issued by the City of Baytown be sold at public sale ; and WHEREAS , the City Council wishes to authorize the City Manager and the City ' s financial advisors to give notice of sale of said $1 ,133 , 000 general obligation bonds ; therefore BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS : Section 1 : That the City Manager of the City of Baytown, working in conjunction with Underwood, Neuhaus & Co . , Inc . , the City ' s financial advisors , is hereby authorized and directed to give notice of the City ' s intention to sell $1 ,133 , 000 General Obligation Bonds , Series 1968 , dated August 15 , 1968 , on Thursday , August 22 , 1968 at 6 : 30 p .m. , C . D.S .T. Section 2 : That notice of such sale shall be given by publishing at least once in a publication carrying municipal bond notices and devoted primarily to financial news and at least once in the official newspaper of the City of Baytown, to-wit : The Baytown Sun, said publications to be at least ten (10) days prior to August 22 , 1968 . PASSED AND APPROVED this 25th day of July , 1968 . Mayor, City of Baytown, Texas ATTEST: City Clerk, City of Baytown, Texas (SEAL)