CC Resolution No. 981 1751
RESOLUTION NO. 981
RESOLUTION AUTHORIZING PUBLICATION OF NOTICE
OF INTENTION TO ISSUE CITY OF BAYTOWN, TEXAS ,
CERTIFICATES OF OBLIGATION, SERIES 1987
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; therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
BAYTOWN, TEXAS :
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 Secretary 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:
1752
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 in the City
Hall, 2401 Market Street, Baytown, Texas , at 6 : 30 p.m. on
the llth day of June, 1987 , which is the date tentatively
set for the City Council to adopt an ordinance and take such
other action as may be deemed necessary to authorize the
issuance of the City' s Certificates of Obligation, payable
from City ad valorem taxes , in the maximum aggregate
principal amount of $400 , 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, and maturing over a
period of years not to exceed six (6) years from the date
thereof, for the purpose of evidencing the indebtedness of
the City for all or any part of the cost of purchasing land
for authorized needs and purposes; and the cost of
professional services incurred in connection therewith.
WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this
14th day of May, 1987 .
/s/ Eileen Hall
City Clerk
CITY OF BAYTOWN, TEXAS
(SEAL)
1753
AVISO DE INTENCION DE EMITIR CERTIFICADOS DE OBLIGACION
SE NOTIFICA POR EL PRESENTE que el Cabildo Municipal de
la Ciudad de Baytown, Texas (la "Ciudad") , se reunirl en el
Edificio del Municipio, 2401 Market Street, Baytwon, Texas,
a las 6: 30 p.m. del dia 11 de junio de 1987 , que es la fecha
tentativamente establecida por el Cabildo Municipal para
adoptar una ordenanza y tomar cualquier otra acci6n que se
considere necesaria, para autorizar la emisi6n de los Certi-
ficados de Obligaci6n de la Ciudad, pagaderos de impuestos
al valor Municipales , en la cantidad principal maxima
agregada de $400 ,000 , llevando inter6s a una tasa o tasas a
no exceder la tasa maxima de inter€s autorizada por la ley
en el presente o en el futuro, segdn sea determinado a dis-
creci6n del Cabildo Municipal , y con vencimiento sobre un
periodo de anos a no exceder seis (6) anos de la fecha de
los mismos , para el prop6sito de evidenciar el adeudo de
dicha Ciudad por el total o alguna parte del costo de la
compra de terrenos para necesidades y prop6sitos autori-
zados; y el costo de servicios profesionales incurridos en
relaci6n a to mismo.
OTORGADO ANTE MI Y EL SELLO OFICIAL DE LA CIUDAD, este
dia 14 de mayo de 1987.
/fdo/ Eileen Hall
Escribano Municipal
CIUDAD DE BAYTOWN, TEXAS
(SELLO)
1754
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 pub-
lication to be not less than fourteen (14) days prior to 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 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 . It is hereby officially found and determined
that the need of the City for such financing creates an emer-
gency and an urgent public necessity for the holding, at the
scheduled time, of the meeting of the City Council at which
this resolution is adopted and for the adoption of this reso-
lution; and the NOTICE OF MEETING relating to said meeting
and heretofore posted by the City Clerk, and the posting
thereof, are hereby authorized, approved, and ratified.
1755
PASSED AND APPROVED this 14th day of May, 1987.
mmett Hu
ATTEST:
Mayor
CITY OF BAYTOWN, TEXAS
/s/n Eileen all,/ '� �
City clerK
CITY OF BAYTOWN, TEXAS
(SEAL)
APPROVED AS TO FORM AND LEGALITY:
/ Rand
ity Attorney
CITY OF BAYTOWN, TEXAS