CC Resolution No. 10901942
RESOLUTION NO. 1090
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS, AUTHORIZING PUBLICATION OF NOTICE OF INTENTION TO
ISSUE CERTIFICATES OF OBLIGATION
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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,
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 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, Baytown, Texas, at 6:30 p.m. on the 28th
day of June, 1990, 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
revenues of the City's water and sewer system, in the
maximum aggregate principal amount of $4,800,000,
bearing interest at any rate or rates, not to exceed
the maximum interest 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 forty (40) years
from the date thereof, for the purpose of evidencing
the indebtedness of the City for all or any part of the
cost of the construction of water and sewer system
improvements, street improvements, library
improvements, and the acquisition of land for park
purposes, and the cost of professional services
incurred in connection therewith.
WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY,
this llth day of June, 1990.
/s/ Eileen P. Hall
EILEEN P. HALL, City Clerk
City of Baytown, Texas
LLOMS]
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 before the
fourteenth (14th) day 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: 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.
Section 6: This ordinance shall take effect immediately
from and after its passage by the City Council of the City of
Baytown.
INTRODUCED, READ and PASSED by the affirmative vote of the
City Council of the City of Baytown, this the 11th day of June,
1990.
\ \ \- EMMETT 0. HUTTO, Mayor
ATTEST:
EILEEN P. HALL, City Clerk
ANDALL B. STRONG ity Attorney
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