HomeMy WebLinkAbout1993-O-19 - Notice to issue revenue bondsG1,a1)1z 12I9:62111MVo 19151<1
AN ORDINANCE DIRECTING THE PUBLICATION OF NOTICE OF INTENTION TO ISSUE REVENUE
BONDS.
THE STATE OF TEXAS
COUNTY OF ERATH
CITY OF STEPHENVILLE
WHEREAS, the City deems it advisable to give notice of intention to
issue revenue bonds in the amount of not to exceed $7,680,000 for the purposes
of refunding the outstanding City of Stephenville, Texas Utility System Sub-
ordinante Lien Revenue Bonds, Series 1993-A and paying, in whole or in part,
costs of improving and extending the City's Wastewater System, and for pro-
fessionsi services for legal, fiscal and engineering fees for this project; and
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF STEPHENVILLE:
1. That attached hereto as Exhibit A is a form of the Notice of
Intention to issue Revenue Bonds, the form and substance of which is hereby
adopted and approved.
2. That the City Secretary shall cause said notice to be published in
substantially the form attached hereto, in a newspaper of general circulation in
said City, and published in said City, on the same day in each of the two con-
secutive weeks, the date of the first publication thereof to be before the 14th
day before the time set for the issuance of such revenue bonds as shown in said
notice.
PASSED AND APPROVED this 15th day o June, 1993.
Lavinia Lohrma , Mayor
n,,City Secretary
. uavis
City Administrator
Randy Thomas, City Attorney
Approved as to Form
EXHIBIT A
CITY OF STEPHENVILLE, TEXAS
NOTICE OF INTENTION TO ISSUE REVENUE BONDS
Notice is hereby given, in accordance with Article 2368a, V.A.T.C.S.
and Chapter 252, Local Government Code, that the City Council of the City of
Stephenville, Texas, intends to pass, at a Regular Meeting to be held at 7:00
p.m. on July 6, 1993, at the City Hall, Stephenville, Texas, an ordinance
authorizing the issuance of City of Stephenville, Texas Utility System Revenue
Bonds, Series 1993, in the principal amount of not to exceed $7,680,000, with
such bonds, together with other revenue bonds, to be payable from and secured by
a lien on and pledge of the Net Revenues of the Utility System, all as will be
further described, defined and provided in the aforesaid ordinance, said bonds
will bear interest at the rate not to exceed 15% per annum, will be scheduled to
mature serially within a maximum of not to exceed forty years from their date,
and have such other and further characteristics, as will be provided in the
aforesaid ordinance. Said bonds will be authorized, issued, sold and delivered
pursuant to Articles 1111 through 1118, V.A.T.C.S., and other applicable laws,
for the purposes of refunding the outstanding City of Stephenville, Texas
Utility System Subordinate Lien Revenue Bonds, Series 1993-A and paying, in
whole or in part, costs of improving and extending the City's Wastewater System.
and for professional services for legal, fiscal and engineering fees for this
project.
CITY OF STEPHENVILLE, TEXAS