HomeMy WebLinkAbout1985-R-07 - Authorization for Bond for SewerRESOLUTION NO. 1985-7
A RESOLUTION BY THE CITY COUNCIL OF THE CITY OF
STEPHENVILLE, TEXAS, APPROVING AND AUTHORIZING
THE GIVING OF NOTICE OF INTENTION TO ISSUE
REVENUE BONDS.
WHEREAS, the City Council of the City of Stephenville,
Texas, has determined that revenue bonds in the principal sum of
$3,500,000.00 should be issued in accordance with the provisions
of Article 1111 et seq. and 2368a, V.A.T.C.S. to finance the cost
of constructing improvements and extensions to the City's
Waterworks and Sanitary Sewer System; and
WHEREAS, prior to the issuance of said revenue bonds,
this Council is required to give notice of its intention to issue
the same in the manner and time provided by law; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
STEPHENVILLE, TEXAS:
Section 1: That the City Secretary is hereby authorized
and directed to cause notice to be published of this Council's
intention to meet on the 1st day of October, 1985, to pass an
ordinance and take such action as will be necessary to authorize
the issuance of revenue bonds in the total principal amount of
$3,500,000.00 for the purpose of constructing improvements and
extensions to the City's Waterworks and Sanitary Sewer System.
The notice hereby approved and authorized to be given shall read
substantially in the form and content of Exhibit A hereto
attached and incorporated herein by reference as a part of this
resolution for all purposes.
Section 2: That such notice shall be published once a
week for two consecutive weeks in a newspaper published in and
having a general circulation in the City of Stephenville, Texas,
the date of the first publication of such notice to be at least
fourteen (14) days prior to the date stated therein for the
passage of the ordinance authorizing the issuance of the revenue
bonds.
PASSED AND APPROVED, this 3rd day of September, 1985.
ATTEST:
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ty ecretary,
City of Stephenville, Texas
Mayor, David Layton,
City of Stephenville, Texas
/PS