HomeMy WebLinkAboutResolution - 012661B - Notice Of Intent To Issue General Obligation Bonds - 01/26/1961FOS:
RESOLUTION
AUTHORIZING THE PUBLICATION OF NOTICE OF INTENT OF THE CITY
COMMISSION TO RECEIVE SEALED BIDS FOR THE SALE OF TWO MILLION
TWO HUNDRED FIFTY THOUSAND AND' ND/ 100 ,($2* 25.00" 000. 00) DOLLARS
GENERAL OBLIGATION BONDS OF THE CITY OF LUBBOCK* DESIGNATING
DATES AND PLACE OF PUBLICATION AND FIXING THE TIME FOR AND CON-
DITIONS UPON WHICH SUCH BIDS MAY BE RECEIVED.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LUBBOCK:
THAT $2,2500,.000. 00 of General Obligation Bonds of the City of Lubbock,,,
Texas;,, as heretofore authorized by election duly held,, be offered for sale upon
public competitive bids on March 23,, 1961, at 2:00 PiMi and that such bidder
be requested to specify the rate of interest which such bonds will bear and that the
lowest interest cost of the City of Lubbock shall be accepted by the City Com-
mission.
Be it further resolved that notice of intention to sell such bonds shall be
given by publication of such notice in the Avalanche Journal,, a newspaper regu-
larly published in Lubbock,,, Texas,, once a week for a period of 30 days prior
to Thursday„ March 23rd,,, 1961. That such notice shall be published on the
following dates,,, to -wit: F,2-4.� A v 1961; Veb. 16 s
1961; c , 1961; _tea e ti 1 i.. �. 1961, and
a 19 6 1.
That the City Secretary is authorized and directed to execute and have
published the said notice.
Passed by the City Commission this 26"_day of January, 1961.
DAVID C,� CASEYy�. Ma r
ATTEST
Laveni Lowe,,City ecretary-Treasurer caY A "117�_y