HomeMy WebLinkAboutResolution - 3135 - Notice Of Intent To Issuse Certificates Of Obligation - 06_22_1989f
Resolution #3135
June 22, 1989
Item #25
A RESOLUTION approving and authorizing publication
of notice of intention to issue certificates
of obligation.
WHEREAS, the City Council of the City of Lubbock, Texas,
has determined that certificates of obligation should be issued
under and pursuant to the provisions of Subchapter C of Chapter
271, Local Government Code, for the purpose of paying
contractual obligations to be incurred for (i) the purchase of
any land and rights -of -way for authorized needs and purposes,
and (ii) professional services; and
WHEREAS, prior to the issuance of such certificates, the
City Council is required to publish notice of its intention to
issue the same in a newspaper of general circulation in the
City, said notice stating (i) the time and place the Council
tentatively proposes to pass the ordinance authorizing the
issuance of the certificates, (ii) the maximum amount proposed
to be issued, (iii) the purposes for which the certificates are
to be issued and (iv) the manner in which the Council proposes
to pay the certificates; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
LUBBOCK, TEXAS:
SECTION 1: That the City Secretary is hereby authorized
and directed to cause notice to be published of the Council's
intention to issue certificates of obligation in the principal
amount not to exceed $3,800,000 for the purpose of paying
contractual obligations to be incurred for (i) the purchase of
any land and rights -of -way for authorized needs and purposes,
and (ii) professional services, such certificates to be payable
from ad valorem taxes. The notice hereby approved and
authorized to be published 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 the City Secretary shall cause the
aforesaid notice to be published in a newspaper of general
circulation in the City, once a week for two consecutive weeks,
the date of the first publication to be before the fourteenth
day before the date stated therein for the first reading of the
ordinance authorizing the issuance of the certificates of
obligation,
s
•
PASSED AND ADOPTED on this the 22nd day of June, 1989.
r
Mayor, City o Lubbock, Texas
ATTEST:
City ecretary, City of
Lubboc Texas
/ (City Seal)
-2-
38818
EXHIBIT A
NOTICE OF INTENTION TO ISSUE CITY OF
LUBBOCK, TEXAS, CERTIFICATES OF OBLIGATION
TAKE NOTICE that the City Council of the City of
Lubbock, Texas, shall convene at 9:1o0 o'clock A.M. on the 13th
day of July, 1989, at its regular meeting place in the City
Hall of said City, and, during such meeting, the City Council
will consider the reading of an ordinance authorizing the
issuance of certificates of obligation in an amount not to
exceed $3,800,000 for the purpose of paying contractual
obligations to be incurred for (i) the purchase of any land and
rights -of -way for authorized needs and purposes, and (ii)
professional services, such certificates to be payable from ad
valorem taxes. The certificates are to be issued, and this
notice is given, under and pursuant to the provisions of
Subchapter C of Chapter 271, Local Government Code.
City ecretary, CityJof
Lubbock, Texas
38826