HomeMy WebLinkAboutResolution - 040576A - Cancel Minute Order Dated 2_26_76 Regarding Sale Of EL&P System Revenue Bonds - 04_05_1976R'
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RESOLUTION
WHEREAS, due to circumstances beyond the control of the City of
Lubbock, it now appears necessary to the City Council of the City of Lubboc
that the minute order of the City Council dated February 26th, 1976, directi
the City Secretary to advertise the sale of $4, 400, 000. 00 Electric Light and
Power System Revenue Bonds be sold on April 8th, 1976 be cancelled, and
WHEREAS, it appears further to the City Council of the City of Lubboc
that the circumstances requiring this action will be eliminated and such sale
may be successfully concluded at a subsequent time; NOW THEREFORE:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the City Secretary be and is hereby authorized and directed to
notify all interested parties that the sale of $4, 400, 000.00 Electric Light ani
Power System Revenue Bonds be withdrawn from the April 8th, 1976 propos
sale, and
BE IT FURTHER RESOLVED that this shall not be construed in anywi:
to postpone or be connected with -the order of the sale for City of Lubbock
General Obligation Bonds in the amount of $1, 580, 000. 00 ordered to be sold
on the said date of April 8th, 1976, at 10:30 a.m., C. T.
Passed by the City Council on this
ATTEST:
N i
f day of 197
er
C BAMS, MAYOR
Treva Phillips, Cit Secretary -Treasurer
APPROVED AS TO FORM:
red O. Senter, Jr., City