HomeMy WebLinkAboutResolution - 081276J - Notice Of Sale- LBK Avalanche Journal - Electric Light & Power System Rev. Bonds - 08_12_1976w
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RESOLUTION
MINUTES AND RESOLUTION PERTAINING TO THE GIVING OF NO -
'ICE OF THE SALE OH'' $4, 400, 000 CITY OF LUBBOCK, TEXAS, ELECTRIC
AGHT AND POWER SYSTEM REVENUE BONDS, SERIES 1976, DATED
�PRIL 15, 1976.
ON THIS, the 12th day of August, 1976, the City Council of the City of
,ubbock, Texas, cony d in regular session at the regular meeting place
zereof in the City Halle the meeting being open to the public and notice of said
ieeting having been given as prescribed by Article 6252-17, Section 3A,
A. T. C. S. , the following members being present and in attendance, to -wit:
j:
ROY BA§S MAYOR
DIRK WEST MAYOR PRO TEM
CAROLYN JORDAN COUNCILWOMAN
BILL B.IMcALISTER COUNCILMAN
ALAN R.' HENRY COUNCILMAN
1 and
TREVA �HILLIPS CITY SECRETARY_
TREASURER
and
NOR" B '.'McCULLOUGH CITY MANAGER
lso being present; andwith the following absent: NOW
i , constituting a quorum; at which time the following
mong.othbr business was transacted, to -wit:
:Councilwoman Jordan introduced a resolution authorizing
ze City of Lubbock to give notice of sale as required by the City Charter of the
4, 400, 000 City of Lubbock, Texas, Electric Light and Power System Revenue
;onds, Series 1976, dated April 15, 1976, said sale to be made at 10:30 A. M.
n the 14th day of Sept�nber, 1976.
I
The resolution was read in full, and thereupon, •:.Councilwoman Jordan
, moved that the resolution be passed. The motion
as seconded by Councilman Henry and carried by the
allowing vote:
YEAS: Mayor Bass and Councilmen West, McAlister,
Henry and Councilwoman Jordan.
NAYS: None.
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The Mayor then announced the passage and immediate effect of the
olution.
The resolution is as follows:
WHEREAS, all matters in controversy concerning the issuance and s
the Series 1976 revenue bonds in the amount of $4, 400, 000 have now been
Solved; NOW THEREFORE:
E IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK,
SECTION 1. THAT the City Secretary -Treasurer give notice of the sa:
f the $4, 400, 000 CITY OF LUBBOCK, TEXAS, ELECTRIC LIGHT AND
'OWER SYSTEM REVENUE BONDS, SERIES 1976, dated April 15, 1976, by
ublishing in the LUBBOCK AVALANCHE -JOURNAL on August 15, 22, 29 and
eptember 5 and 12, 1976, notice of such sale and that said notice be in sub-
tantially the following form:
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PASSED AND APPROVED this the 12th day of August, 1976.
MAYOR, City of Lubbock, Texas
TTEST:
sA
retary, Cityeof Lubbock, Texas
(City Seal)
NOTICE OF SALE
CITY OF LUBBOCK, TEXAS
The City Council of the City of Lubbock, Texas, will
receive sealed bids at the City Hall, Lubbock, Texas, until
10:30 A.M., Daylight Saving Time, September 14
1976, for the following described bonds:
$$4,400,000 City of Lubbock, Texas, Electric
Light and Power System Revenue Bonds, Series 1976.
Dated April 15, 1976; maturing $220,000 each
year April 15, 1978 through 1997. Denomination
$5,000. Bonds maturing 1988 through 1997
optional on April 15, 1987 or on any interest
payment date thereafter, at the price of par
and accrued interest plus a premium of 5% on
all bonds called April 15, 1987, such premium
reducing 1% for bonds called in each year there-
after until April 15, 1992, on and after which
date said bonds optional at par and accrued
interest.
Further information may be obtained from Mr. Sterling K.
Miller, Director of Finance, City of Lubbock, Texas, P. 0. Box
2000, Lubbock, Texas 79457; or from First Southwest Company,
Mercantile Bank Building, Dallas, Texas 75201, Financial Con-
sultants to the City.
City Secretary -Tr surer,
City of Lubbock, Texas
(City Seal)