HomeMy WebLinkAboutResolution - 102678E - Political Subdivisions To Issue Revenue Bonds - 10_26_1978KJ:hw
RESOLUTION
WHEREAS, jobs for citizens of the City of Lubbock are crucial to
our area's economic stability and growth; and
WHEREAS, 46 states in the United;States have found it in the
public interest to allow political subdivisions to issue revenue bonds
to create jobs, and
WHEREAS, Texas does not have such a competitive tool for com-
munities to entice new job opportunities, NOVI THEREFORE:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the City Council encourages every citizen to study the ad-
vantages of this far-sighted concept of fair and competitive business
opportunity; and
BE IT FURTHER RESOLVED, that every citizen support and encourage
passage of the Constitutional Amendment allowing political sub-
divisions to issue revenue bonds to create jobs for their citizens.
Passed by the City Council this 26thday of -
ATTEST. -
E yn G ga, ity S c tary-Treasurer
APPROVED AS TO FORM:
e-
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f J -
Jo6ft C. Ross, Jr., C y Attorney
October 1978.