HomeMy WebLinkAboutResolution - 3568 - Notice Of Intent To Issue Revenue Bonds, Electric Light & Power System - 03_14_1991i
Resolution No. 3568
March 14, 1991
Item #17
A RESOLUTION by the City Council of the City of
Lubbock, Texas, approving and authorizing
the giving of notice of intention to issue
revenue bonds.
WHEREAS, the City Council of the City of Lubbock,
Texas, has determined that revenue bonds should be issued in
accordance with the provisions of Articles 1111 et seq. and
2368a, V.A.T.C.S., and Chapter 252 of the Local Government
Code, to finance the cost of improving and extending the
electric light and power system of the City; and
WHEREAS, prior to the issuance of said revenue bonds,
this Council is required to give notice of. its intention to
issue the same in the manner and time provided by law; 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 given of this
Council's intention to meet at 11:00 o'clock A.M. on the 25th
day of April, 1991, during such meeting, consider the passage
and adoption of an ordinance authorizing issuance of revenue
bonds in an amount not to exceed $7,500,000 for the purpose of
making improvements and extensions to the electric light and
power system of the City. The notice hereby approved and
authorized to be given 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 such notice shall be published once a
week for two consecutive weeks in a newspaper published and
having general circulation in the City of Lubbock, Texas, the
date of the first publication of such notice to be at least
fifteen (15) days prior to the date stated therein for the
passage of the ordinance authorizing the issuance of the
revenue bonds.
PASSED AND APPROVED, this the 14th day of March, 1991.
Mayor, City of Lubbock, Texas
ATTEST:
4citecretary
(SEAL)
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NOTICE OF INTENTION TO ISSUE
CITY OF LUBBOCK, TEXAS, REVENUE BONDS
NOTICE IS HEREBY GIVEN that the City Council of
City of Lubbock, Texas, will convene at its regular meet
place in the City Hall of Lubbock, Texas at 11:00 o'clock A
on the 25th day of April, 1991, and during such meeting,
Council will consider the passage of an ordinance authoriz
the issuance of revenue bonds in a principal amount not
exceed SEVEN MILLION FIVE HUNDRED THOUSAND DOLLARS ($7,500,01
for the purpose of making improvments and extensions to
electric light and power system of the City. Such bonds sh,
mature not later than December 31, 2011, shall bear interest
such rate or rates (not to exceed 15% per annum) as determii
by the City Council. Such bonds shall be payable solely f
and equally secured by a lien on and pledge of the net reveni
of the City's electric light and power system.
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The holder of such bonds shall never have the right'to
demand payment out of any funds raised or to be raised by
taxation.
This Notice is issued pursuant to authority and
direction of the City Council of the City of Lubbock, Texas,
and in accordance with the provisions of Article 2368a,
V.A.T.C.S. and Chapter 252 0£ the Local Government Code.
City Secretary, City Of
Lubb ck, Texas
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356
CERTIFICATE OF CITY SECRETARY
THE STATE OF TEXAS §
§
COUNTY OF LUBBOCK §
§
CITY OF LUBBOCK §
I, the undersigned, City Secretary of the City
Lubbock, Texas, DO HEREBY CERTIFY as follows:
1. That on the 14th day of March, 1991, the (
Council of the City of Lubbock, Texas, convened in regi
session at its regular meeting place in the City Hall of ;
City; the duly constituted members of the Council being
follows:
B. C. MCMINN MAYOR
T. J. PATTERSON
BILL MALOY
GARY D. PHILLIPS
JOAN BAKER
MAGGIE TREJO
M.J. ADERTON
MAYOR PRO TEM
COUNCILMEMBER
COUNCILMEMBER
COUNCILMEMBER
COUNCILMEMBER
COUNCILMEMBER
of
ity
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aid
as
all of said persons were present at said meeting, except the
following: M. J. Aderton Among other
business considered at said meeting, the .attached resolution
entitled:
"A RESOLUTION by the City Council of the City of
Lubbock, Texas, approving and authorizing
the giving of notice of intention to issue
revenue bonds."
was introduced and submitted to the Council for passage
adoption. After presentation and due consideration of
resolution, and upon a motion made by Councilme
T. J. Patterson and seconded by Counci lmember Bill Malo
the resolution was finally passed and adopted by the Counci
the following vote:
5 voted "For" 0 voted "Against" 0 abstai
all as shown in the official Minutes of the Council for
meeting held on the aforesaid date.
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2. That the attached resolution is a true
correct copy of the original on file in the official records
the City; the duly qualified and acting members of the C
Council of the City on the date of the aforesaid meeting
those persons shown above and, according to the records of
office, each member of the Council was given actual notice
time, place and purpose of the meeting and had actual not
that the matter would be considered; and that said meeting,
deliberation of the aforesaid public business, was open to
public and written notice of said meeting, including
subject of the entitled resolution, was posted and given
advance thereof in compliance with the provisions of Arti
6252-17, Section 3A, V.A.T.C.S.
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IN WITNESS WHEREOF, I have hereunto signed my n me
officially and affixed the seal of said City, this the 14th ay
of March, 1991.
Cit&r Secretary 6/ -
City of Lubbock, Texas
(City Seal)
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FULBRIGHT & ..JAWORSKI
220o Ross AVENUE
SUITE 2800
DALLAS,TEXAS 75201
TELEPHONE: 214/855-8000
TELECOPI ER: 214/855-8200
March 8, 1991
VIA FEDERAL EXPRESS
Ms. Ranette Boyd
City Secretary
1625 13th Street
Lubbock, Texas 79457
RE: City of Lubbock, Texas, Revenue Bonds
Dear Ranette:
H USTON
WASH NGTON,D.C.
USTIN
SAt ANTONIO
ALLAS
N nW YORK
LOS ANGELES
ONDON
URICH
H NG KONG
We have prepared and are enclosing herewith
following proceedings relating to the giving of notice
intention to issue revenue bonds, to wit:
Mailed 1. Five copies of the _rtiiie o; C.ity . Secxe
03/15/91 relating to the Resolution approving and authori
publication of notice of intention to issue revenue bo
After completion and execution, one copy is for the Ci
records and�bpie are to be , r turned to us`f
the
of
ing
ds.
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Mailed 2. Two copies of the b2e=solution approving and
03/15/91 authorizing publication of notice of intention to issue rev nue
bonds. After completion and execution, one copy is for the
City' s records and ao is^ to . be . retuarned to, us'
3. One copy of the "Notice of Intention to Issue ity
of Lubbock, Texas, Revenue Bonds" for execution. This notice
is to be published once a week for two consecutive weeks in a
newspaper having general circulation in the City, the date of
the first publication to be at least fourteen (14) days prior
to the date stated therein for the passage of the ordin nce
authorizing the issuance of the revenue bonds.
4. Five copies of an Affidavit of Publication tc be
completed and executed by an official of the newspaper after
the notice has been published two times as aforesaid. To each
affidavit should be attached a clipping of the notice as it
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Ms. Ranette Boyd
March 8, 1991
Page 2
actually appeared in the newspaper. z ,Four copies are:
tried �tu�and one copy is for the City's files.
Should you have any questions, please advise.
Sincerely,
Mark S. Westergard
MSW/ler
Enclosures
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