HomeMy WebLinkAboutResolution - 880 - Notice Of Sale, Etc. - FSC - Light & Power System Revenue Bonds Series 1981 - 07/23/1981DGV:cl RESOLUTION 880 - 7/23/81
RESOLUTION See: Reso. 768, 3/26/81
WHEREAS, the City Council of the City of Lubbock, Texas, desires to
receive bids for the purchase of its $9,000,000 Electric Light and Power
System Revenue Bonds, Series 1981; and
WHEREAS, First Southwest Company, Dallas, Texas, has been authorized
and requested to prepare a Notice of Sale and Bidding Instructions, Official
Bid Form and Official Statement containing financial, economic and other data
necessary and desirable to attract bids for said bonds;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
LUBBOCK, TEXAS:
THAT the attached Notice of Sale and Bidding Instructions, Official Bid
Form and Official Statement relative to $9,000,000 City of Lubbock, Texas,
Electric Light and Power System Revenue Bonds, Series 1981, are hereby
approved, both as to form and content, and saidFirstSouthwest Company is
authorized to distribute said Notice of Sale and Bidding Instructions,
Official Bid Form and Official Statement to prospective bidders for, and
purchasers of, the bonds.
The City Secretary is hereby authorized and instructed to publish a
Notice of Sale on these Bonds in the Lubbock Avalanche -Journal in accordanee
with the City Charter.
PASSED AND APPROVED this the 23rd day of July , 1981, by the
City Council of the City of Lubbock, Texas, convened in RPg„1ar
session with a lawful quorum present.
ATTEST:`-
velyn G ff a, ft6,49 tary-Treasurer
APPROVED AS TO FORM:
Donald G. Vandiver, First Asst.
B L McALISTER, MAYOR
City -Attorney
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., Central Daylight Time, Thursday, August 27,
1981, for the following described bonds:
$9,000,000 City of Lubbock, Texas Electric Light and
Power System Revenue Bonds, Series 1981
Dated August 15, 1981; maturing $450,000 each year
April 15, 1983 through 2002. Denomination $5,000.
Optional at par and accrued interest on April 15,
1991, or any interest payment date thereafter.
Further information may be obtained from the Division
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 Consultants to the
City.
1
City Secretary -Treasurer
City of Lubbock, Texas
(City Seal)