HomeMy WebLinkAboutResolution - 898 - Award Sale- Merrill Lynch White Weld Capital Markets Group- EL&PS Revenue Bonds - 08/27/1981RESOLUTION 898 - 8/27/81
G A RESOLUTION by the City Council of the
r4 +- t f L bb k T awardin the
yo u oc , exa s
, g
sale of $9,000,000 "City of Lubbock,
Texas, -Electric Light and Power
System Revenue Bonds, Series 1981",
dated August 15, 1981 and making
certain findings in connection
therewith.
WHEREAS, this City Council has heretofore determined that
it is to the best interest of the City and it inhabitants to
provide for the sale of the revenue bonds, notice of said sale
having been duly published; therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK,
TEXAS:
SECTION 1: That the $9,000,000"CITY OF LUBBOCK, TEXAS,
ELECTRIC LIGHT AND POWER SYSTEM REVENUE BONDS, SERIES 1981 dated
August 15, 1981, heretofore authorized to be issued be and the
same are hereby sold to Merrill lynch White Weld Capital Markets Group
and Associates - - - - - - - - - - - - - - - - - - - - - - - - - -
for cash for the par value thereof and accrued interest thereon
to date of delivery, plus a premium of $ -0 Delivery-
of
eliveryof said bonds shall be made to said purechasers as soon as may be
after the adoption of this resolution, upon payment therefor in
accordance with the terms of sale.
SECTION 2: The form and content of the Official Notice of
Sale with respect to said Bonds, and any addenda„supplement or
amendment thereto are hereby approved and the further use thereof
by the purchaser of said Bonds is hereby authorized.
PASSED AND APPROVED to take effect immediately, this the
27th -day of August, 1981.
ft
ity o Lubbock, Texas
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