1993-059RESOLUTION NO.-
A RESOLUTION approving and authorizing publication of
notice of intention to issue certificates of
obligation.
WHEREAS, the City Council of the City of - Southlake, Texas,
has determined that certificates of obligation should be issued
under and pursuant to the provisions of V.T.C.A., Local Government
Code, Subchapter C of Chapter 271, for the purpose of paying
contractual obligations to be incurred for the acquisition of land
for municipal purposes, including, but not limited to, parks and
recreational facilities; and
WHEREAS, prior to the issuance of such certificates, the
City Council is required to publish notice of its intention to
issue the same in a newspaper of general circulation in the City,
said notice stating (i) the time and place the Council tentatively
proposes to pass the ordinance authorizing the issuance of the
certificates, (ii) the maximum amount proposed to be issued, (iii)
the purposes for which the certificates are to be issued and (iv)
the manner in which the Council proposes to pay the certificates;
now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
SOUTHLAKE, TEXAS:
SECTION 1: That the City Secretary is hereby authorized
and directed to cause notice to be published of the Council's
intention to issue certificates of obligation in the principal
amount not to exceed $320,000 for the purpose of paying
contractual obligations to be incurred for the acquisition of land
for municipal purposes, including, but not limited to, parks and
recreational facilities, such certificates to be payable from ad
valorem taxes. The notice hereby approved and authorized to be
published 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 the City Secretary shall cause the
aforesaid notice to be published in a newspaper of general
circulation in the City, once a week for two consecutive weeks,
the date of the first publication to be at least f if teen (15 ) days
prior to the date stated therein for the second reading and final
0123624
adoption of the ordinance authorizing the issuance of the
certificates of obligation.
PASSED AND ADOPTED, this October 19, 1 3.
Pyoor, City f So thlake, Texas
ATT ST:
a Utxd
City Secretary, City of
Southlake, Texas
4ttlMrpy h
City
0123624
2-
EXHIBIT
NOTICE OF INTENTION TO ISSUE CITY OF
SOUTHLAKE, TEXAS, CERTIFICATES OF OBLIGATION
TAKE NOTICE that the City Council of the City of Southlake,
Texas, shall convene at 7:00 o'clock P.M. on the 16th day of
November, 1993, at the City Hall, 667 N. Carroll Avenue, Southlake,
Texas, and, during such meeting, the City Council will consider the
second reading and final adoption of an ordinance authorizing the
issuance of certificates of obligation in an amount not to exceed
320,000 for the purpose of paying contractual obligations to be
incurred for the acquisition of land for municipal purposes,
including, but not limited to, parks and recreational facilities,
such certificates to be payable from ad valorem taxes. The
certificates are to be issued, and this notice is given, under and
pursuant to the provisions of V.T.C.A., Local Government Code,
Subchapter C of Chapter 271.
City Secretary, City of
Southlake, Texas
0123612