1995-053RESOLUTION NO.
A RESOLUTIft 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 a new municipal complex; 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: 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 $350,000 for the purpose of paying
contractual obligations to be incurred for the acquisition of land
for a new municipal complex, 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: The Cil
notice to be published in
the City, once a week for
first publication to be al
date stated therein for th
the ordinance authorizing
obligation.
y Secretary shall cause the aforesaid
a newspaper of general circulation in
two consecutive weeks, the date of the
least fifteen (15) days prior to the
e second reading and final adoption of
the issuance of the certificates of
PASSED AND ADOPTED, this November 28, 1995.
4
ayo ty of Southlake, Texas
ATTEST:
City Secretary, City of
So &ehg, Texas
OF SOVr,,
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0293M 2-
QN1B1T A
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 19th day of
December, 1995, 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
350,000 for the purpose of paying contractual obligations to be
incurred for the acquisition of land for a new municipal complex,
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.
Sandra L. LeGrand
City Secretary, City of
Southlake, Texas
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