1991-037City of Southlake, Texas
RESOLUTION NO. 91-37
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 (i) the acquisition of
land for municipal purposes and/or administrative facilities and
ii) professional services; 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 $200,000 for the purpose of paying
contractual obligations to be incurred for (i) the acquisition of
land for municipal purposes and/or administrative facilities, and
ii) professional services, 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 fifteen (15) days prior to the
date stated therein for the second reading and final adoption of
the ordinance authorizing the issuance of the certificates of
ob l yoMb ai,jQn .
S ...PD APPROVED this the J0 day of, 1991.
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CITY OF SOUTHLAKE, TEXAS
COv'
B 1 y
E511T*` 'Gary`Picilest, Ma r
gandra L. LeGrand
City Secretary
City of Southlake, Texas
RESOLUTION NO. 91-37
Page 2
APPROVED AS TO FORM:
City Attorney
City of Southlake, Texas
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 7:30 o'clock P.M. on the 20th day of
August, 1991, 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
200,000 for the purpose of paying contractual obligations to be
incurred for (i) the acquisition of land for municipal purposes
and/or administrative facilities and (ii) professional services,
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.
Ifliml Bush
Act ng City Secretary
Ci y of Southlake