1992-042RESOLUTION NO. 2
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 construction of
improvements and extensions to the City's combined Waterworks and
Sewer System and (ii) professional services rendered in connection
therewith; 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 $1,300,000 for the purpose of paying con-
tractual obligations to be incurred for (i) the construction of
improvements and extensions to the City's combined Waterworks and
Sewer System and (ii) professional services rendered in connection
therewith, such certificates to be payable from ad valorem taxes
and a lien on and pledge of the net revenues derived from the
operation of the City's combined Waterworks and Sewer System. 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.
0040721
SECTION 2: 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 passage of the ordinance authorizing
the issuance of the certificates of obligation.
PASSED AND ADOPTED, this September 15, 1992.
zl-
yor, Wi y/dY S6uthlake, Texas
ATTEST:
City Secretary, City of
Southlake, Texas
City Seal)
0040721
2-
EXHIBIT 4 .
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 6th day of
October, 1992, at its regular meeting place in the City Hall, 667
N. Carroll Avenue, Southlake, Texas, and, during such meeting, the
City Council will consider the first reading of an ordinance
authorizing the issuance of certificates of obligation in an
amount not to exceed $1,300,000 for the purpose of paying
contractual obligations to be incurred for (i) the construction of
improvements and extensions to the City's combined Waterworks and
Sewer System and (ii) professional services rendered in connection
therewith, such certificates to be payable from ad valorem taxes
and a lien on and pledge of the net revenues derived from the
operation of the City's combined Waterworks and Sewer System. 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
0040725