10-11-90-7.3 - Resolution - 10/11/1990RESOLUTION NO. 10-11-90-7.3
RESOLUTION DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE
CITY OF COLLEGE STATION, TEXAS, UTILITY SYSTEM REVENUE BONDB~
SERIES 1990
WHEREAS, the City Council of the City of College Station, Texas,
deems it necessary that the bonds hereinafter described be
authorized, issued, sold, and delivered as soon as practicable.
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COLLEGE STATION, TEXAS, THAT the following notice shall be pub-
lished in a newspaper published in, and having general circula-
tion in, the City of College Station, Texas, on the same day of
each of two consecutive weeks, with the date of the first pub-
lication to be at least two weeks prior to the date upon which
the City Council intends to pass the Ordinance described in the
following Notice:
"NOTICE OF INTENTION TO ISSUE CITY OF COLLEGE STATION, TEXAS,
UTILITY SYSTEM REVENUE BONDS, SERIES 1990
Notice is hereby given that the City Council of the City of
College Station, Texas, intends to pass, at a Regular Meeting to
be held on November 8, 1990, at City Hall, an Ordinance author-
izing the issuance, sale, and delivery of issuance of bonds
presently contemplated to be designated as "City of College
Station, Texas, Utility System Revenue Bonds, Series 1990", in
amount to provide approximately $1,000,000 for extensions and
improvements to the water system, approximately $2,300,000 for
extensions and improvements to the sewer system, and approx-
imately $1,500,000 for extensions and improvements to the
electric light and power system, to be payable from and secured
by a first lien on and pledge of the Net Revenues of the City's
water system, sewer system, and electric light and power system,
all as will be defined and provided in the aforesaid Ordinance.
Said bonds will bear interest from their date at maxiumum rates
not to exceed a net effective interest rate of 15% per annum,
being the maximum permitted by Vernon's Ann. Tex. Civ. St.
Article 717k-2, will be scheduled to mature in installments
serially within a maximum of not to exceed 30 years from their
date, and will be subject to redemption prior to maturity, and
will have such other and further characteristics, as will be
provided in the aforesaid Ordinance. Said bonds will be author-
ized, issued, sold, and delivered pursuant to the laws of the
State of Texas, including Vernon's Ann. Tex. Civ. St. Articles
1111 through 1118, and other applicable laws.
RESOLUTION NO. lO-11-qO~7q
PASSED AND ADOPTED by the City Council of the City of
College Station, this llth day of October, 1990.
AT~EST: .
Connie Hooks, City Secretary
~r
~ CERTIFICATE FOR RESOLUTION ~
We, the undersigned Mayor and City Secretary of the City of
College Station, Texas (the "City"), hereby certify as follows:
1. The City Council of the City (the "Council") convened
regular session, open to the public, on October 11, 1990, at the
meeting place designated in the notice (the "Meeting"), and the
roll was called of the members, to wit: Larry J. Ringer, Mayor
and the following Councilmembers: Fred Brown, Dick Birdwell, Ji!
Gardner, Nancy Crouch, Lynn McIlhaney, and Vernon E. Schneider.
All councilmembers were present thus constituting a quorum.
Whereupon among other business, the following was transacted at
the Meeting a written resolution, entitled: RESOLUTION
PUBLICATION OF NOTICE OF INTENTION TO ISSUE CITY OF COLLEGE
STATION, TEXAS, UTILITY SYSTEM REVENUE BONDS, SERIES 1990 (the
"Resolution") was duly introduced from the consideration of the
Council and read in full. It was then duly moved by
Councilmember Dick Birdwell and seconded by Councilmember
Nancy Crouch that the Resolution be finally passed and adopted;
and, after due discussion, such motion, carrying with it the
adoption of the Resolution prevailed and carried by the
vote:
AYES: 7 NOES: 0 ABSTENTIONS: 0
2. A true, full, and correct copy of the Resolution adopte,--
at the Meeting is attached to and follows this Certificate; the
Resolution has been duly recorded in the Council's minutes of the
Meeting; the above and foregoing paragraph is a true, full, and
correct excerpt from the Council's minutes of the Meeting
pertaining to the adoption of the Resolution; the persons named
in the above and foregoing paragraph are duly chosen, qualified,
and acting officers and members of the Council as indicated
therein; each of the officers and members of the Council was dul'--
and sufficiently notified officially and personally, in advance,
of the time, place, and purpose of the Meeting and that the
Resolution would be introduced and considered for adoption at th
Meeting and each of such officers and members consented, in
advance, to the holding of the Meeting for such purpose; and the
Meeting was open to the public, and public notice of the time,
place, and purpose of the Meeting was given, all as required by
Article 6252-17, Vernon's Texas Civil Statutes, as amended.
3. Connie Hooks is the duly appointed and acting City
Seq~tary of th9 City.
Ci~'~Se~cr e~t a~r~o f' ~e
College Station, Texas Station, Texas
O0 4
NOTICE OF INTENTION
TO ISSUE CITY OF COLLEGE STATION, TEXAS
UTILITY SYSTEM REVENUE BONDS, SERIES 1990
Notice is hereby given that the City Council of the City of
College Station, Texas, intends to pass, at a Regular Meeting to
be held on November 8, 1990, at the City Hall, an Ordinance
authorizing the issuance, sale, and delivery of an issue of
presently contemplated to be designated as "City of College
Station, Texas, Utility System Revenue Bonds, Series 1990", in
amount to provide approximately $1,000,000 for extensions and
improvements to the water system, approximately $2,300,000 for
extensions and improvements to the sewer system, and approx-
imately $1,500,000 for extensions and improvements to the
electric light and power system, to be payable from and secured
by a first lien on and pledge of the Net Revenues of the City's
water system, sewer system, and electric light and power system.
all as will be defined and provided in the aforesaid Ordinance.
Said bonds will bear interest from their date at maximum rates
not to exceed a net effective interest rate of 15% per annum,
being the maximum permitted by Vernon's Ann. Tex. Civ. St.
Article 717k-2, will be scheduled to mature in installments
serially within a maximum of not to exceed 30 years from their
date, and will be subject to redemption prior to maturity, and
will have such other and further characteristics, as will be
provided in the aforesaid Ordinance. Said bonds will be
authorized, issued, sold, and delivered pursuant to the laws of
the State of Texas, including Vernon's Ann. Tex. Civ. St.
Articles 1111 through 1118, and other applicable laws.
CITY OF COLLEGE STATION, TEXAS