HomeMy WebLinkAbout1982-1347 - Ordinance - 03/11/1982OpPI'.TArJCI: P :'O. 1147
AN ORPINAt'CF '1T1TIinrI7TT7C TIFF COPPFCTICT7
CFPTIFICATF OF OPLICATION ( rn03, PROVIPIP'C'
THE APIOPTI ?ATIOZ' ANP PT'PAYP'E I ?T f'CTIT PULE - FT
AUTIIOPIZIITC THE EXECUTION OF TfTF .'\TTACIIFP
SAME BY TTII? "TAYOR.
ANP '"OPIFICATION OF'
FOR TITF. REVISION OF
F'OPTII TH T, ArTP
AOPT *.sI":t CONCEPr.TPr 0
PF IT OPDARMP PY THE CITY COUNCIL OF TIIE CITY OF' COLI EOF
STATION:
1.
That TIHEREAS, The City of College Station :lid, in accordance
with the statutes and ordinances pertaining thereto, issue to
Pobert F. Spears -,an Certificate of Ohl inati.on ^Turlher 00003, in the
amount of ONU 'ITLI,ION T`;O HUrTIPEP TIICtISA.7.p DOI.LAP.S,
(51,1 being payable as provided therein with interest
at the rate of Ti:FLVF' PEPCET!T nor annum,, APTP
WHFPEP_S, it was inten(le(l that the repayment thereof should
be by an amortization of principal on the basis of twenty equal
annual installments, with the rer~ai_ninq principal and interest
beinri nayable in the seventh year,
ALT P
i ,,'IIFRFI\S the Certificate must ' rio�?ified to exnress the
terms and intentions of this Council. and the holder of such
Certificate, said holder 1havincx indicated his concurrence in the
necessity for such revision;
rIOV T TTJ7P7FOPF, the Council havi.nr considered tl1 t0 T c
said Certi..fi_cate of Obl i.gation r7umbor 0000?., an(! tl -)Q rtt,cl�e
' ^CCr•TT'TC'T' T(':! " rS Tn r•T ';rIIF'IC? TT OF ^PLICATIn
BE IT OPPAIT PY TI1F CITY COUNCIL OF' THE CIi'Y OF COL !.CF
STATIOI', TF }'A` , that the attache(? " At PFVISIOTJ OF
CEPTIFICATF OF OPLICATIOIT shall become effective upon execution
by the tSayor and Pober.t F. `.nearrian, and shall_ control. the
payment and amortization of said Certificate from this ( ?ate
forward.
Should any section or portion of this ordinance be declared
to be invalid, unenforceable, or unconstitutional, the remainder
of same shall continue in full force anr' effect and shall not be
vitiated thereby.
All ordinances or harts of ordinances in conflict herewith
are repealed to the extent of such conflict.
03 OU
Orclinance No. 1347
4.
This orrlinance shall 1�ecore effective iipon its
PASSEP AINP APPRON77P th 11th (lay of March I
App
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ATTEST : 4
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CITY SECR APY
03600