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05 Finance
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12 December
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05 Finance
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Last modified
8/23/2012 9:27:47 AM
Creation date
12/12/2008 1:42:53 PM
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Template:
AGENDA
Item Number
05
AGENDA - Type
MISCELLANEOUS
Description
Electric power contract with CAPP
AGENDA - Date
12/15/2008
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ordinance, the Member Contract or any ancillary agreement, certificate or document, <br />prior to the initial delivery of the Member Contract in order to (i) correct any ambiguity <br />or mistake or properly or more completely document the transactions contemplated and <br />approved by this ordinance, (ii) approve any changes to the Member Contract as <br />contemplated in the recitals hereto and Section 3 hereto, or (iii) obtain the approval of the <br />Member Contract (and the debt issued by CAPP relating to the PPA) by the Texas <br />Attorney General's office. <br />Section 8. In case any officer of the City whose signature shall appear on the <br />Member Contract shall cease to be such officer before the delivery of such Member <br />Contract, such signature shall nevertheless be valid and sufficient for all purposes the <br />same as if such officer had remained in office until such delivery. <br />Section 9. That if any one or more sections or clauses of this ordinance is adjudged to <br />be unconstitutional or invalid, such judgment shall not affect, impair or invalidate the <br />remaining provisions of this ordinance and the remaining provisions of the ordinance <br />shall be interpreted as if the offending section or clause never existed. <br />Section 10. The City hereby finds that the statements set forth in the recitals of this <br />ordinance are true and correct, and the City hereby incorporates such recitals as a part of <br />this ordinance. <br />Section 11. That by a supermajority vote of _ ayes and _ nays, the City Council voted <br />to suspend the rule requiring two readings before adoption of this ordinance. <br />Section 12. That this ordinance shall become effective from and after its passage of the <br />first reading and publication as reyuired by law. <br />PASSED AND ADOPTED on second and final reading this 15th day of <br />December, 2008. <br />Jesse James Freelen, Mayor <br />ATTEST: <br />Janice Ellis, City Clerk <br />APPROVED AS TO FORM: <br />W. Kent McIlyar, City Attorney <br />5 <br />
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