Laserfiche WebLink
ORDINANCE AUTHORIZING THE ISSUANCE OF REVENUE BONDS <br />THE STATE OF TEXAS <br />COUNTY OF LAMAR <br />CITY OF PARIS <br />DESCRIPTIVE CAPTION <br />ORDINANCE NOo 2129 <br />BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, <br />AUTHORIZING THE TSSUANCE AND DELIVEP.Y OF: CITY <br />OF PARIS WATERWORKS AND SEWER SYSTEM REVENUE <br />BONDS, SERIES 1973-B, $355,000; PLEDGING THE <br />REVENUES OF THE CITY'S WATERWORKS AND SEWER <br />SYSTEM TO THE PAYNiENT OF THE PRINCIPAL AND IN- <br />TEREST OF SAID BONDS; AND ORDAINING OTHER MATTERS <br />PERTAINING THERETO. <br />WHEREAS, the bonds hereinafter <br />and favorably voted at elections held in <br />16th day of November, 1971 and Septernber <br />WHEREAS, the bonds hereinafter <br />issued and delivered pursuant to Vernon' <br />1118; and <br />authori.zed were duly <br />sai3 City on the <br />21, 1965; and <br />authorized are to be <br />s Articles 1111 through <br />WHEREAS, Texas Water Development Board is the owner <br />and holder of City of Paris Waterworks and Sewer System Junior <br />Lien Revenue Bonds, Series 1966, and in accordance with the <br />ordinance authorizing said bonds, must approve the issuance of <br />the proposed bonds; and <br />WHEREAS, it is hereby officially found and determined <br />that the extensions of the City's Sewer System to be constructed <br />with the proceeds of these bonds are necessary and economically <br />feasible; and <br />WHEREAS, it is hereby officially found and determined <br />that a case of emergency or urgent public necessity exists which <br />requires the holding of the meeting at which this Ordinance is <br />passed, such emergency or urgent public necessity being that the <br />proceeds from the proposed bonds are required as soon as possible <br />and without delay for necessary and urgently needed public im- <br />provements; that said meeting was open to the public, and public <br />notice of the time, place and purpose of said meeting was given, <br />all as required by Vernon's Anno Civ, St, Article 6252-170 <br />BE IT ORDAINED BY 'I'HE CITY COUNCIL dF THE CITY OF PARIS: <br />Section lo That said City's bonds, to be designated <br />the "City of Paris Waterworks and Sewer System Revenue Bonds, <br />Series 1973-B," are hereby authorized to be issued and delivered <br />in the principal amount of $355,000, for the purpose of improv- <br />ing and extending said City's Sewer System. <br />