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741
<br />NOTICE OF INTENTION TO ISSUE
<br />CITY OF PARIS, PARIS, TEXAS ,WATERWORKS
<br />AND SEWER SYSTEM REVENUE BONDS,
<br />SERIES 1997
<br />Notice is hereby given, in accordance with Article 2368a, V.A.T.C.S. and Chapter 252 of the
<br />Local Government Code, that the City Council of the City of Paris, Paris, Texas, intends to consider
<br />for passage at a Regular Meeting to be held at 6:00 p.m., on February 10, 1997, in the Council
<br />Chambers at City Hall, 135 1 st Street S.E., Paris, Texas, an ordinance authorizing the issuance, sale,
<br />and delivery of an issue of bonds to be designated as "City of Paris, Paris, Texas, Waterworks and
<br />Sewer System Revenue Bonds, Series 1997," in a maximum principal amount not to exceed five
<br />million dollars ($5,000,000.00), for the purpose of improving and extending the City's waterworks
<br />and sewer system, with such bonds to be payable from and secured by a first lien on and pledge of
<br />the net revenues of the City's combined waterworks and sewer system, all as will be further
<br />described, defined, and provided in the aforesaid ordinance. Said bonds will bear interest at
<br />maximum rates not to exceed fifteen percent (15 %) per annum, being the maximum permitted by
<br />Article 717k -2, V.A.T.C.S., and will be scheduled to mature serially within a maximum of not to
<br />exceed thirty (3 0) years from their date, and will be subject to redemption prior to maturity, and will
<br />have such other and further characteristics as will be provided in the aforesaid ordinance, with such
<br />bonds being authorized, issued, sold, and delivered pursuant to Articles 1111 through 1118,
<br />V.A.T.C.S.
<br />Eric S. Clifford, Mayor
<br />City Manager Malone advised the Council that the next item on the
<br />agenda was appointment of members to the Paris Lamar County Board of
<br />Health, and this item had been tabled at the December 9, 1997 meeting,
<br />and a motion to bring it from the table would be in order if they wish
<br />to consider the item.
<br />A motion was made by Councilwoman Elder, seconded by Councilwoman
<br />McDonald to bring the above item from the table. The motion carried 5
<br />ayes, 0 nays.
<br />Resolution No. 97 -006, reappointing Dr. Gordon B. Strom, Jr., Mrs.
<br />Robert Norment, Rev. Samuel Evans and Dr. Charles Tarvin to serve as
<br />members of the Paris -Lamar County Advisory Board of Health for a term
<br />of two years beginning January 1, 1997, was presented. A motion was
<br />made by Councilman Boyd, seconded by Councilman Fulbright for approval
<br />of the resolution. The motion carried 5 ayes, 0 nays.
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