Loading...
1992-013-RES WHEREAS, the City Council of the City of Paris has heretofore approved capital improvements to be RESOLUTION NO. 92-013 DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE CITY OF PARIS, PARIS, TEXAS WATERWORKS AND SEWER SYSTEM REVENUE BONDS, SERIES 1992 THE STATE OF TEXAS ~ COUNTY OF LAMAR ~ CITY OF PARIS ~ WHEREAS, the City finds that an improvement program is urgently needed for necessary improvements and extensions to the Waterworks and Sewer System; and, WHEREAS, the City deems it advisable to give notice of intention to issue revenue bonds in the amount of $9,700,000 for the purpose of improving and extending the Waterworks and Sewer System; and, WHEREAS, it is hereby officially found and determined that the meeting at which this Resolution was passed, was open to the public and public notice of the time, place, and purpose of said meeting was given, all as required by Art. 6252-17, V.A.T.C.S.; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS: 1. Intention the form approved. That attached hereto is a form of the Notice of to issue Waterworks and Sewer System Revenue Bonds, and substance of which is hereby adopted and 2. That the City Clerk shall cause said notice to be published in substantially the form attached hereto, in a newspaper of general circulation in said City, and published in said City, on the same day in each of two consecut i ve weeks, the date of the first publication thereof to be at least 14 days prior to the time set for the issuance of such revenue bonds as shown in said notice. 3. That this Resolution shall take effect immediately upon its passage. PASSED AND ADOPTED this the 9th day of March, 1992. ~~ rge isher, Mayor ATTEST: MattIe CI1Y OF PARIS, TEXAS NOTICE OF INTENTION TO ISSUE CI'IY OF PARIS, TEXAS WATERWORKS AND SEWER SYSTEM REVENUE BONDS, SERIES 1992, IN THE PRINCIPAL AMOUNT OF $9,700,000 Notice is hereby given in accordance with Article 2368a, V.A T.C.S. that the City Council of the City of Paris, Texas, intends to pass at a Special Meeting to be held at 6:00 P.M., on March 30, 1992, at City Council meeting room of the City Hall, in Paris, Texas, an Ordinance authorizing the issuance, sale and delivery of an issue of bonds to be designated as "City of Paris, Texas Waterworks and Sewer System Revenue Bonds, Series 1992", in the maximum principal amount not to exceed $9,700,000, to be payable from, together with other revenue bonds, and secured by a first lien on and pledge of the Net Revenues of the City's Waterworks and Sewer System, all as will be further descnoed, defined and provided in the aforesaid Ordinance. Said bonds will bear interest from their date at a maximum rate not to exceed 15% per annum, being the maximum permitted by Article 717k-2, V.A T.C.S., and will be scheduled to mature serially within a maximum of not to exceed 40 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 Articles 1111 through 1118, V.A T.C.S., and other applicable laws, for the purpose of providing money for improvements and extensions to the Waterworks and Sewer System of the City of Paris, Texas. CITY OF PARIS George Fisher, Mayor EXHIBIT A CERTIFICATE FOR RESOLUTION TIffi STATE OF TEXAS COUNTY OF lAMAR CITY OF PARIS We, the undersigned officers of said City, hereby certify as follows: 1. The City Council of said City convened in REGULAR MEETING ON TIffi 9TH DAY OF MARCH, 1992, at the City Hall, and the roll was called of the duly constituted officers and members of said City Council, to-wit: George Fisher, Mayor Don G. Shelton Jim Bell E. W. Booth Billy Joe Burnett E=a Smith Millie Ingram Mattie Cunningham, City Oerk and all of said persons were present, except the following absentees: thus constituting a quorum. Whereupon, among other business, the following was transacted at said Meeting: a written RESOLUTION DIRECTING PUBUCATION OF NOTICE OF INTENTION TO ISSUE CI1Y OF PARIS, TEXAS WATERWORKS AND SEWER SYSTEM REVENUE BONDS, SERIES 1992 was duly introduced for the consideration of said City Council and read in full. It was then duly moved and seconded that said Resolution be passed; and, after due discussion, said motion carrying with it the passage of said Resolution, prevailed and carried by the following vote: AYES: All members of said City Council shown present above voted "Aye". NOES: None. 2. That a true, full and correct copy of the aforesaid Resolution passed at the Meeting descnbed in the above and foregoing paragraph is attached to and follows this Certificate; that said Resolution has been duly recorded in said City Council's minutes of said Meeting; that the above and foregoing paragraph is a true, full and correct excerpt from said City Council's minutes of said Meeting pertaining to the passage of said Resolution; that the persons named in the above and foregoing paragraph are the duly chosen, qualified and acting officers and members of said City Council as indicated therein; that each of the officers and members of said City Council was duly and sufficiently notified officially and personally, in advance, of the time, place and purpose of the aforesaid Meeting, and that said Resolution would be introduced and considered for passage at said Meeting, and each of said officers and members consented, in advance, to the holding of said Meeting for such purpose, and that said Meeting was open to the public and public notice of the time, place and purpose of said meeting was given, all as required by Vernon's Ann. Civ. St. Article 6252-17. 3. That the Mayor of said City has approved and hereby approves the aforesaid Resolution; that the Mayor and the City Oerk of said City have duly signed said Resolution; and that the Mayor and the City Oerk of said City hereby declare that their signing of this Certificate shall constitute the signing of the attached and following copy of said Resolution for all purposes. SIGNED AND SEALED the 9th day of March, 1992. , c#;~ /~-v or City Clerk SEAl.