1991-092-RES AUTHORIZING PUBLICATION OF NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION THE
RESOLUTION NO. 91-092
AUTHORIZING PUBLICATION OF NOTICE OF INTENTION
TO ISSUE CERTIFICATES OF OBLIGATION
THE STATE OF TEXAS ~
COUNTY OF LAMAR ~
CITY OF PARIS ~
WHEREAS, the City deems it advisable to give notice of
intention to issue certificates of obligation in the amount
of $3,300,000.00, for the purpose of pay ing, in whole or in
part, contractual obligations for improving and extending the
City's combined Waterworks and Sewer System, and to pay all
or a portion of the legal, fiscal and engineering fees in
connection with this project; and,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS:
1.
Intention
substance
That attached hereto is a form of the Notice of
to issue Certificates of Obligation, the form and
of which is hereby adopted and approved,
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 sa id 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
certificates of obligation as shown in said notice.
3. That this Resolution shall take effect immediately
upon its passage,
PASSED AND ADOPTED this the 29th day of August, 1991.
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ATTEST:
FORM:
City Attorney
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CITY OF PARIS
NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND UTILITY
SYSTEM REVENUE CERTIFICATES OF OBLIGATION
The City of Paris does hereby give notice of intention
to issue Combination Tax and Utility System Revenue
Certificates of Obligation, Series 1991, in the maximum
principal amount not to exceed $3,300,000.00, for the purpose
of paying, in whole or in part, contractual obligations for
improving and extending the City's' combined Waterworks and
Sewer System, and for paying all or a portion of the legal,
fiscal and engineering fees in connection with this project.
The City proposes to provide for the payment of such
Certificates of Obligation from the levy and collection of ad
valorem taxes in the City as"provided by law, and from the
revenues of the City's combined Waterworks and Sewer System,
after payment of all operation and maintenance expenses
thereof, and all debt service, reserve, and other
requirements in connection with all of the City's revenue
bonds (now or hereafter outstanding), which are payable from
all or any part of the Net Revenues of the City's combined
Waterworks and Sewer System. The .City Council proposes to
authorize the issuance of such Combination Tax and Utility
System Revenue Certificates of Obligation, Series 1991, at
6:00 P.M., on September 23, 1991, at a Special Meeting, at
the City Hall, Paris, Texas.
George Fisher, Mayor
Publish The Paris News 2 times
'Jtember 1, 1991
vcptember 8, 1991
LEGAL NOTICE
CITY OF PARIS
NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND UTILITY
SYSTEM REVENUE CERTIFICATES OF OBLIGATION
The City of Paris does hereby give notice of intention
to issue Combination Tax and Utility System Revenue
Certificates of Obligation, Series 1991, in the maximum
principal amount not to exceed $3,300,000.00, for the purpose
of paying, in whole or in part, contractual obligations for
improving and extending the City's combined Waterworks and
Sewer System, and for paying all or a portion of the legal,
fiscal and engineering fees in connection with this project.
The City proposes to provide for the payment of such
Certificates of Obligation from the levy and collection of ad
valorem taxes in the City as prov ided by law, and from the
revenues of the City's combined Waterworks and Sewer System,
after payment of all operation and maintenance expenses
thereof,
and
all
debt
service,
reserve,
and
other
requirements in connection with all of the City's revenue
bonds (now or hereafter outstanding), which are payable from
all or any part of the Net Revenues of the City's combined
Waterworks and Sewer System.
The City Council proposes to
authorize the issuance of such Combination Tax and Utility
System Revenue Certificates of Obligation, Series 1991, at
6:00 P.M., on September 23, 1991, at a Special Meeting, at
the City Hall, Paris, Texas.
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