1997-005-RES WHEREAS, IT IS DEEMED ADVISABLE THAT CITY COUNCIL OF A NOTICE OF PUBLICATION
RESOLUTION NO. 97 -005
WHEREAS, it is deemed advisable that City Council of the City of Paris authorize the
publication of a notice of intention to issue revenue bonds for the purpose of improving and
extending the City's waterworks and sewer system; and,
WHEREAS, it is hereby officially found and determined 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 Chapter 551, Texas Government Code; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS:
1. That the form and substance of the "Notice ofIntention to Issue City of Paris, Paris,
Texas, Waterworks and Sewer System Revenue Bonds, Series 1997," attached hereto
as Exhibit A, be, and the same are hereby, adopted and approved.
2. That the City Clerk of the City of Paris, Mattie Cunningham, be, and she is hereby,
directed to cause said Notice to be published, in substantially the form attached
hereto, in a newspaper of general circulation in the City of Paris and published in the
City of Paris, on the same day in each of two consecutive weeks, the date of the first
publication thereof to be at least fourteen (14) days prior to the time set for the
issuance of such revenue bonds as shown in said Notice.
3. That this Resolution shall become effective immediately upon adoption.
PASSED AND ADOPTED this 13th day of January, 1997.
ATTEST:
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Mattie Cunningham, City Clerk
NOTICE OF INTENTION TO ISSUE
CITY OF PARIS, PARIS, TEXAS ,WATERWORKS
AND SEWER SYSTEM REVENUE BONDS,
SERIES 1997
Notice is hereby given, in accordance with Article 2368a, V.A.T.C.S. and Chapter 252 of the
Local Government Code, that the City Council of the City of Paris, Paris, Texas, intends to consider
for passage at a Regular Meeting to be held at 6:00 p.m., on February 10, 1997, in the Council
Chambers at City Hall, 135 1st Street S.E., Paris, Texas, an ordinance authorizing the issuance, sale,
and delivery of an issue of bonds to be designated as "City of Paris, Paris, Texas, Waterworks and
Sewer System Revenue Bonds, Series 1997," in a maximum principal amount not to exceed five
million dollars ($5,000,000.00), for the purpose of improving and extending the City's waterworks
and sewer system, with such bonds to be payable from and secured by a first lien on and pledge of
the net revenues of the City's combined waterworks and sewer system, all as will be further
described, defined, and provided in the aforesaid ordinance. Said bonds will bear interest at
maximum rates not to exceed fifteen percent (15%) per annum, being the maximum permitted by
Article 7l7k-2, V.A.T.C.S., and will be scheduled to mature serially within a maximum of not to
exceed thirty (30) 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, with such
bonds being authorized, issued, sold, and delivered pursuant to Articles 1111 through 1118,
V.A.T.C.S.
Eric S. Clifford, Mayor
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