2561 ORD DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION
ORDINANCE N0. 2561
DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE
CERTIEICATES OF OBLIGATION
THE STATE OF TEXAS •
COUNTY OF LAMAR •
CITY OF PARIS •
WHEREAS, the City Council finds that an improvement program
is urgently needed for improvements and extensions to the City's
Sewer System; and
WHEREAS, the City deems it advisable to give notice of
intention to issue certificates of obligation in the amount of
$650,000 to pay a11 or a portion of the City's contractual
obligations for improvements and extensions to the City's Sewer
System, to-wit: to provide $115,000 to purchase land, rights of
way and easements, to provide $520,000 to pay professional
services for engineering studies, reports and plans, and to
provide $15,000 to pay legal and fiscal fees in connection with
this project; and
WHEREAS, it is hereby o£ficially found and determined that a
case of emergency or urgent public necessity exists which requires
the holding of the meeting at which this Ordinance is passed, such
emergency or urgent public necessity being that the notice of
intention to issue certificates of obligation should be published
as soon as possible and without delay for necessary and urgently
needed public improvements; 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 Art. 6252-17, V.A.T.C.S.
BE IT ORDAINED BY THE CITY COUNCIL OE THE CITY OF PARIS:
1. That attached hereto is a form of the Notice of Intention
to issue Certificates of Obligation, the form and substance 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
said City, on the same day in each of two consecutive 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 Ordinance shall take effect immediately upon .
its passage.
PASSED AND ADOPTED this the 16th day of March, 1981.
City-Clerk Mayor
,APPROVE'D TO FORM:
City Attorney
CITY OF PARIS, TEXAS
NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION
The City of Paris does hereby give notice of intention to
issue Certificates of Obligation, Series 1981, in the maximum
principal amount not to exceed $650, 000 to pay all or a portion of
the City's contractual obligations for improvements and
extensions to the City's Sewer System, to-wit: to provide $115,000
to purchase land, rights of way and easements, to provide $520, 000
to pay professional services for engineering studies, reports and
plans, and to provide $15,000 to pay legal and fiscal 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. The
City Council proposes to authorize the issuance of such '
Certificates of Obligation, Series 1981, at 7:00 P.M., on April
13, 1981, at a Reqular Meeting, at the City Hall, Paris, Texas.
Michael E. Malone, Mayor
A TTA CHMENT
to
ORDINA NCE NO. 2561