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<br />16 <br /> <br />RESOLUTION 1986-158R <br /> <br />RESOLUTION BY THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS CONSENTING TO THE SUBMISSION OF A <br />COMPETITIVE BID BY FIRST SOUTHWEST COMPANY, THE CITY'S <br />FINANCIAL ADVISOR, FOR THE CITY'S $1,4-00,000 CERTIFICATES <br />OF OBLIGATION, SERIES 1987 <br /> <br />WHEREAS, this City Council this date directed publication of notice of the <br />City's intention to issue $1,400,000 certificates of obligation of the City; <br /> <br />WHEREAS, this City Council this date further approved the form and content <br />of the official statement, notice of sale and official bid form for such certificates <br />of obligation, to be distributed by the City's financial advisor, First Southwest <br />Company, for the purpose of obtaining competitive bids for the sale and purchase of <br />such certificates of obligation; <br /> <br />WHEREAS, First Southwest Company intends to submit a competitive bid for <br />such certificates of obligation, for its own account or with others, but, under the <br />rules of the Municipal Securities Rule Making Board, may do so only after advising <br />the City of such intention and obtaining the City's consent thereto; <br /> <br />WHEREAS, First Southwest Company has advised the City of said intention <br />and requested the City to give such consent, in writing by letter, a copy of which is <br />attached hereto as Exhibit "A"; and <br /> <br />WHEREAS, it is hereby found and determined that such consent should be <br />given; Now, Therefore <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br /> <br />1. The City of San Marcos, Texas, by and through this City Council, <br />hereby consents to the submission of a competitive bid by First Southwest Company, <br />the City's financial advisor, for its own account or with others, for the City's <br />$1,400,000 Certificates of Obligation, Series 1987. <br /> <br />2. The Mayor and the City Secretary are hereby authorized and directed <br />to execute and attest, respectively, multiple originals of the letter attached hereto <br />as Exhibit "A" and to deliver one such executed copy to First Southwest Company. <br /> <br />PASSED AND APPROVED this 15th day of December, 1986. <br /> <br /> <br />~ I-~/~-"--- <br />f'i'-...."",.- , <br />"'" ',' <br />