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Ord 2008-010
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Ord 2008-010
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Last modified
9/4/2008 2:23:26 PM
Creation date
7/11/2008 3:43:24 PM
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City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
Certificates of Obligation
Number
2008-10
Date
3/4/2008
Volume Book
175
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the directors, officers, agents, employees or representatives of the City Council nor any person <br />executing the Bonds shall be personally liable thereon or be subject to any personal liability for <br />damages or otherwise or accountability by reason of the issuance thereof, or any actions taken or <br />duties performed, whether by virtue of any constitution, statute or rule of law, or by the enforcement <br />of any assessment or penalty, or otherwise, all such liability being expressly released and waived as <br />a condition of and in consideration for the issuance of the Bonds. <br />Section 15.05. Payment of Attorney General Fee. <br />The City hereby authorizes the disbursement of a fee equal to the lesser of (i) one-tenth of one <br />percent of the principal amount of the Bonds or (ii) $9,500, provided that such fee shall not be less <br />than $750, to the Attorney General of Texas Public Finance Division for payment of the examination <br />fee charged by the State of Texas for the Attorney General's review and approval of public securities <br />and credit agreements, as required by Section 1202.004 of the Texas Government Code. The <br />appropriate member of the City's staff is hereby instructed to take the necessary measures to make <br />this payment. The City is also authorized to reimburse the appropriate City funds for such payment <br />from proceeds of the Bonds. <br />SANMARCOS/W W W SRev2008: Ordinance So <br />
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