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<br />/J <br /> <br />RES 0 L UTI 0 N <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> <br />I <br /> <br />SAN MARCOS, TEXAS: <br /> <br />I. That the Financial Advisory Contract with Ranson & Co., Inc. <br /> <br />IS hereby amended to include uti lity revenue financing by the City; <br /> <br />2. That Ranson & Co., Inc. is appointed Advisor to the City <br /> <br />of San Marcos to investigate the financial feasibi lity of ownIng <br /> <br />and operating the gas distribution system now serving the City, <br /> <br />and to advise and assist the City of San Marcos in negotiating <br /> <br />with the owner, owners' agents, or independent agent, to obtain <br /> <br />said utility on terms and conditions agreeable to the City; <br /> <br />3, That Ranson & Co., Inc. wi II advise and assist the City in <br /> <br />I <br /> <br />the steps necessary for the issuance of the proper financing <br /> <br />and the del ivery of the issued securities to the ultimate <br /> <br />purchaser; <br /> <br />4. That fees, unless otherwise mutually agreed upon in ad- <br /> <br />vance by the City and the Advisor wi II be the minimum fee as <br /> <br />set by the Municipal Advisory Council of Texas; and <br /> <br />5. In the event that the gas system is not obtained by the <br /> <br />City, the City of San Marcos wi II owe Ranson & Co., Inc. nothing <br /> <br />for service rendered in the City's behalf on the project. <br /> <br />PASSED AND APPROVED th i s 26th day of February, A. D., 1968. <br /> <br />I <br /> <br />~/ <br />../ <br /> <br />-(j;;~~::t:/lY~ <br /> <br />Ell is Serur <br />Mayor <br /> <br />ATTEST: <br />~-' (, <br />I _:\ ,-~: -,1 ''--'\[) /i ,'"1 1 ~ f <br />) Y (} ~~J!,,-f{yti! rzW-/ <br />Dorothy O.~orrell <br />City SecretJary <br />i / <br />V <br />