Ord 1996-032 - Laserfiche WebLink

Home Browse Search

?if£ ORDINANCE NO. - AL'I" ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN lVL,ffiCOS, TEXAS, AUTHORIZING THE ISSUANCE AND SALE OF CITY OF SAN ,MARCOS, TEXAS, WATERWORKS AND SE\VER SYSTEM REVENUE BONDS, SERIES 1996-A, IN THE AGGREGATE PRINCIPAL Al\iIOUNT OF $1,500,000; PRESCRIBING THE FORM OF SAID B~NDS; PROVIDING FOR THE SECURITY FOR AND PAYl\iIENT OF SAID BONDS; A \V ARDING THE SALE THEREOF; APPROVING THE OFFICIAL STATEl\ilENT; ENACTING OTHER PROVISIONS RELATING TO THE SUBJECT; AND DECLARING AN ElVlERGENCY WHEREAS, waterworks and sewer system revenue bonds of the City were duly and favorably voted, pursuant to the laws of the State of Texas, at an election held in the City on the date hereinafter set forth; and the following are among the purposes and amounts of the bonds which were authorized, together with the total amount previously issued pursuant to each voted authorization, the amount therefrom being issued pursuant to this Ordinance, and the balance to remain unissued after the issuance ofthe bonds hereinafter authorized, to-v..it: Total A.mount* Amount * Amount * Election Amount * Previously Being Remaining Date Purpose Authorized Issued Issued Unissued 09/08/90 Wastewater Plant and Facilities $ 2,000 $ 200 -0- $ 1,800 09/08/90 "Vater Treatment Facilities 8,500 2,650 1,500 4,350 09/08/90 \-Vater and Sev/er System 1,330 -0- -0- 1,330 * Amounts in thousands. WHEREAS, the City Council considers it to be in the best interest of the City at this time to proceed with the issuance and sale of such revenue bonds, as authorized by the laws of the State of Texas, including, particularly, Tex, Rev. Civ. Stat. Ann. art. 1111, et seq., as amended,; Now, Therefore BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN' ;\L-\RCOS: - ""3AN"""\WWS:U", DCX"S' .c1lD,l<:E, F>l