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<br />11
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<br />RESOLUTION 1999-1I R
<br />
<br />A RESOLUTION BY THE CITY COUNCIL OF THE CITY OF SAi.~ MARCOS,
<br />TEXAS, APPROVING, R-\ TIFYING AND CONFlRJ."\1ING PUBLICATION OF
<br />NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION
<br />
<br />WHEREAS, on January 11,1999, the City Council (the "City Council") of the City of San Marcos,
<br />Texas (the "City") adopted a resolution directing publication of notice of the City's intention to issue, on
<br />February 8, 1999, certificates of obligation of the City in the ma.-umum principal amount of $2,500,000, for
<br />the public purpose of paying contractual obligations to be incurred for renovating and improving
<br />streets, including purchase of necessary materials, supplies and equipment;
<br />
<br />WHEREAS, on February 8, 1999, pursuant to said resolution, the City Council adopted an ordinance
<br />authorizing the issuance and awarding the sale of the certificates of obligation of the City entitled "City of
<br />San Marcos, Texas, Com bination Tax and Revenue Certificates of Obligation, Series 1999, in the aggregate
<br />principal amount of $2,500,000, for the aforesaid purpose;
<br />
<br />WHEREAS, subsequent to the adoption of said ordinance, it was determined that the newspaper in
<br />which notice of the City's intention to issue such certificates of obligation was to have been published had
<br />failed to publish such notice;
<br />
<br />WHEREAS, upon discovery of such failure of publication, the City Secretary of the City delivered
<br />to said newspaper notice of the City's intention to authorize the issuance of such certificates of obligation
<br />at the meeting of the City Council to be held on March 1, 1999, a copy of such notice being attached hereto
<br />as Exhibit A; and such notice was published in such newspaper on February 11, 1999, and February 18,
<br />1999;
<br />
<br />WHEREAS, the City Council finds and determines that it is necessary and to the best interests of
<br />the City to approve, ratify and confirm publication of such notice on February 11, 1999, and February 18,
<br />1999; Now, Therefore
<br />
<br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS:
<br />
<br />Section 1. Findings.
<br />
<br />The statements contained in the preamble of this Resolution are true and correct and are adopted
<br />hereby as findings of fact and operative provisions hereof for all purposes.
<br />
<br />Section 2. Publication of Notice Approved. Ratified and Confirmed.
<br />
<br />The publication of notice of the City's intention to issue certificates of obligation February 11, 1999,
<br />and February 18, 1999, as described in the third paragraph of the preamble of this Resolution is hereby
<br />approved, ratified and confirmed in all respects and for all purposes.
<br />
<br />(Execution page follows)
<br />
<br />R. \SAS~l-\R'.CO qq\OOCS.M TIFY ",po
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