Resolution 89-General Obligation of Bonds
A RESOLUTION approving and authorizing publication
of notice of intention to issue certificates
of obligation.
WHEREAS, the Ci ty Counci 1 of the Ci ty
has determined that certificates of obligation
under and pursuant to the provisions of
Government Code, Subchapter C of Chapter 271,
of acquiring land, rights-of-way and easements
improvements and extensions and to pay
professional services; and
of Wyl ie, Texas,
should be issued
V.T.C.A., Local
for the purpose
for sewer system
contracts for
WHEREAS, prior to the issuance of such certificates, the
City Council is required to publish notice of its intention to
issue the same in a newspaper of general circulation in the
City, said notice stating (i) the time and place the Council
tentatively proposes to pass the ordinance authorizing the
issuance of the certificates, (ii) the maximum amount proposed
to be issued, (iii) the purposes for which the certificates are
to be issued and (iv) the manner in which the Council proposes
to pay the certificates; now, therefore,
TEXAS:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WYLIE,
SECTION 1: That the City Secretary is hereby authorized
and di rected to cause not ice to be publ i shed of the Counc iI's
intention to issue certificates of obligation in the principal
amount not to exceed $200,000 for the purpose of acquiring
land, rights-of-way and easements for sewer system improvements
and extensions and to pay contracts for professional services,
such certificates to be payable from ad valorem taxes and a
lien on and pledge of the net revenues derived from the
operation of the Ci ty' s combined Waterworks and Sani tary Sewer
System. The notice hereby approved and authorized to be
published shall read substantially in the form and content of
Exhibit A hereto attached and incorporated herein by reference
as a part of this resolution for all purposes.
SECTION 2: That the City Secretary shall cause the
aforesaid notice to be published in a newspaper of general
circulation in the City, once a week for two consecutive weeks,
the date of the first PUblication to be at least fifteen (15)
days prior to the date stated therein for the passage of the
ordinance authorizing the issuance of the certificates of
obligation.
_____I
PASSED AND ADOPTED, this the 9t~/of May, 1989.
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~-Mayor, City of Wylie, Texas
(City Seal)
33765
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NOTICE OF INTENTION TO ISSUE CITY OF
WYLIE, TEXAS, CERTIFICATES OF OBLIGATION
TAKE NOTICE that the City Council of the City of_~ylie,
Texas)? shall convene at . ?C?J o'clock ~.M. on the J<1!-A:-~ay
of ..J.L/e.,,_L" , 1989, at Its regular meetIng place at the CIty
H~1Y: 2000 Highway 78 North, Wylie, Texas, and, during such
meeting, the City Council will consider the passage of an
ordinance authorizing the issuance of certificates of
obligation in an amount not to exceed $200,000 for the purpose
of acquiring land, rights-of-way and easements for sewer system
improvements and extensions and to pay contracts for
professional services, such certificates to be payable from ad
valorem taxes and a lien on and pledge of the net revenues
derived from the operation of the City's combined Waterworks
and Sanitary Sewer System. The certificates are to be issued,
and this notice is given, under and pursuant to the provisions
of V.T.C.A., Local Government Code, Subchapter C of Chapter 271.
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33775