HomeMy WebLinkAboutResolution 1984-018
RESOLUTION NO. 84-18
A RESOLUTION approving and authorizing the giving of
notice of intention to issue revenue bonds.
WHEREAS, the City Council of the City of North Richland
Hills, Texas, has determined that revenue bonds in the
principal sum of $2,000,000 should be issued in accordance
with the provisions of Articles 1111 et seq. and 2368a,
V.A.T.C.S. to finance the cost of making improvements and
extensions to the City's combined Waterworks and Sanitary
Sewer System, to wit: sewer collection and disposal facilities;
and
WHEREAS, prior to the issuance of said revenue bonds,
this Council is required to give notice of its intention to
issue the same in the manner and time provided by law; now,
therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
NORTH RICHLAND HILLS, TEXAS:
SECTION 1: That the City Secretary is hereby authorized
and directed to cause notice to be published of this Council's
intention to meet on the 23rd day of July, 1984, to pass an
ordinance and take such action as will be necessary to
authorize the issuance of revenue bonds in the total principal
amount of $2,000,000 for the purpose of making improvements and
extensions to the City's combined Waterworks and Sanitary Sewer
System, to wit: sewer collection and disposal facilities. The
notice hereby approved and authorized to be given 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 such notice shall be (i) published
once a week for two consecutive weeks in a newspaper having
general circulation in the City of North Richland Hills, Texas,
(there being no newspaper published in the City) and (ii)
posted at the City Hall, the date of posting at the City
Hall and the date of the first publication of such notice to
be at least fourteen (14) days prior to the date stated
therein for the passage of the ordinance authorizing the
issuance of the revenue bonds.
PASSED AND APPROVED, this
the 25th~YÎJ0fDJune, 1984.
~~
Mayor, City of North Richland
Hills, Texas
ity Secretary, Cl y of
North Richland Hills, Texas
(City Seal)
NOTICE OF INTENTION TO ISSUE [fXHfBf T .4
CITY OF NORTH RICHLAND HILLS, TEXAS, REVENUE BONDS
NOTICE IS HEREBY GIVEN that the City Council of the
City of North Richland Hills, Texas, will convene at its
regular meeting place in the City Hall of North Richland
Hills, Texas, at 7:30 o'clock P.M. on the 23rd day of
July, 1984, to pass an ordinance and take such action as may
be deemed necessary to authorize the issuance of revenue
bonds in the aggregate principal amount of $2,000,000 for the
purpose of making improvements and extensions to the City's
combined Waterworks and Sanitary Sewer System, to wit: sewer
collection and disposal facilities. Such bonds shall mature
not later than December 31, 2004; shall bear interest at
such rate or rates (not to exceed 15% per annum) as determined
by the City Council and said bonds, together with certain out-
standing revenue bonds of the City, shall be payable solely
from and equally secured by a first lien on and pledge of
the net revenues of the City's combined Waterworks and
Sanitary Sewer System.
The holder of such bonds shall never have the right to
demand payment out of any funds raised or to be raised by
taxation.
This Notice is issued pursuant to authority and direction
of the City Council of the City of North Richland Hills, Texas,
and in accordance with the provisions of Article 2368a,
V.A.T.C.S.
City Secretary, City of
North Richland Hills, Texas