Loading...
HomeMy WebLinkAbout1998-023ORDINANCE NO 98-0o�-3 AN ORDINANCE DIRECTING THE ISSUANCE AND PUBLICATION OF NOTICE OF SALE OF CITY OF DENTON GENERAL OBLIGATION BONDS, AND PROVIDING FOR AN EFFECTIVE DATE THE STATE OF TEXAS COUNTY OF DENTON CITY OF DENTON THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS Section I That the City Secretary is directed to issue a Notice of Sale of Bonds in substantially the following form OFFICIAL NOTICE OF SALE CITY OF DENTON, TEXAS $9,660,000 GENERAL OBLIGATION BONDS SERIES 1998 The City Council of the City of Denton, Denton County, Texas, will receive sealed bids at the Municipal Building, 215 E McKinney Street, in the City of Denton until 11 00 a in , C D T , Tuesday, April 7, 1998 for the purchase of $9 660 000 General Obligation Bonds Series 1998 to be dated April 1, 1998, and to mature serially on February 15 of each year 1999 through 2018 Sealed bids, plainly marked "Bid for Bonds", should be addressed to "Honorable Mayor and City Council, City of Denton, Texas", and must be submitted on the "Official Bid Form" to be made available by the City Council prior to the date of sale All sealed bids will be publicly opened and tabulated before the Council Copies of the "Official Statement", "Notice of Sale", and "Official Bid Form" are being prepared and will be marled to prospective bidders on or about March 24, 1998, and will be furnished to any prospective bidder upon request, by First Southwest Company, 500 First City Center, 1700 Pacific Ave, Dallas, Texas 75201, Financial Advisor to the City The City reserves the right to reject any and all bids and to waive any and all irregularities By order of the City Council of the City of Denton, Texas JENNIFER K WALTERS City Secretary City of Denton, Texas Section II That said Notice shall be published once in The Bond Buyer, New York, New York, which is a national publication regularly and primarily carrying financial news and municipal bond sale notices, and said Notice also shall be published once in the "Denton Record-Chromcle", which has been designated as the official newspaper of the City of Denton Said publications shall be made at least thirty days prior to the day set for receiving bids Section III That this Ordinance shall become effective immediately upon its passage and approval PASSED AND APPROVED this 3rd day of February, 1998 •i a JLrILI���_ . .VA ATTEST *Jfer' lters, City Secretary APPROVED AS TO LEGAL FORM Herbert L Prouty, City Un CERTIFICATE FOR ORDINANCE DIRECTING THE ISSUANCE AND PUBLICATION OF NOTICE OF SALE OF CITY OF DENTON GENERAL OBLIGATION BONDS, AND PROVIDING FOR AN EFFECTIVE DATE THE STATE OF TEXAS COUNTY OF DENTON CITY OF DENTON We, the undersigned officers of said City, hereby certify as follows 1 The City Council of said City convened in REGULAR MEETING ON THE 3RD DAY OF FEBRUARY, 1998, at the Municipal Building (City Hall), and the roll was called of the duly constituted officers and members of said City Council, to -wit Jennifer K Walters, Jack Nfiller, Mayor City Secretary Eulme Brock, Mayor Pro Tem Mike Cochran Ned Durrance Sandy Knstoferson Carl G Young, Sr Rom Beasley and all of said persons were present, except the following absentees thus constituting a quorum Whereupon, among other business, the following was transacted at said Meeting a written ORDINANCE DIRECTING THE ISSUANCE AND PUBLICATION OF NOTICE OF SALE OF THE CITY OF DENTON GENERAL OBLIGATION BONDS, AND PROVIDING FOR AN EFFECTIVE DATE was duly introduced for the consideration of said City Council and duly read It was then duly moved and seconded that said Ordinance be passed, and, after due discussion, said motion, carrying with it the passage of said Ordinance, prevailed and carved by the following vote AYES NOES 0 ABSTENTIONS Q 2 That a true, full, and correct copy of the aforesaid Ordinance passed at the Meeting described in the above and foregoing paragraph is attached to and follows this Certificate, that said Ordinance has been duly recorded in said City Council's mmutes of said Meeting, that the above and foregoing paragraph is a true, full, and correct excerpt from said City Council's minutes of said Meeting pertaining to the passage of said Ordinance, that the persons named in the above and fore- going paragraph are the duly chosen, qualified, and acting officers and members of said City Council as indicated therein, and that each of the officers and members of said City Council was duly and sufficiently notified officially and personally, in advance, of the time, place, and purpose of the aforesaid Meeting, and that said Ordinance would be introduced and considered for passage at said Meeting, and that said Meeting was open to the public, and public notice of the time, place, and purpose of said meeting was given, all as required by Chapter 551, Texas Government Code 3 That the Mayor of said City has approved, and hereby approves, the aforesaid Ordinance, that the Mayor and the City Secretary of said City have duly signed said Ordinance, and that the Mayor and the City Secretary of said City hereby declare that their signing of this Certificate shall constitute the signing of the attached and following copy of said Ordinance for all purposes SIGNED AND SEALED the 3rd day of February, 1998 O ty Secretary Mayor (SEAL) ------------------------- We, the undersigned, being respectively the City Attorney and the Bond Attorne the City of Denton, Texas, hereby certify that we prepared and approved as�Iee attached and following Ordinance prior to its passage as aforesaid 1 LL-19