HomeMy WebLinkAbout1997-068ORDINANCE NO 97- O (p a
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
$4,700,000
GENERAL OBLIGATION BONDS
SERIES 1997
The City Council of the City of Denton, Denton County, Texas, will receive sealed bids at the
Municipal Budding, 215 E McKinney Street, in the City of Denton until
1100 a in , C D T , Tuesday, April 15, 1997
for the purchase of
$4 700 000 General ObhaAion Bonds Series 1997 to be dated April 1, 1997, and to mature
serially February 15 each year 1998 through 2017
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 mailed to prospective bidders on or about April 1, 1997, 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
JENNIFERK 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 4th day of March, 1997
Jac ller, Mayor
ATTEST
Jennifer Walters, City Secretary
BY
11
APPROVED AS TO LEGAL FORM
Herbert L Prouty, City Attorney
By
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 4TH
DAY OF MARCH, 1997, at the Municipal Building (City Hall), and the roll was called of the duly
constituted officers and members of said City Council, to -wit
Jack Miller, Mayor Eulme Brock, Mayor Pro Tem
David Biles Neil Durrance
Jerry Cott 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
ABSTENTIONS 0
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 minutes 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 bf 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 4th day of March, 1997
City Secretary Mayor
(SEAL)
-------------------------
We, the undersigned, being respectively the City Attorney and the Bond Attorneys of the City
of Denton, Texas, hereby certify that we prepared and approved as to legality the attached and
following Ordinance prior to its passage as aforesaid
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City Attorney
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Bond Attorneys