HomeMy WebLinkAbout1996-066ORDINANCE NO 96-LX2(p
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
$2,515,000
GENERAL OBLIGATION BONDS
SERIES 1996
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
7 00 p m, C D T, Tuesday, May 7, 1996
for the purchase of
$2 515 000 General Obligation Bonds Series 1996 to be dated May 1, 1996, and to mature
serially February 15 each year 1997 through 2016
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 23, 1996, 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 the 19th day of March, 1996
Bob Castleberry, Mayor
ATTEST
Jennifer Walters, City Secretary
By
APPROVED AS TO LEGAL FORM
Herbert L Prouty, City Attorney
By.