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HomeMy WebLinkAbout1983-142ORDINANCE NO 83 - I -A L ORDINANCE DIRECTING THE PUBLICATION OF NOTICE OF INTENTION TO ISSUE CITY OF DENTON UTILITY SYSTEM REVENUE BONDS, SERIES 1984, IN THE MAXIMUM PRINCIPAL AMOUNT OF $1.000,000 THE STATE OF TEXAS COUNTY OF DENTON CITY OF DENTON WHEREAS, the City Council of the City of Denton, Texas, deems it necessary and advisable that the bonds hereinafter described be authorized, issued, sold, and delivered THE COUNCIL OF THE CITY OF DENTON ORDAINS That the following notice shall be published in the "Denton Record -Chronicle", which is a newspaper published in, and having general circulation in, the City of Denton, on the same day of each of two consecutive weeks, with the date of the first publication to be at least two weeks prior to the date upon which the City Council intends to pass the Ordinance described in the following notice "NOTICE OF INTENTION TO ISSUE CITY OF DENTON UTILITY SYSTEM REVENUE BONDS, SERIES 1984, IN THE MAXIMUM PRINCIPAL AMOUNT OF $1,000,000 Notice is hereby given, in accordance with Article 2368a, Vernon's Annotated Texas Civil Statutes, that the City Council of the City of Denton, Texas, intends to pass, at a Regular Meeting to be held at 7 00 PM, on February 21, 1984, at the City Hall, an Ordinance authorizing the issuance, sale, and delivery of an issue of bonds, to be evidenced initially by a single fully registered bond payable in installments, but convertible into definitive bonds in multiples of $5,000, to be designated as "City of Denton Utility System Revenue Bonds, Series 1984, in the maximum principal amount of $1,000,000, to be secured by and payable from a first lien on and pledge of the "Pledged Revenues", which "Pledged Revenues" include initially the "Net Revenues" of the "System", with said "System" initially consisting of the City's entire existing combined waterworks, sanitary sewer, and electric light and power system, all as will be defined and provided in the aforesaid Ordinance Said bonds will bear interest from their date at maximum rates not to exceed fifteen percentum per annumt will be scheduled to mature serially in installments within a maximum of not to exceed thirty years from their date, and will be subject to redemption prior to maturity, and will have such other and further characteristics, as will be pro- vided in the aforesaid Ordinance Said bonds will be author- ized, issued, sold and delivered pursuant to Articles 1111b, 1112, 1113, and 1114, Vernon's Annotated Texas Civil Statutes, and other applicable laws, for the purpose of providing money for improvements and extensions of the aforesaid "System" CITY OF DENTON, TEXAS" NOTICE OF INTENTION TO ISSUE CITY OF DENTON UTILITY SYSTEM REVENUE BONDS, SERIES 1984, IN THE MAXIMUM PRINCIPAL AMOUNT OF �1,000,000 Notice is hereby given, in accordance with Article 2368a, Vernon's Annotated Texas Civil Statutes, that the City Council of the City of Denton, Texas, intends to pass, at a Regular Meeting to be held at 7 00 PM, on February 21, 1984, at the City Hall, an Ordinance authorizing the issuance, sale, and delivery of an issue of bonds, to be evidenced initially by a single fully registered bond payable in installments, but convertible into definitive bonds in multiples of $5,000, to be designated as "City of Denton Utility System Revenue Bonds, Series 1984, in the maximum principal amount of $1,000,000, to be secured by and payable from a first lien on and pledge of the "Pledged Revenues", which "Pledged Revenues" include initially the "Net Revenues" of the "System", with said "System" initially consisting of the City's entire existing combined waterworks, sanitary sewer, and electric light and power system, all as will be defined and provided in the aforesaid Ordinance Said bonds will bear interest from their date at maximum rates not to exceed fifteen percentum per annum, will be scheduled to mature serially in installments within a maximum of not to exceed thirty years from their date, and will be subject to redemption prior to maturity, and will have such other and further characteristics, as will be pro- vided in the aforesaid Ordinance Said bonds will be author- ized, issued, sold and delivered pursuant to Articles 1111b, 1112, 1113, and 1114, Vernon's Annotated Texas Civil Statutes, and other applicable laws, for the purpose of providing money for improvements and extensions of the aforesaid "System" CITY OF DENTON, TEXAS CERTIFICATE FOR ORJMW�CE DIRECTING THE PUBLICATION OF Nar'CE OF r1MTrI0N To ISSUE CITy OF DENIM UTILITy SySTEM REVINE BONDS, SERIES 1984, IN THE MA)M4UM PRINCIPAL AMOUNT OF $1,000,000 THE STATE OF TEXAS COU?,TrY OF DENIM CITY OF DENTON vqe, the undersigned officers of said City, hereby certify as follows 1 The City council of said City convened in p,WULAR MEErING ON THE 20TH DAY OF DEC51BER, 1983, at the M=icipal Building (City Hall) , and the roll was called of the duly constituted officers and mezrbers of said City Council, to -wit Charlotte Allen, City Secretary Richard 0 Stewart, Mzyor Mark Chew Jack Barton Charles Hopkins Dr A Ray Stephens Jim Riddlesperger Joe Alford and all of said persons were present, except the following absentees r thus constituting a quorum vbereupon, anong other business, the following was transacted at said Meeting a written ORDMANCE DIFECrING 711E PUBLICATION OF NOTICE OF WIENTION TO ISSUE CITy OF DENIM UTILITy SySTEM REVENUE BONDS, SERIES 1984, IN THE MAXIMUM PRINCIPAL AMOUNT OF $1,000,000 was duly introduced for the consideration of said City Council and duly read It was then duly moved and seconded that said Ordanance be passed, and, after due discussionj said motion, carrying with it the passage of said Ordinance, prevailed and carried by the following vote AYES All mybers of said City Council shown present above voted "Aye" pk,-*F-p� z 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 the passage of said Ordinance, that the persons nawed in the above and foregoing paragraph are the duly chosen, qualified, and acting officers and nwbers of said City Council as indicated therein, and that each of the officers and menbers 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 nmting was given, all as required by Vernon's Ann Tex Civ st Article 6252-17 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 20th day of DeXZ3 Ma/City Secretary r W, the undersigned, Attorneys of the City of approved as to legality passage as aforesaid being respectively the City Attorney and the Bond Denton, Texas, hereby certify that we prepared and the attached and following Ordinance prior to its