HomeMy WebLinkAbout1982-011AORDINANCE NO 82
ORDINANCE DIRECTING THE PUBLICATION OF NOTICE OF
INTENTION TO ISSUE CITY OF DENTON WATER AND SEWER
REVENUE BONDS, SERIES 1982, IN THE PRINCIPAL
AMOUNT OF $2,000,000
Ul
CITY OF DENTON ELECTRIC SYSTEM REVENUE BONDS,
SERIES 1982, IN THE PRINCIPAL AMOUNT OF $3,000,000
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 notices shall be published in the
"Denton -Chronicle", which is a newspaper published in, and hav-
ing 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 Ordinances described
in the following notices
"NOTICE OF INTENTION
TO ISSUE CITY OF DENTON WATER AND
SEWER SYSTEM REVENUE BONDS, SERIES 1982, IN THE
PRINCIPAL AMOUNT OF $2,000,000
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 March 2, 1982, at the City
Hall, an Ordinance authorizing the issuance, sale and delivery
of an issue of negotiable coupon bonds to be designated as
"City of Denton Water and Sewer System Revenue Bonds, Series
1982, in the maximum principal amount of $2,000,000, to be pay-
able from and secured by a first lien on and pledge of the Net
Revenues of the City's Waterworks and Sewer 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 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 provided in the aforesaid Ordinance Said bonds
will be authorized, 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 combined
Waterworks and Sewer System of the City
CITY OF DENTON, TEXAS"
"NOTICE OF INTENTION
TO ISSUE CITY OF DENTON
ELECTRIC SYSTEM REVENUE BONDS, SERIES 1982,
IN THE PRINCIPAL AMOUNT OF $3,000,000
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 March 2, 1982, at the City
Hall, an Ordinance authorizing the issuance, sale, and delivery
of an issue of negotiable coupon bonds to be designated as
"City of Denton Electric System Revenue Bonds, Series 1982", in
the maximum principal amount of $3,000,000, to be payable from
and secured by an irrevocable first lien on and pledge of the
Net Revenues of the City's 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 within a maximum of not to exceed thirty years
from their date, and will be sub3ect to redemption prior to
maturity, and will have such other and further characteristics,
as will be provided in the aforesaid Ordinances Said bonds
will be authorized, 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 Electric
Light and Power System of the City
CITY OF DENTON, TEXAS"
OFFICIAL NOTICE OF SALE
CITY OF DENTON, TEXAS
$2,000,000
WATER AND SEWER SYSTEM REVENUE BONDS,
SERIES 1982
$3,000,000
ELECTRIC SYSTEM REVENUE BONDS,
SERIES 1982
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 , Tuesday, March 2, 1982
for the purchase of
$2,000,000 water and Sewer Svstem Revenue Bonds,
to be ate March 1 1982, and to mature serially
Julv 15 each year 1983 through 1998
Bonds, to be
December 1 each year 1983 through 2000
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 the date of sale
All sealed bids will be publicly opened and tabu-
lated 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
February 15, 1982, and will be furnished to any
prospective bidder upon request, by First Southwest
Company, $00 Mercantile Bank Building, Dallas, Texas
75201, Financial Advisors to the City
The City reserves the right to re3ect any and all
bids and to waive any and all irregularities
By order of the City Council of the City of Denton,
Texas
BROOKS HOLT
City Secretary
City of Denton, Texas
"NOTICE OF INTENTION
TO ISSUE CITY OF DENTON
ELECTRIC SYSTEM REVENUE BONDS, SERIES 1982,
IN THE PRINCIPAL AMOUNT OF $3,000,000
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 March 2, 1982, at the City
Hall, an Ordinance authorizing the issuance, sale, and delivery
of an issue of negotiable coupon bonds to be designated as
"City of Denton Electric System Revenue Bonds, Series 1982", in
the maximum principal amount of $3,000,000, to be payable from
and secured by an irrevocable first lien on and pledge of the
Net Revenues of the City's 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 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 provided in the aforesaid Ordinances Said bonds
will be authorized, 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 e-tensions of the Electric
Light and Power System of the City
CITY OF DENTON, TEXAS"
NOTICE OF INTENTION
TO ISSUE CITY OF DENTON WATER AND
SEWER SYSTEM REVENUE BONDS, SERIES 1982, IN THE
PRINCIPAL AMOUNT OF $2,000,000
Notice is hereby given, in accordance witn Article 2368a,
Vernon's Annotated Texas Civil Statutes, that the City Council
of the City of Denton, Texas, intenas to pass, at a Regular
Meeting to be held at 7 00 PM, on March 2, 1982, at the City
Hall, an Ordinance authorizing the issuance, sale and delivery
of an issue of negotiable coupon bonds to be designated as
"City of Denton Water and Sewer System Revenue Bonds, Series
1982, in the maximum principal amount of $2,000,000, to be pay-
able from and secured by a first lien on and pledge of the Net
Revenues of the City's Waterworks and Sewer 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 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 provided in the aforesaid Ordinance Said bonds
will be authorized, issued, sold and delivered pursuant to
Articles lillb, 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 combined
Waterworks and Sewer System of the City
CITY OF DENTON, TEXAS