1989-126ORDINANCE NO 89 - 126
ORDINANCE DIRECTING THE PUBLICATION OF NOTICE OF INTENTION
TO ISSUE CITY OF DENTON UTILITY SYSTEM REVENUE BONDS,
SERIES 1989, AND DIRECTING THE ISSUANCE AND PUBLICATION OF
NOTICE OF SALE OF SAID BONDS
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
Section 1 That the City Secretary is directed to cause
the following notice to 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 (14 days) 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 1989
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 October 24, 1989, at the
Municipal Building (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 1989, in the maximum
principal amount of $20,000,000, 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
maturity, and will have such other and
as will be provided in the aforesaid
will be authorized, issued, sold and
Articles 1111b, 1112, 1113, and 1114,
Civil Statutes, and other applicable 7
obtaining money for improvements and E
said "System"
to redemption prior to
further characteristics,
ordinance Said bonds
delivered pursuant to
Vernon's Annotated Texas
.aws, for the purpose of
extensions of the afore-
CITY OF DENTON, TEXAS"
Section 2 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
UTILITY SYSTEM REVENUE BONDS,
SERIES 1989
The City Council of the City of Denton, Denton
County, Texas, will receive sealed bids at the
Municipal Building (City Hall), 215 E McKinney
Street, in the City of Denton until
7 00 p m , Tuesday, October 24, 1989
for the purchase of
$20,000,000 Utility System Revenue Bonds, Series
1989, to be dated October 1, 1989, and to mature
serially December 1 each year 1992 through 2010
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
October 10, 1989, and will be furnished to any
prospective bidder upon request, by First Southwest
Company, 500 First City Center, 1700 Pacific Avenue,
Dallas, Texas 75201, Financial Advisors 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
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-Chronicle", 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
CERTIFICATE FOR
ORDINANCE DIRECTING THE PUBLICATION OF NOTICE OF INTENTION
TO ISSUE CITY OF DENTON UTILITY SYSTEM REVENUE BONDS,
SERIES 1989, AND DIRECTING THE ISSUANCE AND PUBLICATION OF
NOTICE OF SALE OF SAID BONDS
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 19TH DAY OF SEPTEMBER, 1989,
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, City Secretary Ray Stephens, Mayor
Bob Gorton Linni.e McAdams
Jane Hopkins Jim Alexander
Randall Boyd Hugh Ayer
and all of said persons were present, except the following
absentees Jennifer K Walters, City Secretary
thus constituting a quorum Whereupon, among other business,
the following was transacted at said Meeting a written
ORDINANCE DIRECTING THE PUBLICATION OF NOTICE OF INTENTION
TO ISSUE CITY OF DENTON UTILITY SYSTEM REVENUE BONDS, SERIES
1989, AND DIRECTING THE ISSUANCE AND PUBLICATION OF NOTICE
OF SALE OF SAID BONDS
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
carried by the following vote
AYES
r
s
NOES None
ABSENTIONS None
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 foregoing 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 per-
sonally, 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 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 Ordi-
nance for all purposes
SIGNED AND SEALED as of the J 96L day of 1989
~y Secretary M *or
(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
City ttor y
Bond Attorneys
AFFIDAVIT OF PUBLICATION
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
BEFORE ME, a notary public in and for the above named
County, on this day personally appeared the person whose name
is subscribed below, who, having been duly sworn, says upon
oath that he or she is a duly authorized officer or employee of
the "Denton Record-Chronicle", which is a newspaper of general
circulation published in the above named City, and that a true
and correct copy of the NOTICE OF INTENTION TO ISSUE CITY OF
CITY OF DENTON UTILITY SYSTEM REVENUE BONDS, SERIES 1989, a
clipping of which is attached to this Affidavit, was published
in said newspaper on the following dates
(lr tnhar 1 , ZR October g O oyee
SUBSCRIBED AND SWORN TO BEFORE ME on October 9 1989
4~2
f , t1, ^ qF~ ' o ry Public
1 rt Te
SI tlotair
My Commission expires 12/9/89
M111 w J.VF
(NOTARY-- U t1C SEAL)
tl t ,I