1982-032 ORDINANCE AUTHORIZING THE ISSUANCE OF
WATER AND SE~;ER SYSTEM REVENUE BONDS, SERIES 1982
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
WHEREAS, the bonds hereinafter authorized were lawfully
and favorably voted at an election duly held ~n said City on
MAY 16, 1972, and
WHEREAS, out of the bonds voted at said electlon, the
following prevlously have been issued and delavered
$4,475,000 out of a voted total of $5,275,000, for
the purpose of amprovlng and extendang
the Caty's Waterworks System, represented
by part of the Series 1972 Bonds, part of
the Series 1974 Bonds, part of the Ser~es
1977 Bonds, and part of the Seraes 1979
Bonds, and
$3,525,000 out of a voted total of $5,725,000, for
the purpose of ~mprovlng and extending
the C~ty's Sewer System, represented by
part of the Series 1972 Bonds, part of
the Ser~es 1974 bonds, part of the Series
1977 Bonds, and part of the Seraes 1979
Bonds, and
WHEREAS, the bonds hereinafter authorized and designated
were voted and are to be issued and delivered pursuant to
Vernon's Articles 1111 through 1118
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS
Section 1 That the sa~d City's bonds are hereby author-
lzed to be ~ssued an the aggregate principal amount of
$1,500,000 FOR THE PURPOSE OF IMPROVING AND EXTENDING THE
CITY'S SEWER SYSTEM
Sectaon 2 That sa!d bonds shall be desIgnated as the
"CITY OF DENTON WATFR AND SEWER SYSTEM REVENUE BONDS, SERIES
1982"
Sectlon 3 That said bonds shall be dated MAY 15, 1982,
shall be an the denom~natlon of $5,000 each, shall be numbered
consecutlvely from one upward, and shall mature serially on the
maturaty date, in each of the years, and in the amounts,
respectively, as set forth in the following schedule
MATURITY DATE JULY 15
YEARS AMOUNTS YEARS AMOUNTS
1983 $ 60,000 1992 $100 000
1984 100,000 1993 100 000
**** **** 1994 150 000
1987 75,000 1995 150 000
1988 75,000 1996 150 000
1989 75,000 1997 150 000
1990 75,000 1998 150 000
1991 90,000
Section 4 That the bonds scheduled to mature durang the
years, respectively, set forth below shall bear interest at the
followlng rates per annum
m~turltles 1983, 13 00% maturities 1991 13 00%
maturities 1984, 13 00% maturities 1992 13 00%
***** maturities 1993 12 20%
maturities 1987, 13 00% maturities 1994 12 40%
maturities 1988, 13 00% maturities 1995 12 50%
maturities 1989, 13 00% maturities 1996 12 70%
maturities 1990, 13 00% maturities 1997 12 90%
maturities 1998 11 125%
Said interest shall be evidenced by interest coupons which
sha~l appertain to said bonds, and which shall be payable in
the manner provided and on the dates stated in the FORM OF BOND
set forth in this Ordinance
Section 5 That said bonds and Interest coupons shall be
issued, shall be payable, may be redeemed prior to their sched-
uled maturity, shall have the characteristics, and shall be
signed and executed (and said bonds shall be sealed), all as
provided, and in the manner indicated, in the FORM OF BOND set
forth in this Ordinance
Section 6 That the form of said bonds, Including the
form of Registration Certificate of the Comptroller of Public
Accounts of the State of Texas to be printed and endorsed on
each of said bonds, and the form of the aforesaid interest
coupons which shall appertain and be attached Initially to each
of said bonds, shall be, respectively, substantially as
follows
FORM OF BOND
NO $5,000
UNITED STATES OF AMERICA
STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
WATER AND SEWER SYSTEM REVENUE BOND
SERIES 1982
ON JULY 15, 19__, THE CITY OF DENTON, in Denton County,
Texas, hereby promises to pay to bearer hereof the principal
amount of
FIVE THOUSAND DOLLARS
and to pay interest thereon, from date hereof, at the rate of
% per annum, evidenced by interest coupons payable JULY
1--~982, and semiannually thereafter while this bond is out-
standing
THE PRINCIPAL of this bond and the the Interest coupons
appertaining hereto shall be payable to bearer, in lawful money
of the United States of America, without exchange or collection
charges to the bearer, upon presentation and surrender of this
bond or proper interest coupon, at the following, which shall
constitute and be defined as the "Paying Agent" for this Series
of Bonds
CITIBANK, N A , NEW YORK, NEW YORK,
OR, AT THE OPTION OF THE BEARER, AT
FIRST NATIONAL BANK IN DALLAS, DALLAS, TEXAS
THIS BOND is one of a Series dated as of MAY 15, 1982,
authorized, issued, and delivered in the principal amount of
$1,500,000 FOR THE PURPOSE OF IMPROVING AND EXTENDING THE
CITY'S SEWER SYSTEM
2
ON JULY 15, 1992,
or on any Interest payment date thereafter, any outstanding
bon~s of this Series may be redeemed prior to their scheduled
maturities, at the option of said City, in whole, or in part,
for the principal amount thereof and accrued interest thereon
to the date fixed for redemption At least th!rty days prior
to the date fixed for any such redemption said City shall cause
a written notice of such redemption to be published at least
once in a financial publication published in the City of New
York, New York By the date fixed for any such redemption due
provision shall be made with the "Paying Agent" for the payment
of the principal amount of the bonds which are to be so re-
deemed and accrued interest thereon to the date fixed for re-
demption If such written notice of redemption is published
and if due provision for such payment is made, all as provided
above, the bonds which are to be so redeemed thereby automati-
cally shall be redeemed prior to their scheduled maturities and
they shall not bear Interest after the date fixed for redemp-
tion, and they shall not be regarded as being outstanding ex-
cept for the right of the bearer to receive the redemption
price from the "Pay!ng Agent" out of the funds provided for
such payment
IT IS HEREBY certified and covenanted that this bond has
been duly and validly authorized, issued, and delivered, that
all acts, conditions, and things required or proper to be
performed, exist, and be done precedent to or in the authoriza-
tion, issuance, and delivery of this bond have been performed,
existed, and been done in accordance with law, that this bond
is a special obligation, and that the principal of and interest
on this bond, together with other revenue bonds of said City,
are payable from, and secured by a first lien on and pledge of,
the Net Revenues of said City's Waterworks and Sewer System
SAID CITY has reserved the right, sub]ect to the restric-
tions stated, and adopted by reference, in the Ordinance au-
thorizing this Series of bonds, to issue additional parity
revenue bonds which also may be made payable from, and secured
by a first lien on and pledge of, the aforesaid Net Revenues
THE HOLDER HEREOF shall never have the right to demand
payment of this obligation out of any funds raised or to be
raised by taxation
IN WITNESS WHEREOF, this bond and the interest coupons
appertaining hereto have been signed with the facs~mlle signa-
ture of the Mayor of said City and countersigned with the
facsimile signature of the City Secretary of said City, and the
official seal of said City has been duly impressed, or placed
in facsimile, on this bond
xxxxxxxx xxxxxxx
City Secretary Mayor
FORM OF REGISTRATION CERTIFICATE
COMPTROLLER'S REGISTRATION CERTIFICATE REGISTER NO
I hereby certify that this bond has been examined, cert~-
fled as to validity, and approved by the Attorney General of
the State of Texas, and that this bond has been registered by
3
the Comptroller of Publmc Accounts of the State of Texas
Wmtness my smgnature and seal this
XXXXXXXX
Comptroller of Public Accounts
of the State of Texas
FORM OF INTEREST COUPON
NO
ON 15, 19
THE CITY OF DENTON, in the County of Denton, State of Texas,
promises to pay to bearer the amount shown on this interest
coupon, in lawful money of the United States of America, wmth-
out exchange or collection charges to the bearer, unless due
provmslon has been made for the redemption prior to scheduled
maturity of the bond to which this interest coupon appertaIns,
upon presentation and surrender of this mnterest coupon, at
CITIBANK, N A , NEW YORK, NEW YORK,
OR, AT THE OPTION OF THE BEARER, AT
FIRST NATIONAL BANK IN DALLAS, DALLAS, TEXAS,
samd amount bemng mnterest commng due that day on the bond,
bearing the number heremnafter designated, of that mssue of
CITY OF DENTON WATER AND SEWER SYSTEM REVENUE BONDS, SERIES
1982, DATED MAY 15, 1982 The holder hereof shall never have
the right to demand payment of thms oblmgatlon out of any funds
raised or to be ramsed by taxatmon Bond No
XXXXXXXX XXXXXXX
City Secretary Mayor
Section 7 (a) That the term "Outstandmng Bonds", as
hereznafter used an thms Ordmnance, shall mean all of samd
Cmty's presently outstanding bonds which are payable from, and
secured by a first lmen on and pledge of, the Net Revenues of
said Cmty's Waterworks and Sewer System
(b) That the bonds authormzed hereby are parmty "Addm-
tmonal Bonds" as defmned in the ordinance passed on July 12,
1960, authorizing the issuance, sale, and delivery of samd
City's Water and Sewer System Revenue Bonds, Series 1960
(c) That Sectmons 9 through 25 of said ordmnance are
hereby adopted by reference and shall be applicable to the
bonds authormzed to be issued by thms Ordmnance for all pur-
poses, except to the extent hereinafter speclfzcally mod!fled
and supplemented The bonds authormzed to be issued by thms
Ordmnance and the Outstandmng Bonds are and shall be on a
parity and of equal dignity in all respects, and are and shall
be payable from, and secured by a fmrst lmen on and pledge of,
the Net Revenues of samd City's Waterworks and Sewer System
Sectmon 8 That, in addition to all other amounts re-
qumred by the ordinances, respectively, authorizing the Out-
standmng Bonds, there shall be deposited into the Interest and
Slnklng Fund (created for the benefit of said Outstandmng Bonds
and all Addltmonal Bonds), from the Net Revenues of the System,
the followmng
(a) such amounts, an equal monthly installments,
made on or before the last day of each month
hereafter, as will be sufflcment to pay the
mnterest scheduled to come due on samd Series
1982 Bonds on the next interest payment date,
and
4
(b) such amounts, an equal monthly anstallments,
made on or before the last day of each month
hereafter, commencang an July, 1982, as wall
be suffac~ent to pay the next matur~nq pran-
capal of sa~d Seraes 1982 Bonds
Sectaon 9 That the Reserve Fund heretofore created for
the benefat of the Outstandang Bonds and all Addatlonal Bonds
now contaans money and ~nvestments not less than the amount of
$858,258 an market value On or before the last day of each
month hereafter there shall be deposited ~nto the Reserve Fund
such amounts, in equal monthly installments, as w~ll cause the
Reserve Fund to contain, wathan fare years after the date of
the Ser~es 1982 Bonds, an amount of money and anvestments equal
in market value to the average annual pranclpal and lnterest
requirements on the Outstandanq Bonds and the Ser~es 1982 Bonds
(the "Reserve Required Amount") Thereafter, no addat~onal
deposats shall be made anto the Reserve Fund as long as the
money and anvestments therean are equal to the Reserve Requared
Amount, but ~f and whenever the Reserve Fund ~s reduced below
the Reserve Required Amount, a monthly deposit shall be made,
on or before the last day of each month thereafter, anto the
Reserve Fund from Net Revenues of the System (after the re-
quired deposits have been made anto the Interest and Sank~ng
Fund), an an amount equal to 1/60th of the Reserve Required
Amount, until such t~me as the Reserve Fund has been restored
to the Reserve Requared Amount, and the Clty covenants to keep
and maantaan the Reserve Requared Amount ~n the Reserve Fund In
the manner descrabed above The Reserve Fund shall be ma~n-
taaned, used, and may be anvested, for the benefat of the Bonds
and all Addataonal Bonds, an accordance w~th the procedures, as
hereln modafaed and supplemented, set forth an the ordinances,
respectively, authorazang the Outstanding Bonds It Ks pro-
vaded, however, that af and whenever, due to investment income
or otherwise, the Reserve Fund contains an amount ~n excess of
the Reserve Requared Amount, such excess shall be deposated
immediately to the credit of the Revenue Fund
Section 10 That the bonds authorazed by th~s Ordinance
are and shall be specaal oblagataons of said Caty, and the
holder or holders thereof shall never have the r~ght to demand
payment of sald oblagataons out of any funds raised or to be
raased by taxataon
Sectaon 11 That the Mayor of sa~d C~ty as hereby author-
· zed to have control of sa~d bonds and all necessary records
and proceedangs pertaan~ng to sa~d bonds pending thear delivery
and their ~nvestagat~on, examination, and approval by the
Attorney General of the State of Texas, and their regastrat~on
by the Comptroller of Publac Accounts of the State of Texas
Upon regastrat~on of saad bonds, said Comptroller of Public
Accounts (or a deputy desagnated ~n wratang to act for sa~d
Comptroller) shall manually sagn the Comptroller's Reg~strataon
Certaf~cate pranted and endorsed on each of sa~d bonds, and the
seal of saad Comptroller shall be ~mpressed, or placed ~n fac-
s~male, on each of saad bonds
Sectlon 12 That the City covenants to and w~th the pur-
chaser of the bonds that at wall make no use of the proceeds of
the bonds at any tame throughout the term of th~s ~ssue of
bonds whlch, af such use had been reasonably expected on the
date of delivery of the bonds to and payment for the bonds by
the purchasers, would have caused the bonds to be arbitrage
bonds wlthan the meanang of Sectaon 103(c) of the Internal
Revenue Code of 1954, as amended, or any regulations or rulangs
pertaan~ng thereto, and by this covenant the Caty ~s oblagated
to comply wath the requirements of the aforesaad Sectaon 103(c)
and all applicable and pertlnent Department of the Treasury
5
regulations relating to arbitrage bonds The Clty further
covenants that the proceeds of the bonds w~ll not otherwlse be
used d~rectly or ~nd~rectly so as to cause all or any part of
the bonds to be or,become arbitrage bonds w~th~n the meaning of
the aforesaid Section 103(c), or any regulations or rulings
pertaining thereto
Section 13 That ~t ~s hereby officially found and de-
termined that a case of emergency or urgent public necessity
exists which requires the holdlng of the meetlng at which th~s
Ordinance ls passed, such emergency or urgent public necessity
being that the proceeds from the sale of said bonds are re-
quired as soon as possible and without delay for necessary and
urgently needed public improvements, and that said meeting was
open to the public, and public notlce of the tlme, place, and
purpose of sa~d meeting was g~ven, all as required by Vernon's
Ann C~v St Article 6252-17
Section 14 That the City Council officially f~nds, de-
termines, and declares that sald bonds have been duly adver-
tised for sale as required by the Home Rule Charter of sa~d
C~ty, that sealed blds have been received at a public sale of
sa~d bonds held on March 2, 1982, that all of sa~d bonds are
hereby sold and shall be delivered to a syndicate managed or
headed by K~dder, Peabody & Co , Inc , belng the best b~dder at
sa~d public sale, for the principal amount of sa~d bonds, and
accrued interest thereon to the date of delivery, plus a
premium of $ -0-
Section 15 It ~s further found and determined that the
Official Not~ce of Sale for sa~d bonds was duly published on
March 5, 1982 in The Bond Buyer, New York, New York, which is a
national publlcat~on regularly and primarily carrying financial
news and municipal bond sale notices, and on March 5, 1982 ~n
the Denton Record-Chronicle, which has been designated as the
official newspaper of the C~ty of Denton The form and sub-
stance of sa~d Official Not~ce of Sale, and the aforesaid
publications thereof, are hereby approved and ratified in all
respects by the C~ty Council
Section 16 That it ~s hereby officially found, deter-
m~ned, and declared that said bonds have been sold at public
sale to the b~dder offering the lowest 3nterest cost, after
receiving sealec b~ds pursuant to an Official Not~¢e of Sale
and Offlc~al Statement dated March 15, 1982, prepared and
d~str~buted ~n connection w~th the sale of sald bonds Sald
Official Not~ce of Sale and Official Statement have been and
are hereby approved by the C~ty Council It ~s further offi-
cially found, determined, and declared that the statements and
representations contained ~n sa~d Official Not~ce of Sale and
Official Statement are true and correct ~n all mater~al re-
spects, to the best knowledge and belief of the C~ty Council
6
~ENERAL CERTIFICATE
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
We, the undersigned, hereby officially certify that we are
the Mayor and City Secretary, respectmvely, of said City, and
we further certify as follows
1 That said City is a duly incorporated Home Rule Cmty,
having more than 5000 Inhabitants, operating and exzstlng under
the Constitution and laws of the State of Texas and the duly
adopted Home Rule Charter of said Czty, which Charter has not
been changed or amePded sznce the passage of the ordinance
authorizing the Issuance of the City of Denton Electric System
Revenue Bonds, Series 1982
2 That no lltzgatzon of any nature has ever been filed
pertaining to, affecting, or contesting (a) the election
which authorlzed the proposed Clty of Denton Water and Sewer
System Revenue Bonds, Series 1982, dated May 15, 1982, ~n the
principal amount of $1,500,000, (b) the ~ssuance, delivery,
payment, security, or validity of said proposed bonds, (c) the
title of the present members and officers of the Clty Councml
of said City to their respective offices, or (d) the valldzty
of the corporate existence or the Charter of said City
3 That none of the revenues or zncome of said City's
Water and Sewer System have been pledged or encumbered to the
payment of any debt or obligation of said City or said System,
except in connection with the aforesaid proposed Ser~es 1982
Bonds, and the outstandlng Bonds of the following issues of
revenue bonds of sald Czty
Water and Sewer System Revenue Bonds, Sermes 1960,
Water and Sewer System Revenue Bonds, Series 1962,
Water and Sewer System Revenue Bonds, Series 1964,
Water and Sewer System Revenue Bonds, Series 1966,
Water and Sewer System Revenue Bonds, Series 1969,
Water and Sewer System Revenue Bonds, Series 1972,
Water and Sewer System Revenue Bonds, Ser~es 1974,
Water and Sewer System Revenue Bonds, Sermes 1977,
Water and Sewer System Revenue Bonds, Ser~es 1979,
and with the surplus revenues thereof havmng been pledged in
connection w~th that zssue of Cmty of Denton Cert~fzcates of
Obllgatlon, Series 1978, dated March 1, 1978
4 That the Interest and Smnklng Fund and the Reserve
Fund, created and maintained for the benefit of the outstanding
bonds listed above, in accordance with the ordinances, respect-
lvely, authorizing thezr issuance, each contains the amount now
requzred to be on deposxt therezn, and the City Ks not in de-
fault zn any of the covenants contazned ~n the aforesaid ordz-
nances
5 That the statements and lnformatlon set forth in the
Offlclal Statement dated March 15, 1982, pertaining to the
aforesaid proposed Bonds and the City, and particularly the
Water and Sewer System operating statement and debt service
requirements and coverage factors set forth on page 5 thereof
are true and correct, and the Water Rates and Sewer Rates set
forth on page 8 thereof are currently ~n effect and were au-
thorized by an ordinance duly passed by the C~ty Council
SIGNED AND SEALED this 6th day of Aprml, 1982
-- City ~e~retary - -- ~ ~ Major
(SEAL)
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
I, the undersigned City Secretary of the City of Denton,
Texas, hereby certify as follows
1 That th~s certificate is executed wlth reference to
the proposed City of Denton Water and Sewer System Revenue
Bonds, Ser~es 1982, dated May 15, 1982, in the principal amount
of $1,500,000 (the "Bonds"), whlch Bonds were authorlzed by
Ordlnance No 82-~%_passed by the City Council of the City of
Denton on Aprll 6, 1982
2 That no petition whatsoever has been f~led w~th the
City, the City Council, or any of its officers protesting the
~ssuance of the Bonds or requesting that the City Council
submit to a referendum vote the question as to the issuance of
the Bonds, and no petltlon whatsoever has been filed with
respect to the Bonds
SIGNED AND SEALED this the 6th day of Aprll, 1982
-- -~it~ S~cre~y
(CITY SEAL)
LAW OFFICES
M{;CALL~ PARKHURST & HORTON
PETER M TART DALLAS TEXAS 752OI
....... sP..~Eo. April 6, 1982
Honorable Mayor and Councll of
the Caty of Denton
Denton, Texas
Gentlemen
City of Denton Water and Sewer System
Revenue Bonds, Seraes 1982, $1,500,000
In complaance wath Sectaon 9 02 and Sectaon 9 04 of the
Clty Charter of the Caty of Denton, you are advased that the
bids for the captloned issue of bonds have been tabulated and
that we fand that the bid of a syndicate managed or headed by
the followang
wath the bonds to bear i~terest at the rates therein specifiud,
with such badder to pay par and accrued interest to date of
delivery for saad bonds, plus a premium of $-- ~-- , is the
lowest and best bad received, and we recommend' that at be
accepted
We further certafy that we have examaned the ordinance
presently placed before the Mayor and Council for the purpose
of authorazlng the assuance of saad bonds, and, in our oplnaon,
the saad proposed bond ordinance is legal, and the bonds to be
issued thereunder wall be special obligations of the Clty pay-
able from, and secured by a farst lien on and pledge of, the
Net Revenues of the City's Waterworks and Sewer System
Respectfully,
McCALI, PARKHURST & HORTON
Paul B Horton
)REPAREO BY FIRST SOUTHWEST COMPANY, 900 MERCANTILE BANK BUILDING, DALLAS, TEXAS 75201
TABULATION OF BIDS
RECEIVED AT SALE OF
$1,500,000
CITY OF DENTON, TEXAS
WATER AND SEWER SYSTEM REVENUE BONDS
SERIES 1982
C~ROSS LESS NET EFFECT l YE
ACCOUNT MANAGER INTEREST COST PRE41U~ NTEREST COST INTEREST RATE
~,01~, q~a,>~l ~ ~,o/S,zl?~'~q i~ ,~)3 '? ~'~
CERTIFICATE FOR
ORDINANCE AUTHORIZING THE ISSUANCE OF
WATER AND SEWER SYSTEM REVENUE BONDS, SERIES 1982
THE STATE OF TEXAS
~OUNTY 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 6TH DAY OF APRIL, 1982,
at the Munlclpal Bulldlng (C~ty Hall), and the roll was called
of the duly constituted officers and members of said City
Council, to-w~t
Charlotte Allen, City Secretary Richard O Stewart, Mayor
Mark Chew Richard H Tallaferro
Dwight L Galley Dr A Ray Stephens
Jlm R~ddlesperger Joe Alford
and all of said persons were present, except the following
absentees ,
thus constltuting a quorum Whereupon, among other business,
the following was transacted at said Meeting a written
ORDINANCE AUTHORIZING THE ISSUANCE OF
WATER AND SEWER SYSTEM REVENUE BONDS, SERIES 1982
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, sa~d motion,
carrying w~th it the passage of said Ordinance, prevailed and
carried by the following vote
AYES All members of said City Counc!l
shown present above voted "Aye"
NOES None
2 That a true, full, and correct copy of the aforesaid
Ordlnance passed at the Meeting described in the above and
foregoing paragraph is attached to and follows this Certifi-
cate, that said Ordinance has been duly recorded in said City
Council's minutes of sold Meetlng, 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-
golng paragraph are the duly chosen, quallfled, 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 t~me, place, and purpose of the aforesa~o
Meeting, and that said Ordlnance would be introduced and
considered for passage at sa~d Meeting, and that sa~d Meeting
was open to the public, and public notlce of the t~me, place,
and purpose of sa~d meeting was given, all as requlred by
Vernon's Ann Tex Clv St Article 6252-17
3 That the Mayor of sa~d City has approved, and hereby
approves, the aforesaid Ordinance, that the Mayor and the C~ty
Secretary of sald City have duly signed said Ordinance, and
that the Mayor and the C~ty Secretary of sa~d City hereby de-
clare that thelr s~gn~ng of this Certificate shall constitute
the signing of the attached and following copy of said Ordi-
nance for all purposes
- ' -Ofty Sec~t~ry -- ~/ ~- M~yor v v
(SEAL) ................................ 4 ...... L ................
We, the undersigned, being respectively the C~ty Attorney
and'the Bond Attorneys of the City of Denton, Texas, hereby
certify that we prepared and approved as to legality the at-
tached and following Ordinance prior to lts~as, sage as afore-
sa~d ~
~;~ City/A~tor~
~ B~nd Attorneys ~
THE STATE OF TEXAS
COUNTY OF DENTON
CITY OF DENTON
I, the underszgned C~ty Secretary of the Czty of Denton,
Texas, hereby certzfy as follows
1 That th~s certmf~cate ~s executed wzth reference to
the proposed C~ty of Denton Electric System Revenue Bonds,
Ser~es 1982, dated April 1, 1982, zn the prznc~pal amount of
$3,000,000 (the "Bonds"), which Bonds were authorized by
Ordinance No 82-28 passed by the C~ty Council of the City of
Denton on March 2, 1982
2 That no petztzon whatsoever has been f~led w~th the
City, the Czty Counczl, or any of its officers protestlng the
~ssuance of the Bonds or requesting that the C~ty Council
submit to a referendum vote the question as to the ~ssuance of
the Bonds, and no petition whatsoever has been fzled w~th
respect to the Bonds
City 8~cretary
(CITY SEAL)