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1982-011 ORDINANCE NO 82 - ~ ORDINANCE DIRECTING THE ISSUANCE OF NOTICE OF SALE OF BONDS THE STATE OF TEXAS COUNTY OF DENTON CITY OF DENTON THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS 1 That the City Secretary is directed to issue a Notice of Sale of Bonds in substantially the follow!ng form pFFICIAL 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 Cxty Council of the City of Denton, Denton County, Texas, will receive sealed bids at the Municipal Building, 215 E McKlnney 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 System Revenue Bonds, to be dated March 15, 1982, and to mature serially July 15 each year 1983 through 1998 ~3~000,000 Electrxc System Revenue Bonds, to be ated April 1, 1982, and to mature serially 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 Ail sealed bids will be publmcly opened and tabu- lated before the Council Copies of the "OffIcial Statement", "Notlce of Sale", and "Official B~d Form" are being prepared and wmll 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, 900 Mercantile Bank Bulldmng, ,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 BROOKS HOLT City Secretary City of Denton, Texas 2 That sa~d Notlce shall be published once ~n The Bond Buyer, New York, New York, which ~s a natlonal pubtlcatlon regularly and prlmarily carrylng financlal news and municipal bond sale notices, and sa~d Notlce also shall be publlshed once ~n the "Denton Record-Chronzcle", which has been designated as the official newspaper of the City of Denton Said publlca- tlons shall be made at least thlrty days prlor to the day set for recelvlng blds CERTIFICATE FOR ORDINANCE DIRECTING THE ISSUANCE OF NOTICE OF SALE OF 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 sa~d City convened in SPECIAL MEETING ON THE 26TH DAY OF JANUARY, 1982, at the Municipal Building (City Hall), and the roll was called of the duly constituted officers and members of said City Council, to-wit Brooks Holt, City Secretary Richard 0 Stewart, Mayor Mark Chew Richard H Tallaferro Dwight L Galley Dr A Ray Stephens Jim Riddlesperger Joe A!ford and all of said persons were present, except the following absentees , thus constituting a quorum Whereupon, among other business, the following was transacted at said Meeting a written ORDINANCE DIRECTING THE ISSUANCE OF NOTICE OF SALE OF 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 the passage of sa~d Ordinance, prevailed and carried by the following vote AYES Ail members of said City Council shown present above voted "Aye" NOES 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 Certifi- cate, that said Ordinance has been duly recorded in said C~ty Counoll'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 named in the above and fore- going paragraph are the duly chosen, qualified, and acting officers and members of said City Council was duly and suffi- ciently 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 p~llc notice of the time, place, and purpose of said meeting was given, all as required by Vernon's Ann Tex St Article 6252-17 3 That the Mayor of said City has approved, and hereby approves, the aforesaid Ordinance, that the Mayor and the C~ty Secretary of said City have duly signed said Ordinance, and that the Mayor and the City Secretary of said City hereby de- clare 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 the 26th day of January, 1982 City Secretary Mayor (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 at- tached and following Ordinance pr!or to its passage as afore- said City Attorney 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 AND CITY OF DENTON ELECTRIC SYSTEM REVENUE BONDS, SERIES !982, IN ,THE PRINCIPAL AMOUNT OF $3{000,00Q ThE STATE OF TEXAS COUNTY OF DENTON CiTY OF DENTON W~EREAS, the City Council of the City of Denton, Texas, deems it necessary and advisable that the bonds hereinafter described be authorazed, assued, sold, and delivered THE COUNCIL OF THE CITY OF DENTON ORDAINS That the following notaces shall be publashed an the "Denton-Chronicle", whach is a newspaper published in, and hav- ang general carculataon in, the Caty of Denton, on the same day of each of two consecutive weeks, with the date of the first publicataon to be at least two weeks prior to the date upon whach the City Council intends to pass the Ordinances described an 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 as hereby gaven, an accordance wath Article 2368a, Vernon's Annotated Texas Civil Statutes, that the City Councal 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 authorzzang the issuance, sale and delivery of an issue of negotaable coupon bonds to be desagnated as "Caty of Denton Water and Sewer System Revenue Bonds, Series 1982, an the maximum principal amount of $2,000,000, to be pay- able from and secured by a farst laen on and pledge of the Net Revenues of the City's Waterworks and Sewer System, all as w~!l be defaned and provided in the aforesaad Ordinance Saad bonds will bear interest from thear date at maxamum rates not to exceed fifteen percentum per annum, wall be scheduled to mature seraally within a maximum of not to exceed thirty years from thear date, and wall be subject to redemptaon praor to matur=ty, and will have such other and further characteristacs, as will be provided in the aforesaad Ordinance Saad bonds wall be authorized, issued, sold and delivered pursuant to Articles llllb, 1112, 1113, and 1114, Vernon's Annotated Texas Cival Statutes, and other appl&cable laws, for the purpose of prov~ding money for improvements and extensions of the combined Waterworks and Sewer System of the Caty 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 as hereby given, in accordance with Article 2368a, Vernon's Annotated Texes Cavil Statutes, that the City Councal 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 maxlmum principal amount of $3,000,000, to be payable from and SeCUred by an irrevocable first llen 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 Ordlnance Said bonds will bear interest from their date at maximum rates not ~o exceed f/fteen percentum per annum, will be scheduled to mature serially within a maximum of not to exceed thlrty years from their date, and will be subject to redemptlon 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 dellvered pursuant to Articles llllb, 1112, 1113, and 1114, Vernon's Annotated Texas Clvll Sta=utes, an= other applicable laws, for the purpose of providing money for improvements and extenslons of the Electric Llght and Power System of the Clty ../Q / ~/~EY OF DENTON, TEXAS" ...... CERTIFICATE FOR 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, AND 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 We, the undersigned officers of said City, hereby certify as follows i The City Council of said City convened in SPECIAL MEETING ON THE 26TH DAY OF JANUARY, 1982, at the Municipal Building (City Hall), and the roll was called of the duly constituted officers and members of said City Council, to-wit Brooks Holt, City Secretary Richard O Stewart, Mayor Mark Chew Richard H Tallaferro Dwight L Galley Dr A Ray Stephens Jim Riddlesperger Joe Alford and all of said persons were present, except the following absentees , 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 WATER AND SEWER REVENUE BONDS, SERIES 1982, IN THE PRINCIPAL AMOUNT OF $2,000,000 AND CITY OF DENTON ELECTRIC SYSTEM REVENUE BONDS, SERIES 1982, IN THE PRINCIPAL AMOUNT OF $3,000,000 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 d~scussion, said motion, carrying with the passage of said Ordinance, prevailed and carried by the following vote AYESAil members of said City Counczl shown present above voted "Aye" NOES None 2 That a true, full, and correct copy of the aforesaid Ordinance passed at the Meeting described ~n 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 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 named in the above and fore- going paragraph are the duly chosen, qualified, and acting officers and members of said City Council was duly and suffi- ciently 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 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 C~ty Secretary of said City have duly signed said Ordinance, and that the Mayor and the City Secretary of said City hereby de- clare that their signing of this Certificate shall constitute the signing of the attached and following copy of said Ordi- nance for all purposes SE ED the 26th day of January, 1982 /~ City Secreta~ Mayor (SE~) ........................................................ 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 at- tached and following Ordinance prior to its passage as afore- said CiZy/Attor~ey -- B6n~ Attorneys '