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R-2016-20 authorizing publication of a notice of Intention to Issue Certificate of Obligation
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R-2016-20 authorizing publication of a notice of Intention to Issue Certificate of Obligation
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Last modified
1/25/2017 9:10:10 AM
Creation date
12/13/2016 11:13:51 AM
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Legislative Records
Legislative Type
Resolution
Legislative No.
R-2016-20
Date
12/12/2016
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EXHIBIT A <br /> NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION <br /> NOTICE IS HEREBY GIVEN that the City Council of the City of La Porte, Texas (the <br /> "City") will meet at its regular meeting place at City Council Chambers, City Hall, 604 West <br /> Fairmont Parkway, La Porte, Texas at 6:00 p.m. on January 23, 2017, which is the time and <br /> place tentatively set for the passage of an ordinance and such other action as may be deemed <br /> necessary to authorize the issuance of the City's certificates of obligation, payable from ad <br /> valorem taxation and a pledge of surplus net revenues of the water and sewer system of the City, <br /> in the maximum aggregate principal amount of$10,635,000, bearing interest at any rate or rates, <br /> not to exceed the maximum interest rate now or hereafter authorized by law, as shall be <br /> determined within the discretion of the City Council at the time of issuance and maturing over a <br /> period of years not to exceed thirty (30) years from the date thereof, for the purpose of <br /> evidencing the indebtedness of the City to pay all or any part of the costs associated with (i) the <br /> planning, acquisition, design and construction of wastewater system improvements and (ii) <br /> professional services rendered in connection therewith. <br /> S-1 <br /> HOU:3738151.1 <br />
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