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R-2010-03 Certificates of Obligation for Drainage Improvement Projects
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R-2010-03 Certificates of Obligation for Drainage Improvement Projects
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11/2/2016 3:50:30 PM
Creation date
3/19/2010 3:50:54 PM
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Legislative Records
Legislative Type
Resolution
Date
3/8/2010
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<br />EXHIBIT A <br /> <br />NOTICE OF INTENTION TO ISSUE CERTIFICATES <br /> <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 April 12, 2010, which is the time and place <br />tentatively set for the passage of an ordinance and such other action as may be deemed necessary <br />to authorize the issuance of the City's certificates of obligation, payable from ad valorem taxation <br />and a limited (in an amount not to exceed $1,000) subordinate pledge of certain revenues of the <br />water and sewer system of the City, in the maximum aggregate principal amount of $6.4 million, <br />bearing interest at any rate or rates, not to exceed the maximum interest rate now or hereafter <br />authorized by law, as shall be determined within the discretion of the City Council at the time of <br />issuance and maturing over a period of years not to exceed forty (40) years from the date thereof, <br />for the purpose of evidencing the indebtedness of the City to pay all or any part of the contractual <br />obligations to be incurred for the construction of public works, the purchase of materials, <br />supplies, equipment, machinery, buildings, land and rights-of-way for authorized needs and <br />purposes, to wit: street improvements, drainage improvements and parks improvements <br />throughout the City and professional services rendered in connection with the above listed <br />projects. <br /> <br />S-l <br /> <br />HOU:2987731.1 <br />
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