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<br />s' <br />_, <br /> <br />L~ <br /> <br />ORDINANCE NO. 1398 <br />AN ORDINANCE CONSENTING TO THE, <br />ISSUANCE AND $ALE OF BONDS BY COLLEGE VIEW <br />MUNICIPAL UTILITY DISTRICT <br />WHEREAS, Ordinance No. 768 passed and .approved by <br />• <br />the City Commission on May 1, 1967, as amended by Ordinance <br />No. 768-A passed and approved by the City Commission on <br />July 20, 1970, among other things imposes certain conditions <br />upon the bonds which may be issued and sold by certain <br />political subdivisions which are created within the area of <br />the extra-territorial jurisdiction of the City (the "City of <br />La Porte"); and <br />WHEREAS, College View Municipal Utility District <br />(the "District") is one of such political subdivisions created <br />within the area of the City's extra-territorial jurisdiction, <br />and the District wishes to issue and sell $3,350,000 of its <br />Waterworks and Sewer System Combination Tax and Revenue Bonds, <br />Series 1984 (the "Bonds"), on terms and conditions which are <br />not strictly in accordance with the requirements of said <br />Ordinance; and <br />WHEREAS, by Ordinance No. 1393 passed and approved <br /> <br />by the City Council on December 28, 1983, the City annexed, <br />among other land, all of the territory embraced by the District <br />and proposes to abolish the District on or before March 27, 1984, <br />upon the occurrence of which latter event the City will take <br />over all properties, assets and functions of the District and <br />assume all of its debts, liabilities and obligations including <br />the Bonds; and <br />WHEREAS, the issuance and. sale of the Bonds by the <br />District on the proposed terms and conditions is satisfactory <br />and in the best interest of the City and the City desires to <br />consent to the issuance and sale of the Bonds; therefore <br /> <br />