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`'ORDINANCE NO. 139 PAGE 2 <br />• <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE: <br />Section 1. That the City of La Porte hereby consents <br />to the issuance and sale by-College View Municipal Utility <br />District of $3,350,000 of its Waterworks and Sewer System <br />Combination Tax and Revenue Bonds, Series 1984, substantially <br />in accordance with the terms and conditions set forth in the <br />proposed "Order Authorizing the Issuance and Sale of $3,350,000 <br />Waterworks and Sewer System Combination Tax and Revenue Bonds, <br />Series 1984, and Authorizing an Agreement with the Paying <br />Agent/Registrar" attached hereto as Exhibit A and hereby made <br />a part of this Ordinance; provided, however, the net effective <br />interest rate on such bonds, determined in accordance with the <br />• provisions of Article 717k-2, V.T.C.S., as amended, shall not <br />exceed two percent (2$) above the average interest rate reported <br />by the Daily Bond Buyer in its weekly "Twenty Bond Index" in <br />its most recent issue published immediately prior to the date on <br />which said Order is adopted by the Board of Directors of College <br />View Municipal Utility District.. <br />Section 2. That this Ordinance shall take effect <br />and be in full force immediately upon and after its adoption. <br />PASSED AND APPROVED on February 1, 1984. <br />,~ <br />ATTEST: <br />City l9e retary <br />C,i,t~i ' o~ ' L,a' Porte, Texas <br />,. <br />I ~; <br />~; <br />~' ~ ~ <br />~ ~ <br />~~~~ ,t,SEAL]~ <br />~i <br />. APPROVED: /J <br /> <br />;yor Pro Tem <br />ty of La Porte <br />City Attorney <br />City of La Porte, Texas <br />