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<br />.. oj' <br /> <br />...,;.,1 <br />01,)'0 <br /> <br />ORDINANCE NO. l3~ PAGE 2 <br /> <br />. <br /> <br />e <br /> <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE: <br /> <br />Section 1. That the City of La Porte hereby consents <br /> <br />to the issuance and sale by College View Municipal Utility <br /> <br />District of $3,350,000 of its Waterworks and Sewer System <br /> <br />Combination Tax and Revenue Bonds, Series 1984, substantially <br /> <br />in accordance with the terms and conditions set forth in the <br /> <br />proposed "Order Authorizing the Issuance and Sale of $3,350,000 <br /> <br />Waterworks and Sewer System Combination Tax and Revenue Bonds, <br /> <br />Series 1984, and Authorizing an Agreement with the Paying <br /> <br />Agent/Registra.r" attached hereto as Exhibit A and hereby made <br /> <br />a part of this Ordinance; provided, however, the net effective <br /> <br />4It interest rate on such bonds, determined in accordance with the <br /> <br />provisions of Article 717k-2, V.T.C.S., as amended, shall not <br /> <br />exceed two percent (2%) above the average interest rate reported <br /> <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 /> <br />which said Order is adopted by the Board of Directors of College <br /> <br />View Municipal Utility District. <br /> <br />Section 2. That this Ordinance shall take effect <br /> <br />and be in full force immediately upon and after its adoption. <br /> <br />PASSED AND APPROVED on <br /> <br /> <br />1984. <br /> <br />I <br /> <br />ATTEST: <br /> <br />.~~ <br />_.,;€~it;y ,,:S'eq~etary <br />? €.}i:ty~.cH:"~t.a;;Porte, Texas <br />.;.- 0' ~.. 't <br />~ ~.... ~=t ~~O') <br />~. " t '-~ ~ .,.,: '~ <br />~ j ',,- ~ ~ : <br />~~~ -~~~ g ; <br />\~~~[.SEkLt. r [ <br />~~.< - <br /> <br />'. - <br /> <br />I <br /> <br />APPROVED: <br /> <br /> <br /> <br />Texas <br />