HomeMy WebLinkAbout08-08-1989 Meeting
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LA PORTE AREA WATER AUTHORITY
MINUTES
AUGUST 8, 1989
1. The meeting was called to order at 6:03 P.M. by President
Jerry Bramlett.
MEMBERS PRESENT: President Jerry Bramlett, Vice President
Rick Matthews, Secretary Claude Graves, and Member Mike
Wadsworth.
MEMBERS ABSENT: None
OTHERS PRESENT: John Joerns, Assistant City Manager; Steve
Gillett, Director of Public Works; Buddy Jacobs, Assistant
Director of Public Works; Jeff Litchfield, Director of
Finance; Dale Conger and Robert Ray, Espey, Huston &
Associates, Inc.
2. The minutes from the July 11, 1989 regular meeting were
read. Vice President Rick Matthews made motion to approve
the minutes as presented and seconded by Member Mike
Wadsworth. No discussion. The motion carried with Claude
Graves abstaining.
3. Oath of Office was administered to Claude Graves, Position 2
by President Jerry Bramlett.
4. Approval of payment of Espey, Huston ~ Associates, Inc.
invoice in the amount of Eight Thousand One Hundred Nine
Dollars and Two Cents ($8,109.02) was discussed. Steve
Gillett explained the invoice noting Task 26, Project
Representation, was in question. Mr. Gillett stated that
the La Porte Area Water Authority is not responsible, per
our contract with Espey, Huston ~ Associates, Inc., for
travel and subsistence (mileage) for project representative.
Mr. Gillett reported this item was also included on the Iasi
invoice that was paid. Staff recommends withholding Six
Hundred Fifteen Dollars and Thirty-Eight Cents ($615.38) for
mileage charges from this payment. This portion of the
contract is being interpreted differently by Espey, Huston &
Associates, Inc. John Joerns stated that payment of this
item would be withheld until a meeting with Espey, Huston
can be arranged to discuss this charge. Dale Conger
explained Espey, Huston 's stand on this matter. Motion was
made by Vice President Rick Matthews to approve payment of
the Espey, Huston & Associates, Inc. invoice in the amount
of Seven Thousand Four Hundred Ninety-Three Dollars and
Sixty-Four Cents ($7,493.64) and seconded by Secretary
Claude Graves. Motion was unanimous.
• •
Page Two
LPAWA-Minutes
August 8, 1989
5. Motion was made to approve payment to Mercer Construction in
the amount of Two Hundred Forty Thousand Twenty-Seven
Dollars and Ninety-Seven Cents ($240,027.97) by Vice
President Rick Matthews and seconded by Member Mike
Wadsworth. The invoice was discussed by Steve Gillett with
staff recommending payment. Motion was unanimous.
6. Approval of catch-up payment to the City of Houston was
discussed. Steve Gillett explained the invoice and stated
staff recommended payment. After some discussion, motion
was made by Member Mike Wadsworth to approve the payment to
the City of Houston in the amount of One Hundred Eighty-
Seven Thousand Three Hundred Thirty Seven Dollars and Fifty-
Seven Cents ($187,337.57) and seconded by Secretary Claude
Graves. Motion was unanimous.
7. Dale Conger discussed the problems encountered with the
location for the master meter at the Southeast Water
Purification Plant. Ne discussed the stand of the City of
Houston over the supply of power to the controls at the
master meter. Mr. Conger explained two alternatives for the
contractor. The City of Houston has agreed to allow the
contractor to connect to the plant's electrical system with
a sub-meter. The second alternative would be to actually
install solar panels, bypassing the City of Houston. Robert
Ray discussed the construction progress to date.
8. John Joerns discussed the meeting to be held later with
Cities of Morgan's Point and Shoreacres. He stated that a
reply is being drafted to answer the letter to Morgan's
Point. Secretary Claude Graves asked if customer cities had
been supplied the formula to determine their cost of water.
Steve Gillett stated the information (other than the cost of
water from the Southeast Water Purification Plant) had been
supplied.
John Joerns stated a signed Coastal Water Authority license
agreement is in the Authority's possession. The only
remaining easement needed is the forty foot (40') change
made in the original PPG easement. The Gity is paying for
the re-plat by H. Carlos Smith Surveyors.
Jeff Litchfield reported on the computation of Fiscal Year
1989-90 debt service requirements. A copy of his report is
attached to the minutes. Mr. Litchfield then reported on
the capitalized interest of the Series II bond issues. A
copy of his report is attached to the minutes.
Fage Three
LPAWA-Minutes
August 8, 1989
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Vice President Rick Matthews questioned the ownership of the
investment pool operated by the City of La Porte for various
funds, including the La Porte Area Water Authority. Mr.
Litchfield stated that the pool was in the City of La
Porte 's name, and the financial books and annual audit was
proof of the Authority's ownership of funds. Rick Matthews
requested clarification that these documents were the legal
indication of the Authority's account balance. A monthly
financial report stating the condition of the Authority's
funds is needed. John Joerns indicated that the City would
furnish this information. Mr. Litchfield then fielded
questions from the Board on how the City invests its money,
and how the debt service for the Authority is funded.
9. President Jerry Bramlett asked if any Board members wished
to attend the upcoming meeting with Morgan's Point. The
consensus was that too many attendants would be counter-
productive.
10. There being no further business, Vice President Rick
Matthews made motion to adjourn, seconded by Secretary
Claude Graves. Motion was unanimous and the meeting was
adjourned at 8:05 P.M.
Claude Graves, Secretary, Treasurer
PASSED AND APPROVED:
ON THIS DAY `~ , 19~_
J y Br , President
INTER-OFFICE MEMORANDUM
T0: Jerry Bramlett, President,
Richard Matthews, Vice President
Claude Graves, Secretary
Mike Wadsworth, Member
Robert T. Herrera, General Manager
From: Jeff Litchfield, Director of Finance
Date: August 8, 1989
•
Subject: Computation of Fiscal Year 1989-90 Debt Service
There are three main components of the Debt Service amounts needed for Fiscal
Year 1989-90. The components and their related amounts are:
Series I Series II
Interest Payment on Bonds 336,017.50 325,137.50
Deposit to Reserve Fund 63,365.22 59,550.48
Deposit to Contingency Fund 18,749.47 18,749.97
Totals 418,132.19 403,437.95
Interest Payments
The amounts for the Interest Payments are taken directly from the Debt Service
Schedules (copies attached).
Reserve Fund
The deposits to the Reserve Fund are a little more difficult to determine and,
unfortunately, are different for each issue.
Series-I - An excerpt from Section 7.04 of the RE50LUTION AUTHORIZING THE
ISSUANCE AND SALE OF X5,000,000 CONTRACT REVENUE BONDS, SERIES I 1988
AND AUTHORIZING AN AGREEMENT WITH THE PAYING AGENT/REGISTRAR reads:
7.04. Reserve Fund. These shall be deposited into
the Reserve Fund (a) on or before June 1, 1989, an
amount not less than nine sixtieths (9/60) of the
average annual principal and interest requirements on
the Bonds, (b) on or before each interest payment date
occurring after June 1, 1989 but prior to the Sale of
Water, an amount not less than one tenth (1/10) of the
average annual principal and interest requirements on
the Bonds, and (c) on or before the 25th day of each
month occurring after the Sale of Water, an amount not
less than one sixtieth (1/60) of the average annual
principal and interest requirements on the Bonds, to
•
the end that there shall be accumulated in the Reserve
Fund within sixty-one (bl) months from the date of
delivery of the Honds an amount not less than the
average annual principal and interest requirements for
the Bonds;
Subsections (a) and (b) occur before the sale of water and are
funded from Bond Proceeds. Subsection (c) occurs after the sale
of water and is calculated as follows:
Total Principal and Interest $ 11,405,741.88
Divided by number of years of issue 27
Equals annual average Principal and Interest 422,434.88
Divided by funding period (months) 60
Equals monthly funding amount 7,040.58
Multiplied by months to be funded next year 9
Equals amount for FY 89-90 63,365.22
Series II - An excerpt from Section 7.04 of the AMENDED AND RESTATED
RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF X4,800,000
CONTRACT REVENUE BONDS, SERIES 11 1988 AND AUTHORIZING AN
AGREEMENT WITH THE PAYING AGENT/REGISTRAR reads:
7.04. Reserve Fund, There shall be deposited into
the Reserve Fund on or before the 25th day of each
month occurring after the sale of water, an amount not
less than one sixtieth (1/60> of the average annual
principal and interest requirements on the Honds, to
the end that there shall be accumulated in the Reserve
Fund within sixty-one (bl) months from the date of
delivery of the Bonds an amount not less than the
average annual principal and interest requirements for
the Bonds;
This issue does not require any funding before the sale of water.
Jhe calculation for this issue is as follows:
Total Principal and Interest ~ 11,116,083.99
Divided by number of years of issue 28
Equals annual average Principal and Interest 397,002.99
Divided by funding period (months) 60
Equals monthly funding amount 6,616.72
Multiplied by months to be funded next year 9
Equals amount for FY 89-90 59,550.48
u
Contingencv Fund
•
The deposits to the Contingency Fund are the same for both funds. An excerpt
from Section 7.06 of the RE50LUTION AUTHORIZING THE ISSUANCE AND SALE OF
X5,000,000 CONTRACT REVENUE BONDS, SERIES I 1988 AND AUTHORIZING AN AGREEMENT
WITH THE PAYING AGENT/REGISTRAR reads:
7.06. Contingencv Fund. The Authority agrees to cause to be
deposited to the Contingency Fund, commencing upon the Sale of
Water, from available Net Revenues, monthly amounts equal to at
least $2,083.33 until there has been accumulated in said Fund a
total sum (the "Minimum Contingency Fund Balance") equal to
X100,000.
The Authority will begin selling water in January of 1990, therefore there
will be 9 months of X2,083.33 deposits (or X18,749.97) in Fiscal Year 1989-90.
' LA POiTE A.4EA HATER AI::P.ORIT7 ~ 1
. ;,_ -. `
.•~ SS,000~HATER SUPPLY COi~TaACT R.RZtiJE 80»5, 5988 '
.,,
DEBT SERVICE SCY.EDULE
DATE PRINCIPAL COUPON INTEREST P£AIOD TOTAL FISCAL TOTAL
6/ 1/89 v 252,013.13 252,01].27
~2j 1/89'-`' 68_,008.73 168,008.73 120,021.88 '
a/ 1/90_ ~ ,008.73 168,008.73
12/ 1/90 168,008.73 168,008.73 336,017.50 ,
6/ 1/91 168,008.73 168,008.75
_ • 12/ 1/91 80,000,00 1.950000 168,008.75 218,008.75 416,011.50
6J 1/92 166,028.75 166,028.73
12/ 1/92 83,000.00 5.130000 166,028.75 251,028.75 117,057.50
6/ 1/93 163,840.00 163,810.00
12/ 1/93 90,000.00 5.330000 163,840.00 233,810.00 •17,680.00
a1 1/91 161,132.50 161,132.30
12/ 1/94 93,000.00 3.330000 161,132.50 256,132.30 117,863.00
6/ 1/93 158,796.23 158,796.25
12/ 1/93 103,000.00 5.750000 158,796.23 263,796.23 122,592.50
6/ 1/96 153,777.50 135,777.30
12/ 1/96 110,000.00 5.930000 155,)77.50 265,777.30 421,555.00
a/ 1/97 152,303.00 152,305.00
I2/ 1/97 120,000.00 6.100000 152,305.00 272,505,00 123,010.00
a/ 1/98 118,813.00 148,813.00
11/ 1/98 125,000.00 6.250000 148,815,00 273,815.00 422,690.00
6/ 1/99 141,938.73 144,938.73
12/ 1/99 135,000.00 6.100000 144,938.75 279,938.75 421,877.30
6/ 1/ 0 110,616.73 140,618.75
12/ 1/ 0 113,000.00 6.300000 140,618.73 285,618.75 126,237.50
6/ 1/ 1 135,906.23 135,908.23
12/ 1/ 1 155,000.00 6.600000 135,906.23 290,906.23 126,812.50
_ 6/ 1/ 2 130,791.25 130,191.25
12/ 1/ 2 165,000.00 6.700000 130,791.23 295,791.25 126,382.50
6/ 1/ 3 125,263.75 125,263.75
12/ 1/ 1 180,000.00 6.800000 125,263.75 305,263.73 130,527.50
b y
6/ 1/ 1 119,113,75 119,113.75
12/ 1/ 1 190,000.00 6.830000 119,113.75 309,113.75 428,287.50
al 1/ 3 112,636.23 112,636.23
12/ 1/ 5 205,000.00 6.900000 112,636.25 317,636.23 130,272.30
a/ 1/ 8 103,563.73 105,563.73
12/ 1/ 8 220,000.00 8.930000 105,563.75 323,563.73 131,127.30
6/ 1/ 7 97,918:75 97,918,73
12/ 1/ 7 233,000.00 6.950000 97,918.75 332,918.73 430,837.50
6/ 1/ 8 89,752.50 89,752.50
12/ 1/ 8 250,000.00 6.950000 89,752.50 339.752.50 129,505.00
6/ 1/ 9 81,065.00 81,065.00
12/ 1/ 9 265,000.00 8.950000 81,065.00 316,065.00 127,130.00
6! 1/10 71,856.25 71,856.23
12/ 1110 283,000.00 7.000000 71,836.23 356,836.23 128,712.50
6/ 1/11 61,881.23 61,081.25
12/ 1/ll 303,000.00 7.000000 61,881.25 368',881.23 42x,762.50
6/ 1/12 51,206.23 51,206.25 ~: ,
12/ 1112 330,000.00 7.000000 51,206.25 381,206.25 132,112.50"~
6/ 1/13 39,656.23 79,656,25
12/ 1/13 350,000.00 7.050000 39,656.25 389,656.23 429,312.30
a/ 1/31 27,318,73 27,318.75
12/ 1/11 375,000.00 7.050000 27,318.75 402,318.75 429,637.50
a! 1/ls 14,100.00 11,100.00
12/ 1/IS 1ao,ooo,o0 7.osoooo 11,100.00 111,100.00 ize,zoo.oo
s,ooo,ooo.o0 6,1os,711.ea 11,1os,711.ae
ac~uEa
s,ooo,ooo.o0 6,IOS,7u,ea a ,1os,711.ee
r._.~~ ~ ~._,_
• LA PORTE AREA HATER AUTHORITY •
$4,800,000 WATER SUPPLY CONTRACT REVENUE BONDS, SER 2 1988
DEBT SERVICE SCB'EDULE
DATE PRINCIPAL INTEREST PERIOD TOTAL FISCAL TOTAL
6/ 1/69 53,092.74 55,092.74
12/ 1189 162,568.75 162,568.75 217,661.49
6/ 1/90 162,568.75 162,568.75
12/ 1/90 162,568.75 162,568.75 325,137.30
~ 6/ 1/91 162,568.75 162,568.75
12/ 1191 162,568.73 162,568.75 323,137.50
6/ 1/92 162,568.75 162,568.75
12/ 1/92 75,000.00 162,568.75 237,568.75 400,137.30
B/ 1/93 160,637.50 160,637.30
12/ 1/93 80,000.00 160,631.50 240,637.50 401,275.00
6/ 1/94 158,497.50 158,497.50
12/ 1/94 85,000.00 158,497.50 243,497.30 401,995.00
6/ 1/95 156,138.75 156,138.75
12/ 1/95 95,000.00 156,138.75 251,138.75 407,277.50
6/ 1/96 153,407.50 153,407.50
12/ 1/96 100,000.00 153,407.30 253,407,30 406,813.00
B/ 1/97 150,432.50 150,432,50
12/ 1/97 105,000.00 150,432.50 255,432.50 405,885.00
6/ 1/98 147,230.00 147,230.00
12! 1/98 115,000.00 147,230.00 262,230.00 109,460.00
6/ 1/99 143,636.25 143,636.25
IZ/ 1/99 120,000.00 143,636.23 263,636.25 407,272.50
6/ 1/ 0 139,796.23 139,796.25
12/ 1/ 0 130,000.00 139,796.23 269,796.23 409,592.50
6/ 1/ 1 133,571.25 135,571.25
12/ 1/ 1 140,000.00 135,571.25 275,571.25 411,142.50
6/ 1/ 2 130,951.25 ~ 130,951.25
12/ 1/ 2 150,000.00 130,951.25 280,951.25 411,902.50
° 6/ I/ 3 125,926.23 125,928.25
12/ 1/ 3 160,000.00 125,926.23 285,926.23 411,852.30
6/ 1/ 4 120,486.25 120,486.25
12/ 1/ 4 170,000.00 120,486.23 290,686.25 410,972.50
6/ 1/ S 114,663.75 114,663.75 '
12/ 1/ 3 185,000.00 114,663.75 299,663.73 414,327.30
6/ 1/ 6 108,281.25 108,281.25
12/ 1/ 6 195,000.00 108,281.25 303,281.25 411.562.30
6/ 1/ 7 101,505.00 101,505.00
12/ 1/ 7 210,000.00 101,505.00 311,505.00 413,010.00
6/ 1/ B 94,207.30 94,207.50
12/ 1/ 8 225,000.00 94,207.50 319,207.30 413,415.00
6/ 1/ 9 86,388.73 86,388.73
12/ 1/ 9 240.000.00 86,388.75 326,388.75 412,777.30
6/ 1/10 78,048.73 78,048.75
12/ 1/10 233,000.00 78,048.73 333,048.73 411,097.30
8/ 1/11 69,123.75 69,123.73,=
12/ 1/11 275,000.00 ~ 69,123.73 344,123.75 413,247.50
6/ 1/12 59,498.75 59,498.75
12/ 1/12 295,000.00 59,498.75 354,498.73 413,997.30
6/ 1/13 49,173.75 49,173.75
12/ 1/13 315,000.00 49,173.75 364,173.75 413,347,30
6/ 1/14 38,070.00 38,070.00
12/ 1/14 335,000.00 38,070.00 373,070.00 411,140.00
6/ 1/15 26,261.25 26,261.25
12/ 1/15 360,D00.00 26,261.23 386,261.25 412.522.50
6/ 1/16 13,571.25 13,571.23
a, ~ ,
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LA FOR7E AREA HATER AUTHORITY
- S4,BOO,O~NATER SUPPLY CONTRACT REVENUE BONDS, SER • 8
DEBT SERVICE SCHEDULE
DATE PRINCIPAL INTEREST PERIOD TOTAL FISCAL TOTAL
12/ 1/16 385,000.00 13,571.25 398,571.25 412,142.50
4,800,000.00 6,316,083.99 11,116,083.99
ACCRUED
~ 4,800,000.00 6,316,083.99 11,116,083.99
DATED 3/31/89 WITH DELIVERY OF 3/31/89
BOND YEARS 91,388.333
AVERAGE COUPON 6.911
AVERAGE LIFE 19.039
A I C Z 6.911259 Z USING 100.0000000
T I C = 6.871998 ! USING 100.0000000
PREPARED Bt MChtOREY, BEISSNER 3c CO„ INC.
RUNDATE: Oi-27-1989 B 15:02:44 FILERAFffi: LPSiA KEY: 88-2
:~_
'~. -
s •
INTER-OFFICE MEMORANDUM
T0: Jerry Bramlett, President,
Richard Matthews, Vice President
Claude Graves, Secretary
Mike Wadsworth, Member
Robert T. Herrera, General Manager
From: Jeff Litchfield, Director of Finance
Date: August 8, 1989
Subject: Capitalized Interest
Series II is the only series that had capitalized interest.
Section 4.01 of the AMENDED AND RESTATED RESOLUTION AUTHORIZING THE ISSUANCE
AND SALE OF X4,800,000 CONTRACT REVENUE BONDS, SERIES II 1988 AND AUTHORIZING
AN AGREEMENT WITH THE PAYING AGENT/REGISTRAR reads:
4.01. Deposit into the Bond Fund. X336,000 of the proceeds of
the sale of the Bonds, representing capitalized interest, shall be
deposited into the Hond Fund.
Section 7.03.(b) of the same document reads:
7.03. Bond Fund. There shall be deposited into the Bond Fund:
(b) On or before the 25th day of December, 1990, and on or before
the 25th day of each month thereafter, an amount which is not less
than one-twelfth (1/12) of the principal of the Bonds maturing on
the next December 1; provided, however, such deposits shall be
_ reduced by any amount already on deposit in the Hond Fund that is,
by virtue of this Resolution, to be applied to the payment of debt
service on the Bonds. Amounts in the Hond Fund shall be used to
pay the principal of, premium, if any, and interest on, the Bonds
-- _and any Additional Honds, as such principal matures and such
interest becomes due. In no event shall any amount in excess of
the amounts stated above be placed in the Bond Fund for the
payment of the principal of, premium, if any or interest on the
Bonds and Additional Honds, if any, and any amount so placed may
be withdrawn by the Authority and replaced in the Revenue Fund.
Interpretation - The second sentence in the above paragraph allows us to
utilize the amounts in the Bond Fund (capitalized interest and interest
earnings) to pay principal and interest on the bonds.
•
My strategy is to utilize the amounts in the Bond Fund to preserve the amounts
in the Construction Fund. Keeping this strategy in mind, the capitalized
interest amount will be used to provide working capital (cash) in the Bond
Fund.
X55,092.74 of the X336,000 was used to pay the June 1, 1989 interest payment
on the Series II Bonds. The remaining X280,907.26 remained in the Bond Fund.
This amount should grow to ffi290,000 by October 1, 1989.
Using the $290,000 as a beginning amount in the Bond Fund, Attachment I will
show the cash flow of the Bond Fund for next Fiscal Year, As you can~see, the
funding for each issue will approximately equal the payment of each issue
during the year, however, if you look closely, you will notice that each issue
goes through a positive to negative cycle during the course of the year.
Hy leaving the Capitalized Interest in the Bond Fund, it will provide the
working capital needed to cover the negative amounts.
ATTACHMENT I
CASH FLOW OF LA PORTE AREA WATER AUTHORITY'S BOND FUND (DEBT SERVICE FUND) FOR FY 89-90
<----- -SERIES I ------>< --o--- -SERIES II ------> INTEREST FUND
INCOME EXPENSE BALANCE INCOME EXPENSE BALANCE INCOME TOTAL
BEG BAL 290,000.00
OCT 28,001.46 28,001.46 27,094.79 27,094.79 1,812.50 346,908.75
NOV 28,001.46 168,008.75 (112,005.83) 27,094.79 162,568.75 (108,379.17) 2,168.18 73,595.68
DEC
28,001.46
(84,004.37)
27,094.79
(81,284.38)
459.97 •
129,151.90
JAN 28,001.46 ~ (56,002.91) 27,094.79 (54,189.59) 807.20 185,055.35
FEB 28,001.46 (28,001.45) 27,094.79 (27,094.80) 1,156.60 241,308.20
MAR 28,001.46 0.01 27,094.79 (0.01) 1,508.18 297,912.62
APR 28,001.46 28,001.47 27,094.79 27,094.78 1,861.95 354,870.83
MAY 28,001.46 168,008.75 (112,005.82) 27,094.79 162,568.75 (108,379.18) 2,217.94 81,607.52
JUN 28,001.46 (84,004.36) 27,094.79 (81,284.39) 510.05 137,213.82
JUL 28,001.46 (56,002.90) 27,094.79 (54,189.60) 857.59 193,167.65
AUG 28,001.46 ~ (28,001.44) 27,094.79 (27,094.81) 1,207.30 249,471.20
SEP 28,001.46 0.02 27,094.79 (0.02) 1,559.20 306,126.65
i
OATH OF OFFICE
I~ ~( ~-~c~~ ~~ ~j2Gr-r/'--~,sdo solemnly swear (or
affirm), that I will faithfully and impartially execute the duties
imposed upon me by law as a member of the LA PORTE AREA WATER
AUTHORITY BOARD, and I furthermore solemnly swear (or affirm),
that I have not directly or indirectly paid, offered, or promised
to contribute any money or valuable thing, or promised any public
office or employment, as a reward to secure my appointment. So
help me God.
Subscribed and sworn to before me, by the said ,
this the ~~, day of CL~-~,.-.-h , 1989 , to certify which
witness my hand and Seal of Office.
~~
otary Publ~
c in and i'or Harris County,
exas
•
OATH OF OFFICE
I ~ /Gt~~O 1~77/~~ cU S , do solemnly swear ( or
afi~irm), that I will faithfully and impartially execute the
duties imposed upon me by law as a member of the LA PORTE AREA
WATER AUTHORITY BOARD, and I furthermore solemnly swear (or
affirm), that I have not directly or indirectly paid, offered, or
promised to contribute any money or valuable thing, or promised
any public .office or employment, as a reward to secure my
appointment. So help me God.
ATURE
~~
DATE
Subscribed and sworn to be ore me, by the said ~-~+~1, -n~~:~',1,~~
this the / 2 day of , 1989, to certify which
witness my hand and Seal of Office.
Notary Public
in and for Harris County, Texas
OATH OF OFFICE
I, , do solemnly swear (or
affi , t will faithfully and impartially execute the
duties imposed upon me by law as a member of the LA PORTE AREA
WATER AUTHORITY BOARD, and I furthermore solemnly swear (or
affirm), that I have not directly or indirectly paid, offered, or
promised to contribute any money or valuable thing, or promised
any public .office or employment, as a reward to secure my
appointment. So help me God.
~ ~z~
S ATURE ATE
Subscribed and sworn to be or me, by the
this the /~ day of , 1989
witness my hand and Seal o Office.
~~~
;iotary Public
5
said
to ert' y which
in and for Harris County, Texas