HomeMy WebLinkAboutO-1980-1226
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NOTICE OF THE INTENTION OF THE
CITY OF LA PORTE, TEXAS
TO ISSUE CERTIFICATES OF OBLIGATION
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Pursuant to the provisions of The Certificate of Obligation Act
of 1971, as amended (Art. 2368a.1, V.A.T.C.S.), NOTICE IS HEREBY
GIVEN that the City of La Porte, Texas, proposes to issue up to
Eight Hundred Thousand Dollars ($800,000) in aggregate principal
amount of Certificates of Obligation of said City, bearing interest
at such rate or rates as may be permitted by law at the time of
issue and maturing serially or otherwise in installments over a
period of not exceeding ten (10) years from the date of issue, all
as may be fixed by the City Council, for the purpose of paying the
c<?st of constructing and equipping a Public Works Center Building
and related facilities, all of which Certificates of Obligation will
be payable solely from ad valorem taxes upon all taxable property
within the City.
The City proposes to authorize the issuance of
said Certificates of Obligation at the regular meeting place of the
City Council in the City Hall of said City on the 1st day of October,
1980, at 7:00 o'clock P.M., or at a subsequent meeting or meetings
of City Council.
Publish: September 11, 1980
September 18, 1980
"EXHIBIT A"
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ORDINANCE NO. /~:l~
AN ORDINANCE AUTHORIZING PUBLICATION OF NOTICE OF THE INTENTION
OF THE CITY OF LA PORTE, TEXAS, TO ISSUE CERTIFICATES OF OBLIGATION
AND PROVIDING AN EFFECTIVE DATE HEREOF.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE:
Section 1. Pursuant to the provisions of The Certificate
of Obligation Act of 1971, as amended (Art. 2368a.1, V.A.T.C.S.),
the City Council of the City of La Porte directs the City Secretary
of the City of La Porte to cause to be published, in its issues
tit of September 11, 1980, and September 18, 1980, in the Bayshore Sun,
the off icia1 newspaper of the City of La Porte, the "Notice of
the Intention of the City of La Porte, Texas, to Issue Certificates
of Obligation" in the form attached hereto as Exhibit "A", which
is incorporated by reference herein and made a part hereof for
all purposes.
Section 2. The City Council officially finds, determines,
reci tes and declares that a sufficient written notice of the
date, hour, place and subject of this meeting of the City Council
was posted at a place convenient to the public at the City Hall
4It of the City for the time required by law preceding this meeting,
as required by the Open Meetings Law, Article 6252-17, Texas
Revised Civil Statutes Annotated: and that this meeting has been
open to the public as required by law at all times during which
this ordinance and the subject matter thereof has been discussed,
considered and formally acted upon.
The City Council further
ratifies, approves and confirms such written notice and the
contents and posting thereof.
Section 3. This Ordinance shall take effect and be in
force immediately from and after its passage and approval.
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Ord inance No. 1':<2. &
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PASSED AND APPROVED this the 3rd day of September, 1980.
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CITY OF LA PORTE
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J. J. Meza, Mayor~
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ATTEST:
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APPROVED:
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Clty Attorney
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