ORD 1993-30 - Claim - Deliver C.O. - Road Repair Unit 10-12-1993ORDINANCE NO. 93-30
AN ORDINANCE APPROVING CLAIM AND DELIVERY OF
CERTIFICATES OF OBLIGATION FOR A ROAD REPAIR UNIT; AND
CONTAINING OTHER PROVISIONS RELATED HERETO.
WHEREAS the City Council of the City of Huntsville, Texas (City), by Ordinance No. 93-
10, found that it was advisable for the City to purchase a 1993 road repair unit
and that Certificates of Obligation be issued by the City for all or any part of the
cost of same; and
WHEREAS
WHEREAS
WHEREAS
the notice for the action to issue Certificates of Obligation was published at the
times and in the manner required by law; and
the City awarded a contract to Texas High Roller in the amount of $15,609 as the
lowest and best bid for the purchase of the road repair unit; and
the City Council wishes to authorize payment thereof and delivery of a Certificate
of Obligation.
THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
HUNTSVILLE, TEXAS, that:
SECTION 1: There is now due and owing to Texas High Roller the sum of $15,609.
SECTION 2: The Certificate of Obligation herein authorized to be delivered shall bear interest
at the rate of 5.21% per annum from date of initial delivery shown on the face of
such certificate.
SECTION 3:
SECTION 4:
There shall be executed and delivered to Texas High Roller a City of Huntsville,
Texas, Equipment Acquisition Certificate of Obligation, dated October 12, 1993.
The Mayor, City Secretary and other appropriate City officials are hereby
authorized and directed to deliver the Certificate and to do any and all things
necessary or convenient to carry out the terms of this ordinance.
INTRODUCED, READ AND PASSED by the unanimous vote of the City Council of the City
of Huntsville, on this the 12th day of October, 1993.
ATTEST:
Danna Welter, City Secretary
A PROVED AS TO FORM:
unds, City Attorney
CITY OF HUNTSVILLE, TEXAS
W. H. Hodges, Ma