ORD 1990-06 - Approves Claim & Delivery of COB Refuse Truck 04-10-1990ORDINANCE NO. 90 -6
AN ORDINANCE APPROVING CLAIM AND DELIVERY OF
CERTIFICATES OF OBLIGATION; AND CONTAINING OTHER
PROVISIONS RELATED HERETO.
WHEREAS the City Council of the City of Huntsville, Texas (City), by
Ordinance No. 89 -42, found that it was advisable for the City to
purchase a diesel powered front loading refuse truck and that
Certificates of Obligation be issued by the City for all or any
part of the cost of same; and
WHEREAS the notice for said action was published at the times and in the
manner required by law; and
WHEREAS the City awarded a contract to Industrial Disposal Supply Co. in
the amount of $115,000.00 as the lowest and best bid for the
purchase of the diesel powered front loading refuse truck; and
WHEREAS the City Council wishes to authorize payment thereof and deliver
of certain of said Certificates of Obligation.
THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF HUNTSVILLE,
TEXAS, THAT:
Section 1: There is now due and owning to be the Contractor of the sum of
$115,000.00.
Section 2: The Certificates of Obligation herein authorized to be delivered
shall bear interest at the rate of 7.19% per annum from date of
initial delivery shown on the face of such certificate.
Section 3: There shall be executed and delivered to said Contractor a
certificate of the City of Huntsville, Texas, Equipment
Acquisition Certificate of Obligation, dated December 12, 1989 .
Section 4: The Mayor, City Secretary and other appropriate City officials are
hereby authorized and directed to deliver said 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 10th day of April, 1990.
CITY OF, UNTSVILLE, TEXAS
By:
Ja onday, Mayor
APPROVED AS TO FORM:
Scott Bou ds, City Attorney