ORD 1990-18 - Dump Truck - Approves Claim & Delivery of C.O. 08-28-1990ORDINANCE NO. 90- 18
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 -37, found that it was advisable for the City to
purchase one 12 yard diesel powered dump 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 the action to issue Certificates of Obligation was
published at the times and in the manner required by law; and
WHEREAS the City awarded a contract to Holland Chevrolet in the amount of
$49,184.00 as the lowest and best bid for the purchase of the 12
yard diesel powered dump truck; and
WHEREAS the City Council wishes to authorize payment thereof and delivery
of the 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 owing to Holland Chevrolet the sum of
$49,184.00.
Section 2: The Certificates of Obligation herein authorized to be delivered
shall bear interest at the rate of 7.24% per annum from date of
initial delivery shown on the face of such certificate.
Section 3: There shall be executed and delivered to Holland Chevrolet a
Certificate of the City of Huntsville, Texas, Equipment
Acquisition Certificate of Obligation, dated August 28, 1990.
Section 4: 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 28th day of August, 1990.
CITY 1 HUNTSVILLE, TEXAS
Jane onday, its Mayor
ATTEST:
h DeShaw, City Secretary
APPROY.ED AS TO FORM:
Scott Bounds, City Attorney