ORD 1981-23 - Fire Ladder Pumper TruckORDINANCE NO. 81- 23
AN ORDINANCE AUTHORZING PUBLICATION OF NOTICE OF INTENTION
TO ISSUE CERTIFICATES OF OBLIGATION FOR A LADDER PUMPER
TRUCK; AND MAKING VARIOUS PROVISIONS RELATED THERETO.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF HUNTSVILLE, TEXAS, THAT:
Section 1: The City Secretary is hereby authorized and directed to cause to
be published a notice to issue Certificates of Obligation in substantially
the following form:
NOTICE OF INTENTION TO ISSUE
CERTIFICATES OF OBLIGATION
NOTICE IS HEREBY GIVEN that the City Council of Huntsville, Texas,
will meet in the City Hall, City of Huntsville, at 7 :00 p.m. on
March 31, 1981, to adopt an ordinance authorizing the issuance of
the City's Certificates of Obligation, payable from City ad valorem
taxes, in the maximum principal amount of $160,000, bearing interest
at any rate or rates not to exceed the maximum interest rate now or
hereafter authorized by law, as shall be determined within the dis-
cretion of the City Council, and maturing over a period of years
not to exceed four (4) years from the date thereof, for the purpose
of evidencing indebtedness of the City for all or any part of the
cost of one (1) ladder pumper truck.
Section 2: The notice set forth in Section 1 shall be published once a week
for two (2) consecutive weeks in a paper that is of general circulation
in the City of Huntsville and that has been duly designated as the
official newspaper of the City. The date of first publication shall
not be less than fourteen (14) days prior to the date set in said
notice for authorizing the issuance of Certificates of Obligation.
Section 3: It is hereby officially found and determined that the need of
the City for such ladder pumper truck and such financing creates an
emergency and an urgent public necessity for the consideration of the
adoption of this ordinance in accordance with the notice of meeting
relating hereto.
Section 4: This ordinance shall take effect immediately upon its passage.
INTRODUCED, READ, AND PASSED by the unanimous vote of Council on this 10 i-
day of ARCS; , 1981.
ATTEST:
\\
Ruth '- Shaw, City Secretary
APPROVED:
Scott Bounds, City Attorney
ORRIS I. WALLER, Mayor