ORD 1981-37 - CO Tractor-MowerORDINANCE NO. 81-37
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. 81 -32, found that it was advisable for the City to purchase a Tractor
with Mower and Front Loader 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 man-
ner required by law; and
WHEREAS the City awarded a contract to Southern Tractor Corporation (Contractor)
in the amount of $7,200.00 as the lowest and best bid for the purchase
of said Tractor with Mower and Front Loader; and
WHEREAS the City Council wishes to authorize payment thereof and delivery of
certain 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 the Contractor the sum of $7,200.00.
Section 2: The Certificates of Obligation herein authorized to be delivered
shall bear interest at the rate of 10.0% 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 certi-
ficate of the City of Huntsville, Texas, Equipment Acquisition Certificate
of Obligation, dated April 8, 1981.
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 28th day of April, 1981.
ATTES
DeS1 aw, ity Secretary
APPROVED AS TO FORM:
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Scott Bounds, City Attorney
William V. Nash, Mayor