RESO 1992-09 - Refunding Bond SeriesRESOLUTION NO. 92- 9
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
HUNTSVILLE, TEXAS, APPROVING RESOLUTION AUTHORIZING THE
ISSUANCE OF TRINITY RIVER AUTHORITY OF TEXAS CONTRACT
REVENUE REFUNDING BONDS, SERIES 1992 (CITY OF HUNTSVILLE
SEWER PROJECT).
WHEREAS it is necessary and advisable that the City approve the Resolution Authorizing
the Issuance of Trinity River Authority of Texas Contract Revenue Refunding
Bonds, Series 1992 (City of Huntsville Sewer Project), hereinafter described.
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
HUNTSVILLE, TEXAS:
SECTION 1: That a draft of a resolution authorizing the issuance of Trinity River Authority
of Texas Contract Revenue Refunding Bonds, Series 1992 (City of Huntsville
Sewer Project) (the "Bond Resolution ") proposed to be adopted by the Board
of Directors of Trinity River Authority of Texas (the "Authority ") on April 22,
1992, has been submitted to the City of Huntsville (the "City ") in the form
attached hereto and made a part hereof for all purposes. Said draft is hereby
approved by the City as to form and substance, and the bonds (the "Bonds)
described therein may be issued by Trinity River Authority of Texas in
accordance with the terms and provisions set forth therein and herein.
SECTION 2: That the interest rates for the Bonds, the purchaser of the Bonds, and the
price to be paid for the Bonds, shall be set forth in the Bond Resolution in
the manner determined by the Board of Directors of Trinity River Authority
of Texas pursuant to bids to be received by said Authority for the Bonds on
April 22, 1992, at public sale in accordance with a Notice of Sale and Official
Statement prepared under the supervision of said Authority and First
Southwest Company, its Financial Advisor; and such interest rates, purchaser,
and price as so determined are hereby approved by the City.
SECTION 3: That it is acknowledged and agreed by the City that the Bonds authorized
pursuant to said Bond Resolution will be issued in strict conformance and
compliance with the Sewerage System Contract (the "Contract "), dated April
26, 1978, executed between the Authority and the City, and relating to the
Project as defined in said Contract and described in said Bond Resolution,
and that the City will be fully bound by the provisions of said Bond
Resolution insofar as they pertain to the City, and the City will be
unconditionally obligated to make the payments with respect to the Bonds as
required by the Contract and the Bond Resolution.
CITY OF HUNTSVILLE
W. H. Hodges, Mayor
ATTEST:
y Jai
Mel a Byers, City S6retary
APPROVED AS TO FORM:
G8
Scott Bounds, City Attorney