RESO 1980-24 - CO JailRESOLUTION NO. 80 -24
RESOLUTION AUTHORIZING PUBLICATION OF NOTICE OF INTENTION
TO ISSUE CITY OF HUNTSVILLE, TEXAS CERTIFICATES OF
OBLIGATION
WHEREAS, the City Council of the City of Huntsville, Texas (the "City ")
deems it advisable to issue Certificates of Obligation of the City in accord-
ance with the notice hereinafter set forth; therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HUNTSVILLE, TEXAS:
Section 1: The City Clerk is hereby authorized and directed to be published
in the manner required by law a notice of intention 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 the City of
Huntsville, Texas (the "City "), will meet in the City Hall, City
of Huntsville, Texas, at 7:00 p.m. on August 5, 1980, to adopt an
ordinance authorizing the issuance of City's Certificates of
Obligation, payable from City ad valorem taxes, bearing interest
at any rate or rates not to exceed the maximum interest rate now
or hereafter authorized by law, as shall be determined in the
discretion of the City Council, and maturing over a period of
years not to exceed twenty (20) years from the date thereof, for
the purpose of evidencing the indebtedness of the City for a part
of the cost of constructing a City cja'il facility
and the cost of professional services incurred in connection
therewith.
WITNESS my hand and the official seal of the City, this
day of , 1980.
Section 2: The notice set forth in Section 1 above shall be published once
a week for two (2) consecutive weeks in a newspaper which is of general
circulation in the City, the date of the first publication to be not
less than fourteen (14) days prior to the date tentatively set in said
notice for the passage of the ordinance authorizing the issuance of
such Certificates of Obligation.
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Section 3: This Resolution shall take effect immediately upon its passage.
PASSED AND APPROVED by the City Council of the City of Huntsville,
Texas, on this the A5 i4 day of �-� /y , 1980.
CITY OF HUNTSVILLE, TEXAS
By C
E. Larry 'ic ayor Pro Tem