ORD 1999-05 - New & Unused 99 Trailer 02-09-1999ORDINANCE NO. 99-05
AN ORDINANCE APPROVING CLAIM AND DELIVERY OF
CERTIFICATES OF OBLIGATION FOR A NEW AND UNUSED 1999 118
CUBIC YARD ALUMINUM OPEN TOP LIVE FLOOR TRAILER FOR
HAULING SOLID WASTE; AND CONTAINING OTHER PROVISIONS
RELATED HERETO.
WHEREAS the City Council of the City of Huntsville, Texas, by Ordinance No. 98-29, found
that it was advisable for the City to purchase a 1998 or newer 118 cubic yard
aluminum open top live floor trailer for hauling solid waste 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 Travis Body and Trailer, Inc., in the amount of
$48,265.00 as the lowest and best bid for the purchase of the 1999 118 cubic yard
aluminum open top live floor trailer; and
WHEREAS the City Council wishes to authorize payment thereof and delivery of a Certificate
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 Travis Body and Trailer, Inc., the sum of $48,265.00.
SECTION 2: The Certificate of Obligation herein authorized to be delivered shall bear interest at
the rate of 4.74% per annum from date of initial delivery shown on the face of such
certificate.
SECTION 3: There shall be executed and delivered to Travis Body and Trailer, Inc., a City of
Huntsville, Texas, Equipment Acquisition Certificate of Obligation, dated
November 17, 1998, and issued February 9, 1999.
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 9th day of February, 1999.
ATTEST:
CITY OF HUNTSVILLE, TEXAS
William B. Green, Mayor
Danna Welter, City Secretary
AS TO FORM:
City
Dated: November 17,1998
Amount: $48,265
Issued: February 9, 1999 Register No. 99 -01
UNITED STATES OF AMERICA
COUNTY OF WALKER
STATE OF TEXAS
CITY OF HUNTSVILLE, TEXAS, EQUIPMENT ACQUISITION
CERTIFICATE OF OBLIGATION
The City of Huntsville, a Municipal Corporation of the State of Texas, acknowledges itself
indebted to and FOR VALUE RECEIVED hereby promises to pay to the registered owner hereof
in installments and on the dates as below indicated the total sum of
Forty Eight Thousand Two Hundred Sixty Five And No /100 Dollars
($48,265) in lawful money of the United States of America, with interest thereon from date of issue
until paid at the rate of 4.74% per cent per annum, payable on February 9, 2000, and annually
thereafter on the 9th day of February of each and every year as hereinafter provided until such sum
is fully paid.
BOTH PRINCIPAL AND INTEREST on this Certificate of Obligation are hereby made payable
in Huntsville, Walker County, Texas, without exchange or collection charges to the registered owner
hereof, with such payments to be due on the dates and in the amounts as follows:
DATE
PRINCIPAL
INTEREST
TOTAL
2000
$ 12,066.25
$ 2,287.76
$ 14,354.01
2001
12,066.25
1,715.82
13,782.07
2002
12,066.25
1,143.88
13,210.13
2003
12,066.25
571.94
12,638.19
TOTAL
$ 48,265.00
$ 5,719.40
$ 53,984.40
The City reserves the right to prepay all or any part of this Certificate at any time prior to the due
date or maturity thereof without premium or penalty of any kind.
It is hereby certified and recited that all acts, conditions and things required to be done precedent
to and in the issuance of this Certificate of Obligation, to render the same lawful and valid have been
properly done, have happened and have been performed in regular and due time, form and manner
as required by law; that due and proper provision has been made for the levy of a direct and
continuing annual ad valorem tax against all taxable property within the said City sufficient to pay
the interest on this Certificate of Obligation as due and to provide for the payment of each
installment of principal as same matures; that the City has received full value and consideration for
this Certificate of Obligation and that the total indebtedness of the City of Huntsville, including this
Certificate of Obligation, does not exceed any constitutional or statutory limitation.
This Certificate shall be registered as to principal and interest in the owner's name upon books
of the City to be kept for that purpose at the office of the Finance Director of the City, the registrar,
such registration to be noted hereon. After such registration, no transfer of this Certificate shall be
valid unless made on the City's books at the request of the registered owner hereof, or his duly
authorized agent, and similarly noted hereon.
IN TESTIMONY WHEREOF the City Council has caused the seal of said City to be impressed
hereon and this Certificate of Obligation to be signed by the Mayor and attested to by the City
Secretary, the date of this Certificate of Obligation being the 9th day of February, 1999.
DATE OF INITIAL DELIVERY OF THIS CERTIFICATE:
ATTEST:
jMtL�
Danna Welter, City Secretary
a- -lq -qq
William B. Green, Mayor
ASSIGNMENT AND TRANSFER
Full consideration therefor being hereby acknowledged, this Certificate of Obligation was
delivered to Travis Body and Trailer, Inc., the original holder, on this the �. day of
ar,i , 1999, and by it hereby assigned and transferred to Donnie
Wells.
TRAVIS BODY AND TRAILER,
INC.
By a%r14,
CERTIFICATE OF REGISTRATION Vv"A &Ml-
IT IS HEREBY CERTIFIED that I have this day registered this Certificate as to principal in the
name of the holder as indicated in the registration blank below, on the books kept by me for such
purpose. The principal of and interest on this Certificate shall be payable only to the registered
holder named in the below registration blanks.
Signature
Name of Date of Finance Director
Registered Holder Registration (Registrar)
Donnie Wells 1 (4