ORD 1987-38-A - CO Issued for $53,000.00 for Tandem Axle Dump Truck Approving Claim & Delivery 11-17-1987ORDINANCE NO. 87-38-(A)
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. 81-25, found that it was advisable for the City to
purchase a tandem axle dump truck - cab chassis and body 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
manner required by law; and
WHEREAS the City awarded a contract to John Niederhofer (Contractor) in
the amount of $53,000.00 as the lowest and best bid for the
purchase of said tandem axle dump truck - cab chassis and body;
and
WHEREAS the City Council wishes to authorize payment thereof and deliver
of certain of said 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 owning to be the Contractor of the sum of
$53,000.00.
Section 2: The Certificates of Obligation herein authorized to be delivered
shall bear interest at the rate of 7.30% 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
certificate of the City of Huntsville, Texas, Equipment
Acquisition Certificate of Obligation, dated March 17, 1987.
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 day of November, 1987.
CITY OF HUNTSVILLE, TEXAS
By:
ATTEST:
haw, City Secretary
APPROVED AS TO FORM:
Scott Bounds, Bounds, City Attorney
onday, ayor