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ORD 1981-11 - Police CarsORDINANCE NO. 81 -11 AN ORDINANCE AUTHORIZING PUBLICATION OF NOTICE TO BIDDERS AND NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION FOR FOUR (4) POLICE VEHICLES; AND MAKING VARIOUS PROVISIONS RELATED THERETO. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF HUNTSVILLE, TEXAS, that: Section 1: The City Secretary is hereby authorized and directed to cause to be published a notice to bidders and notice to issue Certificates of Obligation in substantially the following form: NOTICE TO BIDDERS AND NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION FOR FOUR (4) POLICE VEHICLES NOTICE IS HEREBY GIVEN that the City of Huntsville, Texas, is now accepting sealed bids for four (4) police vehicles. Bids will be received until February 24, 1981 at 2 :00 P.M. The City Council tentatively proposes to let a contract for such purpose and to authorize issuance of Certificates of Obligation, in ac- cordance with the terms and provisions of this notice, at its March 3, 1981 meeting or at a subsequent meeting of the City Council in City Hall. Copies of specifications are on file at the office of the pur- chasing agent of the City at the City Service Center, 80 Highway 75 North, and may be examined there without charge, and may be obtained there. The City reserves the right to accept any bid deemed most advan- tageous, including alternates, to reject any or all bids, and to waive any informality. It is the intention of the City to pay all or any part of any contractual obligation to be incurred for such purchase or purchases, including contractual obligations for professional services in connection therewith, by the issuance of Certificates of Obligation of the City pursuant to Texas Revised Civil Statutes Art. 2368a.1 and payable from City ad valorem taxes, in the maximum aggregate principal amount of $40,000.00, bearing interest at a rate not in excess of that prescribed by Texas Revised Civil Statutes Art. 717k -2, and maturing over a period of years not to exceed 20 years from the date thereof. The successful bidder will be required to accept such Certificates of Obligation in payment of all or any part of the contract price. The City Council has made provision for each contractor to sell and assign such Certificates of Obligation and each bidder is re- quired to elect whether he will accept such Certificate in payment of all or a part of the contract price, or prices, or assign such Certificates in accordance with such arrangements. Section 2: The notice set forth in Section 1 shall be published once a week for two (2) consecutive weeks in a paper that is of general circulation in the City of Huntsville and that has been duly desig- nated as the official newspaper of the City. The date of the first publication shall not be less than fourteen (14) days prior to the date set in said notice for the receipt of bids by Council. Section 3: This ordinance shall take effect immediately upon its passage. INTRODUCED READ AND PASSED by the unanimous vote of Council on this day of e,ij , A. D. 1981. H DE S W, City Secretary APPROVED: j2.4147L- BOUNDS, S, City Attorney MORRIS I. WALLER, Mayor