ORD 1981-36 - Ross Park Lighting• •
ORDINANCE NO. 81 -36
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 -29, found that it was advisable for the City to purchase Park
Lighting Improvements 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 Musco Lighting, Inc. (Contractor) in
the amount of $40,560.00 as the lowest and best bid for the purchase
of said Park Lighting Improvements; and
WHEREAS the City Council wishes to authorize payment thereof and delivery
of certain 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 owing to the Contractor the sum of $40,560.00.
Section 2: The Certificates of Obligation herein authorized to be delivered
shall bear interest at the rate of 9.75% 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 certi-
ficate of the City of Huntsville, Texas, Equipment Acquisition Certifi-
cate of Obligation, dated April 1, 1981.
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 28th day of April, 1981.
ATTEST-
-Agri .46 4 �d
Rut DeShaw, City Secre ary
APPROVED AS TO FORM:
•Sles..64
Scott Bounds, City Attorney
2
William V. Nash, Mayor