Ord. 0125 1966-07-09AN ORDINANCE AUTHORIZING GIVING OF NOTICE OF
INTENTION TO ISSUE REFUNDING BONDS; PROVIDING
THE DETAILS RELATING THERETO; AND PROVIDING THAT
THIS ORDINANCE SHALL TAKE EFFECT ON AND AFTER ITS
PASSAGE
THE STATE OF TEXAS
COUNTY OF BRAZORIA §
The City Council of the City of Pearland, Texas, convened
in special session at the City Hall within said City on the 23rd
day of May,,1966, with the following members, and the City Secre-
tary, present, to -wit:
Lloyd C. Hawkins Mayor
Victor A. Nolen Alderman
Joe Dan Calvin Alderman
Basil L. Cogbilly/ Alderman
E. A. Wasek
Aubrey G. Ellis V
W. A. McClellan City SecretaryQp
and the following member(s) absent, to -wit: l�tll,""t. ` „_k-�
Alderman
Alderman
when, among other business, the following was transacted:
The Mayor introduced an ordinance which was read in full.
Alderman \'ti made a motion that the ordinance be
adopted as read. Alderman
_C/\, `�� seconded the motion
for adoption of the ordinance. The motion, carrying with it the
adoption of the ordinance, prevailed by the following vote:
AYES: Aldermen Nolen, Calvin, Oogbill, Wasek
a-144-E1+and Mayor Hawkins.
NOES: None.
The Mayor thereupon announced that the motion had duly and
lawfully carried, and that the ordinance had been duly and lawfully
adopted. The ordinance thus adopted follows:
AN ORDINANCE AUTHORIZING GIVING OF NOTICE OF
INTENTION TO ISSUE REFUNDING BONDS; PROVIDING
THE DETAILS RELATING THERETO; AND PROVIDING THAT
THIS ORDINANCE SHALL TAKE EFFECT ON AND AFTER ITS
PASSAGE
WHEREAS, the City Council of the City of Pearland, Texas,
has heretofore adopted an ordinance authorizing the issuance of
the following described time warrants, respectively, to -wit:
CITY OF PEARLAND, TEXAS, WATERWORKS SYSTEM
TIME WARRANTS, SERIES 1964, dated June 15,
1964, numbered from 1 to 110, both inclusive,
in the denomination of 81,000 each, aggregat-
ing $110,000, bearing interest at the rate of
5% per annum, and maturing serially in each
of the years 1985 to 1994, both inclusive, as
follows:
$10,000 6-15-1985/92
15,000 1993/94
for the purpose of evidencing the indebtedness of said City for
all or any part of the cost of constructing permanent improvements,
additions and extensions to the City of Pearland, Texas, Water-
works System, including personal and professional services to be
rendered in connection therewith and other incidental expenses in
connection therewith; and
WHEREAS, thereafter on the 21st day of December, 1964,
said City Council adopted an ordinance authorizing the delivery of
warrants numbers 1 to 105, both inclusive, aggregating
105,000,
and providing that warrants numbers 106 to 110, both inclusive,
aggregating $5,000, should never be executed or issued; and
WHEREAS, the said
105,000 warrants, numbers 1 to 105, both
inclusive, were issued in accordance with said ordinance and the
same are now outstanding, and the owners and holders of said $105,000
warrants have agreed to surrender same in exchange for the refunding
bonds hereinafter described; Therefore
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND,
TEXAS:
Section 1: That the City Secretary of the City of Pear -
land, Texas, is hereby authorized and directed to cause a notice in
substantially the following form to be published at least once a
week for three (3) successive weeks in a newspaper of general cir-
culation within said City, the first publication to be at least
thirty (30) days before the meeting of the City Council at which it
is proposed to authorize such refunding bonds, to -wit:
WAIVER AND RATIFICATION CERTIFICATE
THE STATE OF TEXAS §
COUNTY OF BRAZORIA §
We, the undersigned, members of the City Council of the
City of Pearland, Texas, hereby waive notice and consent to the
holding of a special meeting of said Council on the 23rd day of
May, 1966, for the purpose of adopting an ordinance authorizing
giving of notice of intention to issue refunding bonds, and we
hereby ratify, adopt and confirm all proceedings had by said
Council at said meeting.
WITNESS OUR HANDS, this day of
, 1966.
, r� Y
L. o ill
Basil g , Al man
Aua /1 A-te
brey Ga/1 is, Alderman
Section 2: That this ordinance shall take effect from
and after its passage.
PASSED AND APPROVED this 23rd day of May, 1966.
May6r, City of Pearland, Texas
ATTEST:
City Secretar'y, City of
Pearland, Texas
(SEAL)
NOTICE OF INTENTION TO ISSUE
CITY OF PEARLAND WATERWORKS SYSTEM REFUNDING BONDS
TO THE QUALIFIED PROPERTY TAXPAYING VOTERS OF THE CITY OF PEARLAND,
TEXAS, AND TO ALL INTERESTED PERSONS:
NOTICE IS HEREBY GIVEN that it is the intention of the
City Council of the City of Pearland, Texas, on the j lday of
cJ'Ui,neLQ , 1966, to authorize the issuance of the refunding bonds of
the City of Pearland, Texas, in the maximum amount of $105,000,
bearing interest at a rate not to exceed 4-1/2% per annum, and
payable with maximum maturity date not exceeding 1995, said bonds to
be issued for the purpose of refunding, canceling and in lieu of a
like principal amount of said City's Waterworks System Time Warrants,
Series 1964, dated June 15, 1964, numbered from 1 to 105, both in-
clusive, aggregating $105,000, bearing interest at the rate of 5%.
BY ORDER OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS.
Cit Secretary