R78-34 08-28-78THE STATE OF TEXAS §
COUNTIES OF BRAZORIA AND HARRIS §
CITY OF PEARLAND §
The City Council of the City of Pearland, Texas, convened
in regular meeting, open to the public, on the 28th day of
August, 1978, at the City Hall, and the roll was called of the
duly constituted officers and members of the City Council and
the City Secretary of the City, to -wit:
Tom Reid
Dennis Frauenberger
Harry Farley
Fran Coppinger
Morris S. Wilson
Carlton McComb
Dorothy L. Cook
and all of said persons were
sentees: None
Mayor
Councilman
Councilman
Councilman
Councilman
Councilman
City Secretary
present, except the following
ab -
thus constituting a quorum.
the following was transacted
lution entitled:
Whereupon, among other business,
at said meeting: a written reso-
RESOLUTION FIXING COUPON INTEREST RATES
AND NAMING PURCHASER OF $2,750,000 WATERWORKS
AND SEWER SYSTEM REVENUE BONDS, SERIES 1978
(the "Resolution") was duly introduced for the consideration
of the City Council and reviewed in full. It was then duly
moved and seconded that the Resolution be passed; and, after
due discussion, the motion, carrying with it the passage of
the Resolution, prevailed and carried by the following vote:
AYES: All members of the City Council shown
present above voted "Aye".
NOES: None.
The Mayor thereupon announced that the Resolution had been duly
and lawfully adopted. The Resolution. thus adopted follows:
n
RESOLUTION NO. R78-34
RESOLUTION FIXING COUPON INTEREST RATES
AND NAMING PURCHASER OF $2,750,000 WATERWORKS
AND SEWER SYSTEM REVENUE BONDS, SERIES 1978
THE STATE OF TEXAS §
COUNTIES OF BRAZORIA AND HARRIS §
CITY OF PEARLAND §
WHEREAS, the City Council of the CITY OF PEARLAND, TEXAS
(the "City"), has heretofore authorized the issuance of the
City's $2,750,000 WATERWORKS AND SEWER SYSTEM REVENUE BONDS,
SERIES 1978 (the "Bonds"), by reading, considering, and adopting
on August 14, 1978, and again on August 28, 1978, respectively,
an ordinance authorizing such issuance; and
WHEREAS, the City Council deems it advisable to adopt a
resolution fixing coupon interest rates and naming the pur-
chaser or purchasers of the Bonds;
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF PEARLAND THAT:
Section 1. The matters and facts recited in the preamble
of this resolution are hereby found to be true and correct.
Section 2. The Bonds shall bear interest per annum at
the following rates, respectively, to -wit:
Bonds
Bonds
Bonds
Bonds
Bonds
Bonds
Bonds
Bonds
maturing
maturing
maturing
maturing
maturing
maturing
maturing
Maturing
-Bonds maturing
Bonds maturing
Bonds maturing
Bonds maturing
1979 through 190, 64-0%
19 j through 19, J?(a %
19%0 through 19V, S Vn %
19 fl through 19 ,
1907/through 19 , 1770 %
191T -through 19 , ,f.Ao %
19 e/ through 19 , .T 116 %
19%07 through 19 , t9.o0 %
19gf through 19 , C.i° g
/cxab
192rthrough i , C.2-42 %
through
through
%
4
Section 3. The Bonds are hereby sold and shall be de-
livered to w
, for the par value
thereof and accrued interest thereon to date of delivery, plus
a premium of $ , subject to the unqualified approving
opinions, as to the legality of the Bonds, of the Attorney
General of the State of Texas and of Vinson & Elkins, Houston,
Texas, market attorneys.
Section 4. This resolution was read and considered once
by the City Council and shall take effect immediately.
Section 5. It is hereby officially found and determined
that the need of the City for such financing creates an emer-
gency and an urgent public necessity for the holding, at the
scheduled time, of the meeting of the City Council at which
this resolution is adopted and for the adoption of this resolu-
tion; and the NOTICE OF "MEETING relating to said meeting and
heretofore posted by the City Secretary, and the posting
thereof, is hereby authorized, approved, adopted, and ratified.
PASSED AND APPROVED this 28th day of Augu 1978.
ATTEST:
Mayor
CITY OF PEARLAND, TEXAS
City Secret
CITY OF P 'i 'ND, TEXAS
(SEAL)
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