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R78-33 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 present, sentees: thus constituting a quorum. Whereupon, among the following was transacted at said meeting: lution entitled: Mayor Councilman Councilman Councilman Councilman Councilman City Secretary except the following ab- , other business, a written reso- RESOLUTION FIXING COUPON INTEREST RATES AND NAMING PURCHASER OF $1,860,000 PERMANENT IMPROVEMENT 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: Resolution Wo, 2fp 33 RESOLUTION FIXING COUPON INTEREST RATES AND NAMING PURCHASER OF $1,860,000 PERMANENT IMPROVEMENT 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 $1,860,000 PERMANENT IMPROVEMENT BONDS, SERIES 1978 (the "Bonds"), by reading, considering, and adopting on July 24, 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 maturing 1981D through 19z, S . qo % Bonds maturing 19fQ through 19 , c/90 % Bonds maturing 19 j through 19/4 Soo Bonds maturing 199/ through 19_, 3-,/o % Bonds maturing 194 through 19 , -5.7-o % Bonds maturing 19 ?3 through 19 , 5,/// % Bonds maturing 19 Lthrough 19 , S7_30•1 Bonds maturing 19gj through 19 , J! Va % Bonds maturing 1916 through 1997, S75 -c) % Bonds maturing 19_ through 19 , Bonds maturing 19 through 19, Bonds maturing 19 through 19 , Section 3. The Bonds are hereby sold and shall be de- livered to 'e,° /, , 4441:7‘74,-..,/ feA-/! en/%%/41j, /-»r T Ge_40,- - 7 41a4_,AC , for the par value thereof and accrued interest thereon to date of delivery, plus a premium of $ YDO.deJ , 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 August„ 1978. ATTEST: Mayor CITY OF PEARLAND, TEXAS City Secre CITY OF P (SEAL) ry RLAND, TEXAS -2- • r rmN CERTIFICATE FOR RESOLUTION FIXING COUPON INTEREST RATES AND NAMING PURCHASER OF $1, 860 ,000 PERMANENT IMPROVEMENT BONDS, SERIES 1978 THE STATE OF TEXAS § COUNTIES OF BRAZORIA AND HARRIS § CITY OF PEARLAND § We, the undersigned officers of the CITY OF PEARLAND, TEXAS (the "City") , do hereby certify as follows : 1. That we are the duly chosen, qualified and acting officers of the City for the offices shown below our signatures and that as such we are familiar with the facts herein certified. 2 . That there is attached to and follows this certificate an excerpt of proceedings from the minutes of a meeting of the City Council of the City (the "City Council") which is a true, full and complete excerpt of all proceedings from the minutes of the City Council pertaining to the adoption of the resolution de- scribed therein; and that the persons named in such excerpt as the officers and members of the City Council or as officers of the City are the duly chosen, qualified and acting officers and members as indicated therein. 3 . That a true and complete copy of the resolution (the "Resolution") , as adopted at the meeting described in such excerpt from the minutes , is attached to and follows such excerpt. 4 . That the Resolution has been duly and lawfully adopted by the City Council and that the Mayor of the City has approved, and hereby approves , the Resolution; that the Mayor and the City Secretary of the City have duly signed and attested the Resolution and each, respectively, hereby declares that the signing of this certificate shall also constitute the signing of the Resolution for all purposes; and that the Resolution, as signed, has been duly recorded in the minutes of the City Council for such meeting. 5. That each of the officers and members of the City Council was duly and sufficiently notified officially and per- sonally, in advance, of the date, hour, place and subject of such meeting of the City Council, and that the Resolution would be introduced and considered for passage at such meeting, and each of such officers and members consented, in advance, to the holding of such meeting to consider and act upon such subject. 6. That written notice of the meeting of the City Council described in the excerpt from the minutes was posted in the form and manner required by law; and that such meeting was open to the public as required by law at all times during which the Resolution and the subject matter thereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Article 6252-17 , Vernon' s Texas Civil Statutes , as amended. SIGNED AND SEALED this 28th day of August, 1978 . U2)L1'/ `---- City Secr 75 ' Mayor (SEAL)