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HomeMy WebLinkAboutR82-28 07-12-82 RESOLUTION NO. R82-28 RESOLUTION FIXING COUPON INTEREST RATES AND NAMING PURCHASER OF $6,100,000 PERMANENT IMPROVEMENT BONDS, SERIES 1982 THE STATE OF TEXAS COUNTIES OF BRAZORIA ~ND HARRIS CITY OF PEARLAND § WHEREAS, the City Council of the CITY OF PEAP, LAND, TEXAS (the "City"), has heretofore authorized the issuance of the City's $6,100,000 PERMANENT IMPROV~4ENT BONDS, SERIES 1982 (the "Bonds"), by reading, considering and adopting on June 28, 1982, and again on July 12, 1982, respectively, an ordinance autho- rizing such issuance; and WHEREAS, the City Council deems it advisable to adopt a resolution fixing coupon interest rates and naming the purchaser 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 1984 through 1990, 12.00 % Bonds maturing 19 through 1991, 10.60 % Bonds maturing 19__ through 1992 10.90 % Bonds maturing 19 through 1993 11.15 % Bonds maturing 19 through 1994 11.40 % Bonds maturing 19 through 1995 11.75 % Bonds maturing 19 through 1996 12.00 % Bonds maturing 19 through 1997 12.00 % Bonds maturing 19 through 19__ % Bonds maturing 19 through 19__ % Section 3. The Bonds are hereby sold and shall be de- livered to Cowen & Company RW Div; Republic Bank Dallas; Thc Fort Worth National Bank, Interfirst Bank, Dallas; Smith, Barney & Ass?C~or the par value thereof and accrued interest thereon to date of delivery, plus a premium of $ 0 , 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. ATTEsT:PASSED AND APPROVED this~2th~day of~982. ~~~~ Mayor CITY OF PEARLAND, TEXAS ~City Secre~r~ CITY OF P~ARLAND, TEXAS (SEAL) -2- t Imo:! CERTIFICATE FOR RESOLUTION THE STATE OF TEXAS § COUNTIES OF BRAZORIA AND HARRIS § CITY OF PEARLAND § We, the undersigned officers of the CITY OF PEARLAND, TEXAS (the "City") , hereby certify as follows: 1. The City Council of the City convened in regular meeting on the 12th day of July, 1982 , at the regular meeting place thereof, within the City,. and the roll was called of the duly constituted officers and members of the City Council and the City Secretary, to-wit: Tom Reid Mayor Terry Gray Mayor Pro Tem Dennis M. Frauenberger Council Member Charles Mack Council Member Alfred E. Lentz Council Member (Vacant) Council Member Dorothy L. Cook City Secretary and all of said persons were present, except the following absentees : Dorothy L. Cook , thus constituting a quorum. Whereupon, among other business, the following was transacted at said meeting: a written RESOLUTION FIXING COUPON INTEREST RATES AND NAMING PURCHASER OF $6,100,000 PERMANENT IMPROVEMENT BONDS, SERIES 1982 (the "Resolution") was duly introduced for the consideration of the City Council and read in full. It was then duly moved and seconded that the Resolution be adopted; and, after due discussion, said motion, carrying with it the adoption of the Resolution, prevailed and carried by the fol- lowing vote: AYES: All members of the City Council shown present above voted "Aye" . NAYS: None. 2 . That a true, full and correct copy of the Resolution adopted at the meeting described in the above and foregoing paragraph is attached to and follows this certificate; that the Resolution has been duly recorded in the City Council' s minutes of said meeting; that the above and fore- going paragraph is a true, full and correct excerpt from the City Council' s minutes of said meeting pertaining to the adoption of the Resolution; that the persons named in the above and foregoing paragraph are the duly chosen, qualified and acting officers and members of the City Council as indicated therein; that each of the officers and members of the City Council was duly and sufficiently notified officially and personally, in advance, of the date, hour, place and subject of the aforesaid meeting, and that the Resolution would be introduced and considered for adoption at said meeting, and each of said officers and members consented, in advance, to the holding of such meeting for such purpose; that said meeting was open to the public as required by law; and that public notice of the date, hour, place and subject of said meeting was given as required by Vernon' s Article 6252-17 , as amended. SIGNED AND SEALED this 12th day of July, 1982 . City reta y Mayor (SEAL)