OR 238 Intention to issue $1.2M bondsORDINANCE NO. 238
MINUTES AND C.ERTIFICATION PERTAINING TO
AN ORDINANCE DIRECTING THE GMNG OF
NOTICE OF INTENTION TO ISSUE $1,200,000 CITY
OF COPPELL, TEXAS, WATER AND SEWER REVE-
NUE BONDS, SERIES 1981
THE STATE OF TEXAS §
COUNTY OF DALLAS §
CITY OF COPPELL §
On this the 12th day of May, 1981, the City Council of the City of Coppell,
Texas, convened in Regular meeting at the regular meeting place thereof, the
meeting being open to the public and notice of said meeting, giving the date,
place and subject thereof, having been posted as prescribed by Article 6252-17,
VoA.T.C.S., and the roll was called of the duly constituted officers and members
of said City Council, to-wit:
Andrew Brown, Mayor David Phillips )
Dorothy Timmons, City Secretary Walter Pettijohn ) Councilmembers
Glen White )
Dale Ware )
Orville Mayo )
and ,all of said persons were present, except the following absentees:
k3 0/~j ~- , thus constituting a quorum. Whereupon,
among other business the following was transacted at said Meeting:
An Ordinance directing the Giving of Notice of
Intention to Issue $1,200,000 City of Coppell, Texas,
Water and Sewer Revenue Bonds, Series 1981
The Ordinance, a full, true and correct copy of which is attached hereto,
was read and reviewed by the City Council.
Thereupon, it was moved by Councilmember LL)~, and
seconded by Councilmember ~,A~C) that the Ordinance be passed.
The Mayor put the motion to a vote of the members of the City Council
and the Ordinance was passed by the following vote:
AYES: All members shown present above voted "Aye".
NOES: None.
The Mayor then declared the Ordinance passed, and signed and approved the
same in the presence of the City Council.
MINUTES APPROVED AND CERTIFIED TO BE TRUE AND CORRECT and
to correctly reflect the duly constituted members of the City Council of said
City, and the attached and following copy of said Ordinance is hereby certified
to be a true and correct copy o.f an official copy thereof on file among the
official records of the City, all on t ~ , ·
ATTEST:
~XSS
[SEAL]
ORDINANCE NO. 238
AN ORDINANCE DIRECTING THE GIVING OF NO-
TICE OF INTENTION TO ISSUE $1,200,000 CITY OF
COPPELL, TEXAS, WATER AND SEWER REVENUE
BONDS, SERIES 1981
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS:
1. That the City Secretary of the City of Coppell, Texas, is hereby
authorized and directed to issue a notice in substantially the following form:
"NOTICE OF INTENTION TO ISSUE
WATER AND SEWER REVENUE BONDS
"THE STATE OF TEXAS §
COUNTY OF DALLAS §
CITY OF COPPELL §
"NOTICE is hereby given that on the 9th day of June, 1981, the City of
Coppell, Texas, at a regular meeting of the City Council to be held at the High
School located at 401 West Cowboy Drive in the City of Coppell, the regular
meeting place of the City Council, intends to pass an ordinance authorizing the
issuance of Water and Sewer Revenue Bonds, for the purpose of purchasing,
repairing, improving and extending the existing water system in and for said City
and for the payment of necessary and incidental expenses related thereto. Said
Bonds shall be issued in an amount not to exceed One Million Two Hundred
Thousand Dollars ($1,200,000); they shall bear interest at a rate not to exceed
Fifteen Per Cent (15%) per annum, and shall have a maximum maturity date of
not later than Forty (40) years after their date. Said Bonds shall be payable from
the net revenues of the City's combined Water and Sanitary Sewer System,
sufficient to pay the interest on this Series of Bonds as due and to provide for
the payment of the principal thereof as the same matures, as authorized by
Article 1111 et. seq., V. AoT. C.S., as amended and supplemented.
"THIS NOTICE is given in accordance with law and as directed by the City
Council of the City of Coppell, Texas.
"GIVEN this 12th day of May, 1981.
"City Secretary"
2. The foregoing notice shall be published on the same day of each of two
successive weeks, the first of which publications shall be at least fourteen (14)
days prior to the date set in the foregoing notice for passage of the ordinance
authorizing said Water and Sewer Revenue Bonds.
ADOI'TED AND APPROVED this the 12t~May 1981
~or,~City of Cp/pell, Texas
ATTEST:
C~it~y~ ' C ellis
[SEAL]