OR 231 $1.2M Water & Sewer Revenue Bonds, ORDINANCE NO. 231
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, Texag, is hereby
authorized and directed to issue a notice in substantiaRy 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 24th day of February, 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 slmB bear interest at a rate not to exceed Ten
Per Cent (10%) 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.A.T.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 27th day of January, 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.
1981. ADOPTED AND APPROVED this the c~7-~/~' day of ~,~_~ .
ATTEST:
[SEAL]