HomeMy WebLinkAboutRES 05.13.1986 - Texas General Obligation BondsRESOLUTION
WHEREAS, the City Council of the City of Georgetown, Texas desires to
receive bids for the purchase of its $1,500,000 General Obligation -Bonds,
Series 1986; and
WHEREAS, First Southwest Company, Dallas, Texas, has been authorized
and requested to prepare a Notice of Sale and Bidding Instructions,
Official Bid Form and Official Statement containing financial, economic
and other data necessary and desirable to attract bids for said bonds;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS:
That the attached Notice of Sale and Bidding Instructions, Official
Bid Form and Official Statement relative to $1,500,000 City of Georgetown,
Texas General Obligation Bonds, Series 1986, are hereby approved, both as
to form and content, and said First Southwest Company is authorized to
distribute said Notice of Sale and Bidding Instructions, Official Bid Form
and Official Statement to prospective bidders for, and purchasers of, the
bonds.
PASSED AND APPROVED this the 13th day of May, 1986, by the City
Council of the City of Georgetown, Texas, convened in session
IV
with a lawful quorum present.
ATTEST:
City Secretary
Mayor
FIRST S'OU44WE4t COMPANY
INVESTMENT BANKERS
SOUTHWEST TOWER
211 E. SEVENTH, SUITE 707
AUSTIN, TEXAS 78701
MONTY C. NITCHOLAS May 13, 1986
VICE PRESIDENT
Honorable Mayor and City Council
City of Georgetown
Georgetown, Texas
Gentlemen:
TEL. (512) 478-4372
A rule of the Municipal Securities Ruiemaking Board, under which we operate,
requires that we advise you in writing of our intention to bid for our own
account or with others for your $1,500,000 General Obligation Bonds, Series
1986 and that we have your written consent to do so.
Our Financial Advisory Agreement, the Notice of Sale and the Official
Statement to be mailed to prospective bidders and purchasers of your Bonds
shall state:
"First Southwest Company is employed as Financial Advisor to
the City in connection with the issuance of the Bonds. The
Financial Advisor's fee for services rendered with respect
to the sale of the Bonds is contingent upon the issuance and
delivery of the Bonds. First Southwest Company may submit a
bid for the Bonds, either independently or as a member of a
syndicate organized to submit a bid for the Bonds."
It would be appreciated if you would indicate your approval by signing this
letter in the space provided below.
Very truly yours,
FIRST SOUTHWEST COMPANY
'MontNitch lay
Vice President
The above is understood and agreed to, and we hereby give our consent, this
the 13th day of May, 1986.
CITY OF GEORGETOWN, TEXAS
By__
ATTEST:Mayor
r�tv inrro+ary
FIRST COMPANY
INVESTMENT BANKERS
SOUTHWEST TOWER
211 E. SEVENTH, SUITE 707
AUSTIN, TEXAS 78701
MONTY C. NITCHOLAS
VICE PRESIDENT
Honorable Mayor and City Council
City of Georgetown
Georgetown, Texas
Gentlemen:
May 13, 1986
TEL. (512) 475-4372
A rule of the Municipal Securities Rulemaking Board, under which we operate,
requires that we advise you in writing of our intention to bid for our own
account or with others for your $1,500,000 General Obligation Bonds, Series
1986 and that we have your written consent to do so.
Our Financial Advisory Agreement, the Notice of Sale and the Official
Statement to be mailed to prospective bidders and purchasers of your Bonds
shall state:
"First Southwest Company is employed as Financial Advisor to
the City in connection with the issuance of the Bonds. The
Financial Advisor's fee for services rendered with respect
to the sale of the Bonds is contingent upon the issuance and
delivery of the Bonds. First Southwest Company may submit a
bid for the Bonds, either independently or as a member of a
syndicate organized to submit a bid for the Bonds."
It would be appreciated if you would indicate your approval by signing this
letter in the space provided below.
Very truly yours,
FIRST SOUTHWEST COMPANY
� v
'Monty Nitch las
Vice President
The above is understood and agreed to, and we hereby give our consent, this
the 13th day of May, 1986.
CITY OF GEORGETOWN, TEXAS
By �z,\-- — L�,
ATTEST: Mayor
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city CArratary