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Section 23, Approval and Rcgist.ration of Bonds. That the Bonds and a
complete record of proceedings shall be submitted to the Attorney General for his
approval. After the Bonds have been approved by the Attorney General, they shall
be left in the care and custody of the Comptroller of Public Accounts of the State
of Texas, and the State Comptroller is hereby authorized to deliver the Bonds,
after registration thereof, to The Austin National Rank in Austin, Texas.
Section 24. Confirmation of Sale. That the sale of the Bonds to First
Southwest Company - Rauscher, Pierce & Company at a price of par and accrued
interest to date of delivery, plus a cash premium of $ , is hereby
confirmed. Delivery of the Bonds to said purchasers shall be made as soon as may
be after the passage of this Ordinance, upon payment therefor in accordance with
the terms of sale.
Section 25. IT IS HERFRY CERTIFIED AND RECITED by the City Council:
(a) That the City is in compliance with all covenants and undertakings
in connection with the Outstanding Bonds; and
(b) That in issuing the Bonds, the City has complied with all the
requirements pertaining thereto as met forth in the Ordinance authorizing the
issuance of the Outstanding Bonds.
Section 26. Fmer enc . The fact that the City Council considers
the passage of this Ordinance and the issuance of the Bonds necessary for the
preservation of the public health and safety of the citizens of the City of
Georgetown, it in hereby declared to be an emergency measure demanding that
the rule requiring Ordinances to be read at more than one meeting of the
City Council be suspended and that this Ordinance take effect immediately from
and after its passage, and it is so ordained.
PASSED AND APPROVED this 2nd day of May, 1966.
ATTEST:
City Secretary
Layor, City of Georgetown, Texas