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ORDINANCE
AUTHORIZING THE ISSUANCE OF INTEREST
BEARING CERTIFICATES OF OBLIG&TION
THE STATE OF TEXAS
COUNTY OF WILLIAMSON
CITY OF GEORGETOWN
WHEREAS, the City Council deems it advisable to i.asus
Certificates of Obligation in the amount of $100,000 for they
purpose of paying all or a portion of the City's contractual
obligations for constructing Hangars at the City's Airport,
and to pay professional fees for engineering, legal. and
fiscal Fees in connection with this project; and
WHEREAS, it is considered to be to the best intara-it; �
the City that said interest bearing Certificates cf 01:1.`•
gation cf even denominations in the amount of $5,00`
issued.
THEREFORE. BE IT ORDAINED BY'T.HE CITY COUNCIL QV
GEORGETOWN, TEXAS:
1. That the City's Certificatra of Cb?.i.gat.i.on..
called the " iTY OF GEORGETOWN AIRJPt ?a TMPRO?TEMENT CO;`•7i;1'K:._.
TAX AN) REVENUE CERTIFICATES OF 0BL,1'GATI0N. S^r.TM. i.�it�'� 5"
shall La isolled under and by virtue of . rho.
laws of t:}e State of Texas, for the purpo-a of piv yiot- 1'.,
a portiin of the City's contractual obligations for
ing Hangars at the City's Airport, and to pay p.roCe�g: ca -I
fuss for engineering, legal, and fisczl fees
with this project.
2. That said Certificates of Obligation shar.' l Le
dated May 1, 1981. shall be numberad conse�tutive) y frow 1)0i,
upward, shall be in they denomination of $5,000 each, a.
gregating $100,000, 0, shall become due ana cayaLl.e n • i -*0 a.
of each of the years, as follows:
v-7ARS
WHEREAS, the Certificates of Obligation herei.naftLr
1983
authorized and designated are to be issued and deli.verei
1984
for cash pursuant to Article 2368a.1, V. A. T. C. S.; and
i405
WHEREAS, the City Council has heretofore, on tY-e 6Et2:.
193E
day of March, 1981, adopted a resolution authoriziriy ardco .
co
directing the city secretary to give notice of. intent is In t .-
1988
issue Certificates of Obligation; and
C,
15,0-00
Lj
WHEREAS, said notice has been duly published in the
Q
Williamson County Sun, which is a newspaper of generPA c.i:-,--
Q
culation in said City, in its issues of March 29, 1981 .t.e
April 5, 1981; and
WHEREAS, the City received no petition from the
electors of the City protesting the issuance of such Cel
cates o Obligation; and
WHEREAS, it is considered to be to the best intara-it; �
the City that said interest bearing Certificates cf 01:1.`•
gation cf even denominations in the amount of $5,00`
issued.
THEREFORE. BE IT ORDAINED BY'T.HE CITY COUNCIL QV
GEORGETOWN, TEXAS:
1. That the City's Certificatra of Cb?.i.gat.i.on..
called the " iTY OF GEORGETOWN AIRJPt ?a TMPRO?TEMENT CO;`•7i;1'K:._.
TAX AN) REVENUE CERTIFICATES OF 0BL,1'GATI0N. S^r.TM. i.�it�'� 5"
shall La isolled under and by virtue of . rho.
laws of t:}e State of Texas, for the purpo-a of piv yiot- 1'.,
a portiin of the City's contractual obligations for
ing Hangars at the City's Airport, and to pay p.roCe�g: ca -I
fuss for engineering, legal, and fisczl fees
with this project.
2. That said Certificates of Obligation shar.' l Le
dated May 1, 1981. shall be numberad conse�tutive) y frow 1)0i,
upward, shall be in they denomination of $5,000 each, a.
gregating $100,000, 0, shall become due ana cayaLl.e n • i -*0 a.
of each of the years, as follows:
v-7ARS
F.h.;(.:7iNT3
1983
5 000
1984
5;.00
i405
::. 101
193E
S. 300
1987
lo, C00
1988
10, 00.0
1989
15,0-00
1990
15, wo
1991
15,000
15,000.
2