HomeMy WebLinkAbout0172_167and their investigation, examination and approval by t1li7167
Attorney General of the State of Texas, and their regi.strat,on
by the Comptroller of Public Accounts of the . State of Texa:�.
Upon reaiatration of said Certificates said Comptroller :f
Public Accounts (or a deputy designated in writing to ayt*
for said Comptroller; shall :_nually si)n • e Comptro1Lsr•"mi
Registration Certificate priiitod and and.�rsed on each of
said Series 1981 Certificates of Obligati n., and the seal of
said Comptroller shall be impreesed or placed in facsimil,,+.,
on each of said Series 1981 Certificates of Obligation.
12. That. it is hereby officially found and dc*.arm: ,
that a case of emergency or urgent public necasa :ty �::_i •. . •
which requires the holding of the meeting at wh c%+ �e
Ordinance is passed, such emergency or urgant p,,a1,4X n.=
ity being that the proposed Se;riea 1981 C4sr�•,•Ei r.'s
Obligation are required as soon as Isosrik=le a.. -a
delay for necessary and urgently needrad public �►o�,rr3� :�� ...,;
and that said meeting was open to t*ae.-:ublic
notice of the time, place and purpose ob raid n,eo tf r, -i �
giver, all as required by Vernon's Ann. Civ.. St., ,
6252-3.^.
13. That, staid Series 1561 Cert; fi.siwt:r�
are hereby sold and shall bo delivered. to V .c
Ba,.tk, Georgetown, Texas, for cash for the pckr v:0.t,a
and accrsed interest thereon to the date of delivo%-y
11. That the City covenants to and with the purch.a.se:^s
of the Series 1981 Certificates of Obligation that it will
make no use of the proceeds of the Series 1981 Certificates
of Obligation at any time throughout the term of this tseue
of Series 1981 Certificates of Obligation which, if such use
had been reasonably expected on the date of delivery of the.
Series 1981 Certificates of Obligation to and payment fo.:
the Series 1981 Certificates of Obligation by the purchasars,
would have caused the Series 1981 Certificates of Obliga::ion
to be arbitrage bonds within the meaning of. Section 3.03(c.j
of the Internal Revenue Code of 1954, as amended, or aiti
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regulations or rulings pertaining tbesreto; and by thli g
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covenant the City is obligated to comply with the recn31i amsYx :1q
d-
of the aforesaid Section 103(c) and all applicoble
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pertinent Department of the Treasury regulations re:'a�-a.ng t�j
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arbitrage bonds. The City further covenants that the
of the Series 1981 Certificates of Obli7at.ion wi,11. nnr..
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otherwise be used directly or indirectly so as to c"uR:-s F.V,
or any part of the Series 1981 Certificates of Obligattnn t.-
be or become arbitrage bonds within the meaning o
aforesaid Section 103(c), or any regulations o7.-
pertaining thereto.
12. That. it is hereby officially found and dc*.arm: ,
that a case of emergency or urgent public necasa :ty �::_i •. . •
which requires the holding of the meeting at wh c%+ �e
Ordinance is passed, such emergency or urgant p,,a1,4X n.=
ity being that the proposed Se;riea 1981 C4sr�•,•Ei r.'s
Obligation are required as soon as Isosrik=le a.. -a
delay for necessary and urgently needrad public �►o�,rr3� :�� ...,;
and that said meeting was open to t*ae.-:ublic
notice of the time, place and purpose ob raid n,eo tf r, -i �
giver, all as required by Vernon's Ann. Civ.. St., ,
6252-3.^.
13. That, staid Series 1561 Cert; fi.siwt:r�
are hereby sold and shall bo delivered. to V .c
Ba,.tk, Georgetown, Texas, for cash for the pckr v:0.t,a
and accrsed interest thereon to the date of delivo%-y