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ORDINANCE
AUTHORIZING THE ISSUANCE OF INTEREST
BEARING CERTIFICATES OF OBLIGATION
THE STATE OF TEXAS S
COUNTY OF WILLIAMSON S
CITY OF GEORGETOWN S
WHEREAS, the City Council deems it advisable to issue
Certificates of Obligation in the amount of $200,000 for the
purpose of paying, in whole or in part, professional
services for engineering fees for the development of a
capital improvement program, and to pay legal and fiscal
fees in connection with this project= and
WHEREAS, the Certificates of Obligation hereinafter
authorized and designated are to be issued and delivered
for cash pursuant to Article 2368a.1, V.A.T.C.S.; and
WHEREAS, the City Council has heretofore, on the 13th
day of April, 1982, passed an ordinance authorizing and
directing the city secretary to give notice of intention to
issue Certificates of Obligation; and
WHEREAS, said notice has been duly published in the
Williamson County Sun, is a newspaper of general circulation
in said City, in its issues of April ,, 1982 and April
1982; and
WHEREAS, the City received no petition from the quali-
fied electors of the City protesting the issuance of such
Certificates of Obligations and
WHEREAS, it is considered to be'to the best interest of
tho City that said interest bearing Certificates of Obli-
gation of even denominations in the amount of $5,000 to be
issued.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS:
1. That the City's Certificates of Obligation, to be
called the "CITY OF GEORGETOWN, TEXAS CERTIFICATES OF
OBLIGATION, SERIES 1982" shall be issued under and by virtue
of the Constitution and laws of the State of Texas, for the
purpose of paying, in whole or in part, professional
services for engineering fees for the development of a
capital improvement program, and to pay legal and fiscal
fees in connection with this project.
2. That said Certificates of Obligation shall be
dated June 1, 1982, shall be numbered consecutively from one
upward, shall be in the denomination of $5,000 each, ag-
gregating $200,000, shall become due and payable on August 1
of each of the years as follows:
YEARS AMOUNTS
1983
$20,000
1984
20,000
1985
20,000
1986
25,000
1987
40,000
1988
75,000
3. That the Certificates of Obligation scheduled to
mature during the years, respectively, set forth shall bear
interest at the following rates per annum:
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