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ORD INALN CE
AUTHORIZING THE ISSUANCE OF INTEREST
SEARING CERTIFICATES OF OBLIGATION
THr STATE OF TEXAS a
COUNTY OF WILLIAMSON
CITY OF GEORGETOWN 9
WHEREAS, the Cite Council deems it advisable to issue
Certificates of Obligation in the amount of $750,000 for the
purpose of paying, in whole or in part, contractual obliga-
tions for improving and extending the City's Waterworks and
Sewer System, and to pay engineering, 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 29th
day of October, 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, a newspaper of general circulation in
said City, in its issues of November 4, 1982 and November
11, 1982; and
WHEREAS, the City received no petition from the quali-
fied electors of the City protesting the issuance of such
Certificates of Obligation; and
WHEREAS, it is considered to be to the best interest of
the City that said interest bearing Certificates of Obli-
gation of even denominations in the amount of 55,000 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-A" shall be issue under.. and by
virtue of the Constitution and laws of the State of Texas,
for the purpose of paying, in whole or in part, contractual
obligations for improving and extending the City's Water-
works and Sewer System, and to pay all or a portion of the.
engineering, legal and fiscal fees in connection with this
project.
.2. That said Certificates of Obligation shall be
dated December 1, 1982, shall be numbered consecutively from
one upward, shall be in the denomination of $5,000 each, ag-
gregating $750,000, shall become due and payable on April 1
of each of the years as follows:
YEARS ALMO UNT S
1985
$ 25400
1986
25,000
1987
30,000
1988
40,000
1989
120,000
1990
140,000
1991
175,000
'1992
195,000
3. That the Certificates of Obligation scheduled to
creature during the years, respectively, set forth shall bear
interest at the following rates per annum:
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