HomeMy WebLinkAbout0102_0001ORDINANCE
AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS
THE STATE OF TEXAS
COUNTY OF WILLIAMSON
CITY OF GEORGETOWN
WHEREAS, the bonds hereinafter authorized were lawfully
and favorably voted at an election duly held in said City on
February 25, 1984, and
WHEREAS, out of the bonds voted at said election, none has
been issued, authorized or delivered, and
WHEREAS, it is necessary and advisable to authorize, issue
and deliver an installment or series of said bonds, and
WHEREAS, the bonds hereinafter authorized and designated
were voted and are to be issued and delivered pursuant to Art
1175VATC S
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
GEORGETOWN
Section 1 AMOUNT AND PURPOSE OF THE BONDS The bond or
bonds of the City of Georgetown, Texas (the "Issuer") are here-
by authorized to be issued and delivered in the aggregate prin-
cipal amount of $1,785,000 for the purpose of providing
$1,000,000 for the purpose of constructing and improving the
City's streets and drainage in connection therewith, $535,000
for the purpose of renovating a Fire Station and permanently
equipping same, and $250,000 for the purpose of renovating and
constructing a Police Station building
Section 2 DESIGNATION OF THE BONDS Each bond issued
pursuant to this Ordinance shall be designated "CITY OF
GEORGETOWN, TEXAS GENERAL OBLIGATION BOND, SERIES 1984", and
initially there shall be issued, sold, and delivered hereunder
a single fully -registered bond, without interest coupons, pay-
able in installments of principal (the "Initial Bond"), but the
Initial Bond may be assigned and transferred and/or converted
into and exchanged for a like aggregate principal amount of
fully registered bonds, without interest coupons, having serial
maturities, and in the denomination or denominations of $5,000
or any integral multiple of $5,000, all in the manner herein-
after provided The term "Bonds" as used in this Ordinance
shall mean and include collectively the Initial Bond and all
substitute bonds exchanged therefor, as well as all other sub-
stitute bonds and replacement bonds issued pursuant hereto, and
the term "Bond" shall mean any of the Bonds
Section 3 INITIAL DATE, DENOMINATION, NUMBER, MATURI-
TIES, INITIAL REGISTERED OWNER, AND CHARACTERISTICS Or THE
INITIAL BOND (a) The Initial. Bond is hereby authorized to be
issued, sold, and delivered hereunder as a single fully regis-
tered Bond, without interest coupons, dated July 1, 1984, in
the denomination and aggregate principal amount of $1,785,000,
numbered R-1, payable in annual installments of principal to
the initial registered owner thereof, to -wit -
Prudential Bache Securities Inc ,
or to the registered assignee or assignees of said Bond or any
portion or portions thereof (in each case, the "registered
owner"), with the annual installments of principal of the
initial Bond to be payable on the dates, respectively, and in
the principal amounts, respectively, stated in the FORM OF
INITIAL BOND set forth in this Ordinance
(b) The Initial Bond (i) may be prepaid or redeemed prior
to the respective scheduled due dates of installments of
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