R-1348-8-95RESOLUTION NO. 1348-8-95(R)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALLEN,
COLLIN COUNTY, TEXAS, APPROVING AND AUTHORIZING THE GIVING
OF NOTICE OF INTENTION TO ISSUE REVENUE BONDS.
WHEREAS, the City Council of the City of Allen, Texas, has determined that revenue bonds should be issued
in accordance with the provisions of Articles 1111 et seq. and 2368a, V.A.T.C.S. to finance the costs of
making improvements and extensions to the City's combined Waterworks and Sewer System; and
WHEREAS, prior to the issuance of said revenue bonds, the Council is required to give notice of its intention
to issue the same in the manner and time provided by law;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALLEN,
COLLIN COUNTY, TEXAS THAT:
SECTION 1: The City Secretary is hereby authorized and directed to cause notice to be given of the Council's
intention to meet at 7:30 p.m. on the 21st day of September, 1995, and, during such meeting, consider the
passage and adoption of an ordinance authorizing the issuance of revenue bonds in an amount not to exceed
$4,100,000 for the purpose of making improvements and extensions to the City's combined Waterworks and
Sewer System. The notice hereby approved and authorized to be given shall read substantially in the form and
content of Exhibit A attached hereto and incorporated herein by reference as a part of this Resolution for all
purposes.
SECTION 2: Such notice shall be published once a week for two consecutive weeks in a newspaper published
and having general circulation in the City of Allen, Texas, the date of the first publication of such notice to be
at least fourteen (14) days prior to the date stated therein for the passage of the ordinance authorizing the
issuance of the revenue bonds.
DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, ON THIS THE 3RD DAY OF AUGUST, 1995.
APPROVED:
oe Farmer, MAYOR
ATTEST:
y M icon, CMC, CITY SECRETARY
RESOLUTION NO. 1348-8-95(R)
EXHIBIT A
NOTICE OF INTENTION TO ISSUE
CITY OF ALLEN, TEXAS, REVENUE BONDS
NOTICE IS HEREBY GIVEN that the City Council of the City of
Allen, Texas, shall convene at 7:30 o'clock P.M. on the 21st day
of September, 1995, at its regular meeting place in the City Hall,
One Butler Circle, Allen, Texas, and during such meeting, the
Council will consider the passage of an ordinance authorizing the
issuance of revenue bonds in a principal amount not to exceed
$4,100,000 for the purpose of making improvements and extensions
to the City's combined Waterworks and Sewer System. Such revenue
bonds shall mature not later than December 31, 2035 and bear
interest at such rate or rates (not to exceed 15% per annum) as
determined by the City Council. Such bonds shall be payable
solely from and equally secured by a lien on and pledge of the net
revenues of the City's combined Waterworks and Sewer System.
The holder of such bonds shall never have the right to
demand payment out of any funds raised or to be raised by
taxation.
This Notice is issued pursuant to authority and direction
of the City Council of the City of Allen, Texas, and in accordance
with the provisions of Article 2368a, V.A.T.C.S.
dy Morrison
City Secretary,
City of Allen, Texas
0265120