HomeMy WebLinkAbout65-101 07-13-1965Resolution No.101
RESOLUTION AUTHORIZING ISSUANCE OF NOTICE OF THE CITY OF
EULESS'S INTENTION TO PURCHASE, CONSTRUCT AND /OR OTHERWISE
ACQUIRE A WATERWORKS AND SANITARY SEWER SYSTEM, AND TO ISSUE
WATERWORKS AND SEWER SYSTEM REVENUE BONDS TO PROVIDE FUNDS
THEREFOR
THE STATE OF TEXAS
CITY OF EULESS X
X
COUNTY OF TARRANT X
ON THIS, the 13th day of July, 1965, the City Council of
the City of Euless, Texas, convened in Regular session at the
regular meeting place thereof in the City Hall, there being
present and in attendance the following members, to wit:
W. G. FULLER MAYOR
BILL L. BYERS )
FRANK E. DOUGLASS )
BOBBY R. FULLER ) Councilmen
:HAROLD D. SAMUELS
X1tXXV/ )
and
(MRS.) VADA FERRIS City Secretary
also being present; and with the following absent:
Don R. Warren constituting a quorum;
at which time the following, among other business, was trans-
acted:
MAYOR FULLER introduced a resolution which was read in
full. Councilman Douglass moved its adoption. The motion
was seconded by Councilman Samuels and carried by the fol-
lowing vote:
AYES: Councilmen Byers Douglass, Fuller, Samuels
XdCiUX7 i MOW
NAYS: None
The RESOLUTION is as follows:
"A RESOLUTION by the City Council of the City of Euless,
Texas, authorizing the Mayor to publish notice of the
City's intention to purchase, construct and /or other-
wise acquire a waterworks and sanitary sewer system,
and to issue, sell and deliver waterworks and sewer
system revenue bonds to provide funds therefor"
WHEREAS, this City Council has determined and now finds it
to the best interest of the City of Euless to acquire and own
a municipal waterworks and sanitary sewer system to serve the
City and its environs; and
WHEREAS, this Council has further determined that the ac-
quisition of such properties should be financed by the issuance,
sale and delivery of special bond obligations of the City pay-
able solely from and secured by a first lien on and pledge of
the income of such system after deduction of reasonable and
necessary expenses of operation and maintenance; and
WHEREAS, it is now appropriate to give notice of the City's
intention as aforementioned, pursuant to the provisions of Sec-
tion 11, of Article 2368a and Article 1112 V.A.T,C.S., as amended;
therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EULESS:
1. That the Mayor be, and he is hereby authorized to
do all things necessary to accomplish publication of notice,
the terms and recitations of which are hereby ratified, approved
and confirmed as the judgment of this City Council and made a
part of this resolution, as follows, to wit:
2. That such notice is to be published in a newspaper
of general circulation, published in the City of Euless, Texas
once a week for two (2) consecutive weeks, the date of the
first publication to be at least fourteen (14) days prior
zo the date set for passage of the ordinance authorizing the
issuance of the bonds referred to in such notice.
3. That further action be reserved until the 29th day
of July, 1965, the date set for the passage of said ordinance.
PASSED AND APPROVED, this the 13th day of July, 1965.
ATTEST :
City Secretary, City of Euless
Texas
(City Seal)
Mayor, Cit of Euless, Texas