May 19, 2017 – City of Alton – Ordinance 2017-03-0425

ORDINANCE 2017-03-0425

ORDINANCE AUTHORIZING ISSUANCE, SALE AND DELIVERY OF CITY OF ALTON, TEXAS COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2017; PAYABLE FROM THE LEVY OF A DIRECT AND CONTINUING ANNUAL AD VALOREM TAX WITHIN THE LIMITS PRESCRIBED BY LAW AND FURTHER SECURED BY A SUBORDINATE LIEN ON AND PLEDGE OF THE PLEDGED REVENUES DERIVED BY THE CITY FROM THE OPERATION OF THE CITY’S SEWER SYSTEM; PRESCRIBING THE TERMS AND FORM THEREOF; PROVIDING FOR THE PAYMENT OF THE PRINCIPAL THEREOF AND INTEREST THEREON; AND MAKING OTHER PROVISIONS REGARDING SUCH CERTIFICATES AND MATTERS INCIDENT THERETO, WAIVING SECOND AND THIRD READING. READ, APPROVED, AND PASSED on this the 25th day of April, 2017.

Salvador Vela, Mayor
ATTEST: Baudelia Rojas TRMC|CPM, City Secretary