City of Alton Ordinance 2019-03-0108

ORDINANCE AUTHORIZING ISSUANCE, SALE AND DELIVERY OF CITY OF ALTON, TEXAS COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2019; PAYABLE FROM THE LEVY OF A DIRECT AND CONTINUING ANNUAL AD VALOREM TAX WITHIN THE LIMITS PRESCRIBED BY LAW AND A LIMITED PLEDGE OF THE NET REVENUES FROM THE CITY’S WATERWORKS AND SEWER SYSTEM; PRESCRIBING THE TERMS AND FORM THEREOF; PROVIDING FOR THE PAYMENT OF THE PRINCIPAL THEREOF AND INTEREST THEREON; AUTHORIZING THE EXECUTION OF A PURCHASE AGREEMENT TO BE USED IN CONNECTION WITH THE SALE OF THE CERTIFICATES; AND MAKING OTHER PROVISIONS REGARDING SUCH CERTIFICATES AND MATTERS INCIDENT THERETO, WAIVING SECOND AND THIRD READING.

READ, APPROVED, AND PASSED on this the 8th day of January, 2019.

Salvador Vela, Mayor,
City of Alton, Texas
ATTEST: Baudelia Rojas
CPM,TRMCCMC, City Secretary
CITY OF ALTON
ORDINANCE 2019-03-0108