HomeMy WebLinkAbout12697 ORD - 07/09/197549;� jkh:7 -9 -75; 1st
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AN ORDINANCE
APPROPRIATING $14,770 OUT OF THE PROCEEDS OF THE SALE
OF $2,000,000 TAX CERTIFICATES OF OBLIGATION BEING SOLD
JULY 9, 1975, FOR THE PURPOSE OF PAYING BOND ATTORNEY'S
FEES ESTIMATED AT $6,800 AND FINANCIAL ADVISOR'S FEES
ESTIMATED AT $7,970; AND DECLARING AN EMERGENCY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
TEXAS:
SECTION 1. There is hereby appropriated the sum of $14,770 out of
the proceeds of the sale of $2,000,000 Tax Certificates of Obligation being
sold July 9, 1975, for the purpose of paying Bond Attorney's fees estimated
at $6,800 and Financial Advisor's fees estimated at $7,970.
SECTION 2. The necessity for making the appropriation as described
herei.nabove creates a public emergency and an imperative public necessity
requiring the suspension of the Charter rule that no ordinance or resolution
shall be passed finally on the date of its introduction but that such ordi-
nance or resolution shall be read at three several meetings of the City
Council, and the Mayor having declared such emergency and necessity to exist,
and having requested the suspension of the Charter rule and that this ordi-
nance be passed finally on the date of its introduction and take effect
and be in full force and effect from and after its passage, IT IS ACCORDINGLY
SO ORDAINED, this the '? day of July, 1975.
ATTEST:
t�e ary 4YOR Te7n
THE CITY OF CORPUS CHRISTI, TEXAS
AP
DAY OF JULY, 1975:
A.
Acting City Attorney�-
12697
CITY OF CORPUS CHRISTI, TEXAS
CERTIFICATION OF FUNDS
(City Charter Article IV Section 21)
July 9, 1975 r
I_certify to the City Council that $ 14,770.00 - , the amount required
for the contract, agreement, obligation or expenditures•contemplated in the
above and foregoing ordinance is in the Treasury of the City of Corpus Christi
to the credit of:
Fund No. and Name Proceeds from Sale of $2,000,000 Certificates of
Obligation
Project No.
Project Name
from which it is proposed to b& drawn, and such money is not appropriated for
any other purpose.' For services of Hobby McCall, Bond Attorney and
M. E. Allison, Sr., Financial Advisor in
connection with the above sale.
July 9 , 19 75
Director of/Finance
• 4• . 4
FIN 2 -55
Revised 7/31/69 -
L
CORPUS CHRISTI, TEXAS
r' l or
TO THE MEWERS OF THE CITY COUNCIL
COPPUS CHRISTI, TEXAS
FOR THE REASONS SET FORTH IN THE EMERGENCY CLAUSE OF THE FOREGOING
ORCINANCE, A PUBLIC EMERGENCY AND IMPERATIVE NECESSITY EXIST FOR THE SUSPEN-
SION OF THE CHARTER RULE OR REQUIREMENT THAT NO ORDINANCE OR RESOLUTION SHALL
BE PASSED FINALLY ON THE DATE IT IS INTRODUCED, AND THAT SUCH ORDINANCE OR
RESOLUTION SHALL BE READ AT THREE MEETINGS OF THE CITY COUNCIL; 1, THEREFORE,
REQUEST THAT YOU SUSPEND SAID CHARTER RULE OR REQUIREMENT AND PASS THIS ORDI-
NANCE FINALLY ON THE DATE IT IS INTRODUCED, OR AT THE PRESENT MEETING OF THE
CITY COUNCIL.
RESPECTFULLY,
i
I
YOR
THE CITY OF CORPUS CHRISTI, TEXAS
THE CHARTER RULE WAS SUSPENDED BY THE FOLLOWING VOTE:
.JASON LUBY
DR. BILL TIPTON
EDUARDO DE ASES
RUTH GILL
BOB GULLEY
GABE LOZANO, SR.
EDWARD L. SAMPLE
THE ABOVE ORDINANCE WAS PASSED BY THE 9LLOWING VOTE:
JASON LUBY
DR. BILL TIPTON
EDUARDO DE ASES
RUTH GILL
BOB GULLEY
GABE LOZANO, SR.
EDWARD L. SAMPLE
_z�
CITY OF CORPUS CHRISTI, TEXAS
�8sy
MAYOR CITY MANAGER
J460N LUBY R. MARVIN TOWN9END
i(S CITY COUNCIL July 9, 1975 CITY SECRETARY
r" D NRDD DpD ASES
CITY OFFICES
RUTH DILL E 302 SOUTH SHORELINE
BOB OULLEY POST DFICE BOX 9377
DARE LOZANO, SR. PHONE M123 8843011
EDWARD L. SAMPLE ZIP CODE 78408
The Members of the City Council
Corpus Christi, Texas
For the reasons set forth in the emergency clause of the
foregoing ordinance, a public emergency and imperative necessity
exist for the suspension of the Charter rule or requirement that no
ordinance or resolution shall be passed finally on the date it is
introduced, and that such ordinance or resolution shall be read at
three several meetings of the City Council; I, therefore, request
that you suspend said Charter rule or requirement and pass this
ordinance finally on the date it is introduced, or at the present
meeting of the City Council.
Respectfully,
Bill Tipton
MAYOR Pro Tem
THE CITY OF CORPUS CHRISTI,
TEXAS
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