HomeMy WebLinkAbout13140 ORD - 04/21/1976•
THE STATE OF TEXAS
COUNTY OF NUECES
CITY OF CORPUS CHRISTI
On this the 21st day of April, 1976, the City
Council of the City of Corpus Christi, Texas, convened in
Regular Meeting, with the following members of said Council
and officials of said City present, to -wit:
Jason Luby,
Bill Tipton, DDS,
Eduardo de Ases
Ruth Gill
Bob Gulley
Gabe Lozano, Sr.
Edward L. Sample
R. Marvin Townsend,
J. Bruce Aycock,
Harold F. Zick,
Bill G. Read,
Alton White, Jr.,
with the following absent:
Mayor
Mayor Pro -Tem
Councilmen
City Manager
City Attorney
Director of Finance
City Secretary
Tax Assessor - Collector
None
constituting a quorum, at which time the following among other
business was transacted:
Mr. Luby, Mayor, presented for the consideration of
the Council a resolution. The resolution was read by the City
Secretary. The Mayor presented to the Council a communication
in writing pertaining to said proposed resolution, as follows:
"Corpus Christi, Texas
"TO THE CITY COUNCIL
Corpus Christi, Texas
Gentlemen:
The public importance and pressing need for the
permanent improvements to be constructed by the use of the pro-
ceeds of bonds contemplated to be sold pursuant to an offering
made by an Official Statement to be authorized, ratified and
approved by a resolution create an emergency and an imperative
public necessity requiring the suspension of rules and Charter
provisions requiring resolutions to be considered and voted upon
at three regular meetings. I, therefore, request that the City
Council adopt the proposed resolution authorizing, ratifying and
approving the use of said Official Statement as an emergency
measure. You will please consider this request in connection
with the resolution which is to be introduced for adoption by
the City Council on this subject.
"Yours very truly,
/s/ Jason Luby
1 -3:i4® Mayor
Councilman tea- moved that the Charter
provision prohibiting res utions from being adopted finally
on the date introduced be suspended for the reasons stated
in the written request of the Mayor and stated in the emergency
clause of the resolution. The motion was seconded by Councilman
�J The motion was carried by an unanimous vote
by the City Council, viz:
AYES: Councilmen de Ases, Gill, Gulley, Lozano,
Sample and Tipton.
NAYS: None.
The Mayor requested that the records show that he
voted Aye. This was done.
Councilman moved that the resolution
be adopted finally. The motion was seconded by Councilman
The motion was carried by the following vote:
AYES: Councilmen de Ases, Gill, Gulley, Lozano,
Sample and Tipton.
NAYS: None.
The Mayor requested that the records show that he
voted Aye. This was done.
The Mayor announced that the resolution has been
adopted. The resolution is as follows:
RESOLUTION //O.
APPROVING THE FORM OF THE OFFICIAL
STATEMENT PERTAINING TO CITY OF CORPUS
CHRISTI, TEXAS,GENERAL IMPROVEMENT
BONDS, SERIES 1976, AND AUTHORIZING, RATIFY-
ING AND APPROVING THE OFFICIAL STATEMENT
AND THE USE THEREOF IN THE OFFERING AND
SALE OF SAID BONDS
WHEREAS, the City of Corpus Christi is authorized
to issue and sell its bonds heretofore approved at an elec-
tion held December 9, 1972, all pursuant to the Constitution
and laws of Texas; and
WHEREAS, it is the desire of the City Council that
the Official Statement pertaining to certain of said bonds
designated City of Corpus Christi, Texas, General Improvement
Bonds, Series 1976, and the use of said Official Statement
should be duly authorized, ratified and approved.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
1. That the Official Statement, including the
Bidding Conditions, as set forth herein is hereby approved as
to form and content.
2. That the use of the Official Statement in the
offering and sale of said bonds is hereby authorized, ratified
and approved.
3. That the form of the Official Statement shall be
substantially as follows, to -wit:
The State of Texas
County of Nueces
i CERTIFICATE CONCERNING OFFICIAL STATEMENT
On behalf of the City of Corpus Christi, Texas
`i
(the "City"), we the duly appointed and acting City Manager
and Director of Finance of the City do hereby certify that
.to the best of our knowledge and belief:
(a) The descriptions and statements of or pertaining
to the City contained in its Official Statement dated April 2,
•�1976,.and any addendum thereto, for its City of Corpus Christi,
..Texas, General Improvement Bonds, Series 1976, on the date
of such Official Statement, on the date of sale of said•
bonds and the acceptanceof the'best bid therefor, and on
the date of the delivery, were and are true and correct
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in all material respects;
;t
i (b) Insofar as the City and its affairs, including
a
fits financial affairs, are concerned, such Official Statement
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did not and does not contain an untrue statement of a material
fact or omit to state a material fact required to be stated
;,therein or necessary to make the statements therein, in
the light of the circumstances under which they were made,
:root misleading; and
(c) Insofar as the descriptions and statements,
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'including financial data, of or pertaining to semi- autonomous
governmental bodies and of or pertaining to non - governmental
?bodies and their activities contained in such Official State-
ment are concerned, such statements and data have been obtained_
,I
from sources which we believe to be reliable and that we
have no reason to believe that they are untrue in any material
respect.
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(d) There has been no material adverse change in
the financial condition of the City since July 31, 1975, the
;date of the last audited financial statements of the City
appearing in the Official Statement.
(e) The said Official Statement has been authorized,
ratified and approved by the City Council of the City of Corpus
Christi,. Texas.
DATED the day of , 1976.
By
City Manager
City of Corpus Christi
By
Director of Finance
City of Corpus Christi
(SEAL)
ATTEST:
i`
i'City Secretary
+City of Corpus Christi
4. That the necessity to approve at the earliest
practicable date the form and content of the Official Statement
as contained herein 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 ordinance or
resolution shall be read at three several meetings of the City
Council and the Mayor having declared such emergency and neces-
sity exist, having requested the Charter rule suspension
and that this resolution be passed finally on the date of it
introduction and take effect and be in full force and effect
from and after its passage, IT IS ACCORDINGLY SO RESOLVED,
this the 21st day of April, 1976.
THE CITY OF CORPUS CHRISTI, TEXAS
ATTEST:
Q 7/!'Ge 11 dan 7�
City Secretary
City of Corpus Christi, Takas
The foregoing resolution was approved prior to
adoption as to form and correctness this the 21st day of April,
1976.
i y Attorney
City of Corpus isti, Texas
TO THE MEMBERS OF THE CITY COUNCIL
CORPUS CHRISTI, TEXAS
4' .. •
CORPUS CHRISTI, TEXAS
AY OF a 9-071f-1
FOR THE REASONS SET FORTH IN THE EMERGENCY CLAUSE OF THE FOREGOING
ORDINANCE, A PUBLIC EMERGENCY AND IMPERATIVE NECESSITY EXIST FOR THE SUSPEN-
SION OF THE CHARTER RULE OR REQUIREMENT TNAT NO ORDINANCE OR RESOLUTION SHALL
BE PASSED FINALLY ON THE DATE IT IS INTRODUCED, AND THAT SUCH ORDINANCE OR
RESOLUTION SMALL BE READ AT THREE MEETINQS OF THE CITY COUNCIL; I, THEREFORE,
REQUEST THAT YOU SUSPEND SAID CHARTER RULE OR REQUIREMENT AND PASS THIS OR01-
NA14CE FINALLY ON THE DATE IT IS INTRODUCED, OR AT THE PRESENT MEETING OF THE
CITY COUNCIL.
RESPECTFULLY,
MAYOR
THE CITY OF CORPUS CHRISTI, TEXAS
THE CHARTER RULE WAS SUSPENDED
BY THE FOLLOWING VOTE:
JASON LUBY
OR. BILL TIPTON
EDUARDO DE ASES
RUTH GILL
BOB - GULLEY
GABE LOZANO, SR.
EDWARD L. SAMPLE
THE ABOVE ORDINANCE WAS PASSED
BY THE FOLLOWING VOTE:
JASON LUBY
OR. BILL TIPTON
EDUARDO DE ASES
RUTH GILL
BOB- GULLEY
GABE LOZANO, SR.
EDWARD L. SAMPLE