HomeMy WebLinkAbout13726 ORD - 05/11/1977• JRH:hb:5/10/77.
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AN ORDINANCE
AUTHORIZING THE EMPLOYMENT OF HOBBY H. McCALL AND
M. E. ALLISON, SR., TO PROVIDE BOND ATTORNEY SER-
VICES AND FINANCIAL ADVISORY SERVICES, RESPECTIVELY,
FOR THE SALE OF $8,000,000 COMMUNITY- CONVENTION
FACILITY BONDS ON JUNE 15, 1977; APPROPRIATING
$28,314 OUT OF THE N0. 102 GENERAL FUND BALANCE TO
PAY THE COST OF SELLING THE SAID BONDS, WITH REIM-
BURSEMENT TO BE MADE TO THE GENERAL FUND OUT OF
THE PROCEEDS OF THE BOND SALE; AND DECLARING AN
EMERGENCY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS
CHRISTI, TEXAS:
SECTION 1. That authorization is hereby granted for employ-
ment of Hobby H. McCall and M. E. Allison, Sr., to provide bond attorney
services and financial advisory services, respectively, for the sale of
$8,000,000 Community- Con7ention Facility bonds on June 15, 1977.
SECTION 2. That there is hereby appropriated out of the No.
102 General Fund Balance the am of $28,314 to pay the cost of selling
the aforesaid bonds, with reimbursement to be made to the General Fund
out of the proceeds of the bond sale.
SECTION 3. The urgent necessity to authorize employment of
the bond attorney and financial advisor and to provide the sums necessary
therefor in order that the bond sale aforesaid may proceed without delay
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 necessity to exist,
having requested the suspension of the Charter rule and that this ordinance
take effect and be in full force and effect from and after its passage,
IT IS ACCORDINGLY SO ORDAINED this the —& day of May, 1977.
ATTEST:
City Secretary MAYOR
-�- THE CITY OF CORPUS CHRISTI, TEXAS
APPROVED: // DAY OF MAY, 1977:
This ordinance is in effect
J. BRUCE AYCOCK, CITY ATTORNEY and force with or without the
signature
ccordanc of the Mayor, 11
accordance with Article II
By Section 6 of;the City Charter.
City At ney
13726 MICROFILMED
-JUL 0 7 1996
CITY OF CORPUS CHRISTI, TOM 0
CERTIFICATION OF FUNDS
(City Charter Article IV Section 21)
I certify to the City Council that $ 28,314.00 , 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:
102 - General Fund
Fund No. and Name 1984 Unappropriated Fund Balance
Purpose: 2XCt@Mb= For the purpose of paying the cost of selling
MMMOMMM $8,000,000 of General Obligation Bonds on June,
15, 1977 11;e o be reimbursed out of the proceeds of
the Bond ,
from which it is proposed to be drawn, and such money is not appropriated for
any other purpose.
may 1977 , 19
l
4--'Ditec;tor of i
FIN 2 -55
Revised 7/31/69
Corpus Christi, Texas
_&jg� day o , 19 01
TO 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 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,
MAYOR
THE CITY OF CORPUS CHRISTI, TEXAS
The Charter rule was suspended by the following vote:
Jason Luby .fi
Eduardo de Ases
David Diaz
Ruth Gill
Bob Gulley
Gabe Lozano, Sr.
Edward L. Sample
The above ordinance was passed by the following vote:
Jason Luby
Eduardo de Ases
David Diaz
Ruth Gill
Bob Gulley
Gabe Lozano, Sr.
Edward L. Sample UL
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