HomeMy WebLinkAbout14515 ORD - 09/20/1978jkh:9- 20 -78; 1st
AN ORDINANCE
AUTHORIZING THE EMPLOYMENT OF HOBBY H. McCALL TO
PROVIDE BOND ATTORNEY SERVICES AND M. E. ALLISON, SR.,
TO PROVIDE FINANCIAL ADVISOR SERVICES; APPROPRIATING
$34,300 OUT OF THE NO. 102 GENERAL FUND TO PAY THE
ESTIMATED COSTS OF SELLING OF BONDS AND CERTIFICATES OF
OBLIGATION, WITH REIMBURSEMENT TO BE MADE TO THE NO. 102
GENERAL FUND OUT OF THE PROCEEDS OF THE SALE; AND
DECLARING AN EMERGENCY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
TEXAS:
SECTION 1. That the employment of Hobby H. McCall to provide
bond attorney services and M. E. Allison, Sr., to provide financial
advisor services in connection with the sale of $5,050,000 of General
Improvement Bonds and $950,000 of Certificates of Obligation on November 8,
1978, is hereby approved.
SECTION 2. That there is hereby appropriated the sum of $34,300
out of the No. 102 General Fund to pay the estimated costs of selling of
Bonds and Certificates of Obligation as aforesaid, with reimbursement to
be made to the No. 102 General Fund out of the proceeds of the sale.
SECTION 3. The necessity to authorize employment of the aforesaid
bond attorney and financial advisor and to provide sufficient funds for their
fees related to the sale of general improvement bonds and certificates of
obligation creates a public emergency and an imperative public necessity
requiring the suspension of the Charter rule that no ordinance or resolu-
tion 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, and having requested the suspension of the Charter rule and
that this ordinance 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 Keptember, 1978.
ATTEST:
LIrty Secretary MA OR
APPROVED:
THE CITY OF C vr1EMED
20th DAY OF SEPTEMBER, 1978:
J. BR CE AYCOCK, CITY ATTORNEY Q�
By
A tant City Att ney 14515
CITY OF CORPUS CHRISTI, TEUS
CERTIFICATION OF FUNDS
(City Charter Article IV Section 21)
September 15, 1978
I certify to the City Council that $ 34,300.00 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 For the purpose of paying estimated costs of selling
WWROMM . $5,050,000 general improvement bonds and $950.00
Certificates of Obligation on November y 1978 to be
DMOMMMKIM reimbursed out of the proceeds of the salea
from which it is proposed to be drawn, and such money is not appropriated for
any other purpose.
September 15 , 19 78
Director o Fin
i
FIN N 2-
55
Revised 7/31/69
Corpus Christi, Texa
20 day of 19 7.P
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 CIT OF C RISTI, TEXAS
The Charter rule was suspended
Gabe Lozano, Sr.
Bob Gulley
David Diaz
Ruth Gill
Joe Holt
Tony Juarez, Jr.
Edward L. Sample
The above ordinance was passed
Gabe Lozano, Sr.
Bob Gulley
David Diaz
Ruth Gill
Joe Holt
Tony Juarez, Jr.
Edward L. Sample