HomeMy WebLinkAbout15120 ORD - 09/19/1979• , I •
AN ORDINANCE
APPROPRIATING $59,245 OUT OF THE NO. 102 GENERAL FUND,
UNAPPROPRIATED FUND BALANCE, TO PAY THE ESTIMATED COSTS
OF SELLING $13,325,000 OF BONDS AND CERTIFICATES ON
NOVEMBER 21, 1979, INCLUDING BOND ATTORNEY AND FINANCIAL
ADVISORY SERVICES, PRINTING OF THE BONDS, BOND RATING
SERVICES' FEES AND RELATED EXPENSES 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 there is hereby appropriated the sum of $59,2/.5
out of the No. 102 General Fund, Unappropriated Fund Balance, to pay the
estimated costs of selling $13,325,000 of bonds and certificates on November
21, 1979, including bond attorney and financial advisory services, printing
of the bonds, bond rating services' fees and related expenses with reimburse-
ment to be made to the No. 102 General Fund out of the process of the sale.
SECTION 2. The necessity to appropriate the sums hereinabove
outlined at the earliest practicable date 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, 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 /q day of,
1979.
ATTEST:
C ty Secr t� ary
APPROVED:
DAY OF SEPTEMBER, 1979:
J. BRUC YCOC , CITY ATTORNEY
By ,(,) • Arr
Assistant C i ttorney
MAY
THE Y OF WC/Mk TEXAS
15120
ow *Re
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CITY OF CORPUS CHRISTI, TEXAS
CERTIFICATION OF FUNDS
(City Charter Article IV Section 21)
September 12, 1979
I certify to the City Council that $ 59,245 , 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
MMROMOICOOL $7,375,000 general improvement bonds and $5,930,000
Certificates of Obligation on November 21, 1979 to be
Project Name reimbursed out of the proceeds of the sale.
from which it is proposed to be drawn, and such money is not appropriated for
any other purpose.
* 12 , 19 79
FIN 2-55
Revised 7/31/69
Direc or of Fi
TO THE MEMBERS OF THE CITY COUNCIL
Corpus Christi, Texas
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Corpus Christi, Texas
/9 day ofm.criAnt4441„ 1919
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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,
T :PITY OF CORPUS CHRISTI, TEXAS
The Charter rule was suspendeby the following vote:
Luther Jones
Edward L. Sample
Dr. Jack Best
David Diaz
Jack K. Dumphy
Betty N. Turner
Cliff Zarsky
The above ordinance was passe, by the following vote:
Luther Jones
Edward L. Sample
Dr. Jack Best
David Diaz
Jack K. Dumphy
Betty N. Turner
Cliff Zarsky
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