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HomeMy WebLinkAbout020888 ORD - 03/13/1990THE STATE OF TEXAS COUNTY OF NUECES CITY OF CORPUS CHRISTI . On this the 13th day of March, 1990, the City Council of the City of Corpus Christi, Texas convened in Regular Meeting, with the following members of said Council present, to -wit: Betty Turner Clif Moss, Frank Schwing, Leo Guerrero, Edward A. Martin Joe McComb, Tom Hunt, Mary Rhodes, Cezar Galindo, Juan Garza, Hal George, Jorge G. Garza, Armando Chapa, Mayor, Councilmembers, City Manager, City Attorney, Director of Finance, City Secretary, with the following absent: Edward A. Martin, constituting a quorum, at which time the following among other business was transacted: City Manager Juan Garza presented for the consideration of the Council an ordinance. The ordinance was read by the City Secretary. The Mayor presented to the Council a communication in writing pertaining to said proposed ordinance, as follows: "Corpus Christi, Texas March 13, 1990 "TO THE CITY COUNCIL Corpus Christi, Texas Councilmembers: "The public importance and pressing need for the issuance of bonds to facilitate further financing for permanent improvements creates an emergency and an imperative public necessity requiring the suspension of rules and Charter provisions requiring ordinances to be considered and voted upon at three regular meetings. I, therefore, request that the City Council pass the proposed ordinance authorizing the issuance of bonds as an emergency measure. You will please consider this request in connection with the ordinance which is to be introduced for passage by the City Council on the subject. "Yours very truly, /s/ Betty Turner Mayor" MICROFILMED Councilmember McComb moved that the Charter provision prohibiting ordinances from being passed 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 ordinance. The motion was seconded by Councilmember Guerrero. The motion was carried by a unanimous vote by the City Council, viz.: AYES: All members of the City Council shown present above voted "Aye". NAYS: None. Councilmember McComb moved that the ordinance be passed finally. The motion was seconded by Councilmember Guerrero. The motion was carried by the following vote: AYES: All members of the City Council shown present above voted "Aye". NAYS: None. The Mayor announced that the ordinance had been passed. The ordinance is as follows: ORDINANCE NO. 20888 AN ORDINANCE PROVIDING FOR THE ISSUANCE OF $9,425,000.00 GENERAL IMPROVEMENT BONDS, SERIES 1990, OF THE CITY OF CORPUS CHRISTI, TEXAS, BEARING INTEREST AT THE RATES HEREIN- AFTER SET FORTH, AND PROVIDING FOR THE LEVY, ASSESSMENT AND COLLECTION OF A TAX SUFFICIENT TO PAY THE INTEREST ON SAID BONDS AND TO CREATE A SINKING FUND FOR THE REDEMPTION THEREOF AT MATURITY; REPEALING ALL ORDINANCES IN CONFLICT HEREWITH; DECLARING AN EMERGENCY; AND ALL OTHER MATTERS RELATED THERETO. WHEREAS, it is deemed advisable and to the best inter- est of the City of Corpus Christi, Texas (the "City"), that bonds authorized at elections held in the City on April 5, 1986 and April 6, 1987, respectively, be sold at this time, with the amounts of bonds authorized thereat, the purposes authorized, and the amount now to DATE OF AMOUNT ELECTION AUTHORIZED 4-5-86 $15,890,000 4-5-86 5,560,000 4-5-86 4,000,000 4-5-86 9,900,000 4-5-86 4,785,000 4-5-86 14,875,000 4-5-86 49,935,000 4-6-87 1,000,000 4-6-87 420,000 $106,365,000 PURPOSE be sold being as follows: Wastewater $ Draing. & Strm. Sew. 3,315,000 Aquarium 4,000,000 Pub.Health & Saf. 8,270,000 AMOUNT PRE- AMOUNT NOW VIOUSLY SOLD OFFERED 13,295,000 $ 2,595,000 350,000 -0- -0- 1,610,000 -0- 4,870,000 -0- -0- Airport Parks & Recrea. Streets Library Books Senior Centers 1,310,000 9,320,000 16,515,000 500,000 50,000 $ 56,575,000 $9,425,000 BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: 1. That the bonds of the City to be called "General Improvement Bonds, Series 1990" (the "Bonds"), in the aggregate principal amount of $9,425,000.00 be issued under and by virtue of the Constitution and laws of the State of Texas and the Charter of 1 the City for the purpose of providing funds for permanent improve- ments, to-wit: for the purpose of providing $2,595,000 for wastewater improvements, including: Westside Plant Expansion; Sewer Main Rehabilitation: West Allison Trunk Sanitary Sewer Number 2; South Side Treatment Plant Land Acquisition; and other wastewater improvements; $350,000 for constructing drainage and storm sewer improvements including Turkey Creek; Mary Carroll Channel; Richter Channel Widening; Joint City/State Projects; Flour Bluff and Clarkwood; Baldwin Farms Area Drainage Outfall at South Padre Island Drive; McKenzie Road-Leopard Area; and other drainage and storm sewer improvements; $1,610,000 for constructing airport improvements at the City's International Airport, including taxiway rehabilitation for Runways 12-31 and 17-35; repairs/grooving Runway 17-35; concourse extension/gate; extension of commercial apron; and other airport improvements; and $4,870,000 for improving the streets of the City including Waldron Road, from Compton Road to Purdue Road, including drainage improvements; McArdle Road from Ayers Street to Carroll Lane and from Carroll Lane to Everhart Road; Ayers Street from Santa Fe to Norton Street; Agnes Street from Port Avenue to Airport Road; Whitecap Avenue; Greenwood Drive from South Padre Island Drive to Saratoga Boulevard; neighborhood street improvements; Joint City/State Projects; and other street and sidewalk improvements. 2. That the Bonds shall be issued as fully registered bonds without interest coupons and shall be dated March 1, 1990. 2 3. That the Bonds shall be in the denomination of $5,000 or any integral part thereof, numbered consecutively from R-1 upward, shall mature and be payable on the maturity dates, and in the amounts, and bear interest at the rates per annum, respectively, as follows: MATURITY INTEREST MATURITY DATE AMOUNT RATE(%1 DATE March 1, 1991 March 1, 1992 March 1, 1993 March 1, 1994 March 1, 1995 March 1, 1996 March 1, 1997 March 1, 1998 March 1, 1999 March 1, 2000 $100,000 100,000 100,000 100,000 100,000 325,000 350,000 375,000 400,000 475,000 9.00 9.00 9.00 9.00 9.00 9.00 9.00 9.00 9.00 7.75 March 1, 2001 March 1, 2002 March 1, 2003 March 1, 2004 March 1, 2005 March 1, 2006 March 1, 2007 March 1, 2008 March 1, 2009 March 1, 2010 INTEREST AMOUNT RATE(%1 $500,000 525,000 575,000 625,000 675,000 700,000 750,000 825,000 875,000 950,000 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 Said interest shall be payable to the registered owner of each such Bond in the manner provided and on the dates stated in the FORM OF BOND set forth in this Ordinance. 4. That the City reserves the right to maturing on or after March 1, 2001, in whole or 1, 2000, or on any redeem the in part, on interest payment date thereafter, Bonds March at a redemption price equal to the principal amount thereof and accrued interest thereon to the date fixed for redemption. The years of maturity of the Bonds called for redemption at the option of the City prior to stated maturity shall be selected by the City. The Bonds or portions thereof redeemed within a maturity shall be selected at random and by lot by the Paying Agent/Registrar. At least 30 days prior to the date fixed for any such redemption, (i) a written notice of such redemption shall be given to the registered owner of each Bond or a portion thereof being 3 called for redemption by depositing such notice in the United States mail, first-class postage prepaid, in the name of the City and at the City's expense addressed to each such registered owner at his address shown on the registration books of the Paying Agent/Registrar (hereinafter defined) and (ii) notice of such redemption shall be published one (1) time in a financial journal or publication of general circulation in the United States of America carrying as a regular feature notices of municipal bonds called for redemption; provided, however, that the failure to send, mail, or receive such notice described in (i) above, or any defect therein or in the sending or mailing thereof, shall not affect the validity or effectiveness of the proceedings for the redemption of any Bond, and it is hereby specifically provided that the publication of notice described in (ii) above shall be the only notice actually required in connection with or as a prerequisite to the redemption of any Bonds. By the date fixed for any such redemption due provision shall be made by the City with the Paying Agent/Registrar for the payment of the required redemption price for the Bonds or the portions thereof which are to be so redeemed, plus accrued interest thereon to the date fixed for redemption. If such written notice of redemption is given, and if due provision for such payment is made, all as provided above, the Bonds, or the portions thereof, which are to be so redeemed, thereby automatically shall be redeemed prior to their scheduled maturities, and shall not bear interest after the date fixed for their redemption, and shall not be regarded as being outstanding 4 except for the right of the registered owner to receive the redemption price plus accrued interest to the date fixed for redemption from the Paying Agent/Registrar out of the funds provided for such payment. The Paying Agent/Registrar shall record in the registration books all such redemptions of principal of the Bonds or any portion thereof. If a portion of any Bond shall be redeemed a substitute Bond or Bonds having the same maturity date, bearing interest at the same rate, in any denomination or denominations in any integral multiple of $5,000, at the written request of the registered owner, equal to the unredeemed portion thereof, will be issued to the registered owner upon the surrender thereof for cancellation, at the expense of the City, all as pro- vided in this Ordinance. 5. (a) The City shall keep or cause to be kept at the principal corporate trust office of First City, Texas-Corpus Christi, Corpus Christi, Texas, or such other bank, trust company, financial institution, or other agency named in accordance with the provisions of (g) of this Section hereof (the "Paying Agent/Registrar") books or records of the registration and transfer of the Bonds (the "Registration Books"), and the City hereby appoints the Paying Agent/Registrar as its registrar and transfer agent to keep such books or records and make such transfers and registrations under such reasonable regulations as the City and Paying Agent/Registrar may prescribe; and the Paying Agent/ Registrar shall make such transfers and registrations as herein provided. It shall be the duty of the Paying Agent/ Registrar to 5 obtain from the registered owner and record in the Registration Books the address of such registered owner of each bond to which payments with respect to the Bonds shall be mailed, as herein provided. The City or its designee shall have the right to inspect the Registration Books during regular business hours of the Paying Agent/Registrar, but otherwise the Paying Agent/Registrar shall keep the Registration Books confidential and, unless otherwise required by law, shall not permit their inspection by any other entity. Registration of each Bond may be transferred in the Registration Books only upon presentation and surrender of such bond to the Paying Agent/Registrar for transfer of registration and cancellation, together with proper written instruments of assign- ment, in form and with guarantee of signatures satisfactory to the Paying Agent/ Registrar, evidencing the assignment of such bond, or any portion thereof in any integral multiple of $5,000 denomina- tion to the assignee or assignees thereof, and the right of such assignee or assignees to have such bond or any such portion thereof registered in the name of such assignee or assignees. Upon the assignment and transfer of any Bond or any portion thereof, a new substitute bond or bonds shall be issued in exchange therefor in the manner herein provided. (b) The entity in whose name any Bond shall be registered in the Registration Books at any time shall be treated as the absolute owner thereof for all purposes of this Ordinance, whether or not such bond shall be overdue, and the City and the Paying Agent/Registrar shall not be affected by any notice to the 6 contrary; and payment of, or account of, the principal of, premium, if any, and interest on any such bond shall be made only to such registered owner. All such payments shall be valid and effectual to satisfy and discharge the liability upon such bond to the extent of the sum or sums so paid. (c) The City hereby further appoints the Paying Agent/Registrar to act as the paying agent for paying the principal of and interest on the Bonds, and to act as its agent to exchange or replace Bonds, all as provided in this Ordinance. The Paying Agent/Registrar shall keep proper records of all payments made by the City and the Paying Agent/Registrar with respect to the Bonds, and of all exchanges of such bonds, and all replacements of such bonds, as provided in this Ordinance. (d) Each Bond may be exchanged for fully registered bonds in the manner set forth herein. Each bond issued and delivered pursuant to this Ordinance, to the extent of the unredeemed principal amount thereof, may, upon surrender of such bond at the principal corporate trust office of the Paying Agent/Registrar, together with a written request therefor duly executed by the registered owner or the assignee or assignees thereof, or its or their duly authorized attorneys or representatives, with guaran- tee of signatures satisfactory to the Paying Agent/Registrar, at the option of the registered owner or such assignee or assignees, as appropriate, be exchanged for fully registered bonds, without interest coupons, in the form prescribed in the FORM OF BOND set forth in this Ordinance, in the denomination of $5,000, or any 7 integral multiple thereof (subject to the requirement hereinafter stated that each substitute bond shall have a single stated maturity date), as requested in writing by such registered owner or such assignee or assignees, in an aggregate principal amount equal to the unredeemed principal amount of any Bond or Bonds so surrendered, and payable to the appropriate registered owner, assignee, or assignees, as the case may be. If a portion of any Bond shall be redeemed prior to its scheduled maturity as provided herein, a substitute bond or bonds having the same maturity date, bearing interest at the same rate, in the denomination or denominations of any integral multiple of $5,000 at the request of the registered owner, and in an aggregate principal amount equal to the unredeemed portion thereof, will be issued to the registered owner upon surrender thereof for cancellation. If any Bond or portion thereof is assigned and transferred, each bond issued in exchange therefor shall have the same maturity date and bear interest at the same rate as the bond for which it is being exchanged. Each substitute bond shall bear a letter and/or number to distinguish it from each other bond. The Paying Agent/Registrar shall exchange or replace Bonds as provided herein, and each fully registered bond or bonds delivered in exchange for or replacement of any Bond or portion thereof as permitted or required by any provision of this Ordinance shall constitute one of the Bonds for all purposes of this Ordinance, and may again be exchanged or replaced. It is specifically provided, however, that any Bond delivered in exchange for or replacement of another Bond prior to 8 the first scheduled interest payment date on the Bonds (as stated on the face thereof) shall be dated the same date as such Bond, but each substitute bond so delivered on or after such first scheduled interest payment date shall be dated as of the interest payment date preceding the date on which such substitute bond is de- livered, unless such substitute bond is delivered on an interest payment date, in which case it shall be dated as of such date of delivery; provided, however, that if at the time of delivery of any substitute bond the interest on the Bond for which it is being ex- changed has not been paid, then such substitute bond shall be dated as of the date to which such interest has been paid in full. On each substitute bond issued in exchange for or replacement of any Bond or Bonds issued under this Ordinance there shall be printed thereon a Paying Agent/Registrar's Authentication Certificate, in the form hereinafter set forth. An authorized representative of the Paying Agent/Registrar shall, before the delivery of any such substitute bond, date such substitute bond in the manner set forth above, and manually sign and date such Certificate, and no such substitute bond shall be deemed to be issued or outstanding unless such Certificate is so executed. The Paying Agent/Registrar promptly shall cancel all Bonds surrendered for exchange or replacement. No additional ordinances, orders, or resolutions need be passed or adopted by the City Council or any other body or person so as to accomplish the foregoing exchange or replacement of any Bond or portion thereof, and the Paying Agent/Registrar shall provide for the printing, execution, and delivery of the 9 substitute bonds in the manner prescribed herein, and said bonds shall be of type composition printed on paper with lithographed or steel engraved borders of customary weight and strength. Pursuant to Article 717k-6, V.A.T.C.S., and particularly Section 6 thereof, the duty of exchange or replacement of any Bonds as aforesaid is hereby imposed upon the Paying Agent/Registrar, and, upon the execution of said Paying Agent/Registrar's Authentication Certificate, the exchanged or replaced bond shall be valid, incontestable, and enforceable in the same manner and with the same effect as the Bonds which originally were delivered pursuant to this Ordinance, approved by the Attorney General, and registered by the Comptroller of Public Accounts. Neither the City nor the Paying Agent/Registrar shall be required (1) to issue, transfer, or exchange any Bond during a period beginning at the opening of business 30 days before the day of the first mailing of a notice of redemption of Bonds and ending at the close of business on the day of such mailing, or (2) to transfer or exchange any Bond so selected for redemption in whole when such redemption is scheduled to occur within 30 calendar days. (e) All Bonds issued in exchange or replacement of any other Bond or portion thereof, (i) shall be issued in fully registered form, without interest coupons, with the principal of and interest on such Bonds to be payable only to the registered owners thereof, (ii) may be redeemed prior to their scheduled maturities, (iii) may be transferred and assigned, (iv) may be exchanged for other Bonds, (v) shall have the characteristics, (vi) shall be signed and 10 sealed, and (vii) the principal of and interest on the Bonds shall be payable, all as provided, and in the manner required or indicated, in the FORM OF BOND set forth in this Ordinance. (f) The City shall pay all of the Paying Agent/Registrar's reasonable and customary fees and charges for making transfers and exchanges of Bonds, but the registered owner of any Bond requesting such transfer shall pay any taxes or other governmental charges required to be paid with respect thereto. In addition, the City hereby covenants with the registered owners of the Bonds that it will (i) pay the reasonable and standard or customary fees and charges of the Paying Agent/Registrar for its services with respect to the payment of the principal of and interest on the Bonds, when due, and (ii) pay the fees and charges of the Paying Agent/ - Registrar for services with respect to the transfer or registration of Bonds solely to the extent above provided, and with respect to the exchange of Bonds solely to the extent above provided. (g) The City covenants with the registered owners of the Bonds that at all times while the Bonds are outstanding the City will provide a competent and legally qualified bank, trust company, financial institution, or other agency to act as and perform the services of Paying Agent/Registrar for the Bonds under this Ordi- nance, and that the Paying Agent/Registrar will be one entity. The City reserves the right to, and may, at its option, change the Paying Agent/Registrar upon not less than 60 days written notice to the Paying Agent/Registrar. In the event that the entity at any time acting as Paying Agent/Registrar (or its successor by merger, 11 acquisition, or other method) should resign or otherwise cease to act as such, the City covenants that promptly it will appoint a competent and legally qualified national or state banking institution which shall be a corporation organized and doing business under the laws of the United States of America or of any state, authorized under such laws to exercise trust powers, subject to supervision or examination by federal or state Authority, and whose qualifications substantially are similar to the previous Paying Agent/Registrar to act as Paying Agent/Registrar under this Ordinance. Upon any change in the Paying Agent/Registrar, the previous Paying Agent/Registrar promptly shall transfer and deliver the registration books (or a copy thereof), along with all other pertinent books and records relating to the Bonds, to the new Paying Agent/Registrar designated and appointed by the City. Upon any change in the Paying Agent/Registrar, the City promptly will cause a written notice thereof to be sent by the new Paying Agent/Registrar to each registered owner of the Bonds, by United States Mail, postage prepaid, which notice also shall give the address of the new Paying Agent/Registrar By accepting the position and performing as such, each Paying Agent/Registrar shall be deemed to have agreed to the provisions of this Ordinance, and a certified copy of this Ordinance shall be delivered to each Paying Agent/Registrar. 6. The form of all Bonds, including the form of the Comptroller's Registration Certificate to accompany the Bonds on the initial delivery thereof, the form of Paying Agent/Registrar's 12 Authentication Certificate, and the Form of Assignment to be printed on each of the Bonds, shall be, respectively, substan- tially as follows, with such appropriate variations, omissions, or insertions as are permitted or required by this Ordinance. FORM OF BOND UNITED STATES OF AMERICA STATE OF TEXAS COUNTY OF NUECES CITY OF CORPUS CHRISTI, TEXAS GENERAL IMPROVEMENT BOND SERIES 1990 NO. R- $ MATURITY DATE INTEREST RATE ORIGINAL ISSUE DATE CUSIP March 1, 1990 ON THE MATURITY DATE SPECIFIED ABOVE, THE CITY OF CORPUS CHRISTI, TEXAS (the "Issuer"), hereby promises to pay to , or to the registered assignee hereof (either being hereinafter called the "registered owner") the principal amount of and to pay interest thereon, from the original issue date of this Bond specified above, to the date of its scheduled maturity or the date of its redemption prior to scheduled maturity, at the rate of interest per annum specified above, with said interest being payable on September 1, 1990, and semiannually on each March 1 and September 1 thereafter, except that if the Paying Agent/Registrar's Authentication Certificate appearing on the face of this Bond is dated later than September 1, 1990, such interest is payable semi- annually on each March 1 and September 1 following such date. 13 THE PRINCIPAL OF AND INTEREST ON this Bond are payable in lawful money of the United States of America, without exchange or collection charges. The principal of this Bond shall be paid to the registered owner hereof upon presentation and surrender of this Bond at maturity or upon the date fixed for its redemption prior to maturity, at the principal corporate trust office of First City, Texas -Corpus Christi, Corpus Christi, Texas, which is the "Paying Agent/Registrar" for this Bond. The payment of interest on this Bond shall be made by the Paying Agent/Registrar to the registered owner hereof as shown by the Registration Books kept by the Paying Agent/Registrar at the close of business on the 15th day of the month next preceding such interest payment date by check drawn by the Paying Agent/Registrar on, and payable solely from, funds of the Issuer required to be on deposit with the Paying Agent/Reg- istrar for such purpose as hereinafter provided; and such check shall be sent by the Paying Agent/Registrar by United States mail, first-class postage prepaid, on each such interest payment date, to the registered owner hereof at its address as it appears on the Registration Books kept by the Paying Agent/Registrar, as hereinafter described, or by such other method, acceptable to the Paying Agent/Registrar, requested by, and at the risk and expense of, the registered owner. The Issuer covenants with the regis- tered owner of this Bond that no later than each principal payment and/or interest payment date for this Bond it will make available to the Paying Agent/Registrar from the Interest and Sinking Fund as defined by the ordinance authorizing the Bonds (the "Ordinance") 14 the amounts required to provide for the payment, in immediately available funds, of all principal of and interest on the Bonds, when due. THE TERMS AND PROVISIONS of this Bond are continued on the reverse side hereof and shall for all purposes have the same effect as though fully set forth at this place. *IF THE DATE for the payment of the principal of or interest on this Bond shall be a Saturday, Sunday, a legal holiday, or a day on which banking institutions in the city where the Paying Agent/Registrar is located are authorized by law or executive order to close, then the date for such payment shall be the next succeeding day which is not such a Saturday, Sunday, legal holiday, or day on which banking institutions are authorized to close; and payment on such date shall have the same force and effect as if made on the original date payment was due. *THIS BOND is one of a Series of Bonds of like tenor and effect except as to number, principal amount, interest rate, maturity, option of redemption, and method of payment of interest, dated as of the Original Issue Date specified above, authorized in accordance with the Constitution and laws of the State of Texas, aggregating in principal amount $9,425,000.00, for the purpose of providing funds for various permanent improvements, to-wit: wastewater improvements; drainage and storm sewer improvements; airport improvements; and street improvements. *ON MARCH 1, 2000, or on any interest payment date thereafter, the Bonds of this Series maturing on March 1, 2001 and thereafter 15 may be redeemed prior to their scheduled maturities, at the option of the Issuer, with funds derived from any available and lawful source, as a whole, or in part (provided that a portion of a Bond may be redeemed only in an integral multiple of $5,000), at par and accrued interest to the date fixed for redemption. The years of maturity of the Bonds called for redemption at the option of the Issuer prior to stated maturity shall be selected by the Issuer. The Bonds or portions thereof redeemed within a maturity shall be selected at random and by lot by the Paying Agent/Registrar. *AT LEAST 30 days prior to the date fixed for any such redemp- tion, (a) a written notice of such redemption shall be given to the registered owner of each Bond or a portion thereof being called for redemption by depositing such notice in the United States mail, first-class postage prepaid, addressed to each such registered owner at his address shown on the Registration Books of the Paying Agent/Registrar and (b) notice of such redemption shall be published one (1) time in a financial journal or publication of general circulation in the United States of America carrying as a regular feature notices of municipal bonds called for redemption, provided, however, that the failure to send, mail, or receive such notice described in (a) above, or any defect therein or in the sending or mailing thereof, shall not affect the validity or effectiveness of the proceedings for the redemption of any Bond, and the Ordinance provides that the publication of notice as de- scribed in (b) above shall be the only notice actually required in connection with or as a prerequisite to the redemption of any 16 Bonds. By the date fixed for any such redemption due provision shall be made by the Issuer with the Paying Agent/Registrar for the payment of the required redemption price for this Bond or the portion hereof which is to be so redeemed, plus accrued interest thereon to the date fixed for redemption. If such notice of redemption is given, and if due provision for such payment is made, all as provided above, this Bond, or the portion hereof which is to be so redeemed, thereby automatically shall be redeemed prior to its scheduled maturity, and shall not bear interest after the date fixed for its redemption, and shall not be regarded as being outstanding except for the right of the registered owner to receive the redemption price plus accrued interest to the date fixed for redemption from the Paying Agent/Registrar out of the funds pro- vided for such payment. The Paying Agent/Registrar shall record in the Registration Books all such redemptions of principal of this Bond or any portion hereof. If a portion of any Bond shall be redeemed a substitute Bond or Bonds having the same maturity date, bearing interest at the same rate, in any denomination or denomina- tions in any integral multiple of $5,000, at the written request of the registered owner, and in aggregate principal amount equal to the unredeemed portion thereof, will be issued to the registered owner upon the surrender thereof for cancellation, at the expense of the Issuer, all as provided in the Ordinance. *ALL BONDS OF THIS SERIES are issuable solely as fully registered bonds, without interest coupons, in the denomination of any integral multiple of $5,000. As provided in the Ordinance, 17 this Bond, or any unredeemed portion hereof, may, at the request of the registered owner or the assignee or assignees hereof, be assigned, transferred, and exchanged for a like aggregate principal amount of fully registered bonds, without interest coupons, payable to the appropriate registered owner, assignee, or assignees, as the case may be, having the same maturity date, and bearing interest at the same rate, in any denomination or denominations in any integral multiple of $5,000 as requested in writing by the appropriate registered owner, assignee, or assignees, as the case may be, upon surrender of this Bond to the Paying Agent/Registrar for cancellation, all in accordance with the form and procedures set forth in the Ordinance. Among other requirements for such assignment and transfer, this Bond must be presented and surrendered to the Paying Agent/Registrar, together with proper instruments of assignment, in form and with guarantee of signatures satisfactory to the Paying Agent/Registrar, evidencing assignment of this Bond or any portion or portions hereof in any integral multiple of $5,000 to the assignee or assignees in whose name or names this Bond or any such portion or portions hereof is or are to be transferred and registered. The form of Assignment printed or endorsed on this Bond may be executed by the registered owner to evidence the assignment hereof, but such method is not exclusive, and other instruments of assignment satisfactory to the Paying Agent/Registrar may be used to evidence the assignment of this Bond or any portion or portions hereof from time to time by the registered owner. The Issuer shall pay the Paying 18 Agent/Registrar's reasonable standard or customary fees and charges for transferring and exchanging any Bond or portion thereof. In any circumstance, any taxes or governmental charges required to be paid with respect thereto shall be paid by the one requesting such assignment, transfer, or exchange as a condition precedent to the exercise of such privilege. In any circumstance, neither the Issuer nor the Paying Agent/ Registrar shall be required (1) to make any transfer or exchange during a period beginning at the opening of business 30 days before the day of the first mailing of a notice of redemption of bonds and ending at the close of business on the day of such mailing, or (2) to transfer or exchange any bonds so selected for redemption when such redemption is scheduled to occur within 30 calendar days. *IN THE EVENT any Paying Agent/Registrar for the Bonds is changed by the Issuer, resigns, or otherwise ceases to act as such, the Issuer has covenanted in the Ordinance that it promptly will appoint a competent and legally qualified substitute therefor, and promptly will cause written notice thereof to be mailed to the registered owners of the Bonds. *IT IS HEREBY CERTIFIED AND RECITED that the issuance of this Bond, and the series of which it is a part, is duly voted, authorized, issued and delivered in accordance with the Constitution and laws of the State of Texas; that all acts, con- ditions and things required to be done precedent to and in the issuance of this series of bonds, and of this Bond, have been properly done and performed and have happened in regular and due 19 time, form and manner as required by law; and that ad valorem taxes, upon all taxable property in said City, necessary to pay the interest on and principal of this bond, and the series of which it is a part, as such interest comes due, and such principal matures, have been pledged for such purpose, within the limit prescribed by law. *BY BECOMING the registered owner of this Bond, the regis- tered owner thereby acknowledges all of the terms and provisions of the Ordinance, agrees to be bound by such terms and provisions, acknowledges that the Ordinance is duly recorded and available for inspection in the official minutes and records of the governing body of the Issuer, and agrees that the terms and provisions of this Bond and the Ordinance constitute a contract between each registered owner hereof and the Issuer. IN WITNESS WHEREOF, this Bond has been signed by the printed or lithographed facsimile signature of the Mayor of said Issuer, attested by the printed or lithographed facsimile signature of the City Secretary, and the official seal of the Issuer has been duly affixed to, or impressed, or printed, or lithographed, on this Bond. ATTEST: (facsimile signature) (facsimile signature) City Secretary Mayor (SEAL) FORM OF PAYING AGENT/REGISTRAR'S AUTHENTICATION CERTIFICATE PAYING AGENT/REGISTRAR'S AUTHENTICATION CERTIFICATE 20 It is hereby certified that this Bond has been issued under the provisions of the Ordinance described on the face of this Bond; and that this Bond has been issued in conversion of and exchange for or replacement of a bond, bonds, or a portion of a bond or bonds of an issue which originally was approved by the Attorney General of the State of Texas and registered by the Comptroller of Public Accounts of the State of Texas. Dated: Paying Agent/Registrar By Authorized Representative FORM OF ASSIGNMENT: ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto Please insert Social Security or Taxpayer Identification Number of Transferee (Please print or typewrite name and address, including zip code of Transferee) the within Bond and all rights thereunder, and hereby irrevocably constitutes and appoints attorney to register the transfer of the within Bond on the books kept for registration thereof, with full power of substitution in the premises. Dated: 21 Signature Guaranteed: NOTICE: Signature(s) must be guaranteed by a member firm of the New York Stock Exchange or a commercial bank or trust company. ** NOTICE: The signature above must correspond with the name of the Registered Owner as it appears upon the front of this Bond in every particular, without alteration or enlarge- ment or any change whatsoever. (FORM OF COMPTROLLER'S CERTIFICATE ATTACHED TO THE BONDS UPON INITIAL DELIVERY THEREOF) OFFICE OF COMPTROLLER . STATE OF TEXAS I hereby certify that there is on file and of record in my office a certificate of the Attorney General of the State of Texas to the effect that this Bond has been examined by him as required by law, and that he finds that it has been issued in conformity with the Constitution and laws of the State of Texas, and that it is a valid and binding obligation of the City of Corpus Christi, Texas, payable in the manner provided by and in the ordinance authorizing same, and said Bond has this day been registered by me. WITNESS MY HAND and seal of office at Austin, Texas REGISTER NO. Comptroller of Public Accounts of the State of Texas (SEAL) NOTE TO PRINTER: *Is to be on reverse side of bond **q not to be on bond 7. That a special fund or account, to be designated the "City of Corpus Christi, Texas Interest and Sinking Fund" is hereby 22 created and shall be established and maintained by said City at its official depository bank. Said Interest and Sinking Fund shall be kept separate and apart from all other funds and accounts of said City, and shall be used only for paying the interest on and principal of the Bonds. Any accrued interest derived from the sale of the Bonds shall be deposited to credit to said Interest and Sinking Fund. All taxes levied and collected for and on account of the Bonds shall be deposited, as collected, to the credit of said Interest and Sinking Fund. During each year while any of the Bonds are outstanding and unpaid, the City Council of said City shall compute and ascertain the rate and amount of ad valorem tax, based on the latest approved tax rolls of said City, with full allowances being made for tax delinquencies and costs of tax collections, which will be sufficient to raise and produce the money required to pay the interest on the Bonds as such interest comes due, and to provide a sinking fund to pay the principal of the Bonds as such principal matures, but never less than 2% of the original principal amount of the Bonds as a sinking fund each year. Said rate and amount of ad valorem tax is hereby ordered to be levied and is hereby levied against all taxable property in said City for each year while any of the Bonds are outstanding and unpaid, and said ad valorem tax shall be assessed and collected each such year and deposited to the credit of the aforesaid Interest and Sinking Fund. Said ad valorem taxes necessary to pay the interest on and principal of the Bonds, as such interest comes due, and such principal matures, are hereby pledged for such 23 purpose, within the limit prescribed by law. In addition, the City shall transfer from its General Fund to the Interest and Sinking Fund such amounts as may be necessary to enable the City to make the first scheduled payment of interest on the Bonds. 8. (a) In the event any outstanding Bond is damaged, mutilated, lost, stolen, or destroyed, the Paying Agent/Registrar shall cause to be printed, executed, and delivered, a new bond of the same principal amount, maturity, and interest rate, as the damaged, mutilated, lost, stolen, or destroyed Bond, in replacement for such Bond in the manner hereinafter provided. (b) Application for replacement of damaged, mutilated, lost, stolen, or destroyed Bonds shall be made to the Paying Agent/Registrar. In every case of loss, theft, or destruction of a Bond, the applicant for a replacement bond shall furnish to the City and to the Paying Agent/Registrar such security or indemnity as may be required by them to save each of them harmless from any loss or damage with respect thereto. Also, in every case of loss, theft, or destruction of a Bond, the applicant shall furnish to the City and to the Paying Agent/Registrar evidence to their satisfaction of the loss, theft, or destruction of such Bond, as the case may be. In every case of damage or mutilation of a Bond, the applicant shall surrender to the Paying Agent/Registrar for cancellation the Bond so damaged or mutilated. (c) Notwithstanding the foregoing provisions of this Section, in the event any such Bond shall have matured, and no default has occurred which is then continuing in the payment of the principal 24 of, redemption premium, if any, or interest on the Bond, the City may authorize the payment of the same (without surrender thereof except in the case of a damaged or mutilated Bond) instead of issuing a replacement Bond, provided security or indemnity is fur- nished as above provided in this Section. (d) Prior to the issuance of any replacement bond, the Paying Agent/Registrar shall charge the owner of such Bond with all legal, printing, and other expenses in connection therewith. Every replacement bond issued pursuant to the provisions of this Section by virtue of the fact that any Bond is lost, stolen, or destroyed shall constitute a contractual obligation of the City whether or not the lost, stolen, or destroyed Bond shall be found at any time, or be enforceable by anyone, and shall be entitled to all the benefits of this Ordinance equally and proportionately with any and all other Bonds duly issued under this (e) In accordance with Section 6 St. Art. 717k-6, this Section of this authority necessity any other Ordinance. of Vernon's Ann. Tex. Civ. Ordinance shall constitute for the issuance of any such replacement bond of further action by the governing body of the body or person, and the duty of the replacement bonds is hereby authorized and imposed upon the Agent/Registrar, subject to the conditions imposed by this 8, and the such bonds in Section Paying Agent/ Registrar shall authenticate and without City or of such Paying Section deliver in the form and manner and with the effect, as provided 5(d) of this Ordinance for Bonds issued in exchange for other Bonds. 25 9. That the Mayor of the City is hereby authorized to have control of the Bonds and all necessary records and proceedings pertaining to the Bonds pending their delivery and their investigation, examination and approval by the Attorney General of the State of Texas, and their registration by the Comptroller of Public Accounts of the State of Texas. Upon registration of the Bonds, said Comptroller of Public Accounts (or a deputy designated in writing to act for said Comptroller) shall manually sign the Comptroller's Registration Certificate accompanying the Bonds, and the seal of said Comptroller shall be impressed, or placed in facsimile, on each such certificate. 10. (a) That said Bonds are hereby sold and shall be delivered to Merrill Lynch Capital Markets and Associates (the "Purchaser"), at a price of par and accrued interest to date of delivery. One Bond in the principal amount maturing on each maturity date as set forth in Section 3 hereof shall be delivered to the Purchaser, and the Purchaser shall have the right to exchange such Bonds as provided in Section 5 hereof without cost. (b) That the City Manager of said City is hereby authorized to have control of said Bonds and all necessary records and proceedings pertaining to said Bonds pending their delivery and their investigation, examination and approval by the Attorney General of the State of Texas, and their registration by the Comptroller of Public Accounts of the State of Texas. Upon registration of said Bonds, said Comptroller of Public Accounts (or 26 a deputy designated in writing to act for said Comptroller) shall manually sign the Comptroller's Registration Certificate prescribed herein to be printed and endorsed on each bond, and the seal of said Comptroller shall be impressed or printed, or lithographed on each of said Bonds. (c) That the Official Notice of Sale, Official Bid Form, and an Official Statement, prepared and distributed in connection with the sale of the Bonds, in substantially the form attached hereto, are hereby approved by the City Council, and their use in the offer and sale of the Bonds is hereby approved. 11. The City covenants to take any action to assure, or refrain from any action which would adversely affect, the treatment of the Bonds as obligations described in section 103 of the Internal Revenue Code of 1986, as amended (the "Code"), the interest on which is not includable in the "gross income" of the holder for purposes of federal income taxation. In furtherance thereof, the City covenants as follows: (a) to take any action to assure that no more than 10 percent of the proceeds of the Bonds (less amounts deposited to a reserve fund, if any) are used for any "private business use," as defined in section 141(b)(6) of the Code or, if more than 10 percent of the proceeds are so used, that amounts, whether or not received by the City, with respect to such private business use, do not, under the terms of this Ordinance or any underlying arrangement, directly or indirectly, secure or provide for the payment of more than 10 27 percent of the debt service on the Bonds, in contravention of section 141(b)(2) of the Code; (b) to take any action to assure that in the event that the "private business use" described in subsection (a) hereof exceeds 5 percent of the proceeds of the Bonds (less amounts deposited into a reserve fund, if any) then the amount in excess of 5 percent is used for a "private business use" which is "related" and not "disproportionate," within the meaning of section 141(b)(3) of the Code, to the governmental use; (c) to take any action to assure that no amount which is greater than the lesser of $5,000,000, or 5 percent of the proceeds of the Bonds (less amounts deposited into a reserve fund, if any) is directly or indirectly used to finance loans to persons, other than state or local governmental units, in contravention of section 141(c) of the Code; (d) to refrain from taking any action which would otherwise result in the Bonds being treated as "private activity bonds" within the meaning of section 141(b) of the Code; (e) to refrain from taking any action that would result in the Bonds being "federally guaranteed" within the meaning of section 149(b) of the Code; (f) to refrain from using any portion of the proceeds of the Bonds, directly or indirectly, to acquire or to replace funds which were used, directly or indirectly, to acquire investment property (as defined in section 148(b)(2) of the 28 Code) which produces a materially higher yield over the term of the Bonds, other than investment property acquired with - (1) proceeds of the Bonds invested for a reasonable temporary period of 3 years or less or, in the case of a refunding bond, for a period of 30 days or less until such proceeds are needed for the purpose for which the bonds are issued, (2) amounts invested in a bona fide debt service fund, within the meaning of section 1.103-13(b)(12) of the Treasury Regulations, and (3) amounts deposited in any reasonably required reserve or replacement fund to the extent such amounts do not exceed 10 percent of the proceeds of the Bonds; (g) to otherwise restrict the use of the proceeds of the Bonds or amounts treated as proceeds of the Bonds, as may be necessary, so that the Bonds do not otherwise contravene the requirements of section 148 of the Code (relating to arbitrage) and, to the extent applicable, section 149(d) of the Code (relating to advance refundings); (h) to pay to the United States of America at least once during each five-year period (beginning on the date of delivery of the Bonds) an amount that is at least equal to 90 percent of the "Excess Earnings," within the meaning of section 148(f) of the Code and to pay to the United States of America, not later than 60 days after the Bonds have been paid in full, 100 percent of the amount then required to be paid as 29 a result of Excess Earnings under section 148(f) of the Code; and (i) to maintain such records as will enable the City to fulfill its responsibilities under this section and section 148 of the Code and to retain such records for at least six years following the final payment of principal and interest on the Bonds. It is the understanding of the City that the covenants contained herein are intended to assure compliance with the Code and any regulations or rulings promulgated by the U.S. Department of the Treasury pursuant thereto. In the event that regulations or ruling are hereafter promulgated which modify, or expand provisions of the Code, as applicable to the Bonds, the City will not be required to comply with any covenant contained herein to the extent that such modification or expansion, in the opinion of nationally -recognized bond counsel, will not adversely affect the exemption from federal income taxation of interest on the Bonds under section 103 of the Code. In the event that regulations or rulings are hereafter promulgated which impose additional requirements which are applicable to the Bonds, the City agrees to comply with the additional requirements to the extent necessary, in the opinion of nationally -recognized bond counsel, to preserve the exemption from federal income taxation of interest on the Bonds under section 103 of the Code. In addition, the City Manager and the Director of Finance are hereby authorized to execute such instruments, certificates or other documents, or to make any elections, on 30 behalf of the City, which may be permitted or required by the Code as are consistent with the purpose for the issuance of the Bonds. 12. Interest earnings derived from the investment of proceeds from the sale of the Bonds shall be used along with other bond proceeds for the construction of the permanent improvements set forth in Section 1 hereof for which the Bonds are issued; provided that after completion of such permanent improvements, if any of such interest earnings remain on hand, such interest earnings shall be deposited in the Interest and Sinking Fund. It is further provided, however, that any interest earnings on bond proceeds which are required to be rebated to the United States of America pursuant to Section 11 hereof in order to prevent the Bonds from being arbitrage bonds shall be so rebated and not considered as interest earnings for the purposes of this Section. 13. That all ordinances and resolutions or parts thereof in conflict herewith are hereby repealed. 14. That this Ordinance shall take effect and be in full force and effect from and after the date of its passage, and it is so ordained. 15. It is hereby officially found and determined that the meeting at which this ordinance was passed was open to the public, and public notice of the time, place and purpose of said meeting was given, all as required by Article 6252-17, Vernon's Annotated Texas Civil Statutes, as amended. Further, it is hereby officially found and determined that the preamble to this Ordinance 31 constitutes an integral part hereof, and is incorporated by reference hereat. 16. That upon written request of the Mayor, copy attached, to find and declare an emergency due to the immediate need for the efficient and effective administration of City affairs by authorizing the issuance of the above-mentioned Bonds, such finding of an emergency is made and declared requiring suspension of the Charter rule as to consideration and voting upon ordinances or resolutions at three regular meetings so that this ordinance is passed and shall take effect upon first reading. PASSED AND APPROVED this/ 13th day of March, 1990. / it ATTEST: Mayor, City Secretary, City of corpus Christi, Texas APPROVED AS !• FORM AND LEGALITY: Ci y A t•' ey,i� ty of Corpus Christi, Texas 32 of Corpus Christi, Texas THE STATE OF TEXAS COUNTY OF NUECES CITY OF CORPUS CHRISTI I, the undersigned, City Secretary of the City of Corpus Christi, Texas, do hereby certify that the above and foregoing is a true, full and correct copy of an ordinance passed by the City Council of the City of Corpus Christi, Texas (and of the minutes pertaining thereto), on the 13th day of March, 1990, authorizing the issuance of $9,425,000 City of Corpus Christi, Texas General Improvement Bonds, Series 1990, which ordinance is duly of record in the minutes of said City Council, and said meeting was open to the public, and public notice of the time, place and purpose of said meeting was given, all as required by Vernon's Ann. Civ. Stat. 6252-27, as amended. EXECUTED UNDER MY HAND AND SEAL OF SAID CITY, this the 13th day of March, 1990. (SEAL) City Secretary, City of corpus Christi, Texas GENERAL CERTIFICATE THE STATE OF TEXAS COUNTY OF NUECES CITY OF CORPUS CHRISTI We, the undersigned, hereby officially certify that we are the Mayor, City Secretary and Director of Finance, respectively, of said City, and we further certify as follows: 1. That said City is a duly incorporated Home Rule City, having more than 5,000 inhabitants, operating and existing under the Constitution and laws of the State of Texas and the duly adopted Home Rule Charter of said City, which Charter has not been changed or amended since the Ordinance was passed by the City Council authorizing the City of Corpus Christi, Texas Combination Tax and Revenue Certificates of Obligation, Series 1989. 2. That no litigation of any nature has ever been filed pertaining to, affecting or contesting: (a) the issu- ance, delivery, payment, security or validity of the pro- posed City of Corpus Christi, Texas General Improvement Bonds, Series 1990, dated March 1, 1990, in the aggregate principal amount of $9,425,000 (the "Series 1990 Bonds"); (b) the authority of the officers of said City to issue, execute and deliver said bonds; or (c) the validity of the corporate existence, the current Tax Rolls, or the Charter of said City; and that no litigation is pending pertaining to, affecting or contesting the boundaries of said City. 3. That in all matters relating to ordering, giving notice, and holding the elections at which the proposed bonds were authorized, the City complied with the Federal Voting Rights Act of 1975, and the applicable parts of the Texas Election Code, including particularly Chapter 272 of the Texas Election Code pertaining to bilingual require- ments. 4. That on March 13, 1990, the date the Ordinance was passed authorizing the Series 1990 Bonds, the following persons were the duly elected or appointed and qualified officials of said City: Betty Turner, Clif Moss, Frank Schwing, Leo Guerrero, Edward A. Martin, Joe McComb, Tom Hunt, Mary Rhodes, • Cezar Galindo, Juan Garza, Debra J. Andrews, Hal George, Jorge G. Garza, Armando Chapa, Mayor, Councilmembers, City Manager, Assistant City Manager, City Attorney, Director of Finance, City Secretary. 6. That the currently effective ad valorem tax rolls of said City are those for the year 1989, being the most recently approved tax rolls of said City; that the City Council of said City has caused the taxable property in said City to be assessed as required by law; that the Appraisal Review Board has equalized and approved the valuation of taxable property in said City for said year; that the Chief Appraiser of Nueces County Appraisal District has duly verified the aforesaid tax rolls, and said Appraisal Review Board has finally approved the same; and that the valuation of taxable property in said City, and the aggregate amount of exemptions, and the net effective taxable value of taxable property in said City, according to the aforesaid tax rolls for said year, as delivered to the City Secretary of said City, and finally approved and recorded by the City Council of said City, are as follows: Assessed Value: (less) Exemptions: Taxable Values: $7,109,496,333 $ 911,607,006 $6,197,889,327 7. That Exhibit A, which is attached hereto and made a part hereof, contains a true and correct schedule showing the annual requirements of all of the outstanding indebted- ness of said City payable from taxes, together with the Certificates of Obligation proposed to be issued by ordi- nance passed March 13, 1990, as it appears in the official records of said City. SIGNED AND SEALED this the 13th day of March, 1990. City Secretary '"0 — Dir- or . Fina ce City of Corpus Christi, Texas Ci y of Corpus Christi, Texas Approved as to Form: // ty At rney,i City of Corpus Christi, Texas (SEAL) _03 ! 00sf1111 '3 'N R EXHIBIT A O • ++ W W N V V V V 0 0 0 O W N+ O O b M O N a M+ M y N W; N p N N V O p §§§i$$MoW<ngg§§8§? N 0 0 CO CO b Co 0 a O F N P V b a a A»pp.pypr_ppOppybbsx.yyps. •^ N tJ' O N i O b W V s N S O N N C m W P y+ yy11 V P w P P P P V D b b b b P y y p ap O ISN OEOp., Q�MaQp�•88COCyNy.y.yO. gNV.N.0p P0'0 W+ N W S V P P N a N N O V O .O w.M V N vbi i0�3i�21R wy aNayblN��.. pplo aggSaalaiSig5g ssss8 ligiatiffitthiffit py�p yz <^ VwQu��y8j �`aY{N yp1PP4pp P PV 800 HOHOOOt4wWwW.4WwMW ym 1.11414.4 W tot 88Q ppOIN N WN O 000 0 0.000004W 4 N W W W W W W NO 8 ^0 Pw N O p O N O O O O O P N y O N W bb yr y N N A w W NNN NY 1p Ww C C w a &mw& Ny• V P F w D. YIYN�ml10 ✓ O N N W F P V V b b r a O p u u p a 0 CO • �QQ�ll11 ONwN b0mm0QQ�pp+OypNal/I YP 8O 8O 8NN F�p�p S� bV(pV�W�pC pp. OpN NNN O Np OOOO PW-JFIC�w CWP 000000.0 i N u aaai Vr o. yppb��o oaM1aa CO P y0NNVpN71 +NPr O 4- N O- M MV ON0088N.4.pp,yNNaa+ yyQp IIPVVWpwp Cw0pN AF ONNNONdOb1 SRDIN Steig JP W +NNFVNVVPP aCCOaaaaiba W oaaNPOOO•pp.pp �Pu C.4VywW-VN+VN g •W •P G•N + W •O O S P P Y� •O •N P •a •O O O V O mm SeaE•8•• es..•vT. �VV�pp �Vy•O pµG p • NogFF N ONUUvigi Oupancl V4 slwi1NPFP i p i 9 To IIq1 s • m Corpus Christi, Texas (& day of 'L7 -,_ , 19 TO THE MEMBERS OF THE CITY COUNCIL Corpus Christi, Texas For the reasons set forth in the emergency clause of the foregoing ordinance an emergency exists requiring suspension of the Charter rule as to consideration and voting upon ordinances at three regular meetings; I/we, therefore, request that you suspend said Charter rule and pass this ordinance finally on the date it is introduced, or at the present meeting of the City Council. Respectfully, Respectfully, Council Members MAYOR THE CITY OF CORPUS CHRISTI The above ordinance was passed by the following vote: Betty N. Turner Cezar Galindo {til C Leo Guerrero Tom Hunt Edward A. Martin Joe McComb Clif Moss Mary Rhodes Frank Schwing, Jr. 045 % C_ ,)ft ed v � C` - 7C