HomeMy WebLinkAbout20100 RES - 12/03/19874
THE STATE OF TEXAS
COUNTY OF NUECES
CITY OF CORPUS CHRISTI .
on this the 3rd day of December, 1987, the City Council
of the City of Corpus Christi, Texas convened in Special
Meeting, with the following members of said Council present,
to -wit:
Betty Turner, Mayor,
(vacancy)
David Berlanga, Sr.,
Leo Guerrero,
Linda Strong, Councilmembers,
Bill Pruet,
Cliff Moss,
Mary Rhodes,
Mary Pat Slavik,
Craig A. McDowell, City Manager,
Hal George, City Attorney,
Debra J. Andrews, Director of Finance,
Armando Chapa, City Secretary,
with the following absent: Leo Guerrero and Mary Pat" Slavik
constituting a quorum, 'at which time the following among
other business was transacted:
City Manager
presented for the consideration of the
Council a resolution. The resolution was read by the City
Secretary.
Councilmember Linda Strong moved that the resolu-
tion be adopted. The motion was seconded by Councilmember
Bill Pruet
vote:
. The motion was carried by the following
AYES: All present voted Aye.
NAYS: None.
The Mayor announced that the resolution had been
adopted. The resolution is as follows:
20100
RESOLUTION
CALLING CERTAIN BONDS FOR REDEMPTION
PRIOR TO SCHEDULED MATURITIES
THE STATE OF TEXAS
COUNTY OF NUECES
CITY OF CORPUS CHRISTI
WHEREAS, the City of Corpus Christi has outstanding its
City of Corpus Christi, Texas General Improvement and
Refunding Bonds, Series 1985-A (the "Refunded Bonds"); and
WHEREAS, concurrently herewith certain of the Refunded
Bonds (as described in the Ordinance authorizing the issu-
ance of the City of Corpus Christi, Texas General Improve-
ment and Refunding Bonds, Series 1987) are being refunded;
and
WHEREAS, it has been determined that certain of such
Refunded Bonds shall be called for redemption prior to their
stated maturities, such bonds being as follows, to -wit:
Bonds maturing on November 1 of each of the years 1996
through 1998, inclusive, aggregating $16,670,000 in
principal amount; and
WHEREAS, it is in order for the City Council to author-
ize the Paying Agent/Registrar for such bonds to mail notice
of redemption for calling such bonds to be redeemed prior to
their scheduled maturities;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF CORPUS CHRISTI, TEXAS:
1. That the Paying Agent/Registrar for the Refunded
Bonds is hereby directed to cause to be mailed, in the
manner required by the ordinance authorizing the issuance of
the Refunded Bonds, a written notice of redemption substan-
tially'in the form attached to this resolution, and such
bonds as described in such notice shall be redeemed on
November 1, 1995 for the principal amount thereof.
ADOPTED AND APPROVED this 3rd day of December, 1987.
(SEAL)
ATTEST:
Ma or, Ci , of Corpus Christi,
Texas
City Secretary, City of Corpus
Christi, Texas
The foregoing resolution was approved prior to adoption
as to form and correctness this the 3rd day of December,
1987.
City Attorney, Cityof Corpus
Christi, Texas
NOTICE OF REDEMPTION
CITY OF CORPUS CHRISTI, TEXAS GENERAL
IMPROVEMENT AND REFUNDING BONDS, SERIES 1985-A
(Name and address of
registered owner)
THE REGISTRATION BOOKS for said Bonds show that you are
the registered owner of Bond No. , aggregating $
in principal amount, scheduled to mature November 1,
NOTICE IS HEREBY GIVEN that the City of Corpus Christi,
Texas has called for redemption on the date shown below the
outstanding Bonds of the City described as follows:
City of Corpus Christi, Texas General Improvement and
Refunding Bonds, Series 1985-A, dated October 15, 1985,
Bonds maturing on November 1 of each of the years 1996
through 1998, both inclusive, aggregating $16,670,000;
redemption date: November 1, 1995
NOTICE IS FURTHER GIVEN that due and proper arrange-
ments have been made for providing First City Bank of Corpus
Christi, Corpus Christi, Texas, the place of payment of said
Bonds called for redemption, with funds sufficient to pay
the principal amount of said Bonds and the interest thereon
to the redemption date. In the event said Bonds, or any of
them, are not presented for payment by the date fixed for
their redemption, they shall not thereafter bear interest.
THIS NOTICE is issued and given pursuant to the redemp-
tion provisions set forth in the ordinance authorizing the
issuance of said Bonds, in accordance with the recitals and
provisions of said Bonds and pursuant to authority of an
ordinance passed by the City Council of the City of Corpus
Christi on the 3rd day of December, 1987.
FIRST CITY BANK OF CORPUS CHRISTI
BY:
Title:
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 a resolution
adopted by the City Council of the City of Corpus Christi,
Texas (and of the minutes pertaining thereto), on the 3rd_
day -of December, 1987, calling certain bonds for redemption
prior to scheduled maturities, which resolution 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
3rd day of December, 1987.
City Secretary, City of Corpus
Christi, Texas
(SEAL)
Corpus Christi, Texas n _�
3 day of ��21 �v r-e�.+uv , 198
TO THE MEMBERS OF THE CITY COUNCIL
Corpus Christi, Texas
For the reasons set forth in the emergency clause of the foregoing ordinance
or resolution, an emergency exists requiring suspension of the Charter rule
as to consideration and voting upon ordinances or resolutions at three
regular meetings; I/we, therefore, request that you suspend said Charter rule
and pass this ordinance or resolution finally on the date it is introduced,
or at the present meeting of the City Council.
Respectfully, Respectfully,
99.045.01
Council Members
MAYOR
THE CITY OF CORPUS CHRISTI, TEXAS
The above ordinance was passed by the following vote:
Betty N. Turner
David Berlanga, Sr.
Leo Guerrero
Frank—Mendez-
Clif Moss
Bill Pruet
Mary Rhodes
Mary Pat Slavik
Linda Strong 0
20100