HomeMy WebLinkAbout1996 02_OPWA_Ownership of golf Course_Underwriter_Official Statement_1996.06.18
OW ASSO PUBLIC WORKS AUTHORITY
OPW A RESOLUTION NO 96-02
A RESOLUTION OF THE TRUSTEES OF THE OW ASSO PUBLIC WORKS
AUTHORITY DETERMINING THAT THE OWNERSHIP AND OPERATION
OF PUBLIC GOLF COURSE IS AN AUTHORIZED AND PROPER
FUNCTION OF THE CITY OF OW ASSO; SELECTING AN UNDERWRITER
FOR THE AUTHORITY'S UTILITY REVENUE BONDS, SERIES 1996 (THE
"BONDS"); APPROVING THE OFFICIAL STATEMENT PERTAINING TO
SAID BONDS AND DEEMING SAME TO BE FINAL; AND AUTHORIZING
THE DISTRIBUTION OF SAID OFFICIAL STATEMENT IN CONNECTION
WITH THE SALE OF SAID BONDS.
BE IT RESOLVED BY THE TRUSTEES OF THE OW ASSO PUBLIC WORKS AUTHORITY
THAT
Authorized and Proper Function. The ownership and operation of a public golf
course is an authorized and proper function of the City of Owasso, Oklahoma for
the health, benefit and welfare of its citizens.
1
Section
Underwriter. The Authority hereby accepts the resignation of Leo Oppenheim
& Co Inc as financial consultant to the Authority and selects Leo Oppenheim &
Co Inc to act as underwriter in connection with the sale of the Authority's Utility
Revenue Bonds, Series 1996.
Section 2
Official Statement. The Preliminary Official Statement outlining the terms,
conditions and security of said Bonds, is hereby deemed final as of its date and
is adopted and approved, and the Chairperson or Vice Chairperson is authorized
to approve any corrections, additions or deletions thereto for and on behalf of the
Authority, and thereupon the Chairperson or Vice Chairperson is authorized and
directed to execute and deliver same for an on behalf of the Authority; provided
further, that the information contained in said Official Statement is correct in all
material respects and such information does not contain any untrue statements of
a material fact and does not omit to state a material fact necessary to make the
statements made in such Official Statement in light of the circumstances under
which they were made, not misleading. The Chairperson or Vice Chairperson is
authorized and directed to approve, execute and deliver the final Official
Statement for and on behalf of the Authority in conjunction with the issuance of
the Bonds.
Section 3:
Distribution of Official Statement. The Underwriter is hereby authorized to
distribute the Official Statement approved in Section 2 hereof in connection with
the offer and sale of the Authority's Bonds.
Section 4
1996 by the Trustees of the Owasso Public
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Danny Ewing, ~.~airpersob
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APPROVED AND ADOPTED this 18th day of June
Works Authority.
ATTEST
APPR9V~ AS TO FORM
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Ronald D Cates, Trust Attorney