HomeMy WebLinkAbout1973 07_OPWA_Series 1973 Bonds_1973.10.09
LAW OFFICES
..JOHANNING AND HUDSON
OKLAHOMA CITY
HIRSH
7
WHEREAS, TIffi OWASSO PUBLIC WORKS .AUTIIORITY, a public trust, was created, pur-
suant to Title 60, Oklahoma Statutes 1971, Sections 176-180, inclusive, for
the purpose of providing utility services and facilities within and near the
City of Owasso, Oklahoma, which said purpose is an authorized and proper
function of said City, the beneficiary of said Trust; and
RESOWfION
WHEREAS, it is necessary and in the best interests of the Trust Estate that
Revenue Bonds of the Authority in the aggregate principal amount of
$310,000.00 be sold and issued to implement a project consisting of con-
structing a,'ld improvLl1g the water and sanitary sewer systems and facilities
o'WIled by the City of Owasso, OklahOIna, a"l1d leased to the Authority, said
Bonds to be designated 'The Owasso Public Works Authority Water and Sewer
System Revenue Bonds, Series 1973", dated November 1, 1973, to be issued
pursuant to a certain Bond Indenture denominated 'The Owasso Public Works
Authority Series 1973 Revenue Bond Indenture", prepared by Financial Legal
Counsel of, the Authority to be entered into between the Trustees of the
Authority and The First National Bank and Trust Company of Tulsa, dated
November 1, 1973; and
WHEREAS, The First National Bank and Trust Company of Tulsa, Oklahoma, and
R. J. Edwards, Inc., Oklahoma City, Oklahoma, have offered to purchase the
aforesaid Series 1973 Bonds of the "~thority at par plus accrued interest
to date of delivery of said Bonds;
OWASSO PUBLIC WORKS AUTHORITY
SECTION 1. It hereby is detennined to be necessary and i,'l the best interests
of the Trust Estate that the aforesaid offer of The First National
Bank and Trust Company of Tulsa, Oklahoma, and R. J. Edwards, Inc., be accepted
and that the abovementioned Series 1973 Bonds of the Authority be issued and
sold to them at a price of par plus accrued interest to date of delivery of
said Bonds. Said Bonds shall be expressed to mature within twenty-seven (27)
years from the date thereof, and shall bear interest at an average n:.te of
Six and One-half (6 1/2%) percentum per annum, all in accordance with
the terms of a Contract hereinafter described, and competltlve bidding on
the aforesaid Bonds is expressly waived.
TIffi
TIffi TRUSTEES OF
BY
IT RESOLVED
BE
SECTION 2. The Chairman and Secretary of Trustees hereby are authorized
and directed to execute, attest and affix the seal of the
Authority to: Ca) a Contract with The First National Bank and T~JSt Company
of Tulsa, and R. J. Edwards, Inc., for the sale of the aforesaid Bonds, the
form of which is now on file with the Secretary of Trustees and hereby is
LAW OFFICES
HIRSH. .JOHANNiNG AND HUDSON
OKI...AHOMA CITY
approved; (b) the aforesaid Bond Indenture, the Certificate of Trustees
therein referred to, receipt for the proceeds of the aforesaid Bonds and
all instruments and certificates of whatsoever nature, necessary or in-
cidental to effecting the issuance and delivery of the aforesaid Bonds
and to detennine the fonn and substance of each thereof; and (c) the
aforesaid Bonds, and to deliver all of the foregoing to the persons and
entitles entitled thereto.
,
.ADOPTED this day of
ATTEST (Seal)
LAW OFFICES
HIRSH, JOHANNING AND HUDSON
OKLAHOMA CITY
I ~ the undersigned Secretary of Trustees of THE OWASSO PUBLIC WORKS AlITHORITI
hereby certify that the foregoing is a true, correct and complete copy of a
Resolution adopted by the Trustees of said Authority at a meeting held on
the date therein stated as the same appears in the Minutes of said meeting
on file in my office as a part of the official records thereof.
(Seal)