HomeMy WebLinkAbout1983 05_Amount of Bonds that can mature each year_1983.07.05THE CITY COUNCIL OF THE CITY OF OWASSO, STATE OF OKLAHOMA, MET IN REGULAR
SESSION AT THE CITY HALL IN SAID CITY ON THE 5TH DAY OF JULY, 1983, AT 7:00
O'CLOCK P.M.
PRESENT. BOYD M. SPENCER, Mayor; WAUHILLEAU WEBB, Vice Mayor; VON
STOCKLER, Councilman; JAMES C. SMALLEY, Councilman; ANN HEN-
DRICKSON, City Clerk
ABSENT: PHYLLIS GROSS, Councilman
Notice of the schedule of regular meetings having been given in writing to the City Clerk of
the City of Owasso, State of Oklahoma, and public notice of this meeting having been posted
in prominent view at City Hall, Owasso, State of Oklahoma, twenty-four (24) hours prior to
this meeting, excluding Saturdays, Sundays and legal holidays, all in compliance with the
Oklahoma Open Meeting Act.
Thereupon, Councilman - SMALLEY introduced a Resolution which was read
in full by the City Clerk and upon motion by Councilman SMALLEY , seconded by
Councilman STOCKLER , said Resolution was adopted by the following vote:
AYE: SPENCER, WEBB, STOCKLER, SMALLEY
NAY: None
and upon motion by Councilman SMALLEY , seconded by Councilman
STOCKLER , the question of the emergency was ruled upon separately and approved by
the following vote:
Said Resolution was thereupon signed by the Mayor, attested by the City Clerk, sealed
with the seal of said City, and is as follows:
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A RESOLUTION FIXING THE AMOUNT OF BONDS TO MATURE
EACH YEAR; FIXING THE TIME AND PLACE THE BONDS ARE
TO BE SOLD; AUTHORIZING THE MAYOR TO GIVE NOTICE OF
SAID SALE AS REQUIRED BY LAW; AND DECLARING AN
EMERGENCY.
WHEREAS, the issuance of 5730,000 of General Obligation Bonds for Sanitary Sewer
System Improvements and $2,045,000 of General Obligation Bonds for Water System Improve-
ments by the City of Owasso, State of Oklahoma, have been duly authorized at an election
held for that purpose; and
WHEREAS, the City Council of the City of Owasso has determined it to be advisable
to combine the two issue,, of bonds for the purposes of selling same;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
OWASSO, STATE OF OKLAHOti]A:
SECTION 1. That the $2,775,000 General Obligation Bonds of the City of Owasso,
State of Oklahoma, voted upon and the issuance thereof approved on the 24th day of May,
1983, shall be offered for sale at the City Hall in said City on the 2nd day of August, 1983,
at 7:00 o'clock P.M., local time, said Bonds to become due as follows:
$325,000 in two years from their date and $350,000
annually each year thereafter until paid.
SECTION 2. That the Mavor of the City of Owasso, State of Oklahoma, is hereby
ordered and directed to cause notice of the sale of said Bonds to be given as required by
law.
SECTION 3. That by reason of said City being without an adequate sanitary sewer
system and without an adequate water system, it is deemed and hereby declared necessary
for the preservation of the public health, peace and safety that this resolution shall become
operative immediately; wherefore, an emergency is hereby declared to exist, and this reso-
lution shall be in full force and effect immediately from and after its passage.
PASSED and APPROVED this 5th day of July, 1983.
Mayor, City of,/Owasso, Oklahoma
ATTEST:
City Clerk, City of Owasso, Oklahoma
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COUNTY OF TULSA
1, the undersigned, the duly qualified and acting City Clerk of the City of Owasso,
State of Oklahoma, do hereby certify that the foregoing is a true and complete copy of
the Resolution fixing the amount of bonds to mature each year, fixing the time and
place the bonds are to be sold and authorizing the Mayor to give notice of said sale as
adopted by the City Council of said City, and transcript of proceedings of said City
Council had at a REGULAR meeting thereof duly held on the date therein set out, in-
sofar as the same relates to the introduction, reading and adoption of said Resolution,
as shown by the records of my office.
I further certify that attached hereto is a true and complete copy of public notice
posted at City Hall, Owasso, Oklahoma, at least twenty-four (24) hours prior to said
meeting, excluding Saturdays, Sundays and legal holidays.
WITNESS my hand and official seal this 5th day of July, 1983°
City Clerk, City of Owasso, Oklahoma