6-94-Resolution-6-94-Resolution- Early Retire All Remaining Certificates of Obligation From the 1986 Issue-06/06/1994RESOLUTION #R6-94
A RESOLUTION OF THE CITY OF SANDER, DENTUN COUNTY,
TEXAS, STATING THE INTENTION TO EARLY RETIRE ALL
REMAINING CERTIFICATES OF OBLIGATION FROM THE 1956 ISSUE
WHEREAS, the need to improve streets and other public facilities
exist, and
WHEREAS, the 1986 Certificates of Obligation may be redeemed prior
to maturity,
NOW, THEREFORE, be it Resolved Hy the City Couneil of Sanger,
Denton County, Texas:
1 }. That the remaining Certificates of Obligation Due after
August 2, 1994, totalling $205,000 shall be called and paid prior to
maturity, and
2}. .That funding for this early payment shall be secured through a
short term loan through GNB-Sanger, the City's Depository Bank.
RESOLVED this 6th day of June, 1994.
1
ATTEST:
Rosalie Chavez
City Secretary
KA
Nel Armstrong
Mayor