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Res 239-84 12/11/1984kt/LeLLAT,t CERTIFICATE FOR RESOLUTION THE STATE OF TEXAS COUNTY OF WICHITA CITY OF WICHITA FALLS We, the undersigned officers of said City, hereby certify as follows: 1. The City Council of said City convened in SPECIAL MEETING ON THE 11th DAY OF DECEMBER, 1984, at the City Hall, and the roll was called of the duly constituted officers and members of said City Council, to-wit: Gary Cook, Mayor Thomas Swift Charles Thomas Charles Harper Craig A. Wilson Bill Palmer James Welburn Wilma J. Thomas, City Clerk and all of said person were resent, except the following absentees: person con- stituting a quorum. ereupon, among other business, the following was transacted at said Meeting: a written RESOLUTION DIRECTING THE REDEMPTION OF CERTAIN OUTSTANDING CITY OF WICHITA FALLS WATER AND SEWER REVENUE BONDS was duly introduced for the consideration of said City Council and read in full. It was then duly moved and seconded that said Resolution be adopted; and, after due discussion, said motion carrying with it the adoption of said Resolution, prevailed and carried by the following vote: AYES: All members of said City Council shown present above voted "Aye" . NOES: None. 2. That a true, full and correct copy of the aforesaid Resolution adopted at the Meeting described in the above and foregoing paragraph is attached to and follows this Certifi- cate; that said Resolution has been duly recorded in said City Council' s minutes of said Meeting; that the above and foregoing paragraph is a true, full and correct excerpt from said City Council ' s minutes of said Meeting pertaining to the adoption of said Resolution; that the persons named in the above and foregoing paragraph are the duly chosen, qualified and acting officers and members of said City Council as indicated therein; that each of the officers and members of said City Council was duly and sufficiently notified officially and personally, in advance, of the time, place and purpose of the aforesaid Meeting, and that said Resolution would be introduced and considered for adoption at said Meeting, and each of said officers and members con- sented, in advance, to the holding of said Meeting for such purpose, and that 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. St. Article 6252-17. 3. That the Mayor of said City has approved and hereby approves the aforesaid Resolution; that the Mayor and the City Clerk of said City have duly signed said Resolution; and that the Mayor and the City Clerk of said City hereby declare that their signing of this Certificate shall constitute the signing of the attached and following copy of said Resolution for all purposes. SIGNED AND SEALED the /Cay of Decemb , ity Clerk ' or SEAL) Ate: ,V19-11,/ RESOLUTION DIRECTING THE REDEMPTION OF CERTAIN OUTSTANDING CITY OF WICHITA FALLS WATER AND SEWER REVENUE BONDS WHEREAS, the City of Wichita Falls , Texas, has outstanding the following issues of water and sewer revenue bonds (the "Bonds") : City of Wichita Falls, Texas Water and Sewer Revenue Bonds, Series 1981, dated October 1 , 1981 , currently outstanding in the aggregate principal amount of 970,000 (the "Series 1981 Bonds") ; City of Wichita Falls, Texas Water and Sewer Revenue Bonds, Series 1982, dated August 1, 1982, currently outstanding in the aggregate principal amount of 830, 000 (the "Series 1982 Bonds") ; and WHEREAS, said Bonds are subject to optional redemption in whole on February 1, 1991 with respect to the Series 1981 Bonds and on August 1, 1992 with respect to the Series 1982 Bonds, at a price of par and accrued interest to the date of redemption, respectively; and WHEREAS, the respective Ordinances authorizing the respective Bonds provide that at least thirty (30) days prior to the date on which said Bonds are to be redeemed, Notice of Redemption shall be published once in a financial publication published in The City of New York, New York; and WHEREAS, concurrently herewith the City Council has authorized the execution and delivery of the Water and Sewer Revenue Bonds Escrow Fund Agreement between the City and InterFirst Bank Wichita Falls, N.A. , Wichita Falls, Texas as Escrow Agent pursuant to which the Escrow Agent will hold monies and investments provided by the City in an amount sufficient to pay the principal of said Bonds specified in the recital hereinabove, on the respective redemption dates and to pay the principal of other outstanding bonds of. said City at their respective maturity dates and to pay interest on all of said outstanding Bonds to the respective redemp- tion, or maturity dates; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS: Section 1 . That the City Council hereby directs that certain outstanding Water and Sewer Revenue Bonds of said City be called for redemption in the amounts and on the respective redemption dates set forth in Exhibit "A" attached hereto, at a redemption price equal to the principal amount thereof plus interest accrued to the date of redemption, respectively. Section 2. That the Director of Finance is hereby authorized and directed to issue a Notice of Redemption of said Bonds called for redemption pursuant to Section 1 hereof to The Chase Manhattan Bank, N.A. , New York, New York formerly Chase Manhattan Bank, New York, New York) and to InterFirst Bank Wichita Falls, N.A. , Wichita Falls, Texas formerly City National Bank, Wichita Falls, Texas) , the places of payment of said Bonds, which notice is to be mailed or delivered so as to be received by said banks no later than January 10, 1985 , and to have such notice published once, prior to January 10, 1985 in a financial publication published in The City of New York, New York. In addition, said Notice of Redemption is to be published again at least thirty (30) but not more than ninety (90) days prior to said respective dates of redemption. Section 3. That such Bonds to be redeemed shall be presented for redemption in accordance with said notice at a bank of payment and shall not bear interest after the date provided for their respective redemptions. Section 4. That the Notice of Redemption to be issued and published by the Director of Finance shall be substan- tially in the form attached hereto as Exhibit "A". The Director of Finance shall insure that the provisions of the respective ordinances authorizing the Bonds are complied with. EXHIBIT "A" NOTICE OF REDEMPTION CITY OF WICHITA FALLS, TEXAS WATER AND SEWER REVENUE BONDS NOTICE IS HEREBY GIVEN that the City of Wichita Falls, Texas, has called for redemption all of the outstanding Bonds of the following described issue ON FEBRUARY 1 , 1991 City of Wichita Falls, Texas Water and Sewer Revenue Bonds, Series 1981 , dated October 1 , 1981, currently outstanding in the aggregate principal amount of 970,000; and has also called for redempton all of the outstanding Bonds of the following described issue ON AUGUST 1 , 1992 City of Wichita Falls, Texas Water and Sewer Revenue Bonds, Series 1982, dated August 1, 1982, currently outstanding in the aggregate principal amount of 830, 000. Said above described Bonds shall be redeemed at The Chase Manhattan Bank, N.A. , New York, New York (formerly Chase Manhattan Bank, New York, New York) or at InterFirst Bank Wichita Falls, N.A. , Wichita Falls, Texas (formerly City National Bank in Wichita Falls, Wichita Falls, Texas) the places of payment of said Bonds. Upon presentation thereof at a place of payment on the redemption date, the holders of said Bonds shall be entitled to receive par and accrued interest to said redemption date. NOTICE IS FURTHER GIVEN that due and proper arrangements have been made for providing the places 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 respective date fixed for their redemption, they shall not thereafter bear interest. THIS NOTICE is issued and given pursuant to the optional redemption provisions set forth in the proceedings authorizing the issuance of the aforementioned Bonds, in accordance with the recitals and provisions of each of said Bonds and pursuant to authority of a Resolution adopted by the City Council of the City of Wichita Falls, Texas on the 11th day of December, 1984. WITNESS MY OFFICIAL SIGNATURE, this the day of December, 1984. Director of Finance City of Wichita Falls, Texas