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NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND LIMITED PLEDGE REVENUE CERTIFICATES OF OBLIGATIONNOTICE OF INTENTION TO ISSUE
COMBINATION TAX AND LIMITED PLEDGE REVENUE
CERTIFICATES OF OBLIGATION
NOTICE IS HEREBY GIVEN that the City Council of the City of Marble Falls, Texas, will convene at its regular meeting place of said City Council located at the City Hall, 800 Third Street, Marble Falls, Texas at 6:00 p.m. on November 19, 2013, and, during such meeting, the City Council will consider passage of an ordinance and take such other actions as may be deemed necessary to authorize the issuance of combination tax and limited pledge revenue certificates of obligation in an aggregate principal amount not to exceed $3,500,000 for the purpose of paying contractual obligations of the City to be incurred for (1) construction of improvements to the City’s Water System, including expansion of the existing water plant and (2) the payment of costs of issuance and professional services related thereto. The combination tax and limited pledge revenue certificates of obligation will be payable from the levy of an annual ad valorem tax, within the limitations prescribed by law, upon all taxable property within the City and a limited pledge (not to exceed $1,000) of the surplus revenues of the City’s Water and Sewer System. The combination tax and limited pledge revenue certificates of obligation are to be issued, and this notice is given, under and pursuant to the provisions of the Certificate of Obligation Act of 1971, as amended, Local Government Code, Section 271.041, et. seq.
George W. Russell
Mayor, City of Marble Falls, Texas
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