NOTICE OF INTENTION TO ISSUE CITY OF CUMBY, TEXAS
CERTIFICATES OF OBLIGATION
TAKE NOTICE, that the City Council of the City of Cumby, Texas will convene at 6:00 o’clock p.m. on the 25th day of September, 2012, at the regular meeting place of the City Council, located at 100 East Main Street, Cumby, Texas, and during such meeting the City Council will consider the passage of an ordinance authorizing the issuance of certificates of obligation, to be payable from a combination of City ad valorem taxes and surplus net revenues from the City water and wastewater systems. The certificates will be issued in a amount not to exceed $695,000 for the purpose of paying for: (1) the costs of replacing and relocating City water and wastewater lines located in the FM 275 (Frisco Street) right-of-way, together with associated engineering costs, and (2) the costs of issuance including attorneys and financial advisors fees incurred in connection with issuance of the certificates. The certificates 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, Texas Local Government Code sec. 271.041, et. seq., and the Public Security Procedures Act, as amended, Section 1201.001, et. seq., Texas Government Code.
Jeff Strickland, Mayor
City of Cumby, Texas
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