Title:
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Second Reading Ordinance - Authorizing the Issuance of Revenue Refunding Bonds (1st Reading 12/12/17)
Ordinance authorizing the issuance of “City of Corpus Christi, Texas Utility System Subordinate Lien Revenue Refunding Bonds, Series 2018” in an amount not to exceed $34,835,000; making provisions for the payment and security thereof by a subordinate and inferior lien on and pledge of the net revenues of the City’s Utility System; stipulating the terms and conditions for the issuance of additional revenue bonds on a parity therewith; prescribing the form, terms, conditions, and resolving other matters incident and related to the issuance, sale and delivery of the bonds; including the approval of an application to the Texas Water Development Board; authorizing the execution of a paying agent/registrar agreement, a financing agreement, and an escrow agreement; complying with the requirements imposed by the letter of representations previously executed with the depository trust company;...
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