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Title:
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Ordinance by the City Council of the City of Corpus Christi, Texas authorizing the issuance of its utility system senior lien revenue improvement and/or refunding bonds in one or more series (as designated by purpose and series) for water, wastewater, and stormwater utility improvements in an amount not to exceed $114,000,000 and refinancings in an amount not to exceed $186,645,000, within set parameters and according to the plan of finance set by the City’s financial advisors; making provisions for the payment and security thereof by a first and prior lien on and pledge of the net revenues of the City’s utility system on a parity with certain currently outstanding utility system revenue obligations; delegating the authority to the City Manager, Chief Financial Officer, Director of Finance and Procurement to execute documents relating to the sale of each series of bonds; and providing an effective date.
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