RES 1128 02/08/1994 F k
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RESOLUTION NUMBER 1128
A RESOLUTION AUTHORIZING THE CITY SECRETARY OF THE CITY OF CIBOLO
TO PREPARE AND GIVE NOTICE OF REDEMPTION OF CERTIFICATES OF
OBLIGATION
WHEREAS the Certificates of Obligation, 1987 Series, City of
Cibolo, Texas having stated maturities on or after April 1 , 1995,
shall be subject to redemption on April 1 , 1994, or on any
Interest Payment Date thereafter;
AND WHEREAS the City Council of Cibolo seeks to limit the amount
of interest paid on bonded indebtedness required for capital
projects;
AND WHEREAS sufficient funds are available to support the
redemption of the Certificates of Obligation dated April 1 , 1987 ;
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CIBOLO TEXAS:
The City of Cibolo, Texas does hereby authorize the City
Secretary to prepare and give notice of the redemption
of "City of Cibolo, Texas, Certificates of Obligation" dated
April 1, 1987 , in the amount of $45 ,000 plus accrued interest to
April 1, 1994.
PASSED AND APPROVED THIS 8TH DAY OF FEBRUARY, 1994
MAYOR, CITY OF CIBOLO
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ATTEST:
City Administrator/
City Secretary t
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