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ORDINANCE NO. 3761-84
AN ORDINANCE AMENDING ORDINANCE. NO. 3671-84, OF THE
CITY OF CLEARWATER, FLORIDA, AUTHORIZING ISSUANCE
OF NOT EXCEEDING X43,000,000 WATER AND SEWER REVENUE
BONDS, SERIES 1984, SO AS TO PROVIDE THAT INSTALLMENTS
OF BONDS ISSUED AFTER THIS INITIAL INSTALLMENT OF
REFUNDING BONDS COMPLY WITH PARITY REQUIREMENTS
OF SUCH ORDINANCE; PROVIDING AN EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF
CLEARWATER, FLORIDA:
Section 1. Section 19 of Ordinance 3674-84, duly enacted by the City
Commission of the City of Clearwater, Florida, on July 31, 1984, is hereby amended to
read as follows:
"Section 19. SALE OF THE 1984 BONDS. The Bonds shall be
issued and sold in such manner and at such price or prices
consistent with the provisions of the Act and the requirements of
this Ordinance, all at one time or in installments, from time to
time, as the issuer shall hereafter determine by resolution;
provided that the first installment shall be sold and delivered only
in an aggregate amount sufficient to effect the complete refunding
program described in Section 3 of this Ordinance; provided,
further, that no installment after the first installment shall be sold
unless, at the time of sale, the issuer complies with all of the
requirements of Section 16 R of this Ordinance treating such
installment then being sold as if it constituted Additional Bonds
hereunder."
Section 2. All other sections and provisions of Ordinance No, 3674-84,
not herein expressly amended, shall remain in full force and effect.
Section 3. All ordinances or resolutions of the City Commission or parts
thereof in conflict with the provisions of this Ordinance are, to the extent of such
conflict, hereby superseded and appealed.
Section 4. EFFECTIVE DATE. This Ordinance shall take effect
immediately upon its passage.
Section 5. PUBLIC NOTICE. Notice of the proposed enactment of this
Ordinance has been properly advertised in a newspaper of general circulation in
accordance with Chapter 166.041, Florida Statutes.
PASSED ON FIRST READING
PASSED ON SECOND
AND FINAL READING AND
ADOPTED,
Attest:
City Cl e3r
LKI0'0118/84-636A•-1250
FS; '
Ord. 3761--84
October 4 , 1984
October 18 , 1984
SEE ORDINANCE
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10-18-84
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