HomeMy WebLinkAboutOrdinance 13458Ordinance No - 5
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
COMMERCIAL PAPER G. O CONSTRUCTION FUND IN THE AMOUNT OF $75,000,000 00 FROM
AVAILABLE FUNDS FOR THE PURPOSE OF PROVIDING FUNDING FOR THE ISSUANCE OF
GENERAL OBLIGATION COMMERCIAL PAPER NOTES TO PROVIDE INTERIM FINANCING
FOR ELIGIBLE CONSTRUCTION PROJECTS, PROVIDING FOR A SEVERABILITY CLAUSE,
MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES AND REPEALING ALL
PRIOR ORDINANCES IN CONFLICT HEREWITH, AND PROVIDING AN EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS.
SECTION 1
That in addition to those amounts allocated to the various City departments for the Fiscal Year 1997-98 and in the Budget of
the City Manager, there shall also be increased estimated receipts and appropriations Commercial Paper G O Construction
Fund in the amount of $75,000,000 00 from available fund for the purpose of providing funding for the issuance of General
Obligation Commercial Paper Notes to provide interim financing for eligible construction projects.
SECTION 2.
Should any portion, section or part of a section of this ordinance be declared invalid, inoperative or void for any reason by a
court of competent jurisdiction, such decision, opinion or judgment shall in no way impau the remaining portions, sections, or
parts of sections of this ordinance, which said remaining provisions shall be and remain in full force and effect.
SECTION 3
That this ordinance shall be cumulafive of Ordinance No. 13111 and all other ordinances and appropriations amending the
same except in those instances where the provisions of this ordinance are in duect conflict with such other ordinances and
appropriations, in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly
repealed.
SECTION 4
This ordinance shall take effect and be in full force and effect and after the date of its passage, and it is so ordained.
APPROVED AS TO FORM AND LEGALITY
Assista City Attorney
sly I gg
Dat~
~~~~-Zd'
Adopted
~°~ ~-~t~
Effective