11. ORDINANCE NO. 2237 - AUTHORIZING THE ISSUANCE, SALE AND DELIVERY OF UP TO $6,200,000 IN AGGREGATE PRINCIPAL AMOUNT OF “CITY OF PORTLAND, TEXAS, COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2021: THE CITY COUNCIL WILL CONSIDER ORDINANCE NO. 2237 AUTHORIZING THE ISSUANCE, SALE AND DELIVERY OF UP TO $6,200,000 IN AGGREGATE PRINCIPAL AMOUNT OF “CITY OF PORTLAND, TEXAS, COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2021”; SECURING THE PAYMENT THEREOF BY AUTHORIZING THE LEVY OF AN ANNUAL AD VALOREM TAX AND A PLEDGE OF CERTAIN SURPLUS REVENUES OF THE CITY’S WATERWORKS AND SEWER SYSTEM; AND APPROVING AND AUTHORIZING THE EXECUTION OF A PAYING AGENT/REGISTRAR AGREEMENT, AN OFFICIAL STATEMENT AND ALL OTHER INSTRUMENTS AND PROCEDURES RELATED THERETO – DIRECTOR OF FINANCE - City of Portland, TX

Meeting: CITY COUNCIL MEETING

Meeting Time: June 15, 2021 at 7:00pm CDT

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Agenda Item

11. ORDINANCE NO. 2237 - AUTHORIZING THE ISSUANCE, SALE AND DELIVERY OF UP TO $6,200,000 IN AGGREGATE PRINCIPAL AMOUNT OF “CITY OF PORTLAND, TEXAS, COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2021: THE CITY COUNCIL WILL CONSIDER ORDINANCE NO. 2237 AUTHORIZING THE ISSUANCE, SALE AND DELIVERY OF UP TO $6,200,000 IN AGGREGATE PRINCIPAL AMOUNT OF “CITY OF PORTLAND, TEXAS, COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2021”; SECURING THE PAYMENT THEREOF BY AUTHORIZING THE LEVY OF AN ANNUAL AD VALOREM TAX AND A PLEDGE OF CERTAIN SURPLUS REVENUES OF THE CITY’S WATERWORKS AND SEWER SYSTEM; AND APPROVING AND AUTHORIZING THE EXECUTION OF A PAYING AGENT/REGISTRAR AGREEMENT, AN OFFICIAL STATEMENT AND ALL OTHER INSTRUMENTS AND PROCEDURES RELATED THERETO – DIRECTOR OF FINANCE

ORDINANCE NO. 2237 - ISSUANCE