C I T Y of A L B U Q U E R Q U E
NINETEENTH COUNCIL
COUNCIL BILL NO. F/S 0-11-61 ENACTMENT NO. _________________
SPONSORED BY: Brad Winter
ORDINANCE
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F/S Authorizing, Subject To The Approval By The Voters Of The City Of Albuquerque At An Election To Be Held October 4, 2011, The Issue And Sale Of A Maximum Principal Amount Of $50,000,000 Gross Receipts Tax Improvement Revenue Bonds, To Be Issued In One Or More Series For The Purpose Of Constructing, Purchasing, Furnishing, Equipping, Rehabilitating, Making Additions To Or Making Improvements To One Or More Public Buildings And Public Facilities Or Purchasing Or Improving Any Ground Relating Thereto; Providing For The Payment Of The Bonds From Gross Receipts Tax Revenues; Declaring An Emergency (Winter)
bAUTHORIZING, SUBJECT TO THE APPROVAL BY THE VOTERS OF THE CITY OF ALBUQUERQUE AT AN ELECTION TO BE HELD OCTOBER 4, 2011, THE ISSUE AND SALE OF A MAXIMUM PRINCIPAL AMOUNT OF $50,000,000 CITY OF ALBUQUERQUE, NEW MEXICO GROSS RECEIPTS TAX IMPROVEMENT REVENUE BONDS, TO BE ISSUED IN ONE OR MORE SERIES FOR THE PURPOSE OF CONSTRUCTING, PURCHASING, FURNISHING, EQUIPPING, REHABILITATING, MAKING ADDITIONS TO OR MAKING IMPROVEMENTS TO ONE OR MORE PUBLIC BUILDINGS AND PUBLIC FACILITIES OR PURCHASING OR IMPROVING ANY GROUND RELATING THERETO; PROVIDING FOR THE PAYMENT OF THE BONDS FROM GROSS RECEIPTS TAX REVENUES; PROVIDING FOR CERTAIN TERMS OR THE METHOD OF DETERMINING THE TERMS AND OTHER DETAILS OF THE BONDS; PROVIDING FOR CERTAIN DOCUMENTS PERTAINING TO THE BONDS; RATIFYING ACTION PREVIOUSLY TAKEN; REPEALING ALL ACTIONS INCONSISTENT WITH THIS ORDINANCE; AUTHORIZING THE TAKING OF OTHER ACTIONS IN CONNECTION WITH THE ISSUE AND SALE OF THE BONDS; AND DECLARING AN EMERGENCY.
Capitalized terms used in the following preambles have the same meaning as attributed to them in Section 1.(A) of this Bond Ordinance unless the context requires otherwise.
WHEREAS, the City is a legally and regularl...
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