The City’s bonds are hereby authorized to be issued and delivered in accordance with the Constitution and laws of the State of Texas, including specifically Chapter 1207, Chapter 1371, and Article VIII of the City’s Home-Rule Charter. The bonds may be issued, from time to time, in one or more series, on the dates and in the aggregate principal amount designated in the Pricing Certificate, for the purpose of:
(i) payment of professional services of attorneys, financial advisors, engineers, and other professionals in connection with the Project and the issuance of the Certificates;
(ii) refunding the Refunded Obligations; and
(iii) paying the costs of issuing the Bonds and refunding the Refunded Obligations.
Current outstanding bond issuances that are refunding candidates are:
1. General Obligation Refunding Bonds, Series 2014;
2. Tax and Waterworks System Surplus Revenue Certificates of Obligation, Series 2015; AND,
3. General Obligation Refunding Bonds, Series 2015.
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