[City of Clarendon Ledger: Ordinances (207)-363] Page: 25
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25
Resolution is hereby approved by the City Council.
4. That the officers of the City Council are hereby required
to do any and all things necessary in order to facilitate the
execution of the water purchase contract.
5. That this ordinance shall become effective upon its passage.
EXHIBIT A
WATER PURCHASE CONTRACT
THE STATE OF TEXAS :
COUNTY OF DONLEY :
THIS CONTRACT (hereinafter called "Contract") made and entered
into as of the 10th day of July, 1975, by and between Greenbelt
Municipal and Industrial Water Authority, a governmental agency
and a body politic and corporate, created by Article 8380-160,
VATCS,, as amended, pursuant to Article XVI, Section 59 of
The Constitution of Texas (hereinafter called "Authority") and
the City of Clarendon, Texas, a municipal corporation in Donley
County, Texas (hereinafter called "City") .
WITNESSETH:
WHEREAS, the Authority needs to improve the water system; and
WHEREAS, the Authority proposes to issue its bonds for the purpose
of providing a source of water supply for municipal, domestic
and industrial purposes, to-wit: acquire surface water
and to construct, acquire and develop faciliti es for improvements
and extensions to the Authority's system (hereinafter called
"project"), all in accordance with a report entitled "Engineering
Report on Proposed Improvements to the Greenbelt Water Supply
Facilities", prepared by Freese and Nichols (hereinafter called
"Engineering Report"); and
WHEREAS, to accomplish the improvements needed by the Authority
to refund the Authority's following outstanding indebtedness:
First Lien Revenue Bonds, Series 1964; First Lien Revenue Bonds,
Series 1965- Junior Lien Revenue bonds, Series 1965; Refunding
Bonds, Series 1970; Refunding Bonds, Series 1972; and First
Lien Revenue Bondp, Series 1974 (hereinafter called "Outstanding
Bonds") in order to restrict the maturity schedule of the
Ourstanding Bonds to permit the issuance of additional bonds to
construct the necessary improvements; and
WHEREAS, it is desirable and necessary for the best interest of
the City that the Authority supply water to the City,
NOW, THEREFORE, in consideration of the mutual covenants and agreements
herein contained, the Authority agrees to construct the
Project in accordance with the Engineering Report, and to supply
water to the City, and the City agrees to pay the Authority
for water supplied upon terms and conditions hereinafter set
forth, to-wit:
SECTION 1. DEFINITION OF TERMS, Terms and expressions as used
in this Contract, unless the context clearly show otherwise, shall
have the following meanings:
A, "Bonds" shall mean the First Lien Bonds issued by the
Authority, wheter one or more issues, to finance the Project and
to refund the outstanding bonds.
B. "Contracting Parties" shall mean the Cities of Childress,
Clarendon, Crowell, Hedley mnd Quanah, all located in the
State of Texas, and the Red River Authority of Texas, an agency
of the State of Texas.
C. "Future Contracting Parties" shall mean parties other
than the Contracting Parties, Donley County Water Conand
improvement District No.l or the City of Memphis, Texas,
Georgia-Pacific Corporation, or its successors, and State of Texas
Parks and Wildlife Department, with whom the Authority may con
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Clarendon (Tex.). [City of Clarendon Ledger: Ordinances (207)-363], legal document, 2006~; (https://texashistory.unt.edu/ark:/67531/metapth38107/m1/36/: accessed April 25, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting City of Clarendon.