Ord. 2025-14City of Bridge City (Orange County)

Ordinance No. 2025-14: ORDINANCE AUTHORIZING THE ISSUANCE OF CITY OF BRIDGE CITY, TEXAS TAX AND WATERWORKS & SANITARY SEWER SYSTEM SURPLUS REVENUE CERTIFICATES OF OBLIGATION, SERIES 2025; LEVYING A CONTINUING DIRECT ANNUAL AD VALOREM TAX FOR T

Bastiat Overreach Score: 78/100

Passed: 2025-09-09 • Effective: 2025-09-09

Executive Summary & Impact

ORDINANCE AUTHORIZING THE ISSUANCE OF CITY OF BRIDGE CITY, TEXAS TAX AND WATERWORKS & SANITARY SEWER SYSTEM SURPLUS REVENUE CERTIFICATES OF OBLIGATION, SERIES 2025; LEVYING A CONTINUING DIRECT ANNUAL AD VALOREM TAX FOR THE PAYMENT OF THE CERTIFICATES; PRESCRIBING THE FORM, TERMS, CONDITIONS AND RESOLVING OTHER MATTERS INCIDENT AND RELATED TO THE ISSUANCE, SALE AND DELIVERY OF THE CERTIFICATES; AUTHORIZING THE EXECUTION OF A PAYING AGENT/REGISTRAR AGREEMENT AND AN ESCROW AGREEMENT; COMPLYING WITH THE LETTER OF REPRESENTATIONS ON FILE WITH THE DEPOSITORY TRUST COMPANY; AND PROVIDING AN EFFECTIVE DATE.

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Official Legal Text & Codified Sections

OFFICIAL MUNICIPAL CODE REPOSITORY RECORD — CITY OF BRIDGE CITY
Instrument: Ord. 2025-14
Title: Ordinance No. 2025-14: ORDINANCE AUTHORIZING THE ISSUANCE OF CITY OF BRIDGE CITY, TEXAS TAX AND WATERWORKS & SANITARY SEWER SYSTEM SURPLUS REVENUE CERTIFICATES OF OBLIGATION, SERIES 2025; LEVYING A CONTINUING DIRECT ANNUAL AD VALOREM TAX FOR T
Date: 2025-09-09
Repository URL: https://library.municode.com/tx/bridge_city/ordinances/code_of_ordinances?nodeId=1433093

ORDINANCE AUTHORIZING THE ISSUANCE OF CITY OF BRIDGE CITY, TEXAS TAX AND WATERWORKS & SANITARY SEWER SYSTEM SURPLUS REVENUE CERTIFICATES OF OBLIGATION, SERIES 2025; LEVYING A CONTINUING DIRECT ANNUAL AD VALOREM TAX FOR THE PAYMENT OF THE CERTIFICATES; PRESCRIBING THE FORM, TERMS, CONDITIONS AND RESOLVING OTHER MATTERS INCIDENT AND RELATED TO THE ISSUANCE, SALE AND DELIVERY OF THE CERTIFICATES; AUTHORIZING THE EXECUTION OF A PAYING AGENT/REGISTRAR AGREEMENT AND AN ESCROW AGREEMENT; COMPLYING WITH THE LETTER OF REPRESENTATIONS ON FILE WITH THE DEPOSITORY TRUST COMPANY; AND PROVIDING AN EFFECTIVE DATE.