HomeMy WebLinkAboutOrdinance No. 414 CITY OF THE COLONY. TEXAS
· ORDINANCE
AN ORDINANCE OF THE CITY OF THE
COLONY, TEXAS, AUTHORIZING THE CITY
AMOUNT OF $ ~T&OO, OO FOR THE
.~O~l~ i A~AGHING THE ~PRO~D
FORM OF CONTACT
A~ PROV~ING AN EFFEC~ DA~
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF THE COLONY,
TEXAS:
SECTION 1. That the City Manager of the City of The Colony, Texas is
hereby authorized to execute on behalf of the City a contract with
FIJ~?~Ol..O,.~"~l,,q/~ in the amount oi $ ~7{~O~ , OO ~or the
~nC~*E OF ~Oy~ 40~ ~RI~. The approved form o~ sUch
contract is attached hereto as Exhibit "A", and made a part hereof ior such
purposes.
SECTION 2. This Ordinance shall take effect immediately from and
after its passage by the City Council of the City of The Colony, Texas.
DULY PASSED AND APPROVED by the City Council of the City of The
Colony, Texas, on this the ~O~ da)' of ~, 19 ~
APPROVED:
ATTEST:
I'"URCHASE ORDER
CITY OF' THE COLONY
r,, 55'7'~" N. COLONY ® THE I=OLON¥, T£X.e.~ '7'505~5 ®
[] NOT FOR. RESALE [] FOR RESALE TAX NUMBER
· TRIPLICATE
RM/TLN 8ORR ;~ 751-57-06 370-]756
CITY'OF THE COLONY ---'
FIRST COLONY BANK Loan Number 66038849
5'574 N. ~ 52OOPAIGEROAD
~ ~-~0 )56 THE COLONY, TEXAS 75056 Date APRIL 21 86
NY~ TEXASt~ Maturity Date APRIL 15 88
BORROWER'S NAME~. ADDRESS LENDER'S NAME AND ADDRESS Loan Amount $ 832 !. 52
' "includes each borrower above jointly and severally "Y ' ·
. ou means the lender, s successors and assigns. Renewal Of
Note: ~ promise to pay to you, or your order, at your address above, the sum of (which Js the same as the Total of Payments):
EIGHT THO[L~AND THREE HUNDRED TWENTY-ONE AND 52/]00 Dogars$8321 .52
ia} ~ (n 24 instagmentsof$ 346.73 each. beginning MAY 15 86 andcontinuingonthesamedayofeach r~ month
(bi [] (other)
PREPAYMENTANDACCELERATIONREaATE:lmayprepaythisnoteatanytime. Partial '~ HIGHEST RATE ALLOWABLE BY
9.01 % $ 721 .52 S 7600.00 $ 8321.52 X YES-lwant
Number of Amounl el OUE NO - I do not want
23 $346.73 EACH MONTH BEGINMING 05/[5/86 "e" means an esdmate
1 $346.73 04/15/88 $ N/A Em.g Eees
$
Security: lam giving a securlty ,nterest in: [] ~.r,.,O..:,,.,,oe o~ ot,,*,.,o..,,~* ROYAL COPIER," SORTER
Type Premium Term Signatures (or Initials) Amount paid on my account $ ~I/A (a)
(bi
Name of Insure( To Property Insurance Company 6 N/A Icl
Name of Insurec To Oisabildy insurance Company $ N/A
~ ~a., io~o~ cre~,~ ,,fe N/A .
Credit N/A
I do not want: X Credit Life Ins; Credit Disability Ins; X Joint Credit Life Ins DDA ~/1100940 l $ 7600.00
the insurance from or through you I will pay S N/A for of coverage. $ N/A (k)
PROPERTY INSURANCE ~'IS REQUIRED. [] IS NOT REQUIRED. Prepaid Finance Charge $ N/A (I)
I have the option of furnishing any insurance you require in connection with this transaction either through AMOUNT FINANCED (a through k - I) $ 7600. O0
require from any insurance company authorized ~o do business in Texas Finance Charge (include prepaid) $ 7~) ]. * 52
The premium quoted above for Total of Payments (m + n) $ 832 ] . 52 (o}
policy insuring me (where you are named as loss payee) and on any policy msuring the dated 04/21/8 6
ROYAL 4003 COPIER t/R505452
ROYAL 4003 SO~TER ~/7601]20
[] If checked, this security agreement (if filed) should be fged in the real estate records. This property will be used for [] Personal [] Business [] Agricultural
Legal Description [] (other) purposes.
~-~ If checked, this is a purchase money loan. You may include the name el Ihe seller on the
Record Owner (if not me) check or draft for Ihis loan.
I agree to the terms of the note and security agreement above (including those on the
Signatures
other side ofi~m.)~nl~ ~jc~thi rm) and acknowledge receipt of at least one copy on today's date
Any person who signs within this enclosure does so Io give you a securdy interest in COSI S - SEE NOTIClCj~DNREVEI~.~SN REVER SfDE BEFORE SfGNING
the property described above, but assumes no personal obligaPon to pay this note,
Name Signature
X Date Signature
PRECOMPUTED NOTE, DISCLOSURE, AND SECURITY AGREEMENT.