CITY OF SOCORRO,
NEW MEXICO
NOTICE OF ADOPTION OF ORDINANCE


Notice is hereby given of the title and of a general summary of the subject matter contained in an Ordinance (the “Ordinance”), duly adopted and approved by the City Council of the City of Socorro, New Mexico, on November 15, 2022. Complete copies of the Ordinance are available for public inspection during the normal and regular business hours of the City Clerk, 111 School of Mines Road, NW, Socorro, New Mexico.

The title of the Ordinance is:

AUTHORIZING THE ISSUANCE OF THE $3,265,000 CITY OF SOCORRO, NEW MEXICO JOINT UTILITY SYSTEM IMPROVEMENT REVENUE BONDS, SERIES 2022 IN TWO SERIES IN THE PRINCIPAL AMOUNTS OF (I) $2,725,500 JOINT UTILITY SYSTEM IMPROVEMENT REVENUE BONDS, SERIES 2022A, AND (II) $540,000 JOINT UTILITY SYSTEM IMPROVEMENT REVENUE BONDS, SERIES 2022B, FOR THE PURPOSE OF ACQUIRING, EXTENDING, ENLARGING, BETTERING, REPAIRING OR OTHERWISE IMPROVING THE CITY’S WASTEWATER TREATMENT FACILITY; PROVIDING FOR THE ISSUANCE AND SALE OF THE BONDS; PROVIDING THAT THE BONDS WILL BE PAYABLE AND COLLECTIBLE SOLELY FROM NET REVENUES TO BE DERIVED FROM THE OPERATION OF THE CITY’S JOINT UTILITY SYSTEM; PROVIDING FOR THE TERMS AND CONDITIONS OF THE BONDS, THE MANNER OF THEIR EXECUTION, THE METHOD OF PAYING THE BONDS AND OTHER DETAILS CONCERNING THE BONDS AND SUCH SYSTEM, INCLUDING BUT NOT LIMITED TO COVENANTS AND AGREEMENTS IN CONNECTION THEREWITH; RATIFYING ACTION PREVIOUSLY TAKEN IN CONNECTION THEREWITH AND APPERTAINING THERETO.

The title sets forth a general summary of the subject matter contained in the Ordinance. This notice constitutes compliance with Section 6-14-6 NMSA 1978.

Published in the El Defensor Chieftain on November 24, 2022

El Defensor Chieftain