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Royse City ISD board adopts order authorizing unlimited tax refunding bonds
Summary
Trustees adopted an order authorizing issuance of Royse City ISD Unlimited Tax Refunding Bonds, including authorization for a pricing officer to approve sale terms and redemption of certain outstanding bonds; vote was 6–0 (1 absent).
The Royse City Independent School District Board of Trustees voted to adopt an order authorizing the issuance of Unlimited Tax Refunding Bonds during the April 14 meeting.
Trustee Mike Anderson moved that the board adopt an order authorizing the issuance of Royse City Independent School District Unlimited Tax Refunding Bonds, in one or more series, levying a tax and providing for security and payment; authorizing a pricing officer to approve the award of sale in accordance with specified parameters; and authorizing the redemption prior to maturity of certain outstanding bonds. Trustee Eric Fort seconded the motion and the board approved the order 6–0 (one absent).
The motion as recorded in the minutes authorizes district officials to proceed with bond refunding and to set sale particulars through delegated pricing authority. The meeting minutes do not state total principal, series details, interest rates or timing; those specifics will be determined by the pricing officer under the authority approved by the board.
