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-.,. ..------- ,.. "----. ,., , 'e '''''--'. e t.... . ." e e ResoLution No. 4-62 Page 2 of 4 RESOLUTION AUTHORIZING THE GIVING OF NOTICE 9F INTENTION TO ISSUE REFUNDING BONDSj AND CONTAINING OTHER PROVISIONS RELATING THERETO WHEREAS, the following time warrants of the City of La Porte, Texas, are outstanding and unpaid: CITY OF LA PORTE SEWER SYSTEM TIME WARRANTS, SERIES 1962, dated January 15, 1962, Warrants Nos. 1 to 41, both inclusive, in the denomina- tion of $1,000 each, aggregating $41,000, bear- ing at the rate of 6% per annum, and maturing serially on July 15th in each of the years 1965 to 1969, both inclusive, and are valid and binding obligations of said CitYj and WHEREAS, the owner and holder of said outstanding time. warrants has agreed to surrender the same in exchange for refunding bonds of said CitYj and WHEREAS, the City Commission wishes to proceed with the authorization of the giving of notice of intention to issue such refunding bondsj Therefore BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LA PORTE: Section 1: Tha.t the Mayor and City Clerk of the City of La Porte, Texas, are hereby authorized and directed to cause a notice in substantially the following form to be published once , a week ~or three (3) consecutive weeks in THE LA PORTE LIBERAL, which is a newspaper published in and of general circulation in said City and is the official newspaper of said City, the first publication to be at least thirty (30) days before date of the meeting of the City Commission specified in said notice at which it is proposed to authorize such refunding bonds, to-wit: