O-2001-2529 - Laserfiche WebLink

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e e SHALL BE DETERMINED WITHIN THE DISCRETION OF THE CITY COUNCIL, FOR THE PURPOSE OF THE CONSTRUCTION OF A YOUTH BASEBALL COMPLEX AND IMPROVEMENTS WITHIN WESTSIDE PARK, AND SHALL THE CITY COUNCIL BE AUTHORlZED TO LEVY AND CAUSE TO BE ASSESSED AND COLLECTED ANNUAL AD VALOREM TAXES ON ALL TAXABLE PROPERTY IN THE CITY IN AN AMOUNT SUFFICIENT TO PAY THE ANNUAL INTEREST ON SAID BONDS AND PROVIDE A SINKING FUND TO PAY SAID BONDS AT MA TURlTY? PROPOSITION 4 SHALL THE CITY COUNCIL OF THE CITY OF LA PORTE, TEXAS BE AUTHORlZED TO ISSUE BONDS OF SAID CITY, IN ONE OR MORE SERlES, IN THE AGGREGATE PRINCIPAL AMOUNT OF $1,900,000, MATURlNG ON A DATE NOT MORE THAN 30 YEARS FROM THEIR DATE OR DATES, BEARING INTEREST AT A RATE OR RATES NOT TO EXCEED THE MAXIMUM AUTHORIZED BY LA W AT THE TIME OR TIMES SUCH BONDS ARE ISSUED, AND BEING SOLD AT SUCH PRICES, ALL AS SHALL BE DETERMINED WITHIN THE DISCRETION OF THE CITY COUNCIL, FOR THE PURPOSE OF THE RELOCATION OF FIRE STATION NO.2 AND THE RENOVATION OF OLD FIRE STATION NO.2 FOR EMERGENCY MEDICAL SERVICES, AND SHALL THE CITY COUNCIL BE AUTHORIZED TO LEVY AND CAUSE TO BE ASSESSED AND COLLECTED ANNUAL AD VALOREM TAXES ON ALL TAXABLE PROPERTY IN THE CITY IN AN AMOUNT SUFFICIENT TO PAY THE ANNUAL INTEREST ON SAID BONDS AND PROVIDE A SINKING FUND TO PAY SAID BONDS AT MA TURlTY? Section 2. The official ballots for said election shall be prepared in accordance with the Texas Election Code, so as to permit the electors to vote "For" or "Against" the aforesaid propositions, which shall be set forth substantially as follows: PROPOSITION 1 THE ISSUANCE OF $7,700,000 POLICE DEPARTMENT HEADQUARTERS AND EMERGENCY OPERATIONS CENTER BONDS. PROPOSITION 2 THE ISSUANCE OF $3,500,000 WASTEWATER TREATMENT PLANT IMPROVEMENT BONDS. PROPOSITION 3 THE ISSUANCE OF $3,200,000 YOUTH BASEBALL COMPLEX .-JMPROVEMENT BONDS AND WESTSIDE PARK IMPROVEMENT BONDS. PROPOSITION 4 THE ISSUANCE OF $1,900,000 FIRE STATION NO.2 RELOCATION AND RENOVATION BONDS. Section 3. Voting shall take place on election day between the hours of 7:00 A.M. and 7:00 P.M. at the regular voting precincts and at the polling places, as set forth in Exhibit "A" attached hereto and made a part hereof as if copied in full.