O-1931-233 - Laserfiche WebLink

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.: ,., '. t ~ " " ,\ \J/ ..-....-... :.(j~ '.,; ,. '.' , / .'" r Ii i ~ It f J f \. J ~r I '''l~ . , ()J) , .... i \ \ ) I ,.,;-~ i ' " ., ..,., ': ~-~ '" '. .'.../ '...... " e I~~J e .AN OR>lNANCE PROVIDING FOR THE ISSU.\.NCE OF CITY OF LA. POBrE FUNDING WARRANTS IN THE AMOUN'l' OE .~60 ..00, MATURING S!RIALLY, BEAR- ING INTEREst' AT THE RATE OF SIX PER ~"T PER.ANNlJI(, FOR THE PURPOSE OF FmmmG A LIKE AMOUNT OF WAImANTS LEGAILY ISroED BY aID CITY FOR LLYIJ'UL CITY PURPOSES. PH>- VlDING FOR THE I:B:VY OF A TAX TO PAY THE PRINCIPAL AND INTEREst' OF SAID WARRANTS AT MATUlU'l'Y: AND DEClARING AN EMERGENCY. WHEREAS. there are certain unpaid warran's which are legal obligations ot the City at LaPorte, and said City is without money with which to pay 88D8, and this Cl~y Council having had under considera- tion the advisabl11 ty and necessUy ot pos'ponill8 the time ot payment thereat. in con!Jideretion at the payment ot interest the~eon, aDd issuing in lieu thereat, interest bearing time warrants, and it appearing to the City Council that it is 8dvisabl~ and necessary to . issue J"UNDING WARRANrS for the purpose of tunding of 88id outstanding and unpaid warrants, which are a8 tollows~. No. To Whom IsSUed Pur,po ae Final estimte on Ci ty Hall .AJaDunt P.!!!.. 1 1/20/31 w. C. streeter $960.00 . And, whereas) certain persons have agreed to purchase and take up trom the holders thereot, sll warrants lesa111' issued and hereinbetore listed, tor the purposes hereinbetore 8tate~, to the amount at $960.00, and has turther agreed to accept ill lieu thereat and in tull satistaction at said warrants 80 purchased by them, "CITY OF LAPORrE FUND- ING WARBANTS," SERIES A-193l, It bearing interest at the rate at 6% per 3n-. num.; THEREFORE, BE IT OmAINED BY THE CITY COUNCIL OF THE CITY or LAPORTE, TEXAS:. That wsrrants herein listed, aggregating the sum at 1960.00. be and the same are hereby in all things adjudicated and held and declared to be valid, subsisting, binding and unsatisfied obligatiOns against the City at LaPorte, end the acts at the city otficers in incurring 88id in- debtedness and in the issuance at sa1d warrants are hereby in all things ratitied and confirmed. That warrants ot said C~ty, to be called "CITY or LAPORTE FUNDING WARRANTS, SERlES.A....1931" be issued under and by virtue of the