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<br />~ <br />) J <br /> <br />,') <br /> <br />\ <br />\ <br />\ <br />'\ <br />.~. <br /> <br />e <br /> <br />, . <br /> <br />e <br /> <br />.1'0, <br /> <br />l.:]~Llj,lAi.'.G"~ .. ~3S <br /> <br />The ordinance follows: <br /> <br />AN ORDniANOE PROVIDING ]'OR mE ISSUANCE OF CITY OF <br />LA PORTE FUNDING \1ARRANTS ni '!BE AMOUNr OF $2,374.31 <br />MA.TtJRING SERIALLY, BEARING mEREST AT THE RATE OF SIX <br />PER 0ENr PER ANNUM, FOR THE PURPOSE OF FONDniG A LIKE <br />AMOUNl' OF INmBTEDNESS IEGALLY INCURRED BY SAID CITY <br />FCB LAWFUL cm PDBPOSES; PRovmmG FOR 'lEE LEVY OF A <br />TAX TO PAY THE PRINCIPAL .AND INmEST OF SAID \'I~S <br />AT MATURITY; .AND DECLARING AN ElllRGENCY. <br /> <br />AND WHEREAS, the Oi ty of La Porte hu not. heretofore issued <br /> <br />time 'WarreDts duriDg the current oalendar year without publioatiOn of utice <br /> <br />and right to referendum as provided in House Bill No. 312, passed by the 42nd <br /> <br />Legislature at its Regular Session, in 1931, and therefore said $2,3'14.31 time <br /> <br />warreDts wUl not exoeed the limitations provided by said law: <br /> <br />WHEREAS. there is oertain outst8Dding indebtedness which is <br /> <br />a legal ob1igat10n of the CUy of La Ports, and said C1ty is w1thout money with <br /> <br />which to pay sSlDe, and this City Council having had under cona1deration the <br /> <br />advisability 8Dd nec888ity of postponing the time of pQDl8Jlt thereof, in con- <br /> <br />sideration of 'the pQD1ent ot interest thereon, and issuiDg in lieu thereof, <br /> <br />interest bearing t1ms warrants, aDd it appearing to the City Council that it <br /> <br />ls advlsable and neoessary to lssue Fundins War~ant8 for the purpose ot funding <br /> <br />said outa'teDding and unpaid indeb1;e4ness, .hi ch is as tollows: <br /> <br />No. Date To Whom Issued Purpose Amount <br />8423 8~15lj:r Houston Light & Pow.Co. Service $50.00 <br />8424- 8-15-31 Sam Streetman Legal Service 150.00 <br />8425 8-15-31 Stewart Boyles Arbitration 225.00 <br />8426 8-15-31 H. C. Burt & Co. Legal Service ;'-:1 F no <br /> ! <br /> , , <br /> I' (l,~l ,no .1 <br /> I <br /> I <br /> j <br /> <br />.1 <br />I <br />