O-1931-236 - Laserfiche WebLink

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l' La Porte, 'J.1exas. ~~: The tact that it will be a public bene tit to the City 01' La Porte to have the hereinbetore described tDdebtednes8 funded con8titutes an emer- , sency and an fmperative public necessity that the rule re~iriDS ordinances to be read at more than one meeting be suspended, and 8a1d rule is hereby euapenled, and that thi s ordinanoe take e1'tect and be 1n torce trom and ai'ter its pU888e and approval, and it ia so ordained. PASSED .AND .APPROVED this the J g deyot August, 1931. celled, UDder further orders ot said Council. and that; the ... shall be assessed and collected for the current year and 8DDUall1 .ereaher, BDd applied to the purp08e named. Be it further ordained that the Mayor 01' the City ,01' La Porte, be and he i. hereb1 authorized and directed to take and have Charge of said Funding Warrants and he shall have autheit1 to deliver said warrants to the owner and holder 01' the original evidences 01' indebtedDe88 herein listed, and ad4i t10nal evidences 01' indebtedness to be hereafter issued, when said original evidences of indebtedness have been BUrre:Ddered to h1m and can- e . e It is furtaer cu:ddned that in the event it shall DOt be nece88817 . . to iane the tull emount 01' wurats herein contemplated, 'tilleD in such event, such 81IO'UDt 01' Oity 01' La Porte Funding Warrants as shall DQt be based upoa claims duly approved by the Council shall be cancelled IUld~e.tro,.ed, the numbers aD4 amounts 01' werrants so cancelled and destroyed 'to be _de a matter 01' record upon the Minutes 01' the Oi ty Council. It is tunher orda1ned by' the City Council 01' th8:01\y 01' La Porte, Texu, that to pay the interest on said warrants and create a sinking tund with which to pay the principal as it matures, and to provSide l~ attorneys' t8es 111 the went 01' detault, a tax 01' :5 cents on each $100 valuation 01' all taxable property 1n said Oity, shall be annually 1ni84 on all said property BDd annually asse88ed end collected ~til 8ai4 warrants and interest thereon ar8 paid. anci said tax 01' 5 cents on each $lOo valuation 01' all tua_le proper1;J in _aid 01 ty, or 80 mu.oh thereot as may be necessary, or so much more, it 8117, as may be neces.ary 18 here now levie4 1'01' the year 1931 and tor each 8ucceec11Dc year while said warrants or any of them are outst8DdiD8; BUch cl.1III8. e e .' ..