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<br />e <br /> <br />e <br /> <br />\. j \ <br /> <br />. <br /> <br />ADd whereas, certain persona have agreed to purchase and take <br />up :from the holders thereof, all evidenoes of indebtedness legelly issued and <br />hereinbefore li8ted, aDd all the warrants to be legally issued for the purpose <br />hereinbefore stated, to the amount 01' $2,374.31. (which amount includes said in- <br />debtedness now outstandiD8 and that herta1'ter to be issued and to become d18); <br />and have further agreed to acoept in lieu. thereof and in fUll satisfaotion or <br />said evidenoes of indebtedness so purchased or to be pu1'Chaaed by them, City <br />01' La Porte funding Warrants, bearing interest at the rate 01' six per cent per <br />... <br /> <br />aDDUDI ; <br /> <br />mEREFORE, BE IT OBDDB1!ID BY THE CI'l'I COONCIL OF THE CITY OF <br />LA PORTE, TEIA.S: <br />That the indebtedness herein listed, aggregatUg the 8UDl of <br /> <br />.. l 0..::1:, 00 <br /> <br />. duly approved far or on account ot indebtedness inourred <br /> <br />tor lawtul city purposes, shall be evidenoed by the issuance ot oity warrants <br />aga1Dst said city. <br /> <br />That aiditional claims to the extent 01' $ 1 ~',Z:,3 ~:J I <br /> <br />, duly <br /> <br />approved tor or on account ot 1ndebtedD8ss incurred for lawfUl oity purposes, <br />shall be evidenCed 'bJ the issuance ot oity warrants against said City. <br />That warrants ot said Oi ty, to be oalled "CITY OF LA PORTE FUNDING <br />W.ARRANTS, SERIES .A.-1931", be issued under aDd by vmue ot the Constitution <br />and laws Of the State ot Texas, inoluding Bouse Bill No. 312, passed by the <br />Fo%'ty Second Legislature at its BeSllar Session, in 1931, for the purpose ot <br />1'UDd1n8 warrants of this olty issued for lawtul o1ty purposes, all of which <br />warr8ll'ts are to be canOelled and lIUl"reD:lered, aJJd the Fw:Iding Warrants hereby <br />authorlzed issued 110 the holders in 11811 thereot. <br /> <br />Said J\md1ng Wtr1'ants shall be DWlibered from 1 to 5 inolusive, <br />shall be ot the deD.OJD1D.ation Of $500.00 each, e:uept NO.1, whioh shall be Of <br />the deDODl1D.atioD Of $374~31. aggregating $2,374.31. They shell be dated Auguat <br />1&; 1931, and shall become due and payable serially in their DUDl8rical order <br />u tollows: <br /> <br />_..~~.) <br />l).,' <br />