O-1931-236 - Laserfiche WebLink

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e approved tor or on account of indebtedness incurred tor lawful city purposes, shall be evidenced by the issuance ot oity warrants against said Oi'y_ That werranta of said Oi ~, to be oalled "OM' OF LA PORTE FUNDING WARRANTS, SERIES J.-1931-. be issued under and by v1*t;ue ot the Cout1tut1on end law. ot the State ot Texas, includ1ng House Bill No. 312. pas.ed by the Fony SecClld Legislature at 1ts ReSllar Sess10n. 1D. 1931. tor the purpose ot tuDd1ng warrants ot tis c1ty 1ssued tor lawflll city purpolles. all ot wh1ch warran.... are to be cancelled end surreDdered. 811d the Fw:lding Warrants hereby authorized issued 110 the holders 1n lieu thereot. Said J\mding Wtrrants shall be numbered from 1 to 5 inclusive. shall be ot the deD.Om1D.ation ot $500.00 each, except NO.1, wMch 8hall be ot the deD.Om1nat10n ot $374.31. aggrega'Un& $2,374.31. They 8hall be dated August 1&; 1931. and shall become due and panb1e serially in their numerical onler as follows: - . duly ,. ,...,. That atditional. c1a1ms to the extent ot ~ tor 1ntUl c1 ty purposes. shall be evidenced. by the issuance of city warrarxts agai:ut said c1 ty. . duly approved tar or on account ot indebtedness incurred .. ..... ., t e LA PORTE. TEXAS: That the indebtedness herein listed, agsregat64g the sum ot ~, BE IT QBl)JDED BY THE OITY CamcIL OF THE OITY OF annum: 8a1d evidences ot indebtedness so purchalJed or to be purchased by them. C1ty ot La Porte funding Warrante. bearing interest at the rate of six per cent per It And whareae. oertain persoDS have agreed to. purohase and take up mil the bolders thereot. all evidences ot 1ndebtednesslegally issued and hereinbefore 118ted. and all the warrants to be legal.J.y ismed tor the purpose hereinbetore 8tated, to the emount ot $2,374.31 (which S10unt inoludes said in- debtedness now outstending and that hereafter to be issued end to become dm); end have further agreed to accept in lieu thereot and in fUll satistact10n or , e, ~ e e