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<br />11. That the interest coupons attached to said war-
<br />
<br />rants shall be substantially as follows:
<br />
<br />"No.
<br />
<br />~j;
<br />
<br />On the 10th day of ,19, the City of Laporte,
<br />a :~unicipal corporation, duly incorporated under the-Iaws of the State 'of
<br />'l'e:x:as, for value received, will l1e ,justly indebted to the 'fibbetts Con-
<br />'struction Company, Contractor, or bearer, in the sum of
<br />($ . ) Dollars, by virtue of a contract made by said City with said con-
<br />tractor; and the City Treasurer of said City is hereby authorized, ordered
<br />and directed to pay said contractor or hearer on said date, out of and from
<br />the lISpecial StrE{et .Paving Warrant Func;i, .::leries c;lJ 1927" of said City, at
<br />thl9 ~1.:'OlJ riJ1.A ~'~..Q Bank, cO: "'':'"J:C'.oV''JM.~, said amount in law-
<br />ful money of the United States of c\merica; the same being six months in-
<br />tei:,es t due said contractor or bearer on "Ci ty of Laporte Street Pav.ing War-
<br />rant, Series of 1927" No. , dated October 10th, 1927, to which this
<br />coupon is attached and is a part thereof.
<br />
<br />Mayor, City of Laporte, 'l'exas.
<br />
<br />Countersi gned:
<br />
<br />Ci 'cy Secretary, Ci ty of Laporte, '!'exas. IT
<br />
<br />12. Tha t on the bacle of each of said warrants there
<br />
<br />shall be printed the following:
<br />
<br />"For value received, the Tibbetts Construction Company
<br />hej:,eby transfers, sells and delivers the within warrant, together with in-
<br />'te:raest coupons attached to bearer, wi thout recourse, and the bearer hereof
<br />is hereby subrogated to all claims, liens, rights and interest, whether at
<br />or in equity, which are, or may be secured to it by said warrant, and the
<br />contract by authority of which same was issued, and the bearer hereof is
<br />authorized to collect the same Bnd to gi ve full l'eceipt and acquittance
<br />thorefor.
<br />
<br />I
<br />I
<br />I
<br />I
<br />law
<br />
<br />IrlBBE'l'TS CON81'1-<UC'I'lUN CUMP1~NY,
<br />
<br />By
<br />
<br />II
<br />
<br />13. When the warrants hereby authorized to be issued
<br />
<br />ha"e been properq executed, they shall be delivered to the said 'l'iblletts
<br />Construction Company under a resolution passed by the City Council author-
<br />iztng such deli very, a.fter th e completion of the pa ving on Main street in
<br />
<br />tho city of Laporte, in aCcordance with the plans and specificl3.tions there-
<br />fOl', and the acceptance of such paving by the County Engineer of Harris
<br />COl;mty, Texas, such acceptance to be evidenced by instrumont in writing
<br />
<br />filed with the City Council of Laporte, 'l'exas.
<br />14. Be it further ordained. by the City Council of the
<br />
<br />Ci 1;y of Laporte, Ii/exes: 'fhat a special fund to be designated "Special street
<br />Pa~'ing Warrant Fund, Series of'192711 shall be set aside out of the Consti-
<br />
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