O-1929-230 - Laserfiche WebLink

Browse Search

. e e , e my office a certificate of the Attorney General of the state of Texas to the 2ffect that this bond has been examined by him as required by law and that he finds that it has been issued in conformity with the Constitution and lawe of the state of Texas, and that it is a valid and binding obligat~on u?on the City of LaPorte, Texas, and said bond has this day been ragistered by me. WITN~SS my hand and seal of offica at Austin, Texas, thts day of A. D. 19~ - Comptroller of Public Accounts of the State of Texas. SECTION 2 IT IS FURTH?R ORDAINED by ths City Council of the C:ty of LaPorte, Texas, that to pay interest on said bonds and to create a sinking fund sufficient to pay the principal as it matures, there shall be and it is hereby ordained that there be levied, assessed and collected in due time, form and manner and at the same time other city taxes for said City are levied, assessed and collected in each,year, a tax u~on all the taxable ?roperty in said City of LaPorte sufficient to pay the current interest on said bonds and to pay the principal thereof as the same matures; and to pay ,the interest on said bonds and each year's pro rata of the principal thereof, there is hereby levied a tax of twenty-five cents on each one hundred dollars valuation of taxable said Ci~ f~aid Refunding Bonds, for the year 1930, succeeding~r while said bonds or any of them are and the same Shal~be as~~ssed and collected, or so property in and for each outstanding, much thereof as may be necessary for said purpose) and applied to the purpose, ns:med. The taxes heretofore levied for the pay- ment of the warrants being refunded by this ordinance are hereby ~ ratified, brought forward and a~propriated by this ordinance for the payment of interest and provision lor sinking funds of the respective refunding bonds taking the place of said warrants.