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<br /># 249
<br />
<br />ORDI NANCE A UTli onI~I lOlG THE I S~UAHCE
<br />Oli' OI'fY OF LA PORTE
<br />REPUiWInG BONDS
<br />
<br />THE STATE OF' 'l'EXAS ()
<br />C OUN'l'Y OF HAliliI S ( )
<br />CITY OF LA P CRTE ( )
<br />
<br />On thi s the J.l th day of l'ebruary _, 193.5, the
<br />City Council of the City of La Porte, Texas, convened in
<br />Regular Session at the regular meeting place in the City Hall,
<br />all members being present, to wit:
<br />
<br />rr }: Harri son
<br />
<br />, 1,.ayor and
<br />
<br />"\
<br />f
<br />
<br />Geo. Counts
<br />
<br />,
<br />
<br />G~Q, Sl1!!.rP
<br />
<br />C I" Ail. ee
<br />
<br />,
<br />
<br />L C Lawren9"e
<br />
<br />,
<br />
<br />and J J Roark , Aldermen and
<br />City Secretary.
<br />
<br />I W Rust
<br />
<br />"
<br />
<br />The .h!ayor submi tted to tlle Council the following
<br />
<br />ordinance:
<br />
<br />"Al~ ORDI NAIWE '
<br />BY 1'i-IE CITY COUNCIL Oli' TrIE CITY OF LA POOTE, TEXAS,
<br />AUTfIORI~ING TfIE ISSUAHCE OF REF'U1~DING BONDS Il~ 'rHE
<br />AGGREGATE AMOUNT OF,$148,OOO.OO, FOR THE PUrtPOSE OF.
<br />PAYING" OFF, CANCELING, AND Il~ LIEU OF' A LIKE AlY10Ul~T
<br />, OF' THE LEGALLY I S~UED AND OUTSTAl-JDING BONDS OF
<br />SAID' CITY, SAID OUTSTANDING BONDS BFII-jG AS FOLLOVlS:
<br />CITY OF LA PORTE WATERWORKS BO~..nS, DATED lWVEI,d:iER,
<br />10, 1925; . ' . '
<br />CITY OF LA PORTE REFUNDING .BONDS, DATED DECEr..BER 10,
<br />1929 ;
<br />CITX 6F LA PORTE SEWER' BONDS, DATED JANUARY 10, 1930;
<br />CITY OF LA PORTE'uiA'l'ErtWORKS bONDS, DATED JANUARY 10,
<br />1930;
<br />CITY OF LA PCRTE CITY HALL Al-JD FIRE STATION .E.Ol-JDS,
<br />DATED JANUARY 10,1930 AND CITY 'OF LA POi~'l'E STREET
<br />INPROVm~ENT BONDS DATED JANUARY 10, 1930, AND
<br />,PROVIDll~G FOR THE LEVY, ASSESSi\~El~T AHD COLLECTION "
<br />OF A TAX ON THE ;jJ;lOO.OO VALUATION OF' ALL TAXABLE
<br />PROPERTY WITHIN T!-LE LH,lITS OF' WD CITY TO PAY THE
<br />'INTEREST Ol~ SAID BOi~DS AND CREATE A 81 MIT l~G FUhD
<br />};t'OR THE REDEIlPTION THEREO:F', PRESCRIBI l~G THE FORlh O:f'
<br />BOND, AND D~CLARING AN E1.ERGENCy.1l ,
<br />
<br />~he ordinance ',....as read in full andl it was unanimously
<br />agreed that an wlergency existed requiri~ bhe passage of said
<br />ordinance op the d~y it is introduced, because of the present
<br />financial condition of the City which requires a readjustment of
<br />its financial affairs in order that it may meet its obligations
<br />
<br />prpm~tly.
<br />
<br />Thereupon, Alderman
<br />
<br />, COlmt s
<br />.
<br />
<br />moved that the
<br />
<br />'ordinance be declared an emergency measure and finally passed
<br />and adopted on the date of i tsintroduction.
<br />
<br />...
<br />
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