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<br />e <br /> <br />, ( <br /> <br />e <br /> <br />propert~r in st..id vi ty for t ,1e ;rear 19~b J :::..nd t"J.O SG.i,.e ~:.l~~aJ.l be <br /> <br />assessed az:d collected al'ld applied to t~1.e purpose nal1Jecl; .lmi <br /> <br />e <br /> <br />',~'2ile seoid bor..d.s, or E..~_.,- of' t.:J.em, are outstanding aHd unlJ.:..id, <br /> <br />a tax for sa ~.;:l ~ ?sar at a I'U t e fr' OJ:i ~Teur to yeLi.r, as. ill be <br /> <br />arn!1le sr..d suff:lcient to provide funds to pay the curre:'1.t ~~nterest <br /> <br />on said bonds .:lnd to provide t!le necessary si nkinf.' fund, full <br /> <br />allmlancr' bein:-: ii.8.de for delinquencies and costs ot' collection, <br />- <br /> <br />shall be, s.nd :i.s hereby levied for each yeEJ,r, respectivel~', <br /> <br />i"ihile said bomis, or any of them, are outstandine and l)..npuiu, <br />and said tax s'l.all eac~1. year be assesfJed and collected and <br /> <br />applieo. to the payment of the interest on" and principE.l of. <br /> <br />said bonds. <br /> <br />Secti en 12. It is furtller ol"daL1ed tllat all moneJrs in the <br />__ sinkint' fur;.d ara. all taxes in process of collection for tt"1.:) <br /> <br />pa~"7ilent of interest and prir..cipal of t;,le ponds nerclly refvncled, <br />slall be transferred to t:le sinking iund of t.lis bond isslle. <br /> <br />Section 1;:). It is 1'urt~"lOJll." ordained t~lat <br /> <br />_:1 i. l1arri son <br /> <br />" <br /> <br />the j..ayor of said City" ai1B.ll be authorL:;;ed to take cn!:lrge of all <br />necessar~. recoris pendine in'iTestiE:~:don by tele Attorney General <br /> <br />a:r:ci. sllE..ll take o.lnd ilave charze and control of' the '(;onds Lle:reill <br /> <br />autnorizad pendlng t2eir approval Ly the Attorney Gener~l tind <br />recistl":.:~tion by the CODAptroller of ~;uolic .n.ccounts. <br /> <br />Secti on 14. 'j,"'ne fact thl~'(, ta.e best im,..erest and eenerc..l <br /> <br />.... -'. <br /> <br />e uelfare of said Ci ty I'SLluires a reaa,iustment of its financi 8.1 <br />affairs in ordel" ti:1at it r:.a.JT neet its obliga.tions promptl~T <br /> <br />cO!1sti tutcs a.nd creates an er.erge.ilcy [,.,nd an urcent public <br /> <br />~ecessit$ requiril~ th~t the rulos providing for ordinances to <br /> <br />be read a~:d pI' er;ented more t..'lan one i.ilj.e , or at I.-.ore t~'J.al <br /> <br />one l'r;e etil1E, be st.:spended, and t~1a t ti1i s ordinance te pass sa as, <br /> <br />a.nd ta1:e effect as" an eLJereenc:>r li,easuI'e, and such rulel; and <br /> <br />provi si o:as ur e accordirlf'ly sli.spenued, ~;'ld t~li s orcilinance is <br /> <br />pa2S ed and snaIl talre effect as an eli!ercemcy IuCaw. rae, Cll"ld Sll all <br /> <br />be in full force unci. effect iXJauediatel;y- frOll', ....nd ca:J:'ter its <br /> <br />e <br /> <br />passaBe. <br /> <br />? Jl.S 6"ED l1.' ,D AP iR OV;ID, tai s ti.le 11 thday (:f I' eb:tuars_, 10:"5 . <br /> <br />;.p PR mrSD ~ <br /> <br />I <br /> <br /> <br />.. ,JvI'~~14~~ J <br /> <br />..i .L .I.Ia.rri s on <br />j",ayor, Gi ty of' .La .t'orte, r1'oxas' 0 <br /> <br />iU'T~ST ; <br />