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<br />numbered from 1 to 10, imclusi ve, in the denomination of'
<br />~1,000.00 each, payable serially ~1,000.00 on April 10th of each
<br />
<br />of the years 1935, 1940, 1945, 1949, 1953, 1957, 1961, 1964,
<br />1967 and 1969. All of said City riall and .F'ire Station bonds,
<br />in the age'regate amount of .jjilO,OOO .00 are outstanding and unpaid.
<br />(6) Oi ty of La .Porte Street Improvel)1ent Bonds, dated
<br />January 10, 1930, in the principal sum of ~5,OOO.00, bearing in-
<br />terest at the rate of 6% per annum, interest payable semi-annually
<br />on October lOth and April lOth of each-year, numbered from
<br />
<br />1 to 5, ,both inclusive, in denomination of ~il.OOO.OO each and
<br />maturing seria~ly ~1,000.00 on April 10th of each of the
<br />years 1941, 1949, 1957, 1963 and 1969. All of "said Street
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<br />impDovement bonds, in the aggregate wnount of ~5,OOO.00, are
<br />
<br />outstanding and unpaid.
<br />The aggregate amotmt outstanding and unpaid on all
<br />of said above described issues being oi148,000.00 and the
<br />Ci ty Council of the Ci ty of La .Porte deems it advisable and to
<br />the best interest of said Gity that said above descbibed
<br />outstanding Bonds, in the aDlount of 'lI'148,000.00, be refunded
<br />and that new bonds be issued in lieu thereof.
<br />
<br />THERRFOHE, BE IT ORDJU1~ED BY TdE CITY COUNCIL 01" THE
<br />CITY OF LA PeRTE, TF.xAS:
<br />Section 1. That the bends of said City, to be called
<br />It Ci ty of La Porte Refunding bonds", be i Bsued under and by
<br />virtue of the Constitution and Laws of the State of Texas,
<br />
<br />including Chapter 163, Acts of the 42nd Legis1atUl'e, 1931,
<br />
<br />to the amonnt of One Hundred and Forty-Eight Thollsand
<br />i1.48,OOO.00)Dollars, f'or the purpose of' ref'unding, canceling
<br />
<br />. and in lieu City of La Porte Waterworks bonds, dated
<br />November 10, 1925, City of La Porte Refunding Bonds, dated
<br />
<br />December 10 ,1929, Ci ty of La Par t e Sewer Bonds, da ted
<br />January 10, 1930, City of La Par t e Water~,orks bonds, dated
<br />:Tanuary 10, 1930, City of La .P or t e Ci ty Hall and Fire Sta ti on
<br />Bond s , dated' January 10, 1930 and Ci ty of La ~ or t e Street
<br />
<br />Improvement Bonds dat,ed January 10, 1930.
<br />
<br />Section 2. That said bands shall be numbered consecutive-
<br />
<br />ly from 1 to 148, inclusi ve; shall be of the denominati on of
<br />One ThDusand ($l,QOO.OO) Dollars each, agg~egating One Hundred
<br />and F'orty-Eight Thousand (~?148,000.00) Dollars.
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