O-1935-249 - Laserfiche WebLink

Browse Search

------ , \ I J \ '-........ .. ~~~ 9 .' '. . ,0 ....... - e, , x e property in said ~ity.for the year 1935, and th~ same shall be assessed and collected and applied to the purpose named; and while said bonds, or any of them, are outstanding and unpaid, a tax for eachl year at a rate from year to year, as will be ample and sufficient to provide funds to pay the current interest on said bonds and to provide the necessary sinking fund, full allowance being made for' delinquencies' and costs of collection, -'. ----- shall be, ~nd is hereby levied for each ye~r, respectively, while said bonds, or any of them, are outstanding and unpaid, and said tax shall each year be assessed and collected and applied to the payment of the interest on, and principal of. said bonds. 'j Section 12. It is further ordained that all moneys in the sinking fund ~nd all taxes in process of collection far the payment of interest and principal of the sonds herebY,refunded, 5.l.all be transferred to the sinking fund of this bond issue. Section 13. It is fUr~~1Q' ordained that if B Harrison , the E,layor of said City, shall be authorized to take charge of all necessary records pending investigation by t,ne Attorney General and shall take and have charge and control of the bonds herein authorized~pending their approval by the Attorney General and registra.tion by the Comptroller of Public Accounts. Section 14. The fact that the bes.t interest and general welfare of said Oi ty requires a ~eadjustment of its financi al affairs in order that it may meet. its obligations promptly constitutes and'creates an emergency and an urgent public necessity requiring that the rules providing for ordinances to be read and PI' esented more than one time , or at more than one meeting, be suspended, and that this ordinance be passed as, and take effect as, an emergency measure, and such rules and provisions are accordingly suspended, and this or4inance is , 'pass ed and shall take effect as an emergemcy meaal. re, and shall be in full force and effect immediately from and after its ;pQ. 'S sag e . PASSED Al'.D APPROVED, this the 11 thP-ay bif F'ebruary: ,1935. AP PH OVED: ATTEST: H .B Harr1: s on ' Ci ty of' a Porte, Texas} I