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<br />ORDINANCE NO. ~53
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<br />AN OBDINAlCE PROVIDING FOR THE LEVY, ASSESSMENT AND COLLEOTION OF AN
<br />AD VALOREM TAX FOR THE YEAR 1936 OF Am> AT THE RATE OF ,1.50 ON EACH ,100.00
<br />'VALUATION OF 'l'AIABLE PROPERTY IN THE orry OF LA PORTE FOR THE PUHPOSE OF PAYING
<br />'fHE INTEREST Olf, AND A SINKING Ft1ND FOR THE BEDmlPTION OF, "OITY OF LA FOR'l'E 0-
<br />:roJ!lDIIIG BOJlDS" AND .0rrY OF LA PORTE REFUNDING WARRAN'l'S, SERIES 1936" AND FOR
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<br />;PAYlIfG OORREm.' EXPE.NSES OF SAID OITY.
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<br />BE 1'1' ORDAINED Bf THE OITY OOUNOIL OF THE CITY OF LA t'ORTE, TEXASs
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<br />Section 1. There is hereby levied and shall be assessed and oollected
<br />j~or the year 1935, on all the taxable property in the 01ty ot La Porte, Texas, on
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<br />1;M :first d~ ot January ot the year 1936, an ad w.lorem tax ot, and at the rate
<br />e)t, One and ,60/~()O.Do11ars (,1.80) on each One Hundred Dollar (,100.00) valuation
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<br />e.t taxable proper't7 in said OiV. estimated in la.wtu1 ourrenoy ot the Un1ted
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<br />S:tates, tor the purpose ot pBl'ing the interest on, aDd. a sinking tund tor the
<br />r'edemptlon ot. Olle HUDdred Forty-Eight Thousand. Dollar (,148,000.00) "Oity ot
<br />La Porte Retunding Bonds" and Thirteen Thousand Eight Hundred Elghty-Beven and
<br />91/100 Dollar (,13,8e7.9l) "Oity ot La Porte Retunding Warrants, Series 1936"
<br />aDd tor paying current ex:penees ot said Oity, and levied as tollows, to-wits
<br />(a, There i. hereby levied a tu ot One Dollar (,1.00) OIl eaoh One
<br />B'lmdred Dollar (,100.00) 'ftluation ot taxable property in the 01ty ot La Porte,
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<br />t'~r the year 1936, tor the purpose ot paying the current interest on, and to pro-
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<br />v:Lde the neoessary sinking fund tor, the One HUDdred Forty-Eighty Thousand Dollar
<br />(~,148,000.OO)"Oit1' ot La Porte Refl1nding Bonds" i8sued in the year 1936, and the
<br />.Iune shall be assessed and oolleoted and applied to the purpose named.
<br />(b) There 18 hereby lened a tax ot Tw8nty Cents (,.20) on each One
<br />HtlJ1dred Dollar (,100.00) w.luaticm ot taxable property in the C1 ty ot La Porte,
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<br />fClr the year 1936, tor the purp08e ot paying the ourrent in'terest on, aDd to pro-
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<br />n,de the neoessarr s:l.xlk1ng tund tor, the Thirteen Thousand Eight Hundred Eighty-
<br />Seven and 91/100 Dollar (,lS.-SS.,.1Jrr .Oi:ty of La Por1;e Refunding Warrants, Series
<br />1935", and the 8~e ahall be asse8sed and oollected and applied to the purpose
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<br />ll8:a1ed.
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<br />(0) There is hereby lened a tax ot Thirty Oents (,.30) on eaoh One
<br />HU:I1c1red Dollar (,100.00) valuation ot taxable property in the City ot La Por1;e,
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<br />fOJr the year 1936. tor the purpose ot paying the variou8 current expenses of the
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<br />Oity of La Porte tor the ;year 1936, inoluding street and bridge work and repairs,
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<br />~~rment of salaries ot offices end. all other necessary ourrent expenses ot 8aid
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