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<br />. <br /> <br />e <br /> <br />-2- <br /> <br />bearing interest at the rate of l.t% per annum, whioh reduotion <br /> <br />in interest will oonstitute a valuable saving to said City; <br /> <br />e <br /> <br />AND IT FURTHER APPEARING AFFIRUATIVELY that this <br /> <br />Council has eaused notice of intention to issue Funding Bonis <br /> <br />for the purpose ot funding said warrants and matured interest <br /> <br />coupons to be published on the same week day once eaoh week <br /> <br />for at least three consecutive weeks, the tirst publioation <br /> <br />being at least thirty tull days betore the date set tor pao- <br /> <br />sing this Ordinanoe and issuing such Funding Bonds, whioh <br /> <br />notioe is as follows to-wit: <br /> <br />e <br /> <br />NOTICE OF INTENTION TO ISSUE <br />FUNDING BONDS <br /> <br />THE STATE OF TEXAS, <br />COUETY OF HARRIS" <br />CITY OF LA PORTE. <br /> <br />TO THE FROPERTY TAXPAYING VOTERS OF THE CITY OF <br />LA PORTE, TEXAS, .AlID ALL OTHER INTERESTED PERSONS t <br /> <br />NOTICE is hereby given that it is the intention <br />of the City Council ot the City of La Porte, Texas, on the <br />23rd day ot May, 1938, to pass all neoessary Ordinances and <br />orders to provide for the issuanoe of City of La Porte Fund- <br />ing Bonds in the maximum amount of 011,500, bearing interest <br />at the rate of 4 per oent per annum with maximum maturity <br />date 1961, and to issue suoh Funding Bonds for the purpose <br />of funding an equal amount of City of La Porte Sewer Warrants, <br />dated on or about August 15,1931, and bearing interest at the <br />rate of 6 per cent per aDnUD and matured interest ooupons of <br />said warrants. <br /> <br />-- <br /> <br />VlIT:NESS our offioial signatures this 7th day of <br /> <br />April, 1938. <br /> <br />GEO. H. SHARP, Mayor <br />lIaRS M.O.LAMBLY, <br />City Secretary. <br /> <br />AND IT FURTHER APPEARING AFFIRMATIVELY that no- <br /> <br />protest has been tiled by 10% or any other number of property <br />taxpayers of said City protesting the issuance of such funding <br />bonds or ot~erwise objeoting thereto; <br />THEREFORE BE IT ORDAINED BY THE CITY COUNC IL OF THE <br /> <br />CITY OF LA PORTE, TEXAS, as follows: <br /> <br />Seotion 1. <br /> <br />e <br /> <br />That the bonds ot said City to be oalle<l "CIT.l OF <br /> <br />LA PORTE SENlIER FUNDING B01"DS", be issued in the amount of <br />$11,500.00 for the purpose of funding an, $11,500 of the heroin- <br />before de~cribed sewer warrants and matured intereat coupons thereot, <br />