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<br />. <br /> <br />. <br /> <br />-7... <br /> <br />tax of and at the rate of ten cents (10;) on each One Hundred Dollars t <br /> <br />valuation of taxable property in said city is hereby levied for the year <br /> <br />1938. and the seme. or so muoh thereof as may be neoessary. and as much <br /> <br />,e <br /> <br />more as may be neoessary. is hereby levied for eaoh succeediDg year while <br /> <br />said bonda or UJY of them are outstanding, <br />And there shall be calculated each year while ~ of <br /> <br />said banda are outstanding and lmpaid what rate of 1;ax is necessary to <br />provide ourrent interest and the required amount of the prtnoipal for <br /> <br />Buoh year. or proportionate part thereof'. and a tax at such rate on <br /> <br />eaoh One Hundred Dollars' valuation of' taxable propert,y in said city. <br /> <br />within tho limits permitted by the Constitution. shall be levied, as- <br /> <br />sessed and collected during each of suoh years. and said tax of and at <br /> <br />the rate 00 f'ound to be necessary for eaoh of such years is hereby lev- <br /> <br />- <br /> <br />ted. and is ordered to be levied, assessed and colleoted. The tax that <br />hereby <br />was levied for the payment of the indebtedness being funded/io hereby <br />ratified. brought forward and confirmed by this tax levy. <br />IT IS FURTHER ORDAINED that the Mayor of the City of <br />La Porte be and he is hereby authorized to take and have oharge of' all <br /> <br />necesaary rooords pending their investigation by the Attorney General <br /> <br />and shall te.ke and have charge and control ot the bonds hereby author- <br />ized pending their approval by the Attorney General and registration by <br />the Comptroller of Public Acoounts; and is also authorized to exchange <br /> <br />the hereinbefore described funding bonds f'or the cancellation of the <br /> <br />e <br /> <br />warrants and matured interest ooupons thereof. being funded thereby. <br />which exc~~e may be made all at one time or in parcels or install- <br /> <br />menta. <br /> <br />The fact that some of the items that are being; funded <br />are past due, and that the .funding thereot as herein provided will put <br /> <br />the fi33ances of' the City in better condition constitutes or. emergency <br /> <br />~d an imperativo publio necessity that the rule requiring Ordinances <br />to be passed at more than one meeting be suspended, and sa::..d rule is <br /> <br />hereb,y suspended. and that this Ordinance take effect and be tn foroe <br /> <br />from and after its passage, and it is so ordained. <br /> <br />ATTES T : <br /> <br />& 7lt-OJ~--4'~. <br />ity Seoretary. 7 <br />(-- <br />It <br />. <br /> <br /> <br />-- <br />