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<br />" <br /> <br />FRED R. RUFF'. <br />J. N. JOHNSON, <br />J. J. ROARK, <br />M. D. BURGIN', <br />JAOK K. KERBER, <br />If". F. SMITH. Aldermen <br />ANNIE CHRISTENSEN, 01 ty Secret,ary <br />Alderman ~ introduced an ord1nanc,e entitled: <br /> <br /> <br />"AN ORDINANCE <br />OF THE CITY cCtJNO IL OF THE Clfi OF LA PORTE. <br />TEXAS, AUTHORIZ,ING THE ISSUANCE OF #12,000 <br />CITY OF LA PORTE SEWER REFUNDING BONDS. :BEAR- <br />ING INTEREST AT: tmE RATE OF 4$' PER, ANNUM FOR <br />THE PURPOSE OF R&FUNDING $l2.000.00 CITY OF <br />LA PORTE SEWER WARRANTS. DATED MAY lQ. 1943; <br />PRESCRIBING THE FORM OF SUCR REFUNDING BONDS: <br />PROVIDING THAT '!'HE HOLDEl1S ,OF THE ltEFUNDING <br />BONDS SHALL BE SUBROGATED 'to ALL THE RIGHTS <br />HELD BY THE HOLDERS OF TEE ORIGINAL WABRANTS <br />REFUNDED THEREBY; PROVIDING FOR THE LEVY, <br />ASSESSMENT AND COLLECTION OF TAXES ON ALL <br />TAXABLE PROPERTY WITHIN THE LIMIT'S OF THE CITY <br />OF LA PORTE TO PAY THE INTERES'r THBREON AND <br />CREATE A SINKING PUND WITH WHICH TO PAY THE <br />PRINCIPAL AT MATURITY; RESERVING T:aE RIGHT TO <br />PAY ALL OR A POR'fION OF THE INTEREST AND PRIN- <br />CIPAL OF SUCH REFUNDING BONDS FROM FUNDS DE- <br />RIVED FROM OTHER LAWFUL SOURCES i_DECLARING THE <br />VALIDITY OF THE WARRANTS THAT AKJ:!i BEING RE.. <br />FUNDED;' AND DECLARING AN EMERGENCY." <br /> <br />'.Che ord1nanc.8 was read in fl111 by the C.ity Secretar;y, <br /> <br />, ~I <br />and it .!aa moved by Alderman:,' and seeonded by Alie:r- <br />" , " <br />man . o'~/~ that the ordinance b.e passed on its first reac1'" <br /> <br />ing, which motion was unan~ously carried. Aldermen JOHNSON, <br /> <br />'".. <br /> <br />Mayor <br /> <br />Q..~ . 1944, Ule C:Lty <br />, <br />Council o~ the Cit,y of' La Porte, in Harris County, ~.xas. ac)n- <br />vaned in ~8asai0'l1 a.t the Oity Hall in said city with <br />all members thereof ~esent, viz: <br /> <br />On this <br /> <br />I <br />I <br />I <br />31AC"day of <br /> <br />THE STATE OF TEXAS <br />COUNTY OF HARRIS <br />o 1ft OF LA PORTE <br /> <br />SEWER REFUNDING13J:>ND ORDINANCE ~h2~OOO.OO <br /> <br />.# ~/ I <br /> <br />, 'to <br /> <br />.r <br /> <br />. <br /> <br />.~ <br />