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<br />done by law in the issuance of said original warrants refundecl <br />hereby have happened and been performed in due time. form and <br />manner. as required by law; that the City of La Porte receivecl <br />full and lawful value for all of said warrants refunded hereb~r: <br /> <br />IT IS FURTHER ORDAINED that all things required to be <br /> <br />x. <br /> <br />due during the year 1944. <br />IT IS. FURTHER ORDAINED that the City Council reserVEIS <br />the right to pay all or a portion ot.. such bonds. interest and/or <br />princ'ipal. out of funds to be derived from other lawful sourcelS J <br />and if and when such payment shall be made or adequately pro- <br />vided for in whole or in part. then and in that event the here,- <br />inbet'ore ,mentioned tax shall thereby be superseded and to thai; <br />extent such tax need not be levied. assessed and collected tOl' <br />the year and/or years and to the extent f'or which. such provisi.on <br />is made for payment out of funds from other lawful sources. <br /> <br />valuation of taxable property in said city is hereby levied <br />for the year 1944. and the same. or so much thereot as may be <br />necessary. and as much more as may be necessary. is hereby <br />levied for each succeeding year while said bonds or any of <br />them are outstanding; <br />And there shall be calculated each year while any of" <br />said bonds are outstanding and unpaid what rate of tax is nece~s'. <br />sary to provide current interest and the required amount of <br />principal for such year. and. a tax at such rate on each one <br />hundred dollars valuation of t,axable property in said city <br />within the limits permitted by the Constitution and Laws of <br />Texas, shall be levied, asse,ssed and collected during each of <br />such years. and such tax: of and at the rate so found to be nec~es- <br />sary for each of such y,ars is her'eby levied. and is ordered tiO <br />be levied, a,ssessed and collected for such purpose. <br />Also so much of 1943 tax money as may be necessary <br />for that purpose is hereby appropriated and allocated to the <br />/~it. fr/n(!//Ji1 o~ <br />payment of so much of the interest on these bonds as becomes <br /> <br />.,... <br /> <br />- ..~ <br /> <br />. . <br /> <br />- <br />