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~. .J....- on its fir st reading, whi c:i1 motio n was unanimous ly carried, Aldermen J:6ftfta8B, Dunham, Norris, Smith and Roark votiIg AYE; and no one 'VOting NO. tha t the ordinance be pass ed Alderman ~ " .AN ORDINANCE OF TEE CI'lY COUNCIL OF THE CITY OF LA PORTE, TEXAS, AU'lHORIZING THE IS&1,AUCE OF $22,000.00 CITY OF LA PORTE WATER SYSTEM REFOND!N} BONDS, BE..OONG INTEREST AT THE RATE OF 3% and ~ PER ANN1JM, FOR TEE PURPOSE OF REFUNDING $22,000.00 OF CI'lY OF LA. PORTE WATER SYSTEM "TA..i:ffiANTS; PROVIDIID TH.'E 'mE HOIDmS OF THE REFU:NDoo. BONDS SHAtL BE SUBROGATED TO AIl. 'mE RIGHTS BEID BY THE HOIDERS OF TEE ORIDINAL '.r~T,,'\&.'ZANTS REFUNDED THEEEBY; PROVItn:NG FOR THE IEVY, ASSEd3m~~ .liND (; 0 LLECTION OF TAXES ON ALL TAXABIE pro P:ER TY ~'.'ITEIN 'lEE LIMITS 0 F THE CITY OF LA PORTE. TO PAY TEE INTEREST TEEREON .lliD CREATB: A SI1J:al\G FUND ~:I:rrH :.',.TEICH TO PAY THE PRINJIPAL AT 1".A'IURITY; RESERVIm TEE RIGHI' TO PAY AU OR A PORTION OF THE INTEREST AND PRINCIPAL OF SUCH :dEFll~DING BONDS FROd[ FUl\TDS DERIVED F:dU.,! O'DlllER aWFUL SOURCES; DECLAROO THE V .4~LIDITY oif THE V:.ARRANTS THAT .ARE BEING REFUlIDED; AND DECIARING AN EMERGENCY." The Ordinance was read in full oy the City Secretary and it was moved by Alderman t:fJ~ and seconded by J. J. ROARK MRS. HARO IJ) H. SHARP J Alderman r:e~ nance enti tJ. ed: Oity Secretary introduced an ordi- J. N. JOhnson" Absent d. .. . <l VJ[U'ICi \II II J. L. DUNHAM GEORGE F. NORRIS T. F. 3Ii1ITH Mayor On this (~/.~day of ~:()ctobEn", 1~46, the City Council ot the City of La Porte, in. Harris Countr, Texas, convened in S':p,~oiLai session at the City Hall in said City with all mmbers thereof present, viz: FRED R. RUFF, THE STATE OF TEXAS COUNTY OF HARRIS : CIT! OF LA PORTE CITY OF IA PORTE WATER SYSTEM REFUNDD'iG BONDS - ~O()O_OO 7i-J.~1 - 1t "- e, : ........-. /; - \- , , , .' a\ .' ,/ ~ ~\) ..J .'.....~ \ ",.'/./