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<br />"AN ORDINANCE <br />OF Tm CITY OOUNCIL OF THE CITY OF LA. FORTE, <br />TEXAS, AUTHORIZING TEE ISSUANCE OF $22,000.00 <br />CIT{ OF IA PORTE VrATER SYST]M HiFUNDING BONDS. <br />BEARING D1TEREST AT TEE RATE OF 3% and 3*% <br />PER . ANI\1UM, FOR THE PURPOSE OF REFUNDING <br />$22,000.00 CITY OF IA PORTE WATER SlSTEM <br />1/!ARR.WTS; PRESCRIBIID TEE FORM OF SUCH REFOND~ <br />ING BONDS SHALL BE SUBROGATED TO ALL TEE RIGHTS <br />HELD BY TEE HOLDERS OF THE ORIGINAL WARRANTS <br />HEFUlIDED TBEi~BY; PROVID ING FOR THE IEVY, ~SESS- <br />BiT MID COLIECTION OF TAXES ON AIL TAXABtE <br />PROPERTY 'WITHIN THE LIMITS OF'THE CITY OF IA PORTE <br />TO PAY THE INTEREST THEREON AND CREATE A SINKING <br />FUND V-lITH WHICH TO Fi;I THE PRrNCIPAL AT ~TURITY; <br />:aESERVIW rrHE RI GHl' TO PAY ALL OR A PORTIOIJ OF <br />TEE Ilfl'EREST AND PRII\1QIPAL OF SUCH REFUNDING <br />BONDS FRo:.: FUNDS DERIVED FROM OlliER IAvlFUL <br />OOURCES; DECIARIID TH3 VALIDITY OF THE WAl-tHANTS <br />TH..6.T ARE BEINl RE1!UNDED; AND DECLARING .AN <br />EMERGJi:NCY. " <br /> <br />IT APlEARS that heretofore the City ot La Porte has <br /> <br />issued ani has outstanding warrants of said oity briefly desoribed <br /> <br />as follows: <br /> <br />The Ordinanoe 1 s as follows: <br /> <br />passed. ...;" <br /> <br />that the ordiname be passed on its third and final reading, vilioh <br />motion was unanimously oarried, Aldermen J"aIHlS9tl, Dunham., Norris. <br />Smi th and Roam vo ti rg AYE; and no one voting NO. <br />THEREUPON, the Mayor de cJared the ord~noe f1nally <br /> <br />and seoonded uy AlderDBIl ~ <br /> <br />~ <br /> <br />Alderman <br /> <br />e <br /> <br />1'" <br /> <br />- <br /> <br />'/ <br /> <br />that the ordina:a:=e be passed on its seconi reading, which motion was <br />unanimous 1y earn e d, Aldermen l"eB.:aSI:H\, Dunham, Norri s, Smith and ROal"k <br />..... votirg AYE; and no one vo ting NO. <br />The ord mam e W E!s read a thi rd time, and it was moved 'by <br /> <br />AYE; and no one voti Ig NO. <br />The ordina nce was read a second time and it was moved by <br />t:P~ and seconded uy AlderDBn,~ _ <br /> <br />Alderman <br /> <br />be passed at more than one meeti~ be suspended and that the ordinance <br />be plaoed on its second and final readings J which motion was unanimous- <br />ly oalTie4. Alderman ;.o1:I1:u;OI1, Dunham, Norris, Smith ...nd Roark voting <br /> <br />tha t the rule requiring ordinances tl::> <br /> <br />~ <br /> <br />by Alderman <br /> <br />and se conded <br /> <br />It was moved by Alderman <br /> <br />~ <br /> <br />. <br /> <br />e <br /> <br />- <br /> <br />- <br />