O-1946-327 - Laserfiche WebLink

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Such refunding bonds shall be nwn.bered 80nsecutively from I to 22 incJu sive, shall be in denomination of oil,OOO.OO each, aggregatiIl; ;;22,000.00. They shall be dated October 10, 1946 am smll be made to mature as follows, to wit: . II. l1aITan t Law of 1931. That the bonds of said city, to b3 called "CITY OF IA PORTE '~ii...TER SY3TEM REFUNDIl'U BONDS," be issued in the amount of $22,000.00 far the purpose of refUnding the herein- before descriued warrants, as provided by the Constitution and Laws of the State 0 f Texas, and particularly the Bond am I. .AND IT FURTHER APmABS and this City Council affir- matively so finds, that no pet it ion has been filed with or presented to the City Secretary or the May'or or the City' Council by ten per cent or any other number of the qualified voters ot said city whose names appear on the last approved tax rolls as property taxpayers reque sting a referendum or protesting the issuance of such refunding bonds or otherwise objeoti:cg thereto. .AND IT FURTIfi:R AP.t'EARS that it is to the best interest of the City of La Porte end to its citizens and. taxpayers that the hereinbefore described 4% wat't-ants Should be refunded oy the issuance 0 f an equal annunt of refunding bonds bearilg a lower rate of interest, as her einafter more ful.1:y set out. AND IT FURTHER AB?EARS and the City Council affirma- tively so finds and adjudges, that the financial coni ition of the City of La Porte willnotpe,rmtt such refunding bonds to be made to mature in such amual installments as will make the burden of taxation to pay SaJ1B applO ximately uniform throughout tbe term of such bonds, unl"ss the maturities as herein listed make the burden of taxaticn to pay same approximately uniform. ~~FORE, BE IT ORDAINED BY 'I'm: CI1r OOID'lCIL OF TEE CITY OF IA POR'm, TEXAS: v - ..a .... e e