O-1948-357 - Laserfiche WebLink

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. .. ".,.-..... ", o&1d elelJtion and deterrUnill6 the opeoific autho:!'lty ot the City to ::'s9ue sa.ia. revanUG bonc1tsJ ond ~;.i~w.;AOJl aeld ~~bove mentionod election did e'tlt~lo%'ize the issuance of~on'binod llQt\F)rwo~~ks llndSever GystOill lievenue Bonds .e .e and the )led,g;ing of the net revenues of the comb::ned lfat erworks and 3eve:.... System to the payment of &c1d bor.ds; and ~l~. the C1t~ Cornmi~o1on nay deems it advisablo and to the best 1ntero~t Qf oaid City that of the bonds so author- lzed at :Jaid election only $250jOOO.00 of bonds Rtlculd be iosued ~t this .tiJ:i.Gllll and that oBia 'uondo 1n the omount of ~250"OOO.OO should be 1$$ucd a, combined \Jator'Wol'ks and SetTer System Revenue Bonds; and \\'HEBiAS, it 1s now neccl';Js&X7 and pl"'ope:r tl;ll.t the City ~~D8i~ln procEJOO with the issuance of such l'ovenue bonds; T.lIE.REPORE, BE IT ORDAlrr.t!lD BY'TUE Clft CO,,~.uS3ION OF !,:filE CITY OP IA PORTE.. TEXAS: 1. T.~~\t for the purPODO of cOMtr".1etlDg extensions &nd lmprovements to the waterworlce aystem end the Oe\lOI? system of the C1t:," of IB. Porte, TeX&sD a.nd pursuont to the Oonstitution '''''--... ./ end St8t~tee of the State of Texas, 1nolu4in8 pa~t1aular1y Artiolos 1111. - 1118, both inclus1vo, of the HeviseU Civil Statutes ot !texas, 1925.- BS amended.. and in accord&noe with the election held tor that purpose, tnere shall be issued CrT~ OF .I;A PORTE llATERIiOIlliJ~ A~'D SE\mn aYSTBr.~ r~V:UiMJ.I~; BermS, SUiIJro 1940, in the principa1 ngBrcga.te $wn of Two Hund.1'ed and .--.... /" .... .- ~ e' F1ftu Tlloueand ($250,000.00) Do~rB, to be numbered from One (1) to T'W'oHun<u-ec1 and Fifty (250)" inclusive, in the denom:l..m- tion of One '!houeand ($1,000.00) Dollars each; of which $40,000 shall be expended fO%.lthe purpose ot constructing e.xtensiono and improv.ements to the waterwox.ks system, and $210,000 shall be expended for the p'W."POse or constructinG extensions and improve- menta to the sever 8)t$tem. "