O-1948-357 - Laserfiche WebLink

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. e - (250)" i.ncluf'Jive~ ,:L., the uenor.J.!..:rJStion ot Ono Thousand ($1.000.00) ~11e.rs 'oao..~" ~eB1~el,;6t:Lnf: TWo Ut~dred and Fifty ~~uDand ($~50.t'oO'.OO) DolU\:rs.. 1G8UeU ~f tbe C1tl Of Ia j,)o%.te, Texas, fo~ the 'pl.\Z";pose ot oon.l!tru~1nC extensions and .1Llp%'ovements to the vnt~I.\fOl~ke aya.tem er,<l tho a~';er systeCl of en:..il~;it~l" in eocorda~JQ ~lth. the Const1tutioa end Lavs of tho State of Texas, inolUdinG PfU~ieu1e.rly Articles l1U ... lUS.. both ;1.uoluS1vo" of the llevi$ed C~v11 Ste.tutes of '1'0_8, 1925, as ~.1ended, tho c.uthol'1tJl oi a vote uf the qunl::.,fied E)lactol)~ of' tl.le City of Is. 1'O%1;Et, "'~oown4!'Jd ts..mble proj;),rt:Y in sa.id Cit~' bnd wno had duly l'ende~ed the same tor tax&t1on, voting at en election held on the ~lst day or Februery t 1S48, and pursuant to an ord1nance passed '!i)U the C1t.v Comm1sa!on ot the Cj,ty of Ie Porte. Texas. du~ re'Jorcl$d in the r~utes of' the City Cowm1eaion. '{lhe date of thls bollA, J.n oonf'orm1t3" Wi,th tile ordinanoe above mentioned. 18 !b~eh 151 1948. ~ls bond.~ i\nd tl,..e $arle!~ of: whleh it i8 B part, consti- tute speoial oblifJ\tions of' the City of I.a Porte, Texas, payable solely from end eeallrtld ~ ~,n e:a:olua1v0 first 11e4l1 Oll c:.ud plottc;e at the revenues of the llat&1"Works System and the l\ever 3ystem of so1d City. after deduotion of rees0n9.blc opel"'!',tioll end ma1ntcoonce expense'o; provided, that the relal?1n1ns bonde in the C:t[;greE,;.?Qte Clli01.mt or $250.000" 00, t!.uthor.1zed et aBid electi on !leld on the 21st (k:.~t of i'ebr\1Bl'y. 19-48, when $n4 if 1s!Jued t...n~ sold shall be .on u paJ>>lty with the bonds of this aeries. The hpldel" hereof almll never be.ve the rleht to demand pa.;yInez::t ~ ~s obligation out o1~ o.ny tuna.a r8;!..f1EK1. 1)r to be :M1sed by te._t1.on. '!l:ie City of !B.Pome rfJee1'Ve~ tho X'.teht to :tJeaeem Bone" !Joo. 97 to ~;5o. inolus1ve.. in theU" inverse nW3er1cal order" on I4nzach 15. 1963. OJ;~ cmell)' itltereet pBime~l.t date thert;mfter.. 'by payinB pr1l:iCli~~1 e.n.d accrued interest th~on. ant! in Cle:!.se tl1e oct!O :ls eallet~ in to'!" red-oaption before mturity" notice thereof in W1~iti.n{; she.ll be C31ven by the City Clel'k of f:Q.ld City to tIle P1ret riot101'.al /~ -- .."- - ~ .... - ,..----. " ,'"