O-1949-370 - Laserfiche WebLink

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e - ..,,- ---. , '\ 4 '.....- - ~...,.' PROPOSITION NO. TWO SHALL THE CITY COMMISSION OF THE CITY OF LA PORTE, TEXAS, BE AUTHORIZED TO ISSUE THE BONDS OF SAID CITY IN THE AMOUNT OF $25,000, MATURING SERIALLY WITHIN Tl.'lENTY (20) YEARS FROM THEIR DATE OR DATES AND BEAR- ING INTEREST AT A RATE NOT TO EXCEED FOUR (4~) PER CENT PER ANNUM, FOR THE ACQUISITION OF A CAPITAL PROJECT, TO-WIT: CONSTRUCTING A GARBAGE DISPOSAL INC INERATOR AND TO LEVY TAXES ON ALL TAXABLE PRO- PERTY WITHIN SAID CITY SUFFICIENT TO PAY THE ANNUAL INTEREST ON SAID ,BONDS AND PROVIDE A SINKING FUND TO PAY THE PRINCIPAL THEREOF AT MATURITY. ." Section 2: The City Commission finds that the probable period of usefulness of the street improvements is approximately twenty (20) years and the propable period of usefulness of the garbage disposal incinerator is approximately twenty (20) years. Section 3: That said election shall be held at the City Hall Building, in the City of La Porte, Texas, -and the entire city shall constitute one election precinct. The following named persons are hereby appointed officers of said election. --, iJ~. Bnl11e Wright I Presiding Judge Mrs. AJfbeh Ralatcm. J Assistant JUdge M-rs. Calvin Compton , Clerk tIlI"h Ruth Jaebcm , Clerk . ,~ e' Section 4: That said election shall be held in accordance with the provisions of the Oonstitution and the laws of the State of Texas and the City Charter and only duly qualified resident electors of the City of La Porte, Texas, who own taxable property within said city and who have duly rendered the same for taxation, shall be qual~fied to vote. Section 5: That the ballots of said election shall have printed thereon the following: . --~ ~ OFFICIAL BALLOT PROPOSITION NO. ONE FOR THE ISSUANCE OF $75,000 STREET IMPROVEMENT BONDS AGAINST THE ISSUANCE OF $75,000 STREET IMPROVEMENT BONDS