O-1949-373 - Laserfiche WebLink

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--, ," /"---......., .~ -:---...... e -........ " - / "- _./ . . . 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 TWENTY (20). YEARS FROM THEIR DATE OR DATES 1 AND BEARING INTEREST AT A RATE NOT TO EXCEED FOUR (4%) PER CENT PER ANNUM, FOR THE AC'lUISITION OF A CAPITAL PROJECT ~ TO-WIT: CONSTRUC- 'tING A GARBAGE DISPOSAL INCINERATOR AND TO LEVY TAXES ON ALL TAXABLE PROPERTY WITHIN SAID CITY SUFFICIENT TO PAY THE ANNUAL INTEREST ON SAID BONDS AND PROVIDE A SINKING FUND TO PAY THE PRINCIPAL THEREOF AT MATURITY; 1 and tiHEREAS, there were cast at said election 175 votes, of which number there were cast: PROPOSITION NO. ONE FOR THE ISSUANCE OF $ 75,000 STREET IMPROVEMENT BONDS AGAINST THE ISSUANCE OF $75,000 STREET IMPROVE- MENT BONDS MAJORITY FOR THE ISSUANCE OF $75,000 STREET IMPROVEMENT BONDS 133 votes 40 votes 93 votes PROPOSIT;rON NO. TWO FOR THE ISSUANCE OF $25,000 GARBAGE INCINERATOR BONDS 134 votes AGAINST THE ISSUANCE OF $251000 GARBAGE INCINER- ATOR BONDS 38 votes MAJORITY FOR THE ISSUANCE OF $25,000 GARBAGE'IN- ClNERATOR BONDS 96 votes as shown in the official election returns heretofore submitted to this City Commission and filed with the City Clerk; Therefore BE IT ORDAINED by the City Commission of the City of La Porte, Texas: Section 1: That said election was duly called and notice thereof I I, given in accordance w'ith law; that said election was held in the manner required by law; that due returns of said election have been made by the proper officers; that said election has resulted favor- ably to the issuance of the bonds described in each of said prop- ositions and that a majority of the qualified voters voting at said election have voted in favor of the issuance of the bonds described in each of said propositions.