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<br />BE IT ORDAINED by the City Commission of the City of La Porte,
<br />
<br />Texas:
<br />
<br />Section 1:
<br />
<br />That the bonds of the City of La Porte, Texas, ,be is-
<br />
<br />sued in the principal amount of $75,000, to be known and designate
<br />as "CITY OF LA PORTE STREET IMPROVEMENT BONDSIt, for the acquisition
<br />
<br />of a capital project, to-wit:
<br />
<br />constructing and improving the
<br />
<br />roads, bridges and streets of said city, under and by virtue of
<br />the Consti~ution and laws of the state of Texas, particularly Chap-
<br />ters 1 and 7 of Title 22, Revised Civil statutes of Texas, 1925, as
<br />amended, and the City Charter of said city, particularly Article
<br />VI thereof.
<br />
<br />Section 2:
<br />
<br />Said bonds shall be dated May 10, 1949, shall be
<br />
<br />numbered from 1 to 75, both inclusive, shall be in the denomination
<br />of $1,000 each, aggregating $75,000, and shall become due and pay-
<br />able on the lOth day of May in each of the years and in the respec-
<br />tive amounts shown in the following schedule, to-wit:
<br />
<br />Bond Nos.
<br />
<br />Maturity
<br />
<br />Amount
<br />
<br />1 - 2
<br />3 - 6
<br />7 - 10
<br />11 - 14
<br />15 - 24
<br />25 - 34
<br />35 44
<br />45 54
<br />55 - 64
<br />65 - 75
<br />
<br />1960
<br />1961
<br />1962
<br />1963
<br />1964
<br />1965
<br />1966,
<br />1967
<br />1968
<br />1969
<br />
<br />$
<br />
<br />May 10,
<br />II "
<br />" "
<br />II "
<br />" "
<br />'.. "
<br />" "
<br />" "
<br />n "
<br />" II
<br />
<br />2,000.00
<br />4,000.00
<br />4,000.00
<br />4,000.09
<br />10,000.00
<br />10,000.00
<br />10,000.00
<br />10,000.00
<br />10,000.00
<br />11,000.00
<br />
<br />The City of La Porte, Texas, reserves the right to redeem
<br />said bonds then outstanding on May 10, 1964, or on any interest
<br />
<br />~ayment date thereafter, by paying the principal amount and unpaid
<br />accrued interest thereon to the date fixed for redemption. In
<br />the event all or any part of the bonds then outstanding shall be
<br />called for redemption before maturity, notice thereof in writing
<br />shall be mailed, properly stamped and addressed, to The First
<br />National Bank, La Porte, Texas, and shall be published in a finan-
<br />cial journal published in New York, New York and of general cir-
<br />culation in the united States of America at least one time and
<br />
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