O-1949-379 - Laserfiche WebLink

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'I . e ."'--'-~~" e the state ot Texas, registered or sold and delivered 1 and the City Commission has full authority to authorize such additional bonds, and desires at this time to authorize the issuance ot a $1001000 installment ot the remaining $2501000; Theretore BE IT ORDAINED by theCity Commission ot the City 01' La e Porte, Texas: Section 1: That the bonds 01' the City ot La Porte, Texas be issued in the principal sum ot $100,000, to be known and desig- nated as "CITY OF LA PORTE WATERWORKS AND SEWER SYSTEM REVENUE BONDS1 SERIES 1949", tor the purpose ot constructing extensions and improvements to the waterworks system and the city's existing s~wer system, under and in strict contormity with the Constitu- tion and laws 01' the State ot Texasl particularly Articles 1111 to 11181 both inclusive, ot the Revised Civil Statutes ot Texas, 19251 as amended, and as authorized at a bond election held within said city on the 16th day ot March, 1948. Section 2: Said.'bonds shall be dated March 15, 1949, shall be numbered trom 1 to 100, both inclusivel shall be in the deno- mination ot $11000 each, aggregating $1001000. These bonds are a second installment ot an issue ot $500,000, and an initial installment of $250,000 has previously been sold and delivered by said city. This second installment in the principal amount ot $1001000 shall become due and payable on the 15th day ot March in each 01' the years and in the respec~ive amounts shown in the , '--... , , - .. ~---.....,\ following schedule, to-wit: Bond Nos. Maturity Amount 1 - 2 March l~, 1951 $ 2,.000 3 - 4 " 1952 2,000 5 - 6 " " 195~ 2,000 7 - 8 " " 195 21000 9 - 10 " " 1955 2,000 11 - 12 " " 1956 21000 13 '- 14 It " 1957 2,000 15 - 16 It " 1958 2,000 17 18 It It 1959 21000 19 - 21 " " 1960 3,000 -' --.. , ~