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<br />(-~--- <br /> <br />e <br /> <br />:J.-- <br /> <br />.- <br /> <br />.....~ <br />ttl~:' . <br />-- <br /> <br />,r~-"'" <br />~. <br />e <br /> <br />. <br /> <br />e <br /> <br />l~th in each year, until the principal sum shall be paid. Inter- <br />est falling due on and prior to maturity is payable only upon <br />presentation and surrender of the interest coupons attached here- <br />to as they severally become due and all interest shall be payable <br />only from the special fund hereafter specified, both principal <br />and interest being payable at the First National Bank, La Porte, <br /> <br />Texas. <br /> <br />The date of this bond, in conformity with the ordinance <br />hereafter mentioned, is March 15, 1949. <br />This bond is one of a series of one hundred (100) bonds of <br /> <br />like date and tenor, except as to number, maturity, interest rate <br />and option of redemption before maturity, numbered from 1 to 100, <br />both inclusive, in the denomination of $1,000 each, aggregating <br />$100,000, and is issued for the purpose of constructing exten- <br />sions and improvements to the waterworks system .and the sewer sys- <br />tem of said city, under and in strict conformity with the Consti- <br />tution and laws of the State of Texas, particularly Articles 1111 <br />to 1118, both inclusive, of the Revised Civil Statutes of Texas, <br />1925, as amended, and by the authority of a vote of the duly qua- <br />lified resident electors of said city who own taxable property <br />within said city and who had duly rendered the same for taxation, <br />at an election held on the 21st day of February, 1948, and pur- <br />suant to an ordinance passed by the City Commission of the City <br />of La Porte, Texas, duly recorded in the minutes of said City <br />Commission. or the $500,000 bonds authorized by said city at <br />said election, the City of La Porte has previously sold an ini- <br />tial instal1mant in the total principal amount of $250,000, and <br />has authorized this second installment of $100,000 of the remain- <br />ing $250,000 originally authorized. It has been expressly pro- <br />I vided that no part of the remaining authorized but unissued <br />bonds shall be sold and delivered unless the conditions and <br /> <br />restrictions set forth in the original ordinance authorizing the <br /> <br />- -~----- <br />