O-1950-400 - Laserfiche WebLink

Browse Search

e e .. . e the Constitution and laws of the State of Texas, and that it is a valid and binding special obligation of said City of La Porte, Texas, payable from the revenues pledged to its payment by and in the ordinance authorizing same, and said bond has this day oeen registered by me. WITNESS my hand and seal of office at Austin, Texas, this da~/ of , 1950. Comptroller of Public Accounts of the State of Texas e Section B: That said bonds shall be issued upon the terms and conditions contained in Sections VIII, IX, X, XI, XlI and XIII, in- It elusive, of the bond ordinance enacted by the City Commission of the City of La Porte, Texas, on the 16th day of March, 1948, being captioned as follows: "AN ORDINANCE BY THE CITY COlVli.vIISSION OF T1lli CITY Oi,' LA PORTE, TEXAS, AUTHORIZING THE ISSUANCE OF THE CITY Oli' LA POR'i.'E WATERWORKS AND SEWER SYSTEM REVENUE BONDS, SEHIES 1948, IN THE AMOUNT OF ~2:,O,OOO, FOR THE PURPOSE OF CONSTRUCTING EXTENSIONS AND IMPROVEMENTS TO THE WATERWORKS SYSTEM AND TO THE SE.\'1ER SYST~Ivl OF SAID CITYj PRESCRIBING THE FORM OF BOND AND INTErlEST COUPON; PLLDGING THE REVENUES OF THE ltlATERWORKS SYSTEM AND Tllli SElfBrl SYST~M OF SAID CITY TO PAY THE PRINCIPAL OF AND INTER~ST ON SAID BO~mS AFTER PROVIDING FOR THE EXPENSES OF OPERATING SAID SYSTEMS j MAKING pERTAIN COVENANTS OF SAID CITY WITH REFERENCE TO THE BOND FUND li'rlOlVl -VfrlICH SAID PRINCIPAL AND INTEREST ARE TO BE PAIDj PROVIDING THAT T HOLDER O~ HOLDERS OF SAID BONDS SHALL NEVEH HAVZ TH:ci: RIGHT TO DE- MAND PAYMENT OF SAID O:i:3LIGATIONS OUT OF ANY }t'UNDS RAISiID OR '1'0 .BE RAISED BY TAXATIONj IvUUCING CERTAIN PROVISIONS WITH REFERENCE TO THE ISSUANCE OF THE REMAINING BONDS AUTHORIZED AT THE EJECTION HELD ON FEBRUARY 21, 1948, AND DECLARING AN EMERGENCY", except where the de i- gnated provisions of said bond ordinance of the 16th day of I~rch, .