O-1951-413 - Laserfiche WebLink

Browse Search

ISSUANCE OF THE REliiAINING Berms AUTHORIZED AT ~('aE ELECTIOn HELl) m~ F'EBnU[~l~Y 21, 1948, AND DECLARING AN EI\mRGENCY~ I except ~lhere tbe designated provisions of said bond ordinance of the 16th day 01' March, 1948, are inconsistent and in conflict Hith the terms of e Hl~I8ED BY TAY.ATION; i:IAKING CERTAnr PROVISIONS bITH REli'ZlBNCE TO ri'HE HOLD~R OR HOLDERS OF SAID BO~IDS SHALL NEVER HAVE THE RIGHT TO DE- MAWD PAYf~rjT OF SAID OBLIGATIONS OUT OF ANY ?U~DS RAISED OR TO 3E ~'JHICH LAID PRINCIPAL AND INT~REST ARE TO BE PAID; PHOV:::D:":WG TI-IAr TP CERIJ:'AI:iT COVE:i'JANTS OF SAID CI'l'Y l'fIl'H REFERENCE TO THE BOllfD ?ffi.J) :li'RO)l APTJ.::~t ::?ROVIDIHG FOi~ l.rm: EXPKESES O.;J' OPETIATI1'rG K~ID SYSTENS; i';iAK:n~G Oi 's,AID CITY TO PAY 7HE PRINCIPAL OF AND IN~EREi3T ON SAID BOIJDS iL~DGJ>JG r.rI-IE HEVENUES OF 'i'HE ~JATEHUORKS SYSTEIJI Arm TI-".E SE:',-ER SYSrEI": O:Lo' SliID C:cr.ry; PRESC.r1IBIIW THE iORI!i OF BOXD Al';D INTEREST COUPO!'! 1: e Al'!}) HIPi-\OVEIlJEN'rS TO THE 't'mTEHlt:ORKS SYSTEM Ai'rD TG Ii'HE SE~'IER SYS/.tEi~i THE !.I.I0UNT OF $250,000, ~i'OR rl'EE PUHPOSE OF OONS~'HUCTIEG EXTEi-iS:I:Ol'JS CITY O!t' LA PORTE, TEXAS, AUTHORIZING THE ISSUANCE OF THE CITY OBI LA PORTE \'!ATERt.rORKS Ai,,'D SEr~ER SYSTEM REVENUE BO!;DS, SERIES 1948, -;-",T f:apb.oned as follows: f1Ar~ ORDINANCE BY THE CITY CON1-USSION OF THE elusive, of the bond ordinance enacted by the City Commission of the c~ty of La Porte, Texas, on the 16~h day of 11arch, 1948, bein~ cond1t;ions contained in Section VIII, IX, X, XI, XII and XIII, in- .a II Comptroller of Public Accountf3 ., of the State of Texas Section 8: That said bonds shall be issued upon thecerms and , 1951. day of ~I~r~~SS my hand and seal of office at Austill, Texas, this regis~ered by me. the ordinance authorizing same, and said bond has this day been valid and binding special obligation of said City of La Porte, Texas, p~yable from the revenues pledged to its payment by and in the Constitution and laws of the State of Texas, and that it is a e e e