O-1951-413 - Laserfiche WebLink

Browse Search

authorized by said City at sald election, the City of La Porte has previously sold an initial installment in the total principal a- mount of $250,000, a second installment in the total principal amouat of ~100,000, a third installment in the total principal amount of ~100,000, and has authorized this fourth and final in,- stallment of the remaining $50,000. ~ .t' had duly rendered same for taxation, at an election held on the 21st day of February, 1948, and pursuant to an ordinance passed ty the City Commission of the City of La Porte, Texas, duly recorded in the minutes of said City Commission. Of the $500,000 bonds of said City who owned taxable property within said City and who - and by authority of a vote of the duly qualified resident electors elusive, of the Revised Civil Statutes of Texas, 1925, as amended, ments to the waterworks system and sewer system of said City, under &nd in strict conformity with the Constitution and laws of the State of Texas, particularly Articles 1111 to 1118, both in- and tenor, except as to number, maturity, interest rate and option of redemption before maturity, numbered from 1 to 50, both inclu- sive, in the denomination of $1,000 each, aggregating $50,000, and is issued for the purpose of constructing extensions and improve- This bond is one of a series of fifty (50) bonds of like date e after mentioned, is March 15, 1951. The date of this bond, in conformi ty wi th the ordinance hE!rein La Porte, Texas. principal and interest being payable at the First National Ban1:, on September 15th and Narch 15th each year until the principal sum shall be paid. Interest falling due on and prior to maturity is I payable only upon presentation and surrender of the interest coupon1 I attached hereto as they severally become due and all interest Shallj be payable only from the special fund hereafter specified, both I , num, interest payable on Harch 15, 1952 and semi-annually therE~aftelj' I I -' . .