O-1951-414 - Laserfiche WebLink

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- . TIlE STATE OF TEXAS I C~OtJNTY OF HARRIS I C:IT! OF LA P<llTE I . J~ RESOLutION AUTHClUZING THE crry TO BCRROW $"10.000.00 BY THE ISSUANCE OF THE TAX JLETICIPATION HarE Fai THE BUDGET YEAR OF .1:9~1_-?2_.. WHEREAS ot has been made known to the City Commission or the City of Ie. Parte, f'exas, that a necessity exists to borrow tunds :In the 8JI10unt of Ten Thousand Dollars .'10,000.00) tor general administrative purposes 8ZId that sum amotmt is consistent with the antioipated oollection or property tax far such year; 'WHEREAS, the First National Bank or La Parte, Texas, has exam.1ned. the finanoial '. status or the City 8Di is willing to make such lCl&UJ NOW, '1'HEREFCRB, be it resolved by' the City Commission or the City of 1A Porte, Texas that the City C:lerk be authorized to issue the negotiable note ot the City to be designated "Tax Anticipation Note" for the budget year 1951~21 such note to be in the principal 8IIlount or Ten Thousand Dolla rs '$10,000.(0) J to bear interest at the rate of _.. ,~_ per oent per annum pqable at matlQ"ity, 8Di to be due 8Di ];ayab1e em. or before the end at the fiscal year; that said not, be sold. by'the Director or Finanoe to the sl!dd First National Bank or La Porte, Texas, at not less than I*r value. Vben such note h..,s been signed by the Director of Finance and delivered to said Bank with a duly authen- t:Loated oopy or th1B resolution, the indebtedness thereby evidenced shall be 1Ulq b1JJd.1Dg a(~ainst the City. PASSED this 5th day at July, A. D., 1951, by' a vote of 2 .AYm AND o .-- -....... NOES. APPROVED by the Mayor and attested by the City Clerk em said date. -e -.....:=- "-' A~~EST I )~~.~ . Cor. E. I/Iu oon, y rC r - - City of La Porte, Texas A~ . H... Pf , Ma3ror ity Parte, Texas This is to oertify that the above and tor~oiDg is a true am ccrrect coW or a resolution ~ssed and approved b;y the City Commission at its meet1ng held CD the 5th dq of Juq, A. D.. 1951, as the same appears of reoord in the minutes of said meetiJJg, to oertify which. witness lIl\' - and seal at office. 1- tf' () .. ~ ~ ..,' -~~.~ . ..... ~ - - ~~_'(S:w,)- ~,:' "", - .r -.....,.~ ~.., "'.~ e: '_. '.<' , ":'\'~' -::-:-- ~ .. ' ---- -: II' .... ~'r , . , .,.