O-1952-438 - Laserfiche WebLink

Browse Search

'" ... .. ....:--..., e ..-..... , e - -- ." ...~ e ,r_., - . e FOR THE ACQUISITION OF A CAPITAL PROJECT, TO-WIT: CONSTRUCTING AND IMPROVING THE ROADS, BRIDGES AND STREETS OF SAID CITY AND TO LEVY TAXES ON ALL TAXABLE PROPERTY WITHIN SAID CITY SUFFICIENT TO PAY THE ANNUAL INTEREST ON SAID BONDS AND TO PROVIDE A SINKING FUND TO PAY THE PRINCIPAL THEREOF AT I~TURITY. PROPOSITION NO. TWO SHALL THE CITY CO~4ISSION OF THE CITY OF LA PORTE, TEXAS, BE AUTHORIZED TO ISSUE THE BONDS OF SAID CITY IN THE AMOUNT OF $12,000.00 ~~TURING SERIALLY WITHIN THIRTY (,30) YEARS FROM THEIR DATE OR DATES AND BEARING INTEREST AT A RATE NOT TO EXCEED FOUR (4%) PER CENT PER ANNUM, FOR THE ACQUISITION OF A CAPITAL PROJECT, TO-WIT: CONSTRUCTING A CITY HALL WITHIN SAID CITY AND TO LEVY TAXES ON ALL TAXABLE PROPERTY WITHIN SAID CITY SUFFICIENT TO PAY THE ANNUAL INTEREST ON SAID BONDS AND PROVIDE A SINKING"FUND TO PAY THE PRIN- CIPAL THEREOF AT MATURITY; and WHEREAS, there were cast at said election )&5 votes, of which number there were cast: PROPOSITION NO. ONE FOR THE ISSUANCE OF $200,000 STREET IMPROVEMENT BONDS 228 votes AGAINST THE ISSUANCE OF $200,000 STREET IMPROVE- MENT BONDS 128 votes MAJORITY FOR THE ISSUANCE OF $200,000 STREET IMPROVEMENT BONDS 100 votes PROPOSITION NO. TWO FOR THE ISSUANCE OF $12,000 CITY HALL BONDS AGAINST TEE ISSUANCE OF $12,000 CITY HALL BONDS ~~ORITY FOR THE ISSUANCE OF $12,000 CITY HALL BONDS 234 votes 121 votes 113 votes as shown in the official election returns heretofore submitted to this City Commission and filed with the City Clerk; Therefore BE IT ORDAINED by the City Commission of the City of La Porte, Texas: Section 1: That said electi9n was duly called and notice thereof given in accordancewi~h law; that said election was held in the I manner required by law; that due returns of said election have been I