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<br />---. <br />, " <br /> <br />-- <br /> <br />''''-'. <br /> <br />~, <br /> <br />'. <br /> <br />:- <br /> <br />".-- . <br /> <br />'. <br /> <br />"'. <br /> <br />,# <br /> <br />e <br /> <br />e <br /> <br />Section 8: <br /> <br />While said bonds, or any part of the principal thereof <br /> <br />or interest thereon, remain outstanding and unpaid, there is hereby <br /> <br />levied and there shall be annually assessed and collected in due <br /> <br />time, form and manner and at the time other city taxes are assessed, <br /> <br />levied and collected, in each year, a tax upon all taxable property <br />in said City of La Porte, Texas, sufficient to pay the current <br /> <br />interest thereon and to create a sinking fund to pay the principal <br /> <br />as it matures, and a tax of 1 e> ft f~ ,4~' vEr <br />I / I <br />$100 valuation of taxable property within said city is hereby levied' <br /> <br />on each <br /> <br />for the current year 1953 to pay interest on said bonds and to <br />create a sinking fUnd to redeem same at maturity, and said tax shall <br />be assessed, collected and applied to the purpose named; and for the <br />purpose of providing a fund for the payment of principal and interest <br />I, <br />'on said bonds as they respectively become due and payable, there is <br />hereby levied for each of the years while said bonds or any part of <br />,the principal thereof or interest thereon remains outstanding and <br />I <br />jUnpaid, a continuing direct annual ad valorem tax upon all taxable <br />,property within said city sufficient therefor, and said taxes, when <br />collected, shall be applied to the payment of principal and interest <br /> <br />:on said bonds, and to no other purpose. <br /> <br />Section' 9: <br /> <br />That the Mayor shall take and have charge of said bond <br /> <br />pending their investigation and approval by the Attorney General, <br />I <br />land, when so approved, shall deliver them to the Comptroller of <br />Ipublic Accounts for registration. <br />Section 10: That the sale of said bonds to Earnest L. Brown, Jr., <br />IBellaire, Texas, McClung & Knickerbocker, Houston, Texas, and <br />t <br />Central Investment Company of Texas, San Antonio, Texas, at a price <br />of par plus accrued interest, plus a. ca.sh premium of <br />. '. ,v~ <br />h/'Nr #k-I ~- Doll'ars, subject to the un- <br />qualified approving opinion as to legality by the Attorney General <br />